Category: klznzysf

Airbus closes China plant due to coronavirus

first_imgTianjin is a port city 150 kilometres (93 miles) from Beijing. Airbus did not indicate when the centre might reopen. “Airbus is constantly evaluating the situation and monitoring any potential knock-on effects to production and deliveries and will try to mitigate via alternative plans where necessary,” the company said in a statement.More than 20 countries have confirmed cases of the virus, which has infected more than 24,000 people in mainland China.The outbreak has prompted the World Health Organization to declare a global health emergency, several governments to impose travel restrictions, and airlines to suspend flights to and from China.Topics : Airbus has closed its aircraft production facility in Tianjin outside the Chinese capital Beijing due to the latest coronavirus outbreak, the aviation giant said Wednesday.”China domestic and worldwide travel restrictions are posing some logistical challenges. The Tianjin Final Assembly Line facility is currently closed,” Airbus said in a statement.The Tianjin facility, the first of its kind for Airbus outside Europe, is a completion centre for single aisle A320 aircraft and can also handle the larger A330.last_img read more

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Australia tightens restrictions as COVID-19 cases top 10,000

first_imgSouth Australia cancelled plans to reopen its border to New South Wales on July 20, while Queensland introduced a mandatory two-week quarantine for people who have visited two areas in Sydney’s western suburbs.”Our primary responsibility in South Australia is to the health, safety and welfare of all South Australians,” Premier Steven Marshall told reporters in Adelaide.Australia’s Northern Territory said it will decide on Wednesday whether to allow anyone from New South Wales to enter when its domestic borders reopen later this week.New South Wales, which has seen several dozen cases linked to the outbreak in Victoria, said pubs will now be limited to no more than 300 people, responding to an outbreak centered at a large hotel in southwestern Sydney.Authorities believe 600 people visited the Crossroads Hotel on July 3, when the outbreak is believed to have begun.”Indoor activity, where people aren’t seated is a huge health risk. It increases the chance of transmission,” state Premier Gladys Berejiklian told reporters. Topics : Active cases in the state rose to nearly 2,000 after another 270 infections were detected in the past 24 hours, authorities said, taking Australia’s total number of cases to about 10,000.Australia’s death toll hit 110 on Tuesday after two people in their 80s died from the virus in Victoria.”We haven’t turned the corner yet. I hope to see that this week, but there are no guarantees,” Brett Sutton, Victoria’s Chief Medical Officer told reporters in Melbourne.Australia avoided the high COVID-19 casualty numbers of other nations with swift and strict measures, but a spike in community-transmitted cases in Victoria and a rise in new cases in New South Wales has worried other states. Australian states on Tuesday tightened restrictions on movement as authorities struggle to contain a fresh outbreak of COVID-19 in the country’s southeast that has pushed the national tally of cases beyond 10,000.With growing fears of a second coronavirus wave nationally, two states extended border restrictions and Australia’s most populous state imposed limits on the number of people allowed in large pubs.The changes come as scores of new cases were uncovered in Victoria, the country’s COVID-19 hotspot, despite a return to lockdown last week for nearly 5 million people in state capital Melbourne.last_img read more

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Affordable block sizes provide plenty of appeal

first_img596 Beams Rd, CarseldineThis renovated home in Carseldine has sold for $570,000.Marketing agent Joshua Waters of LJ Hooker, Aspley, said 596 Beams Rd, Carseldine was a popular property on the market. The home at 596 Beams Rd, Carseldine“We had huge interest in the home,” Mr Waters said.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus21 hours ago“There were multiple offers, but in the end it went to a young couple buying their first home.”Mr Waters said buyers were attracted to the home due to its large 838sq m land size and dual living potential.“The outdoor entertaining area also got a lot of attention,” he said.The home has five bedrooms, two bathrooms, an in-ground pool, two kitchens and a two-car garage. The home at 596 Beams Rd, CarseldineMr Waters said the market in Carseldine was steady.“It’s tracking well,” he said.“We’re getting inquiries from a lot of first-home buyers, investors and downsizers.”Mr Waters said that first-home buyers were particularly interested in the Carseldine pocket.“It’s appealing for a number of reasons,” Mr Waters said. “It’s close to services and amenities, good-quality schools and the block sizes are very generous and affordable.”last_img read more

