Article 50: MPs will get five days to debate Brexit bill

whatsapp Thursday 26 January 2017 11:35 am Article 50: MPs will get five days to debate Brexit bill Read This Next20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapMore People Now Use YouTube Than Facebook or Instagram – What Happened?The WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamourHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapSmoking and Hair Loss: Are They Connected?VegamourThis Is How Often You Should Cut Your HairVegamour Legislation granting Prime Minister Theresa May power to launch Brexit talks has been formally unveiled today.House of Commons leader David Lidington said MPs will have five days to debate Article 50, starting from next Tuesday. It comes after Supreme Court judges this week ruled that May would need the approval of parliament to trigger Article 50 and begin negotiations.However, judges also ruled out the need for the Prime Minister to secure the backing of the devolved assemblies.The government maintains that it will follow through on the legislation to trigger Article 50 by the end of March. Mark Sands and Caitlin Morrison Share It means that the House of Commons will vote on the legislation on 8 February.MPs challenged the amount of time allocated, claiming it was insufficient. Labour MP Chuka Umunna said: “Why are this government trying to muzzle the voice of people in parliament with the timetabling of this bill?”Lidington responded: “Five days alloted can hardly be described as as muzzling.”He added: “Parliament has plenty of time to have a debate on this in full.”Read More: “No deal” or “Bad deal” – Six things we learned from May’s Brexit speech whatsapp read more

“Our aim certainly is not to punish the UK,” insists Brussels’ financial services commissioner

