Germany narrowly avoids recession as GDP remains flat in the fourth quarter

first_img Read more: Eurozone industrial production suffers sharpest fall in almost three yearsBut the country’s Federal Statistics Office reported 0 per cent growth in the fourth quarter as domestic demand clawed Germany away from the brink of recession.The euro dropped to its lowest level in three weeks from earlier highs of $1.1290 down as low as $1.1260 following the data release.“While today’s release confirms that Germany narrowly avoided a recession, it still points to weakening momentum in the German economy,” Ana Andrade, German analyst at the Economist Intelligence Unit said.“The production of vehicles rebounded in December, so car production disruption should gradually stop weighing on growth.” by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comMisterStoryWoman files for divorce after seeing this photoMisterStoryBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthGadgetheory39 Of The Most Beautiful Women In HistoryGadgetheory Callum Keown whatsapp Germany narrowly avoids recession as GDP remains flat in the fourth quarter Thursday 14 February 2019 8:42 am Germany narrowly avoided a recession at the end last year as GDP remained flat in the final quarter of 2018.The Eurozone powerhouse’s economy had contracted in the third quarter and another contract would have seen it enter a technical recession. Italy, the bloc’s third largest economy, fell into a technical recession over the final two quarters of the year as a global slowdown and political tensions weighed on Rome. “The economy will enter a slowdown in 2019 but this will be manageable. Still, risks to the economy in 2019 are on the downsize and are mainly external and geopolitical,” she added.Read more: Eurozone services output declines to five-year lowsDanske Bank’s research team said the “details were better than the headline”, pointing out that domestic demand, private and government consumption and investment all rose over the three months.But net trade failed to make a positive contribution to growth again as global trade tensions continued to have an impact.It comes amid a swathe of disappointing economic data within the Eurozone over the past six months. Share whatsapp Tags: Trading Archivelast_img read more

Video: Harborview Elementary’s Halloween dance show

Arts & Culture | Education | Juneau | Juneau SchoolsVideo: Harborview Elementary’s Halloween dance showOctober 30, 2015 by Jeremy Hsieh, KTOO Share: (Creative Commons photo by The B’s)Harborview Elementary School had an all-school Halloween dance performance on Friday.It was part of physical education teacher Zach Stenson’s classes. Watch this video one parent shared from the show.(The part set to “Thriller” starts at about 3:45.)Share this story:

