Goldman Sachs is shifting a London hedge fund team to New York

Hayley Kirton “If we were operating our business to maximise our global potential, we were trying to get as much in the UK as we could,” he said.”So if a business needed to be done in the UK, it was always there. But if a business could be done in the UK we started to migrate it.”Jumping on the bandwagonBlankfein wasn’t the only banking boss to make that threat: earlier, HSBC chief Stuart Gulliver had said the lender was considering moving jobs accounting for 20 per cent of its revenue out of the UK, while the chairman of UBS, Axel Weber, had indicated the investment bank may move as many as 1,000 jobs if passporting rights are not approved.  whatsapp Goldman Sachs is shifting a London hedge fund team to New York A Goldman Sachs hedge fund currently based in London is closing its doors and shifting to New York, it has been reported.According to the BBC, eight bankers working in the Goldman Sachs Investment Partners (GSIP) team are affected by the move. It is understood they have either been told their jobs are moving across the Atlantic or they have been given the opportunity to find another role in London. The move follows the departure of Nick Advani, the team’s managing director, who announced he was standing down from his role last year.The decision is not thought to be linked to any wider Brexit planning.”This is a discrete decision for reasons specific to GSIP, one investment team within Goldman Sachs, and shouldn’t be construed as anything but that,” the Wall Street titan said in a statement.Brexit planningLast month it was reported Goldman was considering cutting as much as half its London workforce, or 3,000 jobs, after Brexit – with 1,000 expected to be moved to Frankfurt, while other key operations, including compliance, trading and investment banking expected to head to New York and Europe.Meanwhile, chief executive Lloyd Blankfein told journalists at Davos New York will be the main beneficiary of Brexit. Thursday 9 February 2017 9:04 am Share whatsapp read more

Irish Supreme Court rules Subway bread is not bread

first_img Poppy Wood Subway’s bread sugar content for both its white and wholegrain comes in at five times the qualifying limit under the act, with the Supreme Court ruling that it must therefore be taxed at a rate of 13.5 per cent. (Getty Images) Also Read: Irish Supreme Court rules Subway bread is not bread Ireland’s VAT Act 1972 states that the weight of ingredients in bread such as sugar, fat and bread improver, should not exceed two per cent of the weight of flour in the dough.  Ireland’s Supreme Court has ruled that Subway sandwiches do not meet the legal definition of bread, and therefore are not liable for tax exemptions. (Getty Images) (Getty Images) Also Read: Irish Supreme Court rules Subway bread is not bread Before the Open: Get the jump on the markets with our early morning newsletter whatsapp “The argument depends on the acceptance of the prior contention that the Subway heated sandwich contains ‘bread’ as defined, and therefore can be said to be food for the purposes of the Second Schedule rather than confectionery. Since that argument has been rejected, this subsidiary argument must fail,” O’Donnell ruled.  Irish Supreme Court rules Subway bread is not bread center_img Under Irish law bread is considered a staple food, and therefore taxed at zero per cent, while other baked goods from dough are considered non-essential and are subject to VAT.  whatsapp Thursday 1 October 2020 10:03 am The court’s ruling on Tuesday ends a 14-year battle by the US takeaway chain to have its sandwiches recognised as a tax-free staple, after a five-judge court determined Subway’s rolls to be “too sugary” to meet the statutory definition of bread.  by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory”Waltons” Actress Says Magazine Ended Her CareerPast FactoryDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comDefinitionThe 20 Worst Draft Picks Ever – Ryan Leaf Doesn’t Even Crack The Top 5DefinitionJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute Workout It comes after an appeal brought before the court by a Subway franchisee Bookfinders Ltd, which claimed it was owed a rebate after being slapped with a 9.2 per cent tax on sandwiches. Share The Supreme Court’s ruling follows two failed appeals brought by Bookfinders at the High Court and the Court of Appeal. Justice O’Donnell dismissed the appeal in his judgment on Tuesday, while also admitting the Bookfinders arguments were “ingenious”. Show Comments ▼last_img read more

