For a rainy day: Monzo customers can now earn interest on their savings

first_img For a rainy day: Monzo customers can now earn interest on their savings whatsapp Fintech challenger bank Monzo is launching its first interest-earning savings pot.Customers will be able to create so-called savings pots within their Monzo account that will earn interest at one per cent per year, paid monthly, on savings of £1,000 and above. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoBridesBlushWhat The Harry Potter Stars Look Like Out Of CostumeBridesBlushUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsUndoJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAUndoOceandraw29 Gorgeous NASCAR Wives & Girlfriends, Don’t Miss #9OceandrawUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndo Investec Corporate & Investment Banking, which currently manages more than £1bn on behalf of other institutions, will manage the savings and pay customers the interest.Tom Blomfield, chief executive at Monzo, said: “At Monzo, our goal is to build a marketplace bank, that lets people access a choice of products and services from across the market, all from within one app.”“By working with firms like Investec, we’re giving our customers the convenience and control they need to make money work for them.”Monzo confirmed that it will be earning commission from Investec, highlighting the new feature as a future revenue stream after revealing losses of £33.1m in July.Monzo announced yesterday that it had closed a fresh fundraising round at £85m – putting Monzo’s valuation above £1bn and cementing its position among the UK’s so-called unicorn startups. Max Kelly The bank said it now represents 15 per cent of all new bank accounts opened in the UK each month, after hitting 1m users in September.Monzo said the new service will be rolled out slowly, and it will email users when they are able to start using the new pots. center_img Tags: Company Goldman Sachs Investec Startups Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Thursday 1 November 2018 3:34 pm whatsapp Customers can open up to 10 savings pots and can take money out of these at any time, with the funds being returned to their main Monzo account the next working day.The bank said the feature is the most significant move it has made so far towards its goal of offering a broader range of financial products from different companies in a so-called marketplace model.The rate outperforms rival Starling Bank, which pays interest on balance at 0.5 per cent AER up to £2,000 and 0.25 per cent on balances above that, up to £85,000.Meanwhile Revolut, another app-based fintech firm, does not currently offer interest on its accounts.However in September, Goldman Sachs released a new easy-access digital savings account called Marcus, which currently offers an even more competitive 1.5 per cent AER.last_img read more

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Pepsico’s Pipers deal adds to record year for US acquisitions of UK firms

first_img Jessica Clark and Shruti Tripathi Pepsico’s Pipers deal adds to record year for US acquisitions of UK firms Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldLearn It WiseColleagues Find Woman’s Bikini Photos Inappropriate, Give Her UltimatumLearn It Wiseinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.commoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comInteresticleMan Finds Wierd Cave In Scottsdale, Enters And Drops To His KneesInteresticleLivestlyPlugs Have These Two Holes At The End, Here’s WhyLivestly whatsapp Tuesday 6 November 2018 7:15 pm CMC Markets’ David Madden said that despite Brexit uncertainty the UK economy is performing comparatively well to most of Europe.“All of a sudden it becomes more attractive to invest in the UK,” Madden said. “The overall feel good factor is there [in the US], if you’re going to invest in Europe then the UK is one of the best performing economies apart from Germany.”The UK is also attractive to companies looking to diversify cheaply, analysts said.EY partner Scott McCubbin commented: “US businesses are looking for cheap assets in the UK. It is a very lucrative market.”Lincolnshire-based brand Pipers was founded by farmers Alex Albone, Simon Herring and James Sweeting in 2004 and now exports products across the world.Ian Ellington, general manager of Pepsico UK, said: “Pipers share our uncompromising commitment to delivering on taste and quality and we’ve long-admired their entrepreneurial spirit. The Pipers’ brand has a strong proposition within the market, with stand-out taste, flavours and appeal.” center_img Pepsico swooped on premium British crisp brand Pipers today adding to a bumper year for US acquisitions of UK firms, with deals already hitting a record $87bn (£66.4bn).The value of acquisitions has surged by a whopping $57bn since last year, according to figures compiled by Dealogic. whatsapp The record figure does not include the undisclosed value of the Pepsico deal, which is believed to be worth more than £20m.Comcast’s takeover of Sky is the biggest deal in 2018 so far and on record at nearly $40bn, followed by CME Group’s $5bn acquisition of Nex Group.Analysts said the weaker pound could have influenced the US conglomerate’s decision to snap up the Lincolnshire-based brand.AJ Bell senior analyst Russ Mould told City A.M.: “Although sterling has rebounded from its year low of around $1.27 against the dollar, it still trades way below the $1.48 mark it held just before the 2016 EU referendum.“That fall makes British assets and companies cheaper for overseas buyers, and in the context of the bid for Sky from America’s Comcast you would expect to see more approaches for UK-based firms if the pound stays weak, especially if they have global reach as Pipers does now.” Tags: Trading Archivelast_img read more

