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Italian bank to shed 8,000 jobs

Italian bank UniCredit said Tuesday it would eliminate 8,000 jobs in Western Europe and close 500 branches by 2023 to cut costs by a billion euros. The mesures, which were outlined in UniCredit’s 2020-2023 Strategic Plan, represent 12 percent of full time equivalent (FTE) positions and 17 percent of its branches in Western Europe, the […] The post Italian bank to shed 8,000 jobs appeared first on Daily Tribune......»»

Category: newsSource: tribune tribuneDec 3rd, 2019

Never give up, ECB s Draghi says on monetary policy legacy

FRANKFURT AM MAIN, Germany – Outgoing ECB chief Mario Draghi, credited with saving the euro at the height of the eurozone debt crisis, on Thursday, October 24, summed up his legacy as "never give up." The Italian economist said he was "proud" that the European Central Bank had ........»»

Category: newsSource:  rapplerRelated NewsOct 24th, 2019

Deutsche Bank to slash 18,000 jobs by 2022

FRANKFURT AM MAIN, Germany – Germany's biggest lender Deutsche Bank said Sunday, July 7, it would cut 18,000 jobs by 2022, as the former leading light of the country's financial sector looks to escape years of turmoil . The slashing of around 1 in 5 of its workforce, to 74,000 ........»»

Category: newsSource:  rapplerRelated NewsJul 7th, 2019

European Parliament chooses new president, completing top EU jobs

STRASBOURG, France (UPDATED) – The European Parliament on Wednesday, July 3, elected an Italian social democrat as its new president, filling the  final top EU job a day after Brussels named two women to key posts for the first time. Italy's David Sassoli, a 63-year-old former journalist, won the absolute majority of ballots ........»»

Category: newsSource:  rapplerRelated NewsJul 3rd, 2019

Leonardo s PSG return could be welcome news for coach Tuchel

By Jerome Pugmire, Associated Press PARIS (AP) — Leonardo's return as Paris Saint-Germain's sporting director could be welcome news for coach Thomas Tuchel after a difficult first season. PSG announced Leonardo's appointment on Friday as a direct replacement for Antero Henrique, who leaves after two years despite helping secure two marquee signings in forwards Neymar and Kylian Mbappe. Tuchel's working relationship with Henrique had become increasingly strained because of the need to strengthen an injury-hit squad and an awkward situation concerning homegrown midfielder Adrien Rabiot. Henrique said in a December interview that Rabiot would remain out of the side after refusing to sign a new deal, despite months of negotiations. He did not play again and is now out of contract, meaning PSG will get nothing for him as he reportedly negotiates terms for a move to Italian champion Juventus. But Tuchel is a fan of Rabiot's style of play and wanted him available, especially with injuries in midfield during a fraught Champions League campaign. The club's disciplinary stance remained firm. At the time, Henrique appeared to have the backing of club president Nasser Al-Khelaifi, with the signings of Neymar and Mbappe doubtless contributing to his standing. An exasperated Tuchel also lamented a lack of signings in the winter transfer window and had to wait until January 29 — right at the end — before the club bought Argentina midfielder Leandro Paredes from Zenit St. Petersburg. But Tuchel was reportedly not overly keen on signing Paredes, who made little impression. If their relationship was indeed a power struggle, it now seems like a victory for Tuchel over Henrique. Tuchel recently signed a one-year extension to his initial two-year deal. Leonardo's return offers the possibility of a more harmonious working relationship, one which the club hopes will end years of frustration in the Champions League. PSG has never been beyond the quarterfinals since Qatari backers QSI started bank-rolling the club with huge investment eight years ago. In the past three seasons PSG has gone out in the Round of 16 — twice blowing strong first-leg leads — and last season Tuchel's side failed to retain its domestic cups. FAMILIAR FACE While Henrique was unfamiliar with the club when he took the job, that's certainly not the case for Leonardo. He played for PSG in 1996-97 and was hugely popular. As an attack-minded defender or midfielder, he helped PSG reach the European Cup Winners' Cup final in '97. He won the World Cup with Brazil in 1994 and the Copa America in '97. He had spells as coach of AC Milan and Inter Milan, where he was also sporting director. Leonardo became PSG's sporting director for the first time in July 2011 and helped persuade Carlo Ancelotti to become coach in December 2011. It was a considerable coup considering Ancelotti's long-standing reputation in the game. "I'm extremely enthusiastic at the idea of coming back," the 49-year-old Leonardo said. "I've experienced some big emotions here." BITTER END Leonardo held his role until May 2013, when he was suspended for nine months by the French league for barging into a referee just outside the tunnel. Television images appeared to show Leonardo deliberately shoulder-barging Alexandre Castro after a home draw. Leonardo had been heavily critical of French referees that season, in particular launching one angry rant live on television after a draw at defending champion Montpellier. Following Leonardo's suspension, Ancelotti left to take charge of Real Madrid despite having one year left on his PSG contract. FUTURE DAYS Leonardo must quickly establish a strong and trusting relationship with Tuchel. The club is expected to be busy in the transfer market this summer, whilst fending off reported interest from Real Madrid for the prolific France forward Mbappe. PSG must also raise funds, and Leonardo's return coincided with the sale of 19-year-old forward Moussa Diaby to Bayer Leverkusen for a reported 15 million euros ($16.8 million). Fans want success but they also want to see local talents shine, and Diaby was one of the best players to have come through PSG's youth academy in recent years. If Leonardo persuades Rabiot to change his mind and sign a new deal, it would certainly please Tuchel......»»

