Wednesday 29 October 2014 8:12 pm Show Comments ▼ Guy Bentley whatsapp The development of ride-sharing taxi-apps like Uber and Lyft has elicited much controversy. Customers can now have a cab pick them up in minutes with a simple touch of their smartphone.However, these kinds of services have faced fierce opposition from taxi unions and regulators across Europe and the US. A new report from the Mercatus Center has few kind words for this kind of opposition and instead trumpets the benefits of competition and deregulation in the taxi sector. The study argues the established taxi companies opposing services like Uber are expending resources “contesting wealth instead of creating it”. Furthermore, many of the taxi unions are engaged in rent seeking, hoping to use the power of politicians and regulators to block new competitors and raise their profits through special privileges rather than a superior service.The result of the regulation is higher prices and discourages services to poorer customers. Many of the regulations passed governing the taxi industry are passed ostensibly for consumer safety. However, even without government regulation, the report argues, companies must provide a decent and honest service to maintain good reputations and win repeat customers.An example of government regulations limiting the growth of the taxi industry is the licensing system. Mercatus gives the example of New York, where the Haas Act of 1937 limited the number of cab licenses in NYC to 16,900.Despite substantial population growth, the number of licenses has actually fallen. In 2004, there were a meagre 12,187 medallion cabs in the city. This system maintains high fares and prevents new entrants.Unsurprisingly the price of medallions has skyrocketed. Over the last 80 years, the value of a medallion doubled every four and a half years, according to the paper. However, the proceeds rent seeking don’t even mainly accrue to the medallion drivers, who earn around $30,000 a year.The winners, Mercatus say, are the original owners of the medallions who have enjoyed massive growth in their asset’s value. Most of the cash generated by the system is then used to pay up-front costs of buying new licenses. Yellow cabbies in NYC have very little to gain from major increases in productivity, the report argues.One the main justifications for regulation is consumer welfare, specifically in the case of tourists who don’t know the place they are visiting and could be exploited by unscrupulous drivers. But today’s technological advances have given birth to new forms of self regulation like rating systems for drivers.If a driver behaves badly their rating drop and if they fall below a certain they can’t operate at all. Consumers can now attain high-quality information at minimal cost. It is in the interest of companies like Uber and Lyft to have safe drivers who raise their reputations and generate new and repeat customers, increasing profitability.Mercatus cite the benefits of deregulation in a study of the taxicab radio dispatch market in 103 US cities that found consumers received better service, cheaper rides, and faster response times.These findings were perhaps unsurprising, with a recent poll of expert economists at the University of Chicago’s Initiative on Global Markets unanimously supporting taxi deregulation.While the Mercatus paper may be firm in its conclusion of the benefits of taxi deregulation, it remains to be seen whether politicians and regulators will relinquish control of such an important aspect of urban transportation. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald Tags: Uber whatsapp Share Let markets work: Uber, Lyft and the benefits of taxi deregulation 
Exclusive: CMC Markets plans more growth before IPO
Thursday 6 November 2014 8:58 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut Tim Wallace whatsapp whatsapp Share Online trading firm CMC Markets could float this time next year if the group grows as planned, chief executive Peter Cruddas told City A.M. yesterday.“I expect we can triple in size in the next five to seven years. I would be disappointed if we didn’t,” he said.“We are looking at a flotation, but there would be no point in the next six months.”Cruddas came back 18 months ago to the helm of the firm he founded in 1989, and said he wanted to have a strong track record before pitching to stock market investors.He was speaking as the firm revealed new customer account applications are up 37 per cent in the first six months of its financial year, compared with the same period of 2013.The firm has reacted to competition by offering big trading customers rebates amounting to £2.9m so far this year.But it is currently on track to beat last year’s earnings of £52m.The sector typically relies on market volatility boosting trading volumes and so increasing profits.But Cruddas hopes CMC is now in phase where it relies more on gaining customers and market share, and so is less affected by volatility.