Making it in the City as a woman in 2020: a rising private equity star explains

first_imgThe Harvard graduate is also an angel investor and serves as chair of the board of Barrecore, one of Europe’s largest luxury fitness boutiques, while she is a former chair of meal delivery giant Mindful Chef. While most firms are very good at acquiring diverse talents at the junior levels, we find very few examples of diversity at the higher levels of the industry. Today’s leadership has to explicitly identify junior and mid-level talent that is diverse and mentor, support and promote them over the years and bring them up through the leadership ranks. The rest is all lip service.  M&A activity is back with a vengeance due to record amounts of dry powder sitting with financial sponsors that has a time-gated investment period and, therefore, must be put to work. Sunaina Sinha Haldea Michiel Willems 2020 has been all about technology, food and sustainability, healthcare and wellness businesses. It’s been a revolutionary year for technology adoption across the UK and not just from a consumer behaviours perspective. Companies and the fintech infrastructure behind businesses have evolved at an unprecedented pace this year. Food and sustainability also remain a key theme for the world as climate change, farm-to-fork eating and mindfulness around waste become foremost in the consumer’s mind.  by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeFinancialAdvisorHeroesAt 59, This Is Sean Hannity’s New GirlfriendFinancialAdvisorHeroesMagellan TimesJada Pinkett Smith Opened Up About Her Son Saying The Words No Mom Wants To HearMagellan TimesClinic CompareFederal Employees: Hearing Aids At No Cost To YouClinic CompareEditor ChoiceThe Fiercest Women In Politics TodayEditor ChoiceTheFashionBallPrince Harry Has Changed His Mind About Meghan MarkleTheFashionBallWicedThis Is Who Nikki Glaser Is Actually Dating In Real LifeWicedGood Cruise Deals | search adsGood cruise deals: the price might surprise youGood Cruise Deals | search adsAffluent TimesAn Aircrew Saw Odd Activity On A Remote Island And Had To Look CloserAffluent TimesHealth.recetasget5 Common Cancer Signs to Pay Attention ToHealth.recetasget Looking ahead at 2021, what are your predictions for next year? whatsapp Tuesday 22 December 2020 11:16 am The economy will have some normalization from the second quarter onwards. We will see a V shaped recovery. While the world gets vaccinated, we expect most of 2021 to still be a remote fundraising environment for private equity houses. Conferences and face-to-face roadshows are expected to make a comeback in the third or fourth quarter. Read more: City sponsors initiative for more diversity in asset management whatsapp Making it in the City as a woman in 2020: a rising private equity star explains Unless you are willing to make a strong commitment to ensuring that diverse employees will make up at least half of your identified ‘star talent’, you are never going to get to an endpoint of a team or About Us page that reflects the society in which we live today.Sunaina Sinha Haldea Diversity and equality are increasingly a priority for City firms. Do you feel most firms have a serious strategy in place or is it merely hollow talk? For example, look at differences in pay. Market conditions for new companies, however, are super challenging at the moment. A recession and Brexit just weeks away, how has this impacted the private equity space and deal making activity?center_img The remote model of the private equity capital markets means that emerging managers and new managers raising first time funds will find it very difficult to get their fundraises completed. Private equity funds will have more ways to exit a company than ever before, from direct listings, for venture-backed companies, to SPACs to single asset GP-led transactions. The menu of options in 2021 is more than just the traditional IPO or sponsor and trade sale. Although we are already in a double dip recession, the public and private equity markets show no signs of a slowdown. Technology and healthcare have driven public comparables to record highs and the private market valuations have also followed suit.  City A.M.‘s Michiel Willems sat down with Sunaina Sinha Haldea, founder and CEO of Cebile Capital, a London-based placement agent and secondaries advisor in private equity and infrastructure. Share However, much more needs to be done to retain, support and promote women to senior levels of financial services organizations, especially into the C-suite. Women need role models of how a path can be followed to the top. These numbers are still paltry and no amount of lip service can substitute for female leadership in the industry.  How will that continue to impact private equity? Show Comments ▼ You are also an investor in high-growth companies in the UK, which firms really stood out for you this year? And which industries? Tags: diversity You are the founder of a minority and female-owned private equity advisory firm with the vast majority of employees being women. How challenging is it for women to make it in the City in 2020? The City continues to evolve for female employees. There have been considerable strides made to bring women into the industry at entry-levels, as an analyst or at associate level.  Sunaina Sinha Haldea, CEO of City-based Cebile Capital, angel investor, chair of Barrecore and a former chairwoman of Mindful Chef Read more: City of London to spearhead taskforce to tackle lack of class diversity in financelast_img read more

