Featured Posts

Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

Read more

Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

Read more

Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

Read more

Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

Read more

UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

Read more

BP asks PM to help curb US leak cost

Category : World News

BP appeals to Prime Minister David Cameron to intervene over the escalating compensation costs of the Gulf of Mexico oil disaster.

Follow this link: BP asks PM to help curb US leak cost

Post to Twitter

Health minister threatened with ejection from royal college

Category : Business

Earl Howe’s position on advisory committee under threat as doctors claim he ‘mis-sold’ health reforms

A health minister is facing the humiliation of being ousted from a prestigious role within the Royal College of Physicians over claims that he falsely reassured doctors who feared the coalition would privatise of the NHS.

Earl Howe’s position on an advisory committee is being reviewed following a complaint. Six influential members of the professional body that represents doctors wrote to its president, Sir Richard Thompson, claiming that the minister was “not a fit person to fulfil this important role”. Thompson has launched an investigation by the College’s trustees into Howe’s probity.

The senior doctors claim that Howe, a former banker, falsely advised them that reforms under the health and social care bill would not force doctors to use market mechanisms to choose where patients will be treated.

According to the doctors, the regulations will mean that clinical commissioning groups – the bodies to be set up by GPs to organise patients’ care – will have to put services out to tender if there is more than one provider capable of offering particular treatments. This means NHS hospitals and services will have to compete with private health firms for business.

Andy Burnham, the shadow health secretary, said there had been a breakdown in trust between health professionals and government, adding: “This whole issue has become a crisis of trust for the department of health. There would be a straight forward breach of trust given that statements ministers have given have not been honoured.

“The medical profession feels the government has mis-sold its NHS reforms. It was sold on the principle that doctors would be in control but in fact it will be the market that will decide.”

A spokeswoman confirmed that Thompson, and “in the interest of probity”, had “referred the issue to the board of trustees and would report back in June”.

She said the Friends of the RCP, the committee on which Howe serves, is an informal advisory group, including past presidents and officers, and figures from finance, industry, and other charities, that plays no role in the governance or management of the RCP but offers advice in areas such as effective fundraising.

The coalition denies the regulations will force doctors to put services out to tender, believing it will give GPs the ability to select a variety of providers and will improve standards.

Portugal to cut civil service jobs

Category : Business

Portugal plans to cut 30,000 civil service jobs and raise the retirement age to 66 as it tries to meet bailout conditions, the prime minister says.

See more here: Portugal to cut civil service jobs

Post to Twitter

Energy Bill ‘should be amended to protect community energy schemes’

Category : Business

Developed with large commercial operators in mind, the bill could stop wind farm projects from proceeding

Community owned renewable energy has received remarkable levels of vocal support from ministers and shadow ministers alike as the Energy Bill has progressed through parliament. However, it currently contains no supportive policy measures and, as it stands, represents a huge threat to this vibrant and rapidly growing sector.

Currently, the Energy Bill threatens to prevent larger community schemes over 5MW, such as the Westmill Wind Farm Co-operative in Oxfordshire and the Lochcarnan Community Wind Farm in Scotland, from ever happening again. The problem is that the Bill has been developed with large commercial generators in mind. Participating in the proposed “contracts for difference” system would require a high degree of technical knowledge, creating an excessive administrative burden for community projects largely dependent on passionate and dedicated volunteers. Also, with the end of the Renewables Obligation, electricity suppliers will have little incentive to purchase renewable energy from community generators, who have limited bargaining power.

To overcome these problems the Energy Bill urgently requires amendment. Together with 16 other co-operatives and civil society organisations, including the National Trust, Friends of the Earth, Greenpeace and the Transition Network, we are calling for community schemes to be exempted from the new “contracts for difference” regime by allowing projects up to 20MW in size to access the fixed Feed-in Tariff scheme instead. We also want a duty to be placed on the secretary of state to promote new community energy generation and for a Green Power Auction Market to be introduced, where communities would receive a fair rate for their electricity.

Critics of these amendments suggest that few community projects are of the scale that would be affected. This misses the point, as community energy is an emerging sector with huge potential for growth, with conservative estimates of 3.5GW of generation capacity achievable in the UK by 2020, the equivalent of nearly four conventional coal-fired power stations. Those larger community projects mentioned above are potentially the first of a great many, not exceptions to the rule.

Policymakers need to recognise that the benefits of community energy extend far beyond helping the country to meet its stated energy goals of reducing greenhouse gas emissions and improving energy security. It also keeps the profits generated within the community to be redistributed for its own benefit, improves energy awareness and influences personal behaviour, and perhaps most important of all, it increases public acceptance of vital renewable energy projects. Recent research commissioned by the Co-operative found that 22% of people would oppose a wind farm near their home. This opposition drops to just 7% if the project is owned by and benefits the community.

