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Building your own home from a low income group has become a reality: Murad – Pakistan | Instant News


Last updated when July 26, 2020 19:14

Building your own home from a low income group has become a reality: Murad

ISLAMABAD (Dunya News) – Minister of Communication and Postal Services Murad Saeed on Sunday said that building one’s own house is no longer a dream, because it has become a reality.

In a tweet, he said that for low-income people, building a house through the Prime Minister’s construction assistance package is now very easy. He thanked Prime Minister Imran Khan for launching this historic initiative.

He said they even criticized this history for promising “Bread, Capra and Eating” for 50 years but plundering and plundering national resources.

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Online petitions are gaining traction because the UK government is facing pressure to ban conversion therapy – National | Instant News


Warning: This article discusses conversion therapy in detail as well as suicide.

A highlight highlights the practice of conversion therapy that is taking place in the UK, even though it is labeled as “inhuman” and “degrading” in latest report by the United Nations.

Conversion therapy is defined as having the goal of changing one’s sexual orientation or to suppress one’s gender identity.

This can take many forms, from prayer sessions, electroshock therapy and pseudo medical procedures to rape and exorcism.

The UN report, presented to the global human rights body by Victor Madrigal-Borloz, called for a worldwide ban, saying, “It not only causes severe pain and suffering, but also leaves physical and long-term psychological damage.”

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Canada is exploring reform of the Criminal Code to stop conversion therapy

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In canada, amendments to the Criminal Code proposed in March outlining the creation of five new violations to ban the practice.

However, the law was postponed because MPs only dealt with issues related to the COVID-19 pandemic.

This practice is banned in a number of provinces including Ontario and Manitoba, as well as cities such as Vancouver, Calgary and Edmonton.

There are also a number of surveys, reports and studies on the topic, including one by The Trevor Project, published in the July edition The American Journal of Public Health.

One of the main findings is that “LGBTQ youth who undergo conversion therapy are more than twice as likely to report suicide attempts and are more than 2.5 times more likely to report several suicide attempts in the past year than those who did not.”

“There are many in society who want to practice this saying that this is a matter of free speech, and no, this is not a matter of free speech. This is torture, “said Jayne Ozanne, a famous gay evangelist who works to support LGBTQ2 people of all religions.

“Most who have passed have been injured. They seem to, like me, lose most of their friends and often family members, “Ozanne said.

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Andrew Scheer will not comment on Derek Sloan’s statement about conversion therapy


Andrew Scheer will not comment on Derek Sloan’s statement about conversion therapy

In Britain, a ban has been discussed about returning at least seven years.

In 2017The Church of England called on the British government to take action and ban the practice after Ozanne filed a motion in January of that year.

The following year, in July, Rt. Hon. Minister of Women and Equality Penny Mordaunt promised“We will submit a proposal to end the practice of conversion therapy in the UK

“This activity is wrong, and we don’t want to let them continue.”

However, two years later, there has been no concrete action.

A online petition gained traction in part because a large number of celebrities and activists, such as Munroe Bergdorf and Elton John, have fought for the cause by sharing links on social media and signing open letters to the government.

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The petition was launched by 15-year-old Mahed Asad.

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The Lethbridge city council issued regulations prohibiting conversion therapy

“I have LGBT friends and I just think they will experience psychological trauma and in some cases physical trauma and that surprised me,” Asad said.

Now, the petition has received more than double the support needed to bring the matter to MPs for possible debate on this issue.

“Seeing the extraordinary support shows that the community understands and is more progressive than you think and the unwavering support that the LGBT community really has,” Asad said.

However, with the end of the current session, and MPs immediately leaving for summer vacation, those who have an advocacy group Stone wall afraid of what it means to delay longer for vulnerable members of society.

“Every day, every week that passes where conversion therapy is still valid and practiced, more and more LGBT people will continue to be offered and undergo conversion therapy,” said Josh Bradlow, Stonewall’s policy manager.










Ottawa introduced a ban on LGBTQ2 conversion therapy


Ottawa introduced a ban on LGBTQ2 conversion therapy

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UBI Italia rejects Intesa’s increasing takeover offer | Instant News


MILAN (Reuters) – UBI BancaUBI.MI) on Thursday rejected a takeover offer by rival Intesa Sanpaolo (ISP.MI), said it still failed to reflect the real value of the fifth largest bank in Italy and was enough to give gifts to its shareholders.

FILE PHOTOS: UBI bank headquarters seen in Brescia, Italy, March 9, 2016. REUTERS / Alessandro Bianchi / Photo File

Intesa and UBI have been in big trouble about what will become one of the biggest banking mergers in Europe since the global financial crisis.

In an effort to win UBI’s core shareholders, Intesa said last week it would offer 0.57 euros in cash in addition to 1.7 new Intesa shares for each UBI share.

Intesa, who had previously ruled out increasing bids, said it would spend up to 652 million euros to offer a 40% premium on UBI’s closing price on the day the offer was launched, up from the initial 24%.

Although UBI rejects the offer, analysts expect generous premiums to convince shareholders. Sweeteners last week encouraged investors holding 20% ​​of UBI to say they would tender their shares.

But UBI said the cash component only partially offset the lack of valuation that the bank and its advisers gave at 1.1 billion euros.

The implicit exchange ratio increased from 2.0 Intesa shares for each UBI share is still below the average ratio according to UBI must be 2.4 times.

Italy’s second-largest bank began its bid on UBI in mid-February, a few days before COVID-19 transmission hit Italy, in an effort to boost profits through cost-cutting by grabbing the healthiest among second-tier counterparts.

