September 4

Hermes sales rise with luxury goods rebound

first_imgThursday 3 February 2011 7:42 pm Hermes sales rise with luxury goods rebound Share Show Comments ▼ whatsapp LUXURY goods company Hermes said yesterday its fourth-quarter sales rose 25 per cent in 2010 and raised its profit guidance.The Paris-based company said pre-tax profit will rise by around 40 per cent for the full-year.Sales for the famous silk scarf and leather goods fashion house hit €736m (£621m) in the three months to 31 December.Hermes said it will pay its first interim dividend ever next week, after building up a record cash pile. Hermes shares have risen around ten per cent over the past six months.Sales of leather goods surged by 30 per cent in the quarter.Meanwhile, the company said revenue from silk ties and scarves climbed 25 per cent. Sales from watches rose 13 per cent, while tableware sales added 23 per cent. However, perfume sales fell three per cent. The company said the Americas had been the best performing market over the quarter. center_img whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionHero WarsThis game will keep you up all night!Hero WarsBrake For ItThe Most Worthless Cars Ever MadeBrake For ItOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Life KCS-content Tags: NULLlast_img read more

September 4

Japan counts the cost of a truly horrific tragedy

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Japan counts the cost of a truly horrific tragedy Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo SLOWLY but surely, more horror stories are emerging from the rubble that is Tsunami-hit Northern Japan. The death toll will undoubtedly be many orders of magnitude higher than the few thousand so far confirmed by the authorities, while the big issue last night was the extremely serious problem at several Japanese nuclear power plants. While this series of accidents still appears to be no Chernobyl, there is some radiation leakage and the situation is far more dangerous than it looked to be on Sunday. Outsiders are finding it impossible to work out true levels of risk. If the situation isn’t resolved, a second wave of panic is likely, in the markets and among investors if not among the astonishingly stoic Japanese public. As to the actual economic damage, the Kobe earthquake of 1995 produced losses worth around two per cent of GDP; this disaster could cost up to five per cent. Rich economies inevitably bounce back from severe natural disasters; after a sharp slump in GDP, output inevitably shoots back up again as reconstruction efforts begin. It will be no different this time, despite Japan’s excessive public debt and unfavourable commodity prices.But one should not confuse a rise in GDP as repair work kicks in in a few months’ time with a rise in wealth. That would be to fall foul of what Frederic Bastiat called the broken window fallacy: a country doesn’t become richer when its assets are smashed up, even if mending them temporarily creates new jobs. Earthquakes don’t boost a nation’s wealth, they make it poorer; resources that could have been allocated to other things need to be diverted to the rebuilding effort. Vast amounts of Japan’s capital have been destroyed, including several nuclear power stations worth at least $5bn each, as well as tens of billions worth of housing and commercial property. One need not agree with the more extreme estimates of the value of the destruction – one analyst puts the destroyed capital at $1 trillion – to see that replacing what is broken is different to adding to the stock of wealth. So much for the economics – today, however, all eyes will be on the nuclear reactors. NOT ALL RICH FOLK ARE BANKERSFor those people who hate all bankers and financiers, the 50p tax rate on income over £150,000 a year is usually welcomed as an anti-City tax. It is portrayed as a targeted, punitive measure to exercise retribution for the recession (which the public attributes almost exclusively to high-earning bankers as a class). There is a lot wrong with this naive argument, including the fact that the causes of the crisis were hugely complex and included central banks’ low interest rates, government guarantees, intellectual errors about statistical patterns and numerous other policies. Yet another point is even more fundamental: most people on high incomes don’t actually work in finance. Jo Johnson, the Tory MP for Orpington, was keen to find out who actually paid the tax; the Treasury’s permanent secretary Sir Nicholas Macpherson has obliged. Of the 275,000 paying the new 50p tax (which will reach 52 per cent in April with extra employee national insurance) only 63,000 work in financial intermediation, such as banks and funds. I would guess a few thousand others on similar incomes yet not in this list could be described as quasi-investment bankers (lawyers specialising in corporate finance and so on). But the vast majority of those paying the new tax work in other fields.The widespread view that the only rich people in the UK today are bankers is absurd. A little more than 2,800 people in firms under the Financial Services Authority’s remit earned more than £1m in 2009, the regulator revealed last year. Even if we were to assume that this number has gone up, and that other quasi-bankers (consultants, lawyers, top partners at professional services firms) ought to be added in, it is fair to assume that no more than 4,000 people in City-style jobs make £1m a year. Yet HMRC estimates that around 13,000 people in the UK earn £1m (down 1,000 from its peak). Most are the entrepreneurs who are meant to grow us out of recession, non-finance company directors, top business people, entertainers and footballers. None are to blame for the crisis – all are being hammered. [email protected] Share Show Comments ▼ center_img whatsapp whatsapp Monday 14 March 2011 9:46 pm KCS-content Tags: NULLlast_img read more