“We don’t want to be the Tesco of the spreadbetting industry,” Cruddas said.“We want to be the Aldi or the Lidl. We want to be very competitive on price and execution, so we cannot be challenged.”But the increased volatility in October will still help CMC.The six months in these financial results run up to September.In October, revenues rose 56 per cent on the year, and turnover increased 62 per cent.In the coming year Cruddas expects the chance of US deadlock to push up volatility, as well as the general election in the UK and the possibility of British negotiations over European Union membership. Exclusive: CMC Markets plans more growth before IPO Show Comments ▼ Tags: IPOs
Virgin Active hires boss of Woolworths SA
whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramHero Wars This game will keep you up all night! Hero Wars MoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive SupplementThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus Eliminator More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comKansas coach fired for using N-word toward Black playerthegrio.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.com whatsapp VIRGIN Active has hired the boss of South African supermarket giant Woolworths to become its new chairman after Richard Baker stepped down from the gym group yesterday.Simon Susman has replaced him with immediate effect, Virgin Active said. Baker, who has been at the helm of Virgin Active since 2008, was poached this summer to take up the same role at Costa Coffee and Premier Inn owner Whitbread.Susman is part of a long retailing dynasty. His father David was managing director of Woolworths and his mother Anne Laski was the niece of Sir Simon Marks, son of the co-founder of high street stalwart M&S, on which Woolworths was modelled. Susman started his career at M&S before returning to South Africa to launch and build the Woolworths’ food business in 1982. He served as its chief executive for 10 years until 2010 when he became chairman. Wednesday 3 December 2014 8:14 pm
Virgin Active hires boss of Woolworths SA Share Show Comments ▼ Tags: NULL Kasmira Jefford 
Best of the Brokers for 10 December 2014
Best of the Brokers for 10 December 2014 More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Express KCS Share whatsapp Tuesday 9 December 2014 8:15 pm To appear in Best of the Brokers, email your research to [email protected] has reiterated its “buy” rating following the company’s second ruby auction in Singapore, selling gemstones from its Montepuez mine in Mozambique, where it recorded its highest ever revenue for an auction, at $43.4m (£27.7m). The broker retained its 60p price target.PETROPAVLOVSKNumis reiterated its “reduce” rating, following the firm’s announcement that it would use a “deeply discounted” rights issue to complete its refinancing with the aim of reducing net debt to $700m (£448m). The broker said it might not be enough to make a meaningful impact.MARSHALLSPanmure Gordon has reiterated its “buy” rating. The broker said that the paving company was taking market share from its smaller peers “in large part due to its national reach and investment in product development”. The broker also noted that market growth appeared to be accelerating. Show Comments ▼ whatsapp Tags: NULL
Morgan Stanley’s finance boss heads to Google to cut the fat
GOOGLE’S boundary-pushing projects and famed offices – which can include gyms, pools, music rooms and free restaurants – could face an expenses squeeze, with the appointment of its new chief financial officer.Google yesterday said it hired Ruth Porat, chief financial officer at Morgan Stanley, to its top finance role, a move signalling the tech giant may be looking to crack down on fast-growing expenses.The company’s costs have also jumped as it embarked on larger number of ambitious projects, including self-driving cars and internet-connected glasses. Last year, the company’s revenue grew 19 per cent, while total expenses jumped 23.4 per cent, a trend that alarmed some analysts.Porat helped to execute a sweeping cost-cutting strategy across several business lines at Morgan Stanley that led to costs falling from 34 per cent of revenues in 2012 to 29 per cent in 2014.Google shares closed up 2.04 per cent in on the news yesterday. Express KCS Tuesday 24 March 2015 9:31 pm Share whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comConnecticut man dies after crashing Harley into live bearnypost.com whatsapp Morgan Stanley’s finance boss heads to Google to cut the fat Show Comments ▼ Tags: Google Morgan Stanley
