Five things to watch for in the Canadian business world in the

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first_imgTORONTO – Five things to watch for in the Canadian business world in the coming week:Never-ending NAFTA: The seventh round of North American Free Trade Agreement negotiations commence in Mexico City on Monday, where fallout from the recently signed Trans-Pacific Partnership is likely to cause tension. Ottawa has said TPP is likely to curb U.S. imports into Canada by $3.3 billion, mainly in automotive products, a gap U.S. negotiators may seek to close in a renegotiated NAFTA deal.Canada’s first feminist budget: Finance Minister Bill Morneau tables the federal budget on Tuesday, which will feature the economic success of women and gender equality as major themes. A briefing note prepared for Morneau estimates that closing the labour-market participation gap between women and men by half over 15 years would raise the country’s potential long-term economic growth by an average of 0.25 percentage points per year over that period.Banks look to the black: BMO, Scotiabank and TD are all set to release first-quarter results this week. While analysts expect one-time writedowns due to a reduction of deferred tax assets south of the border, the broader picture for the banks looks sunnier thanks to U.S. tax reform and higher interest rates, although domestic mortgage demand and ongoing tensions over NAFTA could cloud the long-term outlook.Valeant earnings: Valeant Pharmaceuticals discusses fourth-quarter and year-end results on Wednesday. A U.S. District Court judge gave Canada’s largest publicly traded drug company preliminary approval in January for a $368-million settlement of lawsuits stemming from the unsuccessful attempted hostile takeover in 2014 of Botox maker Allergan Inc.Have you checked the mail room? Bakery goods and grocery giant George Weston releases fourth-quarter and year-end results on Friday. The CEO of rival grocer Sobeys said earlier this month that George Weston and Loblaw Companies “should keep checking the mailroom” for upcoming legal action after they implicated Sobeys in an alleged industry-wide bread price-fixing scheme that goes “right to the heart of the trust” between Canadians and their grocers.last_img read more

US productivity shows no gain in fourth quarter

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first_imgWASHINGTON – U.S. productivity showed no gain in the fourth quarter, the poorest performance since an outright decline in the first quarter of 2016. It was further evidence of the struggles the country is facing in boosting worker efficiency.The flat reading the Labor Department reported Wednesday was a slight improvement over an initial estimate a month ago that productivity had actually fallen at a seasonally adjusted annual rate of 0.1 per cent last quarter. Labor costs rose at an annual rate of 2.5 per cent in the fourth quarter, a modest gain that followed a 1 per cent increase in the third quarter.For the year, productivity rose 1.2 per cent, a weak performance but a slight improvement from no gain at all in 2016. Boosting productivity is seen as the country’s biggest economic challenge.The zero growth in productivity in 2016 was the poorest performance in 35 years, since productivity fell by 1 per cent in 1982.Productivity, the amount of output per hour of work, is the key factor governing rising living standards. If productivity improves, it allows companies to pay their workers more without having to boost the cost of their products, a move that can increase inflation.Without improvements in productivity, the Trump administration will have difficulty achieving its goal of doubling the rate of economic growth to 3 per cent or better. An economy’s potential for growth is determined by growth in the labour force, which is determined largely by birth rates and immigration, as well as the growth in productivity.Productivity is the amount of output per hour of work. The small revision to the fourth quarter figure reflected the fact that the government last week made a slight revision to overall output, as measured by the gross domestic product, showing the GDP grew at a 2.5 per cent annual rate rather than the 2.6 per cent gain initially estimated.last_img read more

Trump trade tariffs sink stocks

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first_imgNEW YORK (NEWS 1130) – US President Donald Trump’s approval of tens of billions of dollars in duties on Chinese imports sparked a selloff in stocks.At the closing bell, the Dow Jones Industrial average was down 724 points or 2.9 per cent to 23,958. The S&P/TSX Composite Index fell 1.8 per cent of 275 points to 15,400.The Trump administration announced trade sanctions against China Thursday, and Beijing has said it will defend itself.Dow drops 700 points late in the session, 2.8%, on investor fear about Trump’s trade tariffs on China.— Richard Dettman (@rwdettman) March 22, 2018Industrial and technology companies, which depend heavily on foreign trade, took some of the worst losses.Boeing, Caterpillar and Microsoft all fell sharply.Bond prices surged as investors sought cover, sending yields lower. That helped push bank stocks sharply lower too.High-dividend stocks like utilities, another safe-play investment, rose.last_img read more

