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first_imgPanaji: Goa Congress president Shantaram Naik on Saturday said toppling the BJP-led coalition government would not be his priority, but the Congress is sure that the government will collapse on its own.Talking to reporters at the Congress House after taking charge from his predecessor Luizinho Faleiro, Mr. Naik, who is shortly going to complete his term as the Rajya Sabha MP from Goa, said once the government collapses, the Congress will not shirk its responsibility in forming a government. “And may I mention that I was the first person to use an IPad while giving a speech in the Rajya Sabha. All others started later on,” Mr. Naik said. When asked about the BJP, which despite coming down from 21 to 13 in the Assembly election of February, formed the government, while the Congress has been languishing as Opposition, Mr. Naik said, “My priority is to build the party.”last_img read more

first_imgA day after reports of an alleged incident of a Sikh girl being kidnapped and forced to convert to Islam in Pakistan, Punjab Chief Minister Amarinder Singh asked Pakistan Prime Minister Imran Khan to take a firm action against the perpetratorsCapt. Amarinder also urged the External Affairs Minister S Jaishankar to take up the issue with his Pakistani counterpart.Capt. Amarinder Singh on Friday took to Twitter, saying “Shocking incident of a Sikh girl being kidnapped & forced to convert to Islam in Nankana Sahib, Pakistan. Call upon @ImranKhanPTI to take firm and immediate action against the perpetrators. Request @DrS Jaishankar to strongly take up the issue with his counterpart at the earliest,”Mr. Singh tagged a video, which showed the girl’s family claiming that she was kidnapped and forcibly converted to Islam in Nankana Sahib.Sukhbir expresses concernShiromani Akali Dal president Sukhbir Singh Badal expressed serious concern over the safety of minorities in Pakistan in the backdrop of the incident.“Safety of minorities has become a big issue in Pakistan. Minorities are not feeling safe in Pakistan, especially Sikhs. The incident of abducting and forcibly converting a Sikh girl is atrocious. Strict action should be taken against those who are involved,” he said.last_img read more

first_imgUPLB exempted from SEA Games class suspension Brace for potentially devastating typhoon approaching PH – NDRRMC View comments Makabayan bloc: Duterte suspension order on rice importation only a ‘media stunt’ PLAY LIST 02:46Makabayan bloc: Duterte suspension order on rice importation only a ‘media stunt’00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games LOOK: Venues for 2019 SEA Games It was already Belga’s sixth flagrant foul and seventh technical foul for this season.The Sorsogon native will serve his suspension on the Elasto Painters’ game against TNT on Sunday.FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout Don’t miss out on the latest news and information. Photo by Tristan Tamayo/ INQUIRER.netRain or Shine center Beau Belga has been slapped a P17,500 fine and a one-game suspension following his ejection on Sunday.Already charged with a technical foul early in the game, the burly big man was whistled with a flagrant foul penalty one after a skirmish with Kia center Jason Ballesteros midway through the third quarter which led to his ouster.ADVERTISEMENT SEA Games in Calabarzon safe, secure – Solcom chief Read Next WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding LATEST STORIES NCAA: Perpetual Help extends Arellano’s slide Man sworn in as lawyer by judge who sentenced him to prison as a teen 20 years ago Flags of SEA Games countries raised at Athletes Village Catriona Gray spends Thanksgiving by preparing meals for people with illnesses MOST READlast_img read more

