Rape, domestic battery reported to University

first_imgA rape was reported to a University administrator Tuesday, according to Wednesday’s Notre Dame Security Police (NDSP) crime log. The alleged rape occurred August 5 in an “on-campus residence,” according to the entry.A case of alleged domestic battery was also included in Wednesday’s crime log, which was reported to NDSP on July 29.As of Wednesday afternoon, students had not received an email crime alert from NDSP.Tags: Clery Act, domestic battery, NDSP, NDSP crime log, rape, sexual assaultlast_img

Dollar heads for weekly gain as pandemic recovery stalls

first_imgThe kiwi fell by 1 percent on Thursday to $0.6577 and both Antipodeans sat just above their troughs on Friday. The Norwegian krone is nursing a 2.4 percent loss this week.The euro fell 0.3 percent against the dollar overnight and has lost about 1 percent for the week so far as worries gather. The US dollar has gained 0.8 percent against a basket of currencies so far this week, its largest weekly rise since late September.Dollar demand pushed even the safe-haven yen lower on Thursday, though the Japanese currency is up 0.2 percent for the week. The yen was last steady at 105.38 per dollar.The lockdown worries driving the selloff come as hopes for US stimulus before the Nov. 3 election fade and as data shows cracks emerging in the recovery.Weekly US jobless claims rose by more than expected and hit a two-month high last week, increasing concerns the pandemic is causing lasting damage to the labor market. Some 25 million Americans are on jobless benefits.“The data is consistent with the idea that the spread of COVID-19 and removal of fiscal stimulus have seen a stalling of the economic recovery,” said NAB FX strategist Rodrigo Catril.Stimulus plans, meanwhile, are bogged down in a three-way negotiation between the White House, Senate Republicans and House Democrats.President Donald Trump said on Thursday that he was willing to raise his offer of $1.8 trillion for a COVID-19 relief deal, but the idea was nixed by Republican Senate Majority Leader Mitch McConnell.Sterling was also heavily sold overnight, dropping more than 0.8 percent to $1.2891 on concerns about the obstacles keeping the European Union and Britain from reaching a Brexit trade deal. Sterling was last at $1.2902.The European Union has put the onus on Britain to compromise on their new economic partnership or stand ready for trade disruptions in less than 80 days.British Prime Minister Boris Johnson will respond and set out his approach to the talks on Friday.Topics : The dollar was headed for its best week of the month on Friday, as surging coronavirus cases and stalled progress toward United States stimulus had nervous investors seeking safe assets.As fresh curbs to combat COVID-19 were introduced in Europe and Britain, the world’s reserve currency surged to a two-week high of 93.910 against a basket of currencies. It held just below that peak in Asian morning trade.London enters a tighter COVID-19 lockdown from midnight, which with a curfew in Paris leaves two of Europe’s largest cities living under state-imposed restrictions. The US Midwest is also battling record surges in new cases as temperatures get colder, prompting authorities to set up a field hospital in the suburbs of Milwaukee, Wisconsin, in case of an overflow of patients from hospital wards.“Markets fear a slowdown in activity as new virus cases rise,” ANZ bank analysts Susan Kilsby and David Croy said in a note.“The deterioration is evident everywhere across Europe, which is a major blow to the recovery’s momentum and reinforces deflationary risks.”Risk sensitive currencies were hit hardest, with the Australian dollar dropping almost 1 percent on Thursday to a more than two week low of US$0.7057. It has lost 2 percent for the week, weighed also by a dovish central bank speech.last_img read more

