Regional outlook: Cold front in the north

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Bidders circle for industrial duo

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Navy quarantines 188 Indonesian World Dream crew members in Jakarta

first_imgThe government transported 188 Indonesian nationals working as crew members aboard the World Dream cruise ship to the relatively uninhabited Sebaru Island, part of Jakarta, on Wednesday for quarantine amid coronavirus concerns.Indonesian Navy First Fleet Maritime Security Task Force commander Cdre. Yayan Sofyan said the transfer of the crew members to the Dr. Soeharso naval hospital ship went according to plan.“The transfer has been completed. It went well,” Yayan told The Jakarta Post. The transfer was made under the supervision of the First Fleet Maritime Security Task Force in the Durian Strait near Karimun regency, Riau Islands.Read also: COVID-19: 188 Indonesians from World Dream cruise ship to be quarantined on uninhabited islandYayan said the hospital ship was escorted by a number of naval ships, including KRI Cut Nyak Dien 375, KRI Clurit 641, KAL Marapas and KAL Mapur.Joint Defense Area Command I commander Rear Adm. Yudo Margono said the transport was scheduled to arrive at Sebaru Island at 2 p.m.The World Dream cruise ship suspended its operations after docking in Hong Kong earlier this month. It spent days in quarantine at the Kai Tak Cruise terminal after three Chinese nationals who had been aboard the ship between Jan. 19 and 24 tested positive for the virus, Reuters reported.The ship’s 1,800 passengers disembarked in Hong Kong on Feb. 9, leaving 1,814 crew members onboard, according to World Dream’s operator Dream Cruises. (rfa)Topics :last_img read more

Trump urges US to halt most social activity in virus fight, warns of recession

first_img“With several weeks of focused action, we can turn the corner and turn it quickly,” he said.The president has taken criticism for playing down the seriousness of the virus in the early days of its US spread. On Monday, when asked, he gave himself a good grade for his response.Trump said a nationwide curfew was not under consideration at this point.Normally a cheerleader for the US economy, he acknowledged the possibility of a recession while brushing off another dramatic decline on stock markets as investors worried about the virus.”The market will take care of itself,” Trump said, adding it would be very strong once the virus was handled. The president has long considered soaring stock markets to be a sign of his administration’s success.Trump said the administration had talked regularly about domestic travel restrictions but hoped not to have to put such measures in place.He said he thought it would still be possible for G7 leaders to meet at the Camp David retreat in Maryland in June. Trump upset European countries, which make up a large part of the G7, by instituting travel restrictions from European countries without consulting with them first. The task force implored young people to follow the new guidelines even though they were at lesser risk of suffering if they contract the virus. Older people, especially those with underlying health problems, are at the greatest risk if they develop the respiratory disease.”We’ve made the decision to further toughen the guidelines and blunt the infection now,” Trump told reporters at the White House. “We’d much rather be ahead of the curve than behind it.”Reporters staggered their seating, sitting in every other seat in the White House briefing room, to follow social distancing measures.Trump said the worst of the virus could be over by July, August or later. He called it an invisible enemy. President Donald Trump urged Americans on Monday to halt most social activities for 15 days and not congregate in groups larger than 10 people in a newly aggressive effort to reduce the spread of the coronavirus in the United States.Announcing new guidelines from his coronavirus task force, the president said people should avoid discretionary travel and not go to bars, restaurants, food courts or gyms.As stocks tumbled, Trump warned that a recession was possible, a development that could affect his chances of re-election in November. The Republican president said he was focused on addressing the health crisis and that the economy would get better once that was in line.center_img Topics :last_img read more