first_imgNo.19 in Goal’s Top 20 A-League players will be named on Tuesday. A-League Goal’s Top 20 A-League players: No.20 – Matt McKay Kieran Francis Last updated 2 years ago 10:37 12/9/2017 FacebookTwitterRedditcopy Comments(0) Matt McKay Brisbane Roar A-League Brisbane Roar Australia Goal will countdown the top 20 players currently playing in the A-League, as voted by its Australian journalists 20. MATT MCKAY | Brisbane RoarAge: 34Nationality: AustralianPosition: Central MidfieldA-League apps: 222 (Brisbane Roar)A-League goals: 20 (Brisbane Roar)Other clubs: Changchun Yatai (China), Rangers (Scotland), Busan IPark (Korea)Achievements: A-League champions (Brisbane Roar – 2010-11, 2013-14), A-League premiers (Brisbane Roar – 2010-11, 2013-14), PFA Footballer of the Year (2010-11)WHAT YOU SHOULD KNOWMcKay has carved out a truly remarkable career in heart of the Roar midfield since making his debut as 22-year-old in 2005.He has started an extraordinary 221 times out of his 222 appearances for the club – showing his importance to the functionality of their engine room over a long period of time.The Brisbane local is a box-to-box midfielder able to contribute in both attack and defence, but can also fill in at left wing and left full back. Article continues below Editors’ Picks ‘I’m getting better’ – Can Man Utd flop Fred save his Old Trafford career? Why Barcelona god Messi will never be worshipped in the same way in Argentina Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Even at the age of 34, McKay’s workrate and ability to link defence and attack is a joy to behold.Matt McKay Australia World Cup qualifyingHe was a crucial part of the Roar’s stunning success – anchoring the 2010-11 and 2013-14 doubles won by the club.McKay has earned 59 caps for the Socceroos and was a part of the team’s 2015 Asian Cup victory.2017-18 PROSPECTSMcKay turns 35 early next year and you would expect Roar coach John Aloisi to start considering a succession plan for the veteran.While he should start the season as a locked-in starter every week, expect 18-year-old Joe Calletti, who has similar attributes, to get more game time as the season progresses.Always the professional, it’s likely McKay isn’t finished as a strong contributor and will have an important part to play in the Roar’s campaign.last_img read more

first_imgTransfers Galaxy sign Venezuela defender Feltscher Ben Valentine @bvalentine14 06:55 12/20/17 FacebookTwitterRedditcopy Comments(0) Rolf Feltscher Venezuela ALEJANDRO PAGNI/AFP/Getty Images Transfers LA Galaxy MLS The Galaxy have signed the 27-year-old veteran, who was last at Cardiff City, on free transfer The LA Galaxy have signed Rolf Feltscher on free transfer, the MLS side announced Tuesday.Terms of the deal between the Galaxy and the 27-year-old Venezuela international were not disclosed.“Rolf is a talented outside back who has had success playing in top leagues in Europe and for the Venezuelan national team,” Galaxy head coach Sigi Schmid said in a statement. “We think highly of his soccer pedigree, his versatility and the skills he brings to our team. He will be another piece in building our back line. We are excited he is joining the LA Galaxy team.” Article continues below Editors’ Picks Lyon treble & England heartbreak: The full story behind Lucy Bronze’s dramatic 2019 Liverpool v Man City is now the league’s biggest rivalry and the bitterness is growing Megan Rapinoe: Born & brilliant in the U.S.A. A Liverpool legend in the making: Behind Virgil van Dijk’s remarkable rise to world’s best player Feltscher was last with Cardiff City, having earned a short-term contract with the club after impressing on trial. However, he did not make an appearance for the Championship side, making a pair of benches during his stay there.His contract was set to come to an end in January, freeing him up to join the Galaxy prior to the start of the 2018 MLS season.Prior to Cardiff, the defender had spells in the second divisions of Spain, Germany and Italy, along with time in the top division of Switzerland, the country of his birth. He also made a few appearances in Serie A with Parma between 2010-12.Feltscher has made 19 appearances for Venezuela internationally after representing Switzerland at the youth levels. He featured during the Copa America Centenario and Venezuela’s ultimately unsuccessful 2018 World Cup qualification attempt out of South America.After a poor season that saw the Galaxy miss the playoffs, the team is looking to overhaul its back line. Feltscher will join new signing Jorgen Skjelvik. The Galaxy also acquired the rights to David Bingham, though they must still sign him to a new contract.last_img read more

