10 months agoKenyon consortium to drop Newcastle takeover bid

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Kenyon consortium to drop Newcastle takeover bidby Paul Vegas10 months agoSend to a friendShare the lovePeter Kenyon’s consortium is set to drop their takeover bid of Newcastle.The Sun says his offer is still £100million adrift of Mike Ashley’s asking price.Former Manchester United and Chelsea chief Kenyon has come up with a way of increasing the original £200m he and his consortium have at their disposal.But extraordinarily, for owner Ashley to get the £300m he wants, Newcastle would have to qualify for the Champions League in the next decade.Kenyon has been working with the American Rockerfeller Capital Management to raise extra cash but the additional £100m would depend on the club reaching certain goals.One of them would be to finish in the Prem top four within ten years.Ashley has rejected that suggestion, wanting all the money up front. last_img read more

a month agoRB Leipzig coach Nagelsmann has dig at Everton over Lookman treatment

first_imgRB Leipzig coach Nagelsmann has dig at Everton over Lookman treatmentby Paul Vegasa month agoSend to a friendShare the loveRB Leipzig coach Julien Nagelsmann has had a dig at Everton over their summer arrival Ademola Lookman.The 21-year-old has made just one substitute appearance since returning to Leipzig in July.“Some (new signings) still need a bit of development time because they did not have the regular game time at their previous clubs,” Nagelsmann told Kicker.“Experience has shown that newcomers usually take a little longer to get along with what I want.“We have many video sequences with text attached. And then it is not easy if you can’t speak the language yet.“With a player like Ademola Lookman, who played very little at Everton, it takes more time than with Christopher Nkunku, who made 29 games at PSG last year. That’s completely normal.” About the authorPaul VegasShare the loveHave your saylast_img read more

Scorpio Bulkers Disposes of Kamsarmax Duo

first_imgImage Courtesy: Scorpio BulkersNYSE-listed dry bulk owner and operator Scorpio Bulkers has entered into agreements to sell its two 2014-built Kamsarmax vessels SBI Cakewalk and SBI Charleston.Under the deal reached with unaffiliated third parties, the ships will be sold for some USD 45 million in total.Featuring 81,600 dwt, the ships, which were built by Chinese Jiangnan Shanghai Changxing Heavy Industries, were added to Scorpio Bulkers’ fleet in August and September 2014, respectively.According to data provided by VesselsValue, SBI Cakewalk has a market value of USD 22.1 million, while SBI Charleston’s market value stands at USD 22.3 million.Following the completion of the sales, Scorpio Bulkers will own a fleet of 46 vessels, consisting of 18 Kamsarmax and 28 Ultramax ships, with a total carrying capacity of 3.2 million deadweight tonnes.last_img read more

