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first_imgFinland’s Financial Supervisory Authority is investigating whether the managing director and board members of Local Tapiola Pension failed to abide by the local law on mutual pension insurance companies in 2013, according to a report by local news daily Helsingin Sanomat. Local Tapiola Pension was the predecessor of €19.4bn Elo Mutual Pension Insurance, launched together with Pension Fennia on 1 January.The draft resolution prepared by the Financial Supervisory Authority reportedly lists seven accounts of misconduct by Local Tapiola Pension’s management and board in 2013.The supervisory authority is still working on the confidential draft, according to Helsingin Sanomat. The news daily quoted the draft as saying: “The initial understanding of the Financial Supervisory Authority is that the board and managing director [of Local Tapiola Pension] did not run the mutual pension insurance company professionally, following the principles of sound and prudential corporate conduct and reliable corporate governance, as stipulated in the ninth article of the law on pension insurance companies.”One of the allegations is that Local Tapiola Pension used the funds of the company in a way that did not abide by pension insurance company law, which stipulates that companies must invest their assets in a “profitable and prudential manner”, and forbids them from using their funds for purposes unrelated to work pensions.The authority is investigating whether Local Tapiola Pension’s retirement funds were transferred to Local Tapiola’s non-life insurance company using overpriced service contracts. The mutual pension insurance company allegedly bought technical and personnel services with tens of millions of euros from the other companies of Local Tapiola Group over 2013, as it did not have the necessary networks and technology of its own.The purchases focused on acquiring new customers as well as maintaining customer relations, human resources and financial administration.The authority is also investigating whether Local Tapiola Pension provided the watchdog with all relevant information regarding these liabilities, before merging with Pension Fennia, as the data could have affected the authority’s take on the merger, as well as the conditions on which the merger was agreed.Local Tapiola Pension’s managing director in 2013, Satu Huber, who is currently the deputy managing director at Elo, denied the allegations in a statement.“The view of the previous management of Local Tapiola Pension is that there exist misunderstandings, and no malpractices have taken place,” Huber said.She also noted that Elo’s board and the previous management of Local Tapiola Pension have given a thorough and detailed response to the authority’s inquiry.“We are sorry the issue became public before the inquiry was completed,” she added.The spotlight fell on pension fund governance in Finland in late 2013 after a management scandal at the country’s largest pension fund, Keva.Merja Ailus, then the managing director, resigned following media accusations that, among other things, she had charged the institution for some personal expenses.Keva’s investigation concluded that its guidelines for fringe benefits were insufficient and that good corporate governance had not always been followed.New rules on transparency for private sector providers in Finland’s earnings-related pension system moved a step closer after the government submitted a bill to Parliament in August.The Ministry of Social Affairs and Heath said that, when passed, the new law would require pension insurance companies to hold an insider register of board members and their substitutes, chief executives and their deputies, auditors and employees able to influence the company’s investment decisions.The new governance law is set to come into force by 1 January 2015.last_img read more

first_imgArrecife Energy Systems has been selected to participate in 2017 Cleantech Open Northeast annual accelerator program to further advance its wave energy business.Throughout the 5-month accelerator, companies will be connected with mentors, entrepreneurship education, visibility, opportunities to access capital, and other vital resources to help entrepreneurs and technologists launch a successful cleantech company.Arrecife Energy was selected as one of the 31 companies for this year’s Cleantech Open Northeast accelerator, from a pool of 77 applicants. The company  is developing a new wave energy converter that features turbines with a high torque and a low speed to harness the energy of the waves.The device simulates the natural behavior of coral reefs and their efficiency in absorbing wave energy, and was recently tested in real-sea environment off Spain.The Cleantech Open Northeast Class of 2017 will kick off the accelerator in Boston on June 26-27, 2017, with the Cleantech Open East Coast Academy, a two-day program during where companies will hear from leading cleantech business leaders, receive specialized startup mentoring, and refine their business plans.“Once again the strength of our applicant pool is a testament to the vitality of the cleantech sector in the Northeast. We received a number of applications from companies that have worked with our ecosystem partners, demonstrating the network of support promoting the development and deployment of clean technologies in our region,” said Kathryn Elmes, Cleantech Open Northeast Director.Cleantech Open is a US-based cleantech accelerator dedicated to providing entrepreneurs and technologists the resources needed to launch a successful cleantech company.Over the past seven years, the Cleantech Open has awarded over $5 million in cash and services, and during that time, according to the cleantech accelerator, 880 of its alumni companies have raised more than $1 billion in external funding.last_img read more

