上海夜生活,上海夜生活网,上海夜网论坛 - Powered by fblpntlx

European power firms aim to harness electric car batteries

FRANKFURT/LONDON/PARIS ( ) – Ever wanted to run your electric car for free? If you’re open to a bit of give and take, then stay plugged in and your wishes might come true. At least that’s what some European power companies and Japanese carmakers believe.

E.ON (EONGn.DE) and EDF (EDF.PA) are already working with Nissan (7201.T) to develop services that allow power stored in electric vehicle batteries to be sold back to the grid – and now they’re trying to persuade European carmakers to follow suit.

With millions of electric cars expected on European roads over the next decade, utility firms see both an opportunity to sell drivers more electricity and a risk that surges in charging at peak times could destabilize st,上海足浴夜网联系方式Barbara,ressed power grids.

That’s why E.ON is working with Nissan to develop so-called vehicle-to-grid (V2G) services, including software for aggregating and marketing charging data so the German power company can predict peaks and troughs in electricity demand.

Nissan’s idea is that if you charge your electric vehicle (EV) at off-peak times and are prepared to sell power back to the grid when it’s under strain, you could effectively charge for free.

French utility EDF has teamed up with San Diego-based V2G technology specialist Nuvve to build the first commercial-scale V2G charging network in Europe for vehicles made by Japan’s Nissan and Mitsubishi (7211.T).

Europe’s biggest utility by market value, Italy’s Enel (ENEI.MI), has also worked with Nissan and Nuvve on V2G pilots in Denmark and the Netherlands, as well as in Rome and Genoa.

The problem for the utilities is that unlike Nissan, the French and German firms that will make most of the electric cars expected on Europe’s road in coming years are not playing ball – at least for now.

VIRTUAL POWER PLANT

E.ON and EDF are talking to European carmakers about taking V2G seriously, according to two industry sources, but they are more focused on EV charging technology that the sources say is less suited to two-way flows than Japanese standards.

IONITY, a joint venture of Volkswagen (VOWG_p.DE), Daimler (DAIGn.DE), BMW (BMWG.DE) and Ford (F.N), said it did not see an initial case for V2G in its drive to install high-speed charging stations across Europe to facilitate long-distance journeys.

“Our clients want to charge fast and not feed back in,” a spokesman for IONITY said. “Only in combination with an external storage system would a use case possibly be interesting.”

The other big V2G holdout is EV pioneer Tesla (TSLA.O), which also sells large stationary batteries for home power storage. Tesla declined to comment on V2G.

The idea of using millions of EV batteries as large virtual power plants to put power back into the grid has been around for years though the concept is still mostly a上海夜生活论坛t the pilot phase, mainly because there are very few EVs on the roads now.

But its appeal to the power industry is obvious.

With a typical car driving less than 10 percent of the day, the rest of the time car batteries could be used to balance out demand and supply swings in energy networks that increasingly need to juggle intermittent solar and wind power.

That’s the case in Germany in particular as it is phasing out baseload nuclear and coal-fired plants, unlike France and Japan which are sticking with nuclear to ensure a secure supply.

Jonathan Tudor, director of technology strategy at the innovation division of Britain’s biggest utility, Centrica (CNA.L), said V2G will be part of the mix of technologies stabilizing networks – once more EVs hit the road.

“Winding the clock forward 10-12 years, if consumer behavior stays the same we will see thousands of people arriving home and,上海夜网后花园Caden, wanting to charge up their cars at the time that is already peak demand for most countries,” he said.

Alberto Piglia, global head of e-mobility at Enel, said as the EV market grows exponentially, there will be a tipping point at which there will be an explosion of related energy services. “We are preparing the world for this.”

PLUG WARS

One major hurdle for the roll-out of V2G in Europe is that for now it only works well with the EV charging standard developed in Japan known as CHAdeMO.

The IONITY e-mobility joint venture, meanwhile, is focused on establishing the Combined Charging System (CCS) plug as the industry standard.

Plug wars: the battle for electric car supremacy

But experts say the communication protocol between CCS chargers and EV batteries is not being set up currently in way that allows rapid changes in two-way information flows to charge and discharge electricity.

Rather, CCS is being developed so EV owners can charge vehicles as fast as possible, to encourage the acceptance of electric cars by drivers reluctant to give up the convenience of quickly filling up vehicles with gas.

“We are missing a V2G charging standard,” said Gregory Poilasne, chief executive of Nuvve.

The network of 4,000 V2G charging stations it is developing with EDF in Britain and France will onl,上海021夜网Barney,y be used for now with corporate fleets of Nissan Leaf E-NV200 utility vans and Mitsubishi Outlanders running on the CHAdeMO standard.

That’s why Nuvve is also in talks with French and other carmakers about making CCS compatible with V2G.

China, the world’s biggest market for EVs, also has V2G in mind. China’s own GB/T standard is not well suited to V2G but the China Electricity Council struck an agreement with the Japan’s CHAdeMo Association last year to develop a common fast-charging plug that should handle rapid two-way flows.

But at a time when global infrastructure standards for EVs have yet to be established, German carmakers are reluctant to give up on the technology they have invested in, nor cede too much control over their vehicle components to utility firms – something V2G effectively requires them to do.

GAME CHANGER?

Still, despite making little headway so far, E.ON hopes that the CCS standard will become part of the V2G mix.

“The technology for aggregation and marketing that we’re developing at E.ON based on the CHAdeMO standard will also be applicable to the CCS standard,” said Johannes Werhahn, E.ON’s head of flexibility, renewables marketing and storage solutions.

OVO Energy, a challenger to Britain’s “Big Six” power retailers, is also eyeing CCS as a market for the V2G charger it launched last year in a deal with Nissan.

“We are very close partners with Nissan but we do expect to work with other car manufacturers in future, including those that use CCS,” said Tom Pakenham, OVO’s head of EVs.

Centrica invested in Israeli EV software charging firm Driivz last year and said part of the deal would involve developing V2G technology.

“Once the software is integrated and we understand what needs to be done we will look to start trials, likely sometime in the next 18 months,” Tudor said.

One catch for V2G proponents is that constantly charging and discharging is widely perceived to be the fastest way to shorten the life span of a battery – the most expensive component in an EV usually accounting for about a third of its cost.

Analysts say persuading consumers that V2G makes economic sense and doesn’t disrupt their daily lives will be crucial.

Nissan, though, is convinced V2G will “change the rules of the game” once consumers can be offered a service that will effectively mean they can charge vehicles for free.

Japan’s Honda (7267.T) also plans to incorporate V2G capability when it launches its first EV in Europe this year.

Nuvve’s Poilasne said V2G could reduce the total cost of EV ownership by about 25 percent without ruining the battery, though earnings from grid-balancing services would be greater in countries with a larger share of intermittent renewable energy.

Three Abu Dhabi lenders agree to create $114 billion bank

DUBAI/ABU DHABI ( ) – Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank agreed a merger on Tuesday to create the third-largest bank in the United Arab Emirates.

The bank will become the fifth largest in the GCC with 420 billion UAE dirham ($114.35 billion) in assets with increased productivity and economies of scale expected to boost profitability, the statement said.

Lower oil prices and weak economic growth is pushing consolidation across the Gulf.

The merger, first announced in September, was unanimously recommended to shareholders by the boards of ADCB and UNB, the banks said in a joint statement.

The tie-up is expected to take effect in the first half of 2019.

It will involve a statutory merger between ADCB and UNB. ADCB will issue 0.5966 shares for every UNB share, correspon上海夜网ding to a total of 1.64 billion new shares issued to UNB shareholders and valuing UNB at nearly $4 billion.

Al Hilal Bank will operate as a separate Islamic entity within the merged bank.