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A property wealth tax is the only fair way to pay for the Covid-19 crisis

first_imgTuesday 28 July 2020 4:05 am Household wealth was last reported at £14.6 trillion, comprising pension pots (42 per cent), equity in homes (35 per cent), financial wealth (15 per cent) and physical wealth such as artworks or vehicles (nine per cent).  An old favourite of successive chancellors is financial repression, such as raising income tax rate thresholds by less than the rate of wage growth, thereby increasing the average rate of tax paid (a form of fiscal subterfuge). But the benefit to the Treasury will be seen as mere fiddling relative to the scale of its additional income requirement.  “Broadly speaking, the fiscal position is unsustainable if the public sector is on course to absorb an ever-growing share of national income… The baseline projection in each of our reports — since the first was published in 2011 — has pointed to an unsustainable fiscal position over the long term.” The £5.1 trillion in home equity is largely unearned as it is the result of rising property prices, and is heavily concentrated among the older generations — over-50s hold 75 per cent of all Britain’s housing wealth. The government faces a tough choice: it could break promises, savage tax reliefs (it will do this, but apart from pensions tax relief, there is a limit to how much this could raise), or tax household wealth. The £5.1 trillion in home equity is largely unearned as it is the result of rising property prices (Getty Images) So, how are we going to avoid bequeathing a debt-laden future to our children? Let us not forget that they already face high university debts, rapidly rising unemployment, sclerotic economic growth, unaffordable housing, thin pension provision, and the prospect of having to support an increasingly ageing population. We need a plan to put their future on more sustainable footing. Consequently, government debt could reach £2.2 trillion this year — a peacetime record — with perhaps an additional £250 billion next year. Add to that dent in the public finances roughly £125bn of tax deferrals and loan guarantees offered to support individuals and businesses during the lockdown period, much of which will never be repaid.  The £5.1 trillion in home equity is largely unearned as it is the result of rising property prices (Getty Images) Also Read: A property wealth tax is the only fair way to pay for the Covid-19 crisis Options are limited. The government’s 2019 manifesto unwisely commits it to not increasing income tax, national insurance and VAT. Raising corporation tax would put additional pressure on businesses that are already struggling to survive and  threaten jobs — and would, in any event, only produce an extra few extra billion, nowhere near enough.   A property wealth tax is the only fair way to pay for the Covid-19 crisis How do we even begin to pay for this? More debt will certainly feature, but it leaves the Treasury (that is, taxpayers) increasingly exposed to rising interest rates. The short-term risk of inflation is low, but thereafter, no one knows. And as the debt-to-GDP ratio climbs, we increasingly risk a collapse in confidence in the gilts market, jeopardising affordable future issuance. Opinion whatsapp The alternative is to leave the young facing a dangerously indebted future — hardly a Conservative success story. In March (in other words, before the coronavirus crisis had properly hit the UK), this year’s budget deficit was expected to be £55bn (three per cent of GDP). It is now likely to exceed £350bn (roughly 18 per cent of GDP). If that was the case in 2018, next year’s Fiscal Sustainability Report should make for stimulating reading.  More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Main image credit: Getty Over the next 25 years, these proposals would likely produce well over £400bn for the Treasury.  Yes, they are politically challenging, but they are progressive (the wealthy have the most valuable houses), they move the tax burden of home purchase from the buyer to the seller, and would help restore some semblance of intergenerational fairness.   The £5.1 trillion in home equity is largely unearned as it is the result of rising property prices (Getty Images) Also Read: A property wealth tax is the only fair way to pay for the Covid-19 crisis Show Comments ▼ So how’s this for a proposal: we should scrap principal private residence relief which means people are not liable for capital gains tax if they are selling their home, and introduce a 10 per cent property capital gains tax on all homes. It would be payable when cash is available (unlike, for example, an annual mansion tax), at the time of sale or settling an estate following the death of the last living owner. Share City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. And then there is the stockpile of unfunded liabilities that have nothing to do with Covid-19, including the state pension (roughly £4.5 trillion in 2018), public sector pensions (£1.9 trillion), unfunded provisions for nuclear decommissioning costs (£263bn), and clinical negligence claims against the NHS (£78bn). To balance this out, the main home should then be excluded from the inheritance tax assessment. Unlike inheritance tax, a property capital gains tax would be hard to avoid by transferring assets prior to death. We should also scrap all stamp duty on the main home, and introduce a first-time buyers’ incentive. Consequently, sellers who have benefited from rising property prices will pay more tax, rather than struggling buyers. whatsapp Two years ago, the director of the Office for Budget Responsibility wrote the following: Michael JohnsonMichael Johnson is a former banker and actuary, and is author of the Social Market Foundation’s new report Tags: Taxlast_img read more

