Connect with us

Business

Post Office scandal: Calls for police to investigate after BBC report

Published

on



Former sub-postmaster and politicians say evidence uncovered by the BBC should prompt police investigation.



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Melinda French Gates to quit Gates Foundation

Published

on


Billionaire philanthropist Melinda French Gates has said she will resign as a co-chair of the Bill & Melinda Gates Foundation.

“This is not a decision I came to lightly,” Ms Gates wrote in a statement posted to X on Monday.

Her last day of work will be 7 June.

Ms Gates started the foundation – the largest private body of its kind – in 2000 with her then-husband Bill Gates, the Microsoft co-founder.

In 2021, after 27 years of marriage, the pair announced their separation, but pledged to carry on with their joint philanthropic work. At the time of their split, the former couple said they would remain co-chairs and trustees of the organisation and that no changes to the foundation’s structure were expected.

The Gates Foundation is among the most powerful groups in public health, with an endowment of more than $75bn (£59.7bn) as of December. It spends billions of dollars every year on initiatives aimed at eradicating infectious diseases, reducing poverty and combatting climate change.

According to the foundation’s website, the couple donated more than $36bn (£28bn) of their own wealth to it from 1994 to 2018.

“I am immensely proud of the foundation that Bill and I built together,” Ms Gates wrote in her statement adding that under an agreement with Mr Gates, she will now have an additional $12.5bn for her own charitable work on women and families.

In 2015, Ms Gates founded investment company Pivotal Ventures, a separate entity from the Gates Foundation, which focuses on removing barriers to opportunity for women and minority groups.

“This is a critical moment for women and girls in the US and around the world – and those fighting to protect and advance equality are in urgent need of support,” she wrote in Monday’s statement.

Mr Gates said he was “sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work”.

The Microsoft founder remains one of the world’s richest men, with a net worth of more than $130.3bn, according to Forbes. Ms Gates’ fortune is listed at $11.3bn.



Source link

Continue Reading

Business

F&G Annuities & Life elevates John Currier to President By Investing.com

Published

on



DES MOINES, Iowa – F&G Annuities & Life, Inc. (NYSE: FG), a prominent insurance solutions provider, has announced the promotion of John Currier to President, a role in which he will continue to report to CEO Chris Blunt. This move comes as part of the company’s strategy to manage its growth and adapt to the evolving industry landscape.

Currier, who has over three decades of experience in the insurance sector, has been with F&G since May 2015, starting as Deputy Chief Actuary before advancing to Chief Actuary in October 2016. He was later promoted to Chief Actuary and Chief Product Officer in March 2019.

In his new position, Currier will maintain his responsibilities over the Retail Markets business unit, overseeing sales, operations, marketing, and management of new and existing business.

CEO Chris Blunt praised Currier’s contributions to the company, stating, “John has been an invaluable member of our team having demonstrated exceptional leadership, strategic vision, and a deep understanding of our industry.” Blunt expressed confidence in Currier’s ability to lead the day-to-day operations, allowing him to focus on strategic initiatives and the company’s growth trajectory.

Currier’s industry experience is extensive, with previous roles including EVP & Chief Actuary of Aviva (LON:) USA, Chief Product Officer for AmerUs Group, and Chief Actuary for Life Companies of Farm Bureau Financial Services.

The company is headquartered in Des Moines, Iowa, and is known for its commitment to helping Americans achieve their financial goals.

The information for this article is based on a press release statement.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or
remove ads
.

InvestingPro Insights

Amidst the strategic leadership changes at F&G Annuities & Life, Inc. (NYSE: FG), the company’s financial standing offers a compelling narrative. With a market capitalization of 5.13 billion USD, F&G exhibits stability in the insurance sector. The company’s robust revenue growth is particularly noteworthy, having surged by an impressive 109.48% over the last twelve months as of Q1 2024. This growth is indicative of the firm’s expanding market presence and operational success.

Investors may also find encouragement in the company’s earnings strength. F&G’s P/E ratio stands at 20.28, suggesting that the company’s earnings are valued at a reasonable level in the market. Moreover, this valuation is reinforced by the InvestingPro Tips, which highlight that F&G’s net income is expected to grow this year, and analysts predict the company will be profitable this year, a testament to its financial health and potential for continued growth.

