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2019 the ‘calm before the storm’ for conventional reefer shipping, says analyst

first_imgBy Sam Whelan 08/01/2020 Last year was the “calm before the storm” for conventional reefer shipping, according to Dynamar.The expected surge in fuel costs from IMO 2020 is likely to accelerate scrapping of conventional vessels and the switch to containerships, said the analyst.Furthermore, trade tensions continue to cause concern among shippers and carriers, both containerised and conventional, with the slowdown in major economies leading to “an erratic end to the year in terms of trade flows”.“The worldwide trade in perishable cargo continues to grow but it is not all plain sailing,” Dynamar explained, noting total seaborne transport of fresh produce grew by 3% to 119m tons.“Major market movers, including global fruit traders Chiquita and Del Monte, continue to transfer their trade to boxes.“Specialised conventional carriers, including this year’s market leaders, Baltic Shipping and Seatrade, are being forced to focus on an increasingly tight number of trades.”This trend, combined with the conventional fleet’s high average age and fuel hungry engines, has primed the sector for a surge in scrapping, due to rates remaining low and higher costs on the horizon, Dynamar added.The analyst said container carriers were expected to fare better, due to the fitting of scrubbers, focus on cost recovery and the capture of cargo from conventional shipping.Meanwhile, fruit shippers in China are apparently unconcerned about the fuel regulation’s impact.According to Huang Yulin of Shanghai-based Junfan International Trading, even a 20% spike in freight rates would not affect the Chinese fruit trade, due to the relatively low-cost of shipping compared with a typical fruit shipment’s total cargo value.“Although 20% increases in the freight rate seem large, it’s only about 2% when compared with the value of the product,” he told FreshPlaza.“For example, the value of a container of durians is Rmb500,000-600,000 (US$72,000-86,000) while the freight costs from Thailand to Shanghai Port are only around Rmb15,000 ($2,100). Therefore, we believe that the increase in shipping costs will not have a significant impact on traders.”Mr Huang said there was “rigid” demand for fruit imports in China, as middle-class consumption continued to increase. As a result, shipment timing, rather than logistics costs, was the most important factor for traders.“For example, in the peak durian season in Thailand, the shipping price per container increases by $200-400 a week, but containers and cargo spaces are still in short supply.”Concerns over the shortage of reefer equipment were also raised last year by Drewry. In its 2019/20 annual reefer shipping review, Drewry said production of new equipment had recovered over the past two years, and that the expected growth of 4.5% over the next five years would be slightly ahead of demand.However, this will “not be sufficient to bring supply back into equilibrium”, it believes.last_img read more

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Edison Mall COVID-19 vaccine site to close next month

first_imgMobile pediatric vaccination clinic happening in Cape Coral Friday June 11, 2021 Advertisement AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Advertisement Mobile pediatric clinic provides COVID vaccines for children 12+ June 15, 2021 LEE COUNTY, Fla. — While we should stay vigilant and protect ourselves, local medical experts said that they’re cautiously optimistic about the future as vaccine sites start to close. It’s hard to imagine that just a few months ago, there were more people trying to get the vaccine than there were doses available.Now, after administering more than 200,000 vaccines, the Lee County Department of Health will be closing the doors of the vaccine site at Edison Mall.The Edison Mall vaccination site will officially close on June 18. After that, people will be able to get a vaccine at Lee County clinics starting June 21. AdvertisementThe decision to close came as DOH officials noticed fewer and fewer people coming to the site for their shot. It’s not the only vaccine site in Lee County to shut its doors due to low demand. The Florida Department of Emergency Management said that the CenturyLink Sports Complex COVID-19 testing site will officially close at the end of the day on Sunday, May 23.As more people get vaccinated and the demand for testing decreases, local medical experts said that more closures can be expected as time goes on. There’s still plenty of places in SWFL to get a COVID-19 vaccine. CLICK HERE to learn more about where you can go and how to sign up. AdvertisementTags: Covid-19covid-19 vaccineEdison Mall Lee County COVID-19 vaccine site moving to North Fort Myers this month June 13, 2021 AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Owner of Edison Mall & Port Charlotte Town Center files for bankruptcy June 15, 2021 RELATEDTOPICSlast_img read more

