Meet Maria Isabel, the Dominican singer-songwriter whose beautiful songs will both calm you down and pick you up.
Meet Maria Isabel, the Dominican singer-songwriter whose beautiful songs will both calm you down and pick you up.
Britain will borrow almost 400 billion pounds ($533.60 billion) in the current financial year to pay for the massive coronavirus hit to its economy, finance minister Rishi Sunak said on Wednesday. The world's sixth-biggest economy is set to shrink by 11.3% in 2020, its biggest contraction since the early 1700s, before growing by 5.5% in 2021, Sunak said as he announced a one-year spending plan. "We're prioritising jobs, businesses and public services," he said, adding that the plan included a "once-in-a-generation" investment in infrastructure.
(Bloomberg) -- Chileans are gearing up for a second round of early pension withdrawals after tapping $17 billion in retirement funds to buy consumer goods and pay off debts when a similar measure passed earlier this year.The senate will vote on a bill granting fresh access to pension money amid the coronavirus outbreak as soon as Thursday, while separate, government-backed legislation could be reviewed later in the day. If one of the proposals becomes law, as is expected, total withdrawals may drain some $30 billion of the $200 billion held in the funds.While the changes were designed to ease the economic impact of the pandemic and lockdown, they are also part of a broader fight for the future of Chile’s privately-run pensions. The current system, introduced during the Augusto Pinochet dictatorship, has been targeted by protesters over its low payouts to retirees. Detractors see it as a cause of inequality in an investment grade country able to spend more on its people, while investors say the funds are the bedrock to the nation’s burgeoning capital markets.“There is a broad sector of the population that doesn’t want the current pension system,” said Cristobal Huneeus, a partner at data science consultancy firm Unholster who was previously an adviser to both the Labor and Finance Ministries under former President Michelle Bachelet.Elsewhere in Latin America, Peru passed a law this month allowing for a second round of pension withdrawals, while Mexico is also considering changes to its retirement funds. Under existing rules, Mexicans can tap part of their pension savings if they become unemployed.Broad SupportIn Chile’s case, congress defied opposition from President Sebastian Pinera‘s administration and approved the first pension withdrawal bill in July. The measure enjoyed broad support that included votes from lawmakers in the government’s own coalition.Within hours of the bill’s passage, workers flooded the offices of the private pension companies, lining up for hours in the cold weather even as the virus outbreak raged. Citizens used the money to buy items such as cars and appliances, as well as to make down payments on homes.Read more: Chileans Swamp Pension Offices as Pinera Concedes DefeatOpposition lawmakers later introduced legislation that would allow a second round of withdrawals. This time, the government responded by vowing to challenge that bill’s legality in the nation’s constitutional court and by pushing forward its own, more limited proposal.“This is a one-time policy that can’t be repeated,” Finance Minister Ignacio Briones said about the government-backed bill earlier this month. “If we make it permanent, we’ll be left without any pension money.”Should the opposition proposal be approved by the senate, it would have to go through the constitutional court in a process that could take about a month. Meanwhile, any changes to the bill that was previously approved by the lower house would return the legislation to the Chamber of Deputies for fresh debate and votes.Growth ImpactAmid the virus outbreak, Pinera’s government has pledged emergency aid worth 12% of gross domestic product, with measures including low-interest rate loans and job protection programs. Still, the pension bill has stood out for its direct impact, driving stronger-than-expected growth in the third quarter and will add 1.2% to GDP alone this year, according to the central bank.Chile’s Finance Ministry expects the economy to shrink 5.5% this year before rebounding 5% in 2021.Read more: Chile to Scrap Pinochet-Era Constitution in Landslide VoteIn the meantime, there is a consensus that the retail industry would by the primary beneficiary from new withdrawals. BTG Pactual’s asset management unit is overweight on both Chilean retailers and banks on hopes of a “gigantic” stimulus from the pension funds.Pensions will be a hot-button topic as the country rewrites its constitution and holds presidential elections in 2021 with unemployment rates remaining high.(Updates second paragraph with new schedule for votes)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
New York, New York--(Newsfile Corp. - November 25, 2020) - Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action lawsuit that has been filed on behalf of investors who purchased or acquired the securities of Biogen Inc. ("Biogen" or the "Company") (NASDAQ: BIIB) from October 22, 2019 through November 6, 2020 (the "Class Period"). The lawsuit filed in ...
EXCLUSIVE: Singer Sarah Brightman’s first livestream Christmas concert next month will include a reunion with her former husband and partner-in-theater Andrew Lloyd Webber. The two will perform the relatively obscure Lloyd Webber-Tim Rice song “Christmas Dream.” Brightman and Webber were married from 1984-1990, with the singer serving as something of a muse during the composer’s […]
The writer knew the bestselling memoir was politically fraught, but that's not what led to some of her most challenging edits.
Scores of freshly-dug graves fill the church compound in Mai-Kadra. Shovels abandoned by weary hands are strewn on the dirt among empty cans of lemon air freshener that fail to mask the stench of death.
