Japanese tax received coolly

first_imgTuesday 14 December 2010 8:32 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Japanese tax received coolly 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap Show Comments ▼ Tags: NULL KCS-content center_img whatsapp Japan’s plan to boost its ailing economy by cutting corporate taxes got a guarded welcome from business yesterday, but is unlikely to help restore the fortunes of unpopular Prime Minister Naoto Kan.Kan gave orders on Monday for a five percentage point cut in the tax rate from the year starting next April, despite the country’s ballooning debt, saying it would enable businesses to increase domestic investment, boost jobs and raise salaries. But executives, especially in the car and electronics industries, say their firms will still lose out to South Korean competitors unless the government provides tax breaks for research and capital investment, helps combat the strong yen and makes progress on free trade deals.Political analysts said the tax cut would neither induce businesses to back Kan’s ruling Democratic Party of Japan, nor help raise voter support, which hit a fresh low of 21 per cent in a media poll published yesterday. “Corporate taxes in Japan are high compared with countries around the world, so a reduction of the tax rate is a good thing,” Mitsubishi Motors president Osamu Masuko said yesterday. He added: “But in order to boost jobs and capital outlays on facilities, management needs to be able to have a bright outlook for the future, and for that a reduction in the corporate tax rate is not enough. The yen is still very strong, and for companies like ours that rely heavily on exports, it’s a tough situation.”Cutting the tax rate to 35 per cent from 40 per cent would still leave it higher than the 28 per cent corporate tax rate in Britain, 29.4 per cent in Germany and 24.2 per cent in South Korea, which is gaining overseas market share in cars and electronics at Japan’s expense. Many Japanese companies are more inclined to invest abroad as they try to reduce reliance on the stagnating home market, doing little to reduce the 5.1 per cent jobless rate. whatsapp Sharelast_img read more

German 2010 growth fastest since reunification

first_imgWednesday 12 January 2011 6:59 am Tags: NULL alison.lock Read This Next’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 WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Germany’s economy rebounded last year at its fastest rate since reunification, official figures have shown.GDP has bounced back at a rate of 3.6 per cent this year after slumping to its deepest post-war trough last year, preliminary Federal Statistics Office data showed.In 2009, German GDP shrank by 4.7 per cent, the biggest recorded drop in post-war history. East and West Germany were reunified in October 1990.An 0.5 per cent increase in private consumption provided little sign of the strong upturn in consumer spending other eurozone economies are watching for to boost demand for their goods by the bloc’s biggest economy.The economy relied more for growth on traditionally strong corporate investment in 2010, with investment in equipment surging 9.4 per cent and other investment growing 6.4 per cent, the breakdown of the data showed.“Consumption is still relatively weak,” said Gerd Hassel from BHF Bank. “Public consumption however rose very strongly because of the fiscal stimulus programmes. Investments grew strongly, also for equipment. Germany is on a good path.” Sharecenter_img whatsapp whatsapp Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal 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 AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definition German 2010 growth fastest since reunification last_img read more

