Month: September 2021

Square Mile roadworks are a necessary evil

first_img Share KCS-content LAST week, London First published a report entitled “Road Sense”, looking at how to best strike a balance between the costs and benefits of works taking place on the streets of London.As anyone who visits the City with any degree of regularity will be able to testify, streetworks (for, traditionally, there are no highways called “roads” in the City) can be incredibly frustrating. However, these projects are vital to the City’s continuing competitiveness as a centre for international finance.The City’s transport network is a key component of its competitive offer and requires constant attention. Of course high impact schemes such as Crossrail and tube upgrades are central to this and generate a lot of publicity – not to mention lots of holes in our streets – but the smaller projects, designed to keep our streets running smoothly and in good condition are equally important.We must also be aware that the City’s streets not only provide transport links above ground but that they act as conduits for the vital utilities on which firms based in the Square Mile are so reliant.If the City cannot provide businesses with the latest technology, providing faster, more consistent internet coverage and greater efficiency savings then they will start to look at other business districts that can. Put simply, it is impossible to maintain a world class business district by standing still.By liaising with other London authorities, TfL and the utility and construction companies themselves, City of London employees continue to work tirelessly coordinating and planning streetworks in order to minimise the disruption caused to City life.Unfortunately, such long term planning cannot solve all our problems. There will always be urgent works that cannot be accounted for – especially on such an ancient street network.The City of London’s website provides a comprehensive map of current and future streetworks that is well used by City firms and City residents but we understand there is always room for improvement and are looking to provide clearer “on street” signage. By providing more detailed and easily accessible information, and by promoting smarter streetworks practices, we are trying to strike a balance between the long-term interests of the City and the immediate priorities of City workers, residents and tourists.What we do not want to do, and indeed what we simply cannot afford to do, is to discourage firms from undertaking work that – in the long run – will help us to maintain a world-class business environment.Stuart Fraser is the Policy Chairman at the City of London Corporation Show Comments ▼ whatsappcenter_img Square Mile roadworks are a necessary evil whatsapp Sunday 22 August 2010 9:51 pm Tags: NULLlast_img read more

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Shoppers hit cards again ådespite economic gloom

first_imgThursday 16 September 2010 8:26 pm whatsapp KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof SHOPPERS are splashing out with their credit and debit cards at a near-double digit rate, figures showed yesterday. Card users put 9.2 per cent more on plastic last month than they did in the same month of the previous year.August was the fourth month in a row during which the annual rate of growth was more than nine per cent compared with the previous year – suggesting that cash-strapped consumers are not reducing their spending despite a looming programme of government cuts.The index, based on transactions processed by Barclaycard Global Payment Acceptance, showed that sales, discounts and back-to-school spending had helped keep the retail sector buoyant during the month. The rising cost of food and cotton may also be starting to filter through into prices, further boosting spending levels, according to the research. Earlier this week Next said its clothes prices could rise by up to five per cent.But spending during August itself dipped slightly compared with July, falling by 1.9 per cent.The group partly attributed this to the fact that many shops started their summer sales in that month.Stuart Neal, head of Barclaycard UK Payment Acceptance, said: “With leading retailers warning that the government austerity drive will keep the economy in the doldrums and hit consumer confidence hard, it is good to see a fourth month of increased spending. While there is some cause for viewing the near future with a certain amount of trepidation, recent indicators are good. Confidence remains relatively high, but it will be important to see how spending fares when public spending cutbacks begin to hit people’s pockets, and not just the headlines.” whatsapp Tags: NULLcenter_img Show Comments ▼ Shoppers hit cards again ådespite economic gloom by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Sharelast_img read more

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Prudential denies strategic review talk

first_img Show Comments ▼ Tags: NULL Sunday 3 October 2010 10:23 pm Video Carousel – cityam_native_carousel – 426 00:00/00:50 LIVERead More Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndo whatsapp Sharecenter_img whatsapp Prudential denies strategic review talk KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap PRUDENTIAL has dismissed suggestions that a strategic review had suggested it should sell its US division and focus on its Asian business.A report in a Sunday newspaper suggested the insurer had called in its broker Goldman Sachs to carry out a strategic review of the business to ease investor concern about its inherent value. The review was believed to suggested that if the insurer needed to dispose of an asset it should sell its US operation rather than its Asian business.But a spokesman for Prudential said no such review had been conducted adding: “As part of our normal planning process we routinely seek external advice. That is normal for Prudential and it is inaccurate to say that is a strategic review. It is not.”Prudential has had a difficult year after a $35.5bn (£22.5bn) bid for AIA, the Asian business of American International Group, fell through. The Insurer was forced to lower its initial offer for AIA following shareholder concern that it overvalued the company. Some shareholders are believed to have been angered by the way the bid process for AIA was handled. The bid is estimated to have cost the company $450m. last_img read more