ECB ramps up bond-buying programme by €500bn

first_imgECB governor Christine Lagarde said the central bank expects the Eurozone economy to have contracted in the final quarter of the year. She said the area’s economy would likely grow 3.9 per cent next year – down from an earlier forecast of five per cent – after a record 7.3 per cent contraction this year. “While the rebound of the economic activity in the third quarter was stronger than expected and the prospect for the rollout of vaccines are encouraging, the pandemic continues to pose serious risks to public health and to the euro area and global economies,” she said at the press conference following the decision. It also announced a series of auctions that will allow banks to borrow extremely cheaply, with rates as low as minus one per cent, so long as they keep lending to the wider economy. They will run until the end of next year. “Actual and expected job and income losses and the exceptionally elevated uncertainty about the evolution of the pandemic and the economic outlook continue to weigh on consumer spending and on business investment.” Christine Lagarde, president of the European Central Bank (ECB), said the Eurozone economy is expected to contract in the final quarter Also Read: ECB ramps up bond-buying programme by €500bn The European Central Bank (ECB) has ramped up its bond-buying programme by €500bn (£456bn) in an effort to limit the economic damage from rising coronavirus cases and new restrictions across the continent. The central bank’s latest round of stimulus comes as European countries attempt to reduce coronavirus cases amid a second wave. More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the The ECB increased its pandemic emergency purchase program by €500bn to €1.85 trillion. And it extended it to at least the end of March 2022. whatsapp Lagarde said the short-term outlook for the Eurozone economy remained challenging, despite positive vaccine news.  center_img The central bank also unveiled various other technical crisis-fighting measures. They included extending the easing of collateral rules to take pressure off lenders, and raising the amount banks can borrow. Christine Lagarde, president of the European Central Bank (ECB), said the Eurozone economy is expected to contract in the final quarter Also Read: ECB ramps up bond-buying programme by €500bn Share Show Comments ▼ France could be forced to delay the easing of its lockdown measures as cases are still high. German chancellor Angela Merkel has backed tougher restrictions as infections rise in the country. Harry Robertson whatsapp ECB ramps up bond-buying programme by €500bn Thursday 10 December 2020 2:46 pm Christine Lagarde, president of the European Central Bank (ECB), said the Eurozone economy is expected to contract in the final quarter last_img read more

From permafrost to polar bears, draft report evaluates Alaska gasline’s environmental impact

first_imgAlaska’s Energy Desk | Energy & Mining | Environment | WildlifeFrom permafrost to polar bears, draft report evaluates Alaska gasline’s environmental impactJuly 1, 2019 by Rashah McChesney, Alaska’s Energy Desk – Juneau Share:A liquefied natural gas (LNG) tanker fills up at the ConocoPhillips liquid natural gas export facility in Nikiski, Alaska. When it opened in 1969, it was the only facility of its kind in the U.S. to get a license to export its gas to Japan. For more than 40 years, the state has attempted to develop similar projects to bring natural gas from the North Slope to market. None of those projects have broken ground. (Photo courtesy of ConocoPhillips)The federal agency leading the environmental review of the Alaska LNG project has released a nearly 3,800-page draft report on its potential impacts. Staff at the Federal Energy Regulatory Commission, or FERC, have been working in tandem with nine other federal agencies, including the Environmental Protection Agency, Army Corps of Engineers, and U.S. Fish and Wildlife Service to develop the report since 2017 when the state’s gasline corporation filed for a permit to build the $43 billion project.  The Alaska Gasline Development Corporation plans to pipe natural gas more than 800 miles from the North Slope to Nikiski, where it would be liquefied and then shipped off to customers.  Staff at the federal agency found that the Alaska LNG project would have significant impacts on permafrost, wetlands and forest, and that it would likely cause problems for the Central Arctic caribou herd.  Constructing and operating the project would likely affect six federally-listed species, including Cook Inlet beluga whales and polar bears.  They also said the project could negatively affect housing and public services in some areas. But they also concluded that the project would have a positive impact on state and local economies.If everything stays on schedule, the federal commission could vote on the Alaska Gasline Development Corporation’s application by June 2020.If built, it would be one of the largest LNG projects in the world. But along with final federal approval — the state’s project needs customers, investors and financing to be viable.The federal agency will take public comments on its draft environmental review through Oct. 3. The agency will hold public meetings in Alaska to go over the report, but it has not yet announced the dates or locations. Share this story:last_img read more

