Gold Coast property achieves Australian sales record for a house fronting golf course

first_imgSanctuary CoveEstablished in 1986, Sanctuary Cove is a $2 billion master-planned community which continues to grow with age.Located in the suburb of Hope Island, residents enjoy a resort lifestyle with access to two championship golf courses, a 313-berth marina, a trendy retail precinct, the InterContinental Sanctuary Cove resort hotel and 24-hour security.The 474-hectare gated enclave is designed around four harbours on the Coomera River. Luxury at every turn.Their latest purchase features a floorplan that opens out to the pool.“It’s a luxury finished house with a fantastic outlook across the golf course, plus it’s single storey which was our preference,” Mr Baird said. “We were attracted by the elegance and location of the property.” The Bairds recently sold their home on the Isle of Capri for $8.8 million.The first development of its kind in Australia, Sanctuary Cove is an iconic community with an excellent international reputation. Relax in the lounge.More from news02:37International architect Desmond Brooks selling luxury beach villa18 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago“The Bairds bought the house on their first inspection just before it hit the market,” Mr Gates said.“It was a prerelease inspection for the Bairds and they bought it on the spot for a premium price.” The previous golf-fronted record stood at $4.275 million when Mr Gates sold 2218 Arnold Palmer Drive, Sanctuary Cove last year. No stranger to Sanctuary Cove, the Bairds have owned property there since it was developed. 2230 Arnold Palmer Drive, Sanctuary Cove sold for a record price.RETIRED corporate executive David Baird and his wife Marion have smashed the Australian sales record for a house fronting a golf course, splashing $6.5 million on a property at Sanctuary Cove. The four-bedroom home at 2230 Arnold Palmer Drive, was sold off-market by Ray White Sanctuary Cove’s Matt Gates. A seamless indoor-outdoor flow.Sellers Michael and Michelle Cowling built their home 18 months ago using the best fittings possible. “We’ve put a lot of love and thought into this home and we hope David and Marion will enjoy it for many years to come,” Mr Cowling said. “We are moving on to a new project within Sanctuary Cove, so not moving too far away.”Mr Gates said Sanctuary Cove was popular with high-net-worth individuals for its quality lifestyle. last_img read more

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Celebrating African Music : Morocco – Rajae Belmlih vs Sofia Essaïdi

first_imgRajae BelmlihRajae Belmlih is a famous Moroccan performer, she was born on April 22nd, 1962.Belmlih began to sing very small, at home and with the encouragement of his parents. She participated in the famous 1980s talent show ‘Mawahib’ presented by Abdenbi El Jirari and won the first place.Rajae graduated her Bachelor in Arabic Litterature and Philosophy from the University of Letters in Rabat and enrolled for a doctorate.She immigrated to Egypt and launched her first albums ‘Sabri Alik Tal ‘ (1994),’ Ya Ghayeb ‘ (1996) ,’ Letiraf ‘ (1998) which were very successful in the Arabic world.She worked with the famous composers such as Jamal Salams, Mohamed Diae, Hilmi Bakr and Salah Chernoubi.In 1999, Rajae Belmlih was named a UNICEF goodwill ambassador for her contributions in the Arabic arts, humanitarian actions, and for her support for women’s education.Suffering from a disease of Cancer, she was hospitalized in Paris and then back to his large audience by a successful album entitled ‘ Shouk El Oyoun’.The singer of ‘Ya Jara Wadina’ died on September 2nd, 2007, in Sheikh Zayed hospital in Rabat. Rajae Belmlih was the mother of a child named Omar (5 years) and had the Emirati Citizenship.Sofia EssaïdiSofia Essaïdi (born August 6, 1984) is a Franco-Moroccan singer. She was born in Casablanca, Morocco.From August 30 to December 13, 2003, she participated in the show Star Academy France’s third season, becoming a semi-finalist. She was very popular & one of the very loved contestants on the show for having a very good voice & nice personality, many critics and the professors in the academy considered Sofia to be not just the best this year, but one of the best students in the history of Star Academy France overall. From March 12 to August 7, 2004, she participated in the Star Academy tour, going to Tunisia and Morocco, and Papeete, Tahiti, where she celebrated her 20th birthday.Later, she starred in the musical Cléopâtre, la dernière reine d’Égypte choreographed by Kamel Ouali which opened in “le Palais des Sports” in Paris on 29 January 2009. She recently starred in the French version of Dancing with the Stars. She placed as the runners up with her partner, Maxime Dereymez.last_img read more

