Investec cuts jobs, retail rebounds, pound gains

Here are the top business, market, and economic stories you should be watching today in the UK, Europe, and around the world:

Investec axes jobs

International banking giant Investec (INVP.L) said today that it’s planning to cut 210 jobs in London to “simplify and focus the business.” The statement was made as part of its trading announcement for the first half of the year.

The business added that a challenging economic backdrop, primarily caused by COVID-19, resulted in reduced economic activity and increased market volatility for the business.

Adjusted operating profit for the six months to the end of September was expected to be between 50 and 60 per cent behind the £175.6m ($228m) posted in the same period last year, the company said.

Retail sales registered their fourth month in a row of growth in August, the Office for National Statistics (ONS) said on Friday.

Spending in

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HRT announces new electric buses; Northam signs HRT funding law to improve service

NORFOLK, Va. (WAVY) — It’s a glimpse into the future of public transit.

Six battery-powered buses will soon become a part of the Hampton Roads Transit system.

“That means no soot, no smoke, no harmful emissions,” said HRT President William Harrell.

HRT officials say the new buses will be deployed along Virginia Beach Boulevard between Downtown Norfolk and the Virginia Beach Oceanfront. HRT has agreed to remove the same number of diesel buses from its fleet.

The buses are quieter and have zero tailpipe emissions.

Along with the bus ribbon cutting, Gov. Ralph Northam signed two bills for dedicated HRT funding — the first time that’s been done in HRT history.

“A lot of work went into this legislation so they could create this program so they have a sustained source of revenue to keep this transit running,” said Northam.

Harrell says this means new connections, faster commutes, and better

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Self-control is a critical skill for kids

PITTSBURGH, Pa. (WILX) –



a man sitting at a table using a laptop: Science now shows that certain interactions between parents and children actually change the structure of their brains, improving their social and emotional skills into adulthood.


© Provided by Lansing WILX-TV
Science now shows that certain interactions between parents and children actually change the structure of their brains, improving their social and emotional skills into adulthood.

As parents we feed our kids and make sure they get exercise to keep their bodies strong. We expose them to new experiences so their minds grow. Science now shows that certain interactions between parents and children actually change the structure of their brains, improving their social and emotional skills into adulthood.

Many of the teens in the Allegheny Youth Development judo class signed up to practice basic self-defense.

“You move like this. Then you pin them to the mat,” explained Cymiar Woods.

Beyond training their bodies, these boys and girls are learning principles of self-control that give them a mental and emotional edge.

“When I get mad, I can calm down more,” said Caeden

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Predictiv AI Inc. and Sigfox Canada Agree to Enter into Global Sales Channel and Technology Integration Partnership for ThermalPass

Sigfox is the world’s leading Internet of Things (IoT) service provider and first global 0G network operator. The agreement will see Predictiv AI and Sigfox Canada collaborate on integrating Sigfox connectivity into the ThermalPass. This will enable highly dependable data transfer through ThermalPass at a remarkably low cost on the Sigfox Canada network, which is designed to meet the requirements of mass IOT applications. This enhanced functionality will position ThermalPass to generate monthly recurring revenue by offering a multitude of enterprise scenarios.

In addition to the technology integration, Sigfox Canada will become a global non-exclusive sales distributor and will promote the ThermalPass offering to other Sigfox Operators in more than 70 countries. ThermalPass is a medical grade, sensor-based temperature scanning system developed to help mitigate the spread of COVID-19. The Sigfox global 0G network has more than 16,000,000 registered devices on the network communicating close to 1 billion messages per

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Cleaning Up Dormant Oil and Gas Wells, Supporting 1,200 Jobs in B.C.

OTTAWA, Sept. 18, 2020 /CNW/ – The Governments of Canada and British Columbia are working together to support Canadian energy workers during these difficult times by creating thousands of jobs that will have a lasting benefit on the environment as we continue to safely restart our economy.

Today, the Honourable Seamus O’Regan, Canada’s Minister of Natural Resources; the Honourable Jonathan Wilkinson, Canada’s Minister of Environment and Climate Change; and the Honourable Bruce Ralston, British Columbia’s Minister of Energy, Mines and Petroleum Resources, announced that the first $50 million under British Columbia’s Dormant Sites Reclamation program has been allocated. The funding will support energy jobs at 79 individual service companies that will undertake reclamation work on 1,880 dormant wells in the province, creating over 1,200 jobs in the process.