Panmure Gordon: Tight General Election race is good for investors

first_img Share Tuesday 7 April 2015 8:33 pm Express KCS Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekComedyAbandoned Submarines Floating Around the WorldComedyNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlushOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressMoneyWise.com15 States Where Americans Don’t Want To Live whatsapp A close General Election leading to another coalition government is good for stock market investors, economists at Panmure Gordon said yesterday, defying the conventional wisdom that this would bring bad uncertainty.In a boost to the Liberal Democrats, the analysis argues that both Labour and the Conservatives have policies which would damage the economy, while another coalition would moderate these.“An inconclusive election requires the resultant government to build a consensus to get policy agreed. This should present a fair attraction to investors,” said Panmure Gordon’s senior economist Simon French.“A workable majority for any party to pursue a withdrawal from the EU, radically reshape the tax code, tighten migration or introduce price controls across a range of markets carries with it much more risk. Investors favouring a conclusive election result should be careful what they wish for.”French predicts the Conservatives will emerge as the party with the largest number of seats, and will govern as a minority party with parliamentary support from the Lib Dems, Ulster Unionists and Ukip.By contrast, the economist does not expect Labour to strike a deal with the SNP for fear of harming its reputation in England and Wales.He also believes investors should not be too worried about any government’s impact on the economy.Despite their claims to steer the economy, the biggest variables – such as interest rates, demographics and the price of oil and other globally traded goods – are entirely outside of politicians’ control, limiting their ability to impact growth. center_img Show Comments ▼ Panmure Gordon: Tight General Election race is good for investors whatsapp Tags: General Election 2015last_img read more

New appointments to BoC board of directors

Fortis Hospital, Vasant Kunj, New Delhi in collaboration with Fresenius Medical Care India inaugurates dialysis centre

first_img WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals The missing informal workers in India’s vaccine story The centre will provide 16 dialysis stations offering advanced dialysis therapies to help meet growing demand for treatment of renal patientsFortis Hospital, Vasant Kunj (FHVK), New Delhi in collaboration with Fresenius Medical Care India recently inaugurated a dialysis centre by Dr Ashutosh Raghuvanshi, MD & CEO,  Fortis Healthcare (FHL);  in presence of  Punit Kohli, Managing Director, Fresenius Medical Care India, Mahipal Bhanot, Zonal Director, FHL, Dr Rajeev Nayyar, Facility Director, FHVK,  and  Dr Sanjeev Gulati, Director & HOD, Dept of Nephrology at FHVK. The new dialysis centre will provide 16 dialysis stations offering advanced dialysis therapies to help meet the growing demand for treatment of renal patients.Bhanot said, “Fortis Healthcare is committed to providing quality access to dialysis patients, enabling chronic kidney disease to lead more active and fulfilling lives.  Owing to the rising number of kidney patients every year, it has become the need of the hour to come up with dedicated and advanced dialysis centres. This not only helps in maximising the reach of the treatment among patients but also makes it easy for them to get access to timely treatment at a reasonable cost and without having to travel long distance.”Kohli said, “At Fresenius Medical Care, we are dedicated to deliver high-quality kidney care that improve the quality of life of every patient, every day. This new centre provides patients with advanced technology, patient comfort and safety as well as highly-qualified medical staff. Our trained, experienced and caring staff always strive to ensure that our patients are provided with outstanding care while making dialysis treatment as comfortable as possible. We acknowledge the importance of developing long-term partnership with patients and healthcare professionals alike and we are pleased to be collaborating with Fortis Healthcare for the fourth running unit.”Nayyar said, “The hospital-based centre will offer a range of advanced dialysis options including high-flux haemodialysis and online haemodiafiltration (HDF). Online HDF allows better removal of waste products from the blood, which may contribute to improved survival for patients compared with those receiving standard haemodialysis. As part of the company’s holistic approach to patient care, the centre will offer holiday dialysis, allowing patients travelling from other regions or from overseas to receive uninterrupted treatment.” Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” chronic kidney diseasedialysis centredialysis therapiesFortis Hospital Vasant Kunj New DelhiFresenius Medical Care Indiahigh-flux haemodialysisonline haemodiafiltration MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Share Related Posts By EH News Bureau on March 11, 2020 Menopause to become the next game-changer in global femtech solutions industry by 2025 Fortis Hospital, Vasant Kunj, New Delhi in collaboration with Fresenius Medical Care India inaugurates dialysis centre Phoenix Business Consulting invests in telehealth platform Healpha News Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app Read Article Comments (0) Add Commentlast_img read more

