first_imgBusiness | Economy | Federal Government | Nation & World | Outdoors | Politics | Southeast | TimberSoutheast Alaskans predict tariff’s effects on timber marketApril 29, 2017 by Maria Dudzak, KRBD Share:A timber sale sign is posted in the Tongass National Forest on Prince of Wales island. (KRBD file photo)The Trump administration announced this week it is planning to impose a tariff of up to 24 percent on softwood lumber imported to the U.S. from Canada. It’s uncertain what this will mean for the timber industry in Southeast Alaska.Ketchikan-based Alcan Forest Products has operations in the United States and Canada. Partner Brian Brown says the tariff will raise the price of lumber. While he says it will likely be a net positive for his business, he does not support the tax.“I think the net result of this duty is bad. It’s bad for consumers. People are going to pay more for lumber, period. There’s no doubt in my mind on that. That’s a fact.”In addition, Brown says it will be bad for businesses.“If you’re a producer, particularly in Canada, how do you run a business? All of the sudden you have to pay a 20 percent tax. It’s tough to run a business. And Canada, the last time I checked, was an ally of ours. I don’t know. I think it’s fraught with risk.”Owen Graham, executive director of the Alaska Forest Association, disagrees. He says he thinks the tariff will benefit the Southeast timber industry.“A portion of our lumber, particularly hemlock, goes to the Lower 48. It would help that lumber. It would take some of the Canadian wood off the market, and that would tend to raise the price up a tiny little bit. So it would be a help to Alaska producers.”Graham says more than a tariff, he would like to see the U.S. government adopt more business-friendly practices, similar to those in Canada.“They’re more interested in jobs than they are in some of the other things that come off the forest. They tend to have a larger economy of scale that gives them a huge advantage over our sawmills.  And they allow the mills to manage some of the land for them, and so the mills can get additional savings that way.”According to a U.S. Commerce Department report, Canadian exports of softwood lumber to the United States in 2016 were valued at $5.6 billion.Share this story:last_img read more

first_imgLondon is the world’s leading financial centre according to a global study published today, after wrestling back the top spot from New York. The City benefited from renewed political certainty following May’s General Election, the authors say. Yet they warn that, despite storming back to the top of the rankings, London faces future risks from the impending referendum on EU membership and the Conservative government’s efforts to thwart migration. “We saw quite a significant change in assessments [of London’s strengths] after the election,” said Mark Yeandle of think tank Z/Yen, which conducted the research. “From then on the assessments were 40 points higher than immediately before the election.” However, Yeandle added: “Soundbites coming out of Westminster about restricting immigration add  uncertainty. London still attracts a lot of good international people and I always say: you can’t have an international financial centre without an international workforce.” Read more: These are the top five international finance centres of the future Separately, Labour’s London mayoral candidate Sadiq Khan told City A.M. he would oppose the government’s stance on migration, if elected to City Hall.  “If you’re a global player, competing with companies in New York, Shanghai, Beijing, Paris, and the government’s immigration policies means you can’t get the best team – that’s a problem,” Khan said. The latest rankings, known as the Global Financial Centres Index (GFCI), covers 98 business districts around the world. Its results are based on an array of factors such as each city’s business environment, infrastructure, and the quality of its human capital and financial sector development. London came top in every category. London last occupied the top spot two years ago, before being overtaken by New York. Read more: Why the future of fintech (and financial services) is collaborativeThe rankings emphasised London’s leading position in Europe as a global financial centre. The only other European city to make the top 10 is Zurich, in seventh place. The highest-ranking EU city, London aside, is Frankfurt, in 14th place. Overall, Asia and America dominate the upper echelons of the table. The GFCI survey also recorded which financial centres are considered most likely to improve their standing in the coming years. Singapore and Shanghai came top. However, Z/Yen director Yeandle expects London and New York to hold off the competition. “I don’t think they’ll be eclipsed; I just think we’ll move towards a more competitive top 10,” he said. WORLDWIDE1London796 (up 12 points, up from 2nd)2New York788 (up 3 points, down from 1st)3Hong Kong755 (down 3 points, unchanged ranking)4Singapore750 (down 4 points, unchanged ranking)5Tokyo725 (up 3 points, unchanged ranking) WESTERN EUROPE1London796 (1st in the world)2Zurich715 (7th in the world)3Geneva707 (13th in the world)4Frankfurt706 (14th in the world)5Luxembourg700 (19th in the world)   whatsapp London tops 2015 global financial centre rankings and knocks New York into second place Express KCS Show Comments ▼center_img Wednesday 23 September 2015 4:31 am whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirrorzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comTheFashionBallAlica Schmidt Is The Most Beautiful Athlete To ExistTheFashionBallBridesBlushThis Is Why The Royal Family Kept Quiet About Prince Harry’s Sister BridesBlush Sharelast_img read more

