Jonas Valanciunas (Memphis Grizzlies) with an and one vs the Milwaukee Bucks, 04/17/2021
Jonas Valanciunas (Memphis Grizzlies) with an and one vs the Milwaukee Bucks, 04/17/2021
Suresnes, May 11th 2021 – 8.50 a.m. Antoine Fiévet, Chairman and CEO, announces a new stage in the governance of Bel Group which should lead to the implementation of a separate governance system in 2022 and to the appointment of Cécile Béliot as CEO Under the impetus of its Chairman and CEO, the Bel Group has announced its intention to move towards a form of governance that separates the functions of Chairman of the Board of Directors and Chief Executive Officer, which should lead Antoine Fiévet and the Nomination Committee to submit the appointment of Cécile Béliot to Group CEO for a vote by the Board of Directors in 2022. During the upcoming transitory period, Cécile Béliot becomes Group Executive Vice President and succeeds Antoine Fiévet as Chairman of the Supervisory Board of MOM (Materne®, Pom’Potes®/GoGo squeeZ®, Mont-Blanc® brands, etc.). Prepared for since Cécile Béliot joined Bel as Executive Vice President in charge of the Group’s Strategy, Growth levers and Markets, this evolution seeks to allow Bel Group to continue to lead its transformation, while perpetuating the vision and values carried by the Bel-Fiévet shareholder family since the creation of the company over 150 years ago. The mission undertaken by Cécile Béliot in this transitory period is to progressively prepare the next steps for bringing together Bel and MOM teams and to continue implementing the Group’s strategy on its three complementary product families – dairy, plant-based and fruit – in line with the innovation, internationalisation and modernisation processes that she has already set in motion within Bel. Since Cécile Béliot joined the Group in 2018, she has defined within the Executive Committee the pillars of the strategy for a sustainable growth model and has led alongside Antoine Fiévet the deployment of this strategy: acceleration of innovation with the shift towards plant-based products, overhaul of the brands’ missions while respecting their historic attributes, acceleration of the Group’s new geographical territories (USA, China…) and distribution channels (e-commerce, out-of-home…). Bel's Board of Directors has declared itself in favour of this move towards separate governance as of 2022. This type of governance has shown its strengths in many international companies and should allow both for short-term transformation and for long-term sustainable performance in an increasingly uncertain and complex world. Antoine Fiévet, Bel Group’s Board of Directors Chairman and Chief Executive Officer has said: “This governance shift is the fruit of a long-standing consideration, and I have wished to progressively set it up to guarantee the stability and sustainability of the Group’s growth. As we celebrate the 100th anniversary of our iconic brand, The Laughing Cow®, we are at a symbolic moment demonstrating our ability to take the long view. This is also a strategic moment, as we are accelerating on new growth territories: plant-based products and, through our MOM activities, the fruits segment. Cécile Béliot has shown over these past years her commitment to our Group’s values and DNA, her leadership, her ability to transform our model in order to uphold our mission: offering healthier and responsible food for all. I am convinced that she will be able to meet our future challenges and to continue developing sustainably our Group and its brands.” Cécile Béliot, Group Executive Vice President has said: “The trust shown in me by Antoine Fiévet and the shareholder family is a great honour, but above all a great responsibility. It commits me to the pursuit of our mission which we have undertaken together for three years now, and to be dedicated to the values which have made our Group’s success. I deeply believe in the strength of our model to invent the sustainable food of tomorrow, accessible to as many people as possible. I am proud that we are committed to this on a daily basis, together with all of the employees of the Group.” About BelThe Bel Group is a world leader in branded cheese and a major player in the healthy snack market. Its portfolio of differentiated and internationally recognized brands include such products as The Laughing Cow®, Kiri®, Mini Babybel®, Leerdammer®, Boursin®, Pom’Potes®, Nurishh®, and GoGo squeeZ®, as well as some 20 local brands. Together, these brands helped the Group generate sales of €3.46 billion in 2020. Some 12,510 employees in some 40 subsidiaries around the world contribute to the deployment of the Group's mission to champion healthier and responsible food all. Bel products are prepared at 33 production sites and distributed in nearly 120 countries. ------------------Press Contacts BelHavas Paris – firstname.lastname@example.orgLaure Calixte – 06.33.81.81.17 Attachment 20210510_Havas_Bel_Press Release_Separate governance system_US
The total loan portfolio amounted to SEK 8,922 million at the end of April. Compared to April 2020, the loan portfolio has increased by 31 % in local currencies.
