ING is back in the black

first_img whatsapp ING is back in the black Wednesday 11 August 2010 8:41 pm whatsapp KCS-content Show Comments ▼center_img BAILED-OUT Dutch bank ING bounced back into first-half profit yesterday and said it was on track to divest its insurance arm to comply with European rules on state aid.A strong resurgence in retail banking helped push ING to a net gain of €2.4bn (£2bn) for the first six months of the year, up from a loss of €722m last year, when it was hit by heavy writedowns to its bond and property portfolios. Underlying profits from high street lending tripled to €944m year-on-year in the second quarter as the institution enjoyed higher interest margins on savings and put aside less cushioning for bad loans.But performance was less spectacular at ING’s insurance division, which it aims to run on a standalone basis by the end of the year. The business snuck back to a slim pre-tax profit of €154m over the half and lost €115m in the second quarter. Chief executive Jan Hommen said the unit would be floated or sold, with analysts estimating the total value at around €15bn. Proceeds will be used to repay the €5bn ING still owes the Dutch taxpayer. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoHero WarsBig Boss of internet games!Hero WarsUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoinvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld LifestyleUndo Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comConnecticut man dies after crashing Harley into live bearnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com Tags: NULLlast_img read more

BA’s tie-up with AA and Iberia is ready for take-off

first_img Show Comments ▼ KCS-content Share Tags: NULL BRITISH Airways (BA) will officially launch its new joint business with American Airlines (AA) and Iberia next month in a move that is expected to generate $7bn (£4.4bn) in combined revenue a year. The deal, which was given the green light by EU and US competition regulators in July, will generate annual savings of up to £230m, analysts forecast.As part of the agreement, which was officially signed yesterday, BA, Iberia and AA will share commercial flights between the EU, Switzerland, Norway and the United States, Canada and Mexico. BA said the joint business would give customers “greater access to discounted fares”. “The benefits from the joint business will be shared between the airlines irrespective of which carrier takes the booking,” added BA.Under the joint venture agreement, all three airlines will maintain and operate separate brands.The tie-up has received heavy criticism from rival Virgin Atlantic, which argued that the move would cause a “monster monopoly”.Meanwhile, BA and Iberia are on course to complete their £5bn full-blown merger and expect to gain shareholder approval at meetings to be held in November. The airline industry has been going through a period of rapid consolidation. BA’s tie-up with AA and Iberia is ready for take-off whatsapp whatsapp Wednesday 29 September 2010 11:03 pm More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more

Basel committee eases deadlines on bank liquidity rules

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA 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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Basel committee eases deadlines on bank liquidity rules whatsapp Tags: NULL Sharecenter_img Tuesday 19 October 2010 5:10 am The Basel Committee of global banking supervisors said both of its new liquidity standards will have soft phase-ins instead of fixed, mandatory deadlines.The new rules have faced fierce opposition from banks, which say they would struggle to comply and will welcome the committee’s easier stance towards their implementation.The committee had already agreed to a soft phase-in for its net stable funding ratio, which covers a bank’s longer-term liquidity.On Tuesday it extended such a phase in to its liquidity coverage ratio as well, which refers to a lender’s short-term liquidity situation and will require a bank to hold enough highly liquid assets to cover 30 days of net cash outflows.“The Committee agreed on key details of the liquidity coverage ratio,” the committee said following a meeting in South Korea. “It confirmed that both the LCR and the net stable funding ratio will be subject to an observation period and will include a review clause to address any unintended consequences,” the Committee said. Show Comments ▼ John Dunne last_img read more

