ECB withdraws licence of Malta’s Pilatus Bank over corruption claims, financial watchdog says

first_img whatsapp The European Central Bank (ECB) has shut down of Malta’s Pilatus Bank after the lender was accused of corruption, the country’s financial watchdog said today.The scandal, which accused the private bank of processing corrupt payments, was uncovered by Maltese journalist Daphne Caruana Galizia who was murdered in October last year. Jessica Clark More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com The accusations against the bank included that it had facilitated money laundering for senior Azeri and Maltese figures. Maltese financial regulators recommended withdrawing the banking licence in June.“Further to the authority’s proposal to the European Central Bank to withdraw the authorisation of Pilatus Bank as a credit institution, the ECB’s governing council has decided to withdraw the authorisation of Pilatus Bank with effect from today,” the Malta Financial Services Authority said today.City AM has contacted the ECB for comment.  Share whatsappcenter_img ECB withdraws licence of Malta’s Pilatus Bank over corruption claims, financial watchdog says Tags: Trading Archive Monday 5 November 2018 1:36 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsAll Things Auto | Search AdsNew Acura’s Finally On SaleAll Things Auto | Search AdsBridesBlushWhat The Harry Potter Stars Look Like Out Of CostumeBridesBlushAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldlast_img read more

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Government-backed coronavirus lending tops £50bn

first_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach Raiderbonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comDefinitionThe 20 Worst Draft Picks Ever – Ryan Leaf Doesn’t Even Crack The Top 5DefinitionOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamaJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USA Tuesday 4 August 2020 9:58 am whatsapp Chancellor Rishi Sunak’s Treasury quickly set up the loan schemes at the start of the pandemic (Getty Images) Figures from HMRC showed that more than 9.6m people have been furloughed through the job retention scheme. The government has paid out £33.8bn in wages to people who may otherwise have been laid off. Companies have borrowed £13.08bn from banks under the coronavirus business interruption loan scheme (CBILS), which carries an 80 per cent government guarantee.  whatsapp Business call for help amid rising cases Business groups hope that recent changes to EU state aid rules will boost lending through CBILS. The rules had prevented some highly indebted or big-spending but viable firms from accessing loans. The changes only came into force on 30 July, however. Banks have now lent out £3.27bn through the coronavirus large business interruption loan scheme (CBILS). It too has an 80 per cent guarantee but the loans can be up to £200m. Chancellor Rishi Sunak’s Treasury quickly set up the loan schemes at the start of the pandemic (Getty Images) Also Read: Government-backed coronavirus lending tops £50bn By far the biggest programme is the bounce back loans scheme (BBLS), which had seen banks lend out £34.34 to small businesses as of yesterday, the Treasury said. It comes with a 100 per cent government guarantee and the loans can be up to £50,000. HMRC does not provide figures on how many people are currently on furlough, however. Chancellor Rishi Sunak’s Treasury quickly set up the loan schemes at the start of the pandemic (Getty Images) Also Read: Government-backed coronavirus lending tops £50bn The government’s loan schemes are due to end in the autumn. CBILS is set to close at the end of September and BBLS is due to finish in November. The government retains the right to extend the schemes, however. The figures came days after the government postponed the next stage of reopening the economy due to a rise in coronavirus cases. Venues such as casinos and bowling alleys are to remain shut and test runs of audiences in sports arenas will be cancelled. Government-backed coronavirus lending tops £50bn Harry Robertson Banks have now lent £50.7bn to companies through the various government-backed coronavirus loan schemes, official figures showed today. 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Yet the approval rate is still only around 50 per cent. “So there may yet be a need for more direct support to shore up cash flow, including extended business rates relief.”last_img read more

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Thane Road reopens after bluff washes out