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Early trustee engagement ‘essential’ before company mergers

first_imgUK trustees must be part of any discussion surrounding the sale of a sponsor company if it is to succeed, White & Case has urged.The law firm warned that “due consideration” must be paid to any concerns raised by the trustees of defined benefit (DB) funds, noting the increasing perception that a trustee board can “hinder” any deals.In a report drafted with consultancy Barnett Waddingham, it said early engagement was “essential”, as were any meaningful discussions about how a transaction could improve the future prospects of both the company and the fund.“If the investor is looking to make changes to the plan, it must carry out an open and transparent consultation, which should be a genuine consultation and not merely a fait accompli,” it added. The report stressed the importance of the consultation process in light of a High Court case involving changes to the UK’s IBM pension scheme, which sought to close to future accrual but was challenged due to “reasonable expectations” that earlier restructurings would prevent its closure.“It is important for an employer,” the report added, “to appreciate that the IBM case was fact-specific and that, by following the approach suggested above, an employer should not be afraid to push back in negotiations with trustees when the concept of ‘reasonable expectations’ is raised.”Greater transparency is now required when companies bid for rivals, after a 2013 change that required any bid to include mention of the new owner’s intention for any DB fund associated with the firm.The changes were proposed by the Takeover Panel in 2012.last_img read more

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UK pensions watchdog to clamp down on ‘excessive’ dividends

first_imgSir Steve Webb“One of the most striking features of the new statement is the tougher language around companies paying large dividends when their pension scheme is in significant deficit. Pension scheme members are understandably concerned when their pension scheme is well short of the money needed to pay their pensions if they see large amounts of money going out of the business in dividends. While there is nothing wrong in companies paying dividends, it is good to see the regulator putting greater pressure on firms to make sure that sorting out the hole in the pension scheme gets the attention it deserves.”– Sir Steve Webb, director of policy at Royal London TPR has been scrutinising dividend payments and scheme funding arrangements as part of its ‘clearer, quicker, tougher’ approach to regulation, rolled out last year after severe criticism from politicians in the wake of the high-profile collapses of BHS and Carillion.The regulator also urged schemes to set out more specific long-term goals for improving funding and securing member benefits – one of the main elements of the government’s reform proposals, currently under consultation.David Fairs, TPR’s executive director of regulatory policy, analysis and advice, said: “In order to support schemes we are setting out what we expect trustees and sponsoring employers to consider on funding, investment and covenant.“The annual funding statement will help them think about the risks facing their scheme, to consider what levels of risk are acceptable and how to mitigate risks where appropriate.“Trustees have fed back to us that they find this clarity helpful in negotiating good outcomes for members and avoiding interventions and action from TPR.“We have taken a tough stance on schemes that have not been treated fairly and will continue this approach where members’ benefits are under pressure.”‘Covenant leakage’TPR said it was “concerned” about the imbalance between payments to company pension schemes and dividends paid to shareholders, as well as other forms of “covenant leakage”.“Recent corporate failures have highlighted the risk of long recovery plans while payments to shareholders are excessive relative to deficit recovery contributions,” the regulator said.TPR has already contacted a number of schemes that were at risk of losing out relative to shareholders, quizzing them on funding approaches and negotiations with sponsoring employers. It indicated that it would continue to make such interventions at a greater number of schemes “where we do not believe that their valuations reflect an equitable position relative to other stakeholders”.The regulator also vowed to engage with a number of schemes this year if recovery periods were considered to be “unacceptably long”, and warned trustee boards to expect communications in the coming months.“While some trustees may not consider their current recovery plan to be long, we will be looking at both the maturity and the covenant of the employer in forming a view on what we consider to be an acceptable recovery plan length,” TPR said.Consultancy firm Hymans Robertson estimated that one in five FTSE 350 companies with DB schemes were at risk of intervention from TPR.The full annual funding statement is available on the regulator’s website.The industry responds Dan Mikulskis, LCP“For weaker sponsors, there is always going to be a very difficult balance to be struck between the interests of pensioners and the ongoing solvency of the company. It is a hard area to regulate but we believe it is important to recognise that in many cases pension scheme trustees are a key stakeholder in the ongoing company, and should be recognised as such – the expectations suggested by the regulator around dividend payments help to achieve this.”– Dan Mikulskis, partner at LCP“Given the desire to strengthen DB pensions funding, the regulator’s robust stance makes perfect sense. It is challenging employers to fund pension schemes ahead of paying shareholders. But it will create challenges for business, and some employers may be surprised by how much the ground is shifting. Many companies will need to give a higher priority to pensions funding and risk management than they do today and some will come under pressure to either increase pension contributions or cut dividends.”– Mike Smedley, pensions partner at KPMG“Businesses with pension scheme valuations this year will be under considerable pressure to pay higher contributions to their pension scheme. This will be incredibly unwelcome for those who are wrestling with tough trading conditions or Brexit-related uncertainty. If businesses are struggling, TPR will be highly likely to intervene to put the interests of pensioners ahead of investors… All trustees are going to have to work harder to demonstrate to TPR that the risks they are running can be supported by the business their scheme relies on.”– Patrick Bloomfield, partner at Hymans Robertson Jenny Condron, Association of Consulting Actuaries“Sponsors, trustees and their advisers need to be assured that the changing approach will not herald an overly inflexible one and that the regulator will remain proportionate in using its powers, particularly those situations where employers are engaged in corporate restructuring – often with the specific aim of enhancing the organisation’s future prospects and therefore the covenant supporting the pension scheme.”– Jenny Condron, chair of the Association of Consulting Actuaries The UK’s Pensions Regulator (TPR) is to visit more defined benefit (DB) schemes and make more interventions as part of a “robust” new approach to supervising the sector.In its annual funding statement, published this morning, TPR stated that it would take a much firmer stance on the ratio of dividend payments to DB scheme contributions.Weaker employers should pay more into their schemes than to shareholders, TPR said, while companies that were unable to support their schemes should not be paying dividends at all.If a company paid dividends greater than the amount paid to its pension scheme, the regulator said it would “expect a strong funding target” and a short deficit recovery period.last_img read more

