Russian Bank Alfa to close New York office and scale back London operations as US and European sanctions bite

first_img Billy Ehrenberg Russia’s Alfa Bank will close its New York office and slim down its London operation, according to Bloomberg.The scaling back of operations reflects the “level of interest in the Russian market” Alfa’s Moscow spokesman told Bloomberg. Russian firms have been under increasing pressure due to US and European sanctions, which have effectively frozen them out of international capital markets. The sanctions were imposed as a response  to Russian actions in Ukraine. The spokesman confirmed that the scaling back would affect the London office, but that the bank’s Cyprus office, which employs 40, would be unaffected. The New York operation only employs four staff, all salespeople.Several Russian banks have taken a pummelling, including Sobinbank, which has announced it will only allow customers to withdraw cash in branch, and not via ATM. Its rule will come in on 31 January.  Tuesday 13 January 2015 2:21 pm Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap Share Show Comments ▼ whatsapp Russian Bank Alfa to close New York office and scale back London operations as US and European sanctions bite whatsapplast_img read more

Magic Circle law firm looks north to counter soaring London rents

first_img whatsapp Monday 9 February 2015 9:05 pm Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comLivestlyThe Best Redhead Actresses, RankedLivestlyNoteableyKirstie Alley Is So Skinny Now And Looks Like A BarbieNoteableyGive It LoveRemember These Rare Sisters? See Them NowGive It LoveSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsLux & LushShe Hid Her True Identity All Her Life With MakeupLux & LushBeverly Hills MDPlastic Surgeon Explains: “Doing This Every Morning Can Snap Back Sagging Skin” (No Creams Needed)Beverly Hills MD More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Magic Circle law firm looks north to counter soaring London rents center_img Express KCS whatsapp Share FRESHFIELDS Bruckhaus Deringer could become the latest law firm to move its back office workers north to a Manchester service centre, in a push to cut its rent bill in London.Staff at the Fleet Street offices were told yesterday of the plan, which imitates other firms such as Berwin Leighton Paisner and Allen & Overy in moving support staff and paralegals to office space in Manchester, which can be 50 per cent cheaper.US firm Latham & Watkins also plans to open a business services office in Manchester by June. Freshfields has instructed Knight Frank to look for 100,000 sq ft premises in the city centre as it aims to cut costs. Freshfields declined to comment last night.The law firm employs around 2,000 staff, but many of them won’t be affected if the move goes ahead.Since 1989 Freshfields has occupied a 230,000 sq ft space at 65 Fleet Street. Tags: NULLlast_img read more

L1 Energy looks into UK North Sea asset sale

first_img Show Comments ▼ Express KCS Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Kevin Can F**k Himself’ TV Review: Annie Murphy Blows Up the Idea of aThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap THE NORTH Sea is likely to undergo significant change over the next few years, as a number of the big players move to offload their interests in the region. L1 Energy, a subsidiary of Russian tycoon Mikhail Fridman’s Letter One Group, is reported to have appointed Morgan Stanley to advise on the sale of its North Sea oil and gas assets. L1 bought the assets earlier this year as part of its €5bn (£3.6bn) deal to buy the energy arm of German firm RWE. However, then energy secretary Ed Davey said at the time that he was “minded to require the companies to arrange for a further sale” of the UK portion of RWE Dea. Davey cited concerns around the Western sanctions that have been applied to several Russian firms in the wake of the crisis in Ukraine. Fridman’s L1 had previously said it was considering bringing legal action against the UK government if it pushed ahead with its plans, but the firm is currently considering a range of options, including a possible sale. The company’s North Sea holdings are reportedly worth a total of $1.2bn (£78m).Meanwhile, German firm E.On and France’s Total are both looking for prospective buyers for their North Sea assets too, and Shell announced the sale of its interests in the region in February.The mass exodus from the North Sea has gained momentum over the past six months, with the oil price yet to make any significant recovery. The benchmark Brent crude price more than halved over the past year, dropping to around $45 per barrel, although it is now hovering around $65.Last week’s election result was welcomed by industry group Oil and Gas UK (OGUK) as potentially good news for the North Sea. OGUK boss Deirdre Michie said the group had “good cooperative relationships” with both the UK and Scottish governments, and added: “We look forward to continuing this constructive way of working with the new UK government.” Tags: NULL whatsapp L1 Energy looks into UK North Sea asset sale Sunday 10 May 2015 11:15 pm Share whatsapplast_img read more