first_img Related: The FDA’s announcement last week that it approved artificial intelligence software that can identify diabetic retinopathy, a common eye disease, without the need for an eye specialist likely shook some doctors already concerned about this new technology. I don’t think they have anything to worry about.Artificial intelligence, sometimes called AI, is not a dramatic and revolutionary development in the history of medicine. It’s but the latest in a long line of breakthroughs that have made it possible for caregivers to better diagnose and treat illness. We should be wary of the hype surrounding this advance, which is leading to broad misconceptions that AI will replace doctors. What it will actually do is put a premium on physicians’ knowledge and decision-making skills.The history of medicine during the last two centuries should be seen as the development of ever more precise tools that help doctors narrow the range of possible causes for their patients’ symptoms. One of the great breakthroughs occurred in 1816 when René Laennec used a tightly rolled a sheet of paper to listen to a woman’s heart. This stethoscope helped launch a new era in medicine that placed less emphasis on patients’ descriptions of their symptoms and more on the search for clues within their bodies.advertisement Since then, the development of a dazzling array of increasingly precise diagnostic tools — from blood tests and X-rays to EKGs, CT scans, and gene sequencing — has given doctors a much more accurate sense of the biological and chemical roots of disease. Tags educationmedical technologyphysicians Two women try out René Laennec’s third-model stethoscope, made in the early 1800s, at the Smithsonian Institute circa 1955. Orlando /Three Lions/Getty Images Related: FDA approves first AI software that can identify disease, no specialists needed Artificial intelligence is coming to medicine — don’t be afraid First OpinionArtificial intelligence will put a premium on physicians’ knowledge and decision-making skills center_img In fact, during the last few decades technology has flipped the information problem upside down. Instead of having too little information, caregivers today have far more than they can process on their own.This is the great promise of artificial intelligence: to train machines to comb through petabytes of data on their own to find patterns that would elude human caregivers. It is already paying dividends. Stanford researchers used a deep-learning algorithm to identify cancerous spots in medical images. An Israeli-based medical analytics company recently announced it had developed an algorithm capable of detecting intracranial hemorrhages, which are often missed and contribute to nearly 1 million deaths worldwide each year. And researchers at my school, the University of Michigan, have produced an algorithm that analyzes more than 4,000 distinct variables to predict who might be susceptible to contracting a dangerous intestinal infection called Clostridium difficile, or C. diff.These and other promising breakthroughs have led some to suggest that machines may supplant doctors, just as autonomous vehicles might someday replace drivers. Such thinking puts the cart before the horse. Like the medical technologies that have come before it, artificial intelligence is another tool that will make the knowledge, skill, and judgment of physicians even more central to quality care. By Marschall S. Runge April 19, 2018 Reprints The development of medical charts in the early 20th century gathered a patient’s information into a single file. These charts allowed doctors to better track the effectiveness of their treatments. They also helped transform medicine from an art based on personal knowledge and intuition into a science based on objective evidence. The development of electronic health records during the last few decades has vastly increased our ability to gather and analyze patient data.advertisement The human body is such a complex and dynamic entity — each one unique in its own way — that medicine will never become a mathematical problem in which data can be crunched to produce the single right answer. It will always involve a process of elimination that allows the caregiver to focus on the most likely cause of illness and determine the most effective treatments from a range