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Fitch downgrades Ontario

first_img Ontario to deliver its second pandemic budget on March 24 Related news “Difficult actions will be necessary to achieve the province’s deficit elimination goal of fiscal 2018 and budget options are likely to prove more limited given the extent of actions taken to date and use of one-time actions to achieve targets,” Fitch says. The government is currently expecting its deficit to rise in fiscal 2015, for the second straight year. Fitch says that it believes there is the potential that actual results will be better than the current forecast, but that a planned deficit increase is a negative credit factor, “particularly with the planned use of one-time measures, and offsets some of the otherwise positive financial progress made in recent years.” Indeed, Fitch says that it expects Ontario’s debt levels to increase through fiscal 2016, and then to begin to decrease, “given the province’s expectation of an annual deficit through that fiscal year and continued growth in GDP.” The rating agency notes that the province is considering alternative deficit reduction measures for fiscal 2016, if economic conditions restrain revenue growth. But, Fitch says the downgrade reflects a concern that “risks remain to achieving its goals and both debt burden and the accumulated deficit will remain significantly elevated.” “The rating is sensitive to the province’s commitment and success in achieving deficit elimination targets and restoring fiscal balance,” it says. “Failure to enact budgets that follow a path toward articulated deficit elimination targets would result in negative rating pressure. Reaching deficit elimination targets ahead of forecast, sizeable growth in GDP, and steady progress on lowering debt burden and the accumulated deficit would be positive credit factors.” Amid concerns about the viability of its deficit reduction plans, Fitch Ratings has downgraded Ontario’s credit ratings. The rating agency announced today that it has trimmed Ontario’s long-term issuer default rating (IDR) to ‘AA-‘ from ‘AA’, and revised the rating outlook to stable from negative. The downgrade is being driven by worries about the province’s fiscal consolidation plans. Toronto home sales and home prices increased in April Keywords Ontario center_img Ontario unlikely to balance budget by 2030: FAO Share this article and your comments with peers on social media James Langton Facebook LinkedIn Twitterlast_img read more

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Right to Education must be Secured for All

first_imgAdvertisements RelatedRight to Education must be Secured for All RelatedRight to Education must be Secured for All Right to Education must be Secured for All UncategorizedMarch 17, 2008center_img RelatedRight to Education must be Secured for All FacebookTwitterWhatsAppEmail Minister of Education, Andrew Holness has emphasized that the right to education must be secured for all citizens, whether in the formal system, or access after leaving the public school system.He was speaking, today (March 17), at the opening of the international conference on adult education, hosted by the Jamaica Council for Adult Education (JCAE), in collaboration with the Jamaica Foundation for Lifelong Learning and the HEART Trust/NTA. The three-day conference is being held at the Jamaica Pegasus Hotel in Kingston.Mr. Holness pointed out that lifelong learning is emerging as an important policy issue, as throughout the world, governments are actively encouraging citizens to continue to learn. He added that lifelong learning is a fairly new concept, and governments are grappling with how to formally institutionalize this, not just within the education system, but also in the social and economic system.He said that as one of the skills and competences of lifelong learning, literacy is often reduced to the ability of just reading and writing, but “the literate person must be able to interpret and communicate.”“The concept of lifelong learning, particularly that of literacy, plays an important part,” Mr. Holness emphasized.The Minister said the lifelong learning strategy should be geared towards raising standards and attaining levels throughout the education system, promoting inclusion, access to, and widening participation in the education and training systems, thereby enhancing skills development and employability, developing a community focus, emphasizing citizenship and good attitudes and appropriate values.“Most importantly, the lifelong learning strategy involves creating a learning organization,” he asserted, adding that this presents the challenge of how to make the workplace into an institution of learning.“This is a challenge.for human resource planners to develop strategies. It requires business people to understand that the more educated and trained their members of staff are, the better the profits. That is going to take a great amount of education to achieve,” he stressed.Mr. Holness pointed out that the greatest challenge for any society is how to achieve efficiency without sacrificing equity, and that this can only be achieved through education.“That’s the only thing that is going to guarantee that you increase the efficiency of your human resources, which is the ultimate in improving your productivity and at the same time, secure the benefits of that productivity. So, the more we stress education from (age) zero to 100, the better our chances are of improving our efficiency along with equity in our society, and that is a major challenge,” he said.The conference, which is being held under the theme, ‘The Learning City: a Vehicle for Community Transformation’, will discuss topics such as: ‘Family life in Jamaica and the wider Caribbean’; ‘Crime and violence (effects and counter trends); ‘Information and communication technology’; ‘HIV in Jamaica (progress and challenges)’; ‘Poverty and socio-economic development’; and ‘Learning for transformation’, among other subjects.last_img read more

