LSE made four specific proposals for reducing its current trading hours of 8am to 4pm London time, each one cutting the daily period by either one or 1.5 hours, and also included the option of maintaining today’s timetable.It said the European banks and brokers’ Association for Financial Markets in Europe (AFME), and the Investment Association (IA), had recently proposed European exchanges reviewed trading hours with the aim of benefiting market structure as well as improving wellbeing, culture and diversity across their member firms.In the letter, signed by Emil Framnes, NBIM’s global head of trading, and its global head of systemic strategies, Yazid Sharaiha, the Oslo-based manager said it used a wide range of trading venues.Differences in market design across venues – from transparency regimes to trading protocols and trading hours – could have an impact on market liquidity and price discovery, said Framnes and Sharaiha.Recent trends in financial markets, such as the institutionalisation in the asset management industry and the growth of trading at the close, had changed the distribution of daily volume, they said. Overall, they added, this made it more challenging for institutional investors to access natural liquidity during continuous-time trading.“In this regard, we believe that the proposed adjustment of LSE’s market trading hours can potentially improve trading conditions,” the pair wrote.NBIM plumped for the 9am to 4pm London time as the opening hours option that could benefit markets the most.“This choice would allow for adequate time in the morning for maintaining alignment with Asian trading hours, and at the same time shift the UK trading day nearer to the opening of North American markets, where we observe a sizeable peak in trading interest,” Framnes and Sharaiha wrote.These hours would also benefit after-hours activities, they said, such as placements, that could take place earlier allowing investors to make timely decisions. The manager of Norway’s NOK10.6tn (€1tn) sovereign wealth fund said it supports London Stock Exchange’s (LSE) idea of shorter trading hours, saying both retail and institutional investors are likely to benefit from the improvements laid out.Norges Bank Investment Management (NBIM), which runs the Government Pension Fund Global, wrote in a letter to the exchange: “The basic intuition is that the shortening of trading hours and their harmonisation with best practices from North America and Asia could concentrate trading and, thus, increase the probability of a natural liquidity match.”The improvement in market liquidity could, theoretically, also lead to improvements in price discovery, it said in a response to LSE’s consultation launched on 10 December.The consultation, which ended on 31 January, is on several potential market structure changes including an adjustment to trading hours.
LNG is one of the fastest growing shipping sectors which witnesses an ever increasing number of vessel orders.So far this year, ship owners have ordered 33 new LNG ships, representing a significant increase compared to nineteen newbuilds in 2017 and six a year earlier.The decision to order new units is prompted by higher spot/short-term charter rates, still-low newbuilding prices and rapidly growing LNG trade, as explained by Andrew Buckland, principal analyst for LNG shipping and trade at Wood Mackenzie.According to Buckland, new LNG supply is being absorbed far more easily than many expected by booming demand in Asia, with China at the forefront of demand growth.A new wave of final investment decisions (FIDs) on new supply projects is expected to create even more demand for shipping. Wood Mackenzie currently forecast that 114 mmtpa of new LNG capacity will take FID between 2018 and 2021.However, owners need to be careful not to over order as there are many vessels from the current orderbook that will soon join the LNG fleet.The sector reaps the fruits from new LNG supply projects coming on stream in a relatively short period. Wood Mackenzie estimates that LNG production will increase by over 150 mmtpa between 2015 and 2020. In comparison, supply increased by 20 mmtpa in the five-year period prior to 2016.What is more, newbuilding prices for LNG ships have never been lower, tempting owners to order new ships whilst the prices remain low, according to the consultancy group.Wood Mackenzie further said that vessel design and technology advances have seen the typical new LNG ship become larger and more efficient, making ships ordered even three or four years ago outdated.In addition, the introduction of gas-injection slow-speed engines has offered better fuel savings.So far in 2018, 36 new vessels have joined the LNG fleet and three have been sent to demolition yards. 22 ships are slated for delivery before the end of the year. With this addition, capacity is expected to grow by 13 percent this year.“LNG trade is growing strongly but our forecast of an 8.2% expansion in 2018 lags behind fleet capacity growth. More long-haul imports from the USA to Asia should see tonne-mile demand grow at a faster rate, leaving a delicate balance between supply and demand for LNG ships. But forecast trade growth of 13.7% in 2019 should tip the balance in favour of ship owners,” according to Wood Mackenzie.Wood Mackenzie further said that peak demand periods in Asia see more US exports attracted to long-haul destinations, taking ships out of the Atlantic basin. This drives up charter rates globally and even higher in the Atlantic basin. In June, charter rates in the Atlantic basin peaked at around USD 90,000/day, whilst rates in the Pacific Basin at the same time were closer to USD 70,000/day.In conclusion, the consultancy said that the market clearly wants more of the newbuilds and that orders have been too little too late.However, when looking at the wider picture, there is a lot of new capacity still to be delivered. Additionally, there are under-used and laid-up older units that could be more fully employed, the consultancy added.“The next pre-FID wave of LNG supply won’t come on stream until mid next decade. If ordering activity continues at recent levels there is a high danger that it will be too much too soon,” Wood Mackenzie noted.
