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Goldman Sachs and Deutsche Bank return London staff to home working

By on September 4, 2021

first_img Show Comments ▼ In a memo sent to staff yesterday, Deutsche Bank said it planned to “substantially reduce” the numbers of staff working from its London office. Share The gym at Goldman’s London office would be closed, the memo said, but its creche and health centre would remain open.  Several major banks had been encouraging staff to return to their London offices in recent months following the relaxation of initial lockdown measures, but news of a month-long lockdown for England has forced them to reverse their policies.  “We urge policymakers to keep these measures under close review based on the evidence and set out a pathway for how parts of the country, including London, can return to a semblance of normality,” McGuinness said. Goldman Sachs and Deutsche Bank return London staff to home working Goldman Sachs told staff that only those designated as “in-office essential” would be allowed to come into its London office during the lockdown period.  Deutsche Bank told employees it would ‘substantially reduce’ the number of staff coming into its London office Anna Menin Tags: Coronavirus Deutsche Bank Goldman Sachs Before the Open newsletter: Start your day with the City View podcast and key market data In a memo sent yesterday, seen by City A.M., the US investment bank said that staff unable to work effectively from home should inform their manager.  The reversion to home working will come as a further blow for the City and Canary Wharf, which have suffered a collapse in footfall since lockdown was first introduced in March, with local firms experiencing a sharp drop in business.  The majority of staff who had returned to the office would be asked to work from home, Deutsche said, although some would be exempt due to the nature of their role or for personal reasons. center_img The Financial Conduct Authority said in September that bankers should have a letter signed by a senior company official stating they have been designated an essential worker in line with criteria set out by the watchdog. Goldman Sachs and Deutsche Bank are to return non-essential staff in their London offices to home working ahead of the introduction of a new coronavirus lockdown in England on Thursday. Deutsche Bank told employees it would ‘substantially reduce’ the number of staff coming into its London office Also Read: Goldman Sachs and Deutsche Bank return London staff to home working Lloyds last month asked staff working from home due to the Covid-19 pandemic to continue doing so until at least next spring. Spokespeople for HSBC and Barclays said the lenders had not issued fresh guidance to staff on home working since the announcement of a new lockdown.  Deutsche Bank told employees it would ‘substantially reduce’ the number of staff coming into its London office Also Read: Goldman Sachs and Deutsche Bank return London staff to home working whatsapp Monday 2 November 2020 12:58 pm Barclays paused plans to return more staff to its offices last month after the government updated its guidance on working from home.  whatsapp City of London policy leader Catherine McGuinness said support would be needed for sectors like hospitality and retail to re-open safely after restrictions are lifted.  Goldman and Deutsche’s policy of only having staff designated as essential coming into the office follows stricter regulatory guidelines on the matter. last_img read more

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Legal advocates warn about uptick in domestic violence during pandemic

By on August 24, 2021

first_imgCommunity | Coronavirus | Juneau | Public Safety | Sexual Abuse & Domestic ViolenceLegal advocates warn about uptick in domestic violence during pandemicApril 14, 2020 by Kavitha George, KMXT – Kodiak Share:Juneau Police Department vehicle. (Photo by Quinton Chandler/KTOO)The confined living situations introduced by the pandemic — while necessary for slowing the spread of COVID-19 — can increase the likelihood of domestic violence for some Alaskans.Kelsey Eggert, a Juneau-based lawyer for Alaska Legal Services Corp., said reports of domestic violence are up.“We’ve now seen an uptick in Juneau,” Eggert said. “After extended confinement in this very stressful situation in which the whole world has changed, there is an increase in domestic violence. And unfortunately, it’s also a lot harder to get help at the moment.”“If you’re confined with your abuser, and they’re not leaving, how do you call a resource to get help or information?” she added.Eggert recommends anyone experiencing domestic violence to call the National Domestic Violence Hotline — that number is 800-799-7233.Having a safety plan is also a good idea, Eggert said.“Have a person that you can text a certain word, and they know that you’re in trouble and they can maybe call the police for you,” she said. “Have a person who you can go to and stay on their couch for a bit if you’re really afraid.”She said she often tells clients: “If you feel really unsafe, call 911.”For community members who may know someone who has experienced domestic violence, Eggert recommended checking in with them.“You don’t have to ask them if there’s been domestic violence,” she said, “but check in with them.”Alaska Legal Services also deals with another area of concern for many Alaskans: a worsening financial situation. With reduced hours or not being able to work from home, paying bills and covering rent or a mortgage are suddenly more difficult.For renters, a state bill passed to keep people who are struggling to make rent from being evicted. According to Alaska Legal Services Executive Director Nikole Nelson, court hearings for tenants who are behind on rent have also been stalled.“The idea behind this is that we really don’t want people becoming homeless during a pandemic, because that’s not going to create a healthy situation for any of us,” she said.That doesn’t mean renters are completely off the hook, however. Ultimately, tenants will have to agree on a repayment plan with their landlords. And Nelson recommends people struggling to pay their mortgage talk to their banks — further protections during the pandemic prevent banks from foreclosing upon homes right now.Share this story:last_img read more

