TSB customers hit by further mobile banking outages

desktop browser or any mobile device. We’re working as hard and as fast as we can to resolve the issue and will update our customers as soon as we can. 2/2 Sophie— TSB (@TSB) July 14, 2018 Saturday 14 July 2018 11:41 am Customers of TSB have faced further technical problems today with the bank’s mobile banking application.The bank, which has endured a torrid time since it migrated its customer records to a new IT platform built by its Spanish parent company Sabadell. Share TSB customers hit by further mobile banking outages Problems with the migration led to significant issues for customers trying to access mobile and online banking and saw chief executive Paul Pester hauled in front of MPs to explain the IT failure.Frustrated customers tweeted TSB’s corporate account with their issues. @TSB It won’t let me login to my tsb account on the app. I’ve tried all morning and afternoon. It doesn’t get past the loading animation pic.twitter.com/ecGPGuVQ8L— lewis (@lewismcdonaldd) July 14, 2018 The bank said: “We’re working as hard and as fast as we can to resolve the issue and will update our customers as soon as we can.” 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.comA 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com James Booth We’re really sorry that some of our customers are experiencing temporary issues with our mobile banking app. Customers are still able to access their accounts via Internet Banking on https://t.co/E7gRLUgbKo using a 1/2 Sophie— TSB (@TSB) July 14, 2018 whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen Heraldinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.commoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comTotal PastThis Woman’s Obituary Was So Harsh, Her Son Was Left ReelingTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutAuto InquirerA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedAuto InquirerCrowdy FanKaley Cuoco Net Worth Left Her Billionaire Husband SpeechlessCrowdy Fan read more

Loot boxes, video games, and others ways the gaming industry wants you to spend more money

