@CricketNSWBlues bowlers Mitchell Starc and Josh Hazlewood have been speaking ahead of the Shield final.
@CricketNSWBlues bowlers Mitchell Starc and Josh Hazlewood have been speaking ahead of the Shield final.
Citi, acting through Citibank N.A., has been appointed by Valneva SE ("Valneva"), a specialty vaccine company focused on the development and commercialization of prophylactic vaccines for infectious diseases with significant unmet medical need, to act as depositary bank for its American Depositary Receipt ("ADR") programme.
SmartStream, the financial Reference Data Utility (RDU) solutions provider, today announces the launch of its Exchange Notification Service (ENS)
With consumer demand and shopping preferences changing as a result of the COVID-19 pandemic, retailers need an even more strategic approach to forecasting and fulfillment. That’s why Marks & Spencer (M&S), a leading and iconic British retailer, has been working with Blue Yonder, a leader in digital supply chain and omni-channel commerce fulfillment, as part of M&S’s plans to reduce costs and improve stock flow by re-engineering its end-to-end supply chain.
On 29-Apr-21, Asset Value Investors (AVI) launched a public campaign calling for shareholder support to remove and replace the Board of Directors of Symphony International Limited (‘SIHL’).
LifeSpeak, the mental health and wellbeing platform for employee and customer-focused organizations, today announced a partnership with Lime, the online-only provider of affordable top-ups that complement UK public health services. Through the partnership, Lime customers will gain complimentary access to LifeSpeak's curated expert-led mental health and wellbeing education solution directly through the Lime platform.
Marqeta, the global modern card issuing platform, today released the annual findings of a survey of more than 2000 UK and US consumers, looking at their attitudes and experiences regarding financial fraud. The survey revealed that COVID-19 has been hugely impactful, with 68% of UK respondents reporting being more concerned about fraud since the start of the pandemic. Almost 1-in-5 (19%) of UK adults surveyed by Marqeta reported becoming first-time victims of fraud in the last 12 months, a significant increase from last year’s findings from Marqeta’s 2020 Fraud Report. This figure rises to 31% among 18–34-year-olds. Under this heightened concern, UK consumers feel banks need to do more to protect their customers, with four-in-five (79%) UK respondents saying they believe their bank should be able to more accurately predict when a transaction is fraudulent, and 63% admitting they are concerned about their bank’s ability to spot fraud.
(Bloomberg) -- Gas stations along the U.S. East Coast are beginning to run out of fuel as North America’s biggest petroleum pipeline races to recover from a paralyzing cyberattack that has kept it shut for days.From Virginia to Florida and Alabama, stations are reporting that they’ve sold out of gasoline as supplies in the region dwindle and panic buying sets in. An estimated 7% of gas stations in Virginia were out of fuel as of late Monday, according to GasBuddy analyst Patrick DeHaan.The White House said in a statement it is monitoring the situation and directing government agencies to help alleviate any shortages. Colonial Pipeline Co. said it’s manually operating a segment of the pipeline running from North Carolina to Maryland and expects to substantially restore all service by the weekend.The Colonial pipeline has been shut down since late Friday. On Monday, the Federal Bureau of Investigation pointed the finger at a ransomware gang known as DarkSide. While President Joe Biden stopped short of blaming the Kremlin for the attack, he said “there is evidence” the hackers or the software they used are “in Russia.”Colonial Chief Executive Officer Joe Blount and a top lieutenant assured Deputy Energy Secretary David Turk and state-level officials that the company has complete operational control of the pipeline and won’t restart shipments until the ransomware has been neutralized.The dwindling supplies come just as the nation’s energy industry was preparing to meet stronger fuel demand from summer travel. Americans are once again commuting to the office and booking flights after a year of restrictions. Depending on the duration of the disruption, retail prices could spike, further stoking fears of inflation as commodity prices rally worldwide.The U.S. East Coast is losing around 1.2 million barrels a day of gasoline supply due to the disruption, according to a note from industry consultant FGE.In Asheville, North Carolina, Aubrey Clements, a clerk at an Exxon Mobil station answered the phone with “Hello, I’m currently out of gas.” The Marathon gas station in Elizabethtown, North Carolina, had roughly two dozen cars waiting to fuel up, said an employee there. Drivers pulling into a station with a sign offering unleaded gasoline for $2.649 per gallon in Manning, South Carolina, were met with pumps covered in yellow and red “out of service” bags.Shortages