first_img“We’re going to announce that we’re going to be taking certain sanctions against France, suspending them like they’re suspending collection of the taxes right now,” Lighthizer told an online event hosted by the London-based Chatham House think tank.Officials from the European Union delegation and French Embassy in Washington were not immediately available to comment.One industry source said USTR could announce an action on Friday reserving the right to impose tariffs on around US$500 million worth of French goods that were included in a larger list published in December, while deferring implementation.USTR in December said it could slap punitive duties of up to 100 percent on $2.4 billion in imports from France, including goods such as Champagne, handbags and cheese, after concluding the French tax would harm US tech companies.The list targeted some products that were spared from 25 percent tariffs imposed by the United States over disputed European Union aircraft subsidies, including sparkling wines, handbags and make-up preparations.Spokespeople for the European Union delegation in Washington and the French embassy could not immediately be reached for comment.The issue will be a topic when finance ministers from both the Group of Seven advanced economies and the Group of 20 major economies meet in coming weeks.Topics : The Trump administration will announce actions against France over its digital services tax but will defer them while France defers tax collections from US technology firms, US Trade Representative Robert Lighthizer said on Thursday.The actions, expected by industry to be announced on Friday, are tied to a US Section 301 probe into France’s digital tax, which Washington says discriminates against US tech firms such as Google, Facebook and Apple Inc.The United States last month withdrew from multilateral talks to reach a global solution on digital services taxation, citing a lack of progress in the negotiations.last_img read more

first_imgPremiums at ABP are being paid by the employers and workers in a 70-30% ratio.The pension fund said it expects that for 2021, it has to raise its contribution level, and/or reduce its accrual rate, because of the increasing costs of pensions.The civil service scheme added that it wasn’t able to grant inflation compensation, because its funding – 93.2% at October-end – was far too low.Its coverage ratio must be at least 110% before it is allowed to start granting inflation compensation.Indexation in arrears will have accumulated to 19.1% next year, it indicated.Last week, the board of the €238bn Dutch scheme PFZW announced that it would keep its contribution at 23.5% in 2020, while also maintaining the annual accrual rate at 1.75% of the salary.It said that it would not be able to raise pensions to keep up with inflation. At October-end, its funding stood at 94.1%.The scheme added that, ahead of 2021, it had to make a decision about raising its premiums and/or reducing the accrual rate.Minister to discuss admin problems with sectorWouter Koolmees, the Dutch minister for social affairs, plans to discuss administrative problems with pension funds, as highlighted by a collective of investigative journalists.The researchers suggested that up to hundreds of thousands of pensions might be too low following employers paying in insufficient contributions.During a debate in parliament last week, the minister said that incorrect information would be “a stimulus to simplify the system”. He cited the pension plan for military personnel at ABP, which was “virtually impossible to implement because of its complexity”.However, in his opinion, it was too early to demand an audit of the administration and IT systems at providers, as requested by Corrie van Brenk, MP for the party for the elderly 50Plus.Roald van der Linde, MP for the liberal party VVD, said the elaboration of the pensions agreement must lead to a new system that enables participants to check whether their pension entitlements are correct. The €459bn Dutch civil service scheme ABP is to keep its contribution for the regular old-age pension as well as for the surviving relatives benefits for 2020 unchanged.However, it said the additional premium for labour disability pensions would be raised by 0.4% to 0.82%.The fund stated that, as a result of people working longer, the risk of labour disability had increased.ABP added that it also expected more workers to apply for labour disability benefits, as it had been pro-actively informing its participants about the option.last_img read more

first_imgMaersk Invincible, one of the world’s largest jack-up rigs, has started its maiden work, plugging wells at the Aker BP-operated Valhall field in the North Sea, offshore Norway.According to a statement by Aker BP issued on Wednesday, the plugging operations started on May 28.Offshore Energy Today has previously reported on the rig getting the Norwegian authorities’ clearances to get the work done.The rig, which arrived in Norway in April 2017, will stay with the Valhall-operator for five years. It will permanently plug a total of 18 wells from the Valhall DP platform.Plugging wells is a key part of the work to modernize the Valhall field center. The three original platforms from when the field started producing in 1982 – QP, DP and PCP – will be removed. The remaining platforms in the field center – IP, WP and PH – will, Aker BP says, produce “for many, many years to come.”While being one of the world’s largest jack-ups is a feat for itself, there is another interesting aspect of the Maersk Invincible.Namely, it is being fully supplied with electricity from the Valhall field, which in turn takes electricity from the shore through a 294-km long subsea cable.According to Aker BP, this is “probably the first time ever” a drilling rig is being powered fully from shore.“We had available power supply capacity and Maersk Drilling made a commitment to facilitate electrification of the Maersk Invincible when it was built in South Korea,” says Valhall field director, Per Mikal Hauge in Aker BP.The company’s calculations show that electrification of the drilling rig will reduce local emissions by 15,200 tonnes of CO2 and 168 tonnes of NOx every year.last_img read more

