Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 338

Posts Tagged ‘decision’

Joint hearing on the consequences of the German Constitutional Court decision

Posted by fidest press agency su lunedì, 13 luglio 2020

Brussels Tuesday, 14 July 2020, 9.30 – 11.00 European Parliament in Brussels, Altiero Spinelli building, room 1G-3, with remote participation. The hearing will bring together MEPs from the two competent European Parliament Committees and a number of experts, with a view to discussing the legal and constitutional consequences of this ruling from an EU law perspective. Markus Ludwigs (Julius-Maximilians-Universität in Würzburg), Renáta Uitz (Central European University in Budapest), Diana Urania Galetta (University of Milan) and Joseph H.H. Weiler (NYU School of Law & Harvard Centre for European Studies) will present their views and answer MEPs’ questions during the ensuing discussion.
On 5 May 2020, the Second Senate of the German Federal Constitutional Court delivered a judgement concerning the implementation in Germany of the bond-buying programme of the European Central Bank (ECB), declaring that the public assets purchases programme (PSPP) exceeds the competences of the ECB. Although this ruling does not affect the ability of the ECB and the European System of Central Banks (ESCB) to continue the implementation of the programme, it has put in question the role and attributions of the European Court of Justice (CJEU) in the constitutional architecture of the European Union, and to a certain extent, the primacy of EU law.

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Technicolor comments on Moody’s decision and maintains its outlook

Posted by fidest press agency su lunedì, 21 ottobre 2019

Paris (France), 18 October 2019 – Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) acknowledges Moody’s decision to downgrade its financial rating from B2 negative outlook to B3 negative outlook but maintains its business outlook.The Moody’s downgrade refers to Technicolor’s operating performance and cash flow generation in the first half of 2019 combined with their view, which Technicolor disagrees with, of an increasingly weakening macroeconomic environment in the Production Services activities justified by the recent bankruptcy filing of Deluxe Entertainment.The change in rating has no impact on the investments that the Group is pursuing to support its organic growth in Production Services and to deliver its transformation program in Connected Home. The Group’s profitability and cash flow generation in the second half will improve significantly, supported by recurring positive second half seasonality and by a catch-up effect in both Production Services and Connected Home. In fact, “Moody’s expects that the company will be able to significantly improve its operational and financial performance” in the second half of 2019.Regarding the Production Services activity, Technicolor delivered a growth of c.10% in the first half of 2019 maintaining its global leadership position in Visual Effects for Films, Episodic and Advertising. This very dynamic market is driven by, among other things, the launch of numerous new streaming services. Technicolor is well engaged in responding to the opportunities arising out of this changing market.As at 30 June 2019, Technicolor had €325 million of liquidity, composed of cash on hand of €65 million and available committed credit facilities of €260 million maturing in December 2021.
The Technicolor Board of Directors, including RWC Asset Management and Bpifrance Participations, unanimously reiterates its support for ongoing structural actions aimed at strengthening the Group.Technicolor will publish its third quarter trading update on 5 November 2019.

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35th Annual Strategic Decisions Conference

Posted by fidest press agency su domenica, 19 Maggio 2019

Wells Fargo & Company (NYSE: WFC) said today that Interim Chief Executive Officer and President Allen Parker will present at the Bernstein 35th Annual Strategic Decisions Conference in New York on Thursday, May 30, 2019, at 9 a.m. ET (6 a.m. PT).
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,700 locations, more than 13,000 ATMs, the internet ( and mobile banking, and has offices in 33 countries and territories to support customers who conduct business in the global economy. With approximately 262,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune’s 2018 rankings of America’s largest corporations.

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WJC President Ronald S. Lauder praises UK’s ‘principled’ decision to vote against Item 7 at UNHRC

