Cellcom, Golan Telecom deal clears latest hurdle

first_img Israel’s Cellcom, Xfone in network sharing spat Israel’s Ministry of Finance approved the acquisition of Golan Telecom by rival Cellcom after concluding there were no substantial reasons to oppose the deal, business news outlet Globes reported.The ministry noted after analysing the proposal, including the competition implications, it found no reason to object due to the “multiplicity and variety of players in the mobile telephony market”. The deal is yet to clear other regulatory steps, including gaining a green light from the country’s competition commission.Israel is a competitive mobile market, with GSMA Intelligence Q1 figures showing four mobile providers had more than a million mobile connections. Three of these closely competed for leadership with bases of between 2.3 million and 2.8 million.Golan Telecom was the fifth-largest with 849,000 connections, behind Altice’s Hot Mobile, Bezeq’s Pelephone, Partner and Cellcom.In striking the ILS590 million ($170.6 million) deal in February, Cellcom saw off a rival bid for the operator from Bezeq.The announcement came at a time of rife speculation regarding consolidation in Israel’s mobile market, with Hot Mobile attempting to acquire Partner Communications, a bid eventually abandoned. Subscribe to our daily newsletter Back Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 09 JUN 2020 Previous ArticleTwitter flags 5G misinformationNext ArticleTelia, Google Cloud boost customer play with AI Author Home Cellcom, Golan Telecom deal clears latest hurdle Israel operators cleared to take 5G live Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved… Read more Related Cellcom completes Golan Telecom acquisition Chris Donkin CellcomGolan TelecomIsraellast_img read more

Weekly unemployment claims fall steeply

first_imgVermont Business Magazine Weekly unemployment claims fell last week slightly more than half after a steady recent increase and have returned to levels below the same time last year. For the week of March 10, 2018, there were 442 claims, 447 fewer than than they were the previous week and 26 fewer than they were a year ago. Altogether 6,104 new and continuing claims were filed, a decrease of 352 from a week ago and 687 fewer than a year ago. For most weeks of 2017 and into 2018 claims have been below the year before. The steep fall last week could reflect the end of the winter tourism season, but heavy, powdery snow is likely to keep the ski season alive and well through March.For UI claims last week by industry, Services, which typically accounts for most claims, totaled 38 percent. Manufacturing was 13 percent and Construction was 29 percent of total claims.The Department processed 0 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08).Vermont’s unemployment rate for January was 2.9 percent. This reflects no change from the revised December, November, October and September rates (2.9 percent), as all the major indicators slightly improved (the February rate will be made public March 23). SEE STORY.On July 1, 2017, the state reduced taxable rates for individual employers according to their experience rating. The rate reduction cut the highest UI tax rate from 8.4 percent to 7.7 percent, and the lowest rate from 1.3 percent to 1.1 percent. Additionally, July 1 marked the sunset of a provision that required claimants to wait one week between the time they were determined eligible for benefits to when they could collect those benefits.Rates will fall again on July 1, 2018 and payments will increase on January 1, 2019, as claims continue to be lower than previous projections. The rate reduction anticipated in July of 2018 will reduce the highest UI tax rate from 7.7. percent to 6.5 percent. The lowest UI tax rate will see a reduction from 1.1 percent to 0.8 percent.The Unemployment Weekly Report can be found at: http://www.vtlmi.info/(link is external). Previously released Unemployment Weekly Reports and other UI reports can be found at: http://www.vtlmi.info/lmipub.htm#uc(link is external)NOTE: Employment (nonfarm payroll) – A count of all persons who worked full- or part-time or received pay from a nonagricultural employer for any part of the pay period which included the 12th of the month. Because this count comes from a survey of employers, persons who work for two different companies would be counted twice. Therefore, nonfarm payroll employment is really a count of the number of jobs, rather than the number of persons employed. Persons may receive pay from a job if they are temporarily absent due to illness, bad weather, vacation, or labor-management dispute. This count is based on where the jobs are located, regardless of where the workers reside, and is therefore sometimes referred to as employment “by place of work.” Nonfarm payroll employment data are collected and compiled based on the Current Employment Statistics (CES) survey, conducted by the Vermont Department of Labor. This count was formerly referred to as nonagricultural wage and salary employment.Vermont unemployment rate for January unchanged at 2.9 percentlast_img read more