The United nations refugee agency, UNHCR, has once again expanded Kenya’s Kakuma refugee camp. For the third year in a row, Kakuma has been receiving record numbers of refugees from South Sudan fleeing violence in the country that threatens to spill into all out civil war. By late August 2014, there were more than 42,000 new arrivals. Failing a lasting ceasefire and peace and reconciliation in South Sudan, the steady influx into Kenya has continued into 2015. CCTV’s Maria Galang reports
This World’s Darragh MacIntyre confronts Cardinal Sean Brady over allegations that he failed to protect children from sexual abuse by a paedophile priest.The Catholic primate of all-Ireland has said that he will not resign as Church leader despite revelations in the BBC’s This World show.It found Cardinal Sean Brady had names and addresses of those being abused by paedophile priest Brendan Smyth.However, he did not pass on those details to police or parents.Cardinal Brady said he accepted he was part of “an unhelpful culture of deference and silence in society, and the Church”.“With others, I feel betrayed that those who had the authority in the Church to stop Brendan Smyth failed to act on the evidence I gave them,” he said in a statement on Wednesday. “However, I also accept that I was part of an unhelpful culture of deference and silence in society, and the Church, which thankfully is now a thing of the past.”The cardinal said he was “shocked, appalled and outraged” by Smyth and said he had trusted that those with the authority to act in relation to Smyth would treat the evidence seriously and respond appropriately.He accused the BBC of exaggerating his authority in the programme. “The commentary in the programme and much of the coverage of my role in this inquiry gives the impression that I was the only person who knew of the allegations against Brendan Smyth at that time and that because of the office I hold in the Church today I somehow had the power to stop Brendan Smyth in 1975. “I had absolutely no authority over Brendan Smyth. Even my Bishop had limited authority over him. The only people who had authority within the Church to stop Brendan Smyth from having contact with children were his Abbot in the Monastery in Kilnacrott and his Religious Superiors in the Norbertine Order.” He added that he had worked with others in the Church to put these new procedures in place and looked forward to continuing that vital work in the years ahead.Senior Vatican Prosecutor Monsignor Charles Scicluna has defended Cardinal Brady.“My first point is that Fr Brady was a note taker in 1975, he did what he should have done. He forwarded all the information to the people that had the power to act,” he said.“My second point is that in the interest of the Church in Ireland, they need to have Cardinal Brady as the archbishop of Armagh because he has shown determination in promoting child protection policies. You need to have leaders who have learned the hard way and are determined to protect children.”The BBC investigation centres on a secret church inquiry in 1975 when a 14-year-old boy was questioned about abuse.Smyth abused him and others in guesthouses on trips across Ireland.In 1975, Cardinal Brady was a priest and teacher in County Cavan in the Republic of Ireland, when he was sent by his bishop to investigate a claim of child sexual abuse by a fellow priest.That priest was later exposed as Ireland’s most prolific paedophile, Father Brendan Smyth, who died in prison in 1997, one month into a 12 year prison sentence.The first child to tell his parents about the abuse was 14-year-old Brendan Boland. The man tasked with the secret church investigation that followed would later become the most senior priest in Ireland. Sean Brady’s role in the affair became clear in 2010, when it became known that he had been present when the abused boy was questioned. He claimed, however, that the boy’s father had accompanied him, and described his own role as that of a note-taker.However, the BBC This World investigation has uncovered the notes Cardinal Brady took while the boy was questioned. The child’s