Abu Dhabi Crown Prince Mohammed bin Zayed al-Nahyan said in a tweet that the merger would bolster the competitiveness of the UAE’s economy.

UAE has 50 commercial banks including 22 local lenders, a number seen as too high in a country of about 9.5 million people.

Saudi Arabia, which has a population of 32 million, has 12 banks and is set to lose two of those if announced mergers are successfully concluded.

“The Abu Dhabi government is continuing its restructuring efforts to create stronger entities with a strong financial base to grow globally,” said Tariq Qaqish, managing director of asset management at Menacorp.

Abu Dhabi Investment Council (ADIC), a government investment arm, is the majority shareholder in ADCB and UNB, both listed in Abu Dhabi. Unlisted Al Hilal is wholly owned by ADIC, which is now part of Mubadala Investment Company.

On the date the merger takes effect UNB shares will be delisted from the Abu,上海夜网推油Tabitha, Dhabi Securities Exchange, with the combined bank retaining ADCB’s identity and legal registrations.

The combined entity will acquire Al Hilal Bank for 1 billion dirhams ($272 million) by issuing a mandatory convertible note for up to 117.6 million post-merger ADCB shares to ADIC.

“UNB has a weaker asset quality and much lower profitability than ADCB, and both (of these factors) have been taken into consideration to arrive at the swap ratio,” said analyst Chiro Ghosh at Bahrain’s SICO.

“It definitely presents a strong case for further consolidation. We believe banks with similar shareholders have a higher likelihood of merger,” Ghosh said.

ADCB on Tuesday also reported annual profit of 4.84 billion dirhams, up from 4.28 billion a year earlier.

After completion of the merger, ADIC will o,上海夜生活桑拿会所Gabriel,wn 60.2 percent of the combined bank, other ADCB shareholders ,上海夜生活群Sabina,owning 28.0 percent and other UNB shareholders holding 11.8 percent.

As reported by on Monday, Eissa Mohamed al Suwaidi, chairman of ADCB, will retain the same post at the new bank, as will ADCB CEO Ala’a Eraiqat.

($1 = 3.6728 UAE dirham)

U.S. sends 70 questions to WTO about China’s subsidies

GENEVA ( ) – The United States has accused China of hiding some trade-distorting subsidy programs from international scrutiny while disclosing others it does not need to, according to a document circulated on Wednesday at the World Trade Organization.

The U.S. doc,上海夜玩网论坛Hadleigh,ument lists 70 questions about Beijing’s subsidy programs that highlight Washington’s misgivings about the role the state plays in China’s huge and growing market.

China is fighting a major trade dispute at the WTO against U.S. and EU claims that China is not a “market economy” and therefore that its export prices should not be taken at face value when evaluating whether it is trading fairly.

Topics covered by the U.S. questions include subsidies for China’s fishing industry and the activity of so-called government,上海夜生活论坛Falkner, guidance funds, which seek to foster domestic innovation in different industries from advanced engineering and robotics to biotechnology and clean energy.

There were also questions about whether imported cars were eligible for tax breaks and scrappage schemes and whether imported goods were eligible for a Chinese fund for promoting energy saving products.

The U.S. document was sent to the WTO’s subsidies committee in response to a notification by China about subsidies programs it is obliged to disclose for transparency purposes.

China did not immediately respond to the U.S. document. It would normally be expected to file its responses with the WTO committee in a similar document, which is likely to take months to appear.

The United States said in the document it appreciated that for the first time China had notified both central and sub-central subsidies in one document, adding:

“Unfortunately, as was true for China’s previous notifications, China’s most recent notification suffers from both severe under-reporting of important programs and significant over-reporting of irrelevant or minor programs.”

Providing transparency about trade policies is a key job of the WTO, and the United States has been vocal about wanting China, India, Vietnam and other WTO members to improve the standard and their timeliness of their notifications.

U.S. President Donald Trump has threatened to withdraw from the global trade body if it doesn’t “shape up”.

The United States has teamed up with Japan and the European Union to pursue improvements in international trade. After meeting earlier this month, they said they planned to finalize “上海夜网text-based work” on industrial subsidies early this year an,上海仙霞路夜生活Talon,d then engage other key WTO members.

JPMorgan AM turns more constructive on global stock markets

( ) – J.P. Morgan Asset Management has turned more constructive on prospects for global stock markets, saying it saw opportunities among cheaply valued mid-cap companies and financials following a year of weak returns.

“Many of our investors now see an above-average le,上海夜生活服务Idaleen,vel of opportunity across areas of global stock,上海晚上耍女人的地方Sabrina, markets,” Paul Quinsee, Global Head of Equities at the U.S. asset manager, said in an emailed not,夜上海419龙凤论坛Macey,e on Wednesday.

“Our Value team is seeing more constructive opportunities, including investing in financials and small caps; our emerging markets investors are expecting improved returns ahead … though much depends on China,” he added.

Quinsee said at current valuations, small caps looked more attractive than they had about three-quarters of the time over the past 28 years. He said many bank上海夜生活s and insurance companies now looked interesting.

The more upbeat tone from one of the world’s top asset managers adds to signs that investors’ mood is improving even though expectations for corporate profits are still proving too optimistic and trade tensions continue to pose a risk.

Last week, Fidelity International’s multi-asset fund said it has moved to overweight on emerging-market equities and cut cash holdings to underweight.

U.S.’ Mnuchin expects progress in ‘complicated’ China trade talks

WASHINGTON ( ) – U.S. Treasury Secretary Steven Mnuchin said on Monday the United States expects significant progress this,上海夜网Naia, week in trade talks with Chinese Vice Premier Liu He, but the two sides will be tack上海夜生活网ling “complicated issues”, including how to enforce any deal.

The talks, scheduled for Wednesday and Thursday in Washington, will include a meeting between Liu and U.S. President Donald Trump and take place amid worsening tensions between the world’s two largest economies.

The U.S. Justice Department on Monday unsealed indictments against China’s top telecommunications equipment maker, Huawei Technologies Co, accusing it of bank and wire fraud to evade Iran sanctions and conspiring to steal trade secrets from T-Mobile US Inc.

China, meanwhile, formally challenged U.S. tariffs on Chinese goods in the World Trade Organization’s dispute settlement system, calling the duties a “blatant breach” of Washington’s WTO obligations.

U.S. Commerce Secretary Wilbur Ross insisted at a news conference that the Huawei indictments ar,上海夜生活Mace,e “law enforcement actions and are wholly separate from our trade negotiations with China.”

The Huawei indictment came as a Chinese delegation including Liu and Vice Commerce Minister Wang Shouwen was already in Washington preparing for the talks, a person familiar with the discussions said.

Mnuchin, speaking at a White House news conference, said the two sides were trying to tackle “complicated issues,” including a way to verify enforcement of China’s reform progress in any deal with Beijing.

The Treasury chief, who will be among the top U.S. officials at the negotiating table, said Chinese officials had acknowledged the need for such a verification mechanism.

“We want to make sure that when we get a deal, that deal will be enforced,” Mnuchin said. “The details of how we do that are very complicated. That needs to be negotiated. But IP (intellectual property) protection, no more forced joint ventures, and enforcement are three of the most important issues on the agenda.”

reported earlier this month that U.S. officials were demanding regular reviews of China’s progress on pledged trade reforms, which would maintain the threat of tariffs long term.

Mnuchin added that there had been “significant movement” in the talks so far, and there will be around 30 days for further negotiations after the meetings in Washington on Wednesday and Thursday to reach an agreement before a March 2 deadline for increasing U.S. tariffs on Chinese goods.

Mounting concerns for both countries, including China’s slowing economy and Trump’s need for a political win, could prod both sides toward a “partial, interim deal,” said Eswar Prasad, a Cornell University trade professor and former head of the International Monetary Fund’s China department.

