PERSONALITY OF THE YEAR

first_imgMonday 30 August 2010 8:49 pm Goodness knows, the City has needed a cheerleader in the corridors of power over the past couple of years. And just when he was called for, there he was – mop of blond hair flying, and bicycle shining.When all around him were calling for banker’s heads, Boris Johnson had the gumption to stick up for the capital’s engine-room, calling FSA head Adair Turner’s proposals for punitive taxes on the financial services “crackers”. At the start of the year he went to Brussels and spoke passionately against regulation that could have strangled hedge funds and private equity. At Davos, he told the world’s business elite that London’s free-market ethos trumps the Swiss quality of life any day. When bankers were public enemy number one, he risked unpopularity among the electorate – and the more populist wing of his own party – to stick up for them. In the face of opposition, he did what he thought was right. Bravo to that. AT?the height of the financial crisis and in in its aftermath Angela Knight was everywhere. If a bank went into meltdown, announced a fresh crisis or came under fire from headline-seeking politicians, you could bet that she would soon be on the airwaves, whatever the hour. In its hour of need, she was the City’s Knight in shining armour. Others have defended the City with passion – including Boris Johnson, above – but Knight’s USP was that she was one of the few people who understands the inner workings of the City and the higher echelons of government, having served as a Treasury Minister with Ken Clarke in the 90s. Nobody else has defended the banks in the media as vociferously or as determinedly as Knight. For that, she deserves the City’s thanks. whatsapp At some points this year Willie Walsh must have thought that he was in a bad dream. He endured late-night union discussions to avoid a cabin-crew walkout, only to find that the other side were tweeting details of their meetings. Another meeting was invaded by angry placard-waving Marxists. And then flights were grounded by ash from a volcano. As if the airline industry wasn’t tough enough.But BA’s CEO has kept on fighting to save the carrier. He might have done it. The Iberia merger sidestepped the problems of Heathrow expansion, by moving the company’s centre of operations to Madrid. And in April BA won antitrust clearance to run transatlantic flights with American Airlines. Recently many predicted BA’s demise. Just over half way through the year, Walsh was talking about “creating a platform to create a global carrier.” It has been a heroic effort by the Dubliner. ANGELA KNIGHT, CEO, BRITISH BANKERS’ ASSOCIATION IT’S been another tough year in the City. Stock markets are still nervy, the recovery is by no means secure and a double-dip is on many people’s cards. But it is hard times that form characters. Our five nominees for Personality of the Year have proved their mettle over the past 12 months. One is a banker who showed extraordinary flair and quickness of thought during the crisis and its aftermath. Two have spoken up for the City in its darkest hour. The others are tough-minded British businessmen; one who has fought unions and adversity to save a great British company, and the other is a long-time CEO who has built his company into one of the biggest success stories in the country. All five have shown nerve and toughness, and have contributed to keeping the City as the world’s financial centre. Long may they continue to do so. Don’t miss the City event of the year – get online now and book your table for the City A.M. Awards on Thursday 28 October 2010 at Grange St Paul’s Hotel, London EC4. Call 02082674043 or see www.CityAMAwards.comBOB DIAMOND, PRESIDENT, BARCLAYS CAPITAL His massive bonuses – he is said to have pocketed £20m this year – are what makes Diamond a pin-up boy for those who love the City, and a regular on the dart-boards of those who hate it, but there is no doubting that the American has been one of the winners of the downturn. Diamond’s Barclays Capital was responsible for a whopping 87 per cent of Barclay’s total earnings for the first half of the year, with his team making £3.4bn. True, job cuts are planned, but BarCap still plans to end the year with 10 per cent more staff, after it expands into Asia and bolsters its European equities and advisory unit. Diamond moved to London in 1997 and profited during the boom years, but it was in late 2008 that he showed his quality, holding his nerve to pick up Lehman Brothers’ American operations, a deal that netted him $11.2bn. So far, he seems unstoppable. If the City is about making money in bad times as well as good, then nobody represents it better. PAUL PINDAR, CEO, CAPITAIN a world of big personalities and CEOs who are sometimes more focused on the headlines than the bottom line, there are still some quiet success stories sbout. One is Paul Pindar, who has been the CEO?of Capita since 1999, in which time he has grown its annual profits from £36m to £258m in 2009. If solid perfomance in bad conditions is the sign of solidity and good leadership then Capita looks unshakeable: its profits for the difficult first half of 2010 were up 12 per cent. Capita has already landed major contracts and renewals worth £523m in that time, and acquired seven companies at a cost of £107m. Its dividends increased 18 per cent, and over the past five years it has returned £1.03bn to shareholders. Although it’s best known for its government work, that actually accounts for about a tenth of its turnover. Among its City work, it looks after back-office operations for the Pru. As cash-strapped companies look to outsource more operations Pindar will only go from strength to strength. One of the City’s unsung heroes. WILLIE WALSH, CEO, BRITISH AIRWAYS BORIS JOHNSON, MAYOR OF LONDON More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comcenter_img KCS-content whatsapp Show Comments ▼ PERSONALITY OF THE YEAR Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd Tags: NULLlast_img read more