August 24

New Irish gambling regulator to be in place within 18 months

first_img Tags: Online Gambling OTB and Betting Shops Regions: UK & Ireland Topics: Casino & games Legal & compliance Lottery Sports betting Bingo Irish Minister of State David Stanton has revealed that work on developing a new framework for regulating gambling in the country, including the establishment of a new authority to oversee and implement the legislation, will take up to 18 months. 17th May 2019 | By Robin Harrison New Irish gambling regulator to be in place within 18 months Email Address Irish Minister of State David Stanton has revealed that work on developing a new framework for regulating gambling in the country, including the establishment of a new authority to oversee and implement the legislation, will take up to 18 months.Responding to a question in the Dáil Éireann from Teachta Dála Clare Daly earlier this week, Stanton said that work on the revised General Scheme of the country’s Gambling Control Bill had begun. If work is completed within 18 months, the new regulatory regime should be in place by 2020.The Gambling Control Bill, first published in 2013, is currently being amended to incorporate a series of recommendations by an inter-departmental working group published in March this year.At the time, Stanton committed to adopting these recommendations, including the establishment of a regulatory authority for the industry, as well as an updated range of licences to reflect gambling’s shift online.The report also recommended regulations for gambling advertising and sponsorship, as well as controls to prevent gambling being exploited for money laundering and to manipulate sporting competitions.It has also called upon the government to improve consumer protection, and set up an alternative dispute resolution mechanism, and raise awareness of problem gambling.Stanton said that the regulator would most likely contain sports integrity, anti-money laundering and consumer protection units, as well as handling licence applications and enforcing licence conditions.Speaking at a seminar on gambling licensing and regulation on May 15, he said that while the regulator would most likely require significant investment, it would have to be self-financing. He suggested that income from application and licence fees, as well as fines imposed on non-compliant operators, could be used to cover its costs.“Implementing the recommendations in the report offers the best opportunity of a modern and effective approach to the licensing and regulation of a fast growing and evolving gambling industry,” Stanton said of the inter-departmental group’s report.“The proposed comprehensive reform will be of significant impact. Without a new regulatory authority, sufficiently resourced, there is no prospect of progressing modern licensing and regulation.”He admitted that the revised Gambling Control Bill would act as a comprehensive reform of gambling regulations in Ireland, with no pre-existing structures to build on.While Ireland has regulated online gaming since 2015, this was not introduced as part of a broader overhaul of the current regulatory framework, which has been in place since 1956. Aside from lottery-specific regulations, there are no up to date controls for other verticals, and regulation of the sector is currently divided between a number of government departments and agencies.As a stopgap measure, the Gaming and Lotteries (Amendment) Bill 2019 has been introduced.This aims to introduce a number of updates to the 1956 Gaming and Lotteries Amendment Act, including setting maximum gaming machine stakes and prizes at €10 and €750 respectively. It will also formally impose an 18+ age restriction on betting and gaming products, and an improved licensing and permit regime for lotteries.However, these regulations will be superseded by the Gambling Control Bill once it is introduced. The Gaming and Lotteries (Amendment) Bill 2019 was debated in the Seanad Éireann, the upper house of the Irish parliament (Oireachtas) on March 27, and will next be debated section by section, with senators able to propose amendments. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Bingo Subscribe to the iGaming newsletterlast_img read more

