Spirit Energy divests two Danish assets to INEOS

first_imgThe transaction is subject to approval from the relevant authorities and is expected to close later this year Spirit sells two Danish assets to Ineos. (Credit: Pixabay/gloriaurban4) Spirit Energy has signed an agreement to divest two non-core Danish assets to INEOS.The divestment is through a sale of Spirit’s two companies with licenses in Denmark. The two companies jointly own 40% in the Hejre discovery and 27.7% in the Solsort discovery.The transaction is subject to approval from the relevant authorities and is expected to close later this year.Dag Omre, Executive Vice President of Spirit Energy Norway & Denmark, said: “In line with our strategy of managing our portfolio, we evaluated these opportunities and concluded that they are no longer core to Spirit Energy.“We look forward to working closely with INEOS in the coming months to conclude the transaction, as well as focusing on our portfolio of assets, developments and exploration opportunities across North-West Europe.” Source: Company Press Releaselast_img read more

Research reveals missed opportunity for bakers

first_imgLatest figures for bread, cakes, cookies and morning goods sold through high street bakeries paint a mixed picture of people visiting bakery shops more frequently and buying more products, but spending less.The research showed that, in the 12 weeks leading up to the pre-Christmas December spike, people visited bakeries 16% more than in 2007, but that spend had declined nearly 9%. This contrasted with spend across the total bakery market, including supermarkets, which rose 10%. However, bakeries outperformed the market on number of packs purchased per visit and frequency of visits.The data confirmed that when people did shop at a baker, 96% made a purchase. It also indicated that bakers can influence further purchases, as one in three consumers made their decision to purchase while in the shop.Ivor Mckane, business unit director for artisan at BakeMark UK, who commissioned the research, said this highlighted the need for stronger point-of-sale promotions, seasonal items and till point impulse buys.He said: “Economising is not the same as down-trading – consumers are still looking for quality. With one in three shoppers making their purchase decision in-store, being competitive on key lines will attract them to spend on other items.”last_img read more

Markets are key to high-street’s future says Portas

first_imgMary Portas has said she believes that markets could help flailing high streets compete with out-of-town shopping centres, according to information revealed prior to the release of her official high-street report.Earlier this year the retail-guru was asked to advise the government in issues such as how to address the problem of vacant shops, prevent the proliferation of ‘clone towns’, and increase the number of small and independent retailers doing business in local town centres.Prime minister David Cameron will present the full results of the TV presenter’s report this week, which is expected to include Portas’ view that: “On a market stall people can try out their ideas and get their business booming without too much cost. It’s great for our town centres too, bringing in fresh ideas and products and preserving our nation’s cultural heritage.”Portas has also expressed the need for a stronger “town centre first” policy, which will restrict businesses on choosing out-of-town sites to set up if high-street spaces are available, under new planning restrictions.This weekend The Sunday Telegraph published some of the issues that Portas wanted addressing in 2012, including axing regulations and restrictions on night-time deliveries and noise, a possible new tax on car parks currently provided for free at out-of-town shopping centres and plans for a National Market Day.last_img read more

Cuomo Announces Loan Assistance Program For Small Businesses

first_imgShare:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) Image by Office of Governor Andrew M. Cuomo.ALBANY – New York’s unemployment rate went up to 14.5 percent in April, according to recently released numbers from the New York State Department of Labor.The State Department of Labor called April the “largest monthly employment drop on record.” Nationally, the unemployment rate for April was 14.7 percent.“We went from about 50,000 calls on a maximum per day at the Department of Labor dealing with unemployment calls to a high of 8 million calls a day now averaging about three million calls,” said New York State Budget Dir. Robert Mujica.Mujica said when the pandemic began, the state had a staff of 500 people to deal with claims. That number then bumped up to over 3,000 and is now 7,000. He said the state hired five outside contractors to “staff up quickly.” “We’ve gotten $10 billion out the door, so we now have over two million New Yorkers. So 100 percent of full-time employees are New York State workers. The vast majority of the private contractors are using New York State employees,” he said.The largest hit sector has been leisure and hospitality. The virus has also taken a toll on small businesses. On Friday, Gov. Andrew Cuomo announced additional state assistance.“New York State is starting its own small business relief program working with private banks. We have over $100 million available to make loans to small businesses,” he said.Cuomo said the priority will be for minority and women owned businesses with 20 or less employees and less than $3 million in revenues.last_img read more

