Now shop at Dubai airports using Rupees

first_imgDubai: The Indian Rupee will now be accepted for transaction at all airports in Dubai, according to a media report, in a good news for tourists from India who form the highest number of international overnight visitors in the emirate. According to a report in the Gulf News, the Indian currency is now acceptable at all three terminals of the Dubai International Airport and at Al Maktoum Airport. “Yes, we have started accepting the Indian rupee,” a Dubai duty free staff was quoted as saying by the paper. Also Read – Maruti cuts production for 8th straight month in SepThe acceptance of Indian currency is good news for Indian tourists as earlier they lost a sizeable amount due to exchange rates, sources said. Out of the nearly 90 million passengers passed through Dubai aiports last year, 12.2 million were Indians, the report said. Indian travellers had to earlier convert the Rupee into Dollar, Dirham or Euro before they could shop at Dubai’s duty free shops. The Indian rupee is the 16th currency to be accepted fo r transaction at Dubai Duty-Free since its opening in December 1983, said the report. In 2018, Dubai Duty Free recorded an annual sales of $2.015 billion with Indian passengers accounting for 18 per cent of its business.last_img read more

Egypt constitution vote begins as bomb underscores divide

first_imgCAIRO- Egyptians were voting on a new constitution on Tuesday amid high security in a referendum likely to prompt a presidential bid by the army chief who overthrew Islamist president Mohamed Morsi.The military-installed government implored voters to turn out en masse to ratify the constitution, with the country’s lingering polarisation underscored by the explosion of a small bomb in Cairo that caused no injuries.An Islamist coalition led by Morsi’s Muslim Brotherhood has called for a boycott and “civilised peaceful protests” during the two days of polling, and the interior ministry has pledged to confront attempts to disrupt voting. Defence Minister Abdel Fattah al-Sisi, the general who overthrew Morsi in July, visited a polling station at a north Cairo school after voting began to survey the security preparations.“Work hard. We need the referendum to be completely secured,” he told soldiers guarding the school.Shortly before polling stations opened, a small, improvised bomb exploded outside a Cairo court, damaging the facade but causing no injuries, police said.It again highlighted the government’s precarious grip on the most populous Arab country, still reeling from the ouster of Morsi and a bloody crackdown on his Islamist supporters.The government hopes a large turnout in favour of the charter will bolster its disputed authority, while Sisi will monitor it for an “indicator” of his popularity, an official close to the general said.Interim prime minister Hazem al-Beblawi entreated voters to cast their ballots.“Our country needs every vote from Egyptians,” he said after casting his ballot, state media reported.The police and army have deployed hundreds of thousands of police and soldiers to guard polling stations amid fears that a spate in militant attacks and protests would keep voters at home.At one polling station for women at a school, dozens lined up to cast their ballots, some waving Egyptian flags and chanting pro-military slogans.While it is uncertain how many Egyptians will vote amid concern over violence, the constitution appears certain to pass.Charter removes much of Islamist-inspired wordingThe charter has done away with much of the Islamist-inspired wording of Morsi’s constitution, which was suspended on his overthrow, and its supporters say it expands women’s rights and freedom of speech.But it has bolstered the military’s powers, granting the army the right to appoint the defence minister for the next eight years and to try civilians for attacks on the armed forces.The run-up to the vote has been marred by a deadly crackdown on Morsi’s supporters, and arrests of activists who campaigned for a “no” vote.At least seven activists have been detained in the past week as they distributed posters or leaflets critical of the new constitution, prominent rights lawyer Ragia Omran told AFP, adding that most were released after a few days.The capital has been festooned with banners urging Egyptians to vote “yes”, often featuring military motifs such as a general’s hat, an allusion to army chief Abdel Fattah al-Sisi.Many Islamists revile Sisi as the man who overthrew the country’s first freely elected and civilian president, but the general is adored by the millions who took to the streets in July to demand Morsi’s resignation.The army chief is widely expected to run for president, and has said he would stand for election if he felt there was “popular demand,” state media reported this week.The authorities are worried that a low turnout would empower their Islamist opponents in Morsi’s Brotherhood movement and cast further doubt on their legitimacy, analysts say.Backers of the constitution are hoping for at least a 70 per cent vote in favour of the constitution as a satisfying majority.Morsi’s heavily Islamist influenced constitution passed with 64 per cent of the vote, but on a turnout of barely 33 per cent of the country’s 53 million voters.At least 1,000 people, mostly Islamists, have been killed in street clashes, and thousands have been imprisoned since the ouster of Morsi, whose supporters continue protests almost every day.last_img read more

