North Wales

first_imgThe big issue facing the north Wales property market is the effect of regional shopping on established shopping patterns.The continued success of the Cheshire Oaks factory-shopping mall, Ellesmere Port and the recently opened Trafford Centre poses the greatest threat to retail vibrancy on the north Wales coast.In addition, Broughton Shopping Parc, to the west of Chester, just over the Welsh border, opens in July. It provides nearly 27,870 sq m (300,000 sq ft) of retail accommodation and will undoubtedly draw in business from Chester.All these centres offer a mix of shopping, including a high proportion of fashion. Their impact will be felt both on the high street and within established retail parks across north Wales.Nationally, the out-of-town market has been buoyant over the past decade, with the rental warehouse index rising by 71% between 1992 and 1997.However, the scale of this growth is far from uniform. Locations such as Wrexham have seen an increase in the region of only 35% over the same period, while Broughton has risen by 67% within 18 months. In contrast, Flintshire retail park rents have grown by 8% in the past three years.More westerly towns have suffered less. Bangor, for example, has seen a rise of around 50% in the five years to March 1997 and rents now reach about £97/sq m (£9/sq ft).Wrexham faces the stiffest challenge and has the most to lose from its proximity to Chester and particularly Broughton Shopping Parc.Llandudno, though, will retain its position as the most affluent town on the north Wales coast. This is demonstrated by Marks & Spencer’s £8m extension to the main trading store in the town, combined with its intention to continue trading from its other store on Mostyn Street.Retailing activity on the western side of the north Wales coast is focused on Bangor. The town is starting to feel the benefits of additional spend from the extended catchment area provided by improvements to the Caernarfon link road and the A5 across Anglesey.Bangor’s greatest limiting factor is the topography, which restricts the development of good-quality retail floorspace on the high street. While the Deiniol Centre has been refurbished recently, proposals to substantially improve the Wellfield Centre will be the most significant step in providing large floor plates to satisfy demand.OfficesThe office market across north Wales revolves around out-of-town business parks, which have achieved almost full occupancy rates and have additional proposals in the pipeline.This is in contrast with town and city-centre space, where take-up is very low, particularly from larger users. This is perhaps a reflection of the lack of accessibility and limited car parking. Accordingly, the A55 is a lifeline for business and office space development across north Wales.The supply of office space in out-of-town parks now exceeds 92,902 sq m (1m sq ft), principally at Chester Business Park and Park West Business Park in Chester, and St Davids Park in Ewlow.To a lesser extent, business parks at Wrexham, St Asaph, Menai, Bangor and Flint have played an important role and have drawn larger users out of town centres.Rentals, however, differ greatly. The dominant parks are achieving up to £172/sq m (£16/sq ft) and smaller parks such as St Asaph and Acorn Business Park in Flint are achieving about £75-85/sq m (£7/8/sq ft).Demand for in-town space is concentrated on smaller suites, typically 100-200 sq m (1,000-2,000 sq ft), primarily from small local businesses and professionals.A breakdown of space let in Chester city centre over the past three years shows a 65% take-up from local businesses and only 15% from national companies.In comparison, the out-of-town business parks are characterised by demand from national and international businesses. In the last three years, 78% of space has been taken by such companies. An example is MBNA, with 28,000 sq m (300,000 sq ft) at Chester Business Park.In Chester alone, prime rents achieved on business parks are 60% ahead of those achieved within the Town Centre and this is a trend continued across the north Wales market.Industrial Industrial development is more focused on two massive industrial sites at Deeside and Wrexham, which individually serve the east/west and north/south corridors, respectively.There are some piecemeal developments along the line of the A55, concentrated mostly around Llandudno Junction/Colwyn Bay, but the main focus for the regional and major occupier market is primarily Deeside Industrial Park.Over the past three years, Deeside Industrial Park has seen take-up exceeding 27,000 sq m (300,000 sq ft). With substantial land availability, demand has been met by supply, and rental levels have remained static at around £43/sq m (£4/sq ft).Rents are beginning to harden. The opening of the third Dee crossing and improvements to the Queensferry bypass will deliver continued development and rental growth.Wrexham provides about 405ha (1,000 acres) of industrial park, primarily servicing the north/south corridor. This is another Welsh Development Agency success story – it has 150 occupiers. Steady take-up is predicted, with rental levels comparable with Deeside Industrial Park.last_img read more

