Women want advisors to recognize their unique needs: study

Share this article and your comments with peers on social media Financial advisors could be doing a better job of meeting the needs of their female clients, according to a study released on Thursday by BMO Nesbitt Burns. To mark International Women’s Day, the company released the results of a survey which showed that Canadian women are responsible for making many household financial decisions, but they don’t feel that the financial services industry is doing a good job of servicing their unique needs. Facebook LinkedIn Twitter Pandemic job losses hit women harder than men, StatsCan says Keywords WomenCompanies BMO Nesbitt Burns Inc. Already suffering, working women face tougher future Mature single women are wealthier than mature single men, StatsCan finds Related news IE Staff Indeed, 82% of women in Canada say they’re either the primary decision-maker or have equal responsibility for household financial decisions. However, only 30% feel that the financial services industry is currently doing a good job servicing their unique needs as investors. Almost 40% of women feel that their views and opinions on financial matters are not taken as seriously as those of men. “As an industry, we need to do a better job of recognizing the key differences between men and women when it comes to managing their wealth and acknowledging that women tend to make decisions differently than men,” said Charyl Galpin, co-head and executive vice president at BMO Nesbitt Burns – Private Client Division. “We need to include women more in financial conversations. Women are looking for clear, honest, and relevant communication regarding product and service offerings.” Women often act as the “chief financial officer” of their families, taking the lead on household financial decisions including budgeting and education savings for children. This is often overlooked by the financial services industry. Nearly two-thirds of the women surveyed said they want their investment advisors to provide more detailed information on how they can better manage their family’s wealth. And, a third of women said they have different wealth management needs than men, and they feel that they should therefore be given different advice. read more

