Author: Admin

Friday, August 5, 2005

I-Holding ehf, a Icelandic investment company owned by Baugur Group, Straumur investment bank, B2B Holdings and Birgis Bieltvedts, has bought 80% in Illum warehouse in Denmark from Merrill Lynch International Global Principal Investment. The same group recently bought Wessel & Vett A/S and Magasin du Nord, so it already owned 20% in Illum.

Illum will be run separately from Magasin du Nord.

Illum reported a profit and 11% gain in sales the first three months of 2005.

Skarphéðni Berg Steinarssyni from Nordic Investment at Baugur Group said the Danish retail market is increasing and they believe in Illum because it’s a well known brand in Denmark.

Icelanders invest in Denmark and UK

Icelandic companies have been investing heavily in Denmark for the last few years. Recently the Fons Investment ehf. bought the Danish airlines Sterling Air and Mearsk Air. Eimskip, a shipping company in Iceland, recently bought the shipping division of Mearsk. I-Holdings have been investing heavily in the Denish retailer market.

Baugur Group, as well as FL Group, have been investing in the UK market. FL Group has bought 11% in easyJet.com and has shown an interest in buying more. Baugur Group has been investing in the retailer market and has bought among other things Iceland supermarket chain as well as Hamleys, a well known toy store.

Tuesday, January 30, 2018

On Sunday, female ice hockey players from North and South Korea joined one another for a training session before the upcoming Winter Olympics. Players from the two Koreas are to compete together as a united team for the events hosted in Pyeongchang, South Korea, which are scheduled to start on February 9; Seoul’s Unification Ministry said. The cross-border gesture is part of diplomatic efforts to ease tensions on the divided Korean Peninsula and the team was approved by the International Olympic Committee.

The International Olympic Committee selected Pyeongchang in 2011 to host the event, marking South Korea’s first opportunity since the 1988 Summer Olympics in Seoul. The earlier event was marred by violence as North Korea had bombed a South Korean flight several months prior, killing over 100 and boycotted the event. Inter-Korean relations have changed considerably in the ensuing thirty years, including the two sending unified teams for table tennis and youth football in other non-Olympic competitions.

The announcement that the two countries would compete together was a stated goal of South Korean President Moon Jae-in. Last year, he announced the proposal and the two nations went into discussion this month. After two weeks, they made the announcement to field a consolidated 35-strong team of ice hockey players and have joint skiing exercises with both team coaches involved.

According to Yonhap News Agency estimates, about 80% of South Koreans support dialogue, but the move to have a joint team has been controversial. Over 10,000 South Korean citizens sent a petition to South Korean President Moon opposing the union and a group of North Korean defectors held a protest at the South Korean National Assembly on January 24, tearing apart photos of the North Korean leader, Kim Jong-un. Public support for eventual reunification of the Korean peninsula has waned in recent years, with the younger generation more skeptical of the possibility.

Wednesday, June 15, 2011

A woman has been found dead at the home of Sam Abal, the acting prime minister of Papua New Guinea. The body was discovered in the garden of the property early Monday morning. Abal’s adopted son, Teo, was arrested on Wednesday after a two-day search; he was reportedly the last person to be seen with the woman.

A murder investigation has been opened by Papua New Guinea police. Abal, currently living in a local hotel, released a statement, saying: “The alleged murder took place within the perimeters of my private home. All family members living with me are immediate suspects and are subject to investigation and questioning by police.”

Police Commissioner Anthony Wagambie commented on Teo Abal’s arrest, saying, “He was caught last night at the Pondorosa Hotel in Port Moresby and is currently being interviewed by police.”

Sam Abal has been the acting prime minister of Papua New Guinea since April of this year, when 75-year-old leader Michael Somare underwent heart surgery. Somare’s recovery has been extended but no date has been given as to his return.

Sunday, August 26, 2007

A one-inch settlement of the roof of The Bay tunnel to the Montreal Metro caused authorities to evacuate 12 blocks of the Montreal downtown core.