Housework Moroccan Brand Flips the Script on Gender Roles

Rabat – The Moroccan detergent brand “Mio” has addressed the issue of sharing domestic chores between the sexes in an advertisement, a narrative scarcely seen on Moroccan television.The timely campaign, which Mio ran in collaboration with Rapp Morocco agency, comes just days before the holy month of Ramadan when housework piles up especially.Raising awareness about the burden many Moroccan women carry when it comes to housework, from cooking and dishes to doing the laundry and much more, Mio’s advertisement shows the reaction of men to pictures of dried, coarse hands. The general director of Rapp Morocco, Tarik Guisser, stated that, unlike Mio’s 2018 advertisement, the experiment sets a tone of authenticity because the participants were not actors but real people.Read also: Abdellah Boussouf: Morocco’s Stability is Due to its Model of ReligiosityGuisser noted that the reactions of men in the video are spontaneous and real. Directed by Santiago Zannou and produced by Videorama, the awareness-raising campaign had men comment on the pictures. The men replied with great sympathy.The men were surprised to learn the hands in the pictures were those of their mothers and sisters. They appeared to be more struck when their mothers and sisters walked up to them with their hands stretched out. The video hit more than 190,000 views and was shared on Facebook more than 6,400 times. Social media users greeted the video with positive comments. The social experiment is “unprecedented,” according to the Rapp agency. But the idea of tackling the widespread social script of women being the ones responsible for housework is not new to the Mio brand. In May 2018, the same brand released its first advertising campaign addressing the same gendered social roles, titled “Let’s Partake in House Chores!” The advertisement displayed men doing day-to-day housework. read more

More than 15 million needed to help Azerbaijans displaced – UN food

The United Nations World Food Programme (WFP) will run out of supplies in a month for more than 130,000 Azerbaijanis displaced by the conflict with neighbouring Armenia over the disputed region of Nagorny-Karabakh unless it receives an urgent injection of funds, the agency said today.In a statement issued in the capital Baku, WFP launched an appeal for $15.6 million to provide those Azerbaijanis, mainly women and children, with 27,000 tons of food aid over the next two years through June 2008.The agency noted it has already been forced to cut rations twice this year because of funding shortfalls, and last September the WFP assistance programme was briefly brought to a complete halt.WFP Executive Director James Morris said Azerbaijan’s displaced population has been largely forgotten as international media attention and relief efforts focus on other conflicts.“These are people who had normal lives one day and nothing the next,” he said, referring to the armed conflict ending in 1994 that forced more than 600,000 Azerbaijanis to flee the region and head to remote areas in their country’s west, where job opportunities are extremely limited.A survey conducted by WFP last year found that only 40 per cent of affected households have access to agricultural land and in those that do most of the produce grown is for basic subsistence only. read more

Mayor of oilpatch capital says stop blaming industry for everything

Mayor of oilpatch capital says stop blaming industry for everything FORT MCMURRAY, Alta. – The mayor of Alberta’s oilpatch capital says she wishes Edmonton’s mayor and police chief would stop blaming her area for the city’s rising crime rates.Melissa Blake, mayor of the Regional Municipality of Wood Buffalo, says she’s disappointed with Edmonton Police Chief Rod Knecht and Mayor Don Iveson and would welcome their apology for comments they made this week.Knecht said he will be asking city council for 80 more officers, saying a spike in crime could be linked to a downturn in the oilpatch.He said a lot of people are coming back to Edmonton from Fort McMurray and Cold Lake and are sitting around in Edmonton waiting for the price of oil to go back up so they can go back to work.Iveson said the downturn in the economy means Edmonton ends up policing “northern Alberta’s problem children.”Blake calls their comments “unjust.”“To say the stuff that happens in Fort McMurray causes impacts here in Edmonton directly is just not right,” she says. “When it comes to crime rates in 2015, overall our crime is down.“It seems like we’re an easy target but I’m here to say we’re not that easy to blame. Prove it.”(CTV Edmonton) by The Canadian Press Posted Oct 1, 2015 9:46 pm MDT Last Updated Oct 2, 2015 at 9:20 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

Energy company Petrolia to meet Quebec government about Anticosti Island drilling

QUEBEC – Energy company Petrolia says it will meet Wednesday with the Quebec government to discuss oil and gas drilling on Anticosti Island.Premier Philippe Couillard said last month that it was a “serious error” for the previous Parti Quebecois government to set aside public money towards drilling several exploratory wells on the island located in the Gulf of St. Lawrence.Petrolia president Alexandre Gagnon has called on Couillard to meet with him as soon as possible to alleviate the “confusion” and “uncertainty” caused by the remarks.Gagnon has said the company (TSX-V:PEA) has been going through tough times since Couillard began distancing himself from the project last December.Petrolia has applied for drilling permits ahead of exploratory work that is scheduled to begin this summer.The government is a financial partner in a joint venture with a mandate to explore a hydrocarbon deposit on Anticosti Island. by The Canadian Press Posted Mar 7, 2016 10:29 am MDT Last Updated Mar 7, 2016 at 11:20 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Energy company Petrolia to meet Quebec government about Anticosti Island drilling read more

