EIB Provides LongTerm Loan to ICG for Two New Ferries

first_imgzoomImage Courtesy: Irish Continental Group The European Investment Bank (EIB) is providing EUR 155 million (around USD 176 million) to finance two new passenger and vehicle ships for the Irish Continental Group’s (ICG) subsidiary Irish Ferries.The two ferries, expected to increase passenger and cargo capacity on routes to Ireland, will replace older and smaller vessels and reduce emissions from the Irish Ferries fleet.The newbuilds are planned to be used on both the Dublin-Holyhead and Dublin-Cherbourg routes.The announcement was made as the W.B. Yeats cruise ferry made its maiden commercial voyage from Dublin to Holyhead on January 22. The largest ever EIB support for Irish shipping was announced during a visit by Andrew McDowell, EIB Vice President and Eamonn Rothwell, CEO of ICG.The latest addition to the Irish Ferries fleet, the new W.B.Yeats, was partly financed using EUR 75 million from the EIB. Delivered to its owner in December 2018, the W.B. Yeats can transport 1,800 passengers, 300 cars and 165 trucks.The second ship, expected to be completed in 2020 and unnamed as yet, will likely transport 1,800 passengers and crew and 1,526 cars or 300 trucks. EIB is providing EUR 80 million for this vessel which will be the largest cruise ferry in the world in terms of vehicle capacity and provide Irish Ferries with an effective 50% increase in peak freight capacity.“The EUR 155 million financing facilities agreed with the EIB, alongside financing from leading Irish and international banks, for the two new cruise ferry ships demonstrates the EIB’s commitment to support transformational corporate investment such as this in Ireland, enabling ICG to deliver on its growth strategy and strengthening the tourism and cargo trading links in and out of the country,” Rothwell said.The long-term loan to ICG represents the first support approved by the EIB under a new Green Shipping financing initiative that supports investment in new and existing ships to reduce emissions and improve fuel efficiency.The W.B.Yeats ship incorporates emissions scrubber technology to reduce sulphur oxide pollution and ballast water systems which meet current and known future environmental regulations and is expected to deliver optimal fuel consumption and efficiencies.“Shipping connections are crucial for Ireland and the European Investment Bank is pleased together with ICG to support two new ships that will both transform maritime transport to and from this country and cut harmful emissions. The EUR 155 million long-term EIB loans will support EUR 309 million of new investment in best in class vessels that will serve Irish routes for years to come,” McDowell commented.“The new W.B. Yeats … together with the second vessel will transform freight capacity and passenger travel from Ireland to the UK and continental Europe. The first approval of financing under the EIB’s Green Shipping initiative reflects firm commitment of ICG to cut emissions and improve fuel efficiency. Increasing maritime transport capacity reflects increased demand arising from Ireland’s export driven recovery and the potential need for flexibility in the event of disruption on UK routes,” he added.last_img read more

