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Flybe is the biggest operator of UK domestic flights and carries around eight million passengers annually.But it failed to turn around its fortunes since being purchased by the Connect Airways consortium last year, initially owing to weak demand and fierce competition.That has now been compounded by the new coronavirus, with a slew of airlines cancelling flights and warning profits would take a hit from decreased demand.The announcement came hours after media reports that the airline could collapse following its failure to secure a £100 million ($129 million, 115 million euros) state loan to help stabilise the business. One of Britain’s biggest airlines, Flybe, collapsed Thursday with passengers left stranded as the coronavirus epidemic takes a heavy toll on air travel around the world.A statement on Flybe’s website said the no-frills airline, which employs 2,000 people, had entered administration and could not arrange alternative flights for its passengers.”All flights have been grounded and the UK business has ceased trading with immediate effect,” said the company, which avoided going bust in January only after being granted a tax holiday by the government. The impact of COVID-19 on travel “has made a bad situation much worse”, sources told the BBC, while Bloomberg News reported Thursday that no agreement could be reached on a virus-related government bailout.Small British airlines have suffered recently from volatile fuel costs and a weak pound. ‘Do not travel to airport’ Flybe operates from 43 airports across Europe and 28 in Britain, and its collapse left potentially thousands of people stranded far from home.”If you are due to fly with Flybe, please DO NOT TRAVEL TO THE AIRPORT unless you have arranged an alternative flight with another airline,” the airline said.The British government said it had asked bus and train operators to accept Flybe tickets and other airlines to offer reductions to help passengers reach their destination.”Flybe’s financial difficulties were longstanding and well documented and pre-date the outbreak of COVID-19,” a spokesperson said in a statement.Flybe’s owner, the Connect Airways consortium, is led by Virgin Atlantic and also includes investment firm Cyrus and infrastructure specialist Stobart.Chief Executive Mark Anderson said “every possible attempt” had been made to avoid the collapse, but that the airline had been “unable to overcome significant funding challenges”.In January, Flybe said it had agreed a payment plan with authorities to defer tax payments of less than £10 million.That announcement came just days after the airline was saved from collapse in a last-minute financial rescue, with Prime Minister Boris Johnson’s government agreeing to review air passenger duty (APD) paid by Flybe’s customers.Following the tax deferral, rival companies including British Airways-parent IAG complained to the European Union that it was receiving unfair state aid.The decision also sparked the ire of Greenpeace UK, which at the time called the air-ticket tax cut a “poorly thought-out policy that should be grounded”.”Cutting the cost of domestic flights while allowing train fares to rise is the exact opposite of what we need,” the environmental campaign group said.The government said its assistance did not breach EU rules and that help was based on the importance of the company’s domestic services.However, that contrasted with the fate of British holiday giant Thomas Cook, which collapsed without government assistance in September, causing the loss of 22,000 jobs worldwide and stranding 600,000 holidaymakers abroad.Topics :
Democratic presidential candidate Joe Biden has promised to soon reveal his running mate.And as the suspense builds over who Biden will choose to be on the ticket for November’s election, this much is known — it will be a woman.About a dozen names have been bandied about by pundits and the press but the favorite for the vice president slot appears to be California Senator Kamala Harris. The speculation that the 55-year-old Harris would be the choice was fueled further last week when Biden appeared at an event clutching a notepad with her name on it.Written on the pad under Harris’s name were several complimentary remarks including “Talented,” “Great help to campaign” and “Great respect for her.”The November 3 election is shaping up to be one of the most consequential in recent US history and comes amid a health emergency, an economic crisis and a national reckoning over racial injustice.The choice of a running mate is always one of the most important decisions a White House hopeful makes but it has added significance this year because