For those seeking more in-depth analysis and additional InvestingPro Tips, F&G currently has 5 more tips available on InvestingPro, which can be accessed at https://www.investing.com/pro/FG. To enhance your investing strategy with these insights, be sure to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.





Source link

Continue Reading

Business

German court says AfD is ‘suspected extremist’ organisation

Published

on


Unlock the Editor’s Digest for free

The far-right Alternative for Germany (AfD) has suffered a major legal defeat after a court ruled that the country’s domestic intelligence agency was right to designate it a suspected extreme rightwing organisation.

The verdict means the BfV agency can place the AfD under formal surveillance, putting it on a par with extremist groups long viewed as a threat to the German state.

The court in the western city of Münster ruled there was sufficient evidence that the AfD pursued goals that were “aimed against the human dignity of certain groups of people and the principle of democracy”, a statement from the court said.

It said it had considered a large number of statements by AfD officials who “questioned whether [immigrants] really belonged to the German nation, regardless of how integrated they are into German society and despite their German citizenship”.

“This represents a form of racial discrimination which is unlawful according to the constitution and is incompatible with the [constitutional] guarantee of human dignity,” the court said.

“Today’s verdict shows we are a democracy that is capable of defending itself,” said Nancy Faeser, interior minister.

She said the state had tools to protect German democracy from internal threats and “it is precisely these tools which will now be deployed — and which were once again confirmed by an independent court”.

The ruling is the latest in a string of setbacks for the AfD, which up until the start of the year was backed by more than one in five German voters, putting it ahead of all three parties in Chancellor Olaf Scholz’s coalition government. Its approval ratings have since slumped after a series of scandals involving senior party figures.

Peter Boehringer and Roman Reusch standing inside the courtroom
AfD members Peter Boehringer, left, and Roman Reusch, centre, waiting for the verdict at the Higher Administrative Court on Monday © Ina Fassbender/AFP/Getty Images

In January it was hit by revelations that some of its functionaries met white supremacists late last year to discuss plans to deport millions of Germans with immigrant backgrounds, including German passport holders.

The party has also become embroiled in a number of spying scandals that have badly undermined its credibility. An assistant to Maximilian Krah, who is the AfD’s lead candidate for the European parliament elections, was arrested last month on charges of spying for China.

Monday’s verdict was delivered by the Higher Administrative Court of North Rhine-Westphalia, one of Germany’s largest states, and upheld a previous judgment of a lower court in Cologne.

That court had agreed with the BfV that there was sufficient evidence to designate the AfD, its youth organisation Young Alternative and a group inside the party called the “Wing” as suspected extremist organisations. The AfD then appealed against the decision.

The court in Münster said Monday’s verdict cannot be appealed, although the AfD can lodge a complaint with the Federal Administrative Court in Leipzig. Party officials said they intended to do so.

AfD MP Roman Reusch said it was “inexplicable” that the court had dismissed the party’s appeal against the Cologne verdict, “although we had debated complex legal issues for days”.

Peter Boehringer, the party’s deputy leader, said the court had failed to clarify the facts of the matter. “To deny hundreds of our requests to submit evidence verges on a refusal to work, just as we saw in the lower court, which was the main reason we appealed in the first place,” he added.

The BfV welcomed the court’s verdict, saying it had presented it with “weighty evidence” to underpin the suspicion that the AfD was trying to undermine Germany’s democratic system.

This, it said, included statements of a nationalist, xenophobic and Islamophobic nature which amounted to an “affront to human dignity”. It said the party also embraced positions that “disparage democracy and are incompatible with the democratic principle”.

The Münster verdict was praised by parties across the German political spectrum, including Scholz’s Social Democrats (SPD).

The AfD was created in 2013 by a group of economics professors angry at the Eurozone bailouts of Greece but gradually morphed into a hardline nationalist movement, some of whose members have been linked to extremist groups that are banned under German law.

The party has been denounced by business leaders for advocating a “Dexit”, or German withdrawal from the EU, a move economists have warned would deal a devastating blow to the German economy.



Source link

Continue Reading
Advertisement

Trending

Copyright © 2024 World Daily Info. Powered by Columba Ventures Co. Ltd.