Posted by fidest press agency su sabato, 23 marzo 2019

NEW YORK – World Jewish Congress President Ronald S. Lauder on Thursday praised the United Kingdom’s announcement that it has decided to vote against Permanent Agenda Item 7 resolutions at the United Nations Human Rights Council. The UNHRC is currently meeting in Geneva for its 40th session, in which member states will be voting on five anti-Israel resolutions, four of which fall under Item 7 – the only permanent item on the agenda targeting a particular country.In response to Foreign Secretary Jeremy Hunt’s announcement Thursday in an op-ed in the London Jewish Chronicle, Lauder said:“The World Jewish Congress and our 100 affiliated communities worldwide extend our deep gratitude and praise to the United Kingdom for taking the principled stance of voting against the blatantly one-sided and biased resolutions up for debate under Item 7, the only country-specific item on the United Nations Human Rights Council’s agenda.”“As we have said time and again, the UNHRC routinely misses the critical opportunity to expose the accountability of the Palestinian leadership for the deterioration of human rights in the territories under their control, and instead chooses to scapegoat Israel with severe and absurd double standards,” Lauder said. “These resolutions place undue blame on Israel for human rights abuses, while explicitly ignoring the responsibility and culpability of the Palestinian leadership, including Hamas, to this regard.”“This one-sided approach directly harms the Palestinians and exacerbates their suffering, while derailing the Council from meaningful and effective debate and undermining its credibility as a body dedicated to defending human rights around the world,” Lauder added.“We urge other European Union states to follow in the UK’s lead and firmly reject the UNHRC’s pathological promotion of anti-Israel resolutions,” Lauder said. Marie van der Zyl, President of the Board of Deputies of British Jews, said: “We congratulate the UK on its new and principled stance on announcing that it will fulfill its promise to vote against all resolutions tabled under the UN Human Rights Council’s discriminatory Item 7. We would particularly like to thank Prime Minister Theresa May and Foreign Secretary Jeremy Hunt for their leadership on this issue. All supporters of human rights should applaud this move, which could in time lead to the UN ceasing to be discredited through its overt partisanship and becoming trusted once again as the arbiter of universal human rights that we all want it to be. We call on other states who genuinely support the advancement of human rights to follow the UK’s moral stand.”

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Newtonian politics: the master cliché about Bosnia

Posted by fidest press agency su domenica, 13 marzo 2016

Recent ESI presentations on refugeesOne debate in EU capitals today is whether Bosnia is “ready for the next step.” The conventional wisdom that Bosnians cannot coordinate when it comes to EU matters is wrong. The history of relations between Bosnia and the EU since 2000 shows that whenever Bosnian institutions were seriously challenged by the EU to co-ordinate, they were able to do so – often to the surprise of their European counterparts. A new ESI report explores this history and sets the record straight. It tells the forgotten story of Bosnia-EU relations. It shows that it was not squabbles between Bosnia’s political leaders and their inability to work together that delayed Bosnia’s long overdue application for membership, but arbitrary conditions, specially devised for Bosnia and applied to no other accession country.
Idomeni1At the same time we argue for a concrete step to be taken by EU leaders without delay. The next step in the process would be a decision by the 28 EU member states to ask the European Commission to prepare an opinion (avis) on the Bosnian application. In the case of Croatia in 2003, it took two months for EU member states to ask the Commission to do this.Receiving a questionnaire is not a reward for political leaders. It is like a voucher for three months in a boot camp for civil servants, with a program designed by ex-Royal Marines: the civil service equivalent of circuit training, obstacle courses, swimming and boxing. You put yourself through this only if you are highly motivated and believe in the process. Bosnia’s Europeanisers in the public administration do not need more carrots and sticks to work on Bosnia’s EU agenda. They need to be taken seriously. Then they and their colleagues will respond to professional challenges professionally.It was high time for Bosnia to submit an application for EU membership. It is high time for the EU to treat Bosnia as a normal candidate: strictly but fairly. The sooner the Bosnian civil service at all levels of the state can work on answering the questionnaire to obtain candidate status, the better for Bosnian citizens, for the EU and for the cause of reforms. The EU should encourage the ambition of the Bosnian presidency, not thwart it. It is a bet that the EU should be willing to make now, in its own interest. (photo: Burgtheater in Vienna)

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Panama Suspends Construction of FMO-funded Barro Blanco hydroelectric dam over environmental and human rights abuses