As President-elect Joe Biden builds his economic team in the coming days, some influential lawmakers are urging him to choose Katherine Tai, the Democratic trade counsel on the House of Representatives' Ways and Means Committee, as U.S. trade representative. The job, sometimes called the "trade czar," is expected to be a lynchpin position as Biden pledges to reverse predecessor Donald Trump's "America First" policies, build jobs at home, and punish Beijing for anti-competitive trade practices. Tai played a key role in negotiating stronger labor provisions with the Trump administration in the new U.S.-Mexico-Canada (USMCA) trade deal, and has solid backing in labor and business circles, people familiar with the Biden team's deliberations say.
The sportswear industry will face a challenging 2020 holiday season, according to NPD vice president and senior sports Industry adviser Matt Powell.
Let’s get this out of the way first: None of David Bowie’s songs appear in Stardust. This might seem like a cinematic Achilles' heel, particularly given the movie’s time frame: just before the birth of Bowie’s most famous alter ego, Ziggy Stardust. However, not resorting to the jukebox musical techniques, or forcing actors…
The Oscar and Emmy winner takes us inside some of the movies, books, and more that have inspired his work.
B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) ("B2Gold" or the "Company") is pleased to announce that its Board of Directors (the "Board") has declared a cash dividend for the fourth quarter of 2020 of $0.04 per share (or an expected $0.16 per share on an annualized basis), payable on December 18, 2020, to shareholders of record as of December 8, 2020. All dollar figures are in United States Dollars unless otherwise indicated.
Lutheria Smith Lutheria Smith, Senior Vice President and Chief Human Resources OfficerDANVILLE, Va., Nov. 25, 2020 (GLOBE NEWSWIRE) -- American National Bank and Trust Company announced today the hiring of Lutheria Smith as a Senior Vice President and Chief Human Resources Officer of the Bank. President and Chief Executive Officer Jeffrey V. Haley remarked, "This hire is very much in line with our strategic priorities and desire to be a best place to work and we are extremely pleased to have Lutheria join American National. Her knowledge and expertise regarding so many aspects of the Human Resources field will certainly help us improve this key area of the company as we seek to attract and retain the best employees.” Prior to coming to American National, she was Vice President & Director of Human Resources for Draper Aden Associates. A resident of Roanoke, VA, Lutheria will be based in the Roanoke market.Smith stated, "It is a privilege for me to join American National Bank and Trust Company. I am excited to be part of a community bank that cares about its people and its communities, and I am eager to apply my human resource leadership experience to American National and the banking industry.” With a history of serving her community, Smith currently serves as Board Chair for Roanoke City Public Schools on the Junior League of Roanoke Valley Governance Board as well as a Sunday School teacher at Sweet Union Baptist Church. About American National Bankshares Inc.American National is a multi-state bank holding company with total assets of approximately $2.9 billion. Headquartered in Danville, Virginia, American National is the parent company of American National Bank and Trust Company. American National Bank is a community bank serving Virginia and North Carolina with 25 banking offices. American National Bank also manages an additional $884 million of trust, investment and brokerage assets in its Wealth Management Division. Additional information about the company and the bank is available on the bank's website at www.amnb.com.For more information, contact: Jeffrey V. Haley Carolyn B. Kiser President & Chief Executive Officer SVP, Director of Marketing & Community Affairs American National Bankshares Inc. American National Bank & Trust Company firstname.lastname@example.org email@example.com 434.773.2259 540.278.1703 A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/31c438cf-b7f0-4d15-a0f5-ca3cf41d1c47
UPDATED - Public alerting tests to be conducted in Canada on November 25Canada NewsWireOTTAWA, ON and GATINEAU, QC, Nov. 24, 2020OTTAWA, ON and GATINEAU, QC, Nov.
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North Carolina ranks second in the country for Christmas tree production.