No cure for cancer and no jetpacks: the twenty-first century is a bust

first_img KCS-content No cure for cancer and no jetpacks: the twenty-first century is a bust BUSINESS FEATURES EDITORPULLING a dollar from his wallet, Peter Thiel, the 43-year old co-founder of PayPal and an early investor in Facebook, flaps it to make his point: “Giving people freedom with money is really something deep and fundamental. Government may still have a monopoly on printing these notes, but so long as you have globalisation without one world government, so long as people can move it freely from place to place, that monopoly is much less powerful.”We are sitting in the Berkeley’s Blue Bar. Thiel – played in Hollywood’s The Social Network by Wallace Langham – is in London with Max Levchin, his old PayPal colleague, for the Economist’s innovation awards. They have been collecting a business process award for PayPal, which revolutionised money transfers for the masses and is now part of eBay. PayPal was founded twelve years ago – in internet terms putting it back almost in the Jurassic age – but Thiel says “it seems a world ago and also just yesterday. Some memories of that time are just indelibly etched in my mind.” The idea they had was simple enough – email + money – but Thiel saw from the beginning its potential. Heady dreams of forming a new global currency or making it impossible for corrupt governments to steal their people’s money may not quite have come to fruition, but Thiel still sees it as an achievement that gave people more freedom about which currency to use.Still, Thiel, a serial investor and polymath who was educated at Stanford and born in Germany, is not content. He thinks we all need to worry about how slowly the world is changing. To Thiel, the financial collapse was partly a crisis of technological achievement: people have been betting on extraordinary advances to drive economic growth to cover their debts, and the advances are simply not materialising. We may feel that we are living in a world of amazing new gadgets, but the latest iPhone is a distraction from the absence of an AIDS vaccine or a lunar colony.“Globalisation is essential,” argues Thiel. “There is no good future in which the world is separate. But emerging market integration is overemphasised, and what is underemphasised is the technological innovation that can prevent some Malthusian struggle over resources.” For Thiel, this side of the equation is the responsibility of developed economies and we have been falling badly behind.Some academic evidence supports Thiel’s pessimism. In 2005, Jonathan Huebner produced a graph (right) that shows the rate of innovation peaking as long ago as 1873. In the same year, Ben Jones at Northwestern University discovered innovators were making their first breakthroughs later and later in life, slashing the years they had available for further creative insights. That latter finding makes sense to Thiel, who recently launched a fellowship that will grant twenty entrepreneurs under twenty years old $100,000 each to pursue their innovative ideas. “Somehow innovation has to be restarted. Some of the world’s most transformational technologies were created by people who stopped out of school because they had ideas that couldn’t wait until graduation.”Is the tendency for the cleverest to spend too much time studying instead of innovating part of the reason that Britain has failed to produce its own equivalent of PayPal or Facebook? “The one reason I think is very important why Silicon Valley is so innovative is that it is not considered a bad thing to be an entrepreneur there. In London, at a party if you say you’re an entrepreneur, people are more likely to wonder what’s wrong, or are you unemployed. My guess in the UK is that it’s a social thing. Under what circumstances would the Queen have an event at Buckingham Palace talking to young engineers about building things? Maybe in the Victorian days, but now?”Thiel also blames the stranglehold of regulation for holding back new developments – he sees the online world’s speedy progress as in part a result of its low-regulation. “Imagine if Twitter had to go through the FDA drug approval – how efficacious, how does it affect the brain, phase II, phase III trials.” But Thiel is trying to remedy this through his venture capital fund, the Founders Fund, which is investing in biotech and even SpaceX, which is developing low-cost space launch vehicles.“The idea of a better future seems to be a dated idea,” says Thiel. “George Osborne’s cuts are the right thing to do: where technological innovation has stalled you can’t take on more debt.” But cuts can only be the beginning. Thiel is trying to drive the frontiers of human achievement forward. If he is right, if the developed world has built itself a low-growth trap of over-regulation, over-education and risk-aversion, we all need to be worrying more about the relationship between our poor innovation levels and the global economic outlook.PAYPAL | A BRIEF HISTORY● First meetingMax Levchin attends a finance lecture at Stanford given by Peter Thiel● 1998Confinity is founded by Levchin, Thiel and Luke Nosek● 1999Elon Musk founds the payment company X.com● 1999Confinity launches its milestone project, PayPal● 2000Confinity merges with X.com● 2001X.com changes its legal name to PayPal● 2002eBay buys PayPal for $1.5bnAfter selling PayPal, Thiel founded Clarium Capital, a global macro hedge fund, that in April 2010 had returned 210 per cent since inception, but had a hard ride in 2009. Funds under management were $7.8bn in 2008, and the fund now manages around $1bn.In 2004, Thiel co-founded Palantir Technologies, which takes some of the ideas that made PayPal’s fraud rate so low and applies them to data analysis in other contexts, most notably the analysis of terrorist networks and the behaviour of the financial markets. Sunday 24 October 2010 10:10 pm Tags: NULL Show Comments ▼ whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times whatsapplast_img read more