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While Dunleavy’s budget vetoes survive override vote, Alaska’s Legislature remains divided

first_imgWhile there won’t be a formal way to override the vetoes after Friday, there may be another path to restoring funding for some line items.House Minority Leader Lance Pruitt has raised the possibility of funding individual items in a separate bill. And Soldotna Republican Sen. Peter Micciche wrote in a commentary posted on the website of the Kenai radio station KSRM that while he opposed an up-or-down vote on every veto, “there are also individual vetos I do not support (such as senior benefits, impacts on the disabled and seniors, a significant portion of the university reduction and others).”Micciche has an excused absence from the Legislature to commercially fish, and he hasn’t shown up in either location.It’s not clear how receptive Dunleavy would be to large-scale changes to the vetoes. If the Legislature passes more funding in another bill, it’s not clear if Dunleavy would veto it — and if he did, how the lawmakers aligned with him would respond.Another area of uncertainty is the funding for items that were not in the line-item vetoes, like power cost equalization, medical education and college scholarships and grants.They aren’t funded because the budget planned to draw on accounts that the Dunleavy administration may determine will be swept into the Constitutional Budget Reserve. The CBR is difficult to access, requiring three-quarters of both the Senate and House to agree. But it may be somewhat easier for the Legislature to build a consensus to fund these items than it would be to fund the items that were vetoed. If this were to happen, it would also have to be done in a separate bill.Watch the latest legislative coverage from Gavel Alaska. Share this story: Economy | Juneau | Politics | Southcentral | State Government | University of AlaskaWhile Dunleavy’s budget vetoes survive override vote, Alaska’s Legislature remains dividedJuly 10, 2019 by Andrew Kitchenman, KTOO and Alaska Public Media Share:The Alaska Legislature meets to consider an override of Gov. Mike Dunleavy’s line-item budget vetoes. (Photo by Aidan Ling/Gavel Alaska)The Alaska Legislature failed to override Gov. Mike Dunleavy’s state budget vetoes on Wednesday.Without enough lawmakers present to reach the required 45 votes, the vote in Juneau fell eight votes short.Audio Playerhttp://media.aprn.org/2019/ann-20190710-01.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.The floor debate in the Alaska State Capitol focused on the consequences of the $390 million in state funding Dunleavy vetoed. Anchorage Sen. Natasha von Imhof, a Republican, said Alaskans may have to make their permanent fund dividends last.Anchorage Republican Sen. Natasha von Imhof speaks during Wednesday’s joint session of the Alaska Legislature. (Gavel Alaska video still)“You won’t have a job if you work at the university, or in construction, or in any of the number of nonprofits that serve homelessness shelters or abused women’s shelters,” she said of those affected by some of the vetoes. “You might not have access to dental coverage, or Head Start preschool for your kids, or assistance to pay for heating fuel, or any tuition money. Or even an actual university to attend, for that matter.”In Juneau, all but one of the 14 Republican legislators — as well as all 22 Democrats and two independents — voted to override the vetoes. But 22 Republicans weren’t there, with many of them at the middle school in Wasilla, where Dunleavy called them into special session.That meant there weren’t enough votes to override the vetoes. That’s because Alaska’s constitution requires 45 votes to override.Bethel Democratic Sen. Lyman Hoffman made the motion to override.“Thousands of people have contact my office: individuals, organizations, communities and villages,” Hoffman said. “And I stand here today to tell them that I’m going to represent them, and I’m going to vote for their interests and vote to override.”Several legislators expressed concern about the effect of cuts to the university on the state’s future.Anchorage Republican Rep. Jennifer Johnston quoted a 1986 speech by Gov. Wally Hickel.“We used to say, ‘Let’s go.’ Now we say, ‘Give me.’ We used to say, ‘North to the Future.’ Now we ask, ‘Do we have a future?’” Johnston said.Some lawmakers said Dunleavy is prioritizing having $3,000 permanent fund dividends this year. But Anchorage Democratic Sen. Bill Wielechowski said the vetoes didn’t touch one area that could balance the budget: the oil tax credits deducted by the major producers.“These vetoes cut from the poor, the sick, our seniors, our kids — basically anyone who can’t afford to hire a lobbyist to come down here and lobby us. That’s who was cut,” Wielechowski said. “Who wasn’t cut? Some of the richest corporations in the history of the world.”North Pole Republican Rep. Tammie Wilson was the only lawmaker present to vote against overriding all of the vetoes.North Pole Republican Rep. Tammie Wilson speaks during Wednesday’s joint session of the Alaska Legislature. (Gavel Alaska video still)“Although I don’t support vetoing all of these items in total, I am 100% into compromise, working together with everyone, coming up with a plan that works best for Alaskans,” she said.Wilson was in Wasilla on Monday. She was the only lawmaker who traveled from Wasilla to Juneau for today’s vote. Leaders of the legislators who stayed in Wasilla also have said they opposed overriding all 182 line-item vetoes with a single vote.What happens next?Friday is the deadline for a legislative vote to override the vetoes. No plans have been announced for another vote. Without more legislators coming to Juneau, any further override votes would likely be symbolic.It appears there are two possible ways to get lawmakers in one place for the special session: a compromise or a court case. A potential location for a compromise could be Anchorage.But a lawsuit filed by former North Pole Republican Rep. Al Vezey filed on Wednesday also could resolve the issue. The lawsuit contends the Juneau session isn’t legitimate. It won’t mean much for the overrides with time running out, but it may lead the courts to resolve where the proper location for the session is.The lawmakers in Wasilla can’t take action because they don’t have a majority in either chamber to hold a meeting. Veto opponents protested there on Wednesday. Tegan Hanlon of the Anchorage Daily News shared videos from Wasilla Middle School on social media, with protesters chanting, “Forty-five to override!” The lawmakers in Wasilla left after a quick meeting.last_img read more