Wednesday 8 February 2017 10:00 pm William Turvill Read more: Civil servants set for trade lingo lessons ahead of Brexit negotiations“Equivalence is certainly one of the options we are looking at,” he says. “Another is of course also for industry to establish a substantial enough presence in the EU to maintain the EU passporting. So there are different avenues which can be explored.”Another area of concern for the City is euro-denominated clearing, which has emerged as a key battleground following the Brexit vote. London is currently the euro clearing capital, but there have been calls on the continent for this to come to an end after the UK leaves the EU. City figures have warned that such a move would put tens of thousands of UK jobs on the line, whilst heaping costs on firms across the EU.The European Commission is working with the European Central Bank to assess what Brexit means for clearing. “There are several factors at play,” Dombrovskis says. “One is financial stability. There are questions related to the enforceability of swap lines between ECB and Bank of England if the UK is to move out of the jurisdiction of the European Court of Justice.“And there is also a question of functioning of financial markets, basically of avoiding fragmentation of the financial markets. It’s a complex issue which we’ll need to assess.”If one compares the vice president’s approach with that of French President Francois Hollande, who within days of the EU referendum result declared that London would need to be stripped of euro clearing crown, then the City of London should probably be grateful that its fate rests in the hands of a considered pragmatist like Dombrovskis.“We must work towards a solution which eventually works for all,” he says, striking a notably diplomatic tone.“Our aim certainly is not to punish the UK,” he adds. “We have to respect the choice of British voters, and as I said we will certainly the enter the negotiations with the aim to reach agreement which feeds all: which feeds EU 27 and feeds the UK.”On the issue of passportings rights, he says: “Of course there will be implications on how business will be done with the EU because there is still the process of equivalence, establishing sufficient presence in the EU to actually get the EU passports. But certainly one can expect the City continuing to be a substantial financial centre.”Officially, the Commission’s line is that no Brexit conversations will take place until the UK formally triggers Article 50, but it’s safe to assume that it will be high on the agenda during his two days in London. whatsapp He’s got the UK in his handsThe UK financial services sector has a lot riding on Dombrovskis.One of the big issues that has emerged for the City since the EU referendum is the fate of passporting rights, which allow financial services companies access to markets across member states.Theresa May’s commitment to a so-called hard Brexit, and exit from the Single Market, means UK firms stand to lose passporting rights as they currently know them. With growing recognition, from the likes of German finance minister Wolfgang Schauble and the European parliament’s committee of economic and monetary affairs, that EU nations will suffer if the City is damaged during Brexit negotiations, passporting presents a challenge for Dombrovskis. “Our aim certainly is not to punish the UK,” insists Brussels’ financial services commissioner More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com From the EU side, we’re committed to work towards ensuring that there is a functioning international financial regulatory architecture.And certainly we are not looking towards deregulation. And this is a signal we are sending to our US partners in this area. The first is the Capital Markets Union, a project first introduced by Lord Hill in 2015 which aims to fuse disparate markets across the EU and help connect investors with businesses and fuel economic growth.After the UK’s Brexit vote, and Lord Hill’s resignation, there were fears the project would be abandoned. But Dombrovskis is determined for it to succeed, and will be talking up the project to investors and fund managers at the London Stock Exchange on Friday.Without raising or changing the tone of his voice, Dombrovskis also gets relatively fired up at the mention of Dodd-Frank, the US financial regulations regime which President Donald Trump appears determined to loosen.Asked whether Europe would follow the US in weakening financial regulations, Dombrovskis says: I think this was one of the lessons from the crisis: that we need international, financial regulatory architecture to ensure financial stability. Politicians tend to seek the limelight. They court media interest with controversial policy ideas, catchy soundbites and displays of tribal affiliation. But it’s people like Valdis Dombrovskis, quiet bureaucrats who do their best to keep beneath the radar and get their job done, who exercise a hidden power. This is particularly true of the European Union.Dombrovskis, a European Commission vice president in charge of the euro, social dialogue, financial stability, financial services and the Capital Markets Union project, is a figure of critical importance for London’s financial services sector as the UK heads towards Brexit. whatsapp Speaking to City A.M. in his pleasant yet characterless office in the European Commission’s Brussels headquarters, vice president Dombrovskis keeps chit-chat to a minimum. In fairness, on the eve of a whirlwind trip to Europe’s Brexiting financial services capital, he probably doesn’t have much time for pleasantries.Read more: The City’s importance to Europe helps the PMDombrovskis’ passionsDombrovskis, like many in Brussels and across Europe, probably didn’t want the UK to vote for a Brexit last summer. (Although he arguably owes something to the vote, having been promoted into his current role after the referendum result prompted the UK’s Lord Jonathan Hill to resign.)The former Latvian Prime Minister’s approach to Brexit reveals a dry, professional and technocratic personality: “Our assessment was that for EU 27 till the end of this year, so meaning mid-last year till end of this year, the negative impact would be between 0.2 and 0.4 per cent less growth. And the negative impact for the UK actually could be more, between one and two and a half per cent of GDP.”However, scratching beneath the surface reveals a few topics which do at least provoke some passion in Dombrovskis. Share read more

President Trump to declare national emergency in bid for wall funding

first_img Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamour20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The WrapJim Cramer Calls for Billionaire Tax: ‘This Society Has to Start AddressingThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapTop 5 Tips If You’re Losing Your EyebrowsVegamourWhat Causes Hair Loss? Every Trigger ExplainedVegamourBest Wine Gifts & Wine Accessories at Every PriceGayotSmoking and Hair Loss: Are They Connected?Vegamour whatsapp August Graham Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndobonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterUndoAffluent TimesLily From The AT&T Ads Is Causing A Stir For One ReasonAffluent TimesUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndo Tags: Trading Archive Sharecenter_img US President Donald Trump will declare a national emergency in a bid to raise funds for his controversial border wall, the White House confirmed last night.The move could allow Trump to bypass Congress and find the money unilaterally, but is likely to face legal challenges from Democrats. Thursday 14 February 2019 11:57 pm President Trump to declare national emergency in bid for wall funding whatsapp Read more: US politicians reach deal to halt US shutdown – but will Trump agree?The administration said he will sign an executive order on the wall along the southern border with Mexico, alongside a bill to avert a government shutdown.“President Trump will sign the government funding bill, and as he has stated before, he will also take other executive action – including a national emergency – to ensure we stop the national security and humanitarian crisis at the border,” White House press secretary Sarah Sanders said.Read more: Donald Trump’s trade war with China is following a familiar pathThe border wall was at the heart of a spat between the President and Democrats in Congress, shutting down the government for a record 35 days in December and January.The Senate yesterday passed a bill to renew funding for the Department of Homeland Security and other agencies whose money was due to expire today. last_img read more