Bank of Canada says it overestimated growth

Julian Beltrame Related news Stagflation is U.S. economists’ biggest fear, SIFMA says Keywords Interest rates,  Economic forecastsCompanies Bank of Canada But the statement and accompanying monetary policy review contained plenty of surprises, the biggest being a new advisory to Canadians and financial markets that the anticipated need to raise rates in the future is now “less imminent.” It felt free to issue such an advisory, the central bank said, in part because it is less worried about record levels of consumer debt and the housing market, both of which appear to be moderating. And inflation pressures, with evidence the consumer price index will stay around one per cent for some time, are at the lowest since the recessionary period. Prime Minister Stephen Harper said the government has already pencilled in weaker growth for the Canadian economy, adding that the lower level of activity is hurting government revenues. “There has been a general slowing of the global economy over the past half-year so it is obviously a concern to us. And…it’s going obviously to have some fiscal impact on us, will have some impact on the pace of job creation,” he said. According to the central bank, Canada’s economy inched along at only one per cent in the last three months of the year — not the 2.5% it had expected. As well, the bank downgraded growth expectations for 2012 and 2013 by three-tenths on both counts to 1.9% and 2.0% respectively. The bank still has faith the economy will return to strength, however, starting this year and picking up speed in 2014, when growth will average 2.7%. Given that the economy is now not expected to return to full capacity until the latter half of 2014, the bank says it needs to keep borrowing costs at stimulative levels. “While some modest withdrawal of monetary policy stimulus will likely be required over time, consistent with achieving the two per cent inflation target, the more muted inflation outlook and the beginnings of a more constructive evolution of imbalances in the household sector suggests that the timing any such withdrawal is less imminent than previously anticipated,” the bank said. At a news conference following release of the outlook, governor Mark Carney said despite the more dovish tone of his statement, he still believes that next move by the bank, when it comes, will be to raise rates. “The direction is clear, the timing has shifted,” he said. “But that is still ultimate direction.” The Canadian dollar ended the trading day down 0.64 of a cent at 100.1 cents U.S. after going as low as 99.96 cents in the morning. Bank of Montreal economist Doug Porter said he believes the central bank will keep interest rates where they are for the remainder of the year. “The prior reason for the seeming disconnect between the tough talk and a squishy soft economy was the bank’s laser-like focus on the build-up in household debt,” Porter said. “With the bank now sending some fairly strong signals that it thinks the path for household debt is moderating meaningfully, the case for rate hikes has receded accordingly.” The interest rate statement and accompanying monetary policy report — a comprehensive analysis of global and Canadian conditions — constitute of a bit of a climb-down for the bank’s forecasting unit, which had been staying with its growth story for the economy as recently as October, when most private sector forecasters were downgrading projections. The bank’s latest estimates appear more in line with the consensus of private sector economists, although it remains slightly sunnier than the International Monetary Fund, which released a new forecast Wednesday predicting Canada’s economy would advance by 1.8% this year. The Canadian central bank’s judgment is that the sharp downturn in growth at the second half of 2012 was due to weaker global markets for Canadian exports, uncertainty about how the U.S. would deal with its short-term budget crisis that kept business from investing, and temporary factors — such as shutdowns and pipeline bottlenecks in the energy sector. Along with lower prices, the energy sector difficulties trimmed 0.4 percentage points from Canadian growth in the latter half of the year, the bank said. The damage will have lasting impacts. Not only is the economy as a whole lower than it might have been at this point, but it won’t return to full capacity until late in 2014. Going forward, Canada’s economy can no longer count household borrowing to spend on homes and consumer goods to sustain growth. The economy will need to earn its success, the bank said, by increasing exports to foreign markets and through investments by the corporate sector. In a change from previous reports, the bank says Canadian household debt is stabilizing at around the record 165% of annual disposable income, and credit growth has sharply declined from a peak of 12% in 2008 to 5.5% in 2012, and 3.0% in the three months to November. Home sales have fallen, as has construction activity, and prices may follow suit. This is a mixed blessing. On the one hand, the trends are exactly what Carney and Finance Minister Jim Flaherty repeatedly requested, given that an overheated housing market and high consumer debt puts the economy at risk long-term. On the other hand, the bank worries that too much of a good thing will be the medicine that kills the patient. “If there were a sudden weakening in the Canadian housing sector, it could have sizable spillover effects on other areas of the economy,” the bank warns. Still, there was good news in the report. The bank believes there are fewer imminent risks facing global economies, which should boost Canadian exports and business investment going forward. “The bank projects a return to above-potential growth in the Canadian economy through 2013,” it says, “supported in particular by rebounds in business fixed investment and exports.” Facebook LinkedIn Twitter Economy lost 68,000 jobs in May Share this article and your comments with peers on social media OECD raises outlook for Canadian economic growth this year The Bank of Canada said Wednesday interest rates will need to stay at super-low levels longer — likely until 2014, say analysts — after conceding it misjudged the strength of the economy and reduced its outlook for inflation. For the 19th consecutive decision date, the central bank’s policy setting team kept the trendsetting interest rate at one per cent Wednesday, where it has been for almost two-and-a-half years. read more

Quebec reps fined for off-book activities

Related news Keywords EnforcementCompanies Investment Industry Regulatory Organization of Canada The violations occurred when Dalpé was a registered representative and portfolio manager and Milette was a registered rep, both with the Montreal branch of Desjardins Securities Inc. Dalpé and Milette admitted that they engaged in securities- related activities without recording them in their employer’s books. Dalpé and Milette agreed to pay fines of $15,000 each. In addition they were ordered to disgorge the profits they realized by off-book activities — $75,00 for Dalpé and $52,468 for Milette. They also agreed to pay $10,000 in costs. IIROC formally initiated the investigation into the conduct the pair in November 2011. Dalpé and Milette are still within the industry in a registered capacity, at the Montreal branch of Richardson GMP Ltd. IE Staff BFI investors plead for firm’s sale Mouth mechanic turned market manipulator PwC alleges deleted emails, unusual transactions in Bridging Finance case Share this article and your comments with peers on social media The Investment the Investment Industry Regulatory Organization of Canada (IIROC) has fined a pair of Quebec brokers for engaging in off-book securities activities. On March 14 in Monteal, an IIROC hearing panel accepted a settlement agreement, which included disciplinary sanctions, between the IIROC staff and Marc Dalpé and Jean-Marc Milette. Facebook LinkedIn Twitter read more

