European lawmakers endorse industry levy to fund EIOPA

first_imgEuropean lawmakers have backed an industry levy to fund the European Insurance and Occupational Pensions Authority (EIOPA), calling for the system’s design to be agreed by 2017.In a report prepared by the European Parliament’s Economic and Monetary Affairs Committee (ECON), MEP Markus Ferber said EIOPA’s current mixed financing model was “inflexible, burdensome and a potential threat to its independence”.Ferber, named ECON deputy chairman last year, called for the European Commission to design one of two systems to replace the current funding model, which sees national supervisors split the cost of EIOPA’s budget with funding from the Commission budget.He suggested EIOPA either be funded solely through an industry levy or through both an industry levy and an independent budget line within the EC budget. The report, which Ferber saw endorsed by the majority of ECON last month, was discussed by the Budgetary Control committee (CONT) on Monday.The committee’s MEPs also backed the report 24 to 3, building further pressure on the Commission to bring forward reform proposals.Ferber’s report comes after the European Commission said it would like to overhaul both the governance structures and funding models of all three European Supervisory Authorities, a reform that could see the standalone occupational pensions stakeholder group (OPSG) merged with its insurance equivalent.Jonathan Hill, commissioner for financial stability, recently told IPE he thought private funding of EIOPA was possible to achieve, but added that it was too early to speculate about “any concrete proposal” at the current time.EIOPA chairman Gabriel Bernardino has also championed the idea of an industry levy.last_img read more

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Millions spent to snap up cliffside ‘castle’ in Brisbane hinterland

first_imgThe home stands proud against the cliff face with strong Asian influences. The four bathroom, nine car space property is just half an hour northwest of the Brisbane CBD with a massive 26 hectares attached to it.Bound by giant walls of glass on the cliffside and secure walls of concrete on the roadside, the home at 948 Mount Nebo Road was listed as having been designed with meticulous attention to detail by architect Dion Seminara. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:44Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:44 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow to bid at auction for your dream home? 01:45 FOLLOW US ON FACEBOOK Great open air spot to curl up with a book by the fire or catch a game on TV. The new owner did not want to risk the property going to someone else on the open market.A BRISBANE buyer has spent millions to take a jawdropping cliffside ‘castle’ in the city’s hinterland off the open market.An auction planned for the stunning four bedroom home in Jollys Lookout was cancelled over the weekend after an eager buyer made an offer the owner could not refuse.Agent Joseph Lordi of Queensland Sotheby’s International Realty Brisbane confirmed to The Courier-Mail that an unconditional $4.1 million contract on the property was sealed on Friday, less than 24 hours before the home could go under the hammer on Saturday. It’s loaded with state of the art security and electronics, with “breathtaking panoramic views from an exclusive rural setting enjoying north and south views”.“It’s an amazing 897 sqm home, perched above Samford Valley,” Mr Lordi said.“All four bedrooms are ensuites and the master suite even has an electronic lock panic room. It was built in 2004 with an Asian influence.” Many of those inspecting the home were keen to see it used for weddings and other functions.More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours ago The home has its own library upstairs.“There’s nothing else like it,,” said Mr Lordi who was marketing the property with colleague Edward Vallis.“There are a lot of acreage homes but this one is sort of like a mountain range cliff face.“There is demand for these unique properties. We had a whole range of buyers wanting to host receptions there, AirBnb, and local homeowners wanting to live there.” The kitchen is fully loaded with mod cons.Mr Lordi said a local buyer snapped up the home. The house has 140-year-old teak floors, panoramic views from every corner and an infinity pool with separate pavilion housing a sauna, spa bath and a bathroom. A secure courtyard in the middle, perfect for young children and pets to run around. Celebrating the outdoors within a secure courtyard. The infinity pool has views that go as far as the eye can see.last_img read more

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Air France fined for discrimination

first_img Share Share Sharing is caring! Share BusinessLifestyleTravel Air France fined for discrimination by: – April 5, 2013center_img 67 Views   no discussions Tweet The incident happened at Nice airport in April 2012A French court has found Air France guilty of discrimination for removing a pro-Palestinian activist from a flight to Israel because she was not Jewish.The court also ordered the airline to pay 13,000 euros (£11,000; $17,000) in fines and damages.Horia Ankour had planned to fly to Tel Aviv from Nice to join other activists in a pro-Palestinian campaign.Air France said she was on a list undesirables provided by Israel. The company said it would appeal.‘Flytilla’ campaignThe incident happened during what was dubbed by the media the “flytilla” campaign in April 2012 – when hundreds of pro-Palestinian activists sought to fly to Israel and then make their way to the occupied West Bank.Shortly before take-off last April, Ms Ankour, a 30-year-old nursing student, was asked by an Air France employee whether she had an Israeli passport or was Jewish.She answered “No” to both questions, and was then escorted off the plane.The French court on Thursday concluded this was a clear-cut case of racial discrimination.In its defence, the French flagship carrier argued that it was only at the last minute that it had realised Ms Ankour was blacklisted by Israel.The company said it had therefore asked her to leave – in line with an international convention that allowed airlines to refuse transporting passengers who it knew would not be accepted at the point of entry. It seems the fault in law was for the company to have asked Ms Ankour about her ethnic origins and to have made this the apparent reason for her forced disembarkation, the BBC’s Hugh Schofield in Paris reports.BBC Newslast_img read more

