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Closing Bell TSX ends lower amid strong bank earnings geopolitical worries

TORONTO — The Toronto stock market closed lower Thursday amid rising tensions between Russia and Ukraine and in the face of Canadian bank earnings that beat expectations.Here are the closing numbersTSX — 15,558.17 -44.48 -0.29%S&P 500 —  1,996.74 -3.38 -0.17%Dow — 17,079.57 -42.44 -0.25%Nasdaq — 4,557.69 -11.93 -0.26%The S&P/TSX composite index lost 44.48 points to 15,558.17.CIBC (TSX:CM) posted a quarterly net income of $921 million or $2.26 per share, compared with $878 million, or $2.13 per share, in the same quarter last year. Adjusted earnings were $2.23 a share, two cents ahead of estimates. However, there was some disappointment with results from its domestic retail business and its shares fell $2.28 to $103.23.TD Bank (TSX:TD) says its third-quarter net profit was $2.1 billion, or $1.11 per share, compared with $1.52 billion, or 79 cents per share, in the same quarter last year. Adjusted net income was $2.16 billion, or $1.15 per share, beating estimates of $1.09. Total revenue was $7.5 billion compared with $7.1 billion year over year. TD shares dipped 44 cents to $57.38.Both banks had been very close to 52-week highs before the results came out and the financials sector is still up 11% year to date. “What we’ve grown to recognize with the Canadian banks is that they are excellent operators of their model,” said Brian Belski, chief investment strategist, BMO Capital Markets.“We can nitpick on a cent here or there, I just don’t think that’s the right way to be thinking about this. You have a company that is generating cash and continuing on with their dividends, being prudent in terms of their operations — that’s a company I want to own in my portfolio.”The Canadian dollar was up 0.07 of a cent to 92.19 cents US.U.S. indexes were also lower, despite data showing the American economy turned in a better than expected performance in the second quarter.The latest revision shows gross domestic product grew by 4.2%, versus the original reading of 4%. Economists had generally expected a dip to 3.8%.The showing was a huge improvement from the first quarter, when GDP contracted 2.1%, largely because of severe winter weather. But it also raised another round of speculation that such strong data could force the Federal Reserve to move up its timetable on raising interest rates.The Dow Jones industrials fell 42.44 points to 17,079.57, the Nasdaq lost 11.92 points to 4,557.7 and the S&P 500 index was down 3.38 points to 1,996.74.Caution was the watchword on markets after a top Ukrainian official said that two columns of tanks and military vehicles rolled into southeastern Ukraine from Russia on Thursday after Grad missiles were fired at a border post and Ukraine’s overmatched border guards fled. And a senior NATO official said at least 1,000 Russian troops have poured into the country with sophisticated equipment, leaving no doubt that the Russian military had invaded southeastern Ukraine.Investors looking for safe havens sent gold prices higher with the December contract up $7 to US$1,290.40 an ounce, pushing the gold sector up about 0.8%.Financials led decliners, down 0.8%.There was also weakness in the other resource sectors as the base metals group declined 2.2%, while December copper was five cents lower at US$3.15 a pound.The energy sector gave back 0.11% with October crude 65 cents higher at US$94.53 a barrel.TOP STORIESTD results fail to impress investorsHouse prices keep going up, but they are more affordable thanks to cheap debtHolt Renfrew closing stores in Quebec City and Ottawa to focus on flagship locationsCIBC Q3 good, but may not be good enoughWHAT’S ON DECK FRIDAYECONOMIC NEWSCANADA8:30 a.m.Real GDP (Q2): Economists expect growth of 2.7% Industrial product price index (July): Economists expect decline of 0.2% Raw Materials price index (July): Economists expect decline of 1.8% Fiscal Monitor UNITED STATES8:30 a.m. Personal income and consumption (July): Economists expect 0.3% rise in income, 0.2% rise in consumption9:45 a.m. Chicago PMI: Economists expect a reading of 56.5, up from previous month9:55 a.m. University of Michigan Consumer Sentiment Index (Aug): Economists expect reading of 80 read more

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Ban welcomes proposal for first binding limits on airlines carbon emissions

A statement attributable to the UN chief’s spokesperson said the proposed rules, which would limit carbon emissions and strengthen the efficiency of all new commercial and business airliners after 2028, build on the strong momentum coming from the Paris Agreement and represent the latest in a series of successful multilateral efforts to reduce the risks of dangerous climate change.“Carbon emissions from aviation are growing rapidly, with the number of flights worldwide expected to double in the next 15 years. The ICAO’s new rules come after years of negotiations and are the first time that governments have set emissions standards for the aviation industry,” the statement said.For its part, ICAO said in a press release yesterday that the “eagerly awaited” aircraft carbon dioxide emissions standard was unanimously recommended by the 170 international experts on its Committee on Aviation Environmental Protection, paving the way for its ultimate adoption by the UN agency’s 36-State Governing Council.Under the recommendation, the new standard would be applicable to new aircraft type designs as of 2020, as well as to new deliveries of current in-production aircraft types from 2023. A cut-off date of 2028 for production of aircraft that do not comply with the standard was also recommended.In its current form, the standard acknowledges carbon dioxide reductions arising from a range of possible technology innovations, whether structural, aerodynamic or propulsion-based.ICAO said the proposed global standard is particularly stringent for larger aircraft, since operations of aircraft weighing more than 60 tons account for more than 90 per cent of international aviation emissions. The proposed standard, however, covers the full range of sizes and types of aircraft used in international aviation today.“The goal of this process is ultimately to ensure that when the next generation of aircraft types enter service, there will be guaranteed reductions in international CO2 emissions,” said Olumuyiwa Benard Aliu, President of the ICAO Council.The Montreal-based agency works with 191 Member States and industry groups to reach consensus on international standards, practices and policies for the civil aviation sector. read more

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SpringSummer courses offer flexible learning options near and far

