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Showing posts from January, 2020

Senate close to rejecting Trump impeachment trial witnesses as Murkowski says ‘no’

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President Donald Trump’s impeachment trial on Friday appeared on track for a speedy conclusion, following an announcement by Sen. Lisa Murkowski that she would vote against including new witnesses and documents in the proceedings.Senators reconvened Friday afternoon and were scheduled to debate calling witnesses for four hours, setting up a late-afternoon or early-evening vote on the measure. The announcement by Alaska Republican Murkowski followed a similar Thursday-night decision by her GOP colleague Lamar Alexander of Tennessee.It’s unclear when separate votes would come on the two articles of impeachment against Trump, but the trial could wrap up as early as Friday evening or Saturday morning. However, Republican officials are also discussing postponing the final verdict until next week, the New York Times reported.Democrats say Trump abused his power by withholding aid to Ukraine in an effort to get that country to investigate Democratic presidential contender Joe Biden. They als…

Singapore manufacturers more upbeat but services sector turns bearish: Surveys

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SINGAPORE – Manufacturers, led by those in the semiconductor industry, expect business conditions to improve in the first half of this year outnumbering those who hold a softer outlook, according to the latest quarterly survey by the Economic Development Board (EDB).The electronics cluster was the most optimistic, with a net weighted balance of 23 per cent expecting an improved operating environment.“The positive outlook is largely attributed to the semiconductors segment which expects demand to improve, on the back of the roll-out of 5G technology, as well as expectations that the US-China trade conflict is unlikely to deteriorate further,” according to an EDB press release on Friday (Jan 31).A weighted 19 per cent of the manufacturers anticipate better conditions, while only seven per cent expect business to worsen.Overall, this equates to a net weighted balance of 12 per cent of manufacturers predicting an improvement for the first six months of 2020.This contrasts with the net wei…

ISignthis books big revenue jump as ASX 'damages' accrue

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ISignthis has booked a massive increase in revenue for the December quarter despite noting a "commercial dispute" with the ASX had slowed the company's growth and impacted its earnings.The company, which provides customer verification and payment services to clients such as contracts for difference (CFD) providers, reported fourth quarter revenue had increased 79 per cent to $15.35 million.iSignthis chief executive John Karantzis noted the result was achieved “in an environment laden with external distractions”.The billion dollar tech stock also confirmed it has recorded its first profitable year of operations. Cash receipts from operations rose 88 per cent to $15.7 million, according to the ASX filing.ISignthis said it continues to grow without the need for capital funding but cautioned that fourth-quarter costs were "higher than expected" without providing further details.The company provided limited commentary with the announcement but said its damages claim…

Cheap wine leaves Treasury shareholders with a pounding headache

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There is no longer a sizeable chunk of short sellers left on the register of Treasury Wine, but those with the stomach to hold their course have finally been rewarded.Many of these contrarians who raised red flags about Treasury in 2019 got it right for the wrong reasons.That said, a win is still a win.The timing of Treasury’s profit warning shocked many in the investment community.Credit:Justin McManusThe shorts had been warning investors variously that Treasury’s accounts were less than reliable on the basis of the company’s alleged use of acquisition accounting and concerns about excess hidden inventory – a practice known in the industry as ‘channel stuffing’.Turns out that Treasury’s accounts were not the problem. Its American operations were.Because of its woes in the US, the promise of 15 to 20 per cent growth in the 2020 financial year received a severe haircut, with earnings now expected to grow between just five and 10 per cent.Investors received a nasty dose of sticker shock…

Wall Street tumbles as China virus fuels economic worry

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NEW YORK (REUTERS) – US stocks suffered their worst day in over three months on Monday (Jan 27) as China extended the Lunar New Year holiday due to a virus outbreak, fuelling worries about the economic impact of containment efforts in the world’s second largest economy.The benchmark S&P 500 suffered its worst weekly performance since September last week as China locked down several cities and curbed travel, reminding investors of the deadly Sars virus that killed nearly 800 people in 2002-03 and cost the global economy billions.Still, some investors viewed any long-term economic impact as unlikely, given past experiences with viral outbreaks.“This whole thing is way overblown,” said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.“It seems to me the Chinese are doing a much better job of containing it than with Sars and what did Sars ultimately lead to? Did it lead to some sort of economic catastrophe – no.”After the 2003 Sars(Severe Acute Respirator…