Mitsubishi set to buy RBS unit

first_img Tags: NULL whatsapp Mitsubishi, Japan’s biggest bank by assets, is planning to buy the project financing unit of the Royal Bank of Scotland for about 500bn yen (£3.9bn). The Japanese bank presented a final offer price late last month to the British government, which controls 84 per cent of RBS’ voting rights, and is expected to sign a deal by year end and complete it in the first half of 2011. RBS’ project financing unit is one of the non-core operations that the government has asked the bank to sell to pay back public funds. Tuesday 2 November 2010 10:06 pm Mitsubishi set to buy RBS unit whatsapp Sharecenter_img Show Comments ▼ KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img read more

IMF warns banking rules lack global theme

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Wednesday 3 November 2010 9:49 pm Show Comments ▼ whatsapp whatsapp Tags: NULL Sharecenter_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com TOUGH new banking rules may not be enough to prevent another financial crisis unless there is closer global co-ordination, the IMF warned yesterday.Global banking supervisors agreed in September the so-called Basel III rules which set tough new requirements for bank capital and liquidity. The Financial Stability Board (FSB) is now working on additional measures for large banks whose failure would pose a serious risk to the wider financial system. But an IMF study of 62 “large complex financial institutions” warns that some investment banks are still likely to find a way to circumvent the myriad of new rules facing them.“Banks with major investment banking focus may be able to restructure their activities to reduce the effects of regulatory reforms, notwithstanding a multitude of regulations affecting their activities,” the IMF report said. The IMF warns that some banks may be able to shift their activities into the less regulated “shadow banking” sector while others could relocate to countries with less onerous regimes: “In some countries, the slow progress in reaching international consensus have resulted in the adoption of national regulatory reform.” IMF warns banking rules lack global theme KCS-content last_img read more

Nokia and Apple lose sales to cheap Chinese phones

first_img Share whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Wednesday 10 November 2010 8:37 pm Nokia and Apple lose sales to cheap Chinese phones KCS-content center_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution whatsapp NOKIA and other established handset makers are quickly losing global market share to a push by Chinese no-brand vendors into emerging markets, research firm Gartner said.Surging growth of no-brand manufacturers coupled with growing smartphone sales boosted third-quarter mobile phone sales 35 per cent, Gartner said yesterday. But Nokia saw its marketshare slip from 44.6 per cent to 36.6 per cent in the period.No-brand manufacturers, mostly small Chinese firms, have this year quickly expanded their reach outside China into Africa, India, Latin America and Russia.These manufacturers, who sell in total roughly as many phones as Nokia, will soon focus on smartphones, using Mediatek’s new Android chipset, Gartner said. Tags: NULLlast_img read more

VINTAGE BUBBLY WORTH £31K A BOTTLE

first_img KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Share Tags: NULL Show Comments ▼ whatsappcenter_img VINTAGE BUBBLY WORTH £31K A BOTTLE EXPERTS have predicted that a batch of 168 bottles of vintage champagne salvaged by divers during the summer is likely to become the world’s most expensive, with some experts, who got to taste the first sample yesterday, estimating each bottle could fetch more than €50,000 (£31,400). The first bottle goes on sale next year. whatsapp Wednesday 17 November 2010 8:16 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutDaily Finance StoriesChrissy Metz, 40, Shows Off Massive Weight Loss In Fierce New PhotoDaily Finance Storieslast_img read more

Government publishes spending data

first_img Show Comments ▼ whatsapp Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo THE government is to publish a list of its biggest suppliers today as it launches its drive to make public spending more accountable.Cabinet Office minister, Francis Maude, will publish the spending data later this morning which shows all departmental spending above £25,000.Among the government’s biggest suppliers are the Young People’s Learning Agency, established in April to provide support for training and education to all 16 to 19 year-olds in England, Partnerships for Schools and the Greater London Authority. The data published covers government spending over the last six months and the government expects that charities alongside access to information groups will use it to help the public understand where money is being spent.The government has also created an open access website to give the public and computer programme developers easy access to the data from all levels of government.The Taxpayers Alliance welcomed the move. A?spokesman said: “There is lots of excellent information that will make it easier for us to hold the government to account for its spending activities” Tags: NULLcenter_img Thursday 18 November 2010 8:38 pm KCS-content More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPuffer fish snaps a selfie with lucky divernypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Government publishes spending data whatsapplast_img read more