Reputational risk drives ESG at pension funds more than at other investors

first_imgSource: Fossil Free Greater ManchesterFossil Free UK campaigners outside the office of Greater Manchester Pension Fund, a UK public pension fund, in July 2019This is arguably no surprise given developments such as the European Commission’s sustainable finance action plan in Europe, while the US, according to the Principles for Responsible Investment (PRI), is an exception to the growth in sustainable finance policy measures since 2000.Across all regions, outperformance emerged as a less significant ESG adoption driver than risk mitigation.Almost half of the surveyed investors (48%) felt their ESG/responsible investing strategy had a positive impact on the “ESG behaviour” of their investee companies or reduced ESG risks to their portfolio (47%).For respondents who noted fiduciary duty as their primary consideration, the next and highest ranked drivers – both at 40% – were requirements for ethical and social responsibility on behalf of their clients and a desire to mitigate ESG-related risks.Hurdles: data, resource constraintsThe survey, which was of senior executives directly involved in or influencing asset allocation decisions, also sought to delve into factors holding back ESG adoption.The chief deterrent selected by respondents across all investor types was unreliability and inconsistency of ESG data, although internal resource constraints/cost implications were a close second (44% and 43%, respectively).Pension funds were most concerned with a lack of reliable or consistent ESG research/data, according to the survey, while sovereign wealth funds and endowments and foundations cited internal resource constraints and cost implications as the top factor hindering increased uptake of ESG.A lack of expertise to integrate ESG factors appears to be problematic for pension funds in particular, with 45% citing this as a top three barrier compared with 21% of endowments and foundations, and 38% of sovereign wealth funds.SSGA surveyed senior executives with asset allocation responsibilities at more than 300 institutions, comprising private and public pension funds (78%), endowments (6%), foundations (11%) and sovereign wealth funds (5%).A spokesman for SSGA said that where the firm referred to ESG or responsible investing in the survey, it was describing “a deliberate investment approach that aims to incorporate environmental, social and governance (ESG) factors into investment decisions”. By a policy on ESG or responsible investment the company meant a formal code or set of guidelines adopted by a respondent’s institution that sets out its approach to responsible investing, including the objectives and scope of its responsible investment strategy.The SSGA survey report can be found here. Across all types of institutions, in Europe, regulatory shifts were the clear top “push factor” (52%), said SSGA, followed by a desire to mitigate ESG and reputational risks (45% and 39%, respectively). In North America, regulation was the third most significant driver. Avoiding reputational risk drives pension funds to adopt environmental, social and corporate governance (ESG) “principles” more so than it does other types of institutional investors, a survey suggests.More than one-third (35%) of pension fund respondents to the survey – carried out by State Street Global Advisors (SSGA) earlier this year – included reputational risk as a top three factor driving ESG investing at their institution, compared with 21% of endowment and foundation respondents, and 6% of sovereign wealth funds.“Reputational risk is of greater concern for pension funds, particularly public pension funds, because any public criticism of their portfolio allocation decisions often leads to additional scrutiny by their beneficiaries,” Rakhi Kumar, head of ESG investment strategy at SSGA, told IPE. “This could result in increased regulation or interference in the investment decision making process.”Meeting or anticipating regulation was the most significant driver of pension funds’ adoption of ESG principles, however, the survey showed, followed by mitigating ESG risks, and fiduciary duty.last_img read more

Aquis Entertainment and Executive Sports and Entertainment established esports venture QeSports

first_imgAquis Entertainment and Executive Sports and Entertainment have together established QeSports. This esports venture company will include a player and talent management agency along with event and tournament creation and management across Australia and New Zealand.Credit: QeSportsESE runs traditional sports and entertainment events like the NRL, AFL and Cricket in Australia and is a part-owner of League of Legends Oceanic Pro League team Bombers, while Aquis owns Casino Canberra in the capital city. ESE’s Co-founder, Rohan Sawyer will become QeSports’ CEO. Sawyer expressed that this partnership will allow QeSports to develop new assets as a first for Australia: “Australia is becoming a focus of major publishers and brands for investment and we’re aiming to be the market leader across all segments of the esports ecosystem.”Jessica Mellor, CEO of Aquis Entertainment added: “Aquis Entertainment’s vision is to provide Australia with next-generation entertainment and our move into the esports market is very much in line with our strategy. Australians are well known for their passion for traditional sports and we’re starting to see this translate to esports as the sector matures.”According to Nielsen Esports Playbook research, the Australian esports audience has more than doubled to 3.2 million in the past five years. Additions like the Gfinity Esports Elite Series expansion to Australia has assisted in that growth.“Two-thirds of Australian esports fans are aged 18-34 and that’s a market segment we know very well,” said Mellor. “This, coupled with our experience in entertainment venue operations, puts us in a strong position to meet a wide range of expanding needs in the esports space.”Esports Insider says: Many consider Australia/New Zealand a ‘minor’ region in just about any esport. Although, this doesn’t mean the country doesn’t have a passionate community around it. The combination of these two powerhouse entertainment companies will certainly be explosive and a welcome addition to ANZ. Don’t sleep on the Australian region as more and more support swarms around it.last_img read more