Bank of England upgrades UK growth forecast as household spending boosts economy

first_img whatsapp Bank of England upgrades UK growth forecast as household spending boosts economy Activists protested outside the Bank of England this morning. (Source: Fossil Fuel London/Positive Money)The MPC predicted that Britain’s economic growth will stay flat at 1.6 per cent in 2020, matching growth in 2019. But the group foresees it hitting 2.1 per cent in 2021, 0.3 percentage points higher than predicted in February.Inflation is expected to rise above the Bank’s two per cent target briefly during the second quarter of this year as the Ofgem price cap is increased, pushing up energy prices.Read more: UK inflation rate holds steady sending Britons’ real wages higherHowever, inflation in 2020 is expected to be lower than originally forecast, at around 1.7 per cent, thanks largely to falling wholesale gas and electricity prices.Consumers keep spending Read more: Climate change protesters target Bank of England rate-settersOutside the Bank, climate protestors had gathered to demand the institution go green and spend its stimulus money on eco-friendly companies. Carney said the bank’s financial policy committee (FPC) rather than the MPC were responsible for ensuring the financial system played its part in mitigating climate change. whatsapp More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.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.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comColin Kaepernick to publish book on abolishing the policethegrio.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com A large part of the economic growth will be due to household spending, which has been remarkably resilient during the Brexit impasse. Household consumption is now expected to grow 0.4 per cent in the first quarter of the year. Bank of England governor Mark Carney said: “Real wage income is growing and that’s what’s driving consumption.”Consumption has become increasingly important due to shrinking business investment, which is expected to continue for another two quarters, and weakening international trade.Carney said it was likely that businesses were hiring people who can be laid off later instead of investing. “The relative cost of investment versus hiring has shifted quite substantially in favour of hiring,” he said.Britain’s economic situation will also be boosted by a strengthened global economy towards the end of 2019, the Bank said. The MPC said a spate of central banks holding or cutting their interest rates and US-China tariff increases being taken off the table will benefit the UK.In one of governor Mark Carney’s last economic reports as Bank of England chief, the MPC reiterated its warning about a no-deal Brexit, saying: “A disorderly exit could severely impair the productive capacity of UK businesses.”center_img Harry Robertson The Bank of England once again voted to keep interest rates on hold today, as it painted a picture of an economy propped up by household spending as Brexit uncertainty continues.Read more: City A.M.’s shadow MPC votes to hold interest rates despite recent growth Share Thursday 2 May 2019 12:06 pm Threadneedle Street also upgraded Britain’s 2019 economic growth forecast to 1.5 per cent compared to the 1.2 per cent foreseen in February, thanks in part to a “temporary” boost from Brexit stockpiling.The first monetary policy committee (MPC) decision since Britain’s membership of the European Union was extended until 31 October saw a unanimous vote to keep the headline interest rate at 0.75 per cent.Rates risesThe Bank maintained its view that “an ongoing tightening of monetary policy” from now until 2022 was the right course, largely due to its prediction that excess demand will pick up strongly in the economy. This guidance that it will raise rates makes the institution rare among leading central banks, which have been more dovish.The MPC emphasised that the UK’s economic data “could be unusually volatile” and will “depend significantly” on the shape Brexit takes. Threadneedle Street said little about the Brexit extension, maintaining its “wait and see” position.The Bank’s inflation report — its health check of Britain’s economy — predicted unemployment would fall faster than originally thought, hitting 3.5 per cent by 2022, a rate not seen since the 1970s. Tags: Bank of England Brexit Mark Carney Peoplelast_img read more