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REINSW: Real Week Ahead 14 December

first_imgREINSW: Real Week Ahead 14 December “The lead up to Christmas has been vibrant for residential real estate and after a busy weekend of auctions, with clearance rates holding firm and volumes strong, this week should see the momentum maintained.“Buyers across all demographics are out in force, spurred on by affordable finance, with plenty of properties selling prior to auction and all quality listings attracting substantial interest.“Supply is easily outweighed by demand and this week we can expect some bullish offers from buyers looking to make a pre-Christmas play in a competitive environment.“This is precisely the type of environment and conditions that could see new street and suburb records set. Time is running out for buyers who had their sights set on purchasing in 2020.“In coming days, the REINSW will be releasing its detailed market outlook for 2021. Barring any unforeseen correction, we see the recovery continuing on a steady, sustainable track.“Housing has an important role to play in the long-term economic recovery which Australia has only just embarked upon. In 2021, we believe the contribution of housing to that recovery will be a positive one.“The REINSW will be focused on increasing the value of that contribution. We’ll do this by rallying against unreasonable taxation, be it stamp duty, property tax or any other name Government uses to tax consumers just for keeping a roof over their heads.“We’ll also keep the pressure on Fair Trading by highlighting the unnecessary inefficiencies and pointless red tape that undermines the way agents serve their customers.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:auction, Australia, environment, Force, Government, housing, market, property, quality, real estate, Real Estate Institute of New South Wales, red tape, REINSW, running, stamp duty, sustainable, taxlast_img read more

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CU Police Seek Identifying Information On Email Sender

first_img Published: Nov. 17, 2005 Contact: Det. Jason Wade (303) 492-8168 or paged via dispatch at (303) 492-6666 On Tuesday, Nov. 15, at 10:35 a.m., a racist email message was sent from the center computer in a group of three computers (pictured in the attached photo) located on the first floor of the University Memorial Center atrium. The computers are located south of the entrance to the CU Credit Union office and face the atrium entrance. The University of Colorado Police Department is investigating this criminal incident and is appealing for any information about the perpetrator of this crime. If anyone was present in the area at the time of this incident who might have information relating to the identification of the sender of the email, including anyone who might have seen the suspect at the computer or in the immediate area, please call the University of Colorado Police Department at (303) 492-8168. Please talk to either an on-duty police officer or leave a message for Detective Jason Wade at (303) 492-8168. Share Share via TwitterShare via FacebookShare via LinkedInShare via E-maillast_img read more

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Southern California fires force evacuation of Malibu

