Author: Admin

Saturday, March 8, 2008

There were 5 games played in the National Hockey League on March 7, 2008.

Friday, July 1, 2005

Today, Romania introduces its new redenominated currency, the new leu (code: RON), which is valued at 10,000 old lei (code: ROL). The process, which is known as redenomination, started in March 2005 when Romania started dual-currency display and all prices had to be displayed in both the old leu and the new leu. Starting from today, the first notes and coins of the new leu will become legal tender, and the new leu will become the official currency of Romania.

The redenomination (or conversion from the old to the new leu) is simple — 10,000 old lei are replaced by 1 new leu. One US dollar will buy 2.98 new lei, while one euro will buy 3.6 new lei. After the similar redenomination by Turkey the old leu had been the world’s least valued currency unit, with the US dollar buying 29,891 lei and the euro buying 36,050 lei (on 30 June 2005). With the introduction of the new leu, Romania’s currency will be among the most highly-valued in the region.

The new leu notes and coins, introduced into circulation today, will circulate alongside the old lei until 31 December 2006, when the dual-currency period ends and all of the old lei are expected to be withdrawn. However, old lei can be exchanged at banks indefinitely.

The new notes come into denominations of 1, 5, 10, 50, 100 and 500 new lei. The largest note of the old leu was 1,000,000 lei, or 100 new lei. The largest note of the new leu is worth 500 new lei, or approximately US$167 and €139. New leu notes will also have the same dimensions as euro notes of similar value. Additionally, they will use the same colours and design as their corresponding old leu equivalent (for example, the 100 lei note will look similar to the 1,000,000 old lei note).

All notes will be printed on polymer materials. Romania was the first country in Europe to introduce polymer notes, in 1999.

Thursday, August 7, 2008

Two web sites purporting to sell tickets to the 2008 Summer Olympic Games due to open in Beijing, China on Friday have been the subject of lawsuits from the International Olympic Committee in United States courts in recent weeks. The web sites, beijingticketing.com and beijing-2008tickets.com, were designed to resemble official sites and often appeared above the official sites in Google searches, and scammed some victims out of up to US$50,000 each for tickets to events such as the Opening Ceremony and swimming, which were listed despite the official Beijing ticket web site stating that tickets to all events had sold out as of July 27. The sites are believed to have taken in millions of dollars in total.

Ken Gamble, a private investigator from Sydney, Australia, believes the sites are operated by Terance Shepherd, whom Gamble has been tracking for several years in relation to other fraudulent web sites selling tickets to events such as the FIFA World Cup. According to Gamble, Shepherd’s modus operandi involves setting up the fake web sites, overselling the tickets, and then failing to produce the tickets. “The story’s always the same,” Gamble said, “it’s an ‘unfortunate mistake’ or someone has ‘let them down’. They promise a refund, which never happens, and the credit companies end up paying all the refunds.” Shepherd owns a home in the London suburb of Blackheath, although authorities believe he is currently hiding in Barbados.

On Monday, beijingticketing.com customers received an email from someone named “Alan Scott”, claiming that the site’s ticket supplier had filed for bankruptcy. The email recommended that customers should contact their credit card companies to seek refunds “immediately”, and said that the company would set up a call centre to provide assistance to its customers. However, the site has been shut down and a phone number previously listed on it has been disconnected. The company’s address, in Phoenix, Arizona, was found to be an empty office space. Visa International has stated that victims who used their Visa card to pay should be able to get their money back, but it is not yet clear whether the same will apply to all customers.

Sunday, January 16, 2022

United Kingdom-based pharmaceutical giant GlaxoSmithKline (GSK) confirmed January 15 it had rejected three “unsolicited, conditional and non-binding proposals” by Unilever to acquire its Consumer Healthcare division, including one bid of GBP50 billion in value made on December 20, believing Unilever “fundamentally undervalued” the business and its potential.

News that Unilever attempted to buy GSK Consumer Healthcare for 50 billion pounds, split between GBP41.7 billion in cash and 8.3 billion in Unilever shares, was first reported by The Sunday Times, and subsequently confirmed by both companies. Had the latest acquisition offer gone through, it would have been the largest deal since the beginning of the Covid-19 pandemic, and one of the biggest ever among companies listed on the London Stock Exchange.

A deal would likely mean integrating the GSK division into Unilever’s own beauty and personal care business, which has seen profit margins struggle under Covid-19 lockdowns and higher costs for plastics and petrochemicals.

