Rabat – One of the most anticipated events of the year, Bank Al Maghrib released on Thursday July 20 its report on financial stability for 2016. Based on a systemic risk mapping, the report assesses the risks of the Moroccan financial system.Non-financial public companies are in hot water. According to the Moroccan central bank’s report, the latter have registered an acute growth of their debt, reaching MAD 716 billion with 3.4 percent increase in 2016, compared to a 2.8 percent decline in 2015. The acceleration of this debt was largely driven by companies in the public sector, whose debt increased by 7.5 in 2016. Analysis of a sample of almost 14,000 public and private nonfinancial companies showed a slight increase in their rate of long-term debt, which stood at 41 percent of their own funds at the end of 2015. BAM’s report also revealed that payment delays, especially regarding SMEs, continued to increase. This phenomenon, says the bank, is “reaching worrisome levels for certain sectors of activity, such as property development, construction, transport and communications and services provided to businesses.”Driven mainly by the external debt of public companies and institutions, the growth of total public debt increased by 4.8 percent to MAD 826.9 billion in 2016, representing 81.4 percent of GDP instead of 79.9 percent in 2015. Its public enterprises component increased by 5.9 percent to MAD 169.6 billion, representing 16.7 percent of GDP instead of 16.2 percent in 2015.The report stressed that growth of nonfinancial enterprises debt comes mainly from public enterprises at 71 percentage. In 2016, public institutions recorded a debt surplus of MAD 17 billion. Under these conditions, the Treasury’s debt has naturally increased from 63.7 percent of GDP to 64.7 percent. Overall public debt also increased to 81.4 percent of GDP, driven mainly by the external indebtedness of public companies and institutions. This situation should nevertheless be reversed as from this year, the bank writes.Bank debt, which represents 19.4 percent of public companies’ financial debt, has increased steadily in recent years according to BAM, registering the largest increase since the end of 2016, which saw a rise of 24.4 percent. For the central bank, this upward trend in bank debts reflects the continuing investment effort of some of these companies.Non-financial companies’ use of external debt continued to be quite robust in 2016, but at a slower rate of growth of 8.3 percent compared to an average growth rate of more than 16 percent over the period 2006-2015. This debt of a relatively high level, which represents 19 percent of GDP in 2016, continues to be concentrated by state-owned companies, which could call into question their hedge against currency risk, under a more flexible regime.
Companies in this story: (TSX:GIB.A)The Canadian Press MONTREAL — CGI Inc. reported a second-quarter profit of $318.3 million, up from $274.4 million a year earlier, as revenue improved.The technology consulting firm says the profit amounted to $1.14 per diluted share for the three months ended March 31, up from 94 cents per diluted share a year ago.Revenue totalled $3.07 billion, up from $2.95 billion in the same quarter last year.Excluding specific items, CGI says it earned $324.5 million or $1.17 per diluted share for its most recent quarter compared with a profit of $303.2 million or $1.04 per diluted share a year earlier.Analysts on average had expected a profit of $1.17 per share and $3.06 billion in revenue for the quarter, according to Thomson Reuters Eikon.Earlier this year, CGI acquired Swedish technology consulting company Acando in a deal it valued at $614.7 million, including debt.
CLEVELAND — Cavaliers owner Dan Gilbert is resting comfortably after suffering a stroke.The 57-year-old was hospitalized Sunday after not feeling well and had the stroke while under medical care, Quicken Loans CEO Jay Farner said in a statement released Monday night. Gilbert was immediately taken in for a catheter-based procedure at a Detroit-area hospital and then moved to recovery in an intensive care unit.Farner said Gilbert is “awake, responsive and resting comfortably.” He added Gilbert and his family are “immensely grateful to the doctors and nurses whose early intervention is already paying dividends toward his recovery.”Gilbert, who has owned the Cavs since 2005, founded Quicken Loans, the nation’s largest online mortgage lender.Farner said the company will update the public as additional details become known.Gilbert is a father of five. He has built his business empire with numerous ventures and helped lead revivals in downtown Detroit and Cleveland.___More AP NBA: https://apnews.com/NBA and https://twitter.com/AP_SportsTom Withers, The Associated Press
Olara A. Otunnu, the Special Representative of UN Secretary-General Kofi Annan for Children and Armed Conflict, said in a statement that during his visit to the region he raised the question of voluntary returns with several officials from the Russian Federation, the President of the Republic of Ingushetia and the Government of the Republic of Chechnya.”They all gave me direct and firm assurances that the displaced persons will not be forced to return against their will,” Mr. Otunnu said. “All the displaced persons I met are very eager to return to their homes; however, they remain very concerned about their own security.”Mr. Otunnu called for several specific actions for the benefit of children affected by the armed conflict in Chechnya, including the observance of the principle of voluntary return of the displaced persons, an end to all use of landmines and the continued provision of international humanitarian assistance.The Special Representative also welcomed an order by the Military Commander of Chechnya that sets out clear and transparent procedures to be followed during operations to ensure greater protection of civilians and accountability.Mr. Otunnu voiced strong opposition in response to reports that insurgency groups continued to enlist children into their ranks, even paying some of them to plant landmines.”The insurgents have also been targeting civilian personnel who they regard as cooperating with the government administration,” he said. “I call on those concerned to stop these practices, which are entirely unacceptable.”
