September 30, 2020
  • 1:25 pm Dutch insurer outsources pensions administration to APG subsidiary
  • 1:21 pm Swedish pension funds wrangle with VW over potential conflict of interest
  • 1:17 pm Falling interest rates lift Q1 return at ING pension fund to nearly 7%
  • 1:04 pm Pension fund for Dutch watchdog seeks merger with other schemes
  • 1:02 pm Rising management costs see PPF consider in-house team

first_imgEverything is relative — especially when it comes to thermal bridging. Thermal bridging occurs wherever assembly components with low R-values relative to surrounding materials span from the inside to the outside of a building assembly. Thermal bridging takes place in wood-framed assemblies because, although wood is a pretty good insulator at about R-1 per inch, it is at least three times more thermally conductive than any cavity insulation, which start at about R-3.5 per inch. The uninsulated roof framed with wood (R-value around 1.1 per inch) means rafter lines covered with snow.With steel framing at about R.04 per inch, it’s thermal bridging on a whole different scale. Steel framing typically reduces the in-cavity R-value by as much as 50%, while wood framing reduces in-cavity R-value by a bit less than 10%.Wrapping a building envelope with exterior rigid insulation cuts off the thermal bridging. Rigid insulation as exterior sheathing is a great idea for wood-framed assemblies, imperative for steel. But as in all things hygrothermal, you get a double benefit when you reduce or eliminate thermal bridging — you save energy and reduce the potential for condensation, mold, and rot.The main reason we put insulation in framing cavities is because there is space — it’s the easiest and least expensive place to put the stuff. But it is not the best place, in large part because of thermal bridging. In what Joe Lstiburek of Building Science Corporation calls the “perfect wall” (or roof), all of the insulation is on the exterior. This means that the building frame experiences nearly the same conditions as the occupants, a real recipe for happy, comfortable, and long-lived people and buildings.To gauge the energy implications of framing type, spacing, and thermal bridging, try the ORNL Whole Wall R-value Calculator.last_img read more

READ MORE

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Phelan admits Man Utd return had him nervousby Paul Vegas5 days agoSend to a friendShare the loveMike Phelan admits returning to Manchester United had him nervous.Phelan, who was Sir Alex Ferguson’s right-hand man during three Premier League title wins, left Old Trafford six years ago following the Scot’s retirement.He said: “I never wanted to leave in the first place. I had left the club, I think we had won the league by 12 points, so I thought going back was terrific but I was really nervous on the first day I went back in because I didn’t know what to expect.“But I walked in the place and it was like I had never been away.“It was really surreal, a lot had gone on but nothing had changed and I’d never been away. I felt right at home.” last_img read more

READ MORE

first_img Minister of Tourism, Hon. Edmund Bartlett, says the heritage experience in Falmouth is being leveraged to enhance the town as a major destination for cruise-ship and stopover visitors. Minister of Tourism, Hon. Edmund Bartlett, says the heritage experience in Falmouth is being leveraged to enhance the town as a major destination for cruise-ship and stopover visitors.He noted that the rich history of the town, with the Georgian architecture and various attractions, makes the Falmouth capital “a wonderful tourism asset”.The Minister was speaking at the ceremony to break ground for the new Ocean Coral Spring Hotel in Falmouth on February 6.He noted that the Tourism Enhancement Fund (TEF) has spent some $385.2 million on rehabilitation and beautification projects in Falmouth, inclusive of renovation of the Trelawny Parish Church, the Falmouth Post Office, Falmouth Courthouse and Water Square; streetscape improvements at Market Street, Harbour Lane and Falmouth Street; as well as rehabilitation of heritage buildings and the Jewish Cemetery as part of the Falmouth Heritage District.“In addition, we have another $629.3 million in projects on stream, inclusive of the artisan village at the old Hampden Wharf. We look forward to the completion of Ocean Coral Spring, which will strengthen Falmouth’s appeal as a destination by expanding its hotel offerings and raising the town’s room count,” the Minister said.Ocean Coral Spring Hotel is a 1,000-room property being developed by the Spanish Hotel chain, H10.The developers are investing US$250 million in the project and the first 500 rooms are expected to be completed by the end of the year. H10 operates 50 hotels in 18 destinations. The Minister was speaking at the ceremony to break ground for the new Ocean Coral Spring Hotel in Falmouth on February 6. He noted that the rich history of the town, with the Georgian architecture and various attractions, makes the Falmouth capital “a wonderful tourism asset”. Story Highlightslast_img read more

