Greek shipowner TOP Ships has agreed to enter into a time charter deal with Singapore-based Clearlake Shipping for one of its product/chemical tankers.The company informed that the 39,208 dwt, 2015-built Eco Fleet would be employed for a firm period of 36 months plus two additional 12 month periods, at the charterer’s option.The revenue backlog expected to be generated by this fixture, assuming all options are exercised, is about USD 25 million.“We are happy to have concluded a new fixture with a high quality charterer which, in line with our strategy, further extends our charter coverage,” Evangelos Pistiolis, the President, Chief Executive Officer and Director of the Company, said.“Following this fixture, total gross revenue backlog for the fixed charter period of operating vessels, from June 30, 2018, stands at about USD 211 million, increasing to about USD 225 million when adding the 50% of our joint venture vessels.”Separately, the company informed that it is offering an aggregate of 2 million of its common shares and warrants to purchase up to 3.5 million of common shares. The warrants will have an exercise price of USD 1.50 per share, TOP Ships said, adding that the warrants will be exercisable for four months from the date of issuance.
There’s no shortage of ideas when it comes to the future of personal transportation. Jet packs, hovercraft, or solar-powered pogo sticks — who knows how Nova Scotians will be getting from here to there 20 years from now? When the next good idea comes down the pike, Nova Scotia wants to be ready to climb on for the ride. The province is introducing the Innovative Transportation Act to make Nova Scotia more flexible and responsive when it comes to testing and evaluating modern transportation innovations on highways. The proposed amendments allow the province to authorize pilot projects (of up to two years in duration) to test new approaches that would otherwise not be permitted under existing highway laws. Pilot projects could be used to evaluate alternate vehicles, lighting regulations, rules of the road, and many other emerging transportation ideas. “These amendments will make the province more flexible and responsive when new ideas are proposed as part of a rapidly changing world of transportation,” said Maurice Smith, Minister of Transportation and Infrastructure Renewal. “We’re open to trying out new ideas but the safety of our roads will remain the top priority.” The current Motor Vehicle Act does not allow some pilot projects. Legislation has to be changed for each new initiative, which can take several months. The new legislation makes testing highway activities and technologies more efficient while keeping Nova Scotia drivers safe. “As long as road safety remains the top priority we’re happy to support this change,” said Shirley Ann Rogers, co-chair of Nova Scotia’s Road Safety Advisory Committee. “Reducing time and red tape while still ensuring the safety of Nova Scotia road users is good news for everyone.” Under the act, highways are defined as a public highway, street, lane, road, alley, park, bridge, beach, or place as well as private property that is available to the general public for the operation of a motor vehicle, which could include parking lots.
Local producers will benefit from Nova Scotians purchasing the new Buy Local licence plate at Access Nova Scotia and Registry of Motor Vehicle offices. The Select Nova Scotia image is featured on the new licence plate that was launched today, Aug. 27, by Service Nova Scotia and Municipal Relations Minister John MacDonell. Select Nova Scotia is the province’s buy local marketing initiative. “Nova Scotians have told us they want to buy local products to support local industries such as the agriculture and seafood sectors,” said Mr. MacDonell. “Nova Scotians can help promote local products by purchasing the new licence plate. This is an optional plate for drivers who want to use it on their vehicle.” David Baldwin, a Nova Scotia fruit grower, proposed the idea for a buy local licence plate when he saw one when travelling in the United States. He thought it would be a good idea for Nova Scotia. “Every time someone sees the Buy Local licence plate on a car stopped at a traffic light, or even in a parking lot, it will serve as a reminder to those not directly involved in agriculture and food production of how important it is to eat good food grown in Nova Scotia,” said Mr. Baldwin. The plate will be issued, by request, to passenger and light commercial vehicles up to 5,000 kilograms. An application form and standard registration fees will apply, in addition to a $50 donation, when the licence is purchased and on registration renewals. “Raising awareness about agriculture in Nova Scotia is very important to us,” said Dennis Boudreau, president, Nova Scotia Federation of Agriculture. “Engaging Nova Scotians to support buying local and to showcase it on their licence plate is a good step forward.” The Select Nova Scotia Fund will raise public awareness and help sponsor events supporting local products and industries. One hundred per cent of the donation collected will be used for these activities. “Each year Select Nova Scotia sponsors groups that host the popular community suppers and Incredible Picnics,” said Mr. MacDonell. “The money collected from the Select Nova Scotia fund will be used to enhance these and other initiatives that help connect Nova Scotians with their local farmers and producers.” For more information about the new licence plate, go to www.accessns.ca or call 902-424-5851 in Halifax area or toll-free 1-800-898-7668.
