Australia’s Energy Policy Comes Under Global Scrutiny

first_img FacebookTwitterLinkedInEmailPrint分享Sydney Morning Herald:Australia’s backing of the fossil fuel industry is expected to come under more scrutiny at the Bonn climate talks in Germany, as a global effort to reduce coal use gathers momentum.Britain and Canada were expected to launch the Global Alliance to Power Past Coal at a Thursday media conference aimed at phasing out consumption of the high-emissions fuel.The alliance was expected to announce nine more nations would sign up to the group, including Italy, France, Mexico and Finland, an at least one African nation, Reuters reported.The Marshall Islands, one of the alliance members, stepped up its criticism of Australia’s policies, with its President, Hilda Heine, saying every nation should seek to end burning coal to prevent dangerous climate change.“We are very disappointed, I would say, in Australia because we are neighbours to them,” President Heine said on Wednesday, adding that Canberra was well aware of the threat facing low-lying nations in the region.“So we hope that maybe a new government can come in and change the position of the current government, which is continuing to promote coal,” Dr Heine said.Adam Bandt, the Greens climate spokesman who is attending the Bonn conference, said Australia was emerging as one of the chief blockers at the talks.“Instead of joining with other developed countries to announce a coal phase-out, Australia has aligned itself with [President Donald] Trump’s US in a coalition of coal huggers,” he said, adding the Marshall Island’s call for a change of government was “unprecedented”.“The only praise Australia has received at this summit has been from a coal baron, brought out by Trump’s US team, who lauded the Turnbull government for ‘putting coal back on the table’.”Tim Buckley, a director of the Institute for Energy Economics & Financial Analysis, said nations like Marshall Islands were not likely to have much choice in campaigning against fossil fuel use.“They’re facing an existential threat to their country,” he said. “It’s not like they are trying to get a trade advantage.”Mr Buckley also pointed to this week’s release of the World Energy Outlook 2017 by the International Energy Agency that had quietly cut estimates of coal demand out to 2040 by 5.1 per cent.While the cut is not huge, the agency’s repeated underestimates of renewable energy’s expansion meant its coal demand would likely be too optimistic.The IEEFA, for instance, expects global installations of new solar energy to be 50 per cent higher – at more than 100 gigawatts in new capacity – than the IEA is predicting for the annual uptake of 73 GW for the next five years.More: Call for a change of Australia’s government as anti-coal alliance gains momentum Australia’s Energy Policy Comes Under Global Scrutinylast_img read more

Northport Man Pleads Guilty to Carjacking With Uncle

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 23-year-old Northport man has admitted to his role in a carjacking with his uncle who drove into two Suffolk County police officers trying to stop them last year.Nicholas Franzone pleaded guilty to charges of robbery, criminal possession of stolen property, unauthorized use of a vehicle, petty larceny and unlicensed operation of a vehicle Tuesday at Suffolk County court.The plea came two weeks after his uncle, 35-year-old Chad Moriszan, also of Northport, was sentenced to 25 years in prison for pleading guilty to similar charges plus assault, assault on a police officer and leaving the scene.Authorities said Moriszan stole a Ford Explorer from Commack. When two police officers pulled him over in Huntington, he drove into the officers with the SUV as he fled the scene in September 2014.Morizsan and Franzone then carjacked another vehicle and stole credit cards from its 87-year-old owner in Commack. They were arrested at a Central Islip store hours later when they tried to buy a TV with the woman’s stolen cards, according to investigators.The two Suffolk officers who were struck, Nicholas Guerrero and Heriberto Lugo, were hospitalized for treatment of their injuries. Officer Guerrero suffered severe head injuries, underwent surgery and required physical therapy during his recovery.Judge Fernando Camacho is expected to sentence Franzone to 3 ½ years in prison on Sept. 9.last_img read more