first_img What do you get when you buy a game? You might think that, after spending hundreds of pounds on a PlayStation or Xbox console, or an expensive gaming PC, then another £50 on the latest release, you’re getting a full and complete experience.But that’s not necessarily the case. Games are very expensive to make – a big game with top-tier graphics could have cost well over $100m to produce – so games developers and publishers are very keen to make a bigger return on their investment.But the upfront cost of games for consumers is already high, and there are hundreds of competing forms of entertainment. So the trick is to make gamers spend more without necessarily realising it. The most common way to do this is to create extra content, such as new missions, weapons, and decorations called “skins”, that are sold separately to the main game, known as downloadable content (DLC).Read more: UK’s computer games industry grows turnover by a third in a year“DLC is of growing importance to publishers, as it means they can explore different ways to find return on investment,” says Steve Bailey, senior games analyst at IHS Markit. You might think this is a niche issue relegated to internet forums. Think again. Politicians from London to Beijing have expressed concern about loot boxes, comparing them to slot machines and lottery tickets, or warning that they are introducing children to gambling. And regulation may be on the horizon. In March, Labour MP Anna Turley asked the government if it would regulate loot boxes.Whether or not loot boxes count as gambling is the subject of fierce debate. On the one hand, players are guaranteed to receive an item, which they usually can’t trade away or sell. On the other, they can end up spending far more on loot boxes than they did on the original game: Overwatch now costs only around £30 to buy, but advertises a bundle of 50 loot boxes for £35. It’s a complex debate, and Bailey is on the fence.“It’s all too easy for someone to claim that loot boxes are gambling, but the specifics of what this means could vary profoundly between regions.”Concern around the gambling aspects of loot boxes has led to strict regulations in Asia – in China, games publishers have to release the probability of receiving certain items from a loot box – but regulators in the west have been slower to take action.And Dr Jo Twist, chief executive of UK games industry trade association Ukie, says existing consumer protections already cover loot boxes.“The games sector takes a pro-player approach to how it makes its services and has a history of transparent dialogue with regulators, ensuring that games fully comply with UK law,” she says. “Unlike gambling, there is always something of value in a loot box.”However, Bailey warns that the issue hasn’t been settled, and more regulation – or even an outright ban – is still a possibility.“This is a question for the whole of the video games world to reflect on, and one that’s been looming for years. There’s more regulatory scrutiny to come – it’s just a question of when.”For the most part, gamers are fine with loot boxes. They even like them in titles where they are optional and the rewards are purely cosmetic.But there’s an understandable frustration at feeling forced to keep paying out for content even after spending £50 or more on a premium game.The industry has to watch its step. Even if politicians and regulators decide not to act, frustrated gamers might push back, and stop buying games featuring loot boxes altogether. That would be game over for the industry.Read more: Make cool stuff Thursday 18 October 2018 10:41 am Luke GrahamLuke is a former City AM features writer, now features editor for Tyto PR “The most obvious is that it allows a game’s biggest fans to commit further spend on a title that they’re enjoying, and want more of.”The problem is that some players feel compelled to buy DLC if they want the full experience, especially if this “extra” content was actually created as part of the core game, then carved out to be sold separately.Imagine if Amazon sold you a book, but charged extra for the final chapter. You’d probably be outraged. But somehow the gaming industry has been mostly getting away with it. In recent years, rather than backing away from DLC, developers have doubled down on a new form of content that is attracting the attention of regulators and has proven to be as lucrative as it is controversial: the loot box.Players can buy loot boxes from as little as £1 to receive a random assortment of in-game items. The player is guaranteed to receive something, and there is a chance that they’ll get a rare and powerful item, but it could also be relatively useless. It’s a bit like buying a tombola ticket with a prize guarantee – it might just not be the prize you want.The items you receive depend on the game. Loot boxes in online shooter games where players interact with one another, such as Team Fortress 2 or Overwatch (pictured), are usually decorative. Online card games like Hearthstone sell loot boxes in the form of card packs to build your collection. There are football games where gamers buy packs of random players from which to build their own team. Loot boxes, video games, and others ways the gaming industry wants you to spend more money center_img whatsapp Often, players can earn loot boxes while playing the game, or receive them for free as a promotion. The developers hope that players will then want to start buying additional loot boxes in order to get a rare item or complete their collection (gotta catch ’em all, and all that).Team Fortress 2 became free to play in 2011 in order to attract more players who might then buy loot boxes. The game’s developer claimed that this tactic increased revenue by a factor of 12.Loot boxes have appeared in games as far back as 2004, but started to become prominent in 2016, featuring in dozens of major titles.2017’s online multiplayer shooter Star Wars Battlefront 2 sparked controversy with its loot box system, which rewarded players with “Star Cards” that gave their character a distinct advantage in combat. Gamers labelled this sort of practice “pay to win”, and the developer eventually backtracked and removed the cards from loot boxes due to this criticism.Players and games journalists have also complained that developers are designing games around loot boxes. Writing for Forbes, Paul Tassi said loot boxes “crippled” 2017’s Shadow of War, and added that games were being “designed to steer people toward loot boxes stores, whether they want to be there or not”. Share whatsapp Tags: Amazon Company Gaming Seniorlast_img read more

Danske Bank charged in Estonian money laundering scandal

first_img whatsapp “We had expected prosecutors to bring charges in light of our report from September this year. It is in our interest that this matter is examined and we will naturally cooperate and provide prosecutors with all information we have on this matter,” interim chief executive Jesper Nielsen said.“Over the last few years we have taken a number of steps and moved the bank forwards, away from the suspicious activity in Estonia. We will continue to prioritise this work going forward,” he added.Prosecutors said they have established a joint team with Estonian authorities to investigate the bank’s alleged money laundering, which they said stretched into billions of Danish krone.They are investigating whether to also bring charges in Estonia, said Morten Niels Jakobsen, chief prosecutor at the Danish serious economic crime unit.He added: “The material in this case is very large and extensive, but we have now come far enough to bring charges against the bank. It is important to stress, however, that we are still at an early stage in our investigation.” August Graham Danske Bank charged in Estonian money laundering scandal Danske Bank has been charged with four counts of breaking Danish money laundering laws following a major scandal at its Estonian affiliate.The charges relate to the bank’s handling of so-called non-resident clients at its Estonian branch between 2007 and 2016, Danish prosecutors allege. Tags: Trading Archive The investigation has followed two main lines of questioning, prosecutors said. Firstly they assessed whether to bring charges for violating Danish money laundering laws, secondly if any managers can be held personally liable.Shares in the bank dropped slightly on the news, and are trading up 0.4 per cent to 135.5 Danish krone after gains made earlier in the day.Prosecutors started investigating the bank in early August following a scandal which has claimed Danske’s chief executive Thomas Borgen.The Danish government last month blocked an attempt to replace Borgen with head of wealth management Jacob Aarup-Andersen, saying he was too inexperienced.US and Estonian authorities have also confirmed they are looking into the €200bn money laundering case. Some 42 employees and agents are thought to have been involved in suspicious activity at the bank’s Estonian branch, and nearly all of its 6,200 customers in the non-resident portfolio have been reported to authorities.Authorities in Denmark announced a separate investigation in early November into the involvement of Danske, and fellow Nordic banks Nordea and SEB, in a tax avoidance scheme. Wednesday 28 November 2018 2:59 pm whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI 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.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Share last_img read more

