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Further cuts to garda resources expected

first_imgNewsLocal NewsFurther cuts to garda resources expectedBy admin – May 2, 2012 589 GARDA resources are set to be further cut in Limerick in the next 12 months, with preparations already underway to cope with additional pressure on the force. Chief Superintendent, Dave Sheehan said that the division had no choice but to meet the extra demand on resources following cuts. “We know where numbers are set to fall in the next 12 months and have made plans to cope with them,” he told the meeting, attended by cllrs, TDs and senior garda members. “It’s difficult but there’s nothing we can do”.Sign up for the weekly Limerick Post newsletter Sign Up Gardaí in Limerick have already had to face the closure of two rural stations, a reduction in patrol cars and an embargo on recruitment.And Chief Supt. Sheehan said the closure of further garda stations could not be ruled out.He also praised the work of the garda reserve unit.“Even now preparing rosters is difficult; We are acutely aware of government policy and have to use the resources we have in the division to provide the service.“The garda reserve takes off a bit of the pressure.“In the course of the college rag weeks and Thomond Park events, we couldn’t cope without them”.Cllr James Collins highlighted the vacant position of superintendent in Askeaton and queried the policy in the case of a serious crime in the vicinity.“We have a fallout situation in the case of an emergency that is not dependent on having a superintendent in Askeaton,” the head of the Limerick garda division replied.“Inspector Eamon O’Neill is currently acting supt. and in the case of a crime scene, whoever’s on call will attend as all superintendents cannot be away at the same time”.Cllr Kevin Sheahan called for less Joint Policing Committee meetings for the individual authority and for more at a district level.“Once a year for these meetings is enough; I hate to see individuals and resources overstretched”.Chief Supt. Sheehan agreed, saying that the meetings should be more strategic in content and that issues “such as wandering horses” should be dealt with at local level. Advertisement Email WhatsApp Twittercenter_img Print Facebook Linkedin Previous articleNo fun when playground parking goes wrongNext articleAIB supporting initiatives at the Limerick Institute of Technology adminlast_img read more

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OPEC Fund Supports Post-COVID-19 African Infrastructure With $50m Loan to Africa Finance Corporation