We Work poaches Uber’s UK manager Tom Elvidge to serve as COO

first_imgFriday 15 March 2019 12:52 pm Uber’s UK and Ireland general manager has left the ride-hailing app to join tech workspace firm We Work as its new chief operating office for Europe.Tom Elvidge is replacing current COO for Europe, Anthony Yazbeck, who will become COO of We Work International. whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoPets DetectiveAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongPets DetectiveUndoNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndo whatsapp Share Tom Elvidge joined Uber in 2014 (Source: Uber)“As such, this felt like the time for me to take the next step and I’m looking forward to joining the team in May,” the University of Nottingham alumni added.Elvidge, who had worked for Accenture and Goldman Sachs previously, will leave Uber 26 April after two years at the company.Uber hired Elvidge in 2014 to launch the app in Leeds before rising in the ranks to becoming London’s general manager after only a year.Elvidge’s exit comes amid disputes over Uber operating in London, with Uber’s licence set to expire in September this year. More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com “WeWork is a truly exciting company that’s changing the way we work, live and play. The opportunity to take up a new role in a company that’s centred on community and has a bold vision for how to transform cities was too good to pass up,” Elvidge said. Alyana Vera We Work poaches Uber’s UK manager Tom Elvidge to serve as COO Tags: Goldman Sachs Uberlast_img read more

Lloyds Bank urges employees to vote in executive pay meeting

first_img Bosses at Lloyds Banking Group have urged employees to vote at its upcoming annual meeting after objections were raised over its executives’ pay.Read more: Lloyds Bank handed capital boost by regulator following risk change whatsapp Harry Robertson Tags: Company Lloyds Banking Group Sunday 12 May 2019 6:40 pm A video was made in an attempt to persuade staff to vote at Thursday’s meeting, the Sunday Times reported, on the pension programme handed out to chief executive Antonio Horta-Osorio.Shareholders will have the chance to signal approval or disapproval of Lloyds executives’ pay programmes, a year after a fifth of them voted against the bank’s pay report.Lloyds’s chief executive, who is Britain’s best-paid bank boss and took home £6.3m in 2018, has come under fire from bank staff and MPs who have questioned whether his pension and share awards are too generous.In February, Lloyds said Horta-Osorio had voluntarily had his pension contributions down to 33 per cent of his base salary from 46 per cent.The two largest shareholder advisory groups, ISS and Glass Lewis, which are believed to cover about 75 per cent of shareholders, have recommended the company’s pay programme is supported following the pension change.Lloyds would not comment on the issue. whatsappcenter_img Share Lloyds Bank urges employees to vote in executive pay meeting Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndobonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndo More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com last_img read more

Change UK founder Chuka Umunna joins the Lib Dems

first_imgFriday 14 June 2019 9:11 am whatsapp This morning he told the BBC that despite his past criticisms of the Lib Dems for forming a coalition with the Tories, “things have changed”. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comUndoPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndoElvenarIf You Are Above 30, this Fantasy Game is a Must-Have. No Install.ElvenarUndoNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext RefinanceUndo The group is now left with just five MPs – former Labour MPs Mike Gapes, Chris Leslie, Ann Coffey and Joan Ryan, and former Tory MP Anna Soubry, the party’s leader. Read more: Change UK switches name for third time after clash with petition website The MP for Streatham, who left Change UK recently, was one of a number of politicians who left Labour and the Tories in February in protest at the two main parties’ handling of Brexit. Read more: Labour pains: seven MPs resign to start new party Alexandra Rogers Change UK co-founder Chuka Umunna joins the Lib Dems Former Labour MPs Luciana Berger, Gavin Shuker and Angela Smith joined Umunna in leaving the party earlier this month, along with former Tory MPs Heidi Allen and Sarah Wollaston. The Streatham MP, who helped set up Change UK, said he believed there wasn’t “room for more than one centre ground option” and that “a good handful” of Conservative and Labour MPs would soon join him in defecting to the Lib Dems. whatsapp Last night, Umunna tweeted: Chuka Umunna helped set up Change UK Former Labour MP Chuka Ummuna has joined the Liberal Democrats just months after helping set up the troubled Independent Group for Change. Share “If you want to end austerity you cannot do that if you are going to sponsor Brexit in the way that the two main parties are doing,” he said. Yesterday Anna Soubry admitted that the party had applied to have its named altered from Change UK to the Independent Group for Change following a legal dispute with the petition Change.org. Change UK has struggled to make an impression with voters since it was founded in February, and failed to win any members of the European Parliament in last month’s Euro elections.last_img read more