Malala Yousafzai Helps UN Celebrate In San Francisco

first_imgBringing the idea of the United Nations to life required huge leaps of statecraft to bridge differences, declared Secretary-General Ban Ki-moon on Friday in San Francisco, commemorating the 70th anniversary of the adoption of the UN Charter, which he said “symbolizes the hope and aspirations that we can bring the world as it is a little closer to the world as it should be.”Ban Ki-moon addresses a ceremony commemorating the 70th anniversary of the adoption of the UN Charter in San FranciscoCredit/Copyright: UN Photo/Mark Garten“In signing this document, the founders achieved what many thought impossible. It falls to us to heed the Charter’s call to ‘unite our strength’ and to use their creation – the United Nations – for the common good,” he said, adding that the drafting of the Charter was a “glorious gamble.”Several high-level officials attended the ceremony, including; Nancy Pelosi, Congresswoman and Democratic Leader of the United States House of Representatives; Jerry Brown, Governor of California; Edwin Lee, Mayor of San Francisco; and Malala Yousafzai, Nobel Peace Prize laureate, whom the UN chief called the “torchbearer” of her generation.“So much faith was lost in the trenches and gas chambers of two world wars in the space of one generation. But they dared to believe in something bigger than person or country. Through intense negotiations, the delegates realized their dream.”He said that for two months, they turned San Francisco’s War Memorial into a ‘Peace Palace.’ More than three thousand women and men took part. One of them was Ellen Magnin Newman, a high school senior at the time. She was a Spanish interpreter – and helped everyone speak the universal language of peace, he said welcoming Ms. Newman to the ceremony.With the adoption of the Charter, a world in rubble found a path to renewal, the Secretary-General went on to say, recalling that while he had been born just months before the UN, it did not take long for the Organization to change his world for good.“When the Korean War ravaged my country, I lost my home, my school, all I knew. Help came bearing the United Nations flag: sacks of grain from UNICEF, textbooks from UNESCO, and many young soldiers from 21 nations, including the United States. The United Nations showed us we were not alone,” said Mr. Ban.“Today, when I travel to refugee camps and conflict areas around the world, I tell young people: you are not alone. I made it. You can, too. The United Nations will stand with you,” said the UN chief, underscoring that every day, the UN feeds the hungry, shelters refugees and vaccinates children against deadly disease.“Every day, we defend human rights for all, regardless of race, religion, nationality, gender or sexual orientation,” and in that regard, he welcomed the decision of the Supreme Court of the United States that paves the way for gay and lesbian Americans to have their relationship legally recognised, no matter which part of the United States they are living in.Continuing, he said the United Nations had led the charge in dismantling colonialism, bringing freedom to millions. It had mobilized the world to defeat apartheid. Its peacekeepers are on the frontlines of war; our mediators bring warriors to the table of peace.“Yet tragedy has also been with us every step of the way. Genocide, war and a thousand daily indignities and abuse plague far too many people, especially women’” he said, explaining that conflict has forced more people to flee their homes today than at any time since the Second World War.“Forces of division are on the march, peddling the false promise of isolation in ever more interdependent world. And the planet itself is at risk,” he said, declaring: “We have big work ahead.”To that end, he noted that in September, world leaders will adopt an inspiring new development agenda to end global poverty. In December, the international community has committed to reach a bold climate change agreement to place the world on more sustainable footing.“These are once-in-a-generation opportunities. This is our San Francisco moment,” he said, stressing that in signing the Charter, the founders achieved what many thought impossible. The United Nations is the hope and home of all humankind. The Charter is our compass. Let us never relent on the journey to a better world for ‘we the peoples,’” concluded the Secretary-General.At an event in New York to mark the anniversary, Deputy Secretary-general Jan Eliasson said the UN Charter is essentially an expression of hope. It was written at the end of one of the darkest chapters in human history. “It symbolises the hope and aspirations that we can bring the world as it is a little closer to the world as it should be. This we can do through cooperation, dialogue, peaceful settlement of disputes and respect of human rights.”“Yes, the UN Charter is truly a gift. It reminds us – as the present stewards of the United Nations – of our responsibilities to live up to the Purposes and Principles of the Charter. It connects us to our strongest roots and our best aspirations as we reach out to an uncertain, yet hopeful, future – if we travel the right road, Mr. Eliasson said.Also addressing the ceremony, Einar Gunnarsson, Vice-President of the General Assembly, speaking on behalf of Assembly President Sam Kutesa, said that over the course of 70 eventful years, the UN has addressed severe global problems that afflict and challenge humanity’s stability and progress.The contributions of the UN to the contemporary issues of our time are undeniable. From supporting the major decolonization efforts across Africa and Asia to providing a critical platform for discourse throughout the Cold War; the United Nations has, and continues to be, at the forefront of efforts to ensure a secure, prosperous and equitable world.“As we mark this historic anniversary, we have every reason to celebrate all that we have accomplished as a community of nations over the last seven decades. We also need to reflect on how to adapt and align the United Nations to remain effective and relevant in a dynamic and globalized new world,” he said.Source:United Nationslast_img read more