EMV, Apple Pay, and an $11 million gift with CSCU’s Bob Hackney

first_imgContinuing our 2015 CSCU Conference interview series, we had a chance to spend a few minutes with CSCU’s President Bob Hackney on the company’s 25th anniversary, looming EMV deadline (Are you ready?), Apple and Samsung Pay see-saw, CSCU’s new Optimize platform, and a whopping $11 million gift to their clients.Another compelling discussion on the latest in payments technology and more with CSCU’s Bob Hackney. Enjoy!Visit:www.cscu.net continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img

The new Ciovo bridge has been opened!

first_imgNEW FERRY PORT IN TROGIR OPENEDAlso, last week a new ferry port was opened in Trogir, more precisely in Soline. It is an investment of 19 million kuna (ferry port with access road), which will significantly shorten the journey for the residents of the islands of Drvenik Veliki and Mali. Thus, in addition to the bridge, the people of Trogir and Drven also got the port they deserve.Related news:NEW FERRY PORT OPENED IN TROGIR, AND IN JULY THE LAND-CIOVO BRIDGE OPENS After as much as 50 years since the first mention of the bridge that will relieve Trogir, came the fact that today the mainland bridge – Ciovo – was officially opened.The mainland-island of Ćiovo bridge will increase traffic and mobility safety, shorten travel times, support regional development and enable better connections between the island and the mainland.The project of building a bridge between the mainland and the island of Ciovo, 547 meters long and worth more than 207 million kuna, is among the European funding projects, with 176,7 million kuna or 85 percent financed from EU funds.last_img read more

Antigen tests: Blunt but fast COVID weapon

first_imgThey could play a role in stemming the second viral wave in countries such as France and Britain, where demand for testing has surged and delays in delivering results are stacking up.The idea, according to Dominique Le Guludec, president of France’s health authority, is to get patients who test positive to isolate as soon as possible.”One case detected more quickly will allow for measures to reduce the risk of contaminating others,” she said. Threshold The precise reliability varies from model to model, leading the WHO to set a minimum accuracy threshold of 80 percent — that is the probability that a test will return a positive result if a person is infected.Negative results should be correct at least 97 percent of the time. This is important in ensuring that other viral illnesses such as seasonal flu are not conflated with COVID-19 cases. Less precise but faster than other forms of COVID-19 diagnosis, antigen tests — such as the 150 million kits ordered by US President Donald Trump this week — are another weapon in the pandemic battle, experts say.Whereas tests such as RT-PCR nasal swabs require sophisticated lab equipment to detect the virus’ genetic material, antigen tests offer the prospect of a result within minutes without any specialist gear. Speed is key The size and shape of a credit card, the tests use a paper strip containing coronavirus antibodies that react when they touch the virus’s spike protein, similar to how a home pregnancy test reacts to hormones.However, the antigen tests may require further confirmation by a PCR test, particularly if a person tests negative but appears to have symptoms.According to the World Health Organization, the antigen tests can be used to detect COVID-19 in regions where there is a shortage of PCR tests, or when there are “prolonged turnaround times” for results.center_img Testing gap The WHO on Monday announced some 120 million antigen tests will be available for poorer nations at a cost of $5 each. It said the $600-million scheme would enable low- and middle-income countries to close the dramatic gap in testing.”This will enable the expansion of testing, particularly in hard-to-reach areas that do not have lab facilities or enough trained health workers to carry out PCR tests,” said WHO director-general Tedros Adhanom Ghebreyesus.  Timing keyTheir usefulness also varies significantly with time. They are at their best when an individual has a lot of virus in their nasal cavity, which is also probably the point at which they are most contagious.”Rapid antigen tests perform best when the person is tested in the early stages of infection with SARS-CoV-2 when viral load is generally highest, said the US Centers for Disease Control. The WHO says the tests should be administered “within the first 5-7 days following the onset of symptoms”.Topics :last_img read more

