New internet domain available for U.S. credit unions

first_img 11SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The Credit Union National Association (CUNA) is now making the .creditunion top-level domain to eligible credit unions based in the U.S.The web addresses will not be automatically granted to those who apply. Each application will be subjected to a fairly rigorous evaluation and approval process, managed by CUNA. Domain names must correspond to a credit union’s name or brand in order to be obtained.U.S.-based credit unions with federally-registered trademarks can begin the application process immediately. Everyone else will have to wait until after June 6, 2017.Credit unions interested in registering a domain can get started at CUNA’s website. continue reading »last_img read more

TikTok Parent ByteDance in Talks to Raise $2 Billion Before Possible Hong Kong Listing: Report

first_imgIt could result in Beijing-based ByteDance eventually listing some of its biggest assets, such as Douyin, the Chinese version of TikTok, in Hong Kong.ByteDance is currently fighting to avoid US attempts to ban TikTok over national security concerns.Listing ByteDance assets could provide a major boost for Hong Kong’s market, which has been weighed down by the US-China trade war, the coronavirus pandemic and last year’s roiling pro-democracy protests.- Advertisement – Beijing is pushing its tech giants to list on Chinese exchanges.Hong Kong and Shanghai were set this week for the dual listing of Ant, the Alibaba-linked digital payments and finance provider, which would have been a world-record IPO.But it was pulled at the last minute amid an escalating dispute between Ant, whose controlling shareholder is billionaire Alibaba co-founder Jack Ma, and Chinese regulators. – Advertisement – Citing fears of systemic financial risks, Beijing has imposed new restrictions on fast-growing online lending and credit products, like those offered by Ant, in the run-up to the share issue.This was seen as potentially changing the business landscape for Ant, forcing the IPO to be shelved for now.The Trump administration has insisted on the need to ban TikTok, saying it has links to the Chinese government through ByteDance and that user data could be obtained by Beijing. The popular short-video platform has 100 million users in the US.TikTok has repeatedly denied the claim. ByteDance has avoided a ban in the country by setting up TikTok Global, which will run the short-video app’s US operations and be part-owned by Walmart and Oracle.Are iPhone 12 mini, HomePod mini the Perfect Apple Devices for India? We discussed this on Orbital, our weekly technology podcast, which you can subscribe to via Apple Podcasts, Google Podcasts, or RSS, download the episode, or just hit the play button below. ByteDance, the Chinese parent of viral video platform TikTok, is in talks to raise $2 billion (roughly Rs. 14,800 crores) from investors before a possible listing of some of its businesses in Hong Kong, according to a report.The plan could eventually value ByteDance at a massive $180 billion (roughly Rs. 13,31,300 crores), Bloomberg News reported late Thursday, citing people familiar with the talks.- Advertisement – – Advertisement –last_img read more

Studies on German pensions ignore unfunded liabilities, says Mercer

first_imgThe consultant noted that unfunded pension obligations still accounted for half of all liabilities in the German occupational pension system and said the issue should be included in any future reform proposal.It said it was “unconvinced” the German government had “the strength” to act on the proposals contained within the two studies this year, and that the issue of pensions could play a significant role in next year’s federal election campaign in the run-up to the general elections in the autumn of 2017.“In the end, there might be a postponement into the next legislative period and a more comprehensive reform of the pension system including all three pillars,” it said. Regarding the outcome of the studies, Mercer said many of the proposals were “to be welcomed”, including a mandatory employer contribution to defined benefit plans.The consultancy also thinks a “pure” defined contribution (DC) plan could bolster occupational pensions, as “past evidence suggests guarantees have cut in on returns”.However, it emphasised that any shift to pure DC would require greater public education, as would the auto-enrolment proposal, which Mercer welcomed as a “means to increase participation in company pension plans”. Fidelity also supported the introduction of a mandatory element in the German system. Drawing on its experience with auto-enrolment in the UK, it estimated occupational pensions could cover 80-90% of the workforce within two years after its introduction. Mercer has criticised two recent studies commissioned by the German government, with the first concerning industry-wide pension funds and the second second-pillar tax incentives. The consultancy cited the failure to note reforms involving the valuation of unfunded pension promises on German companies’ books as one of the studies’ major faults.It said the studies neglect to address the “discrimination against unfunded pension liabilities”, or Direktzusage, for which a 6% valuation rate on the balance sheet must be applied.Uwe Buchem, retirement market business leader at Mercer for Germany, Austria and Switzerland, said: “In light of continuously falling discount rates applied under HGB and IFRS, this is unacceptable.”last_img read more