Category: sportsSource:  abscbnRelated NewsJun 16th, 2019

Neri-Chaves Clan: A Tale of Southern Nobility

CAGAYAN DE ORO CITY, the crown jewel of Mindanao, is the country’s newest boom town, experiencing an accelerated level of modernization and real estate investments. Infrastructures such as hotels, malls and condominium towers are vigorously constructed one after the other to accommodate the influx of new residents and visitors to the city. Proof that, Cagayan de Oro as it is fondly called, had long since shed its small-town roots, to become the mega melting pot of pioneering entrepreneurs and upwardly mobile young professionals that it is today. Apart from the perks and comforts of living in a highly urbanized city, people who call Cagayan de Oro home also bask in its rich and colorful history that dates back to pre-colonial times. One clan in particular has been a prominent figure in the city’s enduring saga and cultural evolution. The Neri-Chaves family are descendants of a strong-willed Rajah whose resoluteness drove him to seek out dominions beyond his stronghold’s fertile terrains in Lanao province. The Malay prince, whose name was Samporna, or Sanskrit for ‘perfect’, decided to invade Cagayan or Kalambagohan as it was then known. Excerpts from the writings of the Neri-Chaves family historian, Filomeno M. Bautista, recounted how a potential bloody struggle was averted, when the then chief of Kalambagohan, Datu Bagani, sent his beautiful daughter guarded by his bravest warriors to meet Rajah Samporna. She was to initiate the conditional surrender, so that their people would not be enslaved by the invaders. It was told that the Rajah, captivated by Datu Bagani’s daughter, ended up marrying her. The prince also built a fortress around their village in Kalambagohan to protect them from other conquistadores. Rajah Samporna later succeeded the Datu as ruler of Cagayan. He also converted from Islam to Christianity to solidify his devotion to his wife’s religion, and in 1779 was baptized by a Spanish priest with a peculiarly Italian name, Neri. It ushered an era of peace in Mindanao, when Muslims lived harmoniously with Christians. The Neris intermarrying with the Chaveses of Cagayan was perhaps providential as it produced one of the most enduring clans in the country. Today, the Neri-Chaves clan is many thousand strong. Well-known lawyer and congressman Rufus Bautista Rodriguez attributes the successes enjoyed by many family members throughout many generations to the tireless pursuit of life’s true purpose. “We are hardworking people. We are also fortunate to have had many individuals in the family who continue to inspire us, like Vice President Emmanuel Neri Pelaez and Ambassador Felino Neri”, Rodriguez said, adding in jest, “At mga gwapo, gwapa pa!” Most if not all of Cagayan de Oro’s earliest leaders, from Governors to Mayors, were members of the Neri-Chaves family. Some became pioneers in other fields like business, education and the arts, from Chief Justice Marcelo Fernan to musicologist and concert pianist Vilma May Chaves Cataylo. The clan has had three grand reunions, first in 1985, then in 1993, and the most recent one took place in August 2016 where hundreds of family members came together from all over the world to rekindle family ties. Jessica Dingcong, who spearheaded the recent reunion held at the Chaves family-owned Chali Beach and Mallberry Suites in Cagayan de Oro City, wants to inspire the next generation to carry on the legacy of benevolence and integrity of their forebears. “We should be proud that we are very family oriented,’ Dingcong said. In attendance at the grand reunion were the Neri-Cheves clan’s many young professionals and millennials. Sixth generation Neri-Chaves and journalist Alessandra Marie Chaves Jalandoni, who carries her nickname Apples professionally, admits feeling the pressure of belonging to a family of achievers. “We have some pretty big shoes to fill, so we soldier on, and never give up,,” Jalandoni said, adding that, “We have always been taught to do the right thing, and not just what looks good on paper.” Jalandoni’s maternal grandfather Engineer Camilo Vamenta Chaves was a World War II veteran and subsequently Dean at the family-owned Liceo de Cagayan University. Her mother Alma Marie Chaves Jalandoni is a pioneer in garments manufacturing and export in the Philippines. Current Social Security Services Commissioner Pompee La Viña will head the next Neri-Chaves grand reunion in 2018. La Viña is the son of Lourdes Chaves Maestrado La Viña who was the first woman elected to the City Council in Cagayan de Oro. His younger brother is former Ateneo School of Government dean and climate change lead negotiator Tony La Viña. Commissioner La Viña hopes to welcome many more family members to their tight-knit Mindanaon clan. “It roots us in Mindanao, the blood of Mindanao is running through us,” he said. La Viña also ponders on how leadership is ingrained in the members of the clan. After all they are descendants of a warrior prince. But the word is also taking on a new meaning as the Neris and Chaveses usher Mindanao to its most vibrant era. “We will always be leaders, we are simply inclined to lead,” La Viña maintained, “but to lead as serving the people rather than ruling them.” (By J. C. Bautista) &'160; 121&'160;total views, 121&'160;views today.....»»

