first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

first_imgSome 56 million people in Hubei have been under virtual lockdown since last week, with its capital Wuhan at the heart of the health emergency.In Hangzhou, some 175 kilometres (110 miles) southwest of Shanghai, green fences blocked streets near the headquarters of Chinese tech giant Alibaba as a fighter jet circled overhead.Alibaba, one of the world’s most valuable companies, appeared shut down, while deliverymen moved in and out of the nearby fenced-in residential areas to drop off groceries. Many people were also seen going out.The firm is inside one of three districts where some three million people were told this week that only one person per household would be allowed outside every two days to buy necessities. Millions more people have been ordered to stay indoors as China battles to curb the spread of a new virus that authorities said Wednesday has already killed nearly 500 people.With more than 24,000 cases in China, a growing number of cities have been imposing a range of restrictions in recent days far from central Hubei province, the epicentre of the outbreak, as authorities struggle to contain the virus.Global concerns have risen as more countries found cases that were not imported from China and 10 people tested positive for the virus on a ship quarantined off the coast of Japan. “Please don’t go out, don’t go out, don’t go out!” blared a message on a loudspeaker urging people to wear masks, wash their hands regularly and report any people who are from Hubei — a common fear in other parts of the country that people from the province might infect others.At least three other cities in eastern Zhejiang province — Taizhou, Wenzhou and parts of Ningbo — have imposed the same measures, affecting some 18 million people.Similar policies were encouraged by authorities in two cities as far as China’s northeasternmost province, Heilongjiang, and a handful of others along the east coast.In Henan province, which borders Hubei, a district in the city of Zhumadian decided that only one person could leave each household every five days. Residents there have been offered cash rewards for informing on people from Hubei.- Global jitters -The disease is believed to have emerged in December in a Wuhan market that sold wild animals, and spread rapidly as people travelled for the Lunar New Year holiday in January.The death toll has steadily increased, rising to 490 in China after Hubei reported 65 more people had died.Most deaths have been in the province and officials have noted that the death rate, at around two percent, is below the mortality rate of the Severe Acute Respiratory Syndrome.The new coronavirus is from the same family of pathogens as the one that causes SARS, which killed some 800 people in 2002-2003.The epidemic has prompted the World Health Organization (WHO) to declare a global health emergency, several governments to institute travel restrictions, and airlines to suspend flights to and from China.United and American Airlines said Wednesday they have added Hong Kong to their China flight suspensions.On Wednesday Japan said at least 10 passengers on a cruise ship carrying 3,711 people have the virus.Japanese authorities began testing those on board after a former passenger who disembarked in Hong Kong was diagnosed with the illness.British Foreign Secretary Dominic Raab on Tuesday advised Britons to leave China “if they can”, to minimise their risk of exposure to the virus.- ‘Window of opportunity’ -But the WHO said Tuesday that dramatic measures taken by China offered a chance to halt transmission.WHO chief Tedros Adhanom Ghebreyesus said that the great majority of cases are in China.”That doesn’t mean that it won’t get worse. But for sure we have a window of opportunity to act,” he said.Singapore, Malaysia, and Thailand all reported new infections not imported from China on Tuesday.Two fatalities have been reported outside the mainland, in Hong Kong and the Philippines.Semi-autonomous Hong Kong has closed all but two land crossings with the Chinese mainland.As countries battle to keep the virus off their shores, the WHO chief accused wealthy countries of falling short on their duties in sharing data.”Of the 176 cases reported outside China so far, WHO has received complete case report forms for only 38 percent,” he said.Topics :last_img read more

first_imgManagement fees charged by some 2016 vintage private debt funds reached an eight-year low last year, after four years of falling fees for funds in the sector, according to alternative assets data and analysis firm Preqin.In its 2017 global private debt report, Preqin said the average (mean) management fee for private debt funds had fallen from 2.08% for 2013 vintage funds to 1.63% for 2016 vintage funds.Ryan Flanders, head of private debt products at Preqin, said: “The majority of private debt investors do believe that their interests are aligned with those of their fund managers.”A quarter of investors polled said terms had changed in their favour over the past few years, he said. “This general consensus and the diminution of the average industry-wide management fee charged by private debt managers suggests that investors are making ground in moves to equalise the trade-off between fees and fund manager expertise,” Flanders said.The research firm said that the spread of management fees across separate private debt strategies reflected the complexity of portfolio management, which varied according to strategy and fund size.Direct lending funds charged the lowest fees, Preqin said, because as vehicles with no equity component they were less expensive for the manager. Venture debt funds had higher fees because deploying early stage funding used a lot of resources.Preqin found that only 6% of private debt investors said they never invested due to the terms and conditions on offer.A fifth of investors often chose not to invest, and 74% occasionally decided not to invest because of fund terms, the data showed.Last year, Preqin said an aggregate $93bn (€88bn) was raised internationally across 131 private debt funds which closed in 2016, with this figure likely to rise as more data became available. This is likely to mean that 2016’s final figure will be at or near 2015’s level of $97bn.In its report, the firm said the trend towards a greater concentration of capital among fewer funds continued in 2016, with 16% fewer funds closing in that year than had in 2015, and the average fund size increasing to $710m.Last week, investment advisory group Siglo said competition has pushed down fees for senior secured loan funds in Switzerland.last_img read more

