Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 244

Posts Tagged ‘statement’

Statement by EP Conference of Presidents on long-term EU budget and Rule of Law

Posted by fidest press agency su venerdì, 20 novembre 2020

The Conference of Presidents (EP President and political group leaders) met today and reaffirmed the European Parliament’s position regarding the deal reached with the Council on the Multiannual Financial Framework (MFF) regulation, the related Inter-institutional Agreement (IIA), the related set of unilateral and joint declarations, and the regulation on Rule of Law conditionality.The European Parliament already adopted its opinion on the Own-Resources Decision on 16 September, well in time to allow the Council and subsequently the Member States to ratify the Decision by the end of 2020.We ask the Council to adopt the package and begin the ratification process as soon as possible. The European Parliament’s leadership deeply regrets this delay and reiterates that the agreements reached (on both the MFF and the Rule of Law) are a closed deal and can in no way be reopened.

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WTO ruling in Boeing case: Statement by Trade Committee Chair

Posted by fidest press agency su venerdì, 16 ottobre 2020

Following the WTO authorization to levy EU sanctions worth $4 billion on US imports, trade committee Chair Bernd Lange (S&D, DE) made the following statement Tuesday.”We have been waiting for this decision for a long time. After 15 years, the European Union finally got the green light to impose rebalancing tariffs worth $4 billion. I sincerely hope that this decision will work as an incentive to end these disputes through a negotiated settlement. That should remain the absolute priority because in times like these we should, more than ever, work together and not against each other.I therefore call on both sides to enter into negotiations to reach a long-term agreement on civil aircraft subsidies. The mini-deal concluded between the EU and the US has already created a momentum.However, if there is no constructive engagement from the American side even after the presidential elections, the EU should not be naive. Instead, it should enforce its rights by putting in place the tariffs the WTO rules now allow the EU to impose. We will levy tariffs within the boundaries set by the WTO. These rules allow us to take countermeasures that safeguard the interests of the European Union”.

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Statement of the UK Coordination Group and the leaders of the political groups of the EP

Posted by fidest press agency su sabato, 12 settembre 2020

The UKCG and the EP political group leaders issued the following statement after meeting with Chief EU Negotiator Michel Barnier and Joint Committee Co-Chair Maroš Šefčovič, on Friday.The European Parliament’s UK Coordination Group (UKCG) met today to assess the impact of the United Kingdom Internal Market Bill on the implementation of the Withdrawal Agreement with EU-UK Joint Committee Co-Chair Maroš Šefčovič and to evaluate the ongoing negotiations on the future EU-UK relationship with EU Chief Negotiator Michel Barnier.EP political group leaders and UKCG members are deeply concerned and disappointed that the UK Government published an Internal Market Bill that clearly represents a serious and unacceptable breach of international law. It violates the Withdrawal Agreement that was signed and ratified by the current UK Government and Parliament less than a year ago. The Internal Market Bill gravely damages the trust and credibility that the European Parliament has already said is “an essential element of any negotiation”, thus putting at risk the ongoing negotiations on the future relationship.The European Parliament supports EU Chief Negotiator Michel Barnier and Commission Vice-President Maroš Šefčovič in asking the UK government to withdraw these measures from the bill immediately; by the end of September, at the very latest. The European Parliament’s UK Coordination Group stresses that:the Withdrawal Agreement, including the Protocol on Ireland/Northern Ireland, has legally binding force regardless of whether or not the EU and the UK conclude any new treaty governing their future relationship; and any issue regarding the implementation of its provisions should be addressed by the Joint Committee and in no case unilaterally by any party to the agreement. The European Parliament expects the UK government to uphold the rule of law and demands nothing less than the full implementation of all provisions of the Withdrawal Agreement, including the Protocol on Ireland/Northern Ireland, which is essential to protect the Good Friday Agreement and peace and stability on the island of Ireland.Should the UK authorities breach – or threaten to breach – the Withdrawal Agreement, through the United Kingdom Internal Market Bill in its current form or in any other way, the European Parliament will, under no circumstances, ratify any agreement between the EU and the UK.Regarding the outcome of the eighth negotiating round, the European Parliament remains committed to an ambitious partnership with the UK. We are disappointed with the continued lack of reciprocal engagement from the UK side on fundamental EU principles and interests.The European Parliament calls on the UK to work with the EU constructively and find compromises that are in the interests of our citizens and companies on both sides. Any potential deal should not only preserve our interests, but also respect the integrity of the European Union and its single market.For any deal to take effect, democratic oversight institutions on both sides of the Channel must be able to carry out a meaningful assessment, as stated in the Withdrawal Agreement. The European Parliament recalls that its consent to any deal will only be granted after detailed scrutiny of the legal provisions. The European Parliament will not accept having its democratic oversight curbed by a last-minute deal beyond the end of October.