Paradise Papers Critics assail fact Trudeau satisfied with Bronfmans answer

first_imgHANOI, Vietnam – Prime Minister Justin Trudeau said Wednesday he’s satisfied with the public explanation provided by a top Liberal fundraiser whose name surfaced in leaked documents that provide details on legal, offshore tax havens used by the wealthy.Trudeau’s Conservative and NDP rivals, however, are decidedly less so.Trudeau, who is in Vietnam for this week’s APEC meeting, said he’s accepted Stephen Bronfman’s response to the so-called “Paradise Papers” that he has never funded nor used offshore trusts, and that all his Canadian trusts have paid all federal taxes on their income.However, when asked why his close friend appeared to still be in his role as a key Liberal fundraiser, the prime minister did not directly answer, nor would he speak Bronfman’s name.“In regards to the specific case you mentioned, we have received assurances that all rules were followed, indeed the same assurances made in the public statement released by the family, and we are satisfied with those assurances,” Trudeau told a news conference inside Vietnam’s presidential palace.“We have done much in regards to tax avoidance and tax evasion, including working with international partners.“But we also recognize there is much more to do and you can rest assured that Canada Revenue Agency will take very seriously its responsibility to go after everyone and anyone involved in tax avoidance and tax evasion.”Tax avoidance measures involving offshore trusts are legal, provided that the trust is genuinely managed offshore and that Canadian taxes are paid on any Canadian contributions. And there may be other legitimate reasons for setting up an offshore account, including if you’re a contractor doing work in a particular country.Still, the questions around Bronfman have given the Liberal government’s political foes fresh ammunition to accuse Trudeau of leading an ethically challenged government — and they renewed their attacks Wednesday.Conservative Leader Andrew Scheer called it “unbelievable” that Trudeau would give Bronfman a clean bill of health so soon after the Canada Revenue Agency had promised to delve more deeply into the murky world of offshore tax havens.“What kind of message does that send to the Canada Revenue Agency and the people that will be reviewing the file? What kind of message does that send to Canadians?” Scheer asked.“I think what drives Canadians crazy is when they think there’s one set of rules for everyone and a different set of rules for close friends of Liberal ministers or the prime minister.”NDP Leader Jagmeet Singh also called for more investigation, saying it’s critical to understand what happened with the Paradise Papers and why Canada’s laws allow the super-rich to avoid paying taxes.“The prime minister says that he is satisfied with the explanation provided by Mr. Bronfman,” Singh said. “The reality is Canadians are not satisfied. Canadians expect a just and fair taxation system … that ensures the wealthy, the well-connected, the powerful also contribute their fair share.”Scheer said the government needs to allow the CRA to determine whether the problem is structural or enforcement-based and give those accused of playing fast and loose with the rules a chance to defend their actions.“For the prime minister, before any of that work is done, to go out and say ‘We are satisfied’ — I think that’s terribly inappropriate.”Opposition MPs pursued the matter later during question period, demanding to know whether Bronfman will now be excluded from the CRA’s promise to review evidence from the Paradise Papers and take any necessary action against tax evaders.Revenue Minister Diane Lebouthillier said it would be inappropriate for her to comment on an individual case but repeatedly asserted that “no one is above the law.”In his statement, Bronfman said he made a single loan to the trust on an arm’s-length, fully commercial basis some 25 years ago that was repaid five months later, a transaction that was fully in compliance with Canadian law.— Follow @AndyBlatchford on Twitterlast_img read more

US home prices rise more slowly amid weaker sales

first_imgWASHINGTON — U.S. home prices increased more slowly in September from a year ago as higher mortgage rates weighed on sales.The S&P CoreLogic Case-Shiller 20-city home price index rose 5.1 per cent from a year earlier. That’s down from a 5.5 per cent yearly gain in the previous month. It was the sixth straight month that home price increases have slowed.The weaker price gains reflect a broader slowdown in the nation’s housing market. Sales of existing homes rose modestly in October, snapping a six-month streak of declines. But sales are still 5.1 per cent lower than they were a year ago. New home sales have fallen for four straight months. Mortgage rates have jumped in the past year, reaching 4.8 per cent last week, up from 3.9 per cent a year ago.Christopher Rugaber, The Associated Presslast_img read more