Italian reporter Enzo Baldoni, accredited by the Milan weekly Diario, was kidnapped in Iraq on 20 August and reported executed last week in a video delivered to the Arab television channel Aljazeera. He was one 51 journalists and media workers killed in Iraq in the past 17 months, making the conflict one of the bloodiest for the profession, according to the International News Safety Institute.Bangladeshi organized crime reporter Kamal Hossain of the daily Ajker Kagoj was the third journalist murdered in the south Asian country this year according to the non-governmental organization Reporters without Borders, which said there had been four cases of assault on reporters since 13 August and that 60 journalists had received threats over the past month.”I condemn this flagrant disregard for civilian lives and for the most fundamental human values,” UNESCO Director-General Koïchiro Matsuura said of Mr. Baldoni’s murder. “The cold-blooded sacrifice of journalists who are committed to their professional duty to inform the public in difficult conditions, and of their co-workers, shows indescribable cynicism.” Paying tribute to the courage and dedication of Iraqi and international journalists and their collaborators, he added: “It is encouraging to see that the profession’s commitment remains unflagging despite the heavy death toll. The free flow of information is essential for democracy and I call for every possible measure to be taken to enable journalists to continue carrying out their work in conditions of improved safety.” Of Mr. Hossain, Mr. Matsuura said: “The fact that criminals are resorting to brutal acts to muzzle the voice of the media highlights the profession’s importance for transparency, democracy and the rule of law. I am alarmed at the heavy tribute being levied on media professionals in Bangladesh and I applaud their commitment to public information and freedom of expression.”Over the past several months Mr. Matsuura has issued numerous condemnations of the murder of journalists in various countries, calling them an attack on society as a whole.
Fresh from the global success of the world’s first humanitarian video game designed to arouse children’s interests in the challenges of fighting hunger, the United Nations World Food Programme (WFP) today announced the launch of a blog, an interactive internet chat site, that allows youngsters to talk directly to aid workers on the battle’s frontlines. “In response to queries from Food Force players all over the world on how they could help, the new blog is a way to channel interest and a place to exchange ideas,” WFP said, referring to the educational video game which has now been played by at least 4 million people since its launch in April 2005 and is currently available in five languages. ‘Joe’s blog,’ named after one of Food Force’s main characters, is a place where the millions of youngsters who played the video game and visited the site can form a global community focusing on hunger and other social issues. It lets them send questions to WFP aid workers who post stories about their experiences and the reality of delivering life-saving food to those in need. Hunger and malnutrition kill more people than AIDS, malaria and tuberculosis combined. Food Force conjures up a virtual world of planes launching food airdrops over crisis zones and emergency trucks struggling up treacherous roads under rebel threat with emergency supplies to bring food to the desperately hungry. Gamers face a number of realistic challenges to urgently feed thousands of people on the fictitious island of Sheylan, piloting helicopters on reconnaissance missions, negotiating with armed rebels on convoy runs and using food to help rebuild villages. Before each mission, the player is presented with an educational video segment about the reality of WFP work in the field, teaching them how WFP responds to actual food emergencies – where food originates, its nutritional breakdowns and how it is delivered.