Job advert jargon puts off applicants survey finds as thought shower and

The firm surveyed 2,000 adults. Georgina Brazier, of Milkround, said: “Our research shows the need for businesses to offer concise information and clarity so top talent isn’t put off by jargon, abbreviations and buzz-phrases.”Gone are the days of limited characters within a newspaper job ad. Employers have the scope to include clear outlines and expectations, offering budding candidates full details of the role on offer.”Recruiters have previously come under criticism for using jargon-filled job adverts while overly “honest” adverts have even made national headlines. Steve Jenner, from the Plain English Campaign, has said: “Fill your job descriptions with jargon and – strangely enough – you’ll attract candidates who think you need to speak like this to get the job. This will in the first instance lead to candidates presenting themselves for gobbledygook-filled job interviews.”Worse still, it increases the likelihood that a candidate will be appointed who thinks it is a requirement to speak to the public like this. Perhaps even worse still, someone who hasn’t really understood what the job entails is more likely to be appointed.”Plain English Campaign believes that using this kind of jargon in job descriptions increases the chance of poor appointments and all the consequences that stem from these. We would urge all who produce job descriptions to say what they mean – and mean what they say.”Restauranteur Justin Valmassoi made headlines when he announced he was seeking a colleague who is “fast, progressive, and not a total p****” to work alongside him in his new American diner in Glasgow in 2015. Jargon used in job adverts is putting off potential applicants, a new survey has found, as firms have been urged to stick to plain English. New research shows around half of university graduates have been dissuaded from applying for jobs because of “deliberately ambigious” language in descriptions.The worst terms identified include “blue-sky thinking”, or being open-minded and “thought shower”, which stands for brain-storming sessions.Phrases said to be the most misunderstood were said to be  “growth hacking”, “brand architecture” and “low hanging fruit”, according to the study.According to Milkround, a London-based graduate recruitment firm, around half of jobseekers said they had not applied for a job because they did not understand the advert. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. read more

Capital Safety ExoFit STRATA redistributes weight in mining tasks

first_imgBu using innovative LIFTECH™ weight distributing technology, Capital Safety, a global player in fall protection equipment and rescue systems, says it has created “the lightest-wearing safety harness yet”, the ExoFit STRATAM™. As part of the DBI-SALA® portfolio, the new harness incorporates many of the existing features that make the range successful in the mining and other industries. The new ExoFit STRATA is designed to take the weight off workers shoulders and redistributes it to where the body is better suited to carry it: the hips.It features PolarMesh™ padding, which keeps users’ backs cooler with greater air flow alongside a Revolver™ Vertical Torso Adjuster and Tri-Lock Revolver™ Connectors that provide added security around the legs. Capital Safety has partnered with ergonomics specialists at North Western Health Science University in Minnesota to test several key aspects of the ExoFit STRATATM and compared it with alternative full body safety harnesses on the market. Using thermal sensors, load calls and motion capture cameras, a series of rigorous lab tests were performed resulting in an advanced harness solution.“During testing, the ExoFit STRATATM demonstrated the least amount of force on shoulders while the wearer is standing stationary, reducing forces on subject’s shoulders by up to 85% compared with other competitive harnesses.With more than 20 years expertise in designing products to ensure the safety of thousands of men and women who work at height, Capital Safety’s latest offering represents the culmination of years of design, research, and manufacturing know-how. Capital Safety has helped shape and define what the modern safety harness looks like and how it performs. Previously the development of safety harnesses has focused on protection rather than comfort and productivity. This led Capital Safety to create the ExoFit STRATATM, literally taking the weight of workers’ shoulders.”Sandra Paiva, EMEA Product Manager at Capital Safety commented: “Safety and functionality are of limited use if harnesses cause the user discomfort. Having real industry experience means we understand issues workers face day in day out. We have developed the lightest-wearing harness in the industry to address the needs of our end user.”last_img read more

EHF CL Round 6 Horvat broke ambitious SG Flensburg

C.O Zagreb handballZlatko Horvat Again outstanding performance of C.O Zagreb’s right wing, Zlatko Horvat (10/10) gave a wings to Croat champion, C.O Zagreb to beat the biggest rival for the second place in Group D of the Champions League, SG Flensburg 31:26 (14:12). In front of 9.500 home spectators in “Arena Zagreb”, Croats made higher win than three goal difference, what was the score of the first match with a Germans, seven days earlier – 28:31.Ciudad Real has no problems with Bosna Sarajevo 32:17.At Thursday, Sankt Petersburg celebrated second win in the Champions League against HCM Constanta 29:26.1. Ciudad Real 6 – 112. Flensburg-Handewitt 6 – 83. Croatia os. Zagreb 6 – 84. Sankt Peterburg 6 – 45. Constanta 6 – 46. Bosna Sarajevo 6 – 1 ← Previous Story EHF CL (Round 6): Kadetten and Medvedi wins as a visitors Next Story → Seriously injured Nikola Kojić (video) read more

Womens EHF CL Qual FTC IN – Zajecar Bera Bera and Metalurg

← Previous Story Germans ashamed by young Serbs! Next Story → ASOBAL (Round 3): Third defeat in a row for Valladolid! Five more places left in the Women’s EHF Champions League Group phase. One team is already known, that is Hungarian FTC Budapest who was clearly better then IUVENTA in two matches – 40:26 and 31:22.Semifinals tournaments:Byasen – Metalurg 29:19Buxtehuder – Dalfsen 34:31Final – Byasen – BuxtehuderCluj Napoca – Muratpasa 34:26Rostov – Zajecar 29:28Final – Cluj :  RostovViborg HK – Bruhl 30:14Bera Bera – Gdynia 22:31Final – Viborg : GdyniaWild Card:Leipzig – Issy 21:16Zvezda – Leipzig 26:21Issy Paris – Zvezda (Sunday) Bera BeraBruhlClujmetalurgRostovViborg HKWomen’s EHF CL 2012/2013zajecar