UBI has championed the offer, saying it aims to bring out competitors who can play an active role in long-awaited banking consolidation in Italy.

The withdrawal reached 26.4% of UBI’s capital, but is expected to easily reach 60% before the offer ends on July 28, two sources close to the offer told Reuters.

The minimum take for bid validity is 50% plus one share.

An acceptance of 66.7% will guarantee Intesa controls the extraordinary shareholder resolution, reducing the sale of 532 bank branches, mostly at UBI, which Intesa has done on antitrust grounds.

To attract retail customers and small business owners who are roughly half of UBI’s investor base, Intesa has invested in a full-page newspaper ad and TV ad to market the profits from its offer.

UBI, in turn, has advertised the board’s refusal to bid with a full-page ad that says “Trust cannot be bought.”

The Codacons consumer association said on Thursday it had asked Consob market regulators and prosecutors in Milan and Bergamo to ensure that UBI clients received accurate information about Intesa’s offer from their local branch.

Reporting by Valentina Za and Andrea Mandala in Milan; Editing by Matthew Lewis

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UBI Italia rejects Intesa’s increasing takeover offer | Instant News


MILAN (Reuters) – UBI BancaUBI.MI) on Thursday rejected a takeover offer by rival Intesa Sanpaolo (ISP.MI), said it still failed to reflect the real value of the fifth largest bank in Italy and was enough to give gifts to its shareholders.

FILE PHOTOS: UBI bank headquarters seen in Brescia, Italy, March 9, 2016. REUTERS / Alessandro Bianchi / Photo File

Intesa and UBI have been in big trouble about what will become one of the biggest banking mergers in Europe since the global financial crisis.

In an effort to win UBI’s core shareholders, Intesa said last week it would offer 0.57 euros in cash in addition to 1.7 new Intesa shares for each UBI share.

Intesa, who had previously ruled out increasing bids, said it would spend up to 652 million euros to offer a 40% premium on UBI’s closing price on the day the offer was launched, up from the initial 24%.

Although UBI rejects the offer, analysts expect generous premiums to convince shareholders. Sweeteners last week encouraged investors holding 20% ​​of UBI to say they would tender their shares.

But UBI said the cash component only partially offset the lack of valuation that the bank and its advisers gave at 1.1 billion euros.

The implicit exchange ratio increased from 2.0 Intesa shares for each UBI share is still below the average ratio according to UBI must be 2.4 times.

Italy’s second-largest bank began its bid on UBI in mid-February, a few days before COVID-19 transmission hit Italy, in an effort to boost profits through cost-cutting by grabbing the healthiest among second-tier counterparts.

UBI has championed the offer, saying it aims to bring out competitors who can play an active role in long-awaited banking consolidation in Italy.

The withdrawal reached 26.4% of UBI’s capital, but is expected to easily reach 60% before the offer ends on July 28, two sources close to the offer told Reuters.

The minimum take for bid validity is 50% plus one share.

An acceptance of 66.7% will guarantee Intesa controls the extraordinary shareholder resolution, reducing the sale of 532 bank branches, mostly at UBI, which Intesa has done on antitrust grounds.

To attract retail customers and small business owners who are roughly half of UBI’s investor base, Intesa has invested in a full-page newspaper ad and TV ad to market the profits from its offer.

UBI, in turn, has advertised the board’s refusal to bid with a full-page ad that says “Trust cannot be bought.”

The Codacons consumer association said on Thursday it had asked Consob market regulators and prosecutors in Milan and Bergamo to ensure that UBI clients received accurate information about Intesa’s offer from their local branch.

Reporting by Valentina Za and Andrea Mandala in Milan; Editing by Matthew Lewis

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BPER aims to play a role in the consolidation of Italian banking: the CEO told the paper | Instant News


ROMA (Reuters) – BPER Bank (EMII.MI) said on Thursday it would play an active role in the consolidation of Italian banking after completing the acquisition of UBI Banca (UBI.MI) branch, whose sales are part of Intesa Sanpaolo’s (ISP.MI) offer for UBI.

FILE PHOTOS: The Bper bank logo is depicted in downtown Milan, Italy, November 7, 2016. REUTERS / Stefano Rellandini / File Photo

Intesa Sanpaolo announced a $ 4 billion paper exchange offer for UBI in February. To win antitrust approval, Intesa agreed to sell 532 branches to BPER. The agreement has not received support from enough UBI shareholders to go through.

“In the next few months we will be busy in an agreement for 532 UBI branches which, in terms of size, are like buying a bank,” BPER Chief Executive Alessandro Vandelli told the financial daily Il Sole 24 Ore.

“Then we believe that we can play an active role in (banking) consolidation,” he said.

UBI has rejected the offer and agreement, which will create the eurozone’s seventh largest banking group. The agreement also received resistance from several local UBI investors.

“For us this is a unique opportunity and may not be repeated to grow,” said Vandelli, said the operation depended on the results of the tender offer, which lasted until July 28 and required acceptance of 50% of UBI’s capital plus one share to be valid. .

On Wednesday, take-up stands at 17.2% of UBI’s capital.

Vandelli met with the CEO of UBI, Victor Massiah at the end of 2019 to discuss the possibility of bonding, “but in December UBI decided to move forward with an independent strategy,” said the BPER boss.

Vandelli said the bank plans to launch a capital increase to fund the move in the second half of September. Sources said it would raise 600 million to 700 million euros through the issuance of shares. Buying a branch is expected to take several months, he added.

Vandelli said there were no plans to make the branch staff redundant, adding: “We aim to increase not to cut resources.”

Reporting by Gianluca Semeraro, written by Giulia Segreti

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