Emerging markets’ illness small but persistent KCS-content Tags: NULL FAR BE it for me to ruin your Monday but I am starting to get a bad feeling about emerging markets. Let me put that in context. On a medical scale I would call it more of a slight itch than a life-threatening condition, but it is definitely persistent.EMERGING MARKETS GROWTH SLOWSHSBC knows a thing or two about emerging markets; the bank has just put out an index that says emerging markets economic activity levels have darkened. There is still growth but at a slower pace in the third quarter than previously, with Brazil, Russia and China all reporting falls in growth rates.FITCH DOWNBEAT ON CHINAFitch, the ratings agency, sounded more downbeat on China recently. The fact that ratings agencies did not cover themselves in glory at the height of the US credit boom means that they don’t want to be caught napping on China. Fitch’s central case is that China will grow on average nine per cent annually out to 2012 but it is very aware of the dangers of leverage and a flood of investment.BIG DEMAND FOR MEXICAN BONDTalking of a flood of investment, last week reached new levels of emerging markets craziness when we saw staggering demand for Mexico’s century bond. When I first saw pictures of The World in Dubai, I immediately realised that this must mean we are in a property bubble – building islands shaped like countries set out as a big map of the globe just seemed emblematic of excess. So might lending money to the Mexican government for 100 years for a six per cent yield officially mark the start of a bubble in emerging debt markets?US FED COULD BRING WALL OF CASH And of course a wall of money might be exactly what is on its way. If the US Federal Reserve decides that the US economy needs more quantitative easing in order to create jobs, then the global financial system will soon be even more awash with cash looking for a home. Many money managers have told me that it won’t be loaned to small businesses as the Fed might wish. Instead it will find its way into emerging markets. Of course if you are in this for the long term then maybe none of this really matters. SEEING A BUBBLE DOESN’T BURST ITVery few businesses tell us they know any better place than emerging markets to grow their businesses. And of course it takes more than just identifying a bubble to burst it. Just ask UK home owners who rode the property boom for years before it came apart. Some say we are still in bubble territory here, but that is a topic for another day. Anna Edwards co-anchors Capital Connection and is a presenter on Squawk Box Europe weekdays on CNBC. http://europe.cnbc.com Share More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Sunday 10 October 2010 10:39 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald whatsapp Show Comments ▼ whatsapp
Cricket Can Pay-Cuts happen in Indian Cricket ? Can the richest cricket board in the world will give its players and staff salary cuts ? If the last two statements by two of the biggest officials of BCCI is any hint than the pay-cuts in the Indian Cricket can actually become a reality.Will BCCI be in financial trouble ??Days after BCCI treasurer Arun Dhumal came on record and admitted that board will go through ‘financial troubles’ if IPL 2020 does not take place, now board President Sourav Ganguly has admitted the same. Like Dhumal, Ganguly expressed his concerns about the financial conditions of BCCI if IPL does not take place this year. The former India captain said BCCI will have to incur a loss of around Rs. 4000 crore if IPL’s 13th edition does not take place due to the Covid-19 pandemic. Cricket RELATED ARTICLESMORE FROM AUTHOR by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeGrammarlyImprove Your Grammar With This Helpful Browser ExtensionGrammarlyMicrosoftBring your desktop to life with Bing WallpaperMicrosoftCapital One ShoppingThis hack can uncover JOANN discounts you don’t know aboutCapital One Shopping“We will have to examine our financial situation, see how much money we have and take a call. Not hosting the Indian Premier League (IPL) will cause losses to the tune of Rs. 4,000 crore which is huge,” Ganguly told mid-day.Not only this, the former India captain also hinted that the board might have to go on a pay-cut if the IPL doesn’t happen this year. “If the IPL takes place, we won’t have to go in for pay cuts. We’ll manage things,” added Ganguly.Earlier the BCCI treasurer showed his concerns over the financial situation of the board in case IPL 2020 does not take place.