September Is Key Date for Brexit Progress, Finance Lobby Says

$37M in funding announced for 25 B.C. Interior infrastructure projects

A number of infrastructure projects in B.C.’s Southern Interior have been earmarked for provincial and federal funding.

Frank Sinatra Loathed Donald Trump, Daughter Nancy Sinatra Claims In Tweet

Donald Trump’s plans for a new landmark honoring “the greatest Americans who ever lived” is off to a rocky start.

Already under fire for its lack of diversity in the initial proposed selections, Trump received a new wallop from Nancy Sinatra, daughter of legendary actor and singer Frank Sinatra. In response to a tweet from her former stepmother, Mia Farrow, who was married to Frank Sinatra for a brief period, that Frank “would have loathed Donald Trump,” daughter Nancy replied, “He actually did loathe him.”

Nancy Sinatra has publicly criticized Trump in the past. But the reason for her comment on Twitter has to do with a Trump complaint that Frank Sinatra was making too much money for a discussed appearance at the opening of Trump’s Taj Mahal in Atlantic City in 1990. Sinatra would have appeared with fellow Rat Pack member Sammy Davis Jr and vocal duet Steve and Eydie.

The proposed Sinatra deal had been put together by an executive who subsequently died in a helicopter crash before it was finalized. When Trump took over, he tried to remove the additional acts that were part of the original deal – including Davis, who had just been diagnosed with cancer, and Steve and Eydie. Trump claimed the costs were too high.

Upon learning of the revamped deal, Sinatra was enraged, and ended up performing at the Sands Hotel and Casino in Las Vegas instead.

 

Looting of luxury NYC retailer caught on camera

NYC looters are hurting small businesses: Bill McGurn

The Wall Street Journal editorial board member and Fox News contributor Bill McGurn discusses how difficult it is for New York City small businesses to defend themselves from violent looters.

The New York Police Department has released surveillance footage of looters taking $1.5 million worth of merchandise from luxury fashion boutique Celine, according to the New York Post.

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Video captured from the high-end SoHo retailer shows at least six individuals rummaging through clothing racks.

Police told the outlet that the incident occurred on May 31 around 11 p.m. and that store owners reported a loss of $1,511,000 in stolen merchandise.

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The store, located on Wooster Street, was one of many SoHo shops looted as demonstrators took to the streets of Manhattan to protest the death of George Floyd, who was killed in Minneapolis on May 25 while in police custody.

Officials are also seeking 12 individuals in the burglary of another SoHo retailer where $450,000 of merchandise was taken June 1.

Anyone with information on either incident is encouraged to call the NYPD’s Crime Stoppers Hotline at 1-800-577-TIPS (8477). All calls are kept confidential. The public can also submit anonymous tips to the Crime Stoppers website or on Twitter @NYPDTips.

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UK Treasury, British Business Bank reviewing access to state-backed loan schemes – The Telegraph

(Reuters) – Britain’s Treasury and British Business Bank officials are reviewing access to state-backed loan schemes after the European Union relaxed state aid rules, The Daily Telegraph reported.

The report bit.ly/3f3zxwX, citing Treasury sources, said it was likely that UK firms rejected for emergency help under the EU’s financial difficulty tests could reapply if the loan schemes were altered.

Brazil retailer Lojas Americanas to sell up to $1.3 bln in shares, financial blog says

SAO PAULO, July 5 (Reuters) – Brazilian retailer Lojas Americanas SA has hired banks for a share offering to raise 5 billion reais to 7 billion reais ($941 million to $1.32 billion), financial blog Brazil Journal reported on Sunday.

Americanas hired the investment banking units of Itau Unibanco Holding SA, Banco BTG Pactual SA, Morgan Stanley, Banco Bradesco SA, Banco Safra SA, Banco Santander Brasil SA and Goldman Sachs, the blog said, citing people with knowledge of the matter.

Americanas did not immediately respond to a request for comment.

Montreal’s Camillien-Houde Way closed to cars every Sunday morning throughout the summer

Motorists will have to find an alternate route to get across Mount Royal on Sunday mornings as Camillien-Houde Way will be closed from 7:30 a.m. to 12 p.m. until Sept. 27.

How Lethbridge baseball, BMX organizers are working to keep their members active amid COVID-19

When COVID-19 reached pandemic status in March 2020, many sports organizations decided to cancel their seasons altogether.

However, some sports in Lethbridge and area are still able to continue under Stage 2 of Alberta’s economic relaunch strategy.

September Is Key Date for Brexit Progress, Finance Lobby Says

The finance industry is ramping up pressure on the European Union to ensure access to London financial markets, warning of major disruptions without progress toward a Brexit trade deal by the end of September.

The third-quarter date — as opposed to the official year-end deadline for an agreement — is crucial because that’s when U.K. derivatives clearinghouses, such as the one run by London Stock Exchange Group Plc, would need to start closing out European firms’ membership, the Association for Financial Markets in Europe said in a statement.

“In practical terms, three months may not be sufficient time for the larger clearing members to close out their positions and make alternative arrangements,” according to the AFME, one of the region’s biggest lobbying groups for banks, and brokers. “Even if feasible, this would involve significant risks to market and financial stability.”

The most recent round of Brexit talks broke up without much sign of progress. The EU’s chief Brexit negotiator also last weekblasted the U.K.’s plans for post-Brexit finance, calling them “unacceptable.”