HALIFAX – Hundreds of people gathered on a jetty at Halifax’s naval base Wednesday to bid farewell to 240 military members aboard HMCS Ville de Quebec as it headed to the Mediterranean as part of Canada’s ongoing contribution to a NATO mission in central and eastern Europe.Under pouring rain, family, friends and dignitaries waved goodbye as the warship sounded a fog horn and departed through a heavy mist in Halifax harbour.Children in brightly-coloured rain boots waved Canadian flags and homemade signs, one saying, “Bye Mommy, see you later” while another said, “Bon Voyage Daddy.”Couples shielded from the rain under large umbrellas hugged and kissed goodbye before the six-month mission.“It’s overwhelming,” said Vanessa Picard, standing on the jetty with her two young children after her husband departed. She called the experience of watching him sail off “surreal.”It’s a familiar scene here at HMC Dockyard Halifax, as the commanding officer of the warship noted.“It’s really hard on families,” said Cmdr. Scott Robinson, adding he was leaving behind his wife and two young children. “I’m not the only one. It weighs on you.”Several ships deploy from the east coast base every year, but the HMCS Ville de Quebec send off was a significant milestone for the Canadian military.On board the frigate was a CH-148 Cyclone helicopter — the first international mission for the new twin-engine machine.Defence Minister Harjit Sajjan said the state-of-the-art technology adds to the “tremendous capability” of the country’s armed forces and its contribution to Operation Reassurance.The retired lieutenant-colonel also said it “sends a very strong message of deterrence” to countries like Russia, which he said is starting to go against “a rule-based order.”Sajjan pointed to Russian actions under Vladimir Putin, such as the annexation of Crimea, its support for rebel forces in eastern Ukraine and Bashar al-Assad’s government in Syria.“It’s something that we will not stand for,” he told reporters following the warship’s departure. “This is one of the reasons why Canada will continue to step up not only as part of NATO, but as part of a coalition.”He added that Canada “will not take threats lightly” and that the multinational, “fully combat ready” battle groups send a strong message.Indeed, the commander of the HMCS Ville de Quebec said he expects to run training exercises with his crew to “keep our combat capability at a high level in case the government calls upon us to react to some sort of world event,” Robinson said.“We want to maintain our proficiency as much as we can at the highest level in case the government of Canada calls on us to do something.”Meanwhile, the Royal Canadian Navy commander called it an “exciting moment” for the first-ever Cyclone helicopter to be sent on a mission.Vice-Admiral Ron Lloyd said Canada’s contribution to the NATO mission will help “enhance regional maritime security and stability.”The Halifax-class warship HMCS Ville de Quebec is slated to relieve HMCS St. John’s, which returns to Halifax later this month after a six-month mission.The deployment of the Cyclone marks a major milestone for the 17-metre, 13,000-kilogram aircraft.In January, the East Coast fleet of Sea Kings was retired after 54 years of service.The Cyclone fleet will be tasked with surface and sub-surface surveillance, and search and rescue missions, while providing “tactical transport for national and international security efforts,” according to the military. Its aluminum and composite airframe is built with lightning-strike and high-intensity radio frequency pulse protection.
New Delhi: Eight Board of Directors of the Delhi & District Cricket Association (DDCA) have signed a joint resolution for withdrawal of all powers vested with president Rajat Sharma, a move that could have far-reaching implications. The DDCA’s decision making body is Board of Directors and with eight out of the 16 signing the resolution (in possession of PTI), the renowned journalist may have problems in functioning smoothly. The ones who have signed the resolution during a meeting held last Sunday are Vinod Tihara, Rajan Manchanda, Sanjay Bhardwaj, Alok Mittal, Apurv Gupta, SN Sharma, Sudhir Agarwal and Nitin Gupta. Tihara, who was made the secretary, and former cricketer Bhardwaj had protested at the start of Sharma’s tenure saying they didn’t like his ways of functioning. Tihara, in fact, was suspended and he took legal recourse to get a favourable verdict. However government nominee and most notable member in the BoD Gautam Gambhir didn’t sign the resolution along with six others (barring Sharma). The resolution statement read: “Resolved that powers to the president that was accorded to him on 02/07/2018 by the Board of Directors for day to day running of affairs is withdrawn and all the decisions will be taken by the apex council. We further resolve that we passed this resolution by circulation considering the urgency of the matter and may be placed at the next apex council for taking note of.”
By Josh BabbRabat – World Toilet Day was integrated into rule 6 of the UN’s Sustainable Development Goals (SDG) which were announced in 2015, calling for equitable sanitation for all and an end to open defecation. Speaking in 2013, then UN Secretary-General Ban Ki-Moon said, “We must break the taboos and make sanitation a global development priority for all.” The UN aims to eradicate open defecation practices by 2025. Ban Ki-Moon added, “By working together and educating people about the importance of toilets and sanitation, we can improve the health and well-being of one-third of the human family.”To celebrate this year’s World Toilet Day, HomeBiogas launched the bio-toilet, a small scale biogas system which converts organic waste into renewable cooking fuel in a user friendly way that does not require a connection to a sewage system or water lines.The bio-toilet is relatively portable and small enough that it can be transported on the back of a moped, making it accessible for remote rural villages and other off-the-grid communities. The bio-toilet also offers a sustainable solution for people in disaster areas. Oshik Efrati, the co-founder of HomeBiogas, said, “The UN Sustainable Development Goals challenged us. We took our solution, the HomeBiogas 2.0, which converts food waste into cooking fuel, and thought about how we could take advantage of that existing technology for the important goal of allowing all humans on earth the right to a decent, safe and clean toilet. We researched the issue for several years.”Efrat elaborated, “We considered all the solutions available today, and visited target populations in Africa and India. For a deeper understanding on the issue, I personally accompanied a woman who travels 2 kilometers/3 miles by foot daily to the desolate wilderness where she defecates. On the long walk there, she explained to me how unhygienic open defecation is and that she and other women sometimes fears for her safety, as they are vulnerable to any passerbys late at night.” Each year, more than 800,000 children under five die from diarrhea, many due to poor sanitation, according to the UN. The UN Economic Commission for Africa last month issued its first report tracking the progress towards the SDG’s for Morocco, Tunisia, Algeria, and Mauritania. The report noted all four of the countries had made significant progress in implementing the SDGs framework into their national and economic development strategies. It also highlighted Morocco’s work in addressing climate change and food security.
Cattle and camels are dying in the region, where dry conditions have been aggravated by recent fighting among various groups over grazing land and water, forcing hundreds of people to leave their homes.FAO is seeking $1.3 million to supply the veterinary drugs, animal feed and water needed to keep the animals alive during the drought. In addition to cattle and camels, rescue efforts will target thousands of breeding goats owned by internally displaced families.