George Osborne’s national living wage under attack

first_img whatsapp Express KCS Show Comments ▼ Thursday 10 September 2015 4:13 am The government’s new national living wage (NLW) will offer little relief to workers, according to a new report by the Institute for Fiscal Studies (IFS).  The IFS said any benefits for employees on the new minimum wage would barely offset the negative impact of other changes proposed by chancellor George Osborne to the tax and benefit system. IFS researchers found that in households with someone in paid work, those eligible for benefits and tax credits stand to lose an average of £750 per year from the changes to tax and benefits, but gain only £200 per year in additional income from the national living wage. In other words, on average, they will be £550 worse off under the government’s proposals. William Elming, a research economist at the IFS, said:  “There may be strong arguments for introducing the new NLW, such as increasing earnings and the incentives to work for the low paid. “However, the new NLW cannot be considered a direct substitute for benefits and tax credits aimed at lower income households,” he added. Osborne’s National Living Wage is set to go into effect for over-25’s at £7.20 per hour in April of next year, increasing to £9 per hour by 2020.  center_img Share George Osborne’s national living wage under attack whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comlast_img read more

The Shifting North Korean Power Balance

first_img The Shifting North Korean Power Balance Analysis & Opinion SHARE The present situation in Ukraine has revealed the reality of international powerpolitics in Technicolor once more. For South Korea, a country wed to and largely dependent upon multilateral mechanisms to ensure its external security environment, this trend is great cause for alarm.Northeast Asia is multipolar, and packed with domestic and international variables with the potential to make trouble. The more that can be done to mitigate the dangers, thebetter. In other words, Russia’s actions arguably make a strategy for unification allthe more important. In this interview we speak to Yoon Young Kwan, a formerSouth Korean foreign minister, to evaluate today’s fluctuating international community situation and the state of the North Korean regime. Former Minister Yoon is currently authoring a book on the international systemin the post-Cold War era. Worries over global insecurity areon the rise. How is the changing situation in world affairs affecting unificationon the Korean Peninsula? I am currently authoring a book on the ebb and flow of the changing internationalsystem […] The global financial crisis of 2008 marked the end of changesin the international system since the end of the ColdWar. If the United States’ reached its zenith of relative power after theSoviet Union disintegrated in 1991, then the financial crisis decimated that.One may see the international system today as multipolar, but the United Statesand China probably lead it. Thus, PRC-U.S. relations are anextremely important variable. Undoubtedly, the Crimea situation is an important event, one that has raisedtensions in U.S.-Russia relations and between the West and Russia. However, I amhesitant to call it a New Cold War because of a third variable – China.Although China and Russia are linked in a strategic alliance, we must waitand see how deep that alliance is. For instance, there won’t be a mutually antagonisticrelationship between two competing states, as developed during the Cold War. Should the Korean Peninsula problem unfold in the context of PRC-U.S. relations as the two states’ attempt to expand their influence in East Asia,competition will probably persist. From the position of South Korea, ideally both sides would consolidate their opinions with regard to the unification issue, as well as stressing the ROK-U.S. alliance as the way to peaceful reunification with the agreement of the international community. Also,intensifying the Korea-China relationship means trust can be built with China […] – this is important. North Korea has affirmed its dualtrack policy of economic construction and development of nuclear weapons. Is thisrational? State actors always keep in mind the cost-benefitanalysis. They intend to maximize benefit over cost, and the North Koreanregime has calculated the profit and loss as well. It’s not necessarily helpfulto judge North Korea’s rationality, or lack of, according to our ownstandards. The problem is how South Korea responds when North Korea calculates itscosts and benefits. For example, when we look at their nuclear program, thecost of developing the weapons is quite high compared to their obvious benefits– the issue is how to get North Korea to accept this and change their policytrack. It is important for us to formulate strategies that can change North Koreanleaders’ minds and contrive a general framework to encourage change by rampingup the costs of nuclear development in a way that outweighs the benefits. Inthe same vein, there is the need to investigate ways to realize cooperationwith China on sanctions. Unfortunately, the environment for inducing change in North Korea’s policies has deteriorated with Ukraine’sloss of Crimea and the collapse of the Libyan regime, which once gave up itsnuclear weapons. It’s true that things are a lot more difficult now. But when making acost-benefit analysis, among the main factors that the North Korean regime hasto factor in is the changing domestic situation. For instance, the authorities have to considerwhether or not domestic elites are unified, the degree of power that top policymakershave, economic conditions, and changing awareness of the leadership by thepeople. Through things like the expansion of market mechanisms, the people’schanging awareness of leadership and the economic situation, increased opennessin various areas mixes in with all the complex variables and the international situation. There is no need to speak of abandoning concertedanti-nuclear diplomacy. The domestic and internationalsituation is always changing.It seems that the North Koreanregime has little desire to change of its own accord…It seems that North Korean regime, particular it’s supreme policymakers,has little intention of changing, yes. However,North Korea’s domestic situation is steadily changing in ways completely unrelatedto the highest decision makers in the state. After the mid-1990s, the fooddistribution system collapsed and market mechanisms began to expand independentlywithout the backing of the state leadership. There have been attempts, including the 2009 currency reform, to suppressthe spread of markets, but they were futile. Even now we can see that manychanges are occurring. If it is true that Park Nam Ki was executed aftercurrency reform failed, doesn’t this show that different patterns are emerging withinthe regime? If the North Korean leadership is now afraid of its people, itmeans that the power balance between leaders and people is gradually changing.  Obviously in terms of politics and economy, there are myriad factors toconsider in formulating a policy toward North Korea. In the West and theUnited States, there is no interest in the political undertones that indicatethese kinds of internal changes in North Korea. Instead, focus is placed onwhat can be called the symptoms of North Korea’s problems; their nuclearprogram and weapons of mass destruction. We need to see fundamental causes and their solutions; not just symptoms. Thus, denuclearization and diplomacy are important, but at the same time, theNorth Korean people should learn more of market principles through a socio-economicapproach and exchanges and cooperation, so we can see that it’s important to makethis as natural as possible for them. In the same context, extreme conflict overthe course of North Korea policy is not advisable and is really a wastedeffort. If there is sufficient convergence of opinion and sufficient outlay ona rational policy, then there will be no need for irrelevant disputes. Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR By Daily NK – 2014.04.22 9:57am Analysis & Opinion Pence Cartoon: “KOR-US Karaoke” Tracking the “unidentified yellow substance” being dried out near the Yongbyon Nuclear Center Analysis & Opinion Analysis & Opinion Is Nuclear Peace with North Korea Possible? AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] last_img read more

