` Supreme Board of Communication Cancels National Broadcasting Licence of `Kanaltürk TV ‘ Reducing Advertising Revenue ‘

#AceFinanceNews – TURKEY – March 27 – Supreme Board of Radio and Television (RTÜK) has cancelled the national broadcast license of Kanaltürk television in a move that will significantly reduce Kanaltürk’s advertising revenue.

The channel is one of many inspired by Fethullah Gülen, the leader of the Gülen Movement and Turkish Prime Minister Recep Tayyip Erdoğan’s ally-turned-nemesis.

#AFN2014

#gulen-movement, #kanalturk, #supreme-board-of-radio-and-television-rtuk, #turkey, #turkish-prime-minister-recep-tayyip-erdogan

` Putin calls for ` Greater Measures’ to protect their `Intellectual Property Rights ‘ in light of recent Events’

#AceFinanceNews – MOSCOW – March 27 – Russian President Vladimir Putin has called for taking additional measures to protect intellectual property rights.

“It’s a very important sphere, and we have much to accomplish here. The latest analysis showed that the decisions made in the sphere of protection of intellectual property in film-making were not as effective as we had hoped,” Putin said at a meeting with members of the Federation Council upper house of Russia’s parliament on Thursday.

He referred to any new film release as an example. A week-long show of a new film on a website is enough to dismantle all the protection, the president said, adding that “we have to consider additional moves to protect intellectual property.

Ace Contract Services News

#AFN2014

#federation-council, #moscow, #russias, #russian-president-vladimir-putin

` Sevastopol to receive $67.5 Million with the `First Tranche ‘ 10 Days after the Agreement is Signed ‘

#AceFinanceNews – SEVASTOPOL – March 27 – The legislative assembly of Sevastopol decided at its special session to sign an agreement with the Russian Finance Ministry on additional financial support as a subsidy from the federal budget for the city.

Such subsidies are provided to ensure balanced budgets in Russian regions.

In accordance with the agreement, 2.4 billion roubles ($67.4 mln) will be provided in 2014.
The first tranche of 800 mln rbls ($22,5 mln) will be transferred in ten days after the agreement is signed.

“The subsidy is provided for us, taking into account that we have assumed financing of all the state power bodies during the transitional period. There is already a resolution of the government of the Russian Federation.

So, we need to forward the agreement to the Finance Ministry already today,” deputy head of the Sevastopol state administration Elimdar Akhtemov told the assembly.

Russian News Sources

#AFN2014

#russian, #russian-finance-ministry, #sevastopol

#AceFinanceNews KIEV March 27 #ANS2014

#AceFinanceNews – KIEV – March 27

#ANS2014

Ukraine is standing on the verge of the economic and financial bankruptcy, Arseniy Yatsenyuk, the acting prime minister of Ukraine, said at a parliamentary session on Thursday.

#afn2014, #arseniy-yatsenyuk, #bankruptcy, #kiev, #ukraine

` Designer L `Wren Scott has left her Estate worth $8 Million to ` Mick Jagger ‘ together all other personal items ‘

#AceFinanceNews – NEW YORK – March 27 – Designer L’Wren Scott has left her estate to Rolling Stones front-man Mick Jagger, whom she dated for the last 10 years, US media report citing Scott’s will.

According to Scott’s will, Jagger will get her apartment in New York worth $8 million, as well as jewellery, cars, furniture and other personal belongings worth together around $1 million.

Scott stressed in her will that she leaves nothing to her brother and sister.

It is not specified when the document was written and signed.

According to the state of New York legislature, estate is divided between relatives if a person leaves no will.

L’Wren Scott, 49, committed suicide on Marach 18 in her New York apartment.

At the time, Jagger, 70, was on tour with Rolling Stones in Australia. Last Tuesday, a funeral service was held for Scott in Los Angeles.

Scott and Jagger started dating in 2001, they had no children. L’Wren Scott worked as a model, and later became a designer.

She created costumes for a number of famous films, including Eyes Wide Shut (1999) and Ocean’s Thirteen (2007).

Over the last years, Scott devoted most of her time to her own clothing line, which was popular among celebrities, including Nicole Kidman, Angelina Jolie, Sarah Jessica Parker and Oprah Winfrey.

US First Lady Michelle Obama and former French president’s wife Carla Bruni also wore garments made by Scott.

US Media and News Sources.

#AFN2014

#los-angeles, #lwren-scott, #mick-jagger, #new-york, #rolling-stones

` IMF is ready to provide the `Ukraine ‘ with $14-18 Billion on a Stand-By Arrangement Program within 2 Years ‘

#AceFinanceNews – KIEV – March 27 – International Monetary Fund (IMF) is ready to provide Ukraine with $14-18 billion within the common international financial aid program during the two following years.

Head of IMF mission Nikolai Georgiev said this at a briefing on Thursday.

“We have reached an agreement on the economic reforms program in Ukraine, which will be covered by a Stand-By Arrangement program worth $14-18 billion within two years.

The program will give way to financial aid.

The volume of this unblocking is $27 billion within two years,” Georgiev said.

He added that the first tranche would be handed in April, but did not disclose its sum.

Georgiev noted that the tranche would depend on Ukraine’s compliance with the necessary requirements.

#AFN2014

#imf, #international-monetary-fund, #kiev, #ukraine

` Chinese Insurance Companies have begun to offer Pay-Outs to the Relatives of Missing Boeing MH370 ‘

#AceFinanceNews – BEIJING – March 27 – Chinese insurance companies have begun to offer payouts to the relatives of the missing Boeing 777-200, news agency Xinhua reported on Thursday.

The firms begun offering insurance payments after Malaysian Prime Minister Najib Razak announced that the plane had probably fallen into sea with no survivors.

On Monday, the prime minister held a press-conference, where he said that the flight has been last registered on satellite images to the west of the Australian city of Perth in the Indian Ocean.

Najib added that the plane was too far from the place where it could land, so the most probable version was that it had crashed in the ocean.

As of today, China’s largest insurance firm China Life has already paid more than 4 million yuan ($666,000) to the relatives of 7 out of 32 passengers of the missing Boeing, who were clients of the company.

All insurance payments will stand at 9 million yuan ($1.46 million).

On Wednesday, China Pacific Insurance, registered in Shanghai, made the first insurance payment of 525,000 yuan ($87,500). The relatives of 9 passengers, clients of China Life Insurance Co, will receive up to 1 million yuan ($166,000).

Chinese and Malaysian News

#AFN2014

#beijing, #boeing, #china-life, #chinese, #indian-ocean, #mh370, #najib-razak, #perth, #shanghai, #yuan