first_img Read more Read more Parramatta didn’t make a dent on the scoreboard but did manage to get under the skin of Melbourne skipper Cameron Smith, who was sent to the sin bin during their 32-0 NRL semi-final win at AAMI Park.For just the second time in his record-breaking 412-game career, Smith was given a 10 minute time-out for lashing out at Reed Mahoney with 11 minutes remaining in Saturday night’s first half. Smith reacted to the Eels’ hooker grabbing hold of his jumper in back play, frustratingly slapping his hands away while assistant referee Grant Atkins watched on from nearby. One of his hands looked to have come in contact with Mahoney’s forehead. Share via Email Ditching finals bans not answer to NRL’s mixed messaging on toughness Matt Cleary The Storm led 22-0 at the break but the Eels were brave in the second 40 minutes, especially considering they at one point had just one player on their bench after losing Clint Gutherson, Marata Niukore and Tepai Moeroa to head injury assessments within 30 seconds. The Storm will meet the Roosters and former teammate Cooper Cronk at the SCG next Saturday night for a spot in the grand final. All year, the Storm and Roosters have been the teams to beat and many predicted they would meet again in the grand final, but Melbourne’s loss to the Raiders pushed them to the other side of the draw. The Eels racked up the biggest finals win in last week’s 58-0 thrashing of Brisbane and, at one point, that mark looked under threat from the Storm. And the margin would have been much bigger had Smith (one from six) and Munster (none from one) not been so wayward with the boot. Melbourne Storm match reports … we have a small favour to ask. More people are reading and supporting The Guardian’s independent, investigative journalism than ever before. And unlike many new organisations, we have chosen an approach that allows us to keep our journalism accessible to all, regardless of where they live or what they can afford. But we need your ongoing support to keep working as we do.The Guardian will engage with the most critical issues of our time – from the escalating climate catastrophe to widespread inequality to the influence of big tech on our lives. At a time when factual information is a necessity, we believe that each of us, around the world, deserves access to accurate reporting with integrity at its heart.Our editorial independence means we set our own agenda and voice our own opinions. Guardian journalism is free from commercial and political bias and not influenced by billionaire owners or shareholders. This means we can give a voice to those less heard, explore where others turn away, and rigorously challenge those in power.We need your support to keep delivering quality journalism, to maintain our openness and to protect our precious independence. Every reader contribution, big or small, is so valuable. Support The Guardian from as little as $1 – and it only takes a minute. Thank you. NRL Topics Parramatta Eels Share on Pinterestcenter_img Share on Facebook Australia sport Sportwatch: Storm beat Eels in NRL, GWS beat Collingwood in AFL – as it happened Rugby league Since you’re here… Share on Twitter Share on Messenger Referee Ben Cummins marched the Storm veteran, whose only other sin bin came in round four last year for back-chatting referee Matt Cecchin in their clash with Cronulla.Rugby league commentator Phil Gould was outraged by the decision.“I think he’s trying to slap at his arm and he just catches him in the forehead but it’s a nothing – it’s an absolute nothing, an absolute nothing, an absolute nothing. What a disgrace,” Gould said on the Nine Network.Smith is likely to be charged with contrary conduct, which might be a $1500 fine if the match review committee give him the same penalty as South Sydney’s Cody Walker. The Rabbitohs’ playmaker was sin binned for a similar offence in Friday night’s finals win over Manly. If he is charged with striking, Smith might miss game time, with a grade-one charge carrying a 200-point base penalty.In 2008, Smith missed Melbourne’s 40-0 grand-final loss to Manly through suspension. Smith was rubbed out for two weeks for a grapple tackle during the Storm’s semi-final win over Brisbane, causing him to miss the rest of the finals series.Despite the drama, Melbourne have set up a NRL preliminary final blockbuster against the Sydney Roosters. The Eels had no answer as they were blown off AAMI Park in the first half on Saturday night in a game that was full of twists and turns. Importantly for Craig Bellamy’s team, it was a big bounce back after last week’s upset loss to Canberra. Winger Josh Addo-Carr was the villain against the Raiders after his mistake in possession led to John Bateman’s match-winning try. But he quickly regained hero status, scoring two four-pointers in a starring effort. Share on WhatsApp Support The Guardian Share on LinkedIn Reuse this contentlast_img read more

first_imgAbout the authorFreddie TaylorShare the loveHave your say Liverpool ‘can’t complain’ about Adrian signing says Achterbergby Freddie Taylor15 days agoSend to a friendShare the loveLiverpool goalkeeper coach John Achterberg says the club should be delighted with the signing of Adrian.The Reds have won every game this season with Adrian in goals following an injury to Alisson in the opening day win over Norwich City.Achterberg told the Liverpool Echo of Adrian: “He had to come in from West Ham and he had to settle quickly.”Everything he has done so far has been really good, we have not been able to complain much at all. It’s a different style of play, with West Ham he had to kick the ball long 90 per cent of the time, but we ask him to be calm on the ball and play out from the back.”To be fair, he has picked it up really quickly. He has adapted fast, even though he had a lot of experience playing in the Premier League.”It has helped him a lot to settle quickly. He is a calm and confident guy but also a really good guy. He fits in well, I would say. Big credit to him and what he has done. It has been really good, so we cannot complain.” last_img read more

