Lebanon’s cabinet under pressure as ministers quit and anger grows over Beirut blast

first_imgBeirut’s governor said many foreign workers and truck drivers remained missing and were assumed to be among the casualties, complicating efforts to identify the victims.Anti-government protests in the last two days have been the biggest since October when demonstrators took to the streets over an economic crisis rooted in corruption, waste and mismanagement. Protesters accused the political elite of exploiting state resources for their own benefit.Some Lebanese doubt change is possible in a country where sectarian politicians have dominated the country since the 1975-90 civil war.”It won’t work, it’s just the same people. It’s a mafia,” said Antoinette Baaklini, an employee of an electricity company that was demolished in the blast.Workers picked up fallen masonry near the building where wall graffiti mocked Lebanon’s chronic electricity crisis: “Everyone else in the world has electricity while we have a donkey.””It will always be the same. It is just a political game, nothing will change,” said university student Marilyne Kassis.An emergency international donor conference on Sunday raised pledges worth nearly 253 million euros ($298 million) for immediate humanitarian relief.But foreign countries demand transparency over how the aid is used, wary of writing blank checks to a government perceived by its own people as deeply corrupt. Some are concerned about the influence of Shi’ite movement Hezbollah, which is designated as a terrorist group by the United States.Iranian Foreign Ministry spokesman Abbas Mousavi told a televised news conference on Monday that countries should refrain from politicizing the Beirut port blast. He called on the United States to lift sanctions against Lebanon. Lebanese called for protests outside Baabda palace on Monday to demand President Michel Aoun step down after a massive explosion that has ignited anti-government protests and resignations by several ministers, with the justice minister the latest to go.Last week’s port warehouse detonation of more than 2,000 tons of ammonium nitrate killed 158 people, injured more than 6,000 and destroyed a swathe of the Mediterrnean city, compounding months of political and economic meltdown and prompting furious calls for the entire government to step down.The cabinet, formed in January with the backing of the powerful Iran-backed Hezbollah group and its allies, was due to meet on Monday under pressure with many ministers wanting to resign, ministerial and political sources said. Topics :center_img The information and environment ministers quit on Sunday as well as several lawmakers. The justice minister resigned on Monday, citing the catastrophic explosion.”The entire regime needs to change. It will make no difference if there is a new government,” Joe Haddad, an engineer, told Reuters. “We need quick elections.”Prime Minister Hassan Diab said on Saturday he would request early parliamentary elections.Aoun had previously said explosive material was stored unsafely for years at the port. He later said the investigation would consider whether the cause was external interference as well as negligence or an accident.last_img read more

Jokowi reaffirms Indonesia’s ‘massive downstreaming’ of natural resources

first_img“This will narrow down our current account deficit, increase our employment opportunities and start tackling fossil energy domination,” he said in his state of the nation address delivered before the People’s Consultative Assembly in Jakarta on Friday.Jokowi mentioned state-owned oil and gas giant Pertamina’s recent successful trial production of “D100” green diesel, a more engine-friendly biodiesel than the one currently available. He said the production would absorb “a million tons of farmer-produced palm” to produce 20,000 barrels of fuel each day.Indonesia is the world’s largest producer of palm oil, an industry that employs millions of citizens, mostly farmers. However, the palm oil industry is a major contributor to massive forest fires and deforestation.Jokowi also mentioned the government’s landmark ban on the export of nickel ore, a metal mainly used to produce steel and car batteries. Its demand is expected to rise alongside the rise of electric cars. The ban shook global markets as Indonesia is the world’s largest producer of nickel. Read also: Explainer: New rules in revised Mining Law“This will place Indonesia in an even more strategic position in the development of lithium batteries, the world’s electric vehicles and as a future technology producer,” he said.The President added that Indonesia would reform regulations and continue developing industrial estates, such as those in Batang, West Java, and Subang-Majalengka, West Java, to get more industries to invest in the country. He promised the giant estates would not undermine Indonesia’s micro, small and medium enterprises, which absorb over 90 percent of the domestic workforce.Developing downstream industries is part of the Jokowi administration’s larger ambition of transforming Indonesia from a commodity-driven economy into an industrial one, with the ultimate goal of becoming the world’s fourth-largest economy by 2045. Topics :center_img President Joko “Jokowi” Widodo has reaffirmed that Indonesia’s future natural resources policy will focus on “massive downstreaming” to produce higher-value products.The President, speaking before legislators, officials, political elites and foreign ambassadors, highlighted the country’s ambitious plans to develop domestic oil refineries, metal smelters, coal-to-gas facilities and better palm-oil based biodiesel. Read also: 75 years later, with Indonesia’s oil industry in decay, options are wide openlast_img read more