first_imgThe UK government is backing industry plans for a multi-million pound underwater engineering hub in Aberdeen.Bringing together underwater technologies from both industry and academia from up and down the country, the planned Global Underwater Engineering Hub should reinforce the UK’s status in the field and build on expertise in subsea robotics, remotely-operated underwater vehicles and maritime support vessels.Seizing the opportunities in the blue economy will also help the UK’s oil and gas sector diversify and support the UK move away from fossil fuels towards clean growth.The UK already has a 40% share of the global market in the subsea industry that could be worth more than £100 billion globally by 2035.Prime Minister Theresa May said:“Today I can announce that the UK government is backing plans for a new Global Underwater Hub in Aberdeen, helping established businesses thrive and creating new opportunities as the world makes the shift towards clean growth.“Cementing Aberdeen’s place as an energy hub for offshore and renewables, the new hub would bring together areas of excellence in underwater technology under a single commercial vision. It would support industry, generate new skilled jobs and help us in the fight against climate change.”Following this endorsement from the UK government, industry are now encouraged to develop a business case for the hub for the Department for Business, Energy and Industrial Strategy to review.Building on the existing synergy between the oil and gas industry and renewable supply chains, the new hub will form part of a continued package of support from the UK government to help the UK’s oil and gas sector diversify.This includes the establishment of the Oil and Gas Authority as an independent regulator for the UK Continental Shelf, £90 million towards the creation of the Oil and Gas Technology Centre in Aberdeen and £45 million for seismic surveys in under developed areas of the UK Continental Shelf.The UK’s oil and gas industry supports around 280,000 jobs, meets almost half of our energy needs and has contributed £334 billion in taxes towards our vital public services.In March, the UK government also launched the offshore wind sector deal, an agreement with industry which aims to deliver a third of the UK’s electricity through offshore wind and seize on export opportunities that could be worth up to £2.6 billion by 2030.last_img read more

first_imgSecret Bay view. Photo credit: Secret BaySecret Bay Dominica — The host of the Caribbean Hotel & Resort Investment Summit (CHRIS) announced Secret Bay the winner of the prestigious Development of the Year Award at the Caribbean Hotel & Resort Investment Summit (CHRIS) conference, on Tuesday, May 8, 2012, at the JW Marriott Marquis Miami hotel in Miami, Florida, USA. CHRIS is hosted by Burba Hotel Network (BHN).The announcement stated the following: “In the category of Development of the Year 2011, the winner is Secret Bay Dominica. Opened in June 2011, the intimate Secret Bay Hotel is located in the island of Dominica, on the Eastern Caribbean. The property features four villas and bungalows atop wooden superstructures, perched like tree houses on a cliff. Nominees in the Development of the Year 2011 category also included Buccament Bay Resort in St. Vincent & the Grenadines and Fishing Lodge Cap Cana in Punta Cana, Dominica Republic. Rogerio Basso chaired the Development of the Year Award committee that was comprised of hotel industry leaders who selected, reviewed, and nominated deals. The finalist information was sent to the CHRIS delegates for voting.”CHRIS is the Caribbean’s most important hotel and tourism investment conference. The Caribbean region is showing signs of recovery, and there may be no better time to focus on the investment opportunities. CHRIS immediately precedes a second important event, the Hotel Opportunities Latin America (HOLA) conference. The back-to-back nature of the two events is an efficient way for the hotel investment community that is interested not only in the Caribbean, but also in the Latin America region, to conduct their business while in Miami.Press Release LocalNews Dominica Resort receives Development of the Year Award by: – May 11, 2012 Tweet Share Sharecenter_img 22 Views   no discussions Share Sharing is caring!last_img read more