Canadian airline profits will fall in 2018 on higher costs Conference Board

first_imgMONTREAL – Canada’s airline profitability, which reached a 20-year high last year, is expected to soften due to higher fuel and labour costs, according to a Conference Board of Canada report.Airline pre-tax profits are forecast to drop 27 per cent to $1.32 billion as increasing costs outpace higher revenues that are forecast to approach $32 billion.Canadian airlines posted their highest revenues and profits last year since the board began collecting data in 1997.“Some of the main tailwinds Canada’s air transportation industry has benefited from in the past two years, primarily low fuel costs and a weaker loonie that is bolstering U.S. and foreign demand, will slowly reverse themselves over the next five years,” stated Conference Board economist Sabrina Bond.Still, she said that shouldn’t put the industry’s expansion and profitability at risk as air travel demand continues to grow because of strengthening employment in Canada and the United States.The Conference Board said fuel, which accounts for about a third of airline costs, will rise while employee costs will grow as new or expanded routes will require the hiring of 6,000 more people over the next five years.By 2022, the industry is expected to generate about $1.37 billion of pre-tax earnings on nearly $38 billion of revenues.The Conference Board said a continued expansion of domestic and international capacity has been a key driver of the improved revenues for the industry’s largest airlines.Strong demand and growing connecting traffic through its three hubs in Canada are expected to result in another good year in 2018, Air Canada CEO Calin Rovinescu said during a February conference call.Canadian airports served 139.4 million passengers last year, up 5.4 per cent from 2016 and 37 per cent higher than a decade ago. The loonie’s softness helped boost international air travel in 2017, when a record 5.7 million U.S. residents flew to Canada last year.Most of the gains in U.S. travellers were serviced by Canadian airlines, which now supply seats for two-thirds of U.S. visitors.The number of non-U.S. international travellers increased to a record 6.7 million last year. While Europeans remained the largest group, more visitors from Asia, particularly China and India, have narrowed the gap. Canadian airlines added 5.9 per cent more seats to international destinations in 2017, which represents a 60 per cent growth over the last five years.A strong Canadian economy contributed to a 4.2 per cent increase in domestic travel by Canadians as nearly 77 million passengers flew within the country.The Conference Board expects the Canadian airline industry’s growth will continue, but at a slower pace as a forecasted modest appreciation in the Canadian dollar will remove some of the incentive for foreign travellers.Global airline net profits are expected to reach a record US$38.4 billion this year, defying the traditional cyclical downturn that comes about every eight years, says Julie Perovic, the senior economist for the International Air Transportation Association.Robust operating margins in North America have contributed about half of the industry’s profitability over the last couple of years.The last downturn was in 2009, around the time of the global financial crisis, but she said there probably isn’t a need for concern at the moment.“We’ve seen quite strong global economic growth or GDP over the past couple of years and we feel that that is going to continue into 2018 and it’s going to help us sustain further growth in air travel markets,” she told an IATA conference this week in Montreal.Global demand is expected to slip to around six per cent from 7.5 per cent in 2017.Still, she said rising costs are a key concern. Jet fuel is expected to increase a little more than crude to about US$74 per barrel from US$65 last year. Non-fuel costs, including labour, are forecast to more than double from two per cent in 2017.Follow @RossMarowits on Twitter.last_img read more

BC Emergency Alerting System Test May 8 2019

first_imgVICTORIA, B.C. – The Alert Ready system will be tested in B.C. today, Wednesday, May 8 at 1:55 p.m.One of the ways the Province is supporting Emergency Preparedness Week is by participating in national public safety emergency notification system testing.The Alert Ready system will be tested in B.C. on Wednesday, May 8 at 1:55 p.m. During the test, an alert will be broadcast on radio and television stations, as well as on compatible wireless devices. This testing is designed to assess the system’s readiness for an actual emergency and identify any adjustments that need to be made. ‘This is a TEST of the British Columbia Emergency Alerting System, issued by Emergency Management British Columbia. This is ONLY a TEST. If this had been an actual emergency or threat, you would now hear instructions that would assist you to protect you and your family. For further information go to www.emergencyinfobc.gov.bc.ca. This is ONLY a TEST, no action is required.’Do not call 911 for additional information about the test. Using 911 for non-emergency calls could delay help for people experiencing real emergencies.For more information on the Alert Ready testing; CLICK HEREAlert Ready frequently asked questions; CLICK HERElast_img read more

Police identify Dease Lake victim and charge Kam McLeod and Bryer Schmegelsky

first_imgIn consultation with the BC Prosecution Service, 19-year-old Kam McLeod and 18-year-old Bryer Schmegelsky, have now been charged with one count of 2nd-degree murder for the death of Leonard Dyck.  The RCMP have not yet laid charges in relation to the deaths of Lucas Folwer and Chyna Desse.As a result of the charges, Canada-wide warrants have been issued for Kam McLeod and Bryer Schmegelsky. RCMP investigators across the country continue to share information with other law enforcement agencies as the suspects remain at large. There are concurrent investigations in Saskatchewan and Manitoba into the sightings reported to the police of the two suspects. Saskatchewan RCMP had received reports of the suspects being spotted in Meadow Lake, Saskatchewan on July 21. On July 24, Manitoba RCMP confirmed that the RAV4 the pair were travelling in, was recovered on fire in the Gillam area in the Northern part of the province in the evening of July 22.We continue to ask the public to remain vigilant for Kam McLeod and Bryer Schmegelsky and consider them to be armed and dangerous. The two may be using a different vehicle, on foot or even travelling separately. If they are spotted, do not approach, call 9-1-1 or your local police immediately. DEASE LAKE, B.C. – The RCMP have confirmed the identity of the man found near Dease Lake.Police can now confirm that the man discovered deceased on July 19, 2019, at a Highway pullout about two kilometres south of the vehicle fire south of Stikine River Bridge on Highway 37 is Leonard Dyck from Vancouver, BC.BC RCMP are releasing a photo of Len and expanding their request for any additional information from anyone who may have spoken to Len during his travels in northern BC.center_img The BC RCMP Major Crime tiplines remain open in support of the Leonard Dyck, Lucas Fowler and Chynna Deese homicide investigations. Anyone with information is asked to call 1-877-543-4822 or 778-290-5291.The Dyck family have been notified and they wish to provide the following statement:“We are truly heartbroken by the sudden and tragic loss of Len. He was a loving husband and father. His death has created unthinkable grief and we are struggling to understand what has happened. While we understand there will be interest in knowing more about him and the impact he had during his life, we are asking for the public and the media to please respect our privacy during this difficult time.”last_img read more

