Latest news with #Shim
Cision Canada
21-05-2025
- Business
- Cision Canada
Capital Group Canada Appoints Two New Executives to Key Leadership Roles Français
Shim brings nearly 25 years of experience in both institutional and retail asset management to her new position. Most recently, she served as vice president of corporate initiatives for Guardian Capital Group. She holds a master of finance degree and a bachelor's degree in commerce from the University of Toronto and is a CFA charterholder. Tuira joins Capital Group with over 20 years of experience, having most recently led Invesco Canada's Institutional Distribution business, where he oversaw sales, client servicing and consultant relations across Canada. He holds a bachelor's degree in commerce with a minor in economics from McMaster University and holds the CFA and CAIA charters. "Angela's extensive experience in both retail and institutional product strategy, management and development, combined with Mike's experience and network across the Canadian institutional market, will be incredibly valuable as we aim to become the partner of choice for our clients, offering a comprehensive suite of investment solutions to assist them in achieving their investment objectives amid an evolving industry landscape," said Rick Headrick, president of Capital Group Canada. Capital Group manages portfolios using a distinctive investing approach, The Capital System™, which combines independent decisions with collaboration and diverse perspectives. It seeks to deliver long-term results across market cycles with less volatility. In Canada, the Capital Group organization's institutional investment strategies are offered as separate accounts and are used by a variety of corporations (for defined benefit plans) and public funds as well as endowments, foundations and other institutional investors. Capital Group's Canadian mutual funds are also offered for use in defined contribution plans. Both Shim and Tuira will be based in Capital Group's Toronto office. About Capital Group Capital International Asset Management (Canada), Inc. is part of Capital Group, a global investment management firm originating in Los Angeles, California. Since 1931, the Capital Group organization has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research and individual accountability. As of March 31, 2025, Capital Group manages approximately US$2.8 trillion in equity and fixed income assets for millions of individual and institutional investors around the world. Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital Group organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.
Yahoo
27-04-2025
- Business
- Yahoo
IBM makes head-turning decision about its technology that could have global impact: 'This is an incredibly exciting time'
Tech giant IBM, which has operations in 150 countries, is improving its AI and data centers to help address environmental concerns. As Technology Magazine detailed, IBM gets almost 75% of its data center power from renewable fuels, and as many as 28 of those facilities rely 100% on clean energy. The company has also developed AI chips that use 14 times less energy than previous ones. These efficient chips still operate at a high capacity, which helps "leaders understand and respond to environmental changes," as Christina Shim, IBM's chief sustainability officer, told Technology Magazine. IBM's other eco-friendly moves include expanding the work its Granite AI model does for environmental applications, such as Kenya's national reforestation program. The country's Mau Forest lost 19% of its tree cover between 2001 and 2022, according to Mongabay. The Kenyan government was able to use insight from IBM's AI model to help plant 15 billion trees. Meanwhile, in Denmark, the company's predictive maintenance technology helped prevent unnecessary reconstruction that extended the Great Belt bridge and tunnel project — critical to the first ground-based connection between Denmark and Sweden — by 100 years. This prevented the release of 750,000 tonnes of polluting carbon gases in the area. "This is an incredibly exciting time to lead IBM's strategy around sustainability," Shim told Technology Magazine. It's no secret that technology — especially AI — often requires a lot of power. According to the U.S. Department of Energy, data centers consume 10 to 50 times more energy per floor than an entire standard office building. A major company like IBM using clean, renewable power sources for this technology means a reduced risk of environmental chaos, like extreme weather conditions and habitat destruction. IBM is avoiding greenwashing labels with quantifiable worldwide advances that are not just marketing slogans. By 2023, the company reached a milestone two years ahead of schedule by reducing operational polluting gases by 65%. Do you think more places of worship should embrace clean energy? Yes — it sets a positive example Only if it saves money No opinion Absolutely not Click your choice to see results and speak your mind. Reduced emissions aid in the fight against the planet's rising heat and harsher weather patterns. Meanwhile, better air quality achieved by cutting polluting gases and particulate matter creates a less toxic environment that reduces the risk of respiratory and cardiovascular illness, as well as some cancers. Other mainstream brands are supporting eco-friendly initiatives. For example, the NBA has collaborated with Trashie to help fans earn rewards for recycling old clothes. Elsewhere, Ecofrico has designed fashionable bags made from 100% hemp. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
27-04-2025
- Business
- Yahoo
IBM makes head-turning decision about its technology that could have global impact: 'This is an incredibly exciting time'
Tech giant IBM, which has operations in 150 countries, is improving its AI and data centers to help address environmental concerns. As Technology Magazine detailed, IBM gets almost 75% of its data center power from renewable fuels, and as many as 28 of those facilities rely 100% on clean energy. The company has also developed AI chips that use 14 times less energy than previous ones. These efficient chips still operate at a high capacity, which helps "leaders understand and respond to environmental changes," as Christina Shim, IBM's chief sustainability officer, told Technology Magazine. IBM's other eco-friendly moves include expanding the work its Granite AI model does for environmental applications, such as Kenya's national reforestation program. The country's Mau Forest lost 19% of its tree cover between 2001 and 2022, according to Mongabay. The Kenyan government was able to use insight from IBM's AI model to help plant 15 billion trees. Meanwhile, in Denmark, the company's predictive maintenance technology helped prevent unnecessary reconstruction that extended the Great Belt bridge and tunnel project — critical to the first ground-based connection between Denmark and Sweden — by 100 years. This prevented the release of 750,000 tonnes of polluting carbon gases in the area. "This is an incredibly exciting time to lead IBM's strategy around sustainability," Shim told Technology Magazine. It's no secret that technology — especially AI — often requires a lot of power. According to the U.S. Department of Energy, data centers consume 10 to 50 times more energy per floor than an entire standard office building. A major company like IBM using clean, renewable power sources for this technology means a reduced risk of environmental chaos, like extreme weather conditions and habitat destruction. IBM is avoiding greenwashing labels with quantifiable worldwide advances that are not just marketing slogans. By 2023, the company reached a milestone two years ahead of schedule by reducing operational polluting gases by 65%. Do you think more places of worship should embrace clean energy? Yes — it sets a positive example Only if it saves money No opinion Absolutely not Click your choice to see results and speak your mind. Reduced emissions aid in the fight against the planet's rising heat and harsher weather patterns. Meanwhile, better air quality achieved by cutting polluting gases and particulate matter creates a less toxic environment that reduces the risk of respiratory and cardiovascular illness, as well as some cancers. Other mainstream brands are supporting eco-friendly initiatives. For example, the NBA has collaborated with Trashie to help fans earn rewards for recycling old clothes. Elsewhere, Ecofrico has designed fashionable bags made from 100% hemp. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Cision Canada
25-04-2025
- Business
- Cision Canada
Canada's Corner Store Owners Call on Federal Leaders: Stop Ignoring Us
Hardworking New Canadians Forgotten in Election. TORONTO, April 25, 2025 /CNW/ - As federal leaders crisscross the country for votes, one critical community is being left out of the conversation: Canada's convenience store operators, many of whom are new Canadians and frontline workers in every neighbourhood. The ban on convenience stores selling regulated, and approved nicotine pouches is just the latest blow to these small businesses. Beyond regulatory hurdles at home, Canada's corner store operators are now grappling with the ripple effects of U.S. tariffs on goods commonly stocked in local shops. With profit margins already razor-thin, these added costs, passed down through supply chains, are squeezing small business owners even further. As essential consumer products become more expensive to stock and sell, many retailers are facing difficult decisions about staffing, hours of operation, and even long-term viability. The lack of federal recognition for these challenges adds insult to injury. In 2024, then-Health