first_img“We hope China can understand theopinion and will expressed by Taiwanese people in this election and reviewtheir current policies,” Tsai told reporters in Taipei. She did not elaborate. TAIPEI – Taiwan President Tsai Ing-wenurged China to review its policy towards the island, days after she won alandslide re-election victory, in a rebuke that could fuel further tensionswith China. China considers democratic Taiwan itsown territory and has tried military threats and economic inducements to getthe island to accept its rule. Taiwan says it is an independent country, calledthe Republic of China, its official name. (Reuters)center_img Incumbent Taiwan President Tsai Ing-wen and Vice President-elect William Lai attend a rally after their election victory, outside the Democratic Progressive Party headquarters in Taipei, Taiwan on Jan. 11, 2020. REUTERSlast_img read more

first_imgUpdate (11:00 a.m.)VERSAILLES – School administrators at South Ripley say they have received two invoices for purchases they never made.The invoices came from “Scholastic School Supply” in the amount of approximately $600. The elementary school received a fake invoice and also the administrator’s office.School personnel say they did not fall for the collection attempt as they verify every invoice they receive.South Ripley received an email from the Scholastic, Inc., saying they are not affiliated with the company that bears a similar name.Area school administrators are encouraged to keep an eye out for the bogus invoices.First Report (5:30 a.m.)BATESVILLE – Local school districts are being warned about fake invoices after the Better Business Bureau (BBB) received a rush of complaints from across the country.The BBB has received complaints from schools in 27 states that allege a company named “Scholastic School Supply” sent an invoice charging for supplies the school did not purchase.The scam is believed to not be affiliated with Scholastic, Inc.School administrators are asked to watch for bogus invoices in the amount of $647.50 for the bulk purchase of “English-Language Arts Practice Books” or $388.50 for math workbooks.Complainants say they are unable to reach the company to inquire about the products or amounts allegedly owed, and all have denied ever doing business with the company previouslyThe BBB has received more than 3,000 inquiries about the invoices.School districts in the Cincinnati area have not reported receiving such invoices to date. If they do, they are encouraged to contact BBB, the Federal Trade Commission, as well as their respective State Attorney General Office.last_img read more

first_imgThe East Central Trojans defeated The Greenwood Woodmen 41-26 in The Football Sectional Opener at Greenwood.EC vs Greenwood Varsity Football Sectionals (10-24)EC improves to 7-3 on the season.  G-wood finishes their season at 4-6.The Trojans advance to The Sectional Semi-Finals on Friday (10-31) as they will travel to Shelbyville to battle The Golden Bears.Kickoff will be at 7 PM.  Hear the game on www.wrbiradio.com with our Countdown To Kickoff at 5:50.Courtesy of Trojans Statistician Stewart Durham.last_img read more