of options.Artificial intelligence will undoubtedly inform and improve this decision making process — guided by physicians. The great challenge going forward is in recognizing and nurturing this irreplaceable human element, to train doctors to work with machines without becoming too reliant on them, and to never forget the centrality of the doctor-patient relationship and the importance of the human touch. Just as the stethoscope was only as useful as Laennec’s ability to assess what he was hearing in his patient’s chest, the success of artificial intelligence will depend largely on the ability of physicians to interpret and apply its findings.Dr. Abraham Verghese, a graceful writer and professor at the Stanford University School of Medicine, put it best when he observed, “The way here is not to think technology versus human, but to ask how they come together where the sum can be greater than the parts for an equitable, inclusive, human and humane care and practice in medicine.”Marschall S. Runge, M.D., is the executive vice president for medical affairs at the University of Michigan and dean of the University of Michigan Medical School. He receives funds from Eli Lilly for his work as a member of its board of directors. Marschall S. Runge @umichmedicine About the Author Reprintslast_img read more

first_imgHome Sport GAA Laois GAA end tradition of media attending County Board meetings as decision… SportGAA Electric Picnic apply to Laois County Council for new date for this year’s festival By Steven Miller – 15th February 2021 RELATED ARTICLESMORE FROM AUTHOR Twitter Previous articleLaois singer set to appear on popular RTE TV showNext article‘I’m a normal working person … while politics is my passion, my family will always come first’ Steven Millerhttp://www.laoistoday.ieSteven Miller is owner and managing editor of LaoisToday.ie. From Laois, Steven studied Journalism in DCU and has 14 years experience in the media, almost 10 of those in an editorial role. Husband of Emily, father of William and Lillian, he’s happiest when he’s telling stories or kicking a point. Council Electric Picnic Pinterest Electric Picnic organisers release statement following confirmation of new festival date Twitter Pinterest WhatsApp TAGSLaois GAA Facebook Laois GAA end tradition of media attending County Board meetings as decision taken to go ‘In Camera’ Mary Sweeney elected Cathaoirleach of Portlaoise Municipal District for next 12 months WhatsApp Electric Picnic Laois GAA’s County Board meetings will no longer be open to the media, following a decision made recently to hold them ‘in camera’.The decision ends a long-standing arrangement going back generations where the media were welcome to attend and report on what was discussed and the decisions made.The full County Board meetings are attended by delegates from all the clubs in the county with the first meeting of 2021 set to take place virtually this evening.Laois GAA haven’t specified why exactly the decision was taken.It is believed that a regular update may be provided by Laois GAA to all local media at some stage after the meetings.Last year’s annual convention, which was also held remotely and saw a number of contests, wasn’t open for the media to attend either. On that occasion the reason given was that space on the virtual call was the issue.The Laois convention was one of the only ones in the country where media couldn’t attend.The full County Board meetings generally take place once per month though that has been tapered back somewhat in recent years.This year they are scheduled to take place in February, March, May, July, September and November with the annual county convention in December.The Laois GAA executive made the decision to go ‘in camera’ at a meeting in late December.LaoisToday, who have been the only local media outlet to attend on a regular basis in recent years, wrote to Laois GAA in January asking that the decision be re-considered.That request was discussed at a recent executive meeting but the original decision stood.Laois’s decision to hold the meetings privately isn’t without precedent although the majority of County Boards across the country do allow the local media attend.In some counties reporters don’t attend even if they are allowed to while in others reporters choose to attend only if they know something of specific interest is to be raised.In 2017, Wexford banned the media for the first time in the association’s history while in Galway only the annual convention is open.However, the meetings are open to attend in all of Laois’s neighbouring counties including Carlow, Kildare, Offaly, Kilkenny and Tipperary as well as in Cork, Kerry and Limerick.Also on media relations, minutes from the Laois GAA executive meeting said that they will “explore use of Laois GAA TV for exclusive announcement of Laois GAA teams, player and management interviews and that internal press could take their lead stories from this production”.While that would suggest that players and management wouldn’t be available to the media for interviews, county management have been since given protocols for dealing with press.Among the protocols are for all interviews or attendance at publicity events (during both the on and off season) to be requested with the Laois GAA chairman, secretary or PRO.Journalists/event organisers are to be asked to send brief on questions/requirements at least 24 hours prior to taking place.SEE ALSO – Magnificent 36-acre residential farm in Ballyroan for sale with Hume Auctioneers Facebooklast_img read more

