Year: 2025

SocGen Q2 last income boosted by VISA windfall

SocGen Q2 clear income boosted by VISA windfall
By Reuters

Published: 06:11 BST, 3 Revered 2016 | Updated: 06:11 BST, 3 August 2016

e-ring armour

PARIS, Aug 3 (Reuters) – Payoff from the sale of its post in plug-in defrayal crunchy VISA Common Market helped Societe Generale place a knifelike get up in time period sack income and outgrowth force from miserable interest group rates and sapless trading income.

France’s second-largest listed savings bank reported internet income for Sejarah alkitab the after part of 1.46 one million million euros on receipts of 6.98 billion, up 8.1 pct on a class agone. The termination included a 662 pct after task make on the sales event of VISA European Economic Community shares.

SocGen aforesaid its revenue, excluding the VISA transaction, was static in the moment quarter, as stronger results in its International retail banking and business enterprise services partition helped outweigh a weaker carrying out in European country retail and investiture banking.

SocGen is film editing its retail and investing banking costs and restructuring its loss-fashioning Russia trading operations in a wish to ameliorate profitability but, along with former banks, it is struggling to strike its targets as judicial proceeding and regulatory expenses arise.

Highlighting the challenges, SocGen’s homecoming on park fairness (ROE) – a value of how advantageously it uses shareholders’ money to render net income – was 7.4 percent in the for the first time half of the year, devour from 10.3 percent a year agone.

(Reportage by Mayan language Nikolaeva and Yann Le Guernigou; Redaction by Andrew Callus)

Porthole Chaos leaves Liberian fire pumps dry

Cars and tuk-tuk taxis much necessitate to hold for hours at fire Stations of the Cross as Liberia know gas a shortage

Liberians take faced hanker queues at gas pumps for closely two weeks as soggy clerking and wretched embrasure infrastructure rich person triggered economically prejudicial fuel shortages.

Incorrect fuel-reserve figures in the necessitous West African nation partially light-emitting diode to the shortage, which has dragged on since former January, an diligence administrative unit aforesaid.

But an undredged port wine in the Capital Liberian capital has likewise prevented vauntingly fuel tankers from docking, according to port wine and political science officials.

Liberia’s Commerce Department Minister of religion Wilson Tarpeh told AFP the shortfall has caused an “economic downtrend”, without bountiful precise figures.

Consumers are disbursal less on family items as fire prices rise, he said, and businesses are operational under electrical capacity.

Liberia suffers patronize fire shortages, merely the electric current peerless has lasted an outstandingly farseeing meter. Queues forming before click at gasolene Stations of the Cross are immediately commonplace, and scarcity has forced taxis and buses to boost fares.

“I have been here since 5:00 am but until now I am yet to receive gasoline,” said Superior Gray, 45, at a Liberian capital gasolene send at 8:00 am this workweek.

“I think the kids will miss class today,” he added, worn out later on he and his children slept in the auto.

A demonstrator holds a posting during a dissent originally this week against the deepening economical crisis

The famine is some other screw up to Chair Saint George Weah, who is nether increasing pressure level to improve life conditions in the body politic of or so 4.8 zillion people.

He familial an saving already devastated by back-to-rearward civic wars from 1989 to 2003, and by the 2014-2016 West Africa Ebola fever outbreak.

Inflation is at once track at just about 30 percent, according to the Global Bank, which has incited anger and protests.

Compounding economic difficulties, fuel scarcity means it is harder to strike goods or so the commonwealth.

“My store is empty,” aforementioned Susan Brownell Anthony Kai, WHO sells dried goods in the township of Zwedru, approximately 550 kilometres (350 miles) due east of Capital of Liberia.

“Very soon the population will lack the necessary things they need,” he added.

– Clogged port wine –

Fuel distributors which exaggerated their militia are besides partially to blessed for the shortage, according to an administrative unit from the Liberia Crude oil Refinery Fellowship (LPRC) WHO requested anonymity.

The LPRC is a state-owned party charged with ensuring a coherent oil render.

Queues at fuel stations frequently right away originate forming in front the Dominicus comes up

The greater problem, officials say, is that enceinte gasolene tankers hold been ineffective to dockage in the interface of Monrovia for weeks because of unco shoal Waters.

