Moody’s slashes Ireland’s credit rating

first_img whatsapp whatsapp John Dunne Tags: NULL Show Comments ▼ Moody’s slashes Ireland’s credit rating Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Moody’s Investors Service slashed Ireland’s credit rating by five notches to Baa1 from Aa2 and warned further downgrades could follow if Ireland was unable to stabilise debt metrics in the foreseeable future.The downgrade followed Fitch’s move last week to become the first ratings agency to strip Ireland of its ‘A’ credit status, cutting it by three notches to BBB+ following the debt-stricken government’s request for an EU/IMF bailout.Moody’s said the crystallization of bank-related contingent liabilities, increased uncertainty regarding the country’s economic outlook and decline in the government’s financial strength were the key drivers of the action.It said the outlook on the Baa1 rating was negative.“Ireland’s sovereign creditworthiness has suffered from the repeated crystallization of bank related contingent liabilities on the government’s balance sheet,” Dietmar Hornung, vice president and senior credit officer at Moody’s said.“The increased uncertainty regarding the outlook for the Irish economy – an additional determinant of today’s rating action – is the result of the continued severe downturn in the financial services and real estate sectors as well as the ongoing contraction in private sector credit.”The move follows news that bad debts held by Spain’s banks have reached a 15-year high, according to new Bank of Spain figures. Unpaid loans made by Spanish banks, financial cooperatives and retail credit cards rose to €103.7bn (£88bn) – a ratio of 5.66 per cent of total lending, up from 5.49 per cent the previous month.Moodys warned earlier this week it had placed Spain’s newly-downgraded Aa1 rating under review. Today, it also issued downgrades to the issuer and debt ratings of the Basque Country as well as the issuer ratings of the Diputación Foral de Guipuzcoa and Bizkaia by one notch to Aa1. It said the outlooks for all of those were negative. Friday 17 December 2010 2:45 amlast_img

Veikkaus to reopen slots and gaming hall in Southern Savonia

first_imgThe novel coronavirus (Covid-19) situation in the region has returned from the acceleration phase to the basic level, the operator said, allowing for the reopening of land-based gaming. Subscribe to the iGaming newsletter Topics: Casino & games Slots In December, the operator began consultations over temporary layoffs with up to 800 employees in response to the enforced closure of its retail locations. It said the layoffs may be full- or part-time staff, but that they would last for a maximum of 90 days. Regions: Finland Casino & games Finnish monopoly operator Veikkaus has announced it will open slot machines in kiosks, shops and traffic stations in the region of Southern Savonia, and the Mikkeli Pelaamo gaming hall, from tomorrow (21 January) Veikkaus’ machines across most of Finland were closed in November amid rising numbers of Covid-19 cases. The €2,000 monthly limit was restored in January, but a daily loss limit of €500 will now remain in place until the end of March. Tags: Veikkauscenter_img 20th January 2021 | By Conor Mulheir The reopening of gaming machines at third party locations in Southern Savonia will see the region begin to use Veikkaus’ mandatory identity verification controls brought in on 12 January. Players will now need to log in to gamble on slots, and will have greater control to self-exclude from the terminals. The operator said it expected the new system to cut player losses by around €300m. Veikkaus to reopen slots and gaming hall in Southern Savonia Veikkaus took the decision to restrict monthly and weekly loss limits in April last year, with the monthly loss limit for “fast-paced online games” reduced from €2,000 to €500. AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Meanwhile, gaming machines and venues in all the regions which are considered to be in the acceleration or spreading phase, which currently make up the majority of the country, will remain closed. Email Addresslast_img

