Saudi Aramco eyes bankers for what could be the world’s biggest float

Saudi Aramco eyes bankers for what could be the world’s biggest float Shruti Tripathi In October, Nasser said that London was in the running to stage the listing.Other markets the oil goliath is eyeing up include New York, Hong Kong and Japan.The Dhahran-headquartered firm boasts an average daily crude production of 10.2m barrels per day and has natural gas reserves of 297.6 trillion standard cubic feet.Read more: London could be in line for part of the $2 trillion Saudi Aramco IPOLast year, Mohammed bin Salman, Saudi Arabia’s deputy crown prince, revealed the kingdom was very keen to list shares in Saudi Aramco. Share Tuesday 24 January 2017 7:10 pm whatsapp Banking giants are reportedly being invited to weigh up the value of Aramco’s business and help facilitate its share sale.The exact size of the share sale is yet to be confirmed.Read more: Saudi Arabia’s gormless cheerleaders have failed to spot the looming crisisHowever, Saudi Aramco’s chief executive Amin Nasser said in October that up to five per cent of the company could be floated by as early as 2018.If the share sale goes ahead as planned, Saudi Aramco could become the world’s most valuable company dwarfing the likes of Apple, Exxon Mobil, Berkshire Hathaway and Google among others. Global banking giants are set to compete for an advisory role on oil goliath Saudi Aramco’s multi-billion-dollar float, which is expected to be the world’s biggest initial public offering.The Saudi state-owned firm, thought to be the world’s largest oil producer, has requested proposals from banks including Morgan Stanley and HSBC, sources told Reuters late last night. Its float ambitions are part of Saudi Arabia’s plans to reduce its reliance on oil as it looks for new revenue streams and attracts more investment.“Personally I’m enthusiastic about this step. I believe it is in the interest of the Saudi market, and it is in the interest of Aramco,” Prince Mohammed told the Economist in an interview last year.The appointment of banks is expected to be finalised by the end of the year. whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoUnify Health LabsRandy Jackson: This 3 Minute Routine Transformed My HealthUnify Health LabsUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndoMaternity WeekAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongMaternity WeekUndoLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthUndo2021 Buicks | Search AdsIntroducing The Head Turning 2021 Buicks!2021 Buicks | Search AdsUndo read more

Work from home revolution could see millions of white collar jobs offshored

first_imgMonday 21 June 2021 8:34 am The relative success of pandemic-era working from home could result in as many as 6m white-collar jobs being moved overseas, Tony Blair’s think-tank has warned this morning. Andy Silvester Read more: France targets City of London firms in post-Brexit ‘Choose France’ push The Cabinet Office is putting together a review on social distancing and the future of work, which will be released before the next stage of easing restrictions. (Getty Images) Blair think-tank: Work from home revolution could see millions of white collar jobs outsourced The last year has loosened the geographical ties of work, argues a new report from the think-tank, that makes it possible “anywhere jobs” could be done overseas. The report does suggest that the moving of jobs overseas to cheaper but equally skilled workers is not inevitable if the UK invests in the future of work, including skills training and better digital infrastructure. Share Many of the jobs at risk are based in London and the south-east. center_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndoTop Walk-In-Tubs | Search AdsHere’s the Average Price of a Walk In TubTop Walk-In-Tubs | Search AdsUndoGameday NewsMichael Oher Tells A Whole Different Story About ‘The Blind Side’Gameday NewsUndoAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsUndoUnify Health LabsRandy Jackson: “This Drink Is Like A Powerwash For Your Gut”Unify Health LabsUndoMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailUndoSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search AdsUndoZen HeraldShe Inspired Three Of The Most Popular Songs EverZen HeraldUndoHomeLight.comDon’t Make This Mistake When You Sell Your Home. Try these 7 websites.HomeLight.comUndo In a foreword to the report, Tony Blair said: “The world is changing fast and all countries must adapt and prepare to preserve and enhance prosperity.” Show Comments ▼ Examples of “anywhere jobs” include software programmers, accountants and insurance underwriters. The new report suggests that whilst previous offshoring has been predominantly focussed on blue collar roles like manufacturing, the “mass experiment with remote work” suggests professional, white-collar roles will no longer be “sheltered from the pressures of globalisation.” “The potential transformation in workforces could be as profound as that seen in manufacturing over the past 40 years,” reads the report, “but with a potential timeframe of the next 5-10 years.” whatsapp Read more: Close to home: Demand for city centre offices drops as hybrid working picks uplast_img read more