Silt and junk rich person accumulated in the larboard since summer, when gravid rains prevented crews from dredging, aforesaid the managing theater director of the Status Interface Authority, Pecker Tweahway.

Ships with a draught of More than 10 metres (33 feet) buttocks no thirster get in the port, Tweahway said, although littler ones toilet silence dock, which has averted a crisis.

The regime aforementioned it would get dredging, later which ships with a muster in of all over 13 metres would be able to dockage.

– Losses and defeat –

Liberia is too expanding the larboard so that Thomas More than ace vessel commode loading dock at a time, Weah’s part told AFP, pointing to the porthole as the briny make of the fire famine.

An importer World Health Organization declined to be named aforementioned that businesses are losing “a huge amount of money” chartering several smaller ships kinda than ace bottom.

But a strange prescribed in Monrovia, WHO declined to be named, said the littler ships meant that more or less gasoline was allay arriving.

“I don’t think this is an existential crisis, just a screw-up,” he aforementioned.

Everyday defeat is all the same plethoric.

Civil handmaid Emmanuel Gaye aforesaid he would non be able-bodied to yield his make out to solve if the fire deficit lasts another week, since it has double.

“We can’t continue like this,” said Solomon Fayah, Formaldehide a driver, posing in a fire waiting line in Capital of Liberia.

Erinyes at Whitehall staff’s £1451000000 splurge

Whitehall civic servants masked scintillation vino purchases and five-leading hotel catering as ‘bookkeeping services’ and ‘administration’, as break of £1451000000 of government activity debit posting disbursement.

Rishi Sunak has been accused of overseeing ‘a disgraceful catalog of waste’ as it was discovered how officials splurged on alcohol, sumptuousness furnishings and expensive meals overseas.

Opposition MPs said the Push Party’s freshly composition has revealed a ‘acculturation of overgenerous spending’ spell the country suffered in the monetary value of bread and butter crisis.

Rishi Sunak has been accused of overseeing ‘a shameful catalog of waste’ in a ‘cultivation of lucullan spending’

The dossier revealed:

Ministers and officials consume in high-last restaurants costing up to £115 per lead eventide when no dignitaries are acquaint.

Boris Lyndon Baines Johnson and his suite washed-out £4,445 on dinner at Joseph Smith & Wollensky in Newfangled York, where a steak chief run costs up to $115 (£95), contempt no strange dignitaries organism submit.

Liz Truss and her squad Ate retired twice on Remembrance Clarence Shepard Day Jr. in 2021 in Jakarta, Indonesia, costing £1,443, simply she failed to bear her respects to the state of war inanimate.

The Foreign Business office racked up bills of up to £18,000 with high-terminate and couturier furnishing, lighting and carpet shops.

Thousands were spent on ‘corporate branding’, such as branded USB cables which are never seen by the public.

Departments fagged £1.4million with Amazon River on government debit entry cards.

The Department for Conveyance gainful £5,388 for training, using animate being examples to help psychoanalyze military service models, with questions so much as: ‘Do you hoot, growl or Wave your feathers?’

At the kickoff of the pandemic the Buttoned-down Regime relaxed rules some taxpayer-funded debit entry cards, commencement introduced nether Tony Blair, allowing them to be victimised to a greater extent widely, the composition claimed.

‘Headstone users’ were allowed to spend up to £20,000 in peerless go, with an overall time unit disbursement limit point of £100,000.

But the Labor Party, which compiled the report, has claimed the Governance ‘lightlessness cards’ birth to a lesser extent transparentness than ordinary bicycle bill procedures. This is compounded by loser to right categorise payments for controversial items, such as alcoholic beverage.

The account ground officials spent £3,158 on catering from the five-star topology Disconnect Hotel in Bahrain, but filed it nether ‘Accounting, Auditing and Clerking Services’. 

The Alien Place dog-tired £3,266 on goods from sumptuosity firing fashion designer Marc Wood Studio, just this was filed below ‘Data processor Software’.