July 12

East African Breweries Limited (EABL.tz) HY2009 Presentation

first_imgEast African Breweries Limited (EABL.tz) listed on the Dar es Salaam Stock Exchange under the Beverages sector has released it’s 2009 presentation results for the half year.For more information about East African Breweries Limited (EABL.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the East African Breweries Limited (EABL.tz) company page on AfricanFinancials.Document: East African Breweries Limited (EABL.tz)  2009 presentation results for the half year.Company ProfileEast African Breweries Limited produces and distributes a range of beer and spirit brands and non-alcoholic beverages. Popular brands include Tusker Malt Lager, Tusker Lite, Guinness, Pilsner, White Cap Lager, Allsopps Lager, Balozi Lager, Senator Lager, Bell Lager, Serengeti Premium Lager, Johnnie Walker, Smirnoff, Kenya Cane, Chrome Vodka and Ciroc. East African Breweries has operations in Kenya, Uganda, Tanzania and South Sudan; and exports alcoholic and non-alcoholic beverages to Rwanda, Burundi and the Great Lakes region. Subsidiary companies include Kenya Breweries Limited, Uganda Breweries Limited, East African Breweries (Mauritius) Limited, International Distillers Uganda Limited and East African Maltings (Kenya) Limited. Established in 1922, the group has its headquarters in Ruaraka, near the capital of Nairobi. East African Breweries Limited is listed on the Dar es Salaam Stock Exchangelast_img read more

July 12

Border Timbers Limited 2014 Abridged Report

first_imgBorder Timbers Limited (BRDR.zw) listed on the Zimbabwe Stock Exchange under the Agricultural sector has released it’s 2014 abridged results.For more information about Border Timbers Limited (BRDR.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Border Timbers Limited (BRDR.zw) company page on AfricanFinancials.Document: Border Timbers Limited (BRDR.zw)  2014 abridged results.Company ProfileBorder Timbers is a forestry and sawmilling company in Zimbabwe, with a long history in Manicaland. The company operates five forest estates and three sawmills; with the principal products being pine and eucalyptus. Established in 1979, Border Timbers is the amalgamation of three organisations; Border Eastern Forest Estates, Renfee Timbers (Pvt) Limited and Forestry Management Services. The company is a subsidiary of the Rift Valley Corporation, boasting a plantation size of 47 800 hectares. The forest estates are in Sheba, Charter and Tilbury; with a combined annual output of over 160 000 cubic metres, 95% of that is pine. Rough sawn timber is processed at factories in Mutare, and sold directly to the public. The Paulington Factory manufactures products for the veneer, plywood and blockboard market, and the Nyakamete Factory produces doors, shelves and other timber products for export. Border Timbers is listed on the Zimbabwe Stock Exchangelast_img read more

July 12

Swala Oil and Gas (Tanzania) Plc (SWALA.tz) HY2018 Interim Report

first_imgSwala Oil and Gas (Tanzania) Plc (SWALA.tz) listed on the Dar es Salaam Stock Exchange under the Energy sector has released it’s 2018 interim results for the half year.For more information about Swala Oil and Gas (Tanzania) Plc (SWALA.tz) reports, abridged reports, interim earnings results and earnings presentations, visit the Swala Oil and Gas (Tanzania) Plc (SWALA.tz) company page on AfricanFinancials.Document: Swala Oil and Gas (Tanzania) Plc (SWALA.tz)  2018 interim results for the half year.Company ProfileSwala Oil and Gas (Tanzania) Plc is an oil and gas company with extensive interests in Tanzania and Burundi. Its current exploration operations include the Kilosa-Kilombero license in Tanzania with a 75% participating interest, and Block D in Burundi with a 100% participating interest. Swala Oil is a shareholder of PAE PanAfrican Energy Corporation (“PAEM”); a Mauritius-based company which owns PanAfrican Energy Tanzania Limited (“PAET”). PAET holds the rights granted by the government of Tanzania to explore, develop, market, produce and sell natural gas from the Songo gas fields in Tanzania. This includes rights to managing the associated infrastructure and distribution and marketing agreements with the private sector and state enterprises. Swala Oil and Gas (Tanzania) Plc is listed on the Dar es Salaam Stock Exchangelast_img read more