Ingall toasts new life at Allied London

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China’s young jobseekers struggle despite economic recovery

first_img“I’ve studied for so many years and don’t want my family to pay for further training,” she said.”I’m especially worried about my finances.”Aware of the risk that mass unemployment can spark political unrest – jeopardizing the party’s pledge of prosperity in return for unquestioned political power – the government has been making efforts to boost graduate employment via state-owned enterprises (SOEs).But poorer opportunities this year are pushing some into further studies, less ideal jobs or other options.‘Extremely anxious’Although China’s economy appeared to make a strong comeback in the second quarter – growing 3.2 percent on-year – analysts caution the rebound may be overestimated, with a gap re-emerging between national figures and higher-frequency data.Read also: How the COVID-19 pandemic will leave more young people unemployed in IndonesiaLouis Kuijs of Oxford Economics told AFP there is no doubt China is recovering, but the magnitude would determine if growth is “strong enough to re-absorb some of the labor market problems” that emerged earlier this year, such as layoffs.A gap in growth of a few percentage points could lead to a difference of millions of jobs created, he added.Although China’s urban unemployment rate slipped to 5.7 percent in June, 19.3 percent of new graduates remained jobless, UOB economists said in a report, adding the labor market “continued to face challenges”.Top-level economic data has not necessarily meant better hiring on the ground.A 27-year-old surnamed Kang, who graduated in 2017, is back in the market after his contract in the communications industry in Beijing ended.He decided to return to Zhengzhou, but has only received around five callbacks after sending more than 30 resumes to firms – and is still looking for a job.”The virus outbreak has limited travel and a lot of job fairs have been postponed or cancelled,” he said. “I’m extremely anxious.”Lu Yifan, 25, said the pandemic had caused many overseas Chinese students like him to return home sooner than planned – adding to the flood of jobseekers.And Guangdong graduate Zhao Jingying, 22, told AFP: “For us (this year), getting a single job offer is a feat.”Read also: Govt expects unemployment to worsen, continue into next yearAnother, Beijing-based Huo Ruixi, 23, left university in July but is planning a second round of further education after an unsuccessful five-month job search.‘Pressures are larger’The crisis is also causing problems for employers.Yang Changwei, manager at Deyou Real Estate, told AFP at the Zhengzhou fair it was getting harder to hire sales staff based on commission.”It feels like jobseekers’ mindsets have shifted,” he said.”In sales, you may or may not make deals but with other jobs there can be more stability in income. Because of the epidemic, financial pressures are larger as well.”Officials are ramping up efforts to boost graduate employment, and Premier Li Keqiang announced over nine million new roles will be created this year.A State Council guideline in March said smaller firms that recruit graduates with contracts longer than a year will be given a subsidy, while SOEs will “continuously expand” the scale of graduate-hiring this year and next.Henan authorities, for one, said at least half the recruitment positions at SOEs within the province should be reserved for this year’s graduates, while Nanjing city in Jiangsu province set aside one billion yuan (US$143 million) to provide 100,000 internships for struggling graduates, Xinhua news agency reported.Topics : Biology student Ma Jingjing wandered the hall of a job fair in central China among other young Chinese hoping to find work in an economy crushed by the coronavirus pandemic.Ma, 26, is one of almost nine million people graduating and entering the job market this year at a time of great uncertainty, an issue that has the ruling Communist Party worried to the point that President Xi Jinping has made it a priority.The world’s second-largest economy may have rebounded sharply from a historic virus-induced contraction, but its young graduate jobless rate in June was more than three times that for urban unemployment. Ma was among hundreds of young faces streaming in and out of the job fair on a recent weekend in Zhengzhou, where employers in industries ranging from real estate to manufacturing were recruiting.Read also: Pandemic leaves first-time jobseekers in limboLike many others, the aspiring teacher is “at a loss” and wondering if she should settle for any job or hold off work for further education.”I have applied to seven or eight private schools, but only one has called me back for an interview,” she told AFP at the fair.last_img read more

