Coast Guard rescues two goat hunters in Juneau

first_imgJuneau | Outdoors | Public Safety | Search & RescueCoast Guard rescues two goat hunters in JuneauOctober 11, 2017 by Tripp J Crouse, KTOO Share:Two men hunting goats suffered mild hypothermia after getting stuck on Blackerby Ridge in Juneau late Tuesday night.  According to a Coast Guard news release, the two men, ages 22 and 24, radioed the Coast Guard for help at about 8:30 p.m.  The men were not prepared to stay out past sundown and were dehydrated. Their water froze, and they were unable to start a fire.  Coast Guard Air Station Sitka sent an MH-60 Jayhawk helicopter and crew. They found the men at 11:04 p.m., hoisted them to safety and delivered them to the Juneau National Guard hangar at 11:45 p.m.  Share this story:last_img

Labour’s Liz Kendall has “no problem” with a budget surplus

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgSidney Crosby, Alex Ovechkin are graying and frayingnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.com Show Comments ▼ Labour leadership candidate Liz Kendall has said she has “no problem” with aiming for a budget surplus, a policy the government wants to enshrine in law, which commentators say is a political move designed to pressure the Labour party.Read more: UK budget since 1986: There has been deficits for 22 of 30 years “Labour should never be in favour of budget deficits for the sake of it. I have no problem aiming for a surplus. We must learn the lessons of what happened after the 2010 election and make sure our economic policy is defined by us and not by the Conservatives,” Kendall said according to the Guardian.”We lost the last election because we were not trusted with the economy or with taxes and this time we have to be crystal clear what our deficit policy is as early as possible.”While it’s not yet known how the new fiscal mandate will be enforced, further details are due to be included in the summer Budget on 8 July.Read more: Business sounds alarm over Osborne’s “fiscal straightjacket”Political commentators have since said Osborne’s announcement was a primarily political, rather than economic, calling it a move designed to draw attention to the Labour party’s fiscal policies ahead of its leadership elections.Ex-chancellor Lord Lawson told Radio 4’s Today programme: “George Osborne is very political and I think that, bearing in mind the gross irresponsibility of the increases in public expenditure towards the latter part of the last Labour government, it is understandable that he should want to make a point about this.”Business groups have also warned that the new law would limit the ability of governments to use fiscal policy as a tool to counter any future economic downturns.”While running a budget surplus is a laudable aim, economic history shows that the national interest sometimes requires fiscal flexibility,” John Longworth, director general of the British Chambers of Commerce, said.”It is impossible to predict global economic conditions with any certainty, so no government should not put itself into a fiscal straitjacket that limits its scope to respond.” whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment Guruzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveLivestlyThe Best Redhead Actresses, RankedLivestlyAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmcenter_img Labour’s Liz Kendall has “no problem” with a budget surplus Jessica Morris whatsapp Thursday 11 June 2015 7:42 am Tags: July Budget 2015 Labour leadership racelast_img read more

TSX signs deal with Colombian exchange to share information

Share this article and your comments with peers on social media Canadian Press The Toronto Stock Exchange (TSX:X) and TSX Venture Exchange have signed a deal with Colombian stock market operator Bolsa de Valores de Colombia (BVC) to share information and make it easier for the dual listing of companies. The exchanges said Thursday they will also help each other understand the process and rules for listing and trading securities in each other’s jurisdiction and explore and develop joint marketing opportunities. As of April 30, there are five dual listings between TSX and BVC. There are 19 companies listed on TSX and 43 companies listed on TSXV with operations in Colombia. By market size, BVC is the fourth largest stock exchange in Latin America. A Canada-Colombia Free Trade Agreement was signed in 2010 and came into force last August. Facebook LinkedIn Twitter Negative 2021 outlook on exchange, clearing sector: Fitch Canadian IPO market limps through Q3, PwC reports Nasdaq sharpens market surveillance Keywords Stock exchangesCompanies Toronto Stock Exchange Related news read more