father was not allowed in the room, and the child was immediately sworn to secrecy. What Cardinal Brady failed to tell anyone in 2010 was that Brendan Boland had also given him and his colleagues the precise details of a group of children, some of whom, were being abused by Smyth. Cardinal Brady did interview one of them and swore him to secrecy. This World spoke to all of the children who Brendan Boland had identified; they all told the programme that to the best of their knowledge none of their parents or families were warned in any way about the paedophile Brendan Smyth. Four of them had been abused by Smyth. Two of them continued to be abused after the 1975 inquiry. One of them – originally from Belfast – told the programme that Smyth continued to abuse him for another year.He also said Smyth abused his sister for a further seven years and then in turn, his four younger cousins, up to 1988.Cardinal Brady did consider his position as Primate of all-Ireland when his role in the secret inquiry was first exposed. The Catholic Church has said that “the sole purpose of the oath” signed by Brendan Boland in Cardinal Brady’s presence was “to give greater force and integrity to the evidence given by Mr Boland against any counter claim by Fr Brendan Smyth”.The church also points out that in 1975, “no state or church guidelines for responding to allegations of child abuse existed in Ireland”.Irish Justice Minister Alan Shatter said the programme’s revelations were “tragic and disturbing”. Abuse victims’ campaigner Marie Collins, who was raped at the age of 13 by a hospital chaplain in Dublin, said Cardinal Brady should resign. “I’m amazed no bishops have come out and said he should go,” she said. “We have priests and theologians being silenced by the Vatican – they can act against people whose views they feel are liberal, but they will not act against someone who not only endangered children but let them be abused. Abuse victim Brendan Boland“If Cardinal Brady came out and espoused the view that women should be ordained, he’d be gone within hours.”Gary O’Sullivan, editor of the Irish Catholic newspaper, said Cardinal Brady had questions to answer. “If a child can see the need to save other children, how come priests, ministers of Christianity, cannot have the same awareness?” he said. “If he wants to stay in this leadership position, he should show leadership and come out and answer these questions because this culture of silence failed children.”BBC News Share FaithInternationalLifestylePrint Cardinal Brady will not resign over ‘abuse failure’ by: – May 2, 2012 Sharing is caring! 26 Views no discussions Share Share Tweet
Spanish Reto Iberdrola club Pozoalbense has confirmed the signing of Tochukwu Oluehi from Nigerian side Rivers Angels for the 2020-21 season. This will bring to an end to the Nigeria international’s six-year journey with the Nigeria Women’s Premier League champions as she looks to return to Europe with the Reto Iberdrola club. Oluehi had enjoyed stints at Belarusian side Bobruichanka Bobruisk, where she debuted in the Uefa Champions League in 2013, before turning out for Norwegian Toppserien club Medkila in 2016. The 33-year-old played for Nigerian clubs Bayelsa Queens, before Sunshine Queens, and later Rivers Angels, who she helped to four domestic titles since 2014 amidst a move to Norway. On the global level, she played thrice at the Women’s World Cup, the 2008 Beijing Olympic Games, the 2007 African Games and four Africa Women’s Cup of Nations, which she won three times. Her biggest career highlights were her three saves from the spot to help the Super Falcons claim the 2018 Awcon in Ghana and the same feat with Rivers Angels to win the 2018 Federation Cup. Having agreed to terms with Pozoalbense, she becomes the ninth signing for Manuel Fernandez’s side as they continue bolstering the ranks in their quest for a Spanish top-flight slot next season. Confirming her signing, the club announced with huge excitement, saying: “It is a complete guarantee of safety under the sticks, thanks to its placement, know-how and experience. “She has enormous cold blood