Month: August 2020

first_imgThe United Nations has named Josette Sheeran, the head of the World Food Programme (WFP) as a high-level envoy for Haiti who will develop a comprehensive fund-raising strategy to finance its plans to deal with the cholera outbreak in the country.UN Secretary General Antonio Guterres says Sheeran has accepted a salary of one US dollar per year to be fully engaged in fundraising.Last week, UN Deputy-General Secretary Amina J. Mohammed told member states that only US$2.7 million had been raised in dealing with the epidemic that has resulted in the death of thousands of people.He said that only US$183,000 was leftIn February, Guterres wrote to member countries asking if they intended to make voluntary cholera contributions and received a lukewarm response.He is reported to be asking countries to turn over US$40.5 million to the cholera fund, money that will be left over when the mission in Haiti ends.The UN has not accepted responsibility for the introduction of the disease in Haiti even though scientific studies have traced it to Nepalese soldiers that were stationed near a river in the rural town of Mirebalais in the Central Plateau region after the devastating 2010, earthquake.Sheeran, a former US State Department official,  has experience in attracting world attention to burgeoning problems. In 2008, as food prices dramatically increased, she warned of a worldwide food crisis and heavily lobbied the United States and other governments for additional aid.Haitian President meets with Mike Pence in Miamiwww.caribbeannationalweekly.comlast_img read more

first_imgGovernment minister says reports are falseHaiti has denied reports that it intends to impose a tax on nationals returning to the country.On Tuesday, Minister of Haitians Living Abroad (MHAVE), Stéphanie Auguste, told reporters there was no truth to the reports circulating in the diaspora that all Haitians abroad would be required to pay US$86 and a flat-rate income tax of 10,000 gourdes.Auguste also dismissed suggestions that the new fiscal measures were included in the draft budget for 2017-2018.Speaking in the presence of Economy and Finance Minister, Jude Alix Patrick, Auguste said “there is no question of paying $86  on arrival in Haiti, neither to the Consulates nor to the Embassies of Haiti for the request of a public service.“The question of the income tax does not refer particularly to the diaspora, it concerns all Haitian or any national of other countries undertaking transactions in Haiti that involve income, importing goods, selling land, buying / selling a vehicle, or claiming the issuance of a passport…”The authorities said that citizens whose annual income is less than 60,000 gourdes are not subjected to the payment of the tax.However, they said it is necessary to present the certificate of filing of final declaration to conclude certain transactions.They warned that any citizen not in a position to present it, at the time of a transaction or a public service which requires this document, will have to pay the lump sum of 10,000 gourdes, as provided for in the draft budget for 2017-2018.“It would, therefore, be in the interest of citizens to make their final tax return annually at the prescribed time,” the minister said.last_img read more

first_imgMinister without Portfolio in the Ministry of Finance and the Public Service, Fayval Williams says the increase in local demand for the US dollar in recent weeks, has resulted in further depreciation in the value of the Jamaican dollar against its counterpart.The Bank of Jamaica’s website indicated that the rate stood at J$133 to US$1 on Wednesday.Businesses purchasing more US dollarsAddressing a post-Cabinet press briefing at Jamaica House, Williams explained that more companies are looking at their debt structures and purchasing US dollars to service these, as interest rates in the local market decrease.“They are looking at their debt structure because a lot of companies have US-dollar debt on their books. As rates converge in the local market, it is advantageous for them to change out those US dollar loans into Jamaican dollar loans which is excellent,” she said.Williams explained that this move reduces a company’s risks to foreign exchange exposure, “but in executing these transactions, what actually happens is that the companies have to go into the market to buy the US dollars to repay the loans, and that causes increased demand.”Significant increase in imports She said another factor driving the slide in the value of the Jamaica dollar is the significant increase in imports this year, compared to 2017.“The economy is growing. We need to import more in terms of inputs for the production process. When we look at the data, we see that mineral fuels and transport equipment, chemicals, manufactured goods and food are leading the increase in imports,” Williams said.She said she anticipates the foreign exchange market will “work its way out.”last_img read more

first_imgThe Trayvon Martin Foundation will hold its 7th Annual Peace Walk on February 9th  followed by the Remembrance Gala on February 10th.The Peace Walk is a community engagement activity, where youth, community leaders and celebrities can engage in honest and informative discussion pertaining to empowering our youth and overcoming violence in our neighborhoods.On February 10th the foundation will host the Remembrance Weekend with a star studded Gala to honor the community’s  civic leaders and heroic individuals.last_img read more