SEC alleges seniors bilked in large boiler room scheme

first_img Share this article and your comments with peers on social media U.S. authorities brought charges in an alleged boiler room scheme that generated more than US$14 million in illegal profits, including US$7.8 million from manipulative trading in a Canadian firm. The U.S. Securities and Exchange Commission (SEC) announced on Wednesday that it brought fraud charges against 13 individuals that, it alleges, were involved in two U.S.-based cold-calling scams that bilked more than one hundred victims out of more than US$10 million through “high-pressure sales tactics and lies about penny stocks.” Many of the alleged victims of the schemes were seniors, it notes. Retail trading surge on regulators’ radar, Vingoe says Related news Imposters among us, CSA warns DoJ launches task force to tackle Covid-19 fraudcenter_img The SEC’s complaint, which was filed in federal district court in Brooklyn, N.Y., charges all defendants with fraud, and nine of them with market manipulation. The SEC is seeking permanent injunctions, disgorgement with interest, civil penalties, penny stock bars, and an officer-and-director bar from one of the alleged orchestrators of the scheme. At the same time, a nine-count criminal indictment was also unsealed this morning in federal court against 14 defendants that were allegedly involved in the schemes. The list of charges brought by the U.S. Attorney’s Office for the Eastern District of New York includes: conspiracy to commit securities fraud; conspiracy to commit wire fraud; conspiracy to commit money laundering; and securities fraud in connection with the stock manipulation of five publicly traded companies, including Toronto-based, Intelligent Content Enterprises, Inc., which trades under the ticker symbol ICEIF. According to the SEC’s complaint, the trading in Canadian firm, ICEIF, generated at least US$7.8 million in illegal profits, as one of the accused, “co-ordinated the trading of large quantities of ICEIF shares in Canadian brokerage accounts in the names of several foreign entities.” None of the allegations have been proven. “As alleged, the defendants designed an elaborate, fraudulent scheme, to defraud the investing public, preying, in particular, upon unsuspecting and elderly investors. Specifically, the defendants obtained shares from corporate insiders at below-market prices and engaged in manipulative trading patterns to drive up the price of the shares, while aggressively and repeatedly calling and emailing victims to purchase those shares,” said Bridget Rohde, acting U.S. attorney for the Eastern District of New York. Keywords FraudCompanies Securities and Exchange Commission James Langton Facebook LinkedIn Twitterlast_img read more

45 Women Leave for Canada on Overseas Employment Programme

first_imgRelated45 Women Leave for Canada on Overseas Employment Programme Related45 Women Leave for Canada on Overseas Employment Programme FacebookTwitterWhatsAppEmail Forty-five women are among a number of Jamaicans departing for Canada between Tuesday and Wednesday (April 28-29) this week, to work as seafood packers in British Columbia, on the overseas employment programme.According to the Minister of Labour and Social Security, Hon. Pearnel Charles, the departure of the women is an indication that the Government is committed to expanding the pool of workers on the overseas programme.Mr. Charles added that the Government has been systematic in its approach to taking advantage of available overseas employment opportunities, as it seeks to keep its commitment to Jamaican workers.Of the 45 departing female workers, aged 21-40, 22 left today(Tuesday), while the remaining 23 will depart Wednesday(April 29). They will be employed in Cape Ball, which is off the Pacific Coast of British Columbia.An additional 15 new workers will also benefit from employment opportunities on May 1, at Westmorland Fisheries, British Columbia, which is one of the newest employers to join the programme. Seven men will make up this group, which will also work as seafood packers. They will remain in Canada for about eight months.Last year May, Cape Ball employed 18 women, but later added 95 men, who successfully completed the programme. Related45 Women Leave for Canada on Overseas Employment Programmecenter_img Advertisements 45 Women Leave for Canada on Overseas Employment Programme Foreign AffairsApril 28, 2009last_img read more