City is seeking more partners for the upcoming High on Ice Festival

first_imgFORT ST. JOHN, B.C. – The City is in the process of planning their biggest event, the High on Ice Winter Festival and is seeking more partners to keep growing this annual event.The Festival is one of the main ways that the City encourages the public to get out and embrace winter. Although the festival is centred around ice carving, there is also a variety of winter-themed activities that are available to the public at little or no cost.It is the City’s goal to continue diversifying the event by offering new activities and generate excitement and awareness for the festival as well as engaging local businesses to help generate excitement and participation. To view, the Partnership Brochure CLICK HERE Some of the ways a business can get involved in the festival are; Volunteer to run an event during the festival weekend (either at Centennial Park or at your establishment)Donate in-kind materialsDonate funds to a volunteer group running a community event (ie. Cross Country Skiing, Face painting, Hot Chocolate, etc.) – we can connect you to our volunteers!Decorate your storefront with a winter themeCelebrate the event at your business by having a contest, prize giveaways or special  promotionHand out “High on Ice Winter Festival” promotional material (brochures programs, posters, coasters, coffee sleeves, etc.)Share our website link (fortstjohn.ca/ice) or Facebook posts and events.The City wants to celebrate and promote what you are doing at your establishment. By contacting the City they have the resources such as prize materials/giveaways, promotional material, as well as using their platforms to share your business for partnering up with them.For questions or collaboration ideas contact; Marissa Jordan, Recreation Programmer 250.794.3262 last_img read more

Evan Turners No 21 to be raised to the rafters at Feb

Former OSU guard Evan Turner (21) is set to have his number retired on Feb. 16.Credit: Courtesy of TNSA fifth number will soon be hanging from the rafters of the Schottenstein Center to signify Ohio State men’s basketball immortality: Evan Turner’s No. 21.The former three-year OSU guard made Columbus his home from 2007-2010, winning the Naismith Award for the top player in the country for his final 2009-10 season. In that year, he averaged 20.4 points per game on 51.9 percent shooting and added 6.0 assists and 9.2 rebounds per contest.Turner left for the NBA after his junior season, where he went second overall to the Philadelphia 76ers. After parts of four seasons there and a brief stop in Indiana, the Chicago native now comes off the bench for the Boston Celtics, averaging about 27 minutes per game.The 6-foot-7 Turner was the fourth individual OSU player to win the national player of the year award. He finished his collegiate career 18th in OSU scoring with 1,517 points and ninth in assists with 414.The No. 21 is scheduled to be lifted on Feb. 16 in a halftime ceremony during a game against Michigan, the same opponent Turner hit a famous buzzer-beating 3-pointer against in the 2010 Big Ten tournament quarterfinals.Turner’s number will join John Havlicek’s No. 5, Jerry Lucas’s No. 11, Jim Jackson’s No. 22 and Gary Bradds’ No. 35 in the Schottenstein Center rafters. All but Havlicek won a national player of the year award.The game against Michigan is scheduled to begin at 7 p.m. on Feb. 16. read more