first_img November 9, 2018 at 8:36 AM Here we go again. Does anyone know how it started? Tags :evacuationfireMalibuPCHWoolsey Fireshare on Facebookshare on Twittershow 1 comment HomeFeaturedSouthern California fires force evacuation of Malibu Nov. 09, 2018 at 8:04 amFeaturedNewsSouthern California fires force evacuation of MalibuMatthew Hall3 years agoevacuationfireMalibuPCHWoolsey FireSmoke from the Woolsey Fire as seen from Santa Monica. About two-thirds of the city of Malibu was ordered evacuated early Friday as a ferocious Southern California wildfire roared toward the beachside community that is home for many Hollywood celebrities.According to the City of Malibu, the entire area south of the 101 Freeway to the ocean, and from the Ventura County line to Las Virgenes Road / Malibu Canyon Road is under mandatory evacuation, including much of the City of Malibu, due to progress of the Woolsey Fire. The City of Malibu east of Las Virgenes Road / Malibu Canyon Road is under voluntary evacuation. Residents are urged to use Pacific Coast Highway (PCH) to evacuate and avoid canyon roads.The Los Angeles County Fire Department tweeted that the fire raging through the Santa Monica Mountains was headed to the ocean and described the fire as an “Imminent threat!”The fire erupted Thursday at about 3 p.m. near the northwest corner of the city of Los Angeles as the region’s notorious Santa Ana winds gusted, triggering overnight evacuations of an estimated 75,000 homes in western Los Angeles County and eastern Ventura County.The Woolsey Fire jumped the 101 Freeway at Liberty Canyon Road and Chesebro Road. The 101 Freeway is closed in both directions from Las Virgenes Road to Reyes Adobe Road. There are power outages in the Big Rock and Carbon Beach areas of Malibu. Traffic signals are out on PCH from Topanga Canyon Road to John Tyler Road. Approach all intersections with caution.Large animals can be evacuated to the Zuma Beach parking lot in Malibu (30050 Pacific Coast Highway, Malibu, CA 90265), and Hansen Dam Equestrian Center (11127 Orcas Ave., Lake View Terrace CA 91342).The American Red Cross has notified the City that the nearest evacuation center for residents of Malibu is expected to be at Palisades High School (15777 Bowdoin St, Pacific Palisades, CA 90272).Mandatory evacuations were already in effect north of the 101 Freeway from Valley Vista to Reyes Adobe (areas of Agoura Hills, Calabasas and Westlake Village).Another fire was burning farther west in Ventura County, also moving toward the ocean.At a joint press conference to provide information, several officials credited the cooperation of various departments for helping save lives and said residents who are asked to leave should do so immediately.“This is a very stressful time,” said Ventura County Supervisor Linda Parks. “Many of our first responders haven’t slept and throughout the state of California, there are fires so there isn’t as much support as we need. If you have a mandatory evacuation, leave. We don’t want any tragedies, we don’t want any deaths, we don’t want any injuries so please be safe out there.”Corey Rose, Assistant Chief with the Los Angeles Fire Department said agencies like Ventura County Fire, Cal Fire, Ventura and Los Angeles Sheriff’s Departments and LAPD are working well together to reach residents who need to be evacuated.“It’s been a long night and I just want to thank the community for being so resilient and listening to the evacuation orders,” he said. “I know it’s never easy to do that.”To sign up for City of Malibu Emergency Alerts by text and email, visit www.MalibuCity.org/News (scroll down to Alert Center, select “Emergencies”).To sign up for City of Malibu Disaster Notifications, visit www.MalibuCity.org/DisasterNotifications. Comments are closed.center_img 1 Comment Malibu Officiant says: Popular newcomers outrank incumbents in several racesFire destroys ‘Western Town’You Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall9 hours agoNewsCouncil picks new City ManagerBrennon Dixson20 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter20 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor20 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press20 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press20 hours agolast_img read more

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The blockbuster movie makes a comeback this summer