“The BCCI will also be in a difficult position in case cricket does not resume soon, especially the IPL.In that case, the BCCI will also have to face a lot of financial hardships. IPL is one of the major revenue-generating tournaments’.Also Read: IPL News:Confident of Nepal playing in top-flight soon says Delhi Capitals’ LamichhaneBCCI has got one of the most solid balance sheets in the cricket world with cash reserves which is almost close to billion dollars. No other cricket board in the world can boast of such solid financials.BCCI BALANCE SHEETAccording to the last balance sheet made public by BCCI for 2017-18 –– its cash and bank balance, as on March 31, 2018, was ₹5,526.18 crore.– ₹2,011.83 crore was in fixed deposits.– ₹900 crore was kept aside in escrow accounts to deal with various arbitration proceedings.This balance sheet would have got further boosted by the IPL media rights deal with Star India who on an average pays 3065 Crores.How much BCCI can lose in the Lockdown ScenarioThe below graphics by InsideSport can explain, how much BCCI stand to lose both from IPL and other sources of revenues they have at their disposal.BCCI Assumed Revenues from Bilateral Home Series in 2020 – BCCI earns 60.1 Crore per game from Media Rights partner for every international game played at home. India as per the 2020 FTP was only scheduled to play 15 games this season. Out of that South Africa tour to India is already wiped out because of Coronavirus scare and India has already completed 3 match series each against Australia and Sri-Lanka. India is scheduled to play only 3T20 / 3ODI’S against England at home in October in only home series left this year. Assuming England series is lost, BCCI will lose 1080 Crore for year 2020 from the home series.The loses will mount further If the ICC T20 World Cup gets cancelled. In that case BCCI stand to lose their shares from the ICC revenues.IPL 2020 Without Crowds will lose its charm – GANGULYMeanwhile as a possible alternative suggestions were also made to host the IPL behind closed doors without any spectators in the ground. Reacting on the same, Ganguly said, such a proposition looks less attractive.“Yes, the attraction will be less. I remember playing in such a scenario [when spectators were not allowed in for the final day after crowd disturbances at Eden Gardens] at the Asian Test Championship game against Pakistan in 1999 and there was a clear lack of excitement. If you have matches with restricted amount of crowds, not only would strict social distancing rules apply, the officials would also have to be very careful about how the spectators leave the galleries for home. The policing will have to be very strict. It’s a tough call and the situation we find ourselves in, is grave,” Ganguly added.IPL 2020 was scheduled for a March 29 beginning this year but was suspended till April when Indian government banned foreign visas. Situations became more difficult for IPL when India was sent on a lockdown. BCCI had no choice but to postpone this year’s IPL for an indefinite period. Cricket Cricket Facebook Twitter Football India Tour of Sri Lanka: From books to gym, Sanju Samson shares story of his quarantine life Previous articleDusseldorf vs Paderborn, Bundesliga 2020 LIVE Prediction, TV Channel, how to watch, squadsNext articleSports Business : World Rugby announces ‘no internationals in entire July’ Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. Cricket By Kunal Dhyani – May 15, 2020 Brake For ItThis NASCAR Wife Turns Heads Everywhere She GoesBrake For It|SponsoredSponsoredbonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.com|SponsoredSponsoredDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinition|SponsoredSponsoredMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Week|SponsoredSponsoredYourBump15 Actors That Hollywood Banned For LifeYourBump|SponsoredSponsoredMedical MattersThis Picture Shows Who Prince Harry’s Father Really IsMedical Matters|SponsoredSponsored Cricket CricketIndian premier leagueIndian premier league 2020Latest Sports NewsSports BusinessNewsSport WTC Final LIVE Day 3: Weather forecast again not good, rain & bad-light all set to impact India vs New Zealand Day 3 Latest Sports News Euro 2020- Spain vs Poland Highlights: Spain held to 1-1 draw as Lewandowski’s Poland keep Euro hopes alive Cricket Tokyo Olympics Village: Organizers unveils Tokyo games athletes village to the media, check first look Happy Father’s Day: ‘We Miss You’, Hardik Pandya pens emotional