Tuesday, May 15, 2007

The online payment service PayPal has received a banking licence in Luxembourg, promoting it to the status of a bank. As a consequence PayPal will move their headquarters to Luxembourg.

Since 2004 PayPal had the status of an Electronic Money Issuer supervised by the U.K. Financial Services Authority. Having an official bank status opens new prospects for the company: “This will allow us to actively scout retailers in different European countries. With our British licence, we could only do that in the U.K. itself, and in other countries we could only react to requests of the retailers themselves,” Christopher Coonen, General Manager of PayPal Southern Europe and Benelux, explained.

The change will not affect existing customers dramatically, says Coonen: “We are going to inform them of the new status, and they will have to accept our terms of service again.” He also said that for now, there were no plans to use the new licence to offer traditional banking services, but the possibility was being evaluated by PayPal. Working with local partners would be an option to accomplish this, according to Coonen.

The British newspaper The Daily Telegraph speculates that the move is part of a strategy to compete with Google’s payment service Google Checkout, which launched in the U.K. last month.

PayPal has 130 million users worldwide, and 35 million customers in Europe. Payments via its mother company eBay continue to make up 60% of PayPal’s revenues. More than half of Britain’s internet users have a PayPal account.

Thursday, November 2, 2006

 Correction — November 9, 2006 The article incorrectly reports that the “opposition parties opposed” the HC notice on exempting Lal Deora areas from building bylaws. The article should read, BJP Municipal corporators opposed some provisions of resolutions passed by the MCD on March 13 urging postponement of demolition and sealing of buildings. The error is regretted. 

The Group of Ministers which is overseeing the issue has decided not to resume the sealing of unauthorised commercial establishments until Monday. The decision came after seeing the current tense situation in New Delhi.

The Group of Ministers is headed by Home minister Shivraj Patil and comprised of Law minister H R Bhardwaj, Delhi CM Sheila Dikhit, Union Urban Development minister S Jaipal Reddy and his deputy Ajay Makan.

S Jaipal Reddy told reporters that it is very difficult to conduct the sealing drive in the city under these circumstances. He made the statement after a meeting of Group of Ministers.

The Supreme Court had already sent the notice to Municipal Corporation of Delhi to resume the sealing drive from Thursday. They will approach the apex court on Friday and will apprise the court about the difficulties in carrying out the sealing drive in these circumstances where the traders are going on strike and creating situation of tension in the capital.

Supreme Court’s Monitoring committee called on the MCD to resume the sealing of unauthorised shops in the city on Friday.


  • 1 History of sealing drive in New Delhi
    • 1.1 MCD movement to demolish commercial establishments in residential areas
    • 1.2 Traders’ movement against the demolition activities
    • 1.3 Notifications from the authorities
    • 1.4 MCD’s drive of sealing commercial establishments
    • 1.5 Delhi Laws (Special Provisions) Bill, 2006
  • 2 Related news
  • 3 Sources
  • 4 References

Wednesday, December 14, 2005

These are short blurbs about current events in the business world.


  • 1 A World Bank lead economist speaks on Bird Flu
    • 1.1 Sources
  • 2 Gold prices drop
    • 2.1 Sources

Saturday, April 17, 2010

Journalist, counselor, painter, and US 2012 Presidential candidate Joe Schriner of Cleveland, Ohio took some time to discuss his campaign with Wikinews in an interview.

Schriner previously ran for president in 2000, 2004, and 2008, but failed to gain much traction in the races. He announced his candidacy for the 2012 race immediately following the 2008 election. Schriner refers to himself as the “Average Joe” candidate, and advocates a pro-life and pro-environmentalist platform. He has been the subject of numerous newspaper articles, and has published public policy papers exploring solutions to American issues.

Wikinews reporter William Saturn? talks with Schriner and discusses his campaign.

Tuesday, October 9, 2007

Gordon Kubanek is running for the Green Party of Ontario in the Ontario provincial election, in the Nepean-Carleton riding. Wikinews’ Nick Moreau interviewed him regarding his values, his experience, and his campaign.

