financializer news A weblog highlighting financial topics making news in the international media.

american countries: This past week, the Roman Catholic Church in Mexico and six Central American countries launched a network to coordinate efforts to benefit the environment and indigenous people in the region, according to The Japan Times. The Vatican's information service says that like the Amazon, the Mesoamerican biological corridor is a devastated territory and threatened by state concessions to transnational corporations. The eyes of the world have recently been on the world's largest rainforest, which is vital for the planet but is suffering from its worst outbreak of fires in years, due in part to an acceleration in deforestation. ; The working document for the synod, which mainly brings together bishops from nine Pan-Amazonian countries, denounces in scathing terms social injustices and crimes, including murders, as well as suggesting a church action plan. It warned that large extractive projects, mono-cultivation and climate change threaten land, the environment, culture and self-determination. He said Friday that church representatives discussed the needs of each country and indigenous people, who tend to be the most susceptible and those who suffer more from all the ravages of industries that go to their regions to deforest or excavate. Gustavo Rodriguez Vega is archbishop in Mexico's Yucatan and head of the new Ecclesiastical Ecological Network of Mesoamerica. (news.financializer.com). As reported in the news.

business models: In June, TCL established a joint 5G innovation R&D Lab with China Unicom, and in September, it signed a strategic cooperation agreement with China Mobile and kicked off its 5G Industrial Internet Demonstration Park, according to Global Times China. The partnership will help us to accelerate industrial transformation while exploring new business models for 5G applications, Streit said, adding that TCL will bring more innovative Internet of Things IoT products and service to Chinese consumers. Stefan Streit told the Global Times, We have been working very closely with our carrier partners in China in terms of 5G research. That's also the purpose of those joint 5G labs with carrier customers, he stressed. It was the first company to implement the pre-5G end-to-end solution demonstration at the Mobile World Congress last year. Being a pioneer in 5G applications, TCL engaged in 5G R&D as early as 2015. (news.financializer.com). As reported in the news.

campaign infrastructure: The Trump campaign's director of communications, Tim Murtaugh, said, We have no indication that any of our campaign infrastructure was targeted, according to The Japan Times. In a 30-day period between August and September, the group, dubbed Phosphorous by the company, made more than 2,700 attempts to identify consumer email accounts belonging to specific customers and then attacked 241 of those accounts. Microsoft said earlier on Friday that it saw significant cyberactivity by the group which also targeted current and former U.S. government officials, journalists covering global politics and prominent Iranians living outside Iran, the company said in a blog post. ; Republican Trump's official campaign website is the only one of the remaining major contenders' sites that is linked to Microsoft's cloud email service, according to an inspection of publicly available mail exchanger records. Four accounts were compromised as a result of these attempts; these four accounts were not associated with the U.S. presidential campaign or current and former U.S. government officials, the blog post said. Microsoft's blog post did not identify the election campaign whose network was targeted by Phosphorous hackers. Microsoft has notified the customers related to these investigations and threats and has worked as requested with those whose accounts were compromised to secure them. (news.financializer.com). As reported in the news.

china-invested company: Photo Xinhua Damak Clean Industrial Park, a China-invested company, has signed a Memorandum of Understanding with Nepal Investment Board IBN for the China-Nepal Friendship Industrial Park in Nepal's eastern Jhapa district, according to Global Times China. Damak Clean Industrial Park President Govinda Thapa and IBN Chief Executive Officer Maha Prasad Adhikari signed the MoU at a function on Thursday evening in Kathmandu. Damak Clean Industrial Park, a China-invested company, has signed a Memorandum of Understanding with Nepal Investment Board IBN for the China-Nepal Friendship Industrial Park in Nepal's eastern Jhapa district. Lhasa Economic and Technological Development Zone Investment Development Company Limited is investing in the project which aims to develop a complete industrial infrastructure for industries to come in and operate there. The location is the hometown of Nepali Prime Minister KP Sharma Oli. Industries related to food products, home appliances, transport equipment electrical and communication equipment will be brought inside the park, Zhou Chengjie, chairman of Lhasa Economic and Technological Development Zone Investment Development Company Limited, said during the signing ceremony. (news.financializer.com). As reported in the news.

