News Article | January 10, 2017
Brexit poses a risk to the global financial system and could spark more than 230,000 job losses, senior City figures have told MPs as they called for clarity on the UK’s future relationship with the EU. Xavier Rolet, chief executive of the London Stock Exchange, said Brexit could have an impact on “unimaginably large” contracts which are cleared through the City and which might need to be transferred to the 27 remaining EU member states or other financial centres. As Rolet called for a five-year transition period for the UK to exit the EU, MPs on the Treasury select committee were told the triggering of article 50 – the formal process initiating departure from the EU – in March could prompt banks to implement contingency plans to shift business out of London. “The ecosystem in London is a bit like a Jenga tower: you don’t know if you pull one small piece out whether nothing happens or whether it has a more dramatic impact,” said Douglas Flint, chairman of Britain’s biggest bank, HSBC. Ahead of the 23 June referendum HSBC said it could move 1,000 roles to Paris and Flint told MPs the bank was ready to take “pre-emptive action” before Brexit was completed. He pointed out that HSBC also had operations in Ireland, the Netherlands and Luxembourg. The outcome of the referendum has prompted European centres to make a pitch for the daily £440bn of business that is cleared through the City, largely through the London Clearing House, which is operated by the LSE. Rolet said the business was more likely to shift to New York than other European centres and called for a “grand bargain” with the incoming Donald Trump administration to resolve the matter. If the City did lose its ability to clear transactions denominated in euros – which was a contentious issue even before the Brexit vote – Rolet said 232,000 roles could be lost, citing research by consultants Ernst & Young for the LSE. That report has also been referred to by peers who said last month that thousands of jobs could be lost unless a transition deal could be secured for the UK. Anthony Browne, chief executive of the British Bankers’ Association, said last year that banks were “quivering over the relocate button”. When asked about this, Flint said: “Nobody wants to push the button. The best outcome for everybody is the preservation of the status quo insofar as possible.” He said it depended on the bank’s business model. Banks like HSBC which had operations in Europe “can take even longer to push the button,” Flint said, Citibank, he said, had a licence in Ireland but other banks operated in the EU through their London licence and might need to act sooner. Flint said that some US banks in London were able to transact with big European companies because they used a “passport” from their operations in the UK and were devising contingency plans. Those which did not have access to Europe would start to implement those “pretty much immediately on the triggering of article 50,” said Flint. Rolet said he was concerned about the “systemic impact” of moving contracts that are guaranteed by the London Clearing House if it was handled too quickly. The City has been calling for a longer period of transition to prepare for exit from the EU. Asked about this, Rolet said: “Two years is just too short.”A further three years after the two years of negotiation is needed, he added. Andrew Tyrie, the Conservative MP who chairs the committee, said: “The unanimity among these leading City figures – about the need for a three-year ‘standstill’ at the end of the article 50 process – is significant. They argued that without such an arrangement, major banks and other financial services firms will take pre-emptive action at a cost, perhaps large, to the sector and the wider economy.” The vote for Brexit has sparked a debate about special deals for certain parts of the economy after carmaker Nissan announced it would develop its Sunderland plant. But Flint disagreed with the assertion by Labour MP Wes Streeting that this would be a bankers’ Brexit. Along with Rolet, and Allianz vice-chair Elizabeth Corley, he called for clarity on the UK’s hopes for Brexit in the eight to 12 weeks remaining before article 50 is set to be triggered.
News Article | May 12, 2017
07:00London, 09:00 Helsinki, 12 May 2017 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) Interim Report AFARAK GROUP: INVESTOR CONFERENCE CALL Management will host an investor conference call in English on 12 May 2017 at 12.00 Finnish time, 10.00 UK time. Please dial-in at least 10 minutes beforehand, quoting the reference: 7467105 The confirmation code for the call is 7467105. Attendees can also access the following link to view the presentation https://slideassist.webcasts.com/starthere.jsp?ei=1147393 The presentation will also be available on the Company's website.