first_imgHomeNewsThe blockbuster movie makes a comeback this summer May. 19, 2021 at 6:00 amNewsThe blockbuster movie makes a comeback this summerGuest Author3 weeks agofeaturedNews LINDSEY BAHR, AP Film WriterAfter more than a year of benching its biggest spectacles, Hollywood is ready to dazzle again.From “F9” and “In the Heights” to “The Suicide Squad” and “Black Widow,” there will be a steady stream of blockbusters populating multiplexes for the first time since March 2020. For streaming-weary audiences, the promise of air conditioning, popcorn, soda fountains, 60-foot screens and state-of-the-art sound could be a welcome respite from the living room.For beleaguered movie theaters, it’s not a moment too soon.The modern summer movie season, which runs from May through Labor Day, regularly accounts for over $4 billion in revenue and makes up around 40% of the year’s grosses. Last year, summer earnings were $176 million, down 96% from 2019. Theaters have been gearing up for this moment and this summer will be an important gauge on whether habits have changed irrevocably during the pandemic.In some ways, the calendar looks like a do-over of last summer. Many of the most anticipated releases were supposed to come out a year ago, including John Krasinski’s “A Quiet Place Part II” (May 28), Lin-Manuel Miranda’s Tony-winning “In the Heights” (June 11), the ninth “Fast & Furious” movie, “F9” (June 25), Marvel’s “Black Widow” (July 9) starring Scarlett Johansson, the Emily Blunt and Dwayne Johnson action adventure “Jungle Cruise” (July 30) and the “Candyman” reboot (Aug. 27).“In the Heights” director Jon M. Chu had to convince Miranda that it was worth it to wait for a theatrical release instead of pushing it out on a streaming platform last summer. The “Crazy Rich Asians” director knows the importance of a global release for a film led by an underrepresented group.“We had big dreams for this,” Chu said.The “Fast & Furious” series has also been about creating a fun theatrical experience. “F9” not only brings back a fan favorite — Sung Kang’s Han — it also sends cars into space.“Whenever I get together with Vin (Diesel) and everybody to make these movies, we’re not even talking about the plot … but the feeling. I just remember as a kid in the summer saving enough money to go to the movies to share that experience with a bunch of strangers,” said director Justin Lin. “When that moment hits and everyone’s laughing or cheering together, it is magical.”Before the pandemic, summer moviegoing was a ritual. Now it’s a wild card whether the promise of an “event film” will motivate audiences back to theaters, especially if something is also available to watch at home.“Space Jam: A New Legacy” director Malcom D. Lee called his film “The epitome of a popcorn movie.” The sequel to the 1996 Michael Jordan pic has LeBron James sharing the screen with classic Looney Toons characters.For a more R-rated adventure, “Guardians of the Galaxy” director James Gunn has this “misfit, Z-grade supervillains” of “The Suicide Squad.” He had his pick of DC characters and turned down Superman for Harley Quinn, Bloodsport and Peacemaker. Gunn looked to 1960s war capers like “The Dirty Dozen” for inspiration.There are many other options too, including horror movies, like a third “Conjuring,” documentaries about Anthony Bourdain and The Beatles, and family films, like “Peter Rabbit 2” (June 18) and the fourth “Hotel Transylvania” (July 23). Ryan Reynolds is in two action flicks, “The Hitman’s Wife’s Bodyguard” (June 16) and “Free Guy” (Aug. 13). There’s even an epic Dev Patel-led take on a classic Arthurian legend, “The Green Knight” (July 30).“I really I want audiences to get a chance to see it on the big screen,” said “The Green Knight” director David Lowery. “It’s a strange movie and I think that the idea of having that experience in a cinema with other people is going to be really, really exciting, especially after a year away from the big screen.”Some studios have been cautiously rolling out bigger films to decent results lately, like “Godzilla vs. Kong.” But after seven weeks, even that is still shy of cracking the $100 million mark domestically. In a normal summer, $100 million might be an opening weekend for a tentpole.Moviegoing has changed and for consumers it’s also become hard to keep tabs on ever shifting dates, delays and multi-platform releases. Some summer-ready titles, like “Top Gun: Maverick” and the new James Bond, “No Time To Die,” are waiting until later in the year. And some studios are still selling titles to streaming services. Sony sold its Camilla Cabello “Cinderella” to Amazon Prime and its Kevin Hart pic “Fatherhood” to Netflix.Even the films with theatrical debuts will have either unique hybrid release plans or shortened theatrical windows. All Warner Bros. titles will debut simultaneously in theaters and on HBO Max. Most Disney movies, including “Cruella” (May 28), “Black Widow” and “Jungle Cruise” are opening in theaters and on Disney+ as a premium rental (although “Luca” is going straight to Disney+). And the Sundance breakout “CODA” is getting a simultaneous release in theaters and on Apple TV+.For theaters and studios, the unknowns are many. But everyone is feeling emotional that moviegoing might finally become normal again.“I think about it all the time,” said Gunn. “I can’t wait to sit in a theater with a group of people and watch films again. It is a true joy in life. It’s a magical space for me and has been since I was a very little boy.”Follow AP Film Writer Lindsey Bahr on Twitter: www.twitter.com/ldbahrTags :featuredNewsshare on Facebookshare on Twitteradd a commentArson suspect seen starting multiple firesCity and Coalition settle legal battleYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall5 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter15 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor15 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press15 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press15 hours agoNewsCouncil picks new City ManagerBrennon Dixson15 hours agolast_img read more

