Report Quebecor World to Become Novink

first_imgMontreal-based magazine printer Quebecor World is expected to announce this week—possibly as early as today—that it is changing its name to Novink.The company, according to Graphic Monthly Canada’s PrintCAN, applied for a trademark for “Novink” last July, and in May published the application in a Canadian trademarks journal.A Quebecor spokesperson did not immediately return a request for comment.The printer indicated it would change its name as part of the company’s emergence from Chapter 11. In April, the company reached a $1.5 billion agreement with its creditors that it says will allow the company to emerge from bankruptcy protection this summer. Last month, Quebecor World received a letter from fellow printer R.R. Donnelley expressing interest in purchasing Quebecor for roughly $1.35 billion. A vote on a response by Quebecor’s board of directors is expected imminently.A Quebecor creditor’s meeting is scheduled for June 18.last_img read more

James Cameron congratulates Marvel on beating Avatar at the box office

first_img Marvel Tags James Cameron congratulated Marvel for beating his movie, Avatar, in terms of box office sales. James Cameron This past weekend was a big one for Marvel Studios. Not only did the company reveal plenty of movies for its upcoming Marvel Cinematic Universe Phase 4 at San Diego Comic-Con, but it also reached the top of the box office with Avengers: Endgame,  surpassing 2009’s Avatar. One person congratulating the studio was Avatar’s director, James Cameron. Cameron tweeted his congratulations Monday morning from the official Avatar Twitter account. The tweet consisted of Iron Man surrounded by woodsprites from the film with a caption reading “Oel ngati kameie,” which is Na’vi for “I see you.”  Now playing: Watch this: To @JimCameron- you’re a monumental reason why we fell in love with film in the first place. Thank you for always inspiring us and opening the world’s eyes to what’s possible. We can’t wait to see where you take us next… pic.twitter.com/nrOqKVjGFa— Russo Brothers (@Russo_Brothers) July 22, 2019 Previous examples of this box office baton that’s been passed since 1977, starting with Steven Spielberg himself. (Cameron is the only director to pass to himself, from Titanic to Avatar.) pic.twitter.com/RHQC6tSsiM— Fandango (@Fandango) July 22, 2019 TV and Movies Culture Congratulations, @MarvelStudios! pic.twitter.com/DWZDX0uDVi— Avatar (@officialavatar) July 22, 2019 Review • AVADirect Avatar VR desktop review: A big, powerful VR desktop 3:04center_img Saturday was when Avengers: Endgame took the top spot with $2.79 billion in ticket sales, putting Avatar in second place at $2.789 billion. This is the second congrats from the Avatar director. In May, Cameron gave kudos to the Marvel team when Avengers: Endgame grossed more than the director’s previous box office mega-hit, Titanic. Cameron is following a tradition of directors congratulating others for their box office smashes. Most notably, Steven Spielberg and George Lucas praised one another when their respective films, Star Wars, Jaws and Jurassic Park, out-earned one another. The Russo Brothers, who directed the record-breaking film, tweeted their appreciation for Cameron, saying he was a “monumental reason” they fell in love with film. Saturday was also the day Marvel Studios revealed its upcoming movies, including Thor 4: Love and Thunder, Shang-Chi and the Legend of the Ten Rings, Doctor Strange in the Multiverse of Madness, and Blade starring Marhersella Ali.  Marvel didn’t immediately respond to a request for comment. Originally published on July 22, 8 a.m. PT.Update, 1:03 p.m. PT: Adds Russo Brothers tweet. 0 Post a comment Marvel’s Phase 4 plan explained AVADirect Avatar VR desktop Share your voicelast_img read more

Indian rupee falls to new low since Narendra Modi came to power

first_imgThe Indian rupee hit a new low of 68.86 against the US dollar on Thursday, as foreign investors continue to sell their holdings in view of an imminent interest rate hike by the US Federal Reserve next month. The previous all-time low for the domestic currency was 68.85 on August 28, 2013.On that day, the rupee experienced its biggest single-day fall in 18 years but gained later to close at 66.24.Narendra Modi was voted to power in May 2014 when his BJP-led NDA swept the general elections, ousting the Congress-led UPA that remained in office for 10 years.Earlier, on Thursday, the rupee opened 19 paise lower at 68.76.Foreign institutional investors (FIIs/FPIs) have been on a selling spree in November, offloading debt and equities worth $3.18 billion, the Mint reported.The fall is not confined to the Indian rupee alone. “Asian currencies’ drop to a seven-year low will probably deter regional central banks from easing monetary policies as the prospects of higher U.S. rates spurred capital outflows,” Geojit BNP Paribas said in a note on Thursday morning.The BSE Sensex closed at 25,860 on Thursday, down 192 points, or 0.74 percent. Top index losers were Tata Motors, Sun Pharma and Axis Bank.”Continued weakness in rupee against dollar, last hour of expiry square-off and the disruptions in Rajya debate over demonetization have dragged the market. This phase of consolidation is likely to continue in the near-term given the domestic setbacks and losing strength of the EMs due to buoyant bond yield,” Vinod Nair, Head of Research, Geojit BNP Paribas Financial Services, said in a note.The BSE Bankex closed 1.45 percent, with the top losers being Kotak Mahindra Bank, Axis Bank, Federal Bank and IndusInd Bank. State Bank of India ended with gains of 1.14 percent at Rs 261.70.last_img read more