contractor model: Dr Irvine said the effect can be clearly seen from a decline in the proportion of NHS spending allocated specifically to general practice, which has dwindled from 9 per cent in 2005/6 to a record low of 6.8% by 2017/18, according to The Independent. Health chiefs 'suppressed' report revealing profiteering in deprived GP practices In a submission to the Scottish Parliament's Health and Sport Committee, which will take evidence on the future of primary care on Tuesday, Dr Irvine stressed that most of the GPs she has encountered during research are extremely hard-working, ethical and committed to their patients . However, she said the independent contractor model - which means GP partners run their practices like small, private businesses - has protected them from scrutiny over how taxpayers' money is used. Retired public health consultant and Scottish Government adviser, Dr Helene Irvine, said the current system has deterred governments from investing the sums needed into general practice because of the risk that GPs can use the funds to boost practice profits and increase their own take-home pay. She wrote I believe the public would be very interested in this component of the NHS if they actually knew more about how the independent contractor model works, including the fact that GP partners themselves decide how much they work, how much to spend on service provision and how much to they spend on their own income, and what are the associated problems of these freedoms. Another less obvious problem with the independent contractor model is that it is very difficult for any government, via the health boards or Health and Social Care Partnerships to invest in general practice...without risking leakage of that additional investment into personal incomes that do not correlate with workload, patient satisfaction or outcomes. An obvious problem is the extremely wide variation in both performance and personal income of GPs, with no measurable relationship between what the GPs earn and the work they do, and the outcomes for patients. (news.financializer.com). As reported in the news.

home port: Nisshin Maru's two support ships, Yushin Maru and No. 3 Yushin Maru, also returned to their home ports. ; Japan resumed commercial whaling on July 1 after leaving the International Whaling Commission, promising that the whalers would stay within the country's exclusive economic waters, according to The Japan Times. Japan had conducted research hunts for 31 years in the Antarctic and the Northwest Pacific that conservationists criticized as a cover for commercial hunts banned by the IWC. Kyodo Senpaku President Eiji Mori praised the whalers for returning with better than expected results despite earlier uncertainty because of their lack of experience in the area. Operator Kyodo Senpaku Co. said its main factory ship Nisshin Maru returned to its home port of Shimonoseki, Yamaguchi Prefecture, on Friday after catching 223 whales during its three-month expedition off the Japanese coast. We were worried if we could catch any, but they did a great job, Mori said. Of the quota of 232 whales allocated to the main fleet, they caught 187 Bryde's, 25 sei and 11 minke whales, only nine minke whales short of the cap. We will examine the results closely and make a plan for the next season. (news.financializer.com). As reported in the news.

quality items: We oftentimes reluctantly follow trends, trying out a Bardot neckline or perhaps a few new velvet cushion covers, according to The Independent. For example, the ubiquity of maximalism across both fashion and interiors has seen us hang the most exquisitely detailed wallcoverings and don the boldest print dresses. We all aim to reflect our personalities through what we choose to wear and what we bring into our homes. However, the overarching message coming from both fashion and interiors is one of investment; buying fewer, better quality items for your home and for your wardrobe. This week, I've gathered three of the most exciting collaborations bringing us heirloom-quality pieces for the home, inspired by some of the most iconic runway minds. The line between fashion and interiors is blurring where these higher-quality investment pieces are concerned. (news.financializer.com). As reported in the news.