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Sony set for wider loss on weak mobile performance

first_imgHomeDevicesNews Sony set for wider loss on weak mobile performance Steve Costello Previous ArticleAsia Briefs: Smart launches ultra-cheap internet, Bangladesh adds 1% tax & moreNext ArticleLeading Jazztel shareholder resists Orange bid MediaTek capitalises on 4G, 5G smartphone gains Tags Author Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more Devices center_img Sony is set to record a charge of JPY180 billion ($1.7 billion) in its Mobile Communications unit, following a review of its device activities.In line with this, it intends to change its strategy in certain geographies, concentrating on its premium lineup and reducing the number of models in its mid-range portfolio.According to Reuters, this will be accompanied by a headcount reduction in the mobile unit of around 15 per cent – it had previously been looking to expand this business.Sony said its previous plan was “focused principally on achieving significant sales growth”. This has now been modified to “address the significant change in the market and competitive environment of the mobile business”.Under the new regime, the overarching strategy for the unit has been “revised to reduce risk and volatility, and to deliver more stable profits”.Sony has already revealed it saw a tough start to the year, shipping 9.4 million smartphones in fiscal Q1—down from 9.6 million in the prior-year period. It also reported an operating loss in the devices unit.According to reports earlier this year, Sony is looking to work with fast-growing device silicon vendor MediaTek for its mass-market devices.On a group level, the company is now forecasting a loss of JPY230 billion for the year to 31 March 2015, compared with its earlier forecast of a JPY50 billion loss, and reflecting the additional JPY180 billion charge.Its sales forecast remains unchanged, at JPY7.8 trillion. MediaTek targets mass-market 5G with latest chip Qualcomm China shipments slashed on US sanctions Related AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 17 SEP 2014 MediaTekSonylast_img read more

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Ofcom takes aim at scam calls

first_img Tags Ofcom completes 5G spectrum allocation Home Ofcom takes aim at scam calls Previous ArticleHuawei backdoor to Google apps slams shutNext ArticleVodafone shares unused 4G spectrum to connect rural areas Yanitsa joins Mobile World Live as a Reporter based in London. She has more than 5 years’ experience at various media outlets in her home country Bulgaria. She started her career as a political reporter, followed by taking editor roles… Read more UK operators splash £1.4B in latest 5G auction AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 02 OCT 2019 UK launches regulator targeting tech giants Yanitsa Boyadzhieva UK regulator Ofcom took action against scam calls and imposed new rules to cap the cost of calling phone numbers starting with 070.The watchdog announced in a statement that the new wholesale price cap of calling 070 numbers is now aligned with the maximum charge for calls to mobile numbers, currently around 0.5 pence per minute.Before the new regulation, any company controlling an 070 number could charge the caller’s phone company a wholesale price of as much as 39 pence per minute, and phone providers charged between 45 pence and £1.10 per minute for calls to ‘070’ numbers.Ofcom explained 070 numbers are designed to be used as a ‘follow me’ service, where calls are diverted from one number to another, so the person being called can keep their own number private.Numbers starting with 070 are often used in classified adverts or by small businesses and making calls to such numbers costs more than phoning mobile numbers.However, it is common for users to take 070 numbers as mobile numbers, which begin with 07, which has created an open door for scams and fake calls. This has led to higher consumer phone bills.“We uncovered evidence of scams, such as missed calls and fake job adverts, that took advantage of consumers’ lack of awareness of these high prices. An estimated minimum of 20 per cent of 070 calls involved some form of fraudulent activity”, Ofcom said.The regulator believes the new pricing cap will remove the incentive for scams by “significantly cutting the money that can be made from using these numbers”. Subscribe to our daily newsletter Back costOfcomwholesale price Author Relatedlast_img read more

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