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Showing posts from January, 2020

London firm offers taste of cannabis fund to investors

A London-based firm is offering investors a slice of the cannabis market – but interested locals may have to wait for it to be passed along.JPD Capital this week launched a fund that backs offshore growers of medicinal cannabis, targeting assets of £100m (€90.2m) by the end of the year.It’s so far raised about £35m from mainly overseas investors, because a catch-all piece of UK legislation means any British participants could be breaching the law.“We haven’t got time to wait for the licensing process to come into the UK,” JPD founder and chief executive officer Jon-Paul Doran said in an interview in London. “For now, I believe it’s a closed market.”Please log in or register with Independent.ie for free access to this article.Log InNew to Independent.ie? Create an accountJPD hopes to draw global investors who’d rather back private firms instead of the likes of US and Canadian cannabis stocks that underperformed last year. Cannabis-related listings in the UK have been rare, and small i…

'We're committed to Huawei, they have been a good supplier'

Eir’s CEO, Carolan Lennon, has a new tattoo. It’s a permanent stencil of a horse’s head, visible just above her wrist. “I started learning how to ride horses last May and I’m absolutely loving it,” she says. “So I got a little horse’s head tattoo right here.”Lennon’s freshly inked art is unveiled in a significant week for Eir. Although its corporate results aren’t due until next month, the former state monopoly has some figures which suggest the company is now unrecognisable from the administrative entity that used to stagger from corporate flip to corporate flip.It raced to 100,000 new GoMo mobile customers in a matter of weeks after promising a lifetime tariff of €10 per month for a high-data, high-calls package.It is approaching half a million ‘passed’ fibre-to-the-home premises and is promising another million, mostly in the previously untouchable cable broadband hinterland of Virgin Media.Please log in or register with Independent.ie for free access to this article.Log InNew to …

Seniors deal with the harsh reality of debt

NEW YORK(Reuters) – Allen Lomax knows how retirement is supposed to go: By your golden years, you should have paid off your house, built up a big pot of savings, and be able to face the years ahead without fear.The future is not quite shaping up like that for him.Decades ago, the 69-year-old from Sylva, North Carolina took out about $130,000 in federal loans for grad school. His hopes of eventually wiping that bill clean were dashed when he lost his well-paying job in his late 50s; the debt ballooned to $170,000, and stayed with him even after he declared bankruptcy.Now semi-retired and on Social Security, “there’s no way that money will be ever be repaid,” Lomax said.Lomax is hardly alone in his plight of being past 50 and in a deep financial hole.The median debt for older Americans shot up 400% between 1989 and 2016, according to the Federal Reserve. But you do not often hear about it, perhaps because of emotional factors like shame and embarrassment.Paying off debt is a financial p…

Mapletree Logistics Trust plans $272.5m acquisition of Japan facility

SINGAPORE (THE BUSINESS TIMES) – Mapletree Logistics Trust (MLT) is looking to acquire an effective interest of 98.47 per cent in a freehold logistics property in Kobe, Japan, for some 22.2 billion yen (S$272.5 million), its manager said on Tuesday morning (Jan 28).The property – Mapletree Kobe Logistics Centre – is a four-storey logistics facility located in an established logistics cluster in the city. It has Grade A specifications and is 99.7 per cent occupied by seven tenants.The property has an agreed value of 22.2 billion yen, which took into acount two independent valuations of the property as at Dec 1, and the highest bid in a competitive bid process.The manager intends to fully fund the proposed acquisition through a drawdown of Japanese yen debt facilities and an issuance of onshore Japanese yen bonds, as well as through issuing acquisition fee units.The total cost of the proposed acquisition is estimated to be around $272.5 million, comprising the effective consideration of…

Two satellites could crash into each other TONIGHT creating ‘dangerous' debris field

TWO satellites will make a nerve-shredding close approach to one another this evening, scientists have warned.The high-speed space contraptions will meet 560 miles above Earth's surface and come within 50 feet of one another.Satellite trackers say that IRAS – a dead space telescope – and the defunct science probe GGSE-4 have a one in 100 chance of colliding.A crash would spray dangerous space debris across Earth's orbit that could damage other satellites."This is a really, really close encounter," space expert Professor Alice Gorman, of Flinders University in Australia, told ScienceAlert."And if this does actually come to pass, there's potentially a large amount of debris that will be created."I would say this is one of one of the most dangerous possible collisions that we've seen for some time."According to data from LeoLabs, a site that tracks the position of satellites, the spacecraft will pass at 11:39pm GMT on Wednesday.They're predict…

Two satellites could crash into each other TOMORROW creating 'dangerous debris field'