first_imgSOUTHAMPTON, England – Injury-plagued all-rounder Andre Russell will be fit to face England in Friday’s crucial World Cup encounter at the Rose Bowl, despite missing the rain-abandoned match against South Africa on Monday.West Indies head coach Floyd Reifer confirmed that Russell was left out of the clash with the Proteas as a “precautionary measure”, with the view of getting him in the best shape to face the tournament hosts.“Andre will be fit enough for the game on Friday. The game against England is a big game for us,” said Reifer.“We are looking forward to that game. Looking at the weather forecast [for Monday’s game], it was 90 per cent rain [in the forecast] and they had rain over the last couple of days here as well. So, it is just a precautionary measure where we are kind of wrapping him in cotton wool.”Russell has been bothered by a chronic knee problem in recent years which has limited his participation in the longer formats. He was picked primarily as a batting all-rounder for the World Cup but has had a major impact, bowling with pace and hostility in short spells against Pakistan and Australia.He sent down eight overs against Australia and appeared in discomfort in the latter stages of that outing.Evon Lewis also bothered by injuryOpener Evin Lewis has also been bothered by injury and has played in just one game of the tournament. He suffered a blow to his hand ahead of the Windies opener against Pakistan and was ruled out of the fixture.Even though he returned for the Australia clash last week, he subsequently missed the South Africa game after the injury resurfaced.“Evin got struck on his hand in one of the practice sessions so he is still getting some pain, some severe pain from it as well,” Reifer explained.“So he played the last game [against Australia], but he is still having some pain in his hand.”last_img read more

first_imgMeet Donnie Boston, MA  – OneUnited Bank, the largest Black-owned bank in Miami, Florida and the U.S., recently announced the winners of its 9th annual “I Got Bank! Youth Essay & Art Contest.” Participation in the contest reached a 9-year high with essay and art submissions from thirty states and the District of Columbia. Each of the ten (10) youth contestants were awarded a $1,000 savings account for a winning essay or piece of art on financial literacy.The Winners The winners who all expressed their financial literacy journey in very creative ways, included Patrick Sweet, 11 of Miramar, Florida. The other winners are:  Sabreen A. El-Amincluded in, 12, Pasadena, CA, Kristian Flakes, 11, Pearland, TX, Precious Fofana, 8, Hyde Park, MA, Zaiderick Hayes, 12, Birmingham, AL, Arielle Johnson, 12, Davenport, IA, DeAsia Mauldin, 11, Compton, CA, Xavier Nelson, 12, Moseley, VA, Arabia Roberts, 12, Washington, DC, and David Wines, 10, and Des Moines, IA. The panel of judges included Teri Williams, the bank’s President & Chief Operating Officer.“I Got Bank” – The bookWilliams, who wrote the book I Got Bank! after she discovered the lack of books geared toward educating urban youth about financial literacy said, “This year we were excited to see the volume and diversity of submissions and were inspired by all the essays and art. Congratulations to our winners and their families for appreciating the importance of financial literacy.”The “I Got Bank!” youth essay & art contest is part of a larger OneUnited Bank initiative to educate youth and adults about smart money management. I Got Bank! was offered at no cost to libraries and middle schools across the U.S. and to date, more than 3,000 copies have been donated in 37 states. In 2018 and 2019, OneUnited Bank held a 3-city book give away, where Ms. Williams provided free autographed books to over 800 families.OneUnited Bank has also launched its Financial Education Center with online playlists on Financial Basics, Major Life Decisions, Starting a Career, Small Business and Preventing Elder Fraud. OneUnited Bank hopes its efforts will improve the financial skills of children and adults throughout the country. The “I Got Bank” Essay & Art Contest will celebrate its 10-year anniversary in 2020. To learn more about past winners, please visit the OneUnited Bank Financial Literacy Blog.I Got Bank! is published by The Beckham Publications Group, Inc. ( ).last_img read more

