Author: Admin

Thursday, July 12, 2007

Two 16-year-old British girls were arrested in Accra, Ghana earlier this month for apparently attempting to smuggle £300,000 worth of cocaine in laptop bags.

Yasemin Vatansever, of Cypriot descent and Yatunde Diya of Nigerian descent were arrested as they attempted to board a British Airways flight from the Kotoka International Airport on July 2, 2007. The arrest was by the Ghanaian Narcotic Control Board. They were alleged to be carrying 6.5 kg of drugs. They are currently in Ghana police custody and have been visited by British High Commission staff.

The girls who are both students from Islington, north London, had left home after informing their families they were making a school trip to France. They are expected to be charged with “possessing narcotic drugs and attempting to export drugs”, for which they could be jailed for up to ten years if found guilty.

The arrest is part of the Operation Westbridge project set up in November 2006 as a collaboration between the Ghanaian Narcotic Control Board and HM Revenue and Customs of the UK. It is to curb the influx of drugs into Europe and the UK through West Africa which is now being used as a transit point from South America. The project involves the provision of technical and operational expertise to the Ghanaian teams and training in the use of specialist scanning equipment. Ghana is the first country in Africa to introduce such equipment.

Retrieved from “https://en.wikinews.org/w/index.php?title=Two_British_girls_arrested_for_smuggling_in_Ghana&oldid=2611833”

Submitted by: M&A Critique

Oil and gas companies across the world, and especially in the US, inked a series of new mergers and acquisitions (M&As) last year after one year of moribund deal activities in 2015. As crude oil prices stabilized in a range between $40 and $55 a barrel, companies in the United States and other parts of the world took the opportunity to do upstream oil and gas acquisitions at cheaper valuations. The oil-rich Permian region in Texas (USA) witnessed a spate of M&A activities as the oil and gas industry has been quick to adapt and secure primary drilling sites and buy existing production facilities.

In 2016, a record 385 deals were made in US oil and gas business for a total value of $69 billion, as compared with $32 billion in 285 deals in 2015. The Permian region alone saw deals worth $27 billion, of which deals worth $9 billion were in the Midland sub-basin and $18 billion in the Delaware sub-basin. The other regions which saw oil deals were Marcellus, where there were deals worth $6.7 billion and Oklahoma, with $5.1 billion worth of M&A deal. The largest transaction was merger of two publicly traded E&Ps Range Resources $4.4 billion purchase of Memorial Resource Development. Buyers were looking to increase positions in premium resource business and sellers sought to monetized previous investments as implied value moved up after a long lull in M&A activities.

Global M&A deals

Apart from the US, even other countries witnessed series of oil deals. M&A deals in Russia made headlines as oil assets were available for cheap there too. The $11 billion acquisition of a 19.5% stake in Rosneft by Glencore and Qatar Investments was one of the biggest oil deals in Russia. Canada M&A activity accounted for another 415.6 billion, topped by Suncors $4.5 billion acquisition of Canadian Oil Sands.

Other notable global oil M&A deals were Statoils $2.5 billion acquisition of 66% interest in Carcara discovery from Petrobras, ExxonMobils $2.5 billion offer for InterOil, Rosnefts $1.58 billion acquisition of 30% interest in Zohr field from Eni, KazMunayGas for $1.22 billion and BP divesting Norwegian subsidiary to Aker and Det Norske for $1.15 billion. In 2016, the total global midstream M&A transactions were worth $145.7 billion, the second highest in the last six years. Even downstream global oil deals remained steady. The largest transactions were the Rosneft/Trafigura-led consortiums $12.9 billion acquisition of 98% of Essar Oil, Macquarie-led consortium acquiring 61% stake in UK gas distribution business from National Grid for $10.64 billion, and Tesoros $6.4 billion purchase of Western Refining. Even in 2015 oil companies were doing mergers like Shell acquired BG for $82 billion, which propelled the global M&A to $116 billion.