The sixty-sixth United Nations Department of Public Information/Non-Governmental Organizations Conference kicked off today in Gyeongju, Republic of Korea, with Secretary-General Ban Ki-moon highlighting the vital role that NGOs, academia and youth play in achieving the Sustainable Development Goals (SDGs).“We need governments, the private sector and civil society,” Mr. Ban told the more than 2,000 people gathered for the opening session. “Without the participation of non-governmental organizations (NGOs) and civil society groups, no initiative, however visionary, can be fully achieved,” he added.From 30 May to 1 June, a series of roundtable discussions, workshops and youth caucuses with civil society representatives and groups will focus on education as an entry point towards realizing the SDGs.“Education is critical to nurture global citizens who can rise to the challenges of the 21st century,” continued Mr. Ban, encouraging young people everywhere to be global citizens and for governments and NGOs to boost the participation of and with their national youth groups.“Let us work together to foster education for global citizenship – education that empowers people to contribute to our common future,” he underscored.“NGOs are on the vanguard of international action,” asserted the UN chief, adding that “throughout history, when governments reach a stalemate, NGOs work to break it.”Recalling that just four days ago, at the Jeju Forum for Peace and Prosperity, in Seoul, he had denounced the shrinking democratic space, and urged freedom for civil society organizations, NGOs and human rights defenders, the Secretary-General noted that unfortunately, such freedom is under threat, “including at the last place this should happen: at the United Nations.”“I am deeply disappointed that the Member States on [the UN Economic and Social Council] ECOSOC NGO Committee recently denied the Committee to Protect Journalists consultative status,” he told the Conference, adding that he was also opposed to the exclusion of LGBT organizations from the upcoming High-Level Meeting on Ending AIDS. “These NGOs are close to communities affected by the epidemic and they must be part of the response,” he stated. Calling on UN Member States to stop constricting NGO engagement, the Secretary-General said: “The United Nations should have a big tent under which everybody can have […] freedom of movement.” Indeed, such an approach had helped for the landmark 2030 Agenda for Sustainable Development and the Paris Agreementon climate change. “And NGOs are crucial to their success.”“When we implement these two [accords], I am sure that by the end of this century we will be able to live, regardless of where we may live, in a much better, healthier and more prosperous world,” said Mr. Ban.Sharing the podium, Prime Minister of the Republic of Korea, Mr. Kyo-ahn Hwang reaffirmed his country’s commitment to fostering global citizenship.“We worked very hard so that global citizenship was reflected in the SDGs,” he said. “Global citizens need to fulfill the basic values of humanity. They need to be proactively involved in solving global issues. This conference, under the theme of ‘Education for Global Citizenship: Achieving the Sustainable Development Goals Together’ will encourage people to become involved.”Participants at the conference will examine the three pillars of formal education; informal education and training; and advocacy and public Information, as means to eliminate inequalities that create or perpetuate marginalization and disenfranchisement.Crosscutting themes, such as gender equality and climate change, will be tabled and learning will be examined from the perspective of marginalized and vulnerable groups, including indigenous peoples, and lesbian, gay, bisexual and transgender persons (LGBT).The event will culminate in an action agenda for NGOs and academia to harmonize and catalyze efforts for the successful implementation of the 2030 Agenda for Sustainable Development.Conference co-chairs, Dr. Scott Carlin, Associate Professor of Geography at Long Island University and Dr. YuKang Choi, NGO Representative to the U for Dream Touch for All, flagged the conference as an important opportunity to raise awareness and mobilize civil society around the SDGs.“The NGO/DPI Conference will bring the civil society voice to the United Nations, and foster NGO support for implementation of the 2030 Agenda,” said Dr. Carlin.Dr. Choi pointed out, “This is the first time the conference is being hosted in Asia,” calling it “an opportunity for NGOs in the region to tap into networks and to lobby governments for commitment to SDG implementation.”The Conference is being organized in cooperation with the NGO/DPI Executive Committee, the NGO community, the Government of the Republic of Korea and the National Organizing Committee of Korea.To watch the Conference proceedings live, visit http://outreach.un.org/ngorelations/conference.