at decisive moments. He transmits a lot of confidence to the defence as he is a very safe goalkeeper in almost all his interventions. Loading… Promoted ContentWhy Go Veg? 7 Reasons To Do ThisBest & Worst Celebrity Endorsed Games Ever MadeThese Hilariously Creative Shower Curtains Will Make Your DayBirds Enjoy Living In A Gallery Space Created For Them7 Universities In The World With The Highest Market Value5 Of The World’s Most Unique Theme Parks7 Black Hole Facts That Will Change Your View Of The Universe7 Ways To Understand Your Girlfriend Better6 Of The Best 90s Shows That Need To Come Back ASAP8 Addictive And Fun Coffee Facts5 Of The World’s Most Unique Theme ParksPlaying Games For Hours Can Do This To Your Body “She has a lot of personalities and does not hesitate at the exits. She holds up well against one-on-one moves and has leadership skills. “She hardly ever gets complicated. Her winning mentality will make her one of the best goalkeepers in the category. “She is always attentive to the movements of the opponents because she has a great intuition to read the plays.” Adding his views, head coach Fernandez, whose side finished seventh last season, also spoke on how valuable the Super Falcons goalkeeper will be to his team. “This is a goalkeeper who brings experience and security to the team,” he stated. “It is essential to have that position with a player as a veteran and of such quality as Tochukwu Oluehi.” read also:Super Falcons wins Best Jersey Of 2019 FIFA Women’s World Cup Aside from Oluehi, Pozoalbense earlier signed Naomi Vagre, Nora de Torres, Bruna Tavares, Sana Guermazi, Laura Vazquez, Ayaka Noguchi and compatriot Evelyn Nwabuoku. Her move swells the list of Nigerians to ply their trades in Spain next season to seven after Asisat Oshoala, Peace Efih, Toni Payne, Chidinma Okeke, Adule Charity, Rita Chikwelu and Nwabuoku. FacebookTwitterWhatsAppEmail分享
New Delhi : Steve Smith and David Warner have been welcomed back to the Australian team with “no tension”, coach Justin Langer said Friday, with the World Cup offering another opportunity for redemption. The duo returned to the national side for a World Cup training camp Friday in Brisbane after serving year-long bans for their part in the “sandpapergate” scandal in Cape Town that rocked cricket.”There is no tension,” a smiling Langer told reporters. “They’re back in the team now. They’ve been selected, which is brilliant.” The duo have enjoyed a solid comeback in the Twenty20 IPL, with Warner in blistering form, topping the competition batting rankings with 692 runs from 12 innings.Langer acknowledged there would need to be some adjustments for the former team leaders, but said the team would be boosted by their experience. “When you come from the titled position of captain then there is going to be a certain degree of humility that comes with that,” he said.”One of our really strong values is humility, so there will be great opportunity to develop that.” The Aussie coach welcomed the selection dilemma Smith and Warner added to the top order, joining Aaron Finch, Usman Khawja and Shaun Marsh, made it “exciting to have those five 100-makers at our disposal”. Australia are the reigning World Cup champions and have been in recent red-hot form winning eight one-day internationals on the trot, against India and Pakistan.”We have had great success in the past. While we celebrate that, it means nothing on how we play this (World Cup),” Langer said.”But I do know that we had a very humbling experience. And we bought it upon ourselves,” he added, reflecting on vision of Smith being “frog-marched out of South Africa”.He said the team needed to use every tournament on the calendar to “make Australians proud of us again”. “We must make the most of every opportunity that comes up, including this World Cup,” he said.The World Cup starts on May 30 in England and Wales. Steve Smith and David Warner are back in Australia camp. David Warner was in prime form during IPL 2019. Australia will play its first game against Afghanistan in World Cup. highlights For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps.
