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Counsel announces fund mergers

first_img Related news imilian/123RF TDAM revises product suite Mississauga, Ont.-based Counsel Portfolio Services Inc. is terminating five corporate class funds. Tessie Sanci Investors have approved a resolution that will see the merger of those funds into their corresponding trust fund equivalents. The change is expected to be effective on or about Jan. 13, 2017. The continuing funds are: Counsel Global Small Cap (in place of Counsel Global Small Cap Class); Counsel International Growth (in place of Counsel International Growth Class); Counsel Short Term Bond (in place of Counsel Short Term Fixed Income Class); Counsel U.S. Growth (in place of Counsel U.S. Growth Class); Counsel U.S. Value (in place of Counsel U.S. Value Class). The firm is also seeking approval to terminate Counsel International Value Class and merge that fund into Counsel International Value, which will occur in a special meeting of investors on Dec. 20. Photo copyright: imilian/123RF Facebook LinkedIn Twitter Keywords Corporate class mutual fundsCompanies Counsel Portfolio Services Inc. Share this article and your comments with peers on social media Mackenzie to wind up corporate class funds Corporate-class funds offer tax benefitslast_img read more


The Irish are Coming

first_imgAdvertisements RelatedThe Irish are Coming RelatedThe Irish are Coming RelatedThe Irish are Comingcenter_img FacebookTwitterWhatsAppEmail The Irish will be coming to Jamaica in their numbers to support their team during the group stages of the ICC Cricket World Cup (CWC) 2007 and will be bringing with them a famous Irish band, whose identity the Jamaica Local Organizing Committee (LOC) is keeping under tight wraps.“I was surprised at the energy and interest that they (Irish) have shown about Jamaica and the fact that they have facilitated the provision of an extremely well-known Irish band that will be here from March 9 to 18 and that band will also appear at the opening ceremony,” said Robert Bryan, Executive Director of the LOC.He noted that so far, close to a thousand supporters from the Irish communities of Belfast and Dublin are booked to stay in Ocho Rios in St. Ann. The number is expected to grow as the tournament nears.“Their only requirement is that we should ensure that when they are coming into Kingston for the matches, that along the way on the bus, that there is lots of Guinness and plenty music,” a pleased Mr. Bryan told JIS News, noting that the coming of the Irish offered “tremendous amount of growth in that high end market”.Indeed, plans are in high gear to fete this important group of cricket supporters and on March 17, St. Patrick’s Day, the Jamaica LOC in collaboration with other entities, will stage a major event in downtown Kingston.“Fireworks and all of that will take place in recognition of ‘JamPatricks’ Day.to demonstrate when Shamrock meets Jamrock,” Mr. Bryan informed. Ireland will also play Pakistan on that day.In addition, he said, “we have something special planned for the (Bog Walk) Gorge, which will be announced later. We want to make sure that the experience through the Gorge is going to be good for our Irish fans and other visitors”.The Executive Director also encouraged the civic, business and professional sectors in St. Ann and in particular the Ocho Rios area, to put plans in place to entertain the Irish contingent. Ireland will commence its World Cup campaign on March 16 against Zimbabwe, which will be followed by a match with Pakistan on March 17 and then with the West Indies on March 23. The Irish are Coming UncategorizedFebruary 5, 2007last_img read more