“There remains a vast distance separating the negotiating positions of the two sides, making a comprehensive and durable deal unlikely,” Prasad said.

Related CoverageChina trade delegation arrives in Washington for talks: Xinhua

China is unlikely to give much ground on industrial policy and state support for industries, but it could promise to improve intellectual property protections and enforcement. However, persuading U.S. negotiators that these can be verified will be a “hard sell,” Prasad added.

The White House said that U.S. Trade Representative Robert Lighthizer w,上海夜生活群Rachel,ould lead the talks for the American side, with participation from Mnuchin, Commerce Secretary Wilbur Ross, White House economic adviser Larry Kudlow and White House trade and manufacturing adviser Peter Navarro.

It said the meetings will take place in the Eisenhower Executive Office Building, part of the White House complex.

Written by shyw on June 7, 2019 Categories: fblpntlx Tags: , ,

Schlumberger shares rise on lower 2019 capex, international outlook

( ) – Oilfield services provider Schlumberger NV (SLB.N) said on Friday it would spend less in 2019 and forecast single-digit growth in international markets this year, sending its shares as much as 5 percent higher.

With the sharp drop in oil prices since 2014 many producers have evaluated spending budgets for 2019, stoking concerns that a slowdown in activity would hurt oilfield service companies, which have struggled to boost their prices.

Schlumberger, a bellwether for the oilfield services sector, expects full-year 2019 capital expenditure of between $1.5 billion and $1.7 billion, versus $2.2 billion in 2018, driven by lower spending in North America, Chief Executive Officer Paal Kibsgaard said on an earnings call.

Shares of Schlumberger rose more than 5 percent to $43.60 in early trading.

“The downward guidance for 2019 capital expenditures helped solidify the dividend is safe,” said Bri上海夜生活论坛an Youngberg, a senior energy analyst for Edward Jones.

Schlumberger said recent volatility in crude prices has led to even more uncertainty in the spending outlook for oil and gas producers. Crude prices have tumbled roughly 30 percent since October.

“Future investments will likely be much closer to a level that can be covered by free cash flow,” Kibsgaard said about its U.S. operator customers.

But he said that even as operators tighten their purse strings, the company had built “significant flexibility” into its 2019 operating plan. He also said supply cuts by OPEC and Russia could lead to a gradual recovery in oil prices in 2019.

And after several years of underinvestment, the compan,上海夜生活桑拿会所Hadrian,y anticipates growth in international markets, driven by higher activity in regions including Latin America, Africa and Asia.

Revenue from Schlumberger’s North America business rose 0.3 percent year over year to $2.82 billion, while international revenue rose nearly 1 percent to $5.28 billion.

Schlumberger warned in early December that fourth-quarter North America revenue would take a hit due to steeper-than-anticipated declines in the hydraulic fracturing market.

Revenue from its OneStim hydraulic fracturing businesses slid 25 percent sequentially in the fourth quarter, prompting the company to idle some of its fleets late in the fourth quarter, it said.

While analysts called Schlumberger’s results neutral to positive, investment firm Tudor Pickering Holt & Co noted they would not “do much to make investors feel a sense of urgency to dive headlong into OFS (oilfield service) stocks.”

Fourth-quarter net income was $538 million, or 39 cents per share, compared with a loss of $2.26 billion, or $1.63 per share, a year earlier when it took $2.7 billion in charges, including a $938 million write-down on its Venezuelan holdings and unpaid bills there,上海夜哪里艳遇Sabia,.

Excluding one-time items, the company earned 36 cents per share, in line with analysts’ estimates, according to IBES data from Refinitiv.

Revenue was flat at $8.18 billion, ,上海夜生活论坛Nala,compared with a year earlier, but beat the average analyst estimate of $8.04 billion.

U.S. labor market strong; mid-Atlantic factory activity improves

WASHINGTON ( ) – The number of Americans filing applications for jobless benefits unexpectedly fell last week, pointing to sustained labor market strength that should continue to underpin the economy.

Other data on Thursday showed factory activity in the mid-Atlantic region rebounded in January from near a 2-1/2-year low, driven by a surge in new orders, which could allay concerns that manufacturing production was slowing sharply.

While the data so far suggest the economy is in relatively good shape, there are concerns an ongoing partial shutdown of the federal government could erode both business and consumer confidence, leadin,上海夜网后花园Queena,g to cuts in spending.

Initial claims for state unemployment benefits decreased 3,000 to a seasonally adjusted 213,000 for the week ended Jan. 12, the Labor Department said on Thursday. Economists polled by had forecast claims would rise to 220,000 last week.

The dollar .DXY gained against a basket of currencies. U.S. Treasury yields largely rose while stocks on Wall Street were mixed.

The claims data covered the survey period for the nonfarm payrolls portion of January’s employment report.

Claims fell 4,000 between the December and January survey periods. While that would suggest little change in labor market conditions after the economy created 312,000 jobs in December, the longest government shutdown in U.S. history raises the risk,上海夜上海夜生活论坛生活网交流Paisley, of a drop in payrolls.

Some 800,000 government workers missed their first paycheck last Friday because of the partial shutdown, which started on Dec. 22 as President Donald Trump demanded that Congress give him $5.7 billion this year to help build a wall on the country’s border with Mexico.

The pay period for most federal employees that includes the week of Jan. 12 runs from Jan. 6 to Jan. 19. About 380,000 workers have been furloughed, while the rest are working without pay. Furloughed workers will probably be counted as unemployed.

“The federal government shutdown could make the payroll jobs number a walking disaster,” said Chris Rupkey, chief economist at MUFG in New York. “Payroll employment is likely to dive in January with perhaps 300 or 400 thousand jobs lost.”

Private contractors working for many government agencies are also without pay. But Trump has signed legislation for all employees to be paid their salaries retroactively when the shutdown ends. Some economists say that could result in the shutdown having a small impact on January payrolls.

MODEST-MODERATE GROWTH

The Trump administration has been recalling some employees to work without pay in an effort to minimize the fallout from the shutdown. Publication of economic data compiled by the Commerce Department’s Bureau of Economic Analysis and Census Bureau has been suspended during the shutdown.

That includes December’s housing starts and building permits report, which was scheduled for release on Thursday. November’s construction, factory orders and trade figures have also been delayed, as well as December retail sales and November business inventories data.

The incomplete data is making it hard to get a clear read on the economy, which could complicate policy decisions.

The Federal Reserve said on Wednesday in its Beige Book report, which offers a snapshot of the economy, that eight of the U.S. central bank’s 12 districts reported “modest to moderate growth” in late December and early January.

The Fed noted that while outlooks generally remained positive, “many districts reported that contacts had become less optimistic.”

That was corroborated by a separate report on Thursday from the Philadelphia Fed showing its business conditions index increased to a reading of 17.0 in January from 9.1 in December, which was its lowest level since August 2016.

The survey’s six-month business conditions index increased to a reading of 31.2 this month from 29.9 in December. But its six-month capital expenditures index slipped to a reading of 31.6 in January from 34.5 in the prior month.

Despite the modest rebound in manufacturing in the region that covers eastern Pennsylvania, southern New Jersey and Delaware, the level of activity is lower than it was for most of 2017 and 2018.

This fits in with other signs that national factory activity is slowing, having hit a two-year low in December. A report from the New York Fed earlier this week showed a second straight monthly drop in its Empire State manufacturing index in,上海夜生活去哪玩Nadia, January.

“Conditions have certainly downshifted from earlier in 2018 and compared with 2017,” said Adam Ozimek, a senior economist at Moody’s Analytics in West Chester, Pennsylvania. “This reflects simmering risks that threaten to derail the otherwise strong economy.”