With the towering high-rises of Manhattan nearby, Brock student Tracey Lewis was far from the University’s St. Catharines campus, but she continued to move forward in her studies.Lewis is among the more than 5,000 students each year who take advantage of the University’s wide range of Spring/Summer course offerings. While visiting family in Yonkers, N.Y., two summers ago, the Labour Studies student took a Recreation and Leisure Studies course online, which she said paid dividends during the rest of the year.Labour Studies student Tracey Lewis completed an online Recreation and Leisure Studies course while visiting family in Yonkers, N.Y. Lewis will be completing two more Spring/Summer courses this year.“I was able to take one less course the following semester, which allowed me to focus on other schoolwork. It also gave me a bit more time for some of the leisure activities I had learned about in the summer,” she said.Available to undergraduate students, the University offers nearly 300 accelerated, online, international and in-class courses for those wishing to fulfil degree requirements, explore additional electives, lighten their overall course load or pursue learning experiences they might otherwise miss out on.Anna Lathrop, Brock’s Vice-Provost, Teaching, Learning and Student Success, said Spring/Summer courses allow students to enhance their education in a variety of settings.“Brock’s Spring/Summer course offerings are designed to accommodate students’ needs,” she said. “Whether through condensed timelines for our on-campus students, increased flexibility for those working online, or unique experiences for those taking part in international opportunities, the Spring/Summer terms allow students to make important additions to their Brock experience.”Free parking is also available at Brock’s main campus during the Spring/Summer terms in Zones 1 and 2.Having experienced the convenience of completing an online course from afar, Lewis can now take advantage of some of the other benefits Spring/Summer courses offer as she completes two on-campus Spring classes this year.“It’s not as overwhelming as when you have a full course load,” she said. “The professors are just as helpful as during the year, and it’s cool to hear everyone’s perspectives because Spring/Summer courses often have students from a wider range of programs.”In addition to the Psychology and Indigenous Studies courses that Lewis is taking, other available courses range from Acting for Non-majors, Advanced Analysis of the Hockey Industry, Chemistry in Everyday Life and Advanced Archaeological Fieldwork in Italy.With courses from many Faculties to choose from, Lewis hopes that other students will consider Spring/Summer options.“It’s a great time to focus on one or two courses to help boost your average,” she said. “I loved really digging into a subject and seeing how it applied to my life while also spending time reflecting on how much I enjoyed the learning experience.”A full list of University’s Spring/Summer courses can be found on the Brock website. read more

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Broomes conduct outside of Ministerial code Cabinet yet to address matterHarmon

Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedCabinet officially approves creation of Dept of Energy; Harmon responsible for reporting on its functioning to National AssemblyMarch 9, 2018In “latest news”Rift in police force hierarchy being addressed –HarmonNovember 10, 2016In “latest news”$500,000 house rent: ‘Govt brought me from my home, gotta find a place to put me’-BroomesJuly 6, 2017In “latest news” Minister of State, Joseph HarmonState Minister, Joseph Harmon believes the behaviour of Junior Minister of Natural Resources, Simona Broomes, during an incident in the Massy parking lot in Providence, East Bank Demerara one month ago- where she, her driver, and two security guards were accused of verbally abusing each other- “might be well outside of the document described as ‘Code of Conduct’.”This comment was made on Monday during a Post Cabinet briefing held at the Ministry of the Presidency, when he was probed as to whether Government has addressed the apparent breach of Code of Conduct on the part of the Minister.Nevertheless, Harmon asserted that Broomes has been interviewed regarding the matter.“All Ministers that have been engaged in any matter…there are interviews and consultations done…This has been done,” he said.The State Minister also disclosed that the matter has not yet been formally addressed at the level of Cabinet since according to him, police have been analyzing additional information received.Minister within the Ministry of Natural Resources, Simona Broomes“[There has been] some additional information that surfaced since the last time we spoke…and that information, the police would be analyzing before they [Cabinet] actually bring it back [to the agenda],” he said.It was reported that on July 9, two security officers attached to the Providence, East Bank Demerara (EBD) business were arrested after they were accused of pointing a gun at the Minister during a confrontation.On the day in question, the Minister’s driver stopped at the entrance of the store to access a fast food outlet but was approached by the guards who informed him that he cannot park at the restricted area.This resulted in a heated confrontation among the parties after which the Minister accused the guards of pointing a gun at her.However, CCTV footage told a different story from that which was reported by the Minister.The Minister’s driver was seen in the video turning into the parking lot where the incident occurred and stopped a little distance from the Supermarket.He exited the vehicle which carried the Minister and removed a no parking sign.One of the security guards that noticed his actions and who was armed ventured to the vehicle replacing the sign which was removed.The Minster’s driver exited his vehicle once more and this resulted in a heated exchange between him and the security.Broomes was then seen exiting the vehicle, and angrily pushing two of the no parking signs to the ground before being confronted by the security.The Minister reported her version of the incidents to the police and the two security guards were later that evening arrested and later released on their own recognizance.Just last week, the Director of Public Prosecutions (DPP) has returned the file to the police with no recommendations for charges to be instituted against the parties involved.The police in a release stated that after reviewing the footage and statements taken, the DPP made her decision.Broomes has since refused to issue an apology and when questioned by media operatives of the incident stated “I don’t know what you are talking about”.Nevertheless, her Ministerial colleague Public Health Minister, Volda Lawrence issued an apology to the guards who were locked up for some 16 hours. read more

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Valve releases Source Filmmaker into beta

first_imgEarlier this month we reported that Valve had licensed its Source game engine for use in an animated movie. It made a lot of sense in terms of saving money as the Source engine is a very capable piece of software with the ability to produce movie-quality visuals.Well, it turns out Valve had much bigger plans than just licensing the engine for a single movie project. Today, they have launched into beta a new set of tools for anyone to animate, create high-quality posters, and produce movies with. It’s called the Source Filmmaker.If you’ve played any Source engine Valve games in the past several years then you’ve witnessed some of the cutscenes they include. The animators and filmmakers working at Valve used those pieces of work as a technology test for a storytelling tool they were building within the Source engine. 50 shorts later, that tool has been perfected and is what we will all have the opportunity to use under the name of Source Filmmaker.Valve has decided to open up access to Filmmaker because it realizes gamers want to do more than just play games. They can already create their own levels and add their own gameplay, but with an animation and storytelling toolset they can now surround the game they create with story and progression shorts.The features on offer within Source Filmmaker are pretty impressive. Valve boasts they have the complete toolset of a typical animation studio condensed down on to a single PC. That includes the ability to edit 3D scenes on the fly, modify existing animations, as well as add completely new ones. Once your action is setup, you can light a scene and then position the cameras as you see fit. Then just keep on tweaking until you have the perfect short.It’s not just about character animation, though. Valve has implemented a GPU-accelerated facial animation system so characters can show emotion. On top of that their is a feature-film quality lip-syncing solution, meaning when your actors talk, it’s all going to match up perfectly.As a toolset it certainly has the potential to add a whole new level of detail to what gamers can achieve within Valve’s own games, but also offers an opportunity for budding animators and movie makers to get their hands dirty with a professional toolset completely free.Source Filmmaker has just entered beta and you can sign up for a free invite by following the link below.Read more at Source Filmmakerlast_img read more