Most actively traded companies on the TSX by The Canadian Press Posted Mar 16, 2017 3:02 pm MDT Last Updated Mar 16, 2017 at 4:20 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (15,562.41, up 41.50 points):Painted Pony Petroleum Ltd. (TSX:PPY). Oil and gas. Down 0.29 cents, or 4.77 per cent, to $5.79 on 8.6 million shares.B2Gold Corp. (TSX:BTO). Miner. Down 0.09 cents, or 2.18 per cent, to $4.03 on 7.4 million shares.Canada Goose. (TSX:GOOS). Manufacturing, apparel and furniture. Up 6.53 cents, or 43.53 per cent, to $21.53 on 7.1 million shares. The Toronto-based company is going public today on stock markets in Toronto and New York. Canada Goose, ubiquitous for its $900 parkas with fur-lined hoods, debuted with an initial public offering of 20 million shares priced at $17 per share under the symbol GOOS. Shortly after markets opened, Canada Goose shares launched at $23.86 on the Toronto Stock Exchange and US$18 in New York. The outerwear manufacturer says of the 20 million subordinate voting shares offered, 12.85 million shares will come from existing shareholders.Kinross Gold Corp. (TSX:K). Miner. Down 0.07 cents, or 1.51 per cent, to $4.57 on 5.7 million shares.Encana Corp. (TSX:ECA). Oil and gas. Down 0.29 cents, or 1.97 per cent, to $14.40 on 5.3 million shares.Yamana Gold Inc. (TSX:YRI). Miner. Up 0.07 of a cent, or 1.89 per cent, to $3.77 on 5.2 million shares.Companies reporting major news:Transat AT Inc. (TSX:TRZ). Travel and leisure. Down 0.09 of a cent, or 1.70 per cent, to $5.20 on 60,017 shares. The Montreal-based travel company says fluctuations in the Canadian dollar and higher fuel costs have hampered its attempts to return to sustainable profits. Transat AT says it had a $32.1 million net loss in its first quarter ended Jan. 31, nearly half of the $61.2 million net loss in the same period a year earlier, which it attributed mostly to a favourable swing in the value of derivatives used to offset the impact of higher fuel prices. However, Transat’s adjusted net loss grew from $30.4 million to $36.0 million as costs rose due to rising fuel prices and the weaker loonie. Revenue dropped by $36.4 million to $689.3 million as the company cut the number of its sun destination packages. Transat’s net loss equalled 87 cents per share and its adjusted loss was 98 cents per share.
“The ASEAN-UN Plan of Action will advance the two major agreements reached last year for people, planet, prosperity, partnership and peace,” Mr. Ban said in his opening remarks at the 8th ASEAN-UN Summit in Vientiane, the capital of the Lao People’s Democratic Republic (Lao PDR), referring to the 2030 Agenda and its Sustainable Development Goals (SDGs) as well at the Paris Agreement on climate change. “Now we need the resources to put this plan into action,” he added. On 1 January 2016, the 17 SDGs of the 2030 Agenda for Sustainable Development — adopted by world leaders in September last year – officially came into force. Over the next fifteen years, with the aim of achieving the SDGs, countries will mobilize efforts to end all forms of poverty, fight inequalities and tackle climate change, while ensuring that no one is left behind.If nine more ASEAN countries ratify, we will have just 19 more countries to go.In his remarks, the UN chief highlighted that the ASEAN-UN Plan of Action provides an opportunity to promote the complementarity of ASEAN’s Community Vision 2025 with the 2030 Agenda. He further encouraged ASEAN leaders to establish a coordinating mechanism, under their direct leadership, to ensure the implementation of the SDGs in their respective countries. Secretary-General and Mrs. Ban attend Gala Dinner Secretary-General Ban Ki-moon and Mrs. Ban attend Gala Dinner hosted by H.E. Mr. Thongloun Sisoulith, Prime Minister of the Lao People’s Democratic Republic and Chairman of ASEAN 2016 and Madame Naly Sisoulith. UN Photo/Eskinder Debebe Secretary-General Ban Ki-moon at 8th ASEAN-UN Summit Secretary-General Ban Ki-moon (left at table) addresses the eighth summit between the Association of Southeast Asian Nations and the United Nations (ASEAN-UN Summit), in Vientiane, Lao People’s Democratic Republic. UN Photo/Eskinder Debebe ‹ › Turning to the Paris Agreement, Mr. Ban thanked the Lao PDR, which also holds the 2016 ASEAN chair, for depositing its instrument of ratification – thus becoming the first ASEAN country to do so. He called on other ASEAN leaders to follow suit and ratify the Paris Agreement at the earliest possible moment. “We need 28 more countries to ratify, accounting for a further 16 per cent of greenhouse gas emissions, to bring this agreement into force,” said the Secretary-General. “If nine more ASEAN countries ratify, we will have just 19 more countries to go.” Underscoring that both the Paris Agreement and the 2030 Agenda were founded on respect for human rights and democracy, Mr. Ban encouraged the gathered leaders to work for equality, inclusivity and accountability in their governments and societies. “We must now explore ways to mainstream human rights across all areas of the ASEAN-UN partnership,” he said. Concluding his remarks, Mr. Ban congratulated Lao PDR for the launch of its own national sustainable development goal, centred on the removal of unexploded ordnance, and recalled his visit to a local school training people in demining and his visit to a community-based drug treatment centre in the capital, supported by the UN Office on Drugs and Crime (UNODC). The Secretary-General is currently in Lao PDR as part of a wider visit to Asia, which included visiting Singapore and China, in addition to attending the ASEAN-UN Summit and related meetings. Earlier today, the UN chief also met the Lao PDR’s President Bounnhang Vorachith, as well as Prime Minister Thongloun Sisoulith. In those encounters, Mr. Ban congratulated the country on its leadership of ASEAN and welcomed its ratification of the Paris Agreement on Climate Change. Also today, the Secretary-General attended the launch of the UN-Lao PDR Partnership Framework which includes 21 UN agencies supporting the country with a combined annual budget of $80 million for technical cooperation. Speaking at the launch, Mr. Ban highlighted that the UN team will focus its programmes on supporting the country in its efforts to help the most vulnerable: poor children and young people; women in remote rural areas; people from disadvantaged ethnic groups; and people with disabilities. Feeding a growing population Secretary-General Ban Ki-moon and Mrs. Ban attend Gala Dinner hosted by H.E. Mr. Thongloun Sisoulith, Prime Minister of the Lao People’s Democratic Republic and Chairman of ASEAN 2016 and Madame Naly Sisoulith. UN Photo/Eskinder Debebe