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Limpopo’s new standards of success

first_imgStanley Mufamadi, MD of Limpopo’s home-grown Vuwa group, says passion, professionalism and expert knowledge are key to building a successful business. From left, the IMC’s Iggy Sathekge, Belu Mdlalo, Miller Matola, Lindiwe Ngcobo, Leo Makgamathe and Dimape Serenyane at the Limpopo summit. (Images: Nicky Rehbock) MEDIA CONTACTS • International Marketing Council +27 11 483 0122RELATED ARTICLES • KZN innovators show how it’s done • South Africa is Africa’s top nation brand • Building a thriving nation brand • Eastern Cape entrepreneurs in the spotlight Nicky RehbockSustaining a successful business through diversification and creativity was the focus of the recent Brand South Africa Stakeholder Summit in Polokwane, Limpopo province.Initiated by the International Marketing Council (IMC) of South Africa and taking place in each of the nine provinces, the summits aim to increase provincial participation in the nation-branding effort and encourage active citizenship – which, in turn, will help position the country as a top investment and tourism destination.Each summit presents South Africans who, through their work and community initiatives, are already active ambassadors for the country. These individuals epitomise the unique characteristics, or pillars, of the South African brand – ubuntu, diversity, sustainability, possibility and innovation.Speaking at the recent summit, IMC CEO Miller Matola said that the branding of South Africa is not a matter of choice but a necessity in every province, requiring the joint efforts of local government, citizens, business, political parties, charities, the media, academia and sporting organisations.Endorsing Limpopo’s role in making South Africa a force to be reckoned with throughout the world, province Premier Cassel Mathale added: “It is the combined behaviour of a country’s people and its attributes that make up a brand or identity. A positive identity – or favourable reputation – promotes global competitiveness.”Mathale noted how the highly successful 2010 Fifa World Cup had, and still is, transforming South Africa’s image, locally and abroad.“The IMC is using that legacy of the World Cup to build a globally competitive brand. They are looking forwards, not backwards,” the premier said.Claiming his spaceAt the forefront of helping breed a successful nation brand is Stanley Mufamadi, MD of Limpopo’s home-grown Vuwa group.Mufamadi said his journey, from working in human resource (HR) management to building a diversified portfolio of thriving business ventures, represents the aspirations of all budding entrepreneurs in the province.“When I came to Limpopo in 1997, there were a lot of opportunities I identified in Polokwane – in HR consulting, in transport and in the tourism and hospitality industry.”“Because it’s always wise to start with an area that you are comfortable with and have expertise in, I made inroads with HR.”Mufamadi set up a company called Vuwa Management Consulting, establishing Vuwa as a brand in itself representing quality, consistency and value.“We chose that name because it’s simple, easy to remember and unique to Limpopo, meaning ‘arise and claim your space’ Tshivenda.”Second was Vuwa Transport Services, which began with just one bus, ferrying workers from Polokwane to a mine site some distance from the city.“The job was done very well – we went from a single bus to operating 12 buses in seven years with no fatalities or accidents. That happened because we had shown commitment to the promise of the Vuwa brand.”From here, Mufamadi branched into tourism with Vuwa Safari and Tours – which now offers a variety of tour packages, overnight accommodation and conference facilities – and a new chain of lodges.“We’ve invested a lot in promoting this branch on radio and in newspapers and we are competing very well at the moment. We’re proud of the space we’re taking in the tourism industry,” he added.Passion, teamwork and strategic investment in operational facilities are among Mufamadi’s secrets of success.“As an emerging operator, you have to invest in communications – you need to be seen, you need to be available and you need to be contactable.“You also need to learn as much as you can about your industry, benchmark against the best and comply with all statutory requirements, especially the South African Revenue Service.”In the Vuwa consulting business, “expert knowledge, competent staff, on-time delivery and quality” are key, Mufamadi said.“The success factors of Vuwa Safari and Tours include strict compliance with road transport regulations, a professional image, participation in international travel tradeshows and expert training.”Central to building the Vuwa brand has been gaining access to financing from the Department of Trade and Industry and the Industrial Development Corporation, among others.“In many instances entrepreneurs battle to access grants and loans because their affairs are not in order – but we can testify that we have received very good support from these institutions.”Next on the horizon for Mufamadi is property development in Limpopo and exploiting opportunities in the local agro-processing industry.  “I want to encourage other entrepreneurs and organisations by telling them that the future looks very, very bright – although there is still a lot of support needed to foster sustainability.“What we need is to see more stock exchange-listed companies that originated in Limpopo – driven by the very people who live here,” he said.last_img read more