Aviva CFO to leave in latest leadership shake-up

first_imgStoddard will remain with the company until the end of the year to ensure a smooth transition. whatsapp “Aviva is in a strong financial position with a bright future ahead of it.  I have thoroughly enjoyed working with Maurice and I wish him, Jason, and everyone who works for Aviva all the best for the future.” whatsapp London, UNITED KINGDOM: Aviva, Britain’s largest insurance company’s logo is pictured at their office’s in London, 22 March 2006. Aviva, said Tuesday it had not ruled out making a renewed takeover bid for rival Prudential. Prudential snubbed on Monday a takeover approach from Aviva that valued it at 17.2 billion pounds (24.8 billion euros, 30.2 billion dollars). AFP PHOTO/BEN STANSALL (Photo credit should read BEN STANSALL/AFP/Getty Images) At the time Tulloch said the appointments were necessary to bring “greater energy, pace and commercial thinking” to Aviva. “Tom is a tremendous leader and has played a major role in delivering Aviva’s financial turnaround, significantly strengthening the group’s capital position,” Tulloch said. “After five successful years at Aviva, he leaves with my best wishes and those of Aviva’s board.” The CFO is the most recent in a wave of departures announced by Aviva since Tulloch took the top job in March. He will be replaced on an interim basis by Jason Windsor, who is currently the CFO of Aviva’s UK arm. Wednesday 5 June 2019 6:43 am Instead he brought in 18-year Aviva veteran and former chief risk officer Angela Darlington to replace Briggs. Share He dumped Andy Briggs, the chief executive of Aviva’s UK insurance arm, in late April.center_img Aviva CFO to leave in latest leadership shake-up by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OracleZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldPost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMisterStoryWoman files for divorce after seeing this photoMisterStoryHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGem Tom Stoddard will quit his role as chief financial officer at the end of June, the UK insurer’s board of directors said. Tulloch also added more business unit leaders to the senior leadership team. Aviva Canada chief exec Colm Holmes and Aviva France chief Patriock Dixneuf both joined that group. Read more: New Aviva boss shakes up leadership team to boost ‘commercial thinking’ Joe Curtis The chief executive took the reins promising to deliver more value to shareholders. Stoddard added: “Whilst I will miss all the friends I have made here, Aviva has a strong finance team, and it is now time for me to clear the way for others to step up, as I consider new opportunities Aviva sacked former boss Mark Wilson as Aviva’s share price wallowed at 464p, down from 552p last May. Aviva’s CFO is set to depart in the latest of a series of sweeping changes under new boss Maurice Tulloch. Windsor will take on the interim CFO role from 1 July. He has worked at Aviva since 2010 and his roles have included chief capital and investments officer and a group executive member. Read more: Aviva share price falls as it warns of ‘muted’ 2019last_img read more

Government told SMEs can’t live off ‘kind promises’ after Brexit meeting

first_img whatsapp Business secretary Andrea Leadsom, who chairs the council, said access to finance was a “common cause of concern” for SMEs. Wednesday 9 October 2019 6:22 pm “We want to see the banks and lenders back our small and medium sized businesses, and this commitment is the first step in giving them the confidence they need to invest and grow,” Leadsom added. Some people don’t want to return to work after being on the furlough scheme, Leadsom has said. whatsapp Share The Federation of Small Businesses (FSB) has said small businesses can’t “live off kind promises for the future” after the UK leaves the EU after the first meeting of a new finance council designed to support small and medium sized enterprises (SMEs) secure lending post-Brexit. At its first meeting today, banks and other lenders agreed to five pledges outlining how they will support SMEs, including “confirming they are ‘open for business and ready to lend’”. Government warned SMEs can’t live off ‘kind promises’ after Brexit finance council meeting Main image credit: Getty Anna Menin Read more: Small businesses need ‘meaningful financial assistance’ to prepare for no-deal Brexit, FSB warnscenter_img McTague said that SMEs had struggled to regain trust in big lendiers following the 2008 financial crash, adding: “a repeat of what occurred a decade ago could put it to bed forever.” It has not yet been announced which lenders have signed the charter. Other pledges include “Helping SMEs to prepare for Brexit and beyond by setting out the resources that they can provide”. The finance council – made up of representatives from banks, other finance providers, government, and business – was created following criticism that SMEs were not being offered enough support in the run up to Brexit. Economic Secretary to the Treasury John Glen said he wants to see Britain’s SMEs “seize the opportunities of Brexit – expanding, creating jobs and boosting our economy”. “Talk is often cheap. We need to see these kind words followed-up by actions in the present. We can’t live off kind promises for the future,” said McTague. Read more: British businesses insert Brexit contingencies in supply contracts to prepare for no-deal by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factorybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comMisterStoryWoman files for divorce after seeing this photoMisterStoryYourDailyLamaHe Used To Be Handsome In 80s Now It’s Hard To Look At HimYourDailyLamazenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comJournalistateTeacher Wears Dress Everyday, Mom Sets Up CamJournalistateNinjaJournalistMichael Jordan’s Divorce Settlement Has Finally Been Revealed.NinjaJournalist FSB policy and advocacy chairman Martin McTague, who attended the finance council, told City A.M.: “While the sentiment behind this charter is very noble, the proof will be in the pudding” Tags: Brexitlast_img read more

