Who are the favorites to win Golden Globes? | Streamed & Screened podcastReeves fails the credibility test: One can no longer take the Chancellor's pronouncements at face value, says ALEX BRUMMER By ALEX BRUMMER FOR THE DAILY MAIL Updated: 22:33 GMT, 26 November 2024 e-mail View comments Unfortunately, one can no longer take pronouncements by Rachel Reeves at face value. The Chancellor’s vow made to the CBI that ‘she would not have to come back for more’ taxes needs to be examined with Talmudic detail. Keir Starmer and Reeves lost respect in the boardrooms of Britain when they took the decision to punish enterprise and jobs with a £23.8billion hit to be paid by raising employers National Insurance contributions (NIC). Now Reeves’ words to the CBI are being reinterpreted just 24 hours after they were uttered. Business Secretary Jonathan Reynolds explains that there will not be a further tax ask of the business community ‘comparable to what we had to do at the beginning of this parliament’. Surprise, surprise, there may be more to come. The Labour government circumvented the manifesto pledge not to tamper with NICs by explaining it only applied to working people, so raising taxes on employers was fine. Jobs tax: Keir Starmer and Chancellor Rachel Reeves (pictured) lost respect in the boardrooms of Britain with their £23.8bn hit to be paid by raising employers NI contributions Yet it is more than clear from most of Britain’s biggest employers – such as Tesco and the Royal Mail – that working people will pay the price. A combination of hiring freezes, lost jobs and higher prices means that workers will be hard hit. Higher NICs will make it much harder for the Government to complete a mission of encouraging Britain’s army of 9.2m people (including 2.8m long-term sick) of economically inactive citizens back into the workforce. The notion that there was ‘no alternative’ but to heap £40billion of extra taxes on Britain, with business lumbered with the lion’s share, is fanciful. Ministers may have been instructed (they still do it in every interview) to repeat the calumny that there was a £22billion black hole in the public finances. However, some £9.4billion of this was a result of unconditional public pay settlements. RELATED ARTICLES Previous 1 Next John Lewis pins its hopes on a bumper Black Friday as it... Minister demands rapid rates reform: Reynolds urges Reeves... Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account Hitting employers was not the only choice. A Musk-style government efficiency drive might have been one solution. Reeves could have backtracked on the Tories’ last cut in employees’ National Insurance. Fuel duties could have risen as part of the green agenda and so on. Instead of heaping funds into the NHS before reforms have been cemented, the extra spend could have been phased. The economy was doing nicely until the tax rises came along. By destroying confidence, output has been slowed, potential tax revenues sacrificed and the interest bill on the national debt increased. Reeves’ CBI pledge not to raise taxes was naïve from someone who claims strong economic credentials. We live in uncertain times. Harold Macmillan’s quote ‘Events, dear boy, events’ made in 1984, is as relevant today as it has ever been. The public finances were blown off course by the great financial crisis, the pandemic and Russia’s war on Ukraine. There is no shortage of geo-political shocks to contemplate, such as hostilities in the South China sea, trade wars, further conflict in the Middle East and dislocation caused by climate change. Only yesterday, Vauxhall ended more than a century of carmaking at Luton. There were high hopes for Reeves when she took office, and a desire to see stability restored after the roller-coaster ride of the Tories. It has taken just five months to dismantle the credibility so critical to growth. Bankers’ feast Liz Truss’s credibility was destroyed in a few short days after her tax-cutting mini-Budget. Among the factors which cost her dearly was a decision to lower the top rate of income tax and abolish restrictions on bankers’ bonuses in one statement. Her intention to encourage enterprise was a noble cause. But the combination of the two was seen by Labour as a giveaway to rich City grandees who were responsible for the great financial crisis. Now that Labour is in power, the importance of finance to Britain’s efforts to rekindle output has become obvious. Taking advantage of the freedoms granted by Brexit, the Bank of England is seeking to underpin London as Europe’s financial hub by allowing faster access to earned bonuses. The new rules proposed mean that bankers will be able to receive some of their bonuses in year one instead of having to wait three years. The Old Lady, at least, is embracing a growth and competitiveness agenda. 