EU tensions over taxation, migration and Italy’s budget highlighted at the World Economic Forum in Davos

first_img EU tensions over taxation, migration and Italy’s budget highlighted at the World Economic Forum in Davos whatsapp Tags: Davos Tax whatsapp Share Rutte said western EU members had shouldered the burden of the refugee crisis in comparison to eastern countries.“There is a total lack of solidarity on the issue of the refugee problem… it can not be that countries like Germany, and the Netherlands and Sweden have to basically shoulder this burden,” he said.Rutte went on to say that the distrust created by the EU’s Commission’s treatment of Italy over its budget divided the EU between northern and southern countries.“[People ask] if Italy can get away with not implementing what we have collectively agreed ..why should we?” he said. “[It creates] distrust between north and south, and given those dividing lines I’m not optimistic about whether we can achieve on competitiveness, reform…and climate change.” Tensions between European Union members were highlighted today at the World Economic Forum in Davos, where leaders clashed over migration and taxation.Dutch prime minister Mark Rutte said the bloc was divided from north to south and east to west over action on refugees and the commission’s handling of Italy’s 2019 budget, creating a “total lack of trust” between members.  Thursday 24 January 2019 6:03 pm Polish prime minister Mateusz Morawiecki countered that the eastern European country had welcomed “millions” of refugees migrating from Ukraine.He added that the EU should crackdown on the use of tax havens that use their power “to the detriment of other countries.”Ireland has been slammed by other EU countries for its low corporate tax rate.Irish taoiseach Leo Varadkar said: “I think big companies should pay their taxes, should pay them in full and pay them where they are owed.” Jessica Clark last_img read more

Watchdog’s ban on ex-Barclays executive holding senior positions overturned

first_imgAn upper tribunal heard the case last year, and in findings published today upheld the public censure on the grounds that Tinney had “acted without integrity” when he gave the impression that the report did not exist. But it overturned a ban on him holding senior positions and cleared him of misleading the FCA and New York Fed during the case.  Barclays declined to comment on the case. whatsapp Tinney was previously found guilty of suppressing an independent report into Barclays Wealth’s US branch that criticsed management. The FCA ruled in 2016 that he should be publicly censured and banned from holding senior management positions at financial firms.  Anna Menin Friday 16 August 2019 12:33 pm A statement released through Tinney’s legal team said: “The FCA went after the wrong person.” It also accused senior management  in Barclays of having “scapegoated” Tinney.  Harvey Knight, a partner at Withers LLP, which represented Mr Tinney, said the upper tribunal’s judgement was “unprecedented” and said that the FCA “has serious questions to answer about why it decided to pursue this case”. Watchdog’s ban on ex-Barclays executive holding senior positions overturned Tinney, former chief operating officer of Barclays Wealth, was also cleared of misleading the Financial Conduct Authority (FCA) and the US Federal Reserve Bank of New York, but a finding he “acted without integrity” was upheld. Tinney challenged the decision, with his lawyer arguing the FCA had used “irrelevant” evidence from a former Barclays chief executive in an attempt to “prejudice” the case.  A ruling by the financial watchdog banning former Barclays executive Andrew Tinney from holding senior positions at financial institutions has been overturned.  whatsapp Share Responding to the tribunal’s findings, FCA executive enforcement director Mark Steward said: “Senior management must be held to high standards of integrity which is the fundamental cornerstone of good conduct in trusted markets. Mr Tinney failed to act with integrity in one telling instance which is enough to justify this censure.” Tags: Barclays FCAlast_img read more

