Category: sorvlwzkdunn

Trade war fears take the shine off Standard Chartered’s rising profits

first_img whatsapp Wednesday 31 October 2018 8:52 am Standard Chartered’s better-than-expected results were dampened by bleak warnings of trade war risks this morning, as fears mount that the firm’s emerging markets could be hit by escalating tensions between China and the US. Trade war fears take the shine off Standard Chartered’s rising profits The bank reported profits of $1.06bn (£830m) in the three months to the end of September, trumping forecasts of $978m and marking a sharp rise from profits of $814m in the same period one year ago.Shares in early-morning trading climbed nearly five per cent on the back of the results.However, in its statement this morning the firm said that “escalating trade tension and other macroeconomic factors are affecting sentiment in emerging markets.”The remarks come several months after chief executive Bill Winters said that the hit from the Sino-US trade rows would be “minimal”.Winters said today that the bank was “cautiously optimistic on global economic growth”, although it remained alert to broader geopolitical uncertainties. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.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.orgWhy people are finding dryer sheets in their mailboxesnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com‘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.comPuffer fish snaps a selfie with lucky divernypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Those uncertainties largely come in the form of trade tensions between Beijing and Washington, which have escalated over the summer after the US pledged to slap tariffs on $250bn worth of Chinese goods, with the Chinese retaliating by putting duties on $110 billion of US products.Standard Chartered said the brewing dispute particularly dented the firm’s wealth management arm, with volatility deterring retail customers from investing and stock prices falling as a result. center_img Share whatsapp Tags: Company Emerging markets Standard Chartered Sebastian McCarthy last_img read more

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Lex Greensill boasted of company’s ‘enormous’ liquidity before collapse

first_img Poppy Wood Lex Greensill boasted of company’s ‘enormous’ liquidity before collapse Chancellor Rishi Sunak faced questions yesterday over why the failed finance firm was chosen to give out emergency Covid loans despite not being regulated as stringently as banks. Founder Lex Greensill. Lex Greensill boasted to staff that his company had “enormous” liquidity just three weeks before the finance firm collapsed into insolvency, according to reports. More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘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.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com The firm went bust weeks ago, after large customers including Sanjeev Gupta’s GFG Alliance defaulted on their loans, leaving UK taxpayers on the hook for hundreds of millions. Wednesday 7 April 2021 7:06 am whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For ItLivestlyPlugs Have These Two Holes At The End, Here’s WhyLivestlyFactableAluminum Foil Uses You’ll Want to KnowFactableDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMoneyWise.comMechanics Say You Should Avoid These Cars In 2021  MoneyWise.comDrivepedia30+ Funny Photos Of Car Owners Having A Rough DayDrivepediaZen HeraldShe Inspired Three Of The Most Popular Songs EverZen HeraldHomeLight.comDon’t Make This Mistake When You Sell Your Home. Try these 7 websites.HomeLight.comThe Legacy ReportMan Who Predicted 2020 Crash 45 Days Early Issues Next Major WarningThe Legacy Report The majority of the company’s more than 1,000 employees were made redundant shortly after it filed for administration. center_img “We’ve got enormous amounts of liquidity that are available to us, for our assets in the funds,” Greensill said. “The markets are very much behind us.” Cameron is accused of lobbying ministers to hand out emergency support for the firm. He is reported to have told friends he was set to earn as much as £60m from shareholdings in the company, where he had worked since 2018. whatsapp Share Greensill Capital, which counted David Cameron as a senior adviser, was the only non-bank financial firm that was chosen by the government to administer the emergency coronavirus loan schemes. Show Comments ▼ The Australian financier reassured Greensill Capital staff in an internal video on 15 February that a funds held by Credit Suisse were robust, the Financial Times reported. He also explained that the company was on the brink of finalising a new insurance policy.last_img read more

