Citigroup in row over $50bn of deferred tax

first_img Share Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoHappyTricks.comHer House Smells Divine – This Easy Trick is how She Does ItHappyTricks.comUndoNinjaJournalistAdvertisement 25 Cute Baby Animals That Will Melt Your HeartNinjaJournalistUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoCrafthoughtShe Was A Legendary Actress – Today She Works 9 To 5CrafthoughtUndoFresh-Story.com30 Celebs Who Quit Fame For ‘Normal’ Jobs And Never Looked BackFresh-Story.comUndoFood World MagazineMagnesium Deficiency Causes Heart Attacks! Eat These 15 FoodsFood World MagazineUndo whatsapp Monday 6 September 2010 8:48 pm Citigroup in row over $50bn of deferred tax center_img More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org CITIGROUP, the American behemoth, is embroiled in a dispute with analysts and accountants over whether it should store up capital to cover $50bn (£32.4bn) of deferred taxes.Citi says it will earn enough cash to justify ignoring the need to hold reserves against the deferred charges. But critics say the necessary target – $99bn of taxable income over the next two decades – is too optimistic.Citi had annual pre-tax profits in excess of $20bn between 2002 and 2006 but recorded crippling losses during the financial crisis. Its annual pre-tax deficit topped $60bn in both 2008 and 2009.The US Securities and Exchange Commission looked into the matter last year. But it is not known if the watchdog is still investigating. whatsapp KCS-content Tags: NULLlast_img read more

BCC voices its concern over the recovery

first_imgMonday 11 October 2010 8:32 pm KCS-content Share BRITAIN’S economic recovery is rapidly running out of steam and the government and the Bank of England will need to take robust action to prevent a double-dip recession, the British Chambers of Commerce (BCC) will warn today.The BCC’s quarterly economic survey showed that the UK economy slowed considerably in the three months to September following unusually strong growth recorded in the second quarter. Although manufacturers were at their most confident about revenues since the third quarter of 2007, their profitability confidence declined by three points to 23 per cent. Results from the service sector showed performance to be worse than the manufacturing sector, with key indicators such as employment expectations and investment all slowing.David Kern, chief economist at the BCC, said: “The dismal performance of the service sector is particularly disturbing, since it occurs even before VAT is due to rise to 20 per cent and before the full impact of the tough deficit-cutting measures takes effect.”The BCC’s director general David Frost said that the focus should shift from cuts to supporting UK economic growth. He also added that the government would need to support capital investment in crucial infrastructure projects.The BCC is also calling for supportive policies from the Bank of England to reduce the risks of a renewed setback in the recovery. Kern warned: “The MPC should seriously consider increasing the quantitative easing programme to £250bn before the end of 2010 to enhance the economy’s ability to cope. Reducing threats of a double-dip recession must be the main policy priority.”Bank of England MPC member Adam Posen echoed this sentiment in a speech two weeks ago. whatsapp BCC voices its concern over the recovery Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap whatsapp Tags: NULL Show Comments ▼last_img read more

Hyundai UK recalls 17,000 cars for checks

first_img Tags: NULL Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Share Monday 25 October 2010 7:31 pm whatsapp Show Comments ▼ KCS-content HYUNDAI UK has recalled thousands of cars over fears that winter road de-icing salt may have damaged their suspension systems.The South Korean group is urging owners of 17,000 Santa Fe models made between July 2000 and June 2003 and Trajets from between January 2000 and May 2004 to return them to dealers for checks. It says corrosion caused by salt may have damaged a few of the vehicles.It said dealers would inspect the cars free of charge and upgrade their rear suspension to prevent corrosion.It said the corrosion had not caused any reported accidents. “Hyundai is asking for the vehicles to be inspected as a quality measure,” the group said.Meanwhile, Japanese car maker Nissan hit sales and production records last month. Its Sunderland factory increased production 4.4 per cent year-on-year to 42,371 units due to demand for the new Juke and Qashqai models. European sales in the month rose 4.7 per cent year-on-year to 56,269 units due to demand recovery in Russia.Sweden’s Volvo Trucks said better demand in all its markets boosted sales 32 per cent to 64bn Swedish krona in the third quarter and operating income moved into the black. Hyundai UK recalls 17,000 cars for checks last_img read more

MP hits out at attacks on the City

first_img Show Comments ▼ MP hits out at attacks on the City whatsapp whatsapp THE Square Mile’s local MP will today launch a rare but impassioned defence of the City and financial services, accusing the coalition of “playing to the gallery” to appeal to “general banker bashing sentiment”. Mark Field, the Conservative MP for the Cities of London and Westminster, will use a speech at Westminster Hall to hit out at the “near universal distaste reserved for financial services”.Field will also warn the government against punishing the financial services sector while “picking winners” to engineer a rebalancing of the economy. He will concede that the financial crisis highlighted the UK’s dependence on the City and its exposure to the global banking system.But he will add: “My worry is that it is being used as code – even by Conservative coalition ministers – for a playing to the gallery as part of the general banker bashing sentiment.”And he will warn against “penalising our most competitive sector” while “fooling ourselves that a miraculous rebalancing of the economy will occur by default”. “It is not for the government to pick winners and losers,” Field will say. Last night, Field told City A.M.: “The thing I’m trying to get across is this: time and time again, foreign bankers tell me we must be mad, because we have a business that links us successfully to international markets, but we want to throw it away.” Tags: NULLcenter_img KCS-content Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndo Tuesday 2 November 2010 10:09 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Sharelast_img read more

