UK Parliament resumes amid political turmoil

first_imgThe historiccourt ruling backed Parliament’s sovereignty and slapped down what justicesviewed as Johnson’s effort to squelch debate on Brexit, the country’s most politicallydivisive issue in years. (AP) LONDON – Britain’sHouse of Commons reconvened Wednesday, a day after the bombshell Supreme Courtruling that Prime Minister Boris Johnson had acted illegally by suspendingParliament, and lawmakers immediately demanded answers about how the suspensioncame about in the first place. Britain’s Prime Minster Boris Johnson arrives at 10 Downing Street, in London, Wednesday, Sept. 25, 2019. APlast_img read more

Alpena’s polish communities ‘pig out’ days before Lent

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisAll Saints Parish hosted their annual Paczki Sale Saturday and Sunday at the St. Anne Parish Center. Volunteers prepared 35 batches of this pre-Lenten treat–or 9,000 paczki. Lent is a 40-day fasting period leading up to Easter. It’s a tradition for the Polish communities in Alpena to eat this special treat, and they’ve been doing it for over a century. Those who plan to fast during Lent cannot consume sugary sweets like paczki for more than a month. Some Poles says is an excuse to ‘pig out’. Hence–Fat Tuesday. AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisContinue ReadingPrevious 19th Annual Chocolate ExtravaganzaNext Two fifth graders publish first children’s booklast_img read more

OILSEEDS PRICES(BCM14)

first_imgMumbai, Jun 14 (PTI) Oilseeds: Bold (in Rs per 100kgs)Mumbai, Jun 14 (PTI) Oilseeds: Bold (in Rs per 100kgs) Groundnut Kernel 6200 Groundnut Bold 60/70 8200 Javas 60/70: 9400 Javas 70/80: 9150 Javas 80/90: 8900 Kardi 3125 Sesame (Whitish) 98/2/1: 6500 Sesame 95/5/1: 6350 Sesameseed crushing 48/2/4 5800 Sunflowerseed 3850 Nigerseed 9300 and Castorseed Bombay 3150.Oils & Seeds: (In Rs. Per 10 kgs) Groundnutoil 1240 Kardi Expeller 870 Sesame Expeller N/T Sunflower Expeller 655 Refined 730 Cottonseeds Refined 670 Palmolein Refined 567 Soybean Refined 635 Soybean Crude N/T Rapeseed Refined 880 Rapeseed Expeller 850 Copra White 830 Ricebran 4-7% FFA N/T Ricebran N/T Linseeds Oil 1180 Castoroil Comm 660 FSG 670 Kandla 641 Mowra N/T Neem 970 Karanji 625.Deoil Cakes: (Rates in Rs.per mt) Groundnut Extraction 45% 28,000 Kardi Extraction 14,000 Sesame Extraction N.Q. Cottonseed Extraction N.Q. Undec Cottonseed Exp 27,000 Rice Bran Extraction N/Q Sunflower Extraction 21,000 Rapeseed Extraction N/Q Soyameal 48% 37,000 and Castor Extraction 4600. — Oilcakes:- Groundnut Expeller Oilcake Rd(per met. tonne)(50%):31,300/- Kardi Expeller Oilcake Rd(per2 metric tonnes) : UNQTD. Groundnut Extraction (per metric tonne) : UNQTD. PTI DMM ABI SDMlast_img read more