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Website Automation- A Dream or a Reality

first_imgArtificial intelligence is a known phenomenon in the world today. Its root started to build years ago but the tree started to grow long after. Right now, artificial intelligence is at the complete stretch and with increasing knowledge of what its potential is, the world is jiggling with it. Now when developers and thinkers have known that the elasticity of artificial intelligence in infinite, they are stretching it into every possible direction in every possible way.Earlier a question rose everywhere, a question that targeted every known face and name in the field of artificial intelligence.“can artificial intelligence take over humans?”Months ago when our beloved google assistant made her first call to book a haircut appointment in the Google IO event, the phenomenon shaped itself into a whole new form. Everyone is convinced that artificial intelligence and now machine learning too are gaining their power to full expansion.This made us think about automation in every direction. Why not automate the website making process? Website business and the processes of building them, static websites, CMS, Drupal, Hugo, WordPress, various languages involved like HTML, JS, CSS and many more have magnified on a huge scale. Not everyone can learn everything, therefore the implementation of AI into this can change the phase of the world. There are many reasons to use artificial intelligence in website development.A BETTER UNDERSTANDING OF WHAT CUSTOMER NEEDSArtificial intelligence combined with machine learning to give a better review of what people seem looking for on your site. It also keeps a record of what they don’t want, anything that is creating the problem. This will create client awareness for owners, and they will be able to improve their products.If you own an e-commerce website and you know exactly what a customer wants, you will bear profits. Constructive use of Artificial intelligence will bring you profits in a neater way.MAKING SEARCHES FASTERVoice searches are the next big things now. Siri, google assistant, Cortana or other voice search software are deeply affecting the searches on the internet and their speed. Recently, the voice search option is used on many e-commerce websites.Also, known as the virtual shopping assistant, they are popular among people of every age because even when some are hypermetropic, they can always instruct by their voice commands. Forecasted; that by 2021 all the largest e-commerce website available on the internet will use voice search to lure more and more customers.BETTER INTERACTIONSince AI has brought in the latest feature of chatrooms, interaction level of customers has increased by majority percentage. With the developing technology of artificial intelligence, chatrooms are becoming more natural. They are starting to give more humanly feel.Well, a customer doesn’t need to search for everything himself. Just type into the chatroom and voilà, his query gets answered. Implementing this AI has visibly increased customer interaction in every business.EFFECTIVE MARKETINGYou will know your targeted audience. You will know which of your subscribers want what kind of products. Hence, you can narrow down the marketing and eventually target everyone GroupWise.You also get to know few more things that help in marketing like:What your customers likeWhat they don’t likeWhat kind of devices are people using to reach your site?What kind of channels are they using?What is the ideal time to sell a product to a customerNormally, over-marketing leads to irritated customers.No- one likes to see his e-mail filled with news about stuff he doesn’t want. So, your company’s name remains safe from the hands of people.Therefore, artificial intelligence is a useful resource in website development. But what about website building process? If build manually, each website takes months of time to come into existence.Have people already tried to work on this?If yes, to what extent were they successful?.Although, a lot of hands have worked in baking this cake for a long time, yet, there has not been a ‘that’s it’ outcome.WIX