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Designed to reduce ongoing costs and increase entertaining space

first_imgNEW DEVELOPMENT: Construction has started on one of Coorparoo’s newest townhouse developments — Kirkland Residences.Promoting an independent lifestyle, developer Tom Gray’s latest Coorparoo project, Kirkland Residences, has been designed to reduce ongoing costs and maintenance. He said the design intent was to create large townhouse residences that delivered a real house alternative in a blue-chip location. ”Each individual residence has been designed to maximise the individual lot and create privacy,” he said.More from newsParks and wildlife the new lust-haves post coronavirus14 hours agoNoosa’s best beachfront penthouse is about to hit the market14 hours ago“No two residences are the same, in terms of the floor plan and exclusive use area package.“Provision for lifts to enable the extension of transition from downsizing well into retirement.” He said other features included side-by-side, double garaging and an extensive “home-sized” kitchen. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:30Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:30 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreen3 steps to creating a duplex01:30 Kirkland Residences is closely located to Coorparoo Square, which has a Dendy Cinema, ALDI and extensive dining precinct. Plus there are supermarkets, the eastern busway, with easy access to the University of Queensland, as well as a range of private and state schools.Construction has started with completion anticipated in December, with residents moving in at this time. Brisbane home values keep rising >>FOLLOW EMILY BLACK ON FACEBOOK<< Cornerstone Living’s next phase Completion is anticipated for December 2019, with residents moving in at this time.Mr Lawrence said there had already been an overwhelming demand from owner residents.“(It’s) very popular with the downsizer, as they’re not sacrificing the comforts of the family home to move to an easy maintenance home,” he said. “Several designs feature either butler’s pantry or a second living space.“Kirkland has also be popular with first home buying professional couples wanting to maximise their lifestyle in an easy to maintain property.” LNP star keeps foot in old electorate The design intent was to create generous-sized townhouses as a real house alternative in a blue chip location.“This also reduces the ongoing body corporate levies, from only $35 a week, required to maintain communal spaces — important to downsizers transitioning from a family home.”Mr Lawrence said the developer was responsible for many townhouse projects throughout Brisbane’s inner eastern suburbs since his first project in Rutland St, Coorparoo, in 2012.“He (Tom Gray) has completed six projects since then from Morningside to Mount Gravatt East,” he said.“Tom has continued to recognise the market demand over the past six years in Brisbane’s inner east for well designed townhouses that will appeal to owner-occupiers, especially first home buyers, professional couples and singles and downsizers.” RELATED: MORE: Marketing agent, Position Property principal Richard Lawrence, said the project was intentionally designed without communal facilities.“Each individual residence has been created to ensure leisure and entertaining space is maximised and independent,” he said.last_img read more