Judge tosses legal challenge against Cabot Links clears way for condos

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first_imgPORT HAWKESBURY, N.S. – A legal challenge against Cape Breton’s Cabot Links golf resort aimed at blocking the construction of luxury beach front condos has failed.Local activist and filmmaker Neal Livingston sought to have a 2.62-hectare Inverness property declared as dedicated for public use due to its historical use by the community.Lawyers for the golf resort — which has received almost $17 million in government loans — opposed the application, saying it purchased the land in good faith from a private landowner.A Nova Scotia Supreme Court judge agreed with the company, saying there is no evidence of an intent to dedicate the property to public use.In a decision released Tuesday, Justice Patrick Murray says the recreational use of the beach does not support the conclusion that it was dedicated to the public.Instead, he says there was a “tolerance extended” by previous landowners towards visitors of the beach.Murray says the amenities provided to the community, such as picnic tables, fire pits and garbage cans, are “movable structures” and do not convey an intention to dedicate the land for public use.“There is no question that some amenities were provided on the lands to the benefit of those visiting and accessing the beach from time to time,” he stated.“This included some parking and the use of the recreational equipment,” the judge said. “It does not necessarily follow however that the provision of these items demonstrates an intention to dedicate (the land) as oppose to for example, tolerance extended by these owners toward visitors to the beach.”The land was part of a coal mine until 1958, when it was turned over to the town of Inverness. In 1968, the town gave the land to the Royal Canadian Legion, which a year later deeded the property to the Inverness Development Association.The deed specified that the lands were to be “used and developed for the benefit of the citizens of the town of Inverness,” according to court documents.Livingston suggested that the development of nine upscale condos by a private golf resort would run contrary to the intention stated in the deed, and that the land has a long history of being used by the public.For example, public funds were used to install picnic tables and playground equipment in 1969, and there was public parking available.Livingston argued facilitating recreational use is a matter of public necessity.Affidavit evidence by local residents suggested the land was then used by the public, including families who visited the beach to dig for clams, play and swim. Locals would also visit the area for lunch when a canteen was built in the late 1970s.In 1986, the Municipality of the County of Inverness conveyed the property to Cape Bald Packers, a seafood processor, which in 2011 sold the land to Cabot Links.According to court documents, the golf resort mortgaged the land using loans in part from the Nova Scotia government and the federal Atlantic Canada Opportunities Agency.Cabot Links told the court it purchased the land in good faith from a private landowner — Cape Bald Packers — and then had the property rezoned through a public development permit process.The golf resort also presented a number of affidavits from local residents, who said public use of the lands was sporadic and there was no organized use.last_img read more

Ontario asks court to toss application from Tesla over electric vehicle rebates

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first_imgTORONTO – Ontario’s Progressive Conservative government has asked the province’s Superior Court to throw out a petition from the Canadian arm of Tesla Inc. that claims the U.S. company has been treated unfairly in the government’s cancellation of an electric vehicle rebate program.The provincial government’s ministry of transportation said in a response filed Tuesday that there is no merit to the electric car maker’s application for judicial review, arguing the decision is government policy that does not fall within the court’s jurisdiction.“While framed as a judicial review of an ostensibly administrative decision, the application is essentially an attack on a core policy decision made by Ontario’s cabinet,” it said in the court filing.“Such a decision is not reviewable by the court and is not a basis to quash the decision.”In July, the government announced the cancellation of the rebate program but said that incentives would be honoured for vehicles ordered through a dealership if they are delivered and registered by Sept. 10.Tesla sells vehicles directly to customers rather than through a dealership, making its vehicles ineligible for the incentives under the new rules.Tesla Motors of Canada said in its application that the decision by Premier Doug Ford’s government to halt the program left hundreds of its customers no longer eligible for rebates they expected to get when they ordered their vehicles.It claims Tesla was also left out of a program that allows purchasers of other brands to receive rebates during a transition period and that the government has given it no reason for its exclusion.Tesla said the government’s decision has “already inflicted substantial harm” on the company in the form of lost sales and potential damage to its reputation because it leaves the impression that Tesla “may be singled out for future arbitrary treatment.”It asked the Ontario Superior Court to quash the government’s move.However, the government’s response said the decision to revoke the rebate program was made for “valid public reasons.”The government said it decided to include only independently owned franchised dealerships in the transition funding in order to minimize negative impacts to small- or medium-sized businesses, and that such dealerships may have vehicle inventory or made orders with manufacturers that could not be returned.“Tesla Canada is effectively asking this court to make a declaratory order at the behest of its customers to provide them a grant from public funds.”last_img read more