are also hitting the aviation industry, forcing American Airlines Group Inc. to add additional stops to two long-haul flights originating from Charlotte, North Carolina. Airlines flying out of Philadelphia International Airport are burning through jet-fuel reserves and the airport has enough to last “a couple of weeks,’ a spokeswoman said.In an 18-minute virtual meeting, Blount said Colonial is working with refiners, marketers and retailers to prevent shortages, according to a person involved with the meeting who wasn’t authorized to speak publicly about the discussion. The pipeline serves 90 U.S. military installations and 26 oil refineries, the person said.The shutdown has prompted frenzied moves by traders and retailers to secure alternative supplies. Oil tanker charter rates skyrocketed in the U.S. with refiners scrambling for ships to store fuel that has nowhere to go.Emergency shipments of gasoline and diesel from Texas are already on the way to Atlanta and other southeastern cities via trucks, and at least two Gulf Coast refineries began trimming output amid expectations that supplies will begin backing up in the nation’s oil-refining nexus.The national average retail gasoline price rose to $2.967 a gallon on Monday, a 2.4% increase from Friday, according to AAA. The premium for wholesale gasoline in the New York area expanded to its widest in three months.Gasoline futures that initially surged as much as 4.2% earlier this week have since declined. Futures prices had gained more than 50% this year, helped by the recovery from the pandemic.The event is just the latest example of critical infrastructure being targeted by ransomware. Hackers are increasingly attempting to infiltrate essential services such as electric grids and hospitals. The escalating threats prompted the White House to respond last month with a plan to increase security at utilities and their suppliers. Pipelines are a specific concern because of the central role they play in the U.S. economy.Ransomware cases involve hackers seeding networks with malicious software that encrypts the data and leaves the machines locked until the victims pay the extortion fee. This would be the biggest attack of its kind on a U.S. fuel pipeline.DarkSide said in a post on the dark web that it wasn’t to blame and hinted that an affiliate group may have been behind the attack. The group promised to do a better job of screening customers that buy its malware.Government officials haven’t advised Colonial on whether it ought to pay the ransom, Deputy National Security Adviser for Cyber and Emerging Technologies Anne Neuberger said during a briefing.Learn more about how emergency powers can counter fuel-supply disruptions.“It’s an all-hands-on-deck effort right now,” said U.S. Commerce Secretary Gina Raimondo. “We are working closely with the company, state and local officials to make sure that they get back up to normal operations as quickly as possible and there aren’t disruptions in supply.”The White House pulled together an inter-agency task force to address the breach, including exploring options for lessening its impact, according to an official. Biden can invoke an array of emergency powers to ensure supplies keep flowing to big cities and airports along the East Coast.Some rules curbing domestic transportation of fuel have been eased to help deal with any shortages. That doesn’t extend to waiving the Jones Act, a measure that would allow foreign tankers to help shuffle more petroleum products between U.S. ports.The Northeast can secure gasoline shipments from Europe but it will come at an increasing cost the longer the pipeline stays shut. In the meantime, fuel producers including Marathon Petroleum Corp. are weighing alternatives for how to ship their products to the Northeast.Landlocked cities face the greatest danger of fuel shortages compared with those with access to water-borne deliveries, said Steve Boyd, senior managing director at Houston-based distributor Sun Coast Resources Inc. If the pipeline remains down for many more days, he’s anticipating a “massive surge” in orders.(Adds Virginia situation in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
More citizens are accessing social services and want proactive and personalized experiences, says Accenture.
E.ON, Europe's largest energy networks operator, on Tuesday posted a 14% rise in first-quarter operating earnings after its British power retail division swung to a profit following a major overhaul. The company stuck to its 2021 outlook, still expecting adjusted core profit (EBITDA) of 7.2 billion to 7.5 billion euros ($8.7-9.1 billion) and adjusted operating profit (EBIT) of 3.8 billion to 4 billion euros. First-quarter adjusted EBIT at the group's closely-watched British retail, which includes the former npower unit it bought as part of the takeover of Innogy, came in at 84 million euros, compared with a 2 million loss in the same period last year.
The FCC has announced two significant developments that will help more people get connected during the COVID-19 pandemic.