Keeping the Tlingit language alive with youth

first_imgAlaska Native Arts & Culture | Arts & Culture | Community | Education | Family | Juneau | Southeast | State GovernmentKeeping the Tlingit language alive with youthApril 29, 2019 by Henry Leasia, KHNS-Haines Share:Marsha Hotch teaches at her language nest in Haines. (Photo by Henry Leasia/KHNS)There are 20 officially-recognized Alaska Native languages in the state. But fluent speakers continue to decline. That led then-Gov. Bill Walker to declare a linguistic emergency last year.Now Tlingit Elders are teaching young children early in a home-like environment, and they’re finding it more effective than the classroom.Audio Playerhttps://media.ktoo.org/2019/04/ak-20190426.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.The walls of the children’s gallery at the Haines Sheldon Museum are lined with stuffed animals. Behind them is a mural of the Chilkat Valley. Mothers rock sleeping babies. Dinner is a steaming tray of mac and cheese cooling in the corner.Language teacher Marsha Hotch is seated in a semicircle with a half-dozen youngsters.She begins to sing.At first, she’s met with blank stares. Slowly the children pick up the rhythm of the song. By the end, nearly everyone is singing along.“I’ve taught little ones, but this is different,” Hotch said. “We have a family, and I’m looking at adults and I’m looking at babies and in between. And it’s wonderful because that’s actually where our language starts, is with a family.”Hotch is from Klukwan in Southeast. She grew up speaking Tlingit with her family.“In the home, that was all that was spoken,” she said. “Leaving home, I was leaving one environment and stepping into a different environment. I can’t explain it, but it just felt different at that time.”Hotch is one of the roughly 60 fluent Tlingit speakers left in Alaska. And she’s been teaching her language to others for two decades. She’s taught in classrooms, at community centers and at the university. But she said this is different.“Here in the museum, we’ve created a little language environment, and so when people come into my classroom, we try to do our best to create that environment as if they were out in the community,” Hotch said.This type of learning environment is called a “language nest.” It’s less structured than a typical classroom. The kids are at home here. Babies nap in their mother’s laps while kids color eagles and moose at a round table in the corner.Gina Randles is here with her daughter Grace. She said it’s a nice way to unwind with her 5-year-old. Even if the pronunciation can be tough.“They’re sounds that aren’t in any other language, so it’s a little tricky to shape your mouth around that,” Randles said.Linguists say Tlingit has a number of sounds that don’t typically exist in English. That’s hard for adults, but less so for kids who are still learning to communicate.Tlingit was once the predominant language spoken across Southeast and parts of British Columbia. There are many efforts to revitalize it, but the Alaska Native Language Preservation and Advisory Council warns that, unless Native tongues are spoken daily, they could be practically extinct by the end of the century.X̱’unei Lance Twitchell serves on the advisory council. He’s been pushing the state to adopt Indigenous languages into the public school curriculum.X̱’unei Lance Twitchell in 2016. (Photo By Annie Bartholomew/KTOO)“What I would like to see is that there is a language teacher in every school and that there is an expectation that every child who is going to graduate takes one semester of an Alaska Native language,” Twitchell said.That’s an ambitious goal. But there are efforts afoot. A new Tlingit immersion preschool opened in Juneau earlier this year. And statewide Native language initiatives are starting to gain some ground.Last year when Walker declared a linguistic emergency, he issued an administrative order directing the Department of Education and Early Development to work with partners to promote Alaska Native languages in public schools and universities.Hotch said she’s intent on helping nurture the next generation of Tlingit native speakers.“Seeing the parents come in and the kids get to see their parents being enthusiastic about learning this new language that’s so new to them, it’s different,” Hotch said. “You know, but it’s a way to communicate. Even some of the kids, to them it’s just communication. They don’t recognize it as language.”Share this story:last_img read more

News / China’s port operator swoops on Brazilian JV operating container facilities at Paranagua