Valaris settles with Luminus, hands board seat to hedge fund

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BOSTON (Reuters) – Oil drilling firm Valaris PLC reached a settlement with Luminus Management and said on Monday that it has appointed one of the hedge fund’s partners to its board.Luminus’ Adam Weitzman, an expert in offshore oil drilling who has experience in debt and equity capital markets and risk management, will join Valaris’ 11-member board as a 12th director, the company said.The New York-based hedge fund, which owns roughly 18.7% of Valaris’ shares, promised to hold on to a certain number of shares in order to keep the board seat and to support Valaris’ slate at this year’s annual meeting.“Luminus applauds Valaris’ recent moves to augment the Board, and we are pleased to have reached a comprehensive agreement with Valaris,” Weitzman said in a statement.The announcement comes roughly two months after tensions appeared to mount between the two sides. In late November Luminus, which had increased its ownership stake from 4.5%, said it planned to call a special shareholder meetin…

Fendi, Berluti sign Madison Avenue leases, easing Vornado slump

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Staggered by the imminent Barneys shutdown and recent closings of many smaller boutiques, Midtown’s fanciest shopping zone — at least part of it — is getting a sudden burst of urgently needed energy.Both Fendi and Berluti have signed retail leases at Vornado’s 595 Madison Ave. at 57th Street, The Post has learned. The Art Deco-style Fuller Building’s prime corner is exactly where Coach abruptly closed a longtime store there, as The Post reported last week.The new, luxury emporiums will fill most of the depressingly dark storefront space at 595 Madison. A source said one more lease will soon be completed at the address as well.They’re the latest coup in the fashionable, gilded neighborhood for Vornado, which has struggled with the nation- and city-wide retail shakeout like every other large landlord.As The Post earlier reported, high-fashion line Balmain and Japanese streetwear chain Bape also recently signed leases two blocks north at 650 Madison Ave., where they’ll soon join recently…

Property for sale? Do not take an estate agent’s word when they tell you this

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When selling a property, homeowners will want to make sure the process is as easy as possible. An estate agent can give help on when to sell a property and how to get the best possible price. However, they will sometimes offer advice sellers should watch out for, according to an expert.READ MOREProperty for sale: Boost value of home by £23,000 with cheap changesWhile many estate agents will do their best to get homeowners a good deal, this is not always the case.Experts at We Buy Any House told Express.co.uk the tricks some agents use are not in the best interest of the seller.They explained some agents will take advantage of homeowners who want to sell their property quickly.They said: “If your property has been on the market for a while now and you’re not securing many viewings, estate agents will sometimes offer extra advertising for a fee.”However, doing this could leave Britons out of pocket when extra advertising is not necessary.Instead, those selling their home could benefit f…

Give high parking fees the red light

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With talk of a congestion charge, the BusConnects project cutting a swathe through driving lanes and the proposed banning of diesel cars, it’s tough being a car owner. One of the biggest gripes is over the cost of parking.Public car parks vary widely in cost depending on location and management company. Most open between 7-8am and close around midnight-1am.Twenty-four-hour car parks include Jervis, Q-Park at Grand Canal, and Stephen’s Green and ParkRite at Ha’penny Bridge in Dublin, along with the airport car parks.In Cork, Kent Station, Q-Park at Grand Parade and Carroll’s Quay are also 24-hour. Many others offer discounted overnight rates to leave your car but it’s worth noting the earliest ‘get-in’ time as it could be after 8pm.Please log in or register with Independent.ie for free access to this article.Log InNew to Independent.ie? Create an accountStreet parkingThere are six colour-coded zones for on-street parking, if payment is indicated. Some streets may have different zones …