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Hidden stories of friendship between Greek and Turkish Cypriots

first_imgBefore nationalism and conflict, from the 1930s to 1950s, many Greek and Turkish Cypriots lived peacefully together.This period in time saw deep friendships formed and strong intercultural practices and traditions present in society, evidenced by people speaking each other’s language, attending each other’s schools, working together, sharing in each other’s celebrations and entering the religious house of the ‘other’. There were even instances of inter-cultural marriage, becoming koumbaroi, and milk mothers – all of which paint a picture of a, once, harmonious and integrated society.On Thursday, Stephanie Elisabeth Jacobs will give further insight into these largely hidden stories of friendship between Greek and Turkish Cypriots in a free open seminar at Melbourne’s Greek Centre as part of the Greek Community of Melbourne’s history and culture series.An Australian government public servant with a professional and academic background in international relations, Jacobs will draw from her research as part of her PhD studies at Flinders University in which she explores the relationships between Greek and Turkish Cypriots from formerly mixed villages of Cyprus.The seminar is being made possible with the sponsorship of H. and M. Asproftas.‘Milk and Honey: The Hidden Stories of Friendship Between Greek and Turkish Cypriots’ will be presented at the Greek Centre (168 Lonsdale St, Melbourne, VIC) on Thursday 31 May at 7.00 pm. Facebook Twitter: @NeosKosmos Instagramlast_img read more

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François Hollande réitère sa volonté de fermer Fessenheim fin 2016

first_imgFrançois Hollande réitère sa volonté de fermer Fessenheim fin 2016En visite à Lille vendredi, François Hollande a réaffirmé son projet de fermer la centrale nucléaire de Fessenheim fin 2016 ou début 2017. Cette étape phare de la transition énergétique rencontre néamoins des obstacles techniques et financiers. Selon Delphine Batho il est bel et bien possible de fermer Fessenheim en quatre ans.Fermera, fermera pas ? Alors que le ministère de l’Écologie avait défendu la sureté de la centrale de Fessenheim dans le Haut-Rhin le 5 octobre dernier, l’Élysée a rappelé vendredi sa volonté de fermer la plus vieille centrale nucléaire de France “fin 2016, début 2017″. Compte tenu des enjeux environnementaux et financiers, une telle entité ne clos pas ses portes du jour au lendemain. À lire aussiLe pied d’éléphant, cette effrayante masse radioactive cachée dans les entrailles de TchernobylDelphine Batho, ministre de l’Écologie et de l’Énergie contactée par l’AFP, a affirmé qu’il était possible de cesser l’activité de Fessenheim en quatre ans. L’autorité de sûreté nucléaire (ASN) a précédemment indiqué qu’une telle opération prendrait plutôt cinq ans.”S’il s’agissait d’un problème de sûreté, nous fermerions tout de suite” Présent à Lille vendredi pour la clôture du congrès des œuvres et organismes sanitaires et sociaux, François Hollande a rappelé que la fermeture de Fessenheim n’était pas due à une question de risques et de vétusté. “C’est un engagement que nous avons pris, ce n’est pas un problème de sûreté, s’il s’agissait d’un problème de sûreté, nous fermerions tout de suite.” Car outre le démantèlement compliqué de la centrale nucléaire, la France va probablement devoir rembourser divers investisseurs suisses et allemands qui détiennent 32,5% de la centrale. Il faudra également légiférer pour justifier de la fermeture d’une centrale sans motif de sécurité et ainsi amorcer la transition énergétique. La construction de la centrale de Fessenheim a débuté en 1970 et cette dernière a été inaugurée en 1978.Le 26 janvier 2013 à 14:24 • Maxime Lambertlast_img read more

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Obama awards Medal of Honor to Afghan war veteran from Spokane

first_imgWASHINGTON — President Barack Obama bestowed nation’s highest military honor, the Medal of Honor, on Army Staff Sgt. Ty Carter on Monday, saluting the veteran of the war in Afghanistan as “the essence of true heroism,” one still engaged in a battle against the lingering emotional fallout of war.Carter risked his life to save an injured soldier, resupply ammunition to his comrades and render first aid during intense fighting in a remote mountain outpost four years ago.Then as an Army specialist, Carter sprinted from his barracks into a ferocious firefight, a day-long battle on Oct. 3, 2009, that killed eight of his fellow soldiers as they tried to defend their outpost — at the bottom of a valley and surrounded by high mountains — from the onslaught of a much larger force of Taliban and local fighters.Carter, 33, is a former Marine who later enlisted in the Army and is currently assigned to the 7th Infantry Division at Joint Base Lewis-McChord in Washington.He grew up in Spokane, and also has received a Purple Heart and many other military medals.”As these soldiers and families will tell you, they’re a family forged in battle, and loss, and love,” Obama said as Carter stood at his side and members of his unit watched in the White House East Room.last_img read more

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Robbers steal over 200K in jewelry from mall store 1 in custody

Robbers steal over 200K in jewelry from mall store 1 in custody

first_img Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. FORT LAUDERDALE, FLA. (WSVN) – A South Florida business owner took matters in his own hands when, he said, robbers barged in and took off with hundreds of thousands of dollars in high-end jewelry, Monday afternoon.Police have taken one person into custody, 25-year-old Devonte Black, in connection to the shopping mall robbery. Police have charged Black with armed robbery and possession of a weapon by a convicted felon. He is being held without bond.Devonte BlackSurveillance cameras rolled as Nouri Hassan threw a chair at one of three perpetrators who, he said, emptied his display cases at his business, located at the Coral Ridge Mall, in Fort Lauderdale. “I threw the chairs to stop him, slow him down,” he said.The footage shows a car pulling up in front of Nouri’s Hallmark Store, just before 5 p.m. Two men are then seen getting out of the vehicle and entering the business.Another captures a terrified woman running out of the store as the thieves take out hammers and start smashing glass. “Smashing the gold showcases, grabbing all the gold and diamonds,” said Hassan.At one point, one of the perpetrators, seen wearing a red hoodie, starts to leave but comes back for more, as a third accomplice, seen wearing a ski hat, comes into the business.And that’s when, Hassan said, he had enough. He is seen throwing a chair at the thieves. “I tried to slow him down, because he said, ‘I have a gun,’” said Hassan. “As soon as he said that, I threw the chair at him.”The thieves took off as quickly as they came in, leaving a trail of broken glass in their wake.Nouri HassanHassan said the crooks took more than $200,000 in gold and diamonds. “I’m just trying to make a living,” he said.Not long after, Fort Lauderdale Police took one person into custody.While the cleanup at his store continues, Hassan said he’s thankful no one was hurt.However, after getting robbed for the second time in two years, the business owner said he may get out of the jewelry business before it costs him more than he’s willing to pay. “These scumbags, I mean, they don’t have — they don’t care if they shoot you, if they kill you for a few hundred dollars,” he said.If you have any information on this robbery or the remaining subjects’ whereabouts, call Broward County Crime Stoppers at 954-493-TIPS. Remember, you can always remain anonymous, and you may be eligible for a $3,000 reward. last_img read more