July 12

Veritas Kapital Assurance Plc (VERITA.ng) Q12019 Interim Report

first_imgVeritas Kapital Assurance Plc (VERITA.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2019 interim results for the first quarter.For more information about Veritas Kapital Assurance Plc (VERITA.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Veritas Kapital Assurance Plc (VERITA.ng) company page on AfricanFinancials.Document: Veritas Kapital Assurance Plc (VERITA.ng)  2019 interim results for the first quarter.Company ProfileVeritas Kapital Assurance Plc is a leading insurance company in Nigeria licensed to cover all classes of non-life insurance products and services. The company was formerly known as Unity Kapital Assurance Plc and incorporated in 1973 as a private liability company under the name Kano State Insurance Company. Non-life insurance products and services offered by Veritas Kapital Assurance Limited includes auto insurance which covers motor third party, fire and theft; home insurance which covers risk of fire, flooding and burglary; aviation insurance which covers hull losses as well as liability for passenger injuries, death, environmental and third-party damage caused by aircraft accidents; marine insurance which covers hull and cargo damage; engineering insurance which covers problems related to production capacity and financial losses; oil and gas insurance which covers all issues related to employees, physical assets, balance sheets and long-term viability; and bond insurance which is a financial guarantee taken out by contractors to indemnify them against any defaults. Veritas Kapital Assurance Plc offers medical insurance and pension fund administration services through its subsidiaries; Health Care Security Limited and FUG Pensions Limited. The company’s head office is in Abuja, Nigeria. Veritas Kapital Assurance Plc is listed on the Nigerian Stock Exchangelast_img read more

June 15

Students protest Chicago school closings

first_imgStudents strike, sit down in hallways.By Becca Tellgren-Leng and Thomas Tellgren-LengChicagoStudents at Harper High School staged a sit-in on Dec. 1, protesting the closing of all four public high schools in the historically Black, working-class neighborhood of Englewood on Chicago’s South Side.The schools are slated to close next June, with a replacement school not set to open until the fall of 2019. The proposed replacement school will be developed under Distinctive Schools, which has ties to Edison Learning. That for-profit charter network has received criticism from communities in San Francisco and Michigan, Delaware and Florida for mistreatment of teachers and their role in penalizing and displacing students.The replacement of public schools with charter schools in Chicago is an attack on unionized teachers in Chicago Teachers Union Local 1. Charter schools are also an attack on students, especially Black and Brown students with disabilities.In the network of Chicago charter schools, where one of the writers of this article worked, the rigid discipline, inflexible learning environment and rejection of restorative justice caused many students, both with and without disabilities, to drop out, transfer, repeat grades or be expelled — all so the school might have a more “rigorous” learning environment.Another South Side school is also in the news. Mollison Elementary, located in Bronzeville, is experiencing an infestation of rodents. A protest at the school broke out the morning of Nov. 30 when a school security guard crushed a Local School Council representative and parent to the ground, sending her to Mercy Hospital in an ambulance.Not only are Chicago schools infested with rats, 113 schools (out of 660 in 2014-15) tested positive for unacceptable levels of lead in the drinking fountain water!Drive to gentrify, privatizeChicago Mayor Rahm Emanuel closed 50 public schools in 2013. These closings affected 46,000 children — the majority of them Black — and were 10 times more likely to target schools that had a majority-Black teaching staff.As members of the Chicago Teachers Union who work in a West Side neighborhood, it is very apparent to us that Emanuel’s latest proposal — motivated by continued gentrification of Chicago’s South Side and the profits that generates — is an attack on Chicago’s Black working-class communities.Activists have been protesting the installation of a $95 million cop training academy in Garfield Park, another historically Black, working-class neighborhood on the West Side of Chicago.Closing public schools and opening police academies are both racist attacks on Chicago’s Black and Brown communities. Instead of working to improve the conditions in schools and fund public resources, Emmanuel and his cronies are bent on policing and privatizing the remaining services available to Chicago’s most oppressed communities.Chicago doesn’t need another racist charter school. We need sustainable community schools equipped with clean drinking water and clean classrooms where students can flourish and learn.FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare thislast_img read more