Oil and gas companies have no reason to fear divestment

first_imgShared divestment can work and should be used by investors, but not if it is merely a gesture to satisfy a passing whim. Vince CableSir Vince Cable is former leader of the Liberal Democrats and former secretary of state for business, innovation and skills Companies are, rightly, regarded as responsible for these, and will have to absorb the costs of regulation designed to reduce carbon emissions, eventually, to zero. So, what is to be done? The industry is nervous of being caught unprepared for governments demanding rapid adjustment to a green world, but is equally nervous of getting too far ahead of regulatory reality.  On 20 September, there are plans for a global climate strike to build on the school strike initiated by Greta Thunberg. While unlikely to bring the global economy to a grinding halt, we can expect to see more such symbolic events, as well as direct action by groups like Extinction Rebellion. I trust that environmentally-aware members of the investment community will make this a test case for how to make divestment a genuinely useful activity.  But how seriously should those companies take the threat? Meanwhile, the western oil and gas majors point out that it doesn’t help the planet if they are diminished by regulation or divestment, shifting the global centre of gravity to state capitalist, environmentally indifferent companies in Russia, Venezuela, and Saudi Arabia. The second is what are described as “scope three” emissions:  those generated by the consumer.  whatsapp Thursday 11 July 2019 4:49 am The political rhetoric – and genuine concern – around the climate emergency has hardened in recent months. “Petrol heads” pay good money at the pumps. Similar arguments rage over sugar in the food industry (and also with tobacco, gaming, and alcohol drinks companies – though the promotion of addictive behaviour establishes a higher level of culpability).  Opinion Share Oil and gas companies have no reason to fear divestment The danger now is in the opposite direction: doing too little too late.  Even though the prospect of a Labour government with an overall majority is remote, there was a ripple of anxiety when shadow chancellor John McDonnell announced that companies could be penalised through delisting.  We have, however, now got to a point where the major companies accept that they have some degree of responsibility, not least because they have access to technology and skills, and large pools of capital, which should be used in a more climate-friendly way.  There is understandable concern in the oil and gas sector from companies based in western Europe and Canada that such proposals could become mainstream and serious.  I recall being part of Shell’s scenario planning team almost three decades ago when a “sustainable world” and tough carbon taxes were seen as just around the corner. The company made farsighted moves into cleaner, greener gas. But it was ahead of its time. The slowness of government to do what the company had prepared for provoked it to regress into heavy oils.  More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com And governments, too. Break-through technologies like tidal power will not happen without consistent government backing. The sticks and carrots of carbon taxation and regulation will not work unless they are consistent and long-term. City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. whatsapp The first is the emissions which occur from “well to wheels” – gas flaring and leakage, refining especially of heavy oils, and tanker transport.  Divestment can play a useful role as the canary in the mine, warning companies that they will be in trouble if they do not adjust. But, to be useful, divestment needs to be based on metrics of performance, not a vague sense of ethical discomfort. I see that Shell has set out a series of performance targets on emissions and expert investors to judge the company against these targets. Oil and gas companies are a likely and legitimate target, and one tactic for concerned investors is to divest shares in these types of businesses.  “Sustainability in one country” is not a sensible strategy in any event. Nor will divestment achieve its environmental objectives if it is successful at reducing the supply of oil and gas, forcing up the price and rewarding the producers with more valuable balance sheets That is what lies behind the warning, first made by Bank of England governor Mark Carney, that shares could be devalued through divestment, to the point that they become stranded and illiquid, potentially imperilling the financial institutions which hold them. Rebalancing share portfolios away from the offending companies on environmental grounds has so far had no discernible effect on share prices, which for UK-listed companies are primarily influenced by global oil and gas prices, the sterling exchange rate, and individual companies’ performance.  How far is BP or Chevron responsible for the fact that motorists use petrol or diesel and households switch on electricity from gas-fired power stations? The hard-nosed industry view is that they are merely delivering what our chosen lifestyles demand.  There are two distinct ways in which oil and gas companies generate carbon emissions.  Others need to act too. Regulators should back up their warnings with clear guidance on how financial institutions should manage their portfolios of assets. last_img read more

