Daily Brief - Monday 24th June, 2019

NEWS

Supermarkets not ‘price setters’

With the rising cost of food prices, the Supermarket Association president Rajiv Diptee is making it clear that they are not “price setters” but “price takers.” In a statement e-mailed to Newsday on Friday, Diptee said, “The retail food industry has noted with great consternation the rising costs of doing business coupled with decreasing revenues, higher overheads in terms of rents, utilities and taxes, flat sales in what is a worryingly stagnant consumer environment and an increasingly difficult labour environment in terms of the pool of labour and the application of those laws as they apply to labour.” Read more here

 ‘No hiccups’ for motorists with new traffic flow

Min­is­ter of Works and Trans­port Ro­han Sinanan said mo­torists tra­vers­ing ar­eas where the Curepe In­ter­change is be­ing con­struct­ed should not ex­pe­ri­ence any is­sues with re­gards to the traf­fic changes which take ef­fect to­day. On Fri­day it was an­nounced that a new traf­fic flow of the South­ern Main Road in the vicin­i­ty of the Curepe In­ter­sec­tion will take ef­fect. But up to yes­ter­day, there seemed to be a lot of work still to be done. When Guardian Me­dia con­tact­ed Min­is­ter Sinanan he said that “every­thing was in place” for the new traf­fic flow. Read more here

 

POLITICS

PM calls in Defence Force to manage community pool

Prime Min­is­ter Dr Kei­th Row­ley said the De­fence Force had to be called in to man­age and guard the new Laven­tille Com­mu­ni­ty Swim­ming Pool. Yes­ter­day the Prime Min­is­ter of­fi­cial­ly opened the $4.9 mil­lion dol­lar fa­cil­i­ty which will be called the So­gren Trace Swim Club. He said the De­fence Force had to man­age the swim­ming pool fa­cil­i­ty to en­sure it is not mis­used or poor­ly main­tained. Read more here

 

BUSINESS

IPO investing: risky or rewarding?


This week, we at Bourse consider one of the more exciting approaches to investing in international equity markets, Initial Public Offering (IPO) investing. Investors often employ one or more strategies when investing internationally, ranging from very-focused individual stocks to broad-based country, regional or even global Exchange Traded Funds (ETFs). Read more here

 

REGIONAL

‘Titanic Warrior’ - Seaga Given Hero’s Farewell As Last Chapter Of Independence Era Closes

Late Jamaican statesman Edward Seaga was yesterday lauded by his long-time political rival P.J. Patterson as a “titanic warrior” whose patriotism and legacy to nation building set him aside as an Independence-era legend. Addressing the congregation under the ornate ceiling of The Cathedral of the Most Holy Trinity in downtown Kingston on Sunday afternoon, Patterson said that Seaga was a fearless leader whose legislative work was unparalleled during his 43-year tenure as Member of Parliament. Read more here

 

INTERNATIONAL

Erdogan likes to say 'whoever wins Istanbul, wins Turkey.' His party's defeat is a crushing blow

Change, hope, and a new beginning. That's the promise of Istanbul's newly elected mayor Ekrem Imamoglu. His slogan, "Everything will be great," is on everyone's lips in Turkey. Imamoglu's win in the repeat of the mayoral vote invigorates Turkey's fatigued opposition. It breathes new life into a part of the Turkish electorate that had lost all hope of a victory at the ballot box, but still believed in safeguarding the country's democracy. The revote was less about the office of the mayor and more about the question of whether or not the most basic and indisputable part of the democratic process, the ballot box, would survive the tenure of President Recep Tayyip Erdogan. Read more here

France 40C heatwave could break June records

France is braced for a heatwave with temperatures forecast to exceed 40C this week – potentially breaking the record for June. Temperatures are expected to reach 35 degrees or more on Monday, and climb even further until the peak on Thursday and Friday. The north of the country – including Paris - will be worst affected. Temporary fountains have been put in place and public pools will stay open later as part of an extreme heat plan. Water will also be distributed and a care plan will be put in effect for vulnerable people including the elderly, as high humidity will make 40C feel like 47C in the capital. France, Germany, Switzerland and Belgium could all see national records for June broken in the coming days – but France is particularly aware of the dangers posed by the hot weather. Read more here

24th June 2019

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