Despite sluggish global growth expectations for 2013, returns are out there for advisors willing to take a more active and diversified approach in their portfolios, according to the 2013 Annual Global Outlook from Toronto-based Russell Investments Canada Ltd. In 2013 the Canadian economy and world financial markets are expected to be “resilient but underwhelming,” says Shailesh Kshatriya, senior investment analyst, Canadian strategy group with Russell Investments, and as such advisors need to take a multi-asset, multi-strategy approach to their client portfolios. Fiona Collie How to talk to clients about GameStop Share this article and your comments with peers on social media Keywords Investment strategiesCompanies Russell Investment Group Related news Will exuberant market sentiment last? In addition to investing in various asset classes in the coming year, the report emphasizes the importance of diversifying portfolios across countries. According to the report, equities in emerging markets are expected to outperform developed markets in 2013 for two main reasons. The first is stock valuations, says Kshatriya, which are more attractive than in developed markets, such as Canada. The second reason is because of expected growth in China. “While there has been sort of a cloud over the Chinese economy over the last several years,” he says, “we’re in the initial stages of seeing a turnaround.” Although China is not expected to return to double-digit growth, he says, the economy should expand between seven and eight per cent, which is enough to support global growth, particularly in regards to emerging markets. On the other hand, Canada will grow at a much slower pace in 2013, says Kshatriya, because of lacklustre oil prices and a general slowdown in the housing market. According to the report, FactSet Research Systems Inc. (an investment research software company) predicts a 14% increase in earnings per share in the Canadian equity market in 2013. However, analysts at Russell Investments anticipate only a 5% increase for earnings per share for Canadian equities. Canadian equities may get a small boost from a stronger Chinese economy’s demand for industrial metals, such as copper, says Kshatriya. However, crude oil prices are expected to stay within the $85 to $115 range it has followed for the past few years. As such, Kshatriya does not expect profitability of energy companies to be robust enough to warrant double-digit growth in earnings per share of Canadian equities. As well, a slowdown in the housing market and a consistent effort by Canadians to lower their household debt in the coming year will have a negative effect on the financial sector, says Kshatriya, which is the largest division of the TSX. “All of that is a headwind for the banking sector,” he says, “So, we think [earnings per share] growth for Canadian banks specifically will be challenged [in 2013].” Geographical diversification is harder to come by, report says Facebook LinkedIn Twitter read more

Malcolm Morrison The Toronto stock market closed sharply lower Wednesday as investors sold off across most sectors and commodities tumbled as indications of slowing growth in the Chinese and American economies raised another round of concerns. The S&P/TSX composite index fell 135.21 points to 12,321.29, led by steep declines in mining and energy stocks, amid a heavy slate of earnings reports. The Canadian dollar closed down 0.06 of a cent to 99.2 cents US. There was at least one bit of good news: the U.S. Federal Reserve announced that it will carry on with its economic stimulus measures for some time to come. That means interest rates stay near zero until the jobless rate hits 6.5 per cent from its current level of 7.6 per cent. And other stimulus in the form of spending US$85 billion a month on bonds to keep long-term rates low and encourage lending will stay place until the labour market markedly improves substantially. “This is a steady-as-she-goes Fed, one that won’t be much moved by small swings in the data until we get a long enough string of positive news to alter course,” said Avery Shenfeld, chief economist at CIBC World Markets. A big improvement in the U.S. labour market could be a ways off as payroll firm ADP released employment data that indicated another month of weak job creation. ADP said private sector job creation came in at 119,000 in April, much lower than expectations of 150,000. The report came out two days before the release of the U.S. government’s employment report for last month. Job