Shaping and taking opportunities post-Brexit

first_imgThese results were pleasing, and I can also report that the momentum from the end of 2020 has continued into 2021 where we have had a record first quarter of 225 newly listed securities in the year to 31 March. This shows that TISE has solid foundations but also, I am determined that we continue to build on this success by following through on delivering our ambitious new strategy which was formulated during last year.  These trends show the increased demand for debt listings as companies sought to refinance, either out of necessity or opportunity.  CEO Cees Vermaas explores the recent strong financial results of The International Stock Exchange Group – despite COVID-19 – and what he has planned to unlock further growth in the coming years.  The last year has been dominated by the COVID-19 pandemic but during this time, we have also seen the end of the transition period for the UK to leave the EU. The agreement between the UK and the EU for trade and cooperation was very light in respect of financial services and as such, it left much about the future relationship still to be resolved.  We will be doing so in a post-Brexit world which provides a new landscape in financial services and as such, we must put ourselves in the best possible position both to shape and take the opportunities which emerge from the changing international environment. Records broken in 2020 At The International Stock Exchange Group Limited (TISEG) we have recently released our Annual Report for 2020. Clearly, last year was extremely challenging for everyone, and while there is light at the end of the tunnel, our highest priority remains the health and safety of our staff and their families. Our staff all responded magnificently, and our business continuity systems have ensured the continued seamless operation of the market.  As a result of this situation, we have seen some impact in the markets already and with the prospect of more in the coming months. While there is a lot which remains unknown, it is clear that a post-Brexit world has delivered a changing landscape in financial services and in doing so, it offers the chance for businesses such as ours to both shape and take future opportunities. Our growth strategy is an important step in the diversification of our products, geographies and markets and our strong financial position gives us the ability and time to execute on our plans.   Disclaimer Overall, there were 831 newly listed securities on TISE during 2020, which is the second highest annual total of new listings since inception of the business in 1998. This took the total number of securities listed on TISE to 3,162 at the end of December 2020.  Business flows were strong at the start of 2020 and we were pleased that volumes of new listings continued to hold up despite the uncertainties of COVID-19 and the impending culmination of Brexit.  Future strategy Sponsored Thursday 8 April 2021 9:20 am The International Stock Exchange Group Limited is listed on TISE – see: TISEG whatsapp Legal and regulatory information: tisegroup.com/legal/regulatory Central to that is increasing our market share as one of Europe’s leading professional bond markets. An important step in that journey is increasing sales and business development activity in Dublin and London, where our new Head of Bond Markets, Anthony Byrne, will lead our efforts to bring TISE’s unique proposition under the attention of bond issuing decision makers and sponsors.  Phone: +44 (0) 1481 753000Twitter: @tisegroup Email: [email protected]  www.tisegroup.com  The release of TISEG’s latest Annual Report showed that the initial fees from these new listings, together with annual fees from across the market, contributed to an increase in revenue to a record £8.4 million, a 4.2% increase in post-tax profit to £3.6 million and an increase in earnings per share to 128.4p for the year ended 31 December 2020.  TISE’s unique proposition translates into a responsive, innovative approach that is very attractive to clients – for example, we turnaround initial listing applications within three business days, and final listing applications within two business days –  and we are even improving these commitments where possible through a refinement of operations and the use of technology. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For ItLivestlyPlugs Have These Two Holes At The End, Here’s WhyLivestlyMoneyWise.comMechanics Say You Should Avoid These Cars In 2021  MoneyWise.comFactableAluminum Foil Uses You’ll Want to KnowFactableMoney PopThe Most Overpriced Vehicles On the Market Right NowMoney Popzenherald.com20 Rules Genghis Khan’s Army Had To Live Byzenherald.comDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyDad Patrol20 Photos That Will Open Your MindDad PatrolDrivepedia30+ Funny Photos Of Car Owners Having A Rough DayDrivepedia This combines with the fact that while we now have staff operating across Dublin, Guernsey, the Isle of Man, Jersey and London, TISE’s regulated market in Guernsey is based in the European time zone but sits outside both the UK and the EU. This means that business can be conducted on the market free from EU directives and regulations, such as the Market Abuse Regulation (MAR). At the same time, we are positioned to offer current certainty and future agility in our relationships with both the UK and the EU.  Cees Vermaas is CEO at The International Stock Exchange Group. Shaping and taking opportunities post-Brexit Unlocking growth post-Brexit This material is intended to provide general information regarding The International Stock Exchange (TISE) and is not intended to, nor does it, constitute investment or other professional advice or a recommendation to buy, sell, hold or solicit any investment, security or other financial instrument or product. Share For example, high yield bond issuance in Europe increased from 2019 to 2020 and at the same time, The International Stock Exchange (TISE) grew its market share to more than a third of all deals. Issuers of high yield bonds listing on TISE last year included great brand names, such as luxury car manufacturer Aston Martin, LEGOLAND owners Merlin Entertainments and transport operators Stena Lines and Carnival Corporation, as well as US digital content platform Netflix and European telecommunication companies Altice and eircom. Show Comments ▼last_img read more