Activision Launches Call of Duty League for Boost in Esports

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Activision Blizzard Inc.’s league for Call of Duty — the best-selling first-person-shooter game — launched Friday in Minneapolis, marking the latest attempt by the video-gaming giant to dominate esports.The company expects several thousand fans to attend a three-day fest that will include matches among the new league’s 12 city teams, as well as musical acts. There’s more at stake than fun and games, though. Activision is trying to build its own version of an NFL, NBA or NHL — one that could eventually become a material contributor to its bottom line.The launch is part of a push by Activision to become the biggest operator of professional esports leagues, where video-game players square off in front of large audiences. The company already runs the popular Overwatch league.“Strategically, it’s about Activision positioning itself at the top of the esports ecosystem and making sure its titles have staying power on the competitive scene,” said Matthew Kanterman, an analyst at Bloomberg Int…

20 tips to make your mobile malware-proof after Saudi Prince ‘hacked’ Jeff Bezos’ phone – The Sun

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IF it can happen to Jeff Bezos, it can happen to anyone.The Amazon boss allegedly had his phone hacked after opening a WhatsApp video message from Mohammed bin Salman, crown prince of Saudi Arabia.The video reportedly let hackers steal racy messages and pictures from his mobile, which were then allegedly used in a blackmail attempt.Saudi Arabia has denied the allegations and called for an inquiry.So how can you protect yourself from getting hacked?Follow these 20 tips to avoid losing control of your phone . . .1. Don’t open videos from people you don’t know wellHackers can take advantage of a vulnerability called “buffer overflow” – flooding the phone with too much data in a file that then cracks open the device.The app is given too much information to handle, so it gives up following its logic, allowing the execution of malware that cedes control of a phone2. Don’t put off installing app updatesUpdating apps can be a chore, but it is important. Every app is a potential window for a c…

GM's autonomous car company, Cruise, unveils Origin self-driving shuttle

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Fox News Flash top headlines for Jan. 21Fox News Flash top headlines for Jan. 21 are here. Check out what’s clicking on Foxnews.comGeneral Motors is looking to “move beyond the car” with a shuttle that can move by itself.(Cruise)The automaker’s autonomous vehicle subsidiary, Cruise, unveiled a self-driving shuttle prototype on Tuesday in San Francisco, and it doesn’t have a steering wheel, foot pedals or any driver controls — just seating for six accessed through large sliding doors.The all-electric Origin was designed to provide maximum passenger space and will eventually be deployed in a ride-hailing service run by Cruise. The company originally hoped to launch the service by the end of 2019 but delayed it to further develop the self-driving technology and the infrastructure required to operate a large network of vehicles.(Cruise)Cruise was founded in 2013 and acquired by GM in 2016. SoftBank and Honda are among the parties that have invested in it, pushing its market value to nearl…

Bank of England to consider adopting cryptocurrency

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The Bank of England will examine how Britain could adopt a bitcoin-style digital currency as part of a global group of central banks that have joined together to examine the possible pitfalls of relying on electronic money.Bank officials will meet with the Bank of Japan, the European Central Bank (ECB), the Sveriges Riksbank, the Bank of Canada, the Swiss National Bank and the Bank for International Settlements (BIS) to pool research and experiences of the potential for a central bank digital currency (CBDC).The BoE deputy governor Sir Jon Cunliffe will co-chair the group with Benoît Cœuré, a former ECB board member and head of the BIS innovation hub.The move comes amid the emergence of private sector digital currencies, such as bitcoin and Facebook’s libra, which is due to be launched this year.Facebook’s plans for its libra coin and a digital wallet have caught the attention of regulators and central banks worldwide, with Threadneedle Street being among those vowing tough new rule…