Arsene Wenger urges ‘discipline’ amid coronavirus outbreak

first_img‘We know the situation with the coronavirus is very serious and we need to put health first. Please follow all the recommendations and don’t forget to be disciplined. Do it at all times.’Arsene Wenger with some wise words amid the coronavirus pandemic pic.twitter.com/rNqWXH76aw— Metro Sport (@Metro_Sport) March 17, 2020 Comment Sean KearnsTuesday 17 Mar 2020 6:34 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link751Shares Arsene Wenger urges ‘discipline’ amid coronavirus outbreak ‘Hello everyone we know the situation with the coronavirus is a very serious one,’ said Wenger. ‘We need to put others first. Please follow all the recommendations that you get everywhere and don’t forget to be disciplined. Do it at all times.’More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityThe Premier League was suspended following Arsenal’s announcement that Mikel Arteta had contracted the virus.The Arsenal squad has since been put into isolation and the majority of Premier League clubs have followed suit.MORE: Manchester United want Premier League season wrapped up after coronavirus delays Euro 2020center_img Arsene Wenger is urging ‘discipline’ (Picture: BEIN)Former Arsenal boss Arsene Wenger has urged society to be ‘disciplined’ in their approach to the coronavirus outbreak.Prime Minister Boris Johnson brought the United Kingdom further in line with the rest of Europe on Monday by urging social distancing and telling all those with symptoms for covid-19 to self-isolate for two weeks.Despite the differing approaches across the globe, humanity faces the same threat and today’s announcement from Chancellor of the Exchequer Rishi Sunak means the economic effects of the virus are set to last for years to come. Read the latest: Coronavirus updatesADVERTISEMENTWenger has recently taken a role with FIFA and he buried the hatchet with old foe Jose Mourinho in a recent video to raise awareness for the fight against coronavirus.AdvertisementAdvertisement Visit our live blog for the latest updates Coronavirus news liveAnd the Frenchman has now released his own video, asking people to be as ‘disciplined’ as possible in following government advice. Advertisement Advertisementlast_img read more