A day in the life of Ohio State guard William Buford

You might know that William Buford is the starting guard for the No. 1-ranked Ohio State basketball team, but you might not know that he is a quiet student, a below average ping-pong player, loves the kids’ meal at Raising Canes and his car could use a trip to the shop. Buford arrived at Central Classroom Building at 10:32 a.m. Monday. He walked briskly up the stairs on the right to get to his 10:30 a.m. class, Swahili 102. Even though he arrived a few minutes after the bell, students were still settling in and Buford found his seat in the middle of the room without causing a disruption. He is not the only recognizable athlete in the class, as football players Jaamal Berry, Mike Adams and Michael Brewster were also in attendance. Buford talked with Berry while the professor distributed a graded quiz. “Most of the athletes, we stay together and try to be close,” Buford said. As the last quiz was handed out and class lecture began, the talking stopped. Buford took notes and did not talk again until the opportunity to work in groups arose. “I’m pretty shy in class. I really don’t say too much,” Buford said. “I try to stay out of the way and get my work done.” As class came to a close, Buford checked with a classmate to make sure he was clear on the assignment for the next class. “Seventy-two sentences?” he said, shocked at the amount of work. With only one class on Mondays and Wednesdays, Buford had finished his academic load for the day. His obligations, however, were far from over. He made the short walk from Central Classrooms to the Tuttle Parking Garage and climbed into his silver 2004 Pontiac Grand Prix, which has been on campus since his sophomore year. The “check engine” light was on as he left the parking garage. Buford drove to Parks Hall and picked up his teammate, senior guard David Lighty. Buford moved to the passenger seat, which was already as far back as the car would allow, and let Lighty drive while he made a call about getting the car serviced. The two starters pulled into the Schottenstein Center parking lot and made their way to the player’s entrance. Buford slowed down and waited for Rob, his barber, who cuts his and Lighty’s hair in the locker room. Rob has been coming to the arena to cut Buford’s hair since the player’s freshman year. With a prime-time game against Purdue to be aired on ESPN the following evening, the timing couldn’t have been better. “I just really needed a haircut since last week, but it worked out that way,” Buford said, smiling. A chair was set up in the bathroom portion of the locker room and Rob opened his bag and went to work. Buford played music on his phone, the EVO, while barber and client rapped along. Buford wandered to the upper bowl of the arena after the 35-minute haircut, in search of an ATM so he could pay Rob. After compensating the barber, he dropped some things off in his locker, which stands between Lighty’s and freshman guard Lenzelle Smith Jr.’s. Buford then retreated to the team’s ping-pong table to pass the time. “Everybody plays,” he said. “We compete a lot at ping-pong.” After 30 more minutes, Lighty’s hair was cut and the two tried to decide where to get food. They agreed on Raising Cane’s and Buford left to pick up the order while Lighty studied. Buford walked into the location on Ackerman Road and ordered a kids’ meal for himself and one for Lighty. “We always get the kids’ meal,” Buford said. “We got practice so we aren’t trying to get too full.” Numerous patrons and employees stared at the basketball player as he placed his order and waited for it to be filled. “I don’t pay attention,” he said of the added attention. “I try not to make eye contact with people.” After returning to the locker room, Buford ate his lunch while watching SportsCenter. At 1:40 p.m., he left the locker room and headed to the training room for treatment on an ankle injury he suffered against Illinois on Jan. 22. With Tuesday’s game looming, Buford needed the ankle treatment in order to play. Under the guidance of team athletic trainer Vince O’Brien, Buford iced his ankle for three different increments of five minutes with stretching exercises in between. After an hour in the training room, Buford returned to the locker room for more ping-pong before the team film session. Strength and conditioning coach Dave Richardson challenged Buford to a game. “I’m about to Forrest Gump his ass,” Buford said. Richardson swapped out the traditional paddle for a small block of wood with an Ohio State emblem on it. “If I beat you with this, you’re not allowed to play anymore,” Richardson said, laughing. Richardson won, 21-8, and Buford retired to the couch to watch his teammates play. “Coach Rich got a ping-pong table at his house so he’s pretty good,” Buford said. “I suck. I just play it to have fun.” During the following game, Smith, a spectator at the time, was called for “hands.” Every player in the room slapped Smith hard on the back of the hand. Buford slapped twice after Smith flinched the first time. You get called for hands “if you say something dumb,” Boston College transfer Evan Ravenel said. “Something real dumb.” At 3 p.m., the games stopped as the team convened to watch film on the Purdue offense. Buford’s eyes were fixed on the screen for the entire 25 minutes while he rotated his ankle, trying to keep it loose. No one spoke as coach Thad Matta and his assistants broke down the footage. As the team left for the court, Buford returned to the training room to have his ankle taped a final time before entering the gym. Buford did not participate in the practice because of his injury and instead did individual shooting and dribbling drills. “It was kind of frustrating because I’m not used to it,” he said. “What is that, my second time (missing practice) in three years? It didn’t feel normal.” Buford stuck his head into the first-team huddles during full-court drills. “I was just seeing what they were running,” he said. “I didn’t want to be left out.” After practice concluded, the team stayed on the floor, shooting around and playing games. Buford placed second to assistant coach Brandon Miller in one game involving 3-point shooting. “I had to let him win,” Buford said, laughing. Buford, freshman guard Jordan Sibert and senior guard Eddie Days left the court at 5:20 p.m., the last three players to leave. Buford returned to the training room for treatment. After five minutes with his ankle in the hot tub to loosen the muscles, athletic trainer Chalisa Fonza began to administer a Sound Assisted Soft Tissue Mobilization (SASTM) massage, a technique involving small instruments that Fonza has been working with for three years. “I’m going real easy because he has to play tomorrow,” Fonza said. The grimace on Buford’s face would suggest the opposite. Buford jokingly bit a towel and asked freshman guard Aaron Craft to talk to him while he got the massage. “You feel that crunchy-crunch?” Fonza said while rubbing a small purple instrument on the ligaments on the front of his ankle. “That’s the problem.” For Buford, the entire technique was a problem. “That was my first time ever getting it. I don’t want to get that thing no more; that thing hurts,” he said. “She said she has to give it to me again on Wednesday, so it is what it is.” After the massage and a round in the ice tub, Buford changed into his street cloths, got taped up again and left the arena. At 6:35 p.m. Buford stepped into his car, ready to head home to the apartment he lives in alone at Olentangy Commons. He planned on studying, icing his ankle and resting in preparation for the next night’s game. Buford started in Tuesday’s game against Purdue. The junior logged 23 minutes and a team-high 19 points in the team’s 87-64 victory. read more