first_imgStory Highlights This was disclosed by Minister of Justice, Hon. Delroy Chuck, during his contribution to the 2019/20 Sectoral Debate in the House of Representatives on May 21. Legal assistance was provided for 2,484 cases in the Parish Courts during the 2018/2019 Fiscal Year by the Legal Aid Council. This represents a 17.3 per cent increase in Legal Aid Services in the Parish Courts from the previous Fiscal Year. Legal assistance was provided for 2,484 cases in the Parish Courts during the 2018/2019 Fiscal Year by the Legal Aid Council.This represents a 17.3 per cent increase in Legal Aid Services in the Parish Courts from the previous Fiscal Year.This was disclosed by Minister of Justice, Hon. Delroy Chuck, during his contribution to the 2019/20 Sectoral Debate in the House of Representatives on May 21.“Legal aid representation was also provided for 2,821 persons who were unable to afford legal fees, through Duty Counsel Representation. We also provided legal aid to 385 persons living with a mental illness,” Mr. Chuck said.He also informed that the Mobile Justice Unit has done its share of work, visiting 100 communities across Jamaica, with more than 3,000 residents receiving counsel as a result of these visits.Meanwhile, Minister Chuck said two additional mobile units will be commissioned by the end of the financial year. The units are being funded by the Canadian Government.last_img read more

first_imgzoom Euronav announced that it has entered into a contract to acquire fifteen (15) Very Large Crude Carriers (VLCC) from Maersk Tankers Singapore Pte Ltd for a total acquisition price of USD 980 million payable as the vessels are being delivered.The vessels have an average age of 4 years and will expand the large tanker fleet of Euronav made of 1 ULCC, 11 VLCCs and 23 Suezmaxes. The vessels will be operated in the Tankers International VLCC Pool of which Euronav is a founding member. The outlook for the large crude tanker market has improved significantly over the last months indicating a resurgence of demand and an improved near term outlook.Each vessel will be sold under the industry standard sale form as a stand-alone asset with deliveries taking place between late January and June with the exception of one vessel currently under charter, which will be delivered towards the end of the year.Euronav considers the acquisition as a first step towards a wider consolidation of the world tanker fleet, with the concurrent benefits of synergy and logistical enhancement to the benefit of all stakeholders. A further press release will follow in relation to the financing of this acquisition, until which time the company will continue its request for suspension of the trading of the share.Euronav NV was advised on the acquisition by RMK Maritime, an independent maritime advisory firm based in London and New York.Euronav, January 6, 2014; Image: Maersk Tankerslast_img read more

first_imgVisitors at this year’s SMM trade show in Hamburg, Germany, have been challenged to walk a mile in seafarers shoes and test out Wilhelmsen Ships Service’s smart rope system.The rope was put on display at the company’s stand and visitors were invited pull the rope and see what they are made of as the system provides real-time pull load results.The system, dubbed Timm’s Smart Ropes, is constructed using the company’s Timm Acera range and an embedded load sensor. It provides real time information about usage, tension and overall health of the rope ushering in a new era for mooring practices that have been pretty outdated.Wilhemsen said that the digital system reduces the chances of mismanagement prolonging the life of a mooring rope.The system is accompanied by an interactive dashboard intended for the ship’s crew, called the Digital Mooring assistant, that provides the information on the state of each rope in real time.Aside to the smart mooring rope for ships, that stole the show at the fair, Wilhelmsen Ships Service presented a host of digital products at SMM today.World Maritime News Stafflast_img read more

first_imgzoomIllustration; Image Courtesy: Flex LNG LNG carrier owner Flex LNG has moved a step closer to listing its shares on the New York Stock Exchange.On May 7, the company said it publicly filed a registration statement on Form 20-F with the U.S. Securities and Exchange Commission (SEC) relating to the proposed listing of its ordinary shares on the NYSE.Flex LNG added that no new securities would be issued in connection with the listing, which is expected to commence after the SEC completes its review process. Once completed, the company’s ordinary shares would be listed for trading on both the NYSE and the Oslo Stock Exchange.A registration statement on Form 20-F relating to the shipowner’s ordinary shares was filed with the SEC, but has not yet become effective.The John Fredriksen-controlled company owns a fleet of 13 LNG ships, four existing and nine under construction, being built at Korean shipyards for delivery throughout 2019 to 2021. The company raised USD 300 million in equity back in October and this fully capitalized the company for its fleet.last_img read more