Badgers aim to keep Axe for 8th straight year

first_imgIt’s all about the axe.The Wisconsin football team travels to Minnesota this Saturday to attempt to hold onto Paul Bunyan’s Axe for the eighth year running.According the linebacker Chris Borland, the main focus all week has been all about the legendary trophy.“Keeping the axe, that’s the biggest thing,” Borland said. “It’s important to us, it’s important to the fans and the game is on the road, so it’s going to be a challenge, but we’re ready for it.”Although the main theme is the axe and winning the 121st game in the NCAA’s longest rivalry, the Badgers have yet to win a conference game on the road this season. Despite the bottom-feeder status Minnesota has been tagged with for most of the season, it won’t be an easy road trip.In the past two weeks Minnesota has shown that it’s finally coming together and finding a team chemistry that is transferring onto the field.Two weeks ago, Minnesota upset a struggling Iowa team, 22-21, and then traveled to Michigan State the following weekend and stuck with the Spartans well into the fourth quarter before losing 31-24.Regardless of the teams current records and their respective successes or failures, Wisconsin knows it will always be a tough fight in the longtime Border Battle.“Any time you play Minnesota in the Border Battle, it doesn’t matter their record, it doesn’t matter where they’re at or what they’re doing, they’re going to play tough,” defensive end Brendan Kelly said. “They’re a tough team to beat, and it definitely looks like the last couple games they’ve … kind of found their rhythm. I’m excited to go against them especially back in my home state.”The last time these two teams met in Minnesota, it was a close one till the end. Minnesota led 13-10 at halftime, and Wisconsin didn’t pull away for the 31-28 win until the fourth quarter.In similar fashion, the Badgers believe they’ll have another fight from the Gopher offense this year rather than the 41-23 drubbing they gave the Gophers a year ago. This is largely due to UM quarterback Marqueis Gray, who threw for a season high 295 yards last week and three touchdowns while completing 19-of-32 passing attempts.“The thing about Gray is he’s definitely got a lot more confidence as the season’s gone on,” Kelly said. “That’s something you’ve got to be aware of and obviously be ready for. Just containing him and being smart – kind of what we did with Martinez and doing the right things – breaking down when you come to tackle him and respecting his ability athletically.”As Wisconsin seeks its first Big Ten road win this year, it has to establish its offense early – something it struggled to do consistently in Colombus and East Lansing.“It’s important [to establish themselves early] because it’s the next game,” Borland said. “The fact that it’s on the road is always a challenge. This is a rivalry game, even more is at stake.”With the offense rolling against Purdue – led by running back Montee Ball and his 223 yard, four touchdown game – the main unit in need of help is the special teams, which gave up big returns on kickoffs.Head coach Bret Bielema addressed the issue in his weekly press conference Monday.“Anytime you have a fundamental breakdown in any phase of the game – offense, defense, special teams – I think you’ve got to look at, A, what you’re doing; B, who you’re doing it with; and, C, what are the results”? Bielema said. “So we’ll take that and move forward and, hopefully, have a better performance on Saturday.”Kelly essentially summed up the feel of the game by noting the importance of the rivalry, especially given his Minnesota roots.“Hopefully I can swing that [axe] a lot harder this Saturday night,” he said. “Hopefully this week I’ll be able to run around the field with that thing. I’ve never not had it. I don’t know what it would feel like to not have it, but I don’t want to find out.”last_img read more