General Election 2015: Tax is a bigger policy concern than red tape for entrepreneurs – but Labour, Conservative and Lib Dem manifestos failed to address any
Share Lynsey Barber Thursday 16 April 2015 8:50 am General Election 2015: Tax is a bigger policy concern than red tape for entrepreneurs – but Labour, Conservative and Lib Dem manifestos failed to address any Tags: General Election 2015 Tech City Show Comments ▼ whatsapp whatsapp More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.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.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com British entrepreneurs are more concerned about how the next government will address the issue of tax than they are about red tape and regulation.Research by Silicon Valley Bank (SVB) found reforming tax was the biggest policy concern for a quarter of entrepreneurs. Just four per cent called for the government to simplify regulations and decrease the bureaucracy faced by entrepreneurs.However, the slew of political party manifestos unveiled this week were lacking in addressing the issues facing innovative new businesses as top line topics won the day, it found.”There has been a surprising lack of focus on innovation and entrepreneurship in the manifestos from main political parties to date. These two areas are major drivers of national competitiveness, increased employment and wealth creation,” said SVB’s head of UK relationship banking, Gerald Brady.”The parties gravitated to the big three issues in the last couple of elections. which means there is a risk the concerns of the entrepreneurial community are overlooked or lost in the noise of other policy topics.”A fifth of the more than 100 executives leading innovation in the UK who were surveyed said helping give businesses access to capital was the most important thing they wanted the new government to do.Immigration was the top priority for 11 per cent, while championing small businesses and startups was essential for 12 per cent and support for research and development was top of the list for seven per cent.[infographic id=”42″]Brady said the parties were missing out on many economic benefits by overlooking the needs of innovative business leaders. “As many new jobs in the UK have been created by entrepreneurs, rather than large and established companies, we think the next government should have a strong focus on this community,” he said. “There is a very clear correlation between the success of venture-backed companies, job creation and increasing GDP. This has been seen in the US where venture-backed companies account for some 21 per cent of US GDP.”According to The Coalition for a Digital Economy (Coadec), the policy group representing startups, Labour’s manifesto was most positive on digital inclusion, while the pledges made by the Conservatives were strong on entrepreneurship and innovation. The Lib Dem manifesto was positive on immigration and digital rights.Both the Labour and Conservatives failed to address tax relief schemes aimed at entrepreneurs and digital startups, leaving a question mark over whether they will continue to commit to the Seed Enterprise Investment Scheme (SEIS), the Enterprise Investment Scheme (EIS), Entrepreneur’s Relief or Enterprise Management Incentives (EMIs) which are of “significant value” to digital startups, Coadec said.Neither party made mention of making coming to the UK easier for highly skilled immigrants wanting to work at or start a new business, which Coadec said was the “disappointing reality of the current political discourse on immigration”.While Labour addressed small businesses with plans to cut and freeze business rates and action on late payments, Coadec argued it should focus more specifically on high-growth small businesses, as it is where “the greatest macroeconomic value is added”.The Conservatives’ sentiment towards entrepreneurs and startups included “a positive tone” on supporting entrepreneurs, startups and business, but “little in the way of new policy”, mentioning a review of business rates, a commitment to keeping corporate tax rates at the lowest rate in the G20 and “backing of the financial technology revolution”. 