MillerCoors Pabst settle lawsuit over brewing contract

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first_imgMILWAUKEE — MillerCoors and Pabst Brewing Co. have settled a lawsuit in which the hipster’s brand of choice claimed the bigger brewer lied about its ability to continue brewing Pabst’s beers to put that company out of business.The settlement came Wednesday as jurors were in deliberations.Chicago-based MillerCoors said in a statement the settlement was “amicable” and that all “outstanding issues with Pabst” were resolved. Settlement details were not disclosed.MillerCoors has brewed and shipped most of Pabst’s beers since 1999. Pabst, which was founded in Milwaukee but now based in Los Angeles, sued in 2016 after MillerCoors announced it wouldn’t have the capacity to brew for Pabst when the contract expired in 2020.Pabst claimed that the contract allowed for two five-year extensions if Pabst wanted and that MillerCoors was worried Pabst would cut into its market share. MillerCoors called the claim a conspiracy theory.Ivan Moreno, The Associated Presslast_img read more

Hearings began yesterday in deportation case of alleged ISIS supporter arrested in

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first_imgHamdan was arrested in Fort St. John nearly three years ago, and was charged with four terrorism-related offences. He was acquitted of all charges in B.C. Supreme Court last fall, but continued to be detained by Immigration officials since he is not a Canadian citizen.Hamdan’s deportation hearing is scheduled to finish on May 16th. A separate hearing to revoke Hamdan’s refugee status took place last week, though the decision from that hearing has not been published. In the meantime, Hamdan remains in custody at the Fraser Regional Correctional Centre in Maple Ridge.Story courtesy Global BC: https://globalnews.ca/news/4147042/deportation-hearing-isis-supporter/?utm_source=980CKNW&utm_medium=Facebook VANCOUVER, B.C. — An RCMP officer took to the stand yesterday at a deportation hearing in Vancouver for a former Fort St. John resident who was acquitted of terrorism charges last year.According to Global News, Cst. Tarek Mokdad testified at the deportation hearing of Othman Ayed Hamdan Monday, saying that that he had found “clear support” by Hamdan for the so-called Islamic State in his online posts. Cst. Mokdad said that Hamdan’s Facebook posts were a “cause for concern” about whether Hamdan presents a danger to national security.“I found clear support for the Islamic State,” said Cst. Mokdad, who is a member of the RCMP’s national security division, while on the stand at the Immigration and Refugee Board hearing.last_img read more

Dairy Queens Miracle Treat Day August 8th 2019

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first_imgFORT ST. JOHN, B.C. – Tomorrow, August 8th, 2019, is Dairy Queen’s Annual fundraising event, Miracle Treat Day.To participate in #MiracleTreatDayHead to Dairy Queen and purchase a BLIZZARD Treat and the net proceeds from each BLIZZARD go towards local Children’s Miracle Network Canada hospitals such as BC Children’s Hospital. To view social media, CLICK HERElast_img

Saudi envoy meets Imran amid IndoPak tensions conveys his majestys special message

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first_imgIslamabad: Saudi’s top diplomat met Pakistan Prime Minister Imran Khan on Thursday and delivered a “special message” from powerful Crown Prince Mohammad bin Salman, amid global efforts to de-escalate Indo-Pak tensions, according to media reports. Saudi State Minister for Foreign Affairs Adel al-Jubeir called on Prime Minister Khan at the his office where the two discussed the ongoing Indo-Pak tensions and matters of regional and bilateral interest, Geo TV reported. Also Read – Imran Khan arrives in China, to meet Prez Xi Jinping Jubeir conveyed him a special message of the crown prince, it added. Foreign Minister Shah Mehmood Qureshi, PM’s adviser on trade, secretary foreign affairs and other higher officials were present during the meeting. Ahead of his meeting with Khan, Jubeir met Qureshi and discussed Pakistan’s recent tensions with India, regional security and bilateral relations. The Saudi diplomat assured Qureshi of his country’s support towards solving the issues with India in a peaceful manner. Also Read – US blacklists 28 Chinese entities over abuses in Xinjiang According to Pakistan Foreign Office, Jubeir will also meet Army chief General Qamar Javed Bajwa. Jubeir was earlier supposed to visit Pakistan on March 1 but it was delayed due to heightened tensions between Islamabad and New Delhi. Tensions between India and Pakistan flared up after a suicide bomber of Pakistan-based Jaish-e-Mohammed killed 40 Central Reserve Police Force personnel in Kashmir’s Pulwama district on February 14. India launched a counter-terror operation in Pakistan’s Balakot on February 26. The next day, Pakistan Air Force retaliated and downed a MiG-21 and captured its pilot Wing Commander Abhinandan Varthaman, who was handed over to India on March 1. Countries like the US, the UK, China, Saudi Arabia and the UAE were involved in easing tensions between India and Pakistan. While announcing the Saudi minister’s visit, Foreign Minister Qureshi Wednesday said that the Saudi envoy is coming to Pakistan with a “special message” from Crown Prince Mohammad. Jubeir’s visit comes after the crown prince stand alone visits to Pakistan and India soon after the Pulwama terror attack.last_img read more