Juneau’s suburbs are putting a lot of stuff down the drain that they shouldn’t

first_imgBusiness | Environment | JuneauJuneau’s suburbs are putting a lot of stuff down the drain that they shouldn’tApril 14, 2021 by Jeremy Hsieh, KTOO Share:The Mendenhall Wastewater Treatment Plant discharges treated wastewater into the Mendenhall River through this pipe, which is visible when the river is low, on March 23, 2021. Wastewater officials say the foaming phenomena is likely the result of turbulence in the water coming out of a diffuser at low tides. (Photo by Jeremy Hsieh/KTOO)Audio Playerhttps://media.ktoo.org/wp-content/uploads/2021/04/JNUSEWAGE2-NPR-One.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Near the beginning of the popular Airport Dike Trail, a big pipe juts into the Mendenhall River. Ducks quack and do laps near the gurgling pipe, which is exposed when the river is low. If the ducks could read the sign up on the river bank, they’d know they’re swimming around in water straight from Juneau’s biggest sewage treatment plant.“I would not let my dog play in that water,” said Guy Archibald, a wastewater expert and staff scientist with the Southeast Alaska Conservation Council.Most of Juneau relies on the Mendenhall Wastewater Treatment Plant to process sewage. But the facility has struggled in recent years to keep the treated water it pipes into the Mendenhall River clean enough for environmental regulators.City-hired wastewater experts figured out some of the problems. But one mystery is why a system that serves roughly 20,000 people is producing sewage they’d expect from about 50,000.There are several regulated pollutants the plant isn’t consistently meeting its discharge limits on. The one that’s a direct concern for people’s health is a bacteria called fecal coliform.“Fecal coliform in and of itself can cause illness,” Archibald said. “But the fecal coliform test is actually — they call it an indicator organism.”Meaning, if there’s fecal coliform in the water, that’s a strong indication that other, more harmful bacteria and viruses are, too.On some days in recent years, the plant has piped water into the river with fecal coliform levels two, three and four times the permitted limit. On one day in December 2018, it was 156 times its permitted limit.Archibald said he isn’t necessarily worried his dog would get sick — our canine companions are pretty resilient to stomach bugs that harm people.“But again, that dog comes out, then it jumps into the backseat of your car, maybe next to where you have your child strapped down in the car seat, you know?” he said.Public health officials track outbreaks of many illnesses, including those associated with fecal coliform. Fortunately, Alaska Department of Health and Social Services spokesperson Clinton Bennett said none have been identified or reported in Juneau over the last several years associated with what’s coming out of that pipe.Juneau wastewater engineer Lori Sowa said the fecal coliform discharge violations occurred when the plant was in an “upset.” That could mean the amount of sewage coming into the plant ramped up abruptly. If there’s too much, too fast, the plant has to spend less time treating wastewater that comes into it.Or it could mean a “slug” of especially nasty sewage hit the plant, like fats, oils and greases, medical waste, chemicals, food waste, even beer when something goes wrong at the Alaskan Brewing Company — more on that later. That stuff can disrupt the balanced conditions the helpful microbes at the plant need to grow and consume the sewage quickly.Ryan Hosman is a senior wastewater operator, and he’s pretty into his job. During a tour of the plant, he said he got into the field about 10 years ago.“I was a manager of Pizza Hut. … Somebody asked me the question, ‘Where do you see yourself in five years?’ And I just — it really hit me, and I was like, ‘Wow. Not doing this!’” he said with a laugh.Senior wastewater operator Ryan Hosman shows four samples of wastewater collected from different stages of treatment at the Mendenhall Wastewater Treatment Plant in Juneau on March 23, 2021. The stuff settling in the second sample isn’t raw sewage, but activated sludge, a community of microbes that grows in and eats raw sewage. (Photo by Jeremy Hsieh/KTOO)At a lab on site, he preps a slide with a few drops of cloudy, partially treated sewage.Under the microscope, he identifies helpful and harmful single-celled organisms squiggling around.Senior wastewater operator Ryan Hosman spot checks for microbiology under a microscope in a sample of wastewater at the lab at the Mendenhall Wastewater Treatment Plant on March 23, 2021. Hosman said he’s basically a bug farmer: he tries to make the conditions ideal in wastewater to keep certain naturally occurring microbes that eat sewage happy. (Photo by Jeremy Hsieh/KTOO)“So you can see some of the ciliates crawling around here. … And then here’s rod-shaped bacteria right here, kind of swimming around. … So right here, we see a limicola strand. Those are one of the undesirable microorganisms,” Hosman explains.Spot checks like this happen daily. It’s one of many pieces of information that may signal a need to tweak dissolved oxygen levels, the concentration of solids, water levels or the ratio of microbes to sewage in the mix.