Car & General Limited (CG.ke) 2013 Annual Report

first_imgCar & General Limited (CGEN.ke) listed on the Nairobi Securities Exchange under the Engineering sector has released it’s 2013 annual report.For more information about Car & General Limited (CGEN.ke) reports, abridged reports, interim earnings results and earnings presentations, visit the Car & General Limited (CGEN.ke) company page on AfricanFinancials.Document: Car & General Limited (CGEN.ke)  2013 annual report.Company ProfileCar & General Limited supplies power generation, automotive, engineering and agricultural equipment in Kenya. The company also imports and markets brands which are global leaders in various markets; including two- and three-wheeler vehicles, tractors, outboard engines, air compressors, laundry equipment and water pumps. Car & General Limited has subsidiary companies in Uganda and Tanzania, and branches in Arusha and Rwanda where it is the master distributor for Cummins (diesel generators, engines and parts). In Tanzania, Car & General manage Kibo Poultry Products Limited which is one of the oldest chicken broiler farms in Africa. It is the master distributor for Cummins diesel generators, engines and parts in Kenya, Uganda, Tanzania, Rwanda, Ethiopia, Eritrea, Djibouti, Seychelles, South Sudan and Somalia. The company was established in 1936 in Nakuru, Kenya; its head office and main operations were relocated to Nairobi following the rapid expansion of the business. Car & General Limited is listed on the Nairobi Securities Exchangelast_img

London Paralympics involve churches

first_img Director of Administration & Finance Atlanta, GA Submit a Press Release Rector Bath, NC [Ecumenical News International] Churches in Britain are organizing celebrations and activities in the runup to the London Paralympic Games, which take place after the Olympics, but critics are also wondering whether churches will be inspired to improve their own facilities for the disabled.The Paralympics — sports competitions for athletes with a range of disabilities — will take place from August 29 to September 9, two weeks following the Olympics.“There is a sharp contrast between the facilities provided for this … event and those available in most churches … We are told that between 10 and 18 per cent of people are disabled – but we don’t see that number in our congregations,” said Tim Wood, CEO of Through the Roof, an ecumenical charity which campaigns for the inclusion of disabled people in faith communities.In spite of years of campaigning and changes to legislation that in theory require public buildings to have accommodations such as wheelchair ramps and designated parking spaces, more than half the churches in the U.K. still lack such features.“St. Paul spoke about people running in a race to win medals that don’t last. Our churches offer something so much more. I hope the legacy of the Paralympics is that we welcome many more disabled people into our faith communities,” Wood said.More Than Gold, the agency advising all faiths on how to make the most of the Games, has published a checklist for parishes highlighting what’s needed and offering lists of a list of useful contacts and resources from agencies specializing in working with people who are, disabled.A DVD designed for a one-hour church service has been produced by BMS World Mission. The video celebrates the faith and excellence of paralympians while addressing issues of global injustice and promoting inclusion of disabled people.People with disabilities have been running alongside able-bodied runners in the Olympic Torch Run across the U.K.Guildford Anglican Cathedral in Surrey is holding an exhibition of work by artists from the Aylesbury Disability Arts Forum during the Paralympics.St. Joseph’s Pastoral Centre, which serves families with learning difficulties in North London, has already held its own own “mini-Olympics” and is rehearsing a drama, mime and movement performance called “The Olympic Flame” which they will perform during the Games.A spokeswoman for St. Joseph’s noted that society also needs to improve access. “The disabled facilities at the Olympics are really excellent — but people in wheelchairs still have to get there. They don’t all have cars. Out of the 252 [London Underground] stations, only 62 are step-free.”“The Olympic movement has fully embraced those with disabilities. It’s time for churches to get serious about doing the same. It is time for churches to make disabled people more welcome and more able to contribute their God-given gifts,” said More Than Gold CEO Willson.At least the Roman Catholic Westminster Cathedral has improved a very important facility — its bathrooms. Until last April, the only public facility in the century-old building was accessible via a narrow spiral staircase. A new block of washrooms is now fully accessible and built with special handmade bricks and tiles to match the cathedral. Episcopal Church releases new prayer book translations into Spanish and French, solicits feedback Episcopal Church Office of Public Affairs Assistant/Associate Priest Scottsdale, AZ Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Priest-in-Charge Lebanon, OH Virtual Episcopal Latino Ministry Competency Course Online Course Aug. 9-13 Comments are closed. This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Rector Washington, DC An Evening with Aliya Cycon Playing the Oud Lancaster, PA (and streaming online) July 3 @ 7 p.m. ET Rector Martinsville, VA Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Curate read more