Whitecaps sign Dutch striker

first_imgVancouver Whitecaps have signed Dutch striker Marvin Emnes for Turkish club Akhisar Belediyespor on a free transfer.The former Swansea City forward has joined the Major League Soccer outfit on a contract that runs till the end of 2018 but the club have an option to extend it until 2020.Emnes has scored 50 goals in 301 appearances in the Dutch Eredivisie, the English Premier League and Football League Championship (second division in England), and most recently played for Akhisar Belediyespor.After a somewhat impressive campaign with Blackburn Rovers in the Sky Bet Championship where he scored four goals and provided another seven, the Dutchman was snapped up by the Turkish Super Lig club but failed to make any positive impact and his three-year deal with them was terminated early.Despite not having played a competitive fixture since December 2017, the Whitecaps hope his experience can aid them in their push for the playoffs.Vancouver director: Alphonso Davies is a lot like Mbappe Andrew Smyth – November 22, 2018 Bayern Munich’s new signing Alphonso Davies is very similar to Kylian Mbappe, says Vancouver Whitecaps’ youth academy director Craig DalrympleThe 18-year-old winger arrives at…“Marvin is a quick attacking player who’s comfortable on either wing as striker,” said head coach Carl Robinson, according to ProSoccerUsa.“He is dangerous one-v-one, and his experience will be valuable in our locker room. He will be another option to our attack as we push for a playoff spot.”“It means a lot to me to get the chance to play in MLS, and to experience that with a club like Vancouver Whitecaps FC after my years in Europe,” said Emnes. “I’d like to thank the coach for giving me this opportunity, and I look forward to working with the players and staff, as well as playing in front of the fans. Let’s get to work and push for the playoffs.”The Whitecaps will be back in action September 15 against Seattle Sounders. The Whitecaps have added additional seats to this match to meet increased ticket demands as a spot for the playoffs is on the line.last_img read more

PDM Leader hails hope and gratitude in God as remedy for hurts

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 25 Dec 2015 – Count your blessings and show God gratitude says leader of the People’s Democratic Movement, Hon Sharlene Robinson as she delivered her Christmas message on behalf of the PDM. Robinson said it is only right that everyone pause to give God thanks and praise, adding that the end of the year and beginning of a new year also leads to a time of reflection. The PDM Party leader said we ought not get stuck, “If we were to allow ourselves to be stuck in what was a difficult year for many and if we were to dwell on the lack of material things or the past hurts, losses and disappointments in 2015, then we would be robbing God of the gratitude and thanksgiving that He deserves. I offer you the following thoughts: whatever you have been through and are going through, you have made it this far and not without God’s grace and mercy and whatever you anticipate for the new year, God is already there ahead of you.”As for what we should be doing with our time during the Christmas, she said, I quote: “During this season, give your family some quality time…” Speaking for her party, Hon Robinson concluded with: “In the words of an unknown author, “May you have the spirit of Christmas which is peace, the gladness of Christmas which is hope and the heart of Christmas which is love.” Related Items:christmas message, Hon Sharlene Robinson, Pdm Recommended for you TCI Country Leaders condemn vicious memes Facebook Twitter Google+LinkedInPinterestWhatsApp TCI Premier blasts Opposition side for “slop” information, sets it straight in HOA Only Doug and Ralph and Ruth can fit, that’s whylast_img read more