Food inflation could derail VAT increase

first_img KCS-content Tags: NULL FURTHER rises in food prices could cause annual inflation to accelerate to four per cent and endanger the government’s plans to hike VAT to 20 per cent in January, a leading City economist has warned. Henderson’s chief economist Simon Ward said that recent rises in global food commodity prices may boost annual CPI food inflation to seven per cent by late 2010 from just 1.7 per cent in June. A further increase to 10 per cent would imply annual headline inflation running at four per cent, double the Bank of England’s inflation target. “Such an increase would hit consumer spending and recovery prospects by squeezing real income and money supply expansion. It would also risk destabilising inflationary expectations, particularly if the Monetary Policy Committee (MPC) were thought likely to respond to renewed economic weakness by restarting asset purchases,” he added. “This could warrant postponing or cancelling the coming VAT hike,” Ward cautioned. He said the better-than-expected public sector borrowing numbers could justify cancelling the VAT rise, thereby cutting one percentage point off headline inflation.However, a Treasury spokesman insisted the VAT hike is here to stay, arguing that controlling inflation is a matter for the Bank of England and its monetary policy tools.Other economists have also expressed concern about the impact of rising food prices on the outlook for inflation. Barclays Capital recently raised its forecasts for CPI and RPI inflation based on food prices. Show Comments ▼ Food inflation could derail VAT increase More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comConnecticut man dies after crashing Harley into live bearnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Sunday 12 September 2010 11:26 pm Share whatsapp whatsapplast_img read more

German bank lobby warns new rules will choke profits and hurt growth

first_img Tags: NULL German bank lobby warns new rules will choke profits and hurt growth Show Comments ▼ Share NEW banking rules and levies aimed at preventing future financial crises will choke profits and may threaten economic growth, the trade lobby for Germany’s big banks said yesterday.The Basel III changes to banking capital rules adopted this month went in the right direction but, taken in context with a raft of other proposed taxes and reforms, vastly increased the burden on lenders in Europe’s biggest economy, said the BDB banking association, which represents top lenders like Deutsche Bank and Commerzbank.“Out of every €10 (£13) in profit there will be only €3 left once taxes and levies are deducted,” association head Manfred Weber said. That projection did not even take into account the possible impact of the new Basel III capital requirements, he said.The Bundesbank said that although the new Basel rules and a planned levy in Germany would crimp revenues at German banks in the short term, compared with before the financial crisis, lenders would also benefit from the increased financial stability that it said would result.Banks would be able to meet the new capital rules without hurting growth, the central bank predicted.“The Bundesbank’s assessment is that German financial institutions will be able to raise the additional necessary capital to meet the capital requirements via accumulated earnings and raising capital if needed, without there being a reduction in debt to the real economy’s detriment,” it said.Germany’s recovery had weakened in the last few months but was still intact, the central bank added. whatsapp center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Monday 20 September 2010 8:57 pm KCS-content last_img read more

RSA buys Canada’s GCAN to create fourth-largest insurer

first_img insurer RSA said it had agreed to buy Canada’s GCAN for 420m Canadian dollars (£259m), underscoring its takeover ambitions with a deal that creates Canada’s fourth-biggest general insurer.RSA, best known in Britain for its More Than home and motor insurance business, said the deal would boost earnings immediately, and would generate a mid-teens investment return.The deal comes weeks after RSA made an unsuccessful £5bn bid approach for British rival Aviva’s general insurance operations in the UK, Ireland and Canada.Buying GCAN, currently owned by the Ontario Teachers’ Pension Plan Board, ranks as RSA’s biggest takeover since it bought out minority investors in Danish insurer Codan for £590m three years ago.RSA shares finished flat for the day, slipping 0.1p to 132.5p while the benchmark FTSE 100 share index ended 0.6 per cent lower at 5,555.97.The 300-year old RSA, which has traditionally pursued small bolt-on acquisitions, is funding the GCAN deal from its own cash resources. The group has around 23,000 employees and in 2009 its net written premiums were £6.7bn. Integration costs are estimated at around £12m, with the majority coming in the first year. RSA buys Canada’s GCAN to create fourth-largest insurer Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farminvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition whatsapp KCS-content center_img More From Our Partners Connecticut man dies after crashing Harley into live bearnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Share whatsapp Monday 4 October 2010 9:14 pm Tags: NULLlast_img read more