David Carrington to resign as CEO of PPP Healthcare Medical Trust

first_imgDavid Carrington was formerly Director of the Baring Foundation between 1992 and 1998.Visit PPP Healthcare Medical Trust. David Carrington to resign as CEO of PPP Healthcare Medical Trust About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. David Carrington, Chief Executive of the PPP Healthcare Medical Trust since 1998, has decided to leave the Trust at the end of the year David Carrington, Chief Executive of the PPP Healthcare Medical Trust since 1998, has decided to leave the Trust at the end of the year.The Chairman of the Trust, Mark Sheldon, said “Since he joined the Trust in July 1998, David has played a key role in establishing the Trust from scratch, laying down firm foundations for our operations and developing and launching a wide ranging and well regarded set of high quality grant programmes.” Advertisement Howard Lake | 1 May 2001 | News  12 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThislast_img

Charity Commission receives first summary information return online

first_img AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Charity Commission receives first summary information return online Malcolm Harris, Company Secretary at Individual Care Services, said: “The SIR has concentrated our minds on our achievements and it’s another major step down the road of telling the public what we do.“The process for submitting online was incredibly quick and, for the most part, easy and instant. We are a largish charity but we only have small office back-up and online submission makes life a lot easier for us. If you decide to send off your annual return today, you can. That’s the beauty of it.”Charity Commission Chief Executive Andrew Hind said: “We are delighted to have received the first summary information return online. We are committed to making life as easy as possible for charities filing their returns with us. We are modernising our systems so that electronic communications with the Charity Commission will become the norm for all charities that want it.The summary information return forms part of our response to the 2002 Strategy Unit recommendations, which called for improvements in the quality of information available to the general public about charities.” Howard Lake | 12 October 2005 | News Tagged with: Financecenter_img The Charity Commission yesterday received its first summary information return (SIR) online, and claimed it heralded a new era in public information on charities. The SIR is designed to help the public to better understand the work of charities with an annual income of over £1 million.Annual returns, which include the SIR, can now be completed by charities online. They can then be accessed by the public by visiting the Commission’s register of charities online.The first charity to submit its SIR online was Individual Care Services, an organisation providing support to people with learning difficulties and other disabilities. Advertisement  23 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.last_img

13% of charities showed almost no digital activity in 2019

first_img13% of charities showed almost no digital activity in 2019 Tagged with: Digital Research / statistics Lloyds Bank’s latest Charity Digital Index has revealed that 13% of charities (26,000) have shown almost no digital activity this year: a 10,000 increase on 2018. 12% of charities also say they do not attribute any benefits to being online.However, compared to 2018 there are also 24,000 additional charities who are almost digital by default, and overall charities are reporting more benefits to being online.These include:Simplified process of taking donations (54%)Increased interaction and feedback with donors or supporters (51%)Attracting more donors or supporters (51%)Increased sales or donations (35%)One-third of all charities with high digital capability saw an increase in turnover in the last two years compared to only one in five (19%) with low digital capability.While more charities are taking donations online however, 40% of charities still lack the digital skills required to set up the ability to do so.The report also shows mobile app and browser use has remained low, with 19% of charities using mobile banking 
but only 11% logging in three or more times a year, and only 37% set up to take digital payments.The biggest barriers to doing more online include 45% of organisations having leaders that don’t think digital is relevant, staff lacking digital skills in 42% of organisations, and 39% not seeing it as being worth the investment. 37% of charities also do not understand which technologies they should invest in to drive their organisation forward.This is the sixth annual edition of Lloyds Bank’s Charity Digital Index, which uses the behavioural and transactional data of charities to build a view of digital capability in the UK. This year it also includes the first measure of UK Essential Digital Skills, which has evolved from its predecessor the Basic Digital Skills framework to fully reflect the range of skills organisations need to safely benefit from the digital world both today and in the future.It shows that in total, 111,000 charities (56%) have full Essential Digital Skills needed to operate in 2019, with the digital tasks charities are most likely to be able to do being: digitally communicating with customers and suppliers (91%), keeping software up to date (81%) and responding to customer queries (80%).Charities with the full Essential Digital Skills are also 1.5 times more likely than those without to have had an increase in revenue, resulting in more resources for people and potential benefit for end users.Ed Siegel, Chief Executive, Charity Bank comments on Lloyds Bank’s UK Business and Charity Digital Index: Advertisement AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis7 “In an increasingly digital world, it’s great to see that more and more charities recognise the importance of technology and are harnessing the benefits it provides. However, while uptake is on the increase, there are still 26,000 (13%) charities that have shown almost no digital activity in 2019 and risk falling behind the curve as a result. “Investing in technology drives efficiencies throughout any business, can open up new streams of income generation and protect organisations from the risk of cyber attacks; according to official data one in five charities have experienced a cyber breach in the last year. However, it’s also really important to invest in the workforce’s digital skills to ensure it is being used as effectively as possible, to maximise the benefits in the years to come.  “While investing in technology may feel like a series of large upfront costs, charities should feel reassured that there is help at hand and lenders like Charity Bank are supporting organisations looking to improve their processes and systems so they can deliver a bigger impact to the communities and areas in which they operate.”The full report including calls to action created in partnership with Zoe Amar, Director at Zoe Amar Digital and Chair of The Charity Digital Code of Practice, can be downloaded from the Lloyds Bank site. About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com. Melanie May | 28 November 2019 | News  396 total views,  6 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis7  395 total views,  5 views todaylast_img