first_imgThe Carlyle Group has agreed to buy a significant minority share in the Spanish oil company Cepsa from Mubadala Investment company.Mubadala said on Monday that The Carlyle Group would acquire 30-40% stake in Compañía Española de Petróleos, Europe’s largest privately-owned integrated oil & gas company.The acquisition is based on an enterprise value of Cepsa of $12 billion. The Financial Times (paywall) has reported that the global investment firm based in Washington would pay $3.6 billion for a 30 percent share, with an option increase the ownership to 40 percent.The transaction is subject to customary regulatory approvals and is expected to close by end 2019. Mubadala will remain the majority shareholder of Cepsa.Marcel Van Poecke, Head of Carlyle International Energy Partners, said: “We are delighted to partner with Mubadala and Cepsa’s management team through our commitment to invest in Cepsa which offers such strong potential and future opportunities in the global energy sector.“We look forward to building upon Cepsa’s growth path for the benefit of their customers, suppliers, and employees. Our team has an established track record with a combination of energy sector, financial and operational capabilities as well as experience across the energy value chain from upstream through downstream, refining and marketing.”Cepsa operates in more than 20 countries and its assets include significant reserves contained in both the Umm Lulu and SARB fields located offshore Abu Dhabi. Cepsa is also a significant oil producer in Algeria and operates in Central and South America and South East Asia.last_img read more

first_imgCoordinator of the Health Promotion Resource Centre in the Ministry of Health Helen Royer says diabetes contributes greatly to the rate of mortality in Dominica.Royer made the remarks during the official launching of a three month training workshop for the management of Diabetic Foot in Dominica this morning.She says statistics indicate that diabetes is the third cause of both morbidity and mortality in Dominica and has proven to be very costly to individuals, families and the country.According to Royer, the increase of amputation related to diabetes is of major concern for the Ministry of Health and it is against this background that the diabetic foot care program was initiated since experts remain convinced that the majority of many amputations can be avoided.She told the ceremony that not only do these patients suffer from the amputation of their limbs, but also a significant psychological impact which can be very severe.“Amputation does not only result in loss of mobility but can have a considerable psychological impact on the entire family. In fact many people who have had amputations report feeling emotions such as grief and bereavement similar to experiencing the death of a loved one.”She explained that it was with this in mind that the training workshop was established with a view to exploring methods in which amputations could be prevented.“The workshop offers a concentrated program on how to treat and assess advanced lower extremities, arterial disease with the goal of saving the limb. The training brings together experienced skilled professionals who will provide specific detailed information about proper diagnosis and management and will give physicians the knowledge to make critical decisions that will ensure the best possible outcome for every patient they come in contact with at the community or hospital setting.”At the end of the workshop, participants are expected to be further inspired and equipped to effectively execute their role in the prevention of amputation.It is also hoped that the training will be an impetus to continue to avail new opportunities for addressing the issue of diabetes and amputation.Dominica Vibes News 27 Views   no discussions Share Sharing is caring! HealthLifestyleLocalNews Three month training workshop for Diabetic foot officially launched in Dominica by: – June 10, 2011center_img Tweet Share Sharelast_img read more

first_imgILOILO – Each of the 43 localgovernment units (LGUs) in this province will be receiving P1 million financialassistance from the provincial government to strengthen initiatives keepingtheir jurisdictions free from the coronavirus disease 2019 (COVID-19). * relief goods for PUMs, PUIs andthose affected by quarantine Defensor said the P1-millionassistance should be used for the following: * other elated and necessary expenses/PN Yesterday morning, Defensor issuedExecutive Order No. 081 providing guidelines for the release of the financialassistance. * personal protective equipment (PPEs)such as alcohol and sanitizers, head cover, disinfectants, gloves, aprons,medical masks, eye protection (goggles or face shield) and such other similarprotective devices and supplies The municipality of Guimbal, however,will be getting P1.5 million for better response. The second of four confirmedCOVID-19 cases in Western Visayas is from Guimbal. The patient is currentlyconfined at The Medical City in Iloilo City. * food package for frontliners,healthcare workers and those conducting checkpoints and monitoring personsunder quarantine Gov. Arthur Defensor Jr. urged LGUs tostrictly enforce his Executive Order No. 080 imposing an “enhanced communityquarantine over the entire province of Iloilo for stronger protection” againstCOVID-19. * thermal scanners and similar medicaldevices including medicines and medical supplies * fuel and lubricant As of March 23, the province had 9,396persons under monitoring (PUMs) and 31 persons under investigation (PUI), datafrom the Provincial Health Office showed. A woman wearing a facemask passes by the Iloilo provincial capitol on Bonifacio Drive, Iloilo City. IAN PAUL CORDERO/PN * tarpaulins, signages, supplies forinformation, education campaign on the preventive measures for COVID-19 andother relate activities PUMs are persons with a history oftravel to areas with COVID-19 positive cases but not showing signs andsymptoms. PUIs are those showing signs and symptoms of COVID-19.last_img read more