Even this year looks promising, as oil prices are still lower than the 10-year average price, which makes acquiring drilling sites much cheaper. Companies are expecting that oil prices will rise in the near future as OPEC countries cut production. Rise in oil prices will help companies to reap gains from the drilling acquisitions done now.

Gas deals in the US

[youtube]http://www.youtube.com/watch?v=nrXNuLqKrcU[/youtube]

As the US is turning out to be a large exporter of gas, companies are looking to acquire gas sites and production units closer to the Gulf Coast and spur up activities in regions like Haynesville, Barnett and the gas window of the Eagle Ford. Buyers in the US are of the opinion that there will be oil and gas supply shortfall at the end of the decade and whenever assets are cheap, it is better to snap them up.

The recovery in oil prices to $45 per barrel during last year summer had triggered a surge of acquisitions. In the US, deal data by region clearly point out that the recovery last year had been driven by some regions and some in particular like the Permian Basin in western Texas. The Permian is prized for its low-breakeven cost of producing a barrel of oil, leading to a gold rush of sorts which had sent the acreage of oil prices soaring there. The recovery in the US oil deal making was also driven by sales of underdeveloped acreage as opposed to reserves that are already producing. Interestingly, drillers were able to cut capital spending in areas where production was not that economical.

There were deals done in other regions apart from Permian and Marcellus as buyers added land to their existing acreage. More such purchases are likely to happen as companies have a lot of cash in hand. Banks that had lent to the energy sector in the past are still hesitant to lend despite the recovery in oil prices.

Going forward, deal making in the US will expand beyond the white-hot Permian to other prime oil resources including the Eagle Ford and Bakken. In gas, with LNG exports from the US increasing, deals are likely to take place in the Gulf Coast.

How oil M&A deal stake up IN USA

(Total of oil and gas)

Year No of deals Value ($bn)

2014 437 84.9

2015 285 31.7

2016 385 68.6

Source: PLS Inc

Oil deals in the Gulf

Keeping the trend of oil M&A deals, Saudi Arabia had bought oil portfolios of American energy assets last year. The state-owned Saudi Aramco is the co-owner with Royal Dutch Shell of Motiva, the largest US refinery. In a deal signed in April last year, Aramco will take full control of Motivas assets in a years time. Saudi Arabia is not the only country with energy assets in the US and close energy ally, the countrys aggressive oil deals in the US is an indication that the Saudi Arabia is expanding its reach in the US for oil. In fact, the US laws allow foreign companies to invest in and purchase US oil assets such as refineries and plants.

Reason for spurt in oil deals

Deal making had hit come to a halt in 2015 after the oil bust as banks tightened lending to distressed drillers and buyers and sellers were cautious of the valuation. However, in 2016 oil prices started to gradually move upwards and companies saw potential in prices going up. In fact, 2016 was year when oil prices started rising on strong economic fundamentals, especially the rise in prices of non-agriculture commodities. So, rising crude prices and easing capital markets have pushed up M&A deals in the oil and gas industry. In 2016, oil deals took place in midstream pipeline and storage sector and downstream refining and marketing space. The real recovery in deal-making was led by upstream exploration and production sector, which is into the core activity of finding oil and gas.Deal making was also made possible in large number because the gap had narrowed between what buyers were willing to pay and how much sellers were willing to accept. Moreover, sellers needed cash to pay down debt as private equity firms that bought energy assets had reached the end of their holding periods and looked to divest them.

Future outlook

The year 2017 will also be a promising year for oil M&As. Oil prices account for much of the volatility in M&A deals. When oil prices touched $100 a barrel in 2014, oil M&A deals virtually stopped in 2014 and 2015. Now, two years after OPECs attack on oil prices began, both OPEC and non-OPEC countries agreed to cut production beginning January 1, 2017. That is expected to boost oil prices to a reasonable level. One of the most critical components to a healthy deal market is stability in oil prices. The global oil industry has deleveraged and pared debt in the last two years through a host of asset sales.If US President Donald Trump comes out with friendlier regulations, it will help increase oil and gas production in the US. So, as oil prices recover deal markets will provide a significant growth platform for those buyers who were not able to capitalize on last years opportunities.