Brazilian state agrees to produce Russian COVID-19 vaccine

first_imgAt a press conference, Tecpar Director Jorge Callado said they were still waiting for Russia to send in its phase 1 and 2 vaccine test results, and that their understanding is they are still conducting phase 3 trials.He added that Parana would likely participate in the phase 3 testing, subject to Anvisa authorization.Russian ambassador Sergey Akopov, speaking from Brasilia at the videoconference signing of the MOU, said the purpose of the partnership with Paraná state was “to assist each other in developing, testing and eventually producing the vaccine.”The Russian embassy has also had discussions with the state of Bahia about a similar memorandum of understanding.The grandmother of Brazil’s first lady Michelle Bolsonaro died of coronavirus, the government of Brasilia said. President Jair Bolsonaro tested positive for coronavirus last month but has recovered.Sao Paulo state Governor Joao Doria and his wife also announced Wednesday that they had tested positive for coronavirus.Brazil has the world’s worse coronavirus outbreak after the United States, with over 3,164,785 confirmed cases and 104,201 deaths as of Wednesday. A Brazilian technology institute said on Wednesday it expects to produce a controversial coronavirus Russian vaccine by the second half of 2021, shortly after the state of Parana signed a memorandum of understanding with Moscow.Russia has touted it as the world’s first registered coronavirus vaccine, although experts have also raised safety concerns for going to market while other pharmaceutical companies are still carrying out mass testing.Paraná’s Technology Institute, known as Tecpar, said it may import the vaccine earlier than the production date, if Brazil’s federal health regulator Anvisa allows. Tecpar signed the cooperation agreement with the Russian Direct Investment Fund (RDIF), which said in a statement from Moscow that its goal was to “organize the production of the Sputnik V vaccine and its distribution in Brazil and other Latin American countries.”Brazilian public health experts and former senior regulatory officials said on Tuesday they had safety concerns about the vaccine, which has not passed the usual mass testing required of vaccinations.Brazil is conducting trials for several candidate coronavirus vaccines and the health ministry said on Wednesday it might buy more than the 100 million doses already planned for from AstraZeneca.The announcement comes after Brazil regulators allowed for testing a booster dose of the vaccine, which if successful would require twice the number of doses to help the same number of people.center_img Topics :last_img read more

Insurance Department Alerts Consumers to Unlawful Practice of “Price Optimization” by Insurance Companies

first_img September 10, 2015 Insurance Department Alerts Consumers to Unlawful Practice of “Price Optimization” by Insurance Companies Government That Works, Press Release Harrisburg, PA – Governor Tom Wolf joined Insurance Commissioner Teresa Miller today in alerting consumers that the Insurance Department will continue to oppose a practice known in the industry as “price optimization”, in which sophisticated pricing tools are used to charge different premiums to policyholders who present essentially the same risk to the insurer, with the price differences based on whether or not a particular policyholder is likely to shop around for less expensive coverage.“My administration is working with Commissioner Miller to ensure that Pennsylvania consumers are protected from unlawful schemes like price optimization,” Governor Wolf said. “We will continue to promote these vital consumer protections laws across the Commonwealth.”So-called “price optimization” occurs when an insurer uses software and rating models to set insurance rates based in some way on how much a consumer or group of consumers may be willing to pay before they would shop around for a better price.“As part of Governor Wolf’s emphasis on consumer protection, I have notified insurers that I will not approve any such rates that violate state laws requiring all persons of the same class and the same hazard or risk to be charged the same premiums,” Commissioner Miller said. “In short, this practice takes advantage of a customer’s loyalty to a company.”State law dictates that the practice of charging different premiums to people who are statistically more likely to cost the insurer the same amount in claims and expenses is unfairly discriminatory. Commissioner Miller said that while the Insurance Department has not approved these premiums in the past, as part of Governor Wolf’s emphasis on transparency and consumer safety, her department is working hard to spread awareness about this prohibition statewide.Commissioner Miller recommends that customers, especially in the areas of homeowners and auto insurance, discuss premium increases with their agents. If the agent is not able to provide a satisfactory reason for any premium increase, consumers should shop around to see whether comparable coverage is available from another company at a better price. She noted that Pennsylvania has a competitive insurance market, with many options available to consumers. Any consumer who has questions about any aspect of insurance can contact the Insurance Department at www.insurance.pa.gov, or by calling 1-877-881-6388.# # #center_img SHARE Email Facebook Twitterlast_img read more