first_imgRelatedPosts Barca president Bartomeu says he won’t go to war anymore with Messi Aguero could be out of action until November, Guardiola says Messi scores twice in Barca friendly Lionel Messi has reportedly urged new Barcelona boss Quique Setien to move for Manchester City striker Sergio Aguero as a replacement for Luis Suarez. Aguero, who will see his contract at the Etihad Stadium expire at the end of next season, has scored 249 goals in 359 appearances for the Citizens in all competitions. There is a feeling that the 31-year-old could seek pastures new in the summer of 2021, though, and according to reports in Spain, Messi has called for Setien to attempt to sign his fellow Argentine. The Ballon d’Or holder allegedly told the club’s new manager that City’s record goalscorer would be the ideal player to replace Suarez, who is currently on the sidelines following knee surgery. The Uruguay international has scored 14 times in 23 appearances at club level this season but is also out of contract next summer and could leave Camp Nou in search of pastures new. Aguero scored 74 goals in 175 La Liga appearances during his time with Atletico Madrid.— Tags: Ballon d’OrCamp NouLionel MessiManchester CitySergio Aguerolast_img read more

first_img Moyes, who has been in charge for the past 11 years, is out of contract in the summer but does not intend to make a decision on a new deal until the end of the season. Chairman Bill Kenwright admitted this week that is not ideal for the club but he respects the Scot’s wishes and hopes a new contract can be signed after the last game. Moyes said: “As I have said, we will conclude that at the end of the season. What I am trying to do is make sure I give Everton the best chance of going forward. I wouldn’t want it any other way.” Press Association Everton boss David Moyes insists he will not destabilise the club despite wanting to make sure conditions are right before committing his future to Goodison Park.center_img Kenwright added that he has already rebuffed enquiries about a potential vacancy, saying there is no other man he wants, but if Moyes was to leave he would do so “with his head held high”. Moyes wants to make sure he will have the wherewithal to revamp his squad to prevent stagnation but is pleased to hear Kenwright’s complimentary remarks. Moyes, speaking at a press conference to preview this weekend’s clash with Stoke, said: “I am delighted, from the chairman especially. Being at Everton is something I would be really happy with. But we have been talking for a long time now, three or four months and everyone nudges along a little bit further every time we speak. “I would never do anything, in any way, to jeopardise Everton or the football club. I want to make sure the supporters see a promising, fresh-looking team for the seasons to come. “We have to make sure the finances we have give us the opportunity to do that. “We have a small squad, and in truth we have an ageing squad as well, which we need to look at. I need to be capable of being able to make those changes for the best of Everton. “We are well aware of where we are at this moment in time. I have always said that where we finish, what we do at the end of the season – that will be a better time for us to make a decision than just now.” last_img read more

first_imgMartin Jol has told Fulham fans to get off Bryan Ruiz’s back after seeing the playmaker jeered off against Manchester United. Press Association Life at the west London club is tense right now, with Saturday’s 3-1 defeat to United their third loss in the space of a week. The poor run has seen a number of fans turn on manager Jol, as well as some of the Fulham players. Ruiz, signed to much fanfare from FC Twente in 2011, has struggled this term and his 74th-minute substitution was met by loud cheers, followed by boos. The Costa Rica international tweeted later that night: “I want to thank those who are supporting in this difficult time.” And Jol was angered by his treatment. “It was very disappointing,” Jol said. “That [kind of abuse] is something I can cope with because I know football. I have been involved in 1,300 games and I know if people are not happy, they will give you stick. “Bryan is a player that came back from Costa Rica’s game against Mexico, he scored, they won 2-1 and he goes to the World Cup. “Then to come here and get that sort of contradiction [in reception]: over there he is a hero and here they boo him off the park. “That is very, very frustrating for him and very disappointing for me. I wanted my supporters to stay behind my players. “He is an unbelievably nice person so I had to whisper a few words in his ear. “I said he is arguably my best player and that he should know that. “It doesn’t mean anything but at least a couple here, and I am one of them, trust him.” Ruiz’s lack of consistency and knack of losing possession has frustrated many, but Jol warned Fulham would miss him if he left. “Sometimes he is a my best player and sometimes gets caught on the ball,” he said. “There are a few other players in the past like him and I think one of my heroes is Glenn Hoddle. “People never gave him credit because sometimes he was a bit like Bryan. “They have to get used to him and if they don’t get used to him, we’ve got a problem because I need Bryan Ruiz. “Maybe they don’t need me. They need Bryan Ruiz, believe me.” There were a number of “Jol out” chants aimed at the Fulham manager at Craven Cottage, although owner Shahid Khan still appears supportive of the Dutchman. “He always says positive things to me,” Jol said. “There are a few youngsters coming through and we have other youngsters coming through, so that is positive. “I am always waiting for a few critical remarks and comments, but he is not doing that. “The other fellow who is working with me, my chief executive Alistair Mackintosh, is the best man.” last_img read more