first_img Schmidt recently revealed his “love-hate relationship” with coaching drives his obsessive side, and White confirmed the former Leinster boss will quickly be seeking solace through analysis. “He’s the type of guy who will go back and watch the game probably five times tonight,” said White of Ireland boss Schmidt. “He’s very humble, willing to admit mistakes if there are any and change things if it’s better for the team. “As players as well we need to look at ourselves and what we can learn out of it, as to why we didn’t deliver tonight. “It’s a sign of a very good coach to go and pick it to bits. And if things can be improved they are happy to admit that and then they make changes. “I’m sure he’ll find some things where everyone can improve.” Tommy Bowe suffered suspected knee ligament trouble amid yet more collateral damage for a patched-up Ireland, in Sunday’s quarter-final in Cardiff. Ireland leaked two tries in the first 10 minutes en route to a galling loss, Juan Imhoff claiming a brace amid a sterling triumph from the rampant Pumas. Press Association Joe Schmidt will lick his wounds into the small hours watching endless re-runs of Ireland’s World Cup exit – then come back stronger for the hurt. Prop Nathan White backed head coach Schmidt to jump straight back into searching for minuscule improvements, just hours after Ireland crashed out of the World Cup to Argentina. The Pumas thumped Schmidt’s men 43-20 to deny Ireland a first World Cup semi-final, at the sixth time of asking. Shorn of pivotal leaders Paul O’Connell, Peter O’Mahony and Johnny Sexton through injury, and the banned Sean O’Brien, Ireland simply failed to contain their South American foes. Dejected Ireland duo Devin Toner and Keith Earls refused to blame the litany of missing stars for their side’s last-eight exit. “It’s the first World Cup I’ve been involved in and I knew progressing would be very hard,” said Leinster lock Toner. “It was very frustrating but the best thing we can do is learn from it and move forward. “They’re a very dangerous side and they proved that. “We’re always going to miss the leaders that weren’t out there today but I’m not going to make excuses.” Outside centre Earls was shut down at every turn by the frenzied Pumas defence, admitting afterwards Ireland’s feeling of impotence to be 17 points down after just 12 minutes. “It’s devastating to be going home tomorrow after putting your body on the line for the whole tournament,” said Earls. “We thought we were in a good place last week. We had a few injuries and we were missing a few massive leaders, but it’s not easy when you give a team a 17-point lead after 15 minutes. “It was bizarre. I looked up at one stage and it was only 12 minutes gone. But they like to suck in defenders and they’re big, strong men and they got outside us. “Our defence was off a few times in the first half and sometimes in these games you only get one or two chances and they took their chances. “We lost four massive players but we knew we had the players to come in (and) do well. “They gave everything but it was tough out there – and that’s Test rugby.” Ireland boss Schmidt hailed Argentina in victory, but was left frustrated by fly-half Nicolas Sanchez, as he termed it, drawing a penalty out of Toner for a high tackle. Schmidt claimed Sanchez made a meal of the challenge, that allowed Argentina to secure a six-point lead heading into the final throes. “You can’t afford to give a good team like that such a head-start,” said Schmidt. ” But at the same time at 23-20 we worked an overlap that we didn’t quite take. “And there’s a little lack of experience, and that was very frustrating. “It either comes off for us or for them, and we didn’t quite get the rub of the green. “I felt sorry for Dev at 23-20 when they won a penalty. “I thought Sanchez was imperious today. But I do think he milked that for everything it was worth. And once it got to 26-20 it became a little bit more difficult.” last_img read more

first_imgThe Palm Beach County state attorney’s office will not file charges against a man who is accused of pulling a gun on a customer at a Walmart in Royal Palm Beach during an argument over masks.Vincent Scavetta was facing one count each of aggravated assault with a deadly weapon and improper exhibition of a firearm.Scavetta was caught on video pushing an elderly man in a wheelchair at the Walmart when a man with his daughter approached him and they began to argue. Witnesses say the argument was over Scavetta not wearing a mask. Palm Beach County Sheriff deputies say Scavetta gave the guy the middle finger before pulling out a handgun from his waistband. “I’ll kill you,” Scavetta told the man, according to the arrest report.However, all this evidence was not enough to charge Scavetta, according to Assistant State Attorney Autumn Gurrola. Gurrola wrote in an Aug. 27 filing  “Although there was probable cause to make an arrest, the evidence cannot prove all legally required elements of the crime alleged and is insufficient to support a criminal prosecution.”last_img read more