Say What Some of the mad things public figures are saying about

first_imgFROM FEELING BAD for Westlife’s Shane Filan to comparing it with a death in the family, the reaction to the cancellation of Garth Brooks’ five Dublin concerts has arguably been somewhat hyperbolic.We’ve been taking a look back at some of the boldest statements that have been made over the past 17 hours, since Aiken Promotions confirmed that tomorrow will, indeed, never come.Fianna Fáil were out of the blocks first, calling it a “bad day for Ireland Inc”, and ready to place blame on a variety of people.  Remember when Garth Brooks was happy to play on top of a minibus in Bray? Source: Niall Carson/PA Archive/Press Association ImagesLabour TD Aodhán Ó Ríordáin went back to teacher mode:The ultimate cancellation of all five concerts has highlighted a number of problems surrounding the use of Croke Park as a venue for outdoor concerts. I believe that huge lessons need to be learned from all sides.Junior Minister Joe Costello is laying the blame solely on the artist:It is difficult to understand why Mr. Brooks made the decision to have no concerts at all, when he was refused only two of the five consecutive concerts sought on the grounds that more than three would be “unacceptable” and “unprecedented.”  His determination to have “five or none” smacks of petulance and arrogance, with scant regard for his paying fans.Mediator Kieran Mulvey told the Irish Independent that the debacle will be world news:It will be used against us by competing tourist and concert authorities in the future. It will be spun against us. We’ve got an infinite capacity to score own goals. Open thread: What do YOU think about the Garth Brooks concerts being cancelled? Promoter Peter Aiken is inconsolable, telling Morning Ireland today that it was embarrassing for him. Last night, he said:It’s the right decision. We are devastated; it was going to be the biggest musical event, there will never be another artist in my lifetime that’s going to do 400,000 tickets… All FIVE Garth Brooks concerts have been cancelled There’s a LOT of leftover Garth Brooks merchandise still for sale What do you do now if you have a Garth Brooks ticket? GAA and Croke Park had no indication that Garth Brooks concert licence would be refused He is devastated, he’s down for millions in this deal, if it was any other artist maybe they’d say let’s play the three and recoup some money. He was in it for millions.Senator Averil Power is now worried about our Rugby World Cup.With 70,000 overseas ticketholders left disappointed by the cancellations, our reputation as a tourist destination and location for major international events has also been massively damaged. This couldn’t have come at a worse time ahead of Ireland’s bid for the Rugby World Cup.center_img No one should be in any doubt about the damage that has been done here. Ireland is a country that has worked very hard over many years to promote itself as a tourism venue, and until recently we used to understand very well the marketing power of music events packaged under the ‘Live in Dublin’ brand. With this debacle we have shot ourselves in the foot in a pretty spectacular way. This is a bad day for Ireland Inc. Timeline: Garth Brooks at Croke Park – from sold-out to cancelled Taoiseach: Garth Brooks cancellation a shock to the economy and our reputation It did not have to come to this.The Taoiseach was compelled to talk about it in the Dáil, claiming the concerts could have been worth a quarter of a billion euro. That remark, although nobody is quite sure where the figure came from, is now being quoted by international media. Source: Hugh O’Connell/YouTubeDublin Mayor Christy Burke took it to an extreme on the Six One news last night.This, to me, is like a funeral without a corpse. There’s a sadness throughout the nation. All these mammies have lost their birthday presents thanks to Garth Brooks I feel so sorry for the fans who booked hotels, booked flights. I feel so sorry for the young men and women expecting catering and other jobs. Boyzone manager, X Factor judge and general pop music aficionado Louis Walsh asked 2FM’s Colm Hayes if it was an April Fool’s joke:It’s not funny because there are 400,000 disappointed… Everyone is going to suffer because of somebody, somewhere, with red tape.He also was very much on the side of Peter Aiken and Garth Brooks.I think it is really, really bad for Ireland. We’re supposed to be a friendly nation… I think it is very unfair that a handful of people can hold a country to ransom.Walsh also referenced Bob Geldof, adding he may have been right about the Banana Republic. Finally, let’s spare a thought for Westlife.Shane Filan was meant to be supporting. He’s so disappointed. He’s the most disappointed of anybody I know.Read more of our Garth Brooks coverage: 11 of the best Twitter reactions to Garth Brooks pulling the pluglast_img read more

Property prices continue to slide

first_img“The property market’s recovery is expected to be relatively delayed, as it mainly depends on a normalisation of the taxation regime, but also on the restoration of confidence in the prospects of the economy’s recovery and growth, on a steady strengthening of household incomes and a significant rise in stable employment,” Alpha Bank’s analysts said in its weekly economic bulletin.“Overall, the significant slowdown in the downward trend for apartment prices in the first half of 2014 also signals a slowdown in prices for the year as a whole, at around -6.3 per cent. The prospects of apartment prices stabilising are significantly strengthened from 2015, particularly if the forecast for real GDP growth of 2.9 per cent proves correct,” the report continues.Despite the steep drop in prices and the significant number of homes for sale – often at prices below the actual value – transactions continue to dwindle, as sellers have begun anticipating that the value of their property will not fall any further, while buyers appear to be expecting a further slide, according to the report.The average waiting period before houses are sold was estimated at about a year in the first months of 2014, against around five months in 2009. The number of transactions carried out with the help of banks fell to 3,003 in the second quarter of 2014, from 4,008 in the first quarter and 5,121 in the second quarter of 2013.Such figures contrast dismally with 148,100 in 2007 and 30,900 in 2012.Rents recorded a cumulative rise of 42.9 per cent in the 2000-11 and began falling in 2012 (-2.1 per cent), while the slide gathered pace in 2013 (-6.8 per cent) and the first half of 2014 (-8.9 per cent, y-o-y). However, the pace of decline in rents slowed down to 7.3 per cent on an annual basis in July from 9.7 per cent in January.Alpha Bank draws attention to the fact that the prices of prime real estate for business premises have stabilised this year and the forecasts for upmarket properties in the tourism sector are even more positive due to the tourist boom.On the whole, the market continues to be marked by especially low demand and excess supply.Source: ekathimerini Facebook Twitter: @NeosKosmos Instagramlast_img read more