message for his father WTC Final Day 3 LIVE Score: Virat Kohli & Ajinkya Rahane ready to battle Kiwi bowlers, follow IND-NZ Day 3 Live Updates Share on Facebook Tweet on Twitter WI vs SA 2nd Test Day 2 Stumps: West Indies bowled out for 149 runs in 1st innings, SA lead by 149 runs Latest Sports News Tokyo Olympics: Covid-19 scare continues after a Uganda team member tests positive TAGSBCCIIndian Premier LeagueIPLIPL 2020IPL newsSourav Ganguly SHARE ICC WTC Final: 10 years of Virat Kohli’s Test career, 10 best moments of India’s greatest Test skipper IPL 2020 : BCCI President Sourav Ganguly hints at pay-cuts in Indian Cricket ENG W vs IND W: Mithali Raj says We’ll carry the confidence in pink-ball Test against Australia
First Quantum Minerals (FQMZ.zm) listed on the Lusaka Securities Exchange under the Mining sector has released it’s 2005 abridged results.For more information about First Quantum Minerals (FQMZ.zm) reports, abridged reports, interim earnings results and earnings presentations, visit the First Quantum Minerals (FQMZ.zm) company page on AfricanFinancials.Document: First Quantum Minerals (FQMZ.zm) 2005 abridged results.Company ProfileFirst Quantum Minerals Limited is an international holding company overseeing the extraction of copper, nickel, gold, zinc and acid through mining operations in Zambia, Australia, Finland, Turkey, Spain and Mauritania. The mining corporation operates six mines: Kansanshi copper-gold mine, Guelb Moghrein copper-gold mine, Las Cruces copper mine, Pyhasalmi copper-zinc mine, Ravensthorpe nickel-cobalt mine and Cayeli copper-zinc mine. Its subsidiary divisions have interests in evaluating and acquiring mineral properties, regulatory reporting, treasury and finance, corporate administration, and a metal marketing division. Copper is the main commodity mined by First Quantum Minerals in Zambia, and gold is a by-product commodity. First Quantum Minerals Limited is listed on the Lusaka Stock Exchange
Royal Exchange Assurance Nigeria Plc (ROYALE.ng) listed on the Nigerian Stock Exchange under the Insurance sector has released it’s 2016 interim results for the third quarter.For more information about Royal Exchange Assurance Nigeria Plc (ROYALE.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Royal Exchange Assurance Nigeria Plc (ROYALE.ng) company page on AfricanFinancials.Document: Royal Exchange Assurance Nigeria Plc (ROYALE.ng) 2016 interim results for the third quarter.Company ProfileRoyal Exchange Assurance Nigeria Plc is an insurance company in Nigeria licensed to cover life and non-life insurance. This includes general insurance, health insurance and life assurance. The company also offers banking products and services for asset management, credit financing and microfinancing. General insurance products include money guard, burglary protection, fire protection, transit plan, public building liability, motor guard, workmen’s plan, personal and group care, group life assurance, home secure, aviation, marine, engineering, oil and gas, in-house protection and bonds and professional indemnity services. Other general insurance products include heritage, family support, personal, tuition, investment annuity, educational endowment, endowment plans and mortgage protection assurance products. Royal Exchange Assurance Nigeria Plc offers reserve investment accounts, investment notes, high-yield investment papers, vehicle and asset acquisition scheme, mortgage financing and financial advisory services. Credit products include finance and customer leasing, short-term and trade finance loans, and short-term project and LPO financing services. Royal Exchange Assurance Nigeria Plc offers a range of products and services for healthcare insurance and operates as a health maintenance organisation which provides financial intermediation within the health industry. The company’s head office is in Lagos, Nigeria. Royal Exchange Assurance Nigeria Plc is listed on the Nigerian Stock Exchange
2010 “COPY” ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/261940/arundel-square-pollard-thomas-edwards-architects Clipboard “COPY” Arundel Square / Pollard Thomas Edwards Architects CopyAbout this officePollard Thomas Edwards ArchitectsOfficeFollowProductsGlassSteelConcrete#TagsProjectsBuilt ProjectsSelected ProjectsLandscape ArchitectureParkResidential ArchitectureHousesDabasLondonHousing3D ModelingUnited KingdomPublished on August 10, 2012Cite: “Arundel Square / Pollard Thomas Edwards Architects” 10 Aug 2012. ArchDaily. Accessed 11 Jun 2021.