services sector: But data on the housing market has been trending in the opposite direction, with new home construction rising to the fastest pace since 2007 in August, and pending home sales trending up as interest rates fall, improving affordability, according to Market Watch. Unlike some of the previous manufacturing slowdowns we've seen during recessions, U.S. housing is doing quite well, wrote Keith Lerner, chief market strategist at Sun Trust Advisory Services, in a Wednesday note to clients. Equity investors have been spooked by a series of bearish reports on the U.S. economy in October, including surveys from the Institute for Supply Management that show the American manufacturing sector contracting and the services sector slowing significantly, helping send Dow Jones Industrial Average DJIA, 1.42% down 2.9%, the S&P 500 index SPX, 1.42% 2.4% and the Nasdaq 1.8% COMP, 1.40% month-to-date. In fact, the NAHB Home Builders Index has climbed to the highest level of the year. This is important as this indicator has peaked almost two years ahead of recessions, on average. Similarly, housing starts recently rose to a cycle high. (news.financializer.com). As reported in the news.

stock pton: WE the parent of the office-space company WeWork, postponed its IPO and forced its chief executive to step down amid mounting concern about its huge losses and high leverage, according to Market Watch. See also Peloton stock spins in reverse during trading debut The IPO window is closing on growth-at-all-costs, highly valued private companies that are trying to come to market with excessively valued pricing, said Kathleen Smith, principal at Renaissance Capital, a provider of institutional research and IPO exchange-traded funds. The move came as Peloton Interactive Inc.'s stock PTON, 3.05% struggled in its trading debut, and after We Co. Endeavor EDR an entertainment powerhouse that owns sports and modeling agency IMG and mixed-martial-arts organization UFC, among other properties, said earlier Thursday that it would trim its offering to 15 million shares priced at 26 to 27 each, down from 19.4 million shares priced at 30 to 32 each that it targeted in a filing on Sept. 16. Don't miss Entertainment giant Endeavor is going public 5 things to know ahead of its IPO Smith said after the offering was reduced that she expected the company to complete the deal, given that it is profitable and has a record of putting together media properties and talent, but conceded investors are sensitive about overpaying in the current market. After markets closed, the company announced that it would delay the IPO and continue to evaluate the timing for the proposed offering as market conditions develop. (news.financializer.com). As reported in the news.

stock-market investors: Stock-market investors may be sharing that sentiment after seemingly having victory in sight on Tuesday, as did the Arizona Cardinals then-coached by Green back in 2006, according to Market Watch. But there may be hope yet for Wall Street after a pair of withering losses. And we let them off the hook. Early Tuesday, the Dow Jones Industrial Average DJIA, 1.42% had boasted a nearly 130-point gain, and the S&P 500 index SPX, 1.42% and the Nasdaq Composite Index COMP, 1.40% were enjoying a healthy start to a month that has been known for its turbulent streak. All three benchmarks finished with declines of at least 1% and the Dow and S&P 500 notched their worst daily losses since Aug. 23, according to Fact Set data. However, after the weakest manufacturing report in about a decade, the investment mood was shattered. (news.financializer.com). As reported in the news.

work opportunities: In a conciliatory speech broadcast on state television early on Friday, Prime Minister Adil Abdul-Mahdi called the demonstrators' demands for work opportunities and comprehensive reforms righteous, adding that the government needs to exert greater effort to combat corruption, according to The Independent. Abdul-Mahdi said the government would soon present a project to offer a basic wage for the poor so that all Iraqi families can live in dignity. Thousands have been involved in Iraq's nationwide protests, which are among the largest seen in decades and which were sparked by frustration over alleged government corruption, lack of basic services and growing unemployment. Everyone should respect the rule of law by which everyone can live in security and stability, he added. According to al-Bayati, 363 Iraqi security personnel and 1,261 demonstrators are among the injured. Protesters hold bullets they say belonged to Iraqi police during a protest in Baghdad on Tuesday. context Image Object name Protesters hold bullets they say belonged to Iraqi police during a protest in Baghdad on Tuesday. description Protesters hold bullets they say belonged to Iraqi police during a protest in Baghdad on Tuesday. url More At least 93 people were killed and 3,978 injured in violent protests across Iraq this week, Ali Akram al-Bayati, a member of the Independent High Commission for Human Rights of Iraq, told CNN. Of those killed, 38 are protesters and three are security officers. (news.financializer.com). As reported in the news.