first_imgNew Delhi: Lok Sabha witnessed sloganeering and protests on Friday as Congress members sought to raise the issue of ongoing political crisis in Karnataka. As soon as the Lower House began proceedings, party members wanted to talk about the situation in Karnataka but Speaker Om Birla did not entertain the request. With the Speaker going ahead with the Question Hour, members from the Congress walked into the Well and were joined by those from the DMK. Also Read – Encounter under way in Pulwama, militant killedMore than 30 members from the Congress, DMK and few other parties were in the Well for over 15 minutes. Some of the members displayed placards, saying ‘Save Democracy’ and shouted ‘We want justice’ slogans. Many first time members were in the Well. As his requests to protesting members went unheeded, Birla finally said that opportunity would be given to raise the issue, following which members returned to their seats. In Karnataka, the coalition government of Congress and JD(S) is seeking a trust vote, amid political crisis triggered by resignation of 15 MLAs.last_img read more

Rabat – The governments of Morocco and Uganda have expressed their shared enthusiasm for establishing strong diplomatic relations. The two governments wish to rekindle “parliamentary diplomacy” and facilitate cooperation on a number of development-related issues.Meeting with Rebecca Kadaga Alitwala, the speaker of the Ugandan parliament, Saad Eddine El Othmani, Morocco’s Head of Government, reiterated the North African country’s will to uphold its Africa-oriented diplomacy. He also emphasized Morocco’s determination to strengthen cooperation with fellow African countries. He said Morocco would be happy to share with Uganda its experience in coming to terms with challenges in a wide range of sectors, including education, security, insurance, and agriculture. El Othmani, speaking animatedly of Morocco’s increasingly active role in Africa, said that the country has a genuine interest in taking part and playing a much bigger role in the advancement of the African continent, which it considers its “home.” He described the prospective diplomatic breakthrough with Uganda as a logical extension of Morocco’s eagerness to improve relations with the rest of Africa. Read also: Morocco and Uganda Sign Bilateral Football AgreementAlitwala, who is heading a parliamentary delegation tasked with laying the groundwork of increased diplomatic relations with Morocco, emphasized the need to invest in “parliamentary diplomacy.” This, she argued, would be an effective way of ironing out differences and bridging the gaps of any divergence that may have kept the two countries from engaging with one another for four decades. Reiterating El Othmani’s most important points, she highlighted the advantage that both countries will gain from strengthening their bilateral connections. The Ugandan MP spoke about the need for increased exposure to each other’s realities as the basis for a strong bilateral cooperation. Her country, she stressed, has indeed a lot to learn from Morocco in areas like education and banking. To do so, she proposed establishing an exchange program for Moroccan and Ugandan students to learn more about their two countriesAfter 40 years when “nothing much has been going on” between the two countries, she argued, the desire from both countries to commit to much stronger relations would require solid institutional foundations. “The bilateral is something we need to develop,” she said.For Morocco, rekindling ties with Uganda comes as yet another important step forward in the realization of its African gaze. Since the North African country reunited with its fellow African countries in January 2018, when it joined the African Union, cooperation with Africa seems to have emerged as perhaps the foundational pillar of Morocco’s identity in the international arena.“For us, cooperating with the rest of Africa is not only a desire; it is a priority,” one high-ranking Moroccan official said recently.El Othmani echoed that sentiment throughout his meeting with Alitwala. He noted that “commitment to Africa” is of paramount importance to King Mohammed VI, the main initiator of what has come to be known as Morocco’s “royal diplomacy” aimed at asserting the kingdom’s Africanness. read more