Stay tuned for further interviews; every candidate from every party is eligible, and will be contacted. Expect interviews from Liberals, Progressive Conservatives, New Democratic Party members, Ontario Greens, as well as members from the Family Coalition, Freedom, Communist, Libertarian, and Confederation of Regions parties, as well as independents.

Tips To Writing Your Strategic Planning Document



The plan of a business has just come into your mind and you are all set to implement your business plan. Well, this is a very good thing but whether the business is big or small there needs to be a business plan i.e. a business strategy in place, so that one can visualize the pros and cons in the business that one is undertaking. Most importantly, envisioning the course the business would take 5-6 years from now is very critical. It is a general trend that when you are first timers at starting a business most of the times the concept and thought is very much in place, but it is not put down on paper. It s very important that you put down everything on paper as you can quickly check and infer the points that you are missing out. Through this document you will be easily able to gauge the kind of money you will earn through your business venture. Not only this, your business strategy will be your prelude to the planning of your human resources, the investment on the logistics, investment on future expansions, basically everything will be chalked out and notified in your business strategy. Your this business strategy are the stepping stones for your strategic planning document of your business.

This strategic planning document or in other words the strategic plan is different from the Action plan of your business. They are entirely different documents and the motives of both these documents are completely serving diverse functions. The strategic planning document contains the important points which will make your business a success. Nowhere has it highlighted the plan of action to be undertaken to achieve success in your business.

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For a new business a strategic planning document is very essential as it portrays a very professional work culture to the company and its employees. Also, every time a new client is approached it gives a very proficient and efficient outlook. Making a strategic planning document can be very demanding as you have to write down what your company stands for. Your values, beliefs and work culture everything needs to jotted down. To begin, start by writing your company s mission statement. This would be a short declaration of what your company should be remembered for. This should encompass the services which your company offers, the kind of customers that would come to you and most importantly your company s USP which sets it apart from the others in the market. It can be in one sentence or a combination of 2-3 sentences.

Next in your strategic planning document would be your company s Vision statement, as to where do you see the company 5 years down the line. This would be your strengths, past work experiences, customer bases and past work experiences. This would be followed by your company s value statement as to the values on which your company stands, your company s ethos and customer relationship values. You must incorporate words like integrity, loyalty, expertise, creativity etc.

When you are formulating your business strategy, a very important factor which must never be ignored is carrying out a SWOT analysis of your new company. This is basically notifying your company s Strengths, Weaknesses, opportunities and Threats. Well, for a new business it is little difficult to carry out this analysis as with working experience you are able to gauge the problems and hitches that one comes across in the business. But then you can pre-empt a few problem areas so that you can be prepared for them upfront.

With time as you work and your business begins to grow, your

Strategic Planning

document will change. A few items will get deleted and a few will get added. You can review your document on a monthly or a quarterly basis depending on the new projects that get added in your company. Every business and every business scenario is different, yet the above mentioned points will be most likely common to all businesses especially when you are starting a new venture these points will be good start points. If you further need insights into best practices in strategy and executions visit our website at www.strategy-keys.com and enrich your knowledge base further.

Mukesh Sharma is a freelance author specializing in business planning articles for business development websites providing Strategic management, Strategic planning, Online business classes etc.

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Wednesday, February 13, 2008

NASA Tech Briefs INSIDER newsletter 02/05/08 reports that the winner of the $20,000 first prize in the agency’s “Create the Future” contest is an invention called “Litroenergy”, the luminous output of micro particle “Litrospheres.” Their self-luminance reportedly endures for over 12 years. The spheres are inexpensive, making them useful in many ways. The emitted light is said to be equivalent to a 40 watt bulb, sufficient for reading.

The invention is reported to safely encapsulate a small quantity of electron-emitting tritium with light emitting phosphors inside a robust microscopic sphere. Mixed into paints, plastic films or adhesive tape the spheres can be applied to surfaces for under a dollar per square foot. The maker suggests they will find first use in safety applications such as exit signage and aircraft corridor marking.