The Texas Tribune Furthers Its Commitment to Journalism

first_imgExpanding geographically is only one part of “The Trib’s” growth story. Smith says that data-driven journalism has always been a big piece of its content strategy. In fact, he says that its data team is bigger than ever.”It allows us to expand the ways we tell stories,” he says. “The people we reach are very sophisticated about the world we live in and they want to know more. If you give them shallowness they run from us.”But looking ahead, Smith indicates a big initiative will be looking at internal data. “We are engaged in a massive project. We are deploying all of our available talent to grow the audience we want and engage the audience we have.”Currently, its donor members account for about $750,000 of its overall revenue, which tops out at just under $7 million. Smith says that membership tiers range from $10 to thousands of dollars. But he makes it very clear that The Trib’s model is not like public radio or other nonprofit media. “We don’t do tote bags or Three Tenor DVDs because we aren’t in the fulfillment business,” he quips. “We aren’t in any other business other than journalism. If you know what you are everything is a lot easier.”Events are big for the organization, and getting bigger. Averaged out, The Trib hosts an event almost every week, which are all free to attend, save for its three-day festival. “Our events are wonderful for content and engagement and this year will be about $1.4 million in revenue for us,” Smith says. “All but about $150,000 [festival ticket sales] is coming in from sponsorships.”Corporate sponsors are the real bread and butter for the organization and Smith insists they are the reason his team is able to focus on journalism. Still, it’s reasonable to question when looking at some of its donors if there are outside influences pushing down on the organization. When asked, Smith says it’s valid to question what a sponsor like Exxon or WalMart gets out of donating, but he makes it clear that all they get is a tax letter and thank you note. “If they tried to influence us we would give them their money back,” he says. “The only people we are beholden to are the people of Texas. In no way do they pollute or corrupt our content. It’s not in their best interest because people will see right through it.”Transparency is a critical attribute for The Trib. So much so that anyone can access donor information-in real time. Smith believes it is critical to lay it out there because, all things considered, the organization’s integrity is its best asset. As The Texas Tribune creeps up on its fifth anniversary, the nonprofit political news organization doesn’t have any signs of slowing down. The organization recently announced a D.C. bureau expansion that will allow it to cover policy that impacts the state and follow the 38 House and Senate leaders who represent Texas. The D.C. expansion was made possible by a $350,000 grant from the Hewlett Foundation. Evan Smith, editor-in-chief, expects that getting just one dedicated contributor on the ground there will open up a “fire hose of material.” When asked if one contributor will be enough, he said he believes it will be, but he will have to wait and see. The D.C. bureau will be the second location expansion for the organization. Due to its in-depth coverage of border control and security, the Austin-based publication also staffs a dedicated reporter in El Paso, thanks in part to the Ford Foundation, who provided a grant.last_img read more