Exploring the Great Pyramids of Giza

first_imgGiza pyramids lit up in soidarity with France victims From our special series on African heritage in Egypt. By far one of the most iconic ancient sites in the world are the Great Pyramids of Giza. The last of the Classic Seven Wonders of the World, they remain the ancient heart of a magnificent dynasty. CCTV’s Yasser Hakim reports Egypt launches mass clean-up of Great Pyramids of Giza Related 2 Tourism Policemen Killed near Egypt’s Giza pyramidslast_img

Dare Mourns late Powerlifter

first_img Promoted Content6 Of The Best 90s Shows That Need To Come Back ASAP9 Facts You Should Know Before Getting A TattooThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreFrom Enemies To Friends: 10 TV Characters Who Became Close6 Ridiculous Health Myths That Are Actually True14 Hilarious Comics Made By Women You Need To Follow Right Now11 Strange Facts About Your Favorite TV Shows8 Ways Drones Will Automate Our Future7 Netflix Shows Cancelled Because They Don’t Get The RatingsBeautiful Mutations: 15 Staggering Photos Of Heterochromia10 Risky Jobs Some Women Do7 Ways To Understand Your Girlfriend Better Loading… While expressing deep condolences and sympathy to the family of the iconic powerlifter, Dare extolled the performances of the deceased which raised Nigeria’s profile on the international scene. “It is with deep shock and sadness that I received the news of the death of Nwosu. Our thoughts and prayers are with her family,friends, and colleagues. It is indeed a great loss to Nigerian sports. We pray that God will console her family”.Advertisement The minister stated that she will be forever remembered as a patriot who committed herself to advance Nigeria in para powerlifting globally. Read Also:Nigerian Para powerlifters mourn Ndidi Nwosu He prayed that God will grant Nwosu eternal rest and her family and friends the fortitude to bear the irreparable loss. FacebookTwitterWhatsAppEmail分享 Minister of Youth and Sports Development, Mr. Sunday Dare, has expressed deep shock and sadness over the death of Nigeria’s Powerlifter, Ndidi Nwosu who passed on recently. Nwosu represented Nigeria at various international competitions, the high point was her Gold medal-winning feat at the 2018 Commonwealth Games in Australia.last_img read more

School Ends

first_imgMost of the area schools either had their last day yesterday or will have it today. Congratulations to all the seniors and their many accomplishments during their 4 years in high school. The accomplishments are way too numerous to list here, but you can bet that we are turning out another group of young people that will be heard from in many ways in future years.Most of the area sports are now in the state series, and we wish the best of luck to all the athletes who are still participating. Like in years passed, I am impressed (and hope you are, too) at the large number of Academic All-State athletes our area has produced. Congratulations to all graduates!!last_img read more