Vauxhall Girls Bouncing on Resurfaced Multi-Purpose Court

first_imgRelatedVauxhall Girls Bouncing on Resurfaced Multi-Purpose Court RelatedVauxhall Girls Bouncing on Resurfaced Multi-Purpose Court Advertisements FacebookTwitterWhatsAppEmail It is clear that things are easier said than done, as in the case of the bold female teachers of Vauxhall High School in Kingston, who initially set out to show their much younger students some old school netball, but instead found themselves thoroughly thrashed by the students in a 10-minute demonstration game on March 18.The final score was 6 zip, with the students winning bragging rights, albeit for a few short minutes until classes resumed, after the official handing over of the multi-purpose court at the school.However, not lost in the somewhat surreal moment was the fact that both teams were enjoying themselves on the newly resurfaced multi-purpose court, funded by the Sport Development Foundation (SDF). In fact, it almost seemed that the new court offered an unfair advantage to the fleet footed, who displayed such a jolly bounce in their movements, that it is very possible that the prediction of their Principal, Angela Chaplin, will come true.The prediction, according to the Principal, is that the team will be the number one ranked team in three years.She is not alone in this belief. Her students actually believe her. For 15 year-old Shereesha Richards, a member of the Jamaica Under 16 netball team, which will be travelling to Antigua from April 3-13 to compete in the 2008 Caribbean Netball Association competition, the possibilities are endless with the new court, which she says is more than alright for good play.“It is smooth and it helps me play a lot better than on the first court we had. The first court was more like gravel and if we fell, we would get scrapes and other injuries. This one is so smooth and quite alright,” she tells JIS News.“We will rise up and be number one in three years,” the tall 9th grader proclaimed, supported by the nodding of heads by her teammates.While their belief in their talent is obvious, the journey into the present resonates deeply for the Principal who arrived with her bright vision for the school back in 2002. She remembers three of her male students speaking to her about the “dirt tracks” they called both the netball and basketball courts. “The three boys said look at our field. Look at it.it is pure dirt,” she says. In fact, she took a picture of them posing on the “dirt track” and kept it in her files.Comments like those from the three students provided motivation to approach the SDF. “I asked them about the multipurpose court and when they agreed, I also realised that I had the other space for the basketball court, which also needed work, so I called and I begged for them to do something,” she says.“As it is a coed school and I have a soft spot for the boys, I had to ask because I know that once the boys are actively involved in a sport, it makes a lot of difference,” Miss Chaplin adds.For General Manager at the SDF, Ludlow Watts, the granting of the requests was a “no brainer,” as the project defines the mission of the SDF, that of contributing to the development of the nation through sports.“When we got the request from Vauxhall, we did not see it as a problem but more as an opportunity to fulfill our mandate. Even though you thank us, we thank you [Vauxhall High School] for giving us the opportunity to fulfill our mandate,” he said at the opening ceremony.He explained that it was the custom of the Foundation to build one court in an institution, but Principal Chaplin was so persuasive in her request that the Chairman of the SDF, David Mais gave the go ahead after Mr. Watts had presented their case. “This is one of a few occasions that we have done two courts at one institution. The Principal said that the boys would have one facility for basketball and the other for the ladies for netball, so we did it,” he noted.“We expect that you will keep the facility well maintained and we will return in three years time to celebrate with you being champions of high school netball and basketball,” he said.Manager for the project, Shahitha Ahamed tells JIS News that upon approval, the $1.4 million project was relatively problem free, therefore it was completed in a timely fashion. “We actually resurfaced the court, did the markings and goal installations in three to four weeks,” she said. Work commenced in January and ended in February.Enclosure of the area will be undertaken by New Era Fencing, which Principal Chaplin says always responds when beckoned by Vauxhall.Equally impressed with the finished facility is proud past student and Acting Chairman of the Board, Lt. Col. Trevor McCurdy, who recalled that as a cadet, his group had to share the area with the netballers. He says the multipurpose courts will go a long way in promoting other sports in the school, especially basketball, which he reminded was played at the school in his day. In fact, back in 1974, the school was among the first to have a basketball court built. “Jamaica was however, not ready for basketball at that time,” he noted.The sky is now the limit for what the 1,607 student population can accomplish in the area of sports. The Principal, who did not allow the school to enter the high school basketball competition because of the poor condition of the court, is all gung ho about having their teams train properly and compete in more sports.“We can develop a better school spirit by doing this. It really makes a difference in terms of how the children operate. They feel proud about themselves and their school and this helps a lot with overall discipline,” she points out.In fact, there are plans to put physical activities higher on the agenda as she believes that children should participate in sports up to Grade 11, which is not the case now as Grade 9 is the cut off point.“By pushing sports up to Grade 11, this will help to cut back on the levels of obesity and depression in our children, because exercise helps their minds as well as bodies,” she says. “I am looking at the timetable to see how we can incorporate this. Also in the afternoons, we want the students to be more involved in football, volleyball and netball,” she adds.Plans are also afoot to improve the football field, which is in need of minor adjustments. The Principal says that there is currently the need to look at the water supply to the field. “We need to re-investigate this, because we are supposed to have a well at the school, but someone will have to find and examine it,” she says. She believes that the SDF will provide some assistance in this area, as SDF officials, after the official opening ceremony, inspected the field.By extension, the surrounding community will also benefit from the improvements to the sports facility at the school. “We are a community school, so it gives us an opportunity to have world class facilities to share with the community,” the Principal explains.“On a weekend the community comes in and uses the facilities.and in fact, next month the Optimist Club Zone 5 is going to have sports day here [Vauxhall High School],” she notes.The Principal says she is ready to take another picture with her three male students, but this time with an infinitely better backdrop – the newly resurfaced multipurpose courts – and it certainly will not be buried in the files. “Today is just one of those fantastic days and it is my pleasure to say thanks to the SDF,” Miss Chaplin adds.center_img RelatedVauxhall Girls Bouncing on Resurfaced Multi-Purpose Court Vauxhall Girls Bouncing on Resurfaced Multi-Purpose Court UncategorizedMarch 20, 2008last_img read more