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How swallowing a star might keep you from missing a dose of medicine

first_imgBiotech jonathan saltzman/the boston globe Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. About the Author Reprints Log In | Learn More STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. How swallowing a star might keep you from missing a dose of medicine What is it? Jonathan Saltzman — Boston Globe What’s included? SAN FRANCISCO — Plenty of drug industry executives who take over this city for a week every January show slide decks about their businesses to woo potential investors.Patricia Hurter makes her pitch by pulling a white capsule apart and withdrawing a plastic star-shaped structure. By Jonathan Saltzman — Boston Globe Jan. 17, 2020 Reprints GET STARTED Tags biotechnologyBostonhealth techjpmSTAT+ Unlock this article — plus daily coverage and analysis of the biotech sector — by subscribing to STAT+. First 30 days free. GET STARTEDlast_img read more

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Two critically injured in 30-vehicle pileup

first_imgCar splits in two after slamming into Cape Coral power pole June 16, 2021 Two people suffered critical injuries in a 30-vehicle pileup outside of Billings, Montana, on Saturday, authorities said.The victims jumped from the Yellowstone River Bridge during the accident to avoid being hit by one of the cars, the Montana Highway Patrol (MHP) tweeted. They were hospitalized and are expected to recover, CNN reports. Advertisement Two people suffered critical injuries in a 30-vehicle pile-up accident outside of Billings, Montana Saturday, according to a tweet from the Montana Highway Patrol (MHP). AdvertisementMHP initially said the cause of the crash was believed to be ice on the bridge.The incident occurred on I-90 westbound near the I-94 split in Lockwood, about six miles northeast of Billings. I-90 WB was shut down until 4:30 p.m. MST starting at that split while troopers investigated the crash, Nerison said.A special weather statement was issued by the National Weather Service in Billings early Saturday afternoon stating that a heavy line of snow showers was observed moving into the area at 15 mph. The statement warned the affected roads included I-94 and I-90 and that conditions could deteriorate rapidly. RELATEDTOPICS AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Car slams into utility pole in Naples, causing nearly $40k in damage June 9, 2021 At least one injured in overnight McGregor Boulevard crash June 5, 2021 The NWS reported light snow and mist in the Billings area since Saturday morning, with temperatures around 20 degrees Fahrenheit in the morning and a high of 32 degrees.The-CNN-Wire™ & © 2021 Cable News Network, Inc., a WarnerMedia Company. All rights reserved. AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Driver leads deputies on chase in Collier County June 9, 2021 Advertisement AdvertisementTags: crashMontana “The cause appears to be the whiteout/zero visibility conditions brought on by a sudden snow squall,” Montana Department of Justice spokesman Kyler Nerison told CNN.Other minor injuries were reported, he added.last_img read more

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South Seeking Deterrence for Election Season