READ MORE

first_img “The nation’s understanding and awareness of the importance of productivity improvements and its contribution to economic growth is not fully appreciated, hence the Ministry will be stepping up its game to enhance awareness over time,” she added. Story Highlights The Ministry of Labour and Social Security is stepping up measures to improve workplace productivity.“Increase in productivity is necessary for sustainable economic development, competitiveness, job creation and prosperity,” said portfolio Minister, Hon. Shahine Robinson, in her contribution to the 2018/19 Sectoral Debate in the House of Representatives on June 26.“The nation’s understanding and awareness of the importance of productivity improvements and its contribution to economic growth is not fully appreciated, hence the Ministry will be stepping up its game to enhance awareness over time,” she added.As such, she said, the Ministry will be ramping up its public-awareness campaign through the Jamaica Productivity Centre (JPC).She informed that the Japan International Cooperation Agency (JICA) has provided the JPC with an expert on quality and productivity who will “allow the centre to add quality to its productivity portfolio”.She noted that the Gleaner Company and Lasco Jamaica have joined forces with the JPC to promote productivity in schools along with the formation of productivity clubs in high schools.“This is a very important development, as it recognises that if we inculcate a strong productivity culture in our students, it will grow with them through life,” Minister Robinson pointed out.On May 17, the JPC staged the first of four productivity fora planned for this fiscal year in Kingston as part of Workers’ Week activities, under the theme ‘Ramping up Productivity through Innovation’.Boosting productivity is a key area of focus under the Ministry’s Strategic Business Plan for 2018/19 through to 2020/21.Other priorities are increasing employment within the context of the decent work agenda, enabling a more efficient labour market, maintaining a harmonious industrial relations climate, providing a safe and healthy work environment and protecting the most vulnerable groups. The Ministry of Labour and Social Security is stepping up measures to improve workplace productivity. “Increase in productivity is necessary for sustainable economic development, competitiveness, job creation and prosperity,” said portfolio Minister, Hon. Shahine Robinson, in her contribution to the 2018/19 Sectoral Debate in the House of Representatives on June 26.last_img read more

READ MORE

first_imgSome of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (15,213.45, lost 153.84 points)Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 23 cents, or 2.47 per cent, to $9.07 on 9.7 million shares.Prometic Life Sciences Inc. (TSX:PLI). Biotechnology. Down 14 cents, or 15.91 per cent, to 74 cents on 7.4 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down nine cents, or 2.40 per cent, to $3.66 on 5.7 million shares.Aphria Inc. (TSX:APH). Healthcare. Down 24 cents, or 2.09 per cent, to $11.25 on 5.4 million shares.Canopy Growth Corp. (TSX:WEED). Healthcare. Down $1.65, or 4.90 per cent, to $32.01 on 5.3 million shares.BlackBerry Ltd. (TSX:BB). Wireless communications. Down $1.01, or 6.82 per cent, to $13.80 on 3.9 million shares.Companies reporting major news:Aimia Inc. (TSX:AIM). Loyalty programs. Down five cents, or 2.89 per cent, to $1.68 on 518,276 shares. Aeroplan’s parent company is apologizing for a politically charged survey it circulated that it says “offended” customers. In a statement made to the Canadian Press, Aimia spokesperson Christa Poole says the questions had not been properly reviewed internally and didn’t meet the company’s data-gathering standards.CanniMed Therapeutics Inc. (TSX:CMED). Healthcare. Down $2.07, or 5.72 per cent, to $34.15 on 20,118 shares. CEO Brent Zettl has resigned, effective immediately, as Aurora Cannabis nears completion of its $1.1 billion acquisition of the medical marijuana company.Torstar Corp. (TSX:TS.B) – Media company. Down three cents, or 1.68 per cent, to $1.76 on 6,500 shares. The media company says it is hiring 20 new reporters in Western Canada and will rebrand and upgrade the digital offerings of its five free daily Metro urban newspapers across Canada. As of April 10, the Metros will be called StarMetro Vancouver, StarMetro Calgary, StarMetro Edmonton, StarMetro Toronto and StarMetro Halifax.Transcontinental Inc. (TSX:TCL.A) – Printer and publisher. Up $2.47, or 9.71 per cent, to $27.92 on 538,309 shares. Transcontinental is taking a big leap in its strategic shift towards flexible packaging with the company’s largest ever deal that would diminish the role of commercial printing that has been the cornerstone of the company since its founding 42 years ago. The C$1.72 billion purchase of Coveris Americas will make it North America’s seventh-largest packaging company.last_img read more