About the Author: M&A Critique is the only magazine, News published from India which gives M&A News, Mergers and Acquisitions News, Analysis, Restructuring, Takeovers, and JV.Read More:-

mnacritique.mergersindia.com/

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This exclusive interview features first-hand journalism by a Wikinews reporter. See the collaboration page for more details.

Friday, November 3, 2006

On November 13, Torontonians will be heading to the polls to vote for their ward’s councillor and for mayor. Among Toronto’s ridings is Scarborough-Agincourt (Ward 39). Two candidates responded to Wikinews’ requests for an interview. This ward’s candidates include Wayne Cook, Mike Del Grande (incumbent), Samuel Kung, Lushan Lu, Sunshine Smith, and John Wong.

For more information on the election, read Toronto municipal election, 2006.

Retrieved from “https://en.wikinews.org/w/index.php?title=Canada%27s_Scarborough-Agincourt_(Ward_39)_city_council_candidates_speak&oldid=435100”

Monday, June 14, 2021

Arthur Oliver Kostendt, a candidate running in the mayoral election of the US city of Cleveland, Ohio set to take place November 2, discussed his campaign and policies with Wikinews this spring.

According to Cleveland Scene, 29-year-old Kostendt is a member of the Cuyahoga County, Ohio Republican Party but has referred to his campaign as “casual”. According to his web site’s personal biography, he was a cadet for the Army Reserve Officers’ Training Corps (ROTC), scout platoon leader for the 2nd Squadron of the 107th Cavalry Regiment of the Ohio Army National Guard and logistics officer for the 1st Battalion of the 145th Armored Regiment. He served in Kuwait, Iraq, the United Arab Emirates and Saudi Arabia and assisted coalition force detachments in Southeast Asia.

Kostendt is a graduate of the University of Notre Dame and summa cum laude graduate of Cleveland State University. He writes he uses an apostrophe to abbreviate his middle name as “Arthur O’Kostendt” instead of the customary period after the O to emphasise his Irish heritage.

A poll published May 5 by Baldwin Wallace University, which does not feature Mr Kostendt, has Dennis Kucinich and Basheer Jones leading in the mayoral race by 17.8 and 13.3 points, respectively, with a margin of error of up to five per cent either way. 48% of those surveyed were undecided. Incumbent mayor Frank G. Jackson, who won the 2017 Cleveland mayoral election with 59% of the vote, is eligible for a fifth term but announced on May 6 he would retire.

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews_interviews_candidate_for_Cleveland_mayor_Arthur_Kostendt&oldid=4626048”

Tuesday, October 26, 2010

At least 113 people are now dead and hundreds more are missing after a 10 foot (3 m) tsunami destroyed several villages in a series of remote islands in western Indonesia. The tsunami was caused by a magnitude 7.7 earthquake which struck on Monday at 9:42 p.m. local time (14:42 UTC). The epicenter of the earthquake was 78 kilometers (48 mi) west of South Pagai, one of the Mentawai Islands off the west coast of Sumatra.

“We are predicting that people will need food supplies and shelter. The rain is coming down very hard, the wind is very strong,” a local police officer said, addind that emergency posts had been set up and patrols were being made to try and locate the missing. An official said that they had purchased 200 body bags “just in case.”

We have people reporting to the security post here that they could not hold on to their children, that they were swept away. A lot of people are crying.

A local official said that most of the buildings in the coastal village of Betu Monga had been destroyed when the tsunami struck. “Of the 200 people living in that village, only 40 have been found. 160 are still missing, mostly women and children,” he said. “We have people reporting to the security post here that they could not hold on to their children, that they were swept away. A lot of people are crying.” Food supplies, he added, were running low.

Wisnu Wijaya, the preparedness director with the National Disaster Management Agency, said that the government is getting aid to the islands. “We already sent a rapid response team to this area, coordinated by the provincial government. We have local disaster management at Padang, because right now the condition of the wave is quite high,” he said. Wijaya added that high waves and stormy weather have made it difficult to reach the affected areas, and communication was a problem. Emergency shelters have been set up and the first team from Sumatra was arriving Tuesday evening to begin a rapid assessment of the aid that was needed. “Up to now, I think we still can manage this problem. Maybe also we’ll send staff to go there and make a better coordination. If they need national resources to deploy there, we’ll be ready to support local government,” Wijaya said.