first_imgAnalysis & Opinion South Seeking Deterrence for Election Season By Daily NK – 2012.06.25 5:28pm Is Nuclear Peace with North Korea Possible? The South Korean government intends to take a strong stance against any future North Korean provocation, the likelihood of which it continues to see as high. In this spirit, last Friday the U.S. and ROK held their largest ever live-fire joint exercises, sending a clear warning message north. President Lee Myung Bak and Prime Minister Kim Hwang Shik both expressed this sentiment in speeches marking the 62nd anniversary of the Korean War.President Lee, speaking at a Korean War veterans’ conference on the 23rd in Bogota, Colombia said, “Now we will not forgive any provocations from North Korea and we will guard our country with our own strength.” He added, “The greater goal is to deter war and to safeguard peace on the Korean Peninsula.”Prime Minister Kim, speaking at the ROK-U.S. joint exercises said, “If North Korea provokes again we will strongly and firmly punish them,” then, on the 25th, added, “Following the Cheonan ship sinking and Yeonpyeong Island shelling, North Korea continues to threaten peace on the Peninsula, for instance, by launching a rocket using ballistic missile technology.” Minister Kim underscored, “The South Korean government and military is total committed to a strong battle-ready military. Now we are prepared to fully and immediately punish any enemy provocation.”Many in South Korea presume that North Korea will increase the level of its provocations ahead of the South Korean presidential election in December; therefore, they are promoting the need to take a strong stance. Kim also added, “Due to recent provocations by North Korea threatening the peace on the Peninsula, our national defense must become stronger than before.”On this, Kim Hui Sang of Korea Institute for National Security Analysis stated, “The level of threat from North Korea got higher, and that is why the South Korean government has deemed future provocations to be highly likely.”“The South Korean government is sending a clear message to North Korea, deterring them from further provocations.”Hong Hyun Ik, a senior research fellow with the Sejong Institute, pointed out, “It has reached the point where inter-Korea dialogue cannot readily solve problems, so South Korea needs to strengthen its security against threats from North Korea.” Analysis & Opinion Analysis & Opinion RELATED ARTICLESMORE FROM AUTHORcenter_img Pence Cartoon: “KOR-US Karaoke” Analysis & Opinion Facebook Twitter SHARE AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] Tracking the “unidentified yellow substance” being dried out near the Yongbyon Nuclear Center last_img read more

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Health Official Calls For Ban on Public Smoking

first_imgRelatedHealth Official Calls For Ban on Public Smoking RelatedHealth Official Calls For Ban on Public Smoking FacebookTwitterWhatsAppEmail Medical officer of health, Dr. Herbert Elliott, has called for a ban on smoking in public, especially at sporting events, where secondary smoke can be absorbed into an athlete’s body.Dr. Elliot, who was addressing a meeting of the Rotary Club of Kingston at the Jamaica Pegasus hotel yesterday (Jan. 3), said athletes have tested positive for marijuana, after hanging out with friends, who had been smoking.Dr. Elliot, who is also a member of the International Association of Athletics Federations’ (IAAF) Medical and Anti-Doping Commission, said that the Anti-Doping Federation takes a tough stance against excuses on how drugs get into an athlete’s body.“The fact is, we have a system in sports where if it’s in your body, we don’t care how it got there. It’s your responsibility to keep it out. It’s harsh but that is the only way we can operate,” he pointed out.In the meantime, he said that Jamaicans can have confidence that the country’s athletes are clean.He noted that because of their outstanding performance on the world stage, Jamaican athletes are tested frequently and since September last year, they have been tested more than 15 times. “Our athletes are subjected to a great deal of testing, and so therefore, you can have faith when they perform that they are clean,” Dr. Elliott stated.He noted however, that the testing does not come cheaply, adding that the “Jamaican government is going to spend more that $40 million in carrying out our programmes.”A Montreal laboratory has offered reduce rates of US$350 per test, while testing kits cost 40 Swiss Francs per test.Dr. Elliot was representing Minister of Information, Culture, Youth and Sports, Olivia Grange at the Rotary Club meeting. Advertisementscenter_img RelatedHealth Official Calls For Ban on Public Smoking Health Official Calls For Ban on Public Smoking UncategorizedJanuary 5, 2008last_img read more