ARTIFICIAL INTELLIGENCEWith the user base of 119 million, Wix is one of the top website makers which is using artificial intelligence. This is a simple pick and drop software where you can choose colors, fonts and minor sort of elements and the software builds the website for you. It has over 500 templates, all with modern approach and style, an AI bot that helps communicates with users for better results. But this software comes with many cons too.ProsTemplatesWix is a huge name and therefore has a large market. Due to increase in demand, it has over 500 templates, which gives a wide range of choice.Support27/7 help fro every element. There is a help button with every feature so that the user doesn’t have to go anywhere for help or support. Also, there is a calling option and it is open all the time. Now, this is something.Most innovative website builderIts main method to build is pick and drop. Now, there is no doubt or denial that this is the most innovative scheme ever used, is there?With everyday evolving and addition of new features, Wix is a right on option for users.ConsTemplatesAn automated process but still you cannot switch the template after the website is built. So, when a customer starts, he needs to take a proper time to select his template. Trying to change it later, he will have to build another website from scratch.Not for bigger ideasOne of the most reasons that Wix is popular is that it is totally compatible with small and medium-sized businesses. If you have to build an e-commerce site to sell limited products targeting smaller audience, this website builder is perfect but if you have larger ideas for your business, Wix doesn’t support.MOLLYNot the drug.Molly is another artificial intelligence powered website that has features of automatically cropping images and choosing pallets. At the time of Molly’s launch, this feature was new but eventually, it couldn’t win over the hearts of people.Users complained that the website created by Molly was pretty standard and even if they tried to customize it, it was difficult.Reddit, also known as the developer’s Facebook sparked by some really harsh and straightforward reviews. Some of them were so on-point that they got displayed on various websites as a review of Molly.“I was one of the founding members who paid a year or more in advance and was very excited about the potential but when I finally got access it was like… ok, but where is this revolutionary AI tech?”“I signed up almost a year in advance. But when I started to make my websites hell begun.”“it’s a major disappointment in every possible way, in my opinion.”“The system is garbage.”“I bought it originally based on their social media advertising blitz. But when I got to finally use it after months, I was not happy.”FIREDROPThis is a software where Artificial intelligence and Machine learning combiner to give out the best user experience. Firedrop brought Sacha to life, a chatbox that talks through the process of building a website. In its toddler year, Sacha was a drag and drop builder. It eventually got converted into a ‘chatty’ chatbox.Now, this may look like an overall development software but it needs a developer that can instruct everything to finish line. Firedrop is rated as one of the best AI-powered website building software and there is no nixing in that but it cannot be said as a 100 percent winner.Still, it has been reviewed to have various problems like ads and complexity.However advance AI has tried yet, it has not reached the mark where you enter a domain and boom, here is an all-responsive and beautiful website. Yes, there are various software in the market just like Wix or Molly but they don’t deliver everything that is ideally desired. Some contain one bit and some contain two but none is a full package. We know that everything comes with its pros and cons but if Artificial intelligence will not server perfection, we don’t know what will. AI: How it’s Impacting Surveillance Data Storage Related Posts China and America want the AI Prize Title: Who … Haman Mahalcenter_img CEOs in Troubled Waters (with Myriam Joire from… https://uicard.io/ A Web Developer’s New Best Friend is the AI Wai…last_img read more