Laurent Koscielny ‘very hurt’ by conflict with Arsenal, claims Olivier Giroud

first_imgAdvertisement Laurent Koscielny ‘very hurt’ by conflict with Arsenal, claims Olivier Giroud Comment Laurent Koscielny refused to travel with Arsenal’s squad to the United States (Picture: Getty)Olivier Giroud has claimed that Laurent Koscielny has been left ‘very hurt’ by his ongoing battle with Arsenal to leave the club this summer.Club captain Koscielny stunned Arsenal by refusing to go on their pre-season tour of the United States, with the defender instead opting to remain in England until his future was resolved.It’s understood Koscielny is upset at a supposed broken promise from Arsenal that would he would be allowed to return to Ligue 1 ahead of the 2019/20 campaign.Lyon, Rennes and Bordeaux are all believed to be interested in signing Koscielny and former Arsenal striker, Giroud, has sympathy for his compatriot.AdvertisementAdvertisementADVERTISEMENTMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘Lolo is a good friend of mine,’ Giroud, now at Chelsea, told BBC Sport.‘I’ve known him now for 10, 11 years. We played together in the second division [in France, at Tours].‘He’s been playing for Arsenal for nine years; he’s been the skipper for so many years – very respectful, very professional, always the best example for the young players.‘The club gave him the opportunity to play at Arsenal, and it was a big, big opportunity for him to show his quality in the Premier League. Koscielny is desperate to return to France this summer (Picture: Getty)Giroud added: ‘You cannot make a judgement when you don’t have all the clues.‘I’m pretty sure we don’t know everything in this situation.‘I hope both sides will find the best agreement.’ Koscielny is ‘very hurt’ about his conflict with Arsenal, says Giroud (Picture: Getty)‘I think he has always been grateful about that and respectful to the club. I don’t understand how we have got to this situation.‘I feel very sad for him because he’s a great person and the media wants to give a bad image of him.‘I’m not at the club, I don’t know what really happened – but one thing for sure is Lolo is very hurt by what’s happening and he’s an emotional person.’ Emery has spoken with Koscielny (Picture: Getty)Unai Emery has confirmed that he’s spoken with Koscielny and it’s now up to the player and the club to resolve the situation.‘He started training with us this pre-season and I spoke with him three times for his situation. We wanted him to come with us on this tour but he decided to stay,’ the Arsenal manager said.‘Now it is a matter for the club and for the player.’More: FootballBruno Fernandes responds to Man Utd bust-up rumours with Ole Gunnar SolskjaerNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesAsked whether Koscielny still has a future with the Gunners, Emery replied: ‘He has one year left on his contract. For me as a coach he’s an important player.‘Now it’s one matter for him and the club.‘The club and him need to speak, they are speaking about his situation. I cannot say more than that.’MORE: Peter Crouch confirms son’s real name after joking he and Abbey Clancy had called baby Divock Samhat Metro Sport ReporterTuesday 16 Jul 2019 10:23 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.5kShares Advertisementlast_img read more

Jamie Carragher warns Mikel Arteta about letting David Luiz leave

first_img Metro Sport ReporterThursday 28 May 2020 10:13 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link2.8kShares Arteta may be without Luiz next season (Picture: Getty)Jamie Carragher believes it’s a risk for Mikel Arteta to let David Luiz leave Arsenal, because it will leave the defence with a lack of experience. Arsenal are yet to trigger a one-year extension in the former Chelsea centre-half’s contract and it’s thought he could be allowed to depart on a free transfer. Luiz has been one of the most impressive performers under Arteta – who is thought to be keen to keep him – but club chiefs think highly of William Saliba, who is currently on loan at St Etienne. And while Carragher has heard good things about the 19-year-old, he does fear the Gunners could lack experience in their backline if Luiz is allowed to leave.AdvertisementAdvertisementADVERTISEMENT‘It’s been entertaining,’ Carragher told Sky Sports of Luiz’s time in the Premier League. ‘I think that’s the first thing you’d say, maybe that’s not something you’d not want to be described as as a defender.‘Hes not going to change when he went to Arsenal, no manager is going to change David Luiz. Jamie Carragher warns Mikel Arteta about letting David Luiz leave Comment Carragher warned Arsenal over letting Luiz go (Picture: AMA/Getty)‘He’s had success through his career, hes went for big money, he’s got some great qualities.‘I think of him at his best in being in the middle of a back three with [Antonio] Conte in the year they won the title, I think that was the best position for him, I think Conte got the best out of him, we saw the real big strengths of David Luiz.‘We know about him technically, but he is a leader in some senses as well, he’s got a huge frame, he’s a real physical presence as well.‘I think actually being in the middle of that back three with real defenders either side of him, Gary Cahill and Cesar Azpilicueta, I think really saw the best of him. That’s how I certainly remember him.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal‘At times we know he can lack concentration, make poor decisions and that’s cost certain teams. I think that’s why he’s always moved on in his career.‘I think a manager feels he can get the best out of him, he’s got some great qualities, but when you’d got him for a year or two you think, “no, I can’t put up with the other stuff that he brings to the club as well”, and maybe that’s what Arteta’s seen.‘I do know Arsenal are really excited by the prospect of Saliba coming in from Saint-Etienne. But he’s only 19 so you’d still think they need a little bit more experience in that position. I do know the club are very excited about him coming in.‘To be honest it’s no surprise to me that they won’t be renewing David Luiz’s contract.’Should Arsenal let David Luiz leave?Yes0%No0%Share your resultsShare your resultsTweet your resultsMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City Advertisement Advertisementlast_img read more