We threw whatever we could that floated—surfboards, fenders—then we jumped into the water.

The head of the regional government in the affected area told local television that some of the people recorded as missing may have moved to higher ground to take refuge from the waves. Rick Hallet, who was aboard his boat when the earthquake struck, told Australian television: “We threw whatever we could that floated—surfboards, fenders—then we jumped into the water. Fortunately, most of us had something to hold on to … and we just washed in the wetlands, and scrambled up the highest trees that we could possibly find and sat up there for an hour and a half.” The Australian Department of Foreign Affairs and Trade issued a statement saying that radio contact had been lost with a tourist boat in the area which could have been nine Australians and a Japanese national. A humanitarian organisation said that there were “genuine fears” for those aboard.

A spokesperson for a surfing resort on the coast of North Pagai said that they had “experienced a level of devastation that has rendered the resort inoperable”. Witnesses suggested that villas at the resort had been “wiped out” by the tsunami. One report suggested that a 10 feet (3 m) wave had hit the resort, causing boats to burst into flames. “There was a lot of debris floating in the water, including bar stools and other pieces of furniture from Macaronis Resort,” a member of staff said. Reports suggested that water had reached rooftops in North Pagai.

Indonesia sits on the Pacific Ring of Fire, an area prone to seismic shifts that spark earthquakes and volcanic activity. A massive earthquake in 2004 caused a tsunami that killed more than 230,000 people across the Indian Ocean. After that disaster Indonesia worked to establish early warning systems and disaster management programs to help deal with future quakes.

Retrieved from “https://en.wikinews.org/w/index.php?title=Over_100_dead_and_hundreds_missing_in_Indonesia_after_tsunami_destroys_island_villages&oldid=3334748”

By Sean A. Kelly

Back in 2009 when the economy started sliding indefinitely, my high school classmate Ralph started to face issues with his monthly mortgage loan repayment. This was primarily caused by the fact that Ralph lost his day-job as his company started retrenching that year, and left him precariously positioned in terms of financial stability. Without his main source of income, Ralph was forced to look for alternative jobs, most of which did not pay regularly. As a result, his mortgage loan started to suffer as he missed several payments in a stretch. He faced the additional problem of owning a home that did not appreciate in terms of value. Thus he owned no equity in his home at that time, and could not apply for a home equity loan. He was at a loss of how to overcome his mortgage issue, and was exploring the option of conventional home refinancing when the government introduced the Making Home Affordable (MHA) program. The MHA program had two main components to help ailing homeowners cope with their monthly mortgage loan repayments, the Home Affordable Refinance Program (HARP) as well as the Home Affordable Modification Program (HAMP). This introduction came in a timely manner for Ralph, who opted for the HARP mortgage program immediately. The HARP mortgage program was one that allows homeowners to refinance their home even if the owners do not possess any equity in the home, and this suited Ralph perfectly.

Under the HARP guidelines, you are eligible to apply for this program if your home’s original value does not exceed 125% of your home’s market value at the time of application. The value of Ralph’s home at the time of application was approximately equal to what he paid for initially for the property. Thus he qualified comfortably for the program. After going through the application process, Ralph succeeded in refinancing his home at a lower interest rate, and managed to lower his monthly repayment amount by almost 30%. This in turn helped him cope better with the monthly mortgage loan payments, and has helped him retain his home and recover his financial stability slowly but surely. Today Ralph has managed to obtain a new day job, and has returned to his normal cheerful self with his finances back in order. And without the assistance of the HARP mortgage program, this definitely would not have been possible!

