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Source: Linde plc The industrial gas giant said it is increasing the amount of oxygen production at air separation units, where needed, and is working very closely with local healthcare providers to anticipate demand and increase deliveries.Linde is prioritising the supply of oxygen and essential medical gases in order to support hospitals, doctors, nurses and medical professionals as they care for patients with coronavirus (Covid-19).“Linde has a strong track record of successfully navigating challenging times and we are working closely with all our stakeholders,” Linde said in a statement.“We are proud of the work our employees are doing around the world and we continue to put the safety, health and wellbeing of our employees, customers and our communities at the forefront of all we do.”
US tech company HP has threatened to withhold up to 10% of costs invoiced by law firms if they do not meet minimum diversity requirements.In a letter sent to law firm partners last week, Kim Rivera, chief legal officer and general counsel, said HP has implemented a ‘diversity holdback’ mandate. Explaining the initiative, Rivera said HP’s vision ‘is to create technology that makes the world a better place for everyone, everywhere. To achieve that vision, business leaders must represent diversity of our customers and stakeholders’.With women representing more than 55% of HP’s workforce in the legal function, Rivera said HP have invested in driving diversity at all levels, ‘and I expect no less from our outside law firm partners. I believe we can all do better’.HP can withhold up to 10% of all amounts invoiced by law firms that do not meet or exceed HP’s ‘minimal’ diverse staffing requirements.The programme will apply to US-based firms with 10 or more attorneys. Firms must have at least one ‘diverse firm relationship partner’, regularly engaged with HP on billing and staffing issues, or at least one woman and one racially or ethnically diverse attorney, each performing or managing at least 10% of the billable hours worked on HP matters.The policy applies to race or ethnicity, gender, LGBT (lesbian, gay, bisexual and transgender) status, and disability status.A female, racially or ethnically diverse attorney who performs or manages at least 10% of the billable hours would meet the requirement.‘As the name suggests, the staffing is a minimum and more diverse composition of HP teams than required by the diversity handbook provision will be viewed favourably,’ HP says.The provision will not come into effect until the second year of HP’s engagement with a firm. ‘So, even for those firms that do not immediately meet minimal diverse staffing, there will be ample time to work toward achieving the metric,’ HP says.However, HP says many firms already have teams that meet minimum requirements, so the holdback provision ‘will likely never apply’.HP was founded in 1939 by Bill Hewlett and Dave Packard, who began part-time work the previous year in a rented garage with $538 in working capital, consisting of cash and a used drill press. In 1973 it became was the first company in the US to institute flexitime and in 1999 the first Fortune 20 company to appoint a woman as chief executive. The current chief executive is also a woman. In the letter, Rivera told partners that HP has made diversity an ‘explicit business goal’, highlighting that the company has the most diverse board of directors in the technology industry, and is one of the top technology companies in relation to women and underrepresented minorities in executive positions.Rivera added: ‘I am counting on your courage and vision to support both the letter and spirit of the “diversity holdback” provision. We hope it will serve as a meaningful tool to improve diversity in our organisations and on our working teams.’
RUSSIA: Proposals for the reform of Russian Railways’ long-distance passenger business and the creation of a new operating company have been agreed in principle by the RZD management team. The detailed proposals will now be presented to the board of directors for formal approval.Restructuring of the long-distance passenger business is seen as ‘one of the most important issues’ in the ongoing reform of RZD, according to Vice-President Mikhail Akulov. He told the management meeting on October 7 that in establishing a new operating company, ‘the goal is to create an effective business, based on co-operation between the new company and government authorities.According to RZD, the Federal Passenger Company will function as ‘an independent market entity’ with an equity capital of 136·8bn roubles. It will be 100% owned by RZD, minus one share. As part of its equity contribution, RZD plans to transfer assets to FCP from its existing Federal Passenger Directorate. This wholly-owned subsidiary currently has 16 regional business units, 15 agencies, 43 rolling stock depots, 29 coach stabling yards, and two passenger service directorates. FPD has 98 200 staff and a fleet of 24 691 vehicles.In its proposals for the evolution of the new company, RZD has drawn up two development scenarios, with the investment programmes to handle the projected traffic volumes. The baseline scenario envisages investment totalling 257·4bn roubles in 2010-20, compared with 442·5bn for the ‘ambitious’ scenario. The bulk of this would go on rolling stock renewal. The baseline scenario envisages the purchase of 1 540 vehicles over the next three years and 4 080 carriages in 2013-20. Under the ambitious scenario, 1 698 vehicles would be bought in the first three years, and 6 864 by 2020. RZD has already announced plans to buy 200 RIC-standard vehicles for international services between 2011 and 2014.According to Akulov, FPC would follow different strategies in each market segment. In the international sector, the aim would be to increase the range of destinations within an optimised route network able to react flexibly to changing demand. ‘Under the business plan that we have developed, FPC will be able to gain a stable position in the market for long-distance passenger transport, and will be able to conduct independent economic activities in all target areas, yielding an aggregate profit’, he emphasised.