Wax models and 3i help FTSE beat commodity pain – London Report
Express KCS Wax models and 3i help FTSE beat commodity pain – London Report Share Thursday 14 May 2015 8:37 pm Tags: Company FTSE 100 THE FTSE 100 index ended higher yesterday with encouraging updates from companies such as 3i Group supporting the broader stock market.Private-equity group 3i rose three per cent, the biggest gain in the FTSE 100, after it reached the end of a three-year restructuring with strong earnings growth at its portfolio companies.“The group remains cautious about the current environment given high financial marketvaluations and increased currency volatility. However it looks forward with confidence, with a focus on enhancing the value of the existing investment portfolio,” said Nicolas Ziegelasch, head of equity research at Killik & Co.Merlin Entertainments rose 1.2 percent. The British operator of tourist attractions like Madame Tussauds waxworks and the London Eye reporter a rise in first-quarter revenue, helped by good weather in Europe and strong trade at its U.S. Legoland Parks.The FTSE 100 finished 0.3 per cent higher at 6,973.04 points after falling earlier in the session following weaker commodity stocks.Commodities stocks recovered slightly. The UK mining index was down 0.8 per cent and the oil and gas index slipped 0.6 per cent. Commodities prices pushed energy and mining stocks including Royal Dutch Shell and BHP Billiton more than 1.2 per cent lower.Investors, however, remained cautious and avoided strong bets, in line with European shares, which were recently hit by a bond-market sell-off. The UK has not been immune to some jitters from the sell-off, but it has been supported by dovish statements from the Bank of England.“US and UK stocks appear to be preferred versus German stocks for now, mainly because any increases in interest rates in the US and the UK aren’t imminent and on hold for now,” Peregrine & Black senior sales trader Markus Huber said. “Economic growth worries [are] hampering exporters.”BoE Governor Mark Carney said yesterday it was possible British interest rates would be higher in a year’s time, although the central bank would not raise them too soon and risk slowing the economy.Several stocks went ex-dividend, including Sainsbury, down 2.3 per cent, and drugmaker GlaxoSmithKline, down 1.4 per cent. UBS analysts also downgraded Glaxo to “neutral” from “buy”, saying company updates on cost structure had led them to cut earnings estimates. 
whatsapp whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressLearn It WiseAfter Losing 70lbs Susan Boyle Is So Skinny Now She Looks Like A ModelLearn It Wise Show Comments ▼
G7 Dresden meeting: Strange balloon protest and that awkward family photo aren’t the only things casting a shadow over the G7 meeting
Catherine Neilan Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorTotal PastAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongTotal PastOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent Express G7 Dresden meeting: Strange balloon protest and that awkward family photo aren’t the only things casting a shadow over the G7 meeting Thursday 28 May 2015 7:54 am whatsapp
More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comWhy people are finding dryer sheets in their mailboxesnypost.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKansas coach fired for using N-word toward Black playerthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.com whatsapp Share The G7 meeting is being overshadowed by fears of a Grexit… as well as a number of balloons with some of the world’s most influential leaders on them. Protesters from the international group One released the balloons last night ahead of the Dresden meeting, which representatives from the US, UK, Canada, France, Italy, Japan and Germany will attend, along with the IMF’s Christine Lagarde. David Cameron, Barack Obama and Francois Hollande were among several of the floating faces. They didn’t exactly flatter anyone, but German Chancellor Angela Merkel definitely came off pretty badly. Merkel’s face on a balloon in Dresden. Why not? (Source: Getty) However, once the balloons were gone there was still plenty of dark shadows being cast by the ongoing talks around Greece and its €320bn debt pile. No one from Athens will be at the meeting, and Germany – which currently holds the rotating G7 presidency – has said the Greek crisis is not officially on the agenda. Mark Carney looking relaxed (Source: Getty) But earlier today a Greek spokesman said “hopefully” a deal would be struck by Sunday, prompting German and French delegates to respond. “At some point, the discussion has to be transformed into something on paper,” French finance minister Michel Sapin told Bloomberg. “You need a draft.” “Negotiations between the three institutions and the Greek government still haven’t come very far,” German finance minister Wolfgang Schaeuble said in a TV interview late on Wednesday. Schaeuble added he was “always a bit surprised” when Greece says an agreement is near. Lagarde agreed, saying although negotiators were “working very hard” that it “takes two to tango” “Everybody has to be realistic and be focused on not playing a game, but trying to deliver economic growth, trying to deliver jobs for that country,” she said. U.S. Treasury Secretary Jacob L. Lew added: “Everyone has to double down and treat the next deadline as the last deadline.” The traditional “family photo” with finance ministers and central bank chiefs has been taken, although some have suggested it should be considered something of a dysfunctional family. “Cousin Alexis won’t be invited until he’s learned better table manners.” (Source: Getty) Tags: Greek debt crisis