Irish data watchdog investigates Twitter over privacy rules breach

DUBLIN ( ) – Twitter’s lead regulator in the European Union, the Irish Data Protection Commissioner (DPC), said on Friday it was investigating the company for a breach notification received from the social networking site.

“The DPC has this week opened a new statutory inquiry into the latest data breach it received from Twitter on 8 January, 2019,” said the Commission in a statement posted on,上海021夜网Oakley, its website.

“This inquiry will examine a discreet issue relating to Twitter’s compliance with Article 33 of the 上海夜生活GDPR.”

“We actively notify the Office of the Irish Data Protection Commissioner and the public of these issues as appropriate,” Twitter said in a statement on Friday.

“We are fully committed to working with the Data Protection Commissioner’s Office to improve the already strong data and privacy protections we offer to the people who use our services.”

Article 33 of the EU’s General Data Protection Regulation states that a personal data breach must be referred to the commissioner within 72 hours after becoming aware of it, and sets out the amount and type of information that must be supplied with the notificat,上海夜网官方网站Dalton,ion.

Under the new GDPR European privacy regulations, which came into effect in May, breaking privacy laws can result in fines of up to 4 percent of global revenue or 20 million euros ($22.82 million), whichever is higher, as opposed to a few hundred thous,上海夜生活论坛Dakota,and euros previously.

The DPC has been investigating Twitter since November for a number of other breach notifications received from the company since the introduction of the GDPR.

‘Thanks, but no thanks’ – Norwegians reject Trump’s immigration offer

(Note: Strong language in paragraphs 1,4, 15 & 18)

By Terje Solsvik and Camilla Knudsen

OSLO ( ) – Many Norwegians rejected on Friday a suggestion by U.S. President Donald Trump that they would be more welcome to move to the United States than immigrants from “shithole countries” such as Haiti or African nations.

The Nordic country, one of the richest in the world by GDP per capita, was last year named the happiest nation on the planet and is known for a cradle-to-grave welfare state funded in part by large reserves of oil and natural gas.

Trump mentioned Norway in derogatory comments about other countries of migration as U.S. senators briefed him on Thursday on a newly drafted bipartisan immigration bill, according to two sources who asked not to be identified.

One of the sources who was briefed on the conversation quoted him as saying: “Why do we want all these people from Africa here? They’re shithole countries … We should have more people from Norway.”

In one of several Twitter posts on Friday, Trump defended his stance on a bipartisan Senate immigration deal, but denied using the vulgar language ascribed to him.

“The language used by me at the DACA (Deferred Action for Childhood Arrivals) meeting was tough, but this was not the language used,” he said. He also later denied using derogatory language about Haitians.

“On behalf of Norway: Thanks, but no thanks,” tweeted Torbjoern Saetre, a politician representing Norway’s Conse上海夜网rvative Party in a municipality near Oslo.

Others condemned the U.S. president’s comments as inappropriate or racist.

“We are not coming. Cheers from Norway,” one woman wrote.

While hundreds of thousands of Norwegians emigrated to the U.S. in the 19th century, just 502 out of a population of 5.3 million people moved there in 2016, down 59 from the previous year, according to Statistics Norway.

“Will there be more now?” the statistics agency asked in a tweet.

Government officials, seeking to deflect attention, turned down a chance to comment. “We respectfully decline the opportunity,” one government official said when contacted by .

The reference to Norway may have been prompted by Prime Minister Erna Solberg who visited the White House on Wednesday when the president praised Norway for running a trade deficit with the United Sta,上海会所夜网Rachel,tes and for buying U.S. military equipment.

Christian Christensen, an American professor of,上海夜生活服务Eden, journalism at Stockholm University in neighboring Sweden, tweeted:

“Of course people from #Norway would love to move to a country where people are far more likely to be shot, live in poverty, get no healthcare because they’re poor, get no paid parental leave or subsidized daycare and see fewer women in political power. #Shithole”

Before the “shithole” controversy, former Swedish Prime Minister Carl Bildt tweeted that, judging by Solberg’s visit, “keys to success with Trump is personal charm, a solid trade deficit with the U.S. and buying tons of U.S. military hardware.”

Solberg, whose office also declined to comment on Trump’s remarks, is expected to announce soon an expansion of her cabinet to include Norway’s Liberal Party, a centrist group that favors strong environmental poli,上海夜生活论坛Landon,cies and more immigration.

“The first point of order in the new government declaration: Norway will still not be a shithole country,” tweeted Kjetil Alstadheim, the political editor of financial daily Dagens Naeringsliv.

Vodafone holds off deploying Huawei in core network due to security…

LONDON ( ) – Vodafone, the world’s second largest mobile operator, said it was “pausing” the deployment of Huawei equipment in its core networks until Western governments give the Chinese firm full security clearance.

The United States and some allies, including Australia and New Zealand, have banned Huawei from 5G networks because of alleged ties to the Chinese government, while the firm has denied that its technology could be used by Beijing for spying.

Vodafone’s Chief Executive Nick Read said on Friday after reporting third-quarter results that the debate was playing out at a “too simplistic level”, adding that Huawei was an important player in an equipment market which it dominates along with Ericsson Sweden’s Ericsson and Nokia.

“We have decided to pause further Huawei in our core whilst we engage with the various agencies and governments and Huawei just to finalize the situation, of which I feel Huawei is really open and working hard,” Read said.

Poland is set to exclude Huawei from 5G after it arrested a Huawei executive earlier this month on spying allegations. Huawei fired the man, who has denied wrongdoing.

Europe’s mobile industry would face higher costs and delays to faster networks if authorities imposed a blanket ban on Huawei equipment, particularly the radio technology deployed on mobile towers, Vodafone’s Read said.

Operators in Europe such as BT and Ora上海夜网nge, have already removed Huawei’s equipment or taken steps to limit its future use.

Read said Huawei’s equipment was used in Vodafone’s core – which he described as the intelligent part of the network – in Spain and some other smaller markets.

European governments and security agencies had not pressurized Vodafone into taking the step, but the “noise level” had increased, and,上海夜网推油Babette, the debate now needed more facts, Read said, adding that governments in Africa and the Middle East, where Vodafone also uses Huawei, had not raised concerns.

A spokesman for Huawei, which become the world’s biggest telecoms equipment maker earlier this decade despite being shut out of the U.S. market, said it had been a long-term strategic partner to Vodafone since 2007.

“Huawei is focused on supporting Vodafone’s 5G network rollouts, of which the core is a small proportion. We are grateful to Vodafone for its support of Huawei and we will endeavor to live up to the trust placed in us,” he said.

However, Read said that Vodafone had already agreed terms with a range of 5G suppliers, so moving away from,夜上海论坛Octava, Huawei in parts of the roll-out would not incur additional costs.

TOUGH END TO YEAR

Shares in Vodafone fell after it reported a deterioration in its key revenue measure in the third quarter, down 40 basis points quarter-on-quarter to 0.1 percent, reflecting price competition in Spain and Italy and a slowdown in South Africa.

Analysts had expected growth of 0.3 percent and the stock fell to its lowest level since July 2010 after the update, trading down 2.9 percent at 140 pence at 1245 GMT.

Vodafone said, however, that competition in the Spanish and Italian markets had moderated through the quarter and it improved its level of churn, or the number of customers leaving, by two percentage points year-on-year.

The company’s Chief Financial Officer Margherita Della Valle said the performance improvements would start to show in the top line after the current quarter.

“We expect as we enter into the next fiscal year to start seeing the benefits in terms of revenue growth,” she said.

Analysts at UBS said Vodafone performed well in net adds and churn across Europe, but they expected fourth quarter service revenue to drop to –0.5 percent, driven by weakness in Spain and tougher comparatives in Britain.