Traditional financial services firms can out-innovate fintechs

first_imghand drawing creative business strategy with light bulb as concept everythingpossible/123RF James Langton Outlook for global financial sector improves Facebook LinkedIn Twitter Specifically, firms must be willing to leave behind their existing legacy systems, business models and approaches to talent.Also readOutlook 2019: Headwinds approaching“For an industry whose product — the movement and storage of money — is electronic, the processes are still far too manually intensive,” says Ted Moynihan, managing partner and global head, financial services, at Oliver Wyman, in a statement. “Established firms will look to free themselves from the shackles of their legacy infrastructure and embark on future journeys unencumbered.”The report highlights such innovation examples as a new digital offering from RBS Group that was built in under a year, a digital lending product offered by National Australia Bank and a consumer banking effort by Goldman Sachs.The inspiration and motivation for existing firms to embark on these sorts of ventures is coming from upstart fintechs that are finding traction for their innovations among mass affluent clients, the firm says.To compete, traditional firms have to bring their new products and services to market much more quickly, says the report. “Digital challengers launch new products or services in two weeks, compared to three to six-month release timetables for traditional firms,” it says.“Using modern technology, an open platform and third-party services, new banking and insurance platforms can be built within a year, at a cost of between US$10 million and US$60 million. Financial services firms will hope to outcompete fintechs with greenfield platforms, while having the advantage of tremendous resources and an existing customer base from day one,” the report adds.It suggests that innovative efforts by traditional firms will, in turn, help modernize other parts of these firms.“The new will transform the old and create a better financial system overall,” adds Moynihan. Keywords Financial services industry,  Fintech Share this article and your comments with peers on social media Related news Traditional financial services firms can beat fintechs at their own game by embarking on innovation with a blank slate, according to a report published Tuesday at the World Economic Forum Annual Global Meeting in Davos by global consulting firm Oliver Wyman.“The next big wave of innovation in financial services will be driven by incumbents starting with a blank canvas,” says the firm in a news release. Look to the financial sector to boost productivity: CD Howe ECB sees elevated risks to financial stability in Europelast_img read more