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Chair’s statement: the situation in Libya

Posted by fidest press agency su venerdì, 21 febbraio 2020

Statement by the Chair of the European Parliament Delegation for relations with the Maghreb countries, Andrea Cozzolino, condemning the attack on Tripoli port.“The attack on Tripoli port on Tuesday 18 February, while negotiations to establish a permanent ceasefire were taking place in Geneva, is both worrying and disappointing.The situation on the ground is tense and must not be allowed to escalate. As Chair of the European Parliament Delegation for relations with Maghreb, I strongly stress the need that all parties, especially the Libyan National Army and its backers, hold the truce and engage constructively with each other and with the UN mediators to reach an effective ceasefire. The Libyan people deserve to live in a stable, peaceful and united country, which can only be achieved if all sides maintain their commitment to a political solution and return to the negotiating table.Commitments were taken to a permanent ceasefire. These commitments cannot be fulfilled while Tripoli is under attack. Now is the time to demonstrate the commitment to the Libyan people, by halting all military attacks and truly engaging with the UN-led talks. I reiterate the importance that all EU member states take decisive and united action to help restore peace in Libya.”

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Chair’s statement: MEP denied right to monitor a trial in Turkey

Posted by fidest press agency su giovedì, 20 febbraio 2020

Statement by the Chair of the European Parliament’s Delegation to the EU-Turkey Joint Parliamentary Committee.
Turkish authorities denied Member of the European Parliament Özlem Demirel (GUE/NGL, DE) the right to monitor a court hearing in Ankara. Sergey Lagodinsky (Greens/EFA, DE), the Chair of the European Parliament’s Delegation to the EU-Turkey Joint Parliamentary Committee, made the following statement:“It is unacceptable that my colleague Özlem Demirel was denied the right to monitor the court hearing. So far, such observation visits have been common practice in our bilateral cooperation. I consider the order to my second deputy in the EU-Turkey delegation, Ms Demirel, to leave the court building, a crude departure from our common practice, a provocation and a covert personal threat. I strongly condemn my colleague being treated in this way.Such incidents could further strain our bilateral parliamentary relations and ultimately destroy any remaining confidence in democratic culture in Turkey. The European Parliament and the German Federal Government must request a comprehensive clarification of the incident.”Özlem Demirel travelled to Turkey in her capacity as a Member of the European Parliament and as an international observer in order to support the families of the victims and to monitor the trial following the bombing of a peaceful demonstration on 10 October 2015.

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Chair’s statement: situation in Libya

Posted by fidest press agency su mercoledì, 22 gennaio 2020

Statement by the Chair of the European Parliament Delegation for relations with the Maghreb countries.Following the Berlin Conference and the discussions on Libya at the EU Foreign Affairs Council held on Monday, 20 January, Mr Andrea Cozzolino, Chair of the Delegation of the European Parliament for relations with the Maghreb countries, declared:”I welcome the outcome of the Berlin Conference, which reaffirms the unity of purpose of the international community to ensure a cease-fire, implement the arms embargo and assist the United Nations to end the conflict and bring a lasting peace through a Libyan-led and Libyan-owned political process. In order to achieve that objective and as part of this global effort, the European Union (EU) and its Member States must mobilize all their resources. In this respect, the discussions of today’s Foreign Affairs Council are an important step in the right direction. It is high time to pass now from deeds to words: the EU must contribute decisively and without delay to the UN-led measures on the monitoring of the ceasefire and on the enforcement of the arms embargo”.