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Rivero brothers out of Green Archers

first_imgPhoto by Tristan Tamayo/ INQUIRER.netLa Salle continues to lose key cogs from its core in the past two seasons.High-flying Ricci Rivero and brother Prince are reportedly out of the squad along with third-string guard Brent Paraiso over what the school calls a violation of certain university policies.ADVERTISEMENT NEXT BLOCK ASIA 2.0 introduces GURUS AWARDS to recognize and reward industry influencers In this connection, team members Prince Rivero, Ricci Rivero, and Brent Paraiso have requested to go on leave from the basketball team to honor their contractual obligations to their existing endorsements. 3/4ADVERTISEMENT This will allow the players to focus on the games and team practices without any restrictions. 2/4— DLSU Sports (@dlsusports) February 2, 2018 2 ‘newbie’ drug pushers fall in Lucena sting Prince, Ricci, and Brent are currently enrolled in the University and are attending their respective classes. 4/4— DLSU Sports (@dlsusports) February 2, 2018The statement did not expound on what endorsement deals violated university rules.Sources close to the situation confirmed that the Riveros and  Paraiso may have been axed on a more serious violation but gave no further details.Ricci, 19, experienced a huge surge in his performance this past UAAP Season 80, averaging 13.8 points, 5.3 rebounds, 2.1 assists, and 1.6 steals in his sophomore year, which merited him a spot in the Mythical Team.His stellar play also earned him an invite to Gilas Pilipinas coach Chot Reyes’ “23-for-23” cadet list for the 2023 Fiba World Cup.With the Riveros leading the way, La Salle won a UAAP title and a runnerup finish over the last two seasons. For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Perasol not putting too much pressure on prized recruit Gozum Globe Business launches leading cloud-enabled and hardware-agnostic conferencing platform in PH Don’t miss out on the latest news and information. — DLSU Sports (@dlsusports) February 2, 2018 Brace for potentially devastating typhoon approaching PH – NDRRMC Slow and steady hope for near-extinct Bangladesh tortoises The brothers’ departure is just the latest in a string of exits from La Salle following head coach Aldin Ayo bolting to University of Santo Tomas and two-time UAAP MVP Ben Mbala deciding to turn pro in Mexico.INQUIRER.net tried to get the side of all parties involved, but they have yet to respond to the queries. MOST READ UAAP Season 81: Racela says he’ll be ‘surprised’ if Ateneo loses a game in elims PLAY LIST 01:32UAAP Season 81: Racela says he’ll be ‘surprised’ if Ateneo loses a game in elims02:34UAAP SEASON 80 PREVIEW: DLSU GREEN ARCHERS00:50Trending Articles01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City Typhoon Kammuri accelerates, gains strength en route to PH LATEST STORIES La Salle’s Office of Sports Development, meanwhile, issued a statement clarifying that the Riveros and Paraiso are still enrolled in Taft, but were asked to go on leave from the team after enforcing a policy “that prohibits players to enter into sponsorship agreements with commercial entities.”De La Salle University – Office Of Sports Development’s Official Statement:FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSLillard, Anthony lead Blazers over ThunderSPORTSMalditas save PH from shutoutThe DLSU Men’s Basketball Team management announces that they have implemented a policy that prohibits players to enter into sponsorship agreements with commercial entities. 1/4— DLSU Sports (@dlsusports) February 2, 2018 Read Next AFP official booed out of forum John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding View commentslast_img read more

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Magic beat Jazz to sweep 2 games in Mexico

