US slips in WEF’s competitiveness rankings for 2010

first_img whatsapp Thursday 9 September 2010 8:09 pm KCS-content whatsapp SWITZERLAND remains the world’s most competitive economy, while the United States has fallen from second to fourth after losing the top spot last year, according to the World Economic Forum’s (WEF’s) annual rankings.Sweden, in second spot, and Singapore in third leapfrogged the United States in the WEF’s Global Competitiveness Report 2010/2011.Last year the Asian city-state ranked third and Sweden fourth. Germany climbed to fifth from seventh.The WEF said America slipped in the ranking due to a build-up in US macroeconomic imbalances, a weakening of the country’s public and private institutions and concerns about the state of its financial markets.The report said a lack of macroeconomic stability continues to be America’s greatest area of weakness, with repeated fiscal deficits leading to burgeoning public indebtedness.It also said that US business leaders show less trust in politicians and the government’s ability to maintain an arm’s-length relationship with the private sector.The report factors in a survey among business leaders, assessing the government’s efficiency and transparency.Switzerland retained first place thanks to its high capacity for innovation and sophisticated business culture. Nordic countries did well, with Finland and Denmark joining Sweden in the top 10.China rose two places to 27th and was the most competitive of the major emerging economies. Share center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.cominvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comHero WarsBig Boss of internet games!Hero WarsWorld LifestyleCouple Has No Idea Why Photo Goes Viral, Then They Notice This In The CornerWorld Lifestyle US slips in WEF’s competitiveness rankings for 2010 Show Comments ▼ Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULLlast_img read more

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Shoppers hit cards again ådespite economic gloom

first_img whatsapp SHOPPERS are splashing out with their credit and debit cards at a near-double digit rate, figures showed yesterday. Card users put 9.2 per cent more on plastic last month than they did in the same month of the previous year.August was the fourth month in a row during which the annual rate of growth was more than nine per cent compared with the previous year – suggesting that cash-strapped consumers are not reducing their spending despite a looming programme of government cuts.The index, based on transactions processed by Barclaycard Global Payment Acceptance, showed that sales, discounts and back-to-school spending had helped keep the retail sector buoyant during the month. The rising cost of food and cotton may also be starting to filter through into prices, further boosting spending levels, according to the research. Earlier this week Next said its clothes prices could rise by up to five per cent.But spending during August itself dipped slightly compared with July, falling by 1.9 per cent.The group partly attributed this to the fact that many shops started their summer sales in that month.Stuart Neal, head of Barclaycard UK Payment Acceptance, said: “With leading retailers warning that the government austerity drive will keep the economy in the doldrums and hit consumer confidence hard, it is good to see a fourth month of increased spending. While there is some cause for viewing the near future with a certain amount of trepidation, recent indicators are good. Confidence remains relatively high, but it will be important to see how spending fares when public spending cutbacks begin to hit people’s pockets, and not just the headlines.” KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Shoppers hit cards again ådespite economic gloom whatsappcenter_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Share Thursday 16 September 2010 8:26 pm Show Comments ▼ Tags: NULLlast_img read more

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Betfair to list on London Stock Exchange

first_imgTuesday 21 September 2010 3:01 am Betfair, the world’s biggest Internet betting exchange, has confirmed plans to list on the London Stock Exchange in a move it said will help it develop its international operations.Betfair said it will continue to pursue growth internationally, where its market presence is currently lower than in Britain.It highlighted Europe and Australia as key future growth markets, with development opportunities in the longer term seen in markets such as the United States, India and China.Betfair, worth an estimated £1.5bn, was launched 10 years ago by Andrew Black, a former professional gambler, and former JP Morgan trader Edward Wray, who jointly own one quarter of the group.The company cuts out traditional bookmakers by matching individual gamblers.“Betfair has delivered sustained revenue growth and continued profitability, and this success, along with our debt-free balance sheet, underpins our confidence to continue investing in the many opportunities we see before us for the long-term success of the business,” chief executive David Yu said in a statement.The company said Goldman Sachs and Morgan Stanley would be acting as joint sponsors and bookrunners for the initial public offering (IPO) with Barclays Capital and Numis acting as co-lead managers. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo whatsapp Share John Dunne center_img whatsapp Betfair to list on London Stock Exchange Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more