July Budget 2015: What time is it, how to watch it and what to expect
Tags: July Budget 2015 Chancellor George Osborne is busily preparing to deliver his “emergency Budget” tomorrow, with its name alluding to the fact it’s so close to the General Election.But it’s also attracting attention is because it’s the first exclusively Conservative Budget in almost 20 years – in 1996 then-chancellor Kenneth Clarke delivered a package framed as the “Rolls-Royce recovery – built to last”. Share whatsapp Long-term economic plan, anyone?Read more: When is the March 2016 UK Budget and how to watch online…Key timingsThe Chancellor will start delivering his Budget Speech in the House of Commons from 12.30pm tomorrow.How to watch itIf you want to watch Osborne deliver his summer budget it will be broacast live by the BBC News, Sky News as well as ITV- and alternatively, if you’re not near a TV, then you can listen to it on BBC Radio 4.What to expectOsborne has said he will be delivering the promises made in the Conservative party’s election manifesto, however true to form, he’s already leaked some of Budget’s content beforehand.Here’s a round-up of what to expect from the July budget. whatsapp Tuesday 7 July 2015 5:28 pm July Budget 2015: What time is it, how to watch it and what to expect by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyBuzzdaily WinnersCasinos Don’t Expect You To Do This; But They Can’t Stop You.Buzzdaily Winnerszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirror Show Comments ▼ More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.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.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Jessica Morris 
News / APL membership of G6 box shipping alliance expected to continue through 2016
The G6 is likely to continue in its present form for at least another 12 months, despite the likely shake-up of the container shipping alliance structure in the wake of CMA CGM’s takeover of APL.Competition authorities in the US, EU, China and other jurisdictions around the world are examining the likely commercial impact of the acquisition of the world’s 13th largest shipping line by the third-ranked, which is expected to take around six months. According to analyst Alphaliner, APL’s required notice for withdrawal from the east-west vessel=sharing agreement (VSA) has been reduced from 12 to six months.It said: “Until the deal is fully completed, APL is not expected to serve a notice for its withdrawal from the G6 alliance. Even after the CMA CGM acquisition is finalised, APL will still need to provide a six-month notice period, which should see the current service arrangement last until the end of 2016,” it said.In a statement on Friday in response to the takeover news, the G6 alliance said: “The transaction is subject to regulatory approvals. Until there is further development, the G6 Alliance assures that its current service structure will remain stable, and expects to operate as aligned through 2016.”If CMA CGM completes its acquisition of APL and acts on its intention to transfer it into the Ocean Three Alliance, it will dominate the VSA it operates in conjunction with UASC and China Shipping.It already brings 730,000 teu capacity to the O3 services, compared with the 330,000 teu and 320,000 teu that UASC and Chain Shipping respectively contribute.Meanwhile, APL contributes 260,000 teu of capacity to G6 services, and is the smallest participant of the alliance along with Hyundai, while Hapag-Lloyd contributes 390,000 teu; NYK 340,000 teu; and MOL and OOCL both offer 300,000 teu.The M&A shake-up will also likely affect the CHKYE alliance with the merger plans of China Shipping and Cosco, with the latter taking over the container shipping operations of the former.Despite the fact there was no mention of the combined companies’ alliance plans, the most straightforward option would be simply for the China Shipping capacity to be added to the CHKYE pool.“CSCL currently contributes 29 ships for 323,000 teu to the services operated under the Ocean Three network, or 23% of the total capacity operated. The potential withdrawal of this capacity could be partially replaced by the insertion of APL’s ships into the Ocean Three. However: this could only take place in early 2017, which is the earliest date that any G6 revamp could take place,” Alphaliner said.Cosco currently contributes 490,000 teu to CKHYE; Hanjin 400,000 teu; Taiwanese partners Yang Ming and Evergreen 310,000 teu and K line 30,000 teu. By Gavin van Marle 16/12/2015