Solving for XX Now playing: Watch this: Tech Industry Share your voice See All Oracle is accused of shorting women and minorities out of $400 million in wages. Justin Sullivan/Getty Images Oracle engaged in systematic discrimination that shorted female and minority employees more than $400 million in wages, according to a new legal filing by US Department of Labor. The complaint alleges that Oracle discriminates against women and people of color at the company by starting them at low-level jobs and low initial pay. It also accuses Oracle of “channeling” these employees into lower-paying careers at the business software maker. “Oracle suppressed starting salaries for its female and non-White employees, assigned them to lower level positions and depressed their wages over the years they worked at Oracle,” the Labor Department said in its lawsuit Tuesday. In addition, the lawsuit alleges that Oracle has a strong preference for hiring Asians who are recent college graduates, saying that about 90 percent of the company’s 500 college and university hires made between 2013 and 2016 were Asian. It alleges as well that Oracle prefers to hire visa-holding Asians who recently graduated college, a preference the Labor Department says “lends itself to suppression of that workforce’s wages.” Oracle called the lawsuit “meritless” and said it was in compliance with its regulatory obligations. “This meritless lawsuit is based on false allegations and a seriously flawed process within the OFCCP that relies on cherry picked statistics rather than reality,” Oracle General Counsel Dorian Daley said in a statement Wednesday. “We fiercely disagree with the spurious claims and will continue in the process to prove them false. “We are in compliance with our regulatory obligations, committed to equality, and proud of our employees,” Daley said. reading • Oracle accused of underpaying women, minorities by $400 million The pay gap is one of many diversity issues confronting companies in the tech industry. Silicon Valley has faced tough questions about the treatment of women and minorities, and the industry continues to struggle with recruitment, retention and promotion. On average, 30 percent of the tech industry workforce is female, but studies indicate that more diverse teams, in terms of gender and race, show greater creativity and experimentation — and get better results. The lawsuit stems from a 2014 audit conducted by the Labor Department’s Office of Federal Contract Compliance Programs. That office, which is responsible for ensuring that companies doing business with the federal government comply with equal pay and other nondiscrimination requirements, filed a similar lawsuit against Oracle in 2017. The complaint goes on to accuse Oracle of not cooperating with the investigation and says it “destroyed records relating to its hiring process as the case was ongoing.” Originally published Jan. 22 at 4:07 p.m. PT Updated Jan. 23 at 3:50 p.m. with Oracle statement. Crowd Control: A crowdsourced science fiction novel written by CNET readers. Solving for XX: The tech industry seeks to overcome outdated ideas about “women in tech.” Facebook is putting women on the front line of its war… 4:06 Solving for XX Aug 22 • Women in tech face discrimination at the intern level too, says survey Tags May 27 • Melinda Gates says US is ‘a long way from equality’ for women 4 Comments Apr 24 • Facial recognition errors are bad for business: Most of us aren’t white men Jun 20 • NASA engineer tells women in STEM: Don’t be hidden figures • Oracle
New Delhi: Singh & Associates’ (S&A) Founding Partner, Manoj K Singh, was recognized and awarded with ‘Special Recognition for Service to the Legal Profession’ at Achiever’s Awards 2019 organised by Legal League Consulting held at Taj Mansingh, New Delhi, India. He was felicitated for his support to the legal profession. Mr. Singh is a successful commercial disputes resolution lawyer and has been participating in and taking steps to augment the legal profession. The award was presented by Justice Dipak Misra, Former Chief Justice of India, who was also the Chief Guest of the summit and by Ms Bina Modi Board Director, Godfrey Phillips India Limited. Also Read – Shah urges women to shun plastic bags Advertise With Us The one-day Summit theme was based on India Ahead: Leading the New Age Economics Law (Focussing on Innovation, Investment and Impact) which included the panel discussions with eminent panellists/speakers from the corporate world and legal industry. The summit culminated with Achiever’s Award 2019 recognizing those who have made a positive impact on the growth of & in the legal profession. Also Read – Free bus travel for women gets Cabinet nod Advertise With Us The event saw the presence of Dr. Lalit Bhasin, President of Society of Indian Law Firms (SILF) and President of Bar Association of India, Bina Modi, Board Director, Godfrey Phillips India Limited, Bithika Anand Founder & CEO, Legal League and other dignitaries from the legal industry. Elated to receive the felicitation, Mr. Manoj K Singh, Founding Partner, S&A, said, “I am very glad to receive this prestigious award and feel privileged to be recognized in the legal profession. This award is an excellent morale-booster to continue serving the Legal Profession”.
Police in a special anti-militancy drive arrested 90 people in Jessore district from Wednesday night to Thursday noon, reports news agency UNB.During the drive, two bombs and two jihadi books were also recovered.Jessore Police Super Anisur Rahman said as part of anti-militancy drive in Khulna, police arrested 90 people in Jessore within 24 hours.Of them, Kotwali police arrested 27 people, Manirampur police 12, Sharsha 11, Jhikargachha nine, Chaugachha eight, Benapole seven, Keshabpur seven, Abhaynagar four and Bagherpara police arrested five people.The arrestees were sent to the court on Thursday noon.
RUET logoAt least eight students of Rajshahi University of Engineering and Technology (RUET) were injured in a clash between two factions of Bangladesh Chhatra League at Shaheed Abdul Hamid Hall early Friday, reports UNB.Supporters of BCL RUET unit president Nayeem Rahman Nibir and general secretary Mahfuzur Rahman Tapu locked into the fight around 11.30pm over establishing their supremacy on the campus, said Shahadat Hossain, officer-in-charge of Motihar Police Station.Three bombs were exploded during the fight, leaving the eight students injured, said Shafiqul Islam Shafi, sub-inspector and also in-charge of Rajshahi Medical College Hospital (RMCH) police outpost.On information, police rushed to the hall around 12:15am on Friday and brought the situation under control, said the OC.Meanwhile, BCL central committee suspended its RUET unit and issued a show-cause notice against its president Nayeem and general secretary Tapu.Additional police have been deployed on the campus to fend off further trouble.
