Texas Sen. Ted Cruz has traveled to Mexico for a family vacation as his home state struggles with a weather crisis that has left much of Texas without power.
Texas Sen. Ted Cruz has traveled to Mexico for a family vacation as his home state struggles with a weather crisis that has left much of Texas without power.
Honda Motor Co Ltd on Thursday said it will sell a limited batch of its flagship Legend sedan equipped with level 3 autonomous driving technology that enables vehicles to navigate congested highways. When the level 3 "Traffic Jam Pilot" is activated, a driver can watch movies or use the navigation on the screen, helping to mitigate fatigue and stress when driving in a traffic jam, Honda said in a statement. The Japanese automaker's plan to sell 100 of the vehicles with the advanced technology would represent a significant step towards its goal of being the first company to mass produce a car with level 3 technology.
Amazon has opened its first checkout-free Go grocery store in the UK in the West London borough of Ealing.
Mail.ru on Thursday reported 2020 revenue of 107.4 billion roubles ($1.5 billion), slightly above a company forecast. Net profit fell 32.1% year-on-year to 10.0 billion roubles as it invested heavily in games and services such as online education, food delivery, and e-commerce. Fourth-quarter net profit was down 68.8% year-on-year to 1.77 billion roubles, while earnings before interest, tax, depreciation and amortisation (EBITDA) declined 25.4% to 7.31 billion roubles due to investments in games and other units, the London-listed firm said.
United have played themselves into a slog while their cross-city rivals have accelerated into the distance ahead of the Manchester derby on Sunday
(Bloomberg) -- Societe Generale SA will cut the bonus pool at its investment bank by about 20%, after trading hits in 2020 handed the group its first losing year in more than three decades.Across the company, payouts are being reduced by an average of 15%, according to a person familiar with the matter, who asked not to be named discussing confidential matters.SocGen’s markets unit, which posted a net loss last year, saw even bigger pay reductions, with some equity derivatives traders facing a bonus cut of more than 80%, another person said.The sweeping cuts cap a damaging year for Chief Executive Officer Frederic Oudea, who has seen shares of the French lender slump by more than two thirds since he took over in 2008. SocGen’s payout reductions are likely to be among the deepest at global investment banks after many peers seized on the pandemic market swings to deliver trading and deal-making gains.The bank’s traditionally-robust equity trading unit delivered a 49% revenue drop in 2020. The reduced variable compensation highlights the mixed performance around the region. UBS AG increased the bonus pool of its investment banking staff by 20% after a surge in trading revenue, while Credit Suisse AG grappled with legal hits and shrank its overall bonus pool by 7%. Read More: Traders Set to Win Spoils in Europe’s Uneven Bank Bonus Days A spokesman for SocGen declined to comment on the bonuses.European banks have been urged by regulators to show constraint in their bonus policy after receiving unprecedented support to weather the crisis. Last month, Deutsche Bank AG had to scale back on its payout plan after the European Central Bank objected to the proposed levels.Overall, bankers on both sides of the Atlantic are being handed bonus checks that aren’t quite in line with the trading windfalls that many have reaped amid the pandemic. That’s partly because while market gains may have rolled in, other businesses suffered due to the unprecedented economic contractions. Read More: Bonuses to Disappoint Bankers After Banner Year for Finance At Bank of America Corp., a flat bonus pool and policy changes on stock awards sparked anger among high earners. Citigroup Inc. left its overall pot unchanged for equities, while boosting it for bond traders by at least 10%. While bigger increases, with growth approaching 20%, have been discussed at JPMorgan Chase & Co. and Goldman Sachs Group Inc., payouts vary widely.(Updates with global peers comparison)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.
Modified vaccines designed to protect against emerging coronavirus variants will get fast-track approval under a pact announced on Thursday by medicines regulators in Britain and four other countries.