AREC 2018 Gold Coast: The best thing Tinder can teach you about the future

first_imgSteve Carroll of REA Group says immediacy and personalisation are key to future success.TINDER might be revolutionising relationships but swiping right can teach you a whole lot more professionally, according to experts. Steve Carroll of REA Group told the AREC 2018 conference on the Gold Coast that those who stood out mastered the art of personalisation.“There are three million Australians on Tinder. Why, apart from obvious reasons? Because they want to personalise the perfect partner,” he said. MORE FROM AREC 2018: The power of first impression How to be a millionaire agent in 3 years Meet the man behind John McGrath’s success Preparation and urgency are key Mindset is the key to success Australia’s real estate “golden triangle” More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours ago“When I was single I would put shades on, go to nightclub and dance weirdly … But the world has moved on. “Nike has augmented reality that allows you to design your own trainers. “Not to be outdone Adidas a few months ago at the Boston Marathon put a widget in 30,000 runners’ vest which enabled them to give every runner a personalised video of their experience within two hours of their run finishing. What do you think these runners did when they got back home? They shared it on Facebook etc with Adidas on it.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:30Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:30 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p288p288p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenAREC 2018 promo video00:30 He said there were great opportunities available for those who personalised their services given the way customers had changed and the fact that less than a quarter of the real estate industry was doing so.Brisbane-based Place Estate Agents director Sarah Hackett said her firm redesigned their website and social media to meet the challenge.“Why are we as real estate agents holding back information to get more enquiries. At Place we realised we were not very good at this. So we redesigned our site … What are you doing on your website right now to address immediacy?” FOLLOW SOPHIE FOSTER ON FACEBOOKlast_img read more

​Jeremy Woolfe: Brussels looks to tax reform to boost Juncker Plan

first_imgJeremy Woolfe relates the European Commission’s latest plans for getting pension funds involved in the CMUDouble taxation, which, according to official estimates, is costing EU cross-border investors about €8bn a year, is now in line for dismantling if the European Commission gets its way. Tackling the issue is among a number of initiatives designed to bring down long-standing barriers to the movement of investment across the Continent.Speaking at a meeting organised by Better Finance, an industry group for pension beneficiaries, Valdis Dombrovskis, the EU’s new maestro for the Capital Markets Union (CMU), stated that tax regimes had a “strong influence” on investment decisions. The former prime minister for Latvia warned that double taxation could “penalise” dividend income, interest payments and capital gains on cross-border investments.“The process for reclaiming withholding taxes when these are subject to double taxation can be off-putting,” he said, “so much so that the cost of reimbursements foregone in Europe is estimated at around €8bn a year. So we are we’re working hard with member states to determine how we can make the whole process simpler.” Dombrovskis had previously listed, as recent advances for the CMU’s enabling actions, proposals to overhaul the prospectus regime, to restart securitisation markets and to support socially minded investments. Taxation issues have apparently been brought forward in priority – the European Commission’s plan to study “discriminatory tax obstacles” to pension funds’ cross-border investment was recently scheduled to be dealt with some time next year.It has now been separately announced that the Commission will make a proposal to improve dispute resolution for double taxation later this year, “probably towards the end of October”. With it will be a new proposal on the Common Consolidated Corporate Tax Base (CCCTB) to provide a single set of rules for companies to calculate their taxable profits. The forthcoming announcements will also cover the debt-equity bias obstacle to efficient capital market financing.The target for the reforms is to stimulate the EU’s Investment Plan, which focuses on removing impediments to investment. Aims include mobilising at least €315bn in three years, and among the plan’s components is the European Fund for Strategic Investment (EFSI). EC president Jean-Claude Juncker, in his recent State of the Union address, announced that the EFSI, as of September 2016, had already raised €116bn and funded 200,000 small companies and start-ups, providing more than 100,000 new jobs. He therefore proposed doubling the fund’s duration and financial capacity.The Commission president would doubtless be aware that the total sum locked up in Europe’s pension funds has the potential to boost that target vastly. Furthermore, moves from the pensions sector could defuse criticism of the EFSI that, to date, many of its projects – as managed by the European Investment Bank – would have materialised anyway, with little or no contribution from the fund.The censure comes from Breugel, the think tank, which also notes that typical financing up to the present contributes to motorway and wind-farm developments. All this is against a background that serious capital flow from Europe’s giant pension holdings into the EFSI has yet to start in volume. PensionsEurope, among others, has echoed this sentiment. The industry group says its members’ funds are not involved in the EFSI. It also makes the point that they can and do place investments in not-dissimilar infrastructure projects, but they do so at the national level. Dombrovskis, asked to provide an example of any single major contribution from a pension fund into CMU-related funding, could only reply: “We are working in this direction.”Six months ago, the Commission was painting a sunny picture, forecasting a significant rise of input from the institutional investment sector over the (then) next six months. This would have followed steps to tackle certain “regulatory or administrative bottlenecks”. Clearly, it is working at break-neck speed with legislative reform to make good the glacially slow progress of its forebears. The next steps are for the EU national governments to go along with the strategy. If they do, the Commission’s wish for the floodgates to open – to make feasible the release of pension and other institutional funding into the EFSI – would be achieved.last_img read more

