Global Investment in Fintech at Record High in 2017: Accenture

first_imgFunding for start-ups in the United States, United Kingdom and India led to an all-time high in global investment in financial technology in 2017, according to an Accenture report.In 2017, investment in the United States was the highest at $11.3 billion, followed by the United Kingdom at $3.4 billion, and India at $2.4 billion. Globally, fintech investment rose by 18 per cent in 2017. In the United States, it rose by 31 per cent, quadrupled in the UK, and grew five times in India. The number of fintech deals increased from 1,800 in 2016 to almost 2,700 in 2017.“Much of the growth, particularly in the US and UK, has been driven by big new investment flows from China, Russia, the Middle East and other emerging economies,” Julian Skan, senior managing director in Accenture’s Financial Services practice, said in the report.The surge in funding grew in India because of the demand for cashless services following the country’s ‘demonetization’ period. Paytm, a digital payments start-up, received $1.4 billion in venture capital in one of the biggest deals.In November 2016, the Government of India had withdrawn all currency of Rs 500 and Rs 1,000 to combat corruption. That period, during which bank notes were limited, prompted a shift towards mobile payments and other cashless service providers like Paytm.In China, fintech funding fell by 72 per cent in 2017 to $2.8 billion from $10 billion in 2016.Between 2010 and 2017, global investment in fintech ventures reached $97.7 billion. Startups in the United States made up 54 per cent of all investments. In that time period, volume of fintech deals globally rose at a compound annual rate of 35 per cent, with total funding growing at a compound annual rate of 47 per cent.“This volume of investment reflects the soaring demand within financial services for new digital innovations, as these technologies prove their value and applicability in the market,” said Richard Lumb, group chief executive —Financial Services at Accenture. “That will continue to position fintechs for a vital role in helping reshape the financial services landscape. For markets like the UK, where slower economic growth and industry uncertainties due to Brexit have been an issue, it is an encouraging sign.”Biggest DealsIn the United States, Kabbage Inc — an online lender for small business — raised $900 million in three separate rounds in 2017. Online lender Social Finance Inc, also known as SoFi, raised $500 million in February, and LendingPoint raised $500 million from a credit transaction in September. In the United  Kingdom, digital insurance distributor BGL Group raised $900 million and Payments venture TransferWise had the second-largest fundraising in the country, raising $280 million.In India, Paytm’s fundraising was the largest one. Paytm raised $1.4 billion from SoftBank Group Corp. Alibaba Group Holding Ltd. and its financial affiliate Ant Financial held 40 per cent in One97 Communications, Paytm’s parent company.“India has presented us with the world’s largest opportunity in terms of financial services and we are confident its market will grow exponentially over the next decade,” Eric Jing, chief executive officer of Ant Financial, had said earlier, according to Bloomberg. Related ItemsEconomyfintechStartuplast_img read more

Portugal Coach Fernando Santos Defends Bernardo Silva in Racist Tweet Row

first_imgLisbon: Portuguese coach Fernando Santos weighed in on Thursday to defend midfielder Bernardo Silva who has been charged with misconduct by the Football Association over a controversial social media post comparing teammate Benjamin Mendy with a black cartoon character. The Manchester City midfielder last month tweeted an image of a young Mendy alongside an image of the character representing the Spanish chocolate peanut brand Conguitos. “It’s completely absurd,” said Santos at a press conference to announce his squad for Portugal’s upcoming Euro 2020 qualifiers against Luxembourg and Ukraine.”Bernardo Silva is one of the young people I know who has the best character and personality. “What is happening makes no sense at all, he doesn’t deserve this.”On the same day as the tweet, which Silva quickly deleted, the 25-year-old posted: “Can’t even joke with a friend these days… You guys…”Silva last week sent a letter to the Football Association to apologise for any offence caused by the tweet and Mendy has written in support of his friend, saying he had not taken offence at the tweet.City manager Pep Guardiola has also defended Silva and another of his team-mates, England forward Raheem Sterling, also spoke out in his defence.Mendy and Silva have been teammates since 2016, having spent a year together at Monaco before they both moved to City the following year.An Instagram video posted by Silva in 2018 has also attracted criticism for alleged racist undertones. In the video, being studied by the FA, Silva asks Mendy, who is dressed in black, why he is not wearing any clothes.Silva, who could face a six-match ban, has until October 9 to respond. Get the best of News18 delivered to your inbox – subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what’s happening in the world around you – in real time. Benjamin MendyBernardo SilvaFernando Santosfootball First Published: October 3, 2019, 11:27 PM ISTlast_img read more