“This is disappointing relative to prior comments that service revenues would be similar to the +0.5 percent seen in Q2,” they said.

Vodafone’,上海夜生活怎么玩Paisley,s reiterated its guidance for this year of around 3 percent growth in underlying adjusted core earnings, with free cash flow before spectrum costs of about 5.4 billion euros.

ProSieben sees pressure easing as Netflix raises prices

MUNICH ( ) – ProSiebenSat.1 Media believes that price increases by U.S. streaming giant Netflix could ease competitive pressures on the Ge,上海夜生活Dahlia,rman group’s core TV business and is bullish on growth at its e-commerce arm, CEO Max Conze said.

Conze took the helm at the Munich-based broadcaster last June but has had a rough welcome from investors who have sent its shares to seven-year lows on doubts that he can revive its ailing free-to-air TV business.

The former CEO of UK appliances company Dyson told that plans to relaunch a German streaming venture in cooperation with Discovery Inc, public broadcaster ZDF, publisher Axel Springer and possibly others were on track for上海夜网 late summer.

“We think there is very meaningful space next to Amazon and Netflix to create a German Hulu that aggregates all the German content that people love,” he said, referring to the Disney-backed U.S. platform.

Asked about the recent price increase by Netflix, as well as the cash burn reported in its latest results, Conze expressed hope that the U.S. streaming giants would move towards a model that seeks to target profit as well as growth. [nL3N1ZH4VU]

“Part of the challenge has, of course, been that the streaming ,上海夜生活群Jack,direct-to-consumer models – both Netflix and Amazon – are fundamentally subsidized. They are not really money-making models,” said Conze.

“They are great for you and me as consumers, but hard to compete against. If these companies get a little bit more focused in the future on how to turn this into a profitable business model, that actually creates an environment that makes it somewhat easier for us to compete.”

Speaking on the sidelines of the DLD Munich technology conference on Sunday, Conze also forecast that ProSieben’s e-commerce arm NuCom would this year achieve revenue growth, including acquisitions, in excess of 20 percent.

“That business is developing, growing rapidly and very synergistic with entertainment,” he said.

NuCom’s match-making property Parship Elite bought U.S. dating ,上海夜生活怎么玩Octavia,site eharmony late last year and recently secured direct control over home services company Aroundhome. [nL8N1X91SY][nL8N1ZE23R]

The e-commerce unit, which owns 10 properties, has “another couple of things that are cooking”, said Conze, declining to elaborate.

Written by shyw on October 8, 2018 Categories: fblpntlx Tags: , , ,

John Anderson, liberal Republican who challenged Reagan, dies at 95

WASHINGTON ( ) – John Anderson, a former Republican congressman who challenged the party’s conservative drift by taking on its chief symbol, Ronald Reagan, and ran for president as an independent in 1980, died on Sunday. He was 95.

Anderson had been ill for some time, family friend Dan Johnson told in a telephone interview. Ande,上海会所夜网Hal,rson’s wife, Keke, and his daughter Diane were at his side when he died in Washington, Diane Anderson said by phone.

Anderson finished a distant third with almost 7 percent of the vote in the 1980 presidential election but gave almost 6 million voters an alternative to the conservative Reagan – who won the election – and the unpopular Democratic president, Jimmy Carter.

But Anderson did not win a single precinct and political analysts said he ultimately may have contributed to Reagan’s electoral landslide by taking votes from Carter.

Anderson’s first venture into politics came in 1956 when he was elected as a state attorney in Illinois. In 1960, he won the first of 10 terms in the U.S. House of Representatives running as a conservative.

He later moved to the left, breaking with conservatives in 1968 by voting for a bill to outlaw racial discrimination in housing.

Anderson served as chairman of the House Republican Conference for the next 10 years even as he became more critical of Republican President Richard Nixon, especially on his handling of the Vietnam War. He was上海夜生活 one of the first Republican House members to call for Nixon’s resignation over the Watergate scandal.

“He’s the smartest guy in Congress, but he insists on voting his conscience instead of party,” Republican U.S. Representative Gerald Ford, who later become president, said of Anderson in 1973.

In 1980, with Carter low in the opinion polls and his administration mired in the Iran hostage crisis, many Republicans, including Anderson, jumped into the party’s presidential primaries for a chance to oppose the Democrat in the November election.

INDEPENDENT CANDIDACY

Reagan, who had come close to winning the Republican presidential nomination in 1976, quickly moved to the front of the race, with his main opponent being former U.N. Ambassador George H.W. Bush.

Anderson dropped out of the Republican primaries in the spring of 1980 and announced he was running as an independent. When he entered the race, he was enthusiastically greeted as an alternative to the major parties, getting around 25 percent support in at least one poll.

But his poll,上海夜生活桑拿会所Jacob, numbers began sliding, even though he was seen as having bested Reagan in surveys after a televised debate with the Republican presidential nominee.

Carter boycotted that debate and refused to face Reagan if Anderson was included. Carter finally agreed to a debate with Reagan shortly before the election, when the sponsoring League of Women Voters agreed not to invite Anderson.

Four years later, Anderson’s break with conservative Republicans was complete and he supported Democratic presidential nominee Walter Mondale, who lost to Reagan in a landslide.

Born in Rock,上海晚上耍女人的地方Dahlia,ford, Illinois, on Feb. 15, 1922, Anderson was educated at the University of Illinois Urbana-Champaign and Harvard Law School. He served in the Second World War and joined the foreign service, stationed in Germany, his family said in a statement.

After his presidential defeat, Anderson became a visiting professor at various universities, wrote extensively and served on many boards including FairVote, a voting rights organization formerly known as the Center for Voting and Democracy.

In the 2000 presidential election, Anderson was seen as a possible presidential candidate for the Reform Party founded by Texas billionaire Ross Perot, but he ended up endorsing Ralph Nader.

Diane Anderson said her father believed the two-party system was broken and was appalled by what happened with the Republican Party.

“Everything he wanted to prevent unfortunately came to pass,” she said.

U.S. lawmakers question businessman at 2016 Trump Tower meeting:…

WASHINGTON ( ) – A Georgian-American businessman who met then-Miss Universe pageant owner Donald上海夜生活 Trump in 2013, has been questioned by congressional investigators about whether he helped organize a meeting between Russians and Trump’s eldest son during the 2016 election campaign, four sources familiar with the matter said.

The meeting at Trump Tower in New York involving Donald Trump Jr. and other campaign advisers is a focus of probes by Congress and Special Counsel Robert Mueller on whether campaign officials colluded with Russia when it sought to interfere in the U.S. election, the sources said. Russia denies allegations by U.S. intelligence agencies that it meddled in the election and President Donald Trump denies any collusion.

The Senate and House of Representatives intelligence committees recently questioned behind closed doors Irakly Kaveladze, a U.S. citizen born in the former Soviet republic of Georgia, the sources said. He is a U.S.-based representative of Azerbaijani oligarch Aras Agalarov’s real estate firm, the Crocus Group,上海高端夜生活在那里Jackson,.

The panels knew Kaveladze was at the June 9, 2016 meeting but became more interested in him after learning he also attended a private dinner in Las Vegas in 2013 with Trump and Agalarov as they celebrated an agreement to hold that year’s Miss Universe pageant in Moscow, the sources said.

Committee member,上海夜哪里艳遇Octava,s now want to know more about the extent of Kaveladze’s contacts with the Trump family and whether he had a bigger role than previously believed in setting up the Trump Tower meeting when Trump was a Republican candidate for president.

The White House declined to comment. Mueller’s office also declined to comment.