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Legislative ethics bill will keep issue off fall ballot

first_imgPolitics | State GovernmentLegislative ethics bill will keep issue off fall ballotJune 6, 2018 by Joe Viechnicki, KFSK Share:The Alaska Capitol Building in Juneau on June 6, 2017. (Photo by Jeremy Hsieh/KTOO)It looks like voters will not have a chance this fall to weigh in on a legislative ethics ballot measure. Alaska’s lieutenant governor and the attorney general’s office have determined a bill passed by the Legislature this spring is similar enough to keep the issue off the ballot.More than 40,000 voters last year signed a petition to put the Alaska Government Accountability Act on the ballot. It seeks to end per diem pay for legislators if they fail to pass a budget in the first 121 days of the session. It would also toughen state law on financial conflicts of interest for legislators, gifts from lobbyists, reimbursement for foreign travel and campaign spending by foreign corporations. House Bill 44 passed in May would do many of the same things.Sitka Democrat Jonathan Kreiss-Tomkins has backed both the ballot measure and the legislation. He prefers a public vote on the issue but called the reforms in the legislation a huge improvement over the existing situation in Juneau.“You know the no-budget, no-pay concept which I think is a substantial disincentive to be in session for months and months and send out pink slips and all the dysfunction that we’ve seen the last three years,” Kreiss-Tomkins said. “Some reforms with lobbyists buying legislators $100 dinners at fancy restaurants, which I think just disagrees with people’s sense of probity and propriety, particularly when, by the way, we do get per diem every day so we can buy our own meals, or should be.”The attorney general’s office looked at the ballot measure and the legislation and concluded the two were similar enough that the measure should be bumped off the ballot and the lieutenant governor agreed. Prior to that decision, Gov. Bill Walker in May said he’s likely sign the bill if it was found to be similar enough to the ballot measure.“I like the idea of it going to a vote in some respects,” Walker said during a visit to Petersburg in May. “The advantage of that is it can’t be changed for a couple years. Once it goes to a vote that’s the advantage of that. So I like the people being able to say something about that, but if it’s substantially similar, I think to veto it just so there could be a vote, I think that’s probably not in the best interest, but I do like the idea of people being able to vote on that, I do.”Walker also proposed cutting off both salaries and per diem pay for lawmakers if they didn’t pass a budget by the 90-day session limit passed by voters in 2006. Lawmakers have continued to meet well after that deadline. Last year, it took multiple special sessions and the Legislature waited until days before a shutdown of state government before passing a budget bill.Nikiski Republican Mike Chenault was one of 15 in the House voting against the ethics reform bill this year and said he doesn’t know how effective it will be.“We stay in Juneau a lot longer anymore but most of that’s not due to the budget cycle, most of that’s due to the governor calling us back for either additional revenue measures or some other piece of legislation, the gas pipeline, things like that,” Chenault said, also during a recent visit to Petersburg. “I think we can get our business done in 90 days. I don’t think we should be there any longer.”Past legislatures have passed a bill, keeping an issue off the ballot, only to turn around and repeal that bill later. The constitution prohibits that within two years of the passage of a ballot initiative. Those who oppose the reforms say they’ll start making changes in next year’s session.“I personally feel the restriction of no alcohol allowed to be purchased by a lobbyist in a dinner, you know, not a glass of wine, not anything, is a little ridiculous,” said Sitka Republican Bert Stedman, among the six voting against the bill’s passage in the Senate. Stedman expects the Legislative Council, made up of House and Senate members, to address any ethical problems for lawmakers and he opposes the changes in the bill and the ballot initiative.“So the Legislature took action on it themselves so we’ll be back changing it next year,” Stedman said. “Frankly there’s some things in it that are just ridiculous. You know, it’s a feel good type of bill. We don’t have the legislative ethic issues we had a decade ago, anywhere near that I’m aware of.”Other lawmakers have said the reforms will make it so they can’t afford to continue to work in the Legislature.Supporters of the reforms including Kreiss-Tomkins say they’ll fight attempts to change or repeal the legislation next year. They can still challenge the ruling knocking the issue off the ballot.Share this story:last_img read more