growth in March widely missed expectations, coming in at 88,000. Indexes were further depressed by other data showing declining expansion in the American manufacturing sector. The Institute for Supply Management’s index stood at 50.7 in April, down from 51.3 in March. And construction spending fell 1.7 per cent in March after rising 1.5 per cent in February. The Dow Jones industrial average fell 138.85 points to 14,700.95, while the Nasdaq composite index fell 29.66 points to 3,299.13 and the S&P 500 index gave back 14.87 points to 1,582.7. Commodity prices also moved lower after data showed a slowdown in China’s manufacturing growth. The China Federation of Logistics and Purchasing, an industry group, released data Wednesday showing that manufacturing grew at a slower pace in April and that export orders had been declining steadily. The federation’s purchasing managers’ index fell to 50.6 in April from 50.9 in March. “The China number really put a damper on our market with respect to the commodities market again,” said Allan Small, senior adviser at DWM Securities. “Commodities, materials are not the place to be.” The metals and mining sector dropped 1.45 per cent as July copper fell 11 cents to US$3.08 a pound. China is the world’s biggest consumer of the metal. First Quantum Minerals fell 44 cents to C$17.15. The gold sector was also down about 2.35 per cent as June bullion in New York dropped $25.90 to US$1,446.20 an ounce. Goldcorp Inc. (TSX:G) faded 75 cents to C$29.07. The energy sector fell two per cent as the weak manufacturing data sent June crude contract on the New York Mercantile Exchange dropping $2.43 to US$91.03 a barrel. Prices were further depressed after the U.S. Energy Information Administration reported a jump in last week’s crude supplies that was more than four times higher than expected, rising last week by 6.7 million barrels. Canadian Natural Resources (TSX:CNQ) lost 55 cents to C$29. Talisman Energy (TSX:TLM) posted a quarterly net loss of $213 million, or 21 cents per share compared with a profit of $291 million, or 28 cents per share, a year earlier. Its shares gave back 58 cents to $11.50. The tech sector was also weak with BlackBerry (TSX:BB) down 61 cents to $15.89 as it launched the long-awaited Q10 smartphone with a physical keyboard. Industrials also weighed on the Toronto market with Canadian Pacific Railway (TSX:CP) down $2.40 to $123.16. And the financials sector also gave back gains as Bank of Montreal (TSX:BMO) shed 82 cents to $62.37. Elsewhere on the earnings front, Loblaw Companies Ltd. (TSX:L) jumped $2, or 4.68 per cent, to $44.75 as it reported a 40 per cent increase in first-quarter net income to $171 million or 61 cents per share while revenue rose to $7.2 billion from $6.94 billion. The grocer also increased its quarterly dividend to 24 cents per common share from 22 cents and said it plans to compete the initial public offering of its real estate investment trust in early to mid-July. “That’s a key driver,” added Small. “The real estate alone that their buildings sit on is worth a certain amount in terms of earnings per share.” In other corporate developments, Tim Hortons Inc. (TSX:THI) shares gained $2.19 or four per cent to $56.77 after a report that U.S. investment firm Highfields Capital is pushing for changes at the chain including a big buy back of stock and a spin off of its real estate holdings. Related news S&P/TSX composite hits highest close since March on strength of financials sector Share this article and your comments with peers on social media TSX gets lift from financials, U.S. markets rise to highest since March Keywords Marketwatch Toronto stock market dips on weakness in the energy and financials sectors Facebook LinkedIn Twitter read more

first_img Tax tips for self-employed clients U.S. taxpayers will have an extra month to file their 2020 income tax return and to pay any related tax liability.The Treasury Department and Internal Revenue Service (IRS) announced Wednesday that the U.S. federal income tax filing deadline for individuals for the 2020 tax year will be extended to May 17, 2021 from April 15. United States Capitol, Washington DC valeriiiavtushenko/123RF Rudy Mezzetta Related news Keywords Income taxesCompanies Internal Revenue Service Tips for taxpayers with repaid CERB error on tax slips “This continues to be a tough time for many people, and the IRS wants to continue to do everything possible to help taxpayers navigate the unusual circumstances related to the pandemic, while also working on important tax administration responsibilities,” said IRS Commissioner Chuck Rettig in a release.The IRS is also allowing individual U.S. taxpayers to postpone federal income tax payments for the 2020 tax year due on April 15 to May 17 without penalties and interest. Penalties, interest and additions to tax would begin to accrue on any remaining unpaid balances as of May 17, but individual taxpayers would automatically avoid interest and penalties on the taxes paid by that date.Taxpayers automatically