Freight train derailment at Sheffield station

first_imgFreight train derailment at Sheffield station At about 02:45 hrs on 11 November 2020, a freight train conveying 34 wagons loaded with cement powder derailed as it was passing through Sheffield station at around 12 mph (19 km/h). The train was travelling from Hope cement works in Derbyshire to Dewsbury cement terminal in West Yorkshire.A total of 16 wagons derailed after passing the north end of Platform 1. The leading ten wagons and the rear eight wagons remained on the track. One of the derailed wagons tipped onto its side and spilled some of its cargo onto the track.The train brake pipe started to leak as the wagons derailed, resulting in a gradual application of the brakes. The driver saw the brake pipe pressure gauge dropping and applied the train brake, thus stopping the train. This coincided with the signaller making an immediate ‘stop all trains’ emergency call to trains in the station area after becoming aware of multiple track and signalling failures.RAIB’s preliminary examination found that a series of rail fastenings, intended to maintain the correct distance between the rails, had broken. Initial evidence suggests that some of these were already broken before the derailment. Consequently, as the freight train passed, the rails moved apart and some of the wagons’ wheels dropped into the space between the rails.Train services were disrupted for several days while the wagons were recovered and the consequent track damage repaired.Our investigation will seek to identify the sequence of events which led to the accident. It will also consider any factors relevant to the design and maintenance of both the track and the wagons involved, how the risk of derailment was controlled at this location and any relevant underlying factors.Our investigation is independent of any investigation by the railway industry or by the industry’s regulator, the Office of Rail and Road.We will publish our findings, including any recommendations to improve safety, at the conclusion of our investigation. This report will be available on our website.You can subscribe to automated emails notifying you when we publish our reports. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:accident, Emergency, Government, hope, industry, investigation, Safety, Sheffield, space, UK, UK Government, websitelast_img read more