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Bellway sales hit by government cuts

first_img Housebuilder Bellway reported full year results in line with expectations with uncertainty around the government’s spending review hitting sales.“Sales in the early part of what is traditionally an active autumn selling period have picked up, albeit only slightly, following the usual summer lull,” chairman Howard Dawe said.“It seems that potential homebuyers are awaiting the outcome of the Comprehensive Spending Review,” he added.A stagnant housing market will add to the gloom of the coalition government’s austerity measures, with spending cuts to be announced on Wednesday.Bellway, the UK’s fifth largest housebuilder by market value, reported a pretax profit of £44.4m in the 12 months to end July compared with £29.8m in 2009.Market expectations had ranged between £41.5 and £49m.Fears of a slowdown have been cemented in the past month as weak house price data has reinforced anecdotal stories of a stagnant housing market.House prices suffered their sharpest fall in 16 months in September according to the Royal Institution of Chartered Surveyors, as home owners rushed to sell before painful public spending cuts kick in next year.This came a week after mortgage lender Halifax reported the sharpest drop in house prices on record in September. John Dunne More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comPuffer fish snaps a selfie with lucky divernypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Bellway sales hit by government cuts whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timescenter_img Share Tags: NULL Tuesday 19 October 2010 3:41 am whatsapp Show Comments ▼last_img read more

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US government scrambles to limit damage from WikiLeaks

first_img Sunday 28 November 2010 9:54 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share WHISTLEBLOWER website WikiLeaks yesterday released a cache of classified documents that left the US government scrambling to limit the damage.The 250,000 US diplomatic cables, which have been sighted by newspapers around the world, provided candid views of foreign leaders and sensitive information on terrorism and nuclear proliferation.Reports say the documents show Saudi donors remain chief financiers of militant groups like al Qaeda and that Chinese government operatives have waged a coordinated campaign of computer sabotage targeting the United States and its allies.They also criticise UK military operations in Afghanistan and David Cameron before the general election. Yesterday the White House condemned WikiLeaks’ “reckless and dangerous action”, saying it could endanger lives and risk hurting relations with friendly countries.“When the substance of private conversations is printed on the front pages of newspapers across the world, it can deeply impact not only US foreign policy interests, but those of our allies and friends around the world,” said spokesman Robert Gibbs by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raider Show Comments ▼center_img US government scrambles to limit damage from WikiLeaks whatsapp whatsapp KCS-content Tags: NULLlast_img read more

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Hunt unveils broadband plan

first_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Hunt unveils broadband plan Monday 6 December 2010 7:37 pm whatsapp KCS-content Share BRITAIN should have a digital hub in every community to help it build Europe’s best broadband network by 2015, which could create up to 600,000 new jobs and add £18bn to GDP, the government said yesterday.Culture ministers Jeremy Hunt and Ed Vaizey, announcing an extra £50m for broadband pilots in remote and rural areas, said former state telecoms monopoly BT and local communities could both play key roles.Britain currently ranks 10th in Europe in terms of fixed-line broadband penetration, according to the Organisation for Economic Cooperation and Development.Hunt said the government’s £830m investment should stimulate the private sector to follow suit and said local communities should organise the delivery of superfast broadband from the digital hubs to individual users.“We want to do more than bridge the digital divide,” Hunt and Vaizey said in a strategy document.About four-fifths of British fixed broadband connections are via digital subscriber lines (DSL), according to the OECD, with the remainder via cable provided by the likes of Virgin Media. The average connection speed is 5.2 megabits per second (Mbps).The coalition, which has delayed the previous government’s commitment to universal coverage of 2 Mbps to 2015 from 2012, said the criteria it would use to judge its performance in delivering the “best” network were still in development. whatsapp Tags: NULL Show Comments ▼last_img read more

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BP came close to oil rig disaster in Azerbaijan, according to cable

first_img Share whatsapp Thursday 16 December 2010 8:54 pm BP came close to oil rig disaster in Azerbaijan, according to cable by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com whatsappcenter_img KCS-content Show Comments ▼ BP narrowly averted a disaster in Azerbaijan similar to that in the Gulf of Mexico, according to WikiLeaks cables released yesterday.The cables show that the reported “subsurface gas release” in September 2008 was also accompanied by a blowout of a gas injection.BP’s partners in the gas field were angered that the incident attracted little media coverage and accused BP of being secretive and withholding information from the US authorities.The company was said to be “fortunate” that it was able to evacuate 212 workers safely at the Azeri-Chirag-Guneshi fields in the Caspian Sea, said the cables.The incident closed two fields and cut production by at least 500,000 barrels a day for months, costing the Azerbaijan government an estimated $40m (£25.6m) to $50m (£32m) a day.BP insists that it “continues to have a successful and mutually beneficial partnership” with the government of Azerbaijan. “We meet and discuss business related matters with relevant parties including our partners,” it said. Tags: NULLlast_img read more