Friday, October 12, 2018

Soyuz MS-10, a manned Russian space mission bound for the International Space Station (ISS) for a six-month stay, was forced to abort by a booster rocket failure Thursday morning. Rescue teams successfully recovered both crew members, Russian cosmonaut Aleksey Ovchinin and United States astronaut Nick Hague, shortly after they landed safely in Kazakhstan.

About two minutes after launch from the Baikonur Cosmodrome in Kazakhstan, which took place at 8:40 UTC on Thursday, a problem arose with the rocket boosters attached to the Soyuz rocket, during the process of booster separation. As the abort rocket system had been jettisoned a few moments earlier per normal launch procedure, the crew used the Soyuz capsule’s steering rockets to direct the spacecraft into a ballistic descent trajectory. During the descent, Ovchinin and Hague reportedly were subjected to forces of six to seven times Earth’s gravity. Ovchinin and Hague were safely recovered along with the spacecraft’s descent module about 12 miles (19 km) east of Jezkazgan, Kazakhstan, and 250 miles (402 km) from the launch site, approximately an hour and a half after lift-off. Both were taken to a hospital in Baikonur, Kazakhstan, for overnight observation as a precaution.

The incident, which is only the third mishap involving a manned Soyuz rocket since 1975 and the first since 1983, neither of which resulted in a fatality, comes nearly a month and a half after ISS mission controllers detected an air leak aboard the Soyuz MS-09 capsule presently docked at the ISS. Astronauts later found the leak to be the result of a drilled hole in the capsule’s wall before repairing it. Shortly after Thursday’s abort, the Russian government announced the formation of a state commission to investigate the launch failure.

Director General of Roscosmos Dmitry Rogozin tweeted, “To clarify the cause of the accident at the Soyuz-FG LV, by my decision, a state commission was formed […] Telemetry is being studied. Rescue services work [sic] from the first second of the accident. The emergency rescue system of the Soyuz-MS ship worked normally. Crew rescued.”

Ovchinin and Hague were due to join the crew of Expedition 57 aboard the ISS in low Earth orbit, which would have brought the current ISS crew from three to five. The next manned Soyuz launch to the ISS, Soyuz MS-11, was originally slated for December, though it is now unclear when that mission will be launched, pending the Russian investigation.






Saturday, June 4, 2005

Overnight Friday a Southerly storm brought snow to both the Southern Alps and the central North Island mountains of New Zealand for the first time this year, closing major roads and stranding travellers at the start of the Queens Birthday holiday weekend. Police and the AA urged motorists to drive with extra care and to the conditions this weekend.

In the North Island, State Highway 1 between Waiouru and Rangipo, the Desert Road was closed by deep snow at 3 PM on Friday afternoon. Other roads in the area, including other parts of State Highway 1 between Bulls and Turangi, State Highway 4, via National Park, and 49, via Ohakune, were closed at 8 PM.

These road closures stopped all traffic through the centre of the North Island. About 200 travellers were reported to have spent the night at the Waiouru Army Camp, being accommodated in the Marae and the Barracks. Grit trucks and snow ploughs worked overnight to clear the snow and reopen roads, with the Desert Road finally being reopened about 12:30 PM Saturday.

Together with a slip threatening to close State Highway 3 in the Manawatu Gorge and damage to State Highway 2 after floods in the Bay of Plenty a couple of weeks ago, the only reliable alternative route for travellers around the North Island was via Wanganui and Taranaki.

In the South Island, Police and the AA advised that chains were essential when travelling over the mountain passes.

Yesterday, Mount Hutt skifield announced it would be opening Saturday morning. Early Saturday morning, skiers were reported to be queuing at the gates of Mount Hutt skifield, eager to get the first opportunity to hit the slopes in 2005. Other South Island ski fields were also indicating June opening dates.

The weather outlook is for cold southerly winds and rain over the Queens Birthday holiday weekend, with snow down to 400m in the South Island.

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