Doctors recently discovered rat lungworm in Chinese red-headed centipedes after two people became ill from eating them raw. Centipede Photo: Yasunori KoideWhen the 78 year old woman arrived at the hospital, it was clear something was wrong. She’d been suffering from headaches and been in a drowsy fog for weeks. So doctors checked her cerebral spinal fluid, and found it was cloudy and yellow instead of clear. It was brimming with white blood cells, indicating an infection. This, alongside a positive antibody test, led to a diagnosis of angiostrongyliasis—an infestation of the parasite rat lungworm (Angiostrongylus cantonensis).As the name implies, rat lungworms usually set up shop in rat pulmonary arteries. But their complex lifecycle involves spending time in an intermediate host like a snail before making a home inside a rodent. If we happen to eat that infected host before a rat does, they can end up inside us instead, where they can get lost and cause serious infections in other places. The parasites are most dangerous when they make their way into the brain, causing swelling and inflammation—like the woman was experiencing. But the woman hadn’t been eating snails.A few weeks later, her 46 year old son was also admitted, and he, too, was diagnosed with angiostrongyliasis. Both were cured after a few weeks on an antiparasitic and steroid. But the question remained as to how they became infected—he wasn’t eating snails, either. But, it turned out, both he and his mother had been consuming raw centipedes from a local market. And that led the doctors to question: could centipedes also carry rat lungworm?The answer, they discovered, is yes.There’s no reason to initially suspect centipedes would host rat lungworm. The parasites use mollusks as intermediate hosts, and they develop from their first larval form into third stage larvae (the ones that infect us) in them exclusively. Centipedes aren’t even remotely closely related to the snails and slugs the worms usually target, and most parasites are pretty particular about their hosts. Things that live in mollusks don’t usually survive in arthropods, and vice versa.The rat lungworm lifecycle and how it can infect us. Figure from Spratt 2015But, the worms can at least live for a little while in other species—some infections in the past have occurred from eating prawns and other animals that live around the worms’ usual hosts, which led scientists to conclude lots of species can serve as substitute or paratenic hosts. A worm doesn’t develop further in these less-than-ideal hosts, so it has to be already third stage, but it doesn’t die either. And it can still be passed on to its final host if the substitute host is consumed. So it’s possible that centipedes could also act as substitute hosts. Or they could even be true intermediate hosts—until now, no one thought to look.That’s in part because human infestations of rat lungworm often occur when people eat unwashed vegetables, thus inadvertently consuming small snails or slugs hosting the worms raw—and accidental centipede ingestion isn’t really a thing. It’s pretty hard to overlook a finger-sized centipede on your lettuce leaf.You might intentionally eat a centipede, of course. While centipedes aren’t common fare for most in the Western world, they are frequently served as street food or in soups in Chinese and other Asian cultures. They’re also dried and powdered for Chinese medicine. But however they’re prepared, they’re usually cooked—which kills the parasite. “We don’t typically hear of people eating raw centipedes, but apparently these two patients believed that raw centipedes would be good for their health,” explained Lingli Lu, who works in the Department of Neurology in Zhujiang Hospital, in a press release.[embedded content]But it’s one thing to suggest the centipedes were the source, and another to confirm it. The researchers wanted to detect the parasites inside the centipedes directly. So they bought 20 centipedes from the same market in Guangzhou where the family had purchased theirs (animals that were locally caught in China’s Guangxi Province). They then examined the centipedes carefully before mashing them up for DNA extraction. Since the parasites are tiny and hard to identify to species visually, they used DNA analysis to get a clearer positive or negative result.And they found them. An average of 56 larvae were found per centipede, and rat lungworm DNA specifically was detected in 7 of the 20 centipedes they’d purchased.Still, the team wasn’t sure if the larvae had ended up there because the centipedes ate an infected snail (thus serving as substitute hosts), or whether the centipedes themselves were serving as intermediate hosts. They tried to infect centipedes with first stage larvae to find out, but all the centipedes died. While that doesn’t make it seem likely they’re intermediate hosts, it’s also possible the experiment didn’t perfectly mimic a wild infection, so the question is still open.Unfortunately, the test doesn’t tell us how long they can serve as substitute hosts, even if they aren’t true intermediate ones—which makes it difficult to understand how centipedes might fit into the larger picture of the parasites lifecycle or affect our risk of infection. While rat lungworm is native to Asia, it’s made its way around the world, and has become a big problem in places like Africa, Hawaii, the Caribbean, and most recently, the southern United States (especially Louisiana and Florida). And of course, these areas are also home to centipedes—pretty much everywhere somewhat warm is—so it’d be really great for future research to get a better understanding of how these animals interact with rat lungworms.But, given the team’s findings, it seems that regardless of how they end up with third stage larvae inside them, centipedes are quite capable of transmitting the worms to us. So, moral of the story: don’t go around eating raw centipedes…. Toast them up nicely first.Bon apetit! Photo Credit: Denise ChanCitation: Wang et al. 2018. Eating centipedes can result in Angiostrongylus cantonensis infection: two case reports and pathogen investigation. Am J Trop Med Hyg, online early. DOI:10.4269/ajtmh.18-0151
Siemens Go.Top CT scanner at SCCT19Video Player is loading.Play VideoPlayMuteCurrent Time 0:00/Duration 1:05Loaded: 15.14%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:05 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button. News | Mammography | August 14, 2019 Imago Systems Announces Collaboration With Mayo Clinic for Breast Imaging Image visualization company Imago Systems announced it has signed a know-how license with Mayo Clinic. The multi-year… read more March 21, 2019 — Using data from computed tomography (CT) images, researchers may be able to predict which lung cancer patients will respond to chemotherapy, according to a new study published in the journal Radiology: Artificial Intelligence.1Platinum-based chemotherapy is typically the first-line treatment of advanced-stage non–small cell lung cancer (NSCLC). However, only about one in four patients responds well to this treatment. Currently, there is no way to predict which patients will benefit most from chemotherapy.CT exams are routinely used for tumor staging and monitoring treatment response. Using a field of study called radiomics, researchers can extract quantitative, or measurable, data from CT images that can reveal disease characteristics not visible in the images alone.