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Skandia Cowes Week Day six news round-up

The Black Groups (excluding Class 0 to 3) The blustery conditions today certainly favoured the outstanding performer of Class 4 IRC, the Harry Evans chartered Alvine Jacobite who pulled into the lead straight after the start and led Jim Macgregor's Flair IV down to the first mark off the Hill Head shoreline. Alvine Jacobite used her 48 foot overall length to great effect around a course just shy of 18 miles and recorded her fifth straight win of the regatta and looks certain for the overall class crown. However at the top of the Black Group standings going into the final two days of racing is the Class 5 IRC leader Winsome of Harry Heijst who again scored a victory today to take his tally for the regatta to five race wins. Heijst has been the class act of the fleet as he warms up for next week's RORC Round Britain and Ireland Race and has brought this well-prepared Sparkman & Stephens designed one-off to the regatta in tip-top condition with a superb crew. read more.

Work suspened at India Jute Mill

Kolkata: Work at India Jute Mill at Srirampur in Hooghly district has been suspended since last night, with lower production being cited as the reason behind the management's decision.A suspension of work notice was put up at Arun Bajoria's India Jute Mill, which employs about 3,500 people."We came to know that India Jute Mill has been closed by the management late last evening. But reasons behind the move are yet to be known," INTUC leader Ganesh Sarkar said.According to workers, the management has cited lower production as reason for the decision."The mill management is trying to create trouble before a mass strike call by the jute mill unions against non-payment of arrears, including dearness allowance, which had been agreed upon by the mills," Sarkar alleged. . read more.



Standard Chartered legal chief in move to Dubai

Standard Chartered group head of legal David Brimacombe is jetting off to Dubai to take up a new position at the bank, leaving the organisation to search for a successor in London. Brimacombe is moving to the Gulf in the next few months to help drive forward the bank's operations in the region. The bank has not yet made a decision on his replacement in London. Meanwhile,Standard Chartered has hired its first-ever employment specialist. Rebecca Priestley will join the bank's London legal team from Simmons & Simmons in August. She will be looking after employment issues across all of the bank's 56 locations. Brimacombe said: "This is very much a global role. Rebecca will be working with the legal team and the HR team on employment issues across all our offices." The move comes as banks look to beef up their in-house employment capabilities in the wake of increased litigation for unfair dismissal or sexual discrimination. read more.

When every coin counts

The phones may have stopped ringing for the 'Towards Healing Lebanon's Wounds' telethon, but the money keeps coming in, as the crisis in Lebanon elicits a massive response from the UAE. Dh54 million was raised for the cause in just ten hours. Throughout the UAE, the public continues to be outraged by the rising death toll and acts of brutality, such as the Qana massacre. An estimated 900,000 people or one fifth of Lebanon's population have been displaced, translating into a wide-scale humanitarian crisis. While some wring their hands in despair over a situation that continues to deteriorate, vast numbers of UAE residents are opting instead to actually do something. With the crisis so close to home, the UAE's contribution to the humanitarian appeal has been described as "phenomenal". read more.

DIFX and Bahrain Stock Exchange sign Memorandum of Understanding

A Memorandum of Understanding (MoU) was signed today between Bahrain Stock Exchange (BSE) and Dubai International Financial Exchange (DIFX) to develop and strengthen capital markets activity in the region. The MoU was signed by Fouad Rashid, BSE's Director, and Nasser Alshaali, Chief Operating Officer of the DIFX. The MoU aims at strengthening and increasing cooperation between both parties in areas relating to exchange of expertise and information by both parties. The MoU will work on increasing awareness among both parties market participants regarding the legal framework and investment opportunities available in both bourses. It also encourages listed companies in both stock markets to cross list their securities. The MoU encourages both parties to jointly organize training programs and enhances relations and cooperation between market participants operating on both stock exchanges Mr. read more.

2 Pinoys die while fleeing from war in Lebanon

MANILA -- The Philippine Embassy in Lebanon on Thursday confirmed the death of two Overseas Filipino Workers (OFWs) who died after falling from the buildings they had been staying in. Although reports of Ambassador to Lebanon Al Francis Bichara did not identify the two fatalities, ABS-CBN television network came up with the names and they were identified as Michelle Tomogan, 23, and Mary Jane Pangilinan, 24, who died last July 26 and July 28, respectively. . read more.The most outstanding research dealing with Construction Jobs Dubai will advise you and assist you in enlarging your comprehension level.

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