Trusteed pension plan assets rise in Q4: StatsCan

first_img In Q4 2016, pension funds’ equity holdings grew by 4.4%, but the value of their bond holdings declined by 3.5%. The value of their mortgage investments surged by 13.4% in the quarter, although they only account for 1.2% of total pension fund assets. The national statistical agency also reports that pension fund revenue increased by 24.4% to $56.7 billion in Q4 2016, and expenditures grew by 10.5% to $ 22.4 billion, mainly due to year-end increases in administration costs and losses from the sale of securities. As a result, net income rose to $34.3 billion in Q4, up from $25.3 billion in Q3. Pension fund managers reported that investment income increased by 59.3% during the year, StatsCan says, employer and employee contributions rose by 15.9%, and profits from the sale of securities gained 12.6%. Keywords Pensions Surging bond yields take a bite out of Canadian DB plans DB plan solvency in best position since financial crisis: FSRA Related news James Langton center_img Mature single women are wealthier than mature single men, StatsCan finds Canadian employer pension plan assets continued to climb in 2016, albeit at a slower rate than in 2015, according to data published on Thursday from Statistics Canada. The market value of Canadian trusteed pension funds totalled $1.7trillion at the end of the fourth quarter (Q4) of2016, which was up 0.4% from the previous quarter. On an annual basis, pension asset growth slowed from 8.5% in 2015 to 4.8% in 2016. Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