TWO satellites will make a nerve-shredding close approach to one another tomorrow, scientists have warned.The high-speed space contraptions will meet 560 miles above Earth's surface and come within 15 metres of one another.Satellite trackers say that IRAS – a dead space telescope – and the defunct science probe GGSE-4 have a one in 100 chance of colliding.A crash would spray dangerous space debris across Earth's orbit that could damage other satellites."This is a really, really close encounter," space expert Professor Alice Gorman, of Flinders University in Australia, told ScienceAlert."And if this does actually come to pass, there's potentially a large amount of debris that will be created."I would say this is one of one of the most dangerous possible collisions that we've seen for some time."According to data from LeoLabs, a site that tracks the position of satellites, the spacecraft will pass at 11:39pm GMT on Wednesday.They're predicted…

New Facebook button lets you clear ALL your info handed over by other sites

FACEBOOK has introduced a new button that lets you clear all of the data handed over by other apps and sites.When you browse the internet, many websites will often hand over info about what you've been doing to Facebook.Everything we do online generates data – from looking at holidays to buying clothes or video games.When you use an app or website to do something, it collects this data and can often share it.Facebook knows a lot about you and is one of the world's biggest advertisers.So websites and apps will hand over data about you to Facebook, so their ads can better target potential customers.For instance, if Facebook knows which users are interested in shoes, it can serve them shoe advertisements.So it's in a shoe-makers interest to give Facebook data about who has been looking at shoes.Until now, this process has largely been hidden away.But Facebook has now added a new tool called 'Off-Facebook Activity'."One of our main goals for the next decade is to …

Help to Buy ISA vs Lifetime ISA: What is the difference between two accounts?

Help To Buy ISAs were originally launched in December 2015, designed to help first time buyers get on the increasingly expensive property ladder. For first time buyers aged over 16, the Help To Buy ISA provided a 25 percent bonus on savings. The government adds 25 percent up to a maximum of £3,000. This bonus can be used to purchase a home worth up to £250,000, or up to £450,000 in London.READ MOREMartin Lewis reveals how you could get more than 25% extra on savingsThe bonus is paid once the offer for a house has been accepted, where the solicitor or conveyancer will apply for the government bonus.The minimum needed to qualify for any government bonus is £1,600, which would provide a £400 bonus.Help to Buy ISAs are available for each buyer and not each home.This means that for those purchasing a home with a partner a total bonus of over £6,000 could be attainable.The scheme has proven popular across the country. Since the launch of the Help to Buy ISA, over 250,000 property completion…

The world's most-profitable hedge fund is now a climate radical

The hedge fund industry has no shortage of aggressive, in-your-face players, but few are as tough as Chris Hohn. The British billionaire takes the typical playbook to new levels-scuttling deals, pushing to remove bosses, and battering companies with litigation and threats. One opponent was so peeved after losing a boardroom battle with Hohn that he titled a book about the experience Invasion of the Locusts. That approach made Hohn's TCI Fund Management the world's best-performing, large hedge fund last year.Chris Hohn is pushing portfolio companies to dramatically reduce greenhouse gas emissions and disclose their carbon footprint. If they don’t, he says he’ll oust their boards or dump their shares.Credit:Getty ImagesNow Hohn is bringing his hardball tactics to the fight against global warming. The money manager, with $US30 billion ($44 billion) in assets, is pushing portfolio companies to dramatically reduce greenhouse gas emissions and disclose their carbon footprint. If the…

Google's 'Wi-Spy' accord gives consumers nothing, nine US states say

SAN FRANCISCO (BLOOMBERG) – Attorneys general from nine states urged a federal judge to toss out Google’s US$13 million (S$17.6 million) settlement of a class-action lawsuit blaming its Street View mapping technology for a massive violation of consumer privacy.The proposed accord in a debacle that became known as “Wi-Spy” doesn’t offer compensation for millions of people whose confidential data was captured off their Wi-Fi networks by Street View vehicles.Instead, the deal divvies up funds among a handful of privacy rights organizations, a small number of individual consumers who led the case and their lawyers, the state officials said in a court filing.The lawsuit, filed a decade ago, was once called the biggest U.S. wiretap case ever and threatened the internet giant with billions of dollars in damages.The settlement was reached in July and won preliminary approval in October from U.S. District Judge Charles Breyer in San Francisco, who found it to be “likely fair, reasonable, and a…

'I used to joke that I'd buy a theatre - but I've grown out of that'

The actor and playwright Pat Nolan is probably best known for playing the role of Barry O’Hanlon in the RTÉ soap opera Fair City.He grew up in Ballyfermot and Bluebell in Dublin and is now living in Avoca, Co Wicklow. He is married with two sons.He co-wrote the play Take Off Your Cornflakes with Irish actress Rose Henderson.The play – which is about Alzheimer’s disease – will be performed in a number of venues nationwide in the coming months, including the Droichead Arts Centre in Drogheda, and Dublin’s Civic Theatre and Pavilion Theatre.Please log in or register with Independent.ie for free access to this article.Log InNew to Independent.ie? Create an accountFor details of more of the venues where the play will be on, visit rosehenderson.com.What’s the most important lesson about money which your career as an actor has taught you?Always have a rainy day fund – lots of them!The best advice you ever got about money?‘There’s no pockets in habits’ – it’s an old Dublin saying which means…