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Western suburbs of NSW revoked as hotspots

first_imgWestern suburbs of NSW revoked as hotspots Department of the Chief Minister and CabinetThe Chief Health Officer will revoke a number of Local Government Areas across Sydney’s Western Suburbs as hotspots from 10am on 1 February 2021.The New South Wales Local Government Areas that have been revoked as declared hotspots include:· City of Blacktown· City of Canada Bay· City of Canterbury-Bankstown· City of Fairfield· City of Parramatta· Cumberland Council· Inner West Council· Municipality of Burwood· Municipality of StrathfieldPeople arriving in the Northern Territory from the New South Wales Local Government Areas listed will no longer have to undertake mandatory supervised quarantine. Anyone currently in mandatory quarantine from these areas will be able to exit.There has been no COVID-19 cases reported across Sydney’s western suburbs in the past 14 days. Significant testing has been undertaken across Greater Sydney and a number of public health controls remain in place such as limited numbers at events and gatherings and wearing masks when in some public areas. These factors, combined with negative waste water testing results, have worked to prevent any spread of COVID-19 and have reduced the risk to the Northern Territory.The Chief Health Officer will continue to review and assess the COVID-19 situation across Australia, and will declare a hotspot at any time if required.All people travelling to the Northern Territory are required to complete an online border entry form upon arrival.The Chief Health Officer has urged Territorians not to become complacent as the COVID-19 situation can change quickly. Personal behaviour including practising high levels of hygiene and physical distancing remain our best defence against COVID-19.It is also important the community continues to check-in at businesses and venues across the Northern Territory so NT Health can quickly undertake contact tracing if required.The Territory Check In App is a contactless, secure and easy way for customers and visitors to sign into businesses and venues and have this data stored directly by NT Health. The Territory Check In App can be downloaded from the Google Play or Apple App stores.The risk of COVID-19 in our communities cannot be eliminated which is why it is important for everyone to follow all health directions.· Maintain a physical distance of 1.5m at all times.· Wash your hands with soap and water and use hand sanitiser regularly.· Do not travel or go to work if you are sick.· If you have symptoms, stay away from others and get tested for COVID-19. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:AusPol, Australia, Blacktown, Burwood, Canada, Canada Bay, Cumberland, Fairfield, Google, Government, health, Local Government, New South Wales, Northern Territory, NSW, NT Health, Parramatta, Sydneylast_img read more

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Polling: Majority of Tasmanians Want Pause of Tasmanian Salmon Farm Expansion

first_imgPolling: Majority of Tasmanians Want Pause of Tasmanian Salmon Farm Expansion Australia InstituteNew research from the Australia Institute Tasmania finds most Tasmanians (63%) want to suspend the expansion of salmon farms in Tasmania, expressing widespread (63.5%) concern that the health of Tasmania’s coastal waters is declining. More than one in two (56.3%) Tasmanians agree the Tasmanian Government is not doing enough to protect the health of our oceans.The Australia Institute commissioned uComms to poll 1,023 residents across Tasmania on the evening of 21st April 2021.Key Findings:More than six in ten (63%) Tasmanians agreed that expansion of salmon farms in Tasmania should be paused until industry standards are developed and current government inquiries and reviews into the industry have been completed, with only 27.8% disagreeingVast majority (63.5%) of Tasmanians agreed that they were concerned that the health of Tasmania’s coastal waters is declining, with 34.9% strongly agreeing (the most popular response), only 22.9% disagreed.More than one in two (56.3%) Tasmanians agree the Tasmanian Government is not doing enough to protect the health of our ocean, with only 29.4% disagreeing.Primary vote: Liberal Party 40.2%, Labor Party 27.4%, Greens 12.4%, Independent 10.2%, Other 2.8%, Undecided 7.0%“Our research shows there is widespread community concern at the decline in health of Tasmania’s coastal waters and a clear message to put a pause on the expansion of salmon farms in Tasmanian,” said Eloise Carr, director of the Australia Institute Tasmania.“There is clear appetite from Tasmanians for more Government action on the health of our oceans, in fact our research shows most Tasmanians think the government isn’t doing enough to protect the health of our ocean.“Despite the economic, environmental and cultural importance of Tasmania’s coastal waters, current marine governance practices are problematic and lack integration across sectors, government departments and the catchment-coast-marine continuum.“Without a more comprehensive approach, Tasmanian industries which rely on a healthy ocean will begin to suffer and Tasmania’s economic interests as a whole will suffer in the short to medium term.“The salmon industry is only a very small contributor to Tasmania’s economy compared to other industries which also rely on the health of our oceans. Salmon only contributes 1% of jobs in the state of Tasmania,” Ms Carr said.Based on the Australia Institute Tasmania research, three key recommendations to ensure the long-term health of our oceans are:A commitment to a comprehensive state-wide Marine Plan, established through a science based, consultative process taking account of all uses, users and values.A Parliamentary Inquiry, as an appropriate mechanism to review how the Tasmanian Government is currently managing the marine environment and how it should be done.An immediate moratorium on any further expansion of fish farming leases in Tasmanian waters until the impacts of the industry at its current scale are understood and a state-wide Marine Plan has been adopted. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Australia Institute, community, director, Economy, environment, Farming, Government, industry, Labor Party, Liberal Party, ocean, research, science, Tasmania, Tassielast_img read more

