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AI Pension books SEK54m loss in 2014 after switching funding calculation

first_imgSweden’s AI Pension fund for architects and engineers made an overall loss last year as it increased technical provisions, despite lifting investment returns to 13.2% from 8.2%.In its 2014 annual report, the pension fund — previously known as Arkitekternas Pensionkassa — reported an annual loss of SEK54m (€5.8m), down from a profit of SEK1bn the year before.The fund said: “First and foremost, the result was affected by the increase in technical provisions, but also by a good return on capital.”Fixed-income investments returned 8.8% over the year, up from the loss suffered in 2013 of 1.9%, while equities produced a 21.7% return, down from 27.9% the year before. Property generated 15.6%, up from 9.1% and hedge funds produced 1.5%, down from the previous year’s 6.0%, according to the annual report.Premium income increased by 10% to SEK237m from SEK216m.Total assets grew to SEK6.24bn at the end of 2014 from SEK5.54bn, the published data showed.AI Pension said its financial position remained strong, even though the solvency ratio had fallen as a result of the continuing decrease in interest rates to 141% at the end of 2014, from 152% a year before.The funding level for defined benefit plans was unchanged at 131% while funding for defined contribution products had increased to 111% from 106%, it said.The pension fund explained that its council had decided on a new funding policy during the year for both AI ITP and AI Life pensions, with the change prompted by the new interest rate curve to calculate technical provisions.It decided the new curve would be used for both pension types.For AI ITP, the normal funding level was increased to 130% from 120%, with the calculation changing from one based on a fixed interest rate assumption of 3% to floating interest rates.This meant it was now necessary to have a higher level of normal funding as well as a broader funding range, the pension fund said.Within AI Life, the normal funding level was revised down to 105% from 110%, with the the funding range unchanged at 100-115%, it said.AI Pension in February announced its intention to merge with PP Pension, the pension fund for the press and media, by early next year, but was later forced to abandon the proposal due to time constraints.last_img read more

Kambi recruits Mattias Eriksson as chief product lead

first_img GiG lauds its ‘B2B makeover’ delivering Q2 growth August 11, 2020 Kambi takes full control of LeoVegas sportsbook portfolio August 26, 2020 Share Related Articles StumbleUpon Submit Share Stockholm-listed betting platform and software provider Kambi Plc has confirmed the appointment of Mattias Eriksson to the newly created role of Chief Product Officer (CPO).Eriksson, who will be based out of Kambi’s Stockholm office, has prior industry experience having worked for Swedish state-owned gambling operator Svenska Spel in a number of senior commercial and product focused roles.Prior to joining Kambi, Eriksson founded Scandinavian technology innovation consultancy  Syncopation Strategy, advising a number of organisations on customer-centric product development and design.Kambi governance details that Eriksson will be tasked with leading group product strategy, design initiatives and innovation as Kambi expands its services within new and established markets.“Kambi already has a fantastic product – the best Sportsbook on the market but, even more importantly, it has the capabilities required to meet the challenges of a rapidly changing sports betting industry,” Eriksson commented on joining Kambi Plc executive team.“As a lifelong follower of US sports, I’m particularly excited at the prospect of bringing Kambi’s knowhow to American sports fans, and I’m confident we will have a product in place they will love as much as our customers around the rest of the world already do,”Eriksson will report directly to Kambi Deputy Chief Executive Officer & Chief Business Development Officer Erik Logdberg.“I’m delighted to welcome Mattias as our new Chief Product Officer,” Logdberg detailed“Mattias’ knowledge and expertise in creating and commercialising future-ready products will be invaluable as we continue to build our product organisation. Our transformation into the future hinges on our ability to create products that help our operators outperform the market, and Mattias is the perfect fit to enable our ambition.“Together with a group of some truly talented people, we are confident Mattias will elevate the Kambi Sportsbook to the next level and in doing so extend our lead over the competition,” Kambi and DraftKings agree on final closure terms July 24, 2020last_img read more

