first_img Share this article and your comments with peers on social media rvlsoft/123RF Tessie Sanci Facebook LinkedIn Twitter Companies WisdomTree Asset Management Canada Inc. Toronto-based WisdomTree Asset Management Canada Inc. is looking to enter the Canadian exchange-traded fund (ETF) market with eight ETFs. Some of those products will use a dynamic currency hedging strategy that will allow the funds to be hedged as needed in order to protect the funds’ returns. The new ETF company is a subsidiary of New York-based Wisdom Tree Investments Inc., the sixth-largest ETF provider in the world, according to an ETF industry note released Wednesday by Montreal-based National Bank Financial Ltd. The U.S. firm announced in April that it would open an office in Canada. WisdomTree has filed prospectus documents for eight ETFs, some of which include currency-hedged, non-hedged or dynamically-hedged versions, according to the note. Through WisdomTree’s dynamic currency hedging strategy, a currency hedge can vary depending on market conditions. The firm aims to bring the following ETFs to the Canadian market: > WisdomTree Emerging Markets Dividend Index ETF, which will include dividend-paying companies within the emerging markets; > WisdomTree Europe Hedged Equity Index ETF, which will invest in European companies that have at least $1 billion in market capitalization and generate at least 50% of their revenue outside of Europe. Companies will be weighted based on annual cash dividends paid. The fund will hedge foreign currency risk; > WisdomTree International Quality Dividend Growth Index ETF, which will hold 300 international companies with at least $1 billion in market capitalization and will be weighted based on annual cash dividends paid. The firm has filed a prospectus for unhedged, Canadian dollar (C$)-hedged and dynamically hedged versions of the ETF; > WisdomTree U.S. Earnings 500 Index ETF, which will track a corresponding WisdomTree index consisting of the 500 largest companies in the firm’s earnings index that have generated positive cumulative earnings in the past four quarters. The fund will offer unhedged and C$-hedged units; > WisdomTree U.S. High Dividend Index ETF, which will track corresponding WisdomTree indices that select U.S. companies from the firm’s dividend index universe and will be weighted by dividend. The firm filed a prospectus for unhedged, C$-hedged and dynamically hedged versions of the ETF; > WisdomTree U.S. MidCap Dividend Index ETF, which will be based on mid-cap companies from the firm’s dividend index universe and will be weighted by dividend. The fund will offer an unhedged version and one that is hedged to the C$; > WisdomTree U.S. Quality Dividend Growth Index ETF, which will hold 300 U.S. companies with at least $2 billion in market capitalization and will be weighted by dividend. The firm filed a prospectus for unhedged, C$-hedged and dynamically hedged versions of the ETF; > WisdomTree U.S. SmallCap Dividend Index ETF, which will track the corresponding WisdomTree index, which selects small-cap companies from the firm’s dividend index universe and then weights them by dividend. The fund will offer unhedged and C$-hedged units. Photo copyright: rvlsoft/123RFlast_img read more

first_img Asian Development BankCOVID-19UHCWHO South-East Asia Region Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app Read Article WHO South-East Asia Regional Director, Dr Poonam Khetrapal Singh stresses that countries that have made sustained, long-term investments in UHC have health systems that are more resilient, and which have more effectively minimised the spread of COVID-19, maintained essential health services, and mitigated economic shockBuilding on the learnings from the ongoing global COVID-19 pandemic, Ministers of Health and Finance from Asia Pacific countries, including from the WHO South-East Asia Region have committed to build and finance resilient health systems with Universal Health Coverage at the centre of it.‘For every dollar invested in universal health coverage, the return is delivered many times over – first, due to increases in overall population health and well-being and the productivity, jobs and poverty-reduction they promote; and second, because when the quality and reach of health services improves, health systems become more resilient and can better mitigate or manage acute threats while maintaining essential health services’ said WHO South-East Asia Regional Director, Dr Poonam Khetrapal Singh.Health and Finance Ministers from the Asia Pacific Region met at a virtual meeting organised by WHO, the Government of Japan and the Asian Development Bank to discuss ways and means to accelerate universal health coverage (UHC) or health for all and mobilise financing for healthcare amidst and beyond the COVID-19 pandemic.The WHO South-East Asia Region which was represented by health and finance ministers from several member countries, has been focusing on UHC as one of its flagship initiatives. The Region has adopted two key ministerial declarations on building resilient health systems, the 2019 Delhi Declaration on Preparedness and last week the Region’s Declaration on Collective Response to COVID-19. Both these declarations commit to investing in preparedness and Regional solidarity to make health systems stronger amongst the 11 Member countries.