2019 “COPY” “COPY” Lead Architect: Castaños House / Barrionuevo Villanueva Arquitectos Castaños House / Barrionuevo Villanueva ArquitectosSave this projectSaveCastaños House / Barrionuevo Villanueva Arquitectos Photographs Year: Area: 250 m² Year Completion year of this architecture project Projects ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/930388/castanos-house-barrionuevo-villanueva-arquitectos Clipboard Nicolás Barrionuevo, Juan Villanueva ArchDaily ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/930388/castanos-house-barrionuevo-villanueva-arquitectos Clipboard Save this picture!© Gonzalo Viramonte+ 22Curated by Clara Ott Share Argentina Manufacturers: AutoDesk, Carpinteria bola ocho, Corralón La Estación, Ekkon, Electrojujuy, Grama del Norte, Hierros Szpiegel, Ponasec, Premoldeados Norte, Trimble Houses Share CopyHouses•Tigre, Argentina Arquitectos: Barrionuevo Villanueva Arquitectos Area Area of this architecture project Construction:Barrionuevo Villanueva ArquitectosStructural Calculation:Andres MoscatelliCity:TigreCountry:ArgentinaMore SpecsLess SpecsSave this picture!© Gonzalo ViramonteRecommended ProductsDoorsdormakabaEntrance Doors – Revolving Door 4000 SeriesDoorsStudcoAccess Panels – AccessDorRenders / 3D AnimationAUGmentectureAugmented Reality Platform – AUGmentecture™WindowsFAKRORoof Windows – FPP-V preSelect MAXText description provided by the architects. We try to understand this work as a succession of defined areas that are put in relation to others in order for them to function as a whole. We attempt to develop this same approach starting from the imprint. Volumetric clarity consists of determining each area, giving them a formal identity and putting them in relation to other composite areas with the same logic. In this way, a large volume appears at three meters hight locked by a vacuum and as an immediate result, the formal management of the ground floor is injected in its functions. It is interesting to note that not only do these have their own condition and use but the fact of putting them in relation results in a series of spaces and interstices that link them, relate them, give them particular qualities and end up solving new areas that coincidentally turn out to be the most important in the program.Save this picture!© Gonzalo ViramonteSave this picture!Floor PlanSave this picture!© Gonzalo ViramonteWhen we talk about intermediate spaces or interstices we talk about access, horizontal and vertical circulation, the public areas of the house (kitchen, living room, dining room) and the expansion gallery. Not to mention the non-physically constituted element that is vital for all these spaces and volumes to be put in relation; the backyard. This is a space that does not demand a physical action to constitute itself but articulates the horizontal and vertical uses of the entire work. This is how we can describe the compositional logics and conclude that the physical and formal execution of the spaces are not directly proportional to their importance. Those with the least matter are more important.Save this picture!© Gonzalo ViramonteUnderstanding this, what remains is only to highlight the importance of finding a route that links all these spaces fuelled by the qualities that each of them delivers. This makes it possible to appreciate how each space is affected differently under the action of light. As you walk through the house you can discover spaces, find visuals and projections of light and shadow and the life that proposes the functions of the house.Save this picture!© Gonzalo ViramonteProject gallerySee allShow less Photographs: Gonzalo Viramonte Manufacturers Brands with products used in this architecture project CopyAbout this officeBarrionuevo Villanueva ArquitectosOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesTigreArgentinaPublished on December 20, 2019Cite: “Castaños House / Barrionuevo Villanueva Arquitectos” [Casa Castaños / Barrionuevo Villanueva Arquitectos] 20 Dec 2019. ArchDaily. Accessed 10 Jun 2021.