IIROC terminates Jory Capital membership

Keywords EnforcementCompanies Investment Industry Regulatory Organization of Canada The Investment Industry Regulatory Organization of Canada (IIROC) has terminated the membership of Jory Capital Inc. after an IIROC hearing panel accepted a settlement agreement between between the regulator’s staff and the firm. As part of the agreement, Winnipeg-based Jory admitted that it had failed to maintain sufficient risk-adjusted capital, since October 29, 2012. On the last day that the firm filed a risk-adjusted capital calculation, Nov. 28, 2012, its level of risk adjusted capital was -$248,000. The following day it informed IIROC that it intended to withdraw from the self-regulatory organization. James Langton BFI investors plead for firm’s sale Under IIROC rules, it can only consider an application for resignation if, among other things, a dealer has adequate liquid assets to meet all its liabilities. In this case, the firm does not have sufficient assets, so it could not consider the application for resignation. However, due to the risk-adjusted capital deficiency, among other things, on Nov. 22, 2012 the Manitoba Securities Commission (MSC) suspended Jory’s registration as an investment dealer. And, as a result of the MSC suspension, its registration was also automatically suspended in British Columbia, Alberta, and Saskatchewan. The Ontario Securities Commission (OSC) also suspended the firm’s registration in December. In December, IIROC suspended Jory’s membership and the firm ceased active business operations. All of its client accounts were transferred to MGI Securities Inc. Now, as part of the enforcement settlement, its membership has been terminated. Share this article and your comments with peers on social media Mouth mechanic turned market manipulator Related news Facebook LinkedIn Twitter PwC alleges deleted emails, unusual transactions in Bridging Finance case read more

Construction ploughs ahead at McLeans Road Kindergarten

first_imgConstruction ploughs ahead at McLeans Road Kindergarten Construction has started on a $4.5 million state-of-the-art kindergarten on McLeans Road in Bundoora.The City of Whittlesea is rebuilding the facility to include two modern kindergarten rooms, which will cater for up to 66 pre-schoolers; an increase of more than 30 three and four-year-old kindergarten places.Located next to the recently-redeveloped Norris Bank Reserve, the kindergarten will also feature a multipurpose room for allied health service providers and community groups to participate in programmed activities and training opportunities.Construction is expected to be complete in late 2021, ready for the 2022 school year.Kindergarten applications will open on 1 February 2021 for three-year-olds wanting to attend in 2022. Four-year-old kindergarten applications for 2022, are already open. To apply, visit whittlesea.vic.gov.au/kinderThe redevelopment of McLeans Road Kindergarten is supported by the Victorian Government. /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:bank, community, Government, local council, school, Victoria, visit, Whittlesea, Whittlesea City Councillast_img read more