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EMEC Hires Leask Marine for Tidal Foundation Tripod Removal

first_imgThe European Marine Energy Centre (EMEC) has contracted Orkney-based Leask Marine to remove a tripod foundation from EMEC’s Fall of Warness tidal energy test site. The operation will feed into a collaborative FORESEA-funded project called Forensic Decommissioning for Tidal Energy Converters (FoDTEC), involving Blackfish Engineering Design, the International Centre for Island Technology (ICIT), Rovco, and Brunel Experimental Techniques Centre, Brunel Centre for Advanced Solidification Technology and Brunel Design.The FORESEA support package will focus on conducting forensic analysis to obtain a comprehensive understanding of the end-of-life condition of the tripod, which was first installed in 2009, and ascertain the long-term effect of deploying components and systems in the sea.Forensic examination techniques will focus on biofouling and metallurgic analysis as well as collation of a detailed photographic record of the decommissioning activity for future reference.A lessons-learned report offering best-practices for device and infrastructure design, deployment, operation, maintenance, and decommissioning will be published for the benefit of the sector, enabling developers to minimize decommissioning costs and de-risk future projects, EMEC informed.Decommissioning is a critical part of the lifecycle of any ocean energy project but is not yet well explored as relatively few technologies have progressed to the decommissioning stage following long-term deployment, and limited resources force focus on the development and demonstration phases of prototype projects.Nic Wallet, FORESEA programme manager, EMEC, said: “The FORESEA programme was developed to bring offshore renewable energy technologies closer to market by providing free access to North-West Europe’s world-leading network of test centres. Whilst this has primarily focused on the demonstration of wave and tidal energy converters in real-sea conditions, we’re excited to see this extend to include another vital aspect of the ocean energy technology lifecycle: decommissioning. “The tripod has remained in situ at the Fall of Warness to give the potential for it to be usefully re-purposed, however so far EMEC’s clients have preferred to have clear access to test berths. Therefore we made the decision to remove the tripod, taking the opportunity to address the lack of decommissioning that has taken place in the industry to give clearer insight into the latter stages of a technology’s lifecycle. “The project was formed to conduct forensic analysis and share the learning with developers and other test centres to ensure that the works are of maximum use to the industry. Through sharing lessons learned and implementing them into future device designs and operations, we expect to positively impact the LCOE for ocean energy.”Douglas Leask, managing director, Leask Marine, said: “We are delighted to have been appointed through tender by EMEC as the marine contractor for this important decommissioning project. This will bring together the experience of the local supply chain to facilitate the removal of the tripod foundation that is currently installed on Berth 2 of EMEC’s grid connected tidal test site, while providing a decommissioning case study and recommendations for further cost reductions and de-risking.  “Providing a low-cost option for decommissioning has come about through using the same methodology as other successful subsea structure decommissioning projects that Leask Marine has performed around the UK for developers.”Leask Marine expects to complete the site removal works during the summer of 2018.last_img read more

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Russia’s Novatek to Develop LNG Regasification Terminal in Vietnam

first_imgRussian gas company Novatek has signed a Memorandum of Understanding with Vietnam’s Ninh Thuan Provincial People’s Committee for the development of an LNG regasification terminal for the country’s integrated energy-generating project.The energy-generating project provides for the delivery of LNG utilizing existing infrastructure as well as developing new infrastructure, including the construction of the LNG regasification terminal and new gas-fired power plants within Vietnam.Partners of the proposed project include Siemens, Total Gas & Power Business Services, and Vietnam A&A Technology Investment.“The strong economic growth within Vietnam generates additional demand for energy, which can be sustainably met with the development of an integrated gas generation project,” Leonid Mikhelson, Novatek’s chairman of management board, commented.“The building of gas-fired power generation increases the demand for us to provide competitively priced LNG supplies to the country. This project could be realized in a relatively short period of time with the support of the Ninh Thuan province.”last_img read more

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Google block on child porn: At last!