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“South Korea One-sidedly Hit With Kim Jong Il’s Ideological Warfare” Hwang…

first_img RELATED ARTICLESMORE FROM AUTHOR There are signs that North Korea is running into serious difficulties with its corn harvest Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak Facebook Twitter News By Yang Jung A – 2007.01.23 11:50pm “South Korea One-sidedly Hit With Kim Jong Il’s Ideological Warfare” Hwang Jang Yop News center_img AvatarYang Jung A News News [imText1]President of the North Korean Democratization Alliance, Hwang Jang Yop said that the reason pro-North Korea forces have recently increased in South Korea is due to the fact that appropriate measures against North Korea’s ideological warfare have not been made. President Hwang claims that in order to confront North Korea’s ideological battle, we must begin by increasing political ideas. In “Hwang Jang Yop’s Lectures” aired on FreeNK Broadcast on the 23rd, President Hwang asserted “North Korea is preparing its ideological battle based on the concept of ‘war’ and yet, South Korea is being hit one-sidedly as it denies accepting this fact.”President Hwang said “North Korea continuously tries to infiltrate politics and extend its ideological warfare and foreign battles, but the people here do not consider it as war.”“The people here show sensitive responses to changes in U.S. or Japanese policy and risk their aspirations on pot luck,” “However, the better way to resolve this fundamental issue is by strengthening ideology through education and raising the awareness of the people” he said.Further, he stressed “Even though we may live an abundant life and produce great underground resources such as oil, this will not be sufficient in creating a developed society” and “We cannot view our society to be advanced until we have raised awareness of ideology and increased scientific breakthroughs.”Regarding the upcoming Presidential election, President Hwang said “What kind of leader can we expect from people who are only concerned with votes” and asserted “The standard must be raised (of the people’s understanding of ideology) and we must create our own leader.”He said “Though North Korea will probably not be destroyed within the year, ultimately it will head in the direction of ruin” and emphasized “If not for the role of defectors but even ourselves, we must look towards increasing our standard of political ideology.” North Korea tries to accelerate building of walls and fences along border with China SHARElast_img read more

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UK funds to help communities in Peten to tackle COVID-19 impact

first_imgUK funds to help communities in Peten to tackle COVID-19 impact The UK government is providing extra support of more than 500,000 quetzals to a 3-year project aimed at tackling illegal wildlife trade in Guatemala and bordering areas with Mexico. The funds will address COVID-19 specific impacts in the area.The projects will help local authorities financially debilitated by COVID-19 to continue tackling illegal wildlife trade in the area. It will also expand livelihoods investments through support for subsistence agriculture, apiculture, and habitat restoration within five Guatemalan communities, benefitting over 120 households.Ambassador Whittingham held a meeting with project implementers working in the area and led by Wildlife Conservation Society (WCS). The Executive Secretary of the National Council of Protected Areas (CONAP), Abraham Estrada; Environmental Prosecutor, Aura Marina Lopez; and Environmental Judge of Peten, Karla Hernandez, also joined the meeting. They revised implementation to date and next steps.Later, the Ambassador visited the premises of the Guatemalan Ministry of Health in Santa Elena, Peten. The funds will also allow collaboration with Guatemala’s Government to provide personal protective equipment (PPE), COVID-19 medical kits and rapid testing for rural communities/project partners, and undertake outreach to raise awareness about COVID-19 within rural communities.Finally, the Ambassador travelled to the Community of San Miguel, in the Municipality of San Andres, to see how some of these projects are becoming a reality and to participate as a witness of honour in the signature of a conservation agreement. This compact will allow villagers to benefit from the fruits of their labour -with aid of capital seed from the fund-, whilst they also commit to continue preserving the environment and tackling illegal wildlife trade. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:agreement, Agriculture, Ambassador, community, conservation, environment, Government, Guatemala, health, Mexico, Ministry of Health, personal protective equipment, Secretary, UK, UK Government, wildlife tradelast_img read more