READ MORE

first_imgSINGAPORE – Asian markets have bounced back from their retreat after the report of strong preliminary manufacturing data in Japan.KEEPING SCORE: Japan’s Nikkei 225 index jumped 0.5 per cent to 22,130.30 as a private survey suggested a recovery in manufacturing in October. The Shanghai Composite index, which closed more than 2 per cent lower on Tuesday, jumped 1.5 per cent to 2,634.50 and Hong Kong’s Hang Seng index surged 0.9 per cent to 25,565.27. The Kospi in South Korea picked up 0.2 per cent to 2,109.66. Australia’s S&P-ASX 200 lost 0.1 per cent to 5,839.10. Shares were higher across the region apart from in Thailand.JAPAN FACTORY OUTLOOK: A rise in the preliminary, or “flash” purchasing manager’s index to 53.1 in October from 52.5 the month before raised hopes that recent sluggishness in manufacturing demand may have been transient. A revival in new export orders, to 51.7, a seven-month high, was viewed as especially good news given concerns over China-U.S. trade tensions. Readings above 50 in the survey indicate expansion.ANALYST’S VIEWPOINT: “Following a rather disappointing slew of PMI data over the third quarter, Japan’s manufacturing sector looks set to start Q4 on a more upbeat note. The latest survey indicated stronger expansions in all the key barometers of macroeconomic health,” Joe Hayes, economist at IHS Markit, which compiles the survey, said in a commentary.WALL STREET: U.S. indexes fell on Tuesday following a broad-sell off on softening growth in China and fears that tariff hikes are beginning to hurt corporate earnings. The S&P 500 index suffered its fifth-straight loss, dropping 0.6 per cent to 2,740.69. The Dow Jones Industrial Average shed 0.5 per cent to 25,191.43 and the Nasdaq composite fell 0.4 per cent to 7,437.54. The Russell 2000 index of smaller-company stocks was 0.8 per cent lower at 1,526.59.U.S. EARNINGS: Sentiment was dampened as large U.S. companies kicked off a busy earnings week with warnings of rising costs related to tariffs. Heavy equipment maker Caterpillar posted a larger profit and revenue than expected in the third quarter. But the company said Trump’s taxes on imported steel were driving up production costs, causing its shares to slip 7.6 per cent to $118.98. 3M, the maker of Post-it notes and ceramic coatings, reported disappointing revenues and said it anticipates about $100 million in extra costs next year. That sent its shares tumbling 4.4 per cent. The U.S. and China are locked in a trade dispute over technology and have raised tariffs on billions of dollars of each other’s goods.ENERGY: Oil futures rose after the opening of a high-profile investment conference in Saudi Arabia, amid controversy surrounding the killing of a dissident journalist. Benchmark U.S. crude added 13 cents to $66.56 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 7 cents to settle at $66.43 a barrel in New York. Brent crude, used to price international oils, gained 30 cents to $76.74 per barrel. In the previous session, it dropped $3.39 to $76.44 a barrel.CURRENCIES: The dollar strengthened to 112.56 yen from 112.42 yen on Tuesday. The euro eased to $1.1472 from $1.1473.___AP Business Writer Alex Veiga contributed to this report.last_img read more