Procession rejects postponement of quota protests

first_imgA faction of quota protesters brought out a procession at the Dhaka University campus area on Tuesday. Photo: Mosabber HossainA faction of the students and job-seeking youth has rejected the decision to postpone the demonstration demanding reforms of the quota system in public service, following talks with the government.Apparently infuriated by the postponement of the campaign before any formal announcement, the protesters in  hundreds held a rallly on the Dhaka University campus on Tuesday.Some of the protesters requested others not to bring out any procession and to wait until the government scrutises the matter and gives its decision after 7 May.In fact, the road transport and bridges minister Obaidul Quader, in a meeting with a delegation of 20 demonstrators, said they had agreed to postpone the programme until 7 May.Some protesters expressed their dissent on Monday evening. On Tuesday they brought out a procession, chanting slogans demanding reforms in the quota system in public service.The protagonists of the dialogue with the government requested all others to ignore the call to continue the campaign, reports UNB.Rashed Khan, joint convener of Bangladesh General Students’ Rights Protection Council, came up with the request while briefing reporters in front of Dhaka University Central Library premises.He alleged that a faction, from the beginning of the movement, was trying to disrupt their programme.Rashed also said that they have suspended their movement until 7 May following the assurance from the prime minister on quota reformation.He requested journalists not to cover any programme of the ‘dissidents’ as that might create confusion among people.The protesters apologised for assaulting some journalists during the Monday protest.The leaders of the council demanded an apology from agriculture minister Matia Chowdhury for her comments in parliament on Monday night.The ‘dissidents’ are in favour of carrying out their movement on the university campus, demanding reforms in the quota system within one week.last_img read more

Sri Lanka speaker refuses to accept Rajapaksa as prime minister

first_imgKaru Jayasuriya, speaker of the parliament of Sri Lanka, attend a party leaders and members meeting at the parliament in Colombo, Sri Lanka 2 November 2018.Photo: ReutersSri Lanka’s speaker of parliament said on Monday he would not accept a former president, Mahinda Rajapaksa, as the new prime minister until he proves he commands a majority in parliament.President Maithripala Sirisena fired the sitting prime minister, Ranil Wickremesinghe, on 26 October and appointed Rajapaksa in his place, sparking a political crisis.Wickremesinghe has denounced his dismissal as unconstitutional and vowed to remain prime minister until parliament votes him out.”The majority of members are of the view that the changes … are unconstitutional and against traditions,” the speaker of parliament, Karu Jayasuriya, said in a statement.Sirisena suspended parliament after he appointed Rajapaksa, raising concern among political parties at home and among Sri Lanka’s traditional allies such as India, the United States and European Union.Rajapaksa is known as a Sri Lankan nationalist, while being close to China.He is seen as a hero by many among Sri Lanka’s Buddhist majority but has been accused by diplomats of serious human rights abuses in the war against rebels from the Tamil minority, which ended during his tenure as president, in 2009.He has denied abuses and said in a statement after he was sworn in he wanted to end religious and ethnic divisions in the country of 21 million people.Jayasuriya said most members of parliament had called on him not to accept the changes.”I will have to accept the status quo prior to the changes” until a majority in parliament accepted them, he said.On Friday, 118 members of the 225-seat legislature met the speaker and called for the reconvening of parliament. On Sunday, Sirisena said parliament would be recalled on 14 November.Jayasuriya said it was difficult for him to remain silent when the norms of democracy and the rights of a majority of members of parliament had been violated.Foreign Minister Sarath Amunugama told a news conference Jayasuriya was not being impartial.The European Union warned last week it will consider stripping Sri Lanka of its duty-free access if it backs off commitments on human rights, amid worries stoked by the appointment of Rajapaksa.The United States and Japan have put some aid to Sri Lanka on hold because of the political crisis, Sri Lankan government officials have said.Sirisena has said Wickremesinghe was removed after his cabinet was dissolved in line with the constitution, but Wickremesinghe loyalists say it was unconstitutional.last_img read more