first_img Twitter Previous articleTEXAS VIEW: Failure to fix vaccine registry haunts TexasTHE POINT: The pandemic has cast a spotlight on the lack of support for our health care system.Next articleVelodyne Lidar signe un accord de vente pluriannuel avec Emesent Digital AIM Web Support By Digital AIM Web Support – January 27, 2021 OPEC Fund Supports Post-COVID-19 African Infrastructure With $50m Loan to Africa Finance Corporation Facebook Facebook Pinterest TAGS  center_img Local NewsBusiness WhatsApp Pinterest Twitter WhatsApp VIENNA–(BUSINESS WIRE)–Jan 27, 2021– The OPEC Fund for International Development (the OPEC Fund) and Africa Finance Corporation (AFC) have signed a $50 million loan agreement to help finance and build infrastructure needed for Africa’s post-COVID recovery. This represents the first direct financing co-operation between the two institutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210127005070/en/ The proceeds of the 10-year loan to AFC will help address the continent’s well-known infrastructure financing gap. The loan will also support increased financial flows to Africa and contribute to COVID-19 recovery efforts in African economies by freeing up government funds to meet urgent financing needs related to the pandemic. AFC President and CEO, Samaila Zubairu said: “AFC has been engaging development partners worldwide to find ways that we can act in concert to mobilize the funds necessary for Africa’s post-pandemic recovery and optimize efficient deployment. This loan is in line with AFC’s effort to support the development-vital infrastructure, from energy to transport and commerce, and to return Africa back to the path of sustainable growth and development. We are committed to working with the OPEC Fund and other partners as critical enablers of essential infrastructure development.” OPEC Fund Director-General Dr. Abdulhamid Alkhalifa said: “Africa’s urgent infrastructure financing needs have become even more pronounced since the onset of COVID-19. The pandemic has hampered economic growth and investment across the continent. Our support to AFC will help provide sustainable financing for infrastructure development to improve connectivity, transport, logistics, trade and the creation of jobs. We look forward to a long and productive partnership with AFC. By working with experienced regional partners, our development impact is amplified.” AFC is a financial institution with 28 member countries, established to provide financing and private sector-driven solutions for infrastructure, natural resources and industrial projects across Africa. To date, AFC has invested over US$8.4 billion in projects within 35 African countries. The OPEC Fund signed a cooperation agreement with AFC in 2017 and this loan marks the beginning of collaboration on the ground. About the OPEC Fund The OPEC Fund for International Development (the OPEC Fund) is the only globally mandated development institution that provides financing from member countries to non-member countries. The organization works in cooperation with developing country partners and the international development community to stimulate economic growth and social progress in low- and middle-income countries around the world. The OPEC Fund was established by the member countries of OPEC in 1976 with a distinct mandate: to drive development, strengthen communities and empower people. Our work is people-centered, focusing on financing projects that meet essential needs, such as food, energy, infrastructure, employment (particularly relating to MSMEs), clean water and sanitation, healthcare and education. To date, we have approved more than US$25 billion for operations in 135 partner countries. Our vision is a world where sustainable development is a reality for all. About Africa Finance Corporation AFC was established in 2007 to be the catalyst for private sector-led infrastructure investment across Africa. It is the second highest investment grade rated multilateral financial institution in Africa. AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth. AFC invests in high-quality infrastructure assets that provide essential services in the core infrastructure sectors of power, natural resources, heavy industry, transport, and telecommunications. To date, the Corporation has invested over US$8.4 billion in projects in 35 countries across Africa. www.africafc.org View source version on businesswire.com:https://www.businesswire.com/news/home/20210127005070/en/ CONTACT: For more information, please contact: OPEC FUND: [email protected] Benamara OPEC Fund for International Development [email protected] +43 151 564138AFC/ NEW MARKETS CONTACT: Gavin Serkin New Markets Media & Intelligence [email protected] +44 20 3478 9710Olisa Nwokedi Africa Finance Corporation [email protected] +234 9062834707Rita Babihuga-Nsanze Africa Finance Corporation [email protected] +234 906 298 1490 KEYWORD: AFRICA EUROPE AUSTRIA INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE SOURCE: Africa Finance Corporation Copyright Business Wire 2021. PUB: 01/27/2021 04:00 AM/DISC: 01/27/2021 04:01 AM http://www.businesswire.com/news/home/20210127005070/enlast_img read more

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Bats Europe launches Brexit indices

first_imgStock exchange Bats Europe has launched two benchmark indices designed to reflect the impact of Brexit on UK companies.They were created by splitting the Bats UK 100 Index, which tracks the top 100 UK-listed companies based on market capitalisation, into two groups. The first lists the 50 companies that derive the largest portions of their revenues from the UK, and the second lists the 50 companies that have the least revenue exposure to the UK.They form the “Bats Brexit High 50” and “Bats Brexit Low 50” indices.By facilitating an analysis of the difference in performance between those two groups of companies, the indices “are designed to act as barometers for assessing how Brexit is impacting UK companies”, according to Bats. Mark Hemsley, president of Europe for CBOE, which recently acquired Bats, said: “The UK’s triggering of Article 50 is expected to lead to fundamental changes in the way businesses and capital markets behave prior to and subsequent to the UK’s separation from the European Union.“We are pleased to provide the marketplace with benchmark indices that are designed to gauge investor sentiment towards UK companies during this critical time.”Bats said that since the UK EU referendum in June, the Bats 100 UK Index is up over 16% in price performance. The Bats Brexit High 50 Index is nearly flat, up just 0.8%, and the Bats Brexit Low 50 Index is up over 23%.Bats is providing the indices free of charge.last_img read more