A newly updated US flag product range has been launched on Amazon as part of Rushmore Rose USA’s 5th anniversary. They are known for their quality flags made in the USA from premium materials and outstanding customer service.Wyomissing, United States , March 04, 2021 (GLOBE NEWSWIRE) -- Rushmore Rose USA has celebrated its 5th anniversary with a newly updated product range on Amazon. They offer premium-quality American flags that are 100% made in the USA, allowing customers to get a product they can display proudly with confidence. More information can be found at: https://www.amazon.com/dp/B01HMWWLCI The newly updated flag range is available on Amazon, and all of the products are guaranteed and certified genuine by the Flag Manufacturers Association of America. Now celebrating five years in business, Rushmore Rose USA has developed a reputation for high quality service that customers can trust. Their US flags are 3×5, 4×6 and 5×8 feet in size, with embroidered stars and stripes for a premium look and feel. Each flag is designed with quality in mind, so customers can display and fly them with confidence either inside or outside. Rushmore Rose USA explains that every time a customer buys their flag, they honor the veterans who have served their country and fought for their freedom. Proud Americans are passionate about hope, belief and freedom, and this has become synonymous with the US flag design. Each flag is made from durable nylon, allowing it to resist harsh weather. It has a reinforced polyester header, which contributes to its strength and durability. In addition to this, customers will find that it features heavy-duty brass grommets and a stitched fly hem reinforcing the quality-centered design. The flag is made by US employees on home soil, and always features the highest quality American materials as part of the design process. Additional information is provided at: https://store.rushmoreroseusa.com As part of the company’s commitment to quality, they offer a one-year warranty on all flags sold. They explain that any customer not happy with their purchase can get a full refund or replacement. A spokesperson for the company states: “We passionately believe that Old Glory should only be made in America and that anything else is a disrespectful fake, particularly to our veterans who sacrificed so much for our flag and our country.” Full details can be found at: https://www.rushmoreroseusa.com Contact Info:Name: Charles MillerEmail: Send EmailOrganization: Rushmore Rose USAAddress: 96 Commerce Dr PMB 1041 , Wyomissing, PA 19610, United StatesWebsite: https://store.rushmoreroseusa.com/ CONTACT: Name: Charles Miller Organization: Rushmore Rose USA Address: 96 Commerce Dr PMB 1041 , Wyomissing, PA 19610, United States
British bookmaker William Hill, which is being taken over by Caesars Entertainment Inc, posted a 91% fall in annual adjusted pre-tax profit on Thursday as it business struggled due to a lack of global sporting events and shop closures. The company, which operates around 1,400 betting shops in the UK, reported an adjusted pre-tax profit of 9.1 million pounds ($12.71 million) for the year ended Dec. 29, compared with 96.5 million pounds a year earlier. Online betting, however, has enjoyed a boost as coronavirus restrictions encouraged customers to bet more from home, with the company's online net revenue rising 9%.
Euro zone bond yields dipped on Thursday after a global bond sell-off a day earlier that spooked markets, with focus on a speech from Federal Reserve Chairman Jerome Powell due later in the day. Bets that U.S. stimulus would boost inflation and growth pushed government bonds worldwide to their worst performance in years in February. Central banks so far have appeared relatively sanguine about the rise in bond yields.
New Zealand Police have charged a man following a threat to carbomb the two house of worships targeted in the Christchurch Mosques terror attacks.On Thursday evening, Canterbury District Commander Superintendent John Price announced they had charged a 27-year-old man with threatening to kill.