Associated Press Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Sporting events in England could be opened up to spectators starting in October. No fans have been allowed at stadiums since sports resumed in the country in June after a three-month shutdown caused by the coronavirus pandemic.British Prime Minister Boris Johnson says “from October we intend to bring back audiences in stadia … in a COVID-secure way subject to the successful outcome of pilots.”___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports July 17, 2020 The Latest: England wants fans in stadiums in October
AUSTRALIA have a recent track record of letting good starts slip in Test series away from home, but Tim Paine and Justin Langer are determined to avoid a repeat in an Ashes series.The single-minded focus of Australia men’s coach Justin Langer and captain Tim Paine will ensure Australia do not squander their Ashes series lead and repeat the same mistakes the Test side had made in recent history.That’s the pledge from Langer, who spoke on Monday evening after his charges drew first blood in the five-Test Ashes with a remarkable come-from-behind 251-run win at Edgbaston.But the stirring win in Birmingham led by Steve Smith, Pat Cummins and Nathan Lyon will count for nothing if Australia become complacent and let England back into the series with a victory of their own at Lord’s next week.In the past two years, Australia’s Test side had burst out of the blocks on away tours only to let slip their advantage and return home as losers.In February 2017, Australia stunned world No.1 India with a 333-run win inside three days in Pune before the hosts regrouped to win two of the next three Tests to take out the series 2-1.A year later, Mitch Starc’s nine-wicket haul was the catalyst behind Australia’s 118-run win over South Africa in Durban. A loss in Port Elizabeth immediately followed before the events of Cape Town rocked Australian cricket. A huge loss followed in Johannesburg to seal a 3-1 defeat.And last October, under the leadership of Langer and Paine for the first time, Australia dug deep to draw the first Test against Pakistan in Dubai but failed to back it up, losing the second Test and the series in Abu Dhabi.While those results have come in the past two-and-a-half years, Langer knows what it’s like to jump the gun with an emphatic win only to surrender a high-profile series, such as the 2005 Ashes in England.On that unforgettable tour 14 years ago, Australia won the first Test at Lord’s and celebrated by singing the team song in the deserted home team dressing room.That move came back to haunt Langer and his teammates as England rallied behind inspirational all-rounder Andrew Flintoff to produce an upset in one of the greatest Ashes series ever.It’s why when asked how Australia will avoid the complacency of previous tours, Langer said it had already been addressed less than an hour after the win in Birmingham.And that he and Paine will be making sure their troops do not slip up, having fought so hard for the early Ashes ascendency.“We’re aware of those (series losses after leading) so the boys have already talked about it a bit,” Langer said.“We talk about our values … I say it very seriously. Humility is one thing – very important, professionalism, mateship. You’ll see plenty of mateship in the change room right now which is half the reason we play the game.“Keep being honest about where we’re at, we’ve still only won one Test match.“And we’ve got a captain who is that focussed in there, and he’s the best wicketkeeper in the world.“You’ve just seen it. You’ve seen those catches today. He’s the best wicketkeeper in the world.“He’s a brilliant leader, a great bloke but I thought tactically he was superb. He is so focussed in this series; so there is no way he is going to let it slip and I guarantee you, I’m not going to let it slip either.”Paine was short and to the point when summing up the win in Birmingham as Australia move to Worcester for a three-day game to prepare for the second Test at Lord’s.“There are still four Tests to go and we aren’t here to win the first Test at Edgbaston – we’re here to win the Ashes.”