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Chair’s statement: situation in Libya

Posted by fidest press agency su venerdì, 17 gennaio 2020

On the occasion of the plenary debate on Libya, held on 14 January, the Chair of the European Parliament’s delegation for relations with the Maghreb countries, Andrea Cozzolino, declared: “In the dramatic situation faced by Libya, the European Union and its Member States cannot just stand by. They must immediately put in place a common action that will lead to an effective ceasefire, to an inclusive political dialogue, reconciliation and democratic stabilization. An EU mission to Libya should be sent as soon as possible, to foster peace and dialogue, in support of the Berlin process and in full concertation with the UN Special Representative Ghassan Salamé. The living conditions of the Libyan citizens are of great concern for us. This crisis has lasted for too long, with dreadful consequences for all the people. This has to stop. The European Union needs to be united, speak with one voice and take effective measures to restore peace in our neighbouring country”.

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Fifth Third Issues Statement on Temporary Network Outage

Posted by fidest press agency su mercoledì, 11 dicembre 2019

Fifth Third Bank, National Association, today issued the following statement related to a temporary network outage this afternoon:
“Earlier today we experienced a temporary outage with our network connectivity. The issue involved a simultaneous failure in both the primary system and a backup which impacted our ability to provide normal levels of service to customers. We worked closely with Cisco Systems to identify the issue and restore service. We are deeply sorry for the inconvenience and will make every effort to make things right for our customers who were affected.”
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of September 30, 2019, Fifth Third had $171 billion in assets and operated 1,143 full-service banking centers and 2,487 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth Third provides its customers with access to approximately 53,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of September 30, 2019, had $397 billion in assets under care, of which it managed $46 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at http://www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Deposit and Credit products are offered by Fifth Third Bank, National Association. Member FDIC.

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Customer Portfolios Announces The Portfolio Value Statement

Posted by fidest press agency su giovedì, 21 novembre 2019

Customer Portfolios, a marketing technology leader that uses actionable insights and analytics to increase customer engagement and value, announces the Portfolio Value Statement (PVS) report, giving businesses a holistic view into the health of their customer file.
The PVS gives marketers a total view of the different segments within the customer database, their revenue contribution by channel, and whether or not they are currently engaged and marketable. By showing how the customer base is evolving, the PVS helps marketers determine where to invest their budgets to retain or reactivate customers, not just acquire new consumers. This view makes marketers better budgeters and decision makers. When marketing proposes its plan – and must defend budget and spend – a Portfolio Value Statement gives them a more compelling argument than ever before. For the first time, marketers can present a plan based on accurate forecasts for long term revenue that will grow the entire customer portfolio for years ahead. Viewing the health of the customer database as a whole and by segment shows marketers the value of each group and how speaking to them accordingly will impact the bottom line. The PVS breaks down customer portfolios into actionable, behavior-based segments.

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Press Statement by Commissioner Vella following the AGRIFISH Council in Luxembourg

Posted by fidest press agency su giovedì, 31 ottobre 2019

Tonight we have taken some very difficult, but much needed decisions concerning fishing in the Baltic Sea.Indeed, many Baltic fish stocks and ecosystems are in an alarming situation. This is not only a concern for the environment, but also a concern for the many local communities whose livelihoods depend on these ecosystems.There was broad agreement around the table that if we do not address the root causes of this worrying situation, both nature and fishing businesses stand to lose.Therefore, first, we agreed on a very significant reduction of fishing opportunities for key stocks. This will ensure that six of the eight fully assessed Baltic stocks are managed in line with maximum sustainable yield.For two stocks, western herring and eastern Baltic cod, unprecedented reductions were agreed that are in line with the Baltic Management Plan. For western herring, a reduction of 65% will set the stock on path to be no longer threatened in 2023. For eastern Baltic cod, all targeted fishing will be banned and only a limited quota will be allowed for unavoidable by-catches, in order not to choke other fisheries.However, we also agreed that a significant reduction of total allowable catches was not in itself sufficient to protect some stocks. Therefore, as a second category of action, we agreed on a number of measures to close areas for several months in order to protect the spawning periods of vulnerable stocks.Third, and very importantly, Baltic Member States – for the first time – made a clear written commitment to effectively and urgently address at source other causes of unhealthy fish stocks (such as pollution, eutrophication and habitat degradation resulting from industrial and agricultural activities), through the implementation of EU rules and, where appropriate, through additional measures. This is crucial as fishing is only one – and sometimes not the main – cause of poor stock status.Finally, we recognised that, without appropriate financial support, this year’s decisions may have serious short-term socio-economic consequences for some fishermen, even if the majority of the fleets will remain profitable. Therefore, the Commission will urgently consider all possible initiatives in order to achieve the economic, social and sustainability objectives of the Common Fisheries Policy, of the Baltic Management Plan and the European Maritime and Fisheries Fund, and in particular to achieve and maintain a balance between the fleet and fishing opportunities. The necessary restructuring of these fleets will be an immediate priority in this context, including through funding support. I would like to thank the Finnish Presidency for an excellent cooperation. I am convinced that the package of measures agreed today will put the Baltic Sea on a path to sustainability. To the benefit of fishermen and coastal communities.