Dutch regulator to increase scrutiny of sustainable strategies

first_imgWith regard to risks from an energy transition, a DNB survey found that 12.4% of Dutch pension funds’ balance sheets were exposed to carbon-intensive sectors facing increased transition risks. On a positive note, the regulator found that Dutch pension funds and other financial institutions appeared to have only limited exposures to countries deemed most vulnerable to climate change.It came up with this assessment after applying a “vulnerability index”.Green finance warningsDNB also cautioned that growth of the market for green finance could lead to a “green bubble”, where investments were overvalued and asset prices had to be adjusted.It also said that financial institutions should be aware of the risk of reputational damage due to greenwashing of products such as green bonds.There appeared to be a need for more “unambiguous standards” for green investments, the regulator said. Supervisors should not relax rules to promote sustainable finance, it added.“We have noticed that some parties are calling for such action at national and international fora, often arguing that capital requirements imposed on sustainable finance should be lowered,” it said.However, in DNB’s view capital requirements should not be lowered to realise social objectives, as their purpose was to absorb unexpected losses and must therefore adequately reflect properly quantified risks.Also, pricing negative externalities and fiscal incentives were more effective and efficient options for achieving climate goals, it said.DNB’s report is available here. Pension funds needed to broaden their approach to assessing energy transition implications as they, and insurers, often seemed to limit their considerations to their actively-managed equity portfolios, said DNB.“[A] more holistic approach regarding their total balance sheet is in most cases lacking,” it said.Real estate risksThe regulator also warned that a new sustainability requirement for Dutch buildings could pose risks for pension funds.Due to be effective from January 2023, the requirement means all office buildings must have at least a “level C” energy label, or else they must be taken out of use.It found that pension funds and insurers were less exposed to commercial real estate with lower range energy labels than banks were, but said that “as the owners of these buildings, pension funds and insurers are directly responsible for investing in sustainability measures”.Dutch pension funds have invested 9% in commercial real estate and their mortgage portfolios continue to grow, DNB said.The regulator added the investment impact depended on a number of factors and that it did not have a comprehensive overview of the label distribution of all investments and loans related to office buildings.Focusing on the physical impacts of climate change, DNB said that banks, insurers and pension funds needed to take into account the risk of flood damage impairing investments.The risk could be realised if flooding necessitated substantial public spending and shrank tax revenues, thereby triggering credit downgrades and affecting sovereign bonds held by pension funds, insurers and banks.#*#*Show Fullscreen*#*# Dutch pension funds should expect to be quizzed by their supervisor about their approach to climate-related risks, according to a report published by De Nederlandsche Bank (DNB) yesterday.The financial regulator said it intended to embed climate-related risks more firmly in its supervision with the aim of ensuring sustainable financial stability.It will incorporate climate-related risks in its assessment frameworks and address them in its interviews with supervised institutions, it said. These include pension funds and insurers.DNB is currently working on a stress test for risks arising from the transition to a lower-carbon economy. It is approaching this from macroeconomic and macro-prudential perspectives.last_img read more

Kalinago Chief optimistic that tourism will void demise of banana industry

first_imgKalinago Chief Garnette Joseph. Kalinago Chief Garnette Joseph says tourism could fill the void left by the demise of the banana industry.The chief says while several initiatives are still in the pipeline, the indigenous people could benefit once they materialize.He says the craft industry is already benefiting from tourism programs in the Kalinago Territory.“We are seeing how craft have developed and the number of persons who are involved in vending and this has stimulated craft production in the territory. We are seeing the changes slowly but surely and we are seeing the role that tourism is playing in the lives of the indigenous people.”Mr. Joseph further notes there are several tourist sites in the Kalinago Territory that are not being promoted.“There is one site that people have no idea about and that’s the centipede trail. It is not publicized and we expect that it would be at some time. We know that this site has the possibility of becoming a premier site. We want the people in that area to take advantage of the opportunities to develop the area,” he explained.Pcitured: Barana Aute in the Kalinago Territory. Photo credit: kalinagobaranaaute.comJoseph however indicated that some of the individuals who may want to develop the Centipede Trail may be concerned about obtaining proper financing to do so.“People are concerned about the financial support to develop new initiatives. Some cannot obtain loans from the bank because the collateral aspect of things is essential. The Kalinago land still cannot be used as collateral,” he explained. Meantime Manager of the Kalinago Barana Aute Kevin Dangleben says officials have developed a new coordinated approach towards the tourism sector in the Kalinago Territory.Dangleben said the Kalinago Territory holds tourism potential but it was not marketed properly in the past.He also added that the new initiatives will also boost economic activities in the community.Dominica Vibes News Tweet Sharing is caring! 68 Views no discussions LocalNews Kalinago Chief optimistic that tourism will void demise of banana industry by: – December 14, 2011center_img Share Share Sharelast_img read more

Batesville students visit Senator Leising in Indianapolis

first_imgIndianapolis, In. — Students from Batesville Intermediate School visit the Statehouse Tuesday, Oct. 3. Fourth graders from Mrs. Chelsea Eckstein, Mrs. Mary Lyness and Mrs. Shannon McBeath’s classes toured the Statehouse and learned about the branches of state government.last_img