Newly Appointed Canadian High Commissioner Pledges to Work for the Betterment of Jamaica

first_imgNewly Appointed Canadian High Commissioner Pledges to Work for the Betterment of Jamaica Foreign AffairsMarch 5, 2010 RelatedNewly Appointed Canadian High Commissioner Pledges to Work for the Betterment of Jamaica FacebookTwitterWhatsAppEmail Jamaica’s newly appointed High Commissioner to Canada, Mrs. Sheila Sealy Monteith, has pledged to work with all the Jamaican agencies in Canada for the betterment of Jamaica.The High Commissioner was speaking recently with members of staff of the Jamaican Consulate General, Jamaica Tourist Board (JTB), Jamaica Information Service (JIS) and Jampro, at the Consulate in Toronto.“Jamaica is our country and we have to work to make it better. I commit to you my support. I commit to you my willingness to work. I commit to you my willingness to learn. All of us have a responsibility for growing where we have been planted and what will help us in doing that is when we put our hands and heads together in a unified, coordinated effort,” the High Commissioner said.Mrs. Sealy Monteith, who assumed duties on Monday, February 15 at the Jamaica High Commissioner in Ottawa, is a seasoned foreign service officer, who has spent 23 years with the Ministry of Foreign Affairs and Foreign Trade (MFAFT). She previously served as Ambassador to Mexico, with responsibility for seven other countries.Noting that her new post will be a demanding one, the High Commissioner said she was struck by the large number of Jamaicans, who call Canada home.“I had on my official list in the embassy in Mexico, the names of less than 100 Jamaicans. So when I am reading my briefings and I hear 250,000 to 300,000 in Toronto and 10,000 to 12,000 in Ottawa and 7,000 in Montreal, I think oh my goodness, what a difference,” she remarked.High Commissioner Sealy Monteith paid tribute to former Jamaican High Commissioners and Consuls General who served in Canada.“We are simply part of the continuum. We are simply here to build on what was done before us and take it another step further,” she stated.The High Commissioner also lauded Jamaicans living overseas, noting that they do double duty, by not only building the country in which they are now resident, but also “working to build Jamaica. That’s an enormous responsibility.”The heads of the various agencies brought the High Commissioner up to date on their activities in Canada. RelatedNewly Appointed Canadian High Commissioner Pledges to Work for the Betterment of Jamaicacenter_img Advertisements RelatedNewly Appointed Canadian High Commissioner Pledges to Work for the Betterment of Jamaicalast_img read more

Canada honours Canada’s top social sciences and humanities researchers

first_imgCanada honours Canada’s top social sciences and humanities researchers From: Social Sciences and Humanities Research Council of CanadaToday, the Honourable Navdeep Bains, Minister of Innovation, Science and Industry, announced the Impact Award winners for 2020.December 7, 2020, Ottawa, OntarioEach year, the Social Sciences and Humanities Research Council (SSHRC) honours Canada’s top leaders, thinkers and researchers in the social sciences and humanities through its Impact Awards. The winners and finalists embody the very best ideas and research about people, human thought and behaviour-helping us understand and improve the world around us, today and into the future.Today, the Honourable Navdeep Bains, Minister of Innovation, Science and Industry, announced the Impact Award winners for 2020.The Gold Medal is SSHRC’s highest research honour and is awarded to an individual whose sustained leadership, dedication and originality of thought have inspired students and colleagues alike. Francine Saillant, of the Université Laval, is honoured with this award for her outstanding work in medical anthropology, human rights, and her commitment to social justice.The Talent Award recognizes the outstanding academic achievement of a current SSHRC doctoral or postdoctoral scholarship or fellowship holder. Robyn Maynard, of the University of Toronto, wins this award for her ground-breaking research on the systemic social, political, gendered and economic marginalization faced by Black migrants, and how they are disproportionately affected by global displacement.The Insight Award is given to an individual or team whose project has made significant contributions to the knowledge and understanding of people, societies and the world. Myriam Denov, of McGill University, receives this award for her research on children and families affected by war.The Connection Award recognizes an outstanding initiative facilitating the exchange of research knowledge within or beyond the social sciences and humanities community to generate intellectual, cultural, social or economic impacts. Jackie Dawson, of the University of Ottawa, wins this award for her phenomenal contributions in exploring the human dimensions of environmental change.The Partnership Award recognizes a formal partnership, through mutual co-operation, shared intellectual leadership and resources, which has demonstrated impacts and influences within or beyond the social sciences and humanities research community. The late John Loxley, of the University of Manitoba, receives this award posthumously for his collaborative work advancing community-based solutions to poverty in Indigenous and inner-city communities.Quotes“Canadian social sciences and humanities researchers play a vital role in helping us to understand the impacts of the significant challenges of our age-including systemic inequality, climate change, and, of course, the COVID-19 pandemic. Their research will help us to face these challenges head on and build a more just and prosperous society for all. Congratulations to this year’s recipients!”̶ The Honourable Navdeep Bains, Minister of Innovation, Science and Industry“This year’s SSHRC Impact Award recipients are celebrated for their innovation, passion and dedication to research excellence. Their diverse contributions to the research enterprise in social sciences and humanities are helping to ensure the continued well-being and prosperity of Canadians, as well as a more equitable and just society.”̶ Ted Hewitt, President, Social Sciences and Humanities Research CouncilQuick factsImpact Award winners receive a medal or a crystal paperweight in recognition of the award. The Gold Medal recipient will receive $100,000 for future research, while the winners of the remaining categories each receive $50,000 in research funding.For each award, eligible institutions nominate candidates, who are evaluated by a multidisciplinary jury made up of distinguished individuals from academia, as well as the private, not-for-profit and public sectors, from Canada and abroad. The jury selects award recipients according to the selection criteria associated with each of the five awards.The following individuals are the finalists for each award.Talent Award:Semra Sevi, Université de MontréalVanessa Sloan Morgan, University of Northern British ColumbiaInsight Award:Jean-Frédéric Morin, Université LavalChristine Bond, University of GuelphConnection Award:Jessica Coon, McGill UniversityKathleen Martin Ginis, The University of British ColumbiaPartnership Award:Gilles Comeau, University of OttawaKimberly Sawchuk, Concordia University /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:anthropology, Canada, climate change, Concordia University, environmental change, Government, Human Rights, Indigenous, inequality, innovation, McGill University, Ottawa, research council, social justice, university, University of British Columbia, University of Torontolast_img read more

