October dates set for preliminary hearing in shipbuilding secrets case

first_imgOTTAWA — A preliminary hearing is set for October in the case of a public servant accused of leaking cabinet secrets about a $700-million naval contract.Matthew Matchett, a suspended Public Service and Procurement Canada official, has pleaded not guilty to a charge of breach of trust in the matter.During a brief hearing Tuesday, three days — Oct. 23 to 25 — were set aside for a preliminary inquiry despite Crown suggestions that waiting seven months could jeopardize Matchett’s right to timely justice.Prosecutor Jeannine Plamondon indicated that a shorter hearing, or one held on non-consecutive days, could have been scheduled sooner — stressing the Crown’s efforts to ensure speedy proceedings.However, Matchett’s lawyer, Matthew Day, seemed satisfied with the timetable, saying he had yet to receive all relevant documents from the Crown in the case.Vice-Admiral Mark Norman, the military’s former second-in-command, is also accused of leaking information about the contract between the federal government and Davie Shipbuilding in Quebec. Norman has denied any wrongdoing and his trial is scheduled to begin in August.The Canadian Presslast_img read more

Invest Turks and Caicos launches tonight

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 18 Jan 2016 – The official launch of the Invest Turks and Caicos Agency will happen tonight at the Provo Golf Club and among the features will be remarks by the Finance Minister and the first official meeting of new CEO, John Rutherford, OBE. Rutherford took office since December and has worked in the investment field for 21 years according to TCIG; with experience in the US West Coast and Hong Kong. John Rutherford was chosen from some 125 applicants and the Board, headed by banker, Anton Faessler explained that it is confident that the right choice has been made.There was lots of explanation by TCIG and the Minister for why Rutherford, who is not from the TCI, was selected for the job and how natives can rest assured there are other opportunities at the Agency for them. Rutherford is on record saying he believes other vacancies at Invest Turks and Caicos can be filled by Turks and Caicos Islanders. The newly formed Investment Promotion Agency will handle the main marketing of ‘brand Turks and Caicos Islands.’ It was explained that the specific mandate is to promote and facilitate trade and investment, public- private partnership and other forms of commercial alliances, encourage domestic entrepreneurship, innovation and capital formation, and generally to liaise with government agencies and the private sector in order to streamline the investment process. If the agency lives up to these touted goals, it could be like a balm in Gilead as businesses have for years called on government to ease the process for companies already established in the islands, and to roll out a truer welcome mat for investors. Host of the event which gets started at 7pm is the Minister of Finance, Hon Washington Misick. Recommended for you Invest Turks and Caicos Hosts Enhancing National Competitiveness Conference Preview of Budget reveals salary hikes, millions is saving with retired of UK bail out loan Related Items:invest tci, john rutherford, washington misick Cabinet Ministers get to spend more, CFO stays on the job Facebook Twitter Google+LinkedInPinterestWhatsApplast_img read more

Netflix added subscribers like gangbusters but it wont book as many next

first_img Is Netflix too expensive? Netflix doesn’t think so In a letter to shareholders, Netflix said it was in the middle of its price hikes in the US, Brazil, Mexico and some parts of Europe, which created “some modest short-term churn” — jargon for people quitting. But it downplayed the threat of new competitors like Apple and Disney rolling out streaming services. The company called them “world class consumer brands” but indicated their presence wouldn’t impact Netflix’s growth.”We don’t anticipate that these new entrants will materially affect our growth because the transition from linear to on demand entertainment is so massive and because of the differing nature of our content offerings,” Netflix wrote. “We believe we’ll all continue to grow as we each invest more in content and improve our service and as consumers continue to migrate away from linear viewing.”Netflix noted that its streaming video represents about 10% of viewing hours on televisions in the US.In its results, international subscriber base grew by 7.86 million members to 88.63 million, beating the 7.3 million additions the company predicted. In the US, Netflix added 1.74 million streaming customer, for a total of 60.23 million, surpassing its 1.6 million guidance.In the second quarter, Netflix expects to add only 300,000 streaming members in the US and 4.7 million new members internationally. Netflix predicts 55 cents per share in earnings for the period, while on average, Wall Street analysts who track Netflix expect 99 cents.Overall for the first quarter, Netflix reported a profit of $344 million, or 76 cents a share, compared with $290.1 million, or 64 cents a share, a year earlier. Revenue rose 22 percent to $4.52 billion.Analysts on average expected per-share profit of 57 cents — a penny more than Netflix’s guidance — and $4.5 billion in revenue. Digital Media 1:36 Earnings Netflix Share your voice Now playing: Watch this: Netflix’s Triple Frontier, an action flick starring Ben Affleck, was streamed by 52 million accounts in the first month.  Netflix Netflix’s latest report on its business had a twist ending this time: The streaming-video giant still is adding customers like crazy, but it doesn’t expect its growth to keep pace in the coming monthsUS subscribers grew by 1.74 million and its members abroad climbed by 7.86 million, Netflix said in a report Tuesday on its first-quarter financial performance. But the company predicted the current quarter’s subscriber ranks would increase by just 5 million people, roughly half of the 9.6 total members it added in the first three months of the year. Netflix also touted the viewership of some of its originals. Heist movie Triple Frontier, starring Ben Affleck, was watched by more than 52 million households in its first four weeks. Umbrella Academy, a superhero drama based on a comic book by Gabriel Bá, has been watched by 45 million subscribers in its first four weeks, the company said.Netflix’s cautious outlook comes days after entertainment giant Disney unveiled its Netflix rival, Disney Plus. Launching in the US later this year for $7 a month, Disney Plus will mark the company’s aggressive move onto Netflix’s streaming turf. Given the eye-popping catalog of shows and movies Disney plans to put on its streaming service, it’s easy to lose sight of how dominant Netflix is likely to stay. Compared with Netflix’s total subscribers, which surpassed 148 million per Tuesday’s report, Disney’s most optimistic projection for its growth five years after launching will still be shy of 100 million Disney Plus members.  Tags Post a comment 0last_img read more

Trafalgars top European destination Think la dolce vita

first_img Posted by Travelweek Group TORONTO — The 17 itineraries in Trafalgar’s new 2018 Italy program include new tours to Sicily and a four-day Aegean Cruise option on the company’s Best of Italy and Greece guided vacation.Clients can take advantage of Trafalgar’s 10% Early Payment Discount. The discount applies to the land-portion of select Trafalgar trips when paid in full by Jan. 11, 2018.“Italy is the number one European destination for our Canadian guests who simply fall under the spell of ‘la dolce vita’ and every year we continue to innovate and further enhance our program with a myriad of authentic experiences,” said Wolf Paunic, President, Trafalgar Canada. “On several of our itineraries, our new exceptional after-hours VIP dining experiences within the Vatican will be available to our clients during the 2018 operating season and the opportunity to be personally welcomed by the Curator of the Ethnological Museum, Padre Mappelli, for a tour of the papal conclave.”More news:  Sunwing ready to launch Mazatlán-Quebec City direct this winterA brand new itinerary for 2018, the Regional Explorer 11-day journey Wonders of Italy, is an exploration of Italy’s art, architecture and old-world charm. With a Local Specialist, guests get an exclusive visit to The Vatican Museums. In Tuscany, a Be My Guest dining experience takes place at the Lenzi family home at Fattoria de Petroio where guests can savour lunch with home-baked bread and hand-harvested wine. Friday, December 8, 2017 Trafalgar’s top European destination? Think ‘la dolce vita’center_img Share Tags: Trafalgar << Previous PostNext Post >>last_img read more