Warrior books Ebor ticket

first_img Successful in the two-and-a-half-mile Ascot Stakes at the Royal meeting under Ryan Moore, the Willie Mullins-trained eight-year-old dropped back a mile in trip and was produced to perfection by rising star Jack Kennedy, bursting clear from the turn. Showing no signs of stopping from there, the 4-1 winner had a ready length and a half in hand of 7-2 favourite Golden Spear. Mullins said: “He’s improving all the time, the plan was the Galway Hurdle, but he wasn’t good enough to get in on ratings this year. “When I looked at this race I thought for the money it wasn’t really sharp, we had a good apprentice in Jack on his first ride for me and he was very good on him. “He didn’t get flustered, he waited for the gaps and took them when they came. He sat and waited for the race to unfold and when it did the horse had the gears. “Last September he won here and we know about horses for courses at Galway. “I’d imagine he’ll probably go for the Ebor if he gets in, if I can just freshen him up again that will be the plan. It’s a lovely prize.” Kennedy, partnering his 17th winner having been riding for three months, said: “It was brilliant, it’s nice to get on the board and in a big handicap and for Willie on my first ride for him is great. “He travelled brilliantly, he carried me everywhere. If anything I probably got there a bit too soon, but he stayed galloping.” Royal Ascot hero Clondaw Warrior starred on the fifth day of the Galway Festival as he burst clear to take the valuable Guinness Handicap and earn a tilt at the Ebor at York.center_img Press Associationlast_img read more

Castleton Sweeps Maine Maritime in NAC Twin-bill

first_imgCastleton, VT – Hilary Bemis went 5-for-6 and drove in six runs to lead Castleton to a sweep of Maine Maritime 9-1 (5 innings) and 10-1 (5 innings) in North Atlantic Conference softball action Saturday afternoon. With the wins Castleton improves to 11-9 overall and 5-1 in conference play. The Mariners fall to 2-14 on the season and 0-6 in NAC action. Both teams return to the diamond tomorrow afternoon (Sunday) for 12 noon doubleheaders, with Castleton hosting NAC unbeaten Husson and Maine Maritime traveling to Green Mountain.Game One: Bemis tossed a complete-game two hitter, allowing a Kayla Higgins homerun in the second inning and a Sam Rheaume single in the third.Game Two: Castleton plated six runs in the bottom of the first inning, four of which were unearned, and Castleton starter Tosha Whittemore twirled a complete-game two-hitter for the win. Whittemore allowed just one unearned run, while striking out eight and walking one. Nicole Poland singled and scored Maine Maritime’s lone run in the fourth inning.For complete story, pick up a copy of The Ellsworth American. admin Bio Hancock County Court News Nov. 3 thorugh Dec. 11 – January 22, 2015 Latest posts by admin (see all) Latest Posts House fire in Winter Harbor – October 27, 2014 State budget vs. job creation – January 22, 2015 This is placeholder textThis is placeholder textlast_img read more