Citymapper’s London travel card will expand to zones three and four

first_imgWednesday 23 October 2019 6:56 pm Share The pass interacts with the app to plan out journeys and act as a payment system. whatsapp London commuter app Citymapper is set to expand its contactless transport pass to more parts of the capital. “A lot of stuff is happening in this space, like e-scooters. “I don’t know what future regulation has been planned [for e-scooters], but I do believe they would de-facto expand the public transport system.” Citymapper has announced the pass will be expanded from today to also include zones three and four. Read more: Citymapper launches contactless travelcard The Citymapper Pass was introduced in February to cover travel on the Tube, buses, trains, Santander bikes and its own Citymapper Ride shared taxi service in zones one and two. The price of the weekly pass is cheaper than buying the same product from Transport for London (TfL). TfL are paid the shortfall by Citymapper. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyMisterStoryWoman files for divorce after seeing this photoMisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.combonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical MattersYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamaDefinition24 Of The Most Hilarious Yard Signs Ever WrittenDefinitioncenter_img “It will be a more multi-model future and we want to make it as painless as possible,” he said. Ashtari said the pass will continue to expand to include different modes of transport in the future. Citymapper’s London travel card will expand to zones three and four However, Citymapper president and head of business Omid Ashtari said the pass was not losing money and that prices would only increase in line with TfL increases. “We’re super excited we have a business model that is working and is adding value to users’ life,” he said. Read more: Uber rival Kapten teams with Citymapper “Private cars are unsustainable and we really want to do something about it and we want cities to be easier to use.” Stefan Boscia whatsapp last_img read more

German business morale takes surprise hit in new year

first_img German factories suffered in 2019 as global demand weakened (DPA/AFP via Getty Images) Also Read: German business morale takes surprise hit in new year German business morale takes surprise hit in new year Harry Robertson whatsapp German factories suffered in 2019 as global demand weakened (DPA/AFP via Getty Images) Once the engine of the Eurozone economy, Germany had a torrid 2019 as the US-China trade war hit global demand and Brexit uncertainty took a toll. The business climate index from the Ifo Institute think tank fell to 95.9 in January from 96.3 in December, falling well short of expectations that it would rise to 97. It was a sign that the “German economy is starting the year in a cautious mood,” said Ifo president Clemens Fuest. “This was due to companies’ more pessimistic outlook for the coming months.” Monday 27 January 2020 10:41 am Last week, survey data suggested that the country’s private sector picked up in January as services sector activity rose and the decline in manufacturing eased. Ifo said there was a particularly notable increase in the index of the current situation for manufacturers, which has not risen so strongly since February 2017. Yet Commerzbank chief economist Joerg Kraemer said that the reading was “good at second glance”. whatsapp This was because “the key index for export-oriented manufacturing has risen markedly,” he said. Morale among German businesses dropped unexpectedly in January, a survey has shown, weighing on hopes that Europe’s biggest economy would have a strong start to the year. German industry declined in 2019, so any turnaround in 2020 would have to reverse that trend. German factories suffered in 2019 as global demand weakened (DPA/AFP via Getty Images) Also Read: German business morale takes surprise hit in new year Andrew Kenningham, chief Europe economist at Capital Economics, said the data “comes as a bit of a surprise, following good news from other surveys recently”. Share Kraemer said the survey “supports our view that the decline in industrial production should end in the spring”. Yet he added: “We still expect only an anaemic recovery.” However, today’s survey from Ifo cut against that narrative, with the services sector indicator falling noticeably. Show Comments ▼last_img read more