“Across the WHO South-East Asia Region, across Asia and across the world, countries that have made sustained, long-term investments in UHC have health systems that are more resilient, and which have more effectively minimised the spread of COVID-19, maintained essential health services, and mitigated economic shock,” the Regional Director said.Since the start of the pandemic almost nine months ago, countries in the Region have demonstrated how strong health systems can effectively respond to global health emergencies. Bhutan, the Republic of Korea and Malaysia have provided free testing for COVID-19 and care, which resulted in timely diagnosis and treatment.Bhutan, strongly committed to UHC, has one of the world’s highest testing rates and as of September 17, is yet to report a COVID-19 death. Countries in the Region with a strong primary health care infrastructure and human resources have been able to repurpose health workers and respond to the pandemic as well as ensuring continuity of essential health services. Sri Lanka with one of the highest numbers of health workers in Asia has reported only 13 deaths due to COVID to date.“Countries that are committed to UHC have logistics and supply chains that are more secure, efficient and transparent, and can rapidly meet surge needs, for example by increasing testing capacity, procuring personal protective equipment, or maintaining access to essential medicines and medical products. They are also better able to rapidly roll-out key innovations. Crucially, countries that are committed to UHC have successfully mobilised the whole-of-government, whole-of-society buy-in required to effectively respond to the pandemic,” Dr Khetrapal Singh said. Thailand, with a strong investment in public health over the years has managed to keep COVID-19 transmission rates low.She made a strong plea for prioritising health in government budgets for the short and medium term, for improving investment in primary health care and a better targeting of resources for the poor and the vulnerable, and mobilising domestic revenues for health via pro-health taxes e.g. on tobacco, alcohol, sugar sweetened beverages. Share MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Asia Pacific Health, Finance Ministers commit to building stronger health systems COVID-19 Updates News Menopause to become the next game-changer in global femtech solutions industry by 2025 WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals Related Posts Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Comments (0) Phoenix Business Consulting invests in telehealth platform Healpha By EH News Bureau on September 17, 2020 The missing informal workers in India’s vaccine story Add Commentlast_img read more

first_imgFacebookTwitterWhatsAppEmail Minister of Energy and Mining, Hon. James Robertson, broke ground for the new US$50 million Wigton Windfarm project (project II), located in Rose Hill, Manchester on Wednesday (March 17).Wigton Windfarm Limited is a subsidiary of the Petroleum Corporation of Jamaica (PCJ). It has successfully generated and delivered approximately 306 GWh of electricity to the Jamaica Public Service Company (JPSCo) grid using wind power.The current project, Wigton I, is registered by the United Nations’ Framework Convention on Climate Change, and has been trading carbon credits under an Emissions Reduction Purchase Agreement with the Dutch Government since 2005.The new project will maximize wind potential and assist in meeting the renewable energy policy target of 11% by 2012, as well as offer health and environmental benefits from operating clean, renewable energy facilities, as against traditional power plants.In his address, Mr. Roberson, said Wigton II will save the country much hard currency and, along with the soon to be established Liquefied Natural Gas (LNG) project, will drive lower electricity costs.“We will be using the new energy policy to drive a new Jamaica,” the Minister said.Group Managing Director of the Petroleum Corporation of Jamaica (PCJ), Dr. Ruth Potopsingh, addressing the audience at the Wigton Windfarm 11 project in Manchester, on Wednesday (March 17).Group Managing Director at the PCJ, Dr, Ruth Potopsingh, told the gathering that, while the Government is playing a lead role in developing the energy sector, space exists for private investments.She said that the energy diversification strategy must be twinned with energy efficiency and conservation, on a national basis.“As we move towards realizing the achievement of Jamaica’s energy diversification strategy, only a concerted effort will achieve the change of successful reduction of our use of petroleum energy to make the difference to our environment and most importantly, our energy bill,” she stated.The Wigton II is 100% debt financed from the PetroCaribe Fund, and commissioning of the plant is scheduled to commence in July 2010. Minister Breaks Ground for Wind Energy Expansion TechnologyMarch 18, 2010 RelatedMinister Breaks Ground for Wind Energy Expansion RelatedMinister Breaks Ground for Wind Energy Expansioncenter_img RelatedMinister Breaks Ground for Wind Energy Expansion Advertisementslast_img read more