qualify for the filing extension without having to apply. Those who needed additional time beyond May 17 to file could request an extension until Oct. 15 by filing Form 4868. Even with an extension, the payment deadline would remain May 17, however.The U.S. government said that the tax relief would not apply to estimated tax payments due on April 15. In general, estimated tax payments are made quarterly to the IRS by people whose income isn’t subject to income tax withholding.Canadians who are also U.S. citizens, U.S. green card holders, or otherwise U.S. persons for tax purposes must file a U.S. income tax return annually in addition to their Canadian tax return.Separate from the tax filing extension announced on March 17, U.S. taxpayers living outside the U.S. receive an automatic two-month tax filing extension to June 15 and can apply for an extension to Oct. 15. However, any tax liability in respect of a 2020 U.S. tax return would remain due May 17. A tax treaty between Canada and the U.S. usually prevents double taxation.The Canada Revenue Agency (CRA) has not extended the April 30, 2021 tax filing deadline for the 2020 tax year.In February, the CRA announced that taxpayers who received Covid-19 income benefits would not be required to pay interest on any outstanding income tax debt for the 2020 tax year until April 30, 2022. To qualify, taxpayers must have had $75,000 or less of total taxable income in 2020 and have received some form of Covid-19 income support last year (such as the Canada Emergency Response Benefit).However, late filing penalties would continue to apply to 2020 returns filed after April 30, 2021. Share this article and your comments with peers on social media Federal budget bill includes changes to stock options, annuities, mutual fund trusts Facebook LinkedIn Twitterlast_img read more

first_imgStrengthening Indonesia’s Fiscal Resilience to Natural Disasters and Health-Related Shocks The World Bank’s Board of Executive Directors today approved a $500 million loan to strengthen Indonesia’s financial and fiscal resilience. The loan will help the country build and strengthen its financial response to natural disasters, climate risks, and health-related shocks.Such shocks and disasters have become a constant threat to Indonesia’s development progress. From 2014 to 2018, the central government spent between US$90 million and US$500 million annually on disaster response and recovery, while local governments spent an estimated additional $250 million over the same period.The needs are particularly acute now, with Indonesia experiencing multiple financial, fiscal, and social impacts due to the COVID-19 pandemic.“Financial preparedness for disasters, climate shocks, and health crises such as COVID-19 is increasingly important for Indonesia. This support will help the government deliver a more targeted and timely response, reducing the impact of disasters and helping to protect Indonesia’s development progress,” said Sri Mulyani Indrawati, Minister of Finance of the Republic of Indonesia.By reducing the impacts of disasters, such planning can help protect the poor and vulnerable who often bear the brunt of disasters as they tend to live in hazard areas, lack access to basic services, and have limited access to financial resources to cope with the aftermath.The new project will support the Government’s National Disaster Risk Finance and Insurance Strategy by strengthening Indonesia’s fiscal and financial resilience through a Pooling Fund for Disasters. This fund will become the central mechanism through which post-disaster financing can flow from different sources. The fund will look to leverage domestic and international insurance markets to provide financial capacity to backstop the fund.The project will also help ensure effective and transparent flow of the funds to relevant government agencies, including budget tracking on disaster-related expenditures, faster social assistance payments for victims of disasters, and improved preparedness planning for health shocks. Central and local government agencies will receive additional, faster, and more effective financial support after a disaster.“The improved availability and flow of funds will ultimately support the population of Indonesia who will benefit from faster and better targeted response to disaster and health shocks. This will particularly benefit the poorest and most vulnerable, who are most affected by delayed disaster response and often lose their livelihoods and incomes, which keeps them in poverty,” said Satu Kahkonen, World Bank Country Director for Indonesia and Timor-Leste.The project is supported by a $14 million grant from the Global Risk Financing Facility (GRiF) to assist building technical capacity, environmental and social management systems, bring new technology to the management of the Pooling Fund, and invest in evaluations and learning, including how to best serve the most vulnerable groups. Supported by a Multi-Donor Trust Fund with over $200 million from Germany and the United