Officials in Minnesota are reporting that they have arrested a 46-year-old man who reportedly set his mobile home on fire to kill his 22-year-old daughter after an argument.The incident occurred Tuesday in Paynesville.Authorities say they received a call from the victim, Jamey Newport stating that her father was going to set their home on fire. During the phone call, authorities reported that Newport than began screaming and coughing claiming that her father had set the home on fire and that she was trapped inside.A responding officer found black smoke coming out of the mobile home and could hear Newport screaming inside. The officer attempted to get inside the home from there rear where he heard the victim screaming, however, he was unsuccessful before the home was engulfed in flames.The officer then went back to the front of the home, where he found the victim’s father John Newport yelling at the victim through a broken window.He then attempted to get back into the home through a door and then through a broken window but eventually retreated. He was eventually restrained by the officer and taken to a hospital to for treatment on his injuries.Firefighters arrived to the scene and immediately put out the fire and pulled the victim from the home.She was taken to an area hospital where she was pronounced dead.According to the report, the two argued about Jamey’s plans to move out of the home and that John posted on Facebook Friday that he planned to burn down his house.John has since been taken Stearns County Jail and charged with second-degree murder. He remains behind bars on a $2 million bond.
Aaron Mokoena goes through his pacesin training.(Images: The Aaron Mokoena Foundation) Aaron and the Bafana squad in training.MEDIA CONTACTS • Margeret BlanksonThe Aaron Mokoena Foundation+44 208 150 6679• Morio SanyaneSafa communications director+27 82 990 0835RELATED ARTICLES• Bafana final squad announced• Centre for SA’s future football stars• A brief history of Bafana Bafana• Glitzy Captain’s dinner planned• Grassroots football alive and kickingRay MaotaAaron Mokoena, the captain of South Africa’s national football team, Bafana Bafana and UK Premier League club Portsmouth, will receive the Freedom of the City of London on 10 November 2010.The award, which will be presented to Mokoena at a ceremony in the Chamberlain’s Court at Guildhall in London, acknowledges his contribution to the sport and charity, through the Aaron Mokoena Foundation.It is one of the highest honours given to an individual in the City of London.“This is a great honour for me and it’s one of my biggest achievements, one I will cherish for the rest of my life,” Mokoena said.Andrew Parmley, chairperson of the Board of Governors for both the London School for Girls and the Guildhall School of Music, nominated Mokoena after he met the South Africa skipper during President Jacob Zuma’s state visit to the UK earlier this year.“I was impressed by what Aaron has achieved in his football career as captain of South Africa and Portsmouth FC, and by his determination to ensure young people in South Africa have access to sport and education opportunities through his charitable foundation,” said Parmley in a statement.Praise for ‘Mbazo’Mokoena, whose crunching tackles have earned him the nickname Mbazo, which is isiZulu for axe, has also impressed his Bafana Bafana coach Pitso Mosimane. “I am proud of his achievements. He has been a great servant of the national team and a wonderful ambassador for South African football abroad. In my view no one is more deserving of the honour,” Mosimane said.“This honour does not come as a surprise to me. He is a special player and a special person and we just hope this will serve as an inspiration to many players out there that whatever you set your mind to, you can make it,” added Mosimane.CEO of the South African Football Association Leslie Sedibe said the association was happy to see one of its players making a meaningful contribution to ordinary lives.“It’s good for Mbazo and we congratulate him in advance for getting the freedom of London,” said Sedibe.David Lampitt, Portsmouth’s CEO, described Mokoena as a great role model for all young people and all Portsmouth fans.“The club has been fully supportive of the work Aaron is undertaking in South Africa through his foundation, and congratulates him on this wonderful accolade,” Lampitt said.Kaizer Motaung, owner of South Africa’s Kaizer Chiefs Football Club, told the Sowetan newspaper that it was good for Mokoena to follow in the footsteps of the likes of Doctor Steve “Kalamazoo” Mokone.Mokone is well-known for representing South African football talent abroad during the apartheid years.“Aaron Mokoena’s achievement has therefore crowned a successful career in the tough English football fraternity, and is worthy of receiving our full respect. I just hope other youngsters will emulate such heroic feats that demonstrate the quality of our exports, which have raised the standard of our football abroad,” said Motaung.Career Mokoena is the youngest capped player in South African football history, having been first selected for the national team at age 17. Since then, he’s played for Bafana Bafana 104 times. Mokoena led the squad during the 2010 Fifa World Cup, the first tournament of its kind to be held on African soil.In addition to Bafana and Portsmouth, Mbazo, now aged 29, has played for a number of other prominent clubs, including Ajax Amsterdam, KRC Genk, and Blackburn Rovers.Making a differenceThe Aaron Mokoena Foundation was launched “… with the aspiration of making a real sustainable difference to young people in South Africa using the power of football,” according to the charity.It was launched as a non-profit organisation in South Africa in 2009.The foundation focuses on improving education, health and life opportunities for underprivileged young South Africans. It does this through a coaching programme and campaigns in targeted communities and schools.Through the foundation, Makoena is also hoping to establish a football academy in Gauteng province.History of awardAccording to the City of London, the first Freedom of the City was presented in 1237 and is one of the oldest traditional ceremonies still practised today. Other notable recipients of the award include Nelson Mandela, Princess Diana, Luciano Pavarotti, Florence Nightingale and Winston Churchill.