Door is open for India to bring serious trade plan to table

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first_imgWashington: Observing that trade has been an area of frustration in bilateral ties, the US has said that the door is open if India is prepared to bring a serious proposal to the table to address the issues related to trade and market access.The US in November last year revoked duty-free concessions on import of at least 50 Indian products, mostly from handloom and agriculture sectors, reflecting the Trump administration’s tough stand on trade-related issues with New Delhi. Also Read – Ensure strict implementation on ban of import of e-cigarettes: revenue to CustomsA senior State Department official said Friday that the US is proud to be India’s largest export market and most important economic partner. “But we have struggled with regulatory issues that get in the way of the ease of doing business and market access for American companies and products,” said the official. “Trade has frankly been an area of frustration in the relationship, but the door is open if India is prepared to bring a serious proposal to the table,” he said. Despite intensive engagement with the Government of India for nearly a year, India did not assure the US that it would provide equitable and reasonable access to its market, which led to its termination from the Generalised System of Preferences programme, the official said. Also Read – Coking coal shipments rise 15 pc to 29 MT at 12 state-run ports in Apr-Sep”While we were pleased that the growing US exports to India, largely crude oil and LNG, led to a 7.1 per cent reduction in our bilateral goods trade deficit last year, many structural challenges in our trade relationship have yet to be resolved,” said the senior State Department official. During the just concluded visit of the Foreign Secretary, while the focus was on strategic, defence and regional issues, in particular Pakistan and Afghanistan, but the visiting diplomat is believed to have been conveyed that the ball is in India’s court on resolving the trade related issues. The US is understood to have told India that the Trump administration is willing to review its decision to revoke its GSP privileges to India, if New Delhi comes with a credible proposal to address the market access issues that America has been talking about for nearly a year. The GSP notification is still within the 60 days period, after which the benefits would formally be withdrawn, it is reliably learnt that the US has told India that it is not too late. But it is unlikely to happen, given that India is now into an election campaign mode, officials on both sides said. While India argues that it is difficult to take any policy decision at this point of time because of the elections and the model code of conduct, American points out that it has decided to take its decision on revoking GSP privileges only after it exhausted all its options with India. During talks with India, America is believed to have said that “there are creative ways of solving” all the trade related issues that addressed concerns of both the countries.last_img read more

Kohli not shrewd franchise skipper cant be compared to Dhoni Rohit

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first_imgNew Delhi: Virat Kohli is not a “shrewd captain” who could be compared to his national team deputy Rohit Sharma or former skipper Mahendra Singh Dhoni, who have won three IPL titles each, feels former KKR captain Gautam Gambhir. The former India opener, who led Kolkata Knight Riders to two IPL trophies in 2012 and 2014, feels that in result oriented franchise environment, Kohli has been “lucky” to have survived despite Royal Challengers Bangalore (RCB) never winning the coveted title in his eight years as skipper. “I don’t see him as a shrewd captain. I don’t see him as a tactful captain (tactician). And he hasn’t won the IPL. So ultimately, a captain is only as good as his record,” Gambhir told on host broadcasters’ ‘Star Sports’ show ‘GamePlan’. Gambhir’s comments is specific to Kohli’s success as a leader in IPL since he is the first captain who has led India to a Test series win on Australian soil. “There are people who have won the trophy three times. MS Dhoni and Rohit Sharma. So I think he has a long way to go. You cannot compare him to someone like Rohit or Dhoni at this stage,” Gambhir said. “He has been a part of RCB, and captaining RCB for the last seven to eight years, and he has been very lucky and should be thanking the franchise that they stuck with him. Because not many captains have got such a long rope where they haven’t won a tournament,” said Gambhir, who had to part ways with KKR in 2018 after seven long years and two titles.last_img read more