People moves: GSK appoints UK pensions chief; LSR names new CEO [updated]

first_imgLSR – Iceland’s Pension Fund for State Employees (LSR) has appointed Harpa Jónsdóttir as its new chief executive. She replaces Haukur Hafsteinsson , who announced his retirement in March, after working for the ISK826bn (€6bn) pension fund – Iceland’s largest – for 37 years. Jónsdóttir previously worked as director of the financial stability division at the Central Bank of Iceland. Columbia Threadneedle Investments – Mark Burgess , CIO for the EMEA region and deputy global CIO at Columbia Threadneedle, is to leave the asset manager to take a career break after nine years at the firm. He will depart the firm on 27 September.William Davies , currently the group’s global head of equities, will take on Burgess’ EMEA role, the company said. He joined Columbia Threadneedle in 1994 when it was founded, initially as a European equities portfolio manager. He became head of European equities in 1999 and of the global equities team in 2011. He has been global head of equities since 2017, overseeing all the company’s equity teams.Burgess said: “In this ‘age of longevity’, I am looking forward to taking a break to spend time with my family, pursue some of my other interests and consider the next phase.“The ability to hand over the mantle to William Davies, an exceptional investor and people leader, has made the decision easier and I look forward to seeing the continued growth and success of the EMEA investment team under William’s leadership.” Willis Towers Watson – The consultancy has named Rash Bhabra as head of its retirement business in Great Britain. Bhabra has been with Willis Towers Watson for more than 20 years, in roles such as head of the financial services group and head of corporate consulting, and is replacing Peter Rowles , who will be retiring at the end of 2019.Rowles has spent the past five years as head of retirement for Great Britain, and will have worked at the consultancy for 32 years in total.Gresham House – The UK-based asset manager has hired Richard Staveley from Majedie Asset Management as a managing director in its strategic public equity team.Tony Dalwood, Gresham House CEO, said Staveley’s appointment would help the company’s push into offering listed equity products and strategies, following the launch of a joint venture with Aberdeen Standard Investments in March.Before joining Majedie, where he was responsible for small caps, Staveley was a founding partner of River and Mercantile Asset Management. He has also served as head of UK small companies at Société Générale Asset Management.Law Debenture – The listed professional services firm has appointed Keith Scott as a trustee director. He joins from BMO Global Asset Management where he was a client director, managing pension funds and focusing on liability-driven investments, credit, and ESG.Scott was previously at IBM, where he spent 17 years in various pension roles – latterly European pensions director.AXA Investment Managers – Simon Baxter has been appointed to the French asset manager’s “buy and maintain” fixed income team as a portfolio manager, based in London. The buy and maintain team focuses on global credit and “cashflow delivery” investment strategies and manages £305bn.Baxter has previously worked at Morgan Stanley Investment Managers and BlackRock, in both cases managing global credit investments. Aon – The consultancy giant has appointed Stephen Purves as a partner in its risk settlement team. He was previously head of core business at UK-based insurer Aviva , responsible for four teams and leading on several bulk annuity transactions. He has also worked at Mercer and Higham Group.Aon has advised on a number of major bulk annuity deals this year and has predicted that total transactions for 2019 could hit £40bn by the end of the year. Intermediate Capital Group (ICG) – Julia Beinker has joined the €36.8bn asset manager as a managing director to support its growing distribution activities in Europe. She will initially focus on Austria and Germany, the company said. ICG’s assets under management in Austria and Germany have grown by 6% in the last two years, it added.Beinker was previously at Muzinich & Co where she was also responsible for distribution in Austria and Germany. She has also worked for Deutsche Bank.Smart Pension – UK-based Smart Pension has appointed Mark Howard as its general counsel for pensions and financial services. He joins from law firm Clyde & Co where he worked for 14 years, latterly as head of pensions.Smart runs a UK defined contribution, multi-employer master trust. The trust received authorisation from the Pensions Regulator this week.Cairn Capital – The $4.5bn (€4.1bn) credit investment specialist has named Nicholas Chalmers as its new CEO, succeeding founding CEO Paul Campbell .Campbell co-founded Cairn Capital in 2004. He will continue to serve the firm as a senior adviser and a member of its investment and capital allocation committees, the company said in a