Belgium bombings raise security alerts at US airports

first_imgMajor US transportation hubs were placed on alert on Tuesday and Denver International Airport briefly evacuated part of its main terminal in a false alarm there hours after suicide bombings in Brussels killed at least 30 people.Despite public safety concerns unleashed by the violence in Belgium’s capital, US Homeland Security Secretary Jeh Johnson said the agency had no intelligence that would point to a similar attack being plotted against the United States.But the State Department issued a travel alert warning US citizens in Europe to avoid crowded places, to be vigilant when in public or using mass transit and to exercise extra caution during religious holidays and at large festivals and events.”Terrorist groups continue to plan near-term attacks throughout Europe, targeting sporting events, tourist sites, restaurants, and transportation,” it said in a statement.The Brussels bombings reverberated on the 2016 US presidential campaign trail, with Democratic contender Hillary Clinton declaring that more needed to be done to confront the Islamic State militants who claimed responsibility for the attacks.The Republican front-runner in the White House race, Donald Trump, called again for tighter border security and suggested US intelligence services could use torture to head off future attacks.Some of the country’s busiest airports and other transportation facilities were placed on heightened security status, as illustrated by a greater law enforcement presence.Large numbers of uniformed police officers and National Guard troops dressed in battle fatigues and carrying rifles patrolled New York’s John F. Kennedy International Airport. Several US carriers – Delta Air Lines Inc, United Continental Holdings Inc and American Airlines Group Inc – said they canceled or rerouted flights as a result of the Brussels attacks.advertisementAt midafternoon, authorities at the Denver airport evacuated two levels on the west side of the main terminal after several packages that appeared suspicious were spotted near ticket counters, airport spokeswoman Stacey Stegman said.Denver police, FBI and US Transportation Security Administration officers converged on the airport, but the packages were ultimately deemed to pose no threat, and the terminal was fully reopened within two hours.Several airlines were affected by the scare, including American Airlines, Aeromxico, Air Canada, Lufthansa and British Airways, the airport said.’World Must Unite’US President Barack Obama ordered flags flown at half-staff in memory of the victims in the Belgium attacks.The State Department said an undetermined number of US citizens had been injured in Brussels but none were killed. Three Mormon missionaries and a US Air Force member and his family were among those hurt.The Obama administration also was expected to impose tighter security measures at US airports following the Brussels Airport bombings, which occurred in a public hall outside of the security check area.US Representative William Keating of Massachusetts, senior Democrat on a House subcommittee on terrorism, said the suicide bombings illustrated the difficulty of protecting “soft targets” outside tightly controlled security cordons.”The targets aren’t going to be just getting on the plane itself, but the airport in general,” he said in a phone interview.Obama addressed the attacks briefly in a speech in Havana on his historic visit to Cuba, vowing to support Belgium as it hunts for those responsible.”This is yet another reminder that the world must unite. We must be together regardless of nationality or race or faith in fighting against the scourge of terrorism,” Obama said.Candidates seeking their party’s nomination for the Nov. 8 presidential election immediately weighed in, with Clinton, a former secretary of state, vowing to strengthen her drive to “defeat terrorism and radical jihadism.”Trump, a billionaire businessman, told NBC’s “Today” program: “If they could expand the laws, I would do a lot more than waterboarding. You have to get the information from these people.”His Republican rival, US Senator Ted Cruz of Texas, strengthened his call for Obama to clip the flow of refugees from “countries with significant al Qaida or ISIS presence,” and called for heightened police scrutiny of neighborhoods with large Muslim populations.The attack raised worries among some US Muslims that they could face more hostility, although mainstream Muslims have repeatedly denounced violence.”The media hype and political manipulation heightens our concerns,” said Sheikh Shaker Elsayed, imam of the Dar Al-Hijrah mosque in Virginia.Some travelers expressed concern that new security measures at airports, which had already imposed extensive restrictions since the Sept. 11, 2001, attacks on New York and Washington, would increase inconvenience without improving safety.”It already takes all day,” said Hans Vermulst, 66, who was at New York’s Kennedy airport trying to get home to the Netherlands after his connecting flight to Brussels was canceled. “We have to take it as it comes, but I’m not happy with it.”advertisementAlso Read:Brussels attacks: Belgium hunts Islamic State suspect after blasts kill 34Increase surveillance of US Muslims after Brussels: Republicans Cruz and Trumplast_img read more

India target to win 50 medals in 2024 Olympic Games

first_imgAfter a disappointing performance at the Rio Olympics, a government think tank has come up with a strategy to help the country achieve 50 medals at the 2024 Games.India sent more than 120 athletes to Rio de Janeiro with hopes of exceeding the six medals won at London in 2012, but returned with a silver in badminton and a wrestling bronze.The National Institution for Transforming India Aayog (NITI), however, has orchestrated a plan to help increase that tally, which in the short-term includes prioritising 10 sports with a high winning potential.The plan also called for a strategy to spot talent from tribal and rural areas that had under-developed sporting infrastructure.”Efforts need to be undertaken at each level, from family and communities to schools, regional academies, states and national level,” the report titled ‘Let’s Play’ said.”These efforts need to be aimed at radically increasing the level of sporting activities, filling the gaps in the system and monitoring for lags.”It also recommended the need for extensive marketing strategies, and suggested drawing experience from cricket’s Indian Premier League (IPL) to attract investment and increase viewership.The medium to long term recommendations include developing a school curriculum inclusive of both sports and academics and the need to encourage children to focus on a specialised sport.The plan, which is open for public consultation, also advocated for the recruitment of world class coaches and trainers and improving sports infrastructure through public-private partnerships.last_img read more

IPL 2019: Virat Kohli joins MS Dhoni and Gautam Gambhir in elite captains’ list

first_imgVirat Kohli has become the third player after MS Dhoni and Gautam Gambhir to feature as captain in 100 matches in the Indian Premier League. Kohli is leading Royal Challengers Bangalore for the 100th time as they are bidding to end their winless streak in IPL 2019 against Rajasthan Royals in Jaipur.MS Dhoni leads the list with 162 matches as captain. The three-time IPL-winning captain with Chennai Super Kings has also led the now-defunct Rising Pune Supergiant(s) in 2016.Former India opener Gambhir is second behind Dhoni, having played as captain in 129 matches in the IPL. Gambhir won the coveted title with Kolkata Knight Riders twice and he has also led Delhi Daredevils (Capitals) in the past.Virat Kohli, who has played for Royal Challengers Bangalore ever since the inception of IPL in 2008, was appointed as the full-time captain of the popular franchise in 2013 ahead of the sixth season.Despite having been the captain of RCB over the last six seasons, Kohli hasn’t managed to win the title with the team. Kohli had led the team to the final in 2016 wherein he had a tremendous season with the bat, smashing 973 runs, including four hundreds.Kohli has the lowest winning percentage (46.87) for captains in IPL to have led in a minimum of 50 matches. In the 99 matches captained RCB before Tuesday, the team won 44 and lost 50 (two tied matches and three No Results).Gambhir’s criticism, Kohli’s reactionNotably, two-time IPL-winning captain Gambhir had slammed Kohli’s captaincy record at Royal Challengers Bangalore ahead of IPL 2019. Gambhir said Kohli should be thankful to the Bengaluru-based franchise for retaining him despite his inability to win the IPL with RCB.advertisement”You cannot compare him to someone like MS Dhoni or Rohit Sharma at this stage because he has been part of RCB and captaining RCB for the last seven to eight years and he has been very lucky and should rather thank the franchise that they stuck to him because not many captains have got such a long run where they haven’t won a tournament. He should be very thankful to the franchise as they have stuck with him,” Gambhir had told Star Sports.Responding to the criticism, Kohli had said his legacy won’t be decided by the number of IPL titles he wins in his career.”Obviously, you want to win the IPL. I am doing what I am supposed to do. I don’t care whether I am going to be judged on this [not winning IPL] or not. There is no real, sort of, parameters you set. I try to perform wherever I can. I try to win all the possible titles, but sometimes it just doesn’t happen,” Kohli had said.”We have to be practical about why we haven’t won one. That boils down to bad decision making in pressure situations. If I think like people from outside, I can’t even sustain five games. I would be sitting at home,” Kohli added.Kohli’s RCB have gotten off to a horror start in IPL 2019 as they are heading into Tuesday’s match in Jaipur on the back of three successive defeats. RCB were bowled out for 70 in their season opener against CSK, On Sunday, RCB conceded 231 runs to Sunrisers Hyderabad before being bowled out for 113 in Hyderabad.Also Read | IPL 2019: Virat Kohli eyes first points for RCB in milestone matchAlso Read | Sam Curran, KXIP’s most expensive foreign player of IPL 2019, gives team new dimensionAlso See:last_img read more