“Our aim in this study was to determine whether an early prediction of response to chemotherapy is possible by using computer-extracted measurements of patterns both within and outside the lung nodule, along with the shape of the nodule, on baseline CT scans,” said Mohammadhadi Khorrami, M.S., a Ph.D. candidate from the Department of Biomedical Engineering, Case Western Reserve University School of Engineering in Cleveland, Ohio, who, along with Monica Khunger, M.D., from the Department of Internal Medicine at Cleveland Clinic, led the study.The researchers set out to identify the role of radiomic texture features — both within and around the lung tumor — in predicting time to progression and overall survival, as well as response to chemotherapy in patients with NSCLC.“This is the first study to demonstrate that computer-extracted patterns of heterogeneity, or diversity, from outside the tumor were predictive of response to chemotherapy,” Khunger said. “This is very critical because it could allow for predicting in advance of therapy which patients with lung cancer are likely to respond or not. This, in turn, could help identify patients who are likely to not respond to chemotherapy for alternative therapies such as radiation or immunotherapy.”They analyzed data from 125 patients who had been treated with pemetrexed-based platinum doublet chemotherapy at Cleveland Clinic. The patients were divided randomly into two sets, with an equal number of responders and non-responders in the training set. The training set comprised 53 patients with NSCLC, and the validation set comprised 72 patients.A computer analyzed the CT images of lung cancer to identify unique patterns of heterogeneity both inside and outside the tumor. These patterns were then compared between CT scans of patients who did and did not respond to chemotherapy. These feature patterns were then used to train a machine learning classifier to identify the likelihood that a lung cancer patient would respond to chemotherapy.“When we looked at patterns inside the tumor, we got an accuracy of 0.68. But when we looked inside and outside, the accuracy went up to 0.77,” Khorrami said.The results showed that the radiomic features derived from within the tumor and the area around the tumor were able to distinguish patients who responded to chemotherapy from those who did not. In addition, the radiomic features predicted time to progression and overall survival.“Despite the large number of studies in the CT-radiomics space, the immediate surrounding tumor area, or the peritumoral region, has remained relatively unexplored,” Khorrami said. “Our results showed clear evidence of the role of peritumoral texture patterns in predicting response and time to progression after chemotherapy.”Although the researchers did not explicitly study the basis for the identified radiomic features around the tumor, they hypothesize that these patterns reflect increased fibrotic content in chemotherapy-compliant tumors.According to Khorrami, the radiomic data derived from CT images can also potentially help identify those patients who are at elevated risk for recurrence and who might benefit from more intensive observation and follow-up.Watch the VIDEO: Application of Radiomics Imaging Technology in Radiation TherapyFor more information: www.pubs.rsna.org/journal/aiReference1. Khorrami M., Khunger M., Zagouras A., et al. Combination of Peri- and Intratumoral Radiomic Features on Baseline CT Scans Predicts Response to Chemotherapy in Lung Adenocarcinoma. Radiology, March 20, 2019. https://doi.org/10.1148/ryai.2019180012 FacebookTwitterLinkedInPrint分享 News | Artificial Intelligence | August 13, 2019 Artificial Intelligence Could Yield More Accurate Breast Cancer Diagnoses University of California Los Angeles (UCLA) researchers have developed an artificial intelligence (AI) system that… read more Related Content The CT scanner might not come with protocols that are adequate for each hospital situation, so at Phoenix Children’s Hospital they designed their own protocols, said Dianna Bardo, M.D., director of body MR and co-director of the 3D Innovation Lab at Phoenix Children’s. Videos | CT Angiography (CTA) | August 07, 2019 VIDEO: Walk Around of a GE Cardiographe Dedicated Cardiac CT Scanner This is a quick walk around of the GE Healthcare Cardiographe dedicated cardiac CT system on display at the… read more News | Radiomics | March 21, 2019 Researchers Use Radiomics to Predict Who Will Benefit from Chemotherapy Computer identifies patterns both in and outside lung tumors to predict chemotherapy benefit News | Colonoscopy Systems | August 06, 2019 Rise in Early Onset Colorectal Cancer Not Aligned With Screening Trends A new study finds that trends in colonoscopy rates did not fully align with the increase in colorectal cancer (CRC) in… read more News | Breast Imaging | August 02, 2019 Volpara to Distribute Screenpoint Medical’s Transpara AI Solution Volpara Solutions and ScreenPoint Medical BV signed an agreement under which Volpara will sell ScreenPoint’s Transpara… read more Video Player is loading.GE Cardiographe cardiac CT scanner at SCCT19Play VideoPlayMuteCurrent Time 0:00/Duration 0:38Loaded: 26.15%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:38 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button. News | CT Angiography (CTA) | August 06, 2019 Artificial Intelligence Improves Heart Attack Risk Assessment When used with a common heart scan, machine learning, a type of artificial intelligence (AI), does better than… read more Image courtesy of Imago Systems News | Artificial Intelligence | August 05, 2019 Montefiore Nyack Hospital Uses Aidoc AI to Spot Urgent Conditions Faster Montefiore Nyack Hospital, an acute care hospital in Rockland County, N.Y., announced it is utilizing artificial… read more Videos | CT Angiography (CTA) | August 07, 2019 VIDEO: Walk Around of a Siemens Go.Top Dedicated Cardiac Scanner This is a quick walk around of the new Siemens Somatom Go.top cardiovascular edition compact computed tomography (CT) read more Sponsored Content | Case Study | Radiation Dose Management | August 13, 2019 The Challenge of Pediatric Radiation Dose Management Radiation dose management is central to child patient safety. Medical imaging plays an increasing role in the accurate… read more Video Player is loading.Mark Ibrahim explains what EPs need from CT imagingPlay VideoPlayMuteCurrent Time 0:00/Duration 5:23Loaded: 3.08%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -5:23 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button. Videos | Cardiac Imaging | July 30, 2019 VIDEOS | EP LAB | JULY 26, 2019 VIDEO: What Electrophysiologists Need From CT Imaging Prior to AF and VT Ablations Mark Ibrahim, M.D., F read more