Lilydale School Hub Opens As Koorie Strategy Launches

first_imgLilydale School Hub Opens As Koorie Strategy Launches VIC PremierLilydale students are learning in world-class facilities as part of a $56.3 million investment in local secondary students through the Lilydale District and Yarra Valley Education Plan, thanks to the Andrews Labor Government.Minister for Education James Merlinoand Member for Eastern Victoria Harriet Shing today visited Lilydale Heights College to tour the school’s new sustainable learning hub, town square, gym, canteen and staff room completed as part of an $8 million Stage 1 upgrade.Mr Merlino also officially launched a four-year Collaborative Indigenous Strategy, which aims to ensure a culturally inclusive environment for Koorie students across the six schools involved in the Education Plan.Created to align with the Marrung, Aboriginal Education Plan 2016-2026, the strategy provides a safe and inclusive learning environment for indigenous students, with Aboriginal cultures and histories celebrated across the schools.The strategy also aims to address lower retention rates of Koorie students and support them to complete their Year 12 certificate. It will also provide greater pathway options toward further education, training and employment.Under the strategy, First Nation Advocates have been appointed at each school, along with the running of a Yarning Circle – in which students provided feedback on what they wanted to see at the school and how they would like to connect with Aboriginal culture. The strategy was developed collaboratively by principals at Healesville High School, Lilydale Heights College, Lilydale High School, Mooroolbark College, Upper Yarra Secondary College and Yarra Hills Secondary College and will be implemented across the six schools.The Lilydale District and Yarra Valley Education Plan brings the six schools together to ensure every student has access to high quality secondary education, improved wellbeing and engagement services, and future focused pathway and learning opportunities.The $8 million upgrade at Lilydale Heights College is just one part of a massive investment across Lilydale District and Yarra Valley secondary schools as part of the Education Plan. A further $16.65 million was allocated across 2020 for additional upgrades at the school, while $31.7 million of upgrades are scheduled or underway at Lilydale High School and Upper Yarra Secondary College.In the past five years, the Labor Government has invested more than $9 billion in more than 1,600 school upgrades, creating more than 10,000 construction jobs.As stated by Acting Premier and Minister for Education James Merlino“These works are providing Lilydale students with the first-rate facilities they deserve to go about their learning. The Indigenous Strategy is about better supporting Koorie students across Lilydale and the Yarra Valley to stay in school and help them to connect with further opportunities for study or work.”As stated by Member for Eastern Victoria Harriet Shing“The students, staff and teachers at Lilydale Heights College have a well-deserved reputation for being diverse, inclusive, innovative and high-achieving.” “It’s been such a pleasure to see this project come to fruition, and I can’t wait to see students enjoying these facilities and engaging with the Collaborative Indigenous Strategy.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Aboriginal, Andrews, AusPol, Australia, Eastern, education, employment, environment, Government, Healesville, Indigenous, Investment, secondary school, sustainable, Victoria, wellbeing, Yarra, Yarra Valleylast_img read more