statement.Chalmers was previously CEO and president of boutique investment house Oceanwood Capital Management . His appointment is subject to regulatory approval. XPS Pensions Group – The UK consultancy firm has named Ben Gold as head of investment, taking over from Patrick McCoy who has become head of advisory for the company’s pensions and investment businesses.In a statement, McCoy said his new role was aimed at ensuring XPS produced “well thought through, joined-up advice across all our advisory service lines, which helps clients meet their long term goals”.Gold joined XPS nearly five years ago as head of investment for its Leeds office, and was previously an investment consultant at KPMG.Svensk Försäkring  – Louise Sander has been appointed as the new chair of the industry organisation for Swedish insurance companies Svensk Försäkring. She is the chief executive of Handelsbanken Liv , the life arm of the Swedish banking conglomerate. and has been a member of the supervisory board of Svensk Försäkring since 2013. The insurance body said she took up the role on 1 September. Achmea – Achmea Pensioen & Levensverzekeringen has appointed Robert Otto and Michel Lamie as members of the division’s statutory board as of 1 September. They replaced Frans van der Ent and Martin Heuvelmans, division chairman and financial director, respectively, who are to continue in their roles.Achmea said the moves were part of organisational and governance changes, designed to create closer links between the market-focused chains and to simplify the organisation’s management.AFM – Dutch regulator Autoriteit Financiële Markten has named Rob Langezaal as member of its supervisory board (RvT) as of 1 September.From 2007 to 2015, Langezaal was a member of the executive board of SNS Retail Bank. He worked as chief client officer at Volksbank between 2015 and 2018. Prior to this, he had several positions at telecoms firm KPN during a 25-year spell, including general director of KPN Retail. His appointment is for a 4-year period.The AFM’s RvT is now complete and also comprises Martin van Rijn – a former CEO at the €211bn asset manager and pensions provider PGGM – Willemijn van Dolen, Wendy de Jong and David Voetelink.The Pensions Ombudsman (TPO) – Caroline Rookes , former chief executive of the Money Advice Service , has been appointed interim chair of TPO, the body responsible for resolving complaints relating to pension funds and retirement savings.Prior to the Money Advice Service Rookes was director of private pensions at the Department for Work and Pensions. She is also an experienced pension trustee and from 2015 to 2019 was a non-executive trustee at NEST.Northern Trust – The financial services giant has hired Rob Dixon from State Street to join its London-based transition management team, which covers Europe, the Middle East and Africa. Northern Trust has also appointed Mat Cook – also from State Street – to establish a dedicated transition management team in Sydney, Australia.SYZ Asset Management – Adrien Pichoud , chief economist, has taken on the role of head of total return strategies, leading a new team. Under the new structure Maurice Harari will oversee equity allocation with the support of the global equity team for security selection, credit selection will be performed by the credit team led by Antonio Ruggeri , and Christophe Buttigieg will oversee the emerging market debt exposure.Morningstar – Libby Bernick will join Morningstar as its head of sustainability effective 9 September. She was most recently at Trucost , an ESG analytics firm that is now part of S&P Global, where she was most latterly managing director and global heaad of Trucost corporate business. She replaces Steven Smit , who recently left Morningstar. Her role at the fund analysis firm will be to lead its cross-functional ESG research team. PIMCO – Nick Granger has been hired from Man Group as managing director and portfolio manager for quantitative analytics. The fixed income manager said he would lead its quantitative team from the company’s base in Newport Beach, California, working with its more than 255 portfolio managers. He will take up his role in the first quarter of next year.At UK-listed hedge fund Man Group, Granger was chief investment officer for the Man AHL unit as well as a member of the group’s executive committee. He joined Man AHL in 2008, having previously been an equity derivatives strategist at JP Morgan. GlaxoSmithKline, LSR, Columbia Threadneedle, Gresham House, Law Debenture, AXA IM, Aon, ICG, Smart Pension, Cairn Capital, XPS, Svensk Försäkring, Achmea, AFM, Pensions Ombudsman, Northern Trust, SYZ AM, Morningstar, PIMCOGlaxoSmithKline – The pharmaceuticals giant has appointed James Chemirmir as UK pensions director, responsible for overseeing GSK’s £12.6bn (€13.9bn) pension arrangements. He replaces Dan McDonald.Chemirmir was previously an actuarial manager at audit and consultancy group EY , according to his LinkedIn page. He took up his role at GSK on 2 September.last_img read more