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Fiat in crucial week of Italian union talks

first_img Show Comments ▼ ITALIAN carmaker Fiat has entered a crucial week of talks over the future of its historic Mirafiori plant ahead of a self-imposed Christmas deadline to decide whether to stick to planned investments.Fiat unveiled a plan at the end of November to invest more than €1bn (£840m) in its Turin Mirafiori plant to build top-range SUVs if unions agreed to more flexible shifts.The plan was part of chief executive Sergio Marchionne’s “Fabbrica Italia” project under which Fiat may invest €20bn in loss-making Italian plants to boost productivity.However, talks between Italy’s top industrial group and unions over a plan to relaunch Mirafiori stalled over a labour contract dispute.Union representatives said at the time unions were split, with some ready to sign the deal, some asking for more time and the left-leaning Fiom union against it.“We are not against a separate contract for the car sector,” said Luigi Angeletti, secretary general of moderate trade union Uil said yesterday.“But drafting takes time and we need to reach a deal on Mirafiori by the end of the week.” Tags: NULL KCS-content whatsapp Sharecenter_img Monday 20 December 2010 7:43 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof whatsapp Fiat in crucial week of Italian union talks last_img read more

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AIG rallies on hopes of recapitalisation deal

first_img Share alison.lock whatsapp AIG rallies on hopes of recapitalisation deal Bailed-out US insurer American International Group is likely to complete its recapitalisation next week, sources have said, pushing its shares to fresh highs on hopes it is approaching a deal.AIG has said its board has approved the issue of warrants to buy 75 million shares of common stock, conditional on all the parties to the recapitalisation agreeing it can close by 14 January.While that does not in itself guarantee the deal will close next week, it was one of the last key steps to finish the transaction. AIG said it will issue a statement on 12 January disclosing whether all the parties have agreed the deal can close by 14 January.Sources believe the AIG board’s approval of the warrant issue showed the highest degree of confidence that the deal will close next week.Under the terms of the deal, the Federal Reserve Bank of New York will be repaid in full and the US Treasury Department will be left with a 92.1 per cent stake in AIG.The government has been contemplating two stock offerings this year to sell most of that stake, with the rest likely to be sold in 2012.Reuters sources said AIG is targeting this March for the first share sale, but due to the complexity of the situation a sale in May was more likely.Linus Wilson, a professor of finance at the University of Louisiana at Lafayette, estimated on Friday the taxpayers’ paper profit on the AIG deal could come to $35.6bn (£23bn) if the warrants trade at the price he expects.AIG shares rose 1.9 per cent to $61.58 in early trade, off earlier highs of $62.86. Friday 7 January 2011 11:52 am Tags: NULL whatsapp Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Show Comments ▼last_img read more

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Europe to share audit info globally

first_imgWednesday 19 January 2011 8:07 pm whatsapp Tags: NULL whatsapp Show Comments ▼ Share KCS-content MICHEL Barnier, the EU markets commissioner, stepped up efforts yesterday to extend scrutiny of auditors beyond the borders of the European Union.In a bid to ensure EU states access to more information about the audits done on major companies, the internal market and services commissioner has added ten non-EU states, including China, Switzerland and the US, to a list of countries that will cooperate with EU members on oversight of auditors. The move is designed to tighten the net over audit practices in the wake of the financial crisis, in which financial institutions and companies given a clean bill by their auditors subsequently failed.“With auditing now moving beyond national borders, there is a need for effective global auditor oversight,” the markets commissioner’s office said.Barnier said the decision was taken against a backdrop of improvements to the audit market. “International cooperation on auditor oversight is crucial to avoiding the overburdening of audit firms and duplicating supervisory work, and above all, to promoting a high degree of investor protection by ensuring high quality audits,” he said.The ten countries joining the 27 EU states were selected because their audit oversight systems are at a comparable level. These are Australia, Canada, China, Croatia, Japan, Singapore, South Africa, South Korea, Switzerland and the US.The commission has also identified a further 20 states that are taking steps to reach an equivalent level and could be included in the information sharing agreement in future. These include Abu Dhabi, Egypt, India, Russia and Thailand. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap Europe to share audit info globally last_img read more

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