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Album Of The Year Nominees Revealed 2019 GRAMMY Awards

Album Of The Year Nominees Revealed 2019 GRAMMY Awards

first_img BTSPhoto: Kevin Mazur/Getty Images Who Will Voters Pick For Best Rap Performance? 2019 GRAMMY Awards Red Carpet Who Is Eligible For The Best New Artist GRAMMY? Twitter John BillingsPhoto: Jesse Grant/WireImage/Getty Images 2019 GRAMMY Awards Telecast | Photo Gallery Cardi B, Post Malone Among 2019 GRAMMYs Performers H.E.R.Photo by Prince Williams/Wireimage Who Will Voters Pick For Best Rap Performance? Poll: Who Will Voters Choose For Best Rap Album? Lady GagaPhoto: Christopher Polk/Getty Images Invasion Of Privacy – Cardi BWith the success of her breakout single, “Bodak Yellow,” which earned two GRAMMY nominations for Best Rap Song and Best Rap Performance at the 60th GRAMMY Awards last year, Cardi B set the stage for one of the most anticipated debut rap albums in recent memory. Invasion Of Privacy arrived on April 5, 2018, and showed the Bronx-born and raised rapper had a lot more to show.In June, “I Like It” with J Balvin and Bad Bunny made it to No. 1 on the Billboard Hot 100, making Cardi the first ever female rapper to earn two No. 1 hits. “I Like It” is also nominated for Record Of The Year, “Be Careful” received a nod for Best Rap Performance and Invasion Of Privacy is up for Best Rap Album this year. Tack on Cardi’s nomination alongside Maroon 5 for “Girls Like You” for Best Pop Duo/Group Performance bring her total nominations this year to five.By The Way, I Forgive You – Brandi CarlileSince exploding from the folk music scene into the mainstream in 2007 with her the title track from her sophomore album, The Story, Brandi Carlile has released a string of quality folk/roots albums. Her latest, By The Way, I Forgive You, shows Carlile and longtime writing/singing partners, twins Tim and Phil Hanseroth, in top form. The album’s lead single, “The Joke,” encapsulates the spirit and power of love and forgiveness, two main themes of the album.”I wrote ‘The Joke’ about a reckoning and a revolution and a time that’s coming when we’ll realize that love has already conquered the world and pick it back up,” Carlile told us in July. The album, Carlile’s sixth, yielded the same number of GRAMMY nominations—an impressive six—for the 61st GRAMMY Awards, including Best Americana Album as well as Record Of The Year, Song Of The Year, Best American Roots Song and Best American Roots Performance for “The Joke.”Scorpion – DrakeFrom the very beginning of 2018, chart titan Drake saw a groundswell of buzz for his fifth album, Scorpion. When it finally dropped in late June, the album already had three successful singles: “God’s Plan,” “Nice For What” and “I’m Upset.” Shortly after the album’s release, the album’s fifth single, “In My Feelings,” would climb to put Drake at No. 1 on the Billboard Hot 100 for the third time of year. Simply put, the Canadian rapper spent the better part of the year shattering streaming and chart records, and the ambitious and hit-laden double-disc album Scorpion was well worth the wait for fans. The project was a hit for voters as well, as Drake clocked in with an impressive seven nominations for the 61st GRAMMY Awards.H.E.R. – H.E.R.With her soulful songs and jaw-dropping musicianship only further fueling the mystique of her persona, H.E.R. stepped into the light this year, releasing her widely acclaimed self-titled debut. Apropos of her moniker’s meaning (Having Everything Revealed), H.E.R. showed the world her gift, with a breakthrough performance of “Focus” and “Best Part,” both from her debut LP, at the BET Awards this summer alongside Daniel Caesar. After a string of successful EPs, H.E.R. gave her fans a new, more complete idea of H.E.R.’s musical ability and remarkable potential. In addition to the coveted Album Of The Year nomination, she’s also up for Best New Artist.Beerbongs & Bentleys – Post MaloneNot to be outdone online, Post Malone broke streaming records this year as well by earning the most streams in one week when Beerbongs & Bentleys arrived on April 27. Real name Austin Richard Post, the singer/rapper entered a new stratosphere of popularity with his sophomore album—and he brought many of this friends along for the joyride, as the album includes cameos by the likes of 21 Savage, Ty Dolla Sign, Nicki Minaj, G-Eazy and YG. Post Malone is nominated in a total of four categories at the 61st GRAMMY Awards.Dirty Computer – Janelle MonáeAt the 60th GRAMMY Awards, Janelle Monáe delivered one of the most poignant and powerful speeches in recent memory, calling attention to the #TimesUp movement. Three months later, she made an equally powerful statement with her third studio album, Dirty Computer. With the catchy and bold singles “Make Me Feel,” “Django Jane” and “Pynk” leading the way, Monáe set a new precedent for what it means to make infectious music with a message in 2018.