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Ministry of Education honours retired educator Athelstane Seraphine

first_img Share Share Retiree Athelstane Seraphine receiving award from Chief Education Officer Stephenson Hyacinth Roseau, Dominica – June 11th, 2012…The Ministry of Education and Human Resource Development has honoured retired educator Athelstane Seraphin for over 40 years of service as a teacher and principal.Seraphin who retired in 2011 has been ill for some time and was unable to receive his award at the ministry’s retirees awards ceremony held recently.Chief Education Officer Stephenson Hyacinth visited Seraphin on Friday at his home in San Sauveur where they reminisced about his years as a teacher and principal at several schools in the east.Seraphin was made principal of the Boetica Primary School in 1982. He would later serve as principal of the Laplaine Primary School and the Salybia Primary School. He ended his career as Principal of the San Sauveur Primary School.During the visit, Seraphin recounted his days as principal in Boetica, awaking at 3 a.m. to make the daily trek by foot from Good Hope to Boetica through the Petite Soufriere-Rosalie route. Hyacinth, who also served as Education Officer-Eastern District while Seraphin was stationed at Salybia, remembers him as a committed educator “who would go the extra mile for the benefit of his students.”“He always worked hard towards the development of his staff and the schools where he served,” Hyacinth said.Seraphin expressed gratitude to the Ministry of Education, noting he was honoured to have contributed to the education of young people in Dominica.By: Dionne Durand,Public Relations Specialist, Ministry of Education and Human Resource Development 35 Views   no discussions Sharing is caring!center_img EducationLocalNewsPrimarySecondary Ministry of Education honours retired educator Athelstane Seraphine by: – June 11, 2012 Share Tweetlast_img read more

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UFC scraps California event on tribal land

first_img Loading… “This event would involve dozens of individuals flying to California and driving to a casino for a purpose no one can honestly claim is essential,” Feinstein said in a statement. Read Also: Johnson hopeful NBA can crown a champion despite coronavirus “Going ahead with this event is not the right move.” The Ultimate Fighting Championship has already postponed three events after officials were unable to find venues to stage fights amid restrictions put in place to combat the COVID-19 pandemic. FacebookTwitterWhatsAppEmail分享 However in an abrupt U-turn on Thursday, UFC said it had postponed the event at the request of broadcasters ESPN. “While the organisation was fully prepared to proceed with UFC 249, ESPN has requested the postponement of the event and subsequent bouts until further notice in light of the COVID-19 pandemic,” a UFC statement said. “UFC looks forward to resuming the full live events schedule as soon as possible.” The New York Times reported on Wednesday that UFC chief Dana White planned to hold the event at the Tachi Palace Resort Casino in central California on April 18. By staging the event on tribal land, the UFC could have sidestepped state guidelines aimed at halting the spread of COVID-19 infections that have brought sports to a standstill. However the move met with resistance from California Senator Dianne Feinstein, who urged the UFC to postpone.center_img Promoted ContentCouples Who Celebrated Their Union In A Unique, Unforgettable Way6 Great Ancient Mysteries That Make China Worth Visiting10 Risky Jobs Some Women DoHidden For A Thousand Years – A Secret Of The Great Wall Of China9 Facts You Should Know Before Getting A TattooEver Thought Of Sleeping Next To Celebs? This Guy Will Show You20 Facts That’ll Change Your Perception Of “The Big Bang Theory”7 Universities Where Getting An Education Costs A Hefty Penny7 Theories About The Death Of Our Universe7 Ways To Understand Your Girlfriend BetterTop 7 Best Car Manufacturers Of All TimeMind-Bending Technology That Was Predicted Before It Appeared The Ultimate Fighting Championship on Thursday scrapped controversial plans to stage a fight card later this month as the United States battles the coronavirus pandemic.The mixed martial arts organisation had planned to hold UFC 249 without fans at an undisclosed location, reportedly an Indian tribal reservation in California.UFC chief Dana White has scrapped a planned event on tribal land in Californialast_img read more