first_img “He’s an improving sort. I was afraid that the track might be too sharp but he jumps and stays,” said Mullins. “The Michael Purcell Hurdle at Thurles might come too soon and he might wait for the Easter Festival at Fairyhouse for a two-and-a-half-mile novice hurdle, although I’d prefer to go out in trip to three miles. “He’s every inch a chaser in the making.” While Roi Des Francs is not due to feature in Mullins’ raiding party for next month’s Festival, a trip to Prestbury Park could be on the cards for Turban, who made it a treble for the trainer when coming with a late run to foil Rubi Light in the Patsy O’Brien Memorial Chase. Given a patient ride by Ruby Walsh, the 5-2 second-favourite picked off the long-time leader with a bold jump at the last before quickening clear up the short run-in to score by three and a half lengths and register his first victory of the campaign. The victory in the two-and-a-half-mile heat marked the first time the eight-year-old had scored over that kind of distance. “It was an experiment going out to this trip, but his pedigree suggests he could,” said Mullins. “Dropping him out seemed to help get his confidence back and I wouldn’t rule out a handicap at Cheltenham, but he likes soft and might need a wet week. Press Association The 2-1 favourite, one of three runners in the race for owners Gigginstown House Stud, justified his price tag at the head of the market when knuckling down well under Bryan Cooper to take the contest by two and a quarter lengths from Fine Article. It was a second successive victory in the two-mile-six-furlong race for the owner, trainer and jockey combination, after they teamed up to take last year’s renewal with Don Poli, who subsequently went on to take the Martin Pipe Conditional Jockeys’ Handicap Hurdle at the Cheltenham Festival. “We’ll also look at the Topham Chase at Aintree.” Argentino (7-2) kicked off Mullins’ treble, as well as doubles for Cooper and Gigginstown, in the Surehaul Race Day Maiden Hurdle. Cooper said: “He took a while to get his jumping together, but got it together today. I made too much use of him at Thurles the last day, but was more patient today and used his speed in the latter part of the race. “He’s a real summer horse and likes the drying ground – hopefully he can pick up a few more races.” Willie Mullins is targeting a run at Fairyhouse over the Easter period with Roi Des Francs following his battling success in the Grade Three Surehaul Mercedes-Benz Novice Hurdle at Clonmel.last_img read more

first_imgGernot Rohr The team, however, gave a good account of themselves with Joe Aribo – making his second appearance for the Super Eagles – scoring the opening goal in the 35th minute before Casemiro’s second-half effort saved the South American champions from defeat.The draw is the second in a row for the Brazilians after they were held by Senegal in Thursday’s friendly outing.Rohr is impressed with the performance of his side but admitted the three-time African champions still have to improve.“It was tough for us as the second game because Brazil would not have wanted to leave Singapore without winning, and it feels very good to know that we can play so well against some of the biggest names in football,” Rohr said in a post-match press conference.“We didn’t have our best team here, but our wingers gave Brazil a lot of problems on the counter-attack and I am proud of our players. They can have a good future.“We can still improve in defending set-pieces. We have height, with players as tall as two metres, but we have to be better in the air.“It is not enough just to have good size, they need to jump well with good timing.”Rohr believes African football is improving after both Nigeria and Senegal avoided defeat against the world number three.“These results are good for African football when Senegal and Nigeria did not lose to Brazil, one of the strongest teams in the world,” he added.Eagles will hope to secure good results when they take on Benin Republic and Lesotho in Africa Cup of Nations qualifying games in November.In the match, it was a strong and competent performance by the Super Eagles who earned the 1-1 draw against the five-time world champions.Both teams had started with good pace, passion and intensity at the Singapore National Stadium in Kallang.Brazil’s France-based forward Neymar was forced to quit the game after only 12 minutes, due to injury, but seven minutes later Marquinhos could have put Nigeria in front with a bizarre own goal after his attempt to clear Chukwueze’s pull-out went wrong.Villarreal FC of Spain’s Chukwueze, a former Nigeria U17 World Cup winner, was a thorn in the flesh of the Selecao throughout, and created chances for Nigeria in the 20th and 24th minute but Osimhen was cut out by an alert Brazilian rear.In the 35th minute, Nigeria broke through again, this time mining gold. Joseph Ayodele-Aribo, who scored on his debut in the friendly against Ukraine in Dnipro last month, kept his cool and showed cleverness in taking a pass from Moses Simon and ghosting past Casemiro and Thiago Silva to shoot past Ederson for the opener.The goal expectedly stung the Selecao into greater intensity and desperation, but they could have conceded again two minutes later only for Wilfred Ndidi to shoot directly at Ederson from a counter attack. In the 40th minute, stand –in captain William Ekong, who had a great game alongside central defence partner Semi Ajayi, cleared as Jesus lobbed into the Nigerian box, and four minutes later, a free kick by Coutinho whistled past Uzoho’s post though he had it well covered for the equaliser.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram *Says it is sign that African football evolvingSuper Eagles Technical Adviser, Gernot Rohr, believes the Super Eagles have ‘good future’ after they played out a 1-1 draw against Brazil in Sunday’s international friendly in Singapore.The 66-year-old German tactician paraded a young team against the five-time world champions, following a spate of withdrawals by some of his experienced players, including captain Ahmed Musa.last_img read more