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Noteworthy – Small Talk Redux

first_imgHomeOpinionColumnsNoteworthy – Small Talk Redux Jul. 23, 2020 at 6:00 amColumnsFeaturedNewsNoteworthyNoteworthy – Small Talk ReduxCharles Andrews11 months agoAmy Winehousebob marleyIsland RecordsMillie SmallMy Boy LollipopCourtesy image LETTER FROM LONDON(OK, email.)I got a lot of good reaction from last week’s column about Millie Small. Is there any Scrooge alive who could humbug that bouncy mid-’60s worldwide hit, “My Boy Lollipop”?The most unexpected and welcome was short and sweet: “Hello Mr Music. I enjoyed your article very much. Jaelee”That would be Jaelee Small, her daughter.She also informed me that her mother died at 72, not 73 as I wrote incorrectly. I’m surprised there is so much disagreement among credible sources about whether she was born in 1946 or ‘47. Which would account for the discrepancy of age at passing. But that should settle it. Sadly, it was less than three months ago, May 5. Our heartfelt sympathy and wishes for peace go out to Jaelee.Because of the wording, I’m also uncertain whether she had 12 or 11 brothers and sisters. (She did grow up in a thatched shack on a sugar plantation in south Jamaica, west of Kingston.) So many bios of highly accomplished people of a certain age that I have been reading seem to start off that way. I guess if you can survive double-digit siblings, you’re ready to take on the world.Surprise, surprise, in her mid-30s now, Jaelee has finally acted on her hereditary talent and wrote, performed and produced her EP titled Memoirs (part ii) Remixes. She says it reflects the wide mix of music that influenced her growing up, from well played vinyl of the Beach Boys, Pink Floyd and the Who to Aretha Franklin, Emeli Sandé and Haim. The lyrics do read like a memoir of self-discovery, growing up obviously under the shadow of a famous mother. My skip through revealed a striking strong voice singing some memorable tunes. Jaelee Small may be Millie’s daughter but she is her own artist.MORE SMALL PARTSThere were a few, just a few other things I thought interesting, that I learned about Millie and “Lollipop” that didn’t make it into last week’s column.She was groomed for stardom from her very early teens, first by Jamaican producers Lindon Pottinger, Prince Buster, and a nascent Coxson Dodd, then by Island Records (U2, Queen, King Crimson, Traffic, Toots, Tull, Black Uhuru, the Killers, Roxy Music and that local kid Bob Marley) founder Chris Blackwell, an Anglo-Jamaican who had a great sense for talent, but a mixed reputation among performers.It was he who decided, along with London-based Jamaican jazz guitarist of note Ernest Ranglin, that “Lollipop” be arranged as ska, a new music wave sweeping over Jamaica but little known elsewhere. That’s a big gamble. Ranglin had some skilled session players but they had to read charts because none of them knew this ska stuff.There is a famous, perfect harmonica break in the middle of “Lollipop,” very un-ska-like, that really makes it. Blackwell hated the first take and brought in another player, and the rest is history. A lot of history, including Millie, says that harmonica player was Rod Stewart, but he denies it, and it was likely Pete Hogman.BLACKWELL SNATCHED MILLIEFrom Prince Buster with a phone call to Smalls’ parents, asking permission to take her to England to make her a star. As she stepped off the plane, alone, at Heathrow, she was whisked off to the Italia Conti Stage School for speech training and dancing lessons. The dance lessons reportedly did not take, not even with a choreographer brought in, but when they finally gave up and left her on her own, her moves on stage were natural and charming.Blackwell did, of course, make her a huge star, but one wonders why he couldn’t find another great song, leaving her a “one hit wonder.” Her follow-up “Sweet William,” released three monts later, probably failed because it was too similar to the still-charting “Lollipop.”SKA