first_imgThe Alaska Department of Transportation and Juneau Police Department have been notified.— Tripp J Crouse, KTOOShare this story: Juneau | Public Safety | Transportation | WeatherThane Road reopens after bluff washes outDecember 11, 2017 by Tripp J Crouse, KTOO Share:Isaiah Campos, maintenance foreman at the Alaska Department of Transportation, waits for road-clearing equipment to arrive after a mudslide Monday in Juneau. The slide happened near the intersection of Mill Street and Thane Road south of downtown Juneau. (Photo by Rashah McChesney/Alaska’s Energy Desk)Updated | 1:40 p.m. MondayAlaska’s Department of Transportation employees cleared Thane Road south of downtown Juneau after a mudslide on Monday afternoon.After days of heavy rain, a portion of the bluff collapsed. It left mud several feet thick in the northbound lane of the road, flooded at least a quarter-mile of the road with fast-moving water. A few trees dangling precariously close to nearby power lines.DOT maintenance foreman Isaiah Campos was one of the first to arrive on scene. Campos said DOT would not be closing the road, rather they’ll work to clear the mud and open a channel to divert water away from the road.Both lanes are open.— Rashah McChesney, Alaska’s Energy DeskOriginal story | 12:52 p.m. MondayAlaska’s Energy Desk reporter Rashah McChesney reports that a portion of the bluff along Thane Road has washed out onto the road.last_img read more

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Coast Guard scuttles Juneau’s troublesome tugboat Lumberman

first_imgThe derelict tugboat Lumberman is towed by a crew aboard the Coast Guard Cutter John McCormick, a 154-foot Sentinel–class vessel, to a position 54 miles west of Cross Sound, Alaska, on May 2, 2021. (courtesy U.S. Coast Guard)A salvage crew headed out early on Sunday. At first, everything went according to plan. But Coast Guard Chief Petty Officer Kip Wadlow says that the flooded vessel didn’t completely sink. Her bow continued to bob up and down, protruding from the water’s surface.“And then the John McCormick, a 154-foot fast response Coast Guard cutter, used its 25 mm deck gun to complete the sinking,” Wadlow said.Within 15 seconds, the waters of the Pacific closed over the ship as she sank to the ocean floor — an inglorious end to the saga of the Lumberman.In recent years, Juneau’s Assembly has since tightened up its anchoring rules on city-owned tidelands. And the Legislature passed a legislation requiring boats to be titled to tighten up the chain of ownership.All in the name of cracking down on derelicts and sparing them the notoriety of becoming a public nuisance, like the 80-year-old Lumberman tug boat.Share this story: Community | Housing | Juneau | Local Government | SoutheastCoast Guard scuttles Juneau’s troublesome tugboat LumbermanMay 4, 2021 by Jacob Resneck, CoastAlaska Share:The tugboat Lumberman sitting in Gastineau Channel at low tide on June 15, 2018 (David Purdy/KTOO)It was a foggy Sunday morning when the 80-year-old tugboat left Gastineau Channel. A Coast Guard cutter towed the Lumberman out for her last trip to sea.The black-and-yellow tugboat had long been a familiar sight in Juneau’s inland waters. She arrived in the late 1990s from Puget Sound and changed hands several times, decaying over the years to become a rustic liveaboard that skirted local laws.“We had a dispute with the owner at the time that he couldn’t be there. He claimed that he was on state lands and had the right to be there,” Juneau’s Port Director Carl Uchytil told CoastAlaska.Anchored on city-owned tidelands outside the harbor, the Lumberman sat in a jurisdictional no man’s land that was out of reach of local officials.The M/V Lumberman in 2017, with various vessels attached. (Courtesy of Dave Borg/Juneau Docks & Harbors)The vintage tug could often be seen from Juneau’s main highway with a collection of skiffs moored to her rusting hull. It became a magnet for people unable to find shelter in a community that’s long struggled with a lack of affordable housing.“Of course, there was that unfortunate accident where two people perished going out to the Lumberman,” Uchytil said, referring to a December 2017 accident when a skiff carrying five people and a dog overturned while heading out to the tugboat. Two men were never found.The city later moved to condemn the 192-ton vessel after she broke her anchor chain and drifted off state-owned tidelands.But then came the question of whose responsibility it was. The owner was long out of the picture. The state didn’t want her. The Coast Guard didn’t consider her a navigation hazard. And scrapping her would have cost too much, so she sat for more than a year — abandoned — tied to a city dock.“This is just the typical poster child of what a derelict vessel is,” Uchytil said, “where people aren’t responsible with their vessels, passing them from one person down to another.”To date, the city’s Docks and Harbors spent about $160,000 to clean and prep and ultimately scuttle the ship. The Coast Guard spent close to $70,000 to remove hazardous materials.Still, nobody really wanted to sink her. Juneau’s Docks & Harbors even appealed to the public for ideas for what could be done with the hulking beauty.Uchytil says the community had a range of pie-in-the-sky ideas, from converting it into a beachfront fish-and-chips stand to a community flower garden.“There was never an organization that said, ‘I’ll take it over, I have some funding, I will do this,’” he said.That was three years ago. In all that time it would remain the city’s problem. Then last fall, federal regulators issued a permit green-lighting sinking the ship in about 8,400 feet of water.The plan called for her to be towed about 55 miles west of Cross Sound. Uchytil worked with a salvage firm to rig the tugboat with remotely opening valves that could flood the 107-foot tug at a flick of a switch.“We had consulted with a naval architect to make sure that the vessel would indeed flood and sink in that proposed spot,” he said.last_img read more