How to lead your business through a crisis like coronavirus

first_imgOur heart rate rises. We perspire more. A battle begins between two parts of our brain — the cerebral cortex which controls the fight, flight or freeze reactions, and the limbic system which is responsible for our emotional responses. Failing to control this battle leads to bad decisions — or no decisions at all. The first thing to accept is that leading in a crisis is very different from leading in normal times. City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. The second thing your brain does in a crisis is constantly seek to predict the future. This is an advantage and a disadvantage. As we unconsciously focus on what we expect to happen, we can miss what is actually about to happen — especially if it is something totally unexpected. whatsapp In some circumstances, use humour with your teams. It signals normality and releases endorphins in the brain which counteract the feelings of stress.  Opinion Passenger on the London Underground wears a surgical mask during the Coronavirus pandemic in London on March 12, 2020 in London, England. The Prime Minister announced the UK is entering the “delay” phase of emergency planning for the Covid-19 crisis. Schools will not be closed at this time although they have been asked to cancel school trips abroad. People with cold symptoms or a temperature are asked stay home for seven days. (Getty Images) In the first phase of a crisis, people always respond well. It is when the first phase is over that people tire and bad judgements are made. Plan to avoid this.  I was also closely involved in last year’s equine flu incident, which closed down British horseracing for six days — a crisis of contagion with some similarities (but none of the magnitude) to the one that we are dealing with today. The first lesson is that our bodies and brains behave very differently in the stress of a crisis.  Share whatsapp Main image credit: Getty So, what can we learn from the past which will help our crisis leaders right now? Focus on what is within your sphere of control and influence. Communicate, communicate and communicate to employees, customers and stakeholders. But don’t think that information alone makes people informed — context and tone is everything.   Show care and compassion to your people. What you do in a crisis will either create powerful bonds for a lifetime, or bad feelings which never wash away. Be visible. Walk the shop floor. Talk to the people. Reassure them. They will be watching you, and their mood will mirror your behaviour. center_img Monitor your own energy, stress levels and reactions. You need to keep in good shape to lead your business and your people through whatever will happen next. Watch for fight, flight or freeze responses in your own behaviour. These are the first signs of exhaustion and burnout — normally followed by feelings of being overwhelmed and low accomplishment.   Show Comments ▼ Also, remember your duty as a wider corporate citizen. If your business can help the community, not only is it the right thing to do, but it will be highly appreciated.  Atholl DuncanAtholl Duncan is chair of the leadership development business Black Isle Group and the author of Leaders in Lockdown Leadership, at every level, is about to be tested in a way in which it has never been tested before. We’re now in uncharted territory in the spread of Covid-19. 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The best example of this state of mind is Captain Chesley “Sully” Sullenberger, who in 2009 safely landed a plane on the Hudson River after it hit a flock of birds.  His state of “deliberate calm” was what enabled him to make the right decisions to save 155 lives. This is something which pilots practise in simulators, and which our leaders need right now. Friday 13 March 2020 5:49 am Ironically, this period is also the time when few will take this most valuable of steps. This period of extreme stress and colossal decisions is, of course, the most important time to turn to a mentor or an executive coach if you have one. Pausing for even 30 minutes of contemplation and respite at key moments is crucial for your own well-being and decision-making, and potentially game-changing for the businesses and the people you lead. How to lead your business through a crisis like coronavirus Tags: Coronaviruslast_img read more