of Biden’s age. Biden turns 78 years old on November 20 and he would be the oldest man ever to assume the office if he defeats President Donald Trump in November.Ronald Reagan was nearly 74 years old when he was inaugurated in January 1985 for his second term in the White House.”The vice-presidential pick this year is so much more important than it normally is because people expect Biden to only serve one term,” said David Barker, a professor of government at American University. “And so whomever he picks as vice president is likely to be the next Democratic candidate for president in four years,” Barker said.Besides Harris, three other senators are believed to be under consideration — Tammy Duckworth of Illinois, Elizabeth Warren of Massachusetts and Tammy Baldwin of Wisconsin.Two other lawmakers also appear to be in the running — Florida congresswoman Val Demings and California representative Karen Bass — and two governors — Michigan’s Gretchen Whitmer and New Mexico’s Michelle Lujan Grisham.Atlanta Mayor Keisha Lance Bottoms has also been mentioned along with Susan Rice, who served as national security advisor under president Barack Obama.Harris challenged Biden for the Democratic nomination but dropped out of the race in December 2019 and threw her support behind Biden, the former vice president and senator from Delaware, in March.Biden and Harris clashed during an early Democratic primary debate but he appears not to hold it against her.One of the remarks on the notepad. “Do not hold grudges.”The daughter of a Jamaican-born father and Indian-born mother, Harris served as a district attorney in San Francisco before becoming attorney general of California, the first woman to hold the post in the most populous US state.She was elected to the Senate in 2016, just the second black woman elected to the body and the first woman of South Asian heritage.While Harris would be the first black woman on the ticket of a major party, she failed to excite black voters during the primaries, in part, perhaps, because of her reputation for being a tough prosecutor. Two other black women — Rice and Bass — have emerged as potential running mates for an election that comes amid a backdrop of nationwide “Black Lives Matter” protests sparked by the death of George Floyd.Rice, 55, has never run for office but she does have extensive foreign policy experience and worked closely with Biden when he was Obama’s vice president and she was national security advisor.”He has a great relationship with her,” Barker said. “I think that’s going to weigh heavily into his decision.”Bass, 66, heads the Congressional Black Caucus and is the author of a police reform bill named after Floyd.”She’s an interesting pick,” Barker said of Bass, and could potentially help Biden’s standing with “young activists, black and white.””Even though right now nobody knows who she is, once somebody becomes the vice presidential running mate then everybody learns who they are rather quickly,” he said.Warren, the 71-year-old senator from Massachusetts, is much better known but is “extremely polarizing,” Barker said.He said he considered it unlikely Biden would make such a “high risk, high reward” choice when the polls show him leading Trump by a comfortable margin, including in the swing states.While Biden said he would make his vice presidential selection this week, he may not actually announce it until the following week.In any event, he is likely to reveal his choice ahead of the Democratic nominating convention, which is to begin on August 17 in Milwaukee, Wisconsin, and has been scaled down because of the coronavirus outbreak.Topics :
The European Commission today adopted a package of measures intended to help EU capital markets support the bloc’s recovery from the coronavirus crisis, including the launch of a consultation on MiFID II changes aimed at increasing research coverage of small and medium-sized enterprises (SMEs) and bonds.Overall the package aims to encourage greater investment in the economy, allow for the rapid recapitalisation of companies, and increase banks’ capacity to finance the recovery.It comprises “targeted adjustments” to MiFID II, the Prospectus Regulation and securitisation rules.The plan to increase the research coverage regime for SMEs and bonds is introduced by way of the launch of a consultation on amendments to a MiFID II delegated act. “The exceptional circumstances resulting from the coronavirus pandemic have instilled a sense of urgency into the debate on investment analysts’ research,” said the Commission. “Increasing the visibility of European companies, in particular SMEs, to investors will promote more investment for the economic recovery.”Investor