ANNOUNCEMENT NO. 57 – 4 MARCH 2021 4 March 2021 Below please find the complete proposals for the annual general meeting in Dampskibsselskabet NORDEN A/Sat 3.00 p.m. CET on Thursday 25 March 2021 see notice of 25 February 2021. The following proposals have been made: Re. item C on the agenda: Proposed appropriation of profits or cover of loss in accordance with the adopted annual report. The Board of Directors proposes that profits be distributed as follows: DKK 9.0 in dividend per share of DKK 1 totalling DKK 340.2 millionmUSD60.5Reserve for net revaluation according to the equity methodmUSD31.7Retained earningsmUSD-6.2Total profitsmUSD86.0 Re. item D on the agenda: Election of members to the Board of Directors The Board of Directors proposes re-election of: Klaus Nyborg Johanne Riegels Østergård Karsten Knudsen Tom Intrator Helle Østergaard Kristiansen Stephen John Kunzer Information on the candidates can be found in appendix A, on NORDEN’s website www.ds-norden.com and in the Annual Report for 2020. Re. item E on the agenda: Appointment of state authorised public accountant The Board of Directors proposes re-election of PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab in accordance with recommendation of the Audit Committee. The Audit Committee has not been influenced by third parties and has not been governed by any third-party agreement that restricts the annual general meeting’s election of certain auditors or audit companies. Re. item F.1 on the agenda: Remuneration Report 2020/2021 for indicative ballot The Board of Directors proposes that the Remuneration Report 2020 be adopted by the Annual General Meeting. The Remuneration Report has been prepared in accordance with the requirements of section 139b of the Danish Companies Act and describes remuneration awarded or due during 2020 to the members of the Board of Directors and the Executive Management of Dampskibsselskabet NORDEN A/S. Re. item F.2 on the agenda: Amendment of Remuneration Policy The Board of Directors proposes an adjustment to the current remuneration policy approved on 12 June 2020. The proposal will allow the Board of Directors to grant Board members from abroad a travel allowance of up to DKK 15,000 per meeting in order to compensate them for extra time spent on travel in connection with board and committee meetings. The new remuneration policy, which has been approved by the Board of Directors, will take effect as from the adoption at the general meeting. Rationale: Dampskibsselskabet NORDEN A/S prioritizes being able to attract board members from abroad and to exempt the board members from travel expenses. Re. item F.3 on the agenda: Authorization to purchase treasury shares Proposal by the Board of Directors to authorize the Board of Directors to decide to let the Company purchase treasury shares in the period until next year’s annual general meeting at a total nominal value not exceeding 10% of the share capital at the market price applicable at the time of acquisition with a deviation of up to +/- 10%. Re. item F.4 on the agenda: Reduction of the share capital and amendment of the Articles of Association as a result of the capital reduction Proposal by the Board of Directors of a reduction of the Company’s share capital by nominal value DKK 1,500,000 by cancellation of 1,500,000 treasury shares. The share capital reduction is made at par value. The treasury shares covered by the proposal for cancellation were acquired by the Company through the share buy-back programs initiated on 19 August 2020 for the period 19 August 2020 – 28 October 2020 and on 4 November 2020 for the period 4 November 2020 – 26 February 2021. Reference is made to Company Announcement No. 22 of 19 August 2020 and Company Announcement No. 87 of 4 November 2020. The Company’s total purchase price for the treasury shares proposed to be cancelled has been calculated using the average price method and constitutes DKK 209,367,138 as of 3 March 2021, corresponding to an average price of DKK 139.58 per share of DKK 1 each. The total amount of the capital reduction of DKK 209,367,138 has been paid to shareholders. Before the share capital reduction is completed, the Company’s creditors will be invited to notify claims as stipulated by section 192 of the Danish Companies Act. The share capital reduction will be finally completed following the expiry of the date applicable for notification of claims, provided that the Board of Directors continue to deem the share capital reduction prudent. In connection with the completion of the share capital reduction, Article 4.1 of the Articles of Association will be amended as follows: “The