SPECTACULARShe headlined a three-hour “Ska Spectacular” show at the New York World’s Fair that year, with Byron Lee, Prince Buster and Jimmy Cliff, and got a hero’s welcome in Jamaica and played a big show near her hometown, with Otis Redding and Patti LaBelle opening for her (!). A year after “Lollipop” hit she embarked on a world tour of New Zealand, Australia, Hong Kong, Singapore, Japan, the US, Brazil and Argentina, and later Africa. Just as Britain was opening up to ska, giving hits to Demond Dekker (“The Israelites”), the Skatalites and the Ethiopians. Bad timing.And probably just too much everything. She insisted on fulfilling all her contractual obligations, and in one year’s time she collapsed from exhaustion, was hit hard with food poisoning, and was in a car accident.She recorded an album of Fats Domino songs, and earlier a duet with then-unknown Jimmy Cliff. But after dropping out of the music business in the early ‘70s and moving to Singapore for two years, she never again recorded, and did only one in-depth interview. In it she claimed that she never got any royalties at all from 7,000,000-selling “My Boy Lollipop.”Amy Winehouse said “My Boy Lollipop” was “one of her all time favourite records.” ‘Nuff said.ANTHEM FOR OUR DYSTOPIAN TIMES: “Infected” by (the Great) Simon Stokes (warning: video contains raised middle fingers, lowered expectations).NICOLE RECOMMENDS:DINNER PARTY — is the new supergroup made up of jazz and hip-hop heavyweights Kamasi Washington, Terrace Martin, Robert Glasper, and 9th Wonder. Their self-titled debut album that dropped earlier this month is an expertly crafted, understated fusion of swirling cosmic funk, free jazz, soul and hip-hop.Supergroups don’t often succeed, falling victim to a too-many-cooks sound, but this is hardly the case with Dinner Party. Each member, all with backgrounds in playing music and producing, tap into their respective gifts to create a warm, soulful collection of songs that deepen in complexity with every listen.An animated music video for the first track “Sleepless Nights” (featuring cool vocals by Chicago singer/producer Phoelix) shows the four descending upon the Crenshaw District in P-Funk Mothership-like fashion. Amidst political unrest, they begin to play their music, lifting spirits and creating a physical safety shield around their listeners.Hopefully this is just the beginning of many more collaborations to come from these musical visionaries. The album was put out by Sounds of Crenshaw/EMPIRE and is available for purchase, or streaming on Spotify.And while we are on the topic of Crenshaw, Metro Art had its final episode this past Tuesday, this time focusing on the Crenshaw District and Leimert Park, historically significant locations for music and black musicians, especially. For those of you who missed my previous recommendation, Metro Art teamed up with dublab to produce a series showcasing different music histories in Los Angeles, focusing on specific regions each episode, told through the voices of those who lived it. This final episode will be archived and uploaded to dublab’s website: http://dublab.com/Charles Andrews has listened to a lot of music of all kinds, including more than 2,500 live shows. He has lived in Santa Monica for 34 years and wouldn’t live anywhere else in the world. Really. Send love and/or rebuke to him at [email protected] :Amy Winehousebob marleyIsland RecordsMillie SmallMy Boy Lollipopshare on Facebookshare on Twitteradd a commentUS labs buckle amid testing surge; world virus cases top 15MBloom’s Bills: Just Developer GiveawaysYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall6 hours agoEntertainmentLifeNoteworthyTales of Two DaughtersCharles Andrews12 hours agoColumnsOpinionYour Column HereBring Back Library ServicesGuest Author12 hours agoNewsCouncil picks new City ManagerBrennon Dixson17 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter17 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor17 hours agolast_img read more