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A Statement From the Leadership of the Institute of Human Virology

Posted by fidest press agency su domenica, 20 ottobre 2019

The Institute of Human Virology (IHV) at the University of Maryland School of Medicine mourns the passing of The Honorable Elijah Cummings, a lifelong Baltimorean, a member of the U.S. House of Representatives representing Maryland’s 7th District, and, among other prominent positions, a member of IHV’s Board of Advisors.“We are heartbroken over the loss of a true American hero, and friend, U.S. Congressman Elijah Cummings,” said Robert C. Gallo, MD, Homer & Martha Gudelsky Distinguished Professor in Medicine, Director, Institute of Human Virology, University of Maryland School of Medicine and Co-Founder and Chairman, International Scientific Leadership Board, Global Virus Network. “We extend our deepest sympathies to the Congressman’s wife, children, extended family and friends, and his dedicated staff in Washington, D.C. and Maryland. Congressman Cummings was an active board member of our Institute, promoting the need for biomedical research funding, and particularly, supporting our community health programs that engage underserved communities. He was committed to educating and training the next generation, and inspired young, rising virologists at our annual Global Virus Network Short Course. His passing is not just a loss for the Institute, but indeed, for the nation.”
Congressman Cummings was the consummate public servant, dedicating his life to serving those he represented and empowering the underserved. He began his career in public service in the Maryland House of Delegates, where he served for 14 years and became the first African American in Maryland history to be named Speaker Pro Tem. From 1996 to now, Congressman Cummings represented Maryland’s 7th Congressional District in the U.S. House of Representatives. He notably served as the Chairman of the U.S. Committee on Oversight and Reform and as a senior member of the House Committee on Transportation and Infrastructure, serving on both the Subcommittee on Coast Guard and Maritime Transportation and the Subcommittee on Railroads, Pipelines, and Hazardous Materials. He was an early Board member on the Institute of Human Virology’s Board of Advisors.

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EUregions week: press statement president