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Rocky year ahead for flotations as market uncertainty reigns

first_imgMonday 5 January 2015 8:54 pm Express KCS Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap whatsapp Rocky year ahead for flotations as market uncertainty reigns Share Show Comments ▼ THE GENERAL Election in the UK and turmoil abroad could shake the equity capital markets in 2015, JP Morgan’s regional boss told City A.M.Vis Raghavan expects some flotations to take off strongly in any case, but predicts more marginal firms to either hold off floats or cut the price of their stock when volatility strikes.“You have the election looming in the UK, events in Greece and Europe, global macro themes around Russia, Ukraine, Iran – quite a few events which will drive sentiment,” Raghavan said, speaking after JP Morgan topped Dealogic’s 2014 investment banking revenue rankings. whatsapp Tags: IPOslast_img read more

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News / MSC links up with INTTRA to help shippers comply with new container weight verification rules

first_img Mediterranean Shipping Co (MSC) has signed a partnership agreement with container shipping booking platform INTTRA to help shippers making bookings complying with new container weight regulations.MSC will use INTTRA’s eVGM (electronic verified gross mass) software for receiving VGM submissions from shippers.Under the new regulations, beginning 1 July, shippers must deliver a VGM document to their carrier that confirms the weight of the container and its contents, either by having the container weighed or by having the contents weighed and added to the box’s tare weight. A box with no VGM will not be loaded on the vessel.As what is officially an amendment to the International Maritime Organization’s Safety of Life at Sea looms closer, carriers have begun to issue guidelines to shippers and forwarders on how to submit the VGM documentation.For example, OOCL last week set up a VGM guidelines page on its website, but in terms of how customers would actually submit the information, the Hong Kong-based carrier said: “OOCL highly encourages shippers to provide the information through electronic means, and we will publish details and guidelines on this communication method at a later date.”By signing up with INTTRA, MSC appears to have effectively outsourced various issues, such as a where in an EDFI booking form the VGM field should be placed.MSC chief technology officer Fabio Catassi said: “INTTRA’s eVGM tool will help us to make it as easy as possible for our clients to submit VGMs digitally.  We believe this tool will help minimise potential disruption to our customers’ shipments and additional costs associated with terminal storage or transportation.”INTTRA’s eVGM software comes in two versions, for carriers and shippers, and can also facilitate transmission of VGMs from carriers to terminals – another step required before a container can be loaded – and provide the necessary audit reporting.Here’s a series of screen shots from INTTRA’s eVGM filing system:Creating the eVGMA successful eVGM submissionSearching for an eVGMA user’s eVGM workplaceHow the eVGM audit looks By Gavin van Marle 31/03/2016last_img read more

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Premium / Supply chain radar: DSV preps to integrate a takeover target?

first_img Please Login Subscription required for Premium stories In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium By Alessandro Pasetti 29/01/2019 Email* Password* Forgotten your password? Please click here LOGIN Premium subscriber LOGIN New Premium subscriber REGISTER DSV + Panalpina?We might be almost there.My source Sir Savvy has just noted that, anecdotally, he “remembered reading the same words used during the takeover of UTi Worldwide,” but, more importantly, there is more compelling, hard evidence supporting the signs written in the stars.While some sources talk of “no news being good news”, details are still sketchy, and several contacts remain tight-lipped, but two weeks after the initial proposal to take over Panalpina, sources say that DSV  is seriously preparing … << Go back Reset Your Password Please either REGISTER or login below to continue Email* Resetlast_img read more