Fagan Calls for Sustained Anti-Smoking Programme

first_imgFagan Calls for Sustained Anti-Smoking Programme Health & WellnessNovember 22, 2012 RelatedFagan Calls for Sustained Anti-Smoking Programme Advertisements RelatedFagan Calls for Sustained Anti-Smoking Programmecenter_img FacebookTwitterWhatsAppEmail Minister of State for Local Government and Community Development, Hon. Colin Fagan, says a sustained public education programme, targeted particularly at the youth, is critical in raising awareness of the adverse effects of smoking. “Statistics provided to me indicate a worrying trend that has shown that Jamaica is now having children as young as 10 years old addicted to smoking; a trend that is increasing,” he lamented. The State Minister was speaking at the ‘Partnerships for Smoke Free Spaces’ breakfast meeting this morning (November 22) at the Terra Nova Hotel in St. Andrew. Mr. Fagan said that equally of concern is the burden on the budget to manage the health effects of smoking, both for smokers and those who are exposed to second hand fumes.  He informed that of the approximately US$170 million per year spent on non-communicable diseases, a significant portion is related to tobacco smoking. “Simply put, Jamaica cannot afford this. We need to be promoting healthy lifestyles, and tobacco use and smoking are clearly not among the contributing qualities,” he said. Mr. Fagan informed that the Government remains steadfast in reducing tobacco use, signing the Framework Convention on Tobacco Control on September 24, 2003 and ratifying the agreement two years later on July 7, 2005. Legislation is also being drafted to ban smoking in public places, while the tax on tobacco has been raised as a means of control. The Government is also increasing public awareness through ongoing education and consumer information. Mr. Fagan also pointed to efforts at the local government level, with the St. Catherine Parish Council designating Emancipation Square a smoke free zone. “I want to implore your organisation to work more closely with our parish councils and municipalities, all 14 of which, I am sure, would welcome you and partner with you for a cause that will redound to the benefit of our environment, our health sector and young people,” he urged. Mr. Fagan also commended the efforts of the Heart Foundation of Jamaica and the Jamaica Coalition for Tobacco Control towards the sensitisation of Jamaicans regarding the effects of smoking. The World Health Organization (WHO) MPOWER 2009 Report, states that tobacco use is the leading cause of preventable death worldwide, and is a risk factor for six of eight leading causes of death worldwide. Tobacco use kills more than five million people every year, more than HIV/AIDS, tuberculosis and malaria combined, demonstrating the increasing burden of tobacco on the world’s health status, which, if current trends are not aggressively addressed, could kill more than eight million people per year by 2030, and up to one billion people in total in the 21st Century, the report said. In addition to the effects on those that directly consume tobacco, one third of the world’s adult population are regularly exposed to second hand smoke, which kills 600,000 persons each year. RelatedFagan Calls for Sustained Anti-Smoking Programmelast_img read more