first_imgChase Carey, Executive Chairman & CEO of the Formula One Group]In recent days, immense pressures have mounted on Liberty Media not only to save the future of British GP, also to do something about the escalating fees of hosting formula one races.Speaking on a radio show on Sunday in Lagos, Okao Oduagbon, President of Motorcycle Sports Club of Nigeria bemoaned the high cost of hosting formula one races and expressed fear about formula one losing some of its heritage races in places where there is genuine interest for the sport.“The cost of hosting formula one race is ‘killing’ and formula one stands the risk of losing places like Monza, Malaysia in the nearest future,” explained Oduagbon.Oduagbon, a race promoter, who has been at the forefront of organizing motorsport events in Nigeria since 2012, advised Liberty Media “to work towards reducing the cost of hosting a race event.”In the same vein, a suggestion for Liberty Media to consider buying Silverstone has also been advanced.Speaking at last week’s Austrian Grand Prix, McLaren’s Executive Director Zak Brown urged formula’s owners to buy Silverstone in order to ensure the future of the race.“My view is Liberty should buy Silverstone,” said Brown. “I think they should buy it and much like the NFL, they own their Super Bowl. I have voiced my views on that to Liberty.”The onus now lies on Liberty Media to save the future of a Silverstone that is widely regarded as the traditional home of motorsport. Derek Warwick, President of the British Racing Drivers’ ClubWarwick did his best to calm fears of the race being dropped from the calendar by stating that Silverstone had entered into talks with the government as well as with formula one’s new owner Liberty Media.“We sent a Christmas note to our members giving them an update of Silverstone,” explained Warwick.“A lot of that came out as [there was] the possibility of activating the break clause before the grand prix this year, for 2019.“Don’t worry, we 100% have it for next three years, up until 2019.“I have just got a feeling that, ‘we can’t do without the British Grand Prix, we can’t do without Silverstone’, so some compromise will be made, either with Bernie or the new people that are now taking over, which is Liberty.’’Since this expression of ‘fragile’ optimism by Warwick, Liberty Media have completed the takeover of formula one from Bernie Ecclestone.The most positive news about the future of the British GP came this week when it was confirmed that formula one’s new owners Liberty Media have staged talks with both the BRDC and Silverstone with a view to finding a permanent solution to the uncertainty surrounding one of formula one’s heritage sites.What should Liberty Media do?It is the general belief within the formula one paddock that Formula One Management – the Liberty Media-run body are not willing to risk losing an event that has been an ever-present on the formula one calendar for nearly 70 years.But a decision needs to be taken fast, as feelers from Silverstone suggest that BRDC is not willing to continue its relationship with formula one at the cost of financial ruin. Bernie Ecclestone, former Formula 1 SupremoUnder the current deal, Silverstone are paying nearly £17m to host this year’s race, which starts on Friday. The fee increases by 5% each year. Going by this annual percentage increment, by the year 2026 the cost will reach £26m.This amount is huge and unsustainable, at least, judging by the limited fund available to the cash-strapped Silverstone’s owners and the drop in revenue from the race, hence, the need for further investment.Silverstone has staged the race since 1987 but despite attendances of more than 139,000 at the past two meetings, it has continued to lose money hosting the event, with the BRDC chairman, John Grant, warning that high race fees were unsustainable even with such crowds.While many within the formula one paddock would continue to blame former formula one supremo, Bernie Ecclestone for his failure to address Silverstone’s concerns at the time the opportunity presented itself in 2010, it is also worthy of note that BRDC missed a veritable opportunity to redeem their dwindling financial situation in 2016.The president of the British Racing Drivers’ Club, Derek Warwick lamented in January this year: “For me personally, the second Jaguar Land Rover deal which has failed and gone away, that hit me hard as I thought that was a nice fit with Jaguar Land Rover and Silverstone but it didn’t happen and we must move on.”There is light at the end of the tunnelSpeaking at Autosport International in January this year, Derek Warwick, president of the British Racing Drivers’ Club hinted that Silverstone had initiated talks with the UK government regarding the future of the British Grand Prix.He expressed this optimism in a bid to allay fears over the future of British GP just a week after BRDC had warned of the potential financial risk of continuing to host formula one race at Silverstone. Silverstone has until Sunday’s race to activate break clause*Silverstone declares £7.6m loss which threatens future of formula one’s oldest race*BRDC bosses are set to activate a break clause in their contract this weekend*Pressures mount on Liberty Media to save Silverstone futureFormula 1 goes to Northamptonshire this weekend for the 72nd edition of the British GP. Sadly, the focus this weekend will not be on the intense battle of wheels between Mercedes’ Lewis Hamilton and Ferrari’s Sebastian Vettel, but on the renewed doubt over the future of one of the formula one’s oldest races on the calendar.The announcement by the cash-strapped British Racing Drivers’ Club and Silverstone’s bosses before last weekend’s Austrian GP that they would reveal their intention to walk away from their 17-year contract with Formula One Management, citing spiralling cost of hosting the race as sole reason, has dominated discussions going to the 10th round of the 2017 formula one season. In a way, this has watered down the new rivalry between homeboy Hamilton and Vettel that formula one fans have enjoyed this season.A source close to the British Racing Drivers’ Club which owns the track, told a UK based tabloid: “In 2015, we sustained losses of £2.8 and in 2016 losses of £4.8m, and we are projected to lose a similar amount this year. It is not sustainable.”The announcement, however, did not come as a surprise to many formula one fans. Before Christmas, Silverstone’s owner, the British Racing Drivers’ Club had also sent a letter to its members suggesting it was considering activating its break clause.The BRDC, which has until Sunday’s race to activate the clause, will do so in the hope of brokering a more financially-viable contract.How did we get here?For long, the British GP had been sitting on a keg of gun powder, it was always a disaster waiting to happen.While several races on the formula one calendar receive government funding, traditionally that has not been the case for Silverstone. This has limited the funding available for hosting the race considering the huge financial implications of hosting a formula one race.In 2010, circuit chiefs agreed a long-term contract with the sport’s former supremo Bernie Ecclestone to continue its association with the British Grand Prix. This contract runs until 2026 with a break clause that would come into effect after the 2019 and would need to be activated before this year’s event this weekend. Writer: Soliu AdeyemoHe is a renowned Formula 1 Expert. Follow him @SolihuF1 on Twitter and Instagram for more updates and analysis.RelatedThe 2017 Formula 1 Mid-Season Report Card (1): A Review of Major EventsJuly 23, 2017In “Sports”The 2017 Formula 1 British Grand Prix PreviewJuly 15, 2017In “Sports”The 2017 Formula 1 British Grand Prix ReviewJuly 18, 2017In “Sports”last_img read more