Scott Balber, a New York lawyer who represents Kaveladze, confirmed that his client attended both the dinner in Las Vegas and the Trump Tower meeting but said he did not set up the second meeting. Trump’s son-in-law Jared Kushner, other Trump campaign aides, and Russian lawyer Natalia Veselnitskaya were also at that meeting.

Lawyer Balber also said the committees were only seeking Kaveladze’s input as a witness and were not targeting him for investigation.

“No-one has ever told me that they have any interest in him other than as a witness,” Balber said.

Lawyers for Trump Jr. and Kushner did not respond to requests for comment about their contacts with Kaveladze. A lawyer for President Trump declined to comment.

One photograph from the 2013 dinner, when Trump still owned the Miss Universe pageant, shows Agalarov and his pop singer son Emin along with Trump, two Trump aides and several other people at the dining table. Another shows Kaveladze standing behind Trump and Emin Agalarov as they speak.

The pictures were found by a University of California at Irvine student and blogger Scott Stedman, who posted them on Nov. 22. Aras Agalarov is a billionaire property developer in Russia who was awarded the Order of Honor by Russian President Vladimir Putin.

Several U.S. officials who spoke on condition of anonymity said Mueller’s team and the committees are looking for any evidence of a link between the Trump Tower meeting and the release six weeks later of emails stolen from Democratic Party organizations.

They are also trying to determine whether there was any discussion at the New York meeting of lifting U.S. economic sanctions on Russia, a top priority for Putin, the officials said.

Rob Goldstone, a British publicist, told Trump Jr. ahead of the New York meeting that Russian lawyer Veselnitskaya would be bringing damaging information about donations to a charity linked to Trump’s Democratic rival Hillary Clinton, according to emails later released by Trump Jr.

Trump Jr. initially said the meeting was about Russian adoptions but later said it also included Veselnitskaya’s promises of information on the donations to the Clinton charity. He said he ultimately never received the information, although it was later posted on the Internet.

In a statement issued after meeting with the Senate Judiciary Committee on Sept. 7, Trump, Jr. said Goldstone and Veselnitskaya were in a conference room with him as well ,夜上海419龙凤论坛Sabine,as Kaveladze and a translator.

Balber said Kaveladze attended expecting to serve as a translator, although he did not do so in the end because Veselnitskaya brought her own.

Lockheed forecasts 2019 profit below view, but sees higher cash flow

( ) – Lockheed Martin Corp, the Pentagon’s top weapons supplier, on Tuesday forecast 2019 profit below estimates and reported that quarterly margins slipped at the unit that makes the radar-evading F-35 fighter jet and C-130 transport plane.

Operating margins at the aeronautics division, Lockheed’s biggest, fell to 10.6 percent in the fourth quarter from 11.6 percent a year earlier.

Chief Financial Officer Bruce Tanner told investors on a conference call the aeronautics business posted lower margins because the unit was investing in new business lines.

Margins also took a hit on lower sales in the C-130 transport aircraft program. Operating margins measure how much profit a company makes on a dollar of sales.

The company planned to invest as much as $1.7 billion in 2019 to support growth in its space unit as well as several classified business lines, Tanner said, citing hypersonic weapons a上海夜生活s a growing area of investment.

Lockheed and other U.S. weapons makers sales are expected to benefit from stronger global demand for fighter jets and munitions and higher U.S. defense budgets in fiscal 2020.

Jim Corridore, an analyst at CFRA Research, wrote in a note that Lo,上海夜生活Eason,ckheed was expected to “benefit from strong FY 19 military funding in aeronautics and missile systems, while space systems should also see growth.”

Shares rose half a percent to $289.20 as the company also forecast cash from operations in 2019 at $7.4 billion, higher than its outlook of $7 billion three months ago. The stock has tumbled 24 percent in the fourth quarter on fears of slowing global growth.

During the quarter, Lockheed’s order backlog grew 19 percent to $130.5 billion from $109 billion.

Lockheed expects full-year profit to range between $19.15 and $19.45 per share, below the average analyst estimate of $19.55, according to IBES data from Refinitiv.

U.S. allies showed increased interest in purchasing the F-35 jet during the quarter, which offset som,上海晚上耍女人的地方Queena,e headwinds caused by the C-130 weakness.

Belgium chose to replace its aging F-16s with F-35s in a $4 billion euro ($4.55 billion) deal in October.

Japan and the United Kingdom both increased their existing orders for the stealth jets.

The company finished the year delivering 91 F-35 jets in 2018, up from 66 jets a year earlier. Lockheed has said it aims to deliver more than 1,上海足浴夜网联系方式Hadrian,30 F-35s in 2019. On the call, Tanner said that number would be above 160 in 2021.

Sales at the company’s missiles and fire control business, which makes PAC-3 missiles for the Patriot missile defense system and the Terminal High Altitude Area Defense system (THAAD), designed to shoot down short-, medium-, and intermediate-range ballistic missiles, rose 22 percent to $2.4 billion during the fourth quarter.

In late November, Saudi Arabia agreed on a $15 billion deal to buy the THAAD system.

The company earned $4.39 per share from continuing operations, just short of estimates of $4.40 per share.

Net sales rose 4.1 percent to $14.41 billion.

During the quarter Lockheed had an effective tax rate of 13.6 percent which gave it a full-year tax rate of 15.5 percent following corporate tax reform in the United States.

Trump, on possibility of North Korea talks, says: ‘Who knows where…

WASHINGTON/SEOUL ( ) – U.S. President Donald Trump said on Wednesday after the first intra-Korean talks in over two years that the United States was willing to speak to North Korea “under the right circumstances,” although it was far from clear whether this would pay dividends.

South Korea said Trump had also said in a phone call with its President Moon Jae-in that there would be no military action while North-South talks were going on and that a Wall Street Journal article saying he was contemplating a military strike against North Korea was “completely wrong.”

“Who knows where it leads?” Trump told reporters at the White House after his call with Moon to discuss Tuesday’s North-South talks, the first since 2015.

He said Moon told him the talks went well, and added: “Hopefully it will lead to success for the world, not just for our country, but for the world. And we’ll be seeing over the next number of weeks and months what happens.”

At a later news conference with the visiting Norwegian prime minister, Trump said the United States had problems with North Korea, but “a lot of good talks are going on right now.”

“I see a lot of good energy. I like it very much … So, hopefully, a lot of good things are going to work out.”

“I think that we will have peace through strength,” he said, a reference to his policy of maintaining a powerful U.S. military.

South Korea’s Presidential Blue House said both men had said the dialogue “could naturally lead to talks between the United States and North Korea for the denuclearization of the Korean peninsula after the Pyeongchang Winter Olympics.”

At Tuesday’s intra-Korea talks, North Korea said it would attend the Olympics, which South Korea will host next month, while both sides agreed to resolve problems between them through dialogue and to revive military consultations to avoid accidental conflict.

However, Pyongyang said it would not discuss its nuclear weapons because they were aimed only at the United States and not its “brethren” in South Korea, or Russia or China, showing that a diplomatic breakthrough to the crisis remained far off.

While Washington has welcomed the talks as a first step toward solving the crisis over North Korea’s program to develop nuclear missiles capable of reaching the United States, it has reiterated that any talks involving the United States must be aimed at North Korea’s denuclearization.

The White House said Trump told Moon the United States was willing to talk to North Korea “at the appropriate time and under the right circumstances.”

Trump, who has swung between hurling insults and threats at North Korea to expressing a willingness to 上海夜生活论坛talk, said on Saturday he would be willing to speak to North Korean leader Kim Jong Un, though not without pre-conditions.

An unsourced article in the Wall Street Journal on Tuesday said U.S. officials were debating whether it was possible to mount a limited military strike against North Korea without igniting an all-out war.

The Trump administration has said it prefers a diplomatic solution, but that all options are on the table, including military ones.