Category: newsSource:  mindanaoexaminerRelated NewsJan 9th, 2017

Dutch bank ING cutting 7,000 jobs in digital transformation

THE HAGUE: Dutch bank ING, the country’s biggest lender, Monday announced 7,000 jobs could be lost mainly in Belgium and The Netherlands to save 900 million euros ($1.01 billion) by 2021. The move is partly directed by the bank’s bid to resh.....»»

Category: newsSource:  manilatimes_netRelated NewsOct 3rd, 2016

Juventus loses in Serie A for 1st time this season

ROME (AP) — Defending Italian champion Juventus slipped to its first Serie A loss this season, a 3-1 defeat at the hands of Lazio on Saturday. Luiz Felipe, Sergej Milinkovic-Savic and Felipe Caicedo all scored at the Stadio Olimpico as Lazio recovered from an early goal from Cristiano Ronaldo, lifting Simone Inzaghi's side to within three points of second-place Juventus. Inter Milan has a two-point lead over the Bianconeri. Ronaldo put the visitors in the lead after 25 minutes from close range after Rodrigo Bentancur's assist but Juve's defense was caught off guard on a corner kick just before the interval as Felipe equalized. Milinkovic-Savic's 74th minute goal came after Juan Cuadrado was sent off for bringing down Manuel Lazzari in the 69th. The Serbian player was set up by Luis Alberto's assist over the Juventus defense and scored with a low shot past goalkeeper Wojciech Szczesny. The former Arsenal goalkeeper was faultless five minutes later when he made a double save to deny Ciro Immobile's penalty kick. Szczesny parried away Immobile's effort then made an acrobatic save when the league's top scorer volleyed back from the rebound. Szczesny was powerless when Caicedo volleyed home deep in stoppage time. NAPOLI HELD Carlo Ancelotti's future as Napoli coach is uncertain after his team failed to beat Udinese on Saturday in Serie A. The 1-1 draw extended Napoli's winless run to nine matches in all competitions. Piotr Zielinski saved Napoli with a late goal that salvaged a point for the visitors. Amid reports that Ancelotti could soon be fired, Napoli, which had won its last six league matches against Udinese, went a goal down after a counterattack which was finished by Kevin Lasagna in the 32nd minute. Napoli improved after Fernando Llorente replaced an uninspired Lorenzo Insigne in the second half. It equalized after a good combination between Dries Mertens and Zielinski, who wrongfooted the Udinese 'keeper with a shot into the bottom corner. Also, Atalanta twice came from behind after Samuel Di Carmine's two goals to beat Hellas Verona 3-2 with a late winner from Berat Djimsiti, who volleyed home from close range......»»

Category: sportsSource:  abscbnRelated News3 hr. 9 min. ago

Six months of sacrifice: Hong Kong’s protesters take stock

HONG KONG: Some of them have lost their jobs, suffered life-changing injuries and even fled overseas. But six months into Hong Kong’s demonstrations, pro-democracy protesters say they aren’t backing down. The unprecedented movement was born on June 9, when an estimated million people took to the streets to protest a proposed bill allowing extradition to […].....»»