“[Creatives] have the power to create the culture and shape it to what we want it to be,” she told us earlier this year. “And we also have the power to undo the culture if it does not serve us well.”Golden Hour – Kacey MusgravesCountry music might be the platform Kacey Musgraves has chosen for her music, but it certainly is not a constriction for the singer/songwriter. On Golden Hour, Musgraves takes her signature stir-up of crafty lyric turns, progressive social themes and authentic twang to a new level, all while opening herself up more candidly than she has in the past.”This album feels very special and different to me because it feels like my most personal.” Musgraves told us back in July. “I don’t feel like I’ve really let people in on this scale previously.”Black Panther: The Album, Music From And Inspired By – Various ArtistsMusic has always played a key integral role in film, but for this year’s transcendent blockbuster “Black Panther,” the soundtrack took on a life of its own. Led by the Kendrick Lamar and SZA hit “All The Stars,” which earned four nominations of its own including Record Of The Year, Song Of The Year and Best Rap/Sung Performance, Black Panther: The Album, Music From And Inspired By looks to make history as just the third ever movie soundtrack to win Album Of The Year, joining the soundtracks for Saturday Night Fever at the 21st GRAMMY Awards, The Bodyguard at the 36th GRAMMY Awards and, most recently, O Brother, Where Art Thou? at the 44th GRAMMY Awards. TLC Photo: Alison Buck/Getty Images 61st GRAMMY Awards: Full Nominees & Winners List Who’s Nominated For Song Of The Year? https://twitter.com/RecordingAcad/status/1071034971920457728 BTSPhoto: Kevin Mazur/Getty Images Brandi Carlile, H.E.R. To Play The 61st GRAMMYs Photo: Michael Loccisano/Getty Images 2019 GRAMMY Awards Premiere Ceremony Who Will Voters Pick For Best Latin Pop Album? 2019 GRAMMY Awards Red Carpet Amy Winehouse Best New Artist winner for 2007 | Photo: Peter Macdiarmid/Getty Images Email Who Is Eligible For The Best New Artist GRAMMY? TLC Photo: Alison Buck/Getty Images Albums by Cardi B, Brandi Carlile, Drake, H.E.R., Post Malone, Janelle Monáe, Kacey Musgraves, and music from and inspired by ‘Black Panther’ receive nominations.Nate HertweckGRAMMYs Dec 7, 2018 – 5:33 am The 2019 GRAMMYs are just around the corner, and now the nominations are in for the coveted honor of Album Of The Year. While we’ll have to wait until the 61st GRAMMY Awards air on CBS on Feb. 10 to find out who will win, let’s take a look at which albums have been nominated for one of the most anticipated GRAMMY Awards each year. Photo: Michael Loccisano/Getty Images Cardi BPhoto: Dan MacMedan/WireImage BTSPhoto: Kevin Mazur/Getty Images 61st GRAMMY Awards Photo: Michael Loccisano/Getty Images Relive GRAMMY Week 2019 In Pictures Album Of The Year Nominees | 61st GRAMMY Awards Relive GRAMMY Week 2019 In Pictures TLC Photo: Alison Buck/Getty Images Who Will Voters Pick For Best Latin Pop Album? Who’s Nominated For Song Of The Year? Who Will Voters Pick For Best Rap Performance? 5 Ways BTS Won Our Hearts At The 2019 GRAMMYs Who Will Voters Choose For Best Alternative Album? Photo: studioEAST/Getty Images Album Of The Year Nominees Revealed | 2019 GRAMMY Awards Poll: Who Do You Want To See On The Red Carpet? Meet The GRAMMY Man: How GRAMMYs Are Made Brandi Carlile, H.E.R. To Play The 61st GRAMMYs 5 Ways BTS Won Our Hearts At The 2019 GRAMMYs Who Is Eligible For The Best New Artist GRAMMY? 2019 GRAMMY Awards Premiere Ceremony 2019 GRAMMY Awards Red Carpet John BillingsPhoto: Jesse Grant/WireImage/Getty Images Lady GagaPhoto: Christopher Polk/Getty Images News Album Of The Year vs. Record Of The Year Explained Album Of The Year Nominees | 61st GRAMMY Awards Meet The GRAMMY Man: How GRAMMYs Are Made Backstage At The 2019 GRAMMYs | Photo Gallerycenter_img Backstage At The 2019 GRAMMYs | Photo Gallery H.E.R.Photo by Prince Williams/Wireimage Poll: Who Will Voters Choose For Best Rap Album? 2019 GRAMMY Awards Telecast | Photo Gallery Kacey MusgravesPhoto: Kevin Mazur/Getty Images Album Of The Year vs. Record Of The Year Explained Facebook 2019 GRAMMY Awards Telecast | Photo Gallery Cardi BPhoto: Dan MacMedan/WireImage Amy Winehouse Best New Artist winner for 2007 | Photo: Peter Macdiarmid/Getty Images Photo: studioEAST/Getty Images Meet The GRAMMY Man: How GRAMMYs Are Made Artists React To Their 2019 GRAMMY Nominations Backstage At The 2019 GRAMMYs | Photo Gallery Who Will Voters Pick For Best Pop Album? Kacey MusgravesPhoto: Kevin Mazur/Getty Images Cardi BPhoto: Dan MacMedan/WireImage Record Of The Year 61st GRAMMY Award Nominees Artists React To Their 2019 GRAMMY Nominations Poll: Who Do You Want To See On The Red Carpet? Artists React To Their 2019 GRAMMY Nominations Who Will Voters Choose For Best Alternative Album? 61st GRAMMY Awards: Full Nominees & Winners List Amy Winehouse Best New Artist winner for 2007 | Photo: Peter Macdiarmid/Getty Images 61st GRAMMYs: Here’s Your Apple Music Playlist Who’s Nominated For Song Of The Year? Cardi B, Post Malone Among 2019 GRAMMYs Performers 2019 GRAMMY Awards Premiere Ceremony Read more Cardi B, Post Malone Among 2019 GRAMMYs Performers Poll: Who Will Voters Choose For Best Rap Album? 5 Ways BTS Won Our Hearts At The 2019 GRAMMYs Kacey MusgravesPhoto: Kevin Mazur/Getty Images Record Of The Year 61st GRAMMY Award Nominees Brandi Carlile, H.E.R. To Play The 61st GRAMMYs Record Of The Year 61st GRAMMY Award Nominees Lady GagaPhoto: Christopher Polk/Getty Images Best New Artist Nominees Revealed | 61st GRAMMYs Who Will Voters Choose For Best Alternative Album? Album Of The Year vs. Record Of The Year Explained Who Will Voters Pick For Best Pop Album? 61st GRAMMY Awards: Full Nominees & Winners List Album Of The Year Nominees | 61st GRAMMY Awards Best New Artist Nominees Revealed | 61st GRAMMYs Who Will Voters Pick For Best Pop Album? 61st GRAMMYs: Here’s Your Apple Music Playlist Album Of The Year Nominees | 61st GRAMMY Awards album-year-nominees-revealed-2019-grammy-awards-nominations Who Will Voters Pick For Best Latin Pop Album? Best New Artist Nominees Revealed | 61st GRAMMYs H.E.R.Photo by Prince Williams/Wireimage Relive GRAMMY Week 2019 In Pictures Prev Next Poll: Who Do You Want To See On The Red Carpet? 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JayZ Nina Simone Cyndi Lauper Among National Recording Registry Inductees