Emotional Farewell as Wenger Ends Reign at Arsenal

first_img“I will miss you” Arsene Wenger told the Arsenal fans after being given a fitting farewell in his final home game in charge after 22 years with a 5-0 thrashing of Burnley yesterday.On a day dominated by tributes to the Frenchman, both teams formed a guard of honour for Wenger, 68, before kick-off to a chorus of “there’s only one Arsene Wenger”.All around a full house of 60 000 at the Emirates – in stark contrast to recent league games when fans have stayed away in protest at a poor season – fans sported red t-shirts emblazoned with “Merci Arsene” (Thank you Arsene). “Thank you for having me for such a long time. I know that’s not easy but, above all, I am like you, I am an Arsenal fan,” Wenger said a post-match presentation on the Emirates turf.“I would like to finish by one simple word: I will miss you. Thank you all for being such an important part of my life.”Before the game in his final programme notes, Wenger said he expected to be saddened by the occasion.“I expect today will be dominated by sadness,” he wrote. “It’s the end of a long story for me at Arsenal. But I will also feel grateful for having led this club – that I cherish so much – for such a long time.”Wenger won three Premier Leagues and a record seven FA Cups. His crowning glory coming in the 2003/04 season when Arsenal won the league without losing a single game.He was presented with the special gold trophy given to the club for that achievement after the match by two Arsenal legends Bob Wilson and Pat Rice, who worked on Wenger’s coaching staff for many years.That “Invincibles” season was his last as a Premier League winner, though, and fans became tired of Arsenal’s inability to compete for Premier League and Champions League titles.However, there was plenty for the supporters to shout about in a fitting finale for Wenger as Arsenal displayed the attractive brand of attacking football that characterised his most successful sides over the past two decades.Defeat to Atletico Madrid in the Europa League semifinals on Thursday means Arsenal missed out on Champions League qualification for the second consecutive season.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

SBC Digital Summit: “Affiliates must be more agile in the way they operate” – Stuart Simms

first_img StumbleUpon XLMedia completes takeover of 101GreatGoals.com July 17, 2020 Submit Refocused XLMedia hires Ken Dorward as US business lead June 17, 2020 Share Related Articles Share Cross-party MPs call for gambling overhaul in new report June 16, 2020 The current pandemic has highlighted the need for companies to become much more agile in the way that they operate, explained Stuart Simms, Group CEO of XL Media and former Global CEO of Rakuten Marketing.Delivering the day-five keynote at this week’s SBC Digital Summit, kicking off the Juicy Stakes sponsored Digital Marketing Day track, Simms told delegates that affiliates should move away from ‘throwing a load of sites on the market’ and instead focus on fewer, higher quality products and services. He said: “We think very carefully about expanding our publishing activities. This means increasing our content, ensuring that we’re getting more user-generated content, that we get more rich media in place, that we offer more advice to consumers to advice that can be trusted. “We’re lucky in that we sit on a wealth of data like a number of other affiliates that can be used to drive performance: data, insights, behavioural understanding of the consumers that we’re engaging with. It should give us the armoury to match-make them with the right products and services.“It’s important for us to move from cascading and throwing a load of sites on the market to then working on fewer, but higher quality sites. We’re thinking carefully about creating bold brands that have a clear identity, as well as a demographic that they’re looking to engage with – and a clear story for that demographic too. “I also believe, and COVID-19 is amplifying this – is that we have to be more agile. We have to be flexible in the operating model. Rather than a defined hierarchy that stays in place for a number of years, we need cross-functional teams that are working in an agile way. The developmental capabilities that we have seen in the past are now going to have to be shifted into how we run our business day-to-day.”The XLMedia Group CEO added that affiliates now have a wealth of new market opportunities as the industry shifts towards a more digital way of operating, but we need to shift to embrace new technologies.He continued: “There is a huge market opportunity available to all affiliates at the moment.Digital is continuing to disrupt value chains that have historically been very hierarchical and now they are collapsing.This gives affiliates a massive opportunity to be able to support new products and services as they come to market. “So I believe that the affiliate space has got relevance both now and in the future. Albeit, we are going to have to shift to embrace technology, data and intelligence a lot more in the future.”The SBC Digital Summit is a truly groundbreaking online event for the betting and gaming industry, offering up to 10,000 delegates a fully virtual and interactive conference, exhibition and networking experience. It takes place all this week, up to and including Friday May 1.With global business communities in the grip of the COVID-19 crisis, the Summit was created as a platform for the industry to connect and share knowledge amid critical and unprecedented conditions.The SBC Digital Summit runs from 27 April to 1 May 2020 and features seven conference tracks, a virtual exhibition and virtual networking lounges, attracting an estimated 10,000 delegates logging in from around the world.There is still time to register for the event, with company discounts available: https://sbcevents.com/sbc-digital-summit/tickets/last_img read more