Plum launches affordable employee health insurance, raises Rs 7 crores in seed funding

first_imgPlum launches affordable employee health insurance, raises Rs 7 crores in seed funding Get Healthy Bits 8 months Share Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals Menopause to become the next game-changer in global femtech solutions industry by 2025 Related Posts Comments (1) Plum is on a mission to enable employee health insurance for over 1.1 million companies in IndiaBengaluru-based group health insurance startup, providing modern health benefits to corporates, has raised Rs 7 crores in seed funding. The round was led by Incubate Fund with participation from Gemba Capital and Tracxn Labs along with angel investors including Abhijit Gupta and Ram Sahasranam of Praxify Health, Sudheendra Chilappagari of Belong.co, Nitin Jayakrishnan of Pando and Alvin Tse of Xiaomi. Plum is on a mission to enable employee health insurance for over 1.1 million companies in India by reinventing how health insurance works. The company plans to use the funding to scale business and engineering teams to solve some of the hardest engineering challenges in Insurtech and build innovative distribution channels. Within just four months of launch, Plum has managed to get over 100 companies as customers.Plum, through its online platform, www.plumhq.com, provides employers and employees with customisable plans, transparent pricing, and high-quality healthcare experience. The platform understands the needs of a corporate and guides them on setting up their group health insurance in less than 60 mins. Plum combines modern technologies with robust processes to deliver unprecedented simplicity and efficiency.Plum additionally helps employees with improved health benefits including doctor consultations, health check-ups, fitness and yoga, mental wellness, nutrition and dental care. The platform enables ease of experience for employees with guided claims support. Plum has an insurance intermediary license from IRDA. Taking the current situation into account, Plum also offers COVID-19 cover as an offering to its customers, however big or small they are. Plum’s clients include Twilio, Instawork, Posist, RevvSales, The Label Life, Growfit, StayAbode, Fampay, myHQ, and Jiny.  Plum was founded in 2019 by Abhishek Poddar and Saurabh Arora who comes with rich experience in financial technologies and insurance distribution.  Abhishek Poddar, Co-founder & CEO, Plum said, “When we look at other countries like the US, we see that a high percentage of the population is covered under employer-provided health insurance. We believe that India too will move in that direction, where a significant portion of India’s population will rely on employer-sponsored health insurance. With Plum, we want to enable every last company in India to provide a high-quality health cover to their employees, no matter how small or big they are. We want to be the de-facto platform for employee health insurance, initially in India, and later in other developing markets like SE Asia and Latam.”Saurabh Arora, Co-founder and CTO, Plum, added, “At Plum, we are imagining group health insurance products from ground-up. We have built underwriting and fraud detection rails with insurance companies that never existed. This has enabled us to offer pricing that may be up to 80% cheaper than existing market pricing, to companies as small as 7 employees. At Plum, we are building a truly online insurance platform that covers frontend (distribution) and backend (pricing, carrier and compliances).” Nao Murakami, Founder and General Partner at Incubate Fund India said, “Health insurance is now becoming a ‘must-have’ product in India, especially in the post-COVID world. It is an essential component for companies to attract talent. However, group health insurance is a very complicated product in nature and the entire customer process from buying to claiming is still very manual in India. So, there is a huge gap between insurance companies, employers, and employees. Plum is filling this gap by bringing transparency and efficiency through beautiful technology and product. Abhishek and Saurabh have a very clear vision which aligns with what we see as a future of health insurance in India.” Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Insurance News Startups Add Comment By EH News Bureau on July 14, 2020 MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Abhishek PoddarHealth InsuranceIncubate FundIRDAPlumSaurabh Arorastart-up The missing informal workers in India’s vaccine story Phoenix Business Consulting invests in telehealth platform Healpha Read Article Employees who are happy and feel secure in their current workplace are less likely to change their employer even for slight pay increments. Employers who focus on employee wellbeing have turnover rates of around 70-75% as compared to those who don’t focus on workplace wellness. And that’s why employee health is essential. Besides, they also feel like their organization cares for them. This sense of care is what stops them from going to a new workplace, and they deliver their best to your company. It’s like how a person works for his family. Employee health makes that bond between you and your employee.last_img read more