‘An anxious nation’: Barnes & Noble sees a surge in sales of books about stress

first_imgYes, modern life in America is … a lot. Psychologists say they’ve seen the toll it’s taken on people, and surprisingly so has Barnes & Noble.Sales of books related to anxiety rose 26 percent in June from a year ago at the bookseller. Liz Harwell, its senior director of merchandising, said the company had never seen a comparable increase in book sales related to anxiety. Shoppers were particularly drawn to workbooks and tool-kits on how to deal with anxiety, she said, suggesting “we may be living in an anxious nation.”“But the good news,” Harwell said, “is that book buyers across the country are also looking for solutions to their stress.”In December 2017, Gallup reported that 79 percent of Americans felt stress sometimes or frequently during their day. Only 17 percent said they rarely felt stressed, with 4 percent saying they never did.Psychologists pointed to today’s political and cultural climate as a driver of Americans’ stress and anxiety. Plus, there are the technological factors that bring those issues to the fore. A February 2017 report by the American Psychological Association examined technology and social media and their links to stress and overall well-being. The report found that nearly one-fifth of Americans pointed to the use of technology “as a very or somewhat significant source of stress.” Read the whole story: The Washington Post More of our Members in the Media >last_img read more

PII outlook ‘positive’ as new entrant targets small firms

first_imgA new entrant has joined the solicitor professional indemnity insurance market with a strategy to target small firms. Specialist broker Prime Professions has launched a new product offering access to A-rated insurer Axis Specialty to sole practitioners or firms with up to three partners. The insurer is entering the solicitor PII market for the first time and is looking to attract business from a sector that has found it difficult to secure cover in recent years. With more options open to law firms during renewal season, Prime Professions director Mark Ellis said there is not the same pressure to make hasty decisions. ‘We would now advise those looking to renew their PII to take their time and not rush into the first quote offered to them,’ he said. ‘Axis Specialty is an insurer right out of the top drawer, and their decision to enter the market should demonstrate to solicitors that, unlike in many previous years, there are more options out there.’ Axis Specialty, which is not disclosing the size of its PII book, is a wholly owned subsidiary of Axis Capital Holdings, a company registered in Bermuda. Last week, The Law Society signed up PII broker Aon to provide professional indemnity insurance to members of its Conveyancing Quality Scheme and Lexcel quality marks. Society chief executive Desmond Hudson said the PII outlook was ‘positive’, with new entrants in particular becoming an option for the smaller end of the market.last_img read more

Alpha Trains acquires DMUs in sale and leaseback deal

first_imgGERMANY: Leasing company Alpha Trains has acquired 22 Alstom Coradia Lint 54 two-car diesel multiple-units from Transdev in a sale and lease-back transaction, and is to acquire a further nine identical units directly from the manufacturer.The DMUs are to be used by Transdev subsidiary Bayerische Oberlandbahn on Bayerische Regiobahn services south from München to Lenggries, Tegernsee and Bayrischzell.#*#*Show Fullscreen*#*# The operating contract awarded by Bayern railway agency BEG requires the current fleet of older units to be replaced by 25 new Alstom Lint DMUs at Transdev’s expense, and these were ordered in December 2018. To provide an increase in capacity an €25m option for a further six DMUs was exercised in September 2019 with the support of the Land.The first of the 31 DMUs entered traffic in June and all are expected to be in operation by the end of the year.The current fleet which includes Bombardier Talent DMUs will be returned to owner Alpha Trains for further leasing.‘We are delighted to have found a convincing solution for improving rail transport in the Bayerische Oberland together with our long-standing partner Transdev’, said Alpha Trains CEO Shaun Mills on July 28. ‘Once again it is clear that the flexibility of rolling stock leasing is the only way to implement future mobility concepts in times of rapid demographic and technological change.’last_img read more