JayZ Nina Simone Cyndi Lauper Among National Recording Registry Inductees

first_imgThe Library of Congress has revealed this year’s class of recordings to be preserved for their “cultural, historic and aesthetic importance to the nation’s recorded sound heritage”Nate HertweckGRAMMYs Mar 20, 2019 – 12:44 pm What do Curtis Mayfield, Nina Simone, Cab Calloway, Cyndi Lauper, Ritchie Valens, Neil Diamond and Jay-Z all have in common? These artists are all among this year’s class of inductees to the Library Of Congress’ National Recording Registry, an honor bestowed upon 25 recordings each year deemed to “culturally, historically, or aesthetically significant.” Twitter Jay-Z, Nina Simone, Cyndi Lauper Among National Recording Registry Inductees From Valens’ groundbreaking and GRAMMY-nominated 1958 hit “La Bamba” to Earth, Wind & Fire’s 1978 groove classic “September” to Jay-Z’s 2001 hip-hop masterpiece album The Blueprint, this year’s selections span multiple eras and genres. In addition to the musical selections, spoken-word recording such as Robert F. Kennedy’s 1968 speech on the death of Dr. Martin Luther King, Jr., are also represented.Other highlights include the1931 single “Minnie the Moocher” by Calloway, who was honored with the GRAMMY Lifetime Achievement Award in 2008, Simone’s 1964 single “Mississippi Goddam,” Diamond’s 1969 single “Sweet Caroline,” Mayfield’s 1972 soundtrack album Super Fly, which was nominated for the GRAMMY for Best Original Score Written For A Motion Picture Or A Television Special, and Lauper’s 1983 album She’s So Unusual, which was nominated for Album Of The Year.”I’m really honored that ‘She’s So Unusual’ is being recognized as being one of the nation’s audio treasures worthy of lifetime preservation,” Lauper said in a statement. “I was really determined to make a cohesive collection of songs and really determined to make sure all typed of women were represented in the ‘Girls…’ video. I had this very strong vision of how I wanted to put the music together. If this is going to be my thing, and if this is the only time I ever get to open my mouth and sing, I want it to be great.”The diverse group of inductees also includes a 1952 episode of the western radio drama “Gunsmoke,” Lefty Frizzell’s 1959 recording of “Long Black Veil,” the original Broadway cast recording of “Hair” from 1968, and the 1996-released “Schoolhouse Rock!: The Box Set,” and more.  Recordings must be at least 10 years old to be eligible, and selections are made advice from the Library’s National Recording Preservation Board. The registry now holds a total of 525 titles dating back to the instatement of the National Recording Preservation act of 2000.”The National Recording Registry honors the music that enriches our souls, the voices that tell our stories and the sounds that mirror our lives” said Librarian of Congress Carla Hayden. “The influence of recorded sound over its nearly 160-year history has been profound and technology has increased its reach and significance exponentially. The Library of Congress and its many collaborators are working to preserve these sounds and moments in time, which reflect our past, present and future.”Recordings representing Native-American and African-American cultures were also among the selections. Melville Jacobs collection of recordings of Native Americans of the American Northwest (1929-1939) documented 23 different separate tribal languages and have been used to revive these vanishing native dialects.   Details on the Library of Congress National Recording Preservation Board, including a full list of the 25 recording inducted, information on how to nominate for the 2019 Recording Registry and even how to listen to registry titles, is available at the NRPB’s website.Jenny Lewis Raises Money For Women’s Center During Live Album Listening PartyRead more Facebook Email https://twitter.com/librarycongress/status/1108269552893349888 News Jay-Z Among National Recording Registry Inductees jay-z-nina-simone-cyndi-lauper-among-national-recording-registry-inducteeslast_img read more

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ARREST LOG Wilmington Police Make 2 Arrests Issue 2 Summonses

ARREST LOG Wilmington Police Make 2 Arrests Issue 2 Summonses

first_imgWILMINGTON, MA — According to Wilmington Police Logs, Wilmington Police issued the following arrests and summonses between September 27, 2018 and October 3, 2018:Thursday, September 27Arthur S. Boulas (28, Woburn) was issued a summons for Operating A Motor Vehicle with a Suspended or Revoked Registration, Uninsured Motor Vehicle, and No/Expired Inspection Sticker.Friday, September 28Eric Creekmore (36, Wilmington) was arrested on 2 warrants and for Possession of a Class A Drug. (8:53am)Saturday, September 29NoneSunday, September 30NoneMonday, October 1James L. Colozzi (50, Wilmington) was arrested on a warrant.Yusef H. Bhatti (27, Wilmington) was issued a summons for Uninsured Motor Vehicle and Operating A Motor Vehicle With A Revoked Or Suspended Registration. (8:03pm)Tuesday, October 2NoneWednesday, October 3None(DISCLAIMER: This information is public information.  An arrest does not constitute a conviction.  Any arrested person is innocent until proven guilty.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedARREST LOG: Wilmington Police Make 3 Arrests & Issue 4 SummonsesIn “Police Log”ARREST LOG: Wilmington Police Make 5 Arrests & Issue 4 SummonsesIn “Police Log”ARREST LOG: Wilmington Police Make 1 Arrest & Issue 2 SummonsesIn “Police Log”last_img read more

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Infosys posts 98 growth in net profit in Q2

first_imgGlobal software major Infosys Ltd on Monday reported net profit of Rs.3,398 crore for second quarter (July-September) of this fiscal (2015-16), registering 9.8% growth year-on-year (YoY) and 12% sequentially.In a regulatory filing to the Bombay Stock Exchange (BSE), the IT major said consolidated revenue for quarter (Q2) review grew 17.2% YoY and 8.9% sequentially to Rs.15,635 crore under the Indian accounting standard.Under the International Financial Reporting Standard (IFRS), net income increased 1.6% YoY and 9% to $519 million and gross revenue 8.9% YoY and 6% sequentially to $2,392 million ($2.4 billion).last_img

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Japan Abomb survivors hail ICAN Nobel win

Japan Abomb survivors hail ICAN Nobel win
first_imgThree Japanese survivors of the atomic bomb (front 2nd L, 2nd R and R) pose with their supporters to congratulate ICAN on winning this year`s Nobel Peace Prize, in Tokyo on 6 October, 2017. Photo: AFPSurvivors of the World War II atomic bombing of Hiroshima and Nagasaki on Friday congratulated ICAN on winning this year’s Nobel Peace Prize, vowing to work together with the disarmament group to achieve a nuclear-free world.”I’m delighted that ICAN, which has taken action to abolish nuclear weapons like us, won the Nobel Peace Prize,” Sunao Tsuboi, who suffered serious burns in the blast and subsequently developed cancer, said in a statement, according to public broadcaster NHK.”I want to offer my warmest congratulations,” said the long-time Hiroshima campaigner for nuclear disarmament.”Together with ICAN and many other people, we ‘Hibakusha’ will continue to seek a world without nuclear weapons as long as our lives last,” the 92-year-old said.Tsuboi was among a handful of Hiroshima survivors who met then US president Barack Obama during his historic visit to the city last year.”We want to take great delight as it helped build up a treaty banning nuclear weapons,” Shigemitsu Tanaka, a Nagasaki survivor, told reporters.”We want to work together so that the nuclear disarmament treaty can be signed as soon as possible,” said Tanaka, head of the Nagasaki Atomic Bomb Survivors Council.Ageing survivors of the atomic bombing of the two Japanese cities have long spearheaded an anti-nuclear campaign, visiting the UN and other international conferences to narrate the horror of the tragedies.On August 6, 1945 the United States dropped an atomic bomb on the southern Japanese city of Hiroshima, killing 140,000 people, according to estimates.Three days later, a second bomb devastated Nagasaki, killing an estimated 74,000 people. Japan surrendered shortly afterwards, bringing World War II to an end.last_img
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For a healthier body mind and soul