Home sought for UK’s ground-breaking prototype fusion power plant

first_imgHome sought for UK’s ground-breaking prototype fusion power plant UK government has called on local communities across the country to put forward proposals to host the UK’s prototype fusion energy power plantwhen complete, the plant will pave the way to a limitless supply of low carbon, clean energy to the UKfollows Prime Minister’s ten-point-plan for a green industrial revolution and the UK’s ambition to be the first country in the world to commercialise fusion energy technologyLocal communities across the UK are being asked to step forward with proposals to house a prototype fusion power plant in a move that could propel them on to the global stage in a world first. The successful bidder could be first in line for thousands of new local highly-skilled jobs, putting them at the heart of the government’s green industrial revolution.Fusion offers a virtually limitless source of clean electricity by copying the processes that power the sun.The UK government has today (Wednesday 2 December) invited UK regions and communities to put forward proposals to become the home of STEP – the Spherical Tokamak for Energy Production – the UK’s ambitious programme to design and build a prototype fusion plant.Communities will have until the end of March 2021 to submit their nominations and will need to demonstrate that their local area has just the right mix of social, commercial and technical conditions to host the new plant – such as adequate land conditions, grid connection and water supply.The successful site will be home to the construction of the plant, targeted for completion by 2040, and will become a global hub for fusion energy and associated industries. This could create thousands of local highly skilled jobs during the construction and operation of the plant, as well as for the local supply chain, while attracting a new science and technology hub for the UK.This follows the Prime Minister’s 10 point plan for a green industrial revolution set out earlier this month which committed to doubling down on the UK’s ambition to be the first country in the world to commercialise fusion energy technology, with £222 million allocated to begin the STEP design work.Business and Energy Secretary Alok Sharma said:We want the UK to be a trailblazer in developing fusion energy by capitalising on its incredible potential as a limitless clean energy source that could last for generations to come.Communities across the country have an incredible opportunity to secure their place in the history books as the home of STEP, helping the UK to be the first country in the world to commercialise fusion and creating thousands of highly skilled jobs to drive our green industrial revolution.STEP will be delivered through the UK Atomic Energy Authority which carries out fusion energy research on behalf of the government.In addition to its £222 million commitment to STEP, the government has also invested £184 million by 2025 in new fusion facilities, infrastructure and apprenticeships at the Culham Science Centre in Oxfordshire, providing further support to this important centre of fusion and innovation.UK Atomic Energy Authority CEO Professor Ian Chapman said:STEP is about moving from research and development to delivery.It will prove that fusion is not a far-off dream, but a dawning reality with the UK leading the commercial development of fusion power and positioning itself as a pioneer in sustainable fusion energy.To achieve this ambitious goal will require all the ingenuity and application of the UK’s science and engineering industry and we look forward to working with industrial partners in the years ahead, not just to invest, but also to support the technical evolution of the programme.We are confident that working together with partners in the UK and around the world will enable the UK to bring a revolutionary technology to market.A recent independent study by London Economics found that the UK economy has gained £1.4 billion from the government’s direct investment in fusion energy over the past decade.NotesUK Atomic Energy AuthorityThe UK Atomic Energy Authority (UKAEA) carries out fusion energy research on behalf of the UK government at Culham Science Centre near Oxford. UKAEA oversees Britain’s fusion programme, headed by the MAST Upgrade (Mega Amp Spherical Tokamak) experiment. It also hosts the world’s largest fusion research facility, JET (Joint European Torus), which it operates for European scientists under a contract with the European Commission.Fusion research at Culham is funded by the Engineering & Physical Sciences Research Council (EPSRC) and by the European Union under the EURATOM treaty. /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:clean energy, electricity, Engineering, EU, Europe, European Union, Government, industrial revolution, infrastructure, London, power plant, Prime Minister, research council, sustainable, UK, UK Governmentlast_img read more