Follow the Puck From: Doc Emmet Brown To: Marty Mcfly Dear Marty,If my calculations are correct. the last time we saw each other was the year 1985. Ten years later, in the year 1995, you’ve followed in your father’s footsteps and become a science fiction writer.Marty, I am writing to alarm you about a major disturbance in the future of technology. This technology will derail the ubiquity of flying cars, self-lacing Nikes, and hoverboards.The very technology that you’re using for the first time in 1995, the internet, yes my dear Marty, it will alter the future of mankind in ways you can’t imagine! Great Scott! Marty, you currently use your phone and a modem to access the internet. In the future, twenty years from now, we will be on the dawn of an era where every device around you will access the internet. These devices will talk to each other! You don’t understand, but this is the dawn of IOT aka Internet of Things. Your car, your phone, your air conditioner, each device will have the capacity to talk to the “smart” devices around it.You don’t understand, but this technology is IoT aka the Internet of Things. Your car, your phone, your air conditioner, each device will have the capacity to talk to the “smart” devices around it.Marty, I risk this automated email because I know that when it finds you, you’ll have the ability to avoid the mistakes that other science fiction writers made when writing about the future. I’ve listed several well-known science fiction films. Some titles you may or may not know. I’ve taken the time to provide you a synopsis of each and how IoT technology will impact each!Blade Runner – Based in 2019, set in a dystopian Los Angeles that feels like Hong Kong sprinkled with flying cars and buildings shaped like pyramids. A group of androids that resemble human beings are trying to find their creator before their batteries run out and hopefully get some re-engineering for a bunch of 1-UPs. Unfortunately for Phillip K. Dick, androids don’t dream of electric sheep and the IoT world which is upon us would have tagged these human-gobots wherever they roamed. The replicants wouldn’t have been able to fit in and the global tracking network would have told on them wherever they went, making Deckard’s job much easier. Even if Roy Batty made it into the elevator with JF Sebastian the emotion recognition system would have sensed that something was terribly wrong, never allowing them to continue to Dr. Tyrell floor. No late night chess.Minority Report – In the year 2054, future crimes aka Precrimes are monitored and foretold by a trio of Ms. Cleo’s known as “The Precogs,” who proactively work with law enforcement and the film’s protagonist, John Anderton to prevent crimes from happening in the future. An IoT world will eliminate the need for Precogs or a Precrime unit! Emotions like anger will be monitored and reported to the emotions department of the local law enforcement who will track and interact with IoT devices around you to prevent you from committing crimes. Thinking about killing your wife’s secret lover? Forget it. Your smart car won’t allow you to drive to his home until your anger levels have decreased.The Matrix – A hacker named Neo is recruited by a group of humans who’ve broken free of the digital matrix controlling humans in the future. IoT will place us in a matrix and it will be almost impossible to escape. We’ll connect to the IoT matrix by the devices and machines in our environment, learning, reporting and calculating our every move. This story should be rewritten and feature Neo as a human who simply doesn’t want to have his every action monitored and reported. Regardless of what pill you choose, that day is coming.Terminator – In the future year of 2029, an artificial machine intelligence, a computer system known as Skynet, has taken over the world. The humans who rebel against Skynet are led by John Connor. In the film, Skynet will send a Terminator, a killing robot, to the past to find and kill Sarah Connor, the mother of John Connor — before he’s born. In an IoT world, a revolt will be futile. Each human will be digitally marked and regardless of where you go, you’ll interact with devices that know you, report and share data about you. Marty, there will be no resistance. IoT is the future. IoT is Skynet.I realize that these words may come to you as a surprise. In the year 1995, you’re just getting familiar with chat rooms and it is hard to put faith in an Internet that connects machines to one another, an Internet without modems and more importantly, without AOL.However, 20 years from now, this will be so. Work hard. Write well Futureboy, and know that every device in Hill Valley will one day connected to the internet.P.S. — Our trip to the future altered the future of baseball! The Cubs won the World Series a year later! Great Scott! Related Posts Clarke Illmatical Small Business Cybersecurity Threats and How to… Why IoT Apps are Eating Device Interfaces Internet of Things Makes it Easier to Steal You… Tags:#cloud computing#Internet of Things#IoT#Trends