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The “world’s fastest car” Bloodhound SCC is in Canary Wharf right now

By on July 13, 2021

first_img Show Comments ▼ Edith Hancock The “world’s fastest car” Bloodhound SCC is in Canary Wharf right now Share whatsapp whatsappcenter_img Thursday 24 September 2015 1:16 pm Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap After eight years of research, design and manufacturing, involving over 350 companies and universities, scientists at the Bloodhound Project have created what they believe is the “world’s fastest and most advanced racing car” – and it’s on display in Canary Wharf this weekend.Already 8,000 people have registered to see the Land Speed Racer in the Docklands’ East Wintergarden. The 13.5m long vehicle, named Bloodhound SCC, uses jet and rocket motors that give it nine -times the power output of all the cars in Formula One combined. Carbon fibre panels have been partially removed on one side in order to show the technology inside the car, including the Rolls-Royce EJ200 jet engine and supercharged Jaguar V8 engine. Visitors in the Wintergarden will get to sit inside the cockpit of what is essentially a rocket on wheels.Created by a team of Formula 1 and aerospace experts, the car has been designed to achieve 1000mph “safely”, with three separate braking systems, seven fire extinguishers and 500 sensors.  The team plan to break the land speed record, which stands at 763mph, in South Africa next year.According to members of the Bloodhound team, the fuel efficiency isn’t even that bad. At 57.9 miles to the gallon, this could still be a more eco-friendly option than a Volkswagen. last_img read more

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News / Air cargo slowdown puts a dent in Etihad financial performance for 2016

By on July 4, 2021

first_img© Jhbfoto It said in a statement: “A slowdown in the cargo market put increased pressure on cargo revenues and yields.”2016 was not a great year for air cargo, but there have been question marks over the carrier’s performance this year, as it is facing tough competition in the region. In April this year volumes at Abu Dhabi airport – in contrast to elsewhere in the world which mainly saw healthy growth – fell 14.4%.However, David Kerr, senior vice president explained to The Loadstar earlier this month: “In April, adverse weather in Abu Dhabi severely impacted our operations. We proactively managed this by reducing capacity in and out of the hub to minimise delays in cargo processing during the busy Easter period.“Our May volumes were back up to last year’s levels, which was expected given we are not growing capacity. Additionally, we are being very prudent in our fleet and network capacity management, which is perhaps less reflective of current volume trends, but still driven by underlying weakness in value.“Yield improvement has allowed us to make more positive adjustments in recent weeks.”Two other airlines reported results this week – both in the non-contiguous US. Hawaiian Airlines reported second-quarter revenues for cargo up 33% year-on-year, by $5.7m.Chief commercial officer Peter Ingram told analysts on an earnings call: “Looking ahead, we expect to see continuing benefits from an environment of strong cargo demand, and later this year, we look to launch our neighbour island cargo freighters.”The airline is to operate three ATR 72 freighters regionally.Overall, the airline enjoyed a second-quarter net income of $80.4m, up $20.1m from the previous year.Also in the US, Alaska Air, which bought Virgin America at the end of last year, enjoyed second-quarter cargo revenues up 19% to $32m. For the first half, operating revenues rose 10% to $56m. Total operating revenues for the airline group rose 36% in the first half, to $3,8bn resulting in a net income of $395m. Etihad has announced a fairly significant loss for full-year 2016, of $1.87bn.However, the carrier also reported impairments of $1.9bn, including a $1.06bn charge on aircraft as it phased out some types early.It also had an $808m charge on some assets, as well as financial exposure to struggling equity partners, mainly Alitalia and airberlin.Although it flew slightly greater volumes of cargo in 2016 – up 0.8% to 595,519 tonnes, freight revenue fell nearly 10% to $900m.center_img By Alex Lennane 27/07/2017last_img read more

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News / WFS joins air cargo war on plastic waste using biodegradable wrap