A quarter of charity trustees’ annual reports and accounts fail to meet the Charity Commission’s basic benchmark, the regulator has revealed, following its latest monitoring reviews.The Commission studied a random sample of 106 charity trustees’ annual reports and accounts filed with it to assess how charities are meeting the public benefit reporting standards, and whether the accounts meet readers’ needs. It also inspected a separate sample of small charities.Despite a modest improvement in the quality of public reporting, it found that for the sample of charities with incomes over £25,000, 74% of the trustees’ annual reports and accounts reviewed were of acceptable quality, meeting its basic benchmark standard. The most common reason for inadequate reporting was that the trustees’ annual report did not explain the charitable activities the charity had carried out to help its beneficiaries.Reasons for inadequate reporting:The annual report was inadequate, mainly because it provided little or no information on the charitable activities carried out (11% of charities)One of the required documents was missing (5% of charities)The independent scrutiny report was inadequate, mainly because the wording of the report demonstrated that the person carrying out the scrutiny was not familiar with the independent examination requirements (5% of charities)The accounts were inadequate, mainly because they were incomplete or did not balance (5% of charities)For the small charities, the Commission found that 64% met the regulator’s basic benchmark. The main reason for inadequate reporting here was that the charity failed to provide one or both of the trustees’ annual report and the accounts.The Commission has provided regulatory guidance to 89 charities included in the reviews to help improve the quality of future trustees’ annual reports and accounts.Nigel Davies, Head of Accountancy Services at the Charity Commission for England and Wales said:“Our research into trust and confidence in charities shows that the public no longer give charities the benefit of the doubt; they want evidence that charities make a difference when using their money. Public reporting is an opportunity for charities to tell their story and explain to the public what they do and how they use charitable funds.“Too many charities are still not meeting very basic standards when it comes to making key information available to the public. I am encouraged to see that an increasing number of trustees recognise the value of public benefit reporting, but there is clearly more work to be done across the sector.” Advertisement Quarter of charity annual reports & accounts fall short of regulator benchmark 122 total views, 2 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis10 Tagged with: annual report Charity Commission trustees The full reports are available on GOV.UK. 121 total views, 1 views today Melanie May | 6 September 2018 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis10 About Melanie May Melanie May is a journalist and copywriter specialising in writing both for and about the charity and marketing services sectors since 2001. She can be reached via www.thepurplepim.com.
Jeremy McDole, killed by cops in Wilmington, Del.Delaware Attorney General Matt Denn has refused to charge four Wilmington police officers in the shooting death of Jeremy “Bam” McDole, a 28-year-old African American. Dole was killed last September while sitting in his wheelchair.Black community leaders and residents were outraged by this result of an eight-month investigation by the Delaware Department of Justice. The department report cited Senior Cpl. Joseph Dellose for “extraordinarily poor police work” during the incident. Prosecutors initially considered filing a felony assault charge against Dellose. (delawareonline.com)The report found Dellose fired at McDole with a shotgun about two seconds after ordering him to put his hands up and said Dellose “should not be employed by the city police in any role where he would carry a firearm in public.” It noted that the city’s “use of force policy” needed updating, and that officers get little training for response to similar situations among people who are psychologically, mentally, emotionally or physically disabled.The report released a 911 transcript in which a resident reported a man in a wheelchair had shot himself. When the dispatcher says, “They’re going to take him out,” the caller is heard responding, “Don’t kill him!” In a later interview with investigators, the caller said she never saw a gun. No gun was ever found! Fighting back for Black and disabled peopleThe Rev. Donald Morton, executive director of the Complexities of Color Coalition, said: “Now that … we have come to this conclusion, I don’t know that I can tell our communities to remain calm. There is only so much a community of people can take.”Mahkeib Booker, who launched the Delaware chapter of Black Lives Matter, said the lack of charges tells the African-American community that their lives don’t matter.McDole’s family commented: “Our family disagrees with the conclusions of the report … which seems to reflect the historic fact that, we believe, no police officer in Delaware has ever been charged with a crime for the fatal use of force on a civilian. Blacks suffer three times the death rate of whites at the hands of police nationwide. But this is not reflected in the report.