Fast Company Editor Leaving After 12 Years People on the Move

first_imgAfter his departure early next year, the current editor of Inc., Eric Schurenberg, will become the sole editorial and business head of both brands.“Both of these brands have a special place in both the marketplace of ideas and the larger media marketplace,” said Safian. “I hope my team at Fast Company continues to expand their presence and their impact.”Here are the rest of this week’s people on the move…Laura SchockerApartment Therapy has tapped Laura Schocker (pictured) as its new editor-in-chief, overseeing the development of new verticals for the company. Shocker joins the publication from, where she most recently served as digital director.David Jackson has been appointed senior vice president and director of advertising & marketing for TV Guide magazine. Previously, Jackson served as EVP, group publisher at American Media for Men’s Fitness and its celebrity entertainment group, including Star, Ok! and RadarOnline.International Data Group, Inc. (IDG) has announced that Charles Lee will assume the role of president, U.S. IDG Communications, Inc. while York von Heimburg has been named president, International IDG Communications Inc. Previously, Lee served as president of IDG’s Global Strategic Marketing Services group, while Heimburg adds his new role to his current position as CEO and President of IDG Communications Media AG in Germany.Evelyn Webster, interim CEO of Guardian U.S. since January, is now its permanent CEO, also overseeing Guardian Australia. Webster formerly led U.S. operations for Time Inc.’s magazines.Alison Victoria has joined Sophisticated Living Media Group as the new owner and publisher of Sophisticated Living Chicago magazine. Victoria serves as the host of HGTV’s “Windy City Flip” and president of Alison Victoria Interiors.Dan Cruz, formerly VP of Public Relations at Competitor Group, is leaving the organization after almost 10 years.The Fader and Cornerstone have hired Artesia Balthrop as an executive producer. Balthrop formerly served as a supervising producer, marketing/brand creative at Vh1.Wired has named Wonbo Woo executive producer of video and Louise Matsakis a staff writer. Most recently, Woo worked as the Broadcast Journalist-in-Residence at the CUNY Graduate School of Journalism, while Matsakis joins Wired from Vice’s Motherboard, where she served as editor.Rose Pastore has joined Gizmodo as its science editor. Pastore formerly served as an associate editor at Fast Company.Finally, Time has announced a series of promotions and hires:Hires:Katherine Pomerantz has been named director of multimedia. Pomerantz formerly worked as photo editor for ABC News among other outlets.Sam Lansky has returned to Time from Spotify to become West Coast editor.Suyin Haynes has joined Time’s staff in Hong Kong as associate audience Editor. Suyin started as an intern in the London bureau.Sophia Gottfried has joined Time as assistant audience editor. Gottfried most recently worked as a staff writer at The Record and Marya of the Fortune staff has joined the news desk as a news editor. Marya was most recently an editor at DNAinfo in New York.Jamie Ducharme of the Fortune staff joins the news desk as a reporter. Ducharme was most recently the health editor at Boston magazine.Promotions: Julie Shapiro has been promoted to deputy editor of Knierim has been promoted to director of editorial operations.Andrew Katz has been named deputy director of multimedia.Brittany Robins has been named deputy director of audience strategy for the News Group.Alice Park has been promoted to senior writer.Alex Fitzpatrick has been named deputy director of news.Liz Murray has also been named deputy director of news.Mandy Oaklander has been named editor of the Time Inc. Health Digital Desk.Ashley Hoffman has been promoted to newsfeed editor.Michael Zennie has been named senior editor, working on the news desk.On the video team:Chris Grasinger has been named senior producer.Arpita Aneja has been named producer.Julia Lull has been named producer.In the Washington bureau:Nash Jenkins, who became staff writer last winter, will cover Congress.Justin Worland has joined the Washington bureau where he adds the EPA to his coverage of climate and the environment.Kate Samuelson has been named a reporter.Talia Avakian, a reporter at Travel + Leisure, joins the news desk as a reporter. Robert Safian, who has been editor of Fast Company magazine for the past 12 years, is leaving the publication to pursue new opportunities.“Fast Company is a franchise all about change, and I have reached a point where it’s become clear that it’s time for me to make a change, too,” Safian told Adweek.“For any kind of media brand, the brand is the people,” he said. “Media companies have to build from scratch every day, and even though you’re only as good as your next story, it’s all about the people.”last_img read more

Deciphering AO37 Anchorages Labor Law

first_imgAnchorage’s controversial labor law, commonly referred to as AO-37, will be on the ballot this November. The mayor and his administration want you to vote yes to keep it. The municipal unions want voters to get rid of it. Download Audio:AO-37 is also called the Responsible Labor Law. The version that passed in 2013, and that the Assembly tried to repeal twice, is 36-pages long. Tucked into the endless verbiage, deletions, and changes, four points jump out.Mayor Dan Sullivan said one of the goals of AO-37 is to make the municipality more efficient and save money by standardizing benefit packages, overtime pay and holiday schedules.“When you’ve got department heads trying to manage a workforce and that workforce has different holiday schedules, different definitions of overtime, different benefit packages, it gets really difficult to manage that workforce,” he explained.Sullivan said standardization makes the costs of union contracts more transparent to taxpayers as well, though all union contracts are already posted on the municipality’s website.Another major change from the original 25-year-old labor law is the elimination of all pay incentives. Unions can no longer bargain for increased pay for specialized training or for earning a college degree. The mayor said the incentives don’t provide any benefits to the city.Police Sgt. Gerard Asselin explained those pay incentives aren’t just bonuses, they’re necessary for recruiting top quality candidates to do things like join SWAT teams or develop critical thinking skills through higher education.“I would suggest to you that what we’re doing is failing to recognize the additional work responsibility, liability that people take on over and above the average job,” he said referring to tasks like training new officers or repairing specialized equipment.Asselin argued incentives are needed to balance quality of life issues, like being called to work on holidays. He said not all of the incentives are monetary, which brings us to point three: management rights.Asselin said it’s easier to work a dangerous 24/7 job, like being a cop, when you know you have a say in when you work. Even though he knows he could get called out at any moment, he said, controlling his overall schedule gives him way to balance work and home life.AO-37 takes away that right and gives it to management. Sullivan said that’s how it works in the private sector, and it should be the same in government.“What’s the definition of management?” the mayor asked. “You manage your workforce. What does managing your workforce mean? It means you decide what shifts, what schedules, who gets assigned what work at what time. That’s what management does.”Sullivan said the decisions would stay with department heads. Asselin said previous and present administrations have tried to override department scheduling decisions.Finally, AO-37 prohibits strikes and binding arbitration. If the administration and the unions can’t reach an agreement during negotiations or mediation, an arbitrator will choose between the two sides’ last best offers. Then the Anchorage Assembly will vote on it. Asselin said it’s not fair to the employees.“Under AO-37 it creates a structure where the municipality can start with something that’s completely unreasonable, stick with it through out the entire process, go to an arbitrator, and if a super majority of the assembly doesn’t approve it, it goes back to the management’s last best offer,” he explained. “So there’s no compelling interest to bargain in good faith when you hold all the cards and in the end, you get exactly what you want.”Sullivan said the new process puts the decision into the hands of the locally elected Assembly instead of an arbitrator from outside. He said Anchorage residents can vote assembly members out of office if they don’t agree with their decisions. Those elections happen in April.The decision to vote AO-37 on or off the books happens on November 4th.last_img read more

