Barclays boss Jes Staley said: “As the UK leaves the transition period at the end of this year, it faces into a more unstable and fragmented global world order than we have seen for some decades.” “While I feel confident that the UK will remain internationally competitive, with strong regulatory standards and a stable legal system, it has choices to make about the UK’s framework governing its capital markets that will have ramifications for generations to come and faces new challenges made more acute by Covid-19.” The EU 27’s share of the market has shrunk by a third between 2006 and 2018, while Asian markets leapfrogged and increased their share from 18 per cent to 28 per cent. whatsapp A key issue Britain will need to grapple with is the ever-growing influence of Asia in global banking and financial markets. whatsapp Share TOPSHOT – Postcards featuring the World War II British slogan “Keep Calm and Carry On” are seen outside a newsagents in London, on 24 June, 2016. – Britain voted to break away from the European Union on June 24, toppling Prime Minister David Cameron and dealing a thunderous blow to the 60-year-old bloc that sent world markets plunging. (Photo by LEON NEAL / AFP) (Photo by LEON NEAL/AFP via Getty Images) Also Read: UK can be a ‘free agent’ in financial markets after Brexit, says think tank Monday 19 October 2020 9:41 am TOPSHOT – Postcards featuring the World War II British slogan “Keep Calm and Carry On” are seen outside a newsagents in London, on 24 June, 2016. – Britain voted to break away from the European Union on June 24, toppling Prime Minister David Cameron and dealing a thunderous blow to the 60-year-old bloc that sent world markets plunging. (Photo by LEON NEAL / AFP) (Photo by LEON NEAL/AFP via Getty Images) UK’s competitiveness Recent research shows that London has been an attractive destination for investors even despite Brexit uncertainty. London fintechs have secured $3.6bn in venture capital this year alone, with more than half coming from US investors. New Financial has suggested a commission to review the UK’s competitiveness before the UK “rethink and in some areas recalibrate” the UK framework. As part of this the UK would introduce a moratorium on substantial divergence from the EU framework for at least a year after Brexit to give firms a chance to adjust. UK can be a ‘free agent’ in financial markets after Brexit, says think tank TOPSHOT – Postcards featuring the World War II British slogan “Keep Calm and Carry On” are seen outside a newsagents in London, on 24 June, 2016. – Britain voted to break away from the European Union on June 24, toppling Prime Minister David Cameron and dealing a thunderous blow to the 60-year-old bloc that sent world markets plunging. (Photo by LEON NEAL / AFP) (Photo by LEON NEAL/AFP via Getty Images) Also Read: UK can be a ‘free agent’ in financial markets after Brexit, says think tank Angharad Carrick The report predicts that the UK will be a significant “free agent” and can use its expertise in areas like derivatives, trading and fintech. But over time divergence is inevitable, particularly in prudential supervision. As negotiations continue in the next few weeks and Bois Johnson steps up his no-deal rhetoric, the UK’s banking and finance industry is in for a seismic change. As with trade deals, New Financial has called for bilateral initiatives with key markets such as the US, Canada, Singapore, Australia, China and India. Just under 40 per cent of the UK’s trade in financial services is with the EU. While this backdrop is challenging, the report claims Brexit provides an opportunity to develop these trading relationships. Tags: Brexit Coronavirus A report by think tank New Financial in association with Barclays has set out recommendations in how the industry can best respond to Brexit. Show Comments ▼ The UK can be a significant “free agent” in the global banking and financial markets once Brexit is over, a new report claims.