European Union provides €500,000 to WFP for Covid-19 recovery in Rwanda

first_imgEuropean Union provides €500,000 to WFP for Covid-19 recovery in Rwanda WFPKIGALI – The United Nations World Food Programme (WFP) welcomes €500,000 from the European Union (EU) to provide technical support to Rwanda’s COVID-19 recovery efforts.With this contribution, WFP will support Government efforts to ensure that social protection is expanded to the most vulnerable and food insecure Rwandans and responds to the unique challenges presented by the pandemic.With this contribution, WFP will support Government efforts to ensure that social protection is expanded to the most vulnerable and food insecure Rwandans and responds to the unique challenges presented by the pandemic.The new funding will also support evidence generation on food security, markets, and supply chains to inform the Government and partners in their investments in COVID-19 recovery.“To ensure an effective COVID-19 recovery, it is vital for Rwanda to harness strategic technical expertise that will strengthen its social protection and food security systems to efficiently support national economic recovery,” said Ambassador Nicola Bellomo, Head of the EU Delegation in Rwanda.WFP has widely recognized expertise in food security analysis and a close partnership with the Government in social protection. WFP will work to assist the Local Administrative Entities Development Agency on national systems for social protection targeting, monitoring and evaluation and feedback to support the response to vulnerabilities associated with COVID-19.“The Government’s response to mobilizing the social protection system as a key platform for the COVID-19 response has been impressive to date,” said Edith Heines, WFP Rwanda Representative and Country Director.“With this generous support, WFP will help the Government make the national social protection system even more shock-responsive, building on the lessons learned from the pandemic.”This support is a contribution to the ongoing food security and vulnerability analysis as well as to food market and supply chain monitoring and their recovery from COVID-19.This contribution is 100 percent funded by the EU under the Sector Reform Contract to enhance the agriculture sector’s sustainable use of land and water resources, value creation and contribution to nutrition security through its budget support action in response to the COVID-19 crisis. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Agriculture, Ambassador, director, EU, Europe, european, European Union, Government, nutrition, resources, Rwanda, security, supply chain, sustainable, United Nations, WFPlast_img read more

Funding available for innovative improvements to recycled organics

first_imgFunding available for innovative improvements to recycled organics Sustainability VictoriaThe Victorian organics industry is experiencing rapid growth. Through kerbside reform and improved recovery of commercial and industry waste, there is an increasing supply of organic waste and a need to use this waste productively.There’s an opportunity to address this and improve the way we use recycled organics in products such as soil conditioners, soil blends and mulches. Innovations with these products could result in more jobs, added industry value to the economy and reducing more CO2 annually (Australian Organics Recycling Association, 2021).Funding now available to meet increasing market demandThe Research and Development Fund – Organics will support research organisations and industry to improve existing recycled organics product, process and system performance. The aim is to build a resilient organics market.$1.6 million is available for research and development projects that will grow the market and enhance the value and performance of existing recycled organic products. These projects must have strong commercial feasibility in the next 2 to 3 years.Successful recipients will be supported to research and test viability and real-world applications with industry. Industry has a unique opportunity to influence the development of enhanced organics products, finding evidence-based solutions and being some of the first to adopt their use.Applications close 30 June 2021. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Economy, Government, industry, jobs, market, meet, organic, recycling, reform, research, Sustainability Victoria, Victorialast_img read more