Mystery WAG of EPL player in police net over stun gun

first_img Promoted Content6 Interesting Ways To Make Money With A Drone2020 Tattoo Trends: Here’s What You’ll See This Year15 Extremely Surprising Facts About Disney Princesses10 Risky Jobs Some Women Do10 Amazing Characters We Wish Were Official Disney Princesses20 Celebs With Bizarre Hidden Talents And Skills9 Most Epic Movie Robots We’ve Ever SeenWhich Country Is The Most Romantic In The World?Who Is The Most Powerful Woman On Earth?Who’s The Best Car Manufacturer Of All Time?A Soviet Shot Put Thrower’s Record Hasn’t Been Beaten To This Day8 Things About Ancient Egypt That We Don’t Yet Know “It seems she very naively thought it would be OK to bring the stun gun into the UK to give her protection. She clearly had no idea possession of weapons like this is taken very seriously.” It’s unclear what further action will be taken, while the identity of the Premier League player has not been disclosed, and so it remains to be seen what comes of the incident. Few days back Tottenham midfielder Dele Alli was attacked by robbers who assaulted him and those with him in his home in London. Since the incident a number of premier league players have moved to fortify their homes. Read AlsoDele Alli robbed by masked knife-wielding raiders in his £2m home A good number of them have resulted to buying well trained no nonsense dogs to keep away intruders. The move by the mystery WAG may not be unconnected with the need to join the bandwagon in the fight against insecurity and men of the underworld FacebookTwitterWhatsAppEmail分享 A mystery WAG of a Premier League and England ace has reportedly been caught with a stun gun and a cosh while travelling via private jet. According to the Sun, the weapons were found when she had her bags checked at Biggin Hill Airport in London by Border Force officers. It’s noted that her defence was that she was carrying the weapons for protection after recent break-ins at footballers’ houses, although she could now find herself in hot water. Action between English premier league sides Spurs versus Liverpool before lockdown due to covid-19 The report adds that both weapons are illegal and carry a fine and possible jail term for possession. “The Wag flew into Biggin Hill’s private jet terminal after a weekend away,” a source is quoted as saying. “When asked to open her bag, officers found illegal weapons. She immediately burst into tears.Advertisementcenter_img Loading… last_img read more

Cricket News We quite like being treated as ‘Underdogs’, says Bangladesh head coach Steve Rhodes

first_imgUnfortunately for Bangladesh, the side has already lost two pillars – Shakib Al Hasan and Taskin Ahmed due to their respective injuries. “It’s been a hard grind but a great competition as well (with) lots of positives in terms of experiencing tough cricket.”“But it’s taken its toll and the preparation is not ideal. I only hope that on the day we show that we can play some cricket,” he said. Prior to this series, New Zealand lost to India 4-1 in the five-match ODI series, and Steve Rhodes believes that the bruises would still be there.”I think they’ll use those bruises to bounce back and we’ve got to be ready for a tough New Zealand turning up,” he said.Bangladesh is surely a better side to one toured the last time, winning their last series against Windies on its home soil, the momentum is still with the Tigers. Ahead of their first game, Rhodes believes the team has the ability to clinch the series and it’s better to not write them off. “It’s a really big task but it doesn’t mean we can’t win,” he concluded. Bangladesh will play three ODIs and as many Tests against New Zealand. The first ODI will be played at McLean Park, Napier on Wednesday. Bangladesh has never won a series in New Zealand. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: After upstaging India in the T20 International series, New Zealand team is all set to take on the Bangla Tigers for a three-match ODI Internationals followed by as many Tests. The first encounter will be played at McLean Park, Napier on WednesdayWith less than 24 hours for the first game to begin, Bangladesh’s head coach Steve Rhodes said his charges were relishing being ‘underdogs’ as they chase maiden victory on New Zealand’s soil.The men-in-green have toured the country four times prior to this but haven’t been able to clinch a series victory yet. Steve Rhodes believes that upstaging Kiwis on their home soil will be a tough task and his side is pretty aware of that. However, he believes that his side has a lot of match-winners and it will be difficult for New Zealand to beat them. “We know it will be very difficult, we’ve got to be realistic. But we quite like being underdogs. We can surprise a few people being an underdog and I think New Zealand know they’ve still got to play some very good cricket to beat us.” highlightslast_img read more