Thu. Jun 20th, 2019

CEO Of World’s Biggest catering company among those killed in seaplane crash

Richard Cousins, the CEO of one of Britain’s biggest companies, and four of his family members were killed in Sydney, Australia on New Year’s Eve when their sightseeing seaplane plunged into a river, according to multiple reports. [restrict]

Cousins, 58, was the chief executive of the world’s largest catering company, the Compass Group. According to Bloomberg, Cousins — who was ranked 11th in Harvard Business Review’s 2017 list of best-performing CEOs in the world — had intended to step down as Compass CEO in March.

The Briton was on a chartered sightseeing flight in Australia on Sunday afternoon with his fiancee, 48-year-old Emma Bowden; her daughter, 11-year-old Heather; and his sons, 23-year-old Edward and 25-year-old William, when their seaplane crashed into a river near Jerusalem Bay.

The group had been on a sightseeing tour with Sydney Seaplanes, a popular tour operator, reported The Guardian.

All six people on board, including the pilot, identified as 44-year-old Gareth Morgan, were killed, local police said in a statement.

The cause of the crash remains unknown but the Australian Transport Safety Bureau said it was launching an investigation into the accident.

The managing director for Sydney Seaplanes, Aaron Shaw, said the aircraft’s pilot had more than 10,000 hours of flying experience. The company, he added, had an “unblemished” flying record.

The weather on Sunday afternoon had been “perfect,” Shaw said, telling The Guardian that the company was cooperating with law enforcement in its investigation.

Australian Prime Minister Malcolm Turnbull offered his condolences to the loved ones of those who perished, calling the crash a “tragic accident.”

“Our hearts go out to the families of those whose lives were lost,” he said on Monday.

Paul Walsh, chairman of Compass, said in a statement that the company was “deeply shocked and saddened” by Cousins’ death. The late CEO, who had led Compass for 11 years, was “known and respected for his great humanity and a no-nonsense style that transformed Compass into one of Britain’s leading companies,” Walsh said.

Compass, which operates in about 50 countries, reported an annual revenue of $31 billion in 2017.

Several tragic aircraft crashes have made headlines this holiday season. On Christmas Eve, a Florida attorney and four members of his family, including his two daughters, died after their twin-engine plane crashed shortly after takeoff in Polk County. On New Year’s Eve, a plane carrying 10 American tourists, including a family of five, and two Costa Rican pilots crashed in northwestern Costa Rica, killing everyone on board. [/restrict]

ICB Bank and Pangea Foundation to cooperate on a password-based financial services business

June 14, 2019 - Palau ICB Bank will launch new financial services based on the Pangea Foundation and cryptography promote business.

ICB Bank on Thursday, the cryptographic currency foundation Pangea (PAN) and block chain-based cryptography and signed business agreement to promote the financial services business.

ICB Bank uses the Pangea Foundation's password currency 'Pangea' to combine financial services. We plan to jointly promote various Pin Tech businesses.

In particular, ICB Bank is working with Pangea Foundation. ICB Bank promote issuance of visa cards and master cards based on cryptography. The company is releasing debit cards that can be settled as collateral.

If a Visa or Master Card is actually issued, payment will be made in everyday life anywhere in the world. It is becomes possible, consumers can use the Visa/Master Card on-line merchant's Bitcoin, Ethereum.

The bank, a financial institution works with the Cryptographic Fund to provide financial services that can be applied in everyday life. The roll out is expected to be the first in the block chain pin tech industry.

An official from the Pangea Foundation said, "Working with the bank, in the future, global credit card companies and we will expand services to Eurpoe, Latin America and other countries in connection with possible banks." he said.

On the other hand, Cryptography Pangea (PAN) is an ERC20-based token used for remittance and payment. Adds a centralize authentication agreement to decentralized lenders technology for faster transaction rates. Billing platform at the same time. Currently, Indonesia, Vietnam, Uzbekistan, Europe, etc. and the Cryptographic Exchange of eight countries in Southeast Asia and Latin America.

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