Primed with a recent $100 million funding injection, Resolute Mining is growing its African footprint and accelerating its mining developments, Managing Director and CEO John Welborn told a packed audience at Day One of the Paydirt Africa Down Under (ADU) Mining Conference in Perth today. Meanwhile, Orion sets 2020 target date to re-open newly acquired giant of South African’s copper-zinc mines.Welborn told the ADU audience that the upcoming period of development will be one of the most active periods in the company’s colourful 23 year history in Africa. Leading the way is the Syama gold mine in Mali where Resolute is developing a worldclass, fully automated sub-level cave gold mine.The new underground project at Syama is set to develop an estimated gold resource of 7.9 Moz over an initial 14 year mine-life, at approximately 300,000 oz/y.Welborn told the mining conference that the next phase of development at Syama is on track to be delivered by December 2018. He said a Syama underground feasibility study update finalised earlier this year confirmed the operation’s long life, low cost potential.The former Wallaby rugby player said the decision to go to full autonomous mining and improvements to site power generation facilities will see Syama produce at an All-In Sustaining Cost of $746/oz over its 14-year life of mine.“Syama will be the first purpose-built, fully automated, underground mine in the world,” Welborn said. Highlights of the ground-breaking Syama underground development include:• A world class sub-level cave gold mine in the making• Controlled, high-productivity ore delivery• Full automation maximises operating efficiencies, making good use of Sandvik’s OptiMine• Early access to ore without leaving a crown pillar below the open pit• A flexible method with ability to adapt cut-off grades depending on economic inputs• Low upfront capex• A strong partnership with Sandvi.Resolute is also looking at further expansion opportunities at Syama, with a recently completed optimisation study identifying potential to improve mining and processing rates from the underground mine. Independent analysis has identified potential for higher production rates incorporating both sublevel cave and long hole open stope production.Resolute has also recently completed an updated feasibility study at the Bibiani gold mine in Ghana, which has demonstrated the potential for a long life, high margin project. The estimated ~$75 million project at Bibiani would develop an approximately 2.5 Moz resource at a rate of ~100,000 oz/y over an initial 10 year mine-life.Wellborn told the ADU audience that operational readiness planning is set to commence in FY2019, with a FID targeted to follow the Syama underground ramp-up.Resolute, which has produced 4.5 Moz of gold to date in Africa, paid $420 million in royalties and $1.5 billion to local vendors and employees, has continued to build on its African presence with the acquisition of stakes in a number of well managed African focused exploration teams holding promising tenure in highly prospective gold regionsThis includes Lonco (27%); Mako Gold Ltd (19%); Orca Gold (17%); Oklo Resources Ltd (10%) Manas Resources (23%) and Kilo Gold 27%.Welborn said Resolute “has built its proud history on the company’s love of Africa”.He said the geological richness of Africa, the enthusiasm of the African people, the economic potential and the supportive governments, made Africa a great place to invest.However, he warned that there were still a number of issues facing the mining sector across Africa.“We need Mining Code stability and strength, taxation transparency and respect of Mining Convention terms and stability,” Wellborn said. He highlighted the importance of finding a solution to recuperating Value Add Tax. “Recuperating VAT is the silent sleeping giant in increasing investment in mining in Africa.”A Melbourne company say it expects to restart by the end of 2020 a closed underground zinc copper mine it acquired last year and which is regarded as a “giant” in South Africa’s resources sector. The re-opening has been made possible by applying new mining and processing breakthroughs to these historic ore deposits.Addressing the first day today of the ADU, Orion Minerals Managing Director, Errol Smart, said the 12 month BFS schedule should be completed next quarter into the Prieska polymetallic project, 270 km southwest of Kimberley, the regional capital of South Africa’s Northern Cape province.The BFS is being buoyed by the mine’s existing access to significant local and regional infrastructure, with a mine infrastructure which already includes a regional power grid feed, bitumen access roads, access to a bulk, treated water supply and a 1,900 m landing strip.Prieska, which operated for 20 years and at one time employed up to 4,500 people before it became uneconomic, has a defined maiden resource under the Orion ownership of 1.1 Mt of contained zinc grading 3.8% and 365,000 t of contained copper grading an average 1.2%. The deposit is regarded as one of the world’s 30 largest VMS orebodies.Mining and environmental applications have already been lodged focused on initiating updated mine construction work by the second half of next year.“We are mounting an ongoing drilling program with the objective of achieving an upgrade in the classification of a substantial portion of the total mineral resource and to test the currently open extensions of the deposit,” Smart said. “Critically, a detailed engineering appraisal has confirmed the integrity of key installations at Prieska and this will deliver we expect into the VFS, significant capital cost and time savings.“In addition, we have been able to apply advanced mine design and flowsheet approaches to optimise substantial remaining or bodies at Prieska and to exploit some opportunity remaining for open-pit mining.“We have also embarked on securing a regional exploration footprint of around 1,790km², the first time this highly prospective region has been consolidated under a single owner for the first time.”Mr Smart said the new concentrated drill schedules aimed to evolve Prieska as a mining hub around further discovery in the local footprint.“Our application of new technology has discovered a whole lot more ore and we are also able to promote safer mining operations than historically employed on site,” Mr Smart said.“The project is now being fast-tracked to deliver our production targets as ground conditions and infrastructure in the underground mine to date have been found to generally be in a better state than was expected. Orion is confident that mine refurbishment will not require substantial engineering effort.”