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Ajibade lauds Super Falcons’ maturity

first_img Promoted ContentA Guy Turns Gray Walls And Simple Bricks Into Works Of Art8 Superfoods For Growing Hair Back And Stimulating Its GrowthThe Adorable Model For Simba In The Lion King Remake6 Incredibly Strange Facts About HurricanesWhich Country Is The Most Romantic In The World?What Happens To Your Brain When You Play Too Much Video Games?6 Ridiculous Health Myths That Are Actually TrueTop 6 Iconic Supercar MoviesBest & Worst Celebrity Endorsed Games Ever MadeThis Guy Photoshopped Himself Into Celeb Pics And It’s HystericalHere Are The Top 10 Tiniest Mobile Phones On The Planet!Who’s The Best Car Manufacturer Of All Time? No club or team in Africa can match the nine continental titles the Super Falcons have following their 2018 Africa Women’s Cup of Nations triumph in Ghana. They are also the only team in Africa to feature at eight World Cups, including last year in France where they reached the Round of 16 for the first time since 1999 in the United States. The 20-year-old, who graduated to the senior team in 2018 and was part of the Awcon and World Cup outings, disclosed that the team’s greatness was a result of the burgeoning maturity within its ranks.Advertisement Loading… “It was amazing. Being with the senior team is a different experience entirely as you cannot compare to the youth tournaments,” Ajibade said in an Instagram interview with the Nigeria Football Federation. “There wasn’t so much problem or stress for me. It was a privilege and an exciting opportunity for me. It was the first time I will play with Asisat [Oshoala], Desire [Oparanozie] and Onome [Ebi] at the senior level in Ghana. “They don’t need a coach to yell or shout at them. It’s all about giving your hundred percent on the pitch. They played for each other and not much of an individual team. Mixing with the senior players and I love the energy and encouragement from the top players. read also:Ajibade will succeed in Norway–Dennerby “They are very organised and do not need a coach to talk to them and try to have each other’s back. If the team is kept together, they will help other young players to grow. We were all accepted. It was enjoyable and made the Women’s World Cup experience so nice. FacebookTwitterWhatsAppEmail分享 Avaldsnes striker, Rasheedat Ajibade, has pulled back the curtain on the culture that has set Nigeria’s senior women’s team on the path to success.last_img read more

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Theft Suspects Arrested on Felony Counterfeiting Charges

first_imgColumbus, IN—Two suspects were arrested when Columbus police officers recovered a stolen license plate along with drugs and counterfeit currency after receiving a suspicious persons report on Thursday evening.  Shortly after 7:00 p.m., CPD officers responded to Target, located at 1865 N. National Road, in regards to two people acting suspiciously inside the store.  The suspects exited the store a short time later and drove off in a dark-colored sport utility vehicle which was stopped by CPD officers.Officers determined that the license plate on the suspects’ vehicle was stolen in Noblesville earlier this year and both occupants of the vehicle were detained.  One of the suspects gave a false name to officers but was later positively identified as John M. Sebastian, 34, of Westfield.  The other suspect was identified as Tawnee F. Lathrop, 29, of Noblesville.While searching the vehicle, officers reportedly located several counterfeit bills in the glove compartment as well as in Lathrop’s purse.  Officers also located methamphetamine along with a scanner/printer, several printer cartridges, and a paper cutter inside the vehicle.Tawnee Lathrop was charged with allegations of Theft, Forgery/Counterfeiting, and Possession of Methamphetamine. John Sebastian was charged with allegations of Theft, False Informing, Forgery/Counterfeiting,  and a Marion County Warrant. The investigation is ongoing.last_img read more

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Asian Games Asian Games 2018: Indonesia’s richest man Michael Bambang Hartono to participate at 78

first_img For all the Latest Sports News News, Asian Games News, Download News Nation Android and iOS Mobile Apps. New Delhi: Billionaire business tycoon Michael Bambang Hartono at 78-year of age may not be the oldest participant at the upcoming Asian Games 2018, but he is definitely the richest. Head of a cigarette giant Djarum Group, Hartono is all set to host Indonesia on its bridge team at the Asian Games 2018, which is scheduled to go live on Saturday, August 18, 2018 i,n Jakarta and co-host Palembang.ALSO READ: Indian flag hoisted at Jakarta, Palembang Games Village on I-DayLee Hung Fong – the 81-year-old Malaysian Bridge player – narrowly defeated Hartono for being the oldest participant in the Asian games. Hung Fond is seven decades older than skateboarder Aliqqa Novvery Kayyisa, who is the youngest participant at nine-year-old.However, Hartono has been named Indonesia’s richest man by Forbes magazine alongside his brother Robert. The coveted magazine ranked him as the 75th wealthiest man in the world.From his interests in tobacco, banking and communication, Hartono has an estimated net worth of $16.7 billion.ALSO READ: Ajit Wadekar diea at 77, ‘lost a father figure,’ says Anil Kumble”I play bridge to keep my memory sharp. My other hobby is tai chi, which helps me stay focused,” he told domestic news agency Antara.Hartono, who started playing bridge at age six played a crucial role to convince Olympic Council of Asia to give the card game a top spot at the Asian Games.”At first, the OCA declined to include bridge, as it appears to resemble gambling,” he told Antara.Hartono has also promised to donate the 1.5 billion rupiah ($102,000) prize money to the athletes training program.”If I managed to win gold, I would donate the government’s cash prize to the athletes training program,” he said.Indonesia is hosting around 11,000 athletes and 5,000 officials from 45 Asian countries in Asian Games that will take place from August 18 to September 2. last_img read more