News Article | May 9, 2017
London, 9th May 2017: CentralNic is pleased to announce that its senior management team has been further strengthened by the addition of Sarah Ryan. Sarah, a highly-experienced Mergers and Acquisitions professional, joins CentralNic as Group Corporate Development Director. Sarah was formerly Director of International M&A for LexisNexis and Thomson Financial. In these roles, she led transaction due diligence and structured complex deal terms globally. These included deals in the Middle East, Russia, China, India, South Africa and Europe. Sarah began her career at Merrill Lynch in Mergers & Acquisitions, where she advised companies in a myriad of sectors on strategic alternatives, and in Equity Capital Markets. In this role, she marketed, priced and allocated IPOs, secondaries and convertible bond offerings. She has also consulted to a number organizations for due diligence, M&A and strategy projects. Sarah has an MBA in Finance, with honors, from the Wharton School of the University of Pennsylvania and a BA in Economics from Duke University. “With Mergers and Acquisitions playing a key role in our strategic plans moving forward,” said Ben Crawford CEO at CentralNic, “we are delighted to have an executive of Sarah’s calibre joining us in this key position." For investor enquiries (including those from financial press, securities analysts and investment professionals): Abchurch Julian Bosdet / Tim Thompson / Vera Prokhorenko 44 (0) 207 398 7719 firstname.lastname@example.org About CentralNic Group plc CentralNic (LSE: CNIC) is a London-based AIM-listed company. It earns revenues from the worldwide sales of internet domain names using its proprietary technology platform. It sells these domain names on an annual subscription basis. Customers pay for domain names upfront, making CentralNic a cash-generative business with annuity revenue streams. CentralNic comprises three business lines within the domain name industry. It operates a global wholesale network, supplying domain names to over 1,500 vendors in 77 countries, specializing in both country code ccTLDs and new Top-Level Domain extensions (the new alternatives to .com and .net). CentralNic is the exclusive wholesaler for over 30 new TLDs including. xyz, .site, .online, .website, .space, and .tech. These extensions rank among the top twenty-five most subscribed new Top-Level Domains. One in three of all domains registered under new TLDs globally uses the CentralNic platform. This positions CentralNic as the leading global supplier with over nine million of these domains under management. CentralNic is also a leading global domain name retailer, with retail websites including Instra.com, OnlyDomains.com, internetbs.net, and powers the largest portfolio of “flagship store” retail sites in the domain industry. Through its enterprise program, CentralNic supplies domain names (including high-value premium domain names), software and services directly to large companies and governments. For more information please visit: www.centralnic.com
News Article | May 11, 2017
"Amaya is already a leader in online gaming and I am eager to contribute to the company's future growth," said Mr. Chhabra. "I have tremendous respect and a strong relationship with the management team and look forward to working with them." Mr. Chhabra is an experienced online gaming executive, most recently serving as Group Director of Strategy and Corporate Development for William Hill since May 2010, and as Director of Corporate Development for Inspired Gaming Group plc (later merged with Inspired Entertainment, Inc. (Nasdaq: INSE)) from 2006 to 2009. Prior to that, Mr. Chhabra spent 12 years in various executive roles at major financial, consultancy and auditing firms, including Evolution Securities (later acquired by Investec plc (LSE: INVP)), Dresdner Kleinwort Wasserstein Securities LLC (now part of Commerzbank), Andersen Business Consulting and PriceWaterhouseCoopers. Mr. Chhabra earned a BSc (Econ.) degree from London School of Economics and Political Science in 1993. Mr. Chhabra's arrival is the latest management addition to Amaya, following the recent hiring of Bo Wänghammar as Managing Director of PokerStars Casino and Zeno Ossko as Managing Director of BetStars, and the promotion of Guy Templer as Chief Operating Officer of Amaya's brands. Amaya is a leading provider of technology-based products and services in the global gaming