Education | University of AlaskaUAS names Oxford scholar as new dean of Arts and SciencesMay 9, 2018 by Adelyn Baxter, KTOO Share:Thomas Thornton is the incoming dean of the UAS School of Arts & Sciences and vice provost for research and sponsored programs. (Photo courtesy University of Alaska Southeast)The University of Alaska Southeast Wednesday named Thomas Thornton as the new dean of its School of Arts and Sciences and vice provost for research and sponsored programs.Thornton is a renowned researcher who currently teaches at the University of Oxford in the United Kingdom. He previously lived in Juneau and taught at UAS.Thornton’s fields of study include human ecology and anthropology. He received his bachelor’s degree from Swarthmore College and his master’s and Ph.D. from the University of Washington.He has published numerous works related to Alaska Native culture and traditions, among other topics.When he starts on July 1, Thornton will lead the School of Arts and Sciences’ four academic departments.Paula Martin had served as interim dean since last summer.Share this story:
As the investigation into the grounding of the Ever Given in the Suez Canal begins, the vessel’s Japanese owner, Shoe Kisen, this morning declared General Average.And a customer circular from Evergreen, seen by The Loadstar, confirms that Shoe Kisen this morning appointed Richard Hogg Lindley as adjustor.For the vessel, now at anchor at the Bitter Lakes area undergoing technical inspections, a possible date of departure to ports of discharge has yet to be set.And while there is no reported damage to the cargo, and that to the vessel appeared to be minimal, the cost of the salvage operation, which ultimately required 11 tugs and two dredgers, as well as possible compensation claims from a variety of interests such as the Suez Canal Authority or shipping companies caught up in the backlog, could amount to a sizeable bill.In addition, it remains unclear whether there will be a separate salvage claim from the vessel’s salvors.While the backlog of vessels waiting to transit Suez is now expected to be cleared over the next couple of days, shippers and freight forwarders with cargo on the Ever Given could be in for a long wait for it to be released.The problem for cargo interests, according to insurance sources, is that the cost of the casualty to its owners is likely to take some time to determine, if it involves claims from other parties, which means the adjustors will remain unable to fix the level of the general average and salvage securities.The last time General Average was declared was following the 2018 fire on board the Maersk Honam. After declaring GA, the adjustor fixed the salvage security at 42.5% of cargo value and 11.5% as a GA deposit – this meant a shipper with a cargo worth $100,000 needed to pay a combined deposit of $54,000 to get its cargo released.This leaves shippers with uninsured cargo highly vulnerable to losing it, as the owner can hold the goods under lien until the deposit is paid. Shippers with insured goods will have those deposits covered by their insurers.According to panellists on a recent webinar on container casualties, held by the London Shipping Law Centre, GA is only declared in incidents which have incurred an extraordinary loss – the general rule of thumb being a loss of over £10m on a ship of 15,000 teu or bigger. © Cnes 2021, Distribution Airbus DS. By Gavin van Marle 01/04/2021
Council Pinterest WhatsApp Twitter By LaoisToday Reporter – 3rd February 2018 New appointment to the LaoisToday team Previous articleLIVE BLOG: Laois hurlers take on Galway in Allianz Hurling LeagueNext articleUnfortunate Laois push All Ireland champs all the way LaoisToday Reporter Laois County Council team up with top chef for online demonstration on tips for reducing food waste Bob Flavin has joined the LaoisToday team in a Sales and Marketing role LaoisToday are delighted to announce a new addition to our team.Bob Flavin has joined the business in a Sales and Marketing role and brings with him a wealth of media experience.“Bob is extremely digitally savvy and we’re very excited about what he is going to bring to us,” says Steven Miller, owner and managing editor of LaoisToday.“He will be primarily working in developing and selling our advertising services as we look to build on a very promising first year in business.“This week marks a year since the LaoisToday site went live for the first time and we’ve built up a massive audience and social media following.“How people access news has changed hugely in recent times and we’re proud to be offering a quality local service to the Laois community at home and abroad. We’re also looking to provide businesses with new and different ways to advertise online and Bob will be central to that.”Bob owns Ireland’s biggest car YouTube channel delivering car reviews to over 14 million viewers on the platform as well as being the presenter on the All Revved Up show on Midlands 103.If you would like to get in touch with Bob you can email [email protected] or phone 086 3677088.Sean HennessySean HennessyWe are also delighted to welcome Sean Hennessy to the LaoisToday team.Sean, who is from Ballynolan outside Stradbally, is on a six-month work placement with us from the University of Limerick where he is studying English and History.With a huge knowledge of the local sporting, farming and property scenes, Sean has already made a huge contribution since joining in January with a number of his stories appearing in our most read stories each week.SEE ALSO – Looking to advertise on LaoisToday? Then get in touch with one of our team Home Sponsored New appointment to the LaoisToday team Sponsored Laois County Council create ‘bigger and better’ disability parking spaces to replace ones occupied for outdoor dining TAGSBob FlavinLaoisToday Facebook Pinterest Twitter Community Facebook WhatsApp Rugby RELATED ARTICLESMORE FROM AUTHOR Ten Laois based players named on Leinster rugby U-18 girls squad