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Laois motorists urged to take care on the roads as snow continues to fall

first_imgHome News Laois motorists urged to take care on the roads as snow continues… News Facebook Facebook Electric Picnic News Previous articleDeep sadness as young Laois Civil Defence member is laid to restNext articleIn Pictures: Music Generation Laois host 4th annual Tionól LaoisToday Reporter By LaoisToday Reporter – 13th November 2019 TAGSSnow But that rain turned to snow in the early part of the afternoon and it hasn’t stopped since.There are accumulations of snow on higher ground across counties Laois, Carlow and KildareAA Roadwatch has said that snow is affecting part of the M7 between J15 Ballybrittas in Co Laois and J14 Monastrevin in Kildare.There are also reports of spot flooding near the M7/M7 merge near Naas in Co Kildare.Motorists are advised to slow down and allow space between the vehicle in front.With temperatures set to drop below freezing tonight, conditions will remain tricky.The snow is set to clear tomorrow.SEE ALSO – Deep sadness as young Laois Civil Defence member is laid to rest Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role WhatsApp Kilmurray in the snow – Photo: Sarah Gorey Parts of Laois are covered in a blanket of snow this evening and it is making driving conditions very dangerous.Met Eireann and AA Roadwatch are asking drivers to exercise extremely caution on the roads as they make their way home from work tonight.Met Éireann earlier issued a status yellow warning for Carlow, Kildare, Kilkenny, Laois, Wicklow, Offaly and Tipperary, with heavy rain forecast.center_img Twitter Pinterest WhatsApp Laois motorists urged to take care on the roads as snow continues to fall Twitter RELATED ARTICLESMORE FROM AUTHOR Electric Picnic Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Pinterest Electric Picnic organisers release statement following confirmation of new festival datelast_img read more

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Mackenzie, Power Corp. finalize acquisitions of stake in China AMC

first_img Mackenzie finalized its acquisition of a 13.9% interest in China AMC, which involved two separate transactions previously announced on Dec. 29, 2016 and Jan. 5. Similarly, Power Corp. has completed the acquisition of 3.9% equity interest in China AMC, which had also previously been announced on Jan. 5. The firm also holds a 10% interest in China AMC from an acquisition in 2011. Thus, Power Corp. now also holds a direct 13.9% equity interest in China AMC. The acquisition of a fund management company in China is advantageous, in part, because “China is the second-largest economy and the world’s second-largest stock market,” says Jeff Carney, president and CEO of IGM Financial Inc., Mackenzie’s parent company and a Power Corp. subsidiary. “We believe that China AMC is the premier asset management firm in China, with $232 billion in assets under management as of Dec. 31, 2016, and it has more retail customers — 40 million — than we have people in Canada,” he adds. Adds Barry McInerney, Mackenzie’s president and CEO: “Our investment in China AMC will allow both companies to identify opportunities to work together on developing products in each other’s geographies and will lead the way to further subadvisory relationships.” Photo copyright: feiyuwzhangjie/123RF Leah Golob Mackenzie makes big push in China Toronto-based Mackenzie Financial Corp. and its indirect parent company, Montreal-based Power Corp. of Canada, now hold a combined 27.8% interest in China Asset Management Co. Ltd. (China AMC), the firms announced Thursday. Related news Share this article and your comments with peers on social media Keywords China,  Asset management companiesCompanies Mackenzie Financial Corp., Power Corp. iA Clarington aims for sleeker, cleaner product lineup Facebook LinkedIn Twitter CPPIB reports record return for latest fiscal year Desjardins buys Montreal boutique firm Hexavestlast_img read more

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38th Universal Periodic Review of human rights UK statement on Sierra Leone

first_img38th Universal Periodic Review of human rights UK statement on Sierra Leone The United Kingdom recognises Sierra Leone’s progress on human rights issues since its 2016 review, most notably in the field of media freedom. We call on Sierra Leone to ensure these principles of freedom of expression are protected in all future legislation including potential legislation on digital space.The UK welcomes President Bio’s public commitment to abolish the death penalty. It is encouraging that Sierra Leone is taking tangible steps to abolish the death penalty from the statute books.We recommend Sierra Leone:Criminalise forced marriage and provide ongoing support to victims of forced marriage and victims of modern slavery;Implement its public ambition to abolish the death penalty as soon as possible via promoting relevant legislation through parliament this year;Adopt an open, merit-based process when selecting national candidates for UN Treaty Body elections.Thank you. /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:digital, future, Government, Human Rights, legislation, marriage, modern slavery, parliament, penalty, President, Sierra Leone, Slavery, treaty, UK, UK Government, UN, United Kingdomlast_img read more

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