first_img CMPort, the port-operating subsidiary of state-owned China Merchants Holdings has made its first investment in Latin America, announcing this morning that it is to buy a 90% stake in the Brazilian joint-venture that operates the container facilities in the port of Paranagua.The shareholders of TCP Participações (TCP) – 50% owned by Advent International and 50% by a consortium comprising Galigrain, Grup Maritim TCB (now part of APM Terminals), Pattac, Soifer and TUC Participações Portuárias – this morning announced the signing of a binding agreement whereby CMPort will acquire 90% of TCP’s shares for approximately R$2.9bn ($925m).TCP manages the Terminal de Contêineres de Paranaguá, one of the largest container terminals in South America, and logistics company TCP Log. Under the terms of the deal, Advent, Galigrain and TCB will sell their shares in TCP, while Pattac, Soifer and TUC will together retain a 10% stake in the company.The deal remains subject to regulatory approval, including from Brazil’s antitrust authority, but is expected to be completed by the end of 2017.The facility has a capacity of 1.5m teu but an expansion project to take that up to 2.4m teu is underway, due to be completed in 2019. It represented a hugely attractive asset for the acquisition-hungry CMPort, according to Neil Davidson, senior analyst of the ports and terminals sector at Drewry Maritime Advisors.“TCP is an attractive asset. It’s very profitable, with an EBITDA margin in excess of 60%, and it has a strong market in gateway traffic, including specialised reefer traffic. There is competition from neighbouring ports up and down the coast but also has a significant degree of captive traffic.“It’s also got significant scope to grow, because the capacity is already in place and that’s a bonus in Brazil where it can be hard to get permissions to expand.”Drewry estimates that the terminal handled around 740,000 teu in 2016, which means it has significant room to grow, given current capacity of 1.5m teu.“Given the high profitability of the business, its scale and its potential for growth, it was always going to be a substantial price tag, but the EV/EBITDA multiple will I think be largely in line with most recent M&A deals,” Mr Davidson added.CMPort managing director Bai Jingtao said: “China Merchants Port has rapidly expanded its overseas presence and understands that the entry into Latin America, especially Brazil, is crucial for the global expansion of its terminal network.“TCP is not only China Merchants’ cornerstone to enter Brazil, but also the future hub of the rising commodity and goods trade flow between Brazil and China.“China Merchants Port will also leverage its international port operation experience and local connectivity to help TCP continue its success story as one of the leading ports in Brazil and Latin America.”In its recent Annual Review of Global Container Terminal Operators, authored by Mr Davidson, Drewry notes that the big investment trend is that “the Chinese are coming”, and he said today that other Latin American firms were likely to find themselves on Chinese operators’ radar.“I’m sure Latin America will be a focus area for expansion by Chinese players – Brazil has to be high on the list given its scale, but may be some of the privately owned groups like Ultramar and SAAM Puertos will attract the attention of Chinese investors. Also, Central America should be kept in mind – for example the very large greenfield terminal in Colon backed by Chinese investors,” he explained.Ownership of TCP is also expected to provide a significant fillip to CMPort’s international volumes. Last week it announced its half-year results, which showed a slim 0.5% growth in international volumes, largely due to Terminal Link – the CMA CGM terminal operating subsidiary in which it has significant stake – selling its Xiamen facility.The group’s overall volumes for the first six months of the year hit 50.9m teu, representing 8.9% year-on-year growth, and it posted a half-year EBITDA of HK$5.9bn (US$753m), a 9.2% year-on-year increase.The deal will also see APM Terminals exit the port, although given that its stake, through its TCB acquisition, was limited to just 5%, it was more a financial interest than strategic and TCP’s throughput was not separately reported in APM Terminals’ latest figures. By Gavin van Marle 04/09/2017last_img read more

