Heathrow again calls for testing regime as passenger numbers collapse | News

first_img– Advertisement – OlderNew research further undermines UK quarantine scheme NewerSteenbergen appointed chief financial officer at Lufthansa Heathrow chief executive, John Holland-Kaye, said: “Aviation is the lifeblood of the UK’s economy, critical for exports of goods and services and imports of vaccines, as well as inbound tourism, students and foreign direct investment. “Lack of government action is weakening our sector, making it harder for us to support the eventual economic recovery and help deliver the prime minister’s vision of a global Britain.”Heathrow argued the lack of a testing regime has left British airports unable to compete with EU rivals.- Advertisement – Passenger figures at Heathrow were down 82 per cent in October when compared to last year, as the Covid-19 pandemic continue to take a toll on global aviation. The airport also warned data for November was likely to be even worse, as England enters a four-week lockdown. – Advertisement – Long-haul and critical markets for trade suffered the worst declines, Heathrow said.This was due to the “debilitating quarantine requirements” put in place by the UK government. Overall cargo volumes were down 23 per cent compared to last year. – Advertisement – At the same time, the refusal to offer English and Welsh airports business rates relief runs the risk of worsening an already challenging situation and the plans to end VAT-free shopping threatens to kick our industry when its down, a statement added.The figures come as new research suggests the quarantine regime may be less effective than previously thought.last_img read more

Downturn was just a blip, now business parks are on the up

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Irish sovereign fund exceeds co-investment target

first_imgThe fund has a mandate to invest on a commercial basis in a way that supports domestic economic activity and employment.The fund’s investments gained 4% in 2017, according to preliminary figures released as part of the ISIF’s year-end review for last year.The 4% return is composed of gains of 4.1% on the ISIF’s global portfolio and 3.4% on its Irish investments.Since the ISIF’s inception in December 2014, its investment returns have added €655m to the fund’s value, it said. “Exchequer injections” worth €865m – made up of proceeds from the sale of Aer Lingus shares and dividends from its ownership of Allied Irish Bank – took the total fund value to €8.7bn as at the end of December.O’Callaghan said the fund’s investments to date were well spread across the its strategic themes of “enabling, growing and leading edge”.Investments in 2017 included significant commitments in the areas of housing, connectivity, renewable energy, SMEs, food and agriculture, technology and life sciences. Ireland’s sovereign development fund has been more successful in catalysing private sector co-investment than it initially thought it would be, based on its original target.The €8.7bn Ireland Strategic Investment Fund (ISIF) has attracted €5.7bn in private sector co-investment for the €3.4bn it has committed to domestic investments from its own assets. This exceeded the original target ISIF set itself when it was established in 2014, to raise €1m for every €1m it invested.Total new investment by the fund and its co-investors in 2017 alone amounted to €1.6bn, with the ISIF itself committing €667m to 23 separate Irish investments.Eugene O’Callaghan, director at ISIF, said: “The ISIF’s differentiating characteristics of flexibility, long-term timeframe and the value it can add as a sovereign partner to both businesses and co-investors have enabled such wide-ranging investments that are consistent with the fund’s double bottom line mandate.”last_img read more