Posted by fidest press agency su venerdì, 13 febbraio 2015

OLYMPUS DIGITAL CAMERAKiad, Panama/Amsterdam. Following years of community protest, the Government of Panama temporarily suspended the construction of the Barro Blanco dam. The decision was publicly announced by Panama’s Environmental Agency, ANAM, Monday. The indigenous communities whose land would be flooded by the dam had demanded the suspension for years. Although the decision comes when the dam’s construction is near to completion, the Movimiento 10 de abril (M-10) is satisfied that steps are finally being taken to address their concerns.“We have been intimidated and some of our members were even sued in court, but we have always persisted in claiming our right to be consulted on projects in our territory,” said Manolo Miranda, representing the M-10. Since the new government took to power in 2014, there has been increased recognition of the communities’ grievances, finally leading to this ground-breaking decision.The Barro Blanco dam, once completed, is expected to flood homes, schools, religious, archaeological, and cultural sites in the Ngöbe-Buglé comarca (indigenous traditional territory). The project will require part of the indigenous Ngöbe communities currently living on the shores of the river to leave their land to which they have strong cultural ties.ANAM finally decided to suspend construction after finding the project to be out of compliance with its environmental impact assessment (EIA). The breaches include, among other things: the lack of agreement with the affected communities, absence of an approved archaeological management plan, repeated failures to manage sedimentation and erosion, poor management of solid and hazardous waste, and logging without permission.Two Dutch and German development banks, FMO and DEG respectively, have each invested USD 25 million in this project. They invested in this controversial dam despite the fact that local communities and civil society had raised concerns about the project with them. After critical reports by the UN Development Programme and the UN Special Rapporteur on the Rights of Indigenous Peoples, the current suspension is yet another very strong signal that FMO and DEG largely underestimated the adverse human rights and environmental impacts of the project.“FMO and DEG never came to the affected area to see whether the project complied with their policies and national laws,” explained Manolo Miranda. This news comes at the same time FMO and DEG’s Independent Complaints Mechanism (ICM) is investigating a complaint filed by local groups including the M-10, with support from Both ENDS and SOMO. The ICM’s compliance report is expected to be published in mid-March.“FMO and DEG should respond publicly to the report. If the ICM finds that FMO and DEG failed to comply with their own policies, they must identify how to bring the project back into compliance with its policies or divest from the project completely.” said Anouk Franck, a senior policy advisor at Both ENDS.
“The FMO asserts that when it finances projects, it has leverage to improve their clients’ environmental and social performance,” said Kris Genovese, a senior researcher at SOMO. “FMO has failed to do so in the course of this project and more so, failed to assess the extent to which the affected community was left out of decision-making.” “We repeat our request to FMO to use its leverage to ensure that the human rights of the Ngöbe are finally respected. Free prior and informed consent is the bottom line. The failure to ensure FPIC in this project has led to unnecessary conflict. I hope FMO will learn that in future projects it needs to deal with human rights from the start,” said Anouk Franck.

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Council of Europe Sides with CEC on Human Rights complaint

Posted by fidest press agency su venerdì, 14 novembre 2014

The commissione europea of Social Rights has delivered a decision in favour of the Conference of European Churches in its complaint against the Netherlands. In early 2013, CEC asked the Committee to find that the right of undocumented adult migrants to food, clothing, and shelter has not been respected, in violation of the European Social Charter. While the Netherlands ratified the Charter and its subsequent revision, it asked the Committee to dismiss the complaint on the grounds that foreigners staying within its territories in an irregular manner fall outside the scope of application of the Charter.In a twenty-three page decision delivered on 10 November 2014, the Committee unanimously agreed that the Netherlands was in violation of Article 13§4 and Article 31§2 of the European Social Charter. These sections detail rights to social and medical assistance, and the right to housing, respectively.Citing relevant international materials, including the Universal Declaration of Human Rights, the Committee concluded that “When human dignity is at stake, the restriction of the personal scope should not be read in such a way as to deprive migrants in an irregular situation of the protection of their most basic rights.”
CEC General Secretary, the Rev. Dr.Guy Liagre, welcomed the Committee’s decision, “We are pleased with the preliminary outcome of this complaint and what it signals for marginalised people. CEC is hopeful that this decision will contribute to the wellbeing of failed asylum seekers and undocumented immigrants in the Netherlands and beyond.” Liagre also affirmed the spirit of the decision, which restated the Charter’s role in protecting human rights not only theoretically, but also in fact.

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Money laundering, transfer of funds, fraud, Europol

Posted by fidest press agency su venerdì, 26 settembre 2014

BruxellesCivil Liberties MEPs give green light to negotiations with member states The Civil Liberties, Justice and Home Affairs Committee decided on Wednesday to open the negotiations on the legislative files on money laundering, transfer of funds, fight against fraud and Europol. The three-way talks between the Parliament, the Council and the Commission (trialogues) will start soon.The mandate for the negotiations correspond to the amendments adopted in plenary during the previous term, as reconfirmed by the Civil Liberties Committee in its decision to resume its “unfinished business” (rule 229 of the EP Rules of Procedure).The decision by the committee to enter into negotiations with the Council and the Commission in view of an agreement also includes a decision on the composition of the EP negotiating teams.