The Florida Department of Law Enforcement said Monday three separate reports found "no evidence" of criminal wrongdoing by prosecutors and sheriff's officials over a case concerning wealthy sex offender Jeffrey Epstein, per the Palm Beach Post.Why it matters: Epstein's victims criticized Palm Beach sheriff's officials and prosecutors including Alexander Acosta, a Trump administration labor secretary, after they struck a plea deal in 2008 with the financier that resulted in him avoiding federal prosecution for his participation in an international sex operation. Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for freeThe reports clear the state attorney’s office and sheriff's officials of any wrongdoing, finding there wasn't any evidence that they were "coerced, bribed or engaged in any criminal activity in the performance of their duties," AP reports.The big picture: A judge ruled in February 2019 that prosecutors violated the law in reaching the deal, and Gov. Ron DeSantis (R) ordered an investigation into their conduct in August 2019 — days before Epstein killed himself in the Manhattan's Metropolitan Correctional Center.Acosta resigned in July 2019 while facing scrutiny over his handling of the case.What they're saying: Sheriff Ric Bradshaw, who took office in 2005, said in a statement Monday saying he'd "asked for the investigation and welcomed its findings," AP notes.Like this article? Get more from Axios and subscribe to Axios Markets for free.
Yahoo Lifestyle SEA caught up with the four heartthrobs of the popular boys' love series for a chat about the show and their characters.
Law and Home Affairs Minister K Shanmugam has challenged the Progress Singapore Party NCMP Leong Mun Wai to debate the India–Singapore Comprehensive Economic Cooperation Agreement, also known as CECA, in Parliament.
(Bloomberg) -- About 8,300 miles east of Wall Street, on a stretch of Bangalore’s Outer Ring Road, sits what was once the heart of the global financial industry’s back office.Before the pandemic, this cluster of glass-and-steel towers housed thousands of employees at firms like Goldman Sachs Group Inc. and UBS Group AG who played critical roles in everything from risk management to customer service and compliance.Now the buildings are eerily empty. And with case counts soaring across Bangalore and much of India, work-from-home arrangements that have sustained Wall Street’s back-office operations for months are coming under intense strain. A growing number of employees are either sick or scrambling to find critical medical supplies such as oxygen for relatives or friends.Standard Chartered Plc said last month that about 800 of its 20,000 staffers in India were infected. As many as 25% of employees in some teams at UBS are absent, said an executive at the firm who spoke on condition of anonymity for fear of losing his job. At Wells Fargo & Co.’s offices in Bangalore and Hyderabad, work on co-branded cards, balance transfers and reward programs is running behind schedule, an executive said.While banks have so far avoided major disruptions by shifting tasks to other offshore hubs, India’s Covid crisis has exposed a little-discussed vulnerability for companies that have spent decades outsourcing functions to the country. India’s outbreak is intensifying even as vaccinations fuel economic recoveries in other parts of the world, heightening fears of a back-office bottleneck at a time when Wall Street firms have rarely been busier.“This is not a local, India-only problem, this is a global crisis,” said D.D. Mishra, senior director analyst at researcher Gartner Inc. The current wave will be “significantly bigger” and organizations with India-based staff “will need to take action to plan for and mitigate if needed,” Mishra and his colleagues wrote in a note last week.Nasscom, the key lobby group for India’s $194 billion outsourcing industry and its almost 5 million employees, has downplayed the threat to operations. But Mishra and fellow analysts at Gartner say they’re fielding a daily flood of calls from anxious global clients asking about the Covid-19 situation.India’s total coronavirus infections have risen to almost 23 million, of which about a third were added since mid-April. The state of Karnataka, whose capital is Bangalore, has been hard-hit.Experts have warned the crisis has the potential to worsen in the coming weeks, with one model predicting as many as 1,018,879 deaths by the end of July, quadrupling from the current official count of 249,992. A model prepared by government advisers suggests the wave could peak in the coming days, but the group’s projections have been changing and were wrong last month.In Bangalore, Delhi and Mumbai, the three main bases for the financial giants’ operations, infection rates have reached such alarming levels that local governments have ordered stringent restrictions on movement.While the crisis has hit swathes of the nation’s $2.9 trillion economy, the latest wave has notably affected the twenty-something segment of the population that dominates outsourcing companies and is hard to replace. Most of them are English-speaking, technically-skilled workers.Continuity PlanningFor now, back-office units are marshaling part-time workers or asking employees to perform multiple roles and re-assigning staff to make up for those who are absent. They are scheduling overtime, deferring low-priority projects and conducting pandemic continuity planning exercises for multiple locations should the virus wave intensify.A Wells Fargo employee said some work is getting transferred to the Philippines, where staff is working overnight shifts to pick up the slack. The San Francisco-based bank employs about 35,000 workers in India to help process car, home and personal loans, make collections, and assist customers who need to open, update or close their bank accounts.