groups like PensionsEurope have supported exempting research on SMEs from fee unbundling rules in order to foster investment opportunities in this sector of the economy.According to BVI, the German fund management association, the Commission had proposed an optional approach allowing asset managers to choose whether to continue to pay for research directly or to bundle research and transaction costs for SME equities, as was the case before MiFID II.It said it supported this in light of “the sharp reduction in the supply of research on SMEs” but that “the planned limit of €1bn for the market capitalisation of SMEs seems too low.”The association also said it “very much” supported the proposal for a broad-based exemption for the payment of fixed income research, as asset managers currently paid for this type of research twice, once within the spread and another time directly.The Commission today also proposed MiFID II amendments to free up resources for investment firms and professional investors, and to help develop euro-denominated energy markets. BVI suggested the envisaged exemptions on cost information for professional investors could go further.The package of measures also included a type of short-form prospectus to facilitate capital raising in the public markets and changes to securitisation rules to support SME lending and the management of non-performing loans.Valdis Dombrovskis, Commission executive vice president, said: “We are continuing with our efforts to help EU citizens and businesses during the coronavirus crisis and the subsequent recovery.“Capital markets are vital to the recovery, because public financing alone will not be enough to get our economies back on track.”The next step is for the European Parliament and the Council to position themselves with regard to the legislative proposals from the Commission. The consultation on the MiFID II delegated directive is open until 4 September.The Commission is due to present a wider Capital Markets Union action plan in September, following on from recommendations developed by an expert group.Looking for IPE’s latest magazine? Read the digital edition here.
13-15 Edward Place, Kooralbyn.When Cathy Milane and her husband laid eyes on their home in the country side it was the views that caught their attention – not the house itself.Mrs Milane, 70, and her husband Peter, 75, have lived at Kooralbyn, in the Scenic Rim region for the past 16 years and are ready to move to a lowset brick home. The views from 13-15 Edward Place, Kooralbyn.Their four-bedroom, two-bathroom home at 13-15 Edward Place, has cathedral ceilings, timber floors, ducted evaporated cooling system, ceiling fans and split system air-conditioning. It has landscaped gardens, a double auto garage and even a spot for a pool.Mrs Milane said they had renovated parts of the home over time, which included repainting the outside of the house, and fully renovating the kitchen, where she spend most of her time baking away.“The kitchen was timber. We put in a Kaboodle kitchen and it has lightened up the whole place,” Mrs Milane said.“The house is in very good condition and even the bathrooms are quite modern. They have been left as is.”She said the back drop of the fireplace was recently done in stone work. Brisbane home prices at record high Australia’s cheapest houses for sale The kitchen after it was renovated.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours ago Before the big paint job.When the Milanes bought the tri-level home 16 years ago it had a “timber look”.“It was a greeny coloured weatherboard-type look,” Mrs Milane said.And only five years ago did they put new carpet in the bedrooms. MORE QLD REAL ESTATE NEWS: This is what the kitchen looked like prior to the reno.The couple paid $175,000 for the home and said although they loved the area, now was a good time to downsize and look for something more practical.Set on a 0.7ha steep block, Mrs Milane and her husband spend a lot of time on their deck.“It has new stainless steel balustrading all the around the house, and it really makes an amazing difference,” she said.“The deck is a beautiful place to watch the sun set.”She recounted having a memorable Christmas at the home a few years ago.Mrs Milane said there was a lovely community at Kooralbyn and nearby Beaudesert where she was involved in the local art group.“Our main reason for shifting to Bargara is for a more level area as my legs are starting to be an issue with the steps.”Mrs Milane said the home, which is close to 30 years old, would best suit a family. The home is on the market for $399,000 and being sold by Platinum Edge Properties – Kooralbyn agent Peter Eggenhuizen. Phone 0413 744 450.