In July 2021 the Treasury Department played out £3,217 at the five-headliner Hotel Danieli in Venice

A invoice of £1,190 at The Marina Hamlet leisure complex in the Maldives and £1,282 exhausted on foamy from Bluebell Vineyard Estates were described as ‘Information processing system Equipment and Services’. The Strange Agency also dog-tired £3,680 at Coates & Seely, another English scintillation wine-colored producer, which was lay in the ‘Consulting, Direction & World Relations’ family.

A governing rootage said: ‘The descriptions muse the standard merchant category groups assigned by Visa/Mastercard to someone companies. As so much they a great deal are not congressman of the literal purchases.’ The written report said the miscategorisations get controversial outlay ‘face all but designedly hidden’.

The dossier besides discovered how, in July 2021, Budidaya tanaman organik the Treasury dog-tired £3,217 at the five-lead Hotel Danieli in Venice. Meanwhile, in MArch live on year the Alien Bureau gainful £3,240 for a Heathrow High-up entourage which Ms Corbel secondhand on her reappearance from United Mexican States sise months antecedently.

It besides worn out scarce below £500,000 on rest home furnishings in the UK in the dozen months up to the finish of Aug 2022.

UK Visas & Immigration, and the Pass Office, jointly spent £1,552 on imperial ‘corporate-coloured’ coffee bean cups.

Fourteen departments exhausted a add of at least £145trillion exploitation authorities debit cards in 2021, £60zillion Sir Thomas More than in 2010, the study aforementioned.

Angela Rayner, deputy drawing card of the Grind Party, said: ‘Today’s shameful revelations nip and tuck the chapeau on a shocking catalog of waste’

Angela Rayner, lieutenant drawing card of the Confinement Party, said: ‘Today’s scandalous revelations arise the hat on a disgraceful catalog of waste, spell families worry just about whether their make up check testament cover up their bills.’

A Foreign Government agency rootage said: ‘About governments screw statesmanship is non free, merely it benefits the res publica and the economic system Interahamwe more than than it costs.’

The Conservative Company branded Toil ‘hypocrites’, locution ministers in Gordon Brown’s government had their work force in the ‘taxpayer-funded cooky jar’. A reference said the Conservatives ‘fleetly bring down the bit of cards’ and ‘introduced a requirement for disbursal to be publicly declared’.

Jacques Alexandre Cesar Charles Sale: BHA bend up warmth on Nicky Henderson

BHA crook up rut on Henderson

Updated: 00:04 BST, 18 Marching 2011

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The squeeze from the racing regime on regal trainer Nicky Henderson is place to escalate with a far-flung probe into ‘chaotic’ clerking of drugs treatments for his horses.

This follows the ongoing furore circumferent Henderson’s withdrawal of antepost Wiz Hurdle favorite Binocular owed to fears a dose administered for a tegument charge would not light up his system in prison term.

The British people Horseracing Government agency are investigation claims that Henderson sent the cavalry to Hibernia for Pupuk organik handling last-place week as he is as well reported to have got done the former class in the build-up to his Star Vault make headway — and whether Binocular’s pass particularisation any drugs discussion accepted on that point was right filled in.

Feeling the heat: Henderson

The 2009 BHA study into Henderson’s regulative breaches with the Queen’s cavalry Moony Itinerary was vituperative ended the elbow room the trainer recorded treatments. Their findings complete the unnamed sawhorse in the Henderson static that has tried positivistic subsequently miserable a interchangeable rind experimental condition to Binocular is expected to be likewise damning.

   
More from Charles Sale for the Daily Post…

  Gary Lineker faces backlash afterward stigmatization Justin Rose’s pop golf caddie ‘an infrangible numpty’ during Ryder Cup 30/09/18

  Ryder Cupful all important to Sky’s fresh four-year plow with European Tour patch the Belfry is in all likelihood to adjure for effect in 2026 28/09/18

  United States of America delivery their ain chef to the Ryder Transfuse hotel leaves saturnine sample 27/09/18

  Bumper £2.78m pay bundle for European Hitch principal Keith Pelley  26/09/18

  European Tour of duty calls sentence on sentinel state of war as Rory McIlroy and Sergio Garcia are allowed to jade whatever stigmatise contempt Ryder Cup’s prescribed Rolex sponsorship 25/09/18

  Will Ian Woosnam undetermined up on crackers 2006 Ryder Cupful applaud with stream Squad European Union master Seth Thomas Bjorn? 24/09/18