June 14

Indiana Wants June 20 Cutoff Date for Dicamba Application

first_imgHome Indiana Agriculture News Indiana Wants June 20 Cutoff Date for Dicamba Application SHARE Previous articleUSDA Invests in the Expansion of Rural Education, Health Care AccessNext articleSome Crops Still Stand as Harvest Windows Narrow Andy Eubank By Andy Eubank – Nov 21, 2019 Indiana Wants June 20 Cutoff Date for Dicamba Application SHARE At mid-afternoon Thursday the Indiana State Chemist and Seed Commissioner Robert Waltz announced he will be requesting of EPA an additional label provision for dicamba use next year, specifically that the Indiana label states dicamba herbicide should not be applied after June 20, 2020.Waltz said the number of off-target complaints has continued to rise and the June 20th cutoff is the result of consultation and input from the Indiana Pesticide Review Board and stakeholders in the agriculture industry.Here’s the full Purdue release:The Office of Indiana State Chemist (OISC), the pesticide regulatory agency for Indiana, recently announced an additional label restriction for users of the herbicide dicamba.After careful consideration, State Chemist and Seed Commissioner Robert Waltz has determined his agency will be forwarding FIFRA Sec. 24 (c) special local need registration requests to the United States Environmental Protection Agency (USEPA) for Indiana specific labels for the use of dicamba on soybeans in the 2020 growing season. These state labels will require the following additional provision: Do not apply this product after June 20, 2020.“The number of off-target complaints received by OISC has continued to rise since the introduction of this herbicide technology on soybeans in 2017, and 2019 was no exception. The OISC is taking state action to reduce those numbers,” said Waltz. “This application cutoff restriction was reached after exhaustive complaint incident analysis by OISC over the last three years, as well as consultation and input from the Indiana Pesticide Review Board and stakeholders in the agriculture industry.”In addition to the June 20 application cutoff date, OISC will support Purdue University Extension experts in advising Indiana soybean producers about other available weed control options for the 2020 growing season. Similar application cutoff dates and weed control outreach have already been initiated in other major soybean producing states such as Illinois, South Dakota and Arkansas.“Growers need to be reminded that over reliance on any single weed control option like dicamba, year after year, will lead to premature herbicide resistance,” said Bill Johnson, botany and plant pathology professor and weed scientist.  “Weed scientists from across the country support efforts to reduce the potential for possible adverse effects from off-target movement, but we also want to promote efforts to preserve the usefulness of these valuable herbicide tools for as long as we can.”Source: Purdue News Service Facebook Twitter Facebook Twitterlast_img read more

June 14

Get SCN Soil Testing Done Before Spring Planting

first_img The fall is the best time of year to test for soybean cyst nematodes, but many fields in Indiana were too wet to test. The second-best time to test, though, is in the spring before the crop is planted.SCN is the most damaging soybean pathogen. According to Kaitlyn Bissonnette, a plant pathologist with the SCN Coalition, the most important reason for farmers to run the test is to get a baseline for their SCN egg count.“If you don’t know what your egg count is, you really don’t know what that yield loss really is,” she said. “That yield potential you have could be really high especially if you have really high egg counts, you might be having a lot of yield loss and not even be realizing it because we have yield loss in the absence of symptoms.”Bissonnette says the more farmers know about their egg counts, the more they can manage the number and get a better yield. Testing doesn’t take much time, is simple to conduct, and should be done every couple years.“Oftentimes it’s going out and taking that grid sample for any fertility testing and splitting that sample and sending part of it for fertility testing and the other part for an SCN egg count,” she said. “Or going out and taking zigzag sample in the field and sending that off for SCN counts.”You can send your soil sample to the public lab at Michigan State University. Managing SCN relies primarily on planting resistant varieties, rotating to non-host crops, and seed treatment options.For more information, visit TheSCNCoalition.com. SHARE SHARE By Ashley Davenport – Apr 2, 2020 Get SCN Soil Testing Done Before Spring Planting Home Indiana Agriculture News Get SCN Soil Testing Done Before Spring Planting Facebook Twitter Facebook Twitter Previous articleAg Groups Urge Small Business Administration to Include Ag in Disaster Loan ProgramNext articlePurdue Crop Chat Podcast Episode 3, Your Weed Management Program Ashley Davenportlast_img read more