Several people noticed water infiltration in the tunnel over the last few days. On Friday, August 24, at 1 p.m., while investigating another water infiltration incident, The Bay employees noticed that the ceiling of the tunnel portion of The Bay’s basement sales area had descended one inch over a 7 meter length. They subsequently called police. The police and firefighters evacuated the basement of the downtown Bay store. The police closed de Maisonneuve Boulevard from Aylmer Street to Union Street, over the area of the crack.

At 4 p.m., firefighters evacuated the Parkade Montreal Building and The Bay Department Store after finding pieces of concrete falling from the Parkade Montreal structure, a multi-story carpark with five levels of offices on top. They also evacuated the downtown portion of the Line 1 / Green Line of the Montreal Metro subway, from Lionel-Groulx to Berri-UQAM stations, and evacuated the McGill metro station, which is situated below The Bay tunnel. After consulting with city engineers, Centre 2001, the loading dock of the Bay and its Hertz car rental agency, Les Promenades Cathedrale underground shopping centre and office tower, and a neighbouring office tower to the Parkade were also evacuated. Police cordoned off an area from Bleury Street in the east to University Street in the west, and from Ste-Catherine Street in the south to President Kennedy Street to the north.

The closure of the Metro caused havoc to the Friday afternoon rush hour, as over 40,000 people regularly use the Green Line (Line 1) every day. Montreal Transit Corporation workers issued directions during the day, though some may not have been informed of a provisionary bus service to replace the lost subway service. Loudspeakers announced that commuters should use the unaffected Orange Line (Line 2), which has lines between 5 and 10 blocks south of Line 1 (Green Line), and also connects to Lionel-Groulx and Berri-UQAM stations.

The downtown area is intended to remain closed for at least the weekend, along with portions of the underground city, or RESO. The tunnel was built in 1966. For the last few days, city work crews have been working above the slab in question, digging a one meter trench to install a median and segregate a new bike path on de Maisonneuve Boulevard. The tunnel roof lies five meters below street level.

Residents of Montreal are frustrated with the crumbling infrastructure in and around the city, including the collapse of the de la Concorde Boulevard overpass over Autoroute 19 expressway last year, the shattering of a column holding up the Autoroute 720 Ville Marie elevated expressway last month, and other incidents.

Sunday, January 15, 2006

Ariel Sharon, 77, is scheduled to undergo a tracheotomy today, which is expected to help wean him off a respirator, which is helping him to breathe, a hospital statement said.

A tracheotomy is a procedure where an incision in the windpipe is made to create a temporary or permanent opening. It will allow for the removal of the breathing tube now inserted in Sharon’s throat. Sharon suffered a major stroke on January 4, 2006. Last week, doctors said the plastic tube connecting his windpipe with the respirator would start to cause him damage if left in for too long.

Tracheotomies are routinely performed on stroke victims to reduce the risk of infection posed by intubation.

“The prime minister’s condition continues to remain critical but stable,” said a statement issued by Jerusalem’s Hadassah hospital where doctors have been trying, unsuccessfully, to wake Sharon from a medically induced coma. “This evening the prime minister will undergo a CT test after which he will undergo a tracheotomy. The surgery is aimed at helping to wean him off a respirator machine. It will be conducted in the operating room under general anaesthesia.”

Friday, April 7, 2006Legislators in the Massachusetts General Court, their name for the state legislature, approved legislation on Tuesday, April 4, that would make it the first state in the United States to require all residents to have health insurance and impose penalties for non-compliance. Massachusetts Governor Mitt Romney, a Republican who is expected to run for U.S. President in 2008, is expected to sign the bill.

The bill passed the lower house, the Massachusetts House of Representatives by a vote of 155-2, and unanimously by the state senate. The Democratic Party holds supermajorities in both houses of the legislature.

Among the bill’s provisions are these:

1. Businesses that employ more than 10 people are required to provide health insurance for all staff or face fines of $295 per year per uninsured worker.
2. Individuals will be required to enroll in a health plan by July 1, 2007, or face tax penalties.
3. Health insurers will provide partially to fully subsidized coverage for low-income residents.

At least one other state (Hawaii) requires employers to provide employee health insurance, but no other state holds individuals accountable for coverage.