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Afternoon Brief, October 27

first_imgEmail Share Home Afternoon Brief Afternoon Brief, October 27Afternoon BriefAfternoon Brief, October 27By Press Release – October 27, 2014 8 0 Trending Story:Police Investigating U.S. Winemaker’s DeathPolice in Oregon are investigating the death of pioneering Washington-based winemaker Eric Dunham whose body was found in Cannon Beach last Thursday…Today’s News:British Columbia wine industry slows rate of plantingsBritish Columbias wine industry grew slowly in terms of vineyard plantings during the past three years, yet the modest 4 percent increase since 2011 is actually good news, according to the BC Wine Institute…SSU Students Raise a Glass to the Business of WineA glass of wine is a way to relax after a days studying for many MBA students. But at Sonoma State University, whose Napa Valley campus is nestled amid the vineyards north of San Francisco, the business of producing the fermented grape is a growing opportunity for executive training…Wine Enthusiast Top Wine Cellar Selections 2014In 2014, just over 17,000 wines were reviewed by our editors and, from that total, a mere six percent merited the Cellar Selection designation – a marker for highly rated wines that exhibit the potential to evolve and improve for many years…What’s a Winemaker to Do When Their Yeast Quits on the Job?Aussie wine production to rise two percentWinery events a hot-button issue in Sonoma County 4th District raceWashington wine industry pushes for more Canadian salesNew Shipping Law More Miss Than Hit, Arkansas Wine Producers SayAward-winning Arizona wine doomed to anonymityBarossa and Clare Valley split vineyards to create geological sub-regionsMoet Hennessy Extends Chandon Sparkling Brand in U.S., Amid Global ExpansionThe International Organization of Vine confirms France as world’s top wine producing countryLake County reports end of harvest‘Unlicensed’ Michigan wine tour ends with Bay Area Transportation Authority ride homeBlogs:An Analysis of Influential Wine Blogs: Common Themes for SuccessWhy Mark Cuban Invested $1 Million in This Boxed Wine Company on ‘Shark Tank’Wine, Spirits, Beer Packaging in the Digital AgeBrewer’s Incremental Parity with Wine MakersThe Medicine of Contraband Wine: Donate to HospitalsSteve Heimoff – My Conversation with a Guy in a Tasting RoomThe New Wine Retail BuccaneersClassic Chianti – The Rodney Dangerfield of Italian WineKegged wine means fewer trips to the dumpster for SavorLessons your brand can learn from Millennials’ wine consumption ratesThe Importance of Using Video on your Winery’s WebsiteJust pick wine grapes earlier!Growing a Solution to the California Drought: Winegrowers Find Answers to Vineyard Water UseThink Wine Criticism is B.S.? Then You Need to Reject All Forms of CriticismThis thing uses sound to make any wine taste better ReddIt Subscribe to the Afternoon Brief Advertisement TAGSArizonaArkansasAustraliaBarossaBoxed WineBritish ColumbiaBusiness of WineCanadaChandonChiantiClare ValleyContraband WineDeathDigital WineDroughtEric DunhamFranceHarvestItalyKegged WineLake CountyMark CubanMichiganMoet HennessyOregonSavorShark TankSonoma CountySonoma State UniversitySteve HeimoffThe International Organization of VineWashingtonWater UseWine EnthusiastWine LawWine TechnologyWinery Events center_img Linkedin Previous articleHospitality Excellence Training In Wine Country Next articleMichael Murphy Named Director, Western Division For Hess Family Wine Estates Press Release Facebook Pinterest Subscribe to the Afternoon BriefAdvertisement Twitterlast_img read more