READ MORE

first_imgThe Canadian Press CALGARY — Cenovus Energy Inc. is planning total capital spending of between $1.2 billion and $1.4 billion for next year.The plan compares with its guidance for this year of between $1.3 billion and $1.4 billion.Cenovus says the reduction compared with its 2018 forecast is largely due to efficiency improvements and reduced development plans as a result of the current commodity price environment.The company says the majority of its budget for 2019 will be spent at its Foster Creek and Christina Lake oil sands operations.Cenovus also plans to complete construction of the Christina Lake phase G expansion.In addition to its oilsands operations in northern Alberta and established natural gas and oil production in Alberta and B.C., Cenovus also holds a stake in two U.S. refineries. Companies in this story: (TSX:CVE)last_img read more

READ MORE

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppNassau, Bahamas, February 23, 2017 –  This is a public forecast for today and tonight Thursday 23rd February 2017 issued by the Bahamas Department of Meteorology at 6am.GENERAL SITUATION: A BROAD LOW PRESSURE SYSTEM ACROSS FLORIDA WILL CONTINUE TO CREATE UNSETTLED WEATHER ACROSS THE BAHAMAS WHILE DRAGGING A COLD FRONT THROUGH THE ISLANDS TODAY.NORTHWEST BAHAMASWEATHER:  PARTLY CLOUDY AND BREEZY WITH SCATTERED SHOWERS AND ISOLATED THUNDERSTORMS…GRADUALLY CLEARING BY AFTERNOON/EVENING HOURS.ADVISORY: A SMALL CRAFT ADVISORY IS IN EFFECT ADHEAD OF THE FRONT.WINDS:  SOUTHWEST TO WEST AT 15 TO 25 KNOTS AHEAD OF THE FRONT BECOMING WEST TO NORTHWEST AT 15 KNOTS BEHIND THE FRONT.SEAS: 5 TO 8 FEET OVER THE OCEAN AHEAD OF THE FRONT…SUBSIDING 3 TO 5 FEET BEHIND THE FRONT.CENTRAL AND SOUTHEAST BAHAMASWEATHER: PARTLY CLOUDY TO CLOUDY AND BREEZY WITH SCATTERED SHOWERS AND ISOLATED THUNDERSTORMS.ADVISORY: A SMALL CRAFT ADVISORY IS IN EFFECT.WINDS:  SOUTHEAST TO SOUTH AT 15 TO 25 KNOTS AHEAD OF THE FRONT BECOMING SOUTHWEST TO WESTERLY BEHIND THE FRONT.SEAS : 5 TO 8 FEET OVER THE OCEANDAYTIME HIGH TEMPERATURE           79 °F       26 °COVERNITE LOW TEMPERATURE          66 °F       19 °CSUNRISE: 6:38AM                MOONSET:      3:34PMSUNSET: 6:09PM                  MOONRISE:    5:06 AM FRILOW TIDE: 11:45AM         &        11:42  PMHIGH TIDE: 05:35 PM     &         6:03  AM FRIEXTENDED FORECAST: (FOR THE NEXT TWO DAYS)…LOW PRESSURE WILL GRADUALLY EXIT THE AREA WHILE DRAGGING A TRAILING COLD FRONT THROUGH THE ISLANDS…WEAK HIGH PRESSURE WILL BUILD ACROSS THE BAHAMAS IN WAKE OF THE FRONT…FORECAST FOR FRIDAYWEATHER: A MIX OF SUN AND CLOUDS AND WARM WITH THE SLIGHT CHANCE OF AN ISOLATED SHOWER OR TWO…MAINLY FAIR AT NIGHT…WINDS: WEST TO NORTHWEST AT 10 TO 15 KNOTS IN THE NORTHWEST BAHAMAS AND SOUTHWEST TO WEST AT 15 TO 20 KNOTS IN THE CENTRAL AND SOUTHEAST BAHAMAS…SEAS: 2 TO 4 FEET OVER THE OCEAN IN THE NORTHWEST BAHAMAS AND 4 TO 6 FEET IN THE CENTRAL AND SOUTHEAST BAHAMAS…FORECAST FOR SATURDAYWEATHER: PARTLY SUNNY AND WARM WITH A STRAY SHOWER OR TWO POSSIBLE…MAINLY FAIR AT NIGHT…WINDS: NORTHWESTERLY AT 10 TO 15 KNOTS…SEAS: 2 TO 4 FEET OVER THE OCEANFORECASTER: GREGORY D THOMPSON/C.G. ALERT # 2 ON POTENTIAL TROPICAL CYCLONE NINE ISSUED BY THE BAHAMAS DEPARTMENT OF METEOROLOGY THURSDAY 12TH SEPTEMBER, 2019 AT 9 PM EDT Recommended for you The Luxury of Grace Bay in Down Town Provo Electricity Cost of Service Study among the big agenda items at September 11 Cabinet meeting Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:#magneticmedianewslast_img read more