Bored of Brexit? How the B-word went from advertiser’s dream to branding disaster

first_imgTuesday 11 December 2018 8:11 am whatsapp Brexit has been devoid of any persistent and steady thread. For two years, the idea of Brexit has shifted and morphed.At first, we were told: “no deal is better than a bad deal”. Then we were told that it isn’t. At one point we were led to believe that we’d be free to negotiate new free trade arrangements during the transition period, now we’re not.Put bluntly, voters are thoroughly confused about what Brexit means, and we’ve given up trying to figure it out. We’ve become detached from the brand.Branding in politics is never an easy task, but it’s not impossible. Tony Blair’s embrace of “Cool Britannia” and Margaret Thatcher’s status as the “Iron Lady” were both exercises in political branding gone right.The current Prime Minister may have just run out of time to turn this around and transform Brexit into a barnstorming brand that resonates with the British public. If advertising agencies want to send in their pitch, they know the address. Leon EmiraliLeon Emirali is an entrepreneur and adviser. Follow him on Twitter @LeonEmirali Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastScientific MirrorLily From The AT&T Ads Is Causing A Stir For One ReasonScientific MirrorMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyFaith Hill’s Daughter Is Probably The Prettiest Woman In The WorldNoteableyFinance Wealth PostTom Selleck’s Daughter Is Probably The Prettiest Woman To Ever ExistFinance Wealth Postmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.com For many of the world’s largest brands, this would be a dream. The likes of Nike, Coca-Cola and Amazon spend billions of pounds for the kind of ubiquity that “Brexit” enjoys.Even more frustrating for corporate marketing teams is that this level of recognition has been achieved on a shoestring budget (if we’re not taking into account the $2 trillion that the referendum vote wiped off the global stock market).And yet, despite this enviable share of the media spotlight, Brexit is failing as a brand. One of the few things that unites both Brexiteers and Remainers is that both are thoroughly bored of the topic.According to polls, voters on both sides of the debate find the topic of Brexit more tedious than they do interesting. And that’s a problem for Theresa May.For the last couple of weeks, the Prime Minister has taken on the role of a travelling salesperson, navigating the length and breadth of the country, knocking on doors, trying to make a sale. More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Opinioncenter_img The word “Brexit” is unavoidable.When we pick up a newspaper, turn on the TV, or log in to social media, the B-word follows us everywhere. whatsapp While she possesses all the assets of a great salesperson – tenacity, doggedness, determination – she has been let down badly by her branding department.Just as there is often tension between salespeople and marketers, now that she is back at HQ to run through her figures, she has every right to cast a frustrated glance at her colleagues who have sought safety and comfort by avoiding the sharp-end of the transaction.So what went wrong? First, let’s define a brand. A brand isn’t just a logo or a name. It’s a non-tangible feeling you get when you interact with something. It’s the attachment and association of loftier virtues to a company or organisation.You hear the word Rolex and it evokes a reaction. You walk in to an Apple Store and it sparks a sensation. You read the word Brexit and you roll your eyes.Successful brands have got to where they are today through consistency. Since day one, Rolex has meant luxury, Apple has meant creativity, Nike has meant success. Bored of Brexit? How the B-word went from advertiser’s dream to branding disaster 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. Tags: Amazon Apple Brexit People Theresa May Tony Blairlast_img read more