Nonong Araneta re-elected as PFF president Typhoon Kammuri accelerates, gains strength en route to PH Read Next Photo by Tristan Tamayo/ INQUIRER.netGame 2 of the 2017 PBA Governors’ Cup Finals between Ginebra and Meralco drew a mammoth crowd at Smart Araneta Coliseum on Sunday.But lost in the shuffle of the 16,159-strong fans who made their way to the Big Dome was the presence of Philippine basketball greats Robert Jaworski and Francis Arnaiz.ADVERTISEMENT Frontrow holds fun run to raise funds for young cancer patients The legendary backcourt tandem was side-by-side again among the screaming crowd when their old teams clash for the title in the season-ending conference.As always, Jaworski’s presence drew a lot of attention as fans came in troves to get a photo of the former senator.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutBut it didn’t take long before the public acknowledged Arnaiz, who was smiling as he soaked in the atmosphere from the rambunctious Araneta crowd, that even celebrities in attendance like newscaster Arnold Clavio couldn’t help but ask for mementos.With Jaworski and Arnaiz terrorizing the backcourt back in their day, they led their old Meralco team, then-known as the Reddy Kilowatts, to the 1971 Open Championship in the defunct MICAA. Trending Articles PLAY LIST 00:50Trending Articles01:27Filipino athletes get grand send-off ahead of SEA Games00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police 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 Games View comments LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary LATEST STORIES Fire hits houses in Mandaluyong City Black challenges locals to make shots, help Durham Don’t miss out on the latest news and information. Brace for potentially devastating typhoon approaching PH – NDRRMC Kammuri turning to super typhoon less likely but possible — Pagasa BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight They then took their partnership in the PBA, as they helped Toyota win nine titles before switching sides to Ginebra, where they won the franchise’s first taste of gold in the 1986 Open Conference.The Gin Kings ended up taking Game 2, 86-76, to grab a 2-0 lead in the 2017 PBA Governors’ Cup Finals. MOST READ
Facing a four-point lead in the final minute, Alex Cabagnot didn’t want the game to slip away from San Miguel, banging a corner three in the last five seconds of the game.The window remained open for the Beermen after Alex Mallari muffed his freebies, but Fonacier and Fuller stifled Cabagnot’s last-second jumper to preserve the victory.Wendell McKines topped San Miguel with 28 points, 14 rebounds, and six assists, while Cabagnot, Marcio Lassiter, and Arwind Santos all had 19 markers apiece in the loss.NLEX broke the game open early, 25-10, but San Miguel kept coming back before the Road Warriors finally took the driver’s seat late in the third quarter, 70-68, setting up the nip-and-tuck battle to the finish.The scores:ADVERTISEMENT Celebrity chef Gary Rhodes dies at 59 with wife by his side Don’t miss out on the latest news and information. “Larry is vintage from eight years ago. He’s playing well for us, not only the leadership but also the scoring,” said NLEX head coach Yeng Guiao.Fonacier unleashed eight of his 16 points in the fourth period as he went 4-of-5 from beyond the arc, on top of four rebounds and three assists.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingAaron Fuller led NLEX with 26 markers, 22 boards, two steals, and two blocks, while JR Quiñahan got 17 points, 10 rebounds, and one assist — that being the tip that led to Fonacier’s backbreaking three-pointer.“It’s so hard to believe that we beat San Miguel in a tight game. We are developing some maturity and composure in the end game and it’s a good sign for us,” he said. “The more important thing is we got our sixth win which, in our calculation, makes us clinch a spot the quarterfinals.” Yap, Rain or Shine finally beat Star NLEX 103 – Fuller 26, Quiñahan 17, Fonacier 16, Mallari 10, Tiongson 8, Alas 7, Soyud 7, Baguio 5, J. Villanueva 3, Lastimosa 2, Al-Hussaini 2, Taulava 0.SAN MIGUEL 100 – McKines 28, Lassiter 19, Santos 19, Cabagnot 19, Fajardo 6, Ross 4, Ganuelas-Rosser 2, Espinas 2, Heruela 1, Tubid 0.Quarters: 25-24, 48-39, 68-70, 103-100.Sports Related Videospowered by AdSparcRead Next Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: 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 City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games Larry Fonacier. Photo by Tristan Tamayo/ INQUIRER.netLarry Fonacier drilled the two clutch 3-pointers in the last two minutes to help NLEX escape Grand Slam-seeking San Miguel Beer, 103-100, in the 2017 PBA Governors’ Cup Sunday at Smart Araneta Coliseum.The veteran marksman drained the go-ahead triple with 1:46 to play and followed it up with another three from the top of the key to put the Road Warriors up, 101-97, with 23.9 left.ADVERTISEMENT MOST READ NATO’s aging eye in the sky to get a last overhaul Lacson: SEA Games fund put in foundation like ‘Napoles case’ Robredo should’ve resigned as drug czar after lack of trust issue – Panelo Trump signs bills in support of Hong Kong protesters Biggest Pogo service provider padlocked for tax evasion Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Hotel says PH coach apologized for ‘kikiam for breakfast’ claim LATEST STORIES View comments