Company’s share capital is DKK 39,200,000, divided into shares of DKK 1.00 each.” Rationale: The share buy-back programs were initiated to adjust the capital structure of the Company pursuant to Regulation 596/2014/EU and Delegated Regulation 2016/1052/EU. The proposed share capital reduction is mandatory to complete the adjustment of the capital. Kind regardsDampskibsselskabet NORDEN A/S The Board of Directors Appendices: Appendix A – Information on the proposed candidates for the Board of DirectorsAppendix B – Proposed remuneration policy.Appendix C – Remuneration reportAppendix D – Updated Articles of AssociationAppendix E – 5 years’ key figures and financial ratios Attachments No. 57 Complete proposals for the AGM 2021 Appendix A Appendix B Appendix C Appendix D Appendix E
Generals, they say, are always fighting the last war. And as Joe Root announced his team for the fourth Test in India, there was more than a sense that England were doing the same. In Ahmedabad last week, England picked three specialist seamers on a pitch that demanded only one. A Test played on fast-forward demanded depth in batting, not bowling. yet England had Jofra Archer batting in the same position as his Test average of eight. Archer and Stuart Broad, two of England’s four specialist bowlers, delivered just 11 overs between them. For this Test in Ahmedabad, England picked the side that, with hindsight, they should have deployed in the day-night Test. They only picked one specialist seamer, Jimmy Anderson, alongside Ben Stokes. Dom Bess was brought in as the second frontline spinner - in the process, providing some lower-order solidity. And, most strikingly, Dan Lawrence was selected as a specialist batsman at number seven, leaving England with only three frontline bowlers, and Stokes and Joe Root, fresh from his 5-8, in support. India vs England, fourth Test - day one: live score and latest updates from Ahmedabad The upshot was one of the most unconventional England sides picked in years. While Moeen Ali was a regular member of the side until 2019, England frequently selected him as the fourth bowler, with Stokes as the fifth, but his Test record as an off-spinner is of a different order altogether to Root’s. England also sometimes picked Andrew Flintoff as part of a four-man attack, with Paul Collingwood as the fifth bowler, but Flintoff bowled ten more overs a Test than Stokes throughout his career. This was not only a decidedly unorthodox team; it also looked like a side picked not to lose a Test rather than win one to level the series. But the Ahmedabad pitch gave England no doubts that the Test would race to a positive conclusion, even if with a little less alacrity than the two-day pink-ball Test. How had England got here? The detritus of five consecutive innings of under 200, culminating in the calamity of scoring 193 across both innings in the third Test, had pushed England to doing everything they could to fortify the batting line-up. A few years ago England had an abundance of all-round cricketers, enabling them to field a six-man attack which still included Adil Rashid, the scorer of 10 first-class centuries, at number six. Now, with Rashid, Moeen Ali, Chris Woakes and Sam Curran all unavailable for different reasons, England’s lower order has an altogether more porous feel. Read more: Sachin Tendulkar exclusive: The secrets of playing spin, Joe Root's brilliance - and why Test cricket needs more great rivalries And so, one Test after being dropped, after a sequence of 59 runs in six innings, Dan Lawrence was recalled. While his new position of seven will give him a better chance of thriving than batting at number three - where he has not batted for Essex since 2017 - that Lawrence was selected ahead of Rory Burns as the extra batsman still felt instructive. Burns has 23 Tests to Lawrence’s four, is a left-hander - like only Stokes of England’s top nine - and is seven years older. Picking Burns would also have allowed England to move Jonny Bairstow down the order away from number three. As Ishant Sharma and Mohammed Siraj generated movement and bounce with the new ball, they made clear that Archer and Broad would have been far less redundant than last week. In their absence, Stokes, who has taken only one wicket so far this winter, will have an essential role with the ball. But as he reached a fine 50 to help rectify England’s torrid start in more benign batting conditions, at least he could expect altogether more support with the bat. England’s team selection is an approach fraught with risk. But against these opponents in these conditions, the same would have been true of all the alternatives.