Many more in GOP rejecting Trump’s bid to undo his defeat

first_imgHomeNewsMany more in GOP rejecting Trump’s bid to undo his defeat Jan. 05, 2021 at 5:00 amNewsMany more in GOP rejecting Trump’s bid to undo his defeatGuest Author5 months agotrump With mounting desperation, President Donald Trump called on Republican lawmakers Monday to reverse his election loss to Joe Biden when Congress convenes for a joint session this week to confirm the Electoral College vote.Trump’s unprecedented attempt to overturn the presidential election i s splitting the Republican Party. Some GOP lawmakers backing Trump are rushing ahead, despite an outpouring of condemnation from current and former party officials warning the effort is undermining Americans’ faith in democracy. All 10 living former defense secretaries wrote in an op-ed article that “the time for questioning the results has passed.”It’s unclear the extent to which GOP leaders in Congress will be able to control Wednesday’s joint session, which could drag into the night though the challenges to the election are all but certain to fail. Trump himself is whipping up crowds for a Wednesday rally near the White House.Trump’s allies are taking up his unfounded claims of voter fraud. But according to a consensus of election officials in the states he’s disputing — as well his former Attorney General William Barr — there is no evidence of fraud that could change the election outcome. Officials who have control over elections in their states, including battlegrounds Biden won, have certified those results as valid.Of the more than 50 lawsuits the president and his allies have filed challenging results, nearly all have been dismissed or dropped. He’s also lost twice at the U.S. Supreme Court.The effort to keep Trump in office is being led by Sens. Josh Hawley of Missouri and Ted Cruz of Texas, along with rank-and-file House members, some on the party’s fringe.“Just got off the phone with @realDonaldTrump,” tweeted newly elected Rep. Marjorie Taylor Greene of Georgia, who is aligned with a conspiracy group backing Trump.“He wants you to call your Rep & Senators TODAY, ALL DAY!” she tweeted Monday. “Don’t let Republicans be the Surrender Caucus!”Senate Majority Leader Mitch McConnell was conferring privately with other Republicans to assess the days ahead, a defining period that will help shape the post-Trump era.Both Hawley and Cruz are potential 2024 presidential contenders, vying for Trump’s base of supporters. Vice President Mike Pence, who is under pressure to tip the results for Trump, will be closely watched as he presides in a ceremonial role over Wednesday’s joint session.“I promise you this: On Wednesday, we’ll have our day in Congress,” Pence said while campaigning in Georgia for Republicans ahead of Tuesday’s runoff elections that will determine control of the Senate.One of those Georgia Republicans, Sen. Kelly Loeffler who faces Democrat Raphael Warnock, announced she will object to Biden’s win. The other Republican seeking re-election, David Perdue, who is running against Democrat Jon Ossoff, will not be eligible to vote Wednesday in the Senate.Biden, speaking at a drive-in rally in Atlanta, said Trump “spends more time whining and complaining” than he does working on solving the coronavirus pandemic. He added dismissively: “I don’t know why he still wants the job — he doesn’t want to do the work.”During the day Monday, more current and former GOP officials rebuked the effort to upend the election.Former Sen. John Danforth of Missouri offered sharp criticism of the attempt by Hawley and the others, an especially stinging statement since Danforth has long been a supporter of Hawley.“Lending credence to Trump’s false claim that the election was stolen is a highly destructive attack,” Danforth, the 84-year-old three-term senator from St. Louis, said in a written statement. “It is the opposite of conservative; it is radical.”Two current Republican senators, Rob Portman of Ohio and Mike Lee of Utah, joined the growing number who now oppose the legislators’ challenge.Portman said in a statement, “I cannot support allowing Congress to thwart the will of the voters.”The U.S. Chamber of Commerce, the giant lobbying organization and virtual embodiment of the business establishment, said that the electoral vote challenge “undermines our democracy and the rule of law and will only result in further division across our nation.”Massachusetts GOP Gov. Charlie Baker said at a press conference that Biden “won the election fair and square.”McConnell has tried to prevent his party from engaging in this battle. House Minority Leader Kevin McCarthy, a Trump ally, has declined to say much publicly on it.So far, Trump has enlisted support from a dozen Republican senators and up to 100 House Republicans to challenge Biden’s 306-232 Electoral College win.With Biden set to be inaugurated Jan. 20, Trump is intensifying efforts to prevent the traditional transfer of power. On a call disclosed Sunday, he can be heard pressuring Georgia officials to “find” him more votes from the Nov. 3 election he lost in that state.Speaker Nancy Pelosi, who convened a private call of House Democrats on Monday, said in a letter to colleagues their job now “is to convince more of the American people to trust in our democratic system.”The challenge to the presidential election is on a scale unseen since the aftermath of the Civil War, though the typically routine process of confirming Electoral College votes has been hit with brief objections before. In 2017, several House Democrats challenged Trump’s win, but Biden, who presided at the time as the vice president, swiftly dismissed them to assert Trump’s victory.States run their own elections, and Congress has been loath to interfere. Despite Trump’s objections, many states adapted to the coronavirus pandemic by allowing more mail voting to ease health risks of voting in person.“The 2020 election is over,” said a statement Sunday from a bipartisan group of 10 senators, including Republicans Susan Collins of Maine, Lisa Murkowski of Alaska, Bill Cassidy of Louisiana and Mitt Romney of Utah.Republican Sen. Tom Cotton of Arkansas, another potential 2024 presidential hopeful, announced he, too, would not oppose the counting of certified electoral votes.A range of Republican officials, including Gov. Larry Hogan of Maryland; Rep. Liz Cheney of Wyoming, the third-ranking House GOP leader; and former House Speaker Paul Ryan, have criticized the GOP efforts to overturn the election.Hawley defended his actions in a lengthy email over the weekend to colleagues, saying his Missouri constituents have been “loud and clear” in insisting Biden’s defeat of Trump was unfair.Hawley plans to object to the state tally from Pennsylvania, although that state’s Republican senator, Pat Toomey, has said the results naming Biden the winner are valid.Cruz’s coalition of 11 Republican senators vows to reject the Electoral College tallies unless Congress launches a commission to immediately conduct an audit of the election results. Congress is unlikely to agree to that.The group, which presented no new evidence of election problems, includes Sens. Ron Johnson of Wisconsin, James Lankford of Oklahoma, Steve Daines of Montana, John Kennedy of Louisiana, Marsha Blackburn of Tennessee, Mike Braun of Indiana, Cynthia Lummis of Wyoming, Roger Marshall of Kansas, Bill Hagerty of Tennessee and Tommy Tuberville of Alabama.Associated Press writers Bill Barrow in Atlanta, Steve LeBlanc in Cambridge, Massachusetts, Jim Salter in O’Fallon, Missouri, Alan Fram in Washington and Tali Arbel of the Technology Team. contributed.Tags :trumpshare on Facebookshare on Twitteradd a commentManhattan Beach removes outdoor seating due to COVID surgeEssential Interviews: Fire Captain Jon SlyYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall5 hours agoNewsCouncil picks new City ManagerBrennon Dixson16 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter16 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor16 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press16 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press16 hours agolast_img read more