Author: Priyanka Ann Saini Scorpio Bulkers Inc. announced that the Company has received a commitment from a leading European financial institution for a loan facility of up to USD 38.7 million.The loan facility will be used to finance up to 60% of the market value of the three Ultramax dry bulk vessels the Company has recently agreed to acquire. The loan facility will have a final maturity of five years from the signing date and bears interest at LIBOR plus a margin of 2.85% per annum. The terms and conditions will be similar to those set forth in the Company’s existing credit facilities. The loan facility is subject to customary conditions precedent and the execution of definitive documentation.Scorpio Bulkers also announced that the Company has agreed to modify a previously announced contract with an unaffiliated third party to acquire a 2015 Chinese built Ultramax dry bulk vessel. The Company will now include in the total consideration 910,802 common shares of the Company.Sea News, December 5
DALLAS – West Florida baseball junior Brandon Nagem was named the National Collegiate Baseball Writers Association South Region Pitcher of the Week. Nagem (Pensacola, Fla./Northwest Florida State) improved to 3-0 after extending his consecutive scoreless innings streak to 15 with a complete game, seven-inning shutout of North Alabama Feb. 14. He has yet to allow an earned run this season in 19.2 innings. Nagem allowed three hits and struck out eight last Saturday. He is the first Argonaut to win the award since MLB draft pick Jordan DeLorenzo won it for the third time on April 16 last season. UWF travels to Valdosta, Ga. to play Valdosta State in a three-game series beginning with a doubleheader Feb. 21 at 1 p.m. ET. For information on all UWF athletics, visit www.GoArgos.com.Print Friendly Version
FacebookTwitterEmailPrintFriendly分享Commerce Commissioner Mike Navarre announced he will be taking a leave of absence in order to campaign for Governor Bill Walker. Navarre is the former Borough Mayor of the Kenai Peninsula, he was appointed to commissioner last fall. Deputy commissioner Fred Parady will be the department’s lead official, the letter states while Navarre is on leave. Navarre sent a memo to employees this week saying he’ll be off duty through the November 6 election: “I intend to focus a significant amount of my personal time and energy in the coming weeks on the upcoming election. As such, I have decided to take a leave of absence until early November so I can focus on advocating for the candidates and issues that are of great concern to me.” Navarre’s leave of absence started on Wednesday and is effective through Election Day, November 6.
Noted Jamaican coach, Maurice Wilson, who led his G.C. Foster College team to another dominant display at the NCB Intercollegiate Track and Field Championships over the weekend, is blasting the organisers, the Jamaica Intercollegiate Sports Association (Intercol), for what he described as their inability to grow the event and attract greater general interest.A number of the country’s top athletes were on show at the two- day championships, which was held inside the National Stadium, but the near non-existent spectator support inside the venue did not go down well with Wilson, who has led several Jamaican teams to the Olympics and World Championships over the years.Despite leading his male and female teams to their third successive titles, respectively, Wilson believes that the Intercol executive should be doing a lot more to push the championships, given its importance to the sport and the quality of the athletes it produces. “Intercol Championships has produced some of the best performances so far this year for Jamaican athletes. “Fredrick Dacres, with 65.17m in the discus; 13.62m by Tissana Hickling in the triple jump; 10.22 by Oshane Bailey in the men’s 100m; Mico’s males running 39.44 seconds in the 4x100m. G.C. Foster College running 44.24 seconds in the women’s 4x100m, and Mico and G.C. Foster College running 3:06 in the men’s 4x400m are all outstanding results, and, overall, the quality of the meet was great,” said Wilson. “Where were the spectators? I believe this (poor support) is because of a lack of organisation from the executive body of the (Jamaica) Intercollegiate Sports (Association). I do not really think they understand the product they have in track and field, as this is the only product that can be measured internationally with the sort of performances, and we cannot continue like this,” Wilson added before pointing to some of the local talent that has been aided by participation at Intercol Champs. Viable product “Intercol has produced some of Jamaica’s finest – Sherone Simpson, Anastasia Leroy, Shelly-Ann Fraser-Pryce, Nesta Carter – all of these are athletes who would have gone through Intercol, got their education at the tertiary level and represent Jamaica at the highest level, so I do not understand why is it that we are not having a greater thrust by the Intercol executive members or committee to make sure that the meet is properly organised and all due diligence is observed to make it one of the best product on the track and field calendar,” said Wilson, who is the also the acting principal of G.C. Foster College of Physical Education and Sport.
A crowd of more than 60,000 is expected for ‘The Clash’ at HQ, but experienced centre, Piutau, insists Bristol are relishing the occasion.“It’s a big game for us and we, as players, understand that as we try and achieve our goal,” he said.“We’re just trying to put everything into our preparation and make sure we are ready mentally, physically and can go out there and celebrate this Saturday.“It’s all going to come down to what we do on the field, so we’ll be preparing well and hopefully we can transfer that over to the pitch and put in a good performance.“We’ve had some awesome support this season at Ashton Gate and it’s going to be no different this week. We’re really grateful that we’ve got such a good backing and a good support base.” “We managed to beat them in the pool stages there, so we can take some confidence from that, but we definitely know the challenge ahead and the threats they have.” Siale Piutau, centre The Tonga captain believes last weekend’s quarter-final defeat at La Rochelle will stand his side in good stead in the future, with the team gaining vital ‘big game’ experience.“For a lot of the players here, La Rochelle was a great experience. That is the level we want to be at and the games we want to be playing in, and games like that will add a string to our bow.“So, we can take a lot from Sunday’s game as we build towards becoming the team we want to be.”There is plenty for us to improve on from the game and we’ll be working hard this week to make sure we are ready to face Bath on Saturday.”