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New global disaster plan sets targets to curb risk, losses

2015-03-18 19:29:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Governments set targets to substantially reduce deaths and economic losses from disasters at a U.N. conference in Japan on Wednesday, but critics were disappointed by the lack of a firm goal to ramp up financial support for poor countries. The non-binding agreement adopted after a marathon negotiating session, includes seven targets to measure progress on protecting people and assets that experts described as a leap forward. The Sendai Framework for Disaster Risk Reduction, a 15-year plan,...

Tags: plan global risk sets

 

Cathay Pacific Airways may post hefty fuel hedging losses

2015-03-16 08:17:37| Airlines - Topix.net

Carrier expected to report stronger profit of HK$3.4 billion for year despite taking a bad hit from locking in oil prices at higher than spot Analysts polled by Bloomberg expect Cathay to post a net profit of HK$3.43 billion for last year, compared with HK$2.62 billion in 2013. Photo: AFP Cathay Pacific Airways, which is due to post its annual results on Wednesday, may report hefty fuel hedging losses of up to HK$14 billion because it locked in fuel prices at higher than spot prices, which then plunged 50 per cent in the second half of last year.

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U.S. Jewelry Industry Losses From Crime +17% in 2014

2015-03-13 03:45:01| Jewelry - Topix.net

Dollar losses from criminal activity aimed against the jewelry industry in 2014 jumped nearly 17 percent year on year to $77.8 million due to a surge in the number of smash-and-grab robberies, according to the Jewelers Security Alliance . However, the group's annual crime report noted that the number of crimes against the industry as a whole decreased from 1,414 in 2013 to 1,381 in 2014.

Tags: in industry jewelry crime

 

NII returns to subs growth, but posts hefty losses

2015-03-13 01:00:00| Total Telecom industry news

Latin American telco says posting first quarterly subscriber additions in six quarters represents turning point.

Tags: posts returns growth losses

 

E.ON reports record group losses as prepares to hive off fossil fuel business

2015-03-12 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: E.ON, the German power group and one of the UKs big six energy suppliers, has reported record annual losses as it prepares to unveil details of how it will hive off its troubled fossil fuel business. The company blamed plunging wholesale electricity prices and very low oil prices for the EUR3.2bn deficit, which is more than 50% bigger than the loss recorded 12 months earlier. Profits from the UK supply business remained steady at just under 300m but its revenues dropped by 600m. E.ON...

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