zambian capital: The ceremony also saw the launch of the Zambia ICT Seeds for the Future 2019 aimed at nurturing young talent in ICT skills, according to Global Times China. Photo Xinhua China's telecommunication giant Huawei on Friday launched the second edition of the Information Communication and Technology ICT Competition in Lusaka, the Zambian capital. China's telecommunication giant Huawei on Friday launched the second edition of the Information Communication and Technology ICT Competition in Lusaka. The competition aims to provide a platform for global ICT talents to showcase their ability, compete and communicate, encouraging ICT-related study and drive the growth of a robust ICT talent ecosystem. The competition will see over 2,000 contestants from various universities vie for a slot to represent the country during the regional competition to be held in South Africa and later the global competition in China. The ceremony also saw the launch of the Zambia ICT Seeds for the Future 2019 aimed at nurturing young talent in ICT skills. (news.financializer.com). As reported in the news.

mark firkin: British-Australian King and Australian citizen Firkin were arrested in early July, reportedly for flying a drone to shoot video for their travel blog near military installations in Jajrood in Tehran province, according to The Guardian. Australian and British bloggers Jolie King and Mark Firkin released by Iran Read more They had left their home in Perth, Western Australia, in 2017, documenting their travels on a blog called The Way Overland. The Australian government denies a quid pro quo, but the release of Jolie King and Mark Firkin from Evin prison came as an Iranian doctoral student, held in a Brisbane jail and wanted for extradition by the US on sanctions-busting allegations, was freed to go home. Dozens of videos and photographs posted on You Tube and Instagram appear to have been shot using a drone. People must not fly drones over people or large crowds, over the city of Tehran, or over sensitive areas. Drone use with a permit is allowed in Iran but there are strict conditions. (news.financializer.com). As reported in the news.

state: In September, New York became the first state to implement a ban on the sale of flavored electronic cigarettes and nicotine e-liquids, and later expanded that ban to menthol-flavored products, according to CNN. Vaping-related lung injuries in the United States surpass 1,000 cases Store owners in the state won a small victory against that ban, however, when a New York appellate court issued a temporary restraining order Thursday. Vape store owners in both states filed lawsuits requesting preliminary injunctions to put a pause on the statewide bans that halted sales of vaping products. A hearing to address the preliminary injunction of the ban will be heard by a judge in New York Supreme Court on October 18, but the ban is on hold at least until a judge rules on the litigation. While the court's ruling temporarily delays our scheduled enforcement of this ban, it will not deter us from using every tool at our disposal to address this crisis. It is undeniable that the vaping industry is using flavored e-cigarettes to get young people hooked on potentially dangerous and deadly products. (news.financializer.com). As reported in the news.

china prc: China will surely have an even brighter future, according to Xinhua China. Marcelo Abi-Ramia Caetano, Secretary General of the International Social Security Association, said Xi's speech briefly summarized the remarkable socio-economic progress achieved by the People's Republic of China PRC over the past 70 years. China's yesterday has been inscribed in human history while China's today is being created in the hands of hundreds of millions of Chinese people, Xi said. In terms of social protection, China serves as an excellent example in extending social security coverage and improving social security administration, and has much to share with the rest of the world, he added. China's goal is to improve the standards of living of all its citizens, and then to share the fruits of such development with the world in various forms, added Kuhn, also Chairman of the Kuhn Foundation. The overarching theme of China's National Day celebrations is a comprehensive and integrated vision of why China's system works so well for China, and how, at the same time, it benefits the world, said Robert Kuhn, a leading U.S. expert on China. (news.financializer.com). As reported in the news.

players: I earn 500 per month, says one croupier -- a small fortune in a country where the minimum wage is just 170 a month, according to CNN. Most players here are betting big, with the smallest token worth 100. A dozen croupiers work the room, picking up thick wads of notes from the players and converting them into plastic tokens. (news.financializer.com). As reported in the news.