first_img GVC hires ‘comms pro’ Tessa Curtis to re-energise media profile  August 25, 2020 Related Articles Share GVC absorbs retail shocks as business recalibrates for critical H2 trading August 13, 2020 Submit Martin Lycka – Regulatory high temperatures cancel industry’s ‘silly season’ August 11, 2020 Share StumbleUpon GVC has agreed to sell its payments processing business Kalixa Group to Singapore-based global payments operator Senjō Group for a total consideration of €29.0 million payable in cash on completion.Prior to completion, an amount equal to the free cash (over and above €2.1 million) in the Kalixa Group will be retained by GVC by way of dividend. The sale proceeds will be applied towards reducing GVC’s net debt, while the sale and run-down of Kalixa Pay will have a neutral effect on the group’s EBITDA.The sale does not include the wallet business currently operated by Kalixa Pay Limited, a subsidiary within the Kalixa Group, which will be closed by GVC post-completion. It is subject to domestic and international regulatory approval, but is expected to be completed during the first quarter of 2017.Kenneth Alexander, GVC Holdings CEO, said: “We are pleased to announce the sale of Kalixa in line with our plans announced earlier in the year. Post-sale Kalixa will continue to process payments for us and our customers, but now with the opportunity to build a larger payment services business under new ownership which has payments as a core activity.”GVC Holdings PLC had announced its intention to sell the payments processing business as part of its interim financial statement on September 20.The Kalixa Group provides card acceptance acquiring, aggregation, and payment processing services to corporate companies. The Kalixa Group will continue to provide payment processing services to GVC post-completion under an existing contract.For the year ended 31 December 2015, the Kalixa Group generated revenue of €22.7 million and a loss before interest and tax of €7.0 million. As at 30 September 2016, the Kalixa Group had gross assets of €80.7 million, and a net book value of €41.9 million which included €19.2 million of intangible assets.last_img read more