zoomImage Courtesy: DP World Dubai-based container port operator DP World handled 71.4 million TEUs across its global portfolio of container terminals in the full year of 2018, with gross container volumes growing by 1.9% year-on-year on a reported basis and 2.9% on a like-for-like basis.The company’s Asia Pacific & Indian Subcontinent terminals saw a container throughput of 32.9 million TEUs last year, a rise of 3.2% YOY on a like-for-like basis.In addition, terminals in Europe, the Middle East and Africa handled 29.5 million TEUs, and terminals in America and Australia recorded 9 million TEU, up by 3.1% and 0.9%, respectively.The UAE handled 15 million TEU in 2018, down 2.7% year-on-year.At a consolidated level, DP World’s terminals handled 36.8 million TEU in 2018, a 0.8% improvement in performance on a reported basis and up 1.4% year-on-year on a like-for-like basis.“We are pleased to see that our global portfolio has delivered growth on top of our strong prior year performance and despite the uncertainty with global trade,” Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, commented.“Our Europe and Americas portfolio saw strong growth with continued ramp-up in London Gateway (UK), Yarimca (Turkey) and Prince Rupert (Canada), while performance in Africa remains robust driven by Dakar (Senegal) and Sokhna (Egypt). In the UAE, the softer volumes were due to the loss of low-margin throughput, where we remain focused on high margin cargo and maintaining profitability.”“In 2018, we have made good progress in strengthening our product offering which will enable us to participate in a wider part of the supply chain and offer smarter long-term solutions to cargo owners. Looking ahead to 2019, we expect our portfolio to continue to deliver growth and our focus remains on delivering operational excellence, managing costs and disciplined investment to remain the trade partner of choice. Given the steady volume performance of our portfolio, we are well placed to meet full year 2018 market expectations,” he concluded.Related:DP World Buys Additional Stake in DP World AustraliaDP World Inks Acquisition Deal for Chilean Port Operator
Kolkata: Concerned over the dearth of rainfall in the districts of South Bengal, the state Agriculture department is working on alternative agricultural methods to ensure that the farmers can carry out cultivation without much difficulty.The preparation for sowing of Kharif crops kick off during June and by the middle of August, the process gets over. But the monsoon has been very feeble till date and as a result, the preparation of sowing could not be started yet. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari Puja”Chief Minister Mamata Banerjee is concerned about the abnormal weather conditions and has given us necessary directions to ensure that the farmers are not inconvenienced in pursuing agriculture. She had instructed the department to adopt alternative agriculture methods, so that crops can be sown even if there is scanty rainfall. We are pinning hopes that the rain gods will smile at least in the last few days of this month. If there is reasonable amount of rain even during this period, we will be able to start preparations for Kharif sowing and by August it can be done,” said Asish Banerjee, state Agriculture minister. Also Read – Bengal civic volunteer dies in road mishap on national highwayThe average deficiency of rainfall in the state till date is 27 percent, courtesy of heavy rainfall in most of the districts of North Bengal. But in South Bengal, the percentage is as high as 60. As per figures of the department, the deficiency in rainfall is 62 percent in East and West Burdwan, 58 percent in North 24-Parganas, 55 percent in Nadia and 50 percent in East Midnapore. In districts like Birbhum, Bankura, Murshidabad, Purulia, South 24-Parganas and Howrah, the scarcity of rainfall is over 40 percent. The low amount of rainfall has led to minimum storage of water in the dams, which is also an area of concern for the state government. The minister said that the department is working on procedures of river lift irrigation and usage of submersible pumps at a number of places to facilitate sowing of Kharif crops. “We have already introduced the Bangla Krishi Sech Yojana to extend support to farmers in setting up micro-irrigation facilities that will ensure cultivation using less amounts of water. The technological intervention ensures that cultivation of crops, mainly fruits and vegetables, can be done with minimum water. We are also planning to extend this scheme to the maximum extent,” an official in the state Agriculture department said. The department has started campaigning among the farmers to create awareness on conservation of water and at the same time, urging them not to extract groundwater in an indiscriminate manner. The move comes in the wake of Chief Minister Mamata Banejee laying special emphasis on the ‘Jal Dharo Jal Bharo’ project for conservation of water.