Fiscal deficit crosses 134 of budget estimate at Febend

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first_imgNew Delhi: The country’s fiscal deficit touched 134.2 per cent of the full-year revised budgeted estimate at the end of February 2019, mainly due to tepid growth in revenue collections, official data showed Friday. In absolute term, fiscal deficit for April-February 2018-19 was Rs 8.51 lakh crore as against the revised estimate (RE) of Rs 6.34 lakh crore for the entire year, according to Controller General of Accounts (CGA) data. However, Economic Affairs Secretary S C Garg told reporters that the government is committed to restrict the fiscal deficit at 3.4 per cent of the Gross Domestic Product (GDP) as envisaged in the Budget. Also Read – Thermal coal import may surpass 200 MT this fiscalThe CGA data revealed that revenue receipts of the central government was Rs 12.65 lakh crore or 73.2 per cent of the revised budgetary estimate (BE) at February end. In the same period last fiscal, the revenue collection was 78.2 per cent of the estimates. The government’s tax revenue stood at Rs 10.94 lakh crore and non-tax revenue was Rs 1.7 lakh crore. Total expenditure incurred by the government during April-February 2018-19 was Rs 21.88 lakh crore (89.08 per cent of RE), of which Rs 19.15 lakh crore was on revenue account and Rs 2.73 lakh crore on capital account. Out of the total revenue expenditure, Rs 5.01 lakh crore was on account of interest payments and Rs 2.63 lakh crore on major subsidies. Meanwhile, the finance ministry in a statement said that Rs 5.96 lakh crore has been transferred to the state governments as devolution of share of taxes by the central government up to February, which is Rs 67,043 crore higher than the corresponding period of last year 2017-18.last_img read more

BSF jawan commits suicide

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first_imgBalurghat: An on duty BSF jawan recently committed suicide at Hili border outpost at the India-Bangladesh border in Hili police limits in South Dinajpur district. He allegedly shot himself with his service gun.Sagar Gouda, 31, was the resident of Orissa, said a BSF source. Hili police have sent his body to Balurghat district hospital for postmortem. The cops could not determine the motive of suicide. Over the past few years, the jawan had been posted in Hili border outpost under 199 of BSF Battalion. According to the BSF source, other jawans rushed to the incident spot after hearing the gunshot sound. Gouda was immediately taken to the Hili health centre where the doctors declared him brought dead. According to preliminary investigation, Gouda took the extreme step as he had been suffering from some mental illness. The police have started investigation in the case and the family members of Gouda have been informed .last_img read more

HC stays till Apr 8 interim fee hike by pvt unaided schools

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first_imgNew Delhi: The Delhi High Court Wednesday stayed till April 8 interim hike in fees by private unaided schools in the national capital on a plea of the AAP government challenging its single judge order allowing the same.A bench of Justices S Muralidhar and I S Mehta also issued notice and sought response of Action Committee Unaided Recognised Private Schools, in which a number of private schools are members. The Delhi government on Tuesday had challenged in the HC its single judge order allowing private unaided schools in the national capital to go ahead with the interim hike in fees to implement the recommendations of the Seventh Central Pay Commission on salaries of teachers and other employees. Also Read – After eight years, businessman arrested for kidnap & murderThe single judge on March 15 had permitted the interim fee hike by quashing a Delhi government circular of April 13 last year, which had prohibited private unaided schools functioning on government land from hiking tuition amounts without approval of the Directorate of Education (DoE). The government order was selectively applied to private schools which were on government land and as per a ‘land clause’ in the lease agreement, they needed to seek prior approval of the DoE before hiking fees. Also Read – Two brothers held for snatchingsThe division bench on Wednesday said that till April 8, the next date of hearing, none of the ‘land clause’ schools will proceed to collect the interim hiked fee. It also asked the Delhi government to produce on the next date, the orders passed by it on the proposals given by different ‘land clause’ schools for hiking fees. The Delhi government, through its standing counsel Ramesh Singh and additional standing counsel Santosh Kumar Tripathi, said the findings of the single judge that the interim fee hike was perfectly in order in view of an earlier order of the high court is “ex-facie unsustainable”. Seeking to set aside the order of the single judge, the government said the court had erred in holding that no prior approval of DoE was required in case of interim fee hike as the same was not an act of fee increase by the school, but a dispensation by the department itself. “The single judge failed to appreciate the interim fee hike as contemplated in the circular of October 17, 2017 could not have obviated the mandatory requirement of prior approval in DDA land clause cases, even though, the same was a dispensation by the DoE as the said dispensation was merely an interim measure subject to detailed scrutiny and prior approval of the DoE once the accounts of the schools have been scrutinised,” the Delhi government said in its appeal. Meanwhile, Chief Minister Arvind Kejriwal Wednesday hailed the Delhi High Court’s order staying the interim hike in fees by private unaided schools in the city till April 8. Deputy Chief Minister Manish Sisodia also welcomed the court’s order. “Delhi government, in it audit report of schools that were willing to increase their fees, found that they had excess money than they were spending. Delhi has an honest government which understands the pain of parents. Schools have a right to charge fees according to their expenditure but this government will not allow them to increase their arbitrarily,” he posted on Twitter. Kejriwal tweeted there was anger among parents due to the fee hike but the AAP government appealed in the High Court.last_img read more