Odey sets up private client weath fund

first_img Share Tags: NULL whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times KCS-content center_img Show Comments ▼ LEADING City fund manager, Crispin Odey, has launched a new wealth management business aimed at private clients. Odey Wealth Management will charge clients a flat fee of one per cent and it has hired Tim Bond, a former managing director of Barclays Capital and Peter Martin a former managing director of Rothschilds. Odey, the investment manager behind Odey Asset Management who has recently been shortlisted for CityA.M.’s inaugural annual awards, said he believed many investors were getting a raw deal from the current crop of “bloated” wealth managers. The fund manager blamed his contemporaries for seeking consensus economic views, which often led their funds to underperform. He also attacked fund of funds as an investment vehicle alongside fund platforms.“Too many so-called professional investors embrace mediocrity by seeking consensus views that starve private clients of performance whilst lining the managers’ pockets with high and often hidden charges,” he said.“In addition, the fund of funds approach to wealth management has been outed as expensive, opaque and sub-optimal. The platform model is similarly doomed. Private clients want to buy a fund manager’s judgement not an endless choice of ways to lose money.”Odey said his new proposition would attract private clients looking to invest over the long term. He said now was the right time to launch such a proposition because he did not subscribe to the consensus view that there was a high risk of a double dip global recession. He said: “Where we are today equities are quite cheap against cash.” Sunday 10 October 2010 11:00 pm Odey sets up private client weath fund Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wraplast_img read more

Potash plans break up to avoid BHP bid

first_img Potash plans break up to avoid BHP bid whatsapp KCS-content Sunday 10 October 2010 11:50 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm whatsappcenter_img POTASHCORP, the Canadian chemicals giant, is believed to be working on a potential break up of the company as one way of fending off a $38.6bn (£24.1bn) hostile bid from the mining company BHP Billiton.The plan is among several strategies being worked on at Potash – whose advisers include RBC Capital Markets, Goldman Sachs and Bank of America Merrill Lynch – ahead of the deadline for BHP’s $130-a-share bid of 18 November.Another strategy is for a counterbid to emerge from the Ontario Teachers Pension Fund (OTPP), which is believed to have already approached Singapore’s state investment agency Temasek, as part of a search for partners to bid for all or part of PotashCorp.The OTPP is reported to have opened preliminary talks with Temasek, although discussions are at a very early stage.Sinochem, the Chinese state-owned chemicals and fertilisers company, is believed to have approached Temasek last week. But Sinochem appears to be struggling to mount an effective counterbid. Its chances have also narrowed since a Canadian government-sponsored report advised of the dangers of Potashcorp falling into the hands of a state-owned Chinese company.Talks are also thought to have included mining companies and fellow members of the Canpotex cartel – which control the price of potash outside North America. Such attempts are thought to have received strong support from the Canadian GovernmentBut almost two months after BHP first revealed its $130-a-share all-cash bid, a genuine counterbid for the company has yet to emerge.PotashCorp has rejected the BHP offer as “wholly inadequate. BHP has also held a series of talks with Potash’s closest competitors about major asset disposals. These include fellow Canadian Agrium, Norwegian company Yara, Mosaic – a subsidiary of US food giant Cargill – and little-known Russian players Silvinit and Uralkali, to sell the non-Potash parts of its business. According to sources, this could raise between $40 to $50 per share. Tags: NULL Share More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com Show Comments ▼last_img read more