(Bloomberg) -- Apple Inc is facing a London lawsuit over claims it overcharged nearly 20 million U.K. customers for App Store purchases, yet another legal headache for the tech giant fighting lawsuits across the world.Apple’s 30% fee is “excessive” and “unlawful” the claimants said in a press release Tuesday. The claim, filed at London’s Competition Appeal Tribunal on Monday, calls for the U.S. firm to compensate U.K. iPhone and iPad users for years of alleged overcharging. They estimate that Apple could face paying out in excess of 1.5 billion pounds ($2.1 billion).“Apple is abusing its dominance in the app store market, which in turn impacts U.K. consumers,” Rachael Kent, the lead claimant in the case and a professor at King’s College London. She teaches the ways in which consumers interact and depend upon digital platforms.The suit, described by Apple as “meritless,” was filed a week into a U.S. trial over Epic Games Inc.’s claims that Apple is running its marketplace like a monopoly, cheating developers and consumers. The separate U.K. claim is focused on the alleged harm caused to customers rather than developers.Earlier this year, Apple lowered its App Store fee to 15% from 30% for developers who produce as much as $1 million in annual revenue from their apps and those who are new to the store.The legal challenges come as Apple faces a backlash -- with billions of dollars in revenue on the line -- from global regulators and some developers who say its fees and other policies are unjust and self-serving. Last month, the European Commission sent a statement of objections to the firm, laying out how it thinks Apple abused its power as the “gatekeeper” for music-streaming apps on its store.“We believe this lawsuit is meritless and welcome the opportunity to discuss with the court our unwavering commitment to consumers and the many benefits the App Store has delivered to the U.K.’s innovation economy,” Apple said in an emailed statement.“The commission charged by the App Store is very much in the mainstream of those charged by all other digital marketplaces,” Apple said. “In fact, 84% of apps on the App Store are free and developers pay Apple nothing. And for the vast majority of developers who do pay Apple a commission because they are selling a digital good or service, they are eligible for a commission rate of 15%.”The suit alleges that Apple deliberately shuts out potential competition and forces ordinary users to use its own payment processing system, generating unlawfully excessive levels of profit for the company.The claimants say any U.K. user of an iPhone or iPad who purchased paid apps, subscriptions or made other in-app purchases since October 2015 is entitled to compensation.“This is the behavior of a monopolist and is unacceptable,” Kent said. “Ordinary people’s use of apps is growing all the time, and the last year in particular has increased our dependence on this technology.”(Updates with claimant comment in final paragraph. An earlier version of this story corrected the amount of potential damages.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Vietnam is seeking the transfer of mRNA technology to domestically manufacture COVID-19 vaccines, state media reported on Tuesday, as officials warned of supply issues until the end of the year. MRNA vaccines, like that developed jointly by BionTech and Pfizer, prompt the human body to make a protein that is part of the virus, triggering an immune response. "Given the currently limited supply to Vietnam, especially as the COVID-19 situation is showing complicated developments, the health ministry has met with a World Health Organization representative to facilitate the negotiations on transferring of mRNA technology," the Vietnam News Agency reported.
The European Union is willing to see its COVID-19 vaccine contract with AstraZeneca fulfilled three months later than agreed, providing the company delivers 120 million doses by the end of June, a lawyer representing the bloc said on Tuesday. The lawyer was speaking in a Belgian court as proceedings in a second legal case brought by the European Commission against AstraZeneca over its delayed delivery of vaccines got underway. Officials familiar with the case said the lawsuit is mostly procedural - pertaining to the merits of the issue - after a first case was launched in April, and would allow the European Union to seek possible financial penalties.
Explosions shook buildings throughout Gaza and rocket sirens sent Israelis in many southern towns scurrying for shelter overnight. Two Palestinians were killed and more than 100 wounded in air strikes, Palestinian officials said.Six Israelis were wounded by a rocket, medics said.Nine children were among the 20 dead in Gaza on Monday and scores of rockets were launched into Israel, many that were intercepted by missile defenses.The events were unleashed by Gaza militants firing on the Jerusalem area for the first time since a 2014 war, crossing what Israeli Prime Minister Benjamin Netanyahu called a "red line."The upsurge in violence came as Israel celebrated "Jerusalem Day," marking its capture of East Jerusalem in the 1967 Arab-Israeli war.
A former West Australian government advisor has received a settlement of almost $300,000 after suing the premier and several of his staff members for defamation.Steve Kaless, a former senior advisor to then-Treasurer Ben Wyatt, was acquitted last year of indecent assault.