Indias small to midsized renewable energy firms fighting consolidation wave

first_imgReutersSmall to mid-sized renewable energy companies in India are starting to look like attractive takeover targets as lenders and investors withhold funds, worried by the stiff competition, weak bond markets, low tariffs and high debt besetting the sector.The small companies’ difficulty in raising cash is keeping them away from government power project auctions, restricting their growth and crippling their ability to refinance loans, said a consultant from a top global consultancy firm.With many smaller operators being gobbled up or offering themselves for sale, the number of projects being developed could fall, potentially keeping India from its renewable energy targets, said the consultant, who did not wish to be named as he is directly involved with a company that canceled a bond issue.”India’s solar industry is becoming a big boys’ club,” said Rahul Goswami, managing director of Greenstone Energy Advisors.In a few years, there may be only a few big companies and a few regional firms active in India’s renewable sector, he said.The trend goes back at least to 2016, when Tata Power bought solar and wind company Welspun Renewable Energy, but the pace is expected to pick up.”Smaller players are being squeezed out … due to two main factors: the cost of equipment and … financing”, said Alok Verma, executive director at Kotak Investment Banking, an arm of Kotak Mahindra Bank.One of India’s largest renewables companies, Greenko Group, said in June that it was buying 750 megawatts (MWs) of solar and wind assets from Orange Renewables, because the Singapore-based company saw few opportunities for growth. The deal has yet to be closed.Essel Infra, with a renewable power capacity of 685 MWs, and Shapoorji Pallonji Group’s 400-MW solar arm are also in talks to sell off their assets, one firm and two banks doing the due diligence for these companies have said.Besides loans, other funding options have also been dead ends for the smaller companies, further limiting growth opportunities.ACME Solar postponed an initial public offering (IPO) announced in September last year as the proposed share issue did not generate enough interest from investors, confirmed a banker who was directly involved in the listing attempt.Mytrah Energy, a major mid-sized renewables company, called off a $300 million to $500 million bond issue earlier this year as that option also went dry for the sector, and it canned IPO plans as well, said a separate banker directly involved there.The companies have all declined to comment.This dearth of financing and trend towards consolidation could be a significant threat to India’s target of 175 gigawatts (GWs) of renewables capacity by 2022, up from 71 GWs now, some analysts said.Others said a concentration of bigger players, with more cash and better financing, could mean things move faster.”Consolidation in the renewable energy industry augurs well for the overall success of the program … Large players have access to required capital at reasonable rates and can procure the latest technology,” said Debasish Mishra, head of Energy, Resources and Industrials at Deloitte Touche Tohmatsu India.Tata Power, one of India’s largest power generators, said in May it plans to invest $5 billion to increase its renewable capacity in India fourfold over the next decade to 12 GWs.More than doubling India’s renewables capacity by 2022 will require $76 billion, including debt of $53 billion, the Ministry of New and Renewable Energy said in July.THREAT TO GROWTH?Another problem in India’s renewable sector is debt.”Many mid-sized firms have taken debt to fund their equity,’ the partner of an investment firm said, adding that many such companies will need financial restructuring or have to put themselves up for auction.This model of financing debt through equity is called mezzanine financing and tends to involve high-interest rates and an option to convert debt to equity in the future.Both ACME and Mytrah are funded by Piramal Finance Ltd via mezzanine financing, according to statements by the companies at the time of funding.For lending banks, this quasi-equity is seen as debt, making the liabilities of these companies look higher than usual, said the partner, who asked not to be named. The investment firm handles all kinds of financing, including mezzanine.When companies with mezzanine financing go to banks for funds for upcoming projects, banks ask them for higher collateral or offer less cash in loan, said Kotak’s Verma.Fitch Solutions said in a note last week that India would likely miss its renewable capacity targets due to “risks stemming from bureaucratic, financing and logistical delays.”last_img read more

Indias death toll grows amid outbreak of brain f

first_img India’s death toll grows amid outbreak of ‘brain f … September 20 , 2018 Angered by Washington’s refusal to exempt it from new steel and aluminum tariffs, New Delhi decided in June to raise the import tax from August 4 on some U.S. products, including almonds, walnuts and apples. The Indian government later delayed imposing the tax until Sept 18, but with negotiations ongoing it has now decided to postpone again.Earlier this month India and the U.S. signed an accord on secure military communication. The agreement had been stalled for years because of India’s concerns that it would open up its communications network to the U.S. military.Separately, Trump escalated his trade war with China on Monday, imposing 10% tariffs on about US$200 billion worth of Chinese imports. World’s leading lemon exporter gains access to Ind … Avocados “increasingly favored” in India, says IG … center_img You might also be interested in India: Maharashtra grape growers to organize marke … India has further delayed the implementation of higher tariffs on agricultural imports from the U.S. to Nov. 2, according to a government order that put off for a second time retaliatory action against U.S. import tariffs on steel and aluminum.India’s decision to further delay comes as the two countries negotiate a package to remove trade frictions over a range of items, Reuters reported.last_img read more