KALIBO, Aklan – The provincial governmenthere started its preparations for next year’s Western Visayas Regional AthleticAssociation (WVRAA) Meet. The provincial government alreadysubmitted its intent to host the regional event with the Department ofEducation regional office in Iloilo City early this year. Hundreds of athletes coming fromprovinces and cities of Negros Occidental, Iloilo, Antique, Guimaras, and Capizare expected to gather here to compete in different sports disciplines. Iloilo province players block a shot by a Capiz player during this year’s Western Visayas Regional Athletic Association Meet (WVRAA) secondary girls volleyball match in Roxas City, Capiz on Feb. 18. The provincial government of Aklan, host of next year’s WVRAA Meet, already started its preparations for the event. CAPIZ AKSYON NEWS CENTER Gov. Florencio Miraflores on Mondaysaid he ordered several personnel for the preparation of the Aklan SportsComplex in Barangay Calangcang, Makato, Aklan. The province also hosted WVRAA in2010./PN
“Naniniwala ako na marami tayong mako-contribute sa kampanya laban sa iligal na droga,” she added. “Parang binabalik samin yung pagdetermine…Kailangan siya yung magsabi ano ba yung mandatong binibigay sakin, ano ba ‘yung limits.” MANILA – Baffled Vice President Leni Robredo told President Rodrigo Duterte to tell her straight if he still wants her to oversee the government’s anti-drug campaign after saying that he doesn’t trust her. “Dapat direchuhin na lang ako. Direcho naman akong kausap… Kung ayaw na niya, kung nagkamali sya sa pag-appoint sa akin at gusto niyang bawiin, sabihin lang niya. Kasi ako, madali akong kausap,” Robredo said in an interview on Wednesday. Duterte earlier warned to fire Robredo if she discloses sensitive information on the drug war to foreign individuals and entities./PN “I refused kasi sabi ko hihintayin ko muna yung sagot ni Presidente sa aking clarification,” Robredo said. “‘Yung ayoko ‘yung ma-accuse ako na lumalampas ako sa aking mandato.” President Duterte said a press conference on Tuesday night at Malacañang that he could not trust Robredo because she belongs to the political opposition and he does not know her. Robredo also declined a classified briefing from her ICAD co-chair, Director General Aaron Aquino of the Philippine Drug Enforcement Agency until the president clarified the scope of her authority. “Wala naman akong plano na magsaklaw ng mandato ng iba. Dahil very general ‘yung appointment sakin, sinabi na co-chair ako ng ICAD (Inter-Agency Committee on Anti-Illegal Drugs), ginagawa ko kung ano yung expectation as co-chair,” she further said. The Chief Executive added that Robredo’s behavior and remarks following her appointment as anti-drug czar also didn’t inspire for her to be given a Cabinet post. Vice President Leni Robredo. GETTY IMAGES
Speaking on the behalf of the NPA’s ApolinarioGatmaitan Command in this province, Magbanua claimed that “the people’s moneyis used to militarize the services of the local government” and that “this so-calledpeace effort is futile and a waste of money.” “(He) needs enlightenment about the TaskForce to End Local Communist Armed Conflict (TF-ELCAC) and the localized peacetalks since his press statement clearly reveals his ignorance about the realpurpose of these peace efforts,” Vinoya said on Monday. “In due time, the Philippine Army willwipe you out in the region, hence, you better surrender while you still havetime, or be killed in the least sensible way,” he added.(With a report from PNA/PN) BACOLOD City – A top Army official inthe region of Western and Central Visayas has called New People’s Army (NPA)spokesperson Juanito Magbanua as “ignorant” for denouncing the government’speace efforts in this province. The Major General said that the communist-terroristgroup leader is apparently “unaware that his comrades, family members,relatives, and even him can benefit from these drives aimed to address the rootcauses of insurgency.”Vinoya added that through the TF-ELCAC, different government agencies cametogether to address the issues and concerns of the conflict-affected andvulnerable communities. “They bring government services and programs closer to these areas to transformthem into conflict-resilient communities conducive for sustainable peace anddevelopment,” he said. According to Major General Eric Vinoya,commander of the Philippine Army’s 3rd Infantry Division, such act by Magbanuaholds back the Negrenses’ desire for a peaceful and progressive community. He even rebutted that the CommunistParty of the Philippines-New People’s Army is making the people’s livesmiserable by continuing to exploit and abuse their condition in order toadvance to a selfish and ruthless armed struggle. Philippine Army 3rd Infantry Division commander Major General Eric Vinoya (center) looks on as Brigadier General Benedict Arevalo (left) turns over the command of the division to Colonel Inocencio Pasaporte (right) at the brigade’s headquarters in Murcia, Negros Occidental. PNA FILE PHOTO Nevertheless, Vinoya went on to urge theNPA’s spokesperson and his comrades to return to the fold of the law, as hereiterated the troops’ commitment together with the local government units andconcerned government agencies in this province to fight for the welfare of theNegrenses. “That is the painful truth about yourterrorist organization the Negrenses should know…You are not fighting for thewelfare of the people. Your press statement is a confirmation of your true natureas anti-people, anti-peace, and anti-development terrorist organization,” hefurther said.