first_img“It’s really risky territory for these foreign leaders who are trying to host Trump,” said Thomas Wright, director of the Project on International Order and Strategy at the Brookings Institution. “He’s a guy who takes everything personally. He’s looking at a huge protest wherever he goes. He may blame the leaders, and he may just blame the country.”The White House did not immediately respond to requests for comment about how it was crafting its Trump travel strategy. But a Trump administration official said it’s hard for other government heads to resist the possibility of spending time with the leader of the world’s most powerful country. “For better or for worse, people understand that he’s the president, and they want to meet him,” he said.Already, wherever Trump travels inside the United States, he draws demonstrators, many of whom were spurred to hit the streets after his executive order barring refugees and visitors from seven Muslim-majority countries. The White House canceled a Trump trip to Milwaukee recently because the president’s host, the Harley-Davidson motorcycle company, was said to be worried about protests.Trump’s foreign travel plans are slowly taking shape, with Europe as a primary focus. In phone calls with international leaders, Trump has committed to attending the G7 summit in May in Taormina, Italy; a NATO summit that same month in Brussels; and July’s G20 summit in Hamburg. Trump’s appearance at the NATO meeting is especially sensitive given that he’s called the military alliance “obsolete” and questioned its funding structure.Two major Asian summits — APEC, hosted by Vietnam, and ASEAN, hosted by the Philippines — are set for the fall, with Trump likely to attend at least one of them. Like other such gatherings, they can be grueling affairs, requiring attendees to attend hours-long meetings, something Trump, who has a famously short attention span, may struggle with.Several modern U.S. presidents have made Canada, a neighbor and top trade partner, their first stop abroad, sometimes in the bitter cold of February. It’s unclear if Trump will follow that tradition, although Canadian Prime Minister Justin Trudeau has invited him. White House spokesman Sean Spicer has said Trump and Trudeau will meet “soon.” But at this rate, Trump appears likely to make his first overseas presidential debut later than his two recent predecessors, Barack Obama and George W. Bush, who both were traveling abroad within a month of their first inaugurations. Less than a month into his presidency, Donald Trump is forcing foreign leaders to grapple with an extraordinary question: Is it worth the political risk to invite him for a visit?In Britain, Prime Minister Theresa May is already dealing with a popular backlash over her country’s invitation for a state visit to the combustible new U.S. president. Irish leaders, meanwhile, are debating whether to invite Trump — and whether their prime minister should follow tradition and visit the White House on St. Patrick’s Day.Elsewhere in the world, staffers involved in arranging summits and bilateral meetings face the possibility of public relations and security headaches wherever the U.S. president sets foot, not least because he’s likely to draw protests. Perhaps nowhere has the Trump visit dilemma been clearer than in Britain.U.K. Prime Minister Theresa May is determined to forge strong ties with the Trump as her country negotiates its exit from the European Union. But nearly 2 million people have signed a petition demanding the British government not honor Trump with a state visit because “it would cause embarrassment to her majesty, the Queen.” On Monday, the debate hit a new level when the speaker of the British House of Commons, John Bercow, said Trump should not be allowed to address parliament during his trip.“I feel very strongly that our opposition to racism and to sexism and our support for equality before the law and an independent judiciary are hugely important considerations,” Bercow said, to applause, when explaining his stance.Wright said Bercow may have done the British prime minister, a member of the Conservative Party, a favor by undercutting the notion of a Trump appearance before Parliament.“Imagine if he spoke at the House Commons and the entire Labour Party turned their backs on him — the chances of something going seriously wrong are very, very high,” Wright said.And Trump, who takes great pride in his brand, revels in adulation, and is highly sensitive to criticism, may not react well, Wright added. If he feels disrespected, say, in Britain or at the NATO summit, Trump may try to take it out on his hosts through policy decisions or, at the least, via Twitter-bashing. Even the latter poses a domestic political risk for foreign leaders who probably don’t wish to be embarrassed by the U.S. president.center_img Irish Prime Minister Enda Kenny has accepted Trump’s invitation to stop by the White House on St. Patrick’s Day, following a custom of past prime ministers. Tens of thousands of people have signed a petition, titled “Shamrock for Trump: Not in My Name” pressuring Kenny to scrap the trip. Kenny isn’t backing down, however, and has pledged to tell Trump he disagrees with the U.S. president’s immigration policy.Meanwhile, some Irish politicians are questioning whether Kenny should invite Trump to visit their country in return. Ireland’s finance minister, Michael Noonan, said Kenny should wait for a while before asking Trump to stop by.