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Dallas Mavericks owner accused of insider dealing

first_img A federal appeals court yesterday revived the US Securities and Exchange Commission’s insider trading lawsuit against Mark Cuban, the billionaire and owner of the Dallas Mavericks basketball team.The US Fifth Circuit Court of Appeals said a lower court erred in dismissing the case, in which the SEC accused Cuban of acting on non-public information when he sold his stake in Mamma.com, a Canadian internet search engine company, to avoid more than $750,000 (£482,000) of losses.The appeals court sent the case back to the lower court for further proceedings, which could lead to a trial. Cuban is worth $2.4bn, Forbes magazine said in March. whatsapp Show Comments ▼ whatsapp KCS-content Share Tags: NULLcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Dallas Mavericks owner accused of insider dealing Tuesday 21 September 2010 8:08 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof last_img read more

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Moody’s downgrades AIB debt

first_img Credit agency Moody’s slashed its ratings on Anglo Irish Bank’s lower-grade debt, rattling investors as Dublin tots up the final cost of rescuing a lender whose soured loans have crippled the country’s economy.Moody’s cut the nationalised bank’s senior unsecured debt by three notches to Baa3 – just one notch above junk status – citing a small risk the government would not continue to support that class of debt, the agency said. It slashed Anglo Irish’s subordinated debt by six notches to Caa1.The steadily mounting scale of the bank’s rescue has heaped further pressure on already strained public finances, propelling the former “Celtic Tiger” economy to the forefront of investor concerns about the sustainability of sovereign debt in the euro zone.According to unnamed government sources cited by German business daily Handelsblatt on Monday, the European Central Bank gave serious consideration to activating the euro zone’s bailout fund for Ireland but in the end decided not to.Finance Minister Brian Lenihan has said it was unthinkable that Ireland would default on senior debt but, in the absence of such assurances given on subordinated paper, analysts say those might face a buyback at well below par.The euro fell to an intraday low against the dollar following the Moody’s announcement. Already high yield spreads on Irish debt compared with German equivalents were little changed.The rating agency said that while it still expected the government to support all grades of senior debt, the rating would remain under review for possible downgrade until a decision was made.“While Moody’s considers the likelihood of the government not supporting this (senior unsecured) debt to be very small, this risk has been reflected in the three-notch downgrade,” Ross Abercromby, lead analyst for Anglo Irish at Moody’s, said in a statement.Facing political pressure to shut down Anglo Irish, whose loan book soured dramatically after a disastrous property binge left it heavily exposed to the impact of the financial and market downturn, the government has outlined a compromise plan. It is splitting the lender into an asset recovery bank and another entity to house its deposits which will not lend any money.Though the final cost of the exercise is not expected to be revealed until later this week or early October, the 25bn euros so far earmarked would already push Ireland’s 2010 budget deficit to well over 20 per cent of gross domestic product.In a further hurdle to efforts to clean up public finances just two months before the 2011 budget vote, the main opposition party said it will pull much of the cover it provides for MPs absent from parliamentary votes. Moody’s downgrades AIB debt Tags: NULL whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Share John Dunne center_img whatsapp Show Comments ▼ Monday 27 September 2010 9:57 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comlast_img read more