The Gunners are admirers of the 21-year-old centre-back - and here’s what fans could expect
(Bloomberg) -- Yemen’s Houthi rebels said they launched missile and drone strikes against a Saudi Arabian oil facility and a military base, as their attacks on the kingdom’s energy and security installations multiply.The Houthis, who are backed by Iran in Yemen’s civil war, said they bombed King Khalid Air Base in Saudi Arabia’s southwestern city of Khamis Mushait with a drone and hit a Saudi Aramco fuel depot in Jeddah with a Quds-2 cruise missile.Saudi officials also said they intercepted a “ballistic missile fired by the terrorist Houthi militia” toward Jazan, a city on the Red Sea coast near the Yemeni border and south of Jeddah.The extent of the damage, if any, was not immediately clear for any of the three locations.While most of the strikes claimed by the Houthis cause limited damage and few casualties, their frequency has roiled energy and shipping markets in the oil-rich Persian Gulf. Brent crude rose 0.7% to $64.50 a barrel on Thursday, extending this year’s gains to 25%.Aramco and Saudi officials did not immediately respond to requests for comment on the claimed Aramco attack.Tensions have mounted in the Gulf as U.S. President Joe Biden explores rejoining a 2015 accord designed to reduce Iran’s nuclear activities. The Pentagon said on Wednesday it may respond to a rocket assault on a base in western Iraq hosting its troops. While no group has yet claimed responsibility, the U.S. blamed Iran for an attack on the site last year.Washington carried out air strikes against Iran-backed fighters in Syria late last month in reaction to an attack on a military base in northern Iraq. Biden said that was a warning to Iran to “be careful.”Yemen WarThe Houthis have been fighting Yemen’s United Nations-recognized government since 2014. A Saudi-led coalition intervened the following year on the side of the government. The UN has called the conflict -- in which tens of thousands of people have died -- the world’s worst humanitarian crisis.Former U.S. President Donald Trump classified the Houthis as a terrorist organization last year, shortly after a number of attacks on oil tankers in the Red Sea. Biden rescinded that designation, saying it was hindering the efforts of aid workers to provide food and shelter to Yemenis living under Houthi control.Biden’s administration has vowed to end the conflict. Last month, it halted U.S. support for Saudi Arabia’s offensive operations and appointed Tim Lenderking, a former senior State Department official, to lead American peace efforts.The Houthis have had indirect talks with American officials, Mohammed Bakhiti, a member of the group’s political bureau, told Al Jazeera on Thursday. They haven’t resulted in any progress, he said.The communication was facilitated by Oman, Houthi spokesman Mohammed Abdulsalam told Russia’s Sputnik News on Wednesday.“As long as the aggression and blockade continue, we will respond with full force,” he said.(Updates throughout, adds map)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.
German business groups expressed dismay on Thursday after Chancellor Angela Merkel and state leaders agreed a gradual easing of coronavirus curbs but added an "emergency brake" to reimpose restrictions if case numbers get out of control. "The results of the coronavirus summit are a disaster for the retail sector," said Stefan Genth, chief executive of the HDE retail association. Other retailers can only reopen in regions where case numbers are below 50 cases per 100,000 people over seven days.