“We’re basically just no other than bug farmers, right?” he said from a catwalk overlooking some of the treatment basins. “I mean, ‘cause there’s hundreds, hundreds of different types of microorganisms down there. And we want to try to select just a small group of them.”Senior wastewater operator Ryan Hosman explains how one of the Mendenhall Wastewater Treatment Plant’s eight sequencing batch reactors treats wastewater on March 23, 2021. Also pictured: Wastewater engineer Lori Sowa. (Photo by Jeremy Hsieh/KTOO)Tweaking their environment doesn’t have an immediate effect.“If you wait to correct the problem — it’s too late. Because it’s microbiology,” Hosman said. “When you make a change, it takes a few days for it to take effect. … It’s kind of like trying to stop a cruise ship. It’s just not going to stop on the dot, or make a 180 right away, you know?”City-hired wastewater experts with Tetra Tech identified some issues with regular operations at the plant that contributed to discharge violations. For example, the ultraviolet lights that disinfect the outgoing water needed to be cleaned and changed more often.Tetra Tech also found a big picture problem on the other end of the pipes — Juneau’s putting more than twice the organic matter down the drain than expected from the population served. It’s too much for the plant. And it isn’t entirely clear why there’s so much.The experts’ best guess is industrial users. Alaskan Brewing Co. is one known source of shock loads.Geoff Larson is a co-founder of the brewery, which is one the city’s biggest water and wastewater customers. He’s also held an industry seat on the city’s utility advisory board since it started in 2003. The board has helped write policies to get the city’s wastewater system on better financial footing and plan long-term for capital projects.Larson said the brewing company is committed to working in good faith with the city’s utilities.“From the very beginning we established a rapport, so to speak, to be able to make sure that one of the most vital parts of our infrastructure — that service that we have to have, which is water and wastewater treatment — could be provided most efficiently by the city,” Larson said.That’s part of why the brewery is in the Lemon Creek area, to be physically close to the wastewater treatment plant.Larson said if things go awry at the brewery, they’ll call the treatment plant and give the operators a heads up. For example, he said a valve failed on a tank a few years ago that sent a slug of beer gushing down the drain.Larson said the brewery also installed surge tanks to make its discharges more consistent and easier to treat. And they separate and dispose of some of the solids in their wastewater before it goes down the drain.“Again, that comes from the dialogue of, ‘What do you need from us? What can we do to help?’” he said.But overall, the wastewater experts said oversight of industrial users in Juneau is “deficient.” Tetra Tech named only two other known significant users: Capitol Disposal Landfill and Bartlett Regional Hospital.There are likely more in the plant’s service area putting tough-to-treat waste down the drain. But the last time the city put together a complete list was in 2002.The city has promised the Alaska Department of Environmental Conservation that it will have a fresh industrial user survey done by the end of May.Another known problem with the city’s sewage infrastructure is rain. Decades ago, it was normal for storm drains to pipe right into the sewer system. Building codes and practices have changed so stormwater is not supposed to go to treatment plants anymore. But some stormwater systems are still improperly tied into the system. And rainwater has other unintentional ways of getting into the pipes.Wastewater engineer Lori Sowa said rainwater usually dilutes the wastewater stream. But storms can also send slugs of solids that had settled in the pipes their way. Amid the record storm in December, for example, the plant processed 6.1 million gallons of wastewater in one day, about three times a typical day.The city’s committed to examining this phenomenon beginning this summer into 2024 with new flow meters throughout the collection system.These are a few of many deadlines in the agreement the city signed with regulators to clean up its wastewater system. Other deadlines go out to 2025. There will be more in-depth studies, evaluations of other treatment technologies and facility upgrades, and new strategies for managing both what goes down the drain and how to treat it.In the final story in KTOO’s deep dive on sewage, we’ll find out about governance issues that let these violations stack up, and how Juneau’s officials intend to fix them.Share this story:last_img read more