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Shaw says opportunites created for recovery

first_imgRelatedShaw says opportunites created for recovery Advertisements RelatedShaw says opportunites created for recovery Shaw says opportunites created for recovery Finance & Public ServiceJanuary 21, 2011 FacebookTwitterWhatsAppEmail Minister of Finance and the Public Service, Hon. Audley Shaw, says the fiscal and legislative achievements Jamaica recorded in 2010, have presented opportunities to overcome the global economic crisis. Speaking at the first Mayberry Investments Limited’s monthly Investors Forum for 2011, at the Knutsford Court Hotel, New Kingston, on Wednesday (January 19), the Minister described 2010 as a “make or break year”. He commented that the year “saw us on the edge, away from the precipice”, adding that “we had to move to achieve macro-economic stability”.     Mr. Shaw said notable among the achievements was the $41 billion in gross savings to the Government, which implementation of the Jamaica Debt Exchange (JDX) initiative yielded by reducing interest rates on $700 billion of domestic debt from an average 17 per cent to 12 per cent.  “We could not have done that without the voluntary participation of 99.2 per cent of all of our stakeholders. It has now become a model that the International Monetary Fund (IMF) is using and making references to, globally,” he pointed out. Mr. Shaw said the country has been enjoying an appreciation of and stability in the exchange rate, since January 2010. He pointed out that this has been influenced, in part, by the Government’s “aggressive” re-engagement” with multilateral institutions, including the World Bank, Inter-American Development Bank (IDB), and Caribbean Development Bank (CDB), as well as projected inflows of US$1.27 billion from the IMF’s standby agreement. This has resulted in the Net International Reserves (NIR) continuing to be healthy, he said. He added that, currently, the NIR stands at over US$2 billion, representing approximately 14 weeks of imports, and gross reserves at the Bank of Jamaica amount to US$2.9 billion, the largest in Jamaica’s history.  Mr. Shaw said the administration managed to keep a rein on the inflation rate, despite a spike in December, partly occasioned by an increase in domestic food crop prices. He was optimistic that the figure can be kept in the range of eight per cent for the remainder of the fiscal year. He stated that the administration reduced Treasury Bills rates to an all time low, with auction rates at eight per cent, the lowest in 33 years, with the interest rate on the BOJ’s open market operations currently at 7.4 per cent.   In light of these developments, Mr. Shaw urged the nation to commit to making 2011 a “comeback” year, as the country moves to recover from the global economic implosion, as well as challenges associated with extreme weather conditions “We are cautiously optimistic already that, in the fourth quarter of the fiscal year, we will, possibly, begin to see some growth in the economy,” he declared. “There is already some evidence of that, but we are cautiously optimistic. We have to build on the fiscal and legislative achievements of 2010, and the private sector needs to seize the opportunities that are arising from a stable environment,” Mr. Shaw asserted. CONTACT; DOUGLAS McINTOSH RelatedShaw says opportunites created for recoverylast_img read more

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Blog: Could ephemeral features erase app novelty?