Looking ahead to the two Laois senior hurling semi-finals this afternoon

first_img Pinterest Looking ahead to the two Laois senior hurling semi-finals this afternoon WhatsApp GAA By Steven Miller – 6th October 2019 Previous articleLaois Climate Change report warmly received, but …Next articleJobs in Laois: All of the recent job vacancies as advertised on LaoisToday Steven Millerhttp://www.laoistoday.ieSteven Miller is owner and managing editor of LaoisToday.ie. From Laois, Steven studied Journalism in DCU and has 14 years experience in the media, almost 10 of those in an editorial role. Husband of Emily, father of William and Lillian, he’s happiest when he’s telling stories or kicking a point. Facebook Laois SHC Semi-final – Borris-Kilcotton v Clough-BallacollaIn O’Moore Park at 2.30pmNeighbours Clough-Ballacolla and Borris-Kilcotton meet in the first game in O’Moore Park today with both sides looking to book a final place following decent championship form to date.Clough-Ballacolla topped a tough group containing champions Camross and Borris-Kilcotton with wins over both as well as Abbeyleix.Borris-Kilcotton opened with a win over Camross and though they lost to Clough-Ballacolla on a scoreline of 2-17 to 1-16 the second day out they eased to wins over Abbeyleix and Ballinakill to reach their fifth semi-final in succession.Since their maiden championship win in 2016 they have been beaten in consecutive semi-finals by Camross but recording a first championship win over their neighbours was significant in the opening round.Ballacolla look set to be without both Stephen ‘Picky’ Maher and Lee Cleere, both of whom have been struck down by illness in recent weeks. It’s a massive blow but they haven’t a had a full hand to play from all year and have still come through the early stages unbeaten.When they beat Borris-Kilcotton in the group stages they were without the suspended Willie Hyland as well as Ronan Broderick. They had no Hyland or John A Delaney for the opening game against Abbeyleix and Cleere also missed the win over Camross.It’s obviously far from ideal for Clough-Ballacolla but they have a strong panel as it is.Stephen Bergin is in flying form and Willie Dunphy and Willie Hyland can be expected to contribute to the scoring too.Borris-Kilcotton, though, are the slightest of favourites. PJ Scully’s scoring power is immense and he’s hit tallies of 1-10, 1-10, 2-9 and 2-8 in the four games to date.Scully’s in a forward line alongside the two Dunphys, Neil Foyle, Daire Quinlan and Joe Campion. There’s plenty of scoring power there.In knockout hurling, the loss of Maher and Cleere will be more keenly felt than previously.For that reason, Borris-Kilcotton should shade it.Prediction: Borris-KilcottonLaois SHC Semi-final – Camross v Rathdowney-ErrillIn O’Moore Park at 4pmCamross’s bid for a third county title in a row faces a big test in O’Moore Park in the second game today when they face up to Rathdowney-Errill in a repeat of last year’s final.Doing three-in-a-row for the first time since the 1970s would be a massive achievement for this group of Camross players who have also shown their consistency by winning three league titles in succession.Today’s game comes exactly 12 months since last year’s controversial final between the two. The poisonous fallout from that had many repercussions and while the two teams will be keen to leave that aside, you can be sure that Alan Doheny and his team of officials will be on high alert.Camross have an incredible recent record against Rathdowney-Errill and today will be looking to record an eighth successive win in the fixture.As well as last year’s county final, they also won an early round game last year and in 2017, last year’s league final and three regular league fixtures.That trend has to count for something even if there has been signs of slippage from Camross who have already lost twice in this championship – to Borris-Kilcotton and Clough-Ballacolla.They had to dig themselves out of a hole in the quarter-final against Castletown and though they impressively did so in the second half of that game and really played like champions, they again failed to score a goal.That’s three times in four games that they’ve gone goal-less this year, a notable fall off on recent seasons when you had to go back to the county final of 2015 for the last time they failed to get a goal.Raising a green flag in games has been like oxygen to this team in recent seasons (think of the last two county finals in particular) and if they don’t get goals today it’s hard to see them outscoring Rathdowney-Errill.Yet Rathdowney-Errill are coming into this cold. They won their three group games by a combined total of 58 points and weren’t in any way tasted.The way the fixtures fell they were assured of their semi-final place after the second round and then had a three-week break to the dead rubber game against Portlaoise and then a four-week break to the semi-final.It’s a flaw of the championship system that a team can go seven weeks without a meaningful game and while they’ve been on the challenge match circuit, Camross have had two decent challenges against Castletown and Clough-Ballacolla in the meantime.The match-ups will be key and how Camross pair off against Mark Kavanagh, Paddy Purcell and Ross King will be interesting.Camross are a well-balanced side that have become so used to winning big championship games in O’Moore Park. Rathdowney-Errill have suffered a series of disappointments since their last title in 2014.But today represents a great opportunity for them and they should justify their favourite’s tag.Prediction: Rathdowney-ErrillSEE ALSO – Listen to the latest LaoisToday hurling podcast as we look ahead to the weekend action GAA Home Hurling Club Hurling Looking ahead to the two Laois senior hurling semi-finals this afternoon HurlingClub HurlingSportGAA Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Twitter WhatsApp TAGSBorris-Kilcotton v Clough-BallacollaCamross v Rathdowney-ErrillLaois SHC GAA Here are all of Wednesday’s Laois GAA results Pinterest Twitter Facebook RELATED ARTICLESMORE FROM AUTHOR 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshinlast_img read more