AROUND THE WORLD: TOUCH GROWTH IN AFGHANISTAN

first_imgIn recent weeks I’ve been writing stories on Touch around the world and how it’s developing. Recently I’ve written a story on Touch in Germany and also in Spain. Now I’m writing on Afghanistan. I think it’s good thing for us Aussie Touchies to know about the sport in other nations, rather than just our own. I’m hoping that it will give us more of an understanding about how lucky we are to have the resources, finances, skills and knowledge that we have in Australia. I’m also hoping that it will help build relationships between us and these developing Touch nations so that we can use our resources and knowledge in the sport and its management to help these nations develop further. Afghanistan is a country that has been in the news in recent years for political reasons, but as I have discovered, they are starting to build a Touch tradition. Chris Mastaglio has been at the forefront of Touch in Afghanistan during his two years living there and describes the Afghani’s as both competitive and hospitable, which he believes is the perfect mix for Touch and signals their huge potential in the sport. From Chris’s description, his players are certainly not short on courage…at their final training session before a game against local ex-patriots; one of the more established players had a collision that badly broke his nose. The first thing he said when he regained his composure was “Chris, I am going to be quite upset if I miss the game tomorrow.” At 1pm the next day, with black eyes and an extremely swollen nose, he was on the ground, warming up and ready to play. Where there is enthusiasm, there is potential. During the last year Chris has been working for the Ministry of Education, running a project to develop physical education. This means that he has built up a network of people involved in sports and physical education, which has given him a clear indication there was a desire to learn about new sports and games. He began by offering a `taster’ day last October, providing people with the opportunity to see if they were interested in the sport of Touch. Because of that one day and the interest and enthusiasm shown there, Touch has kicked off in Herat, in north west Afghanistan, where they have two teams playing. One team trains early in the morning and has around 13 players, while the other trains in the evening and has 17 players. The morning team was set up because of the interest in playing amongst those who are unable to leave their shops or jobs during the day and evening. Chris and his team have also been trying to start a Touch team in Kabul, which is the capital of Afghanistan and is in the north east of the country. However, constant snow for the past two months and a lack of Touch contacts in the city has made that virtually impossible. A fact Afghan life that limits the growth of Touch, is that while there is a great desire to play the sport, there is also the necessity of work. To put it simply, people cannot afford time away from work, two hours away to train means two hours away from their livelihood and making money to support their families. But despite this, they are certainly committed, training three times a week, each for around 90 minutes and sometime supplemented with a game on Friday afternoon. Unfortunately they are hampered by having no one with the knowledge and resources to be heavily involved as a coach, referee or manager. For example, Chris believes that in the military in Kabul there is one qualified referee, but with the gender issue (she is a woman) and also her military background in Afghanistan, it may be difficult to involve her at all. In terms of equipment, Afghanistan is also limited. They were given some equipment such as balls, by the Newcastle Falcons RFC, Gosforth RFC, the RFU and Grange Interiors from the North East of England, but had major problems getting them delivered. The equipment was eventually lost, stolen or given away, so they are starting the process again of trying to find people willing to support them with uniforms and equipment. One main problem facing Touch in Afghanistan is that even in the relatively well-off cities of Kabul and Herat, there is a real lack of appropriate playing space. Amongst the Afghan people they may be generally interested in learning about new games and sports but because there is very little knowledge of Touch, the focus remains on volleyball and soccer. Chris firmly believes that people should be provided with the opportunity to access information and experience different sports; so that they can then make a decision about what they want to participate in. It is this lack of opportunity and focus on volleyball and soccer that holds back the expansion of Touch. Another issue confronting Chris and his group is that people who have heard of the game (or when the see the shape of the ball) assume that it is a dangerous sport (especially as grass is hard to come by in Afghanistan). The support of the ex-patriot community for Touch in Afghanistan has been vital to their kick off. Chris organised a team of ex-patriots to play the evening team in Herat late in 2004. It is even clearer how great the support is when you realise there is only a small ex-patriot community in Herat, some of whom had never played before. And just for the sake of information, Chris is keen to share that the Afghan team won that game! While there are no Juniors involved with the sport to date, Chris is well aware of the potential the Afghan kids have within the sport. Unfortunately he is limited by a lack of people able to help with the organisation of the sport and cannot expand the sport any further on his own. He is also finding that their development is limited by being unable to play against other teams. He is planning to take the two teams from Heart to play against teams from Kabul and also ex-patriot teams later in the year. They have already been offered the national stadium in Kabul to host the tournament, which is a strong start! The ultimate aim of this is that a representative team would be picked to play in a tri-nations tournament with India and Pakistan. Once again however, Touch in Afghanistan is hampered by the lack of time to organise the tournaments and also the lack of funds to finance the endeavor. While it may seem there is a lot holding the development of Touch in Afghanistan back, I want to go back to something Chris said to me…Where there is enthusiasm, there is potential. Afghanistan seems to have grabbed hold of that. By Rachel Moyle, media@austouch.com.au Anyone interested in contacting those playing Touch in Afghanistan should contact Chris Mastaglio cmastaglio@runbox.com For another story on Touch in Afghanistan use the link below: http://www.touchrugby.com/?sec=hom⊂=&LinkCode=&NewsID=202last_img