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Oil prices just fell to their lowest in four years

first_img Thursday 27 November 2014 4:21 am The fall in oil prices continues apace. The price of both West Texas Intermediate (WTI) and Brent oil fell to $72.78 and $76 per barrel respectively this morning – both four-year lows – as traders nervously awaited the outcome of a meeting of the Opec group of oil-producing countries in Vienna today. The 12-member group is meeting as the price of oil continues to slide on concerns of an over-supply in the next few months. It had been hoped the group would come to an agreement around cutting production by at least one million barrels a day, but that now looks unlikely. Although Saudi Arabian oil minister Ali al-Naimi hinted yesterday Gulf producers – Saudi, Kuwait, Qatar and the UAE – had come to an agreement, the consensus is that it probably doesn’t involve a cut in production.Earlier in the day, al-Naimi had said he expected the oil market to “stabilise itself eventually”, suggesting he has enough confidence in market forces to avoid a curb in output for now. But even if a cut is announced, will it be enough to stabilise prices in the long-term? Jameel Ahmad, chief market analyst at FXTM, thinks not.The longer term outlook for both crude and Brent oil is that the commodity will likely continue to trade in a bearish direction in the longer term. Around this time next year, the current forecast is that the Federal Reserve will have begun raising US interest rates, which will not only increase substantial demand for the US dollar but also pressure commodity prices. This is probably another reason why there is hesitation from some to cut production, because fears will resurface regarding oil prices in the future anyway. Emma Haslett More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Share whatsappcenter_img whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For Seniors Oil prices just fell to their lowest in four years Tags: Oil priceslast_img read more