British Land teams up with Canadians for City skyscraper

first_img More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org British Land teams up with Canadians for City skyscraper John Dunne British Land is teaming up with Canada’s Oxford Properties to develop the Leadenhall Building in the City, in the second of two crisis-hit skyscraper projects to be revived within a week.Britain’s second largest property company said it had agreed terms to build the 47-storey tall scheme in a 50:50 joint venture with the real estate arm of the OMERS Worldwide Group of Companies, one of Canada’s largest pension plans.The total development cost is estimated at £338.5m.Last week, British Land’s biggest rival Land Securities announced it would resume construction work on a 37-storey building known as the Walkie Talkie Building at nearby 20 Fenchurch Street after striking a similar tie-up with Canary Wharf Group.The Leadenhall Building is expected to inject 610,000 square feet of space into London’s supply-starved office market, while the Land Securities project will add around 690,000 square feet of commercial space.Construction on both schemes is due to resume in January, with completion due on the Leadenhall Building in the second quarter of 2014, the quarter after Land Securities aims to complete its project. Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoveryUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndocenter_img whatsapp Tags: NULL Show Comments ▼ Monday 25 October 2010 2:54 am whatsapplast_img read more

Station plans for Crossrail are unveiled

first_imgThursday 18 November 2010 8:06 pm Share Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Station plans for Crossrail are unveiled whatsapp KCS-content LONDON Mayor Boris Johnson yesterday unveiled new station designs for Crossrail.Johnson showed pictures of eight new Crossrail stations, five of which are underneath Central London. The stations feature wide platforms, escalators and lifts to ease congestion. All stations will also have step-free access to platforms.Speaking at the event, Johnson said that Crossrail will form the backbone of London’s rail infrastructure. He said: “As Crossrail moves from the drawing board to reality we can see the breathtaking benefits it will bring to our city.”Rail minister Theresa Villiers, also at the event, said Crossrail will add 10 per cent to London’s rail capacity, and move more workers into the City. “[Crossrail] will create thousands of jobs and potentially generate up to £50bn for the UK’s GDP,” Villiers said.The £16bn project will bring passenger trains under central London. The line, running from east-to-west, has direct connections between the City and Heathrow, London City Airport, and Eurostar rail services at Stratford. It will also run to Canary Wharf.The station designs are displayed until 8 December at the Building Centre, near Tottenham Court Road Underground station. whatsapp Show Comments ▼last_img read more

Greece says it’s on target while Portugal teeters

first_img Greece says it’s on target while Portugal teeters whatsapp Show Comments ▼ Tuesday 23 November 2010 8:58 pm Share whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comcenter_img KCS-content GREECE claimed it is on track to meet the fiscal targets laid out in the terms of its International Monetary Fund (IMF) bailout, despite being on the verge of missing the 2010 deficit target.IMF and EU inspectors said that, while it would miss its 2010 target by around 1.5 per cent, the country had made enough of an effort to qualify for the next, €9bn (£7.6bn) installment of its loan.IMF mission chief for Greece, Poul Thomsen said: “The programme is broadly on track and policies are being implemented as agreed.”The IMF also moved to reassure markets spooked by the second Eurozone bailout being negotiated in Dublin that Athens would not be left in the lurch if repayments on its emergency loan become too burdensome. Thomsen said: “What we are saying to the markets is we know there could be a problem [for Greece]. Don’t worry about it, if it proves to be a problem we’ll deal with it.”Meanwhile, Portugal teetered ever closer to the edge yesterday as it announced its state deficit has widened, prompting fears it could be the next Eurozone domino to fall. The beleaguered country is desperate to avoid an IMF bailout, with its Prime Minister adamant it will be able to cut its budget sufficiently. Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULLlast_img read more

King planned bailout fund six months before banking crisis

first_img Share Show Comments ▼ King planned bailout fund six months before banking crisis More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Tags: NULL whatsapp whatsapp THE governor of the Bank of England was so concerned about the global economy that he suggested the UK, US, Switzerland and Japan create an international bailout fund six months before the economic crisis hit its peak, a confidential US diplomatic cable released by Wikileaks revealed yesterday.The cable dated 17 March 2008 details discussions over lunch between US ambassador Robert Tuttle, US Treasury deputy secretary Robert Kimmitt and Mervyn King, in which the Bank governor said the group of four countries must find a way to keep the banks from collapsing and that a coordinated effort to recapitalise the global banking system could become necessary. He suggested the creation of the group could be temporary but was necessary given the “almost dysfunctional” nature of the G7 in relation to economic issues.It said King’s proposals were “not casual ideas” adding King’s “principal objective in the meeting” was to outline his thinking for Kimmit.Six months later Royal Bank of Scotland, Lloyds Bank and Halifax Bank of Scotland had been rescued by the government. Tuesday 14 December 2010 9:17 pm KCS-content last_img read more