Jabrill Peppers Reportedly Trolled Crowd With “O-H-N-O” After Picking Off J.T. Barrett

first_imgJabrill Peppers makes an awesome interception on J.T. Barrett.ABC.Jabrill Peppers picked off his first pass of the year in the biggest game, and then reportedly trolled the Ohio State crowd in pretty fantastic fashion.Michigan has outplayed Ohio State in pretty much every facet of the game, and its best player made a fantastic play on defense to open the second half.Jabrill Peppers has done everything for Michigan this season, but it took until today for him to secure an interception as a Wolverine. He pulled that off against Ohio State star J.T. Barrett.Michigan’s @JabrillPeppers with his first pick of the year. Barrett’s first in six games #UMvsOSU pic.twitter.com/D9W8EidmFo— Adam Biggers (@AdamBiggers81) November 26, 2016After the pick, a number of people tweeted that Peppers did an “O-H-N-O” gesture to the Ohio State crowd, a pretty excellent troll job. Tom Rinaldi also spoke about it on the broadcast.Tom Rinaldi is thrilled Jabrill Peppers made the O-H-N-O gesture. Big deal #MICHvsOSU— Adam Gorney (@adamgorney) November 26, 2016″O-H-N-O” from peppers to the crowd. I LOVE IT— Ella Dorsey (@Ella__Dorsey) November 26, 2016Unfortunately, we haven’t seen video of Peppers “O-H-N-O”-ing everyone, but we really hope someone, somewhere gets one up on Twitter.Michigan fumbled after Peppers’ pick near the goal line, but then forced a three and out and stopped Ohio State on a bizarre fake punt attempt. The next drive, Michigan extended its lead to 17-7 on a Wilton Speight-to-Khalid Hill touchdown. Michigan has Ohio State on the ropes at The Shoe. With a win, Michigan will take home the Big Ten East and face Wisconsin in the Big Ten Championship.last_img read more

UNESCO chief deplores murder of two Mexican female journalists

11 April 2008The head of the United Nations agency tasked with promoting press freedom has condemned the recent killing of two female community radio announcers, who were ambushed in a roadside attack in southeast Mexico that also left four others wounded. The head of the United Nations agency tasked with promoting press freedom has condemned the recent killing of two female community radio announcers, who were ambushed in a roadside attack in southeast Mexico that also left four others wounded. Felicitas Martínez Sánchez, 21, and Teresa Bautista Merino, 24, were shot dead as they travelled along a highway in Oaxaca state on 7 April. Expressing his outrage over the attack, UNESCO Director-General Koïchiro Matsuura said that “killing journalists is a heinous crime which harms the whole of society as it undermines the democratic right of citizens to hold informed debate and make informed political choices.” According to the Mexican National Center for Social Communication (CENCOS), the women were killed while on a reporting assignment for their community radio, La Voz que Rompe el Silencio. Based in San Juan Copala, in Oaxaca, La Voz que Rompe el Silencio employs young adults and teenagers from the Triqui indigenous community. read more

UN and partner agency need 21 million to help Angolan refugees return

Although the large-scale voluntary repatriation operation of Angolan refugees ended in 2007, about 146,000 of them remain in Botswana, the Democratic Republic of Congo (DRC), the Republic of Congo, Namibia and Zambia, nearly 10 years after the end of Angola’s civil war.Many of the refugees in the DRC and Zambia still live in camps and depend on humanitarian assistance, Jemini Pandya, spokesperson for IOM, told reporters in Geneva.Over the past few weeks, 124 refugees from two camps in Zambia have been assisted home by the UN High Commissioner for Refugees (UNHCR) and IOM. Nearly 9,000 Angolans out of more than 25,000 in Zambia have so far expressed a desire to return home.UNHCR has begun mass information campaigns to enable refugees to make an informed decision on returning to Angola.The two organizations will work together on the operation, which includes assisting refugees obtain documentation and the provision of medical screening, shelter and other humanitarian assistance at way stations and transit centres in the host countries. IOM will transport the refugees and their belongings to Angola by road or air, while in the DRC, it will also provide technical support to immigration authorities at the main land border points between the two countries.The Angolan Ministry for Social Welfare and Reintegration, which is coordinating the Angolan voluntary repatriation operation with UNHCR and IOM, will provide returnees with reintegration kits, including construction and agricultural tools and items for income-generating activities as well as a three-month food ration which IOM will distribute.UNHCR will monitor the returns, address any protection issues that may occur and work with authorities on issuance of civil documents. 12 July 2011The United Nations refugee agency and the International Organization for Migration (IOM) today launched an appeal for $21 million to help some 60,000 Angolan refugees return home this year and next. read more