Luke Perry, Idol of Our Youth, Has Passed Away

first_imgCelebrityRIPLuke Perry, Idol of Our Youth, Has Passed AwayAfter suffering a massive stroke last week, the Beverly Hills, 90210 star died in a Burbank hospitalBy Gwynedd Stuart – March 4, 20191391ShareEmailFacebookTwitterPinterestReddItAfter suffering a “massive” stroke at his Sherman Oaks home last Wednesday, actor Luke Perry has passed away at a Burbank Hospital, TMZ reports. He was 52. The cause of the stroke hasn’t been publicized, and a rep for Perry’s family told the outlet, “The family appreciates the outpouring of support and prayers that have been extended to Luke from around the world. No further details will be released at this time.”The Ohio-bred actor was in the throes of a career resurgence, playing Archie Andrews’ hot dad Fred on the teen comic-book drama Riverdale; he’d also landed a role in Quentin Tarantino’s forthcoming (and super anticipated) L.A.-set period piece Once Upon a Time in Hollywood.But for kids of the ’80s and ’90s, Perry will always be mostly closely associated with his years-long stint as misunderstood bad boy Dylan McKay on the Aaron Spelling teen soap Beverly Hills, 90210. The role—which he played from 1990 to ’95 and again from ’98 till the show ended in 2000—vaulted him to teen heartthrob status in the heyday of teeny bopper tabloids and helped him land starring roles in movies like Buffy the Vampire Slayer and rodeo drama 8 Seconds.In Perry’s capable hands, Dylan became more than a walking cliche in the model of James Dean. Sure, the lovable misfit did his share of brooding from beneath a furrowed brow. And, yeah, he acted out and engaged in self-destructive behaviors because his father didn’t pay enough attention to him—but he was also sensitive and endearing and the guy you knew you could “fix” if you just loved him enough. Seriously, Brandon was a narc. David was a dork. Steve was an irresponsible and irredeemable rich boy with entitlement issues and bad hair. But Dylan—he was the guy.It’s always sad and weird when a celebrity of our youth dies too young, but this one really stings. RIP, Luke. You’ll always be the coolest dude in school.“I always felt like something of an outsider. But I identified with people up on the screen. That made me feel like I wanted to be up on the screen too. I felt like eventually I would get there.”  • Luke Perry (October 11th, 1966 – March 4th, 2019) pic.twitter.com/j4kMVLj8ZK— c (@oceanwavescole) March 4, 2019RELATED: Where to Find the Walsh House from Beverly Hills, 90210Stay on top of the latest in L.A. food and culture. Sign up for our newsletters today. TAGSBeverly HillsBeverly Hills 90210Luke PerryRIPPrevious articleTake a Stroll Down Colonial Street, Film and TV’s Most Iconic Suburban SetNext articleL.A.’s Exotic Dancers Are Launching a Labor MovementGwynedd Stuart RELATED ARTICLESMORE FROM AUTHORMatū Is Rethinking Meat-Centric Dining in Beverly HillsA $2 Billion Beverly Hills Development without Affordable Units Gets the Green LightA Faction on TikTok Has Taken an Unlikely Interest in the Menendez Brotherslast_img read more

Exova’s latest buy takes firm into new sector

first_img Show Comments ▼ Monday 9 February 2015 8:40 pm Exova’s latest buy takes firm into new sector Express KCS More From Our Partners Fans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com TESTING and advisory firm Exova Group has bought environmental testing company Environmental Evaluation (EEL) for an undisclosed amount.Oldham-based EEL employs 83 staff and specialises in asbestos management services for the nuclear decommissioning industry. Edinburgh-based Exova said the deal would extend its geographical reach and capabilities in the UK, “as well as opening up growth opportunities in new market segments”. According to the company, demand for environmental testing has increased as organisations aim to meet increasingly stringent national and international regulations. Exova said it is now “well positioned to capitalise on this demand through its comprehensive range of services”.Ian El-Mokadem, Exova chief executive, commented: “We have successfully integrated a number of businesses into our group over the past 15 months. This deal further underlines our strategy of extending the reach of our business and developing our service offering through strategic acquisitions.”Shares in Exova closed down by 0.33 per cent yesterday. Sharecenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comLivestlyThe Best Redhead Actresses, RankedLivestlyNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyGive It LoveRemember These Rare Sisters? See Them NowGive It LoveSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsDefinitionThe Most Famous Movie Filmed In Every U.S. StateDefinitionBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MD whatsapp Tags: NULLlast_img read more