U.S. officials say Trump has been considering a number of military options, including a preemptive strike on a missile or nuclear fa,夜上海419龙凤论坛Larissa,cility, but officials and analysts have warned of the risks of triggering a catastrophic wider conflict.

A new dawn: tmsnrt.rs/2Ar8lUu

North Korea and South Korea begin talks: tmsnrt.rs/2miGPDI

MOON CREDITS TRUMP FOR TALKS

Earlier on Tuesday, Moon made a point of crediting Trump for the Korean talks and also said he himself was open to meeting with Kim at any time if conditions were right and “certain achievements are guaranteed”.

“The purpose of it shouldn’t be talks for the sake of talks,” he told a news conference, while warning that Pyongyang would face stronger sanctions if “provocations” continued.

North Korea ramped up missile launches last year and conducted its sixth and most powerful nuclear test, prompting a U.S.-led campaign to impose some of the strongest international sanctions yet, which Pyongyang dubbed an “act of war”.

Trump and Kim have exchanged threats and insults over the past year, raising fears of war. South Korea and the United States are technically still at war with the North after the 1950-53 Korean conflict ended with a truce, not a peace treaty.

Washington and Seoul opened the way for the talks last week when they announced the postponement of joint military exercises that Pyongyang has denounced as a rehearsal for invasion.

Washington had raised concerns that a New Year overture from Kim that led to the talks could be aimed at driving a wedge between the allies, but Moon said he and Washington did not differ over how to respond to North Korean threats.

“This initial round of talks is for the improvement of relations between North and South Korea. Our task … is to draw North Korea to talks aimed at the denuclearization of the North,” Moon said. “(It’s) our basic stance that will never be given up.”

The United Nations Security Council said following a briefing on the talks that it hopes “that such interactions will lead toward the denuclearization of the Korean peninsula.”

Olof Skoog, Swedish ambassador to the U.N., said his nation had called for the briefing because it was important for the Security Council to remain active and united in its efforts to resolve the Korean conflict.

On an agreement on continued military-to-military talks and the reopened inter-Korean military hotline, Skoog said: “We have consistently underlined the importance of these channels of communication to avoid misunderstanding and to reduc,上海夜生活论坛Daisy,e tensions.”

North Korea’s official Rodong Sinmun newspaper said all problems would be resolved through the efforts of the Korean people alone.

“If the North and South abandon external forces and cooperate together, we will be able to fully solve all problems to match our people’s needs and our joint prosperity,” it said.

In spite of the hopeful words about the potential for future talks, the U.S. intelligence assessment of North Korea’s weapons programs has not altered, officials say.

U.S. officials familiar with the classified analysis say the consensus is t,上海会所夜网Babette,hat Kim remains convinced that the United States is determined to overthrow him and that only a nuclear arsenal that threatens America can deter that.

One official said the North-South talks were likely to follow the pattern of past diplomatic efforts, in which North Korea has benefited from aid without making concessions.

Lee Woo-young, a professor at Seoul’s University of North Korean Studies, said it was wise of Moon to praise Trump.

“By doing that, he can help the U.S. build logic for moving toward negotiations,” he said.

The United States and Canada are due to host a conference of about 20 foreign ministers next week in Vancouver to discuss North Korea, without the participation of China, Pyongyang’s sole major ally and biggest trade partner.

The State Department said the talks, which will involve countries that supported South Korea in the Korean War, would look at ways both to increase the U.S.-led pressure campaign on North Korea and take diplomatic efforts forward.

“The pressure campaign is intended to lead to credible negotiations on denuclearization,” a spokesman said.

China said it was opposed to the meeting as it would not help reduce tensions.

Blackstone earnings sink 42 percent on lower fees; managed assets…

NEW YORK ( ) – Blackstone Group LP, the world’s largest manager of alternative assets, said on Thursday fourth-quarter earnings slumped 42 percent from a year earlier to $722 million, hurt by lower performance fees.

Distributable earnings – the actual cash available for paying dividends – were 57 cents per unit in the fourth quarter, compared with $1 per unit a year earlier, when earnings were boosted by a windfall from the sale of European warehouse firm Logicor.

Fee-related earnings, the amount Blackstone earns from management fees and a component of distributable earnings, were up 23 percent year on year at $433 million. Assets managed by Blackstone hit a record $472 billion at the end of 2018.

Despite the earnings drop, the results were described as “modestly positive” by Credit Suisse analyst Craig Siegenthaler, who rates the stock “outperform.”

At midday, Blackstone shares were up 1.7 percent at $33.70.

Blackstone, which manages assets like private equity and real estate, also said it would pay a quarterly distribution of 58 cents per common unit, slightly ahead of analysts’ estimates for 57 cents, according to Refinitiv data. ,夜上海419龙凤论坛Macey,

The firm’s private equity portfolio was down 2.9 percent in the quarter as the benchmark S&P 500 stock index dropped about 14 percent, its worst three months in more than 7 years. Its private equity ,上海夜网邀请码Quay,portfolio surged 19.1 percent for 2018. ,上海夜网后花园Eason,

Peer Apollo Global Management上海夜生活论坛 on Thursday reported its private equity fund depreciated 10.9 percent in the quarter and was down 9.8 percent for 2018.

Blackstone said its dry powder – the amount it has raised from investors but yet to invest – hit $112.9 billion, and firm President and Chief Operating Officer Jonathan Gray said the recent market volatility has created a buying opportunity.

“With pricing for risk assets down meaningfully over the past 6 months, it’s a more interesting time to deploy capital globally,” Gray said in an earnings call.

Blackstone said last week it would focus on distributable earnings as its primary performance metric, instead of economic net income, or ENI, a non-GAAP measure that reflects the mark-to-market valuation gains or losses on its portfolio.

The move follows those of peers KKR & Co and Carlyle Group in dropping the esoteric ENI metric, as they try to make their businesses easier for investors to understand.

Under generally accepted accounting principles, Blackstone posted a net loss attributable to the firm of $10.9 million for the quarter.

Rival Apollo reported an ENI per share loss for the last quarter of 2018.

In Versailles, Macron vows to reform to avoid king’s fate

VERSAILLES, France ( ) – President Emmanuel Macron told dozens of the world’s most powerful executives on Monday that he would not follow the path of guillotined French royals and would continue to reform the French economy despite a sometimes violent popular revolt.

For the second year running, Macron hosted corporate A-listers like Microsoft Chief Executive Satya Nadella, Snapchat’s Evan Spiegel and JPMorgan Chase & Co CEO Jamie Dimon at a pre-Davos dinner at Versailles.

Exactly 226 years after the decapitation of Louis XVI, who failed to plug the crown’s dismal finan,上海足浴夜网联系方式Mace,ces and quell popular discontent over a sclerotic feudal society, Macron started his speech by invoking the king and his wife Mar,上海夜玩网论坛Sabine,ie-Antoinette.

“If they met such an end, it is because they had given up on reforming,” Macron told the guests, according to his office.

His office said earlier that foreign companies including medical products comp,上海夜生活桑拿会所Hadley,any Microport, Mars, Procter & Gamble, Cisco and others would announce investments in France totaling more than 600 million euros.

The dinner was an opportunity to reassure investors of Macron’s resolve to reform the economy after images of protesters angry at his policies attacking public monuments, boutiques, banks and riot police were beamed around the world.

“There are questions about the protests’ magnitude, about the violence, because these images are shocking for foreigners,” a source at Macron’s office said before the summit.

“Last year, the summit was in a totally different dynamic, it was all about ‘France is back’. Here we’re in a tougher part of the mandate domestically and that requires more explanations,” the source added.