Encana announces chief executive Randy Eresmans retirement taps interim CEO

Encana announces chief executive Randy Eresman’s retirement, taps interim CEO by Lauren Krugel, The Canadian Press Posted Jan 11, 2013 7:52 pm MDT CALGARY – Natural gas giant Encana Corp. said Friday that CEO Randy Eresman has retired after 35 years at the company.Eresman’s departure from the top job is effective immediately, but he’s agreed to stay on the board in an advisory role until the end of February.Clayton Woitas, a director on Encana’s board and chief executive of Range Royalty Management LTd., has been appointed CEO on an interim basis while the board searches for a permanent replacement.Company spokesman Jay Averill said he wasn’t aware of any particular shareholder push for new blood at Encana, as has been the case at some other companies lately.The board will be searching internally and externally for Eresman’s replacement, Averill added. Unlike other high-profile CEO retirements in the oilpatch lately, no successor had been groomed to take over from Eresman.“There is a lot of bench strength in the current executive team. Really, it’s up to the board to ultimately decide who the next person will be,” he said.One of the biggest changes during Eresman’s tenure was the spinoff of Encana’s oil assets into Cenovus Energy Inc. (TSX:CVE) in late 2009 — a move some observers have questioned, but Eresman has publicly stood behind.The rationale behind the split was to allow investors to better see the value of each distinct side of the business.But being almost entirely focused on natural gas has posed challenges for Encana, with prices of that commodity remaining stubbornly low amid a North American supply glut.To cope, Encana has been selling many of its assets and has been inking joint ventures, such as the recently announced $2.2-billion partnership with PetroChina in the Duvernay shale in Alberta.An earlier $5.4-billion deal with the Chinese state-owned company to work together in northeastern B.C. fell apart in mid-2011 amid a disagreement over how the assets would be operated.Last year, accusations surfaced that Encana and U.S. rival Chesapeake Energy had colluded to keep land prices low in Michigan.In September, Encana said its board of directors found no evidence the company and Chesapeake Energy discussed ways to avoid bidding against one another for land leases in 2010.Probes by the U.S. Department of Justice and Michigan’s attorney general are ongoing and Encana says it’s co-operating.Encana chairman David O’Brien praised Eresman, saying “Randy has played a key role in the development of Encana and in his more than three decades with the company he has made many important contributions to the company’s success.”Eresman, 54, said he has had a “wonderful and fulfilling” time at Encana and its predecessor company, Alberta Energy Company Ltd., where he started as a summer student in 1978.He was appointed chief operating officer in 2002 and had been CEO since 2006.“After a highly successful 2012, Encana is once again financially and operationally very strong and well positioned to execute on its plans to rapidly transition to a more balanced commodity portfolio,” Eresman said in a release.“Now is the right time for me to step down and to turn over leadership of Encana to someone with the focus, drive and commitment to complete the transition,” he said.Eresman added that while he has always had “a wide variety of interests, I will now be able to pursue them more extensively.”Eresman is the latest high-profile oilpatch CEO to exit over the past year or so. Some departures have been more abrupt than others.Rick George retired from Suncor Energy Inc. (TSX:SU) in May, handing the reins to then-chief operating officer Steve Williams. Enbridge (TSX:ENB) CEO Al Monaco took over from Pat Daniel this fall. In both of those cases, the succession plans had been announced several months before the actual handover.About a year ago, Marvin Romanow suddenly left as CEO of Nexen Inc. (TSX:NXY), the international oil and gas producer that ultimately agreed to be taken over by CNOOC Ltd. for $15.1 billion. Investors had been growing increasingly impatient with a slow rampup at its flagship oilsands project and other operational glitches.In September, Talisman Energy Inc. (TSX:TLM), signalling a change in direction, announced then-CEO John Manzoni had “agreed to” leave and that board member and former TransCanada Corp. CEO Hal Kvisle would be taking over. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

Syria UN agency reaches areas near Yarmouk camp as typhoid outbreak hits

“Amidst reports of a typhoid outbreak in the Yarmouk region, with at least 10 of cases credibly reported in Yarmouk, Yalda, Babila and Beit Sahem, UNRWA was authorized to provide limited health assistance,” reported the UN Relief and Works Agency for Palestine Refugees in the Near East (UNRWA).“Never has the imperative for sustained humanitarian access been greater,” UNRWA spokesman Chris Gunness said.He said the agency has assessed the situation in Yalda, which neighbours the Palestinian refugee camp of Yarmoukon the outskirts of the Syrian capital, Damascus, since typhoid broke out among this UN-assisted population. To date, there have been at least six confirmed cases in the camp, Mr. Gunness noted.“UNRWA’s priority remains the delivery of humanitarian aid to civilians within Yarmouk itself and reiterates its strong demand for respect and compliance with obligations to protect civilians and to establish secure conditions under which UNRWA can deliver life-saving humanitarian assistance,” he said, emphasizing that the vulnerability of civilians in Yarmouk “remains of the highest severity.” There are 560,000 Palestine refugees registered with UNRWA in Syria, with more than 95 per cent of them now relying on UNRWA to meet their daily needs of food, water and healthcare. The capacity of the agency to sustain life-saving emergency interventions, whilst responding immediately to urgent developments such as the one impacting Yarmouk, is undermined by chronic underfunding for humanitarian interventions inside Syria. read more

Security Council strongly condemns DPRKs ballistic missile launches

In a statement issued to the press, the Council, speaking out on the issue for the fifth time since January, deplored that these activities contribute to the development of the country’s nuclear weapons delivery systems and increase tension, and regretted that DPRK is diverting resources to the pursuit of ballistic missiles while its citizens have great unmet needs.Expressing serious concern that DPRK flagrantly disregarded the body’s repeated calls, the Council urged the country to refrain from further actions, including nuclear tests, that violate the relevant Council resolutions.The Council called upon all Member States to redouble their efforts to implement fully the sanctions imposed on the DPRK by the Council, especially the measures set out in its most recent resolution.Reiterating the importance of maintaining peace and stability on the Korean Peninsula and in North-East Asia at large, the Council agreed to continue monitoring the situation closely and take further significant measures in line with its previously expressed determination. read more