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Caterpillar Inc. Maintains DividendVANCOUVER, BC , Nov. 26, 2024 /PRNewswire/ - Lumina Gold Corp. (TSXV: LUM) (OTCQB: LMGDF ) (the "Company" or "Lumina") is pleased to announce that it has completed negotiating the terms of the Exploitation Contract with the Government of Ecuador and signed a binding term sheet (the "Term Sheet") in preparation for the finalization of the Exploitation Contract for its 100% owned Cangrejos project (the "Project"), located in southwest in Ecuador . Marshall Koval , CEO & Director commented: "This is a major step for the Project and Ecuador on the path to the development of the largest primary gold deposit in the country. Lumina Gold would like to thank all the Government representatives that worked on the negotiations and all our local stakeholders that have supported the Project to date. The royalty terms we have agreed upon are in line with Lumina's 2023 Pre-Feasibility Study and position the Project well for the upcoming Feasibility Study expected in Q2 2025." In addition, the signing of the Term Sheet satisfies a required condition of the amended precious metals purchase agreement (the "PMPA") with Wheaton Precious Metals International Ltd., a wholly-owned subsidiary of Wheaton Precious Metals Corp. ("Wheaton"). It is expected that Wheaton will fund the remaining US$6.0 million of the Early Deposit under the PMPA on December 2, 2024 . Term Sheet Summary: The Advance Royalty Payments will be credited to the accrued amount of each period against the lesser of 50% of the royalties payable in each semester or 10% of the total advance royalty payments in the semester until the advance royalty is settled in full. In accordance with current legislation, the Exploitation Contract also provides that the Government of Ecuador's share of cumulative discounted benefits derived from the Project will not be less than 50% on a net cumulative present value basis. Each year, to the extent that the Government of Ecuador's cumulative Project benefit falls below 50% on a net present value basis, the Company will be required to pay an annual sovereign adjustment. The Government of Ecuador's benefit will be calculated as the present value of the cumulative sum of taxes paid, including corporate income taxes, royalties, labour profit sharing paid to the State, non-recoverable VAT and any previous sovereign adjustment payments. Based on the 2023 Pre-Feasibility Study assumptions included in the Project's financial model, it is not expected that the Company would be required to make any such payments. The Term Sheet also includes a mechanism for correcting any economic imbalance for the Company as a result of changes in taxes, laws and regulations in place at the date of the signing of the Exploitation Contract. This mechanism removes a significant amount of uncertainty for the economic regime governing the Project in the future. The Term Sheet also contains various investor protection rights, ensuring the protection of the Company's interest in the Project including, among other things, autonomy and freedom of the Company to make its commercial decisions and a dispute resolution mechanism through international arbitration. In the following months, the Company will apply to Ministry of Energy and Mines to change the Project's official status from exploration phase to exploitation phase (the "Phase Change Application"). The Company has up to six months after registering the approval of the Phase Change Application with the Mining Registry to execute the Exploitation Contract with the Government of Ecuador . Once executed, the Exploitation Contract is required to be registered with the Mining Registry and will be made publicly available on the Company's profile on the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca . Once the Exploitation Contract is signed, an Environmental License must be obtained in order to start the exploitation phase. The Company expects to complete applications and supporting public hearings for the Environmental License in 2025. About Lumina Gold Lumina Gold Corp. (TSXV: LUM) is a Vancouver, Canada based precious and base metals development company focused on the Cangrejos Gold-Copper Project located in El Oro Province, southwest Ecuador . In 2023, the Company completed a Pre-Feasibility Study for Cangrejos, which is the largest primary gold deposit in Ecuador . Lumina has an experienced management team with a successful track record of advancing and monetizing exploration projects. Follow us on: Twitter , Linkedin or Facebook . Further details are available on the Company's website at https://luminagold.com/ . To receive future news releases please sign up at https://luminagold.com/contact . LUMINA GOLD CORP. Signed: "Marshall Koval" Marshall Koval , President & CEO, Director Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Cautionary Note Regarding Forward-Looking Information Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to: the signing of the Exploitation Contract, the timing for completion of a Feasibility Study for the Project; the development of the Project; receiving the remaining US$6 million from Wheaton; the application to change the Project's official status from "exploration" to "exploitation" and completing applications and supporting public hearings for the Environmental License. Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, occur or be achieved. With respect to forward-looking statements and information contained herein, the Company has made numerous assumptions including among other things, assumptions about: the terms of the Exploitation Contract aligning with the Term Sheet, without material variation; the Company's ability to meet its obligations under the PMPA; general business and economic conditions; the prices of gold and copper; and anticipated costs and expenditures. The foregoing list of assumptions is not exhaustive. Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. SOURCE Lumina Gold Corp.