Coca Cultivation Reduced by 13% in 2010, According to Colombian Government

first_imgBy Dialogo May 10, 2011 In 2010, Colombia reduced the area planted with illicit coca crops by 13% and cocaine production by 12%, Colombian Interior Minister Germán Vargas affirmed on 5 May, citing a UN report about to be made public. “The area planted with coca crops was reduced by 13%, and production by 12%. The UN indicates that the Colombian government’s efforts have been successful,” Vargas affirmed, revealing data from the 2010 annual monitoring report on coca cultivation in Colombia by the UN Office on Drugs and Crime (UNODC). “According to the report, 59,000 hectares planted with coca were calculated for last year, meaning 13% less than 2009 production,” the official added, after indicating that according to advance information from the report obtained by his office, cultivation was concentrated in the departments of Nariño, Cauca, Guaviare (southern Colombia), and Bolívar (northern Colombia). “The continuous and ongoing efforts of the police and the military, forging greater territorial control, have led to the progressive elimination of illicit cultivation and the seizure of tons of cocaine, and in general, to the demoralization of all the links that make up the drug-trafficking chain,” he concluded. Vargas emphasized that the report’s conclusions will be presented by Juan Manuel Santos’s administration next week, in the framework of the G8 summit in Paris, as an argument for demanding greater cooperation from the industrialized countries in the fight against drug trafficking. According to a report by the UN International Narcotics Control Board (INCB), Colombia is still “the world’s largest producer of cocaine,” with 410 tons in 2009, equivalent to more than 30% of the world total, estimated by the UN at between 842 and 1,111 tons a year.last_img read more

Broome County closes its senior centers for rest of year due to virus

first_imgAccording to Broome County Office for Aging Director Lisa Schuhle, the county will continue to serve drive-up meals to-go five days a week. People will need to call and make a reservation for their meal. This service will continue for the rest of the pandemic, she says. The county says it conducted a community survey asking random people that regularly visited the centers over the last few weeks if they felt safe coming to them. They say the result of the survey was most people “don’t feel safe” to return to the centers. Schuhle noted all other services provided by the Office for Aging are still operating. 59 residents recovered and 27 residents died. In total, the nursing home reported 108 cases since the outbreak began. He says, “We want to make sure they’re absolutely safe.” “We love our senior centers,” he said. “We love our staff at our senior centers. We love what our senior centers do for our seniors. But the fact of the matter is, when you talk about the COVID-19 pandemic, our seniors are our most vulnerable population.” Broome County Executive Jason Garnar says the decision to close the centers was not taken lightly. In addition to this, Garnar says Willow Point continues to make progress with its active COVID-19 cases. As of Wednesday, there are 22 active cases at the facility. (WBNG) — Broome County officials have closed all senior centers to the public for the remainder of the year due to the COVID-19 pandemic.last_img read more

World Cup of Darts 2020: England, Netherlands, Wales and Belgium through to quarter-finals | Darts News