Blueprint launched for NHS and social care reform following pandemic

first_imgBlueprint launched for NHS and social care reform following pandemic Action will support recovery by stripping away unnecessary legislative bureaucracy, empowering local leaders and services and tackling health inequalitiesThe reforms build on the NHS’s Long Term Plan proposals and a bill will be laid in Parliament when parliamentary time allows to carry the proposals into lawThe Health and Social Care Secretary, with the support of NHS England and health and care system leaders, will today set out new proposals to build on the successful NHS response to the pandemic. The proposals will bring health and care services closer together to build back better by improving care and tackling health inequalities through measures to address obesity, oral health and patient choice.The measures set out today, in a government white paper to be published on GOV.UK, will modernise the legal framework to make the health and care system fit for the future and put in place targeted improvements for the delivery of public health and social care. It will support local health and care systems to deliver higher-quality care to their communities, in a way that is less legally bureaucratic, more accountable and more joined up, by bringing together the NHS, local government and partners together to tackle the needs of their communities as a whole.The proposals build on the NHS’ recommendations for legislative change in the Long Term Plan and come a decade on from the last major piece of health and care legislation. While the NHS has made practical adaptations within the current legal framework, this can be unnecessarily time consuming and changes are now necessary as part of the future recovery process from the pandemic.The measures include proposals to make integrated care the default, reduce legal bureaucracy, and better support social care, public health and the NHS. The reforms will enable the health and care sector to use technology in a modern way, establishing it as a better platform to support staff and patient care, for example by improving the quality and availability of data across the health and care sector to enable systems to plan for the future care of their communities.Health and Social Care Secretary Matt Hancock said:The NHS and local government have long been calling for better integration and less burdensome bureaucracy, and this virus has made clear the time for change is now.These changes will allow us to build back better and bottle the innovation and ingenuity of our brilliant staff during the pandemic, where progress was made despite the legal framework, rather than because of it.The proposals build on what the NHS has called for and will become the foundations for a health and care system which is more integrated, more innovative and responsive, and more ready to respond to the challenges of tomorrow, from health inequalities to our ageing population.By acting now, the government can make permanent some of the beneficial changes where COVID-19 has catalysed new and better ways of working and clear the path for improvements into the next decade such as delivering on manifesto commitments including 50,000 more nurses and 40 new hospitals.Sir Simon Stevens, Chief Executive of the NHS, said:Our legislative proposals go with the grain of what patients and staff across the health service all want to see – more joined-up care, less legal bureaucracy and a sharper focus on prevention, inequality and social care.This legislation builds on the past seven years of practical experience and experimentation across the health service and the flexible ‘can-do’ spirit NHS staff have shown in spades throughout the pandemic.The proposals are designed to be flexible, allowing the health and care system to continue to evolve, and are designed to better equip the NHS and local health services to meet the longer-term health and societal challenges over the coming decades.Key measures included in the ‘Integration and Innovation: working together to improve health and social care for all’ white paper include:The NHS and local government to come together legally as part of integrated care systems to plan health and care services around their patients’ needs, and quickly implement innovative solutions to problems which would normally take years to fix, including moving services out of hospitals and into the community, focusing on preventative healthcareHardworking NHS staff currently waste a significant amount of time on unnecessary tendering processes for healthcare services. Under today’s proposals, the NHS will only need to tender services when it has the potential to lead to better outcomes for patients. This will mean staff can spend more time on patients and providing care, and local NHS services will have more power to act in the best interests of their communitiesThe safety of patients is at the heart of NHS services. The upcoming bill will put the Healthcare Safety Investigations Branch permanently into law as a statutory body so it can continue to reduce risk and improve safety. The Healthcare Safety Investigations Branch already investigates when things go wrong without blaming people, so that mistakes can be learned from, and this strengthens its legal footingA package of measures to deliver on specific needs in the social care sector. This will improve oversight and accountability in the delivery of services through new assurance and data sharing measures in social care, update the legal framework to enable person-centred models of hospital discharge, and introduce improved powers for the Secretary of State to directly make payments to adult social care providers where requiredThe pandemic has shown the impact of inequalities on public health outcomes and the need for government to act to help level up health across the country. Legislation will help to support the introduction of new requirements about calorie labelling on food and drink packaging and the advertising of junk food before the 9pm watershedProf Helen Stokes-Lampard, Chair of the Academy of Medical Royal Colleges, said:We welcome the central proposals to drive integration and support greater collaboration through integrated care systems (ICS), that go beyond the traditional NHS boundaries. This is absolutely the right direction of travel for health and care more widely.Legislation won’t make collaboration happen, but it can remove barriers and facilitate the changes that the NHS really needs as we move into the post-pandemic recovery stage.It is vital that we see genuine clinical engagement at every level of the operation of the ICS to drive collaboration.We will look forward to reviewing the full range of proposals and engaging in the development of the legislation.The legislation will fold Monitor and the NHS Trust Development Authority into NHS England, while maintaining the clinical and day to day operational independence of the NHS. Corresponding reforms will ensure the Secretary of State for Health and Social Care has the right levers to ensure accountability back to Parliament and taxpayers.The white paper sets out the government’s proposals for legislation, building on the extensive consultation that has already been undertaken by NHS England. A bill will be laid before Parliament later in the year.The government intends to bring forward separate proposals on social care reform later this year.Ed Garratt, Executive Lead for the Suffolk and North East Essex Integrated Care System, said:I welcome the white paper, as the lead of an integrated care system, as it gives clearer accountability for the NHS and at a system level formalises shared governance across the NHS, local government and other partners. The proposals will support greater collective effort on improving outcomes for our population, which is the ultimate purpose of our work.Case study on joined-up careGreater integration of services across the NHS, voluntary sector and local authority has enabled Cambridgeshire and Peterborough to provide more effective support to people experiencing a mental health crisis.By establishing a community-based mental health crisis First Response Service (FRS), the county has been able to provide responsive support for anyone experiencing mental health crisis.Before the service was launched, there was no capacity to see people in need of mental health care out of hours, except via A&E. And there was no self-referral route, meaning many sought help direct from A&E.Open 24/7, the FRS provides support for people of all ages across Cambridgeshire and Peterborough. It welcomes self-referrals as well as urgent referrals from carers, GPs, ambulance crews, police and the emergency department. The result has been a 20% reduction in the use of the emergency department for mental healthcare and a 26% decrease in the number of people with mental health needs being admitted to acute hospitals from the emergency department.It has also resulted in fewer ambulance call-outs, assessments and conveyances to the emergency department and reduced the need for out of hours GPs to see people in mental health crisis.Case study on bureaucracyThe Department of Health and Social Care’s consultation reviewed what bureaucracy looks like in the health and care system. It found that NHS staff felt that unnecessary bureaucracy is time-consuming, frustrating and stressful, largely because they felt it took them away from patient care.In Manchester, following the 2012 reforms, re-tendering and re-procurement have become much more frequent to meet competition regulations, even when they are won repeatedly by the same organisation. In order to overcome this hurdle, the Local Government Association shifted the procurement window of a project on homelessness in Manchester from 3 to 7 years. The new re-procurement period allowed the organisation to retain staff, think longer term about the project and to consider innovative solutions that had been impossible before because of time constraints. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Department of Health, emergency department, Government, health, health services, homelessness, legislation, Local Government, mental health, patient care, Peterborough, prevention, public health, secretary of state, technology, UK, UK Governmentlast_img read more