Une tasse de café équivaut à 140 litres d’eau, selon WWFL’ONG WWF (World Wild Fundation)-France a révélé que “l’empreinte d’eau” d’une tasse de café correspond à 140 litres d’eau. Cette donnée se base sur l’indicateur mis au point avec l’Université de Twente (Pays-Bas) qui tient compte de l’impact de toute la chaîne de production sur la ressource eau douce.Si une tasse de café ne représente que quelques centilitres de breuvage, elle équivaut en réalité à 140 litres d’eau selon WWF-France. En effet pour arriver à ce résultat, l’ONG a tenu compte de tout le processus de fabrication : de l’eau utilisée pour faire pousser le plan de café, le récolter, le transporter, l’emballer, le vendre et le préparer. Ceci tient également compte du volume d’eau nécessaire à la fabrication de la tasse dans laquelle il sera bu.Si, en plus, vous y ajoutez du lait, du sucre et que vous le versez dans une tasse à emporter, l’empreinte eau atteint les 200 litres (avec quelques variations en fonction du sucre issu de betteraves ou de cannes à sucre). Autres données, 70 grammes de sucre par jour, représentent l’équivalent de 100 litres d’eau en moyenne. Pour tous les ingrédients qui entrent dans la composition d’un hamburger, l’empreinte grimpe à 2.400 litres et pour ce qui est des vêtements, un T-shirt en coton de 250 grammes affichera une empreinte eau de 2.700 litres.”Cet indicateur fait prendre conscience de façon simple des impacts des modes de vie et donc des pressions exercées par les activités humaines sur la ressource eau, qu’elles soient domestiques, industrielles ou agricoles”, souligne le WWF-France en marge du Forum mondial de l’Eau à Marseille. L’indicateur, mis au point en partenariat avec l’université hollandaise de Twente, est décliné en trois couleurs. Le bleu correspond à la consommation des eaux de surface et des eaux souterraines ; le vert indique la consommation des eaux de pluie (notamment par évaporation dans les cultures agricoles) ; le gris évalue le volume d’eau douce requis pour diluer les polluants.Une empreinte eau de 1.786 mètres cubes par an et par Français À lire aussiMaladie de Charcot : symptômes, causes, traitement, où en est on ?Ainsi, selon les calculs de l’ONG, l’empreinte eau de production en France (c’est à dire l’eau utilisée sur le territoire pour la production de biens et services) s’élève à 90 milliards de mètres cubes par an. Les régions Midi-Pyrénées et Aquitaine sont celles qui affichent la plus forte empreinte eau bleue en France, en raison des besoins en irrigation notamment pour le maïs. Les cultures agricoles représentent 86% et les céréales, à elles seules, la moitié de cette empreinte eau de production. Par ailleurs, l’empreinte eau d’un consommateur français, s’élève à 1.786 mètres cubes par an, soit, à titre de comparaison, l’équivalent du volume intérieur de deux Boeing 747, indique le WWF cité par l’AFP.L’essentiel de cette empreinte est d’origine agricole, 36% correspondant à la consommation de viande (le bétail se nourrit de maïs et de soja qui demandent de grandes quantités d’eau pour être cultivés) et 10% au lait, via les fourrages. WWF indique également qu’à l’échelle mondiale, la production de bétail compte pour 23% de l’eau consommée dans l’agriculture, soit l’équivalent de plus de 1.150 litres d’eau par personne et par jour.Le 15 mars 2012 à 11:08 • Maxime Lambert
DES MOINES, Iowa — The Mega Millions jackpot soared to $586 million on Monday amid a frenzy of ticket purchases, a jump that pushed the prize closer to the $656 million U.S. record set last year.Paula Otto, executive director of the Virginia Lottery and Mega Millions’ lead director, said ticket sales are ahead of projections for Tuesday’s drawing, increasing the likelihood that the record could fall by then. If the prize goes unclaimed for a 22nd consecutive drawing, the next one likely would shatter the record, set in March 2012, she said.“I think we’ll be very close to the record, and maybe even surpass it,” Otto said, adding that sales are difficult to predict.That was enough for Drew Gentsch to play one ticket Monday morning. The attorney from Des Moines never plays, but the jackpot was too good to pass up.“I think it’s ridiculous but you have to dream big,” he said. “The odds of winning are so low, there’s no real reason to play. But it’s fun to do so once in a while.”
MIAMI (WSVN) – A South Florida non-profit has teamed up with Miami-Dade County Public Schools to expand music education on hundreds of campuses across the county.Rock ‘n’ roll Hall-of Famer and Miami native Sam Moore was on hand to announce the three-year partnership between Little Kids Rock and M-DCPS, called Modern Band Miami.Moore said, “I left here and became successful from here, so why not come back and try to get involved?”The partnership will more than double the size of the district’s modern band programs and add more than 1,000 new musical instruments and other resources.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Sen. Shelley Hughes, R-Anchorage, describes education legislation to the Senate Finance Committee in April. Hughes left the Senate majority caucus over the budget. (Photo by Skip Gray/360 North)For the second time this year, a Republican from Matanuska-Susitna Borough left the state Senate majority caucus. Palmer Sen. Shelley Hughes left the caucus last Thursday to oppose the state budget.Listen nowHughes was the only senator to vote against the $4.1 billion operating budget. She said she wished the majority had pushed for deeper budget cuts before it compromised with the House.“I wish we would have pulled over a little bit more so that when we met in the middle … the middle would have been different than what it is today,” Hughes said.Since the majority requires its members to vote for the budget, Hughes’ decision to vote no on the budget essentially meant she left the caucus.Hughes opposed cutting Permanent Fund dividends.Due to the budget gap, Hughes said she would first support further spending cuts. Then, she would support a statewide sales tax.“People in my district, they just want to see more reductions first, and so I have to honor that,” Hughes said. “And that is how I campaigned … and I have to be a person of my word.”Hughes will lose some of her four committee assignments, including her spot on the powerful Finance Committee. She will also lose funding for legislative aides.Hughes joined Wasilla Republican Sen. Mike Dunleavy in leaving the majority.Dunleavy said he understood why Hughes made her decision. He said it’s difficult for senators to balance their own positions with the caucus’s needs.“I think that’s the problem for many folks still in the caucus,” Dunleavy said. “There are a lot of good folks, I mean, they’re all good folks, but in terms of thinking on your own and making your decision on your own, that generally goes against the whole caucus concept.”Dunleavy said he also would have voted against the budget. Dunleavy added that he’ll talk with Hughes about forming a new, two-person caucus.