(Bloomberg) -- European stocks dropped and U.S. futures were steady on Thursday as Treasury yields stabilized following a renewed bout of bond volatility. The Stoxx 600 Index slipped 0.5%, dragged lower by miners as gold held near a 9-month low. S&P 500 and Nasdaq 100 futures recovered from an overnight slump, spurred by Treasury yields approaching 1.5% on Wednesday and rising inflation expectations.Yields dropped and the dollar was steady ahead of remarks from Federal Reserve Chairman Jerome Powell today, where he’s expected to say the central bank will be ultra-patient in pulling back its support for the economy after the pandemic has ended.MSCI Inc.’s Asia-Pacific gauge had its worst decline this week. The technology sector struggled while real estate, finance and energy shares outperformed amid a shift to value segments.The rise in inflation expectations and long-term borrowing costs is stoking volatility and raising concern that a prolonged rally in equity markets may be in jeopardy. Investors are trying to assess central banks’ appetite to buy more longer-dated bonds to keep financial conditions loose. The focus turns to Powell’s upcoming comments, after Chicago Fed President Charles Evans said the recent climb in yields reflected economic optimism.“Inflation is a concern; there is a lot of money sloshing around the system and it makes sense to have some sort of a correction right now,” said Shana Sissel, Spotlight Asset Group chief investment officer. “And bond yields going up is the market’s implicit way of tightening since the Fed has made it clear they don’t have the intention of doing so.”Read: U.S. Inflation Expectations Hit Decade High as Yields ResurgeDemocratic leaders in the Senate are working to consolidate support for the $1.9 trillion stimulus bill, which is expected to spur growth. The U.S. economy expanded modestly in the first two months of the year and vaccinations are aiding business optimism, according to the Federal Reserve’s Beige Book.Elsewhere, WTI oil traded near $62 a barrel, with traders focusing on a critical OPEC+ meeting that may see supply curbs eased, while tracking events in the Middle East after Houthi rebels said they hit a Saudi Aramco site with a missile.Some key events to watch this week:OPEC+ meeting on output Thursday.U.S. factory orders, initial jobless claims and durable goods orders are due Thursday.Federal Reserve Chairman Jerome Powell speaks Thursday.The February U.S. employment report on Friday will provide an update on the speed and direction of the nation’s labor market recovery.These are some of the moves in markets:StocksFutures on the S&P 500 Index were little changed at 8:20 a.m. London time.The Stoxx Europe 600 Index dipped 0.4%.The MSCI Asia Pacific Index declined 1.8%.The MSCI Emerging Market Index fell 1.8%.CurrenciesThe Bloomberg Dollar Spot Index was little changed.The euro fell 0.1% to $1.2052.The British pound was little changed at $1.3955.The onshore yuan was little changed at 6.468 per dollar.The Japanese yen weakened 0.2% to 107.20 per dollar.BondsThe yield on 10-year Treasuries fell three basis points to 1.45%.The yield on two-year Treasuries decreased less than one basis point to 0.14%.Germany’s 10-year yield fell three basis points to -0.31%.Britain’s 10-year yield declined two basis points to 0.755%.Japan’s 10-year yield rose one basis point to 0.132%.CommoditiesWest Texas Intermediate crude gained 0.7% to $61.69 a barrel.Brent crude gained 0.7% to $64.55 a barrel.Gold strengthened 0.4% to $1,717.78 an ounce.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.
A French court is set to hand down a verdict on former prime minister Edouard Balladur on Thursday over a decades-old campaign financing scandal, days after ex-president Nicolas Sarkozy was found guilty of corruption.
4 March 2021, Hamilton, Bermuda Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (“Golden Ocean” or the "Company”) announces that a Special General Meeting of the Company will be held on 26 March 2021. A copy of the notice of the Special General Meeting and associated information can be found at our website www.goldenocean.bm and in the attached document. The Board of DirectorsGolden Ocean Group Limited This information is subject of the disclosure requirements pursuant to Euronext Oslo Rule Book II item 4.2.4. Attachment 210304 Notice 26 March21 Special General Meeting
Sydney FC defender Ellie Brush has been ruled out for the rest of the W-League season, and is also set to miss the Olympic Games, after rupturing the anterior cruciate ligament in her right knee.Brush was injured in the final minutes of the Sky Blues' 6-2 win over Perth Glory last week, and will undergo surgery in the next few days.
Hong Kong has been excluded from the Heritage Foundation's Index of Economic Freedom because its economic policies are controlled from Beijing, the Washington-based think tank said, removing Hong Kong from a list it topped for 25 years up to 2019. The title of the world's freest economy for 2021 was retained by Singapore for the second year, the Heritage Foundation said, with Hong Kong's investment freedom hurt by political and social unrest dating back to 2019. In the 2021 index published on Thursday, the foundation said Hong Kong and Macau, both special administrative regions of China, were no longer included because even though citizens enjoy more economic freedom than the average resident of China, "developments in recent years have demonstrated unambiguously that those policies are ultimately controlled from Beijing".