vox sentences: Subscribe to get Vox Sentences delivered straight to your inbox, according to The Guardian. Vox Sentences is your daily digest for what's happening in the world. Your daily wrap-up for the day in news. Sign up for the Vox Sentences newsletter, delivered straight to your inbox Monday through Friday, or view the Vox Sentences archive for past editions. How we learned to spell Volodymyr Zelensky Chip Somodevilla/Getty Images Text messages show top diplomats discussed using the prospect of a White House visit to get Ukrainian President Volodymyr Zelensky to investigate Burisma, a company with links to Hunter Biden. Rundown of the Trump-Ukraine scandal so far; the British prime minister sends mixed messages on a Brexit delay. (news.financializer.com). As reported in the news.

barricading roads: With the fuel subsidy cut taking effect on Thursday, taxi, bus and truck drivers blocked streets from early morning in the highland capital Quito and in Guayaquil on the Pacific coast, according to The Japan Times. Indigenous groups, students and unions joined the action, barricading roads with rocks and burning tires. Police responded with tear gas in the worst unrest for years in the oil-producing Andean nation. ; Down with the package! demonstrators shouted, referring to measures enacted this week as Moreno puts Ecuador on a centrist, market-friendly path after years of leftist rule. In Quito, masked youths faced off with riot police who drove them back with tear gas and deployed armored vehicles. We're paralyzing the nation, said bus transport leader Abel Gomez. It's an indefinite action until the government overturns the decree on subsidies. (news.financializer.com). As reported in the news.

index comp: The Nasdaq had dropped by as many as 85.25 points, or 1.095%, to a intraday nadir of 7,700, before pivoting to advance 1.12%, or 87 points, to mark a powerful about-face and a stunning victory for the bulls, according to Market Watch. Similarly, the Dow Jones Industrial Average DJIA, 1.42% dropped by as many as 335 points, or 1.29%, but recovered to finish up 122 points, or 0.5%, representing its best intraday reversal since May 10, while the S&P 500 index SPX, 1.42% gained 0.8% after tumbling 1.10%, marking its best gain since Aug. 7. The stock market's turnaround on Thursday was notable for producing the sharpest reversal for the three main U.S. equity benchmarks in months, with the Nasdaq Composite Index COMP, 1.40% logging its best turnaround from a 1% decline to a 1% gain since April 4, 2018, according to Dow Jones Market Data. The comeback on Wall Street came as nearly all seemed to be lost, with investors resigning themselves to a third straight loss of at least 1%, adding to the worst start to a quarter for the main benchmarks since the financial crisis. The report appeared to support other signs of economic deterioration after ISM's survey of the U.S. manufacturing sector showed the worst reading in about a decade. Sparking the tumble lower was a report from the Institute for Supply Management, which showed that the U.S. services sector came in at 52.6 in September, down from 56.4 in August, marking the weakest reading in about three years and suggesting domestic growth is slowing. (news.financializer.com). As reported in the news.

climate change: Gore's 2006 An Inconvenient Truth documentary and book galvanized the climate change movement, according to The Japan Times. He shared the Nobel Peace Prize with the Intergovernmental Panel on Climate Change for raising awareness of the threat posed by global warming. Speaking Thursday on the sidelines of an event hosted by environmentalists in Tokyo, Gore added his voice to criticism of the pro-coal policies of Japan, which was blocked from speaking at last month's United Nations climate summit in New York. ; If they build as many new coal plants as some now propose, and subsidize as many new coal plants in other countries as they now have planned, of course that would be a massive policy failure, Gore said. Along with China and India, Japan has been one of the biggest backers of new overseas coal-fired plants through loans and investment. In Vietnam, for example, the Japan Bank for International Cooperation, Sumitomo Corp., and a number of Japanese banks have provided funds for a major new coal plant. The government's development strategy abroad aims to boost infrastructure projects in key industries, including coal and gas. (news.financializer.com). As reported in the news.