TeliaSonera set for name change

first_imgHome TeliaSonera set for name change Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more Related AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 07 MAR 2016 Author Telia targets cost cuts with new enterprise IoT play Previous ArticleSoftBank to split into two companiesNext ArticleInstagram blocks deep links to (some) social apps Steve Costello Telia claims positive start to strategy revamp TeliaSonera said that its Annual General Meeting next month will see a vote on whether it should change its name to Telia Company, in a move to “signify and visualise the company’s new strategy and journey to become a new generation telco”.The company said that since it began its transition, it has adopted “a new strategy, organisation and operating model”. It has also “acquired and divested companies as well as ventured into new areas”.But the path has not always been smooth: the company is reducing its presence in the “Eurasia” region, after a long-running probe into its activities in Uzbekistan. It has been forced to defend itself from criticism about its activities in other markets in the region.And its plans to merge its Danish unit with that of Telenor was also dropped, against a backdrop of criticism from the European Commission.With its focus now on Nordic and Baltic markets, TeliaSonera said that four out of seven markets are now using the Telia brand.“The new name Telia Company is a proof point of our journey to shape the New Generation Telco – the company that will change the industry,” said Johan Dennelind (pictured), CEO of TeliaSonera.TeliaSonera’s AGM is scheduled for 12 April 2016. Telia reveals revamp to boost infrastructure assets Tags TeliaTeliaSoneralast_img read more

ZTE fights US funding ban

first_img Tags 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 US coalition calls for FCC spectrum shake-up Previous ArticleBlackBerry future in doubt as TCL pulls plugNext ArticleGoogle seeks Fitbit hardware boost Home ZTE fights US funding ban AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 03 FEB 2020 ZTE fought back against a definition which stands to block US operators from using federal funds to buy its network kit, arguing in an appeal to the Federal Communications Commission (FCC) it doesn’t represent a security threat.In its appeal, the vendor pleaded with the FCC to reconsider its decision to name the company as a risk to national security, and offered to meet with officials to address specific concerns.It highlighted recent steps taken to improve cybersecurity and regulatory compliance, noting “management is working to ensure that ZTE is a model company” in both areas.The plea came as the FCC sought feedback on an order passed in November 2019 placing ZTE and Huawei on a banned supplier list, preventing operators from using federal subsidies to purchase their equipment.Huawei, which has been on a separate US trade blacklist since May 2019, challenged the move in court in December 2019 after unsuccessfully lobbying the FCC to change its mind.ZTE subtly sought to differentiate itself from Huawei in its filing, noting it is not currently subject to any other US government trade ban. While it acknowledged it ran afoul of US regulators for sanctions violations in April 2018, the company said it spent “hundreds of millions of dollars” to correct its mistakes and implement a new company-wide compliance programme.It is unclear whether ZTE will follow in Huawei’s footsteps with a lawsuit if the FCC doesn’t overturn its ruling. Subscribe to our daily newsletter Back Diana Goovaerts Author Related FCC mulls expanded Huawei, ZTE bans ZTE pushes flexibility, simplicity in private 5G networks Federal Communications Commission (FCC)ZTElast_img read more

Pringle says new perjury law does not go far enough

first_img Harps come back to win in Waterford Twitter The Government has been challenged over what’s been described as its failure to regulate the insurance industry.Speaking in the Dail this week, Donegal Deputy Thomas Pringle welcomed the Perjury and Related Offences Bill 2018, which aims to define perjury for the first time in Irish law and treat it as a specific criminal offence.However, the Independent Deputy said he is sceptical that it will lead to lower insurance premiums.Deputy Pringle pledged to keep pressing the government for more effective action…..Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2019/12/pringleinsurance1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Derry draw with Pats: Higgins & Thomson Reaction Pringle says new perjury law does not go far enough Previous articleMc Conalogue urges Tanaiste to step up progress on undocumentedNext articleSDLP take Foyle as UK Election 19 gives Johnson a Tory majority News Highland AudioHomepage BannerNews WhatsApp FT Report: Derry City 2 St Pats 2 RELATED ARTICLESMORE FROM AUTHOR Journey home will be easier – Paul Hegarty Pinterestcenter_img Facebook WhatsApp Google+ Pinterest Twitter Google+ Facebook By News Highland – December 13, 2019 DL Debate – 24/05/21 News, Sport and Obituaries on Monday May 24thlast_img read more