Alibaba’s revenue jumps 46% in Q2

first_imgHomeAsiaNews Alibaba’s revenue jumps 46% in Q2 Alibaba pledges reform after $2.8B anti-monopoly fine Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he… Read more Joseph Waring Alibaba Group posted a strong jump in revenue in the second quarter while its net profit almost tripled to CNY12.4 billion ($2 billion) from a year ago.The better-than-expected results come just weeks before the company’s much anticipated IPO in the US, which analysts now are forecasting to have a valuation of more than $200 billion. That would make it the largest tech IPO ever – topping both Amazon and eBay.The company’s Q2 revenue climbed 46 per cent to CNY15.77 billion ($2.54 billion) compared with the same period in 2013. The growth is up from a 39-per cent revenue increase in Q1, which had disappointed some analysts.The surge in its net income was due to CNY6.76 billion in interest and investment income.Its focus on a mobile platform is paying off, with mobile revenue doubling from the previous quarter to CNY2.45 billion. Mobile now accounts for a third of gross merchandise transactions – up from 27 per cent the previous quarter.That is expected to continue to rise as shoppers increasing turn to mobile devices to make purchases.The country’s Ministry of Industry and Information Technology reported in July that 83 per cent the country’s 632 million internet users now access the internet via mobile devices. That’s up 18 percentage points since 2011, or an addition of about 210 million mobile internet users.Alibaba said annual active buyers increased 50 per cent to 279 million from a year ago (up 9 per cent from the previous quarter) while the average buyer made 52 orders in the last year (up from 45 a year ago).The number of annual active sellers was up 11 per cent to 8.5 million from Q1, and mobile monthly active users (MAUs) rose 15 per cent to 188 million.The company’s spending on sales and marketing jumped 70 per cent year-on-year to CNY1.2 billion, and R&D spending increased 68 per cent to CNY1.9 billion.Its Taobao marketplace, aimed at smaller merchants, saw gross merchandise revenue increase 33 per cent to CNY342 billion while Tmall’s expanded 81 per cent to CNY159 billion.In a filing Alibaba said it had drawn down a $8 billion credit facility and has arranged another $3 billion line of credit. Asia Author AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 28 AUG 2014 center_img China cybersecurity unit targets deepfake threat Related Previous ArticleIndian operators to open up network to banksNext ArticleTaiwan’s 4G players face price war Baidu wins approval for secondary listing in HK Tags AlibabaIPOmobile revenuelast_img read more