Thomas Cook share price falls five per cent on first quarter results

first_imgThe figuresHaving risen yesterday, Thomas Cook shares promptly shed those gains this morning, losing more than 5.5 per cent in early trading, after it posted figures showing first-quarter profits had dipped to £327m in the three months to the end of December, down from £365m during the same period the year before. Like for like revenues edged up 1.6 per cent to £1.5bn, although its underlying loss from operations fell slightly, from £56m in 2013 to £53m this time. Underlying gross margin was 21.6 per cent, three percentage points lower than during the same period last year. Why it’s interestingThomas Cook became the subject of intrigue in November when its chief executive Harriet Green left unexpectedly, only days after telling a conference the company’s fairytale turnaround was “absolutely not done [yet]”. Indeed, when Green joined in 2012, shares had been languishing at 15p. When she departed in November, they were trading at 137p.The reasoning behind Green’s departure is still largely unclear, but in recent weeks shares have shown a cautious recovery: yesterday, they closed at 133p.That’s partly because the company, which is also an airline operator, is benefiting from a fall in fuel prices, a knock-on effect of the plummeting oil prices. Today it reported a “strong end to the summer season it airlines”, with increased passenger volumes. But trouble in the Eurozone is also having an impact: Thomas Cook admitted trading conditions in the region were tough during the three-month period, with early summer bookings in the region down six per cent compared with last year. For investors, that will hardly inspire confidence.What Thomas Cook saidPeter Fankhauser, the travel operator’s new chief executive, said it had made “strong progress”.The trading environment in many of our markets continues to be tough, but we believe the measures we are taking to improve our businesses will continue to strengthen our competitive position. Our strategy remains to generate sustainable profitable growth by providing differentiated and exclusive holidays while driving efficiencies in production and distribution, underpinned by digital excellence. I am confident that our focus on rigorous implementation will continue to drive significant improvements in the group’s performance.In shortWith headwinds coming from Europe, not to mention a dip in shares after the exit of Green, Thomas Cook has challenges to overcome. But with falling oil prices and some well-thought-out hedging, it should be able to weather the storm. whatsapp Wednesday 11 February 2015 4:02 am Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Thomas Cook share price falls five per cent on first quarter results Emma Haslett Show Comments ▼ whatsapp Tags: Company Thomas Cook Grouplast_img read more

World’s wealthiest spend up to £100m renting luxury London apartments in August

first_img whatsapp World’s wealthiest spend up to £100m renting luxury London apartments in August Tags: NULL Show Comments ▼ whatsapp Joe Hall center_img Forget Airbnb bargains: the world’s most extravagantly rich will flock to London for a summer break this August – pumping up to £100m into some of the London’s most exclusive holiday homes.Read more: More proof the UK is super-rich foreigners’ playground The wealthy holidaymakers will spend between £50m and £100m on serviced apartments in just four weeks, according to findings by London lettings specialist E J Harris.Such is the demand for luxury apartments to rent in prime central London areas such as Knightsbridge, Mayfair and Marylebone in the summer that prices now double – and some almost triple – during August, according to E J Harris’ survey, meaning a typical three bedroom apartment that usually costs £700 a night shoots up to at least £1,000 a night.Elizabeth Harris, managing director at at the firm, said: “Each year the short-let serviced apartment market explodes with a wave of demand from overseas visitors during the summer.”These visitors want luxury pads and everything on tap – concierge, dry cleaning, bed turndown, maid service and chauffeur driven cars. They are here to do sightseeing, socialise and enjoy luxury shopping. It’s what London has become world famous for during the summer season.”Read more: This penthouse broke the record for the most expensive flat ever sold in MayfairOver 90 per cent of those renting serviced apartments costing £5,000 are from the Middle East, with Qatar, Saudi Arabi and the United Arab Emirates the three biggest markets.Often bringing large families along with staff members including nanny, maid, bodyguard and assistants while 10 per cent even fly over their luxury cars from the Middle East while the rest hire luxury limousines.In a statement E J Harris said: “Clients from the Gulf states typically want a luxurious three to six bedroom serviced apartment, at least 1,500 sq ft in size. The wealthiest Middle East clients will think nothing of spending £10,000 per week or more on a short-let summer serviced apartment, especially in Mayfair or Knightsbridge.”Money is typically paid up front in the battle to acquire the most prestigious summer pads.” Share Wednesday 12 August 2015 10:33 amlast_img read more