and interactive entertainment industries. Amaya ultimately owns gaming and related consumer businesses and brands including PokerStars, PokerStars Casino, BetStars, Full Tilt, StarsDraft, and the PokerStars Championship and PokerStars Festival live poker tour brands (incorporating aspects of the European Poker Tour, PokerStars Caribbean Adventure, Latin American Poker Tour and the Asia Pacific Poker Tour). These brands have more than 108 million cumulative registered customers globally and collectively form the largest poker business in the world, comprising online poker games and tournaments, sponsored live poker competitions, marketing arrangements for branded poker rooms in popular casinos in major cities around the world, and poker programming and content created for television and online audiences. Amaya, through certain of these brands, also offers non-poker gaming products, including casino, sportsbook and daily fantasy sports. Amaya, through certain of its subsidiaries, is licensed or approved to offer, or offers under third party licenses or approvals, its products and services in various jurisdictions throughout the world, including in Europe, both within and outside of the European Union, the Americas and elsewhere. In particular, PokerStars is the world's most licensed online gaming brand, holding licenses or related operating approvals in 17 jurisdictions. Cautionary Note Regarding Forward Looking Statements and Other Information This news release contains forward-looking statements and information within the meaning of the Private Securities Litigation Reform Act of 1995 and applicable securities laws, including, without limitation, certain expectations related to the appointment of Mr. Chhabra and expectations related to the future performance of Mr. Chhabra and Amaya as a result of such appointment. Forward-looking statements can, but may not always, be identified by the use of words such as "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "intend", "could", "might", "would", "should", "believe", and similar references to future periods or the negatives of these words and expressions. These statements are based on management's current expectations and are subject to a number of risks, uncertainties, and assumptions, including market and economic conditions, business prospects or opportunities, future plans and strategies, projections, technological developments, anticipated events and trends and regulatory changes that affect Amaya, its customers and its industries. Although Amaya and management believe the expectations reflected in such forward-looking statements are reasonable and are based on reasonable assumptions and estimates, there can be no assurance that these assumptions or estimates are accurate or that actual results will not differ materially from those expressed or implied in forward-looking statements. Forward-looking statements are inherently subject to significant business, regulatory, economic and competitive risks, uncertainties and contingencies that could cause actual events to differ materially from those expressed or implied in such statements. Specific risks and uncertainties include, but are not limited to, Amaya's appointment of Mr. Chhabra and expectations related to the future performance of Mr. Chhabra and Amaya as a result of such appointment, and those identified under the heading "Risk Factors and Uncertainties" in Amaya's Annual Information Form for the year ended December 31, 2016 and "Risk Factors and Uncertainties", "Limitations of Key Metrics and Other Data" and "Key Metrics" in its Management's Discussion & Analysis for the three month period and year ended December 31, 2016, each available on SEDAR at www.sedar.com, EDGAR at www.sec.gov and Amaya's website at www.amaya.com, and in other filings that Amaya has made and may make with applicable securities authorities in the future. Investors are cautioned not to put undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date hereof, and Amaya undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law. The appointment to the position named above may be subject to gaming or other legal and regulatory approval, in which case the appointment is not effective until such approval is obtained, if at all. Amaya may be making this announcement on behalf of an affiliate or subsidiary and, in such a case, is not the employer of the individual featured in the announcement.
