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Storm Erik leaves some homes & businesses in Donegal without power

first_img By News Highland – February 9, 2019 Storm Erik leaves some homes & businesses in Donegal without power Facebook Previous articleFigures show sharp fall in Council’s house acquisitionNext articleDUP leader insists agreement with EU is still possible News Highland Pinterest Wind speeds are dropping across the country as Storm Erik moves off, eastwards, towards Wales and the British Midlands. Met Eireann Yellow and Orange wind warnings expired earlier this morning however a number of homes and businesses across Donegal remain without power.Crews are working to restore power to all areas.Rescue services are also warning that seas are still high and will take some time to settle.Owen Medland is the Area Life Saving Manager with the RNLI – he’s calling on the public to continue to be cautious around exposed beaches, cliffs and harbours.>* Pinterest Google+ Twitter Facebook Google+ Twittercenter_img News, Sport and Obituaries on Monday May 24th AudioHomepage BannerNews WhatsApp RELATED ARTICLESMORE FROM AUTHOR Loganair’s new Derry – Liverpool air service takes off from CODA Important message for people attending LUH’s INR clinic Community Enhancement Programme open for applications WhatsApp Nine til Noon Show – Listen back to Monday’s Programme Arranmore progress and potential flagged as population grows last_img read more

Capital Markets Union wishlists presented as new Commission awaited

first_imgAs the European Commission’s five-year term comes to an end, pension and finance specialists have called for bolder steps to progress the EU Capital Markets Union (CMU), with the need to promote retirement savings as a key focus.With only a few weeks to go before the new Commission takes over – something that was originally scheduled to take place on 1 November but is now likely to be delayed for at least a month – there has been a series of pronouncements about the future of the CMU. First, the Next CMU Group, a high-level group set up by the finance ministers of Germany, France and the Netherlands and with support from the finance ministries of Spain, Sweden, Poland and Italy, published a report outlining a number of recommendations for the further development of the CMU.The group – co-chaired by Corien Wortmann-Kool, chair of the board of Dutch public sector pension fund ABP – had been tasked with analysing the EU’s market-based financing capacity, five years after the launch of the CMU, with a fresh eye. “Where there is a tradition of investing for pensions, collectively and/or individually, you find the best developed national capital markets”Fabrice Demarigny, chair of the Next CMU Group“Citizens will need to save collectively or individually for additional retirement income to make up for this,” he said.“We also know from several reports that in those member states where there is a tradition of investing for pensions, again collectively and/or individually, you find the best developed national capital markets.“The issue,” Demarigny continued, “is how people save and what possibilities in terms of institutions and products are available to them.“In particular at a time of very low-interest rates and relatively low yields, we have to give citizens much better access to, and knowledge about capital markets.”EC goes high-level on CMU, tooShortly after the publication of the Next CMU Group’s report, and in a move that could be seen by some as institutional turf war, the Commission announced the launch of its own CMU high-level forum to reflect on future CMU actions.A spokesperson for the Commission told IPE that the forum was being set up because the Commission’s work on the Capital Markets Union was not yet complete.“The Commission is carrying out intensive technical work to reboot the CMU and take it to the next level,” the spokesperson said. “In this context,” he added, “we welcome the recommendations of the Next CMU Group. This provides valuable input and ideas, which we will look at closely as part of our reflections.”The Commission has called for applications of interest to join the high-level forum, hoping to attract an expert group composed of industry leaders, international experts and scholars to feed into the work on future CMU policies. Pensions adequacy plea Against this backdrop, the Association for Financial Markets in Europe (AFME) has also published a report calling for the new Commission to take bolder action to tackle the remaining obstacles to completing the CMU. The report, the second edition of the association’s CMU Key Performance Indicators research, includes a country-by-country comparison of individual EU member state’s progress against the CMU’s objectives.Launching the report, AFME’s CEO Simon Lewis said: “While some of our report’s indicators show a positive trajectory since last year’s results, such as Europe’s global leadership in sustainable finance, it is clear that there is still much work to be done at European and national levels, particularly on making Europe’s capital markets more competitive.”The report was authored by AFME with the support of the Climate Bonds Initiative and European trade associations, including PensionsEurope.Pekka Eskola, chief economist at PensionsEurope, welcomed the recent batch of initiatives and recommendations regarding the future agenda for the CMU.“I would like to invite the new Commission to start working on an action plan on adequate income at retirement to set out the necessary steps to enhance supplementary pensions in Europe,” he said. “Considering the economic and fiscal constraints of first pillar pay-as-you-go pensions, private pensions must play a greater role in securing the future adequacy of pensions.”Eskola said that many of the pensions-related recommendations put forward by the Next CMU high-level group and the AFME reports could be included in this action plan. In its report, published earlier this month, the group called for the next phase of the CMU to prioritise responses to citizens’ needs and investments in the “real, digital and sustainable EU economy”.One of the overarching recommendations was to generate more long-term savings and investment opportunities, which was broken down into a sub-set of recommendations to:launch adequacy-tests for multi-pillar retirement savings,introduce measures to incentivise savers to turn into investors,increase “measurable and comparable sustainable investments”, anddevelop a straightforward EU procedure for repayment of withholding taxes to investors.Fabrice Demarigny, chair of the Next CMU group, told IPE that the Commission’s Pension Adequacy Reports showed that in a substantial number of member states, public pay-as-you-go pension systems were under a lot of stress due to ageing.last_img read more