Pharmalittle: U.S. Chamber wants transparency around Covid-19 vaccines; EU to pump billions into vaccine deals

first_img What’s included? And so, another working week will soon draw to a close. If you are surprised that Friday has already arrived, perhaps you are working too hard? In any event, please join us as we daydream about weekend plans. Our agenda is quite modest. We intend to spend time with the short person and training our official mascot to take in the mail and trim the hedges. And what about you? This may be a good time to finish your spring cleaning, bolster the economy with a few online orders, or reach out to folks who remain isolated. Well, whatever you do, have a grand time. But wear a mask and keep safe. Enjoy, and see you soon. …The U.S. Chamber of Commerce, the largest lobbying group in America and the leading voice for corporate power in Washington, has suggested that more transparency is needed surrounding the Covid-19 vaccine deals that are being struck between drug makers and governments, The Independent reports. However, the U.S. Chamber stopped short of supporting demands for companies to relinquish patent and intellectual property rights, arguing that they should not simply be perceived as a “reward or bonus” that follows a discovery. Pharmalittle: U.S. Chamber wants transparency around Covid-19 vaccines; EU to pump billions into vaccine deals Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. Pharmalot Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. What is it? STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Alex Hogan/STATcenter_img By Ed Silverman June 12, 2020 Reprints About the Author Reprints @Pharmalot Log In | Learn More Ed Silverman [email protected] GET STARTED Tags cancerdiabetesopioidsSTAT+last_img read more

B.C. man committed fraud: BCSC panel

Retail trading surge on regulators’ radar, Vingoe says Keywords FraudCompanies British Columbia Securities Commission Imposters among us, CSA warns The decision indicates that Cho admitted to most of the conduct alleged in the commission’s initial charges against him. It says that he admits contravening securities laws and distributing securities without a prospectus, but denied the allegations of misrepresentation and fraud. Ultimately, the panel found that he committed those violations, too. Specifically, it reports that, between January 2011 and February 2012, Cho, doing business as Chosen Media, promoted securities on Vancouver’s Craigslist website; that he raised $101,846 from five investors, and that he delivered purported investment returns of $62,000 to those investors. It says that Cho admitted to promising extremely high, risk-free returns that would be generated by depositing their funds into accounts at various sports betting websites, that would pay “generous signup and reload bonuses”. The panel also found that in December 2012, during the course of the commission’s investigation into the Chosen Media case, Cho sent an e-mail promoting an investment with Groops Media, despite the fact that he’d already been warned by BCSC staff that he must comply with prospectus requirements when distributing securities. “As a result of [Cho’s] dishonest conduct, investors’ pecuniary interests were put at risk and three of the five investors suffered actual loss,” the panel said, noting that those investors are still owed $57,000. James Langton Related news Share this article and your comments with peers on social media A B.C. Securities Commission (BCSC) panel has found that a B.C. man committed fraud as part of a Craigslist investment scheme. The BCSC panel ruled that Won Sang Chen Cho (aka Craig Cho) committed fraud through his various businesses, including online media firms, Chosen Media and Groops Media. It says he also made false statements and illegally distributed securities. The panel did not hand down any sanctions, asking both sides to make submissions on sanctions next month. DoJ launches task force to tackle Covid-19 fraud Facebook LinkedIn Twitter read more

Sheryl King to represent Bank of Canada on Wall Street

first_imgSEC names co-directors of enforcement Keywords AppointmentsCompanies Bank of Canada James Langton CETFA elects new board leader Related news TD getting new head of private wealth, financial planning The Bank of Canada (BoC) announced on Thursday the appointment of Sheryl King as advisor to the governor, representing the central bank in its New York office, effective July 5. “King will promote and strengthen ties between the Bank of Canada and New York’s financial and economic communities, with an emphasis on financial market and financial stability developments,” the bank says in a statement announcing the appointment. King previously worked at the BoC for eight years as an economist and an analyst. She has since worked in the financial industry, most recently as managing director North America at Roubini Global Economics. From 2009 to 2012, she was chief economist and strategist at Merrill Lynch Canada. Prior to that, she was assistant chief U.S. economist at Merrill Lynch in New York, and worked as an economist and as a bond and currency strategist at Toronto-Dominion Bank. In her new tour with the BoC, she will also serve as a member of the bank’s Monetary Policy Review and Financial System Review committees. “I am honoured to be returning to the bank in this unique role, and I look forward to advising the governor on global market issues while contributing to the institution’s important monetary policy and financial stability work,” King says. “I am delighted to welcome Sheryl King back to the bank and to our senior management team,” adds Governor Stephen Poloz. “Her extensive background in U.S. economic and financial market analysis, together with her well-established professional network in New York and beyond, will benefit the bank greatly.” Photo copyright: flik47/123RF Facebook LinkedIn Twitter Share this article and your comments with peers on social media PenderFund names new SVP for investmentslast_img read more