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DAS the way to do it: Mercedes celebrate as Bottas sets fastest time

first_imgValtteri Bottas clocked the fastest time of the week as the opening session of pre-season Formula One testing ended on Friday giving world champions Mercedes an early psychological edge and leaving rivals mystified by their revolutionary steering device.Advertisement Loading… Promoted ContentBest & Worst Celebrity Endorsed Games Ever Made7 Universities Where Getting An Education Costs A Hefty Penny5 Of The World’s Most Unique Theme ParksWho Is The Most Powerful Woman On Earth?How Couldn’t You See The Impact Of These Women On Our Lives?The Very Last Bitcoin Will Be Mined Around 2140. Read MoreCouples Who Celebrated Their Union In A Unique, Unforgettable Way7 Black Hole Facts That Will Change Your View Of The Universe7 Of The Wealthiest Universities In The World6 Interesting Ways To Make Money With A Drone6 Ridiculous Health Myths That Are Actually True7 Universities In The World Where Education Costs Too Much Read Also: F1: Mercedes test new steering wheel system“It’s true that we were more optimistic at the same time last year because it was easier to go fast but we did not focus as much on the set-up.”The second session of pre-season testing takes place at the same Montmelo circuit from Wednesday-Friday next week ahead of the 2020 world championship opener at Melbourne on March 15.TimesValtteri Bottas (FIN/Mercedes) 1:15.732 (65 laps), Lewis Hamilton (GBR/Mercedes) 1:16.516 (73), Esteban Ocon (FRA/Renault) 1:17.102 (76), Lance Stroll (CAN/Racing Point) 1:17.338 (116), Daniil Kvyat (RUS/Alpha Tauri-Honda) 1:17.427 (62), Antonio Giovinazzi (ITA/Alfa Romeo Racing-Ferrari) 1:17.469 (152), Daniel Ricciardo (AUS/Renault) 1:17.574, Max Verstappen (NED/Red Bull-Honda) 1:17.636 (86), Pierre Gasly (FRA/Alpha Tauri-Honda) 1:17.783 (59), Alexander Albon (THA/Red Bull-Honda) 1:18.154 (83), Carlos Sainz (ESP/McLaren-Renault) 1:18.274 (76), Romain Grosjean (FRA/Haas-Ferrari) 1:18.380 (48), Sebastian Vettel (GER/Ferrari) 1:18.384 (100), Lando Norris (GBR/McLaren-Renault) 1:18.454 (49), Nicholas Latifi (CAN/Williams-Mercedes) 1:19.004 (72), Kevin Magnussen (DEN/Haas-Ferrari) 1:19.709 (4)FacebookTwitterWhatsAppEmail分享 Bottas, the 2019 runner-up to six-time champion and teammate Lewis Hamilton, timed 1min 15.732sec off a total of 65 laps.Hamilton, who had been fastest on Wednesday’s opening day, was second on Friday, also dipping below the 1min 17sec mark.Although pre-season testing is no guarantee of what will eventually play out in the 21-race season, Mercedes will be delighted in already having the likes of Ferrari and Red Bull pondering the impact of their DAS (Dual Axis Steering).The device, which was spotted in Hamilton’s car on Thursday and used by Bottas on Friday, allows the driver to pull the steering wheel towards him on the straights and push it back on the corners.Its purpose is to improve grip and stability.Bottas said Friday that the DAS has been in development for a year and was used for the first time on track in Barcelona after being tested in a simulator.It could give the German outfit a decisive advantage before a change of regulations which come into effect in 2021.“What we’ve learnt from running with that now is, yes, we think we are happy to have it in the car and we wouldn’t run anything like this if we didn’t think there would be a performance gain,” the Finn told Sky Sports.“We’re still learning about it, in which kinds of sessions, areas, conditions the gains are actually going to be. And if it’s going to be in qualifying, in the race etc.– ‘Pretty big project’ – Plenty to think about: Ferrari’s driver Sebastian Vettel “For us it was a pretty big project, and it would be a pretty difficult to copy. I hope we can have an edge with that.”Four-time world champion Sebastian Vettel, who missed the first day of testing through illness, saw his morning session cut short when his Ferrari broke down.He eventually totalled 100 laps for the day but finished in 12th place in the time charts with a best of 1:18.384.Ferrari team chief Mattia Binotto shrugged off the team’s troubles, insisting that testing was mostly an opportunity to experiment with set-ups.“We have changed our approach for these tests,” he said.“We are taking advantage of the first week to configure the car mechanically and aerodynamically and optimise the settings.last_img read more

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