Eligible producers receive 100% compensation for unpaid deliveries to Canpulse Foods Ltd. and Global Grain Canada Ltd

first_imgEligible producers receive 100% compensation for unpaid deliveries to Canpulse Foods Ltd. and Global Grain Canada Ltd From: Canadian Grain CommissionEligible producers who were not paid for grain delivered to Canpulse Foods Ltd. and Global Grain Canada Ltd. will be fully compensated through the Canadian Grain Commission’s Safeguards for Grain Farmers Program.The Canadian Grain Commission suspended the licences of Canpulse Foods Ltd. and Global Grain Canada Ltd. and their parent company Globeways Canada Inc. on October 31, 2020, when the 3 grain companies were unable to provide security as required under the terms of their licences. The companies were placed into receivership on November 19 and producers owed money for deliveries were able to make claims through the Canadian Grain Commission’s Safeguards for Grain Farmers Program.Following a review of individual producer claims, it was determined that there were 40 eligible claims involving Canpulse Foods Ltd. totalling over $3 million. For Global Grain Canada Ltd., there were 13 eligible claims totalling nearly $700,000.All eligible claims were fully covered by the security posted by Canpulse Foods Ltd. and Global Grain Canada Ltd.Quotes“The Canadian Grain Commission is committed to ensuring producers are fairly compensated for their deliveries. Our Safeguards for Grain Farmers Program plays a key role in protecting producer rights, and we are very pleased to be able to fully compensate producers using the security held through this program.”Doug ChorneyChief Commissioner, Canadian Grain CommissionQuick factsThe Canadian Grain Commission’s Safeguards for Grain Farmers Program regulates grain companies to mitigate the risk of payment failure to producers and to support the grain quality assurance system.As a condition of licensing, licensed grain companies are required to tender security for outstanding grain liabilities to producers to the Canadian Grain Commission as a bond, letter of credit, letter of guarantee, or payables insurance. If a licensed company does not meet its payment obligations, the Canadian Grain Commission uses the company’s security to compensate eligible producers.If a licensee fails to meet its obligations, producers are eligible for compensation within 90 days from the date of their grain delivery or within 30 days from the date a cash purchase ticket or cheque was issued to them. The lesser of these two time periods applies /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Canada, cash, Commission, Commissioner, compensation, failure, Government, insurance, meet, money, parent, purchase, quality, securitylast_img read more

Squirm Nights begin Oct. 9

first_imgHomeFeaturedSquirm Nights begin Oct. 9 Oct. 08, 2018 at 1:18 pmFeaturedNewsSquirm Nights begin Oct. 9Matthew Hall3 years agocity councilElection 2018RCBsmmusdsquirm night The Santa Monica Daily Press will hold three Squirm Night forums this year with opportunities for readers to get up close and personal with candidates from the Rent Control Board, SMMUSD Board and City Council.Tuesday’s forum, held at the Thelma Terry Building in Virginia Ave Park, will include information from both sides of the Proposition 10 debate.The Daily Press forums have evolved over the years and for the 2018 election, there will be individual events rather than a single joint debate. Daily Press staff will craft questions for each race and the audience is invited to submit questions during the event for consideration.New this year are a pair of partnerships. We will be working with The Malibu Times for the SMMUSD forum and with the Santa Monica Chamber of Commerce for the City Council event. Questions for the School Board forum have been developed in partnership with student journalists at Samohi and Malibu High School. Students from both schools have been invited to participate in the SMMUSD forum.SMMUSD candidates will meet at Pt. Dume Elementary school in Malibu and the City Council debate will take place at the Main Library. No live forum is currently scheduled for the SMC Board but the Daily Press is working with the SMC Corsair student newspaper on an alternate plan.All candidates in all races have been invited to participate.The format for all three events will be similar. After an introduction, candidates will make opening statements. That will be followed by questions from moderators. Some questions will go to all candidates, some to a subset and some to an individual candidate. Audience questions will also be gathered during the event for possible inclusion at the end of the night.Candidates are not provided with forum questions ahead of time. However, the paper does solicit written answers from all candidates in all races for published profiles that are running throughout October.The Daily Press will consider the forums and written surveys in its formal endorsements.Rent Control Board / Prop 10 forumTuesday, October 9Thelma Terry Building at Virginia Ave. Park (2200 Virginia Ave.)6 – 8 p.m. (Prop. 10 from 6 – 6:45 p.m. and RCB candidates from 7 – 8 p.m.)SMMUSD Forum, with the Malibu TimesWednesday, October 10.Pt. Dume Elementary School (6955 Fernhill Dr., Malibu)6 – 8 p.m.City Council forum with the Chamber of CommerceTuesday, October 16MLK Auditorium at the Main Library (601 Santa Monica Blvd.)6 – 8 p.m.Tags :city councilElection 2018RCBsmmusdsquirm nightshare on Facebookshare on Twitteradd a commentSocial media lights up with SpaceX satellite launchCandidate Profile: Craig FosterYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall9 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter20 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor20 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press20 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press20 hours agoNewsCouncil picks new City ManagerBrennon Dixson20 hours agolast_img read more