Mortgage free: Couple reveal retirement plans as they strive to repay mortgage in 10 years

Getting on the property ladder is no doubt a milestone for many. But, from a particular location of the UK to an abundance of extra space, there are countless reasons why a person may later look to buy a new home. For some, this prospect of purchasing again may see them faced with a choice of whether to buy their dream home, or become mortgage free.READ MOREMartin Lewis reveals more than 1 million could get up to £1,150This is something which one Mumsnet user, who goes by the name of “cheeseismydownfall”, has experienced.Beginning a thread back in November 2018, they explained that they all shorty be moving, having already sold their last house.“We’ve realised we have enough cash to buy a perfectly decent albeit thoroughly unexciting and unimpressive house that’s big enough for us all in a perfectly okay area without needing a mortgage,” they explained.“This seems hugely appealing! On the other hand, DH [darling husband] is a relatively high earner and we could take out a mortgage big…

Adam Schiff: 'Dangerous' Trump Must Be Removed Because He Won't Put America First

WASHINGTON ― House impeachment manager Rep. Adam Schiff (D-Calif.) delivered an impassioned appeal on the floor of the Senate on Thursday evening imploring Republicans to vote to remove President Donald Trump from office because he’ll put himself ahead of the nation’s interests.Schiff said that no one was arguing in good faith that Trump wasn’t guilty of putting his personal political interests ahead of the interests of the United States when he withheld aid to Ukraine to pressure its government to smear a political rival. Schiff’s speech capped off the second full day in which the House impeachment managers made their case for forcing Trump out of the White House.“He’s done what he’s charged with. He withheld the money, he withheld the meeting, he used it to coerce Ukraine to do these political investigations. He covered it up, he obstructed us, he’s trying to obstruct you, and he’s violated the Constitution,” Schiff said.“Do we really have any doubt about the facts here? Does anyone…

Sonos Apologizes After Backlash Over Updates for Aging Speakers

Sonos Inc. Chief Executive Officer Patrick Spence apologized to customers after a backlash over the company’s plan to halt software updates for older products.The Santa Barbara, California-based speaker maker earlier this week said it would stop providing updates and new features for speakers launched in the 2000s, including the Connect, ZonePlayer, the original Play:5 and Bridge.The company warned that even if customers only had one older speaker, their entire Sonos sound systems might lose access to services and functionality would “eventually be disrupted.” It also suggested users buy new speakers with a 30% credit for each legacy device traded in. Sonos devotees quickly went berserk on social media, accusing the company of purposely degrading existing hardware to spur new sales.“I have over 1000USD of *speakers* that must be retired now? Terrible product life cycle support,” Scott Jenson, a longtime Google executive,wrote on Twitter. “I clearly have no choice to upgrade but I’m ce…

Data-obsessed Brits spend an entire WEEK per year 'analysing their lives with gadgets', survey suggests

DATA driven Brits spend the equivalent of a WHOLE WEEK of each year tracking and analysing their behaviour, according to research.A survey of 2,000 adults revealed we typically use analytical apps and devices to monitor six parts of our lives.More than half (51 per cent) monitor their steps and movement, with 39 per cent tracking their fitness and 34 per cent regularly monitoring their heart rate.And one quarter of adults use apps to see how much sleep they get each night.But according to a new survey, commissioned to encourage the use of smart meters in UK homes during Big Energy Saving Week and beyond, three quarters (76 per cent) of Brits admit they haven’t the foggiest how much energy they use at home.In total, adults spend 30 minutes every day checking their health, behaviour and finances on apps and devices – the equivalent of 183 hours or seven-and-a-half days per year.A quarter like to track areas of their life because it inspires them to improve, while 22 per cent say it make…

Martin Lewis dismantles 'nasty leftist fabrication' of student debt crisis – VIDEO

Martin Lewis’ warning over the “misleading and dangerous” student loan statements sent to students was posted after the Labour MP lamented the increase of interest rates on student loans repayments in the Commons. Ms Sultana was accused of making a “cheap political point” when she lashed out against Boris Johnson on the merits of his Eton education to make her point on the difficulties working-class kids face when embarking on higher education. Ms Sultana said: “I currently have around 50,000 pounds of student debt. Here is my latest student loans statement. As it says, this year alone the interest added was £2,022.65. So I ask the secretary of state, can he look me in the eye and tell me that is fair.“Is it fair that working-class kids who want an education are forced to take on this colossal debt while his Government is led by a man, Boris Johnson, who went from the playing fields of Eton to a free education at Oxford.”The comment sparked the fury of young political commentators who…