The Charger Track Invitational took place on Thursday.North Decatur was the host. Also participating were South Decatur, Milan, Waldron, Tri Hi, and Knightstown.Charger Girls InviteCharger Boys InviteSubmitted by ND Coach Mark Burry.
Elijah Zevenbergen raced to a second straight Hobo 100 IMCA Sunoco Stock Car victory, and another $4,000 payday, at Hancock County Speedway Friday night. (Photo by Chad Meyer)BRITT, Iowa (July 27) – No rally was needed for Elijah Zevenbergen to repeat as the winner of Hancock County Speedway’s Hobo 100 IMCA Sunoco Stock Car special.Zevenbergen had raced his way back to the front with five laps to go in the 2017 race.He started 10th, had the lead just five circuits in and stayed in front to the finish Friday night in winning the event a second straight year and taking home another $4,000 check.“The car was set up perfect. I could drive in the corners deeper than anyone else,” he said. “I just went to the high side and picked ‘em off.”Zevenbergen built up a big lead as the race stayed green, then outran 14th starting Jeff Mueller following a caution late in the 25-lapper.Randy Brands, Brandon Czarapata and Cayden Carter rounded out the top five.Fifty Stock Cars battled at Britt.Carter won the IMCA Modified feature, earning $2,000 and a Fast Shafts All-Star Invitational ballot nod.Cayden Carter was the IMCA Modified feature winner at Hancock County Speedway’s Hobo 100, earning $2,000 along with a berth on the 2019 fast Shafts All-Star Invitational ballot. (Photo by Chad Meyer)Cody Thompson raced from 17th starting to win the Karl Chevrolet Northern SportMod feature and $1,000. Chanse Hollatz topped the $500 to win IMCA Sunoco Hobby Stock main.Feature ResultsStock Cars– 1. Elijah Zevenbergen; 2. Jeff Mueller; 3. Randy Brands; 4. Brandon Czarapata; 5. Cayden Carter; 6. Devin Smith; 7. Derek Green; 8. Troy Jerovetz; 9. Kyle Frederick; 10. Curt Lund; 11. Andrew Borchardt; 12. Cody Frerichs; 13. Chad Palmer; 14. Kevin Opheim; 15. Trent Murphy; 16. Andy Altenburg; 17. Calvin Lange; 18. Jay Schmidt; 19. Scott Davis; 20. Heath Tulp; 21. Abe Huls; 22. Wayne Landheer; 23. Aaron Stolp; 24. Dustin Larson; 25. Matt Speckman; 26. Donavon SmithModifieds – 1. Cayden Carter; 2. Kelly Shryock; 3. Ethan Dotson; 4. Jeremy Mills; 5. Aaron Benson; 6. Nick Meyer; 7. Jesse Hoeft; 8. Rob Hughes; 9. Scott Anderson; 10. Tyler Prochaska; 11. Shane Monson; 12. Ben Kraus; 13. Troy Swearingen; 14. Cory Sauerman; 15. Todd Stinehart; 16. Cody Knecht; 17. Mike Jergens; 18. Loren Pesicka; 19. Stacey Mills; 20. Josh Ruby; 21. Ryan Ruter.
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