California re-opens enrollment for health insurance coverage

first_imgHomeNewsCalifornia re-opens enrollment for health insurance coverage Apr. 13, 2021 at 6:00 amNewsCalifornia re-opens enrollment for health insurance coverageAssociated Press2 months agoinsurance ADAM BEAM, Associated PressCalifornia on Monday re-opened enrollment for its state health insurance exchange, hoping more people will buy coverage now that the federal government is offering new assistance that could lower monthly premiums by $1,000 or more in some cases.Normally, people can only buy health insurance through the state exchange — known as Covered California — once per year during an open enrollment period. But last month, President Joe Biden signed a $1.9 trillion coronavirus relief package. About $3 billion of that money is coming to California in the form of new subsidies to help some people pay their monthly health insurance premiums. In some cases, people can buy coverage for as little as $1 per month.The new subsidies are only available through December 2022 to people who buy coverage through a health insurance exchange, which were created as part of former President Barack Obama’s health care law. Starting Monday, state officials said they would let people purchase plans on California’s exchange through the end of the year.To get the money, people must be legal U.S. residents who can’t get affordable health insurance from their job and meet certain income requirements. About 1.4 million people in California already get federal subsidies that lower their monthly health insurance premiums. For those people, the new subsidies will automatically lower their premiums even more — about $180 on average per household per month.The new federal subsidies are so generous that about 92% of people who don’t get health insurance through their work will be eligible for help, according to an analysis by the Kaiser Family Foundation. In California, that means more than 1 million people are eligible for the subsidies but don’t receive them, either because they don’t have insurance or they purchase coverage off the exchange.That includes people like Jack “Mitch” Huggins, a retired firefighter from Stockton. He lost his health insurance during the city’s bankruptcy proceedings. Since then, he said it’s cost him about $20,000 a year to buy coverage on his own. He wasn’t eligible for a federal subsidy in the past, but he is eligible under the new law. He said he will save about $1,000 a month on his premiums.“I couldn’t believe it was true,” he said. “It’s going to be substantial savings to me and my wife.”The new federal assistance is more in line with California’s health care policy goals, which have been driven by the state’s Democratic-dominated Legislature and governor’s office. The state has tried to get more people insured through aggressive, multi-million dollar marketing campaigns and taxing people who refuse to buy health coverage — both things that had been eliminated when President Donald Trump was in office.“This is not like the days of old where, like, the federal government was going in a completely opposite direction than Covered California,” said Anthony Wright, executive director of Health Access California, a consumer health care advocacy group.Peter Lee, Covered California’s executive director, believes the new federal subsidies will win over more people once they understand how cheap the plans are. That’s why he’s launching a $20 million statewide advertising campaign to tell people about the new subsidies and how they can get them.The Congressional Budget Office estimates enough people will sign up in California that it will cost the federal government about $3 billion to pay for all of them. Lee said his goal is to beat that estimate.“It may end up being $6 billion,” Lee said. “If we do our job and get the word out there, if we enroll more people, it’s actually going to cost the feds more, but for good reason.”The new subsidies are far more generous than what’s available now. For example, Lee said premiums for one type of insurance plan would cost $1,945 per month for a family of four living in Oakland that earns $78,000 per year. Current federal subsidies reduce that premium to $583 per month. But the new federal subsidies would reduce the premium further, to $393 per month.It’s hard to say for sure how much each person could save because how much money they can get from the federal government depends on a number of factors, including how old they are and where they live.Tags :insuranceshare on Facebookshare on Twitteradd a commentUS colleges divided over requiring student vaccinationsUS recommends ‘pause’ for J&J vaccine over clot reportsYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall5 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor16 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press16 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press16 hours agoNewsCouncil picks new City ManagerBrennon Dixson16 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter16 hours agolast_img read more