Google’s Schmidt to Congress: We’ve Learned the Microsoft Lesson

first_img“Why are you always third?” questioned Sen. Lee, evidently looking for his opportunity for an evening news sound bite. “Every. Single. Time.” Schmidt repeated his apology for Lee’s confusion, but Lee didn’t seem to hear the response. “You’re magically coming up third. Somehow you have a magnetic attraction to the number 3.”Sen. Chuck Schumer (D – N.Y.) followed by praising Google’s position as a good corporate citizen and employer of New Yorkers, citing surveys of corporate responses to Google’s corporate policies showing 80% of respondents characterizing Google as “actually very good.” In response to Sen. Schumer’s question, what could Google do to improve its fostering of competition, Schmidt responded, “I’m always interested in creating better platforms for innovation,” citing Android as an example.Sen. John Cornyn (R – Texas) asked Schmidt whether he believed Android constituted an example (again, not citing Microsoft) of “tying,” in which a monopoly or dominant position on one platform is used to gain advantage on another – in this case, making Android phone users utilize Google. Schmidt said no, explaining that the rules of open source software enable others to make adjustments to that software as necessary, so nothing is fixed in stone.Thus far, senators have only been interested in Google’s potential monopoly position with respect to search rankings, often citing situations where a constituent’s placement may have been changed from high to low. Although Schmidt did bring up the topic of Android, especially in response to Sen. Schumer’s question about improvement, during the first hour of testimony, senators did not address any issues whatsoever that may be of importance to the Justice Dept. in its investigation of Google’s proposed takeover of Motorola Mobility.Praise and scorn of Google have not fallen across party lines. While Sen. Lee, a Republican, took the opportunity to lay into Google’s ranking algorithms, Sen. Chuck Grassley (R – Iowa) warned that government should not be penalizing companies that innovate and that provide jobs.Making the most serious dent in Schmidt’s otherwise untarnished image was Sen. Al Franken (D – Minn.), who started his line of questioning by saying he’s skeptical of any company that both controls information and distribution channels, especially when it owns the companies that generate the information. Sen. Herb Kohl (D – Wisc.), chairman of the subcommittee, opened his line of questioning by asking Schmidt, “What do you say to those who say there’s a a fundamental conflict of interest” between providing answers and providing links to sites that give answers, especially when Google is purchasing more and more companies that provide answers? Schmidt’s response was that a fundamental tenet of his company is, “How do we solve the problem the consumer has?” Perhaps Google can utilize algorithms to calculate an answer that has higher value in the consumer’s mind than simple search results can give.Later, Schmidt found himself squarely in the sights of ranking member Michael Lee (R – Utah), who showed a graph depicting Google’s search results in certain product searches as always within the top three. Schmidt countered by attempting to paint Sen. Lee as confused on the matter, mixing apples and oranges by mixing the results of product searches with searches for product comparisons. Google tries to take users to the product, Schmidt explained, and will respond to searches for a product by highly ranking responses pertaining to the product as opposed to product comparison sites. The message from Google Executive Chairman Eric Schmidt, appearing before the Senate Antitrust Subcommittee, will be familiar to anyone who’s heard Schmidt speak before. But it began this time with a shot across the bow at a certain unnamed competitor, which he acknowleged pioneered technology and had been synonymous with the development process (as though that were past tense).Schmidt told senators, “That company lost sight of what mattered,” and as a result had to come under Justice Dept. oversight. Without naming Microsoft, Schmidt clearly placed Google as Microsoft’s successor, not only in terms of Americans’ collective mindset, but in terms of the government scrutiny it finds itself under today. Schmidt is evidently hoping that any comparison between Google and Microsoft will automatically render Google the superior organization. 3 Areas of Your Business that Need Tech Now Massive Non-Desk Workforce is an Opportunity fo… scott fulton Schmidt responded, that would be a disservice to users because when they want a map, they deserve a map. Further, it might be unfair to Google since other competitors may not be held to the same restriction. In general, responding to Blumenthal’s request for steps Google may take to change its behavior, Schmidt said it’s already taken the most important step of all: “Making the Internet win guarantees very strong competition for all of us,” he said. Tags:#enterprise#news Finally during the first round of questioning, Sen. Richard Blumenthal (D – Conn.) asked rather tentatively that if Google were found guilty of violations due to its conduct, what behavior changes would it make in repentance, and what changes could it make now to pre-empt such a finding? Blumenthal tossed out a bit of raw, but spoiling, meat as bait: Would Google consider taking its own maps function off the front-and-center listing? IT + Project Management: A Love Affair Sen. Franken cited an answer Schmidt gave earlier, saying that when users ask for a map, Google puts up a map and naturally puts it first, thus favoring a Google service over alternatives. Franken then cited a separate answer to the question, when Google responds to a search that does not require a map or other Google services, does Google provide an unbiased response, to which Schmidt had said, “I believe so.”“If you don’t know,” growled Franken, “who does? That’s the crux of this, isn’t it? You don’t know!” Cognitive Automation is the Immediate Future of… Related Posts last_img read more