first_imgDailyMail 18 November 2013Internet search results linked to child abuse are to be blocked across the world in a stunning U-turn by Google.The world’s biggest media firm has agreed to introduce changes which will prevent depraved images and videos from appearing for more than 100,000 different searches.The company’s chairman Eric Schmidt, writing in today’s Daily Mail ahead of a Downing Street summit on internet pornography,  says: ‘We’ve listened.‘We’ve fine-tuned Google Search to prevent links to child sexual abuse material from appearing in our results.’The restrictions, which have been designed to apply in English-speaking countries, will be expanded to cover the rest of the world and 158 other languages in the next six months.Mr Schmidt also reveals that Google has developed breakthrough technology that will allow illegal videos to be ‘tagged’  so that all duplicate copies can be removed across the internet.Microsoft, which operates search engines Bing and powers Yahoo, will confirm at the Downing Street talks that it is introducing similar restrictions. The dramatic developments follow the Daily Mail’s concerted fight to force the industry to clean up the internet with its Block Online Porn campaign.http://www.dailymail.co.uk/news/article-2509036/Google-blocks-child-porn-Internet-giant-axes-links-sex-abuse-websites.htmllast_img read more

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More Caribbean women cheating on their partners

first_img Share 163 Views   no discussions Share NewsRegional More Caribbean women cheating on their partners by: – May 10, 2012 Report confirms “very strong links” between infidelity and HIV transmissionKINGSTON, Jamaica  – A tri-nation study conducted in Jamaica, Haiti and the Dominican Republic indicates that more women are cheating on their partners, a feature of changing gender roles in the Caribbean.The report, commissioned last year by Panos Caribbean, also confirmed “very strong links” between infidelity and transmission of HIV.“In highlighting infidelity, focus must be on the role of both men and women in perpetuating the spread of HIV. While in the past it was usually the men who played the field, now many Caribbean women are doing the same,” the study said.Married women in the Caribbean are particularly vulnerable to HIV because of trust and social conventions surrounding marriage, the amalgamated study continued.“Many are unaware of their husbands’ infidelity, or in cases where they suspect that their husbands are cheating, they are in denial or not in a position to negotiate condom use,” Panos said.“In a culture where men are socialised to believe their manly prowess ought to be measured by the number of women they have, it is almost the accepted norm for men in Jamaica to have multiple sexual partners, even within committed marital and common-law relationships … But infidelity has and continues to fuel the spread of HIV both in heterosexual and same-sex relationships, and has even surfaced within the church,” the report noted.Research in Haiti showed that many married women, as well single women with steady boyfriends, took lovers on the side. “For some it is an occasional fling, while others form medium-to-long-term sexual relationships ‘outside’, that run parallel to their recognised union,” Panos said.The NGO, CECOSIDA, which conducted the Haiti leg of the study to determine how infidelity contributed to HIV transmission rates there, found evidence of a direct correlation between both.According to the Haiti report: “Infidelity is a strange phenomenon which, although common, is still taboo: if you practice it, you don’t talk about it – at least this is the case in Haiti. What is particularly alarming is that most men don’t use condoms, and they have no idea about their partner’s sexual history. So, in this way, STIs such as HIV are very easily transmitted.”With regard to the Dominican Republic, the study found that marital infidelity was a serious social problem, but there it was still mostly a problem with men.“While some men will take a mistress on a long-term basis, others have multiple sexual partners, often changing them in quick succession. While this behaviour is not completely sanctioned in Dominican society, it is widespread and is tolerated,” the study said, citing a 2006 UNIFEM report.“Surveys commissioned by the Dominican Health Ministry in the 1990s found that approximately 50 percent of men have had extramarital affairs. However, a lead researcher has indicated that these surveys may have understated the reality. Against this background, infidelity has been identified as one of the main reasons for the spread of AIDS in the Dominican Republic, a country which has one of Latin America’s highest percentages of people living with HIV,” Panos said.The study noted that apart from sub-Saharan Africa, the Caribbean was the only region where the proportion of women and girls living with HIV (at 53 percent) was higher than that of males.“In fact, despite the gains made in HIV prevention in the Caribbean, women who are married or in stable relationships constitute one of the sub-populations within which HIV infections continue to grow. This phenomenon poses a challenge for health-care systems across the region,” the organisation said.Caribbean 360 Newscenter_img Sharing is caring! Tweet Sharelast_img read more

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