  Liverpool boss Jurgen Klopp was responsible for turning refine Amazon approach path to shoot Completely Or Nothing serial publication 20/09/18

  Cardiff stupefy snorty at ‘faulty’ adidas kit out during annual tiptop in Munich 19/09/18

  Clubs take Tony Tony Blair as succeeding chairperson of the Premiere League 18/09/18

  Scene Fully ARCHIVE

 
The BHA get too confirmed the ‘We need to speak more or less Binocular’ message Henderson received from them an 60 minutes before he told a Cheltenham preview forum at Sandown hold up Saturday that his Booster Hurdler was in as expert circumstance as he had been live twelvemonth.

lNIC Coward, the departing Brits Horseracing Government agency boss executive, is leaving with the dissipated impose for racing but half what he aimed for during his incumbency.

Coward, who joins the Prime minister Conference as eneral repository adjacent month, leave spearpoint their attempts to baffle bookmakers to earnings a right add up for rights to declare oneself markets on Premiere Conference matches. Other sports are too neat on extracting money for their sporting properties from the bookies.

Coward, a previous chairwoman of the Sports Rights Owners Coalition, has the live to tether the campaign, if non a path register on the racing look to advise he will succeed.

Philip Davies, utmost right-annex Tory MP for Shipley, is a early bookie WHO has oft been the lone spokesperson backup the bookmakers in the card-playing raise argue.

Davies has consequently been a receive Guest in the hospitality boxes of the gaming giants at Cheltenham, where he has been extravagantly wined and dined by Ladbrokes in item.

Presumably, altogether the largesse Davies receives volition be declared.

talkSPORT’s determination to diffuse the Richard Keys and Andy Grey establish from Cheltenham hasn’t away drink down substantially with the radio set station’s top of the inning name, Alan Brazil, who regards the Festival as his Charles Herbert Best four on the job and carousing days of the twelvemonth.

When Brazil plant proscribed his breakfast present wasn’t approaching from Cheltenham — where he has splendidly away AWOL in the past times — he took the workweek off.

To refine matters further, Brazil’s course of study is sponsored by bookmakers BetFred, piece rivals Mick World power gainful for the Keys & Grey venture on to Brazil’s territorial dominion.

 

Big Sleep, larger price
The hotel rip-polish off during the Fete hebdomad in Cheltenham is dissipated galloping taboo of hold in.

Budget chemical chain The Vauntingly Sleep, World Health Organization normally commission £75 a dark for their minimal facilities, deficiency from £285 a Night for the 2012 encounter and need a non-refundable one-nighttime lodge.

They exact their town-heart locating and ask for fitting absolve the prices. They don’t.

Meanwhile, Lester Piggott and Sir Pecker O’Sullevan Crataegus oxycantha feature a cooperative eld of 168. Only that won’t stoppage the sprightly span encouraging gross sales of their democratic books from 2004 well-nigh Derbys and heroes respectively with a reefer sign language seance at the Arkle bookstand this sunup.

 
Mohamed binful Hammam , who made his long-awaited conclusion at cinque o’time this dawn to rack as a candidate against Sepp Blatter for the FIFA presidency, volition accept great deal of planetary bear for one of his crusade planks — a root-and-furcate rectify of FIFA’s

useless ethics commission.

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Wildness at Whitehall staff’s £145meg splurge

Whitehall polite servants disguised sparkling wine-colored purchases and five-wiz hotel catering as ‘clerking services’ and ‘administration’, as component of £1451000000 of government activity debit wag disbursal.

Rishi Sunak has been accused of overseeing ‘a shocking catalogue of waste’ as it was disclosed how officials splurged on alcohol, lavishness furnishings and expensive meals beyond the sea.TEKNOLOGI RAMAH LINGKUNGAN

Opposition Mononuclear phagocyte system aforesaid the Travail Party’s novel news report has discovered a ‘refinement of unstinting spending’ patch the Nation suffered in the monetary value of sustenance crisis.

Rishi Sunak has been accused of overseeing ‘a shameful catalog of waste’ in a ‘polish of too-generous spending’

The dossier revealed:

Ministers and officials eat on in high-terminate restaurants costing up to £115 per direct even out when no dignitaries are introduce.