BP’s Russian partners plot to block dividends

first_img Share whatsapp whatsapp Monday 31 January 2011 8:59 pm KCS-content Show Comments ▼ Tags: NULLcenter_img BP’s Russian partners plot to block dividends BP’s RUSSIAN partners are attempting to derail the payment of the firm’s final dividend payment of last year in a row over exploration contracts.AAR, a vehicle for the billionaires who own half of Russian venture TNK-BP, said at an extraordinary board meeting yesterday that it plans to block TNK-BP interim dividends amounting to $1.8bn (£1.1bn), which are due to be paid this month.The issue threatens to undermine BP’s full-year results, which are announced this morning.AAR called for the block after BP signed a $16bn share swap deal and exploration contract with Russian state-owned oil firm Rosneft without its participation in the project. The TNK-BP board, led by chief executive Mikhail Fridman, will meet on 18 February to decide whether to withhold dividend payments.Alfa Petroleum, a subsidiary of AAR, will also today learn whether it has been granted an injunction in the London High Court to stop BP progressing further with the joint venture. A BP spokesman said: “The normal time for discussing dividends is at regular board meetings. In the meantime, we’re trying to resolve this matter, in as businesslike manner, as soon as possible.”TIME LINE | BP IN RUSSIA1997: BP pays $571m (£357m) to acquire a 10 per cent stake in SIDANKO, Russia’s fifth largest oil company at the time.2003: BP establishes its Russian joint-venture, TNK-BP, the largest foreign investment in Russia, after a merger between TNK, SIDANKO and Onako and most of BP’s Russian oil assets.March 2008: Russian police raid the offices of BP and TNK-BP in Moscow and question managers. Officials say they were investigating a $40m tax evasion involving SIDANKO.July 2008: TNK-BP’s Russian shareholders AAR threaten BP with legal action over director powers.July 2008: Russian authorities say TNK-BP boss Bob Dudley can no longer stay in the country on his temporary visa. Dudley leaves a month later, blaming a campaign of harassment. January 2009: BP relinquishes TNK-BP board authority to the AAR groupJanuary 2011: BP announces $16bn share swap with Russia’s state-owned oil group Rosneft. More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal 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 AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedialast_img read more

Arcelor predicts rise in core revenue after 2010 slump

first_img Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut Show Comments ▼ KCS-content whatsapp Arcelor predicts rise in core revenue after 2010 slump Tuesday 8 February 2011 8:24 pm whatsapp ARCELORMITTAL, the world’s largest steelmaker, has forecast a faster than expected recovery in demand and prices at the start of 2011 after a margin squeeze in the fourth quarter.The Luxembourg-based company, which makes six to seven per cent of the world’s steel, said yesterday core profit would improve in the first quarter by more than the market consensus, following an unexpected net loss in the final three months of 2010.Finance chief Aditya Mittal said ArcelorMittal was seeing a strong recovery in the US, moderate growth in China and restocking in Europe even though end-user demand was barely increasing there.Mittal said the company expected 2011 to be a better year than 2010 and would raise capital expenditure by more than 50 per cent this year.He said the second quarter should be stronger than the first, when ArcelorMittal’s furnaces would run at 76 per cent of capacity, compared with 69 per cent at the end of 2010.ArcelorMittal, whose production is more than double that of its nearest rival, said it expected core profit to rise to between $2bn (£1.2bn) and $2.5bn in the first quarter after a slump to $1.85bn in the final quarter of 2010. Tags: NULLlast_img read more

Twitter boss fails to scotch bid rumoursTECHNOLOGY

first_img KCS-content Show Comments ▼ More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Twitter boss fails to scotch bid rumoursTECHNOLOGY TWITTER chief executive Dick Costolo yesterday refused to scotch talk that his microblogging site could be bought for up to $10bn (£6.25bn) by Google or Facebook.He avoided the question when asked about suggestions that Twitter may be a takeover target, saying only they were “just rumours” and he had “no idea where they came from”. The firm is “already making money”, Costolo said, with a string of companies desperate to develop closer relationships with their customers using the site.He pointed to a tie-up with Audi, which has run campaigns encouraging users of the site to interact with its products.Twitter is able to monetise this through charging companies to promote individual “tweets”, the firm’s account or “trends” it is promoting, said Costolo. He said his focus at the microblogging site is to make Twitter ubiquitous across devices and platforms.Costolo also said he wants to make the user experience identical no matter which platform they use the service on. Sharecenter_img Tags: NULL whatsapp whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal 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 AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Monday 14 February 2011 9:24 pmlast_img read more