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Man Group hit as more clients pull out assets

first_img whatsapp Tuesday 28 September 2010 3:36 am Man Group hit as more clients pull out assets whatsapp Tags: NULL More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Share Hedge fund firm Man Group saw clients pull out assets for an eighth straight quarter, as improved performance from its flagship AHL fund failed to offset withdrawals by private investors. Man, which is buying smaller rival GLG to boost assets and diversify away from computer-driven funds, said clients withdrew a net $600m (£379m) over the three months to September.This was below the rate of withdrawals seen in the three months to June, although it was above the level of a year ago, and confounded hopes that the firm would follow the improvement in the wider hedge fund industry and attract clients again. Man was helped by an improvement in the performance of its $21.1bn AHL fund, which lost around 16 per cent last year but is up around 7.6 per cent this year, well ahead of the average hedge fund’s gains although still failing to pull in notable performance fees. AHL’s gains helped lift Man’s assets – on which fund firms earn their standard management fees – by three per cent to $39.5bn.Man also said it would make an estimated half year profit of $215m. Show Comments ▼ John Dunne last_img read more

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Apple under pressure to make a big money deal

first_img Share whatsapp Monday 1 November 2010 7:34 pm Show Comments ▼ KCS-content APPLE has $51bn (£32bn) burning a hole in its very deep pockets. This has led to rumours it is about to buy anything from a small European nation (possibly Belgium) to a terracotta army fashioned in the image of its iconic leader Steve Jobs. Most persistent, though are the whispers that it is fallen Japanese giant Sony that Jobs has his beady eyes trained upon. The pressure to make a big acquisition is undoubtedly growing, with Apple’s cash pile threatening to eclipse the sun if it doesn’t spend it on something soon.The problem it faces is that Apple investors have become used to the firm earning about $2 for every $1 it invests, making anything but an acquisition unpalatable. A share buy-back programme, for instance, would be value destructive and, as one industry insider told City A.M., “When the best thing a board can think of is to buy is its own shares, it might be time to get a new board.”Apple has been acquisitive in the past, with Quattro Wireless and LaLa both adding value, but neither would satisfy the thirst of some investors. So, assuming a jaw-dropping acquisition is on the horizon, here are some of the possible names, and our assessment of how likely a deal is.SONYMARKET CAP: $38bnLIKLIHOOD: 1/5Shares in the former electronics poster-boy have continued to edge up since speculation about an Apple bid began, despite every industry analyst looking on incredulously. The idea is, frankly, barmy, but there are a few reasons to entertain it. The firm’s market value has dropped to $38bn, placing it within Apple’s reach. The two have been touted as a good fit in the past, with Sony tipped as a possible buyer for Apple a few years ago. Jobs was a huge fan of Sony in his youth, and was transfixed with the Walkman, immediately dismantling one the first day he bought it. Apple has a growing influence in video games and a tie-in with Sony’s PlayStation could be fascinating.But Sony is a sprawling firm with thousands of products in categories ranging from cameras to Blu-ray players; the antithesis of Apple’s core-product strategy. The Japanese government would undoubtedly be hostile to a foreign bid. Sony investors would demand a significant premium on its market cap and Apple’s share price would take a beating. All things considered, this is a headache too far for Apple.DISNEYMARKET CAP: $68bnLIKLIHOOD: 2/5This deal isn’t quite as far-fetched as it first sounds. Steve Jobs is already the largest stakeholder in the firm after being awarded $4bn worth of shares (following its acquisition of Pixar, in which he owned a 50.6 per cent stake). Disney’s TV arm, which includes ESPN, could be of particular interest to Apple, which is looking to roll out its burgeoning online video streaming business. On-demand TV is an increasingly lucrative market and Apple has a solid foundation in its iTunes Store, which sells individual movies and episodes. Jobs has so-far called his foray into online streaming a “hobby”. But the latest incarnation of Apple TV suggests it could soon be incorporated into the core range of Apple products. However, at $68bn Disney is on the steep side, even for Apple.FACEBOOKMARKET CAP: $33.7bn LIKLIHOOD: 2/5Facebook founder Mark Zuckerberg has already hinted the firm will be floated in 2012 but a trade sale to Apple is still possible. It would be a good fit for Apple’s growing online gaming business, with Facebook pulling in millions of casual gamers.Apple has recently moved to make its iTunes platform more “social”, incorporating very Facebook-esque elements such as the ability to create a group of friends with whom to share music. An acquisition of Facebook could integrate well with this and provide a massive new audience for Apple’s social network.However, the $33.7bn price tag is steep. While Facebook is a different kettle of fish to the likes of MySpace, Friends Reunited and Bebo (all disastrous acquisitions which lost millions for their buyers), a single investor would be taking on a lot of risk.ADOBE MARKET CAP: $14bnLIKLIHOOD: 1/5Once upon a time this seemed like a done deal. Apple machines integrated seamlessly with Adobe’s software. Design geeks around the world paired Photoshop and iMacs. Apple even uses an Adobe-owned font in its advertising (Myriad Pro). But then the relationship hit the rocks – Jobs decided Adobe’s online video software Flash was the cause of all of his web-browsing nightmares and declared all-out war on the firm. The iPhone and iPad both refuse to load Flash videos. Jobs has almost single-handedly pushed a new paradigm for online video on the web (HTML5), massively undermining Adobe along the way. The thought of them striking a deal now seems very, very remote. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raidercenter_img More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com whatsapp Apple under pressure to make a big money deal Tags: NULLlast_img read more