Posted by fidest press agency su venerdì, 11 ottobre 2019

President of the European Committee of the Regions Karl-Heinz Lambertz Let me welcome you all here to the European Week of Regions and Cities.
This Week comes not long after the EU elections where citizens have demanded a better Europe. It is not a blank cheque, but a demand for results. This year’s EU Regions Week will demonstrate that results depends on empowering and investing in every region, city, town and village.We need to start by being honest on the shortcomings of previous years.Firstly, there has been a lack of European solidarity in our response to the economic, financial and migration crisis, which have exasperated populism.Secondly, for many people, the EU has been failing in its efforts to engage, communicate and be visible in daily life. Brexit, for example, is a symptom of a lack of faith not only European democracy, but politics in general. The paradox of the Brexit tragedy is that it has allowed the rest of Europe to take stock of our common values.Thirdly, austerity and stifling public investment has not only held back economic growth, but equity, social progress and regional equality.The decision on the next EU budget will simply be the ultimate litmus test of the new European leadership: the size and form of the next EU budget will define our common future for the coming years. We need an EU budget that supports our ambition. Contributing 1% of GNI – a cup of coffee per person each day – is pitiful for 500 million Europeans. Local and regional governments, and the new European Parliament, demand member states increase their contributions to 1.3%.The EU27 have shown political solidarity on Brexit, and must now reflect this solidarity in their financial contributions. It must protect those regions most exposed to Brexit by filling the financial hole. Strengthening the EU budget and specifically the European Solidarity Fund and Cohesion policy will significantly protect our regions and our European economy. Let me also welcome the European Commission’s Green Deal – an open recognition that the EU must respond to the climate and biodiversity with vigour.The EU has shown global leadership on climate change, but as we wait for the details of this proposal, we know we need to invest more than 1,115 billion euros per year in the ecological transition.The EU must be carbon-neutral by 2050, energy efficient and the leading global green innovator. We need to reverse the years of underinvestment in greening our transport systems, making our homes energy efficient and cutting air pollution.But this Green New Deal cannot be reduced to an investment plan. It must be the inheritor of the 1933 Roosevelt experience with regulation of finance, tax reform, job creation and a launch of new indicators… the Green New Deal must mark the beginning of a new form of welfare state.Investing in the ecological transition must support every region, every citizen and end the 100m people who face energy poverty but not at the cost of cohesion.I would hope that not a cent of the next EU budget supports any form of fossil subsidies. The EU must of course help those regions reliant on coal to make the transition to protect jobs and help those regions in transition decarbonise their economies.Furthermore, we should not make the same mistake from the Juncker Plan: a top-down territorially blind financial instrument relying only on private funds cannot improve living conditions and convince every citizen that the EU is on their side. Creating stronger links between the European Semester, economic governance and Cohesion Policy without a corresponding upgrade to the EU’s multi-level governance system would almost certainly distance the regions from investment decisions that directly affect them.Cutting another 60, 70 or even 80 billion euros and reducing the budget for cohesion policy by around 15% would be the end of cohesion as we know it. Without cohesion we have no Union.

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Statement regarding adoption of new Italian decree law

Posted by fidest press agency su venerdì, 6 settembre 2019

ArcelorMittal notes the publication today on the Italian Official Journal of a decree law adopted by the Italian Government. This decree law amends the so-called Crescita decree law which had removed legal protection pending the implementation of the environmental plan for the Taranto plant. Following its publication, the decree law comes into immediate force, although its permanence is subject to ratification by the Italian Parliament within 60 days. As a result of this development, ArcelorMittal Italia will continue operations beyond 6 September whilst continuing to monitor legal, regulatory and operational developments in relation to the Taranto plant closely in view of its continued viability.
ArcelorMittal is the world’s leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.Through our core values of sustainability, quality and leadership, we operate responsibly with respect to the health, safety and wellbeing of our employees, contractors and the communities in which we operate.
In 2018, ArcelorMittal had revenues of $76.0 billion and crude steel production of 92.5 million metric tonnes, while own iron ore production reached 58.5 million metric tonnes.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). http://corporate.arcelormittal.com/

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Crown Sterling Issues Statement Regarding Recent Allegations Made at Black Hat 2019

Posted by fidest press agency su martedì, 13 agosto 2019

Crown Sterling announced TIME AI™, the world’s first dynamic ‘non-factor’ based quantum AI encryption software to protect data privacy for consumers and enterprise systems – http://www.timeai.io.Robert E. Grant, Crown Sterling Founder and CEO, also gave a presentation at Black Hat in a ballroom filled at-capacity on August 8 entitled, “Discovery of Quasi-Prime Numbers: What Does this Mean for Encryption?” related to his paper published through Cornell University in March, 2019 where he identified the first Infinite Prime Number prediction pattern. The discovery was published on Cornell University’s http://www.arXiv.org titled: “Accurate and Infinite Prime Number Prediction from Novel Quasi-Prime Analytical Methodology.” The paper was co-authored by Physicist and Number Theorist Talal Ghannam PhD.Some allegations were made at Black Hat 2019 claiming that Grant’s presentation included misrepresentations and erroneous claims.The company’s response to these allegations: “Crown Sterling has announced a legitimate multi-dimensional encryption technology that challenges the paradigm of today’s encryption framework. We understand that the discovery completely transforms the way we secure data and that some members of the security industry are resistant to change or accepting of new technologies that do not conform to traditional approaches,” said Grant. “We completely stand behind all content presented at Black Hat 2019 and we look forward to presenting further developments about the company and our quantum AI encryption technology. Stay tuned for more exciting developments from Crown Sterling.”