PayPal buys P2P money transfer firm Xoom for $890M

first_img PayPal chief eyes Venmo expansion PaypalXoom Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including… Read more AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 02 JUL 2015 Author Richard Handford Related Money center_img PayPal backs Tink to boost customer experience PayPal bought Xoom, a US firm that enables remittances either via mobile or online, as it tries to build an international presence ahead of its 17 July spin-off from parent eBay.Xoom’s target market is migrants in the US who want to send money to friends and family internationally. The firm’s major payment corridors are from the US to Mexico, India, the Philippines, China and Brazil.International remittances are a massive market where mobile competitors can make inroads against traditional providers.In addition, PayPal hopes Xoom will enable it to expand into those major markets where it delivers remittances. At present, two-thirds of PayPal’s revenue comes from the US and the UK.PayPal’s ownership of smaller payments firm Braintree gives it access to the latter’s Venmo app, which offers P2P money transfers within the US, serving a distinct market from remittances. Acquiring Xoom enables PayPal to reach an additional demographic.The offer represents $25 for each Xoom share in cash, or approximately $890 million enterprise value. The transaction represents a premium of 32 per cent over Xoom’s three-month volume-weighted average price. It was approved by the boards of both companies.Due to anticipated one-time integration costs, the completion of the transaction is expected to be slightly dilutive to PayPal’s non-GAAP earnings for 2016, the company said. It intends to fund the transaction with cash on its balance sheet.PayPal starts life post-split from eBay with $6 billion in cash.The acquisition is expected to close in the fourth quarter of 2015, subject to certain closing conditions, including Xoom shareholder approval and consent relating to its money transmitter licences.Holders of approximately 18 per cent of Xoom’s shares, including all executive officers and directors and certain entities affiliated with Sequoia Capital, have vowed to back the deal.Xoom has 1.3 million active customers, who sent $7 billion via the service in the 12 months ending March 2015. The company generated $159 million in revenue in 2014, but posted a net loss on a GAAP basis of $26.3 million.Upon completion, Xoom will operate as a separate service within PayPal. UK green lights completed PayPal, iZettle deal Previous ArticleXiaomi’s H1 shipments rise 33%, but full-year target in doubtNext ArticleBharti Airtel raises $1.3B from African tower sales Tags HomeMoneyNews PayPal buys P2P money transfer firm Xoom for $890Mlast_img read more

Romania leads Orange 5G charge

first_imgHome Romania leads Orange 5G charge Orange Ventures injects €30M into new fund 5G launchOrangeRomania Español ORANGE 5G LAUNCH, BUCHAREST: Orange entered the 5G fray with the launch of its first commercial network within its footprint, deploying the technology in three major Romanian cities.The operator launched 5G services in capital Bucharest, Cluj-Napoca and Iasi, with other Romanian cities to follow from 2020 onwards. At a launch event Ramon Fernandez, deputy CEO for Finance, Performance and Europe, explained the country was a natural choice to lead the operator’s 5G charge, having been a key part of its footprint since 1997.“We have been innovating a lot in this country since we arrived”, he said, adding the operator had invested “more than €3.5 billion” in its Romanian operations over the past 22 years.“Our ambition is to continue to grow and invest in Romania”, which will act as something of a testbed for “new innovations like eSIM and number sharing”, he said.Fernandez explained the operator deployed 115MHz of spectrum in the 3.4GHz to 3.6GHz bands, “more than double” the amount available to competitors. Orange stated the network offers peak download rates of 1.2Gb/s, with average rates of 600Mb/s.Orange is the largest operator in Romania with 10.3 million connections according to GSMA Intelligence, just ahead of rival Vodafone’s 10 million.Vodafone and number four player Digi launched 5G earlier this year.No limitsThe service is initially available on Samsung’s Galaxy S10 5G, with Orange developing a package of premium offers designed to enhance user experience. Fernandez explained these include unlimited data and access to content, along with a connected watch.He added 5G will address three main priorities, the first of which is adding mobile capacity and speed. “With speeds much higher than 4G, 5G will enable immersive experiences, it will open a variety of cultural, educational, [and] industrial possibilities”.Other benefits cited include high-speed connectivity for homes and businesses, boosting development of specialised services and providing very low latency for critical use cases.“It’s a collective responsibility to make the best of these opportunities and keep mindful of potential risks”, Fernandez said.Meanwhile Orange continues to test 5G in its home market of France. Regulator Arcep hasn’t yet auctioned spectrum, so commercial launches are not expected until 2020 at the earliest. Subscribe to our daily newsletter Back Las grandes operadoras europeas ponen condiciones a las RAN abiertas Yanitsa Boyadzhieva Yanitsa joins Mobile World Live as a Reporter based in London. She has more than 5 years’ experience at various media outlets in her home country Bulgaria. She started her career as a political reporter, followed by taking editor roles… Read more center_img Author Orange makes secure cloud pact for French market Tags Previous ArticleOpensignal CEO spotlights global 5G coverage gapNext ArticleVivo seeks 5G edge with lower-priced smartphones Related AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 05 NOV 2019 last_img read more