Facebook details Instant Article subscription program as test launch nears

first_img Related postsLytics now integrates with Google Marketing Platform to enable customer data-informed campaigns14th December 2019The California Consumer Privacy Act goes live in a few short weeks — Are you ready?14th December 2019ML 2019121313th December 2019Global email benchmark report finds email isn’t dead – it’s essential13th December 20192019 benchmark report: brand vs. non-brand traffic in Google Shopping12th December 2019Keep your LinkedIn advertising strategy focused in 202012th December 2019 Facebook details Instant Article subscription program as test launch nearsYou are here: HomeDigital MarketingFacebook details Instant Article subscription program as test launch nears Posted on 20th October 2017Digital Marketing FacebookshareTwittertweetGoogle+share Facebook confirmed earlier this year that it planned to start testing a subscription program for Instant Articles as soon as October. On Thursday, the company said that test will begin “over the next few weeks” and offered details, including how those subscriptions will work and which publishers have signed on to put their articles for Facebook (mobile only) behind a paywall.Initially, the test will be limited to people in the US and Europe who access Facebook through Android phones. According to Recode, Facebook has reached an impasse with Apple over the iPhone maker’s 30-percent tax on iOS app’s subscription revenue. Facebook plans to give publishers 100 percent of the subscription revenue.By enabling publishers to sell subscriptions against their Instant Articles, Facebook hopes to keep publishers from pulling back on its proprietary article format, which provides Facebook with inventory to sell to advertisers. While Facebook claims to pay more than $1 million a day to Instant Articles publishers from the ads it sells against those articles, that money has not been enough to stop major media companies, including The New York Times, Vice News and Forbes, from abandoning Instant Articles.The initial publishers to participate in the subscription program are Bild, The Boston Globe, The Economist, Hearst (The Houston Chronicle and The San Francisco Chronicle), La Repubblica, Le Parisien, Der Spiegel, The Telegraph, tronc (The Baltimore Sun, The Los Angeles Times, and The San Diego Union-Tribune) and The Washington Post.Facebook is giving these publishers two subscription options. A publisher can opt to adopt a metered paywall, allowing a reader to access 10 Instant Articles in a month for free but requiring them to sign up for a paid subscription to access more. Or a publisher can pick a freemium model, in which it chooses which individual Instant Articles to make available only to paid subscribers and which to open for free to anyone on Facebook.Whichever the option, publishers will control the subscription flow, and Facebook will not take a cut of the revenue. People will be directed to a publisher’s site to sign up for a subscription, and people who already subscribe to a publication will be able to authenticate that subscription through Facebook to access the publisher’s Instant Articles.“The publisher and subscriber relationship will work the same way it does on their own sites today where the publisher has direct access and full control, including setting pricing and owning subscriber data,” according to a Facebook blog post.To get people to sign up for these subscriptions, Facebook will test adding “Subscribe” buttons in place of the “Like” button atop Instant Articles. The company will also insert subscription call-to-action buttons within Instant Articles. In April 2017, Facebook began testing similar call-to-action buttons for people to sign up for a free trial subscription.From our sponsors: Facebook details Instant Article subscription program as test launch nearslast_img read more