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Nokia’s 925: More of the same

first_imgHomeBlog Nokia’s 925: More of the same AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 14 MAY 2013 When it comes to smartphones, there is only one device that really catches the attention: the “hero”. Not only can a successful product generate massive volumes of its own, but it can create a “halo” effect over lesser siblings, driving sales across the board.But, unsurprisingly, this market is tough. Vendors need new hardware and software tricks up their sleeves to stand out from the competition, and the pace of innovation is fast.So far this year, we have seen the launch of Sony Mobile’s Xperia Z, BlackBerry’s Z10 (and Q10), HTC’s One, and Samsung’s Galaxy S4. And now it is Nokia’s turn, with Lumia 925.The company is pinning its hope on the device’s new svelte design and aluminium detailing. In some ways this is timely: Samsung has been on the receiving end of criticism over the “plasticy” feel of its premium devices, and a high-quality design is undoubtedly one way to stand out from the crowd.But otherwise, Lumia 925 is uninspiring. Line up its feature list alongside that of the now nine-month old Lumia 920, and the word that springs to mind is “incremental”. The device does not really raise the bar for Nokia itself, let alone provide a wow factor over what is available from its competitors.Nokia has refreshed and broadened its Lumia product line significantly in the past few months. For all the kudos of the flagships, the launch of Lumia 520 and Lumia 720 at Mobile World Congress earlier this year was just as important (if not more so), as it means the company is now offering a set of fresh smartphones at various price points.Likewise, the announcement that it is planning to offer TD-SCDMA (China Mobile) versions of these smartphones is probably more important than the launch of the Lumia 928 for Verizon Wireless in the US.China has long been a critical market for Nokia, but its volumes there have been slipping. The US, in contrast, has not been an important market for Nokia in recent history, which makes its efforts to focus on this market with its early Lumia launches seem misguided.Looking at Nokia’s recent performance, there are some positive signs. The company’s Q1 Lumia shipments of 5.6 million is a high for the company, and it has forecast further growth into Q2.This will mark four consecutive quarters of growth,  after something of a false start early in 2012 which was brought to an end when Windows Phone 8 was announced in Q2, making Nokia’s existing WP7.5-powered portfolio instantly look old-hat.And, anecdotally, I see more and more Lumia devices on the tube on my way to work.But to put this positive news into context, it was only at the end of last year that Nokia’s Windows Phone portfolio began outselling its Symbian devices, with the legacy portfolio having not seen a device launch since the 808 PureView in February 2012.The real challenge Nokia faces is that there is no more low-hanging fruit in the smartphone market. When the iPhone was launched, it offered an unmatched user experience for premium device users, providing Apple with a large, underserved market to tap. And when Android came onto the scene, there was an opportunity for a mass-market counterpart to iOS, a role which the aging Symbian OS was unable to fill.Both of these platforms were therefore able to build up a head of steam at a point when the market was devoid of serious competitors, enabling the creation of a devices, content, apps and services ecosystem which is now almost impossible to rival from a standing start.Potential Lumia 925 buyers will already be smartphone owners, and probably even on their third or fourth Android or iOS device. In many cases, these consumers will have invested in content and apps for their chosen smartphone, increasing the amount of friction should they change to a new platform.And that is without mentioning Samsung’s Galaxy S4. Or Note 2. Or HTC’s One. Or the iPhone 5. Or Sony Mobile’s Xperia Z. There is plenty of top-notch hardware out there, which has the advantage of being coupled with a “proven quantity” operating system.Nokia’s previous Windows Phone devices have, by-and-large, been well reviewed. The Windows Phone platform also has a lot going for it, especially now that there is a growing feeling that Apple’s iOS has lost some of its lustre – the inevitable fate for any platform once it has been in the market for a period of time.But the challenge Nokia faces is in luring customers away from their existing smartphones, to Lumia. And if this wasn’t happening yesterday, there is little in the Lumia 925 that means it will happen today.The editorial views expressed in this article are solely those of the author(s) and will not necessarily reflect the views of the GSMA, its Members or Associate Members Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more Blog: What is next for Nokia in China? Steve Costello Previous ArticleNokia unveils latest Lumia flagshipNext ArticlePayPal touts new Android SDK Relatedcenter_img Blog: Why Dish could break new ground for public cloud and open RAN Author 925LumiaNokiaWindows Phone Blog Tags Blog: Pekka pulls no punches on Nokia progresslast_img read more