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Media Statement on ‘Caravan to Canada’

Posted by fidest press agency su martedì, 30 luglio 2019

Today, a ‘Caravan to Canada’ of diabetes patients and advocates are traveling from Detroit, Michigan to Windsor, Ontario to access safe and affordable insulin. Presidential candidate Bernie Sanders (I-VT) – a long-time advocate for accessing medications from Canada – will be joining them for the trip.The following statement is from Tracy Cooley, Executive Director of the Campaign for Personal Prescription Importation (CPPI):“This Caravan, and similar organized and individual road trips, demonstrate that safe daily health maintenance medications are available in Canada at dramatically lower prices. Although the Caravan will be going to a brick-and-mortar pharmacy, millions of Americans access their daily medications through licensed, legitimate online pharmacies in Canada.“Health and Human Services Secretary Alex Azar recently recognized that both American and Canadian drug distribution systems are safe. Whether from a brick-and-mortar store or a licensed, legitimate online Canadian pharmacy, Americans should have access to life saving medicines through personal importation.“As the cost of prescription drugs in the U.S. continues to skyrocket, personal prescription importation offers Americans an immediate and ongoing option for accessing safe and affordable prescription drugs. In fact, on average, Americans can save up to 80 percent on their prescription medications by buying them in Canada.”

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Eagle LNG’s Jacksonville LNG Export Facility Receives Final Environmental Impact Statement from FERC

Posted by fidest press agency su martedì, 16 aprile 2019

Eagle LNG Partners (“Eagle LNG”) announced today that it reached a major milestone, receiving the Final Environmental Impact Statement (“FEIS”) from the United States Federal Energy Regulatory Commission (“FERC”) to construct the Jacksonville LNG Export Facility. This is the final step in the environmental review process before the final Federal Authorization Decision Deadline and anticipated FERC approval of the project.
“Achieving this critical milestone is a significant step forward for Eagle’s Jacksonville LNG Export Facility as we continue to advance our efforts to supply clean burning, domestic and affordable LNG for marine bunkering and small-scale LNG export to both domestic and international markets,” said Sean Lalani, President of Eagle LNG. “We appreciate the continued support we have received from regulators, the Jacksonville and North Florida communities, and local agencies.” The FEIS is a result of FERC’s comprehensive process that Eagle LNG started in December 2014, and includes the completion of numerous comprehensive environmental, safety and security reviews involving input from both federal and state agencies and various stakeholders. The FEIS is a key step for Eagle LNG in their commitment to develop small-scale LNG projects.The proposed Jacksonville LNG Export Facility will initially consist of three liquefaction trains, which, at full build-out, will be capable of producing up to 1.65 million gallons of LNG per day, or approximately 1 million tonnes per annum. “The Jacksonville LNG Export Facility, with its prime Florida East Coast location, will give us a unique and competitive advantage in helping provide some of the lowest-cost power generation for nearby Caribbean countries. With approximately $500 million of infrastructure investment, this project will continue to generate numerous well-paying direct and indirect jobs in Florida,” said Sean Lalani, President of Eagle LNG.

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Elliott Statement on Telecom Italia

Posted by fidest press agency su mercoledì, 3 aprile 2019

Elliott Advisors (UK) Limited (“Elliott”) welcomes Vivendi’s decision to withdraw its request to shareholders to revoke five of Telecom Italia’s (“TIM”) Directors, a clear sign that Vivendi understands that there is broad support for TIM’s existing independent Board. This outcome is a victory for the Company and paves the way for stability and sustained value creation for all of TIM’s stakeholders. Elliott remains fully supportive of CEO Luigi Gubitosi, the Company’s management team and the existing independent Board, and looks forward to constructive dialogue with all stakeholders to pursue a value maximising path forward for the Company.
Elliott Management Corporation manages two multi-strategy funds which combined have approximately $34 billion of assets under management. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds of its kind under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, and employees of the firm. Elliott Advisors (UK) Limited is an affiliate of Elliott Management Corporation.