Taxi and limousine services have been transformed in a few short years as technology and ride hailing via apps have swept across the market and changed the way consumers access these services. A previously localized industry is welcoming global players who are rapidly expanding their share of the market. Within the global taxi and limousine services market, the top 6 companies accounted for more than 20% of the market in 2019. Considering the market is built from foundations of small, local players, the transition to global, leading players with substantial shares in the market has been rapid and transformational on how the services are utilized.LONDON, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Key Competitor Market Shares In The Global Taxi And Limousine Market, 2019, USD Millions Uber tops the list as the largest taxi and limousine company globally, with a 12.75% market share, according to the latest research from The Business Research Company. This is of course impressive for a company formed just over 10 years ago in 2009.Uber first gained significant traction as a ride-sharing service – matching travelers to empty seats in vehicles traveling in the same direction – a simple way of improving efficiency and reducing cost through the sophisticated organization. As it grew, its proposition expanded, matching drivers to individual passengers heading to a specific destination, a choice of vehicle class and driver, and food deliveries.Uber has grown along with the use of smartphones – as smartphones became more integrated into day-to-day lifestyles, so too did Uber. There is not much there isn’t an app for – and ordering a taxi service is certainly no exception. Ordering through the app allows the customer to know the car and driver, have an estimated price in advance and a very specific pick-up location; all of these pass control and convenience to user, allowing them to trust in the service. This user experience has always been at the forefront for Uber, with investments in the latest technology and highly skilled technical staff has been a priority from the onset. Abdul Wasay, Director, Syndicate Research at The Business Research Company added: ‘Uber is truly a product and a success story of the digital age: a company born from technology, engaging with technology, revolutionizing the simple act of ordering a taxi service, and growing rapidly alongside the age of the smartphone.’The journey for Uber has not always been a smooth one, with much media attention given to multiple controversies, including but not limited to: their treatment of their drivers, use of surge pricing, the disruption to local taxicab businesses, and whether they indeed were fair competition with their aggressive strategies.Uber is followed in the taxi and limousine market by Lyft. Lyft offers a very similar service, with taxi services bookable by an app, and the addition of food deliveries. The main differences between the companies are their size and coverage, with Lyft servicing the US and Canada, while Uber expands a more global reach. Lyft accounts for 4.3% of the global taxi and limousine services market which, like Uber, showcases an impressive journey for a company established in 2012.Of course, the transport industry has been hit hard by the coronavirus pandemic, and both Uber and Lyft are expected to have taken a hit, with both having been seen streamlining their business processes and reporting losses. However, despite initial drops in demand, it would appear that demand is slowly returning and as the economy settles down, TBRC expects future growth for Uber and Lyft.TBRC’s data shows that the taxi and limousine market grew at a CAGR of 4.3% from 2009 to 2019 and is expected to grow further at a CAGR of 5.4% to 2030, despite the slump in 2020. Ride hailing using app technology will continue as a major trend in the market, and technology is expected to develop even further as the market sees the introduction of automatic taxi services. As consumers grow more environmentally conscious, the use of electric vehicles is another technology expected to grow in importance for the market. Abdul Wasay, Director, an analyst at TBRC adds: ‘The challenge clearly presenting itself in this market is to localized taxi firms and the competition they face from national and global players – they will have to work hard to establish themselves with the younger generations and invest in technology for convenient ride hailing processes.’MethodologyThe company revenues are captured from the latest annual reports available at the time of publishing and other publicly available sources and allocated to specific markets based on the relevant companies divisions and analyst estimates based on secondary research, industry knowledge, and expert interviews carried out by TBRC Consultants.Research is sourced from TBRC’s Global Market Model.The forecasted revenue of the company is calculated based on the assumption that the company’s market share will remain the same during the forecast period.DisclaimerThe facts of this report are believed secondary sources, whose accuracy we are not always in a position to guarantee. As such TBRC Business Research Pvt Ltd can accept no liability whatever for actions taken based on any information that may subsequently prove to be incorrect. Analysis and findings included in TBRC reports and presentations are our opinions and are not intended as statements of fact or investment guidance. CONTACT: The Business Research Company Europe: +44 207 1930 708 Asia: +91 8897263534 Americas: +1 315 623 0293 Email: email@example.com Follow us on LinkedIn: https://in.linkedin.com/company/the-business-research-company Follow us on Twitter: https://twitter.com/tbrc_info
This report includes new data on food bank use in Ontario and the impact of COVID-19TORONTO, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Feed Ontario will release the findings of its 2020 Hunger Report on Monday, November 30th, 2020. This year’s report discusses the impact of COVID-19 on food bank use and vulnerable people across the province, as well as ongoing food bank use trends leading up to the global pandemic.Embargoed copies of the 2020 Hunger Report will be available to journalists in advance. The embargo will lift on Monday, November 30th, 2020 at 12:01am.To request an embargoed copy, please email Amanda King at firstname.lastname@example.org indicating that you accept the embargo conditions. About the Feed Ontario Hunger ReportFeed Ontario’s Hunger Report is the only comprehensive, province-wide report on food bank use in Ontario. The report discusses poverty trends and factors driving the continued need for food banks in the province.Typically, the Hunger Report analyzes year over year trends; however, this year’s report includes additional analysis on how COVID-19 is impacting low-income Ontarians and food bank use across the province.The 2020 Hunger Report is available to news media under an embargo that will end at 12:01am Eastern Time, November 30th, 2020. About Feed Ontario (formerly the Ontario Association of Food Banks)From securing fresh and healthy food sources to driving change through policy research and innovative programming, Feed Ontario unites food banks, industry partners, and local communities in its work to end poverty and hunger. Join us as we Feed Ontario and help build a healthier province. Every $1 raised provides the equivalent of 3 meals to an Ontarian in need. Learn more at: www.feedontario.ca Media ContactAmanda King | Feed Ontario | email@example.com | 416-656-4100 x2932
These are your last few days to enter to win $1000!
The first trailer for Disney+ ballet docuseries 'On Pointe' is like a real-life 'Center Stage.'
The "Global Clinical Nutrition Market By Route of Administration (Oral Endoscopic, Gastrotomy, Jejunostomy Intravenous, Others), By Nutrition Type (Enteral Nutrition, Parental Nutrition), By Application, By End User, By Substrates, By Region, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.