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Top News In மிகப்பெரியது பெட்டி அலுவலகம் குண்டுகள் ஆஃப் அனைத்தும் நேரம் Today - Breaking & Trending Today

Credit Suisse Sees Loss In Q1 On Hefty Archegos Charge; Executives To Step Down

Credit Suisse Sees Loss In Q1 On Hefty Archegos Charge; Executives To Step Down
ZURICH (dpa-AFX) - Swiss lender Credit Suisse Tuesday said it expects to report a pre-tax loss in its first quarter, hurt by a hefty 4.4 billion francs charge following the collapse of US-based hedge fund Archegos Capital Management.
Related to the issues, the company said Investment Bank Chief Executive Officer Brian Chin will step down from his role on the Executive Board, effective April 30. Further, Lara Warner, Chief Risk and Compliance Officer, will step down, effective April 6.
Credit Suisse has appointed Christian Meissner as Investment Bank CEO and member of the Executive Board, effective on May 1. Joachim Oechslin is appointed ad interim Chief Risk Officer and member of the Executive Board on an ad-interim basis, effective April 6. Thomas Grotzer is appointed ad interim Global Head of Compliance, effective April 6. ....

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Welcome To IANS Live - NATION - Indian agriculture: Maladies and remedies

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IANSLive
Since Independence, the agriculture sector has remained the main source of national income and occupation in India. In 1947, 72 per cent of the total working population was engaged in agricultural sector, but still a majority of Indias poor (some 770 million people or about 70 per cent) inhabit the rural areas.
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Update: 05-April-2021 ....

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Wayfair : Commits $30 Million to Social Impact Investing, Including $20 Million in LISC's Black Economic Development Fund

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Wayfair Inc. (NYSE:W), one of the world’s largest online destinations for the home, today announced that it has committed $30 million to social impact investing, including a $20 million investment in the Black Economic Development Fund (BEDF). The BEDF invests in Black-led financial institutions, anchor institutions and businesses to improve access to capital and expand economic opportunity for Black communities. The BEDF was launched and is managed by the Local Initiatives Support Corporation (LISC), one of the nation s oldest and largest community development financial institutions.
“Our investment in the Black Economic Development Fund is part of our broader commitment to stand against racism in every form and to continuously work to foster diversity, equity and inclusion both at Wayfair and in our communities,” noted Niraj Shah, CEO, co-founder and co-chairman, Wayfair. “We are proud to join forces with LISC and other like-minded c ....

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Christopher Cape: Yellow fleets and knotted knickers

Christopher Cape: Yellow fleets and knotted knickers
1 Apr, 2021 03:19 AM
5 minutes to read
Car wreck, Saddle Rd, two years on. Photo / Christopher Cape
Wanganui Midweek
OPINION:
The world is a mess. In this throwaway society humanity seems intent on cluttering the world with junk. In recent international news one of the world s biggest container ships, the 220,000 tonne Ever Given ran aground across the Suez canal, blocking all marine traffic. History repeats itself obviously.
In 1967 hostilities, labelled the Six-Day War, broke out between Egypt and Israel. Egypt scuttled ships, a bridge, sea mines and other assorted paraphernalia in and across the Suez Canal blocking it to shipping. Fifteen international cargo vessels were trapped in those waters, in the Great Bitter Lake and Lake Timsah for eight years between 1967 and 1975 while the adversaries wrestled for supremacy. ....

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Saudi Arabia's SWCC, the Largest Desalination Corporation Globally, achieved a new Guinness World Record for the lowest Water Desalination Energy Consumption

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RIYADH, Saudi Arabia, April 5, 2021 /PRNewswire/ Saline Water Conversion Corporation (SWCC) was recognized by Guinness World Records for setting a global record in reducing energy consumption in water desalination to 2.271 kWh per cubic meter, cementing its position as a pioneer in promoting environmental sustainability, achieved this milestone by adopting innovative technologies that lower the use of power and cost of produced water in the desalination industry.
Guinness World Records stated that it verified the figure in March 2021.
The technology used in the plants is reverse osmosis (RO), which is by SWCC standards and specifications that is uniquely re-engineered to develop supply chains and reduce operational costs while achieving positive financial returns as an outcome of reducing electricity consumption from reverse osmosis plants by to 2.271 kWh per cubic meter. The new plants are seawater take systems powered by energy recovery techniques and equipped ....

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