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Boca Raton, FL, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Brandon Hall Group, the leading independent HCM research and analyst firm, has announced the winners of the 2024 EdTech Excellence AwardsTM, celebrating organizations that have revolutionized learning through innovative technological solutions across more than 30 categories. The EdTech Excellence AwardsTM recognizes breakthrough achievements in educational technology, spanning from innovative AI-powered learning solutions to comprehensive learning management systems. Categories include Best Adaptive Learning Solution, Best STREAM Solution, Best Innovative Generative AI-Powered Learning Solutions, Best Mobile App for Education, and Best Augmented Reality/Virtual Reality Solutions, among others. A complete list of this year's winners, along with past recipients, can be found at excellenceawards.brandonhall.com/winners/ . "The Excellence in Technology Awards continues to showcase the pinnacle of innovation in the HCM space," said Rachel Cooke, Chief Operating Officer of Brandon Hall Group. "The submissions we received this year represent groundbreaking solutions across learning, talent management, talent acquisition, HR, workforce management, and sales enablement technologies. The global diversity of our applicants reflects how technology is breaking down barriers and reshaping the future of work." This year's entries demonstrated remarkable advancements across crucial educational technology areas, including personalized learning platforms, digital courseware solutions, classroom management tools, and innovative assessment solutions. The awards particularly highlighted emerging technologies such as AI-powered learning tools and virtual reality applications that are transforming the educational landscape. "What sets our awards program apart is our unwavering commitment to a rigorous, multi-tiered evaluation process," said Mike Cooke, CEO of Brandon Hall Group. "Each submission undergoes detailed assessment by industry veterans and our expert analyst team, followed by a thorough executive review. This methodical approach, combined with our points-based scoring system, ensures that every award truly reflects excellence in innovation and measurable business impact." The winners will be honored at Brandon Hall Group's HCM Excellence Conference 2025, taking place January 28-30, 2025, in West Palm Beach, Florida. At the conference, winners will have the opportunity to showcase their innovative educational technologies and share best practices during special sessions. For more information about the conference and to register, visit excellenceconference.brandonhall.com . About Brandon Hall Group Brandon Hall GroupTM is the home of the most prestigious and sought-after awards in Human Capital Management. For over 30 years, our awards programs have set the gold standard in recognizing organizations for innovative and effective HCM practices. The EdTech Excellence AwardsTM are part of a comprehensive recognition program that includes our flagship HCM Excellence Awards® - known as the "Academy Awards of Human Capital Management" - and our new Voice of the Employee Awards. Our awards programs attract entrants from leading corporations worldwide, as well as mid-market and smaller firms, with diverse categories spotlighting the most innovative organizational achievements and the solution providers who power them. The rigorous and impartial evaluation process leverages an international panel of veteran industry experts and Brandon Hall Group senior analysts, providing winners with both international recognition and critical insights to accelerate their business growth and impact. At Brandon Hall GroupTM, we don't just celebrate excellence - we provide a platform for sharing best practices that drive the industry forward, empowering excellence in organizations around the world and advancing the HCM profession as a whole. CONTACT: David Forry Brandon Hall Group 5613538082 [email protected]The Securities Appellate Tribunal (SAT) has ordered an interim stay on SEBI’s order against Trafiksol ITS Technologies. On December 3, SEBI, in an unprecedented move, had asked Trafiksol ITS Technologies to refund the money paid by investors towards subscribing to the company’s IPO. SEBI had also asked Trafiksol to return the interest amount accrued on the money back to the investors who were allotted the company’s shares in the said IPO. Share Market View All Nifty Gainers View All Company Value Change %Change Trafiksol had challenged SEBI’s order against itself before the SAT and after hearing both parties, SAT ordered an interim stay on SEBI’s order against Trafiksol. The matter continues to be heard at the SAT. As per SEBI’s order, the market regulator received a complaint which alleged that the objects of Trafiksol’s IPO included the purchase of software valued at nearly ₹ 18 crore from a vendor which, inter alia, had questionable financials and failed to file its annual financial statements with the Ministry of Corporate Affairs (MCA). In view of the above complaint, BSE in consultation with SEBI deferred the listing of the shares of Trafiksol and initiated its investigation into the matter. SEBI’s investigation in the matter found an intent of diversion of funds through misleading objects of the issue. SEBI also found mis-statement of financial statements and concealment of material facts in the IPO prospectus of Trafiksol.
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GPI Stock Soars to All-Time High, Reaching $422.92Duck Creek Technologies, 북미와 EMEA (유럽•중동•아프리카), 아시아태평양 지역의 전략적 선임 단행하며 글로벌 영업부문 리더십 강화