For a healthier body mind and soul

first_img“I woke up and I had a big ideaTo buy a new soul at the start of every yearI paid up and it cost me pretty dearHere’s a hymn to those that disappear…”If you too do feel that you’ve lost a part of your soul, fret not, there is hope and there are ways of recovering that lost self. At a recently held session on healing therapies in the Capital at The Imperial, healers from various parts of the country came by to discuss and share their methods with Delhiites. Also Read – Add new books to your shelfBaani from Tathaastu says, “There are times when one feels as though they have lost a part of their soul, it can happen for any given reason – harsh words from a friend, or some traumatic incident – which may lead a piece of one’s soul to break away from the body. You can realise it later when you notice that you are not the same person anymore, as you don’t like certain things the way you used to. Among all healings techniques, Soul Retrieval is the one which helps us bring pieces of one’s soul back.” Modern Science works on proofs and facts while spiritual healing works through belief. Says Baani, “The process works faster and better when one believes in it. If one is resistant to the idea, it takes more time than usual to heal someone.” Also Read – Over 2 hours screen time daily will make your kids impulsiveEven if you are sceptical about spiritual healing because of the unexplained facets of the procedure, Almas Lokhandwala had her arena set up with the Himalayan singing bowls, ready to talk about how sound vibrations can heal even one’s tumours! To give her visitors a feel of it, she strikes the edge of the largest bowl with a mallet creating a soft ‘aum’ sound that lingers on for a minute. Sound therapy causes the sound vibrations to relax one and help concentrate in meditation. “When we are nourished with sound, the cells in our body start vibrating and reorganising themselves into a state of well being. The rich sonic vibrations of the Himalayan Singing Bowls alter space mind and time,” explained Almas Lokhandwala. With increasing cases of illness in people, and helpless modern medicines, many choose to try out or walk the path of spiritual healing.last_img read more

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Four fishermen arrested for shark finning off southern coast

first_imgNo related posts. Coast Guard officials on Tuesday arrested four Costa Rican men and confiscated 122 fins from 30 sharks after intercepting a Costa Rican fishing vessel off the southern coast near Punta Blanco, at the mouth of Golfo Dulce, the daily La Nación reported.The men arrested were identified by the last names Calvo (the captain), 21, Castillo, 28, Brenes, 18, and a 16-year-old. Coast Guard Director Martin Arias told La Nación the men were processed and released. The boat remains in the custody of the Coast Guard.When authorities searched the boat they found fins inside freezers, already cut from the animals, which were likely thrown back into the water. Another 1,200 kilos of other fish produce was seized.La Nación reported that the boat’s fishing license expired over a month ago, and the boat’s crew wasn’t registered by the Golfito harbor master. The ship’s captain said other crew members who were registered were too drunk to work.This is the second arrest of shark finners in the past 15 days in the southern Pacific. On June 11, the Coast Guard intercepted another boat transporting 58 fins without the shark’s bodies attached, as the law requires. Costa Rica’s fishing law calls for six months to two years in prison for landing sharks without the fins attached. Facebook Commentslast_img read more

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FourthQuarter Earnings Down at Goldman Sachs

FourthQuarter Earnings Down at Goldman Sachs

first_img in Daily Dose, Data, Headlines, News Share Results were mixed for some of the nation’s biggest banks when they released earnings statements earlier in the week: Citigroup and Bank of America both reported net income losses, while JPMorgan Chase and Wells Fargo reported gains.New York-based investment bank Goldman Sachs reported a slight year-over-year decline in Q4 2014 net earnings, but for the whole year of 2014 the firm reported a slight uptick from 2013, according to the firm’s Q4 and year-end earnings statement released on Friday.Goldman Sachs’s net earnings for 2014 were $8.48 billion on $34.53 billion in revenues, compared to a net income of $8 on $34.21 billion in revenues for all of 2013. Diluted earnings per share rose from $15.46 in 2013 to $17.07 in 2014. The firm was first worldwide in announced and completed mergers and acquisitions for 2014, having advised on announced transactions valued at a combined $1 trillion. Net revenues on investment banking for 2014 totaled $6.46 billion, the second-highest annual total in the firm’s history and an increase from $6.0 billion for 2013.”We are pleased with our performance during a year characterized by mixed global economic and financial conditions,” said Lloyd C. Blankfein, Chairman and CEO. “The depth of our global client franchise and our continued discipline on expenses and capital management produced a solid return for our shareholders. Looking ahead, we see evidence of a continued pick up in momentum for the global economy that will improve the opportunity set for 2015.”For Q4 2014, Goldman Sachs reported a net income of $2.17 billion on $7.69 billion in revenues, down slightly from the net earnings of $2.33 billion on $8.78 in revenues for the same quarter a year earlier.For Fixed Income, Currency and Commodities Client Execution, Goldman Sachs reported net revenues of $8.46 billion for 2014, a 2 percent decrease from 2013. The minor decline can be attributed to slightly lower net revenues in interest rate products and mortgages, combined with significantly lower rates for credit products, offset by higher rates in both commodities and currency (significantly higher in the case of commodities). Credit products, interest rate products, and mortgages experienced generally low levels of activity in 2014 due to economic uncertainty. January 16, 2015 495 Views center_img Goldman Sachs Profits Quarterly Earnings 2015-01-16 Seth Welborn Fourth-Quarter Earnings Down at Goldman Sachslast_img read more

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Spehar to meet Akinci on Wednesday

Spehar to meet Akinci on Wednesday

first_imgUN Secretary-General’s Deputy Special Advisor in Cyprus Elizabeth Spehar will have a meeting with Turkish Cypriot leader Mustafa Akinci, on Wednesday morning, the United Nations has confirmed.Unficyp spokesman Aleem Siddique confirmed that Spehar would be meeting the Turkish Cypriot leader at 11 am.”Spehar, who met on Tuesday with President Nicos Anastasiades is trying to facilitate a social dinner between the two leaders who have not met since the talks collapsed in Switzerland last July.You May LikeTravel PatriotA Peek Inside Taylor Swift’s New $40M Luxury RideTravel PatriotUndoFood PreventHow To Cleanse Your Liver With Raisins and WaterFood PreventUndoWalk In Tubs | Search AdsCurrent Walk In Tub Prices May Surprise YouWalk In Tubs | Search AdsUndo LED-lighting the way by 2020UndoBritain preparing for a no-deal BrexitUndoModi versus Wild: Indian PM to join Bear Grylls in wildernessUndoby Taboolaby Taboolalast_img read more