Agent says McGregor wants to fight again as UFC 223 begins

first_imgLATEST STORIES A crumbled card, perhaps.But a card nonetheless, with chairs and guard rails firmly planted on the floor.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownMcGregor’s boorish behavior got him tossed in jail, facing felony charges in a New York courtroom and, on a less serious note, led to UFC scrapping three fights on the UFC 223 card.McGregor’s agent, Audie Attar, wrote on Twitter that the former two-division champ “looks forward to getting back to fighting as soon as possible.” Scientists seek rare species survivors amid Australia flames Nadine Lustre’s phone stolen in Brazil Jo Koy draws ire for cutting through Cebu City traffic with ‘wang-wang’ Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award View comments Green group flags ‘overkill’ use of plastic banderitas in Manila Sto. Niño feast Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Ultimate fighting star Conor McGregor, center, is escorted by New York Court Police officers after a hearing at the Brooklyn Criminal Court, Friday, April 6, 2018 in New York. McGregor is facing criminal charges in the wake of a backstage melee he allegedly instigated that has forced the removal of three fights from UFC’s biggest card of the year. Video footage appears to show the promotion’s most bankable star throwing a hand truck at a bus full of fighters after a Thursday news conference for UFC 223 at Brooklyn’s Barclays Center. (AP Photo/Julio Cortez)NEW YORK — Conor McGregor and his hotheaded posse were banned in Brooklyn and — as UFC would hope — presumably not lurking in the bowls of Barclays Center looking for a brawl.After one of the UFC’s most chaotic weeks — with McGregor led from a police station in handcuffs and charged with throwing a hand cart at a bus — the promotion got down Saturday night to what it does best: Put on a show.ADVERTISEMENT Don’t miss out on the latest news and information. Al Iaquinta, winner of five straight fights, was tabbed to fight Nurmagomedov in a title bout stuck with an asterisk. Nurmagomedov would become the 155-pound champ because McGregor — in a move unrelated to the melee — was stripped of the belt. McGregor hasn’t fought for UFC in 18 months.Iaquinta weighed in 0.2 pounds over the 155-pound limit and would not win the title with a win. That was until UFC President Dana White clouded up the bout a bit when he said Iaquinta would become the “recognized” champ with a victory.Otherwise, UFC hummed along into its Brooklyn return.Rose Namajunas was scheduled to defend her 115-pound strawweight title against Joanna Jedrzejczyk in the co-main event.UFC poked fun at the lightweight situation on its Instagram caption on a photo of the arena just before the card started, “They’re all in bubble-wrap and ready to go!”Because the mayhem rearranged the card — Holloway vs. Nurmagomedov T-shirts were still on sale for $40 at Barclays — UFC offered full refunds. There was no immediate word from UFC on how many fans took the company up on the offer.Sports Related Videospowered by AdSparcRead Next Judy Ann’s 1st project for 2020 is giving her a ‘stomachache’ Jiro Manio arrested for stabbing man in Marikina MOST READ McGregor was arraigned Friday on charges of felony criminal mischief charges and misdemeanor assault, menacing and reckless endangerment charges. He was released on $50,000 bond.UFC has not disciplined McGregor though everyone involved in instigating the press conference day fight on Thursday was not allowed at the arena.Flyweight Ray Borg was on the bus attacked by McGregor and was forced off the card because he suffered multiple cornea abrasions when he struck by broken glass.“Hey what do you know food was taken off my families plate for something out of my control,” he tweeted .The original main event was tossed into disarray when scheduled lightweight challenger Tony Ferguson suffered a freak knee injury on a promotional stop and had to withdraw. Featherweight champion Max Holloway stepped up on six days’ notice to fight Khabib Nurmagomedov in the main event for the lightweight belt, but was deemed by the New York State Athletic Commission medically unfit to compete in his failed bid to hit the 155-pound mark.ADVERTISEMENT P16.5-M worth of aid provided for Taal Volcano eruption victims — NDRRMC Truck driver killed in Davao del Sur road accident Nuggets eliminate Clippers with routlast_img read more

LBA, CBL End Two-Day Seminar

first_imgThe Liberian Bankers Association (LBA) in collaboration with the Central Bank of Liberia (CBL) Wednesday, May 28, concluded a two-day seminar aimed at educating commercial bank directors on “corporate governance and risk management.”Speaking at the close of the seminar, Liberian Bankers Association president John B. Davis said the event was organized to ensure that directors of banks are on the same pace in terms of Corporate Governance.He described the event as a platform for directors to acquire fundamental understanding of the implications and responsibilities in relation to corporate governance in a standardized banking Sector.“We want to improve the directors’ understanding of corporate governance especially as it relates to the CBL guidelines and best practices,” he said.Davis: “The seminar will help improve the economy by preventing bank failures and ensuring that banks managements are more sensitive to actions that safeguard depositors’ funds.However, the issue of risk management is a fairly new idea in Liberian banking system.”Davis, who also serves as president for Liberia Bank for Development and Investment (LBDI) termed the risk management introduced as a “challenge” but stressed that it can be addressed.“Bank Directors are gradually understanding and appreciating its demands and benefits and are working to institutionalize it in our business process and content structures,” Mr. Davis noted.The forum, which was conducted on the 27 and 28 of May, involved all the nine commercial banks in Liberia.The seminar was facilitated by the West African Institute for Financial and Economic Management (WAIFEM).Some of the topics covered at the event were: Corporate Governance of Banks, Corporate Governance and Bank Performance, Corporate Governance and Global Financial, Enterprise Risk Management amongst others.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more