The British Columbia Dormant Sites Reclamation program was established following the Government of Canada’s April 2020 announcement of a $1.72-billion

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Hailiang Education Group Inc. Acquires Jinhua Hailiang Foreign Language School

HANGZHOU, China, Sept. 18, 2020 /PRNewswire/ — Hailiang Education Group Inc. (Nasdaq: HLG) (“Hailiang Education”, the “Company” or “we”), an education and management services provider of primary, middle, and high schools in the PRC, today announced that the Company has signed a sponsorship transfer agreement (the “Agreement”) with its affiliate Hailiang Education Investment Group Co., Ltd. (“Hailiang Investment”) on July 15, 2020 to acquire Jinhua Hailiang Foreign Language School (“JHFL”) for a total consideration of RMB 34 million from Hailiang Investment. After obtaining the relevant administrative approval on September 16, 2020, Hailiang Education completed all the required process to obtain the sponsorship of JHFL from Hailiang Investment. Prior to this transaction, Hailiang Education provided operation management services to JHFL.

Hailiang Education Logo (PRNewsfoto/Hailiang Education Group Inc.)

Located in Jindong District, Jinhua City, Zhejiang Province, China, JHFL is a private non-profit school sponsored by Hailiang Investment in

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With Virginia’s transportation funding plan finally in place, ‘then COVID-19 hit’ | Govt-and-politics

Success came in 2013, when the assembly approved a $6 billion transportation funding package , sponsored by then-House Speaker Bill Howell, R-Stafford, and supported by then-Gov. Bob McDonnell, but much larger in scope than they originally sought. The final package included long-sought regional funding for transportation priorities in Northern Virginia and Hampton Roads.

Secretary of Finance Aubrey Layne, then a member of Commonwealth Transportation Board, said Southard played an important role in getting the bill passed, as well as subsequent legislation that led to the creation of Smart Scale program for ranking state transportation projects and committing money to get them done.

“He was a steadfast proponent of transportation funding,” Layne said.

Later, as transportation secretary under Gov. Terry McAuliffe, Layne said he initially clashed with Southard and his industry over reforms to the Public Private Transportation Act to protect the state’s interests in major highway deals with private developers

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House Science Bills on Space Weather and Election Technology Pass the House

House Science Bills on Space Weather and Election Technology Pass the House

Press Release
From: House Committee on Science, Space, and Technology
Posted: Wednesday, September 16, 2020

House Science, Space, and Technology Committee Ranking Member Frank Lucas praised the passage of two bipartisan Committee bills today on space weather and election technology. 

S.881, the Promoting Research and Observations of Space Weather to Improve the Forecasting of Tomorrow Act, more commonly referred to as the PROSWIFT Act, improves our ability to monitor and forecast space weather. Space weather is generated by magnetic activity on the Sun and can affect technologies on Earth ranging from cell phone communications to GPS navigation to the electric grid. The bill includes an amendment by Lucas to create a pilot program that will ensure that emerging private sector companies have a seat at the table and will be able to provide monitoring and forecast data which
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Economists expect Shreveport-Bossier to recover some, but not all, jobs in 2021 and 2022

Shreveport-Bossier City likely won’t see full job recovery from COVID-19 until 2023, LSU business professor emeritus of economics Loren Scott said Wednesday.

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Scott spoke virtually on the Louisiana Economic Outlook he produces annually with his co-author LSU professor Greg Upton. The Port of Caddo-Bossier and Committee of 100 hosted the event.

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Shreveport-Bossier, the state’s fourth-largest metropolitan statistical area, has Louisiana’s third-highest job loss (10,600 jobs or 5.9%) for 2020.

The big losses came from Libbey Glass, DiamondJacks Casino and Dolet Hills mine and plant. Libbey Glass is shutting down its 450-person plant in Shreveport. DiamondJacks permanently closed its resort and casino in Bossier City, meaning 349 jobs were lost. Dolet Hills in Mansfield is closing its mine (155 jobs) and power plant (88 jobs).

Those were the biggest job losses in the area, but Shreveport-Bossier also lost jobs in hospitality and tourism as

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John Venino For RBR Board Of Education

RED BANK, NJ – Five seats are up for grabs on the Red Bank Regional High School Board of Education in November, according to the Monmouth County Clerk’s Office.

One full-term seat is open on the Red Bank Regional High School Board of Education, with Board President John Garofalo and newcomer Stephanie Albanese competing for the position.

Current board member Eugene J. Koster, Jr. is running for reelection in the full-term race to represent Little Silver, while newcomer John Venino will be challenging the incumbent for the spot.

Venino is a school counselor and a proud resident of Little Silver for over seven years. He has three children who attend Red Bank Regional High School in grades 9, 10 and 12.

“I am seeking a seat so that Little Silver has a true advocate on the board of education,” Venino told Patch.

Venino holds a Bachelor’s Degree in Physical Education

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