Vijay Mallya seeks divine intervention to bailout Kingfisher Airlines

first_imgBusiness tycoon Vijay Mallya is following in the footsteps of former Karnataka chief minister B.S. Yeddyurappa – seeking divine intervention in times of distress.Last week, he prayed at some of the top temples in coastal Karnataka something which Mallya is not known for. The last time he visited a popular temple was reportedly two years ago.Mallya visited the Subrahmanya temple in Kukke (Dakshina Kannada district), which hit the headlines last year for the age-old practice of ‘Made Snana’ (Dalits rolling over food leftovers of Brahmins inside the temple).According to informed sources, Mallya performed Panchamrutha Abhisheka and Aslesha Bali services to invoke the gods.The industrialist prayed for some time in private and offered to make a pledge – gold plating the Nadu Mantapa door – outside the sanctum sanctorum of the temple. Normally, devotees make a pledge at the Subrahmanya temple in return for favours from the Almighty. The Nadu Mantapa door is 6 feet high and 6 feet wide.It is common for VIPs, sports personalities and celebrities from across the country to visit Kukke Subrahmanya, which is popular for ‘Sarpa Dosha Nivarane’ in order to fetch good luck. Even cricketer Sachin Tendulkar had visited this temple town in 2006 for that purpose. In March this year, BJP MP Varun Gandhi’s secret visit had created furore among the devotees, as he reportedly wanted the temple authorities to bar the entry of the visitors.According to temple authorities, Mallya visited the temple, nestled in the Western Ghats, on Thursday evening after 7 pm to avoid media glare. Besides, he did not want to be seen by other devotees. “He stayed for more than an hour and paid all the fees for Panchamrutha Abhisheka and Aslesha Bali services,” they said.advertisementMallya, who is not known for temple hopping, even visited the Tirumala Venkataramana Temple in Bantwal (also in Dakshina Kannada district). His forefathers hail from Bantwal and the temple is supposed to be a kind of family deity for Mallya’s family.The Kingfisher Airlines chief has been visiting temples after a long time. During 2005, when Mallya was pursuing a career in politics, he visited several temples. But this is the first time in recent years that Mallya visited the Kukke Subrahmanya temple.In the past, several business leaders have visited the Kukke Subrahmanya temple hoping for a turnaround in their fortunes. It is to be seen if Mallya’s temple visit helps him in emerging out of the red.last_img read more

TMS Tankers to Sell VLCC Oldie for USD 20 Mn

first_imgzoom Greece-based TMS Tankers, a member of the Cardiff Group of companies, has reached an agreement to sell its oldest very large crude carrier (VLCC), subject to buyers inspection.According to data provided by VesselsValue, the company’s 1997-built VLCC Universal Brave has fetched a price of USD 20 million.Built at South Korean shipyard Hyundai Heavy Industries, the 19-year-old tanker, was sold to an undisclosed buyer.Featuring 299,900 dwt, Universal Brave, which has a market value of around USD 15 million, was part of the company’s fleet of 34 tankers.TMS Tankers has one more oldie in its fleet, the 1998-built LR2 tanker Oriental Green, while the rest of its fleet was built between 2004 and 2016.Additionally, the company has 13 newbuildings on order, consisting of Suezmax and Aframax tankers, all of which are scheduled to join their owner during 2017.World Maritime News Stafflast_img read more