News Article | May 12, 2017
07:00London, 09:00 Helsinki, 12 May 2017 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) Interim Report Strong start to the year, Group EBITDA at EUR 12.7 million. HIGHLIGHTS IN THE FIRST QUARTER OF 2017 Afarak's EBITDA stood at EUR 12.7 million, compared to EUR 3.3 million a year earlier. The significant improvement was due to higher ferrochrome prices and strong market fundamentals, supported by productivity gains, primarily in processing. MARKET SENTIMENT FOR THE SECOND QUARTER 2017 As expected, the high price levels for ferrochrome and Chrome Ore seen in quarter one, have not been sustainable over the longer term. We still expect improved performance in Q2 2017 compared to a year earlier, although subdued, when compared to Q1 2017 numbers. "Afarak has had a very strong start to the year. Our EBITDA improved significantly from last year, reaching EUR 12.7 million. The strong market, particularly higher ferrochrome and ore prices, had a notable positive impact on our results. However, this bullish market has already started to dampen and prices have reversed trends towards the end of quarter one, going into the second quarter. I am particularly satisfied that our internal initiatives have also contributed to further strengthening working capital management, higher production volumes, productivity gains and considerable cost benefits. Our shaking tables in South Africa and the successful transition of our furnaces from silicomanganese to ferrochrome allowed us to increase production. The commencement of opencast mining is also yielding a growing supply of material. We are committed to continue implementing similar measures and initiatives aimed at enhancing our productivity and further increasing our efficiency. Both our business segments, speciality alloys and ferroalloys, delivered significantly improved results, on the back of higher selling prices. This solid performance was further supported by the joint venture in South African due to higher sales volumes and improved sale prices. These results have allowed us to propose to the forthcoming Annual General Meeting an extraordinary EUR 0.02 per share distribution. Looking ahead, the volatility of the market remains a key risk and we should not expect record performances on a quarterly basis." Disclosure procedure Afarak follows the disclosure procedure enabled by Disclosure obligation of the issuer (7/2013) published by the Finnish Financial Supervision Authority, and hereby publishes its Q1/2017 interim report enclosed to this stock exchange release. The Interim Report is attached to this release and is also available on the Company's website at www.afarak.com. Investor Conference Call Management will host an investor conference call in English on 12 May 2017 at 12.00 Finnish time, 10.00 UK time. Please dial-in at least 10 minutes beforehand, quoting the reference: 7467105
News Article | May 9, 2017
NEW YORK--(BUSINESS WIRE)--Artificial Intelligence company AlbertTM today announced wins in two categories of the American Business Awards. The company’s CMO Amy Inlow was named the winner of a Gold Stevie® Award in the Marketing Executive of the Year category in The 15th Annual American Business Awards. This comes only weeks after Inlow’s induction into DMN’s Hall of Femme. Albert was also recognized in the Most Innovative Tech Company of the Year category, winning a Bronze Stevie® Award. The American Business Awards are the nation’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small. This year’s competition saw over 3,600 nominations from organizations of all sizes and in virtually every industry. More than 190 professionals worldwide participated in the judging process to select this year’s Stevie Award winners. AlbertTM (created by Adgorithms) is the first and only fully autonomous artificial intelligence driven marketing tool that can independently execute transparent, cross-channel digital campaigns. Albert has drastically improved the sales and ROI for every brand “he’s” worked with, vastly exceeding expectations. “His” work led retailers to completely sell out of Dole’s fruit-cocktail, and caused Cosabella to completely eliminate their use of traditional advertising agencies. According to the Stevie® Award judges, Albert has shown “extremely impressive work thus far, with outstanding numbers to back it up.” They note that Albert has entered a “crowded industry with a lot of competitive technologies,” and will “deliver efficiencies and provide a better allocation of marketing investments.” Amy Inlow, CMO of Albert, led the launch of the company’s namesake product, Albert, and ensured “he” was first to market. She has directly influenced Albert’s adoption by over 100 clients, including Harley-Davidson, EVISU, Cosabella, Dole Asia and others, and is largely credited for introducing artificial intelligence to the marketing world. Inlow’s work was highly lauded by the Stevie® judges. They note that “Amy’s achievements as both a CMO and a marketing visionary are compelling and [they] commend her leadership at both Adgorithms and for the industry as a whole. The successful acquisition of new customers and contributions to the sales pipeline demonstrate