HEDGIES FORK OUT FOR CHARITY AS LORD ARCHER HOSTS THE AUCTION

first_img KCS-content HEDGIES FORK OUT FOR CHARITY AS LORD ARCHER HOSTS THE AUCTION HEDGE fund philanthropists had one of their biggest galas of the year this past weekend, thanks to a fundraiser by Hedge Fund Care, a fund chaired by Robert Mirsky that makes grants to charities fighting child abuse and neglect. 400 or so of the industry’s finest donned their finest blacktie and arrived for a three-course banquet at St Paul’s Grange Hotel. Tables were hosted by the likes of Goldman Sachs, Deutsche Bank, Citigroup, Morgan Stanley, Credit Suisse and HSBC, and at £750 a seat, the guests had already thrown a few thousand into the collection pot before they even sat down. With a charity auction led by Lord Jeffrey Archer – who has reportedly raised £39m at charity auctions in his lifetime – the hedges bid for prizes that included a signed Status Quo guitar and a luxury holiday in Barbados. “Pity the man who decides to stand up and tries to leave while he’s doing an auction,” Mirsky told The Capitalist. With speeches by Esther Rantzen, Mirsky and a 12-year-old girl who had been bullied, the hedgies were hardly wanting for information about the good causes on which they were splashing their cash – which might be why they raised a total of £250,000 after the costs of the evening, which will be available for grants in the coming year.Not a bad haul for an industry supposedly populated by heartless opportunists, eh?TIGER PRANKSSo where do ex-City boys end up several years down the line? Some of them, at least, go on to found businesses, with www.yourgolftravel.com, founded by Ross Marshall and Andrew Harding, celebrating its fifth birthday over the weekend. The top of the Gherkin is certainly a more impressive venue than hosted my fifth birthday party, and the 300 or so traders in attendance were treated to some additional entertainment courtesy of a mischievous friend. With the likes of Colin Montgomerie and Nick Faldo gracing the soiree, who else should show up but a very “WAG-like” girl, who busted her way into the VIP area with shouts and screams. She demanded to speak to Tiger Woods, claiming to be one of Woods’ many maligned girlfriends.Just as the situation moved towards the inevitable call for security, with the party’s hosts turning various shades of red, she suddenly burst in to song, joined by two other seeming “guests” and proceeded to serenade the attendees with West End musical numbers. But what on earth had happened? Pin the blame on Geoff Sewell, who runs Incognito Artists, a firm that sends top actors and actresses from West End shows along to parties to cause mayhem. “I’ve never seen such red faces,” says our source of his hosts.EURO PUNTINGBad news for the euro, good news for traders. WorldSpreads is just about to open up the first spread betting opportunity on the future of the single currency itself. Traders have long been able to bet on the euro as they would on any other major currency, but being able to punt on its existence must surely mark a new low in the euro’s difficult year. The bet will be available from January (so let’s hope it lasts the year!), with a spread of 710-720 days for how long the currency will continue. Optimists bet over 720, with the potential win or loss being 420 times the stake. WorldSpreads CEO Conor Foley says: “Trapped between ideology and reality, the euro will be 2011’s hottest financial debate.” (I think we know what direction you’d bet on, Conor). “Every day we trade futures and currencies, but never before have I seen a trade on the future of a currency.”Better hope those overly keen Eurozone regulators don’t get on the case any time soon!FOR ENGLANDSo the Royal Wedding is meant to cost Britain billions in lost revenues next year, but what about the ever-recurring annual cost of “sick days” pulled after office Christmas parties? A survey of 6,000 people by Travelodge reveals that such stunts will cost the UK economy £620m this year alone. And this is despite the generosity of the businesses throwing them: 38 per cent will pay for the office party this year, thought this is down from 45 per cent in 2009.As for the extent of the boozing, better not tell your health insurer: employees are meant to drink an average of 7.3 units of alcohol at the party, with men gulping down 9.6 and women 5.6. That’s well over the recommended daily limit of 3-4 for men and 2-3 for women.So just bear in mind your patriotic duty, readers, when you wake up with that shattering headache, suffering the consequences of your excesses. The economy needs you!ALL YE TUNEFULWith the Canary Wharf menorah fully lit last week for Chanukah, it’s time for the Christmas carol singers to muscle in on some seasonal action today. Two carol services, at 5.30pm and 7.30pm in East Wintergarden, will host 900 people in total. whatsapp Monday 13 December 2010 9:12 pmcenter_img Share whatsapp Show Comments ▼ Tags: NULLlast_img read more