ISDA Director Will Be Named Soon

first_imgHome Indiana Agriculture News ISDA Director Will Be Named Soon SHARE Previous articleACE’s Responds to AAA’s Criticism on E15 Fuels,Next articleEllspermann Outlines Vision for Indiana Agriculture Gary Truitt ISDA Director Will Be Named Soon In addition to director, there are several other key positions at ISDA that need to be filled. Ellspermann acknowledged this situation and indicated they were working hard to also fill those key slots, “We want to give the new director some say on who are some of their direct reports.” By Gary Truitt – Jan 8, 2013 center_img Facebook Twitter Facebook Twitter SHARE Sue EllspermannCurrent ISDA Director Joe Kelsay will end his official duties on Friday; and, while the new administration will take over on Monday, no new director for the department of agriculture has been named. Incoming Lt. Governor Sue Ellspermann told HAT they have been engaged in a vigorous search, but are not ready to name a new director yet, “We have cast a wide net to find the best individual for this position. Know that we have been working diligently and are very close to making an announcement.” While she declined to give a date when the announcement would be made, she indicated it would be soon.last_img

Women’s Basketball drops third in a row with loss to Kansas

first_imgFacebook Sam Fristachihttps://www.tcu360.com/author/sam-fristachi/ Linkedin TCU rowing program strengthens after facing COVID-19 setbacks ReddIt Women’s basketball falls in Big 12 Championship quarterfinals to Baylor Sam Fristachi Previous articleHoroscope: February 7, 2021Next articleWhat we’re reading: Tampa Bay Buccaneers win Super Bowl, Pope Francis speaks on effects from the pandemic Sam Fristachi RELATED ARTICLESMORE FROM AUTHOR Samantha Fristachi is a senior from Massapequa, New York. She is a journalism and sports broadcasting major and a business minor. She hopes to be a sports broadcaster on ESPN one day. Facebook Women’s Basketball falls to Kansas State in overtime loss Sam Fristachihttps://www.tcu360.com/author/sam-fristachi/ Sam Fristachihttps://www.tcu360.com/author/sam-fristachi/ + posts ReddIt Women’s Basketball on three-game skid after loss to Oklahoma Sam Fristachihttps://www.tcu360.com/author/sam-fristachi/ Another series win lands TCU Baseball in the top 5, earns Sikes conference award Twitter Linkedin Lauren Heard had 19 points in the loss to Kansas. Photo Courtesy of GoFrogs.com Women’s Basketball falls in regular-season finale against Texas printTCU could not stop Kansas’ furious second half comeback, as the Horned Frogs fell to the Jayhawks 82-72 on the road Sunday afternoon.Senior guard Lauren Heard led TCU with 19 points and was one of the three Horned Frogs that finished with double-digit points. Aahliyah Jackson and Patricia Morris both had 10 points each in the loss. Michelle Berry led the team with 10 rebounds, which marks the fourth game this season she has had double-digit rebounds. After failing to score until almost five minutes had passed in the first quarter, TCU stepped up to the plate big time before halftime, taking a 33-25 lead into the break The Horned Frogs could not keep control of the lead, though, as the Jayhawks would go on to explode offensively. Kansas outscored TCU 27-22 in the third quarter and 30-17 in the fourth quarter. Though TCU tied a season-high 22-points scored in the second quarter, they also gave up a season-high 30 points in the fourth quarter.With the loss, TCU moves to 7-9 on the season. The Frogs snapped a six-game winning streak against the Jayhawks. Up next for the Horned Frogs are the Kansas State Wildcats. Tip-off is set for 6:30 p.m. at the Schollmaier Arena on Wednesday, Feb.10.  Twitter TCU baseball finds their biggest fan just by saying hellolast_img