Subaru sets mid-2030s target to sell only electric vehicles

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TOKYO (Reuters) – Japan’s Subaru Corp (7270.T) set a target on Monday to sell only electric vehicles worldwide by the first half of the 2030s, in a move toward its long-term goal of a carbon-free society.The news comes as Subaru has strengthened capital ties with Toyota Motor Corp (7203.T), in a trend of global automakers joining forces to slash development and manufacturing costs of new technology.To supplement the mild hybrid and plug-in hybrid cars already in its lineup, Subaru plans to develop a so-called “strong hybrid” vehicle using Toyota technology and intended to debut later in the decade.It is also developing an all-battery electric car with Toyota for release around the same time.“Although we’re using Toyota technology, we want to make hybrids that are distinctly Subaru,” Chief Technology Officer Tetsuo Onuki told a briefing.“It’s not only about reducing CO2 emissions. We need to further improve vehicle safety and the performance of our all-wheel drive.”Subaru said that by …

How much is Child Benefit? Amount you can get each week is rising in April

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Only one person can receive Child Benefit for a child. The payment is made every four weeks, and it can be claimed for each child – with no limit as to how many children the individual can claim for.READ MOREState pension UK: Pension calculator shows how much you’ll receiveThat said, there are different Child Benefit rates, and what a person gets will depend on who the allowance is for.How much is Child Benefit?If the allowance is for an eldest or only child, the weekly rate is £20.70, at the time of writing.Currently, for additional children, the rate is £13.70 per child per week.Should a person be paid too much or too little, they must contact the Child Benefit Office.Child Benefit eligibilityChild Benefit can only be received by one person for a child.Normally, a person will qualify for Child Benefit if they’re responsibly for a child under the age of 16, or under 20 if they stay in approved training, and they live in the UK.The recipient will usually be responsible for a child if …

Ron Wynn: Remodel before selling your home? Not so fast. Adding extra rooms may not increase your value

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Housing market ‘poised for a great time’ in 2020s: NAHB presidentNational Association of Homebuilders president and CEO Jerry Howard argues the 2020s will be a good decade for home building and that President Trump’s policies are helping his industry.I've had several calls recently from homeowners planning to sell in the next three to five years. The question I'm often asked is "What should we do to our home in preparation for selling? I usually say that I need to see their home and do some research before giving a knee-jerk reply, but most often the best answer is "It depends on what the market will be like then, and what the buying trend for your particular area and lot size will be."Continue Reading BelowHOMEBUILDER CONFIDENCE IS HIGHEST SINCE 1999The current demand for most prime locations is one of three:If you decide to remodel your home but, when finished, it still is not functional, open and consistently done to today's taste, you are wasting your mo…

Child Benefit: How filling in this form could protect your state pension for 12 years

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Child Benefit is a payment which a person can get if they’re responsible for bringing up a child who is under the age of 16, or under 20 if they stay in approved education or training. Only one person is able to get the payment for a child.READ MOREPension: Getting a divorce? Pension could be worth more than your homeThe payment is made every four weeks, and there is no limit as to how many children a person can claim for.That said, there are two different Child Benefit rates, and these depend on who the allowance is for.At the time of writing, the weekly rate is £20.70 per week for an eldest or only child.If the allowance is for any other additional children, the weekly rate is £13.70 per child.By claiming Child Benefit, the individual can get National Insurance credits which count towards their state pension.Additionally, the child will automatically get a National Insurance number when they’re 16 years old.Some people may opt not to get the payments, however the government website …

Retirement UK: How savers could end up with ‘surprisingly large pension pot’ explained

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From travelling the world to caring for loved ones, retirement comes in an array of forms. In a bid to help people visualise the cost of the retirement lifestyle they may want, last year, Retirement Living Standards were launched by the Pension and Lifetime Savings Association (PLSA) – detailing the estimated annual cost for “minimum”, “moderate” and “comfortable” retirement lifestyles.READ MORERetirement in 2020: Nearing state pension age? 7 things to considerWith 2020 having well and truly begun, some people may be looking to ensure their money is working for them this year.And, in a bid to help people get in the saving mindset, Claire Trott, Head of Pensions Strategy at St James’s Place, has shared her top tips for securing a better financial future.Ms Trott told Express.co.uk: “The New Year, and turn of the decade, presents us with a moment to stop and think about our future, and our future finances.“Like our health, most of us are now turning our thoughts towards whether we are s…