“Nearly all Wells Fargo employees in India are working remotely, and we are not experiencing significant impacts to our business operations,” spokeswoman Beth Richek said in an email response to questions. “We are continuing to support our employees, and we are helping local communities in India with more than $3 million in grants.”She added that no work has moved out of India and there have not been delays in the work the India team does to support Wells Fargo’s credit card business.An employee at UBS said that with many of the bank’s 8,000 staff in Mumbai, Pune and Hyderabad absent, work is being shipped to centers such as Poland. The Swiss bank’s workers in India handle trade settlement, transaction reporting, investment banking support and wealth management. Many of the tasks require same-day or next-day turnarounds. A UBS representative didn’t respond to a request for comment.With uncertainty surrounding how soon the Indian government will contain the crisis, one executive who asked not to be identified likened the situation to flying blind without any idea how many employees will be affected from one week to the next.Rebalancing Loads“We are looking carefully at how we can rebalance loads,” Standard Chartered Chief Executive Officer Bill Winters said on an earnings call last month, noting that some work has been routed to Kuala Lumpur, Tianjin and Warsaw. “In any case, we think we are very well provided for.”Barclays Plc CEO Jes Staley said some functions were shifted to the U.K. from India. Call volumes have increased and people are distressed, he said, adding that signs of pressure was something to watch for. The bank has 20,000 employees in India.Last year, when a sudden lockdown ordered by Prime Minister Narendra Modi saw these banks scrambling to keep their operations running, the European Banking Authority said the push to outsource support functions “exposed these banks to operational risks.”After asking their employees to work from home en masse last year, most of them have continued to operate at near 100% work-from-home levels. Natwest Group Plc’s workforce in Bangalore, Delhi and the southern city of Chennai -- accounting for a fifth of its global total -- is completely set up to work from home.Management BandwidthSimilarly, thousands of Goldman employees are working from home, doing high-end business tasks such as risk modeling, accounting compliance and app building. A representative for the bank said workflows can be absorbed by the wider team if needed and there’s been no material impact so far.Citigroup Inc. said there’s currently no significant disruption, while Deutsche Bank AG said employees were working seamlessly from home. Morgan Stanley and JPMorgan Chase & Co. detailed relief efforts they are undertaking, but didn’t elaborate on the impact on their operations. HSBC Holdings Plc Chief Executive Officer Noel Quinn said he’s “watching it closely” and ruled out any material impact at this stage.Besides worrying about disruptions to operations, employee well-being and securing medical help are also taking up a lot of management bandwidth at every large outsourcing unit.At a recent all-hands, virtual corporate strategy team meeting at Accenture Plc, for instance, the talk wasn’t about the usual pay-raises or promotions. Instead, worker after worker demanded flexibility, reduced workloads and no-meeting Fridays, an executive said, asking not to be named discussing internal company matters.Their size has become a hindrance, one executive said, but it’s not clear where else they can go for talent and scale, he added.The safety of its people is a top priority and the company is taking various measures to ensure their health and wellbeing, Accenture said in an emailed statement. It also has the ability to transfer work across its global network to continue to meet the needs of clients.“We are telling clients they need to relax service levels and reduce expectations for the coming few weeks,” said Mishra, the Gartner analyst. “This is not a normal situation.”(Updates story from May 8 with comment from Wells Fargo in 15th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
May 11—HIGH POINT — Despite a brighter revenue forecast, uncertainty still hangs over High Point's proposed 2021-22 budget. One issue shrouded in mystery surrounds the $23.42 million in federal American Rescue Plan funds the city expects to get and how exactly the money can be used. Officials told the City Council during a budget review Monday that it's possible the funds could be spent on ...