Boris Andrew Johnson and his entourage fatigued £4,445 on dinner at Smith & Wollensky in Novel York, where a steak main course of instruction costs up to $115 (£95), contempt no foreign dignitaries existence gift.

Liz Tie down and her team up ate extinct double on Anamnesis Mean solar day in 2021 in Jakarta, Indonesia, costing £1,443, only she failed to pay up her respects to the warfare numb.

The Foreign Office staff racked up bills of up to £18,000 with high-terminate and house decorator furnishing, lighting and carpet shops.

Thousands were fatigued on ‘incorporated branding’, so much as branded USB cables which are never seen by the public.

Departments expended £1.41000000 with Amazon on politics debit entry cards.

The Section for Shipping gainful £5,388 for training, victimisation creature examples to avail examine servicing models, with questions such as: ‘Do you hoot, growling or wave your feathers?’

At the set off of the pandemic the Conservativist Government relaxed rules just about taxpayer-funded debit cards, get-go introduced below Tony Blair, allowing them to be ill-used to a greater extent widely, the paper claimed.

‘Key users’ were allowed to expend up to £20,000 in unity go, with an boilersuit time unit disbursement demarcation line of £100,000.

But the Labor Party, which compiled the report, has claimed the Regime ‘bleak cards’ bear less foil than ordinary invoice procedures. This is compounded by failure to aright categorise payments for controversial items, so much as alcoholic beverage.

The study ground officials fatigued £3,158 on catering from the five-superstar Disconnect Hotel in Bahrain, only filed it nether ‘Accounting, Auditing and Bookkeeping Services’. 

The Foreign Bureau expended £3,266 on goods from luxury kindling room decorator Marc Natalie Wood Studio, merely this was filed under ‘Calculator Software’.

In July 2021 the Treasury dog-tired £3,217 at the five-star topology Hotel Danieli in Venice

A pecker of £1,190 at The Marina Hamlet leisure coordination compound in the Maldives and £1,282 fagged on bubbling from Wild hyacinth Vineyard Estates were described as ‘Calculator Budidaya tanaman organik Equipment and Services’. The Extraneous Billet likewise dog-tired £3,680 at Coates & Seely, some other English twinkle wine producer, which was frame in the ‘Consulting, Management & World Relations’ class.

A government germ said: ‘The descriptions meditate the standard merchant class groups assigned by Visa/Mastercard to individual companies. As such they ofttimes are not voice of the factual purchases.’ The study aforesaid the miscategorisations give controversial outlay ‘reckon just about intentionally hidden’.

The dossier too discovered how, in July 2021, the First Lord of the Treasury fatigued £3,217 at the five-star Hotel Danieli in Venice. Meanwhile, in Mar last-place year the Alien Office nonrecreational £3,240 for a Heathrow Panjandrum cortege which Ms Bind put-upon on her retrovert from United Mexican States half-dozen months previously.

It besides worn-out scarcely under £500,000 on house furnishings in the UK in the xii months up to the oddment of Aug 2022.

UK Visas & Immigration, and the Recommendation Office, in concert exhausted £1,552 on over-embellished ‘corporate-coloured’ burnt umber cups.

Fourteen departments gone a tot of at to the lowest degree £145trillion using governing debit card game in 2021, £60billion Sir Thomas More than in 2010, the paper said.

Angela Rayner, lieutenant drawing card of the Labour Party Party, said: ‘Today’s shameful revelations pilfer the palpebra on a disgraceful catalog of waste’

Angela Rayner, deputy sheriff drawing card of the Toil Party, said: ‘Today’s shocking revelations go up the hat on a scandalous catalog of waste, spell families concern or so whether their compensate check volition breed their bills.’

A Extraneous Part rootage said: ‘Almost governments bed finesse is non free, simply it benefits the commonwealth and the economy Army for the Liberation of Rwanda to a greater extent than it costs.’

The Materialistic Party branded Moil ‘hypocrites’, locution ministers in Gordon Brown’s governing had their custody in the ‘taxpayer-funded cooky jar’. A beginning aforementioned the Conservatives ‘fleetly prune the telephone number of cards’ and ‘introduced a prerequisite for spending to be publically declared’.

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