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UNWTO welcomes T20 decision to advance visa facilitation

Posted by fidest press agency su mercoledì, 23 Maggio 2012

UNWTO welcomes the Declaration issued by the Tourism Ministers of the G20 economies (T20) calling for priority to be given to facilitating travel as a means to boost economic growth and create jobs.“To ensure that tourism can play a key role in creating employment opportunities, both directly and indirectly through linkages to the local economy, raising national income, improving the balance of payments and boosting economic growth, priority should be given to facilitating travel and tourism,” says the Declaration.Preliminary research prepared by UNWTO and the World Travel & Tourism Council (WTTC) estimates that certain improvements to visa processes could create an additional five million jobs for the G20 economies by 2015 and generate an additional US$ 206 billion in international tourism receipts.In light of the role of visa facilitation in supporting economic growth and job creation, and given the current economic climate, the Declaration encourages the G20 to leverage new technologies to make travel “more accessible, convenient and more efficient without a diminution of national security.” It further proposes countries look into increasing cooperation on bilateral, regional and international travel facilitation regimes.“UNWTO applauds the commitment of the G20 Ministers of Tourism to visa facilitation,” said UNWTO Secretary-General, Taleb Rifai, on the occasion of the 4th Meeting of the T20. “This Declaration is an extremely positive signal to the international community that we are moving ahead on this issue of vital importance to the tourism sector and the global economy.” The Ministers of Tourism and Heads of Delegations of the G20 countries met with the President of Mexico and current G20 Chair, Felipe Calderón, as well as with the Minister of Foreign Affairs of Mexico, Patricia Espinosa (Mérida, Mexico, 16 May 2012). President Calderón congratulated the T20 on its focus on visa facilitation and assured Ministers he would take their message forward to the G20. Russia, which holds the 2013 Presidency of the G20, will host the 5th T20 Ministers’ Meeting.

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Delay in climate decisions will cost more

Posted by fidest press agency su martedì, 6 dicembre 2011

Durban Delaying any decisions on future climate action until 2015 or 2020 will bring a rapidly increasing risk in costs and threatens the likelihood of the world being able to keep global warming to below 2 degrees C, the Climate Action Tracker warned today in its Durban update. We are heading toward a global emissions pathway that will take warming to 3.5degC, and far from a cost-optimal pathway to keep warming below 2degC, according to the latest analysis from the Climate Action Tracker, a joint project of Climate Analytics, Ecofys and the Potsdam Institute for Climate Impact Research. With the current pledges taken under the Cancun Agreements, global emissions would be on a pathway where, in 2020, we would be emitting 55 gigatonnes of CO2 equivalent a year (GtCO2e/year), way above the levels consistent with a 2degC pathway of below 44GtCO2e/year. This is in line with the UNEP “Bridging the Emissions Gap” report. Even the 2degC pathway itself is difficult, as the world will have to cut global emission levels 2% a year (on 2000 levels) from 2020 to 2050.But leaving mitigation decisions until 2020, i.e. staying with the current pledges, would mean those emissions would need to be reduced by 3.8% a year after 2020, almost twice as fast. The scientists also called for a common set of accounting rules so as to lead to better transparency.With no common accounting system to compare countries, scientists are forced to make assumptions on what lies behind government pledges. While we are transparent on the assumptions made, having a wide variety of assumptions hardly leads to transparency overall. A set of common rules would ensure a higher level of transparency, ensure comparability and build confidence. This would help our work and – we think – would also benefit the overall process.Examples include
• LULUCF rules, where countries have quite different ways of measuring and accounting, for example the US and Australia
• Shifting baselines, especially with big developing countries, such as Brazil
• Pledges that are based on a variety of measurements, such as China’s emissions intensity/GDP.
• The wide variety of accounting in forest management submissions where:
– 31 countries submitted reference levels based on projections;
– three countries submitted historical reference levels based on a single year 1990;
– one country chose the average removals during a historical time series (1990-2006);
– and one country kept the Kyoto rules from the first commitment period: gross–net accounting using a narrow approach.
• Fast Start Finance accounting, for example Japan’s accounting between public and private financing has a difference of USD $3.4 billion.