Children missing DCPCR identifies 50 vulnerable areas

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first_imgNew Delhi: The Delhi Commission for Protection of Child Rights has identified 50 areas from where the cases of missing children are regularly reported. The child rights body with the help of local volunteers will raise awareness on the menace.According to DCPCR, earlier they had mapped 20 areas depending on the report of missing cases. But recently they found some new places from where children go missing regularly. Samrah Mirza, member of child rights body, said that they have taken data from Delhi Police regarding the issue and identified the areas vulnerable to kids. “Through our Bal Suraksha Mitra, we are creating awareness in the vulnerable areas and also assisting the family in need, “said DCPCR member. Also Read – After eight years, businessman arrested for kidnap & murderAccording to the commission, earlier they had conducted a comprehensive study from 2015 to 2017 and found that Ranhola, Narela, Samaypur Badli, Shahbad Dairy, Jaitpur, Neb Sarai, Khajuri Khas, Sagarpur, Jahangirpuri, Bhalswa Dairy, and Mehrauli were among 20 areas prone to missing children cases. The commission claimed that areas including Gandhi Nagar, Malviya Nagar, Jamia Nagar, Burari, Chhawla, Najafgadh, Okhla, Sonia Vihar, New Usmanpur, Punjabi Bagh are among the 50 places from where the missing cases are being reported. Also Read – Two brothers held for snatchingsDCPCR official said that they regularly visit the area and meet the families to make them aware about the menace. The Bal Suraksha Mitra sends a report to the child rights body in cases where the missing/kidnapped children family feels handicapped or requires assistance. According to Delhi Police data, around 1,177 cases of missing children have been registered in the city in just 74 days. Police sources told Millennium Post that up to March 15, as many as 585 kids were traced whereas 592 children are still missing. As many as 1,080 kidnapping cases were reported in which 315 were solved and 60 persons involved in the crime arrested. As per the analysis, in most of the cases, children go missing due to reasons like parents not being at home, academic pressure, losing their way, elopement.last_img read more

Oil hits 5month high above 71 on Libyan supply threat worries

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first_imgLONDON: Oil hit a five-month high above $71 a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply, although Russian comments signalling willingness to pump more dampened the rally. Supply curbs led by the Organization of the Petroleum Exporting Countries have underpinned a more than 30 per cent rally this year for Brent crude, despite downward pressure from fears of an economic slowdown and weaker demand. Also Read – Thermal coal import may surpass 200 MT this fiscalBrent, the global benchmark, rose to $71.34 a barrel, the highest since November, and by 1046 GMT or 4:16 pm IST was down 3 cents at $71.07. US crude also hit a November 2018 high of $64.79 and was later up 6 cents at $64.46. “The mood is increasingly turning bullish, but several feedback loops are about to start spinning that stand in the way of a prolonged oil rally,” said Norbert Ruecker of Swiss bank Julius Baer. “Russia already signalled its willingness to raise oil output from June. Fuel remains costly in emerging markets, with soft currencies adding to high oil prices.” Russia, a participant in the OPEC-led supply cuts that currently expire in June, signalled on Monday it wanted to raise output when it meets with OPEC because of falling stockpiles. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostEnergy Minister Alexander Novak said on Tuesday there would be no need to extend the supply-curbing deal if the market was expected to be balanced in the second half of the year. US sanctions on Iran and Venezuela have deepened the OPEC supply cut and concern has grown this week about the stability of Libyan output. The OPEC member pumps around 1.1 million barrels per day (bpd), just over 1 per cent of global supply. “The oil market is already undersupplied, so if supply from Libya also falls away the supply deficit will become even bigger,” said Carsten Fritsch, oil analyst at Commerzbank. On Monday, a warplane attacked Tripoli’s only functioning airport as eastern forces advancing on the Libyan capital disregarded international appeals for a truce. Yet despite generally bullish sentiment, concerns that an economic slowdown this year will hit fuel consumption have been preventing crude prices from rising even higher, traders said. Recent increases in US crude inventories have also put a lid on gains. US crude stocks are forecast to have risen by 2.5 million barrels last week, the third straight weekly addition. The American Petroleum Institute, an industry group, issues its supply report at 2030 GMT, ahead of Wednesday’s official figures.last_img read more