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CMA CGM introduces Climactive to help control reefer atmosphere

first_imgBy Gavin van Marle 07/09/2018 French container shipping line CMA CGM has introduced an advanced controlled atmosphere function in its fleet of reefer containers to maintain fruit and vegetable products in transit.Climactive works by reducing the level of oxygen inside a container equipped with Daikin’s Active controlled atmosphere technology, and is specifically designed for sensitive products which face a long transit time and organic products without preservatives.Eric Legros, CMA CGM vice-president of specialised products and value-added services, said: “CMA CGM continues upgrading its reefer range to better meet customers’ needs and acquire new markets. Introducing Climactive means additional technology is available for the most sensitive commodities in CMA CGM’s controlled atmosphere offer.”The technology allows fruit and vegetable shippers to maintain “product freshness up to final destination, preventing maturation, extend shelf life and preserve quality attributes”.It also gives exporters the option of reaching further destinations and targeting new markets, as well as allowing businesses to maintain a product’s organic label.Climactive aims to reach the optimal O2-CO2 balance in a reefer much quicker than other controlled atmosphere technology and features a nitrogen pump that acts as a barrier against oxygen infiltration, protecting the cargo from excessive ripening.CMA CGM claims it is the second-largest refrigerated container carrier in the world, with a reefer fleet of 385,000 teu and 288,000 reefer plugs across its vessel fleet.last_img read more

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News / Evergreen ULCV order will leave THE Alliance far behind rivals in terms of big ship capacity

first_img Evergreen’s new order of 10 23,000 teu ULCVs will bring the Ocean Alliance close to parity with the 2M alliance in terms of the number of 18,000 teu-plus ships in their combined fleet, leaving THE Alliance well behind, according to Alphaliner.The Taiwanese carrier officially confirmed in a stock market disclosure last week an order for the 10 mega ULCVs which are to be built at South Korean and Chinese yards at a cost of $140-$160m a unit.Evergreen has an orderbook of some 566,000 teu, the largest of any of its peers, and on delivery of the tonnage is set to leapfrog rivals ONE and Hapag-Lloyd to take 5th place in the carrier league table.Based on the current orderbooks of all the carriers, by 2022 the 2M is set to operate 62 18,000 teu-plus vessels, supplied equally by Maersk and MSC, which will just shade the Ocean Alliance with its 61 18,000 teu-plus ULCVs, said the consultant.As it stands THE Alliance members Hapag-Lloyd, ONE and Yang Ming, together with HMM from 1 April next year, will only have 24 18,000 teu-plus vessels at their disposal, which includes the 12 23,000 teu vessels that will be supplied by the new South Korean carrier member.It is understood that HMM bringing in these new ULCVs was the major attraction for THE’s existing members who were initially reluctant to consider the government-subsidised carrier for full membership.Nevertheless, assuming the carriers are able to achieve high utilisation levels for the ships, THE Alliance members would appear to be at a unit cost disadvantage against the rival Ocean and 2M alliances.One analyst who The Loadstar spoke to recently suggested that although the unit cost benefit gap narrowed between 18,000 teu and the new mega 23,000 teu behemoths it would still be sufficient for the operators to win market share on pricing.“They are roughly the same size in terms of length overall and deadweight so there is probably not going to be much extra cost if any to operate the 23,000 teu ships so revenue from the higher intake will go straight to the bottom line,” said the analyst.The vast majority of these ULCVs will be deployed on the Asia-Europe trade which will mean that 18,000 teu ships and over will become the new norm and dominate the route.According to Alphaliner data the current average size for a vessel deployed between Asia and North Europe is 15,800 teu, having doubled in the past 10 years.Notwithstanding the exponential growth of the vessels deployed between Asia and North Europe, the alliances were obliged to cancel no less than 42 Asia-North Europe voyages in the first nine months of the year due to soft demand and have also announced further blank sailings and a temporary suspension of a loop in the final quarter. By Mike Wackett 19/09/2019last_img read more