BT reportedly offers top job to Worldpay boss

first_imgHome BT reportedly offers top job to Worldpay boss Related Tags Previous ArticleTencent, SHKP partner to promote WeChat Pay in HKNext ArticleTelia cuts boost Q3 profit, though home woes continue Author UK telecoms giant BT reportedly offered its CEO position to Philip Jansen, the co-chief of payments company Worldpay, with an official announcement on the cards next month.Bloomberg reported the news, but added that Jansen could still turn the role down, according to sources. Should BT secure a new CEO – a position left vacant by the departing Gavin Patterson – it could make the move official on 1 November 2018, when it reports its H1 results.The publication added BT has lined up alternatives should Jansen reject the offer, with candidates including ex-CEO of its UK mobile operator EE, Olaf Swantee, who currently leads Switzerland’s Sunrise Communications.However, Jansen is the front runner at this stage.Sky News reported in September that the Worldpay chief had entered into advanced discussions about taking over at BT, and the job was his to turn down.Adding fuel to the fire, Worldpay had already announced Jansen was due to leave the company on 31 December.Jansen is a stalwart in the payments industry and most notably oversaw Worldpay’s $10.4 billion merger with e-commerce platform Vantiv, which closed earlier this year. He also led the company’s market debut, holding an IPO in 2015 that raised $2.8 billion.BT is still trying to fill the soon to be vacant CEO position, after it came to light Patterson would leave the role around four months ago. Patterson’s departure came amid poor financial performance, in addition to clashes with UK regulator Ofcom and an accounting scandal in Italy.Along with Jansen and Swantee, Verizon group chief Ronan Dunne and Proximus boss Dominque Leroy, among others, have also been linked to the job. Subscribe to our daily newsletter Back Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 19 OCT 2018 BT mulls options for sports TV service BT consumer boss opens net neutrality debate Kavit Majithia BT preps renewed 5G push, pandemic hits earnings BTEElast_img read more


German regulator assesses DT, Vodafone rural pact

first_img Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved… Read more Home German regulator assesses DT, Vodafone rural pact The head of Germany’s competition authority revealed the regulator was assessing a proposed agreement between Deutsche Telekom (DT) and Vodafone Germany to share network facilities in areas with limited LTE coverage, Handelsblatt reported.In an interview with the newspaper, Bundeskartellamt president Andreas Mundt said the organisation was canvassing opinion on the agreement, with potential concerns it could put rivals Telefonica Deutschland and 1&1 Drillisch at a competitive disadvantage.The deal was struck in February and will mean the deployment of active network sharing at 4,000 antennas in LTE grey spots, areas where users can only receive a stable 4G signal from one of the two operators.At the time DT said the project was designed to “create a better mobile experience for customers of both companies” in rural areas and along major traffic routes.The agreement is independent from a pact signed by the pair and Telefonica Deutschland in November to deploy 6,000 masts in rural areas and traffic routes with no coverage at all. Subscribe to our daily newsletter Back Operators back Qualcomm role in open RAN path Related Author Previous ArticleHuawei OS heading for smartphones in 2021Next ArticleOrange debuts €500M sustainability bond Deutsche TelekomVodafone Germany Chris Donkin AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 10 SEP 2020 Deutsche Telekom, SoftBank tipped for T-Mobile trade Tags Deutsche Telekom eyes 5G, fibre leadlast_img read more


Intel lines up CEO switch

first_img Previous ArticleQualcomm makes $1.4B move for newbie NuviaNext ArticleUS backs away from latest China tech investment ban AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 13 JAN 2021 Related CEOIntel US chip funding tipped to top $150B EC clears SK Hynix to acquire Intel memory assets Diana Goovaerts Authorcenter_img Home Intel lines up CEO switch Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more Tags Devices Intel’s board sought fresh blood to help it fend off competition and strengthen its position in the chip market, announcing CEO Bob Swan will be replaced by VMware chief Pat Gelsinger on 15 February.The company said the leadership shuffle was unrelated to its 2020 financial performance, adding Q4 revenue was expected to exceed its guidance of $17.4 billion. However, Reuters noted the move came after activist investor Third Point last month pressed for changes to improve Intel’s market position.Intel chairman Omar Ishrak stated “after careful consideration, the board concluded that now is the right time to make this leadership change to draw on Pat’s technology and engineering expertise during this critical period of transformation at Intel”.He praised Gelsinger (pictured, right) as a “proven technology leader”, expressing confidence he would “ensure strong execution of Intel’s strategy to build on its product leadership and take advantage of the significant opportunities ahead as it continues to transform from a CPU to a multi-architecture XPU company”.Gelsinger served as VMware CEO since 2012, having previously spent 30 years working at Intel in various roles including CTO, and senior VP and GM of its Digital Enterprise Group.Swan became CEO in January 2019 after seven months as its interim chief following the resignation of Brian Krzanich. Subscribe to our daily newsletter Back Apple faces 5G modem waitlast_img read more