Nirav Modi stayed in flat above jewellery store in London: Report

first_imgBy Aditi Khanna London, Jun 24 (PTI) Indian billionaire Nirav Modi was living in a flat just above his jewellery store in the post Mayfair area of London while he was being hunted in India for an alleged money laundering case linked to over USD 2 billion, according to a media report today.The 47-year-old diamantaire was able to travel in and out of Britain at least four times since his passport was cancelled by the Indian authorities in February.During his stay in London, he was reportedly living in the heart of the city above his jewellery boutique called “Nirav Modi” on Old Bond Street, which was reportedly closed last week, The Sunday Times reported.”Why are they always ending up in London? It’s as if the UK is a safe haven,” the newspaper quoted an Indian official as saying.That Modi has been using Britain as a “safe haven” threatens to damage diplomatic ties between India and the UK and further scupper prospects of a post-Brexit trade deal, the report warned.Modi and his uncle Mehul Choksi are accused of benefiting from a huge fraud against the Punjab National Bank, the country’s second largest lender, to the tune of more than USD 2 billion.Indian court has issued warrants for the arrest of Modi and Choksi.On February 23, the Indian authorities revoked Modi’s passport, contacting Interpol and the UK government soon after. But official records reveal Modi travelled from Heathrow Airport to Hong Kong on March 15, and from New York to Heathrow Airport on March 28.advertisementThree days later, he flew from London to Paris. On June 12, Modi is thought to have boarded the Eurostar train from London to Brussels, the newspaper claims, adding that unconfirmed reports claim Modi has applied for asylum in the UK.The UK Home Office and Border Force declined to discuss individual cases but said in a statement: “All passengers attempting to enter the UK are subject to checks by Border Force officers to identify people of concern.””Border Force works with international partners to ensure the most up-to-date information is available.”In the UK, Nirav Modi’s jewels have been made famous by British actress Kate Winslet sporting the diamonds at the Oscars in 2016. Also, his advertising campaigns have been fronted by the British model Rosie Huntington-Whiteley. PTI AK AMS AKJ AMSAMSlast_img read more

Chronicle of a collapse How SinoForest fell from stock market darling to

first_imgTORONTO – The roots of the Sino-Forest saga stretch back more than 20 years. Formed in 1994, it grew to become the most valuable forestry company on the Toronto Stock Exchange. It was also the first and biggest foreign-owned forestry firm in China and conducted most of its business there, even though it was based in Ontario. That was before its collapse in 2012.Here is a timeline of the Ontario Securities Commission’s case against Sino-Forest:June 2, 2011: Muddy Waters Research releases a report that accuses Sino-Forest of exaggerating its timber assets and fabricating sales transactions.June 3, 2011: Sino-Forest shares lose nearly two-thirds of their value, or about $2.3 billion. Company executives say the allegations in the Muddy Waters Research report are unfounded and they’re confident an independent investigation will conclude as much.June 8, 2011: The Ontario Securities Commission says it is investigating Sino-Forest.Aug. 26, 2011: The OSC accuses Sino-Forest Corp. of fraud and stops trading of the company’s shares on the TSX.Aug. 28, 2011: CEO Allen Chan resigns.Nov. 10, 2011: The OSC refers Sino-Forest fraud allegations to the RCMP.Nov. 15, 2011: Sino-Forest says an interim report from an independent investigation refutes allegations that it is fraudulent. But the report also raises concerns about the challenges of verifying timberland holdings in China.Jan. 31, 2012: Final report from independent investigation is released. It leaves several key questions unanswered, including the value of Sino-Forest’s forestry assets.March 30, 2012: Sino-Forest files for bankruptcy protection and puts itself up for sale.May 9, 2012: Sino-Forest shares are delisted from the Toronto Stock Exchange.May 22, 2012: The OSC formally accuses Sino-Forest and five executives including Chan of lying to investors and attempting to mislead investigators.July 21, 2014: David Horsley, former chief financial officer of Sino-Forest, agrees to pay $6.3 million to the OSC and to settle class-action lawsuits. In exchange, he agrees to testify against other former company executives.Sept. 2, 2014: The OSC Sino-Forest case begins. OSC lawyer Hugh Craig says even though its main operations were based in China, the company should be judged by Canadian standards. Chan’s lawyer says while some of Sino-Forest’s business practices may seem peculiar to North Americans, they were “workarounds” that the firm had to employ because they were operating in a country where they were prevented from registering businesses, opening bank accounts and exchanging money freely.April 18, 2016: Closing arguments begin. Craig says Chan was the “controlling mind” behind alleged frauds that robbed shareholders of value.July 14, 2017: The OSC releases its decision that Sino-Forest, Chan and several other executives defrauded investors, misled investigators and “engaged in deceitful and dishonest conduct.”last_img read more