Minister Mark Holland issued a directive banning the sale of nicotine pouches in convenience stores. The move was widely condemned by both retailers and consumers. "This decision didn't help smokers quit — it drove them into the arms of the black market, where unregulated and untaxed products now thrive," said Kenny Shim, spokesperson for the United Korean Canadian Industry Alliance (UKCIA), the largest independent convenience store association in Canada. "Meanwhile, honest, hard-working retailers — many of them immigrant entrepreneurs — have lost millions in revenue and are being punished for doing things right." added Shim Canada's 9,000+ independent c-stores serve communities in every province and have long been trusted to responsibly sell age-restricted products like tobacco, alcohol, and lottery tickets. "We have a solid record on ID checks and compliance. Our members follow the rules. Yet for years, our sector has been ignored by Ottawa — particularly on the growing problem of illicit trade," said Shim. Earlier this year, convenience store operators welcomed commitments from members of the Conservative Party to reverse Minister Holland's decision if elected. Now, with the federal election just days away, the sector is turning to Prime Minister Mark Carney — should he form government — to reverse the decision in order to help these small business owners stay afloat in these increasingly difficult economic times. "We're family-run, community-based businesses doing our best to stay afloat," said Shim. "Mr. Carney, if you truly care about small business, don't forget the convenience store operator in your riding and across Canada. Reversing this ban would strengthen our stores and deal a serious blow to the black market. And you can trust us to keep these products out of the hands of minors — just like we do every single day." Independent convenience store operators across Canada stand ready to work with whomever forms the next government — and are eager to collaborate on policies that support public health and Canada's small business economy.
Saudi Gazette
09-03-2025
- Politics
- Saudi Gazette
South Korea's political crisis deepens as rival protests erupt over impeached President
SEOUL — There was no letup in South Korea's simmering political crisis as thousands gathered in Seoul on Sunday, staging rival demonstrations both in support of and against impeached President Yoon Suk Yeol following his release from detention. Some 4,500 pro-Yoon protesters held an outdoor Sunday service near the presidential residence, demanding the Constitutional Court dismiss the impeachment. The service was organized by Sarang Jeil Church, led by conservative activist pastor Jeon Kwang-hoon, according to Yonhap news agency. "With President Yoon's release, the impeachment trial has become meaningless. It's over," Jeon was quoted as saying. "In the event the Constitutional Court does something funny, we will exercise the people's right to resist and get rid of them with a single slash," he added. Yoon was released on Saturday after a Seoul court ruled his detention invalid. He had been held since mid-January over his botched martial law attempt in December. However, he still faces trial on charges of leading an insurrection and awaits the Constitutional Court's verdict on whether to uphold or dismiss his impeachment. An opposing rally by activists demanding Yoon's immediate removal was held overnight outside Seoul's Gyeongbok Palace. The group later held a news conference outside the nearby government complex to declare a week of "emergency action" urging his ouster. They also planned a march from the National Palace Museum later in the day, claiming it would draw 100,000 participants. Meanwhile, the main opposition Democratic Party (DP) called for the immediate resignation of Prosecutor General Shim Woo-jung, blaming him for the prosecution's decision to release Yoon after the court ruling. The party threatened to consider "all possible" measures, including Shim's impeachment, if he refused to step down. "Prosecutor General Shim released Yoon Suk Yeol, the ringleader of an insurrection, after voluntarily giving up the opportunity to immediately appeal the court decision (to release him) and receive the judgment of a higher court," DP floor leader Park Chan-dae said following an emergency meeting of lawmakers. The DP and four other minor opposition parties jointly called for Shim's resignation and vowed to push for his impeachment if he did not comply. On the other hand, the ruling People Power Party intensified its calls for the Constitutional Court to dismiss Yoon's impeachment and reinstate him. "The Constitutional Court must keep in mind that it will face unbearable backlash in the event it hastily removes the president from office and he is later acquitted of the insurrection charges," a party spokesperson warned. — Agencies