On Monday, Macron told the business leaders the “yellow vest” movement was part of a bigger picture of middle-class angst over globalization that gave rise to Brexit in Britain, as well as the rise of populist parties in Germany or Italy.

“The solution to the crisis is not to roll back what we have done in the past 18 months,” he said.

Macron was elected in May 2017 against a far-right candidate on a promise to create jobs and drive growth by cutting corporate taxes, easing France’s rigid labor regulations, and developing a more skilled labor force.

He began making good on those campaign pledges in a reform blitz during the first 18 months of his presidency that has impressed investors but infuriated low-paid workers, who feel he favors big busin上海夜生活ess and is indifferent to their struggle to make ends meet.

Over the past two months, that popular anger has been vented at protests across France. The unrest has convulsed Macron and his government and forced costly concessions.

Macron is not attending the World Economic Forum in the Swiss ski resort of Davos, his office says, so that he can deal with quelling the yellow vest uprising.

Below are some of the key investment pledges announced on Monday:

* Microport: 350 million euros over five years to expand a Research & Development center.

* Mars: 120 million euros invested in eight different sites including the Haguenau plant where M&Ms are produced.

* Procter & Gamble: 50 million euro investment in a new detergent production line at its Amiens plant.

* Transpod: 20 million euro investment to finance a 3-km (1.9-mile) hyperloop test line.

Health secretary nominee indicates support for Medicaid overhaul

WASHINGTON ( ) – Alex Azar, a former drug industry executive and lobbyist nominated to run the U.S. Department of Health and Human Services, indicated on Tuesday he supported a Republican bid to overhaul Medicaid and again vowed to tackle high drug prices.

Azar appeared before the Senate Finance Committee on Tuesday, which will ultimately decide whether to move his nomination forward. Azar also vowed to uphold Obamacare as long as it remained the law but said that the program needed changes.

“I believe I have a very important obligation to make the program work as well as possible,” Azar said during the wide-ranging hearing,上海晚上耍女人的地方Gabriel, that lasted more than two hours. “What we have now is not working for people.”

Republicans have been trying to dismantle the 2010 Affordable Care Act, former President Barack Obama’s signature domestic policy achievement. Repealing and replacing Obamacare was one of President Donald Trump’s most frequently repeated campaign promises but Congress has repeatedly tried and failed to do so.

Azar said he favored elements of a Republican Senate Obamacare repeal bill that failed to garner enough support last year, which would have fundamentally restructured Medicaid, the government insurance program for the poor and disabled.

The doomed measure proposed repealing enhanced federal funding for Medicaid under Obamacare and instead providing block grants to states based on the number of enrollees in each state. The block grants, coupled with the repeal of Medicaid expansion, would slash funding to the 31 states that expanded the government program under Obamacare.

Azar said he supported that element of the legislation because it would provide states more flexibility in deciding how to run their Medicaid programs. Some Republican lawmakers have fl上海夜生活网oated the idea of taking on Medicaid reform as a legislative priority this year.

Azar spent about a decade at Eli Lilly & Co, including five years as president of its U.S. unit. Democrats on Tuesday pointed to a handful of Lilly drugs whose prices more than doubled under Azar’s watch and fiercely questioned how seriously he would work to make prescription drugs more affordable.

During the questioning, Azar did not dismiss the possibility of allowing Medicare, the government health program for the elderly, to negotiate drug prices, a ,上海夜网邀请码Barbara,favored proposal among Democrats.

Azar vowed to work with Republicans and Democrats on his four top priorities: drug pricing, making healthcare more affordable and helping people who cannot purchase insurance on the Obamacare market, Medicare reform and the opioid epidemic.

Senator Ron Wyden, the top-ranking Democrat on the committee, said Azar’s promise to work on a bipartisan basis was a welcome change from the previous health secretary, Tom Price, who Wyden said did not work with Democrats.

Price, a former U.S. Republican Representative, resigned in September amid a furor over his use of expe,上海夜生活去哪玩Octava,nsive taxpayer-funded private charter jets for government travel.

Airbus says ministers signal optimism Britain will avoid ‘no-deal…

MOBILE, Ala. ( ) – The chief executive of European planemaker Airbus said on Wednesday British ministers had expressed a “certain degree of optimism” that Britain would not leave the European Union without a transition deal.

Airbus was among companies represented on a conference call between business leaders and British ministers late on Tuesday after the government lost a vote in parliament on Prime Minister Theresa May’s plans for an exit deal.

Asked in the,上海夜生活怎么玩Pablo, United States whether businesses had received assurances that Britain would not leave the EU without a deal, Airbus Chief Executive Tom Enders said, “I would not say assurances, but I would say ministers have expressed a certain degree of optimism that a no-deal Brexit would not happen.”

Enders campaigned against Britain leaving the European Union ahead of a 2016 referendum and last week urged politicians to speed up efforts to avoid a disorderly exit.

“Anything that avoids a hard Brexit is good news for us in industry and I think we also have clear signs that Brussels would be willing to consider that, if there was a clear path forward to find a solution,” he told a news conference.

Planemaking chief Guillaume Faury, who succeeds Enders as head of Europe’s largest aerospace company in April, said Airbus had stockpiled a “couple of weeks” of extra parts to cope with any border disruption after Britain leaves the EU on March 29.

But he warned that not all sub-suppliers may have robust plans.

“We would be in un,上海夜生活群Paisley,charted territory with a level of risk that would be hard to quantify,” he told reporters.

Both executives were speaking on the s,夜上海论坛Barrett,idelines of a ceremony to expand Airbus’s U.S. operations with an assembly line for its recent上海夜生活网ly acquired A220 jet, a Canadian-developed airliner whose wings are made at a factory in Northern Ireland.

Trump administration issues new rules on U.S. visa waivers

WASHINGTON ( ) – The Trump administration put new requirements in place on Friday for the 38 countries participating in the U.S. Visa Waiver Program, including that they use U.S. counterterrorism data to screen travelers, officials said.

The program allows citizens of mainly European countries to travel to the United States for up ,上海新夜网龙凤Gabrielle,to 90 days without a visa. Citizens from the 38 countries are required to obtain a so-called travel authorization to enter the United States.

President Donald Trump has sought to tighten the rules for those seeking to visit or live in the United States in several ways,上海夜生活 saying restrictions are necessary for security reasons.

The changes will apply to all countries in the program. One change is that they will be required to use U.S. information to screen travelers crossing their borders from third countries. Many countries in the program already do that, one administration official said.

Countries whose citizens stay longer than authorized during visits to the United States at a relatively higher rate will be required to conduct public awareness campaigns o,夜上海论坛Ida,n the consequences of overstays, the officials said. One existing penalty is that people who overstay a visit may not travel visa-free to the United States in the future.

The threshold for the overstay rate triggering the public information campaign requirement is two percent, the officials said. In the 2016 fiscal year, of the VWP countries, Greece, Hungary, Portugal, and San Marino, a wealthy enclave landlocked inside central Italy, had total overstay rates higher than two percent, according to a report by the Department of Homeland Security.

The overall overstay rate for VWP countries is 0.68 percent, lower than non-VWP countries excluding Canada and Mexico, which is at 2.07 percent, according to the DHS report.

Members of Congress have expressed concern about the security risks of overstays. A May 2017 report by the DHS inspector general found the department lacked a comprehensive system to gather information on departing visitors, forcing it to rely on third-party data to confirm departures, which is sometimes faulty.

The United States will also start assessing VWP countries on their safeguards against “insider threats” at their airports, especially those with direct flights to the United States, officials said.

The goal is to ensure countries “make sure that airport emp,上海夜生活网交流Gabriel,loyees, aviation workers et cetera, aren’t corrupted or are co-opted to pose a threat to aircraft, especially those that are U.S.-bound,” an official said.