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first_imgBy Alex Lennane in Miami 30/10/2019 WFS has joined a growing group of companies, including Amazon and United Airlines, that are rejecting traditional plastics.The company has signed an agreement with M&G Packaging, which makes biodegradable plastics for the air cargo industry.One roll of plastic 747 pallet cover is the equivalent of 2,520 water bottles; the air cargo industry uses some 12,500 tons of plastic each year.With 50 water bottles weighing one pound, this means the industry uses 1.25 billion ‘water bottles’ each year. And more than 90% of plastics go straight to landfill, with just 9% recycled – none of air cargo’s plastic wrapping is recycled. WFS says it uses the equivalent of 27 million plastic water bottles a year in protective plastic sheeting and wrap, but this will now be made with M&G’s BioNatur, a plastic partly made with a plant-based biopolymer. This biodegrades in landfill, not leaving micro plastics.And the new plastic has a longer shelf life, is stronger and more puncture resistant. It produces fewer greenhouse gas emissions in the manufacturing process and uses significantly less oil-based resin than current plastic products.Speaking to The Loadstar on the sidelines of Air Cargo Americas in Miami yesterday, Charles Rick, M&G’s president, said he hoped to come away from the show with everybody signed up to use biodegradable plastics.“Why wouldn’t you? What reason could you have for not using biodegradable plastic?” he asked.The BioNatur product is also at a “competitive” pricing level with standard plastics. Mr Rick said price had been a barrier to entry to the market, but while the new plastic costs M&G between 3% and 5% more to make than traditional plastic, M&G would be absorbing the extra cost.“We want to retain our customer base, and they don’t want to pay more.”It takes up to five years for BioNatur to degrade in landfill, while traditional plastics take between 500 and 1,000 years. While there are oxo-degradable plastics, they break down quickly into smaller pieces, but not at a molecular level, leaving toxic residuals.“Worldwide Flight Services is excited to be the first major customer of these environmentally friendly products in the air cargo industry,” said Mike Simpson, its executive vice president for the Americas.“With this commitment we can make a significant contribution to the environment. We are thrilled to finally have a product that ensures this plastic will not languish in a landfill for decades.”M&G will be presenting its product next month at Tiaca’s sustainability awards in Budapest.last_img read more

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Sofa so good, for Laois mattress amnesty

By on June 20, 2021

first_img Sofa so good, for Laois mattress amnesty RELATED ARTICLESMORE FROM AUTHOR Facebook The Laois mattress amnesty is in full swing. It’s proving hugely popular.That’s a good reflection on the county.In other countries they are trying to encourage people to hand in their flick-knives and semi-automatic weapons. That sort of puts things in perspective.Laois people are lovers, not fighters.Yet, the mattress amnesty is not without its pitfalls and problems. While it is a glorious opportunity to give up your ould …mattresses … for the ould sins, you still have to go to Fr Paddy.The mattress amnesty got underway on Saturday, August 3, and continues until next Saturday, August 10. This year the amnesty has been extended to include couches.This may be thanks to a proposal by Cllr Caroline Dwane-Stanley who suggested a few months ago to have couches included. Not everyone was convinced at the time, some of her councillor colleagues even scoffed, ‘What next? Armchairs?’ As it happens, armchairs are included in the amnesty too.Generally it’s going down very well. Within a day of the mattress, couch and armchair amnesty being announced by Laois County Council there were over 9,000 hits on the item across their social media platforms. That’s a lot of mattresses.Unfortunately, not everyone is enthused by the same desire to love where they live and keep Laois tidy. Our photo here shows a mattress discarded on the side of the road at the Rathleague just outside Portlaoise this week. Bad form.Some it seems are only armchair travellers when it comes to handling their unwanted mattresses.Others it appears wouldn’t stir off the couch to properly dispose of manky mattresses. And obviously when it came to this year’s Laois mattress amnesty there are those who were anxious to get their retaliation in early.It seems if we expect everyone to abide by common courtesy and respect for their neighbours and the environment, well, we can dream on, albeit on a perfectly good mattress.Nevertheless, it’s a good initiative and one that most civic spirited citizens have embraced and councillors commended this week the latest effort by the local authority to reintroduce the mattress amnesty so as to encourage the public to stop fly-tipping and damaging the countryside with rubbish and unwanted household goods.There are three locations in the county for the free mattress and couch amnesty: the Portlaoise Civic Amenity Site; the Brand Central Car Park in Rathdowney and at Pedigree Corner on the N78. The facility applies to domestic customers only and is limited to five mattresses per customer and the furniture and mattresses must be dry.Cllr Thomasina Connell who along with her Council colleagues welcomed the initiative also encouraged the local authority to promote it and advertise it clearly.She noted that it wasn’t obvious to everyone for instance that the Portlaoise Civic Amenity Site refers to the recycling area at the Kyletalesha Landfill.In the interest of clarity it also important to note that while the surrendering of unwanted mattresses at the Kyletalesha Landfill runs until Saturday next, August 10, it only applies at the Rathdowney collection point on Saturday next, August 10 from 10am to 3pm and at the Pedigree Corner location on Saturday, August 24 also from 10am to 3pm.SEE ALSO – Almost 600 complaints to Laois County Council this year over illegal dumping GAA Home News Council Sofa so good, for Laois mattress amnesty NewsCouncil WhatsApp By John Whelan – 7th August 2019 GAA Pinterest Twitter TAGSLaois County CouncilMattress Amnesty 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin GAA Facebook Here are all of Wednesday’s Laois GAA results Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Twitter Previous articleRanking the top 25 Laois hurling teams after the latest actionNext articleCervical checks concerns emphatically laid bare by local councillor John WhelanJohn Whelan has been a journalist, commentator, columnist, political analyst, campaigner, politician and publisher ever since he was 17. Having been Editor of the Leinster Express, Offaly Express and the Leinster Leader he has also contributed extensively on a number of issues to all of the country’s flagship titles and programmes including the Irish Press, The Irish Independent, the Star, the Sunday Independent, the Sunday Business Post, The Sunday Times and Prime Time. He is founder of Communicate Ireland a PR, public affairs, event management and media services company.He is the author of the popular camping blog, Vanhalla – Camper Heaven. Pinterest WhatsApplast_img read more