Ford’s best-selling SUV EcoSport’s price has been slashed in India, following the excise reduction announced by Finance Minister P Chidambaram in his latest interim budget.”Ford India has passed on the benefits of recent excise duty reduction to customers and has revised the prices of its products with immediate effect,” the company said in a statement.The EcoSport, a striking offering from the American major Ford, has been riding high in India since its launch. The vehicle will be now available in the domestic market with a price cut of ₹26,000. Other models of the company – Figo, Classic and Endeavour – will also be cheaper by ₹23,000, ₹24,056 and ₹1,07,000 respectively.Speaking on the same, Ford India Executive Director (Marketing, Sales and Service) Vinay Piparsania told PTI: “Reduction of excise duty is a welcome step for the automotive industry and is timely with de-growth the industry is currently witnessing. We hope it will have a positive impact on consumer sentiment and stimulate pent up demand.”Launched in India back in June, the EcoSport comes with 1.5L petrol, 1.5L diesel and the 1.0L EcoBoost engine under the hood. The 1.5L petrol engine gives 112 PS power and 140 Nm torque. The revolutionary EcoBoost EcoSport engine churns out a power of 125 PS and 170 Nm torque, along with a mileage of 18.9 kmpl. The diesel variant of EcoSport is the most fuel efficient among all models, delivering a mileage of 22.7 kmpl.Ford EcoSport Petrol price (All prices ex-showroom, Delhi)Ford EcoSport Ambiente -₹5.94 lakhFord EcoSport Trend-₹6.89 lakhFord EcoSport Titanium-₹7.85 lakhFord EcoSport Titanium 1.0 EcoBoost M/T – ₹8.25 lakhFord EcoSport Titanium 1.0 EcoBoost (Option) M/T -₹8.78 lakhFord EcoSport Titanium 1.5 Ti-VCT A/T -₹8.79 lakhFord EcoSport Diesel priceFord EcoSport Ambiente- ₹7.13 lakhFord EcoSport Trend-₹8.00 lakhFord EcoSport Titanium 1.5 TDCi M/T -₹8.96 lakhFord EcoSport Titanium 1.5 TDCi (Option) -₹ 9.49 lakh
Pacific Investment Management Company (PIMCO) and other investors have sued Citigroup Inc over the bank’s alleged failure to properly monitor toxic securities backed by more than $13.8 billion of mortgage loans, resulting in $2.3 billion of losses.According to a complaint filed on late Tuesday, 25 November in a New York state court in Manhattan, Citigroup breached its duties as trustee for the 25 private-label trusts dating from 2004 to 2007 by ignoring “pervasive and systemic deficiencies” in how the underlying loans were underwritten or being serviced.The investors said Citigroup looked askance at the loans’ “abysmal performance” out of fear it might “jeopardise its close business relationships” with loan servers including Wells Fargo & Co and JPMorgan Chase & Co, or prompt them to retaliate over its own problem loans.Some loans backing the 25 trusts came from issuers including the now-defunct American Home Mortgage and Washington Mutual. The lawsuit seeks class-action status and unspecified damages.Citigroup spokeswoman Danielle Romero-Apsilos declined to comment.TIAA-CREF and affiliates of Prudential Financial Inc and Aegon NV’s Transamerica are among the other plaintiffs.Pimco, a unit of German’s Allianz SE, has filed lawsuits against other banks raising similar allegations over other mortgage trusts. A Pimco spokesman declined to comment.Bond issuers appoint trustees to ensure that payments are funnelled to investors, and handle back-office work after securities are sold.Trustees have in recent years become a target for investors who lost money on badly underwritten mortgages, and believe the trustees shirked their duties to force lenders and bond issuers to buy those loans back.