Standard Life changes fund lineup

first_imgIE Staff Share this article and your comments with peers on social media Related news BMO to launch six new mutual funds Montreal-based Standard Life Mutual Funds (SLMF) Monday announced the termination of two equity funds and the launch of two emerging markets funds. Standard Life Canadian Equity Focus Fund and Standard Life U.S. Equity Focus Fund will close effective July 31. Fidelity Investments unveils new climate-focused fund suitecenter_img Facebook LinkedIn Twitter As of 16:00 ET on May 26, units of the two funds will no longer be available for new investments, including additional purchases by existing unit holders and through regular investment plans. Existing unit holders of the two funds have the option to redeem or switch their investments to any Standard Life mutual funds before the funds’ termination date. SLMF will waive all sales charges and redemption fees in connection with the redemptions of units of the two funds. Two new emerging markets funds The two emerging markets funds launched Monday address the need of Canadian investors to diversify globally through the expertise and worldwide management capabilities of Standard Life Investments. “Many emerging economies have experienced rapid growth in recent years and Canadian investors are looking for a way to gain access to that growth,” said Yanic Chagnon, vice president of retail solutions, in a release. “They can access some of the emerging markets’ most compelling investment opportunities through the new funds, which benefit from Standard Life Investments’ local insights in global markets.” Standard Life Emerging Markets Debt Fund aims to provide a combination of capital growth and income by investing primarily in debt securities of issuers located or participating in emerging market countries. SLMF has rated the volatility of this fund as Medium. Standard Life Emerging Markets Dividend Fund aims to provide a combination of capital growth and income by investing primarily in a portfolio of dividend paying equity and equity-type securities of companies that are located or participating in emerging markets. This fund is also available in corporate class. SLMF has rated the volatility of this fund as High. The minimum initial investment for both funds is $1,000. The portfolio manager for both funds is Standard Life Investment Inc. and the sub-portfolio manager is Standard Life Investments Limited. Keywords Fund launchesCompanies Standard Life Mutual Funds Ltd. Wealthsimple launches Sharia-compliant ETFlast_img read more

Bank of Canada to foster collaboration with innovators

first_img Related news James Langton Banking industry’s tech shift has accelerated amid pandemic BMO found AI, climate change and diversity opportunities in pandemic: CEO The program aims to develop experiments to identify and solve challenges that don’t have an existing commercial solution.To start, the BoC is looking for a new tool to assess the impact of rising interest rates on household spending in real time, innovative ways to detect malicious activity and enhance cyber security analytics, and an artificial intelligence tool to provide French language evaluation.“We’re always working to enhance our economic and financial analysis and operations. Teaming up with entrepreneurs and experts to explore new technology is a great way to do that,” says Carolyn Wilkins, senior deputy governor, in a statement. “The PIVOT program will help us remain innovative in our mission to promote the economic and financial welfare of Canadians.” The Bank of Canada (BoC) is looking for partners in the private sector and academia to experiment with digital tools and technology, such as artificial intelligence and machine learning, the central bank announced Thursday.The Partnerships in Innovation and Technology (PIVOT) program is part of the BoC’s efforts to fast-track innovation in its economic analysis and research, as well as in its day-to-day operations. center_img RBC powers up its AI with new partnerships Keywords Artificial intelligenceCompanies Bank of Canada Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

BMO shuffles executive ranks, brings in new CFO with U.S. market experience

first_img CETFA elects new board leader PenderFund names new SVP for investments Canadian Press Keywords Appointments,  Banking industryCompanies Bank of Montreal Related news BMO Financial Group says it is shuffling its executives and bringing in a new chief financial officer.The bank says Tayfun Tuzun will join BMO on Nov. 16 and become CFO at the start of next year. Tuzun will join the bank first as deputy CFO, but be promoted following a brief transition period.Tuzun has served as CFO at Cincinnati-based Fifth Third Bank since 2013 and was chosen for his experience in the U.S. financial services market.He will replace BMO’s current CFO Tom Flynn, who has been with the bank since 1992 and will become a vice chair.As part of the changes, general counsel Simon Fish will become special advisor to the CEO and Sharon Haward-Laird will take on Fish’s former role. Horn speaker for public relations sign symbol, vintage color - sun with blue sky 123RF TD getting new head of private wealth, financial planning Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