first_imgView comments Hotel management clarifies SEAG footballers’ kikiam breakfast issue SEA Games: Biñan football stadium stands out in preparedness, completion Orlando won despite 22 turnovers, 15 in the first half, and is in second place in the Southeast Division behind the Charlotte Hornets.Donovan Mitchell scored 24 points and Derrick Favors added 21 for the struggling Jazz (14-15), who lost for the third time in their last four games.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSUrgent reply from Philippine ‍football chiefThe game was the NBA’s 28th played in Mexico. Only the United States and Canada have hosted more.Nine of the last 26 games in Mexico have been regular-season contests. LOOK: Joyce Pring goes public with engagement to Juancho Triviño Lacson: 2019 budget delay due to P75-B House ‘insertion’ LATEST STORIES TS Kammuri to enter PAR possibly a day after SEA Games opening Is Luis Manzano planning to propose to Jessy Mendiola? SEA Games: Biñan football stadium stands out in preparedness, completioncenter_img Don’t miss out on the latest news and information. MOST READ Paul George scores 33 to help Thunder top Clippers Jazz: The matchup was the third game Utah has played in the NBA’s Global Games during the regular season, previously playing the Phoenix Suns twice in Tokyo to open the 1990-91 season.Magic: The game was the third for Orlando playing in Mexico, following games against Charlotte in 2012 and the two this week. … Orlando has made at least one 3-pointer in 931 consecutive games, dating to March 17, 2007. It stands as the fifth-longest active streak in the NBA. . Ross scored in double figures for the 22nd time this season.UP NEXTJazz: Will play at Houston on Monday.Magic: Will host San Antonio on Wednesday.Sports Related Videospowered by AdSparcRead Next Orlando Magic’s Evan Fournier, center, controls a ball as Utah Jazz’s Donovan Mitchell tries to steal in a regular-season NBA basketball game in Mexico City, Saturday Dec. 15, 2018. (AP Photo/Claudio Cruz)MEXICO CITY — Evan Fournier scored 24 points, Terrence Ross came off the bench to add 10 of his 19 in the fourth quarter, and the Orlando Magic rallied from an 11-point deficit to beat the Utah Jazz 96-89 on Saturday and sweep their two-game homestand in Mexico City.Ross shot 8 of 9 from the field and Nikola Vucevic added 15 points and a season-high 19 rebounds for the Magic (13-15), who beat the Chicago Bulls 97-91 on Thursday.ADVERTISEMENT Private companies step in to help SEA Games hosting PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss The first-half was lackadaisical as both teams struggled. Orlando committed 11 turnovers in the first quarter but trailed only 35-33 at halftime because the Jazz shot 29 percent from the field.Fournier led all scorers after two quarters with 14 points, 10 of those through a first quarter that finished tied 14-14.In the third, the Jazz pull ahead 46-36 with a three-point play from Favors, but the Magic rallied and took a 51-50 lead with a 3-pointer from Aaron Gordon with 2:20 left to play in a period that finished 56-53 for the Jazz after a 3-pointer from Jae Crowder.Ross scored seven straight points in the fourth as the Magic surged ahead.TIP-INSADVERTISEMENTlast_img read more

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Boeing draws first blood as US Commerce Department hits Bombardier hard