Kolkata: A huge explosion took place inside a club at Mallarpur in Birbhum late on Saturday night.It is alleged that huge quantities of explosive materials were stored in the club which exploded due to heat. According to sources, a few members of Meghdoot Club in Mallarpur were watching cricket match inside the club. After the match ended they locked the club door and went back home. Around 2 am, local residents woke up to a sound of blast. When they went out they saw the back portion of the club building had collapsed due to the blast. Also, the fire had broken out due to the explosion. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataThe police and fire brigade immediately were informed. Two fire tenders from Rampurhat fire station went to the spot and doused the flames. Police suspect that the explosives were stored inside the club with some ill motives by one or more club members. But the members have denied the allegations. They demanded a high level inquiry in the incident. On Sunday bomb squad of state Criminal Investigation Department (CID) went to the spot and collected samples. Also Read – Lightning kills 8, injures 16 in stateTrinamool leader Anubrata Mondal alleged that the BJP is behind the blast as the club is managed by BJP workers. But the saffron party has denied the allegation. Sleuths are probing to find out what kind of explosive material was stored inside the club. Also, police are questioning club members to find clues related to the blast. However, members of the club alleged that someone has planted the explosives and they were not responsible for the incident.
GAYSTARNEWS- eTN Chatroom for Readers (join us) Share this:TwitterFacebookLike this:Like Loading… The Helsingborg Symphony Orchestra received a hate filled letter from an anonymous sender last month after it performed music by LGBTI composers.It said the decision made the author of the letter ‘want to vomit’. The author also accused the orchestra of ‘hopping on the fag train’.Rather than throw the letter away, composer Fredrik Österling has used it construct lyrics in an original cantata. He’s called it, ‘The Fag Train’ (Bögtåget).A cantata is a medium-length narrative piece of music for voices with instrumental accompaniment, typically with solos, chorus, and orchestra.The Helsingborg Symphony Orchestra will perform Bögtåget in June.Singer Rickard Söderberg approached Österling with the idea to turn the homophobic letter into a performance piece. A classical orchestra in Sweden has responded in the best way to homophobic hate mail it received. Rickard Söderberg rehearses ‘The Fag Train’ in Sweden. | Photo: Facebook/Helsingbors Konserthus ‘I had no hesitation when Rickard Söderberg suggested that I should set it to music,’ Österling said on Facebook.‘By considering the text as an opera libretto, we were able to scrutinize the emotions that the anonymous sender was seeking to express.‘And at the same time, we are doing exactly what an artistic institution should be doing; we are reflecting our times in our art.’The orchestra shared a snippet of the piece in a short video.‘As an artistic institution, we naturally actively relate to our surroundings and events going on around us,’ Österling said.‘The hate letter I received reeked of contempt and fear for the love between human beings.’Watch a preview of the Bögtåget here:Got a news tip? Want to share your story? Email us . Tchaikovsky’s secret gay history that Russia doesn’t want you to knowRainbow flag removed from police station, then culprits send terrible homophobic letter‘YouTube’s biggest philanthropist’ outed as a massive homophobeRead the full article on Gaystarnews: :https://www.gaystarnews.com/article/a-swedish-orchestra-has-turned-homophobic-hate-mail-into-an-opera/
Related posts:Volcanic ash rains on central Ecuador, blanketing farms Turrialba Volcano erupts again, raining ash over San José Man throws religious icons into Costa Rica’s Poás Volcano PHOTOS: Nicaragua’s Momotombo Volcano still putting on a show QUITO, Ecuador — Three bodies found on Ecuador’s Chimborazo Volcano are believed to be those of climbers who went missing some 20 years ago in an avalanche, officials said Sunday.Mountain guides located the remains Saturday at an altitude of 5,650 meters (18,540 feet) during a climb on the volcano, which soars to 6,310 meters (20,700 feet) high in the Andes, about 130 kilometers (81 miles) south of Quito.A missing persons police official, Fernando De la Torre, said investigators were working to determine if the remains were those of the climbers that went missing in the avalanche that hit between 1994 and 1995.The frozen remains were found with backpacks, climbing gear and a film camera.Snowcapped Chimborazo is Ecuador’s highest currently inactive volcano. See also: Volcanic ash rains on central Ecuador, blanketing farms Facebook Comments
Facebook Comments See also: Meet Dan Roosegaarde – ‘You’re always a voluntary prisoner of your imagination’The International Design Festival, or FID, is known for bringing provocative speakers and inspiring projects to the Antigua Aduana in east-central San José, and this year’s fest – the seventh edition – was no exception. Take a look behind the scenes. Related posts:2017 International Design Festival to feature wide range of guests Highlights from the Design Fest’s first Parque La Libertad edition International Design Festival: How to organize a massive, successful event in Costa Rica Meet Daan Roosegaarde: ‘You’re always a voluntary prisoner of your own imagination’