From player to one-man multinational — Ronaldo

first_img0Shares0000On the way to a third straight Champions League crown — which proved to be his Real Madrid swansong — Ronaldo kisses the trophy after winning The Best FIFA Men’s Player of 2017 award last October © AFP/File / Ben STANSALLMADRID, Spain, Jul 11 – He may not have added the World Cup to his Euro 16 success and hattrick of Champions Leagues.But with another Ballon d’Or looking likely and a move to Juventus complete, Cristiano Ronaldo’s status is as much that of multinational as footballer. The 33-year–old had long ago moved onto another plane in his nine years at the Bernabeu as the galactico of galacticos.Sporting Lisbon first nurtured his talents before Manchester United launched the process of turning him into a global icon over six years at Old Trafford.But his Real achievements have transformed the Portuguese into the Beautiful Game’s megastar who now embarks on a fresh challenge at a “new stage in his life”Shirt-shifter. On the pitch and off, the Ronaldo effect is already happening as fans show their appreciation of their new purchase in front of the Juventus store © AFP / Isabella BonottoAfter five Ballons d’Or and countless trophies, as well as more than a goal a game in his time with Real to capture 15 trophies, Ronaldo has nothing more to prove on the pitch as he heads for Turin on a four-year contract worth 30 million euros ($35 million) per season.His 34 hattricks in Spain are a record for La Liga, but one triple crown he missed out on this year was as the best paid athlete on the planet.Ronaldo had basked in the accolade for the past two years, but this time Forbes magazine gave that particular title to longtime rival Lionel Messi ahead of boxer Floyd Mayweather.That, and a last 16 World Cup exit was sweetened by the knowledge that still he pulled in $108 million over the past 12 months — 61 million in wages and the remainder in various endorsements.Accused by the Spanish taxman of hiding some of his off-field earnings Ronaldo agreed last month to pay 18.8 million euros to avoid jail.One thing sponsors linking their name with Ronaldo don’t do is lose their shirt — a single social media post from the player advertising merchandise can be worth millions © AFP/File / OSCAR DEL POZOAs befits a man of his renown, CR7 has no fewer than 330 million “followers” on social media — more than any other athlete, meaning sponsors queue to make him the face of their merchandise.– Nike for life –Those sponsors include French telecoms giant SFR, Swiss watch firm Tag Heuer, Japanese gaming conglomerate Konami, oil behemoth Castrol and the Emirates airline.That breadth and depth of marketing reach means there is no risk of his being reduced to a mere “advertising hoarding,” Jean-Philippe Danglade, author of “Marketing et Celebrities,” told AFP recently.His strongest association, going back to 2003, is with Nike with whom he two years ago signed a new long-term sponsorship deal worth a minimum reported 20 milion euros a year and that he indicated was “for life.”Marca suggested if certain non publicly-specified goals are met, the annual value of the deal could be worth around 40 million.After nine years in the white of Real Madrid, Ronaldo says the time has come “for a new stage” in his life as he eyes a new on-pitch challenge in Serie A with Juve © AFP/File / GABRIEL BOUYS“It’s the best contract I’ve had in my entire career,” he noted.Forbes drew a comparison between the ‘bling-bling’ image of Ronaldo and the more reserved image of Messi.Whereas in 2016 Messi reportedly lifted Adidas sales by an estimated $53.3 million, the Ronaldo effect lifted Nike into the stratosphere by some 500 million.– Multimillion media post –A simple Ronaldo post to social media can shift millions, as witnessed by a post to Instagram after Portugal won Euro 2016 which according to sports sponsorship valuation platform Hookit was worth $5.8 million to Nike.Juventus shares on the Milan stock exchange jumped nearly 40% since June 28 when rumours of Renaldo’s arrival began to solidify. Shares fell mnore tha six percent early Wednesday on profit-taking.As sportsman-cum-entrepreneur Ronaldo also took a sartorial leaf out of the book of Real galactico predecessor and fashion icon David Beckham and basketball legend Michael Jordan to push sports gear to similar heights which the former England star and Jordan, notably with his “Jumpman” logo, had achieved before him.“It’s the little black book of illustrated marketing,” says Danglade, researcher at Kedge Business School, noting how Ronaldo’s image straddles everything from product, to service, to digital interface.Such huge marketing reach is “extremely rare. Madeira airport bears his name. In terms of (entering) the collective imagination it’s truly impressive.”The hottest story in town — Italian papers devote their front pages to the man who has become a one-man footballing multinational © AFP / MIGUEL MEDINAThe 2006 opening of a CR7 underwear line in his native was barely an opening off-field gambit for Ronaldo, who has branched out not least in the fashion stakes into jeans, shoes and sundry accessories.Three years ago he teamed up with his country’s leading hotel chain, Pestana, for a joint venture to build five CR7 branded hotels as the chain targets a greater slice of the international luxury accommodation market.With his off-the-field interests covered, Ronaldo can concentrate on his upcoming Italian job, showcasing his brand in a country where fashion and football happily co-exist in a market seemingly tailor made for his twilight on-pitch years.0Shares0000(Visited 1 times, 1 visits today)last_img read more

DONEGAL YOUTH SERVICE – A REAL CAUSE FOR CELEBRATION!