A brief response on the Unilever website confirmed it “had approached GSK and Pfizer about a potential acquisition”, and adds GSK Consumer Healthcare “would be a strong strategic fit” as the company looks to rework its portfolio. GSK indicated the proposals were “carefully evaluated” by its board of directors, but unanimously rejected under the conclusion they “were not in the best interests of GSK shareholders” and “failed to reflect the intrinsic value of the business and its potential”.

The Sunday Times have indicated the latest deal did not include an acquisition premium or recognition of corporate synergies; the joint venture between GSK and healthcare firm Pfizer, which holds a minority stake in the company, was initially projected to generate GBP500 million in cost savings by this year and realise “substantial cost synergies”. The BBC’s business editor Simon Jack wrote that a standard takeover premium would be about 30%, but could be reduced over the GBP10 billion in debt GSK was predicted to “leave on the books”, of the GBP22 billion net debt GSK reported for Q3 2021.

The deals were assessed by the Board respective of a proposed demerger of GSK Consumer Health into a separate PLC in the middle of this year. Jack wrote GSK “always” had “an open mind to a trade sale to another party if the price was right.” Unilever did not take into account the standard takeover premium, the value of cost savings and Board confidence Consumer Health could deliver “superior organic sales growth” of between four and six per cent in the medium term. This was despite valuations of about GBP50 billion by Goldman Sachs and Barclays analysts, and a lower GBP45 billion valuation by Jeffries Group.

There are no current talks between Unilever and either Pfizer or GSK, and the Unilever statement reads: “There can be no certainty that any agreement will be reached.” Under CEO Alan Jope, Unilever has focused its investments and marketing on brands which “communicate a strong environmental or social purpose” by streamlining its holdings in items like beauty products and tea. Jope previously said Unilever would concentrate on smaller takeovers in industries like luxury beauty and wellness.

However, Russ Mould, investment director at AJ Bell, told the BBC this would be a “high risk deal” at a time investors are cautious about GSK’s performance, but also a time of rising inflation he says encourages “consumer goods with loyal customers”. Mould added despite strong cashflow, Unilever had recently missed targets on sales and profit margins, putting pressure on the CEO.

Pressure by activist shareholders Elliott Management Corporation and Bluebell Capital Partners have also mounted against GSK CEO Emma Walmsley over the unit’s failure to develop a Covid-19 vaccine and Walmsley’s own lack of scientific experience. GSK has been involved in the ongoing development of a Covid-19 vaccine with French biopharmaceutical company Sanofi, and announced preliminary results from Phase 3 trials last month.

In 2018, Unilever bought several consumer nutritional products from GSK, including its flagship product Horlicks, and merged its Indian subsidiary, Hindustan Unilever, with GSK Consumer Healthcare India.

Saturday, November 19, 2005

Today, a number of French unions and left-wing parties marched in Paris in order to support public services, which they feel are threatened by the current government. Those who demonstrated (unionists, politicians and simple employees) are opposed to the privatization of public companies such as the electrical and gas utility EDF, or to the scaling down of public services such as the national public postal service in rural areas.

Organizers claim 30,000 protested, as opposed to the 10,000 figure cited by the police. The march was peaceful and uneventful, with a light police escort to open the streets, and City of Paris sanitation vehicles coming just behind to clean the streets of leaflets and other litter. Many of the protesters were under the banners the Communist-influenced CGT union, most others under those of major confederations or parties such as the French Communist Party. A small minority were from radical groups such as the anarcho-syndicalist CNT or Les Alternatifs. A group of French scientific researchers and graduate students protested the government’s policies with respect to research funding.

Among the personalities who marched are politicians Marie-George Buffet (French Communist Party), George Sarre (MRC) and Olivier Besancenot (Revolutionary Communist League), and unionists Bernard Thibault (CGT), Annick Coupé (Solidaires) and Gérard Aschiéri (FSU).

Friday, November 13, 2009

Wikinews interviewed author Marc Headley about his new book Blown for Good, and asked him about life inside the international headquarters of Scientology known as “Gold Base“, located in Gilman Hot Springs near Hemet, California. Headley joined the organization at age seven when his mother became a member, and worked at Scientology’s international management headquarters for several years before leaving in 2005.