Field Hockey Ohio State falls to Michigan 10 in overtime

Michigan junior forward Emma Way scores a game-winning goal during Ohio State’s 1-0 loss to the Wolverines on Sept. 22. Credit: Colin Hass-Hill | Sports EditorThe No. 9 Michigan field hockey team overcame the aggressive Ohio State Buckeyes to win 1-0 in overtime Friday afternoon at Buckeye Varsity Field. With only 20 seconds left in the overtime period, forward Emma Way scored the game-winning goal on a pass from midfielder Guadalupe Fernandez Lacort.The Buckeyes (4-4, 0-2 Big Ten) and Wolverines (6-2, 2-0 Big Ten) battled for possession throughout a physical game. Michigan controlled the ball most of the first half as it totalled eight shots to Ohio State’s one. The Wolverines entered the game outscoring their opponents three to one on average. Their dangerous offensive attack, led by forwards Meg Dowthwaite and Way, has contributed 35 of Michigan’s 82 points on the season.Ohio State senior back Caroline Rath exudes frustration during the Buckeyes’ 1-0 loss to Michigan on Sept. 22. Credit: Colin Hass-Hill | Sports EditorCoach Jarred Martin said that it took the Buckeyes a little while to get going. He was content with the solid defense in the first half, but wanted it to lead to more offensive opportunities. “We made a couple adjustments and I was proud of how quick they made the adjustments,” Martin said. “And then from there I felt like we really took it to them and made the game really competitive.”Ohio State looked like a new team in the second half as it aggressively attacked Michigan’s goal. The Scarlet and Gray had nine shots in the second half compared to just one from the Maize and Blue. “We changed a little bit of our formation — talked a little bit about what our forwards were doing just to come up with the ball  — ‘cause we were doing well on defense,” Martin said. “Now we just gotta turn that defensive stop into some offense.”Changes in formation provided the Buckeyes with many opportunities to score as they spent most of the second half near the opposing goal. The changes did not worsen Ohio State’s defensive performance as it blocked Michigan’s attacks in both halves.Ohio State goalkeeper Liz Tamburro had seven saves, including numerous diving stops and stops on penalty corners. She said the team felt in control against the penalty corners because of the 18 they defended against during a tough overtime loss to the Wildcats of Northwestern on Sept. 15.After 70 minutes of regulation and the game still knotted at zero, Ohio State and Michigan geared up for a 15-minute overtime period.Ohio State senior forward Morgan Kile fights for the ball during the Buckeyes’ 1-0 loss to Michigan on Sept. 22. Credit: Colin Hass-Hill | Sports Editor“We were kind of expecting that (physical play) — every year we expect the fight from Michigan — they’re a tough team,” Tamburro said.Michigan had five shots in overtime and Ohio State managed only one attempt despite many possessions near the goal. Despite the disappointment of a tough loss, Tamburro was not disappointed in the Buckeyes’ effort. “We left it all out on the field and I’m really proud of us and our attitude,” Tamburro said. “We didn’t give up that entire game and the ending was kind of unfortunate, but I’m proud — I think we worked really well together today.” The Buckeyes suffered their second overtime loss of the season to a Big Ten opponent, but they look to learn from their experiences moving forward.“I’m so proud of my team that I’m not worried about it,” Tamburro said. “Sure it was a loss, but we take away a lot of great things and a lot of things we can improve on — so I’m excited for Michigan State.”The Buckeyes take on the Spartans (5-5, 0-1 Big Ten) at Buckeye Varsity Field on Sept. 24. read more

Nintendo expects gamers to supply a hard drive for the Wii U

first_imgEven though E3 revealed a lot more about the social and gaming side of the Wii U, Nintendo still hasn’t revealed that much about what hardware is included inside the main Wii U console. It seems a hard drive may not be a standard feature, though.A Q&A session from E3 got translated and published by Nintendo in English earlier today. Part of the session mentioned use of a hard drive inside the Wii U. Nintendo’s CEO Satoru Iwata was subsequently asked about the hard drive, but stated the company has never mentioned such a component. It seems there was an error in the translation.What Iwata did point out is that the Wii U has a USB port to allow gamers to attach their own external hard drives. This suggests Nintendo is going to keep costs down by relying on us to provide additional storage and only including minimal flash storage for save games.At first this may seem like a bit of an oversight on the part of Nintendo seeing as they are going to support HD gaming and game installs will be desirable to cut down on load times. But I actually like the idea. Having suffered high prices for the proprietary hard drive attached to the Xbox 360, I welcome the fact the Wii U may let you buy and use whatever storage drive you want (just like the PS3 does). It also means upgrading to a larger drive should be very simple and relatively cheap to do.For the moment the Q&A session has been removed by Nintendo, but they will have to answer questions over storage soon. If an external drive is required, then you can guarantee Nintendo will be offering their own Wii U version with matching casing at launch.Read more at Andriasanglast_img read more

Researchers gain grant to study fire aftermath regrowth

first_imgAs wildfires dominate headlines in the Pacific Northwest and the rest of the American West, a Washington State University Vancouver researcher is seeking answers to unknown questions about a fire’s aftermath.Kevan Moffett, an assistant professor of environmental hydrology at the Salmon Creek campus, and Andr?s Holz, an assistant professor of geography at Portland State University, recently received about $500,000 in grants from the National Science Foundation grant to research how the soil and landscape changes after multiple wildfires in one area.It’s a relatively untapped area of research, Moffett said. There’s no data on the hydrology — the movement and quality of water — of soil that’s been burned over and over again in the kinds of forests that cover Washington state, nor is there any information on how repeated burns could affect landslides, downstream flooding, vegetation regrowth or the risk of even more fire.“It’s like a whole new world is opening to us,” Moffett said.And it’s a world that, as climate change makes Pacific Northwest summers drier and hotter, could become more familiar.“It is likely that we’re going to have more severe and more frequent, presumably, fire in the future in this area that has tons of fuel,” Holz said.Moffett, Holz and their team will look at six 50-by-50 meter swaths of land in the Cougar Creek fire zone and study hydrology of the landscape and what vegetation returns to the area. It’s a unique spot, Moffett said, as wildfires burned through the Cougar Creek area on the south slope of Mt. Adams in 2004, 2008 and 2015.last_img read more

