Linkedin + posts Facebook printWe’re back and we’re reading – everything from “AP News” to the “Washington Post.” We’re trying to help you keep up with the rapid pace of politics and everyday news. Today, we’ve got an update on the G-20 summit, more lying from the Trump administration, and a look at Trump’s new trade deal. A snippet of the summitWorld leaders of the globe’s largest economies arrived in Argentina for the G-20 summit. Here’s a brief summary on a few of the day’s main focuses:All eyes are on the U.S. and China as they look to address the ongoing trade war. The two countries are looking to settle the conflicts with tariffs and the U.S. accusations that China has been stealing intellectual property. Saudi Arabia Crown Prince Mohammed bin Salman is making his first major appearance since the killing of Saudi Journalist, Jamal Khashoggi.Russia and U.S. relations are on the rocks as Trump canceled his one-on-one meeting with Putin after tweeting that the Kremlin has yet to return stolen Ukrainian ships.The goal of the summit is to address issues like food security, gender equality and infrastructure and to create a statement in which everyone can get on board. Deal or no deal…DealFollowing major conflict at U.S.-Mexico border, President Trump managed to pull off the North American trade pact with the Mexican and Canadian governments. The new trade deal overlooks rules governing more than $1.2 trillion in areas like regional commerce and globalization. Trump said he predicts the deal will lead to growth in U.S. exports and provide more jobs in the auto industry. This comes shortly after a huge cutback by automotive giant, General Motors. Trump is giving himself a pat on the back as he called it “a truly groundbreaking achievement,” according to The Washington Post.And the lies continue…Former Attorney for President Trump, Michael Cohen, admitted that he lied to Congress last year about a potential Trump Tower project in Moscow during the 2016 presidential election. Cohen pleaded guilty on Thursday to having contact with Russian government officials throughout Trump’s campaign, and even scheduling trips to Russia to discuss negotiations. Trump, not defending Cohen, admitted he lied but said that his actions weren’t in the wrong. More lies from the Trump administration…Who can keep up?Hotel HackingHackers broke into a database of Starwood hotels’ guest information affecting the data of nearly 500 million people.Marriott, the owner of Starwood, said the information included names, mailing addresses, phone numbers, passport numbers and dates of birth, according to Politico. The intrusion began in 2014 and was found on Nov. 19. Marriott said the data was encrypted.The company started working with law enforcement and would begin contacting guests affected by the data breach. Marriott is providing guests free access to a program that monitors the internet for their personal information.From wildfires to mudslidesCalifornia residents living in areas affected by the recent wildfires are being forced to evacuate their homes due to a possibility of deadly mudslides. With the predictions of heavy rain in the forecast, officials said the burned ground can’t absorb the water, creating heavy mudslides and dangerous flows of debris. Officials in parts of the California Central Valley have warned residents and sent rescue teams to help initiate evacuations and help those still stranded. That’s all we have for today. Check back tomorrow for more. Twitter What we’re reading: Controversy in D.C. President Donald Trump, center, reaches out to Mexico’s President Enrique Pena Nieto, left, and Canada’s Prime Minister Justin Trudeau as they prepare to sign a new United States-Mexico-Canada Agreement that is replacing the NAFTA trade deal, during a ceremony at a hotel before the start of the G20 summit in Buenos Aires, Argentina, Friday, Nov. 30, 2018. The USMCA, as Trump refers to it, must still be approved by lawmakers in all three countries. (AP Photo/Martin Mejia) Corinne Hildebrandthttps://www.tcu360.com/author/corinne-hildebrandt/ Corinne Hildebrandthttps://www.tcu360.com/author/corinne-hildebrandt/ Corinne Hildebrandthttps://www.tcu360.com/author/corinne-hildebrandt/ Fort Worth B-Cycle looks to attract more riders Previous articleListen: The Podell and Pickell Show with Christen LockettNext articleSecond candidate for provost scheduled for on-campus Q&A forum Corinne Hildebrandt RELATED ARTICLESMORE FROM AUTHOR Parking lot closures cause new problems for students Corinne Hildebrandt Corinne Hildebrandt is a sophomore journalism major and sociology minor from Wayne, Illinois. She enjoys staying active and has a difficult time sitting still for long periods of time. When she’s not reporting, Corinne is most likely on the go exploring the many restaurants (and ice cream shops) that Fort Worth has to offer. What we’re reading: Chauvin found guilty in Floyd case, Xi to attend Biden’s climate change summit Corinne Hildebrandthttps://www.tcu360.com/author/corinne-hildebrandt/ Every vote counts this midterm season Twitter Linkedin ReddIt ReddIt Abortion access threatened as restrictive bills make their way through Texas Legislature Facebook What we’re reading: Former Vice President dies at 93, Chad President killed on frontlines