Unless more assistance is provided, local and national authorities in Cameroon may not be able to keep up with the needs of the rising number of refugees from the Central African Republic (CAR), the Office for the Coordination of Humanitarian Affairs (OCHA) said in a media statement.Violence in the CAR, especially in the northwest and northeast of the impoverished country, has led many residents to flee to Cameroon or Chad in recent years, but the numbers entering Cameroon have picked up pace this year.The Cameroon office of the UN High Commissioner for Refugees (UNHCR) registered some 23,000 Central Africans between May and October and expects another 7,000 to 10,000 ethnic Mbororos, a nomadic people, to also seek refuge in the near future.“These new arrivals would seriously tax the host country’s ability to provide humanitarian assistance and would also increase the risk of tension, because natural resources in the area, especially water, are running low and will soon be insufficient to sustain both the host populations and the displaced,” OCHA said in its statement.The situation is particularly grim in the CAR as well: although the number of internally displaced persons (IDPs) in the northeast has fallen recently, the numbers in the northwest keep rising because of ongoing kidnappings and other crimes and also continued clashes between the national army and rebels.Local media reported that on Monday rebels killed one Government soldier and injured four others during an attack close to the border with Cameroon. Nomadic cattle farmers have started avoiding their usual trails and begun searching for safer routes near cities and towns.In total, more than 300,000 Central Africans, or about 7 per cent of the national population, are either internally displaced across the north or live as refugees in other countries. 28 November 2007The United Nations relief wing today called for greater international assistance so that it can help more than 45,000 Central African refugees living in eastern Cameroon after fleeing violence and insecurity in their neighbouring homeland. read more

With the loonie losing value against the American dollar, U.S. home prices climbing and the potential for higher mortgage rates, Canadian snowbirds may have missed the best time to buy a winter getaway property.But that doesn’t mean the window has closed completely, industry experts say.According to the most recent data from the Washington-based National Association of Realtors, the median home in the U.S. during the first quarter of 2013 fetched $176,000. That’s about 12% more than a year earlier, although it remains well below a peak of $227,000 prior to the 2008-09 recession.Even so, the national figure vastly underestimates the plunge in some sunbelt regions such as Florida and Arizona — the two most popular destinations for Canadians — since the heady pre-slump days when prices shot through the roof and financial controls for issuing mortgages were practically non-existent.Starting in about 2007, Florida, and to some extent Arizona, were hit by a “tsunami” of factors that contributed to the plunge in property values. Along with the national recession, these states were also hammered by years of overbuilding, a higher level of foreclosures, and a steeper fall-off in demand.Joe Morgan, a.k.a. the Golf Home Guru, an agent specializing in golf-related properties in southwest Florida, said prices for vacation properties where he lives in Naples tumbled by 50 per cent or more.It was coincidentally also a time when the Canadian dollar appreciated in value to parity or above, sweetening the pot for snowbirds.The realtors report shows 2012 and 2013 were the best two years for sales to foreigners in history, with Canadians accounting for almost one-quarter of those purchases — twice as many as any other source nation.The median purchase by Canadians in the past year was for a home valued at $183,000, with Fort Lauderdale, Orlando and Naples, Fla., and Las Vegas, Nev., being among their top choices.“(Snowbird) business has been solid now for three years in a row,” said Morgan. “Probably two, three years back was the ideal time to buy, but our prices have started going up over the last 12 to 18 months.” Last year, the median price of a home in Naples rose 17.4 per cent, and continues to rise at about 10 to 12 per cent so far into 2013.Still, that’s a long way from the peak.“Distress properties, foreclosures and short sales, are a lot more limited now than they were, but there’s still some opportunities out there,” he said. “So I don’t think there’s any reason for Canadians to give up on the dream at this time. There’s still some strong values. It’s just that they didn’t catch the market at its bottom.”With the American economy widely projected to pick up steam starting in the second half of 2013 and returning to a more traditional growth rate of near three per cent in 2014, the national real-estate association predicts home prices will continue to appreciate over the next few years.Meanwhile, the Canadian dollar is no longer worth more than the U.S. dollar and is now trading four to five cents below parity, meaning any purchase comes with a surcharge once exchange rate conversion costs are added.Some economists believe the loonie will hold at the current level for the rest of the year, but some, including the TD Bank, is projecting a fall to 90 cents US by the end of 2013. Few think the Canadian currency will strengthen this year.But Jed Smith, a research director with the realtors’ group, said the current conditions still represent a bargain for Canadians historically.“Obviously earlier would have been better (but) later will probably be worse,” he said.Although conditions are tightening, Richard Silver of Sotheby’s International Realty in Toronto says that may actually spur more Canadians to take the plunge in the next few years.“As the market moves up, sometimes people buy because they are afraid that if they wait longer they are really going to have to pay more,” Smith explained.“It’s like when rates go up, people say, ‘I’ve got to buy now because in five years they’ll really be high and I won’t be able to afford it.”’Morgan said Canadians who do buy American properties should be realistic about the potential investment returns. While prices may still be 25 or 30 per cent below pre-slump peaks, those heady real estate values were both extraordinary and a bit of a mirage, and may not be seen again for many, many years.“They were artificial prices caused by phoney financing that was available, and the inventory got so low that it didn’t matter what the property was, people wanted it. It got ludicrous,” said Morgan. “I think the market is much more conservative now.” read more