Ronaldinho Former Brazil forward Ronaldinho is being held by police in Paraguay for allegedly using a fake passport to enter the country, authorities announced Thursday.Police searched a hotel in the capital, Asuncion, on Wednesday, where the star had been staying with his brother.Paraguay’s interior minister told ESPN Brazil that the pair had not been arrested but are under investigation. Minister Euclides Acevedo also said they deny wrongdoing and are co-operating with the authorities.In July 2019, the player reportedly had his Brazilian and Spanish passports confiscated over unpaid taxes and non-payment of fines for illegally building on a nature reserve.The 39-year-old twice World Player Of The Year had travelled to Paraguay to promote a book and a campaign for underprivileged children.Another man who travelled with the brothers – 45-year-old Wilmondes Sousa Lira – has also been held.Ronaldinho was the 2004 and 2005 World Player of the Year and enjoyed the prime of his career at Spanish giants Barcelona. He won the World Cup in 2002 alongside fellow superstar forwards Ronaldo and Rivaldo.Ronaldinho’s net worth is estimated at £80-100m and he is reported to charge around £150,000 for a single promoted Instagram post.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram
For fifth-year senior Melissa Talbot, deciding on one sport was just too difficult — that’s why track and field was the perfect choice.”I like to do a lot of things to keep myself interested,” Talbot said. “Sometimes if you’re just a runner, it’s easy to get bored with that. But doing the heptathlon and pentathlon … that gives me the chance to work hard at several different aspects of the sport.”Talbot is no stranger to being good at multiple areas on the track.As a senior at Freedom (Wis.) High School, Talbot won a state title in four different events. She won three times in the 300 low hurdles and repeated in the 100 high hurdles, to go along with titles in the 200 meters and the long jump.Such a résumé garnered Talbot, the 2002 Wisconsin State Track Athlete of the Year, recruitment from several schools across the country. However, none of them was Wisconsin.”I knew I wanted to come here for school,” Talbot said. “So I applied, and after I got accepted I called up the coach and told him I was going to school and was interested in being on the team.”After that conversation, Talbot was told she would be a recruited walk-on, meaning she didn’t get fully recruited, but the staff knew who she was on the first day of tryouts. “That was the case for a lot of freshmen my first year,” Talbot said. “A lot of us were either walk-ons or recruited walk-ons.”Her freshman year on campus, Talbot finished fourth at the Big Ten indoor meet in the 400 hurdles with a time of 59:31. Then Talbot switched things up her sophomore year and changed her focus to the pentathlon for the indoor season and the heptathlon for outdoors.That season was when Talbot put her name among the elite of Big Ten women’s track, becoming the Big Ten champion in both the pentathlon and heptathlon.”Sophomore year was a great step in my career,” Talbot said. “But I think I might have overdone it a bit, since I had to sit out that next indoor season.”Talbot was forced to redshirt what would have been her junior indoor season with a hamstring injury. Then, just a year later, she would sit out the outdoor season to recover from a shoulder surgery.”Pentathlon and heptathlon is too hard to do every weekend,” Talbot said. “You just can’t physically do it. But on my off weekends I’ll still compete. Sometimes it will be hurdles, other times a relay — whatever they need for the team to finish better. I’ll jump in and do what I can.”Now in her final season, Talbot is hoping to make the best of what she has left. She started off on the right foot by finishing third in the pentathlon at the NCAA indoor meet last month to earn her first All American award.”It was pretty much a huge surprise for me,” Talbot said of her third-place finish. “I’ve always thought of the outdoor being my strong suit. Usually after the high jump I’m sitting near the bottom, but after the high jump at the NCAAs I was sitting pretty good. It was just my day.”Talbot believes her strong indoor performance will carry over into the outdoor season. Before having to redshirt last year during the outdoor, Talbot was the two-time defending Big Ten champion in the heptathlon. After finishing 19th in the event at the 2005 NCAA outdoor meet, Talbot knows this is her last chance to shine.”You just have to bring it and give it your all,” she said. “Hopefully that will be in a couple of months and I can finish my career off on a high note.”Track and field spring breakThis weekend, the UW men’s and women’s track and field teams are starting off their spring break just like many other students — they are heading for warmer weather. Both teams are sending athletes to compete in two different invitationals. Some will compete in the two-day Stanford Invitational in Palo Alto, Calif., while others are heading south to compete Saturday in the Georgia Tech Yellow Jacket Invitational in Atlanta, Ga.”For some guys this will be their first meet of the outdoor season,” men’s head coach Ed Nuttycombe said. “It’s an opportunity for us to get our outdoor season started. It’s also an opportunity for some of them to take a step towards improvement.”Many members of the team will spend their spring break either in the south or west to help them both physically as well as mentally make the change from the indoor season to the outdoor.”It’s nice to have back-to-back meets in the south,” Nuttycombe said. “It will give us the chance to move outside and to get comfortable with the outdoor setting.”Also, both meets will feature some big-time competition, as teams from the Pac-10, Big 12, Big Ten, SEC and ACC will be competing. Yet still early in the outdoor season, the Badgers know it is too early to tell how they will fare come postseason.”We’re not expecting any tremendous races,” Nuttycombe said. “Obviously we’ll take any huge marks we get, but this is more of a time to convert from indoor to outdoor for both teams.”