Tourism Investment officials cite benefits of Sandals chain

first_img Recommended for you Barbados Prime Minister speaks to country ahead of Tropical Storm Dorian; said country is preparing for 6-12 feet storm surge Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 22 Jul 2015 – A huge effort by the Sandals Resorts International company as the Turks and Caicos delegation now enters day three of what was supposed to be a three island FamTrip of the Eastern Caribbean properties of the resort conglomerate; the tour has broadened to include two more island nations, namely: Antigua and Barbuda and Jamaica. Hotel and Tourism Association executive Stacy Cox is on the trip, we spoke to her in Barbados. “This experience so far and much more to go has been, somewhat, an awakening of senses and what Beaches brings to the table. It is a strong brand and it does so much for the region itself and just to hear it from the other side of the region is quite commendable and it is a pure indication of what is being done in the Turks and Caicos, we are not alone and we have the opportunity also to speak to people around the region to see what works well in Beaches or Sandals…”Also in Barbados, the Tourism Investment agency President, Stuart Layne, who concurred with their Tourism Minister and agri-businesses that Sandals brings a diversity of opportunities; we asked him how having the Sandals and a coming Beaches helps Barbados specifically. “First of all we are happy that based on comments, from at least one carrier, that carrier has expanded its airlift just because Sandals is here so that is the sort of proof we are looking in terms of a justification for having Sandals here. We also know that Sandals has a fairly steady demand throughout the year so that also adds to the number of visitors on the island, it adds to stability in terms of employment.”First stop of the fam trip was Grenada, home of Sandals La Source and yesterday afternoon was spent touring two of three Sandals resorts in St Lucia. Multi-millionaire Barbados businessmen arrested in $3m drug bust, yacht suspected in drug trafficking Stinky sargassum blamed for marine disaster; dolphins, flying fish and turtles trapped Related Items:ANTIGUA, Antigua and Barbuda, barbados, beaches, grenada, jamaica, la source, sandals, St Lucia, stacy cox, stuart layne Facebook Twitter Google+LinkedInPinterestWhatsApplast_img read more

Paulo Martins Chan named on Macau licensing panel at MGS Summit 2018

first_img JW Marriott at Galaxy Macau named venue and Galaxy Entertainment Group named Venue Sponsor for 2019 Asian Gaming Power 50 Black Tie Gala Dinner However it is Chan’s presence on a panel titled, “The law and supervision of Macao gaming franchise rights” that promises to be most intriguing with the gaming licenses of Macau’s six concessionaires all set to expire between 2020 and 2022. The panel will also feature Dean of the Faculty of Law at University of Macau, Professor Tong Io Cheng, and be moderated by Davis Fong – Professor in International Integrated Resort Management and Director of Institute for the Study of Commercial Gaming at University of Macau, and a member of the Legislative Assembly.The other notable addition to MGS Summit 2018 will be an Operators’ Panel featuring key executives from some of the leading contenders for a Japanese IR license, each outlining their vision for the development of an IR in Japan. The Japan Operators’ Panel follows passage of the IR Implementation Bill through the Diet in June, paving the way for the nation’s first casinos to be built in the coming years.Discussing the expanded MGS Summit and the addition of new elements on the exhibition floor in 2018, Jay Chun – the President of event organizer, Macau Gaming Entertainment Manufacturers Association – said, “MGS 2018 is different from those previous years. MGS hopes to tap the into the rising integrated resort industry and make MGS’ influence reach out from Macau to neighboring countries.”Celebrating its sixth edition in 2018, MGS Entertainment Show will for the first time run a parallel conference to MGS Summit titled Sina Global Digital Entertainment Summit 2018.Focusing on various aspects of eGaming, it will include panel discussions and presentations on eSports, blockchain, virtual reality, iGaming and electronic game equipment.Chun said the intention this year is to evolve MGS by introducing “intelligent leisure and innovative technology into its scope of conventional exhibitions, thus transforming it into a large-scale exhibition focused on leisure technology.”Note: Previous information published in regards to speakers for the Japan IR Operators’ Panel was based on unconfirmed information. An updated, confirmed list will be published as soon as it becomes available. The Director of Macau’s Gaming Inspection and Coordination Bureau, Paulo Martins Chan, will take part in a panel discussion on Macau’s gaming concessions and the upcoming re-tendering process at MGS Summit in what promises to be a highlight of this year’s MGS Entertainment Show.Details of the Summit were unveiled for the first time this week during the official launch press conference for the upcoming tradeshow, to be held from 13 to 15 November 2018 at Venetian Macao. The emerging Japan market, technology and the evolution of IRs will also be discussed over the course of the three days. Macau GGR tumbles 8.6% in August 300-seat cap revealed for 2019 Asian Gaming Power 50 Gala Dinner at Galaxy Macau RelatedPosts Load Morelast_img read more

BUSINESS BRIEF Wilmingtons Security Innovation ICMCP Join Forces To Address Cybersecurity Talent Shortage