A damning presidential report into the scandal accused Mahendran of insider trading and recommended the state recover its losses from the former bank official and his son-in-law. Sri Lanka’s central bank also launched a forensic audit to ascertain the extent of insider trading during Mahendran’s tenure at the bank. (Colombo Gazette) Singapore’s Ministry of Foreign Affairs said authorities in the city state have been cooperating with their Sri Lankan counterparts on the case since January.However, it said in a statement that Sri Lanka’s request to return Mahendran “lacked certain information required under Singapore’s extradition laws”. The Sri Lankan president said he had appealed to Prime Minister Lee Hsien Loong in January to return Mahendran, who is believed to be in Singapore, but claimed nothing had been done. “To date, Singapore has not yet received the requested supporting information and documents,” it said.“We look forward to receiving the requested information from Sri Lanka, so that we can consider the request further in accordance with our laws.”Singapore can extradite fugitives to declared Commonwealth countries, including Sri Lanka.Mahendran was named as a key suspect in the Sri Lanka multimillion dollar bond scam in February last year. He fled abroad, failing to appear in court to respond to charges. Mahendran, a Singapore national of Sri Lankan origin, was accused in 2015 of passing sensitive information to his son-in-law, a bond dealer, to make millions.The pair are accused of manipulating bond auctions in 2015 and 2016, causing losses of over US$11 million to the state. Singapore on Wednesday rejected Sri Lankan President Maithripala Sirisena’s allegation that it was sheltering a former central bank chief wanted for fraud, saying Colombo failed to provide documents to support its extradition request, the AFP news agency reported.On Monday, Sirisena accused Singapore of sheltering Arjuna Mahendran, one of his country’s former central bank chiefs wanted in connection with a high-profile US$74 million insider trading scam. read more

After she retired she worked in a local shop for a number of years.Ms Smith said: “Most people who have commented have sent their best wishes to her and think she’s a brave lady. The family agree – she is brave and she is a wonderful inspiration to everyone who knows her.”We are all so very grateful to Greater Manchester Police for being so agreeable to take part in this surprise for her. It really has made an old lady very happy.” Josie Birds in the back of a police van Josie Birds, from north Manchester, requested to be taken into custody by officers as she said she had been good all her lifeCredit:PA Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. Greater Manchester Police responded to Ms Smith on Twitter and said: “I’m glad our officers could help out, looks like she got the full experience!”Give our best to Josie and I’ll try and pass your message back to the officers who kindly helped out.”Ms Birds, who has six daughters, 20 grandchildren, 28 great-grandchildren and two great-great-grandchildren, worked at Avro Energy, where she met her husband Alf. A 92-year-old great-great-grandmother was arrested by police at her own request because she “wanted to know what it was like to be naughty”.Josie Birds, from north Manchester, requested to be taken into custody by officers as she said she had been good all her life.The experience was organised by a family friend and two off-duty officers came to her house on Saturday afternoon.Her granddaughter Pam Smith said: “They accused her of robbing a Co-op and her response was, ‘I don’t do my shopping in Co-op’.”They put her in handcuffs and took her to the police station in the back of the van, where they ‘questioned’ her rigorously.”She wanted to go into the cells too, but they drew the line at that and gave her tea and cake instead. She was lit up all day Sunday talking about it, and she is still excited about her experience.” read more