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Communions, confirmations, special occasions – bookings welcome in O’Loughlin’s Hotel

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first_img WhatsApp Facebook Home Sponsored Communions, confirmations, special occasions – bookings welcome in O’Loughlin’s Hotel Sponsored GAA Pinterest Pinterest 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin Are you planning a big special occasion for your family?Then check out O’Loughlin’s Hotel on 30 Main Street Portlaoise – bookings welcome for all your special occasions including communions and confirmations.Contact the hotel on 057 8621305 for availability and menus or email [email protected] locally sourced fresh menu is available all day.There are delicious chef specials available dailyLive MusicThere is live music in the hotel every Saturday night from 9pm.This Saturday, January 18, sees the very popular The Groove Republic perform in O’Loughlin’s Hotel.SEE ALSO – New night club in O’Loughlin’s Hotel in Portlaoise is now open TAGSO’Loughlins Hotel RELATED ARTICLESMORE FROM AUTHOR Twitter Facebook Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Twitter Electric Picnic By LaoisToday Reporter – 15th January 2020 News WhatsApp Previous articleLabour left in the lurch as Barry pulls outNext articleValentine’s Masquerade Ball to be held in aid of Portlaoise school LaoisToday Reporter Communions, confirmations, special occasions – bookings welcome in O’Loughlin’s Hotellast_img read more

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Shanghai-Hong Kong Stock Connect gets approval

By on June 18, 2021

first_img Keywords Stock exchanges,  China Negative 2021 outlook on exchange, clearing sector: Fitch James Langton Related news A pilot program to provide mutual trading access between the Shanghai and Hong Kong stock markets is set to launch Nov. 17. Regulators in China and Hong Kong said Monday they have cleared the way for the program, known as Shanghai-Hong Kong Stock Connect, to start next week. The China Securities Regulatory Commission (CSRC) and Hong Kong’s Securities and Futures Commission (SFC) have approved the official launch of the new trading experiment by the Shanghai Stock Exchange (SSE), the Stock Exchange of Hong Kong Ltd. (SEHK), China Securities Depository and Clearing Corp. Ltd. (ChinaClear) and Hong Kong Securities Clearing Co. Ltd. (HKSCC). Tapping China’s rich retail market a costly proposition: Moody’scenter_img Share this article and your comments with peers on social media China’s economy grows in 2020 as rebound from virus gains The new trading linkage was proposed earlier this year, and today, regulators said that the required trading and clearing rules, quoting mechanisms, and other regulatory and operational arrangements have now been finalized. The stock exchanges and the clearing houses have also completed a series of tests with firms in both markets, and regulators say they report that the systems are ready and contingency plans are in place. The CSRC and the SFC say they have agreed on principles and arrangements for cross-boundary regulatory and enforcement cooperation, which they say, “signifies their joint commitment to take effective action against cross-boundary illegal activities and market misconduct to maintain an orderly market and protect investors under the Shanghai-Hong Kong Stock Connect.” Those arrangements include a facility for real time surveillance of market activity by the SFC and the CSRC for markets in Hong Kong and Shanghai, respectively, under the pilot program. The regulators report that they have also established procedures for cross-border cooperation for any contingency, or major event, that affects the pilot program, and for handling related investor complaints. Additionally, China’s Investor Protection Bureau and Hong Kong’s Investor Education Centre (IEC) have established an arrangement to cooperate on investor education relating to the Shanghai-Hong Kong Stock Connect. “We welcome today’s announcement which is the result of close and intensive cooperation between the SFC and the CSRC over the past few months. In particular, the two regulators have established innovative and robust mechanisms in protecting the integrity of both markets when the pilot program commences,” said the SFC’s chairman, Carlson Tong. Facebook LinkedIn Twitterlast_img read more