By Alan Hartnett – 9th April 2018 Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Facebook Scam calls People are being warned over a ‘scam caller’ who is using a Laois number to try to extort money from people.A member of the public received a call this morning from a number using the 057-86 prefix.When the person answered the call, a man with a foreign accent said he was ‘from Windows’ and that there was a problem with the person’s computer. “They have obviously found a way to mirror numbers of local numbers to make what they are doing more plausible.“If you call the number back, it does not work either.“I would be worried for older people who may not be aware of this and could fall for it.”A well-known business in the Athlone area has also got in touch with us to say that they were also targeted this morning.So it also appears these callers are aiming at businesses too and not just the ones in Laois.LaoisToday understands that these people are able to mirror that number by setting it up on Skype.And we also understand the Microsoft will never ring you directly if there is a problem with your computer.SEE ALSO – Well-known Laois physio shows farmers how to avoid injury in new video Community Pinterest Twitter Pinterest Previous articleTwo Laois teenagers released without charge following alleged assaultNext articleCriminal gangs flying in from eastern Europe to rob local businesses Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. WhatsApp WhatsApp Facebook Council TAGSscam Twitter New Arles road opens but disquiet over who was invited to official opening Home News UPDATED: Warning over ‘scam call’ using Laois number News The member of the public, who contacted LaoisToday but wished to remain anonymous, reported the incident to Portlaoise Gardai who are said to be investigating it.The person told us how the call came from 057-8645891 and rang their landline.When the person answered the call, they said: “I am from Windows and I am calling you about a problem with your PC.”But the person was not fooled and after listening to the man for a minute or so, they hung up and alerted Gardai.Speaking to LaoisToday, they said: “I want people to be made aware that this is a scam. Community UPDATED: Warning over ‘scam call’ using Laois number RELATED ARTICLESMORE FROM AUTHOR Laois secondary school announces scholarship winners for new academic year
Toronto stock market dips on weakness in the energy and financials sectors S&P/TSX composite hits highest close since March on strength of financials sector Malcolm Morrison Related news The Toronto stock market looks set for a positive start to the week, at least until a key summit of European leaders that is expected to reveal more about how the eurozone can extract itself from a severe debt crisis. “(There is) definitely some optimism here and I think it could carry over to the beginning of the week,” said Mark Bayko, portfolio adviser for U.S. and International Equities at RBC Dominion Securities. Share this article and your comments with peers on social media TSX gets lift from financials, U.S. markets rise to highest since March Facebook LinkedIn Twitter Keywords Marketwatch The Toronto market finished sharply higher last week, rising 613 points or 5.34% on rising optimism that European officials are moving closer to outlining how they will resolve a worsening debt crisis once and for all. They were further reassured at the end of the week when German Chancellor Angela Merkel said a plan for more effective action to contain the European financial crisis should involve tougher rules against government overspending. She said next the EU summit Dec. 9 would take up ways to enforce compliance and write those changes into EU treaties, which would be a drawn-out process. It’s a fairly light week for economic data but investors will look to the next announcement on interest rates from the Bank of Canada and earnings reports from the banking sector. Fears of more financial turmoil in Europe have left some European banks dependent on central bank loans to fund their daily operations. Other banks are wary of lending to them for fear of not getting paid back. Markets got a much-need boost of confidence mid-week when the world’s biggest central banks including the Bank of Canada moved to improve shaky commercial banks’ ability to borrow U.S. dollars to fund their operations. “It was an important step in the right direction,” said Norman Raschkowan, North American stragetist for Mackenzie Financial Corp. “This is the first real sign that we’ve had since the European debt crisis came to the forefront that the global central banks were starting to work in unison again. And that’s what made it so significant.” The push by Merkel on debt rules is seen as one half of an approach to finally get a grip on the crisis more than two years after it started in Greece. The other half could be more short-term help for other heavily indebted governments from the European Central Bank. Bank President Mario Draghi on Thursday appeared to dangle an offer of new, extraordinary measures if political leaders at the summit can come together on the kinds of spending rules that Merkel and and French president Nicholas Sarkozy are advocating. “Other elements might follow,” Draghi said, fueling speculation that the bank could step up its so-far limited program to buy government bonds issued by struggling countries such as Italy and Spain. That helps keep their borrowing costs down. At the same time, analysts caution against expectations getting too elevated that the eurozone can fix this debt crisis in a matter of a few weeks. “I think every time there is a summit people expect, look for something substantial and are disappointed _ that’s been the pattern,” added Raschkowan. “I think a reasonable expectation, my own expectation is that there will be something substantive put in place by March or April.” Meanwhile, investor attention will be fixed on the Bank of Canada Tuesday, even though the bank is widely expected to leave rates unchanged at one per cent for the foreseeable future amid slowing global economic growth and the uncertainty surrounding Europe’s debt crisis. “The U.S. data has looked a touch better of late but Canada’s job recovery and inflation have cooled and Europe’s problems if anything have worsened since the last time out,” said a commentry from CIBC World Markets. Investors will also take in housing starts data on Thursday and the latest reading on Canada’s Merchandise Trade Balance on Friday. Lastly, traders will take in earnings reports from the last of the big Canadian banks. Bank of Montreal (TSX:BMO) hands in results on Tuesday and National Bank (TSX:NA) reports on Thursday. TD Bank (TSX:TD), CIBC (TSX:CM), Scotiabank (TSX:BNS) and Royal Bank (TSX:RY) reported last week and all beat analyst expectations. However, there was disappointment with outlooks for 2012 amid uncertainty surrounding Europe and low interest rates.