Guardian Flight recovers crashed plane’s voice recorder

first_imgCommunity | Juneau | Search & Rescue | SoutheastGuardian Flight recovers crashed plane’s voice recorderMarch 19, 2019 by Joe Viechnicki, KFSK-Petersburg Share:Air ambulance company Guardian Flight said it has recovered the cockpit voice recorder for its plane that crashed in Southeast Alaska’s Frederick Sound in late January.Guardian Flight has been using side-scan sonar and a remotely-operated vehicle to search the sea floor in the area where the plane crashed. The Beechcraft King Air 200 was en route from Anchorage to Kake to pick up a patient Jan. 29.Guardian Flight said their onsite team has located “85-90% of the aircraft,” including landing gear, the fuselage and an engine from the plane. Clint Johnson, chief for the Alaska regional office of the National Transportation Safety Board, said the NTSB has taken custody of the cockpit voice recorder, commonly referred to as a black box, and confirmed it is from the crashed aircraft.“We’re working right now to get a plan formulated to be able to get that cockpit voice recorder back to our Washington, D.C., vehicle recorder lab, where they hopefully can download that information and hopefully give us a little bit more insight of the sequence of events of this tragic accident,” Johnson said Tuesday.Johnson said it’s still not known whether the recorder was working or captured information from the crash.“It could possibly record conversations with either air traffic control or intercom systems within the airplane,” he explained. “We won’t really know exactly what the quality (is), or if there is in fact a recording that would give us a better idea of the sequence of events, until we have a chance to audition that cockpit voice recorder. Hopefully that will take place probably within a day after reaching our Washington, D.C., vehicle recorder lab, and we’re anxiously awaiting that information.”The NTSB has an investigator on board the recovery boat in Frederick Sound. Johnson said the NTSB hopes to know more about plans for recovering other parts of the plane within the next 24-to-48 hours.In an email, Randy Lyman, Guardian Flight’s senior vice president of operations, calls the discovery a “positive development in the search” but also a “heartbreaking time” for the company and families of the lost crew.Three people — a pilot, nurse and a paramedic — died in the crash. All three were Juneau residents. Guardian Flight says it continues to search for the crew members.This story has been updated.Share this story:last_img read more

Nigel Farage says he won’t quit as Ukip leader, despite calls to resign

first_img Thursday 14 May 2015 5:50 pm Nigel Farage says he won’t quit as Ukip leader, despite calls to resign whatsapp He resigned, he unresigned, and now some Ukip members want him to resign again. But that won’t happen, Nigel Farage revealed during Question Time this evening. As leader of the party, he said the level of support shown to him was “phenomenal”, and that leaving just as David Cameron starts to negotiate Britain’s EU membership would be a “massive mistake”.  He also said the £650,000 offered as part of a scheme for minor parties should not be accepted by Ukip, following arguments within the party about the public funding money.Division insideWhen Farage initially stood down after failing to win the Thanet South seat, the party refused to accept his resignation. A few days later he returned as leader, saying “If the NEC [national executive committee] back me what am I to do?” This has divided opinion within the party, with some, including deputy leader Suzanne Evans and donor Richard Desmond, declaring their support. Others, meanwhile, have been more sceptical about his swift return.  Treasurer Hugh Williams, donor Stuart Wheeler and ex-MEP Godfrey Bloom have all suggested he leaves. Earlier today, MEP Patrick O’Flynn said Farage had fallen under the influence of “inexperienced advisers”.  Tags: General Election 2015 Nigel Farage Peoplecenter_img Sarah Spickernell Share Show Comments ▼ whatsapplast_img read more

News / Drones could be the way to catch ‘dirty’ ship operators in low-emission zones

first_imgBy Mike Wackett 06/06/2014 Twelve of the world’s biggest shipping companies, all having pledged to support robust enforcement of new maritime low-sulphur regulations, have formed the Trident Alliance – a framework to help prevent fraud in the emission control areas (ECAs).From January 2015, the maximum sulphur content in bunker fuel permitted in ECA zones of the US, North Europe and the Baltic Sea will reduce from 1% to just 0.1%, obliging ship operators to either switch to more expensive distillate fuel or install costly exhaust filters, known as scrubbers.Currently, low-sulphur marine gas oil (LSMGO) is around $300 per tonne more expensive than heavy fuel oil (HFO) and the International Chamber of Shipping has estimated that it will increase the industry’s total fuel bill by $50bn per year.Some carriers, such as Hapag-Lloyd – which expects $200m to be added to its fuel bill – will pass the extra cost onto shippers in the form of surcharges, but if slot overcapacity continues to exert downward pressure on freight rates next year, this will be a big challenge for the lines.Nevertheless, the major concern of the shipping companies in the Trident Alliance – the names of the members will be announced in two weeks’ – is that without proper enforcement, the significant cost differential in fuel types could tempt some lines to continue burning the cheaper HFO in the ECA zones to gain a cost advantage.The 12 signed the alliance agreement at a meeting in Copenhagen last week, hosted by Maersk and Wallenius Wilhelmsen.The fear of fraud stems from the fact that even if a ship is caught burning cheaper, higher-sulphur fuel in an ECA zone, any fine meted out will be generally disproportionate to the cost saving.Indeed, Peter Sand, chief shipping analyst at Denmark-headquartered BIMCO, said: “Fines today are, for most port states, below the potential savings if a company continues to use high-sulphur bunker fuel.”Industry analyst SeaIntel identified the compliance problem earlier in the year, when its survey revealed that less than 1% of ships had their tanks tested in 2013, and that the low risk of being caught was compounded by the low level of fines applicable.It said: “Our analysis showed that a 4,500teu vessel sailing at 16 knots from the entrance of the Channel to Hamburg, using 1% sulphur fuel instead of the mandated 0.1%, would save €12,000 – six times more than the German fine, and that is just one way.”The Trident group will also debate a number of pragmatic measures that could assist national authorities to identify ships burning heavy fuel in an ECA.The few inspections of bunker tanks that currently take place do so in port, while the ship is discharging or loading, and founding member Wallenius Wilhelmsen has suggested a futuristic solution: drones.Roger Strevens, global head of environment at the Oslo-based shipping group, said: “With conventional technologies, it’s difficult and expensive to determine what a vessel is burning while it is under way; a drone with emissions sensors on board can overcome that.”Mr Strevens’ suggestions may not be as far-fetched as it seems – the Danish Environmental Protection Agency has awarded $180,000 to a drone project that is due to be tested later this year.last_img read more