first_imgAfternoonCanada 2-0 New Zealand Whitlock and Heta were over the moon with their win against Poland Simon Whitlock averaged a neat 95.82 as ‘The Wizard’ won a high-quality contest against Poland’s Krzysztof Ratajsk 4-3, which included a timely 117 checkout. Australian teammate Damon Heta – making his World Cup debut after replacing Kyle Anderson – then eased past Krzysztof Kciuk 4-1 with a three-dart average of a cool ton. Simon Whitlock hit this stunning 117 checkout against Krzysztof Ratajski The pair recorded the first and third highest averages of the day as they moved into the quarter-finals. Wales vs Australia Watch the thrilling conclusion to the World Cup of Darts on Sunday as England, Netherlands and Wales chase the title. Coverage begins on Sky Sports Arena at midday with all four quarter-finals followed by the evening session of semi-finals and final. Which team will be crowned champions? Last Updated: 07/11/20 9:51pm Sunday’s Quarter-Finals – Order of Play Saturday’s Second Round results 0:50 Jeff Smith showed promise as Canada beat New Zealand to reach the quarter-finals 0:18 John Henderson fired in this show-stopping 121 checkout against Gerwyn Price but it wasn’t enough in the end 1:14 Max Hopp and Gabriel Clemens have lost just one leg in two matches as they progressed to the quarter-finals Michael van Gerwen nailed this 112 checkout in the opening leg of the tie against Spain Debutant Jesus Noguera was next up for Spain against Noppert, and the Dutchman found himself 2-1 and 3-2 down, but last year’s World Series Finals runner-up stayed calm to send the rubber into a final leg decider.Noguera then missed six match darts to allow Noppert in to steal a cliffhanger of a match. Top seeds England are through to the quarter-finals of the World Cup of Darts Van Gerwen is happy with his current form and he and Danny Noppert sent the Dutch through to a showdown against Germany Four-time winners Netherlands also made it through with Michael van Gerwen and debutant Danny Noppert sending Spain home.Big-hitter Van Gerwen demonstrated his powerful scoring and eagle eye finishing to defeat Toni Alcinas 4-0. He wasted no time in getting a leg on the board with a 112 finish before breaking in the next. He quickly wrapped things up to complete a whitewash win. 2:55 Huybrechts (right) felt Belgium would have lost had they played a better team – Advertisement – England, Netherlands, Belgium and pre-tournament favourites Wales all made it through to the quarter-finals of the World Cup of Darts in Salzburg on Saturday.The team of Michael Smith and Rob Cross proved too good for Lithuania as England made it through to a showdown against hosts Austria.- Advertisement – Wales or Australia vs Netherlands or Germany Rob Cross felt he put too much pressure on himself after Michael Smith won the first rubber with ease Smith and Cross made further progress as a pair as they eased past Lithuania 2-0.Smith averaged a cool 91.09 in a calm and composed display to dismantle Darius Labanauskas 4-0, and then Rob Cross landed a stunning 10-dart leg to break the resistance of Mindaugas Barauskas before sealing a 4-2 victory for the four-time winners.“If anyone was going to be the muppet between us it would be me,” Cross gave an honest assessment of his performance, despite a relatively comfortable afternoon at the office. John Henderson fired in this show-stopping 121 checkout against Gerwyn Price but it wasn’t enough in the end ‘The Iceman’ moved 3-0 up in no time before a fine 121 from John Henderson started the fightback. However, Price landed D8 to seal a 4-2 win along with a superb 104 average.Clayton and opponent Robert Thornton both endured doubles woe in their clash. But it was the three-time major winner from Scotland who pinned D18 for a 4-2 victory and send the content all the way into pairs action for the first time in the second round. Austria are next for England after the eighth seeds of Mensur Suljovic and Rowby-John Rodriguez defeated debutants Portugal.Rising star Jose De Sousa, who won a European Tour title last month, went down to a spirited 4-2 loss to Suljovic while Jose Marques, who competed in the 2020 Qualifying School, was unable to trouble Rodriguez, losing 4-1. Jonny Clayton praised Gerwyn Price for picking him up after his loss to Robert Thornton as Wales went on to defeat Scotland 4-0 in the deciding pairs Wales dodged some bullets, but Price’s barrage of treble hitting and some clinical finishing from Clayton ensured they made it through to the last eight with a fine 4-0 triumph, averaging 101.90. 0:17 Simon Whitlock hit this stunning 117 checkout against Krzysztof Ratajski Max Hopp and Gabriel Clemens have lost just one leg in two matches as they progressed to the quarter-finals Gabriel Clemens and former World Youth Champion Max Hopp defeated John Michael and Veniamin Symeonidis 4-1 and 4-0, respectively. A brilliant 130 checkout from Clemens sealed victory for Wayne Mardle’s favourites Germany. 2:32 Whitlock and Heta were over the moon with their win against Poland Host nation Austria to face England – Advertisement – Austria (8) 2-0 Portugal Wales continued their outstanding start to their challenge to claim a first World Cup triumph with the team of Price and Jonny Clayton doing enough in the deciding doubles rubber to send defending champions Scotland out of the tournament. 1:57 Jonny Clayton praised Gerwyn Price for picking him up after his loss to Robert Thornton as Wales went on to defeat Scotland 4-0 in the deciding pairs EveningAustralia 2-0 Poland 0:16 Michael van Gerwen nailed this 112 checkout in the opening leg of the tie against Spain Netherlands vs Germany Top seeds England are through to the quarter-finals of the World Cup of Darts
Top seeds England are through to the quarter-finals of the World Cup of Darts

World Bank approves $250 million loan to support Indonesia’s COVID-19’s response

first_imgThe funds will also be used to prepare for future outbreaks of infectious diseases by improving the country’s reporting and surveillance systems.The primary beneficiaries of the program will be patients, especially those who are vulnerable and in high-risk populations, such as senior citizens and patients with chronic conditions, and healthcare providers. Read also: Explainer: Indonesia to finance coronavirus battle mostly through debt“We are proud to support the government of Indonesia’s COVID-19 response and its efforts to minimize the health, economic and social impacts of the pandemic, which is critical to its continued efforts to reduce poverty and protect the country’s human capital,” World Bank country director for Indonesia and Timor-Leste, Satu Kahkonen, said in the statement.Finance Minister Sri Mulyani Indrawati said Indonesia would utilize the funds to strengthen the nation’s capacity for preventing, testing and treating such diseases. “The government […] is utilizing all possible means to mitigate the health, social, and economic impacts of COVID-19.”The World Bank loan is one of several coordinated financing agreements Indonesia has made with several partners, including $250 million in co-financing from the Asian Infrastructure and Investment Bank and $250 million in parallel financing from the Islamic Development Bank.Topics : The World Bank has agreed to provide a US$250 million loan to support Indonesia’s COVID-19 response, the organization’s board of executive directors announced recently.According to a statement issued by the World Bank on Friday, the funds will go toward strengthening the country’s emergency response to the pandemic, including improving intensive care capacity, providing more personal protective equipment and improving the laboratory network and surveillance system.last_img read more