New online gateway to drive global investment into WA

first_imgNew online gateway to drive global investment into WA New website showcases WA’s unique attributes, strengths and emerging global opportunities‘Invest and Trade WA’ creates online gateway to attract investment from overseas and interstate Part of McGowan Government’s commitment to diversify the economy and create jobsInformation and resources also available to help WA businesses to grow Premier Mark McGowan has today launched a new website that will promote Western Australia both interstate and overseas as a world-leading investment and trade destination, to continue to grow the State’s economy.As part of the WA Government’s economic plan to diversify the economy and create jobs, the Invest and Trade WA website will act as an online gateway to showcase the State’s unique investment and trade opportunities to potential investors and buyers.The website profiles the State’s key industries including mining and mining equipment, technology and services; energy; primary industries; defence industries; tourism, events and creative industries; international education; and health and medical technology.Interstate and international audiences can learn about successful and innovative WA businesses and programs, highlighting the State’s proven track record of delivering high-quality products and services to the world’s major economies. The website will also include information about investment opportunities across key industries.A section named ‘WA business connect’ provides information and resources for WA businesses aiming to become investor ready, or seeking information on commencing or expanding their export capability.Resources launched as part of the Invest and Trade WA website include eight new market outlooks which provide local businesses with valuable information on emerging international investment and trade opportunities in the State’s priority markets.Also featured on the website is the Investment and Trade Plan 2020-21, which outlines the Government’s approach and proposed initiatives to strengthen WA’s investment and trade outcomes.To view the new Invest and Trade WA website and to access its resources, visit https://www.investandtrade.wa.gov.au As stated by Premier Mark McGowan:“Western Australia has emerged from the global pandemic with a strong, innovative and resilient economy, and a highly skilled workforce that is primed for growth and investment.“Our economy has roared back to life and, quite simply, there is no better place in the world to do business than right here in WA.“The Invest and Trade WA website will contribute to our work of diversifying the economy and creating jobs by better promoting our vast potential to overseas markets and supporting local businesses.“2021 is set to be an exciting year for Western Australia and local businesses as our resilience, economic strength and management of the pandemic continue to be the envy of the world.“Our priority is to ensure we capitalise on these opportunities to continue to grow our economy and create jobs for Western Australians.” /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:Australia, business, education, Government, Investment, Investor, outcomes, pandemic, Premier, resilience, resources, technology, tourism, WA, Western Australia, workforcelast_img read more

Ridgefield students first to cross new Wildlife Refuge Bridge for tree planting project

first_img 0 Comments Inline FeedbacksView all comments Ridgefield students first to cross new Wildlife Refuge Bridge for tree planting projectPosted by ClarkCountyToday.comDate: Monday, December 16, 2019in: Youthshare 0 The students were on their way to a tree planting project at the River S Unit RIDGEFIELD — Since 1960, an old, single-lane wooden bridge has carried traffic to the Ridgefield National Wildlife Refuge.  But now a wide concrete span arcs high above the old bridge, ready to serve the Refuge for decades to come. And the first vehicle to cross it was a school bus of students from South Ridge Elementary and Ridgefield High School.  The students were on their way to a tree planting project at the River S Unit — but they stopped to do a quick ribbon cutting on the way. South Ridge Elementary School students worked in teams to plant trees. Photo courtesy of Ridgefield Public SchoolsSouth Ridge Elementary School students worked in teams to plant trees. Photo courtesy of Ridgefield Public SchoolsIn the center of the new bridge, representatives from the Refuge, Ridgefield’s City Council, the U.S. Fish and Wildlife Service, the Western Federal Lands Highway Division, construction contractor Ceccanti, the Sevier family (the original owners of the land), and other citizens stood for a short ceremony.  After eleven years of planning, the bridge was opening to traffic for the first time.  Kevin Forester, regional chief for the National Wildlife Refuge System, welcomed the students.  “That’s our future there behind us, the kids,” he said. “They’re going down and planting trees today, so they’re going to be the first ones to officially cut the ribbon and come across the bridge.”Ridgefield students work with park rangers to plant trees by the Kiwa Trail, restoring the native habitat. Photo courtesy of Ridgefield Public SchoolsRidgefield students work with park rangers to plant trees by the Kiwa Trail, restoring the native habitat. Photo courtesy of Ridgefield Public SchoolsThe students filed off the bus and lined up behind a double row of caution tape.  On cue, they cut the ribbon to open the bridge, and the crowd cheered. Eric Anderson, the Refuge’s acting project leader, told them they could take a piece of ribbon home with them as a keepsake if they wanted.  “I’m not using it again,” he joked.  “So it’s all yours.”Then the students re-boarded the bus to head toward the Kiwa Trail.  Jackie Bergeron’s fourth grade class researched the yellow-billed cuckoo as part of their project-based learning.  The yellow-billed cuckoo population has declined significantly in the northwest, and the students wanted to see if they could help change it.  The tree planting would help restore the cuckoo’s preferred habitat. Students from South Ridge Elementary and Ridgefield High School cut the ribbon for the new bridge. Photo courtesy of Ridgefield Public SchoolsStudents from South Ridge Elementary and Ridgefield High School cut the ribbon for the new bridge. Photo courtesy of Ridgefield Public SchoolsBergeron’s class was joined by the officers from a new environmental awareness organization from Ridgefield High School, International Teens Upholding Nature Association (iTuna).  Together, they learned from the park rangers how to plant the trees, gently separating the tree roots out, covering the area with weed cloth, staking the tree so it would stand straight, and caging the tree to protect it from hungry animals.  Soon the students were all working in teams, planting trees on their own. Bergeron plans to make this an ongoing project.  “This is a project that we’re going to do for years.  This is the first class. In the spring, they’re going to make new cuttings that we’re going to grow.  Then my next class will come and plant those. So the idea is to truly be a part of helping restore this habitat back to what it natively should have been.”  The new bridge to the River S Unit at the Ridgefield National Wildlife Refuge arcs over the old, one-lane wooden bridge. Photo courtesy of Ridgefield Public SchoolsThe new bridge to the River S Unit at the Ridgefield National Wildlife Refuge arcs over the old, one-lane wooden bridge. Photo courtesy of Ridgefield Public SchoolsThe students got some close-up views of native wildlife as they worked, with a whitetail deer crashing through the blackberries nearby, birds chirping overhead in the tree canopy, and tiny green chorus frogs hopping near the tree plantings.  They hope that with the new trees, the yellow-billed cuckoo will one day rejoin the rest of the wildlife by the Kiwa trail. In the meantime, they know the plantings will be there for the wildlife that lives at the Refuge — and that they had a part in helping protect it. Information provided by Ridgefield Public Schools.AdvertisementThis is placeholder textTags:Clark CountyLatestshare 0 Previous : Vancouver mayor appointed to Washington State Tax Structure Work Group Next : BGHS Advanced Jazz Band takes first place at Skyview Jazz FestivalAdvertisementThis is placeholder text Name*Email*Website I allow to create an accountWhen you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you’ll be logged-in to this account.DisagreeAgree Name*Email*Websitecenter_img Subscribe Connect with LoginI allow to create an accountWhen you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you’ll be logged-in to this account.DisagreeAgreeNotify of new follow-up comments new replies to my comments I allow to use my email address and send notification about new comments and replies (you can unsubscribe at any time). guestLabel guestLabellast_img read more