When planning opposition is the main barrier to many larger renewable energy projects being realised, this cannot easily be ignored.

There is very strong political support for community energy with Liberal Democrat secretary of state, Ed Davey, stating “I want nothing less than a community energy revolution” and the Conservative minister, Greg Barker, stating it to be “vital to our vision of the development of energy in the UK”.

DECC is also in the process of drafting a Community Energy Strategy, which is a very welcome step forwards. However, the Energy Bill remains a missed opportunity and grave threat with the only positive news being that Greg Barker has stated in parliament that raising the fixed Feed-in Tariff threshold is “under active consideration”.

We must keep up the pressure to turn this vocal government support into solid policy measures. You can help by contacting your MP to ask that they sign Early Day Motion 684 (Community Energy) and support our recommended amendments to the Energy Bill. So far the EDM has attracted support from across the political spectrum, with MPs from nine political parties having signed, including influential figures from the Conservative and Liberal Democrat parties. These include the Lib Dem president Tim Farron, former Conservative energy minister Charles Hendry and chair of the Energy and Climate Change Committee Tim Yeo.

With such a broad base of support and such enormous potential, community energy must be given the opportunity to thrive. We hope this opportunity will be taken when the Energy Bill reaches its report stage in the House of Commons in coming days.

Colin Baines is campaigns manager at the Co-operative Group

This content is brought to you by Guardian Professional. To join the Guardian Social Enterprise Network, click here.

Italy must focus on growth, says PM

Category : Business

Italy’s new prime minister says growth policies must be urgently adopted to counter an austerity drive under which the country is “dying”.

View original post here: Italy must focus on growth, says PM

Post to Twitter

Canada Provides Humanitarian Assistance for Earthquake Victims in China

Category : Stocks

OTTAWA, ONTARIO–(Marketwired – April 27, 2013) - Canada is supporting the International Red Cross Movement in providing immediate lifesaving assistance in support of people affected by the earthquake in China’s Sichuan province, announced the Honourable Julian Fantino, Minister of International Cooperation.

The rest is here: Canada Provides Humanitarian Assistance for Earthquake Victims in China

Post to Twitter

Letta set to become Italy’s next PM

Category : Business, World News

Centre-left politician Enrico Letta appears set to become Italy’s prime minister, and pledges a change of direction on austerity.

Read the original: Letta set to become Italy’s next PM

Post to Twitter

Ministers MacKay and Findlay Take Guided Tour of French Frigate Aquitaine

Category : Stocks, World News

OTTAWA, ONTARIO–(Marketwired – April 20, 2013) - The Honourable Peter MacKay, Minister of National Defence, and the Honourable Kerry-Lynne D. Findlay, QC, Associate Minister of National Defence and Member of Parliament for Delta – Richmond East, took a guided tour of the French Navy’s multi-mission frigate Aquitaine today in Halifax, N.S. The ship is currently conducting a goodwill port visit from April 18-20, on behalf of the French Navy and the Government of France.

Read more: Ministers MacKay and Findlay Take Guided Tour of French Frigate Aquitaine

Post to Twitter

TMK OAO (TMKXY: OTCQX International Premier) | TMK took part in Hannover Messe

Category : Stocks, World News

TMK, a leading global manufacturer of tubular products for the oil and gas industry, took part in Hannover Messe, one of the world’s largest trade fair for industrial technologies. < ?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />

This year Russia was Partner Country of the Fair, arranging an ambitious display, which involved TMK’s stand. The trade fair also featured a German-Russian Business Summit attended by Dmitry Pumpyanskiy, Chairman of TMK’s Board of Directors.

TMK’s corporate stand enjoyed attention from a number of top-level visitors, including Philipp Roesler, the German Minister of Economics and Technology; Denis Manturov, the Russian Minister of Industry and Trade; Andrey Belousov, the Russian Minister of Economic Development; Maxim Sokolov, the Russian Minister of Transport; Dmitry Livanov, the Russian Minister of Education and Science; and Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs.


For further information regarding TMK please visit or download the YourTube

Post to Twitter

Harper Government Invests in Improvements to Blind Bay’s Community Infrastructure

Category : World News

BLIND BAY, BRITISH COLUMBIA–(Marketwired – April 13, 2013) - Today, Colin Mayes, Member of Parliament for Okanagan-Shuswap, on behalf of the Honourable Lynne Yelich, Minister of State for Western Economic Diversification, announced support for upgrades to the Cedar Heights Community Centre under the Harper Government’s Community Infrastructure Improvement Fund (CIIF).

Read more here: Harper Government Invests in Improvements to Blind Bay’s Community Infrastructure

Post to Twitter