Last year, the US Commerce Department issued a notice named advance notice of proposed rulemaking (ANPRM) that lists some emerging technologies on which export controls will be employed. The list includes fourteen categories including AI, quantum computing, robotics, advanced materials, and advanced surveillance technologies, among others. This notice called for public opinion on the criteria according to which these emerging technologies will be identified that are essential to U.S. national security. The public was requested to submit their comments on or before December 19, 2018, which is now extended to January 10, 2019. After identifying an emerging or foundational technology based on public comments, the Commerce Department will be authorized under the Export Control Reform Act (ECRA) of 2018 to establish “appropriate controls” on “emerging and foundational technologies”. Will employing export rules on emerging technologies be successful? A technology policy researcher at the Massachusetts Institute of Technology, R. David Edelman believes that it is nearly impossible to classify technologies in two categories: military or commercial. He told to the New York Times, “trying to draw a line between what is military and what is commercial is exceedingly difficult. It may be impossible.” Another point to note here is that the research on these ever dynamic technologies is often done by scientists and engineers collaboratively all over the world, so we cannot really claim that the product is entirely developed by America. Also, companies and other researchers working on these technologies open source their work in hopes that some other researcher will be able to further develop the tool or technology. This is why policy experts believe that these US restrictions will have very little effect on the progress of AI in China and other countries. The government is unlikely to restrict companies and universities from publishing results of their AI research. But Greg Jaeger, a lawyer at the law firm Stroock & Stroock & Lavan who deals with export controls told NYT that the government could restrict foreign access to that information. One of the Hacker News readers wondered, “I’m curious how export restrictions would affect open source projects like Tensorflow and PyTorch. Would they be forced to become closed source? Could the license just include a disclaimer: “You’re not allowed to use this if you’re in one of the following countries: …”? Would sites like Gitlab and Github be forced to implement per-repo geoblocking? Could they somehow be moved to ownership by a non-American entity that wasn’t subject to such code? Does a US citizen contributing to a non-US open source ML project constitute a breach of export controls?”. They could also put control over the export of cloud-computing technology and computer chips related to artificial intelligence. These restrictive rules can prevent researchers from other countries from working on certain technologies in the US. They would rather choose other countries such as Europe. “It might be easier for people to just do this stuff in Europe,” said Jason Waite, a lawyer with the firm Alston & Bird who specializes in international trade, in the NYT interview. Read Next Patreon speaks out against the protests over its banning Sargon of Akkad for violating its rules on hate speech Mozilla v. FCC: Mozilla challenges FCC’s elimination of net neutrality protection rules Twitter prepares for mid-term US elections, with stronger rules and enforcement approach to fight against fake accounts and other malpractices
<< Previous PostNext Post >> Celebrity Edge sails home to T25 following first transatlantic journey Tags: Celebrity Cruises, New Ship Travelweek Group Tuesday, November 20, 2018 MIAMI – Celebrity Cruises’ new ship, Celebrity Edge, was greeted with much fanfare yesterday as it arrived at Port Everglades’ Terminal 25 following its first-ever transatlantic crossing.More than 1,400 crew members stood on the decks as the ship entered the channel for the first time, waving to a sea of shoreside colleagues who gathered to welcome the Edge to its new home.Celebrity Edge is the cruise line’s first new ship in six years, and the first of a new class in more than a decade.“The arrival of Celebrity Edge today bookends a major chapter in the growth of Celebrity Cruises,” said Richard D. Fain, Chairman and CEO of parent company Royal Caribbean Cruises Ltd. “It’s the culmination of years of dreaming, designing and dedication to bring this magnificent ship to life. A new era is truly upon us.”After the ship’s arrival at T25, Lisa Lutoff-Perlo, President and CEO of Celebrity Cruises hosted a grand opening ceremony in the new terminal. Attended by brand executive and Broward County and City of Hollywood officials, the ribbon-cutting ceremony marked the official grand opening of the first terminal designed exclusively for the Celebrity brand.More news: Beep, beep! Transat hits the streets with Cubamania truckT25 features cutting-edge technology such as Expedited Arrival, which will make the check-in process seamless, as well as an interactive light wall art installation. It will also offer The Retreat guests an exclusive lounge called The Retreat featuring elevator lobbies, screening areas and a private rooftop terrace.While on its 4,000-mile transatlantic voyage from the Chantiers de l’Atlantique shipyard in Saint-Nazaire, France, Celebrity Edge carried more than 1,400 crew members onboard and visited ports in both Azores, Portugal and Freeport, Bahamas.It will begin its inaugural season with alternating seven-night eastern and western Caribbean cruises, with its Maiden Western Caribbean voyage departing on Dec. 9, 2018, and its Maiden Eastern Caribbean voyage departing on Dec. 16, 2018. Then, in spring 2019, the ship will cross the Atlantic again to offer a range of seven- to 11-night Mediterranean sailings that visit Barcelona, Rome and more.Calling the completion of its first-ever transatlantic crossing a “historic moment” for Celebrity Cruises, Lutoff-Perlo also added: “This has been more than four years in the making. The collaboration and effort between teams across the world all comes together in this incredible moment. I can think of no better place to be than with Captain Costas and the crew of Celebrity Edge knowing that we are sailing into the future, literally and figuratively, with this beautiful ship.”More news: Can you guess the top Instagrammed wedding locations in the world?Bookings for Celebrity Edge are now open. Celebrity Edge will be joined by its sister ship, Celebrity Apex, in 2020, and two additional ships in the Edge Series will following in 2021 and 2022. Share Posted by
New,loanDepot Announces New Chief Marketing Officer in Data, Government, Origination, Secondary Market, Servicing “”loanDepot.com””:http://www.loandepot.com/Default.aspx, based in Foothill Ranch, California, added Teri Felix to its executive leadership team. Felix joins the company as EVP and chief marketing officer.[IMAGE][COLUMN_BREAK]Felix’s background includes 15 years with Charles Schwab & Co., Inc., where she was part of the founding team that started and grew the firm’s online brokerage business. While there, she held a number of leadership positions, including heading up database marketing and advanced analytics. She also led marketing for both Schwab’s Retail Enterprise and Institutional Enterprise.Felix most recently served as EVP and chief marketing officer for Home Value Protection, leading marketing efforts for consumer and business-to-business channels. She has also held roles at Autodesk and GTE Telecommunications.””We’re assembling a best-in-class executive team to ensure we deliver a great value mortgage product and superior customer service,”” said CEO and founder Anthony Hsieh. “”loanDepot has experienced significant growth since the doors opened in 2010. With her 20 years of marketing experience, Teri will play a vital role in supporting the continued growth of the company.”” Share Agents & Brokers Attorneys & Title Companies Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2013-04-25 Tory Barringer April 25, 2013 412 Views