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European Supervisory Authorities won’t take action on robo-advisors

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first_img European regulators say they will continue to monitor the growth of robo-advisors but have decided not to take any action at this stage. The Joint Committee of the three European Supervisory Authorities (ESAs) – European Banking Authority, European Insurance and Occupational Pensions Authority and European Securities and Markets Authority – on Monday published a report presenting the conclusions of its assessment on automation in financial advice. Related news Robo-advice growing slowly in Europe Share this article and your comments with peers on social media New Zealand regulator proposes exemption to law to allow robo-advisors James Langton center_img Automated advice “is still at an early stage,” the report concludes, and is primarily concentrated in the investment sector. “The ESAs also note that financial advice in general is already addressed in various ways through a number of EU directives,” the Joint Committee says in a statement. The regulators launched a consultation on robo- advice in December 2015 to determine “whether any action was required to ensure risks are mitigated while at the same time allowing market participants to harness the potential benefits of automated advice.” Following that consultation, the regulators have decided to continue observing the development of robo-advice, but not to intervene in the market. The ESAs acknowledge “the potential for growth of automation in financial advice,” and say they will continue to “monitor the evolution of the market,” to examine compliance with existing laws and regulations, and to assess the consequences of the phenomenon and its cross-border implications in their respective sectors. Keywords Robo-advisors Facebook LinkedIn Twitter SEC settles with two robo-advisorslast_img read more

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OSC rules IIROC can go ahead with online hearing

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first_img Mouth mechanic turned market manipulator James Langton Related news Share this article and your comments with peers on social media According to the OSC decision, Ziaian filed a motion with the IIROC panel, seeking to have his case continue as an in-person hearing, as originally scheduled, or that it be permanently stayed.The panel rejected the motion and that decision was then appealed to the OSC.“Mr. Ziaian argues that IIROC did not have authority to change the mode of the hearing over his objection,” the OSC decision noted.However, the provincial regulator sided with the self-regulatory organization hearing panel, ruling that IIROC can hold the hearing electronically.The OSC differed from the IIROC panel in its reasoning, but it ultimately reached the same conclusion.“I heard no convincing argument that a videoconference hearing deprives a respondent of due process or fairness,” the OSC said in its decision. “Indeed, such a conclusion would be contrary to commission and judicial authority on the subject.”The OSC also rejected the argument that IIROC was scheduling in-person hearings in British Columbia, noting that, “Public health advice (which varies by jurisdiction) has changed frequently in response to the changing circumstances… Evidence or assertions about what may have been happening in other venues inside or outside of Ontario, or at different times, are irrelevant.” gavel on a laptop iStock/BrianAJackson PwC alleges deleted emails, unusual transactions in Bridging Finance case BFI investors plead for firm’s sale The Ontario Securities Commission (OSC) has ruled that a disciplinary action brought by the Investment Industry Regulatory Organization of Canada (IIROC) can proceed as an electronic hearing, over the objection of the respondent in the case.The OSC rejected an appeal from Bardya Ziaian, who objected to an IIROC hearing panel’s decision to switch from an oral to an electronic hearing in his case due to public health restrictions prompted by the Covid-19 pandemic. Keywords Enforcement,  Self-regulatory organizations,  Pandemics,  CoronavirusCompanies Investment Industry Regulatory Organization of Canada, Ontario Securities Commission Facebook LinkedIn Twitterlast_img read more

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