NYC judge rejects Trump family effort to halt tell-all book

first_imgHomeLawNYC judge rejects Trump family effort to halt tell-all book Jun. 26, 2020 at 5:00 amLawPoliticsNYC judge rejects Trump family effort to halt tell-all bookAssociated Press12 months agoclaim dismissedNYC judgepublicationtell-all bookTrump family MICHAEL BALSAMO and COLLEEN LONGAssociated PressA New York City judge on Thursday dismissed a claim by Donald Trump’s brother that sought to halt the publication of a tell-all book by the president’s niece, saying the court lacked jurisdiction in the case.Surrogates Court Judge Peter Kelly said the claims were not appropriate for his court, where disputes over estate matters are settled.The motion filed earlier this week sought an injunction to prevent Mary Trump and the book’s publisher, Simon & Schuster, from releasing it, as scheduled, in July.Mary Trump is the daughter of Fred Trump Jr., the president’s elder brother, who died in 1981. An online description of her book, “Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man,” says it reveals “a nightmare of traumas, destructive relationships, and a tragic combination of neglect and abuse.”Robert Trump’s lawyers filed court papers saying that Mary Trump and others had signed a settlement agreement that would prohibit her from writing the book. They said the deal included a “substantial financial settlement” for Mary Trump.The settlement nearly two decades ago included a confidentially clause explicitly saying they would not “publish any account concerning the litigation or their relationship,” unless they all agreed, the court papers said.Published accounts of the book’s contents say it contains an “insider’s perspective” of “countless holiday meals” and family interactions and family events, along with personal observations by Mary Trump, a psychologist, about her “supposedly toxic family,” according to the court papers.The agreement related to the will of Donald Trump’s father, New York real estate developer Fred Trump.In their court papers, lawyers for Robert Trump said the book also has been promoted as containing insight into the “inner workings” of the Trump family and allegations that the late Fred Trump and the president neglected Mary Trump’s father, “supposedly contributing to his early death.”Mary Trump’s attorney, Ted Boutrous Jr., said the court was correct in its decision.“We hope this decision will end the matter. Democracy thrives on the free exchange of ideas, and neither this court nor any other has authority to violate the Constitution by imposing a prior restraint on core political speech,” he said in a statement.The White House and lawyers for Robert Trump did not have an immediate comment Thursday.A spokesman for Simon & Schuster said in a statement that the publishing house was “delighted” with the decision.“We look forward to publishing Mary L. Trump’s TOO MUCH AND NEVER ENOUGH, and are confident we will prevail should there be further efforts to stifle this publication,” spokesperson Adam Rothberg said.Associated Press writer Larry Neumeister in New York contributed to this report.Tags :claim dismissedNYC judgepublicationtell-all bookTrump familyshare on Facebookshare on Twitteradd a commentTourism Talks – Santa Monica’s Travel and Tourism Industry Begins Journey to RecoveryPublic Safety Reform Advisory CommitteeYou Might Also LikeFeaturedNewsPoliticsGOP seeks unity, even if that means embracing election lieGuest Author1 month agoNewsPoliticsIn GOP stronghold, Biden pushes for his infrastructure planGuest Author1 month agoFeaturedNewsPoliticsU.S. Senator Alex Padilla endorses Rick Chavez Zbur for AD50 seatClara Harter1 month agoFeaturedNewsPoliticsMalibu City Manager alleges harassment by councilmanGuest Author4 months agoCity CouncilColumnsCovid-19EditorialElectionsInside/OutsideOpinionPoliticsBallot placement displacement – Part IIMike Feinstein6 months agoLawNewsLawmakers: California jobless claims still a ‘black hole’Associated Press6 months agolast_img read more

Telecom Italia makes €820M Metroweb bid – report

first_img Español Author Home Telecom Italia makes €820M Metroweb bid – report Telecom Italia confident on hitting annual goals Telecom Italia bets on long-term renewable energy Related Kavit Majithia MetrowebTelecom Italiacenter_img AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 10 MAY 2016 Telecom Italia reportedly bid more than €820 million for fibre company Metroweb, as it steps up plans to develop a national high-speed network in the face of increasing competition.According to Reuters, Telecom Italia is ready to buy all of Metroweb, or a stake of 67.7 per cent, and is likely to compete with utility firm Enel for the deal, which is also readying its own offer.Enel revealed in March it would invest €2.5 billion on building a national high-speed fibre network in Italy, a move which led to speculation that Telecom Italia would cut 15,000 jobs, which it has since denied.Metroweb, which is seen as vital to the success of both company’s ambitions in broadband, is the Italian government’s vehicle for rolling out a national fibre network, and the state has in the past shunned bids for the company, preferring to opt for partnerships.Telecom Italia has seen talks stall in the past, while Vodafone and Wind have also jointly attempted to strike a deal with the company, and even signed a letter of intent with Metroweb to jointly roll out fibre coverage in June.However, in October, both F2i and CDP reportedly sent a letter to Telecom Italia, which set no limits to Telecom Italia’s possible stake in the company, meaning it could end up taking full ownership.Telecom Italia made an all cash offer for the company after shelving plans to fund the acquisition by exchanging it for a stake in its wholesale business Sparkle, which was its original plan, as it failed to reach an agreement on how much Sparkle was worth, added sources. Las grandes operadoras europeas ponen condiciones a las RAN abiertas Previous ArticleCitigroup chief warns on hacker threatNext ArticleFlexion raises $3M as it targets expansion Tags Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more last_img read more