Warner’s blitz puts Aussies within reach of World Cup semis

first_imgBy Louis Cameron at Trent Bridge, NottinghamAUSTRALIA have one foot in the semi-finals after a cunningly calculated David Warner century fired them to a 48-run victory over Bangladesh in the highest-scoring match in World Cup history.Warner smashed 166 off just 147 balls as he exploded upon reaching triple figures to see the Aussies post 381-5 – their second highest score ever at the tournament.A brave 127-run partnership off just 100 deliveries between fifth-wicket pair Mushfiqur Rahim (102 n.o. off 97 balls) and Mahmudullah (69 off 50) briefly sent Bangladeshi fans wild as they threatened to pull off the impossible.But Australia’s total proved a bridge too far as their bowlers held their nerve at the death after removing Mahmudullah.Bangladesh’s 333-8 was still their largest ever ODI total, while the 714 total runs scored between two teams was a World Cup record, eclipsing the 688 scored between Australia and Sri Lanka in 2015.While a top four spot is not yet guaranteed for Australia, they’d need to lose all three of their remaining games (against England, New Zealand and South Africa) and see other results go against them to miss out.Warner first shared in a 121-run partnership with skipper Aaron Finch (53 off 51 balls) before going even bigger with No.3 Usman Khawaja (89 off 72) as they put on 192 runs off just 142 deliveries.The 32-year-old Warner paced his innings expertly, going 49 balls without finding the boundary through the middle overs, before teeing off after he’d reached his 16th ODI century.It saw him draw level with Adam Gilchrist in third spot among Australia’s all-time leading ODI century-makers.Warner, now with 447 runs at 89.40 for the tournament, and Finch, 396 runs at 66, occupy the top and third spots on the tournament’s leading run-scorer chart, with Shakib Al Hasan (who scored a run-a-ball 41) splitting them with 425 at 106.25.Glenn Maxwell applied the finishing touches to the Australian innings, spanking three of his 10 balls over the rope on the way to a quick-fire 32, but threw his hands up in frustration when he was stranded mid-pitch in a mix-up with Khawaja and run-out on a direct hit.The diminutive Mushfiqur showed no fear on the way to his seventh ODI century, while Mahmudullah cleared the ropes three times to lead their side’s fightback.Tamim Iqbal had led the early reply, stroking 62 off 74 balls before chopping on to Mitchell Starc, who covered his mouth as he ran down the pitch in a pointed celebration.The innocuous medium-pacers of Soumya Sarkar (3-58 off eight overs) claimed the wickets of Australia’s top three, but Bangladesh will regret a ragged fielding effort underlined by a costly dropped chance from Sabbir Rahman when Warner was on 10.Sabbir’s miserable day was compounded when he was dismissed for a golden duck as Nathan Coulter-Nile (2-58 off 10 overs) hit back from some earlier tap to claim two wickets in two balls in his final over.Starc (2-55 off 10) and fit-again all-rounder Marcus Stoinis (2-54 off eight), back in the side after recovering from a side strain, finished as Australia’s other multiple wicket-takers.After winning the toss for the first time in eight ODIs, Finch was initially the more aggressive of Australia’s openers, as he and Warner scored 51 between overs 9-15 to kick-start their side’s innings.It represented another successful opening union between the duo, who only reunited at the top of the order at the start of the tournament, but have now put on at least 50 runs for the first wicket in five of their six World Cup games.Finch’s exit to part-timer Sarkar was something of a surprise as was the call to send Khawaja out, to join Warner given Australia have preferred right- and left-hand combinations in their top order in this tournament.It proved a sound decision as Khawaja looked at his fluent best in hitting 10 fours and took 25 off one Mustafizur Rahman (1-69 off nine) over.Rain stopped play after the 49th over, but no overs were lost.Finch showed tremendous composure to hand his side their first wicket with a direct-hit run-out, gathering the ball cleanly off a Tamim drive, with the Australian waiting to sum up the extent of the mix-up before knocking down the stumps at the non-striker’s end.Tamim and Shakib proceeded to put on 72 for the second wicket, but Stoinis got the key wicket of Shakib with a clever slower ball.The extra pace of Starc proved telling as he knocked over Tamim and then smashed Liton Das in the helmet on his first ball.Mushfiqur and Mahmudullah fought bravely, taking 26 and 24 off Adam Zampa’s and Pat Cummins’ final two overs respectively.But the asking rate, which ballooned out to 10-an-over from the final 20 overs and then nearly 14 with 10 overs to go, proved too much as Mushfiqur brought up a consolation century in the penultimate over of the match. (Cricket.comau)last_img read more