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Elliott Statement on Telecom Italia

Posted by fidest press agency su lunedì, 1 aprile 2019

Elliott Advisors (UK) Limited (“Elliott”) welcomes Vivendi’s decision to withdraw its request to shareholders to revoke five of Telecom Italia’s (“TIM”) Directors, a clear sign that Vivendi understands that there is broad support for TIM’s existing independent Board. This outcome is a victory for the Company and paves the way for stability and sustained value creation for all of TIM’s stakeholders. Elliott remains fully supportive of CEO Luigi Gubitosi, the Company’s management team and the existing independent Board, and looks forward to constructive dialogue with all stakeholders to pursue a value maximising path forward for the Company.
Elliott Management Corporation manages two multi-strategy funds which combined have approximately $34 billion of assets under management. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds of its kind under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, and employees of the firm. Elliott Advisors (UK) Limited is an affiliate of Elliott Management Corporation.

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Elliott Statement on Telecom Italia

Posted by fidest press agency su sabato, 16 marzo 2019

Elliott Advisors (UK) Limited, which advises funds (together “Elliott”) that have a substantial holding in the shares of Telecom Italia (“the Company”, or “TIM”), welcomes today’s recommendation by ISS to vote against Vivendi’s proposals at TIM’s upcoming Annual General Meeting on March 29. ISS rightly concludes that Vivendi has failed to make a compelling case that change to the Company’s Board of Directors is warranted, nor presented any substantive argument related to performance. Elliott notes ISS’s observation that for a campaign focused on governance-based arguments, the corporate governance track record of Vivendi’s controlling shareholder, Bolloré, is far from ideal, with governance and disclosure practices far below French market standards and a history of related-party transactions and conflicts of interest. ISS concludes that “Vivendi’s arguments are mostly based on governance, though Vivendi’s own past actions undermine its moral authority in this case and may actually justify the steps taken by the Elliott-[nominated] directors.”Elliott reiterates its view that Vivendi’s nominees are unsupportable, lack true independence and would simply return control to a group with demonstrable and unacceptable conflicts of interest. Elliott calls upon Vivendi to end the fighting and to give TIM and its independent Board the stability and space required to implement its strategy, and to deliver sustainable shareholder value.In order to share its perspectives with its fellow shareholders, Elliott has today launched a new website, http://www.Time-For-TIM.com, where both the presentation and related materials are available to view and download. Interested parties are encouraged to visit the website to receive additional information and to sign up for future updates.

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High-Quality Elementary Science Education in New Position Statement

Posted by fidest press agency su venerdì, 16 novembre 2018

The National Science Teachers Association (NSTA), the world’s largest association of science educators, has issued a position statement underscoring the importance of a high-quality science education for our nation’s 30 million elementary students. The statement—focusing on students in kindergarten through 5th and 6th grade—establishes four key principles to guide effective science learning, including the need for schools to give science learning equal priority as other core subjects and strive for at least 60 minutes of science instruction a day that includes science investigations.“Research shows that schools devote significantly less time on science learning than other subjects such as math and reading/language arts,” said NSTA President Christine Royce. “This is unacceptable. With the growing recognition that STEM education is critical to our children’s success in the workplace and as citizens, we can no longer afford to neglect science education, especially at the elementary level.” Other key principles in the statement focus on the importance of an educational environment that supports creative and in-depth student learning; the capacity of elementary students to engage in scientific and engineering practices when given multiple and varied learning experiences; and the need to engage elementary students within the broader community of science.The statement also calls on science education stakeholders—science educators, administrators, curriculum specialists, policymakers, and families—to support high-quality elementary science. In particular, it recommends that educators engage students in three-dimensional instruction as recommended by the Framework for K–12 Science Education; administrators ensure teachers have adequate time to engage students every day in high-quality science instruction; and that pre-service science teachers receive specific coursework that supports three-dimensional instruction in the areas of physical science, life science, and Earth and space science, as well as engineering.One of NSTA’s strategic goals is to improve the quality and prominence of elementary science Education and is focused on providing resources and professional learning opportunities for K–6 educators in science content and pedagogical strategies.The statement was developed by a team of science educators and experts and adopted by the NSTA Board of Directors.

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