At least 8 dead in Germany shootings

first_imgBERLIN – At least eight people werekilled in two shootings at shisha bars in Germany, with an unknown number of attackersstill at large, police and media said. The first attack occurred at the“Midnight” bar in the centre of the city around 10pm (2100 GMT),police and reports said. Witnesses reported hearing a dozen shots, local mediasaid. An AFP journalist at the scene sawaround thirty police cars leaving Hanau police station and, according towitnesses, police officers with machine guns were deployed in the city. (AFP) At least five people were also seriouslywounded, reports said. The shootings late Wednesday targeted bars in Hanau, according to local media. AFPcenter_img The attacker, or attackers, then fledthe scene by car, according to police. There was then a second shooting atArena Bar. The shootings late Wednesday targetedbars in Hanau, about 20 kilometres (12 miles) from Frankfurt, according tolocal media, where police launched a huge manhunt for the gunmen. According to local media reports, threepeople were killed in front of the first bar and five in front of the second.last_img read more

Mourinho backs Chelsea to win title

first_imgJose Mourinho believes his Chelsea team are capable of winning the Barclays Premier League title and that Manchester United and Manchester City – the champions in the past two seasons – profited from their rivals’ mistakes, rather than blowing the opposition away. The return of the self-proclaimed Special One, whose second spell as a Premier League boss begins against Hull on Sunday, means the Blues are many people’s favourites to lift a first title since 2009/10. The Portuguese led Chelsea to a first championship in 50 years in 2005, his first season in charge, after proclaiming the Blues would win the title, but nine years on he would say only that his current squad could triumph. Arsenal boss Arsene Wenger believes six teams – United, City, Chelsea, Arsenal, Tottenham and Liverpool – are in title contention and Mourinho agrees. “We don’t see that somebody this season can destroy the competition by winning 95, 100 points,” Mourinho said. “By one side it’s good, competition is very, very high. But we have all the managers, to try to keep that competitiveness, but by all of us being really good. That would be fantastic for the competition.” Chelsea have an experienced core group – Petr Cech, John Terry, Ashley Cole, Frank Lampard and Michael Essien among them – as well as young players full of potential, such as Eden Hazard and Kevin de Bruyne. Mourinho believes his side will evolve and grow as the season progresses, rather than previously when he had established global stars, bought with Roman Abramovich’s millions, ready to deliver. He said: “This team step by step will be better, and step by step will make less mistakes and step by step will be more solid. This competition lasts 10 months and 38 matches. Let’s go step by step.” Mourinho returns to Stamford Bridge on Sunday still to taste Premier League defeat at home as Chelsea boss. He enjoyed a long period of home success with Porto, Chelsea and Inter Milan, but says the 60-game unbeaten run at Stamford Bridge is certain to end. “I have to lose some time,” he said. “Two seasons in Porto, no defeats at home, three and a half at Chelsea, no defeats at home, two at Inter, no defeats at home. That’s not normal. My team is going to be strong at home? Yes, for sure. “We are going to win lots of matches at home, for sure. We are not going to lose many points at home, for sure. But if we lose a match I think it’s not a drama, it’s normal. We are ready.” “We can this season, of course we can, we want to think we can, but it’s a different process,” Mourinho said. “They don’t need that added pressure. I don’t think they need outside pressure to say that they have the conditions to do it.” United won last season’s title at a canter and although he believes the competition is collectively stronger, Mourinho does not think individual teams are as good as in the past. He said: “Sometimes you win because you are tremendous and other times you win because you are the best. But you can be the best without being tremendous. “Do you think Man United last year won the Premier League because they were an unbelievable team? I don’t think so. The other contenders, they didn’t have a very good season. “The same thing the season before, when Man City won the title in the last second of the competition. Were they an extraordinary team? I don’t think they were. “I think other teams made so many mistakes that Man City finally won the competition. “You had in past years a fantastic Arsenal that won almost every game and was champion without a single defeat, you had Chelsea which has the record of points in the Premier League. You have the Man United that won the title after our double that had an unbelievable season too. “The champions, in other seasons, were magnificent. Especially in the last two seasons, I felt not. I felt the champions were the champions as a consequence of many things, not just because they were phenomenal, because in my opinion they weren’t phenomenal.” Press Associationlast_img read more