READ MORE

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsApp#TurksandCaicos, March 5, 2018 – Providenciales – The Department of Environment and Coastal Resources (DECR) would like to remind the public that fishing within a National Park is illegal. Persons caught doing so will face the full extent of the law.  This is in accordance with the National Parks Ordinance, Ordinance 11 of 1975, as amended.According to Regulation 3, subsections (1), (2), (3) and (4) the following activities are prohibited within all National Parks, Nature Reserves, Sanctuaries or Areas of Historical Interest:The taking of any animal or plant by any method on land or at sea, except to the extent permitted in any fishing zone;The destruction of, or damage or injury to, any animal or plant; Any persons caught contravening these regulations are committing an offense and is liable, on summary of conviction, to a fine of up to $50,000.00 or a term of imprisonment of 12 months, or both.The DECR would like to encourage the public to be familiarize themselves with the National Parks / Nature Reserve / Sanctuary / Historical Area boundaries.  This information is available in the National Parks Ordinance, which can be found on the DECR’s webpage:  http://www.gov.tc/dema . Should you notice illegal activity within the boundaries of these Protected Areas, please contact the Department atenvironment@gov.tc, or 338-4164.Release: TCIGcenter_img Related Items:last_img read more

READ MORE

first_imgHighlighting that LIC’s core focus would be infrastructure investment, the life insurer has decided to be a partner in India’s first sovereign wealth fund earmarked for infrastructure sector, reported Press Trust of India. The Rs. 40,000-crore National Investment and Infrastructure Fund (NIIF) will be owned by the government and other partners in a 49:51 ratio.”LIC has enough funds to invest in NIIF. LIC’s core focus is infrastructure investment. There is no problem in investment quantum,” said S.K. Roy, chairman of the state-owned insurance company.NIIF has already signed MoUs with global sovereign wealth funds like Russia’s Rusnano, Abu Dhabi Infrastructure Authority (ADIA) and Qatar sovereign wealth fund Qatar Investment Authority (QIA). All the MoUs are analysing investment opportunities in Indian infrastructure sector. The Fund is also in look out for a chief executive officer, reported PTI.Last week the NIIF Governing Council, headed by Union finance minister, met and approved some alteration in its investment model, reported the Indian Express. The council proposed that the government should open investments in individual projects, given the growing interest by potential investors.It highlighted that global sovereign wealth funds are primarily long-term funds that would require the government to be a partner and facilitator.last_img read more

READ MORE