first_imgLAUSANNE: Thomas Bach said that he is willing to run for a second term as President of the International Olympic Committee (IOC). Bach said at the IOC Session on Thursday that he is ready to run for a second term in office and his announcement was followed by unanimous praise from the rest of the IOC members, thus increasing the likelihood of him winning the election next year with little to no opposition. “If you, the IOC members want, I am ready to run for a second term as IOC President, and to continue to serve you and this Olympic Movement which we all love so much,” Bach said in the session that was the first to be held virtually due to the coronavirus pandemic. IANSAlso Watch: Truck Catches Fire in Nagaon; Locals Suspect Foul Playlast_img

Update on the latest sports

September 18, 2020 | hpnymhct | No Comments

first_imgUpdate on the latest sports TOKYO (AP) — Japan’s professional baseball and soccer leagues will begin allowing fans this week. Soccer and baseball officials say the first day with fans will be Friday. The maximum number will be 5,000 or 50% of stadium capacity, whichever is smaller. Officials say they plan to allow stadiums to be filled to 50% capacity beginning on Aug. 1. Japan has largely held the coronavirus in check with only 1,000 deaths it a country of 126 million. The United States has reported 130,000 deaths with a population of about 330 million. However, new cases have increased recently in Tokyo. New cases on Sunday in Tokyo topped 100 for the fourth straight day.JAPAN-TOKYO GOVERNOR July 6, 2020 SKOREA-TRIATHLETE’S DEATHSKorean officials vow to look into triathlete’s abuse claimsSEOUL, South Korea (AP) — Top South Korean officials have offered a public apology and vowed to delve into the death of a triathlete who had repeatedly told government and sports bodies she had been abused by her team coach and others. Sports Minister Park Yang-woo told lawmakers he “feels heavy responsibility” for Choi Suk-hyeon’s death and apologized to her bereaved family and the South Korean public. A team of investigators was formed to look into why authorities didn’t properly respond to the athlete’s petitions about the alleged abuse. Two former teammates said they had been abused as well. The team coach denied the accusations.REAL MADRIDRefereeing criticism increases as Madrid nears Spanish title After a weekend spent stoking division, Trump wrongly accused Bubba Wallace of perpetrating “a hoax” after one of his crew members discovered a rope shaped like a noose in a garage stall. Federal authorities ruled last month that the rope had been hanging there since at least last October and was not a hate crime. Trump is asking whether Wallace has “apologized to all of those great NASCAR drivers & officials who came to his aid.”GIANTS-SANDOVAL’S SIZEGiants manager Kapler: Pablo Sandoval’s weight not an issue LONDON (AP) — British sprinter Bianca Williams and her partner have accused London police of racial profiling after officers stopped and searched the couple’s car. Williams and Portuguese sprinter Ricardo dos Santos are both Black and were stopped in their Mercedes on Saturday. The 26-year-old Williams says Metropolitan police “put out a fabricated report” about driving on the wrong side of the road. Video of the incident has circulated on social media. Police say nothing illegal was found and no arrests were made. Police say they reviewed footage and “are satisfied that there are no misconduct issues.” BLAGG RETIRESBritish diver Blagg retires at 23 because of shoulder injuryLONDON (AP) — British diver Alicia Blagg says she is retiring from the sport because of a shoulder injury that has ended her chances of competing in a third Olympics at next year’s Tokyo Games. The 23-year-old Blagg has won medals at the Commonwealth Games and European Championships but says “injury after injury” have taken a toll. Blagg had shoulder surgery in May 2019 to repair a torn labrum. She previously had two wrist surgeries. Blagg competed at the London and Rio de Janeiro Olympics. She hoped to recover from the shoulder surgery and qualify for the Toyko Games.center_img Tokyo governor, Abe say they’ll cooperate on virus, OlympicsTOKYO (AP) — Tokyo’s newly reelected governor and her political rival, Japanese Prime Minister Shinzo Abe, have agreed to cooperate on handling the coronavirus outbreak to safely hold the Olympics next year. Gov. Yuriko Koike met with Abe a day after she was elected to her second term. Koike’s overwhelming victory was buoyed by public support for her handling of the virus pandemic despite a recent rise in infections in the capital region. Abe in contrast has seen his support eroded by perceived missteps and by political scandals. For now, Koike has denied speculation of her return to national politics. Associated Press SAN FRANCISCO (AP) — The San Francisco Giants expect Pablo Sandoval to be in baseball shape and ready to contribute when games begin later this month. Sandoval’s larger size and round middle have ignited the internet and brought out the body critics as baseball begins again. Manager Gabe Kapler expressed empathy for the scrutiny Sandoval faces over his fluctuating weight and is confident the 2012 World Series MVP can make an impact as both an infielder, switch-hitting slugger off the bench or as designated hitter.JAPAN-ALLOWING FANSJapanese soccer and baseball to start allowing fans at games MADRID (AP) — Real Madrid is again being accused of benefiting from the referees as it gets closer to the Spanish league title. Barcelona president Josep Bartomeu is the latest to take a shot after Madrid won this weekend with a controversial video review decision. It was the latest VAR ruling to favor Madrid since the league resumed following the coronavirus pandemic. Bartomeu says “in many games VAR hasn’t been fair and has always favored one team.” He didn’t dismiss the notion that Madrid is ahead in the standings thanks to VAR.BRITISH SPRINTER-POLICEBritish Sprinter accuses London police of racial profiling Share This StoryFacebookTwitteremailPrintLinkedinRedditTRUMP-BUBBA WALLACETrump lashes out at NASCAR, Bubba Wallace over flag, ropeWASHINGTON (AP) — President Donald Trump is criticizing NASCAR for banning the Confederate flag at its races and is going after its only Black driver. last_img read more