Wednesday, September 28, 2011

A Polish-Belarusian journalist accused of defaming Belarusian President Alexander Lukashenko has been banned from leaving Belarus due to a suspended court sentence given to him earlier this year.

The Polish activist and journalist Andrzej Poczobut was convicted in July for alleged defamation in the Polish Press, and sentenced to three years, suspended.

Informed of the travel ban by the Belarusian Interior Ministry, he said he intends to continue reporting from within Belarus.

Police told the Gazeta Wyborcza journalist to report to police three times each month and not to travel, after inspecting and registering him. After three violations of the conditions, he would be jailed.

He had recently travelled to and from Warsaw just before the order came, because he anticipated some travel restrictions.

Sunday, June 27, 2010

Toyota announced on Friday that it will recall around 17,000 Lexus vehicles in response to risks of the fuel tank in the cars leaking after a collision.

The Lexus HS 250h model was subjected to the recall following a US National Highway Traffic Safety Administration (NHTSA) investigation. Despite previously passing Toyota safety inspections, the conclusions of an NHTSA sub-contracted investigator were that; when the vehicles in question collided with an object at more than fifty-miles-per hour, more than 142 grams of fuel, the maximum allowed by US law, leaked from the crashed car.

According to Toyota, further tests did not show any additional failure of the fuel tank.

In response to the findings, Toyota issued a recall of all affected vehicles, since the company had no solution immediately available. The recall includes 13,000 cars already sold, as well as another 4,000 still at dealerships.

Toyota says it plans to conduct further tests to determine the cause of the leak. A Toyota spokesman, Brian Lyons, said that the company was “still working to determine what the root cause of the condition is.” It’s still unclear when exactly the recall will take place, or when dealerships will be allowed to sell this model again. Lyons said that Toyota is “working feverishly to get this resolved as soon as possible.”

Toyota isn’t aware of any accidents stemming from the leaking fuel tank in the affected vehicles, first introduced in the summer of 2009.

Friday, October 6, 2006

Up to 17,000 people are being evacuated in Apex, North Carolina after a chlorine gas leak occurred during a Hazardous Waste facility explosion and fire.

Residents are advised to keep windows closed, turn off all air conditioning and that tenderness of the mouth, gagging and nausea are typical signs of poisoning. They are advised to stay away from the fire and any smoke, as it could be a health hazard. CNN reports that air quality tests run by the NCDENR indicate nothing especially harmful in the air near the plant.

Area residents are being advised to call 919-856-7044 for general information as 911 lines are overloaded. Bruce Radford, manager of the town in suburban Raleigh, said that the business district, schools and the town hall will remain closed on Friday.

No fatalities have been reported. WRAL-TV reported that 90 residents of a nearby nursing care facility were moved to a local hospital as a precautionary measure. About 20 Apex residents were reported to have been treated and released for respiratory symptoms related to exposure.

Officials are presently unsure of the cause. The fire and subsequent explosions started sometime after 9 p.m. EST Thursday, October 5.

Changing weather conditions in the area threaten additional evacuations. A section of State Highway 55 has been shut down near the incident.

The company, Environmental Quality of Wayne, Michigan, had been warned and fined $32,000 by state regulators in March of 2006 for hazardous conditions at the plant, which temporarily stores hazardous materials including chlorine, pesticides, and PCBs.

WRAL-TV reports that Sulfur, Oxidizers, Chlorine, Pesticides and PCBs were stored in the facility.

Fire crews from Cary, Apex, Raleigh, Wake County and Fairview are assisting in the effort. However, there is no effort to fight the fire as it would be too dangerous to firefighting personnel. It will eventually burn itself out.

Wednesday, January 15, 2020

Yesterday, United States House of Representatives Speaker Nancy Pelosi confirmed a vote will be held today to decide whether to submit two articles of impeachment, passed against President Donald Trump, to the U.S. Senate.

Mitch McConnell, the Senate Majority Leader, has indicated the trial could possibly commence on Tuesday, January 21, subject to agreement on the procedures to be followed. McConnell has expressed a preference to proceed similarly to the impeachment trial of President Bill Clinton in 1998.

Pelosi also mentioned the House will appoint as yet unnamed impeachment managers to conduct the prosecution in the trial. “The American people deserve the truth, and the Constitution demands a trial.” Pelosi said. Additionally, the House must allocate money for the trial.

On December 18, the House passed two articles of impeachment. The first charged President Trump with abuse of power, and the second accused him of obstruction of Congress.