first_imgA new survey published by Clifford Chance identifies top drivers and risks for M&A across an increasingly complex global landscape. More than half (57%) of mining and metals sector respondents to a new survey, Cross-border M&A: Perspectives on a changing world, are expecting current cross-border M&A activity levels to be maintained or increased over the next two years. Some 70% of sector respondents expect to focus on strengthening their core business rather than diversifying into new areas and, accordingly perhaps, the great majority (59%) expect to see some disposal of assets in response to tax, regulatory and political risks.The research, which was conducted by the Economist Intelligent Unit on behalf of Clifford Chance, surveyed nearly 400 companies with annual revenues in excess of $1 billion from across a range of regions and industry sectors, including the mining and metals sector.The survey also revealed that 55% of mining and metals companies are focusing their M&A strategy on high-growth economies, rather than domestic (28%) or global developed markets (17%).A number of significant themes in the mining and metals sector emerge from the survey findings:Shareholder pressure was a frequently identified driver behind sales in the sector (cited by 32% of mining respondents). Despite record income from historically high commodity prices, many mining companies have significant funding pressures because of record capital expenditure commitments. Shareholders are increasingly concerned about the impact of project spend on earnings and there is mounting pressure for companies to respond by selling non-core and costly assetsCultural integration issues emerged as a more prominent barrier to M&A activity (for 24% of mining respondents). Additionally, some 67% of mining respondents agree that concerns about cultural differences are a deterrent to pursuing cross-border deals – a higher figure than any other sectorMinority investment in a local company is, overwhelmingly, the most popular deal structure. For buyers, this can manage exposure to operational and regulatory risks as well as overcome merger control issues. For sellers, minority stakes can be sold to raise funds for projects while maintaining overall controlCash is not necessarily king: Acquisition activity is less likely to be funded by cash than in other sectors. Cash is preferred by only 16% of mining respondents against an average of 37% across all sectors, despite many miners having record cash inflows from increased production and high commodity prices. Acquirers are willing to consider a range of funding sourcesSovereign wealth funds are the most important finance source for the mining and metals sector according to 32% of respondents (up from 22% two years ago), the highest level across all sectors, and a sign of the strategic importance of commodity supply to developing economies.David Lewis, co-head of Mining and Metals sector commented, “The energy, mining and utilities sector has been the most active sector by value in 2011 with some $557.1billion in announced deals, up 3.6% from 2010 ($537.7billion). This buoyant market was fuelled in part by the Asian superpowers’ continued fight for natural resources and assets becoming available at reasonable prices. While the frenzy may have slowed, we see that continued strong demand for natural resources, with particular focus on the untapped resources of less well-developed regions such as Africa, and shareholder pressure to focus on core assets, will still drive deal flow in the sector.”last_img read more

first_imgA WREATH WILL be laid by Irish Taoiseach Enda Kenny at the memorial to those who were killed or injured in the Boston Marathon bombing last month.Kenny will lay the wreath during his visit to Boston, which will also take in a commemoration of the 50th anniversary of President John F Kennedy’s 1963 visit to Ireland.The Taoiseach is leaving for the United States today, and after his arrival he will attend a function at the JFK Library to commemorate the 50th anniversary of the visit. He will address an audience of politicians and business people on the strength of US-Ireland relations at the event.Tomorrow, he will lay the wreath at the Boston bombings memorial in Copley Square.On Monday morning, Kenny will attend a business breakfast event organised by the IDA and Enterprise Ireland, at which he will promote Ireland as an “excellent location for trade, business and investment”, his office said.Later that same day, he will travel to Boston College, where he will be presented with an honorary doctorate. While there, he will also give the commencement address to the 3,000 students of the 2013 graduating class in the college’s football stadium, in front of 20,000 people.Read: Enda Kenny played a ‘significant role’ in the Celtic Tiger, says US college>last_img read more

first_imgDUBLIN CITY COUNCIL has refused permission for two out of the five planned Garth Brooks concerts to go ahead at Croke Park at the end of this month.An estimated 400,000 tickets were sold for the five concerts before the decision was made on the licence.However, residents in the Croke Park area were unhappy from the start, saying they had been reassured that just three concerts would take place each year, and that One Direction had already played three nights in May.In its licence decision today, Dublin City Council said the cumulative effect of five shows would lead to an “unacceptable” level of disruption to the lives of people in the area.What do you think? Is Dublin City Council right to refuse permission for two Garth Brooks gigs?  Yes – and they should stop all five of the gigs (1709) GAAAARRRRTTTTHHHHH (808) Yes – and they should stop all five of the gigsYes – they were right to cancel twoNo, all five gigs should go aheadGAAAARRRRTTTTHHHHHVoteRead: Permission granted for just THREE of the scheduled five Garth Brooks concerts > Read: The 11 most important Twitter reactions to the Garth Brooks news > No, all five gigs should go ahead (6693) Poll Results: Yes – they were right to cancel two (4537)last_img read more