first_img Fire danger is on Dave Roberts’ mind as Dodgers head to San Francisco Dodgers hit seven home runs, sweep Colorado Rockies How Dodgers pitcher Ross Stripling topped the baseball podcast empire LOS ANGELES — With a more egregious incident (also involving the Houston Astros) having made Joe Kelly’s behavior seem fairly tame, MLB reduced Kelly’s suspension to five games on Wednesday.The Dodgers reliever was originally suspended for eight games after he twice threw behind batters in a game against the Astros on July 28. That set off a benches-clearing confrontation between the two teams following that inning — an on-field gathering that violated MLB’s attempts to play socially-distanced baseball.Dodgers manager Dave Roberts was also suspended one game and served his penalty immediately. Astros manager Dusty Baker was fined.“Extrapolating over the course of 162, I think 22 games for a relief pitcher, for me, is too aggressive,” Roberts said at the time, comparing the eight-game suspension in a 60-game season. Cody Bellinger homer gives Dodgers their first walkoff win of season center_img Kelly appealed the suspension and had his hearing on Monday. But before he could, the Oakland A’s and Astros had a much more contentious altercation during their game Sunday. A’s outfielder Ramon Laureano charged the Astros dugout, hitting coach Alex Cintron in particular.That incident resulted in a 20-game suspension for Cintron and a six-game suspension for Laureano — making Kelly’s original discipline seem heavy-handed by comparison.Kelly went on the injured list with shoulder inflammation Monday. He will serve his suspension as soon as he is activated from the IL, meaning the earliest he can be back on the Dodgers’ active roster is Aug. 25.Related Articles Dodgers’ Max Muncy trying to work his way out of slow start Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

first_img Newsroom GuidelinesNews TipsContact UsReport an Error Deng has not offered any regrets about the move for reasons beyond the generous financial figure. Though the Lakers (11-20) enter Thursday’s game against the Miami Heat (9-20) at American Airlines Arena with Deng mirroring the team’s overlapping growth and struggles, the Lakers have remained appreciative of his veteran presence. Deng shared the same thought process, which has contributed toward averaging 12.6 points on 50 percent shooting and 6.6 rebounds the past five games after going through early shooting slumps.Yet, Deng said he “wanted to” re-sign with the Heat if not for the Lakers’ generous offer. Deng remained cognizant that would not have guaranteed anything.Miami retained 27-year-old center Hassan Whiteside to a four-year, $98 million deal. Shortly after Deng agreed to a deal with the Lakers, the Heat and veteran guard Dwyane Wade could not agree to terms before he went to Chicago.“It’s not like I would’ve gone there,” Deng said of the Heat. “They probably would have had the money and gotten someone else better.”Spoelstra joked, “I’d love to have Luol right now and have him suit up.” Spoelstra then turned serious.“We thought there was a chance we would get him at a way smaller number,” Spoelstra said. “There was that discussion that he wanted to come back and we wanted him to come back. But we obviously weren’t in a position to make that kind of deal.”The Heat were in position, though, to acquire Deng in the 2014 offseason. Miami needed to rebound from LeBron James’ return to Cleveland. Then, Riley called Deng’s arrival “one of the most important free-agent signings that we have ever had in the history of the franchise.”Deng averaged 14 points and 5.2 rebounds in the 2014-15 season in what nearly mirrored his career averages. Those numbers dropped in 2015-16 to 12.3 points per game, his lowest scoring output since his rookie season.“It didn’t click right away,” Spoelstra said. “It didn’t click from a basketball standpoint and even getting to know each other.”Spoelstra saw things play out more smoothly because of Deng’s versatility and honest feedback. Yet, Deng downplayed feeling any pressure because of Wade and Chris Bosh having a larger workload.“I sat back, really just focused on my game and saw how I could help out,” Deng said. “I enjoyed it and loved it. It was a great system.”Deng has encountered a different challenge with the Lakers, with whom he has averaged a career-low 8.0 points on 39 percent shooting. He has recently admitted feeling more comfortable with the offense after receiving more looks. “When you’re with a new group, guys start to realize what you can do and what you can’t do,” Deng said. “A lot of times at the beginning of the year, guys were just standing still. The way I play, I’m always moving.”The Heat would know after seeing a valued player leave for a price tag deemed too high to match.center_img MIAMI >> The team’s veteran roster and championship history made Luol Deng fall in love with the environment.Despite hoping to re-sign with the Miami Heat during the 2016 offseason, Deng found something more enticing. The Lakers offered Deng a four-year, $72 million contract, a product of a rising salary cap and a rebuilding team in need of a proven veteran. Deng also seemed intrigued with Luke Walton’s innovative system and the promise of a significant role on a young roster.So, Deng called Heat president Pat Riley and coach Erik Spoelstra to say, “This is something I can’t turn down.”Spoelstra agreed: “You have to take that right away.”last_img read more