Jet deal lifts Rolls-Royce

first_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 PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoammoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Jet deal lifts Rolls-Royce KCS-content Monday 22 November 2010 8:15 pm EMBATTLED?jet engine maker Rolls-Royce got a much-needed boost yesterday from a $1.8bn (£1.13bn) order from Air China, only weeks after one of its engines exploded on an Airbus super-jumbo.Rolls, which is facing potential compensation claims after a Trent 900 engine broke up in mid-air on an Airbus A380, said the airline was buying engines for 20 Airbus aircraft.The order includes Trent XWB engines for 10 A350 XWB jets and Trent 700 turbines for 10 A330s.It comes after China Eastern Airlines ordered $1.2bn of Trent 700 engines on November 9 for 16 A330 jets. Rolls also won a $100m share of a deal from Brazil’s TAM Airlines.Rolls will welcome the news as a vote of confidence from airlines despite the accident on 4 November.It is repairing Trent 900 engines on the A380 after Qantas flight QF32 from Sydney from Singapore had to make an emergency landing.Airbus wants compensation for disruption and Rolls says its profits are likely to be slightly lower as a result of the cost of correcting the problems.Meanwhile, in further good new for Rolls Royce, Australian airline Qantas said it will resume flying its Airbus 380 fleet from Saturday after engine inspections concluded the airplane was safe to fly.FACT BOX | Rolls-Royce Trent EnginesThe Trent 900 is part of the Trent series of engines made by Rolls in Derby in the East Midlands.The Trent family includes the 1000 for the Boeing 787 Dreamliner,the Trent XWB for the Airbus A350, the Trent 900 for the A380, the Trent 800 for the Boeing 777, the Trent 700 for the Airbus A330 and the Trent 500 for the Airbus A340-500/600.Trent 900 for A380 super-jumbo in service with three operators so far including Singapore Airlines,Qantas and German flag carrier Lufthansa.Trent 900 was chosen by nine out of 14 airline operators of the A380, making it the most popular engine on the aircraft against an alternative from US rivals General Electric and Pratt &?Whitney.Of the 37 A380s currently in the air, 20 are equipped with the Trent 900.British Airways has ordered 12 Airbus A380s with Trent 900 engines.The Trent 900 powered the first flight of the A380 in April 2005. Show Comments ▼ Sharecenter_img whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comWhy people are finding dryer sheets in their mailboxesnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com whatsapp Tags: NULLlast_img read more

Traffic free day earns London shops £250m

first_img Tags: NULL KCS-content OVER £250m was spent in West End shops this weekend, as consumers took advantage of the sixth annual traffic-free “VIP Day” in Oxford Street and Regent Street.And retailers are delighted with a reported boom in sales of “big ticket” items, after recent data pointed to a slump in people’s willingness to splash out on major purchases.“Many stores have reported over a 10 per cent rise in sales of big ticket items,” said Richard Dickinson of New West End Company, a collaboration of large West End stores.Shoppers spent an average of £200 each, a huge jump from last year’s average of £120. Cutting edge consumer electronics led the way, with large sales in 3D televisions and 4G smart phones.VIP Day (“Very Important Pedestrians”) saw 1,000 buses re-routed. Benefiting from the surge of on-foot shoppers was Starlight, a charity for seriously and terminally ill children. American Express pledged to donate £1 every time a card was used over the weekend.And the day is a boon for the local economy, according to councillor Brian Connell of Westminster Council.“More than 350,000 jobs are dependent on the West End’s ongoing success,’ he said. “VIP day is a great way for shoppers to stock up before Christmas.” Sunday 28 November 2010 9:31 pm Traffic free day earns London shops £250m Share whatsappcenter_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 PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Show Comments ▼ whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orglast_img read more

Winter freeze hits UK services sector

first_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 PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Show Comments ▼ SNOW and adverse weather during December were blamed for a contraction in Britain’s services sector, yesterday.The country’s largest sector experienced its first decline for 20 months, stalling the recovery. Yet economists hope business activity will pick up this month – assuming there is no return to arctic conditions.“It is worth noting that in January last year, when the weather was similarly disruptive, the index fell, only to then bounce back the following month,” said Simon Hayes of Barclays Capital.The business activity index, compiled by Markit and the Chartered Institute of Purchasing and Supply (CIPS), dropped to 49.7, down from 53 in November. All figures below 50 signal a contraction in the industry. Figures above 50 indicate growth.And levels of new business also fell, “with companies widely blaming the poor weather for market disruptions,” the report said.Yet respondents still expect their businesses to grow this year. “It’s encouraging to see that business confidence for next year continued to improve slowly with the promise of stronger economic recovery,” said David Noble of CIPS.Service sector business expectations increased to 66.5 in the index.Restaurants, hotels and the catering industry were particularly affected by the weather, as well as rising prices.Prices increased even on the previous month, according to more than one in five survey respondents. Input prices increased at the sharpest rate in over two years, the report said.Yet competitive pressures prevented service providers from passing the price rises onto their clients. Absorbing the price pressures, companies reported a decline in their profitability.And companies with government clients reported a weakness in demand from the public sector, as this year’s fiscal consolidation prepares to kick in. whatsapp Winter freeze hits UK services sector More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell 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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comcenter_img KCS-content whatsapp Tags: NULL Thursday 6 January 2011 7:29 pm Sharelast_img read more