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Bilateral military agreement signed with UK

Bilateral military agreement signed with UK

first_imgA programme for bilateral military cooperation was signed on Friday during a meeting in Nicosia between Defence Minister Savvas Angelides and British Minister of State for Armed Forces Mark Lancaster.According to an announcement, Angelides and Lancaster discussed issues of bilateral cooperation in the field of security and defence, and the security situation in the broader region of the Middle East.They furthermore reaffirmed their will to continue and further enhance cooperation in defence matters.The signing of the Bilateral Defence Co-operation Programme (BDCP) 2018-2019 reflects the will of Cyprus and the UK to further upgrade relations in the sector of security and defence, the announcement said.This is the third successive year that the BDCP between the two countries has been renewed.Co-operation between the UK and Cyprus in defence and security matters includes information-sharing, and joint activity on counter terrorism, crisis response, maritime security, search and rescue and illegal migration.Lancaster had said that Cyprus and the UK share similar security concerns in the region. “Cyprus is uniquely well-placed as a beacon of stability in the Eastern Mediterranean to help its allies and partners understand better regional dynamics.”He also said the Cyprus government had been supportive of Britain’s use of the bases for military and humanitarian operations in Iraq and in Syria and pointed out that UK military from the bases also worked closely with Cyprus on many domestic and regional challenges, from mutual assistance with forest fires and large-scale participation in Cyprus’ biggest civilian-military exercise Argonaut.The British official arrived in Cyprus on Friday for a two day visit to underline the deepening defence relationship between the UK and Cyprus.The minister was to also visit bases (SBA) to review operations and meet British military personnel on the island including those with the UN Peacekeeping Force in Cyprus (Unficyp).During his visit to the British bases, Lancaster will be briefed on efforts to counter the illegal trapping of birds within the SBAs. Enhanced efforts to counter bird trapping has resulted in an estimated 72 per cent reduction in the number of bird deaths within the base area in last year’s autumn migration compared to the previous year.Lancaster’s visit follows that of the Defence Minister Gavin Williamson to Cyprus in March 2018. Angelides has also been invited to make a return visit to the UK in autumn 2018.You May LikeTotal Restore SupplementUS Cardiologist: It’s Like a Pressure Wash for Your InsidesTotal Restore SupplementUndoTymoutFather & Son Discover Treasure Worth $1 Million! | tymout.comTymoutUndoStairlift | Search AdsStairLift Elevators Could Be A Dream Come True For SeniorsStairlift | Search AdsUndo Two days of music to dance toUndoLicences for ENI and Total to explore block sevenUndoLED-lighting the way by 2020Undoby Taboolaby Taboolalast_img read more

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Altamira deal signed at gunpoint former Coop nonexec says

Altamira deal signed at gunpoint former Coop nonexec says

first_imgFormer Co-op board member Adonis Pegasiou on Tuesday told an investigative committee that the bank’s decision to enter an agreement with Spain’s Altamira was taken “at gunpoint”.“The position of the management was that we should go ahead immediately with direct negotiations with Altamira because of the tight time margins that existed,” he said. He added it was an example of bad governance to decide on important issues “at gunpoint”.Pegasiou, the second witness to testify at the committee probing the collapse of the Cyprus Co-operative Bank on Tuesday, said he disagreed with the proposal to quickly enter direct negotiations with Altamira to set up a non-performing loans management platform, tabled at a board meeting on December 28, 2016, and based on a study prepared by Blackrock.The appointment of the bank’s chairman as chief executive officer (CEO) distorted governance, he said.He also said that he disagreed with the bank’s decision to restructure the loan of an elected official, a matter that the supervisory authorities were aware of, he said, and disputed the “business rational” of the restructuring.The state-owned bank, the former board member continued, could not restructure loans of elected state officials. He agreed to disclose the name of the official in writing when asked to do so by the committee.Pegasiou, who largely confirmed the version of events described on Monday by former chairman Christakis Taoushanis with respect to the deal with Altamira, said the arguments supporting the management’s proposal to enter talks with Altamira was that it would offer the Co-op a first movement advantage rendering it market leader.Taoushanis said on Monday that the bank had failed to explore alternatives to Altamira, whereas Hellenic Bank had entered talks with 40 parties.While Pegasiou initially accepted this argument, when Hellenic Bank announced days later its agreement with the Prague-based APS Holdings to set up a similar platform to manage Hellenic’s bad loans, the situation had changed and he asked the board in a letter on January 19, 2017 to reconsider the initial decision, he said.That letter in which he proposed the preparation of an alternative plan, including cooperating with the Hellenic-APS joint venture in case of failure in the negotiations with Altamira sparked “unprecedented criticism, negativity and derogatory behaviour,” which he had to face at a board meeting 13 days later, he continued. A non-binding agreement with Altamira signed in June or July 2016 gave the Spanish company an advantage via access to the Co-op’s data.Those who objected to the Altamira deal, i.e. himself, Taoushanis and Susanna Poyiadji who testified earlier on Tuesday, got the worst evaluation, Pegasiou said adding that Nicholas Hadjiyiannis, the bank’s CEO, was in favour.When in early May last year he was asked by representatives of the European Central Bank (ECB) and the Central Bank of Cyprus about the reasons the Co-op went ahead with Altamira in a non-transparent procedure he invoked the tight time margins in order not to expose internal disagreements, Pegasiou continued. Supervisory authorities also criticised selection of managers following the merger of the 18 independent saving banks administered by the former Central Cooperative Bank, to form the Cyprus Cooperative Bank last year, on the grounds that those persons did not fulfil requirements.Lastly, Thanasis Stavrou, also a former independent board member who served from 2013 to 2015 and chairman of the risk management committee, said he had resigned for personal reasons.“There was lack of action and appetite for important changes,” which could increase the bank’s value ahead of its initially intended privatisation, while the Co-op lacked experienced people to implement a restructuring plan, Stavrou said.You May LikeLifestyle A2ZCivil War Photographs Captured That Show A Different Side Of WarLifestyle A2ZUndogetsinsideThe Most Luxurious Hotels Around The World | Gets Inside:: Explore The World!getsinsideUndoThePhotoStickThe Easiest Way To Keep Your Photos & Videos SafeThePhotoStickUndo British woman who claimed gang-rape taken to courtUndoClear winner in first round of Kition bishop voteUndoGreek Prime Minister in Cyprus for official visitUndoby Taboolaby Taboolalast_img read more

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