Alphabet Loon project yet to fly in Kenya

first_img Kenyan Information and Communications minister Joseph Mucheru slated bureaucracy for delaying the take-off of Alphabet’s Loon service, which is yet to begin operations some 18 months after agreeing a rural connectivity deal with Telkom Kenya, Financial Times (FT) reported.Loon and Telkom Kenya agreed the deal in mid-2018 with the goal of launching commercial services during 2019. However, FT wrote the service is yet to get off the ground due to what Mucheru said was a sluggish response from the government around granting permits.Telkom Kenya told the newspaper it is waiting for approval to fly the systems’ high-altitude balloons from the Kenya Civil Aviation Authority and the Ministry of Transport. The operator explained the service is ready to roll, with ground stations already established, and it is working with authorities to gain the necessary approvals.Mucheru said he still fully backs Loon, which aims to beam 4G connectivity to remote parts of the country and is seen as something of a poster-child for High Altitude Platform Stations (HAPS) technology.Loon and SoftBank subsidiary HAPSMobile recently formed the HAPS Alliance to speed adoption of high-altitude network infrastructure, which received backing from major operators and vendors including Deutsche Telekom, China Telecom, Ericsson and Nokia. Subscribe to our daily newsletter Back Author Manny joined Mobile World Live in September 2019 as a reporter based in London. He has previous experience in telecoms having worked for B2B publication Mobile News for three years where he climbed up to the position of Features Editor…. Read more Previous ArticleMobile Mix: We’re not talking about cat videosNext ArticleT-Mobile US names new leadership team Related Telkom Kenya, Airtel clear to restart merger talks Telkom Kenya reveals restructure plans Telkom Kenya, Airtel merger called off Manny Pham Tags Home Alphabet Loon project yet to fly in Kenya AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 13 MAR 2020 Project LoonTelkom Kenyalast_img read more