first_imgWILMINGTON, MA — Security Innovation, an authority in application security, recently announced that it will offer free computer based training (CBT) to The International Consortium of Minority Cybersecurity Professionals (ICMCP) members looking to expand their skills or seek a career in cyber security. ICMCP is the leading destination for issues related to cybersecurity career and industry developments impacting minority cybersecurity professionals. This free training is another step in the joint partnership between the two companies, building upon the success of last year’s Web application cyber range challenge run at the ICMCP 2018 National Conference in September.All ICMCP members will have access to Security Innovation’s on-demand training that features pre-configured learning paths for more than 40 roles. This is the same curriculum offered to the company’s clients that comprise many of the world’s most reputable brands.“There is a large number of unfilled cyber security jobs, making a hacker’s job even easier,” said David Elcock, Executive Director ICMCP. “This partnership helps us achieve our mission of consistent representation of women and minorities in the cybersecurity industry, while also solving a serious industry problem.”ICMCP sponsorship builds upon Security Innovation’s objective to develop and encourage women and minorities in cybersecurity. The company has sponsored similar learning events for organization such as Women in Security & Privacy (WISP), Executive Women’s Forum (EWF), Michigan Women in Security & Privacy, United Way BoSTEM, and many others.“We are honored to continue our work with ICMCP to make this specialized training accessible to those who already have other hurdles to overcome,” said Lisa Parcella, VP of Marketing at Security Innovation. “Security Innovation is committed to making the security and technology field approachable for everyone.”ICMPC members can sign up for free training at: https://web.securityinnovation.com/icmcp2019About Security InnovationSecurity Innovation is a pioneer in software security and trusted advisor to its clients. Since 2002, organizations have relied on our assessment and training solutions to make the use of software systems safer in the most challenging environments – whether in Web applications, IoT devices, or the cloud. The company’s flagship product, CMD+CTRL Cyber Range, is the industry’s only simulated Web site environment designed to build the skills teams need to protect the enterprise where it is most vulnerable – at the application layer. Security Innovation is privately held and headquartered in Wilmington, MA USA.About ICMCPThe International Consortium of Minority Cybersecurity Professionals (ICMCP) is a non-profit organization launched in 2014 to help bridge the ‘great cyber divide’ that results from the ongoing underrepresentation of minorities and women in the fast-growing field of cyber security. The ICMCP tackles this ‘divide’ with scholarship opportunities, technical training programs, innovative outreach, mentoring and networking programs. The ICMCP targets minority and women cyber security professionals worldwide and promotes academic and technical excellence in our tradecraft.(NOTE: The above press release is from Security Innovation.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedWilmington’s Security Innovation Wins Two Security Industry Awards In FebruaryIn “Business”Wilmington’s Security Innovation Hires New Business Development Director For India As Company Continues Rapid Global GrowthIn “Business”BUSINESS BRIEF: Wilmington’s Security Innovation Uncovers Cyber Threat Impacting North American BanksIn “Business”last_img read more

Apple defends controversial battery certification warning message

first_img $999 $999 Originally published on Aug. 8 at 3:08 a.m. PTUpdate, Aug. 14: Adds Apple comment and information. CNET may get a commission from retail offers. 8:10 Aug 31 • iPhone 11, Apple Watch 5 and more: The final rumors Mentioned Above Apple iPhone XS (64GB, space gray) Aug 31 • Verizon vs AT&T vs T-Mobile vs Sprint: Choose the best 5G carrier See it • Apple iPhone XS Best Buy Tags $999 That realization caused outcry and allegations that Apple is “locking iPhone batteries to discourage repair,” as iFixit put it. “Apple is effectively announcing a drastic new policy: only Apple batteries can go in iPhones, and only they can install them,” the site said. But Apple on Wednesday defended the move, saying it displays the message to keep customers safe and make sure battery replacements are done properly. “Last year we introduced a new feature to notify customers if we were unable to verify that a new, genuine battery was installed by a certified technician following Apple repair processes,” the company said in a statement. “This information is there to help protect our customers from damaged, poor quality or used batteries, which can lead to safety or performance issues. This notification does not impact the customer’s ability to use the phone after an unauthorized repair.”People are holding onto their smartphones longer than before, and for many, the battery is one of the biggest reasons to eventually upgrade. Being able to monitor the battery’s health, and cheaply replace it, lets people wait longer to buy newer models. Apple’s iPhone battery practices have drawn scrutiny in the past. In late 2017, the company admitted that software it released the previous year slowed down iPhones to offset problems with their aging lithium ion batteries. As batteries get older, they don’t hold their charges as well as newer batteries, and they can have worse problems when the charge is low or the temperature is cold. Apple ended up releasing new features to help iPhone owners monitor their batteries, and it offered a short-term, 63% discount on its battery replacement program.Battery healthThe warning message, which is found in the iPhone’s settings, usually indicates that your battery is degraded and must be replaced, iFixit said. The publication’s tests revealed that even a brand-new, genuine Apple battery caused the message to appear. It appears on iPhones running iOS 12 and the iOS 13 beta.iphone-battery-healthIf you replace your iPhone battery on your own, you won’t be able to monitor the battery’s health.  Apple The update won’t throttle the battery’s performance or prevent you from using your phone, but you won’t be able to see details of your battery’s health. The site compared this to a car displaying a Check Oil light that only a Ford dealership can get rid of.The only way to get rid of the message is to have an Apple Genius or an Apple Authorized Service Provider authenticate it — essentially forcing you to take the battery through official channels.Apple has over 1,800 authorized service providers across the US, including all Best Buy stores, and 5,000 around the globe. In a support page about batteries, the company noted that if the message appears, you should contact an authorized service provider to have the iPhone checked. “We take the safety of our customers very seriously and want to make sure any battery replacement is done properly,” Apple said in its statement Wednesday.  Sprint Apple wants you to make iPhone battery replacements through official channels, to ensure the battery’s safety. Angela Lang/CNET A teardown specialist said Apple is making it hard to replace your own iPhone batteries. But the tech giant on Wednesday defended how it authenticates the batteries used in its iPhones, saying it’s the only way to ensure they meet its standards.Starting with iOS 12.1 from October 2018, Apple included the ability to monitor the health of your iPhone XS, XS Max and XR battery. By going into settings, you can see the maximum capacity your battery is able to charge and whether it supports normal peak performance. You can also see if you should replace your battery.But if you swap your battery yourself or go to a nonauthorized vendor, you’ll see a Service message that warns Apple is unable to verify if your iPhone has a genuine Apple battery, as noted last week by teardown specialist iFixit. You can still replace your battery, but you won’t be able to monitor the health of the battery unless you’re using one from Apple or an authorized reseller.  Now playing: Watch this: Commentscenter_img $999 See It 17 Share your voice reading • Apple defends controversial battery certification warning message Aug 31 • Your phone screen is gross. Here’s how to clean it See All Boost Mobile Apple See It Three new iPhone 11 models coming in September, rumor… See It Phones Aug 31 • Apple iPhone 11 launches Sept. 10, Disney Plus in big demand Review • iPhone XS review, updated: A few luxury upgrades over the XR Preview • iPhone XS is the new $1,000 iPhone X iOS 13 iOS 12 Applelast_img read more