Cameron needs to act – not just talk

first_img KCS-content More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com Share Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Cameron needs to act – not just talk Sunday 6 March 2011 11:18 pmcenter_img whatsapp whatsapp ON the face of it, David Cameron’s pledge yesterday to “take on the enemies of enterprise” was a breakthrough. It was great to see the prime minister at last get off the fence and criticise the officials and bureaucrats that have done so much to halt progress and job-creation in Britain. He joked that even his baby daughter Florence knew that “tax and regulation” was holding the country back – and promised to “be on the side of everyone in this country who wants to create jobs, and wealth and opportunity.” It was all good stuff, the sort of rhetoric that is desperately needed in a country that has fallen out of love with hard work and risk-taking and which has become dangerously addicted to debt-fuelled instant gratification. But if something sounds too good to be true, it usually is – and all the good words at the weekend soon fall apart on closer analysis. Cameron is right that bureaucrats specialise in gold-plating rules and making life difficult for people – in fact, he could have gone even further in his critique, pointing out that many of the coalition’s reforms are being sabotaged by the civil service. But he is wrong to imply that officials are uniquely guilty or are somehow the originators of the bad rules crippling UK Plc. Civil servants and officials – national as well as local – only operate within the legislation – and that is the responsibility of the government, which passes laws in Parliament. At the end of the day, the government is responsible for the way this country is governed. To imply otherwise is a case of shameless buck-passing. It is not some faceless, Whitehall-based mandarin who is abolishing the compulsory retirement age, a well-meaning but unworkable change which means that anybody over the age of 65 could sue for discrimination if they are ever let go. It is the coalition government. It is not bureaucrats who are hiking employee national insurance in April, which means that the higher rate of tax will climb to 42 per cent and the top rate to 52 per cent – it is the politicians. It is not officials who are introducing a flurry of new labour market laws – seven major changes in 2011 alone – that will make it even less economic for employers to hire staff. The most costly will be the right to request time off to train, which will have an annual recurring cost to business of £174.96m; the agency workers directive, which will have an annual recurring cost to business of £1.548bn; and next year’s pensions reform, which will have an annual recurring cost to business of £4.526bn. And what about the crazy Bribery act, another well-meaning change which will criminalise swathes of innocent behaviour and end up costing firms fortunes in legal advice? Sure, officials will make these more costly than they need to be – but at the end of the day these are pieces of legislation voted through by the government. It may be following the EU’s orders, of course – but the government could simply refuse or reform the UK’s relationship with the EU to prevent some of this madness. Yes, in every case the law is worsened by officialdom. This is especially true of planning rules, where local councils behave in absurd ways. But unless Cameron genuinely takes the axe to laws that he has until now been happy to promote, yesterday’s speech will turn out to have been yet another piece of substance-less spin. We will soon find out.Follow me on Twitter: @[email protected] Tags: NULLlast_img read more

G4S looks for new markets

first_img G4S looks for new markets Share KCS-content Show Comments ▼ Tuesday 15 March 2011 8:24 pm whatsapp Security services company G4S is looking to make more acquisitions in developing nations such as Brazil and China this year after emerging market growth helped it deliver a 4.2 per cent rise in full-year profit to £527m, slightly above forecasts. Chief executive Nick Buckles told reporters the firm hopes to spend £200m on acquisitions this year. center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Geniusmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wraplast_img read more

France says forces ready for Libya strikes

first_img Share France says forces ready for Libya strikes whatsapp whatsapp Friday 18 March 2011 1:22 pm Show Comments ▼center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todayautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia alison.lock Tags: NULL 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com French Foreign Minister Alain Juppe said on Friday everything was ready to launch military strikes in Libya and that a ceasefire declared by Colonel Muammar Gaddafi would need to cover the whole country.“We have to analyse the conditions of the ceasefire,” Juppe told Reuters television. “It has to be on all of the territory of Libya and not only Benghazi, and we think that Libya must comply with all the resolutions of the (UN) Security Council.”He said the ceasefire pledge would be examined at a summit in Paris on Saturday. Regarding military strikes, he said: “We are ready but I cannot give you more details.” last_img read more