first_img McIlroy was looking to claim the fourth major of his career and become the first player since Padraig Harrington in 2008 to win back-to-back majors. Lifting the Wanamaker Trophy for the second time would also see the Northern Irishman become the third youngest player after Tiger Woods and Jack Nicklaus to win four majors, just one less than the total won by the late Seve Ballesteros and two behind Nick Faldo. It was the fourth time McIlroy had held the 54-hole lead in a major, the first leading to heartache in the 2011 Masters when he was four ahead entering the final round at Augusta only to collapse to a closing 80. Two months later he bounced back in spectacular style to win the US Open by eight shots at Congressional before winning the 2012 US PGA by the same margin at Kiawah Island. Last month he led from start to finish at Royal Liverpool, taking a six-shot lead into the final round before going on to win by two from Sergio Garcia and Rickie Fowler. McIlroy missed good birdie chances on the 11th and 12th, the latter after seeing Mickelson in the group ahead hole from 30 feet across the green for an unlikely par. But the world number one made no mistake from eight feet on the 13th to get back into a share of the lead with five holes remaining. Stenson had offered a prayer of thanks to the golfing gods when his approach to the 13th just carried the water and set up a birdie from three feet, only to three-putt the next to drop back out of the lead. Fowler dropped out of the lead after a wayward tee shot led to a bogey on the 14th and when Mickelson bogeyed the 16th, McIlroy was back in the outright lead for the first time since the third hole. Press Association With the Valhalla course already saturated, a torrential downpour saw play suspended at 12:53pm local time, more than two hours before the final pair had been scheduled to tee off. Play was eventually able to resume almost two hours later with McIlroy and Austria’s Bernd Wiesberger starting at 4:19pm, meaning they faced a race against time to finish before darkness descended in Louisville. Rory McIlroy was battling the elements and some world-class opposition as he tried to win his second major in four weeks in a thrilling, weather-affected climax to the USPGA Championship. “I will hang around until next week to try to win this thing. It doesn’t bother me in the slightest,” McIlroy said. The Open champion started with two pars before three-putting the third from long range to drop back into a tie for the lead with Wiesberger and Phil Mickelson, who had birdied the first and third. That soon became a five-way tie when Rickie Fowler recovered from a bogey on the second with birdies at the third and fourth and Henrik Stenson picked up his third shot of the day on the fifth. But Fowler, who finished joint fifth in the Masters and joint second in the US Open and Open this season, then moved into the outright lead by chipping in for his third birdie in succession on the fifth. Stenson drew level again with a two-putt birdie on the seventh and when McIlroy failed to get up and down from a bunker on the sixth, the 25-year-old found himself two shots off the lead. A superb chip from the edge of a bunker on the seventh set up McIlroy’s first birdie of the day but Fowler had also picked up a shot there and then holed from 28 feet on the 10th to reclaim the outright lead on 15 under. McIlroy therefore found himself three off the pace but got back into contention in spectacular fashion, hitting his approach to the par-five 10th to seven feet and rolling in the putt for an eagle. Mickelson had missed from much closer than Fowler on the 10th but made amends on the 11th to join his playing partner in the lead, the pair exchanging fist-bumps as they walked to the 12th tee. last_img read more

first_imgA teenager from Tennessee is inspiring many after earning more than $3 million in college scholarships as his high school’s valedictorian despite becoming homeless his senior year.Following the death of his father, Tupac Mosley, a Raleigh Egypt High School graduate, became homeless after he and his family were evicted from their home.The tragedy could have easily derailed the 17-year-old’s future, but instead, he was resilient.Mosley held a 4.3 GPA and remained at the top of his class despite having to move regularly.He hoped to receive at least $1 million in scholarships and even surprised himself when he surpassed all of his goals.Mosley was accepted to more than 40 colleges and will reportedly attend Tennessee State University where he will major in electrical engineering.During his valedictorian speech, the teenager told his classmates to “never let your current situation, whatever circumstances you’re going through, be a mountain that you can’t climb.”last_img read more