“Jeremy was paralyzed and he could not run or hide. … The tactical response reflected deliberate indifference to the life of Jeremy.” In their statement the family said they will continue to pursue a federal wrongful death suit.On Dec. 3, 2015, to mark the International Day for Persons with Disabilities, the People’s Power Assemblies (PPA) organized a protest in New York’s Penn Station to say “Disabled Black lives matter!” and to highlight the terminal’s infamous lack of access for disabled commuters, especially wheelchair users. Dedicated to the memory of McDole, the protest rocked Penn Station with chants of “Jeremy McDole! Say his name!” and “Disabled people need decent jobs, quality health care, not police terror!”The PPA is an organization in support of the Black Lives Matter movement to combat the rising epidemic of police murders, particularly of youth of color.On July 10, the PPA will again protest police murders of disabled people of color at the second annual New York City Disability Pride Parade, marking the anniversary of the Americans with Disabilities Act. The parade, gathering in Union Square Park at 11 a.m., will march and roll up Broadway to Madison Square Park for a disability rights festival from noon until 4 p.m.The Disability Pride Parade was inspired by the civil rights movements of people with disabilities, people of color and women — as well as the lesbian, gay, bisexual, trans and queer people who just held the largest LGBTQ parade in New York City’s history, which this reporter was proud to march in.Yudelovich is a World World Party activist with emotional and one-sided hearing loss disabilities. FacebookTwitterWhatsAppEmailPrintMoreShare thisFacebookTwitterWhatsAppEmailPrintMoreShare this
One of the world’s most unusual aircraft arrives at Shannon Airport Shannon Group statement on the Aer Lingus decision to close its Shannon Airport base Advertisement NewsBreaking newsLimerick TD – Save Shannon slotsBy Bernie English – January 19, 2015 694 Aer Lingus announcement for Shannon base – Limerick Chamber statement Previous article100 jobs on way from AMAXNext articleDream of a City; poem for the day Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. WhatsApp Shannon Airport “has been abandoned” Facebook Email Twitter Linkedin Urgent action needed to ensure Regional Air Connectivity RELATED ARTICLESMORE FROM AUTHOR As IAG was reported to be preparing a third and final bid for Aer Lingus , Limerick TD, Kieran O’Donnell (FG), has expressed his concern that Shannon’s Heathrow routes be preserved, and has confirmed that he will be raising the issue in the Dail this week.“This is a matter of absolute importance to me”, said Deputy O’Donnell. “This is critical for Shannon, Limerick and the entire region in terms of gateway connectivity and jobs.Sign up for the weekly Limerick Post newsletter Sign Up “The government must ensure that the State’s 25.1 per cent strategic shareholding in Aer Lingus is used to preserve the most strategic of all air connections, the Heathrow slots.“All the great work that has been done in strengthening Shannon airport would be undermined were the Heathrow slots to come under any threat in an impending deal for Aer Lingus,” he said.“Shannon’s independence has been successful, with passenger numbers through the airport increasing very strongly since the government made it independent. In 2007, the Shannon slots were redeployed by Aer Lingus for the Belfast routes, and heralded a period of decline in Shannon that has only been halted recently. This shows the crucial importance of these slots for Shannon airport.“I hold my views on this issue very strongly, and I am raising this in the Dail chamber this week.“We have worked very hard here in Limerick to bring in investment and create jobs. Air connectivity is one of the key elements in this. Heathrow is the most important hub in the world, and the government’s strategic shareholding must be used to ensure that Aer Lingus’s slots are used for the strategic benefit of Irish regions. This underpins Shannon’s broader role as an economic generator in the Mid-West region, and means that Shannon is the only airport on the Western Seaboard with a direct Heathrow connection.“These slots are absolutely critical for Shannon, Limerick and the Mid-West as they allow us to connect directly with Heathrow and from there, all of the major financial and investment centres in the world.“Aer Lingus’s slots in Heathrow are a unique national asset from which we in the Mid-West derive some really crucial benefits. These assets must be preserved for the people. TAGSAer LingusfeaturedKieran O’DonnellShannon airport Sad day for Limerick and Mid-West following Aer Lingus announcement – Mayor Michael Collins Print