important achievements for her marketing team. While we’re ranking Amy highly, we should mention the very strong batch of candidates in this category this year that are competing for the same top spot. What Amy and [her] team have done with Albert is outstanding.” “It is a true honor to be recognized by such a prestigious organization and prominent panel, both personally and as a company” said Amy Inlow, CMO of Albert. “Albert’s recognition is a nod to the advancements artificial intelligence is making in the marketing industry, and to the tangible business benefits ‘he’ is offering brands.” “Each year the judges find the quality and variety of the nominations to be greater than the year before. The 2017 competition was intense and every organization that has won should be proud,” said Michael Gallagher, president and founder of the Stevie Awards. Details about The American Business Awards and the list of 2017 Stevie winners are available at www.StevieAwards.com/ABA. Albert, created by Adgorithms (LSE: ADGO), is the first-ever fully autonomous artificial intelligence marketing platform, driving digital marketing campaigns from start to finish for some of the world’s leading brands. Albert’s mission is to liberate businesses from the complexities of digital marketing—not just by replicating their existing efforts, but by executing them at a pace and scale not previously possible. He serves as a highly intelligent and sophisticated member of brands’ marketing teams, wading through mass amounts of data, converting this data into insights, and autonomously acting on these insights, across channels, devices and formats, in real time. This eliminates the manual and time-consuming tasks that currently limit the effectiveness and results of modern digital advertising and marketing. Brands such as Harley Davidson, EVISU, Cosabella, Dole Asia, and Made.com credit Albert with significantly increased sales, an accelerated path to revenue, the ability to make more informed investment decisions, and reduced operational costs. Visit meet.albert.ai. Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards, The International Business Awards, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 10,000 entries each year from organizations in more than 60 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.
News Article | September 19, 2012
Food is one of society's key sensitivities to climate. A year of not enough or too much rainfall, a hot spell or cold snap at the wrong time, or extremes, like flooding and storms, can have a significant effect on local crop yields and livestock production. While modern farming technologies and techniques have helped to reduce this vulnerability and boost production, the impact of recent droughts in the USA, China and Russia on global cereal production highlight a glaring potential future vulnerability. There is some evidence that climate change is already having a measurable affect on the quality and quantity of food produced globally. But this is small when compared with the significant increase in global food production that has been achieved over the past few decades. Isolating the influence of climatic change from all the other trends is difficult, but one recent Stanford University study found that increases in global production of maize and wheat since 1980 would have been about 5% higher were it not for climate change. All else being equal, rising carbon dioxide concentrations – the main driver of climate change – could increase production of some crops, such as rice, soybean and wheat. However, the changing climate would affect the length and quality of the growing season and farmers could experience increasing damage to their crops, caused by a rising intensity of droughts, flooding or fires. The latest IPCC report predicted improving conditions for food production in the mid to high latitudes over the next few decades, including in the northern USA, Canada, northern Europe and Russia. Conversely, parts of the subtropics, such as the Mediterranean region and parts of Australia, and the low latitudes, could experience declining conditions. For example, across Africa, yields from rain-fed agriculture could decline by as much as 50% by 2020. Beyond this, if global temperatures rise by more than about 1–3°C, declining conditions could be experienced over a much larger area. The future course of global food production will depend on how well societies can adapt to such climatic changes, as well as the influence of other pressures, such as the competition for land from biofuel production. The IPCC concluded that in the poorer, low-latitude countries, climate change could seriously challenge the capacity to adapt for a warming of more than 3°C. The richer, higher latitude countries are likely to have a greater capacity to adapt and exploit changing climatic conditions. But we can't ignore the potential for "surprises" down the line. There are many uncertainties in such predictions. The world has not seen such changes in climate for millennia, and so it is impossible to know how our agricultural systems will react in the real world. For example, the complex interlinkages with the impacts of climate change on pests, diseases