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Payless Variety Store, Powerade to sponsor weekend of cycle races

first_imgTHE Payless Variety Store and Powerade will sponsor one cycle programme each over the weekend, beginning at 09:00hrs tomorrow with an 11-race programme around the inner circuit of the National Park.This programme is being sponsored by payless Variety Store and the feature 35-lap event is opened to school boys, novices and invitational riders and is expected to attract the cream of the country’s pedal pushers, including Raynauth Jeffrey,Raul Leal, Jamal John, Orville Hinds, Andrew Hicks, Geron Williams, Briton John and Curtis Dey, among others.The 10-lap race for juveniles as well as the junior categories are also expected to be keenly contested; so is the veterans’ under and over 45 years age group five-lap events.There will also be two and three-lap races for BMX riders and a five-lap race for mountain bikers.Meanwhile, on Sunday, Banks DIH Limited under its Powerade brand will sponsor a 50-mile road race in the West Demerara area.The event will wheel off at 8:00hrs from outside the Wales Police Station, West Bank Demerara and the seniors and juniors will journey to Bushy Park, East Bank Essequibo before turning back to finish at Schoonord, near the Demerara Harbour Bridge, while the juveniles, mountain bikers and veterans will turn back from Uitvlugt and also finish at Schoonord.The top six overall finishers will be rewarded for their efforts as well as the top three juniors, juveniles, veterans under and over 45 yeas and the top three mountain bikers.Six prime prizes will be up for grabs during the course of the event.Both programmes are being coordinated by cycling coach, Hassan Mohamed.last_img read more

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Kigigha, Adu, Ofowino, Others Qualify for World Chess Olympiad

first_imgInternational Master Oladapo Adu (2314) and FIDE Master Bomo Kigigha (2328) are among other eight players that will represent the country at the forth coming 42nd World Chess Olympiad in Baku, Azerbaijan later this year.According to the statement from Nigeria Chess Federation (NCF) yesterday, the duo alongside three other male players namely; the rave of the moment and FIDE Master Daniel Anwuli (2338), Candidate Master Adeyinka Adesina (2286) and Ochuko Emuakpeje with elo rating of 2272.The five female players that qualified for the tournament are; Omolola Sadiku (1910), Deborah Akintoye (1856), Toritsemuwa Ofowino (1779), Olufunmilayo Akinola (1751) and Mandy Enarevba (1710). The following top players however missed out in the Olympiad train namely; Adebayo Adegboyega (2271), Olufemi Balogun (2262), Odion Aikhoje (2253) and Ademola Sorungbe (2246). Some top female players that missed out are Omolabake Coker (1660), Sandra Aramide (1648), Doris Adebayo (1612) and Olabisi Rabiu (1609).The tournament will hold in Baku, the birth place of former World Chess Champion, Gary Kasparov from 1st-15th of September this year and most pundits have seen the method of selection by NCF as a clear departure from the past when a traditional Olympiad trial hold sway.However the Technical Director of the federation, Alhaji Bode Durotoye, explained that the qualification process of the team was based on the current FIDE rating list released on the 1st of June and the activeness of players in tournaments in a stipulated calendar year.“In the past, we have invited players for either open trial or selected trial based on their ratings but we have realized that it’s more like a tournament that only produce winners by any means of a tournament rather that genuine form of individual players that will give the country a good representation at the biennial tournament,” he explained.In the last two years, the Lekan Adeyemi led board in collaboration with the Chess Players Association of Nigeria (CPAN) has organized several rated tournaments which is unprecedented in the history of the cerebral sport in the country and players have been more active in the recent time to give way to selection based of merit over time rather that producing winners to the the tournament which most time is subjective.NCF boss, Lekan Adeyemi also explained that with over 30 FIDE rated tournaments in the last one and a half years is quite enough to get get the best players put them in camp for training for a period of time before the Chess Olympiad.“We need to get the players in camp before the event in Baku and based on the report from the Technical Committee all hands must be on deck to ensure good outing by the players. As a former athlete, I feel for all those who missed out but we can only be fair enough to everybody,” he explained.Plans are underway to get the team in camp in mid August but the venue of the camp is yet to be decided as at the time of this report.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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