Alder doubtful for Festival run

first_img “It’s looking unlikely that he’ll be there,” said Mullins. “He got a bruise on a hoof which put him back a few days. “It doesn’t look good. I’d previously said we needed everything to go right every single day and I put the mockers on myself. “I’d say it’s 60-40 against him running, at best, and we’ll know more in a few days. “As for Aintree and Punchestown, I’m just not sure. We’ll have to wait and see if it settles down.” Dual Cheltenham Festival winner Alderwood is unlikely to run at this year’s meeting, according to trainer Tom Mullins. Press Associationcenter_img The 10-year-old won the County Hurdle in 2012 before following up in the Grand Annual Chase at the meeting last year and is as short as 8-1 for the BetVictor Queen Mother Champion Chase this time around. However, he has not been seen since making his seasonal reappearance in October and while Mullins had been hoping for another Festival run, he admits it is “60-40 against” the gelding running at Cheltenham. last_img read more

Seaton, a future in the making!

first_imgSIT down with 12-year-old Leon Seaton, strike up a conversation about swimming, and you will learn that this is one young man who is very passionate, and very confident about being a swimmer.“I just love the competition,” said the North Georgetown Secondary School first form student, as he gazed attentively across the pool of the National Aquatic Centre.“I feel fit, and it helps me in my education in some ways, and it’s a good stress relieving outlet for me I would say.”Seaton’s love for the sport, backed by his hard work and capable skills, has now helped to craft him into one of Guyana’s current top junior swimmer.“It hasn’t been easy. Since primary school, I’ve been waking up in the morning, going to swim, then school, then coming back to swim, I would go home, do my homework, and then have to be in bed. Some mornings I don’t come to the pool because I didn’t finish my homework, so it’s been a bit of a rough path for me during my time as a swimmer,” Seaton revealed.But the hard work has not been without its fruits. With regard to the sport locally, Seaton has a notable track record for his age. In his seven years thus far as a competitive swimmer, Seaton is a Goodwill Swimming Championship multiple silver medallist and a National Schools Championship multiple gold medallist. He also secured medals at the invitational meets in Barbados, Suriname and Trinidad and Tobago.Although the Guyana Amateur Swimming Association (GASA) has no up to date records, Seaton has held multiple national age group records for the Boys’ 11 to 12 category, while he had also set a few in the Under-8, and 9 to 10 age group categories.Seaton’s began swimmimg back in 2009, at age five, after his parents believed he needed some extra curricular activity to keep him busy.Seaton is very delighted with the accomplishments he has made in the pool, but he’s unabashed to recollect how hard it was for him when he first started out, he even laughs about it.“At first it was painful, well I was five. In my first competition I jumped overboard, and I started to cry, because I wasn’t that confident as yet. But as years went by, I’ve built that confidence, and here I am now today swimming for Guyana,” he said.Seaton is still brimming with pride for being the only Guyanese swimmer to date to qualify for this year’s CARIFTA Swimming Championships, set for the Bahamas in April.Seaton credits this accomplishment to all his coaches who have been a part of his development.This will be Seaton’s first year attending the regional age group meet, where hundreds of swimmers from 26 countries are set to participate.Seaton clocked a fated 27.97 seconds to make it in the Boys’ 11-12 50m freestyle, not far off the 26 seconds record for the event at CARIFTA.Last year this event was won at CARIFTA in a time of 27.07 seconds.last_img read more