and pollinators, like bees, are largely unknown. Also, climate models have difficulty in accurately predicting the detailed local environmental changes that are important for food production, particularly weather extremes. A looming vulnerability is the world's fisheries, which provide an important source of protein for at least half the world's population. Fisheries are already stressed by overexploitation and pollution. Warming surface waters in the oceans, rivers and lakes, as well as sea level rise and melting ice, will adversely affect many fish species. Some marine fish species are already adapting by migrating to the high latitudes, but others, such as Arctic and freshwater species, have nowhere to go. The absorption of carbon dioxide emissions by the oceans also has a direct impact on marine ecosystems through ocean acidification. But what does this mean for food security – the price and availability of food for the world's seven billion people? A 2011 Foresight report concluded that climate change is a relatively small factor here, at least in the short term, when compared with the rapid increases in global food demand expected in the next decade. On current projections, by 2050 there will be between one and three billion additional mouths to feed. As people become wealthier, they also demand more food and disproportionally more meat, which requires far more land and water resources per calorie consumed. When these factors are combined, it points toward a future of increasing and more volatile food prices. As was seen during the 2007–08 food price spikes, the poorest countries and communities will be hit first and hardest. The Foresight report concluded that international policy has an important role to play here – today, despite plentiful supplies of food globally, almost one billion people are undernourished. Finally, food production itself is a significant emitter of greenhouse gases, as well as a cause of environmental degradation in many parts of the world. Agriculture contributes about 15% of all emissions, on a par with transport. When land conversion and the wider food system are taken into account the total contribution of food may be as high as 30%. This means that to limit the long-run impacts of climate change, food production must become not only more resilient to climate but also more sustainable and low-carbon itself. • This article was written by Nicola Ranger of the Grantham Research Institute on Climate Change and the Environment at LSE in collaboration with the Guardian • This answer last updated: 10.07.12 • Read about the project and suggest a question • Report an error in this answer Related questions • What is the economic cost of climate change? • What is the Stern review? • Which nations are most responsible for climate change? This post by The Guardian is licensed under a Creative Commons Attribution-No Derivative Works 2.0 UK: England & Wales License. Based on a work at theguardian.com
News Article | May 9, 2017
Persecution by the Islamic State of Iraq and Syria (ISIS) against the Yazidi population of Sinjar, Iraq has been the focus of attention recently following the United Nations' recognition of these ongoing actions as genocide. The extent of the killings and kidnappings as well as the demographics of those targeted has until now remained unclear. In a new study published in PLOS Medicine, Valeria Cetorelli of the Johns Hopkins Bloomberg School of Public Health, USA, and the London School of Economics and Political Science Middle East Centre, UK and colleagues report findings from their retrospective household survey of displaced survivors in the Kurdistan Region of Iraq, providing documented insight into the extent of the attack and in particular the disproportionate burden of killings and kidnappings of children. The researchers present a compelling and disturbing account of the events that occurred over a few days in the area of Mount Sinjar in August 2014. Their survey, conducted in November and December, 2015, covered a random sample of 1,300 displaced households sheltered in camps in the Kurdistan Region of Iraq. Information about reported killings and kidnappings of household members was recorded. Using these data, the authors estimate that 9,900 Yazidis were either killed or kidnapped (95% confidence interval (CI): 7,000 - 13,900), amounting to 2.5% of the entire Yazidi population of Sinjar. Of these, an estimated 3,100 (CI: 2,100 - 4,400) were killed, with nearly half of them executed by gunshot, beheading or being burned alive, while the rest died from lack of water and food or injuries during the ISIS siege on Mount Sinjar. The authors estimated that 6,800 (CI: 4,200 - 10,800) were kidnapped, with over one third still missing at the time of the survey. In one of the most distressing aspects of the study, which distinguished between children and adults as well as males and females, the authors reveal that children were disproportionately affected: children accounted for nearly all those who died on Mount Sinjar during the ISIS siege and children were also much less likely to escape captivity following kidnapping compared to adults. Reports from escapees documented torture, sex slavery