[youtube]http://www.youtube.com/watch?v=wk2cCN06DJ8[/youtube]

The HARP government home mortgage program does not have a minimum credit score requirement. Thus you could still apply for this program if you have low credit scores and are unable to obtain conventional home refinancing packages with attractive interest rates. The same could be said about the HAMP. This program also allows those with bad credit scores to modify their mortgage loans successfully. By opting for the HAMP, you could seek to alter your mortgage loan by either increasing the duration of your loan deal, or seeking a lower interest rate for the mortgage loan. Either way, you would end up lowering your monthly repayment amount to your lender, resulting in you being more comfortable in servicing your mortgage loan.

Remember that even if your property’s value has dropped compared to the price that you paid for it, you could still successfully refinance the property. And by opting for government mortgages refinancing plans such as the HARP, you could save further by avoiding excessive closing costs or processing fees. This makes this option even more attractive to consider if you are currently struggling to service your mortgage loan. Take your time and consider your options carefully before settling on the best mortgage refinancing option for you and your home. All the best!

About the Author:

HARP mortgage programgovernment home mortgage programgovernment mortgages

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Tuesday, May 29, 2007

File:Bathurst location map in New South Wales.PNG

Police searching for the remains of missing Bathurst woman Janine Vaughan have discovered bones which they claim may belong to the missing woman. Ms Vaughan disappeared after being seen getting into a red car with a male after being a Bathurst pub on December 7, 2001.

On Sunday, police began a fresh search for the missing woman’s remains after they received new information. On Monday at approximately 3:00 p.m. AEST police discovered bones during a ground sweep of an area off Montavella Road, Gormans Hill adjacent to the Macquarie River. Forensic services police were bought in several hours later, but initial tests proved inconclusive.

Police were guarding the site overnight and forensic officers are expected to conduct further tests today.

Police also search bushland near a creek at Yetholme, 15 km East of Bathurst on Monday using two specialist cadaver dogs on loan from Queensland Police.

Police have revealed that the search has prompted several members of the local community to call the police’s Crime Stoppers hotline with information. Chief Superintendent Mark Holahan said “It’s a cross-section of information. Some of it will probably lead us to some new lines of inquiry, and some of it will help us to reaffirm some of those things we already know.”

The detective who led the initial investigation into Ms Vaughan’s disappearance for several days continues to be a person of interest to police in the case. The detective, Brad Hosemans, is also a former deputy mayor of the city. Mr Hosemans, who has since left the police force, has denied any involvement.

Chief Supt. Holahan said the former detective was only one of a number of persons of interest in the case.

The Police Integrity Commission has investigated the initial handling of the case but is yet to hand down a finding.

Retrieved from “https://en.wikinews.org/w/index.php?title=Bathurst,_NSW:_Police_find_bones,_%22may_belong_to_missing_woman%22&oldid=3130364”

Wednesday, March 23, 2011

By causing the mutation of one specific gene, researchers have produced mice with two frequently encountered behavioral traits of persons diagnosed with autism. Autism commonly affects the ability to interact socially and is associated with repetitive behavior. The finding was reported in the March 20 online edition of Nature.

Using mice, researchers at the Massachusetts Institute of Technology (MIT) and Duke University mutated one of the genes associated with autism, known as shank3, a gene that controls the production of the shank3 protein present in the brain. Mice that were given this mutation exhibited repetitive behavior and avoided social interactions with the mice around them.

According to MIT Professor Guoping Feng: “Our study demonstrated that Shank3 mutation in mice lead to defects in neuron-neuron communications.”

Shank3 protein are found in synapses within the brain. Synapses allow brain cells (called neurons) to communicate with each other. The mutation in the mouse gene interfered with this communication, apparently producing the subsequent autism-like traits. Researchers believe their work demonstrates the important role of shank3 in the functioning of brain circuits that determine behavior.

While hundreds of genes have been linked to autism in human patients, only a small percentage have been linked to shank3. Professor Feng hypothesizes that disruptions of other genes that act on the production of brain proteins affecting synaptic communication may also be related to autistic behavior. If this disruption is real, Feng claims that treatments could be developed to correct synaptic function for any defective synaptic protein in an autistic patient.