Home / Daily Dose / Big Banks and FinTech: Do American Consumers Want Both? Demand Propels Home Prices Upward 2 days ago Big Banks and FinTech: Do American Consumers Want Both? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Nicole Casperson FinTech HOUSING mortgage 2017-10-11 Nicole Casperson Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] The Best Markets For Residential Property Investors 2 days ago Tagged with: FinTech HOUSING mortgage Previous: Wildfire Impact to Cost Billions in Housing Damages Next: High Tax Assessments Possible Cause for Growing Foreclosure Rate in Daily Dose, Featured, Headlines Print This Post Related Articles October 11, 2017 1,654 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Financial technology (FinTech) is steadily gaining traction in today’s technology-driven market, and according to Blumberg Capital’s Annual FinTech Survey, over two-thirds of Americans are looking for banks to provide new fintech solutions.The survey, released Wednesday, examines attitudes of American consumers toward traditional banking institutions, fintech startups, and new financial technologies, including blockchain and cryptocurrency.The survey discovered that 57 percent of respondents have a positive view of fintech startups—while 57 percent also believe that the days of going into a physical financial institution for any reason are coming to an end.According to David Blumberg, Founder and Managing Partner of Blumberg Capital, previously in the financial industry, capital, reputational trust and regulations were the only barriers to entry.“Technology is changing the game,” Blumberg said. “Large financial institutions need to build or buy innovation to maintain and extend their leadership positions. As consumers demand the new technologies, we will see increased adoption or acquisition of fintech by banks to serve consumers.”In addition, Blumberg believes the fintech revolution is expanding the market, thereby positioning some pure play fintech startups to become large financial institutions of the future.However, the survey notes that with major breaches in security at large established financial institutions, like Equifax, Americans are worried of new financial technologies and are skeptical if institutions are trustworthy—76 percent of respondents worry about security with some of the new online banking and payment services. According to the survey, this increased from 72 percent in 2016.Blumberg continued to explain that while the average consumer may hesitate to change from traditional banking to emerging fintech products and services, the potential benefits might become too valuable to ignore.”These results indicate that for fintech startups to scale and thrive, they need to provide a product or service that is substantially better, not just incrementally better than traditional banks. At the same time, if banks don’t adapt and adopt new technologies they risk losing the next generation of customers,” Blumberg said.To view the full report, click here. The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago
Neptune Energy has confirmed that its development plans for the Duva (PL636) and Gjøa P1 (PL153) projects in the North Sea have been approved by Norwegian authorities.First production from the projects is expected in late 2020 with total recoverable resources estimated to be 120 million barrels of oil equivalent (boe) (maximum production is expected to be respectively 30,000 boe from Duva and 24,000 boe from Gjøa P1), Neptune said on Wednesday.The fields will be developed through subsea tie-backs connecting two templates to the nearby Gjøa platform, operated by Neptune Energy Norge.Neptune Energy Norge’s Managing Director, Odin Estensen, said: “With these plans approved, we remain on track for the successful execution of these important projects. Not only do these developments strengthen Gjøa’s position as a major hub in the northern North Sea, they demonstrate our ambitions to continue growing our business on the Norwegian Continental Shelf.”On behalf of the license owners, Neptune Energy submitted development plans for the Duva (PL636) and Gjøa P1 (PL153) projects to Norwegian authorities on February 21 this year.The Plan for Development and Operation (PDO) of the Duva field was submitted on behalf of the Duva partnership, which consists of Idemitsu Petroleum Norge (30%), Pandion Energy (20%), Wellesley Petroleum (20%) and Neptune Energy (30% and Operator).Duva’s recoverable resources are estimated to be 88 million boe and it is expected to yield around 30,000 boe per day at maximum production. Developed