first_imgOTTAWA – Bombardier’s hopes for breaking into the U.S. commercial aviation market took a massive blow on Tuesday, as the U.S. Department of Commerce proposed a hefty 219 per cent duty on its CSeries jets.The department ruled in a preliminary decision that Bombardier benefited from improper government subsidies, which gave the Montreal-based company an unfair advantage when selling south of the border.The investigation was sparked by a complaint from U.S. aerospace giant Boeing, after Bombardier secured a deal for up to 125 of its CS100s with Delta Air Lines in April 2016.The list price for the planes is around $6 billion, but the actual amount of money involved in the deal has not been made public and Boeing alleges Bombardier offered them for much less.The financial penalties aren’t officially due until Bombardier delivers the first CS100 to Delta, which is expected in the spring. They could also still be dropped or refunded.The key will be whether the U.S. International Trade Commissions finds that Bombardier-Delta deal actually hurt Boeing’s business, a decision that’s not expected until the spring.But the ruling gives Boeing momentum as the dispute drags on, and more leverage in any future talks between the Trudeau government and the Chicago-based company to reach a negotiated settlement.Boeing wasted no time in declaring victory on Tuesday.“Subsidies enabled Bombardier to dump its product into the U.S. market, harming aerospace workers in the United States and throughout Boeing’s global supply chain,” the company said in a statement.The dispute is not about limiting innovation or competition, it continued. “Rather, it has everything to do with maintaining a level playing field and ensuring that aerospace companies abide by trade agreements.”U.S. Secretary of Commerce Wilbur Ross said in his own statement that while the United States values its relationship with Canada, “even our closest allies must play by the rules.”Meanwhile, Bombardier and the Trudeau government appeared to be reeling. Most had expected the Commerce Department to rule against Bombardier, but the size of the proposed duty was surprising.Boeing had been asking for an 80 per cent duty.“The magnitude of the proposed duty is absurd and divorced from the reality about the financing of multibillion-dollar aircraft programs,” Bombardier said in a statement.“Boeing is seeking to use a skewed process to stifle competition and prevent U.S. airlines and their passengers from benefiting from the CSeries.”British Prime Minister Theresa May said on Twitter Wednesday that she was “bitterly disappointed” by the U.S. ruling.She said her government “will continue to work with the company to protect vital jobs for Northern Ireland,” where Bombardier employs more than 4,000 people at its factories in Belfast.Speaking before the ruling, Prime Minister Justin Trudeau promised to continue to stand with Bombardier and Canada’s aerospace industry. He also once again threatened to cut government ties with Boeing.“Certainly we won’t deal with a company that’s attacking us and attacking thousands of Canadian jobs,” Trudeau said outside the House of Commons.But Foreign Affairs Minister Chrystia Freeland made no mention of retaliatory action in a statement released after the ruling, promising instead to continue raising the dispute with U.S. officials at all levels.Tuesday’s finding was actually the first of two that the Commerce Department is scheduled to release on Bombardier. Attention now turns to whether it “dumped” CS100s into the U.S. by selling them below cost.That finding is scheduled on Oct. 4, but could be delayed.But the real question, which is being tackled by the U.S. International Trade Commission, is whether the deal between Bombardier and Delta hurt Boeing.That ruling, which is expected in the spring, will be the key to whether any duties slapped on the CS100s become permanent or whether the case is dismissed and all duties are lifted.Boeing contends that by breaking U.S. and global trade laws, Bombardier created an unfair playing field in the aerospace industry that poses a risk to its long-term business.But Bombardier and its supporters are clearly banking on the trade commission siding with them, now that the Commerce Department has come out with its preliminary findings against the Canadian company.Even if that is the case, however, either side can appeal the entire case to the U.S. Court of International Trade, bring it before NAFTA dispute bodies, or even take the matter to the World Trade Organization.Quebec Finance Minister Carlos Leitao, whose government invested US$1 billion for a 49.5 per cent stake in the CSeries program last year, said he was confident that Bombardier would beat Boeing.But he tempered his optimism by noting that it could take a long time to resolve the case, which Leitao said could hurt Bombardier — and which is why Quebec will continue to support the company.“At the end of the day, as often happens in this type of dispute, the Canadian side will win,” he told The Canadian Press in New York. “Now that day could be a very long day, so that’s where the risks come from.”It was the second bit of bad news for Bombardier on Tuesday — two European railway manufacturers announced they were merging and would present a united front against the Montreal-based company.But there was also a glimmer of good news, after a senior Bombardier official said the firm was hoping to close several deals with Chinese airlines.— with reporting from Andy Blatchford in New York and Ross Marowits in Montreal.— Follow @leeberthiaume on Twitter.last_img read more

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Toronto stocks fall US markets mixed Loonie up against US dollar

first_imgTORONTO — Canada’s main stock index was lower in late-morning trading amid losses in the energy, financial and industrial sectors, while the loonie edged up compared with the U.S. dollar.The S&P/TSX composite index was down 28.54 points at 15,104.58.In New York, the Dow Jones industrial average was down 147.48 points at 24,933.02. The S&P 500 index was down 9.62 points at 2,691.96, while the Nasdaq composite was up 0.83 of a point at 7,137.22.The Canadian dollar traded higher at 75.62 cents US compared with an average of 75.56 cents US on Wednesday.The January crude oil contract was up 71 cents at US$57.15 per barrel and the December natural gas contract was down 66.0 cents at US$4.18 per mmBTU.The December gold contract was up US$3.60 at US$1,213.70 an ounce and the December copper contract was up 4.35 cents at US$2.75 a pound.The Canadian Presslast_img read more

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