​Companies’ climate reporting still patchy, says Norway’s SWF

first_img“As an investor in more than 9,000 companies in more than 70 countries, we need to be able to quantify and analyse the risks facing the fund,”  they stated, adding that they would continue to support initiatives to develop global standards for this reporting.NBIM would also continue working to develop analytical tools for climate scenarios, and expand and improve its internal analytical models for different climate outcomes by integrating more detailed company-specific data, they said.This included financial data, emissions data, concrete targets for carbon reductions, and exposure to regional carbon-pricing mechanisms, Olsen and Grande wrote.NBIM would also look at how it could develop ways of analysing physical climate risks facing companies in the equity portfolio, they said.Regarding real estate, they said work on assessing physical risks would remain crucial.“We plan to expand our flood risk analyses based on historical data with forward-looking scenario analyses,” they said, adding that NBIM would also continue supporting a joint initiative to develop methods of analysing the expected decarbonisation of the real estate market.“The results of this work will be relevant for assessing transition risks for the fund’s real estate portfolio,” the two leaders wrote. The manager of Norway’s NOK10.3tn (€1tn) sovereign wealth fund says data on companies’ carbon emissions and climate risks are “critical” for its portfolio analysis, but the quality of corporate reporting remains inconsistent.In a letter to the Norwegian Finance Ministry giving an account of their organisation’s work on climate risk relating to the Government Pension Fund Global (GPFG), the leaders of Norges Bank Investment Management (NBIM) said: “There are numerous useful initiatives currently underway to improve and standardise company reporting, but there are still variations in the frequency and quality of corporate disclosure.”The letter – signed by Øystein Olsen, chair of the central bank Norges Bank, and Trond Grande, NBIM’s deputy chief executive officer – was in response to a request from the ministry made at the end of June to review and describe its work on climate risk.Access to relevant, high-quality information on companies’ carbon emissions and how their operations might be affected by climate risk – both physical and transition risks – was critical for NBIM’s analysis of climate risk in the portfolio, they wrote.last_img read more

EU pledges 140m euros for Ebola-hit West Africa

first_imgHealthInternationalLifestylePrint EU pledges 140m euros for Ebola-hit West Africa by: – September 5, 2014 Share Sharing is caring! Share Sharecenter_img Tweet BRUSSELS, Belgium (AFP) – The European Union on Friday announced 140 million euros ($183 million) in funds to fight the deadly Ebola virus in West Africa, a sharp increase over its previous aid as the outbreak worsens.The commission said the aid was necessary to boost measures to stop the “worst ever outbreak of the epidemic” from ravaging Guinea, Sierra Leone, Liberia and Nigeria.“Today the commission is unveiling a 140-million-euro package of funding for all the countries currently affected by the Ebola virus,” European Commission spokesman David Sharrock told reporters.The aid is designed to boost overstretched health services, fund mobile laboratories for detecting the disease, safeguard the provision of food, water and sanitation as well as help the broader economy and strengthen overall public services.“An essential part of halting the epidemic is getting support to the health services,” said Sharrock, spokesman for International Cooperation, Humanitarian Aid and Crisis Response.About a third of the assistance would go towards strengthening healthcare systems in affected countries, he said.The formal announcement was made by EU Commissioner for Development, Andris Piebalgs, during a trip to Benin.Sharrock said the EU had previously committed 12 million euros in aid to fight Ebola, with the sharp increase reflecting the gravity of the crisis.“A crisis caused by the Ebola virus is threatening the entire region. This is the worst outbreak ever of the epidemic,” Sharrock said.The World Health Organization put the official Ebola death toll at 1,841, out of a total of 3,685 cases in Guinea, Sierra Leone and Liberia.Kristalina Georgieva, EU Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, said the situation in the Ebola zone was “going from bad to worse.”“We are helping make a difference on the ground, but the needs are outpacing the international community’s capacity to react,” she said.“We need to pool our efforts and provide adequate air transportation and medical equipment to our partners in order to fight this menace.”Associated Free Press 113 Views   no discussionslast_img read more