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Deaths in Laois – Wednesday, November 18, 2020

first_img Pinterest WhatsApp News Peter’s Funeral Mass can be viewed on www.mcnmedia.tv under Clonaslee Parish. Peter’s family would like to thank everyone for their understanding and support at this difficult time. Peter was the honorary president of the Laois County Board of Comhaltas Ceoltóirí Éireann.Irene O’MearaSandymount, Dublin / Rathdowney, LaoisO’Meara, Irene (Sandymount, Dublin and late of Rathdowney, Co. Laois) 15 November 2020. Very sadly missed by her loving family, nieces Virginia and Angela, nephew Donal, grandnieces (especially Ciara who cared for Irene for many years), grandnephews, relatives, carers Helen and Michelle, neighbours and friends.Rest in PeaceDue to current restrictions, a private funeral will take place. Irene’s funeral cortège will depart from her home on Thursday morning (19 November) at 9.30am. Those who would have liked to attend but cannot may view the Funeral Mass at this link https://mcnmedia.tv/camera/st-marys-star-of-the-sea-sandymount on Thursday at 10am.Anthony (Tony) O’ConnellSallynoggin, Dublin / Rathdowney, LaoisO’CONNELL (Sallynoggin, Co. Dublin and formerly of Rathdowney, Co. Laois) – November 14th 2020 (peacefully) at St. Vincent’s University Hospital. Anthony (Tony); dearly beloved husband and best friend of Ellen. Sadly missed by his loving wife, brothers Bobby and Billy, sister Monica, brothers-in-law, sisters-in-law, nephews, nieces, relatives and a wide circle of friends.May he rest in peaceDue to government advice regarding public gatherings, a private funeral will take place on Friday (Nov 20th) at 10am at Our Lady of Victories Church, Sallynoggin followed by interment at Shanganagh Cemetery, Shankill. To live stream the service click on this link https://www.sallynogginandglenagearyparish.com/. For those who would have liked to attend the funeral but cannot due to Covid-19 restrictions can leave a personal message on Tony’s Obituary Notice by clicking on Recent Deaths at https://www.patrickodonovanandsonfunerals.ieLoftus OdlumPortarlington, LaoisOdlum – Loftus, November 12th, 2020. Late of Portarlington, Co Laois. In the loving care of the staff of St James Hospital and Orwell Nursing Home, in his 92nd year; loving husband of the late Dorothy, and sadly missed by his children Philip, Stephen and Melanie, daughters-in-law Kristina and Julie, son-in-law Karsten, grandchildren Nicholas, Emily (and their spouses, Sophie and Michael) Rachel and Rebekah, great-grandchildren Sam, Beau and Cara and extended family.In keeping with Government guidelines, a private funeral Service will take place on Wednesday 18th November at 10 am and can be viewed on line at: https://vimeo.com/event/153499. No flowers please; donations, if desired, to Simon Community.SEE ALSO –Deaths in Laois – Tuesday, November 17, 2020 Twitter Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Facebook Deaths in Laois – Wednesday, November 18, 2020 Twitter Electric Picnic Pinterest RELATED ARTICLESMORE FROM AUTHORcenter_img By LaoisToday Reporter – 18th November 2020 Electric Picnic Previous articleCoronavirus: 11 further deaths and 366 new cases as plan to ban takeaway drinking withdrawnNext article‘It was definitely worth it – I think the GAA did an incredible job’ LaoisToday Reporter TAGSDeaths in Laois WhatsApp Below are the recent deaths in Laois.Ar Dheis De go raibh a anam.Seamus (Shay) BerginChurch street, Mountrath, Laois / Castletown, LaoisAt home in the company of his sons . Predeceased by his parents Fintan and Eileen Bergin. Sadly missed by his sons Fintan, Ciaran and Colm, his brothers Michael, Fintan and Sean, his aunts Mairead (Cork), Ablina and Noreen (New York), sisters-in law, nieces, nephews, cousins, relatives and friends.Reposing at his brother Sean’s residence, Gort Na Noir Abbeyleix for family and relations only. Removal to St. Fintan’s Church, Mountrath for Requiem Mass on Thursday at 11am. Interment afterwards in St . Fintan’s Cemetery, Mountrath. Funeral Mass will be live streamed via webcam https://mcnmedia.tv/camera/st-fintansSympathisers are welcome to gather outside the house or on route to the Church or Cemetery, or in the Churchyard while observing social distancing.Rest In PeaceMary (Molly) Delaney (née LEAHY)Derrynaserra, Coolrain, LaoisMary (Molly) Delaney (neé Leahy), Derrynaserra, Coolrain, Portlaoise, Co.Laois. Died 16th November 2020, (peacefully), surrounded by her loving family, and in the tender loving care of the staff at the Villa Marie Nursing Home Roscrea. Predeceased by her husband Timmy and brother Bill. Sadly missed by her loving son Neilus and daughter Marguerite, grandchildren Danial, Craig, Cian, Caoimhe and Erin, son-in-law David, daughter-in-law Geraldine, sister-in-law, nephews, extended family, neighbours and friends.May Molly Rest in PeaceRemoval from her daughter Marguerite’s home on Thursday morning to St. Fergal’s Church, Camross, arriving for a family Funeral Mass at 11.0’clock, followed by burial in the adjoining cemetery. People are welcome to stand along the route, in the vicinity of the church grounds, and in the cemetery, observing good social distancing.Molly’s Funeral Mass will be streamed live on the Camross Community Pastoral Council facebook page.Síle Graham (née Conroy)Ballinagall, Ballickmoyler, Carlow / Ballickmoyler, LaoisDeeply regretted by her husband Noel, children Damien and Concepta, brothers, sisters, daughter-in-law Breda, grandchildren Katie and Laura, nieces, nephews, relatives and a wide circle of friends.Rest in PeaceDue to government restrictions a private family Requiem Mass will be held at 2pm on Thursday afternoon in the Church of the Sacred Heart, Arles (restricted to 25 people). Burial afterwards in the adjoining Cemetery.Peter HoganBroughla, Clonaslee, LaoisPeter Hogan, Broughla, Clonaslee Co. Laois.Died on the 17th of November 2020, peacefully at home, surrounded by his loving family. Predeceased by his wife Mary and infant son.He will be sadly missed by his heart-broken family, Colm, Leo (Carlow), Maree McCabe (Cappincur), Raymond, Fiona Kelly, Derek, Aidan, Yvonne Norris (Cappincur) and Fergal.Fondly remembered by his 20 grandchildren. Deeply regretted by his sisters Eileen and Agnes, brother-in-law Brendan, daughters-in-law Denise, Joan, Martina, Ann Marie, and Josie, sons-in-law Michael, Christy, and Patrick, nieces, nephews, relatives, neighbours and friends.May Peter Rest in Peace.Due to Covid-19 restrictions and by adhering to government guidelines, a family Funeral Mass will take place for Peter’s family members only, on Thursday in St. Manman’s Church, Clonaslee, at 12 noon, followed by burial afterwards in St. Manman’s cemetery, Clonaslee. Facebook Home Deaths Deaths in Laois – Wednesday, November 18, 2020 Deaths Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Electric Picnic organisers release statement following confirmation of new festival datelast_img read more