Manoj Tiwari holds roadshow in Delhi

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first_imgNew Delhi: Delhi BJP President Manoj Tiwari, who is re-contesting from the North East Delhi Lok Sabha seat, on Saturday held a massive roadshow here. Tiwari, who is pitted against Delhi Congress chief and three-time Chief Minister Sheila Dikshit and Aam Aadmi party’s Dilip Pandey, kicked off the 15 km-roadshow from MIG flats in north east Delhi to Loni road, covering areas like Shahdra, Jagatpuri and Mansarovar park. Hundreds of BJP supporters participated in the roadshow and raised slogans in favour of Prime Minister Narendra Modi. Also Read – CM urges Delhiites to help accident victims The traffic in the area came to a standstill as people thronged on the streets to get a glimpse of the Bhojpuri actor and singer. Tiwari had held a similar roadshow in his constituency while filing his nomination earlier this week. The elections on all the seven seats in the national capital is scheduled on May 12, in the sixth phase of polling. The BJP, which won all the seven seats in 2014, is facing a triangular fight in the city as the talks of alliance between the AAP and Congress failed.last_img read more

Living alone ups risk of mental disorders

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first_imgMental disorders are more common in people who live alone, regardless of their age and sex, according to a study. Researchers noted that the number of people living alone has increased in recent years due to population ageing, decreasing marriage rates and lowering fertility. Previous studies have investigated the link between living alone and mental disorders but have generally been conducted in elderly populations and are not generalisable to younger adults. Also Read – An income drop can harm brainThe latest study used data on 20,500 individuals aged 16-64 living in England who participated in the 1993, 2000, or 2007 National Psychiatric Morbidity Surveys. “Living alone is positively associated with common mental disorders in the general population in England,” Louis Jacob from University of Versailles Saint-Quentin-en-Yvelines said in a statement. Whether a person had a common mental disorder (CMD) was assessed using the Clinical Interview Schedule-Revised (CIS-R), a questionnaire focusing on neurotic symptoms during the previous week. Also Read – Shallu Jindal honoured with Mahatma AwardIn addition to the number of people living in a household, data was available on factors including weight and height, alcohol dependence, drug use, social support, and loneliness. The prevalence of people living alone in 1993, 2000, and 2007 was 8.8 per cent, 9.8 per cent, and 10.7 per cent. In all years, all ages, and both men and women, there was a positive association between living alone and CMD, researchers said. In different subgroups of people, living alone increased a person’s risk for CMD by 1.39 to 2.43 times. Overall, loneliness explained 84 per cent of the living alone-CMD association, they said. The researchers suggest that interventions which tackle loneliness might also aid the mental wellbeing of individuals living alone. Globally, the lifetime prevalence of CMDs is around 30 per cent. CMDs have a major impact on quality of life, physical illness and mortality. In the past decades, there has been a growing interest in the association between living alone and CMDs, researchers said. This is partly driven by the fact that in many settings, the proportion of individuals living alone is increasing due to factors such as population ageing, lowering fertility, decreasing marriage rates, and increasing divorce rates.last_img read more