Int’l Sports Personalities and Officials for Mckenley’s Funeral Service

first_imgRelatedInt’l Sports Personalities and Officials for Mckenley’s Funeral Service FacebookTwitterWhatsAppEmail Several international sports officials and personalities, including Trinidad and Tobago Olympian, Hasley Crawford, are expected to attend the official funeral service of Jamaican sports hero and legend, the Hon. Herb McKenley, on Saturday, December 8 at the National Arena.Mr. Crawford bested Jamaica’s Donald Quarrie to win the 100 metre gold medal at the Montreal Olympics in 1976.Member of the Organizing Committee for the funeral, Dr. Herbert Elliot, said that other Olympians such as Leslie Laing, McKenley’s teammate on the historic 4×400-metre team, which won gold at the 1952 Olympics in Helsinki, and his wife, Carmen Phipps, another Olympian, are also expected to attend.He was speaking at the weekly JIS Think Tank held yesterday (Dec. 5) at the agency’s headquarters on Half-Way-Tree Road in Kingston.Expounding on the extensive list of expected attendees, Dr. Elliot said that high ranking officials from the International Association of Athletics Federation (IAAF) and the Caribbean athletic family, will be among the mourners.“Former Olympian Mike Sands, who is now President of the Bahamian Association of Athletic Associations and former IAAF council member, Alpheus Finlayson, are coming from the Bahamas. Merlene Ottey may also come,” he informed.Former Olympians, who reside in Jamaica, are expected to be present and those include Juliet Cuthbert and Bertland Cameron and current track sensations Asafa Powell and Sherone Simpson.Outlining the programme for the funeral service, Dr. Elliot said there will be tributes from Prime Minister, Bruce Golding; Leader of the Opposition, Portia Simpson Miller; Information, Culture, Youth and Sports Minister, Olivia Grange, and a member of the McKenley family, while former Prime Minister, P.J. Patterson, will deliver the eulogy.Administrative Director of the Institute of Sports and member of the Organizing Committee for the funeral, Ian Andrews said representatives from the Calabar Old Boys Association, the Rotary Club of Kingston, of which Mr. McKenley was a member, the International Olympic Committee, the Jamaica Amateur Athletic Association among others, will participate in the service.“It will be a tightly run funeral, which will end in two hours. It will also be a fine way to say goodbye,” he added.In terms of parking, which is being managed by Major Desmon Brown, Managing Director of Independence Park Limited, there will be designated areas, where stickers will be assigned in various categories. The outstanding athlete, sports administrator and coach passed away on November 26 at the age of 85, leaving behind widow, Beverley and four children. RelatedInt’l Sports Personalities and Officials for Mckenley’s Funeral Service Int’l Sports Personalities and Officials for Mckenley’s Funeral Service UncategorizedDecember 6, 2007center_img RelatedInt’l Sports Personalities and Officials for Mckenley’s Funeral Service Advertisementslast_img read more

Special Council meeting to discuss Division 10 vacancy

first_imgSpecial Council meeting to discuss Division 10 vacancy Townsville City Council will hold a special Council meeting tomorrow (Tuesday 8 December) to discuss filling the Division 10 councillor vacancy.The meeting will be held from 3-4pm and will be livestreamed on Council’s website as per COVID-safe guidelines.Mayor Jenny Hill said it was the next step in complying with the amendments to the Local Government Act 2009.“Queensland Parliament last week passed amendments to the Local Government Act 2009,” Cr Hill said.“Council will hold this meeting to decide its approach to filling the Division 10 vacancy in line with the legislated requirements for filling the role.”The Division 10 position was made vacant when former councillor Les Walker was elected state member for Mundingburra. /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:council, elected, Government, Local Government, parliament, QLD, Queensland, Townsville, Townsville City Council, websitelast_img read more