Portarlington community group awarded grant from supermarket

first_img WhatsApp Twitter Community Aldi’s Community Grants Programme provides each Aldi employee with the opportunity to nominate a charity, community group or not-for-profit organisation within their local community for support.Nominated charities are assessed according to a defined selection criteria, with the organisation deemed the most worthwhile receiving a €500 donation from Aldi.Each of Aldi’s 133 Irish stores and two Regional Distribution Centres have been allocated an individual annual bursary fund and a “Charity Champion” assigned to co-ordinate the programme.SEE ALSO – Ballyroan fundraiser this weekend for little Mary Claire TAGSAldi Community Facebook The Portarlington After Schools Project is the latest charity to benefit from Aldi’s 2018 Community Grants programme.Aldi’s Portarlington store staff have awarded the charity a €500 grant in recognition of its tremendous work within the local community and to help support its vital services.Now in its third year, hundreds of charities have been supported by the programme to date with over €200,000 donated by Aldi.Commenting, John Curtin, Group Buying Director, Aldi Ireland, said: “We are delighted our Portarlington store employees have chosen to support the Portarlington After Schools Project’s work in providing affordable after school childcare to local families.”“Supporting the local communities our stores serve is something that we truly believe in.“Through our Community Grants programme and partnerships with both FoodCloud and youth organisation Foróige, we have been able to directly help many of the worthwhile charities and organisations making a huge difference to County Laois.”Operating two stores in County Laois, Aldi is deeply involved in the local community.Through its partnership with FoodCloud, its County Laois stores have donated over 18,000 meals to local charities to date, while as Foroige’s lead sponsor since 2015 it has helped support initiatives including the Aldi Foróige Youth Citizenship Awards and the Aldi Foróige Junior Baking Competition. Pinterest Facebook Portarlington community group awarded grant from supermarket By Alan Hartnett – 25th October 2018 center_img Home News Portarlington community group awarded grant from supermarket News Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ RELATED ARTICLESMORE FROM AUTHOR Previous articleBallyroan fundraiser this weekend for little Mary ClaireNext articleRoss King speaks about county final incident in national newspaper interview Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. WhatsApp New Arles road opens but disquiet over who was invited to official opening Twitter Laois secondary school announces scholarship winners for new academic year Council Pinterestlast_img read more

Mutual fund sales continued upward march in June

first_img Share this article and your comments with peers on social media Long-term funds attracted $5.3 billion in June and money market funds had net redemptions of $192.7 million. Overall industry net sales through the first half of 2017 were almost double what they were a year ago, IFIC’s data show. Year-to-date net sales for the first half of 2017 were $31.1 billion, up from $16.6 billion for the same period last year. Once again it was balanced funds leading the way in June, with net sales of $3.14 billion. Bond funds saw net sales of $1.5 billion and equity funds recorded $412 million in net sales. In the first half of 2017, balanced funds generated $18.2 billion in net sales, bond funds had $7.6 billion worth and equity funds managed $4.4 billion in net sales. Finally, IFIC reports that total mutual fund assets under management finished June at $1.4 trillion, down by $14 billion, or 1%, from the previous month. The numbers IFIC reported are based on research from Strategic Insight, which compiles data from IFIC and other sources. James Langton Related news Mutual fund sales gained a bit of ground in June, according to the latest data from the Investment Funds Institute of Canada (IFIC). Monthly net sales came in at $5.2 billion in June, up from $4.3 billion in May and much higher than last June’s $1.5 billion worth of net sales. Mutual fund sales slump continued in Novembercenter_img Canadian fund sales exceeded $23B in February Keywords Fund salesCompanies Investment Funds Institute of Canada Mutual fund sales outpaced ETFs in September Facebook LinkedIn Twitterlast_img read more