first_img Share StumbleUpon Related Articles Share Covid concerns see Clarion Gaming move ICE 2021 to April    July 15, 2020 Big Betting Balagan podcast set for live SBC Summit Barcelona – Digital show August 27, 2020 Lee RichardsonIndustry events’ organiser Clarion Gaming, has today confirmed that Lee Richardson will head up the launch and content of its ‘Sportsbook Management Academy’ for its Totally Gaming Academy program.Forming part of the Totally Gaming Academy’s twenty yearly education courses, the new Sportsbook Management Academy seeks to train and develop industry stakeholders on sports betting operations, business models and sector dynamics.Lee Richardson CEO & Founder of industry advisory Gaming Economics will deliver the new training program, with the first course taking place at the Hippodrome Casino London on 25 – 28 April 2017 (for further information please contact [email protected])A sports betting industry leadership veteran, Lee Richardson brings over 15 years’ experience as an operator for companies such as Coral-Eurobet, Tote and Boyle Sports and has managed trading rooms in the UK, Gibraltar and Ireland.Additionally, Richardson serves as a betting and sports insights contributor for SBCNews detailing new the latest insight and opinion on industry matters.Taking on ‘Sportsbook Management Academy’ content, Lee Richardson commented“The online sportsbetting industry is worth at least £5.0bn in Europe alone; it’s lucrative, highly-competitive and fast-moving, employing thousands of people. Despite that, it’s been clear that — for a broad cross-section of this industry — a need existed which examined best-practice in managing a profitable, and growing, sportsbook. That’s why we’ve created the Sportsbook Management Academy, designed to guide you through the key “do’s and don’ts” of creating a profitable sportsbook operation, from operating models and licensing options, through to customer acquisition, segmentation, trading and business intelligence.” SBC Digital Summit: Stamping out corruption as lesser leagues take centre stage April 29, 2020 Submitlast_img read more

first_img Golden Nugget adds sports betting to Scientific Games deal February 25, 2020 StumbleUpon Related Articles Share SBC’s Year In Review: March 2019’s big betting news December 23, 2019 William Hill US CEO to feature in Official Sports Betting Guide to G2E September 24, 2019 Share Submit Don Best Sports is sponsoring Betting on Football 2017, the fourth edition of the largest international football and betting trade conference at Chelsea FC’s Stamford Bridge.Ahead of the 3-5 May event, we spoke to Don Best Managing Director Benjie Cherniak about why football is such an attractive sport for betting, how the market is changing from a consumer perspective and how betting and football stakeholders can work more effectively together.SBC: Why is football such an attractive sport for betting?BC: Football is a global language. Billions of people globally support or follow clubs. It is easy to understand and easy to invest knowledge and opinions into wagering on events. In North America and some of our key markets in Central and Latin America, astute punters have access to information that makes it more interesting to wager on less familiar football events alongside the ‘evergreen’ top leagues. An example would be that MLS (shown locally) is a popular league to follow and wager on in countries such as Panama, Honduras and Mexico. SBC: From a consumer perspective, how is football betting changing?BC: From the Don Best perspective – looking at the North American and Latin American markets – we are seeing a seismic shift to in-play wagering that of course Europeans and Asians have now been long accustomed to. Similarly, there has been a marked increase in operating and technology partners who are moving to fully automated wagering across the event life-cycle – away from per head and credit/agency-type betting. The power now lies with bettors who can wager through their portable devices and their associated payment systems. We are also seeing punters in Latin America bet Asian Handicaps – something they were long unfamiliar with. SBC: How can betting & football stakeholders work better and more effectively together?BC: Transparency and integrity is the key. The game itself always needs to be protected in order for the offering to remain high-value to both the stakeholders and the punters. We see that where leagues operate under the fog of corruption or other dubious issues, the value to betting stakeholders decreases and the product suffers overall. We have seen leagues essentially collapse in some cases (such as in South Asia) or act as vehicles for event manipulation. SBC: What new technology do you feel will have the biggest impact on football betting?BC: Fully integrated, low-latency media and betting platforms are the future – especially where optimized for portable devices. As data and media rights continue to converge, the ability to bet in real-time on any event while watching that event on your phone will emerge as a widespread reality. SBC: What key agenda, debate or discussion do you want to hear at BOFCON 2017?BC: As a proud BOFCON panel sponsor, we are very excited to discuss and debate synergies between the global football market and the North American environment while simultaneously clarifying opinions on the legislative and commercial state of play regarding sports betting in the North American market as a whole. As for the abundance of panel options, we are especially keen to hear latest state of play in Asia, CIS, Spain, and Latin America.last_img read more

Recent Comments