with a four-slot subsea template, the Duva field will be tied back to the Gjøa platform for processing and export. The field will have three production wells, two oil producers and one gas producer, with the potential for an additional oil well.As the P1 segment was already covered by the development plan for the Gjøa field, an application for exemption from PDO was submitted on behalf of the Gjøa license partners, consisting of Petoro (30%), Wintershall (20%), OKEA (12%), DEA (8%) and Neptune Energy (30% and Operator). P1’s recoverable resources are estimated to be 32 million boe and it is expected to yield around 24,000 boe per day at maximum production.The subsea tie-backs will be delivered by TechnipFMC utilizing the Neptune Subsea Alliance Agreement, the drilling operations will be undertaken by Odfjell Drilling and topside modifications completed by Rosenberg Worley.Erik Oppedal, Projects & Engineering Manager for Neptune Energy Norge, added: “The approval of the plans allows us to start this summer with the first step in our parallel project execution– the subsea installation of the Duva template. Together with the ongoing installation activities for the Fenja development in the Norwegian Sea, this demonstrates the company’s ability to execute developments with pace and efficiency optimizing resources and accelerating time to production.”Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.
Tim Sherwood preferred to focus on the performance of his players rather than the mounting speculation about his Tottenham future after the comprehensive defeat of Sunderland. The build-up to Monday’s Barclays Premier League clash was dominated by a report that claimed the Spurs head coach’s tenure would end this summer, regardless of how results went between now and the end of the campaign. Sherwood insisted before the match that the speculation would not affect him or his players and so it proved, with the hosts running out 5-1 victors at White Hart Lane. Woeful defending saw Lee Cattermole open the scoring for the relegation-threatened Black Cats, but Spurs responded impressively through an Emmanuel Adebayor brace complemented by efforts from Harry Kane, Christian Eriksen and Gylfi Sigurdsson. It was a good end to a tough day for under-fire Sherwood – not that the Spurs boss would admit it. “No, it was a good end to a day where we needed to win the game,” he said. “We came here and we knew we had to respond to the game against Liverpool and we did that today. “After giving them a goal – we’re making a habit of this and we have to stop it – I thought we controlled the game from start to finish. “We stayed patient with the football, moved it around, made the pitch very big and got our offensive players on the ball in the correct areas of the field. “We created 29 attempts to score a goal – it was the most dominant football match you’re ever going to see.” Pressed on whether the talk had been at all unsettling, Sherwood added: “It doesn’t affect me. “I am just professional, I know I have got an opportunity to manage this football club and I owe it to the players and the fans who come and support us to do the job professionally. “That’s what I did, just got on with the job.” The players did just that too, with Adebayor lending his backing to Sherwood after netting a brace. “I am not surprised he is backing me, he never played before I came in here,” the Spurs boss said with a laugh. “Listen, I’ve always said about Ade that he is a top professional. I hear all these stories and I see it myself, but he has never caused me a problem. “He is a real credit to the football club, the way he conducts himself with the young players. “That’s why he scores so many goals. He is a fantastic trainer and just gets on with it. I would have been mad not to give him the opportunity to play, wouldn’t I? “I think the players are backing me and I am backing them as well. They get from me honesty – I tell them when they’re not doing well and pat them on the back when they are doing well. “I always wanted honesty from my managers and at some clubs I didn’t get that, which was very disappointing. You live and learn.” While the direction of Tottenham remains unclear, the only way Sunderland are heading his down unless things change quickly. Gus Poyet’s side have taken just one point from their last seven matches and languish bottom of the table, seven points adrift of safety. They have two games in hand on many of their relegation rivals but manager Poyet concedes his side need a miracle to stave off the drop. “I don’t change my opinion,” the Black Cats boss said. “I am very honest and I know where I am. It doesn’t matter if it was five minutes ago or if you asked me on Friday. “I am realistic, when you look at the table and the games that we have got left, about how many we need to win. “I think we need a miracle. We need something unique, a shock because if not I cannot see it coming.” Press Association