John Major urges Prime Minister May to ditch red lines on Brexit negotiations

first_img Share John Major urges Prime Minister May to ditch red lines on Brexit negotiations whatsapp Saturday 19 January 2019 11:39 am More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Former Conservative prime minister John Major has urged Theresa May to drop her so called red lines on Brexit negotiations and let parliament find a way to avoid a no deal scenario.Major said: “Her deal is dead and I don’t think honestly that tinkering with it is going to make very much difference if any difference at all.” Until a consensus is reached, Major added, delaying Brexit was sensible.But former foreign secretary Boris Johnson warned yesterday that politicians risk losing the electorate’s trust if they were to delay Brexit by extending Article 50 beyond 29 March.Read more: Retail sales fall as ‘suffocating’ Brexit uncertainty envelopes UK high streetsIn a speech at building machinery giant JCB’s headquarters in Staffordshire, he said: “It’s overwhelmingly likely we will get a deal, a good deal – we just won’t get this deal.”“To extend Article 50 now would no nothing but erode trust in politics,” the former foreign secretary added. “It would cause widespread international dismay.” center_img whatsapp Alex Daniel Read more: Customs union compromise could open the door to renewed talks on Brexit, says commissioner“If we leave in chaos and without a deal, that seems to me to be the worst of all outcomes,” he told BBC radio.Major, who was prime minister from 1990 to 1997, said he compromised on big decisions surrounding the Northern Irish peace process and the first Gulf War.May should do the same, he said, after parliament rejected her proposed Brexit deal with a resounding majority on Tuesday night.The Prime Minister is due to tell parliament on Monday how she intends to get past the current impasse, which has left business leaders and industry chiefs fearful of a damaging no deal Brexit. Tags: Brexit People Theresa Maylast_img read more

Michelle Obama’s Becoming memoir sells 10m copies

first_img whatsapp Chief executive Markus Dohle told media that Michelle Obama’s memoir could become a “modern classic”, selling well every year.Dohle said he hopes that Barack Obama’s memoir will be published this year. Michelle Obama’s Becoming memoir sells 10m copies Former first lady Michelle Obama’s memoir has sold 10m copies after just five months on shop shelves, helping push revenues at her publisher to its highest in more than a decade.Read more: Uber cars stock children’s books in drive to boost bedtime reading Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamour’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?VegamourThis Is How Often You Should Cut Your HairVegamourRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe Wrap German media giant Bertelsmann has a 75 per cent stake in Penguin Random House, which published bestseller Becoming after acquiring the book in a £48m deal that includes rights to former President Barack Obama’s next book.“We believe this could become the most successful memoir ever,” Bertelsmann chief executive Thomas Rabe told Bloomberg.The book sales lifted Bertelsmann’s total revenue to $20bn (£15.1bn), its highest since 2007.Obama’s memoir, which focuses on her journey from Chicago’s south side to the White House, covers her and Barack’s difficulties conceiving and her thoughts on current US President Donald Trump.Read more: Secret Service intercepts suspicious packages sent to Obama and Clintoncenter_img Share Alyana Vera Tuesday 26 March 2019 2:22 pm whatsapp Tags: Barack Obama Peoplelast_img read more