Feng continued; “These findings and the mouse model now allow us to figure out the precise neural circuit defects responsible for these abnormal behaviours, which could lead to novel strategies and targets for developing treatment.”

About one in 110 children in the U.S., and at least one in 100 in UK, have been diagnosed with an autism spectrum disorder, for which there is currently no effective cure.

Retrieved from “https://en.wikinews.org/w/index.php?title=Gene_mutation_produces_autism-like_traits_in_mice&oldid=4050983”

Tuesday, August 29, 2006

Assuming the role of Rene Oswin, spokesperson for United States Department of Housing and Urban Development (HUD) in New Orleans, Louisiana, a member of The Yes Men gave a satirical 15-minute speech claiming that HUD had reversed its decision to demolish four serviceable public housing complexes — a controversial action, suspected by many former residents and the NAACP as a policy intended to drive out poor black families. The media coordinator for the Survivors Village, Annie Chen, applauded Oswin.

Alternatively, Oswin proposed for Wal-Mart “to withdraw from areas near low-income New Orleans neighborhoods and to help nurture local businesses to replace them,” “partnership with health departments and the CDC” to “insure there is at least one well-equipped public health clinic for every public housing development,” and “that Exxon and Shell have agreed to finance the rebuilding of the protective wetlands from part of their 60 billion dollars in profits this year.”

From Washington, D.C., HUD spokeswoman Donna White confirmed the speech as a hoax and that no one named Rene Oswin works for the department. She said, “I’m like, who the heck is that?”

Retrieved from “https://en.wikinews.org/w/index.php?title=HUD_hoaxer_calls_attention_to_lack_of_affordable_housing&oldid=3148241”

Submitted by: Tom Kranz

If you are new to the game of World of Warcraft, you have probably acquired a little bit of experience with the in-game quests. Generally, the World of Warcraft quest is relatively simple and easy to understand. However, there is the occasional quest that brings it when it comes to challenge. For these obstacles, you may be pleased to know that there are many popular World of Warcraft quest helper websites available to you. Most of these websites provide guides, walkthroughs, and tips at no charge whatsoever!

If you are new to the world of Azeroth and the game of World of Warcraft, you should get out a piece of paper and jot down the websites that I am about to share with you. If you have none handy, at least bookmark this page. You are about to receive only the best of the best when it comes to World of Warcraft Quest Helper websites.

The World of Warcraft quests are one of the most exciting aspects of the game. These are challenges that are offered to the characters of the game. The character is issued a job so to speak, and must complete that job according to the standards specified. Once the job has been completed, you must return to the person that issued it, usually handing them the items or information they asked for, and a reward is issued.

[youtube]http://www.youtube.com/watch?v=UAG6XzGah8Q[/youtube]

This reward may be any number of things weapons, armor, food items, copper, silver, gold, and many other types of items. This means that the World of Warcraft quest is one of the most important aspects of the entire game, providing players with a route to acquire rare or exciting items not normally available. This is why many businesses and individuals have created websites that specialize in assisting gamers of WoW in questing their characters. Two of the most popular websites in this category include THOTTBOT and Allakhazam.

THOTTBOT and Allakhazam are extremely powerful and advanced tools for the WoW gamer. These websites have an extremely large database of completed quest walkthroughs that can assist an individual in the process of successfully finding their quests, the tasks that must be done in those quests, and completing them in order to reap the benefits of the rewards offered with that quest. This gives players a huge boost when it comes to choosing how to spend their time within the game, allowing you to maximise the chance of gaining levels, gold, or rare items, with the minimum of effort.

World of Warcraft currently supports approximately 11 million paid user accounts, and now, these two popular World of Warcraft quest helper websites offer detailed instructions and techniques to many of these players. With updates provided by the community of WoW gamers, you can be assured that their information and guides are regularly updated with each patch and content release. If you have been searching for a helper website, these two are sure to get you right where you need and want to be as far as level status in the World of Warcraft.

About the Author: Tom Kranz has written articles on

World of Warcraft gold

and the many

World of Warcraft mods

which are available, as well as a number of

World of Warcraft guides

.

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