“I think he should invite him at some stage, but I think an early visit might be controversial,” Noonan told the Limerick Leader. “In all these things, the only reason he would invite him would be for the economic benefit of the country, and if it was too controversial it probably wouldn’t be of economic benefit. So it’s a matter of timing, but he certainly shouldn’t rule it out.”Some foreign officials downplayed the risks involved with a Trump visit.In Poland, where the government is relatively conservative, leaders have indicated they are enthusiastic about Trump, except for one area of concern: his apparent fondness for Russia. There’s even an online petition urging Trump to make Poland his first stop in Europe; more than 116,000 people have signed on.Poland has already invited Trump for a multilateral meeting in July, said Piotr Wilczek, the country’s ambassador to the United States. “In Poland, I think the attitude is quite different than in some countries, like France or Germany,” Wilczek said. “I don’t think it’s a risk. I would love for him to visit.”last_img read more

first_imgA new Joint Industry Project (JIP) has been launched to help improve the accuracy of wind tunnel measurements and Computational Fluid Dynamics (CFD) calculations. The Wind Load JIP aims to address the lack of symbiosis which exists between the two and develop a standard set of guidelines to support port operators and designers of large scale offshore floating production systems.The three year JIP will be delivered by a number of leading industry experts including: BMT Fluid Mechanics, a subsidiary of BMT Group; MARIN; TU/e, Eindhoven University of Technology and DNW, the German-Dutch Wind Tunnels.Volker Buttgereit, Managing Director of BMT Fluid Mechanics explains: “Traditionally, wind loads or wind flow around large scale offshore marine structures are studied in wind tunnels. Successful testing of these requires specialist skills and instrumentation technology that has been continuously developed over years of research and application. Guidelines and codes of practice for this type of wind tunnel testing exist and they do reflect the experience and advancement that has been made in the field. However, in spite of this, there is a certain amount of variability between results derived from the various wind tunnel testing laboratories situated in different parts of the world, which are constantly challenged by increasing scale and complexity of these remarkable engineering structures.”Volker continues: “With continuous advancement of computational speed, there is also a growing interest in the application of CFD which can predict the impact complex wind flows can have on large scale, offshore floating production and help deliver design efficiencies and safety of operations. Correlating CFD predictions with those derived from model scale wind tunnel testing can be a challenge in its own right and does require further investment in research and development.”Floating production systems and liquid gas carriers are continuing to grow in size and complexity, which is placing increasing pressure on existing port and terminal infrastructure with the wind being the predominant load factor on ships. Similarly, the operations within the offshore industry are becoming more complex due to ship sizes and vessels finding themselves in close proximity of one another. As such, aerodynamic proximity effects associated with near shore topography and local terrain complexity, as well as temporary side by side operations of multiple offshore vessels are playing an increasingly important role and are presently neither well understood, nor well treated through available engineering methodology.Volker concludes: “Developing advancement and most importantly, communality in the methodology that combines reliable testing and simulation based prediction of 3D wind fields and forces acting on large scale offshore vessels and floating production systems is key. Such an approach will provide operators and designers of these structures with the opportunity to drive forward these designs with ever increasing reliability and efficiency.”Press Release, July 29, 2013last_img read more