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Telenor chairman resigns in light of VimpelCom controversy

first_img Author AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 30 OCT 2015 Previous ArticleGlobe to invest at least $200M to upgrade Bayantel’s networkNext ArticleNiel’s Telecom Italia moves come under scrutiny Related The Norwegian government expressed a lack of confidence in the Telenor chairman, Svein Aaser, having obtained further disclosures in the VimpelCom corruption case.“I have now received new information about the [VimpelCom] case. This is information that both the Standing Committee on Scrutiny and Constitutional Affairs and I should have had earlier. I mean it’s serious,” said Monica Maeland, the country’s minister of trade and industry, in a statement.However, Maeland did not disclose anything further. “For the sake of the investigation, I cannot yet say more about the new information we have received,” she said.The Norwegian government holds a 54 per cent stake in Telenor.VimpelCom, in which Telenor holds a 33 per cent stake, is one of three operators in Uzbekistan which are the subject of an investigation by US authorities concerning allegations they paid bribes to obtain spectrum and other benefits. The Norwegian operator is keen to offload its stake.Aaser (pictured), who has served as chairman since May 2012, is to be replaced with immediate effect.For his part, Aaser tended his resignation with a statement: “The Ministry and I have had different views on the handling of the VimpelCom issue. I have informed the Minister of Trade and Industry, Monica Maeland, about my decision. Beyond today’s statement, I have no further comments,” he said.He described the VimpelCom case as being “demanding and complex to manage”.“VimpelCom has been under investigation for several years, and this has been challenging for Telenor. I would like to emphasise that it is VimpelCom that is under investigation and that Telenor has fully cooperated with investigating authorities as a witness,” he said. TelenorVimpelCom Tags Home Telenor chairman resigns in light of VimpelCom controversy Telenor, Axiata plot Malaysian merger Telenor books loss on $780M Myanmar write-off Richard Handford Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including… Read more Telenor advances multi-vendor SA 5Glast_img read more

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Verizon details videoconference goals

first_img Verizon AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 14 MAY 2021 US operator Verizon outlined plans to use its two videoconferencing platforms to serve separate markets, after following up a $400 million acquisition of BlueJeans in 2020 with a partnership this week with RingCentral.RingCentral with Verizon will be part of Verizon Business’ network-as-a-service offer, while BlueJeans will continue to serve enteprise customers seeking only videoconferencing services.A Verizon representative told Mobile World Live RingCentral will be targeted to global enterprise customers requiring “a single unified” service spanning “calling, team collaboration and messaging, and video meetings”.“The individual pieces can’t be uncoupled from that platform”, the representative explained.BlueJeans, meanwhile, is set to be employed in further “innovative” services for the enterprise sector, the company stated.Verizon is preparing a telehealth product based on the platform which can be used on any mobile device: it explained this would be available as a standalone product, with no requirement to be a customer of its network.Future development will involve integrating BlueJeans with other software in the industry verticals Verizon is targeting. For example, it has already integrated BlueJeans Telehealth with Epic Systems, the largest manager of electronic health records in the US, a tie-up the operator stated is designed to make it easier for physicians to access patient information and add notes to their records during video calls.Verizon said its goal is to open BlueJeans Telehealth to “direct embeds” with other managers of electronic health records. Subscribe to our daily newsletter Back Tags Martha DeGrasse Verizon sorts sensor supremo Verizon shuffles executives Related Freelance tech journalist Martha DeGrasse is delighted to be contributing to Mobile World Live. Martha has written for a number of telecom and wireless publications, and was a writer, editor and video producer at RCR Wireless News for almost seven… Read more Previous ArticleIBM warns chips are down until 2023Next ArticleDish picks Oracle cloud-based control plane Amazon reels in MGM Author Home Verizon details videoconference goalslast_img read more