Your wealthy clients will soon pay more for luxury vehicles The Canada Revenue Agency (CRA) is investigating numerous cases of possible criminal tax evasion and auditing hundreds of taxpayers as part of its effort to crack down on international tax avoidance. Federal revenue minister Diane Lebouthillier said in a news release that the CRA is carrying out more than 750 audits and investigating 20 possible criminal tax evasion cases in connection with offshore tax havens. These efforts follow the government’s recent pledge to root out offshore tax evasion and aggressive tax avoidance with measures such as increased collaboration with authorities in other countries, an increase in auditing resources and new information-gathering tactics. The CRA says that it has launched several ongoing audits and is pursuing criminal investigations in some cases stemming from revelations in the Panama Papers. It has recently executed search warrants, received some of the information requested from a Canadian financial institution and notes that it is expecting more information later this fall. Additionally, a review of international electronic funds transfers of amounts greater than $10,000 has sparked 60 audits, it says. Another 180 audits have been launched in response to tips received through the Offshore Informant Program (OTIP), which may pay for information on tax evasion. The CRA says that, as of July 31, it has received 868 calls and 361 written submissions from potential informants. The CRA also expects to start hiring tax professionals this fall to focus on offshore tax evasion and aggressive tax avoidance. “These individuals will assist in auditing high-risk multinational corporations and unraveling complex offshore schemes to crack down on tax cheats, a strategy that will collect an estimated additional $500 million in revenue over five years,” according to the release. Lebouthillier also highlighted Canada’s participation in the Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC), which aims to cooperate with 30 foreign tax administrations to coordinate tax compliance, and said Canada will continue to collect and share an increasing amount of data. “Hiding income and assets in foreign jurisdictions to avoid paying taxes is a serious issue that robs all hard-working Canadians of important services. By increasing our collaboration with our international partners, Canada is taking an active role in ensuring a fairer tax system, where tax cheats face consequences for their actions. This government has promised to pursue tax cheats and with the help of our international partners and concrete action at home, I can say that we are closing in on them,” said Lebouthillier. Photo copyright: ltjf/123RF CRA wins court decision forcing roofing company to give over customer records CRA assesses nearly $60 million under offshore tax informant program Keywords Tax evasionCompanies Canada Revenue Agency Share this article and your comments with peers on social media Related news Facebook LinkedIn Twitter
RelatedNational Health Services Fee Regulations to be Revised FacebookTwitterWhatsAppEmail Cabinet has given its approval for the National Health Services Fee Regulations (1999) to be amended. Minister of Information and Development, Donald Buchanan made the disclosure at yesterday’s (May 21) post-Cabinet press briefing, which was held at Jamaica House.He pointed out that the amendment was in keeping with Prime Minister, Portia Simpson Miller’s announcement in her budget presentation, that all hospitals fees for persons up to 18 years old would be abolished on May 28.“The amended regulations will provide for fees for children from birth to 18 years old charged in hospitals, with the exception of the University Hospital of the West Indies, to be abolished in terms of registration, pharmacy, x-ray, laboratory, operations and surgeries among other services,” the Information Minster elaborated. “This will pave the way for our children below the age of 18 who are registered under the public health service institutions to receive these free medical services.We regard this as a very significant development in terms of ensuring that there is the requisite medical care for all our children irrespective of all their financial circumstances,” Mr. Buchanan stated. Advertisements RelatedNational Health Services Fee Regulations to be Revised RelatedNational Health Services Fee Regulations to be Revised National Health Services Fee Regulations to be Revised UncategorizedMay 23, 2007
Coronavirus vaccine for UK nationals living in Czech Republic We are aware that some British nationals have experienced issues when trying to register for a COVID-19 vaccine in the Czech Republic. These were mostly caused by the fact that the online booking system originally required a “birth registration number” (rodné číslo), which is something not all UK nationals living in the Czech Republic have.The Czech Ministry of Health has recently updated the online booking system and UK nationals can now register for a vaccine by using their health insurance number instead of a birth registration number. The health insurance number is provided by your Czech health insurance company and can be found on the insurance card issued by the company in the box called “číslo pojištěnce”, as shown on the picture below.If you are currently eligible for a vaccine, i.e. you have residency in the Czech Republic and are 80+ or work as a health professional, please use your health insurance number to book online on Ministry of Health’s website.You can find more information on the Czech vaccination scheme on the website of the Ministry of Health. /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:British, coronavirus, covid-19, Czech Republic, Government, health, insurance, Internet, Ministry of Health, online, residency, UK, UK Government, vaccination, vaccine, website