Telenor seeks to block deal by Vimpelcom

first_img whatsapp KCS-content Telenor seeks to block deal by Vimpelcom whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org NORWEIGAN communications group Telenor is taking mobile group Vimpelcom to arbitration over its planned $6bn (£3.8bn) purchase of telecoms groups Wind and Orascom, a move likely to mire the deal in a lengthy legal tussle.Telenor, which owns nearly 40 per cent of Russia’s Vimpelcom, said yesterday it had requested an arbitration tribunal over a part of the deal that prevents it from exercising pre-emptive rights over a share issue.Vimpelcom announced a $6bn cash and shares deal to buy Italy’s Wind and control of Egypt’s Orascom from Egyptian tycoon Naguib Sawiris last month, which could create one of the world’s biggest telecoms operators. Telenor has vowed to fight the transaction – which it says is too risky and will reduce its influence over the company – putting it at loggerheads with Mikhael Fridman’s Alfa group.Telenor and Alfa’s telecoms unit Altimo are no strangers to conflict, having fought a series of legal disputes over Vimpelcom’s strategy before a truce was called in 2009.Telenor’s shares were down 0.9 per cent in early trade, in line with wider global markets.Telenor spokesman Dag Melgaard said the company had appointed an arbitrator – a private legal method not decided in public courts – and the tribunal will be based in London.Altimo said in a statement it would “vigorously contest” the claims and was confident of victory. center_img Share Monday 31 January 2011 8:01 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe 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 TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Show Comments ▼ Tags: NULLlast_img read more

Juicy profit margins at Devro as world demand for meat heats up

first_img 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 ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Monday 21 February 2011 7:35 pm SAUSAGE-skin manufacturer Devro reported bumper results yesterday as it said an ever-richer world population is opting to eat more meat. Devro’s profit before tax and exceptional items grew 44 per cent in 2010 to £36.3m, up from £25.1m in 2009, while revenue grew 7.5 per cent to £237m. Its success was driven by an 11 per cent jump in sales of its edible collagen products, used in food manufacturing. Profit margins also improved to 16.1 per cent in the year from 12.4 per cent in 2009, as it raised its prices. Devro reduced its China sales because it could sell them at a higher price elsewhere – but it is moving one of its directors to Hong Kong to formalise a strategy for south east Asia. “Demand for collagen casings is growing rapidly in China, and we are looking carefully at strategic ways to approach that market,” it said. whatsapp Share KCS-content center_img Juicy profit margins at Devro as world demand for meat heats up Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap whatsapp Show Comments ▼ Tags: NULLlast_img read more

Colombian regulator strikes back

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: LATAM Colombia Email Address Colombian regulator strikes back Coljuegos launch ‘strong offensive’ against illegal gambling operations Topics: Legal & compliance Legal & compliance Subscribe to the iGaming newsletter 20th August 2018 | By contenteditor Tags: Online Gambling Colombian gambling regulator Coljuegos has detailed a “strong offensive” against illegal gambling activities and services which it claims are avoiding paying taxes that would be diverted to the South American country’s health and social services.In an official statement, Coljuegos said that so far during 2018 it has confiscated in excess of 2,000 illegal slot and betting machines.With the support of federal police, Coljuegos said 197 “illegal elements” were targeted that operated in seven establishments in the city of Bogotá and in the towns of the departments of Cundinamarca, Boyacá, Santander and Norte de Santander.President of Coljuegos, Juan B. Pérez Hidalgo, said that a total of “2,534 illegal elements of games of luck and chance” had been withdrawn so far this year. Slot machines and roulette games were also included in the clampdown.Pérez Hidalgo said that the taxes avoided by the illegal operations could have “financed the subsidised health system and served more than 107,000 Colombians”.Pérez Hidalgo stated that through operations carried out in 2017 and so far in 2018, 33 people had been arrested for operating games of luck and chance deemed to be illegal, with nine judicial proceedings having been initiated.The Coljuegos chief added that those who operate such enterprises could face between six and eight years in prison.There are currently 12 licence-holders for online gaming in Colombia – wplay.co, betplay.com.co, colbet.co, zamba.co, codere.com.co, mijugada.co, masgol.co, luckia.co, sportium.com.co, rushbet.co, aquijuego.co and apuestalo.co.last_img read more