Ladbrokes-owner GVC increases gambling revenue in first quarter

first_img James Booth Read more: GVC shares plunge as bosses offload majority of their holdingsUK retail revenue was flat while European retail revenue was up two per cent.The company said the impact of the cut in the amount allowed to be staked on fixed odds betting terminals was not yet clear after its introduction on 1 April.GVC said it is confident of meeting market expectations on profits for the financial year.Read more: Ladbrokes owner GVC scores on World Cup betting splurge Share Chief executive Kenneth Alexander said: “This trading update reflects a continuation of the strong trends reported on 5 March 2019, and represents an excellent start to the year. We continue to see good volume growth across all major online brands and territories and we remain very confident of achieving our target of double-digit online NGR growth.“The impact of soft gross win margins in Italy and the UK was offset by improved margins in other territories, demonstrating the benefit of both geographic and product diversification across the group.“In UK retail and European retail, improved sports wagering growth helped offset softer sports gross win margins. New B2 machines stakes restrictions were implemented in the UK on 1 April 2019 and we expect it to be several weeks before we can start to assess the impact. At this early stage of the year, the board is confident of delivering EBITDA and operating profit in-line with expectations.”George Salmon, equity analyst at Hargreaves Lansdown said: “It was only a brief first quarter trading update, but this announcement was important for GVC after market confidence was rocked by senior management dumping millions of shares last month. With the group still cantering towards its targets of double-digit online revenue growth, we think these numbers are generally reassuring.”One blot on the copybook is that win margins are lower, meaning customers have had a comparatively good run recently. But the bookie always wins in the end. Punters often recycle a significant chunk of their winnings into another bet, and bookmakers can count on time taking its toll on a gambler’s roll. GVC will be hoping the tide turns over Grand National weekend, which is of course one of the most lucrative in the sporting calendar.“ Ladbrokes-owner GVC increases gambling revenue in first quarter Friday 5 April 2019 8:02 amcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemMisterStoryWoman files for divorce after seeing this photoMisterStoryDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily Funny GVC said today that it had increased gambling revenue in the first quarter by eight per cent.In a trading update, the Ladbrokes-owner said online net-gaming revenue (NGR) increased 17 per cent, which it said included strong volume growth in all territories. whatsapp whatsapp Tags: Company Gaming Ladbrokeslast_img read more

Metro Bank shares rebound from all-time lows after Whatsapp rumours quashed

first_imgThe firm also ramped up its criticism of the bank’s governance and called for fresh faces on the board to avoid the risk of ‘group-think’.Another proxy adviser ISS urged shareholders to abstain on re-electing chief executive Craig Donaldson and chairman Vernon Hill.ISS said accountability for the loans error sat with the pair, as well as directors Steve Bernau and Gene Lockhart, but noted that regulatory probes were still ongoing.Read more: Major investor cuts Metro Bank stake by almost a thirdThe firm also recommended shareholders vote against the bank’s remuneration report, and in particular chief financial officer David Arden’s £288,000 bonus, at the bank’s AGM later this month.“This payment is not considered appropriate given the recent shareholder experience, including the significant fall in share price,” ISS said in a note. Callum Keown Tuesday 14 May 2019 12:39 pm Share Metro Bank shares have rebounded today after plunging to all-time lows following false Whatsapp rumours of fresh financial turmoil.The challenger bank’s share price has risen 7.7 per cent this morning, returning to 511p – similar levels as yesterday morning. whatsapp Tags: Trading Archive 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 FactoryFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm Oraclebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemMisterStoryWoman files for divorce after seeing this photoMisterStoryPost FunThe Deadliest Snakes Ever Found On The PlanetPost Fun Metro Bank shares rebound from all-time lows after Whatsapp rumours quashed Despite today’s bounce, the bank’s stock is down 77 per cent since the lender admitted in January that a swathe of commercial loans had been wrongly classified and should have been among its “risk-weighted assets.”The company plans to tap up investors for £350m in a rights issue that could be launched later this week.Hedge funds have also circled the bank ahead of the capital raise and Metro’s 11.6 per cent short position makes it the most shorted UK stock.Pressure has mounted on the board ahead of the bank’s AGM later this month.Shareholder advisory group Glass Lewis has urged investors to vote against the re-election of chairman Vernon Hill over payments made by the bank to Hill’s wife’s architecture firm InterArch, which has a contract for the design of its branches. whatsapp Read more: Metro Bank denies rumours of financial trouble ahead of fundraisingBut the stock plummeted to all-time lows of 475p yesterday after the bank was forced to quash rumours on social media.Some customers rushed to branches in west London over the weekend to withdraw money and items from safe deposit boxes following warnings on Whatsapp.The bank said the rumours were false and insisted it remained a “safe and secure haven” for customers’ money.Metro Bank also attempted to reassure customers that its £350m capital raise – in response to a major loans blunder – was “well advanced.” last_img read more