KIBBUTZ ZEELIM, Israel – Hawks, vultures and storks circle overhead as Christopher Sveen points at the heap of refuse rotting in the desert heat. “This is the mine of the future,” he beams.Sveen is chief sustainability officer at UBQ, an Israeli company that has patented a process to convert household trash, diverting waste from landfills into reusable bio-based plastic.After five years of development, the company is bringing its operations online, with hopes of revolutionizing waste management and being a driver to make landfills obsolete. It remains to be seen, however, if the technology really works and is commercially viable.UBQ operates a pilot plant and research facility on the edge of southern Israel’s Negev Desert, where it has developed its production line.“We take something that is not only not useful, but that creates a lot of damage to our planet, and we’re able to turn it into the things we use every day,” said Albert Douer, UBQ’s executive chairman. He said UBQ’s material can be used as a substitute for conventional petrochemical plastics and wood, reducing oil consumption and deforestation.UBQ has raised $30 million from private investors, including Douer, who is also chief executive of Ajover Darnel Group, an international plastics conglomerate.Leading experts and scientists serve on its advisory board, including Nobel Prize chemist Roger Kornberg, Hebrew University biochemist Oded Shoseyov, author and entrepreneur John Elkington and Connie Hedegaard, a former European Commissioner for Climate Action.The small plant can process one ton of municipal waste per hour, a relatively small amount that would not meet the needs of even a midsize city. But UBQ says that given the modularity, it can be quickly expanded.On a recent day, UBQ Chief Executive Tato Bigio stood alongside bales of sorted trash hauled in from a local landfill.He said recyclable items like glass, metals and minerals are extracted and sent for further recycling, while the remaining garbage — “banana peels, the chicken bones and the hamburger, the dirty plastics, the dirty cartons, the dirty papers” — is dried and milled into a powder.The steely grey powder then enters a reaction chamber, where it is broken down and reconstituted as a bio-based plastic-like composite material. UBQ says its closely-guarded patented process produces no greenhouse gas emissions or residual waste byproducts, and uses little energy and no water.According to the United Nations Environment Program, 5 per cent of global greenhouse gas emissions are produced by decomposing organic material in landfills. Roughly half is methane, which over two decades is 86 times as potent for global warming as carbon dioxide, according to the U.N. Intergovernmental Panel on Climate Change.For every ton of material produced, UBQ says it prevents between three and 30 tons of CO2 from being created by keeping waste out of landfills and decomposing.UBQ says its material can be used as an additive to conventional plastics. It says 10-15 per cent is enough to make a plastic carbon-neutral by offsetting the generation of methane and carbon dioxide in landfills. It can be moulded into bricks, beams, planters, cans, and construction materials. Unlike most plastics, UBQ says its material doesn’t degrade when it’s recycled.The company says converting waste into marketable products is profitable, and likely to succeed in the long run without government subsidies.“What we do is we try to position ourselves at the end of the value chain, or at the end of the waste management hierarchy,” Sveen said. “So rather than that waste going to a landfill or being incinerated, that’s kind of our waste feedstock.”The wonder plastic isn’t without its skeptics, however. Duane Priddy, chief executive of the Plastic Expert Group, said UBQ’s claims were “too good to be true” and likened it to alchemy.“Chemists have been trying to convert lead to gold for centuries, without success,” Priddy, a former principal scientist at Dow Chemical, said in an email to The Associated Press. “Likewise, chemists have been trying to convert garbage to plastic for several decades.”UBQ said it is confident its technology will prove the skeptics wrong. “We understand that’s people’s perceptions. We hope to convince them in a professional and scientific manner,” Sveen said.Even if its technology is ultimately successful, UBQ faces questions about its long-term viability. Building additional plants could be expensive and time-consuming. It also needs to prove there is a market for its plastic products. The company said it is negotiating deals with major customers, but declined to identify them or say when the contracts would go into effect.The U.N. Environment Program has made solid waste disposal a central issue to combatting pollution worldwide. Landfills contaminate air, water and soil, and take up limited land and resources. A December 2017 report by the international body devoted five of its 50 anti-pollution measures to reducing and processing solid waste.“Every year, an estimated 11.2 billion tons of solid waste are collected worldwide,” the organization says. “The solution, in the first place, is the minimization of waste. Where waste cannot be avoided, recovery of materials and energy from waste as well as remanufacturing and recycling waste into usable products should be the second option.”Israel lags behind other developed countries in waste disposal. The country of roughly 8 million people generated 5.3 million metric tons of garbage in 2016, according to the Environment Ministry. Over 80 per cent of that trash ended up in increasingly crowded landfills. A third of Israel’s landfill garbage is food scraps, which decompose and produce greenhouse gases like methane and carbon dioxide.To UBQ, that means a nearly limitless supply of raw material.“The fact is that the majority of waste goes to a landfill or is leaked into our natural environments because there simply aren’t holistic and economically viable technologies out there,” said Sveen.