first_imgCustodial sentence – Young offenders – Detention and Training order R v March [2002] EWCA Crim 551 considered. Daniel Williams (assigned by the Registrar of Criminal Appeals) for the defendant. R v T: Court of Appeal, Criminal Division: 16 September 2011center_img The defendant, aged 16, was in a city centre with friends following a football match between Wales and England. The victim, who had consumed alcohol, was walking in the same city centre with a group of friends. They came across the defendant and his friends. The two groups got into an argument, The defendant walked past the victim. He confronted him and they started arguing. Suddenly, the defendant threw a punch at the victim that knocked him to the ground. The victim hit his head causing him to sustain severe head injuries, including swelling to the brain. He fell unconscious and was taken to the hospital. The victim fell into a coma, with a coma scale score of 3 out of 15. The victim eventually regained consciousness and underwent a course of therapy. However, his chances of making a full recovery were poor. The defendant pleaded guilty to inflicting grievous bodily harm. At the time of the offence, he had been on licence for another offence and liable to recall. The judge referred to the guidelines of the Sentencing Guidelines Council and acknowledged that the defendant was entitled to credit for his guilty plea. He noted that the maximum permissible Detention and Training Order under section 101 of the Powers of Criminal Courts (Sentencing) Act 2000 was two years. However, the judge noted that an older defendant would receive a greater sentence and that the appropriate sentence for the offence was substantially more that the maximum of two years. The judge took account of the defendant’s youth and his plea. However, given the seriousness of the offence, the fact that it was the third occasion that the defendant had committed a violent offence, and that he had been subject to a licence at the time of committing the offence, the judge declined to give a discount for the guilty plea. The judge further declined to give the defendant credit for time spent in custody on remand and he sentenced him to a two-year detention and training order. The defendant appealed against sentence. He submitted that it was wrong in principle not to give a discount for his timely plea. He further submitted that the sentence, being the maximum sentence available for the offence, was manifestly excessive and failed to take account of his age and guilty plea. The judge ought to have given credit for the plea and imposed the next available sentence, namely 18 months’ detention and training. The issue was whether the judge had been entitled to impose the maximum sentence for the offence on a young offender who had committed a serious offence with grave consequences, notwithstanding his guilty plea. The appeal would be allowed. It was settled general principle that a plea of guilty attracted some discount from the sentence that would have been imposed in the event of a conviction following a not guilty plea. That principle plea remained. The exceptions to the general rule included: (i) where the imposition of the maximum term was necessary for the protection of the public; (ii) where the plea was of a tactical nature; (iii) cases where a plea was practically speaking inevitable; (iv) where the count was a specimen count. The existence of an exception did not automatically mean that the maximum sentence was to be imposed regardless of a plea of guilty; all the circumstances fell to be considered. In the instant case, the judge had erred in failing to reduce the sentence to take account of the defendant’s guilty plea. The maximum sentence for the offence was 24 months’ detention and training and the fact that an older defendant would receive a substantially longer sentence was not relevant. None of the exceptions to the general principle of reducing a sentence to take account of a guilty plea applied in the instant case and it was not possible to say that a departure from that principle, and allowing for a short period of six months (three months of which would be in custody) was necessary in order to achieve the protection of the public. In all the circumstances, there was no justification for allowing more than the minimum reduction. The sentence of two years’ detention and training order would be quashed and substituted by an 18-month detention and training order.last_img read more

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first_imgSee also:Rangers play out goalless draw at Southend Follow West London Sport on TwitterFind us on Facebook Rio Ferdinand was left out of QPR’s pre-season friendlies this week on the advice of the club’s medical staff.The veteran centre-back, 35, was initially expected to play at Southend on Wednesday rather than the game at Leyton Orient the previous evening.In the end Ferdinand, who recently moved to Loftus Road following his departure from Manchester United, featured in neither game.AdChoices广告He made his R’s debut during last week’s trip to Gemany and is likely to be involved in Ireland, where the team play Shamrock Rovers on Saturday and Athlone Town next Tuesday.“He’s fine. He joined us later than everybody else and what you don’t want is him getting a niggle,” assistant manager Kevin Bond said after Rangers’ 0-0 draw at Southend.“The medical and fitness guys just need to make sure he’s ready to take part.”Yun Suk-Young, back after an extended break following his involvement with South Korea at the World Cup, played the first half at Roots Hall.And former West Ham midfielder Jack Collison, who has been training with Rangers, played the whole 90 minutes.Bond added: “Yun came back but the younger guys can just come straight in and he got 45 minutes straightaway.“With the older, senior players who have [injury] history, you need to take care.”last_img read more