Women of Troy prepare for final homestand of year

September 17, 2020 | hpnymhct | No Comments

first_imgWith just two games left in the regular season, the women’s basketball team is projected to be the “first team out” of the NCAA tournament, according to ESPN.com.That means if the tournament was seeded today, USC (16-11, 8-8) would be left out of the 64-team field.Bounce back · Senior guard Jacki Gemelos and the Women of Troy look to end to their losing streak against the Washington schools. – Tim Tran | Daily Trojan If the Women of Troy are going to prove that prediction wrong, they have no margin for error against Washington State and Washington in their final home stand of the year, which starts tonight against Washington State (8-20, 6-10) at 7 p.m.The increased urgency has been brought about by an alarming road trip last week, when USC lost both its games to fellow bubble contenders Arizona State and Arizona.“After those two losses, we’re hungry and we want to beat these two Washington schools,” said senior guard Jacki Gemelos. “We know how important [each game] is from this point on.”The two losses dropped USC into a tie for fourth-place in the Pac-10 with Arizona.Both schools own 8-8 conference records and trail Arizona State by one game.The two teams who end up finishing fourth and fifth will play each other in the second round of the Pac-10 tournament next week.“You can’t be sad [about losses] for too long, because we have two huge games coming up that could really help us for the tournament,” Gemelos said.Fortunately for USC, the Cougars are coming into Los Angeles on a cold streak, failing to secure a single victory in their recent three-game home stand.Washington State has also lost four of its last five games.USC cannot take the Cougars lightly, however, as last year, it fell to them at the Galen Center, 63-52.With Washington State out of contention for a NCAA tournament bid, it could still play the role of spoiler and play for pride.The Cougars will be looking to improve upon their best conference record in a decade — the last time Washington State finished with six conference wins was the 2000-01 season.Freshman forward Sage Romberg leads Washington State with 9.3 points per game, but the team relies on its depth to compete.The Cougars have no player averaging double-digit scoring, but have eight players who score more than five points per game, and nine players who average more than 10 minutes of playing time per game.Meanwhile, USC relies on Gemelos and junior guards Ashley Corral and Briana Gilbreath. All three average more than 10 points per game.More important than what the Women of Troy do on the offensive end will be what they do on the other end of the court.USC has four players ranked in the top-20 in rebounding (Gilbreath, sophomore Christina Marinacci, freshman Cassie Harberts and senior center Kari LaPlante) in the Pac-10, but Washington State has none.When the Women of Troy have outrebounded their opponents this season, they are 11-0.Conversely, when they lose the rebounding edge, they are 5-11.In USC’s previous games this season against both Washington squads, the Women of Troy outrebounded and outscored their opponents. They beat the Cougars 72-57 and the Huskies 60-51.If the Women of Troy sweep the Washington schools and make a run in the Pac-10 tournament, they will likely be able to participate in the NCAA tournament for the first time since 2006.“It would be so amazing to [make the tournament],” Gemelos said. “We’re going to do everything in our power to get there.”last_img read more