Navios Partners Adds Secondhand Panamax

first_imgOwner and operator of dry bulk and container vessels Navios Maritime Partners has reached an agreement to acquire a secondhand vessel for a price of USD 12.95 million.The vessel in question is a 87,000 dwt Panamax, built in 2005. The company informed that the ship is expected to be delivered to Navios Partners’ owned fleet in March 2018.Based on the current rate environment, the vessel is expected to generate around USD 3.2 million of annual EBITDA, assuming operating expenses approximating current operating costs and 365 revenue and cost days.Navios Partners is to finance the acquisition with cash on its balance sheet and bank debt at terms similar to its existing banking facilities. The unit will bring the company’s fleet to 40 vessels.Additionally, Navios Partners informed that its board of directors adopted a distribution policy under which it intends to declare quarterly cash distribution in the amount of USD 0.02 per unit, or USD 0.08 annually. Based on its current capitalization, the company expects to distribute USD 3.4 million quarterly and USD 13.7 million annually.“I am pleased we were able to restore distributions for our unit holders. Over the past couple of years, we used our cash flow to solidify our balance sheet and to renew and expand our drybulk fleet. Indeed, since 2016, we grew our drybulk fleet by 37% and reduced its average age by 12%, on a deadweight tons basis,” Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners, said.last_img read more

Leni hits gov’t’s failure to act urgently on COVID-19 crisis

first_img“Pagkatapos nun, nung finally nag-ECQ (enhanced community quarantine) na tayo, parang walang sense of urgency in providing PPEs for our frontliners,” Robredo said. Robredo pointed out Thursday there were gaps in the government’s response to the virus such as dilly-dallying in cancelling flights from China after the country recorded its first cases at the end of January this year. “My sense is that we did not act urgently kaya nararamdaman natin ngayon ‘yung mga gaps. Kasi naging complacent tayo at the very start,” Robredo said in an interview with ABS-CBN News Channel. The Vice President also took a hit on the slow the procurement of personal protective equipment (PPEs). The Philippines had its first COVID-19 case on January 30, a 38-year-old Chinese woman from Wuhan. It was on February 2 when President Rodrigo Duterte ordered the temporary travel ban on visitors from mainland China, Hong Kong and Macau. “Sa akin, bilisan na iyon because even if we ease the lockdown already… if people are still afraid to go out, wala e, iyong negosyo maghihirap. ‘Pag naghirap ang negosyo, damay ang lahat,” she added.center_img MANILA – Vice President Leni Robredo lambasted the Duterte administration for its lack of sense of urgency in responding to the coronavirus disease 2019 (COVID-19) pandemic. “If you remember, our first cases started end of January. And we were still not determined at the time on what steps to take. Kung naaalala natin, we had been pushing for cancellation of flights already from China. Medyo nag dilly dally pa tayo doon e,” she added. In response, Presidential spokesperson Harry Roque said in a virtual press conference that it was not only the Philippines who are behind in COVID-19 response as the pandemic was felt worldwide. “Buong mundo po, we’re far from defeating Covid-19,” Roque said. “I invite the good Vice President to just ask what she needs to know, that’s part of my job as spokesperson.”/PNlast_img read more