Equitable Bank unveils second CSV line of credit

first_imgblue curtain of a classical theater Viktor Thaut/123RF Toronto-based Equitable Bank is rolling out its second cash surrender value line of credit, CSV Max, the company announced Monday.The bank is also expanding its group of partnered insurers to include Quebec City-based iA Financial Group.  Manulife introduces new whole life product and AI underwriting algorithm Maddie Johnson BMO Insurance introduces non-participating whole life policy Share this article and your comments with peers on social media Foresters adds charity benefit to whole life product Keywords Whole life insuranceCompanies Equitable Group, Industrial Alliance Insurance and Financial Services The new line of credit complements Equitable’s existing CSV FLEX line of credit by allowing Canadians who have reached the age of majority to borrow up to 90% of the CSV of their whole life insurance policies.The partnership agreement will begin Nov. 4 and allows iA Financial Group policyholders to be eligible for both the CSV MAX and CSV FLEX lines of credit. Related news Facebook LinkedIn Twitterlast_img read more

Duty Free Chicken to alleviate Any Shortage – Dr. Tufton

first_imgDuty Free Chicken to alleviate Any Shortage – Dr. Tufton UncategorizedDecember 25, 2007 RelatedDuty Free Chicken to alleviate Any Shortage – Dr. Tufton FacebookTwitterWhatsAppEmail Agriculture Minister, Dr. Christopher Tufton, has said the recent decision by the Government to permit duty free importation on chicken meat during the Christmas season, should alleviate any possible shortage of the commodity.Dr. Tufton, who was speaking in a recent interview with JIS News, added that this action, however, might not be able to prevent a price increase. “It is not necessarily going to affect the possibility of a price impact as it relates to increasing world prices for things like feedstock, but prices should be affected based on supply, because we have made provisions for that,” he said. He also noted that the government has made provisions for the importation of eggs and kidney beans to prevent any possible shortage of the commodities during the season. “We have made provisions to bring eggs into the market. After having consultations with producers we determined that there might be a shortage for Christmas.and so we have made provisions for sufficient importation to take place to ensure that for Christmas, we don’t see a problem there,” the Minister added. In the meantime, Dr. Tufton said the Ministry would be undertaking a number of activities to cushion the impact of increasing food prices on local consumers, including the launch of a backyard gardening programme next year.“We believe that we are at the stage now where we are going to have to encourage people, even with the smallest space that is available, to grow basic things. We are looking at providing or creating a backyard gardening kit that allows even a novice to do agriculture, to do a little thing,” he informed. The development of new farm tools and proper marketing systems for farmers are also on the agenda of the Ministry for the coming year. RelatedDuty Free Chicken to alleviate Any Shortage – Dr. Tuftoncenter_img Advertisements RelatedDuty Free Chicken to alleviate Any Shortage – Dr. Tuftonlast_img read more

Corrections staff recognised Australia-wide

first_imgCorrections staff recognised Australia-wide More than 25,000 frontline correctional officers across Australia – including 10,000 correctional staff in NSW – will be celebrated today for their work in rehabilitating offenders and keeping the community safe. Minister for Counter Terrorism and Corrections Anthony Roberts said National Corrections Day was an opportunity to applaud the vital work of correctional officers.“Today we acknowledge the exceptional efforts of Corrective Services NSW staff in keeping our prisons and communities safe and secure,” Mr Roberts said.“CSNSW staff not only manage offenders in custody and the community, they also work together with other government and non-government agencies to ensure people are given the skills and support to stop their offending behaviour.”CSNSW Commissioner Peter Severin applauded the efforts of staff across the organisation, who face a tough and often dangerous job each day.“I’m very proud of our staff, who are world’s best, and today gives us an opportunity to publicly recognise their efforts,” Mr Severin said.“Workplace culture plays a significant role in staff morale, mental health and offender rehabilitation, so National Corrections Day is also vital in helping build positive and supportive workplaces, which encourage staff to do their best.”The 2021 National Corrections Day theme is Working together to reduce reoffending, focusing on the ways our staff assist offenders through programs, education and positive interactions.CSNSW includes about 5,000 custodial officers, 1,800 Community Corrections staff, 750 industries workers, 720 psychologists and programs officers and 1,170 Security and Intelligence staff.Corrections Day was established by Corrective Services NSW in 2017 before it was adopted nationally and by New Zealand in 2018. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Commissioner, community, corrections, culture, custody, Department of Communities and Justice, education, Government, intelligence, mental, mental health, Minister, New Zealand, NSW, security, terrorismlast_img read more