After quiet start, McIlroy-Koepka set for showdown

first_imgMEMPHIS, Tenn. – For Rory McIlroy, this week’s stop in muggy Memphis is proof of the redemptive powers of sport. It was a little more than a week ago when the normally collected Northern Irishman broke down in front of the home fans and the world on his way to an emotional missed cut at The Open. He talked that day about learning a lot about himself and his game. He talked about allowing his emotions to dictate his actions and how allowing yourself to get caught in the moment isn’t always a bad thing. And he talked about how that round on Friday, a gritty 65 to miss the cut by a stroke, felt like coming down the stretch with a chance to a major championship. With everything that came with that assessment it only stands to reason that coming up short felt like the type of loss that can leave a mark. The good news for McIlroy is he didn’t have long to ponder his shortcomings. It’s why sports, and golf in particular, can be so redemptive. The traveling circus is essentially a weekly therapeutic reset. It doesn’t matter how bad things went last week there’s always the next stop to look forward to, and McIlroy arrived at the WGC-FedEx St. Jude Invitational, which was transformed this year, thanks to the circuit’s reimagined schedule, from a sleepy mid-summer stop to a world gathering. “We’re very fortunate in golf that there’s always next week. You can respond so quickly from setbacks and failures,” he said. “There’s going to be times where you don’t play so well, but as long as you can learn from that and sort of put into practice what you’ve learned and try to correct maybe what happened the week before.” Through three rounds at TPC Southwind, McIlroy has looked nothing like the guy who stumbled his way to an opening 79 at Royal Portrush. He began his week with rounds of 69-67 and was nearly perfect Saturday on his way to a week’s-best 62 to take a one-stroke lead over Brooks Koepka. Nothing cures the ills of the past more than the type of golf McIlroy played on Day 3, a nearly-flawless effort that included three consecutive birdies to complete his opening loop and another at No. 14 to pull within two strokes of the lead. For all the criticism McIlroy endured for his finish last Thursday in Northern Ireland, which included double bogeys at the 16th and 18th holes, there were no such miscues Saturday. He took a share of the lead with a 16-footer at the 17th hole and moved clear of the field with 27-footer at the last for birdie. Your browser does not support iframes. Full-field scores from the WGC-FedEx St. Jude Invitational “I guess the pressure’s off a little bit,” he said. “You’ve had a bad week and you go to the next week and you say, OK, I didn’t do this well, I didn’t do this well. So, you’re sort of trying to focus on that rather than winning the tournament.” Instead of fixating on such grand goals as winning the claret jug for an entire country, he shifted his focus this week to more mundane tasks, like “neutralizing” his ball flight and dialing in his distance control. The result is a 12-under total and a looming showdown with Koepka. Historically you probably could have seen McIlroy’s bounce back coming. He won the RBC Canadian Open after missing the cut at the Memorial in June and rebounded to win last year’s Arnold Palmer Invitational after a missed weekend at the Valspar Championship. In fact, he won his first event on Tour, the 2010 Quail Hollow Championship, after missing back-to-back cuts. That it will be he and the world No. 1 setting out together for the first time on a Sunday only proves that pressure brings out the best in McIlroy, regardless of Thursday’s outcome at Royal Portrush. It’s the perfect storyline for Memphis’ first World Golf Championship with Koepka fresh off a major season that included top-5 finishes at each one to go along with his victory at the PGA Championship. “It will be fun,” said Koepka, who came up one green shy (No. 18) of throwing a perfect game after hitting 17-of-18 greens in regulation on Saturday. “Rory’s playing some good golf, especially with the start he got off to. I played with him the first two days. The way he struck it was really impressive. He’s putting well and you know he’s going to be tough to beat.” It’s also hard to beat having arguably the game’s two best players at the moment going head-to-head in the final group. Sunday won’t be a two-man skins game, not with the likes of Jon Rahm and Marc Leishman looming three strokes back, but it’s close with McIlroy eyeing redemption and Koepka looking to make point. Two quiet days finally gave way to what we’ve come to expect at a World Golf Championship with the game’s stars aligned atop the leaderboard at TPC Southwind. It took some time, but Saturday a World Golf Championship finally broke out in Memphis.last_img read more