May 11—HIGH POINT — The High Point University baseball team lost both games of a doubleheader with USC Upstate on Saturday. Upstate took the first game of the day 12-9 and won the second game 10-5, completing a sweep of the three-game series that began Friday. Travis Holt was the only Panther with multiple hits in both Saturday games, with a total of four on the day, and had a home run in each ...
Ferguson enjoyed unparalleled success as manager of Manchester United.
Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling - has signed a partner agreement with EasyMining, an innovation company in the Swedish Ragn-Sells Group, to develop new processes and technologies to extract commercially valuable products from waste materials and enable circular solutions.
Vancouver, British Columbia--(Newsfile Corp. - May 11, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report the Company has dispatched 199.8 dry tons of platinum group metal ("PGM") concentrates containing 490.9 oz of PGMs under the offtake agreement with Impala Platinum Limited, within the production month of April 2021. This marks the first full month of PGM production following the recent completion of the reconfiguration ...
May 11—HIGH POINT — In her last home meet, High Point University's Zoie Geis took one last crack at the women's 10,000 meters on the first night of the three-day Big South Conference track and field championships at Vert Stadium. Geis went out a winner in the event in dominant fashion, pulling away from two challengers in the middle stages and winning by bareilly 38 seconds over Rachel ...
May 11—HIGH POINT — Both of High Point University's lacrosse teams will begin NCAA Tournament play in the Triangle area later this week. The HPU women face unseeded Maryland in a first-round game Friday at 7 p.m. in Duke University's Koskinen Stadium. The winner would advance to face Thursday's Duke vs.Mount St. Mary's winner on Sunday at 1 p.m. The HPU men, meanwhile, began play Sunday at 5 ...
Rovio Entertainment Corporation Stock Exchange Release May 11, 2021 at 9.45 a.m. EESTRovio Entertainment Corporation: Management transactionsPerson subject to the notification requirement Name:Rene Lindell Position:Chief Financial Officer Initial Notification Reference number:743700H95H3OPXDV6568_20210510144741_10 IssuerName:Rovio Entertainment Corporation LEI:743700H95H3OPXDV6568 Transaction details Transaction date:May 7, 2021 Venue:First North Finland (FNFI) Nature of the transaction:Disposal Instrument:Financial instrument linked to a share or a debt instrument ISIN: FI4000440318 Volume:(1): Volume: 2,000 Unit price: 1.4 EUR(2): Volume: 750 Unit price: 1.4 EUR(3): Volume: 750 Unit price: 1.4 EUR(4): Volume: 250 Unit price: 1.4 EUR(5): Volume: 500 Unit price: 1.5 EUR(6): Volume: 8,000 Unit price: 1.49 EUR(7): Volume: 750 Unit price: 1.4 EUR(8): Volume: 750 Unit price: 1.4 EUR(9): Volume: 750 Unit price: 1.4 EUR Further details:Linked to stock option programme Aggregated transactions: Volume:(9): Volume: 14,500 Volume weighted average price: 1.4531 EUR ROVIO ENTERTAINMENT CORPORATION More information: Rene Lindell, CFOrene.email@example.com+358 40 485 8985 Distribution:Nasdaq Helsinki LtdKey mediahttps://investors.rovio.com/en About Rovio:Rovio Entertainment Corporation is a global, mobile-first games company that creates, develops and publishes mobile games, which have been downloaded over 4.5 billion times so far. Rovio is best known for the global Angry Birds brand, which started as a popular mobile game in 2009, and has since evolved from games to various entertainment and consumer products in brand licensing. Today, Rovio offers multiple mobile games, animations and produced The Angry Birds Movie in 2016. Its sequel, The Angry Birds Movie 2, was released in 2019. Rovio is headquartered in Finland and the company's shares are listed on the main list of NASDAQ Helsinki stock exchange with the trading code ROVIO. (www.rovio.com
Dana Incorporated (NYSE: DAN) ("Dana") today announced that its wholly-owned subsidiary, Dana Financing Luxembourg S.à r.l., is proposing to issue €325 million aggregate principal amount of senior unsecured notes due 2029 (the "2029 Notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The 2029 Notes will be fully and unconditionally guaranteed by Dana. Additionally, Dana today issued a conditional notice of redemption for any and all outstanding 6.500% Senior Notes due 2026 (the "2026 Notes") at a redemption price of 103.250% of the principal amount thereof, plus accrued and unpaid interest. Dana intends to use the net proceeds from the offering of the 2029 Notes, together with cash on hand, to (i) redeem all of Dana's outstanding 2026 Notes and (ii) pay related fees and expenses.