and forced religious conversion once kidnapped. The authors suggest that their analysis may have underestimated the actual toll of killings and kidnappings because of the unknown number of families who were captured in their entirety with no one surviving to report. Limitations of the study include inference from a surveyed sample of displaced households to the whole Yazidi population of Sinjar, and uncertainty of that population's exact size at the time of the attacks. This study provides systematically obtained evidence of the extent of violence against the Yazidis, most of whom remain displaced in the Kurdistan Region of Iraq. Such evidence is important to keep attention focused on the rescue, assistance and protection of this minority population. The authors note: "Combined with other existing evidence, these estimates can support a formal genocide investigation by an appointed judicial authority." This study was funded by the Emirates Foundation for Philanthropy through the LSE Middle East Centre. The funder had no role in study design, data collection and analysis, decision to publish, or preparation of the manuscript. The authors have declared that no competing interests exist. Cetorelli V, Sasson I, Shabila N, Burnham G (2017) Mortality and kidnapping estimates for the Yazidi population in the area of Mount Sinjar, Iraq, in August 2014: A retrospective household survey. PLoS Med 14(5): e1002297. https:/ Center for Humanitarian Health, Johns Hopkins Bloomberg School of Public Health, Baltimore, Maryland, United States of America IN YOUR COVERAGE PLEASE USE THIS URL TO PROVIDE ACCESS TO THE FREELY AVAILABLE PAPER:
News Article | May 12, 2017
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) and Mauritania have signed an exploration and production contract to perform exploration works on Block C7, which covers an area of 7,300 square kilometers. The Group will be the operator with a 90% interest alongside the Société Mauritanienne des Hydrocarbures et de Patrimoine Minier (SMHPM) holding the remaining 10%. “This agreement is part of Total’s strategy to explore new deepwater basins in Africa. The addition of the C7 block to our existing C9 deepwater license creates a contiguous exploration area of around 17,000 square kilometers in a high-potential zone in offshore Mauritania,” said Guy Maurice, Senior Vice President, Africa at Total Exploration & Production, following his meeting with Mohamed Abdel Vetah, Minister of Petroleum, Energy and Mines of the Islamic Republic of Mauritania. Total has been present in Mauritania for nearly 20 years. The Group is the only oil and gas major active in the marketing of petroleum products in the country, with a retail network of 38 service stations. The Group holds a 90% interest in the C9 exploration license (10,150 square kilometers), located in the deep offshore. Total also operates the onshore Ta29 exploration license (12,500 square kilometers) in the Taoudenni Basin. Total is a global integrated energy producer and provider, a leading international oil and gas company, and a major player in solar energy with SunPower and Total Solar. Our 98,000 employees are committed to better energy that is safer, cleaner, more efficient, more innovative and accessible to as many people as possible. As a responsible corporate citizen, we focus on ensuring that our operations in more than 130 countries worldwide consistently deliver economic, social and environmental benefits. total.com This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total” and “Total Group” are sometimes used for convenience where general references are made to TOTAL S.A. and/or its subsidiaries. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
Environment and Urbanization | Year: 2013
Although urban women generally enjoy some advantages over their rural counterparts, a range of gender inequalities and injustices persist in urban areas that constrain their engagement in the labour market and in informal enterprises and inhibit the development of capabilities among younger women. These include unequal access to decent work, human capital acquisition, financial and physical assets, intra-urban mobility, personal safety and security, and representation in formal structures of urban governance. But the nature of these varies for different groups of women, not only on account of poverty status and where they live in the city, but also according to age, household characteristics, degree of engagement in income-generating activities and so on. This paper reviews what we have learnt from the literature on gender and urban development. It discusses disparities in access to education and vocational training and to land and housing ownership through a "gender lens". It considers service deficiencies and associated time burdens, which limit income generation among women. Violence and gender, and gender divisions in access to different spaces within the city and in engagement in urban politics, are also covered. These factors cast doubt on whether women's contributions to the prosperity often associated with urbanization are matched by commensurate returns and benefits. © 2013 International Institute for Environment and Development (IIED).