Companies in this story: (TSX:ACB)The Canadian Press EDMONTON — Aurora Cannabis says it will supply medical cannabis to Mexico through a partnership with pharmaceutical manufacturer and distributor Farmacias Magistrales.Farmacias recently got the green light to import cannabis, which Aurora says is the first and only import license granted by federal Mexican authorities to date.Aurora’s chief executive Terry Booth says the exclusive partnership expands the cannabis grower’s early mover advantage in Latin America.The Edmonton-headquartered pot producer says Farmacias has a reach of roughly 80,000 retail points, and 500 pharmacies and hospitals across Mexico.It adds that Farmacias has also received licences from Mexico’s Federal Commission for Protection Against Health Risks to manufacture and distribute products with CBD and THC.Shares of Aurora rose as much as 10 per cent to hit $7.82 in intraday trading on the Toronto Stock Exchange.
CALGARY, A.B. – Shares in Canadian pipeline companies Enbridge Inc. and TransCanada Corp. failed to recover fully Friday from a steep sell-off on Thursday after the U.S. said it would eliminate a tax break for owners of certain interstate pipelines.Both Calgary-based companies hold such pipelines in the United States through master limited partnerships or MLPs.The decision by the U.S. Federal Energy Regulatory Commission to no longer allow MLPs to recover an income tax allowance from the cost of service tariffs came in response to a 2016 court ruling that found its long-standing tax policy could result in double recovery of costs. Enbridge shares fell by 4.2 percent to $41.06 on Thursday but recovered to close at $41.28 on Friday, up 22 cents, after it issued a statement that says it is not expecting a “material change” to its financial guidance over the next three years because of the FERC ruling.TransCanada shares dropped 2.1 per cent to $55.89 on Thursday. On Friday, they rebounded to reach an interday high of $56.45 but closed two cents lower.The company had no immediate comment.FirstEnergy Capital said in a report TransCanada will be less affected than Enbridge because its main exposure is through its interest in TC PipeLines.Enbridge has two MLPs, Enbridge Energy Partners, and Spectra Energy Partners.It said in its statement the former is expected to experience an $80-million decrease in annual distributable cash flow because of the FERC decision, but that will be somewhat offset by a revenue increase on the Canadian Mainline system held by Enbridge IncomeFund Holdings Inc. About 60 percent of Spectra’s gas pipeline revenue comes from negotiated or market-based tariffs and are not directly affected by the FERC policy revisions but the remainder is from a cost of service-based tariffs which “could be subject to tax recovery disallowance,” it said. Spectra pipelines that move oil and other petroleum liquids are not expected to be affected.CIBC estimated the FERC ruling would knock about $3 per share from of its valuation of Enbridge and $1 per share for TransCanada.“We cannot help but wonder about the long-term viability of MLPs,” it said in a report.“Our expectations are that many of the MLPs held by corporations will need to consider converting to corporations if no consideration is given to the fact that they are held by taxable U.S. entities.” The report says the implications of the FERC decision are difficult to quantify given the strategies companies may employ to deal with it and the mix of existing rate structures and rate settlement terms, but the impact should decline over time as newer pipelines tend to employ negotiated rates, not cost of service tariffs.(THE CANADIAN PRESS)