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Stop Oil Spill campaign and EU decision

Posted by fidest press agency su domenica, 17 ottobre 2010

On October 13th, the European Commissioner for Energy, Gunther Oettinger, officially abandoned hopes for a moratorium on deep water offshore oil rigs. In spite of this setback, he announced that European legislation concerning offshore oil drilling business (regulations, measures…) would be established. Last July, the Commissioner spoke out in favour of a deep water moratorium, but yesterday, on the day of the lifting of the American moratorium, the European Commissioner stepped back from his previously stated position. This decision is not unexpected, considering the opposition shown by the European Parliament on October 7th, and by the stonewalling from the United Kingdom. Once again, Surfrider reveals that the European authorities are unable to implement the precautionary principle, exposing all of us to the potential occurrence of a catastrophic oil spill in Europe. Developing and implementing this new legislation is urgent. Surfrider is committed to monitoring developments of every new oil drilling rig project. Surfrider renews its call for citizens to come and sign the petition calling for a moratorium. Find the petition on:

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Women’s Ordination as Most Serious Church Crime

Posted by fidest press agency su sabato, 17 luglio 2010

“The Vatican’s decision list women’s ordination in the same category as pedophiles and rapists is appalling, offensive, and a wake-up call for all Catholics around the world.  This new canonical declaration which names women’s ordination as a serious crime against the Roman Catholic Church is medieval at best.  The idea that a woman seeking to spread the message of God somehow “defiles” the Eucharist reveals an antiquated, backwards Church that still views women as “unclean” and unholy.   It is clear this recent decision was made out of fear of our growing numbers. The Vatican is using this attempt to extinguish the widespread call for women’s equality in the church. In a statement published on May 29, 2008 in L’Observatorio Romano, the Vatican’s official newspaper, all women who “attempt ordination” and the bishops who ordain them are automatically excommunicated, known as latae sententiae. Adding delicta gravioria as a scare tactic to already “excommunicated” women and the priest who support us is ridiculous and does not make a bit of difference. Excommunication did not work, and neither will this. In the face of one closed door after another, Catholic women will continue to make a way when there is none. We will continue to speak out. And women will continue to prophetically answer their call to priestly ordination with or without the Vatican’s approval.  Furthermore, we are extremely disheartened that the Vatican did not appropriately use this opportunity to meaningfully address the handling of sexual predators in its ranks. While some strides were made in this revision of the 2001 sexual abuse policy, it does not go far enough. We are calling on our members to take action: express their concern and call for real accountability by demanding that the hierarchy release the names of all accused Catholic leaders; reach out to survivors and take steps to make sure children are protected now; and, discontinue all financial contributions that benefit the United States Conference of Catholic Bishops.”
Founded in 1975, the Women’s Ordination Conference is the oldest and largest organization that works to ordain women as priests, deacons and bishops into an inclusive and accountable Catholic church.  WOC represents the 63 percent of US Catholics, and millions of Catholics worldwide, who support women’s ordination. WOC also promotes new perspectives on ordination that call for more accountability and less separation between the clergy and laity. In 1976, the Pontifical Biblical Commission concluded that there is no valid scriptural reason for denying ordination to women. However, the Vatican ignored this finding and in 1994, Pope John Paul II officially forbade discussion of women’s ordination.  People have been fired from their jobs in Catholic institutions simply for discussing the issue.

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Decision to keep its European arm Opel

Posted by fidest press agency su lunedì, 9 novembre 2009

“As GM will no longer be selling Opel to Magna, they will be required to share their own European restructuring plans with the German, UK and other European Governments in order to secure any financial support and to justify their change of strategy. As part of these restructuring plans, GM may need to makecuts as dramatic, if not more so, than Magna were planning but these would likely be spread across more countries in Europe rather than in any specific country. Unlike the Magna plan, GM could look at leveraging Opel’s engineering capabilities and expertise in small and medium segment vehicles to create common platforms and reduce costs through standardisation. Aside from this, GM will have to look at reducing production capacity which may lead to more job losses. Should GM defer these tough decisions and succumb to pressures from the European governments, they will only be postponing an inevitable surplus capacity problem currently facing Opel and the European automotive industry as a whole. These changes could mean severe consequences for suppliers, not only in terms of reduced volumes but also pressure on reducing prices. Again, GM should look towards standardisation of components as part of its platform strategy, and also rationalise its supply base across its global operations. However, this strategy would require more time to implement compared to capacity rationalisation. GM would certainly consider new suppliers, so long as they are competitive on price and capabilities.”

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Flash Order Offering

Posted by fidest press agency su sabato, 8 agosto 2009

New York, (Nasdaq:NDAQ) announced that it will voluntarily cease offering flash order types, effective September 1st, 2009.  We appreciate that Chairman Schapiro and the Commissioners will assume overall leadership for the industry to conduct a comprehensive review of all issues related to flash orders. We recognize the SEC’s rulemaking process will take time, yet as an exchange we have the ability to move on our own. We respectfully call on other markets offering similar functionality to make the same decision.
The NASDAQ OMX Group, Inc. is the world’s largest exchange company. It delivers trading, exchange technology and public company services across six continents, with over 3,800 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more

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