(Bloomberg) -- The head of sustainable finance at Goldman Sachs Group Inc. says companies are starting to provide more data on their climate and social metrics than is useful for investors.John Goldstein, who’s been running the Wall Street firm’s sustainable finance group since it was created in 2019, says the risk is that asset managers lose track of what’s important, and businesses buckle under the paperwork as they try to demonstrate their commitment to environmental, social and governance goals.“My mantra tends to be: if we could have better data on fewer things that matter more,” Goldstein said in an interview.“Companies feel like they’re asked for too many different things by too many different people, and that the list is changing,” he said. And “investors feel, to some degree, that they get a lot of noise and not a lot of signal.”Companies are racing to adapt their businesses as politicians, regulators and investors acknowledge that capitalism needs to change to prevent a catastrophic overheating of the planet. But the sheer volume of new regulations presents a challenge for both firms and investors as they try to figure out what’s expected. Goldstein says that to gain access to financing, some companies are having to provide more data than genuinely aids transparency.Sea Rise From Melted Land Ice May Double If Paris Pact FailsFitch Ratings says the European Union’s taxonomy requirements will help investors and regulators determine how sustainable a project or asset is, but “impose complex disclosure requirements on corporates.”Goldstein says the concern is that some of the demands being made on corporations might be counterproductive. “All of these emerging metrics, tools and data sets, when you get into the algebra of them, there still is that challenge of: do they inadvertently say you’re going to look a lot better if you just avoid the hard-to-do stuff?”He recalls a meeting with a chief financial officer who told him that she “had been asked for 2,000 different ESG data points in the last year.”But asset managers can’t afford to ignore ESG considerations, whether they’re pitching an investment product as sustainable or not, Goldstein said.“Increasingly, there needs to be an ESG story,” regardless what kind of product is being sold, he said. At the same time, excluding a company from portfolios “doesn’t mean it miraculously ceases to exist.”Government and international standard-setting authorities have acknowledged that greater coordination is needed, not least to ensure comparability across companies and asset managers, and to prevent greenwashing. The European Union last month unveiled new standards for classifying sustainable investments and expanded the climate reporting requirements that officials hope will be used globally.EU Eyes ‘Re-Engineering’ of Global Finance With Green StandardsMeanwhile, the market for sustainable investments is booming. Global issuance of ESG bonds will probably exceed $650 billion this year, after offerings tripled in the first quarter alone, Moody’s Investors Service said.Part of this year’s surge is due to the change in attitudes in the U.S. since the election of President Joe Biden, according to Goldstein.“If we look back at 2020, which was a pretty remarkable year for sustainable investing in ESG, all of that really happened with U.S. federal policy as a fairly pronounced headwind,” he said. Now, the U.S. “is a tailwind.”(Updates to add 2021 ESG bond market forecast)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The date of Eid-Al-Fitr changes each year
Northern Irishman won his first PGA Tour event in 18 months last week and heads to a happy hunting ground in Kiawah Island as a clear favourite
(Bloomberg) -- JAB is weighing an initial public offering of its pet-care portfolio amid booming demand for animal health-care services, according to people familiar with the matter.The Luxembourg-based conglomerate is exploring options for the business, which it built through the 2019 acquisitions of Compassion-First Pet Hospitals and National Veterinary Associates, the people said. It could seek a U.S. listing later this year or in early 2022, the people said, asking not to be identified discussing confidential information.Deliberations are ongoing and JAB could also seek an alternative to an IPO, according to the people. A representative for JAB declined to comment.JAB’s entrance into the market was well timed. During Covid-19 lockdowns animal health companies have been boosted by young consumers spending more on their cats and dogs. The bet also proved to be a buffer as JAB’s hospitality businesses, including Krispy Kreme Doughnuts Inc. and Pret A Manger Ltd. sandwich shops, have borne the brunt of the pandemic’s economic impact.Read more: Builders of $20 Billion Coffee Empire Have Their Eyes on PetsJAB filed confidentially for an IPO of Krispy Kreme earlier this month. It is considering seeking a valuation of about $4 billion for the business, which it bought in 2016 for roughly $1.35 billion, according to one person. JPMorgan Chase & Co. and Morgan Stanley are lead advisers on the Krispy Kreme listing, the people said.Representatives for JPMorgan and Morgan Stanley declined to comment.JAB is also weighing options for its Panera Bread Co. chain of bakery cafes, including a possible IPO in the U.S. this year or next, the people said. The New York Times reported in April that JAB was considering an IPO of Panera.Krispy Kreme and Panera are the latest food and drink companies to be lined up for a return to the public markets by JAB, following the 2020 listing of coffee giant JDE Peet’s NV, as it seeks to return money to investors after aggressive expansion in the sector.JAB is an investment vehicle for Germany’s billionaire Reimann family and manages more than $50 billion in assets. Its net debt stood at $7.6 billion at the end of 2020, up from $4.7 billion a year prior, according to its annual report.The company has shuffled its top ranks in recent months, promoting Joachim Creus and David Bell to senior partner positions as Chief Executive Officer Olivier Goudet seeks to accelerate growth. In April, JAB hired L’Oreal SA executive Lubomira Rochet to join the board of several of its portfolio companies, including those focused on fast-casual dining, pet-care and luxury.(Adds detail of leadership changes in final paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Chelsea's Nike home kit for next season has reportedly been leaked, showing a brand new blue design with yellow accents. In quite a departure from this season's kit, the 2021-22 design features a zig-zig pattern on the front and check pattern on the sides, both in two different shades of blue. The sides are also highlighted by a vibrant yellow, while the club badge has a yellow border alongside an all-yellow Nike tick.