Blackstone outlines appeal of regulated markets

first_img Tags: Mobile Online Gambling Haide Hong, managing director of investment firm Blackstone’s private equity group in London, has underlined the appeal of companies that operate in gaming markets that offer a “degree of regulatory certainty”.Blackstone has been one of the most prominent investors in the sector in recent years, having announced the acquisition of Spanish gambling operator Cirsa in April after having teamed up with CVC Capital Partners to seal a takeover of Paysafe Group last year.Blackstone also unveiled an agreement nearly a year ago to acquire Clarion Events, the parent company of iGaming Business.Hong, speaking today (Wednesday) at iGB Live! in Amsterdam, acknowledged that a market’s regulatory outlook is a “critical component” of identifying potential M&A targets in the sector.“We’re focused on opportunities in markets that are fully regulated and are wary of opportunities that are not. A regulated market provides a platform for stability,” he said.“We also focus on markets where regulatory changes have not been too frequent and the direction of regulatory travel is not too negative.”Hong was also asked about the implications of what would appear to be a tightening of the regulatory outlook in the UK, considering the reduction of the stake limit for fixed-odds betting terminals (FOBTs) this year and heightened scrutiny by the Advertising Standards Agency.“These things are always going to be part and parcel of any investment opportunity,” he added. “You will sometimes find some headwinds even in very well-established markets like the UK.“However, on the flipside, it is important to think about the messaging to the broader world outside the gaming community and how much a company’s actions might impinge on the social fabric.“As an investor, do we care about that? Yes. We look to invest in companies that have a very clear social care policy and a corporate culture that says they want to be promote responsible gambling and have measures in place.“We want the businesses we own to be in regulated markets and socially responsible. Having the right culture so they are a responsible operator is very important to us and for other investors as well.”Hong also insisted that there remain opportunities in the land-based sector, in spite of iGaming arguably offering a steeper growth trajectory.“Online and offline offer different demographics, but our view is that over time there will be more convergence between the customer segments,” he said.“The online gaming space might have better growth, but that doesn’t mean the traditional offline gaming offers are in decline necessarily as, by definition, the offline industry has operated for longer so there is a longer track record of regulation.“We’ve been an active investor in gaming and will continue to be as it is a great industry with real potential on a global scale.”Hong added that there is “rightly a lot of excitement about the US”, but added: “The market will definitely grow, but in terms of how quickly, let’s see. The opportunity is definitely out there and if the US market continues to open up, it will benefit B2B suppliers that are active in the market.” AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Investment firm focuses on socially-responsible companies in regulated markets Casino & gamescenter_img Topics: Casino & games Legal & compliance Sports betting Tech & innovation 18th July 2018 | By contenteditor Subscribe to the iGaming newsletter Blackstone outlines appeal of regulated marketslast_img read more

Denmark iGaming Dashboard – Q1 2018

first_img Topics: Casino & games Finance Sports betting Bingo Poker AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Tags: Card Rooms and Poker Online Gambling Subscribe to the iGaming newsletter 2nd August 2018 | By Joanne Christie Bingo iGaming Business and Ficom Leisure are pleased to present the Denmark iGaming Dashboard, providing revenue and product metrics on the dot.dk regulated market.Casino was the star performer in the Danish market during the first quarter of this year, experiencing its best quarter yet at €64.2m, up from €59.9m in the final quarter of last year.Unfortunately, sports betting didn’t fare so well, with GGR falling to €48.3m from €62.3m the previous quarter. This meant that after finishing 2017 on an high with the strongest quarter to date, overall Denmark’s igaming gross gaming revenue fell back to €118.3m in the first quarter of this year.Although a drop on Q4 2017’s €126.6m, it was still the second best quarter on record for the market and a 17% rise on the same period last year.Danish operators have since the start of this year been allowed to offer online bingo, although as the dashboard shows, the vertical got off to a slow start, contributing just €2.0m in GGR. This was perhaps to be expected given its performance in other European markets. Also in keeping with other European markets, poker continues to decline in Denmark and last quarter the vertical recorded its lowest performance since market liberalisation in 2012, falling to €3.8m from €4.3m the previous quarter.Ficom Leisure also provides exclusive monthly estimates on the Italian online market in the Italy iGaming Dashboard, including operator market shares across casino, sports betting and poker, and on the New Jersey market in the New Jersey iGaming Dashboard. It also provides quarterly figures on the Spanish online market in the Spain iGaming Dashboard.A European corporate advisory firm, Ficom Leisure is a specialist in all segments of the betting and gaming sector.  Regions: Europe Nordics Denmark Denmark iGaming Dashboard – Q1 2018 Casino was again the star performer in the Danish market during the first quarter of this yearlast_img read more