Related posts:Drones could be stressing out wildlife, scientists suggest To conserve the Amazon, the forest must become an economic ‘asset’ He posted on Facebook about killing a jaguar; now this young Tico could be in hot water Costa Rican cities overrun with adorable coatis MAMIRAUÁ RESERVE, Brazil—A hoarse sound abruptly wakes visitors staying at a floating house that serves as a base for environmentalists on the Jaraua river in the Amazon rainforest.During flood season, the Mamiraua Sustainable Development Reserve—located 500 kilometers (310 miles) from the Amazonas state capital Manaus—fills with water.For researchers from the Mamiraua Institute and WWF-Brazil, that means their nearest neighbor is a caiman they call Dominique. It has decided to squat for the day at the end of their house.But the surprising noise was something else.“Don’t worry! That’s just the river dolphins breathing. It’s scary in the middle of the night, right?” biologist Andre Coelho says.The next day, scientists got into two boats, slowly navigating the endless spread of water-filled forest.In this primeval landscape, the researchers used a drone to help them watch the Amazon’s pink river dolphins, whose scientific name is Inia geoffrensis.The voyage in late June, which AFP was invited to follow, was the last in the series of a project called EcoDrones, which monitors populations of the pink river dolphin and another type, the tucuxi, or Sotalia fluviatilis. Drone view of Mamiraua Institute and WWF-Brazil researchers working in the area of Maciel Lake at Mamiraua Sustainable Development Reserve in Amazonas state, Brazil, on June 28, 2018. AFP Photo / Mauro Pimentel“We need to understand their behavior and habits so that we can propose policies for their preservation,” said Marcelo Oliveira, from the World Wildlife Fund-Brazil.Drones “are a tool that will reduce costs and speed up the investigations,” said oceanographer Miriam Marmontel, from the Mamiraua Institute.The expedition is using new thermal imaging cameras to allow work to continue at night.“We can observe the animals at times when before it was impossible,” Oliveira said.Some of the research will be sent to the University of Liverpool in association with WWF-Brazil, with hopes of developing an algorithm that will allow scientists to identify every one of the dolphins during their observations.“There are many different Amazons in what we call the Amazon jungle,” said Marmontel.“Our monitoring means we can understand how to preserve animals in each region — what are the dangers and how they can be faced.” Facebook Comments
BAKU, Azerbaijan (AP) – Azerbaijan’s president on Friday vehemently defended his pardon of a military officer who murdered an Armenian officer with an ax, a decision that has drawn strong international criticism.Last week’s pardon of Ramil Safarov has aggravated tensions between the two countries and raised concerns about resumption of fighting over a separatist region of Azerbaijan that has been under Armenian control since 1994. The Nagorno-Karabakh region of Azerbaijan and some adjacent territory has been under the control of Armenian troops and local ethnic Armenian forces since a 1994 cease-fire. That agreement ended a six-year war that killed an estimated 30,000 people and drove about 1 million from their homes.(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) Parents, stop beating yourself up Mary Coyle ice cream to reopen in central Phoenix Construction begins on Chandler hospital expansion project Former Arizona Rep. Don Shooter shows health improvement Bottoms up! Enjoy a cold one for International Beer Day 3 international destinations to visit in 2019 Comments Share Top Stories Safarov killed the Armenian in 2004 while both were in Hungary on a NATO language course. He was sentenced to life imprisonment, but Hungary repatriated him, saying Azerbaijan promised that he would serve out his sentence at home.But Safarov was pardoned immediately by Azerbaijani President Ilham Aliev upon his arrival in Azerbaijan’s capital of Baku. He was even promoted from lieutenant to major and given back wages for the years he spent in Hungarian custody.Aliev told a news conference Friday the pardon was allowed by the constitution and that “the decision to pardon him is correct from the legal viewpoint and is well-founded.”The U.N.’s top human rights official, meanwhile, strongly criticized the pardon for Safarov.U.N. High Commissioner for Human Rights Navi Pillay’s spokesman, Rupert Colville, told reporters Friday in Geneva that “ethnically motivated hate crimes of this gravity should be deplored and properly punished.”He added the U.N. hopes this won’t harm efforts to end the dispute between ex-Soviet neighbors Azerbaijan and Armenia over the Nagorno-Karabakh territory.Aliev’s pardon of Safarov has angered Armenia and raised concerns about a possible resumption of hostilities. Sponsored Stories Top holiday drink recipes