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Unstoppable Cink sets midway record at Heritage

first_imgHILTON HEAD ISLAND, S.C. — Two-time champion Stewart Cink moved into position for a third RBC Heritage title, shooting a second straight 63 to set the 36-hole scoring mark at Harbour Town. Cink, 47, appears unstoppable after two amazing days. He sits at 16-under 126, five shots ahead of Corey Conners. The previous best midway score was 129, set by Jack Nicklaus en route to victory in 1975 and matched by Phil Mickelson, who wound up third in 2002. Conners shot 64 and was 11 under. Emiliano Grillo (64) was another shot behind. Fourth-ranked Collin Morikawa, preparing to defend his PGA Championship title next month, was tied for fourth at 9-under with Sungjae Im (65), Billy Horschel (67) and Cameron Smith, who followed his opening-round 62 with a 71. Cink was hardly overwhelmed by the scores he posted, chalking them up to smart preparation and strong execution alongside his 24-year-old son, Reagan, who’s caddying for him. “It doesn’t feel all that special, to be honest with you,” Cink said. “We just kind of worked our game plan.” It was certainly unexpected. Cink hasn’t finished in the top 20 at Harbour Town in a decade, hadn’t led halfway since the Travelers Championship in 2008 and is closer to the PGA Tour Champions than his prime. Yet Cink has had a renaissance on golf’s biggest stage this season. He won for the first time in 11 years at the Safeway Open in September and has added five top-20 finishes including a tie for 12th last week at the Masters. Cink was down three shots to Conners when he teed off Friday. No matter. Cink quickly erased the deficit with an eagle on the par-5 second and a birdie on No. 3. Cink moved in front with a birdie on the sixth and steadily built his margin the rest of the way, adding birdies on the 11th, 13th, 15th and 17th holes. Cink says having son Reagan as caddie ‘a huge help’ The veteran is two solid rounds away from adding a third plaid jacket to the two he earned in 2000 and 2004. In both of those wins, Cink came from behind on Sunday. This time he’ll need to just maintain his strong overall play. Since Reagan became his caddie, father and son have been collaborating on strategy before tournaments. “We call it bludgeoning and we’re just bludgeoning that plan almost to death,” the elder Cink said with a grin. “When you manage yourself around a course like that and execute, the golf courses yield.” Conners entered the week with Masters momentum, having tied for eighth at Augusta National for his second top-10 finish there in five months. He birdied seven of his final 13 holes. “Giving myself lots of chances and was really nice to see some go in,” Conners said. “Hopefully, can keep that up going into the weekend.” Morikawa had chances, too, He had seven birdie opportunities from 20 feet or less on his final nine holes, but the only one that dropped was an 18-footer on No. 6. Morikawa said changing wind conditions made it difficult to judge green speeds. “It was tough not seeing a few birdies in,” he said. “But we’ll work on a few things and be fine for the weekend.” RBC Heritage: Full-field scores | Full coverage Smith, who was bogey-free in his opening 62, dropped three shots in a five-hole stretch on Friday. “I think the golfing gods got a few back on me today,” the Australian said. Top-ranked Dustin Johnson used a back-nine surge to avoid his second straight missed cut and after leaving the Masters early, returning only to slip the green jacket on new champ Hideki Matsuyama. Consecutive bogeys on the fourth and fifth holes at Harbour Town dropped him to 1-under, but four birdies coming in gave him a 67 and left him 11 shots behind Cink. Those going home included Patrick Cantlay, Harris English, Sergio Garcia and Kevin Na, all among the top 30 in the FedEx Cup point standings this season.last_img read more

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