Category: newsSource:  manilatimes_netRelated News9 hr. 21 min. ago

PNB gathers knowledge experts to lift Luzon& rsquo;s economy

More than a hundred business owners and entrepreneurs from Northern and Central Luzon provinces gathered recently at the Clark Marriot Hotel for the “2019 Transforum: Connecting You Forward”, a first-of-its-kind innovation forum hosted by Philippine National Bank for corporate clients in the region......»»

Category: financeSource:  thestandardRelated News9 hr. 43 min. ago

Celebrating Italian cuisine

For four years now, Italians everywhere in the world have been celebrating the “Week of Italian Cuisine in the World” to showcase the best of their culinary traditions......»»

Category: newsSource:  philstarRelated News13 hr. 43 min. ago

ADB explores alternative procurement arrangements with multilateral agencies

The Asian Development Bank said it is negotiating alternative procurement arrangements with more multilateral agencies to reduce the procurement time and transaction costs for projects......»»

Category: financeSource:  philstarRelated News14 hr. 9 min. ago

I-Remit gets license as e-money issuer

The Bangko Sentral ng Pilipinas has given Filipino-owned non-bank remittance provider I-Remit Inc. the green light to operate as an electronic money issuer amid the rising number of Filipinos embracing digital payments......»»

Category: financeSource:  philstarRelated News14 hr. 9 min. ago

Trump to WB: Stop lending money to China

US President Donald Trump lashed out at the World Bank on Friday, blaming the international financial institution for lending money to China. “Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don’t, they create it. STOP!” Trump wrote on Twitter. The president was […] The post Trump to WB: Stop lending money to China appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated News21 hr. 21 min. ago

DA, LBP s Expanded SURE Aid program to benefit 1,500 farmers in NV

BAYOMBONG, Nueva Vizcaya, Dec. 6 (PIA) - Farmers here are expected to be given assistance by the Department of Agriculture-Agricultural Credit Policy (DA-ACPC) in partnership with the Land Bank of.....»»