Interest rates would be hiked if Britain achieves orderly Brexit, says Bank of England

first_img Harry Robertson More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Deputy governor of the Bank of England Dave Ramsden has said interest rates would need to be hiked if Britain leaves the European Union in an orderly manner with a transition deal.Read more: Hammond may topple new PM to prevent no-deal Brexit Thursday 30 May 2019 10:28 am Share whatsapp whatsapp 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 FactoryUndoFilm 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 HeraldUndoDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndoHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemUndoPost FunThe Deadliest Snakes Ever Found On The PlanetPost FunUndo Britain’s departure date from the bloc was extended from 29 March to 31 October by Brussels and Prime Minister Theresa May in the hope of getting a deal through parliament.However, after three failures to pass her agreement May announced her resignation. The contest to replace her as Conservative leader and PM is likely to see a Brexiter installed who may take Britain out of the EU without a deal.“That would have large negative economic effects, both in the Bank’s view and in the views of the businesses we talk to up and down the country,” he said.Yet he said the financial system would be resilient even to a “worst case disorderly scenario”, meaning “banks would be able to continue to lend to households and businesses in a way they couldn’t at the time of the financial crisis”.Read more: Bank of England upgrades UK economy growth forecastRamsden said the Bank’s response to such an event would depend on its exact shape. “There are scenarios where the balance of those factors would mean looser monetary policy was appropriate, and other scenarios where it would be appropriate to tighten,” he said. Interest rates would be hiked if Britain achieves orderly Brexit, says Bank of England Ramsden, speaking in Inverness, Scotland, said although he expected growth to pick up if a deal is reached, he is more pessimistic about UK economic growth than his colleagues on the Bank’s monetary policy committee (MPC).His speech echoed the position of the MPC on interest rates, which signalled at its last announcement earlier this month that “ongoing tightening of monetary policy” was appropriate, with governor Mark Carney saying he thought the markets were not accurately factoring in rates rises.Ramsden, who has a slim chance of replacing Carney when he steps down in January 2020, said today: “If we get a smooth Brexit with a transition deal… I expect growth to pick up, leading to excess demand and building domestic inflationary pressure, so that further monetary tightening is appropriate to maintain monetary stability.”He said he was “a little more pessimistic on GDP growth than my colleagues on the MPC”, saying he saw “more downside risks to productivity” and was “less optimistic that investment will recover as much as it does” in the MPC’s latest forecast.The deputy governor warned that “unarguably the biggest risk to the UK economy and UK financial stability, remains that of a Brexit outcome of no deal and no transition”. Tags: Bank of England Brexit Mark Carney People Theresa Maylast_img read more