first_img Author Blog The social media world has been a place of growing innovation and fierce competition over the past decade.Major tech players in the field could even be depicted as gladiators fighting an ever-developing combat around the user engagement and, more importantly, advertising revenue arenas.It is clear every player in the social media sector makes significant efforts and hefty investments into bringing innovative ways to keep users’ and advertisers’ eyes on their services. Prompted by fear of missing out on features though, companies often end up blurring the lines of social apps so much, it is hard to differentiate them.We see an example of this in recent pushes for transitory content made by the biggest social and communication app providers.Instagram followed Snapchat by introducing disappearing Stories in 2016 and, more recently, working on ephemeral messages.Facebook launched the stories feature to its core app in 2017, while Twitter recently introduced Fleets and WhatsApp provided an option to disappear messages after a week.Why, though, is disappearing content gathering such momentum and will social media apps keep losing their distinguishing features?The mobile driveOpensignal VP of analysis Ian Fogg believes the popularity of temporary content comes with the rise of mobile devices as the main means of communication, as “only the smartphone is a truly 24/7 device where users have the opportunity to see such short-lived communication”.In addition, the “always online” handsets sport sophisticated cameras enabling the creation of “compelling images and video”, a major drive for visual ephemeral content in apps.“And, equally importantly, most of the time there are fast mobile upload speeds available that make sharing the large media files easy by social media users”.Staying relevantIt stands to reason devices enabling smoother use of services focused on media content are key for the appearance of disappearing stories and messages. However, there is another important pillar boosting the trend, which is rooted in social media companies’ desire to stay relevant in an ever-changing digital environment.Nitesh Patel, director of wireless media strategies at Strategy Analytics, told Mobile World Live all app providers need to evolve their feature sets or risk being left behind as consumer behaviour shifts.He believes ephemeral features enhance the capabilities of all messaging and social apps by giving users tools to share content for fun, boost privacy, or reduce clutter in their feeds and devices.“As younger users who use Snapchat get older, they will also engage with the other social and messaging apps”, such as WhatsApp, Instagram, Twitter and LinkedIn, Patel explained, thus creating an opportunity for providers of these apps to increase engagement by providing “familiar and capable communication tools”.Furthermore, most consumers typically use multiple messaging and social apps to interact, depending on how their contacts prefer to communicate. This broad exposure, Patel noted, results in shaping user preferences on features, functions and user experience.“Therefore, as the market matures, we see a significant crossover in capabilities, although how it’s implemented will vary”.Threats to core experience in social mediaSocial media companies will probably agree there is a thin line between the aim to always keep up with rivals with the latest features and the goal of staying true to the main vision of their offering.To face the challenge and ultimately meet user needs, Patel suggested messaging app providers need to conduct regular research to understand which capabilities are perceived as “must-have versus nice to have” by their users, while also observing their competitors.“What’s important is that these apps don’t dilute or destroy the core experience while adding new functions”, he said, citing WhatsApp’s simple design, Telegram’s security and LinkedIn’s business appeal.Risks for operatorsSocial media companies are not alone in facing challenges presented by evolving customer needs when it comes to the use of messaging apps and novel features.“If mobile operators are to maximise the opportunity from social media creators, they need to ensure the mobile network experience they offer their users is capable of meeting the needs of the most demanding users that obsess over perfecting their appearance in videos and images for sharing to thousands, if not millions of followers”, Fogg stated.Regardless of the future journeys companies will embark on to keep, and potentially increase, their user base, it is clear as day rapidly evolving customer expectations require agility and flexibility to keep up with the latest innovations, mixed with maintaining the core capabilities people embraced in the first place.The editorial views expressed in this article are solely those of the author and will not necessarily reflect the views of the GSMA, its Members or Associate Members. Subscribe to our daily newsletter Back Yanitsa joins Mobile World Live as a Reporter based in London. She has more than 5 years’ experience at various media outlets in her home country Bulgaria. She started her career as a political reporter, followed by taking editor roles… Read more Related Previous ArticleSupermicro hits its stride as 5G momentum buildsNext ArticleAustralia seeks mmWave 5G bidders HomeBlog Blog: Could ephemeral features erase app novelty? Blog: What next for TikTok? Blog: Vietnam cyber laws a cause for concern Yanitsa Boyadzhieva Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 14 DEC 2020 Communicationephemeral messagingsocial medialast_img read more

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