Category: newsSource:  manilanewsRelated NewsDec 7th, 2019

NFL coaching carousel started spinning early this year

By Arnie Stapleton, Associated Press Judging by the jump start, it looks like we're headed for a ninth consecutive season with at least a half-dozen NFL head coaches getting canned. The coaching carousel began whirling earlier than usual this season with Jay Gruden getting fired by the Washington Redskins in October after an 0-5 start and Ron Rivera getting dumped this week by the Carolina Panthers (5-7) in the midst of a four-game skid. They could be joined soon by Jason Garrett in Dallas (6-7), Dan Quinn in Atlanta (3-9), Doug Marrone in Jacksonville (4-8) and Pat Shurmur, whose New York Giants are 2-10, and maybe even by rookie head coach Freddie Kitchens in Cleveland (5-7) and second-year coach Matt Patricia in Detroit (3-8-1). Rivera was 76-63-1, the most successful of the four head coaches in the Panthers' franchise history. Like John Fox, he guided the Panthers to a Super Bowl only to come up short. Gruden's six-year run in Washington was the longest for any coach in Daniel Snyder's two decades of ownership, but that run produced a 35-49-1 record, two winning seasons and one playoff appearance. "Welcome to the club, bro," remarked Raiders coach Jon Gruden, who was fired by the Buccaneers in 2008. The club will soon be accepting more members. Some strong possibilities: JASON GARRETT, Dallas Cowboys, 83-66 (.557) in 10th season. The Cowboys have lost seven of 10 since a 3-0 start but still lead the middling NFC East by a half game over Philadelphia, which hosts the last-place Giants on Monday night. "I don't know how it is, we're still in the lead for our division," QB Dak Prescott said after the Cowboys' 31-24 loss at Chicago on Thursday night. "Got to be thankful for that, but we can't hang our hat on that. We have to figure out our issues now, fix them and get better." Asked Friday on his weekly radio show on 103.The Fan in Dallas if he's embarrassed by how his team is playing, owner Jerry Jones retorted, "Hey, get your damn act together, yourself. Now, we're going to have a good visit this morning, but settle down just a little bit. ... I've been traveling all night and I don't have the patience to jack with you today." A good many Cowboys fans don't want to wait for Garret's contract to expire after the season for Jones to make a coaching change. DAN QUINN, Atlanta Falcons, 39-37 (.513) in fifth season. Last year's 7-9 collapse was blamed on injuries, but this year's 3-9 stumble could cost Quinn and general manager Thomas Dimitroff their jobs because of all those empty seats at glittering Mercedes-Benz Stadium. After taking the Falcons to Super Bowl 51, where they blew a 28-3 lead over New England, Atlanta has gone 21-25. The Falcons' 26-18 loss to New Orleans on Thanksgiving eliminated them, so December could be all about getting looks at young players, although Quinn said, "It’s always about playing our best to go win. That's the first priority." DOUG MARRONE, Jacksonville Jaguars, 20-26 (.435) in fourth season. The Jaguars have been blown out in four straight games, lopsided losses that crushed the team's playoff hopes and turned December into a debate about the futures of Marrone, personnel chief Tom Coughlin, general manager Dave Caldwell and quarterback Nick Foles. It's back to rookie Gardner Minshew at QB for the final month. Foles, who signed a four-year, $88 million contract last offseason, said he was going to "keep my head held high." Things aren't looking up for Marrone. PAT SHURMUR, New York Giants, 7-21 (.250) in second season. Expectations in East Rutherford, New Jersey, weren't high, but a return to respectability and a .500 record was a realistic goal for the Giants. Instead, the team might fail to even match last year's five-win total, and that puts Shurmur and general manager Dave Gettleman on notice. A loss at Philadelphia next Monday night would be the Giants' ninth straight, tying the franchise record for longest skid, set in 1976. Co-owners John Mara and Steve Tisch haven't spoken publicly about the team since training camp, but back in August, Mara said, "I want to feel when I’m walking off the field after the last game of the season, whenever that is, that this franchise is headed in the right direction." FREDDIE KITCHENS, 5-7 (.333) in first season. Kitchens created a stir when he wore a shirt Friday night at the request of his daughters that read, "Pittsburgh started it" before the rematch with the Steelers, which they lost 20-13. "The T-shirt didn't cause us to give up 40-yard passes," Kitchens said. "We were ready to play. That's the only thing people need to be concerned about." Baker Mayfield wore a black cap after his last game that read "Miracle," which is what it probably will take for the Browns to salvage a season that began with high hopes and maybe even save Kitchens' job. MATT PATRICIA, 9-18-1 (.321), second season. The Lions have lost eight of nine since their 2-0-1 start and they've dropped five in a row. "It’s one of the toughest teams I’ve probably ever been around,” said Patricia, a former Patriots assistant coach. “This team fights like probably no other team I’ve ever seen. We’ve got to find a way to win.” Patricia is the seventh former assistant of Bill Belichick to get a head coaching job and all of them have losing records except for the Houston Texans' Bill O'Brien (50-42)......»»

Category: sportsSource:  abscbnRelated NewsDec 7th, 2019

RCBC, Multisys to bring an all-in-one virtual banking app

Rizal Commercial Banking Corporation (RCBC) has partnered with software and IT solutions provider, Multisys Technologies Corporation, to power the country’s first financial inclusion accelerator virtual bank, DiskarTech. PLDT invested P2.15 billion in Multisys for a 45.73% interest last year......»»

Category: techSource:  thestandardRelated NewsDec 7th, 2019

ADB approves USD 1 billion emergency loan for Pakistan

Manila [Philippines], Dec 6 (ANI): The Asian Development Bank (ADB) on Friday approved a USD 1 billion emergency loan for cash strapped Pakistan to provide support to the country's public finances and.....»»

Category: newsSource:  manilanewsRelated NewsDec 6th, 2019

ADB rolls out online training program vs money laundering

The Asian Development Bank aims to boost the anti-money laundering capacities of partner banks as it teams up with the Association of Certified Anti-Money Laundering Specialists for the pilot rollout of an internationally accredited online training program......»»

Category: financeSource:  philstarRelated NewsDec 6th, 2019

Q4 growth to pick up to 6.6% — ING

Dutch financial giant ING Bank said Philippine economic growth may pick up further in the fourth quarter amid the catch up in government spending after the delayed implementation of the 2019 national budget......»»

Category: financeSource:  philstarRelated NewsDec 6th, 2019

Fitch blames slow credit growth on trade issues

THE SLOWDOWN in credit growth despite the rounds of monetary easing by the central bank could be blamed on a decline in loans to the manufacturing sector, according to Fitch Ratings......»»

Category: financeSource:  bworldonlineRelated NewsDec 5th, 2019