Helios relatives to mark 12 years since crash

first_imgRelatives of the 121 Helios victims were due on Monday to visit the site where the plane went down at Grammatiko in Greece on August 14, 2005 for the annual memorial services to mark the 12th anniversary of the crash.At the site where the Helios Airways Boeing 737 crashed, in Grammatiko, a small chapel was erected dedicated to Virgin Mary where the annual memorials for the 121 victims take place.On the morning of August 14, 2005, a Helios Airways Boeing 737 took off from Larnaca for a scheduled flight to Athens, in transit to Prague, its final destination.Aboard the plane were 115 passengers, 103 Cypriots and 12 Greeks, on their way to their summer holidays, and a crew of six.A lack of oxygen incapacitated the crew mid-flight, leading to the eventual crash of the aircraft, after it ran out of fuel, into a mountain at Grammatiko, some 40 kilometres north of Athens.The lack of oxygen was triggered by the failure of a ground engineer running a pressurisation test prior to take-off to reset the pressurisation system’s setting to ‘auto’ from ‘manual’, investigators later found.With 121 fatalities, the Helios crash was the deadliest aviation disaster in Cypriot and Greek history.You May LikeFigLeaf Beta AppHow to Become Fully Anonymous Online in Less Than 3 Minutes? Better safe than sorryFigLeaf Beta AppUndoYahoo SearchResearch Compact SUVs. New SUVs May Make You Want To Trade Yours In Today – See For Yourself!Yahoo SearchUndoGundry MD PrebioThrive Probiotic SupplementCardiologist: This Is What Happens To Your Body When You Eat GlutenGundry MD PrebioThrive Probiotic SupplementUndo Pensioner dies after crash on Paphos-Polis roadUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img read more

Fitch says medium term debt drop unaffected by Coop

first_imgBy Stelios OrphanidesFitch Ratings said that the sale of the Co-op’s operations to Hellenic Bank and the related increase in government debt will not alter the public debt’s reduction over the medium term from this year.The issue of €3.2bn in government bonds on Friday in favour of the bailed-out lender against an equal amount in government deposits, will result to an increase in the public debt by 16 per cent of gross domestic product (GDP), Fitch said in a statement on its website on Wednesday.The issue of the bonds was part of the agreement signed by Hellenic Bank and the state-owned lender which provides for the transfer of the healthy operations of the bailed-out Co-op, which will increase Hellenic’s balance sheet by €10.3bn.The maximum potential losses covered by the asset protection scheme issued by the government in favour of Hellenic as part of the agreement, “are estimated €155m over 12 years,” Fitch said. “The Ministry of Finance believes these costs, if realised, would be met by a guarantee fee paid by Hellenic Bank to the government, and by income generated by the residual entity”.Cyprus saw its public debt fall to 97.5 per cent of economic output in 2017 from 106.6 per cent the year before, after peaking at 107.5 per cent in both 2014 and 2015. Fitch upgraded Cyprus’s sovereign credit rating in April to BB+ and placed it on positive outlook which is still one notch into the speculative area. The residual entity of the Co-op which will remain under government ownership consists mainly of €7bn in loans, the vast majority of which are non-performing. On June 29, Fitch placed Hellenic Bank’s B rating on rating watch positive.“The new bonds mean debt to GDP will rise to 110 per cent this year from 97.5% at end-2017,” Fitch said adding that the increase exceeds their April forecast by 6 percentage points.“But we still forecast debt to GDP to fall back below 100 per cent within our rating horizon, albeit one year later, in 2020, as Cyprus continues to achieve fiscal surpluses and strong economic growth supports revenues,” the rating company said. “These debt dynamics provide a degree of fiscal headroom to absorb some materialisation of contingent liabilities from the banking sector, as we commented when we upgraded the sovereign”.“Moreover, by retaining most of (Cyprus Cooperative Bank’s) non-performing exposures (NPEs) in the residual entity, the transaction will reduce banking sector NPEs by €5.7bn and bring the NPE ratio to 37 per cent from 44 per cent,” Fitch continued citing the ministry of finance.While this figure is still high compared to an EU-average of 4 per cent, it is expected to help clean up the balance sheets of banks plagued by an “exceptionally weak asset quality” which in turn undermines economic stability and growth and makes further credit rating upgrades less likely, it said.Fitch added that its fiscal forecasts include the cost of Estia, the government scheme announced by the government to subsidise repayment of loans with a primary home as collateral, is expected to have a fiscal impact of 0.25 per cent of economic output and total €814m over 25 years.While a bundle of laws passed by the parliament on July 8, overhauling the insolvency and foreclosure framework to help banks address strategic default, have helped reduce delinquent loans in other European counties, in the case of Cyprus, the pace of progress will depend on effective implementation.You May LikeCollegeBuzzo9 Worst Colleges And Universities in AmericaCollegeBuzzoUndoIdealHer6 Delicious Foods to Detoxify Your BodyIdealHerUndoVitaminews15+ Surprising Foods That Naturally Unclog Arteries Like MagicVitaminewsUndo Property owners price themselves out of the marketUndoState Legal Service condemns attack on attorney-generalUndoCypriot ambassadors gather in Nicosia for annual briefingUndoby Taboolaby Taboolalast_img read more