New Bill Addresses Reverse Mortgage Foreclosures

first_img in Daily Dose, Featured, Foreclosure, Headlines, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Home / Daily Dose / New Bill Addresses Reverse Mortgage Foreclosures Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Subscribe Related Articles New Bill Addresses Reverse Mortgage Foreclosures Previous: Could Fannie and Freddie Be Eliminated Without Legislation? Next: Hispanic Homeownership Increased in 2017 Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days agocenter_img Tagged with: borrower FHA-Reverse Mortgages Foreclosure homeowner Massachusetts Mortgage Volumes Philadelphia Reverse Mortgage The Best Markets For Residential Property Investors 2 days ago borrower FHA-Reverse Mortgages Foreclosure homeowner Massachusetts Mortgage Volumes Philadelphia Reverse Mortgage 2018-02-27 Radhika Ojha February 27, 2018 3,763 Views Demand Propels Home Prices Upward 2 days ago  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Sign up for DS News Daily The Philadelphia City Council recently introduced a bill to help prevent reverse mortgage foreclosures when a homeowner is in a payment agreement for real estate taxes on their homes. As a requirement for a reverse mortgage, borrowers must remain current on their real estate taxes. The amendment to the Philadelphia code now provides further clarification to lenders on a homeowner’s payment status. The legislation, which was introduced by Councilwoman Cherelle Parker of the 9th District, states that a homeowner who is in a payment agreement for real estate taxes on their home shall be deemed not delinquent on his or her real estate taxes. “I know all too well the scourge that reverse mortgages have been on certain neighborhoods in the city. Unfortunately, it has been quite common for reverse mortgage lenders to swoop in and pay off any remaining real estate tax balance of homeowners even if they are in a payment plan and not delinquent, and then use this as an impetus to foreclose on these homeowners,” Parker said in a statement.This amendment comes at a time when reverse mortgage volumes have been on the rise across the country. Federal Housing Administration-approved reverse mortgage lenders logged in 6,313 endorsements in January 2018 according to recent data from Reverse Market Insight (RMI), Inc. For comparison’s sake, RMI reported 4,765 reverse mortgage endorsements in December 2017; 4,837 in June 2017; and 4,426 in February 2017.A recent opinion in the Massachusetts Supreme Judicial Court also clarified a sticking point regarding a mortgagee’s right to foreclose, in spite of some unclear wording in the original mortgage paperwork. The case was brought against James B. Nutter Company by three reverse mortgage borrowers, all of whom had secured home equity conversion mortgages (reverse mortgages) in 2007 and 2008. Julie Moran, Esq., Senior Executive Counsel for the law firm Orlans PC, a Legal League 100 member, handled the case for the plaintiff. Moran told DS News, “The Supreme Judicial Court reminded the parties that contractual language is deemed ambiguous and therefore construed against the drafter if it is susceptible of multiple meanings and the circumstances surrounding it don’t indicate its intended meaning. However, here the Court concluded that under Massachusetts foreclosure law there is no power of sale except the statutory power and no reasonable borrower would have expected a lender to enter into a reverse mortgage without retaining this right. We are very pleased with this outcome, which we believe will have applicability to other types of mortgages containing similar language.”last_img