A Philadephia-based real estate developer and mortgage lender announced the launch of what he hopes will become “”the YouTube for homebuyers.””[IMAGE]Joe Jesuele is the creative mind behind “”HomeJab.com””:http://www.homejab.com/index.php, a new online service that helps real estate professionals deliver quality property video tours to potential buyers. HomeJab.com takes a two-pronged approach to its goal.For real estate professionals, the website’s team produces a high definition video tour at a set price. In addition to posting the finished video at HomeJab.com, the team assists clients in promoting the video virally, utilizing social media channels and other video sites as well as [COLUMN_BREAK]custom email campaigns. Videos can also be embedded into website listings and can be tracked to help agents understand current trends.For buyers, HomeJab.com features user-friendly search functions and a growing database of properties that currently includes properties in the Philadelphia region. The videos provide shoppers with a feel for the layout, size, and space of each home and link directly to a property page with further specifics on the listing and the agent to contact.Pointing to the rapid growth of Internet video as a medium for communication, Jesuele believes it’s only natural that the use of video marketing would expand into home shopping.””We believe that videos will soon become the standard way to buy and sell real estate,”” he said. “”Our videos give potential buyers the feeling that they are actually walking through the house. This not only saves buyers time, but provides them the convenience of shopping for a new home from the comfort of their current one.””””It’s a unique aspect, to be able to see the inside of the house before actually getting to it,”” said Emily Nussbaum, marketing manager for Keller Williams. “”You know when someone has already seen the video that when they actually show up at the house they are a more qualified buyer.”” in Data, Government, Origination, Secondary Market, Servicing Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2013-05-02 Tory Barringer May 2, 2013 480 Views Philadelphia Developer Launches Home Tour Video Site Share
Some borrowers could interpret Estia handout as a reason to stop paying loansBy George PsyllidesDespite tightening the eligibility criteria of a subsidy scheme for non-performing loans backed by primary residences, there are still concerns about moral hazard and fairness in the Estia scheme, according to a post bailout programme surveillance report published on Friday.The report on the findings of the fifth post-programme surveillance mission of the European Commission and the European Central Bank, in general said it was essential for Cyprus to maintain budgetary surpluses so as to ensure a steady decline of its sizable public debt.The Commission and the ECB warned that despite the amendments to the eligibility criteria of Estia, a subsidy scheme for NPLs backed with primary residence, “there are still concerns about moral hazard and fairness, in particular concerning potential strategic defaulters.“The proposed Estia scheme raised a number of concerns. First, it rewards borrowers for non-payment in the past. Second, some borrowers with sufficient wealth to cover their past-due loans might be eligible. Third, the scheme did not distinguish between households with different incomes. Fourth, a similar temporary scheme was introduced in 2016, undermining the credibility of the claim that the current scheme is one-off,” the report said.“Putting these together, there is a concern that certain borrowers may interpret the introduction of such a generous scheme as a reason to stop paying, or continue not paying (i.e. moral hazard).”To further mitigate such concerns, it was crucial that the foreclosure procedure was promptly initiated upon re-default under the scheme and towards the remaining defaulted borrowers outside the scheme, the report said.On the other hand, it added that the introduction of such a scheme was seen by both the authorities and the banks as instrumental to increasing banks access to the borrowers’ information, as the applicants will have to disclose their wealth and income position, and allow banks to enforce their payment claims by making use of the foreclosure procedure and by overcoming stigma issues, and also ultimately helping Cypriot banks with NPLs resolution.According to the general findings of the report, public finances have performed remarkably so far in 2018, but the adverse fiscal impact of the sale of the Cyprus Cooperative Bank (CCB) is not yet fully established.The Commission autumn forecast projects an increase of the general government surplus to 2.8 per cent of gross domestic product (GDP) in 2018, excluding any potential deficit-increasing impact from the banking support measures related to the CCB sale.The strong fiscal position reflects the better-than-expected collection of revenue and the prudent expenditure management in the first eight months of 2018.“However, the public support measures for the sale and orderly winding down of CCB have resulted in a projected increase in the country’s public debt to 105 per cent of GDP in 2018, and the government’s exposure to explicit contingent liabilities (namely asset protection schemes) has increased,” the report said.“It is essential to safeguard budgetary surpluses to ensure a steady decline in the very high level of public debt. Although public debt is expected to resume its declining path as of next year, it would remain one of the highest in the euro area.”Continuation of prudent expenditure management remains essential, the report said, particularly in view of the cyclical nature of tax revenues and the uncertainties surrounding the potential fiscal impact of the healthcare reform.The sale of the publicly-owned CCB, formerly the second largest bank in the country and burdened by very high NPLs to Hellenic Bank was a major step in stabilising and consolidating the banking sector, the report said.The CCB sale has put the banking sector on a sounder footing and was an important driver behind the return of Cyprus’ sovereign credit rating to investment grade for the first time since 2012.With the sale, around one-third of NPLs, or €5.7bn were removed from the banking sector and transferred to the publicly-owned residual entity of the CCB.The sector however, continued to face considerable challenges with an NPL ration at around 31 per cent of total loans, still one of the highest in the EU.The NPLs from the residual entity will continue to weigh on the economy, even though they are out of the banking system, as the private sector remains heavily indebted.“Therefore, it is essential to adopt an appropriate governance framework and management structure for the CCB residual entity in order to maximise recoveries and the recuperation of public funds.”You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLuxury Crossover SUV I Search AdsThese SUVs Are The Cream Of The Crop. Search For 2019 Luxury Crossover SUV DealsLuxury Crossover SUV I Search AdsUndoPlarium I Vikings: Free Online GamePlay this for 1 minute and see why everyone is addictedPlarium I Vikings: Free Online GameUndo Turkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoConcern over falling tourism numbersUndoAuthorities release five of 12 Israeli rape suspects, seven due in court FridayUndoby Taboolaby Taboola