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Consider Yourself Lucky, Kim Young Hwan!

first_img News AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] SHARE There are signs that North Korea is running into serious difficulties with its corn harvest News RELATED ARTICLESMORE FROM AUTHOR Facebook Twitter By Daily NK – 2012.08.06 11:04am center_img [imText1] News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak News Consider Yourself Lucky, Kim Young Hwan! North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

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'Terror Versus Freedom'To Be Addressed At CU-Boulder Graduate School Symposium

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Sept. 24, 2003 A public symposium on “Terror Versus Freedom: Can Homeland Security Coexist With Civil Liberties?” will be presented Oct. 8 by the University of Colorado at Boulder Graduate School. The event begins at 7 p.m. in University Memorial Center room 235 and will feature talks by four outstanding members of the CU-Boulder graduate faculty. “This symposium provides an important opportunity for members of the Boulder campus and the community in general to hear from and to interact with experts on the Graduate School faculty on the issues of the day,” said Tony Barker, associate vice chancellor for research. The program will be as follows: * “Societal Impacts of 9-11” by Dennis Mileti, professor of sociology. * “Our Civil Liberties and the Need for a Public Understanding of Religion” by Frederick Denny, professor of religious studies. * “The Politics of Pre-emption” by Roger Pielke Jr., professor of environmental science. * “Information Technology: How Can Something So Good Be So Bad?” by Alexander Wolf, professor of computer science. The four talks will be followed by a panel discussion. The symposium will begin with remarks by Carol Lynch, vice chancellor for research and dean of the Graduate School. For more information call (303) 492-2889.last_img read more

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