Location: New York CityThis is a 'Ghost Forest'All the trees died from the effects of climate changeArtist Maya Lin wanted to raise awareness about the threat of rising sea water(SOUNDBITE) (English) ARCHITECTURAL DESIGNER AND ARTIST, MAYA LIN, SAYING:"This is a grove of Atlantic Cedars, all of which, there are forty nine, [are] victims of saltwater inundation from rising seas due to climate change... Climate change is a phenomena that is happening very rapidly, and one of the phenomena, tragically, is it is killing off forests around the world. They're called, 'Ghost Forests'... I feel like time is running out."Each tree is from the Pine Barrens, 100 miles south of New York CityThe forest is on display for six months and admission is free
(Bloomberg) -- The worldwide slump in technology stocks deepened Tuesday, with investor angst over inflation and stretched valuations adding to fresh signs of regulatory scrutiny in China.Losses in Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. helped send MSCI Inc.’s gauge of Asian tech stocks to its biggest drop since Feb. 26, while futures on the Nasdaq 100 slumped in Asia after the underlying index’s 2.6% slide on Monday.The Hang Seng Tech Index sank as much as 4.5%, extending its tumble from a February high to about 30%. Meituan drove declines after the Chinese e-commerce giant’s business practices were criticized by an influential consumer advocacy group, just days after the company’s CEO shared and then deleted a poem on social media that some interpreted as a veiled criticism of Beijing.Global technology stocks benefited from lower interest rates and emerged as investor favorites last year, when the pandemic stoked demand for online services. Now concern is mounting that commodity-fueled inflation will prompt central banks to tighten monetary policy, denting the appeal of stocks whose valuations often hinge on earnings prospects far into the future.With the Nasdaq 100 still trading within 5% of its all-time high last month, some market participants see a good window to take profits.Investors “continue to place their focus on the inflation narrative, with rising commodities prices and chip shortages in play,” said Yeap Jun Rong, a market strategist at IG Asia Pte. “Concerns of higher inflation may weigh on growth stocks, considering that much of their value may come from future earnings.”Broader MarketTuesday’s tech rout weighed heavily on the broader equity market, with the MSCI Asia Pacific Index slipping about 2% and heading for its lowest close since March 31.MSCI’s broadest measure of world equities fell for a second day. That’s after hitting another record just last week after surprisingly weak U.S. jobs data eased some fears about inflation and a cutback in stimulus.“Investors’ tendency to look at just the good side of things is quickly fading,” said Shogo Maekawa, a strategist at JPMorgan Asset Management in Tokyo. “People were inclined to buy technology stocks even after weak U.S. jobs data on the view that any exit in monetary policies is far away. But now, a deep-rooted concern over inflation is leading to declines in technology stocks.”Chinese tech giants have borne the brunt of the sector’s retreat this month, after regulators expanded an antitrust crackdown and announced steps to rein in the companies’ fast-growing finance units.Meituan’s stock plunged as much as 8.7% on Tuesday, taking the slump over two days to 15% after the Shanghai Consumer Council released criticism late Monday on issues that hurt consumer rights.Herald van der Linde, HSBC Holdings Plc’s head of Asia Pacific equity strategy, says they went neutral on China’s internet sector in November arguing that this might be the “single biggest issue” in 2021.“Sometimes, Asian stock markets get carried away by what we can call ‘big market delusions,’ they believe that growth in sectors will continue,” he said. “But then, these stocks can turn suddenly and de-rate even while growth remains strong.”(Updates with more comments in the last two paragraphs.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The last four ATP Masters 1000 events -- the most prestigious tournaments outside the Grand Slams -- have been won by players outside the 'Big Three' of Djokovic, Rafa Nadal and Roger Federer. Russian Daniil Medvedev, 25, won the ATP Finals and the Paris Masters titles last year and has already displaced Spaniard Nadal from second spot.
The authorities banned activists from discussing slavery reparations at a public event
Hong Kong officials dropped a plan to mandate foreign domestic workers be vaccinated against the coronavirus, after hearing international criticism the move would be discriminatory. Most of Hong Kong’s approximately 370,000 domestic workers come from Indonesia and the Philippines, both severely impacted by the pandemic. Hong Kong officials initially proposed the mandate after a foreign domestic worker tested positive for a coronavirus variant in April, with an unknown source of infection.