Wont allow Bangladeshi soil to be used by any terror outfit Hasina

first_imgDhaka: Bangladesh Prime Minister Sheikh Hasina on Monday assured her Indian counterpart Narendra Modi that her government would never allow the country’s soil to be used by any terrorist organisation under its “zero tolerance policy”. Dhaka was firmly committed to stamp out terrorism from the South Asian region through bilateral, regional and multilateral cooperation, she said after jointly inaugurating four projects in Bangladesh with Prime Minister Modi through video-conferencing. Terming the spread of radicalism as a “grave threat” not only to the two countries but to the entire region, India and Bangladesh last year resolved to step up anti-terror cooperation. “We remain steadfast in our resolve to root out the scourge of terrorism from our region and beyond through bilateral, regional and multilateral cooperation,” Hasina said. The Bangladesh premier said her government would never allow Bangladesh soil to be used by any terrorist organisation under its “zero tolerance policy” against terrorism “in all its forms and manifestations”. Hasina also expressed her “utmost sympathy” for the family members of the Indian paramilitary police personnel who were killed in last month’s terror attack in Pulwama in Kashmir. “We reiterate our strong condemnation of this dastardly act,” she said. A suicide bomber of Pakistan-based Jaish-e-Muhammed killed 40 CRPF personnel in Kashmir’s Pulwama district on February 14, the incident led to flaring up of tensions between India and Pakistan. Hasina said that the relations between Dhaka and New Delhi is now a “role model” of good neighbours for the rest of the world as a result of multi-faceted and multi-dimensional cooperation. “I strongly believe this momentum will continue,” she said. The Bangladesh premier said over the last decade, two countries have witnessed remarkable progress on cooperation in different conventional and unconventional areas like security, power, trade and commerce, energy, connectivity, infrastructure development, environment, renewable energy, education, culture, people-to-people contact and health. She said at the same time, the two countries have expanded cooperation in new areas like blue economy and maritime cooperation, peaceful uses of the nuclear energy, cooperation in outer space, internet bandwidth sharing, cyber security etc. The two prime ministers joined the video-conferencing from their offices in Dhaka and New Delhi and jointly inaugurated the four projects by unveiling the e-plaques. The four projects launched on Monday include, supply of Double Decker and Single Decker AC and Non-AC Buses and Trucks to Bangladesh Road Transport Corporation (under the second Line of Credit); 36 Community Clinics in five north and northeastern Bangladesh districts bordering India with an aid from Indian government; setting up of 11 Water Treatment Plants in two southwestern cities and the extension of India’s National Knowledge Network (NKN) to Bangladesh. The NKN is a multi-gigabit National Research and Education Network (NREN) which provides a unified high speed network backbone for educational institutions in India. Apart from Hasina and Modi, Bangladesh Foreign Minister A K Abdul Momen and his Indian counterpart Sushama Swaraj also spoke through video-conferenceing.last_img read more

Zidanes second coming at Madrid like winning a trophy

first_imgMADRID: Real Madrid’s players feel like they have won a trophy following Zinedine Zidane’s return to the club after a troubling 10-month spell in the wake his departure, defender Alvaro Odriozola said.Zidane resigned as Madrid coach last May after winning a third consecutive Champions League title, but the Frenchman made a remarkable comeback earlier this month when Santiago Solari was sacked.That was less than five months after Julen Lopetegui was also removed from the role due to disappointing results. Also Read – Puducherry on top after 8-wkt win over ChandigarhThe European champions, who were knocked out of this year’s Champions League in the last 16 by Ajax Amsterdam after a chastening 4-1 defeat, enjoyed a therapeutic 2-0 win over Celta Vigo in Zidane’s first game back in charge.They will be looking to extend the positive feeling his return has brought when they host Huesca on Sunday.”Zidane’s return has reignited the hopes of supporters and for us it’s practically like winning a trophy, we are very happy,” Odriozola said in an interview with website La Galerna.”We have talked about what he likes about my game and about my weak points, ‘Zizou’ always tells you the truth and players appreciate sincerity like that.” Madrid are 12 points behind runaway La Liga leaders Barcelona and have no realistic prospect of winning a trophy this season after they were also eliminated in the Copa del Rey semi-finals by Barca.last_img read more