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UK superfast broadband take-up lags

first_img whatsapp Share Wednesday 1 December 2010 7:21 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof THE UK has the worst take-up of superfast broadband of any major developed nation, new research by the communications watchdog has revealed.Just 0.2 per cent of people in the UK have access to broadband speeds of 30Mbits a second or higher. This compares to 34.4 per cent of people in Japan, 12 per cent in Sweden and 7.1 per cent in the US.Ofcom says it expects this to increase as BT rolls out its Infinity broadband package and Virgin continues to expand its cable offering. With ambitious rollout plans that include connecting rural areas to superfast networks, Ofcom estimates the UK will have the highest proliferation of speeds over 30Mbits a second in Europe by 2015.The UK also lags behind in super-fast mobile networks, with a maximum possible download speed of just 7.2Mbits a second – level with France but far behind Sweden with 100Mbits a second. Japan, Australia and Poland all have theoretical download speeds of 42Mbits a second.Ofcom also expects this to rise significantly over the next two years, with two major spectrum auctions coming up which will relieve pressure on mobile data networks. The most significant will be the auction of the 800MHz spectrum which is currently used for analogue TV but will be available after the digital switchover is complete.The study of communications trends also shows that the UK is cheaper than any major European nation or the US for mobile, broadband and TV.The UK leads Europe for internet purchases, with the average online spend per person reaching £1,031 – almost twice the next highest nations, France with £595 and Germany with £588.Ofcom believes this is down to the higher proliferation of credit cards in the UK, the early growth of Amazon here and the tradition of catalogue purchases. The share of online advertising is also higher in the UK than in any of the comparator countries, at 27 per cent. The US has 17 per cent and Japan has 15 per cent.IPTV has been slow to take off in the UK but this is expected to grow when BBC-backed venture YouView launches next year. whatsapp UK superfast broadband take-up lags center_img KCS-content Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndo Show Comments ▼last_img read more

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Morgan Stanley plans bonus cut

first_img whatsapp KCS-content More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Thursday 9 December 2010 9:04 pm Tags: NULL Share center_img Morgan Stanley plans bonus cut whatsapp Morgan Stanley is planning to pay empoyees bonuses that are 10 to 30 per cent smaller this year, owing to volatile market conditions, it was reported last night. Several managing directors who oversee groups of employees have been informed of the bonus estimates, which are preliminary and subject to change in the coming weeks, one source said. The cuts are likely to hit traders and back office staff hardest, though the final figures won’t be revealed until January. Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldlast_img read more

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Enterprise tsar is scrapped

first_img Sunday 19 December 2010 10:05 pm KCS-content Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndocenter_img whatsapp Enterprise tsar is scrapped Share The government is said to have scrapped the position of enterprise tsar, following Lord Young’s resignation last month over his “so-called recession” remarks. Downing Street has said there are no plans to replace Young and that his role, including a review into bureaucracy, would come under the remit of business minister Mark Prisk. The position was filled by Lord Sugar during the last government. Tags: NULLlast_img read more

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