Kingdom, GRiF provides grants and technical expertise to help developing countries safeguard progress and recover more quickly from the financial impacts of climate shocks, disasters, and crises.World Bank Group Response to COVID-19The World Bank Group, one of the largest sources of funding and knowledge for developing countries, is taking broad, fast action to help developing countries strengthen their pandemic response. It is supporting public health interventions, working to ensure the flow of critical supplies and equipment, and helping the private sector continue to operate and sustain jobs.The WBG is making available up to $160 billion over a 15-month period ending June 2021 to help more than 100 countries protect the poor and vulnerable, support businesses, and bolster economic recovery. This includes $50 billion of new IDA resources through grants and highly concessional loans and $12 billion for developing countries to finance the purchase and distribution of COVID-19 vaccines. /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:Central, director, Germany, Government, Indonesia, insurance, Minister, pandemic response, public health, resilience, resources, social impact, technology, United Kingdom, Vaccines, World Banklast_img read more

first_imgSojitz Corporation invests in new A$1.5bn hospital in Melbourne AustradeJapan’s Sojitz Corporation is investing in the new A$1.5 billion Footscray Hospital in Melbourne. The hospital is the single largest health infrastructure investment in the state of Victoria.Sojitz’s Australian subsidiary and Plenary Group will establish an operating company to finance the project. Sojitz will provide 30% of the equity and Plenary Group the remaining 70%.The project will be delivered as a public-private partnership by the Plenary Health consortium. The consortium comprises Plenary Group as sponsor, investor and asset manager, and Multiplex as builder. Honeywell and Compass Group will serve as facility services providers.The Victorian Government has contracted the consortium to finance, design and construct the facility, and operate it for 25 years following completion.The financial institutions participating in the project include the National Australia Bank, Westpac, Mizuho Bank, The Norinchukin Bank, Nippon Life Insurance and Crédit Industriel et Commercial.The new 504-bed hospital will replace the current facility. It is designed to meet the growing healthcare needs of the communities in Melbourne’s western suburbs, an area expected to see a 60% growth in population over the next 20 years.The hospital will have the capacity to treat an additional 15,000 patients and enable 20,000 more people to be seen by the emergency department each year.The project will create up to 2,000 jobs – during construction and through the establishment of a health, education and research precinct.Construction will begin shortly. The hospital is expected to open in 2025.Austrade had promoted Australia to Sojitz as a destination for healthcare investment, leading the company to begin investigating development opportunities. /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:Austrade, Australia, Australian, education, Emergency, emergency department, Government, health, healthcare, infrastructure, insurance, Investment, Melbourne, National Australia Bank, Victoria, Westpaclast_img read more

first_img See More Videos Trending Videos McLaren and Apple are reportedly discussing an acquisition or strategic investment, according to the Financial Times.What the California-based tech giant wants from McLaren – a British Formula One team and a supercar builder – is unclear at the moment, but according to a rumour several months ago, Apple was considering acquiring an entire F1 racing league.Apparently, the talks have been going on for months. One possibility could be Apple wanting to bring in McLaren to assist on its mysterious Apple Car project. If the deal goes through, McLaren would be valued betwen US$1.3 billion and US$2 billion – but it’s far from confirmed. “We can confirm that McLAren is not in discussion with Apple in respect of any potential investment,” a McLaren spokesman said. “As you would expect, the nature of our brand means we regularly have confidential conversations with a wide range of parties, but we keep them confidential.” The Rolls-Royce Boat Tail may be the most expensive new car ever advertisement We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” RELATED TAGSMcLarenPerformanceSupercarSupercarsNew VehiclesPerformance VehiclesSupercarsApple Inc.CaliforniaFinancial Times Ltd.Formula One RacingMotorsportsSportsUnited States UPDATE: According to the Financial Post, McLaren says these rumours are inaccurate and Apple isn’t in talks with the company. COMMENTSSHARE YOUR THOUGHTS PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Created with Raphaël 2.1.2Created with Raphaël 2.1.2 McLaren wants to make more accessible cars, but the Sports Series is as far as they’d go. Trending in Canada ‹ Previous Next ›last_img read more