Mamata slams Yogi for calling Indian Army Modi ji ki sena

first_imgKolkata: Chief Minister Mamata Banerjee lashed out at her Uttar Pradesh counterpart Yogi Adityanath for reportedly referring to the Indian Army as “Modi ji ki sena”, saying it was an “insult” and humiliation for the force.Chief Minister tweeted: “It is shocking to hear the UP CM saying that the Indian Army is the ‘Modi Sena’. Such blatant personalisation and usurping of our beloved Indian Army is an insult and a humiliation. We are proud of our Army. They belong to all. People of this country must stand up and reject this statement.” Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari PujaIt has become a trend for BJP leaders to talk about the air strikes during election campaigns despite severe criticism by the Opposition. In Chennai, Prime Minister Narendra Modi had recently addressed a gathering and on the backdrop of the dais, there were pictures of jawans who died in the Pulwama terror attack. Banerjee said such blatant personalisation should be condemned. Earlier, she had alleged BJP leaders, spearheaded by Modi, are referring to the achievements of Indian Army to divert the attention of the people from core issues. Also Read – Bengal civic volunteer dies in road mishap on national highwayIn another tweet on the foundation day of the Reserve Bank of India, Banerjee said the dignity of the RBI has diminished. She called for maintaining “the sanctity” of the central bank along with other institutions. “On this day in 1935, the Reserve Bank of India was established. Best wishes to all the employees of @RBI on this occasion. We have seen in recent times, how the dignity of this institution was diminished. The sanctity of these high offices must be maintained,” she tweeted. The RBI headquarters was initially established in Kolkata but in 1937 it was moved to Mumbai. Banerjee said time and again under the BJP’s autocratic rule the sanctity of the institutions had been ruined and they are working as a tool of the saffron brigade. Within half-an-hour, after Narendra Modi banned high-value currency notes, Banerjee had said it would severely affect the economic growth of the country. Later, many economists from India and abroad also said demonetisation would impede the nation’s economic health. At that time, Banerjee had also taken part in a dharna outside the RBI in Delhi. She wanted to know whether RBI officials were informed about the decision or not. Senior officials of RBI did not open their mouth but with time it came to light that no discussion with the then Governor RBI Urjit Patel was held before the announcement. Banerjee also alleged that institutions such as the Central Bureau of Investigation, Enforcement Directorate and the Directorate of Revenue Intelligence have been used to harass the Opposition leaders. Whenever the Opposition leaders raise their voice and ask questions about the failures of the Centre, the BJP use these institutions against these leaders to scare them. Yogi’s remark also provoked condemnation from the Congress, which called it an insult to the armed forces. The Election Commission has sought a report from the Ghaziabad district magistrate on the Uttar Pradesh Chief Minister’s remark at a rally on Sunday, as it may violate the election code.last_img read more

Dukes Lehigh Loss Was Bad But Mercer Was Worser

Some upsets aren’t as big as the seed lines suggest; some are bigger. Two years ago, the No. 2-seeded Duke Blue Devils were upset by No. 15 Lehigh in the first round of the NCAA tournament. But Duke was the weakest No. 2 seed in 2012, according to the FiveThirtyEight projections that year, whereas Lehigh was unusually strong for a No. 15. Our model had given Lehigh a 10 percent chance of winning.Something of the same pattern held last season when No. 2 Georgetown lost to No. 15 Florida Gulf Coast in the first round. Georgetown was just the 15th-best team in the country, according to our ratings, and was badly overseeded as a No. 2. Our model gave that upset a 10 percent chance of occurring as well.This afternoon, as a No. 3 seed, Duke lost to 14th-seeded Mercer — but the Blue Devils (and the FiveThirtyEight model) have fewer excuses. In fact, Duke was the strongest No. 3 by some margin this year, according to our ratings and other indices like Ken Pomeroy’s power ratings. Our projections had Mercer with just a 7 percent chance of winning before the game began. read more