Istanbul has rekindled Turkey’s fight against religious autocracy

first_img More From Our Partners A 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.comBrave 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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com After its fall to the Turks in 1453, the newly-minted Constantinople became the capital of the Ottoman Empire, from where Sultans dispensed law and justice across a domain that at its peak spanned from the Middle East and North Africa to the gates of Vienna.  Opinion Alan MendozaAlan Mendoza is executive director of the Henry Jackson Society. In a country where the threat of military rule – frequently exercised in the course of Turkey’s tumultuous history – was long deemed by Istanbul’s liberal elite to be the greatest danger to their interests, even Erdogan’s Islamist beliefs were considered a price worth paying in exchange for stability and economic growth.  While Erdogan at first delivered on his early promises of economic development and the defanging of the military, it quickly became apparent that he had a loftier goal: the complete transformation of Turkish society and politics. And he was not going to allow little things like the norms of democracy and rule of law to stand in his way. whatsapp Share And he was a pretty good one. Istanbulis recall a reformer who pared down municipal debt while tackling congestion and air pollution.  The city rewarded its former mayor by providing the political muscle for his transition into national politics, buoyed by the idea that his social conservatism would play second fiddle to his commitment to financial liberalisation and securing EU membership. Or maybe they noticed that even his economic bubble had burst, with the economy nose-diving as the bill for years of debt-fuelled growth came due. While diminished in the post-First World War settlement, Istanbul has retained its economic importance to contemporary Turkey, as well as a romantic hold on the hearts of many beyond its borders.  Secular and cosmopolitan, and straddling the divide between Europe and Asia, such is its political weight that it is said that as Istanbul goes, so ultimately, does Turkey. Either way, in March this year, Istanbul rose to the occasion once more, determined to recapture its role in Turkey’s destiny by electing opposition candidate Ekrem Imamoglu in its mayoral election by a margin of just 13,000 votes. This was narrow enough for an enraged Erdogan to pressurise the Electoral Commission to declare the vote invalid owing to “irregularities”.  Erdogan has not looked back since, but Istanbul – along with much of the remainder of secular, liberal Turkey – has suffered buyer’s remorse.  Despite this, and the institutional bias against him occasioned by the President’s party having control of all the levers of power and influence, Imamoglu won last weekend’s rerun handsomely with some 54 per cent of the vote. Under Erdogan, Turkey has begun to adopt the trappings of a police state. Press freedom has been crushed, and the country has the highest number of journalists imprisoned per capita in the world.  Opposition political parties are denied fair access to media outlets, and their activists have been harassed and jailed. The judiciary has been compromised, and show trials of military leaders and anyone deemed a threat by Erdogan – particularly after the failed coup d’etat of 2016 – occur on a regular basis. 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. As Byzantium, it was first the fortress of the eastern Roman Empire and then the bastion of Orthodox Christianity.  Perhaps as they surveyed the wreckage of Turkish civil society occasioned by his period in office, Isanbulis recalled that, while he was their mayor, Erdogan pronounced that “democracy is like a train: you get off when you reach your destination”, and decided that enough was finally enough.  Erdogan’s reputation and rule has been built on the inevitability of his success, with victory after victory reinforcing the idea that there was no alternative. For the first time in many years, Turks now have a new star in the firmament to turn to. It is difficult to see how Erdoganism will long survive this revelation. The resulting showdown has been epic, but decisive. Erdogan threw everything but the kitchen sink at Imamoglu, accusing him of being a terrorist, a coup supporter, an advocate of Egypt’s militant secularist President Sisi, and even secretly a Greek.  Wednesday 26 June 2019 5:14 am Through it all, Turkey’s secular settlement has been comprehensively undermined by a variety of laws ranging from the ending of the headscarf ban in public institutions to the restriction of the sale and advertising of alcohol.  TOPSHOT – Supporters of Istanbul Mayor Ekrem Imamoglu shout anti-government slogans as they take part in a protest against the re-run of Istanbul mayoral election in Istanbul, on May 6, 2019. – Turkey’s top election body ordered a re-run of Istanbul’s mayoral election on May 6 after the party of President Recep Tayyip Erdogan complained about its shock defeat in the vote, the state news agency reported. The winner of the election, Ekrem Imamoglu of the main opposition Republican People’s Party (CHP), said it was a “treacherous decision” and vowed to fight on. (Photo by Yasin AKGUL / AFP) (Photo credit should read YASIN AKGUL/AFP/Getty Images) The path of democracy in Turkey may still resemble Erdogan’s train journey. But while he may have decided to alight some time ago, Istanbul has proven that there is still plenty of track left before the end of the line. One man who understands this implicitly is Recep Tayyip Erdogan. Long before a national political career that has seen him essentially run Turkey as Prime Minister from 2003 and then President from 2014, Erdogan was mayor of Istanbul.  It is difficult to overplay the significance of this incredible result in unlikely circumstances. A quarter of a century of Erdogan’s sway over the city has ended. But it is ultimately the refutation of his methods and direction for all of Turkey that will have the greater resonance. Istanbul has rekindled Turkey’s fight against religious autocracy whatsapp Istanbul is one of the most famous cities in the world, on account of a storied history encompassing myriad great events. last_img read more