collaboration agreements: The two countries are scheduled to sign several bilateral and inter-institutional agreements, as well as commercial contracts, according to Global Times China. Xinhua Cuba and Russia on Thursday agreed to enhance infrastructure cooperation, including in the production of automotive vehicles, railways and airplanes. Medvedev's visit is aimed at strengthening Cuba-Russia ties. Cuban President Miguel Diaz-Canel and Russian Prime Minister Dmitri Medvedev co-chaired the signing of collaboration agreements at the Palace of the Revolution in Havana. Also signed by the two leaders was a protocol for the training of customs personnel to strengthen the fight against air traffic violations. The endorsement of these legal instruments took place during Medvedev's two-day official visit to Cuba starting on Thursday. (news.financializer.com). As reported in the news.

intra-day turnaround: The Nasdaq Composite closed up 1.1% for its biggest intra-day turnaround since April 2018, according to Market Watch. As recent economic data has raised fears of recession, investors apparently were betting on another interest-rate cut by the Fed later this month. The major U.S. indexes were down around 1% at one point early Thursday, but pulled out of their respective dives to end the day in positive territory. The will be closely watching Friday's Labor Department jobs report for September. Increased hopes for further interest rate cuts by the Fed look to help stabilize markets into the end of the week, Jingyi Pan of IG said in a report. Economists polled by Market Watch predict the U.S. added 147,000 new jobs last month. (news.financializer.com). As reported in the news.

openings spread: Today, you can stay in historic buildings in the shadow of the Golden Gate Bridge, in a new build opposite San Francisco's baseball stadium, in the midst of America's oldest Japantown, or on Market Street the new Union Square it's handy to get around, though doesn't have much going on . Whether you prefer to be disturbed by foghorns or drag brunches, there's something for everyone in California's most individual city, according to The Independent. The Independent's hotel reviews are unbiased, independent advice you can trust. The hotel scene had long been lacking, though, with properties clustered around the soulless Union Square and slightly grubby Tenderloin district but in the last decade, a series of new openings spread around the city have livened it up considerably. On some occasions, we earn revenue if you click the links and book, but we never allow this to affect our coverage. You can form your own view. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. (news.financializer.com). As reported in the news.

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fox theatre: Photo by Chip Somodevilla/Getty Republican presidential candidates Donald Trump and Sen, according to MSNBC. Marco Rubio R-FL participate in a debate sponsored by Fox News at the Fox Theatre on March 3, 2016 in Detroit, Mich. Marco Rubio R-FL participate in a debate sponsored by Fox News at the Fox Theatre on March 3, 2016 in Detroit, Mich. Photo by Chip Somodevilla/Getty Rubio does himself no favors with weak defense of Trump scandal 10/04/19 04 33 PM By Steve Benen When Donald Trump's Ukraine scandal first broke two weeks ago, Sen. Even those who've come to expect very little from Rubio were struck by the pitiful response. Marco Rubio R-Fla. responded with lazy partisanship, telling Fox News the real controversy was Joe Biden getting a Ukrainian prosecutor fired to protect his son. (news.financializer.com). As reported in the news.

fundraiser: The singer and actress, who is battling stage four cancer, will lead a fundraiser walk on Sunday to bring in donations for the Olivia Newton-John Cancer Wellness and Research Centre in Melbourne, according to Nine News Australia. In a sit-down interview, she told A Current Affair host Tracy Grimshaw being able to take part in the fundraiser in her own hometown was a dream come true . Asked how she planned to manage the pain caused by her illness for the walk, Newton-John told Grimshaw she took cannabis for the pain. To improve your experience update it hereLIVE UPDATESRoosters v Raiders in the NRL Grand Olivia Newton-John calls for Australia to legalise cannabis By A Current Affair Staff8 05pm Oct 4, superstar Olivia Newton-John has called on the Australian government to legalise cannabis as she returns to Australia to help raise money for her cancer centre. I'm a great proponent of it, for general health, for pain, for sleep, for anxiety, she said. A Current Affair I really believe it is important in my journey. Olivia Newton-John has called for the legalisation of cannabis in Australia. (news.financializer.com). As reported in the news.