Omar Little Chef of the Moroccan Web

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By Safaa KasraouiRabat – April 2, 2017 was certainly an unforgettable moment for Omar Archane, an 11-year-old boy suffering from Muscular Distrophy who brought home the top Moroccan web award: The Person of the Year.For two months Omar campaigned across a wide range of public to vote for him ahead the Morocco Web Awards ceremony which was held at the Studio of Living Arts, in Casablanca. He received the award for his series of culinary videos, broadcast over his social media accounts. In the videos, the young-cook instructs his followers with easy homemade recipes on his YouTube channel and Facebook page. He’s been broadcasting for a couple of years now.First Dish Posted by MumAt the age of 8, Chef Omar’s mother proudly filmed her son while he busily created an easy-to-prepare dish. She posted his first video on Facebook after convincing him to share his culinary expertise with the public. That is when his culinary adventure began. Thousands of online users are now following this young culinary star. Chef Omar has more than 75,000 likes on his Facebook page and 4,953 subscribers on his YouTube Channel.The young amateur chef has succeeded in revisiting some classic international recipes including Spanish Tortillas, French Salad Niçoise, Moroccan Briouates and East-Asian Sushis.“I am different as you”For his part, young optimistic chef Omar has attempted to convey inspiring messages in different languages, delivered in English, French and Arabic via his videos. One of the most touching messages he recorded was posted on August 8, 2016 and has received 4,958-views. “I always have to be positive and keep a smile, even if my disability stops me for certain things, I do not give up anything until I try, and it is my attitude to the issues that I face in my daily life that. That’s the positive attitude,” Omar said.Omar’s mother has told the press that his biggest dream is to go further in the culinary field, adding that he would love to be an internationally recognizedchef. His dreams, however, are not limited to cooking. Omar is also a big football fan, a sport that his physical disability prevents him from practicing as he desires. That does not prevent him from watching football games, especially those of Barcelona. Omar also aspires to become a football manager, or at least work in a field related to football.Omar usually posts a little statement for his Facebook fans and publishes a recipe of his own creation once a week. His videos are receiving the admiration of many followers who leave him comments encouraging him to hold on to his dreams.On his Facebook homepage, Omar is featured in a powerful message; “I am no different from YOU but I am different as you.” read more

Researcher Urge Morocco to Promote its Islam in Europe to Prevent

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Rabat – While the Europe’s latest terrorist incidents have triggered a wave of racist attacks and violence against Moroccan Muslims, Driss El Ganbouri, a writer, politician, and Islamic Studies researcher, has blamed Morocco of not sufficiently promoting its cultural and religious values among the Moroccan diaspora in Europe.Several Muslims, including Moroccan nationals, have experienced verbal and physicalracist assaults following the recent terror attacks in Spain, Finland, and Belgium.During an interview with Moroccan news outlet, Hespress, El Ganbouri explained thatthe latest attacks have worsened the diaspora’s situation in Europe. He emphasizedthat such terrorist acts have distorted the image of Moroccans living abroad, givingnegative impressions about Islam and Moroccans. El Ganbouri, who is also a politician and writer, went on to add that “human behaviorsare measured nowadays through specific criteria, including ethnic affiliation, culturalbackgrounds, and religious values,” an issue which has “unfortunately become atendency in the modern European culture.”The researcher pointed out also how exclusionary policies might pose a threat to thestability of the European countries. “Convicting a certain nationality or a specificcategory of immigrants because of crimes committed by other delinquents might leadto a kind of social and cultural exclusion among a category of people that represent alarge community in Europe,” he said.“This exclusion might increase extremism among people under pressure as apsychological reaction.”El Ganbouri said that Europeans do not want to admit the failure of their integrationpolicies and the mistakes they have made in managing immigration issues. “Therefore,”he said, “they [Europeans] resort to blaming foreigners for their mistakes.”The politician said that it is impossible to exclude Morocco from responsibility. Ganbouribelieves that the kingdom did not pay much attention to its diaspora, and wasinterested in economic matters more than anything else.“The kingdom delayed the issue of Moroccan immigrants, and has been dealing withthem in the past decades as a workforce who work in the European stocks and comeback every summer to rest after a long year of hard work,” he said. “Morocco is moreinterested in the immigrants’ hard currency instead.”El Ganbouri claimed that the kingdom did not invest in the cultural, social, and religiousneeds of its diaspora, leaving its emigrants to deal with these issues by themselves.“This approach was undertaken only recently under the instruction of Europeangovernments in order to fight extremism.”He continued that “while Morocco neglects its diaspora’s issues, there were other Araband Muslim countries moving in full swing to handle the problems of its citizens. Today,Morocco is far behind these countries.” read more