first_imgDYS Award Winners from Malin Head Youth ClubYoung people, parents and youth club leaders gathered in the Regional Cultural Centre, Letterkenny for the recent annual celebration evening hosted by Donegal Youth Service. The event coincided with the Social Inclusion Week hosted by Donegal County Council, an opportunity to highlight the diversity of work which takes place within Donegal Youth Service projects and youth clubs throughout the county.Mayor of Donegal County Council, Councillor Ian Mc Garvey was the special guest on the evening and gave an opening address which commended the young people on their work, reflecting upon the importance of participation and volunteerism within communities, urging the young people of Donegal to become “the designers of their future”. The first award presented on the evening was the Youth Initiative Award, an award which recognises the projects developed by young people within Donegal Youth Service. The nominees in this category included Donegal Youth Council for their Music For Life event, Club Oige Chriost Ri for their Community Event, with Letterkenny YIC Youth Media Group picking up the award for their mental fitness photography and media campaign.DYS Volunteer of the Year Nominee Alison Bell pictured with Doneyloop Youth ClubDonegal Youth Service has over 600 volunteers currently working with youth clubs and other DYS projects There were seven nominees for the youth club volunteer of the year award who were nominated by fellow volunteers, youth club committees and young people involved in the service. The nominees were: Declan Dorrian – Fanad Youth Club, Michael McLaughlin – Club Oige Criost Ri, Seamus Bradley – Planet Youth, Jim Ball – Malin Head Youth Club, Dermott O’Donnell – Cockhill Youth Club, Alison Bell – Doneyloop Youth Club and Mary Gallagher of Malin Head Youth Club, with Mary Gallagher named as a worthy winner. Mary has been an extremely dedicated volunteer with Malin Head Youth Club and was nominated by youth club members at the All Ireland Youth Sport Competition in Wexford in June 2013.The Youth Project Volunteer of the Year is a new award which has been introduced this year. The title of winner was awarded to Niall Mc Donagh, volunteer with the LOFT Letterkenny, himself a past participant of the project. Lorraine Thompson, Regional Director of Donegal Youth Service congratulated Niall his fellow nominees; Michael Brady, Daybreak, Richard McGuigan, Daybreak, Marie Rochford, LOFT.The Young Person of the Year Award is presented annually to recognise the young people who triumphed over adversity, dedicated themselves to participation, social enterprise, volunteering and altruism. The nominees for 2013 were Nora Doherty – Donegal Youth Council, Shannon Duncan – Daybreak, Eve Murtagh – LOFT & Yard, Brogan Walsh – Cockhill Youth Club, Sinead McFadden – Chriost Ri, Matthew Dougan – Youth Information Centre and Amy Lafferty – Doneyloop Youth Club. Given the high calibre of nominations, three winners were announced; Nora Doherty, Brogan Walsh and Matthew Dougan. DYS Runner up Youth Club of the Year Club Oige Chriost RiThis year, Donegal Youth Service initiated a Special Recognition Award reserved for those who go above and beyond the call of duty for the organisation. The inaugural recipients of this award are Ana and Sara, the two volunteer’s currently taking part in the European Volunteer Service programme. This is the sixth year that DYS has been involved in accepting and supporting volunteers from across Europe under this programme. Since their arrival, Ana and Sara have brought a dynamic energy to their placement. Their expertise in multimedia and design has strengthened the DYS brand and been put to great use in the development of media based projects within the organisation. They frequently go above and beyond the call of duty and all at DYS will be sad to see their placement come to an end shortly.The Board of Directors of DYS gave a token of appreciation was represented to the young people who represented their club and Donegal Youth Service at the Youth Work Ireland All-Ireland finals in Youth Games and Youth Factor in Limerick. Donegal was well represented at the finals with An Croi YC, Castlefinn YC, Club Oige Criost Ri, Fanad YC, Malin Head YC and Milford YC all making the journey to represent their county.Following this year’s Youth Sport and Youth Factor National Finals, Youth Work Ireland decided to award the “Fair Play” award to the club who demonstrated sportsmanship and positive attitudes to all things youth work during the All Ireland Games and Youth Factor. This award is presented to just one club nationally and Donegal Youth Service were delighted to be in a position to present the prize to Malin Head Youth Club for their commitment to showing support for their fellow Donegal Youth Clubs at the All Ireland event in June.DYS Young People of the Year AwardThe final presentation of the evening was the DYS Youth Club of the Year award. This award is presented to the club which participates in the most DYS activities, events and training. Runners up for 2012/13 year were Club Oige Criost Ri with joint winners Planet Youth and Malin Head Youth Club.The presentations were followed by performances by the Nameless from An Croi Youth Club followed by a group of drummers from Castlefinn Youth Club. Both groups represented their clubs and Donegal at the All-Ireland Youth Factor Competition where Castlefinn were winners in their category and overall winners of the Youth Factor Award. The night concluded with a global cabaret performance by the World Voices Group. This group of young people aged 12 to 21 have come together through Donegal Youth Service and reflect the multi-cultural make-up of contemporary Donegal. Its twenty members come from all parts of the globe including Ireland, Nigeria, Poland, Ghana, Brazil, Sudan and the Democratic Republic of the Congo. In recent months, the group have been taking part in the Regional Culture Centre’s on-going Songfest initiative, a Peace III funded project exploring traditional song in Ireland and the United Kingdom combined with the song traditions of the main new immigrant communities in Donegal, hailing from Europe, Africa and South America. The World Voices Group’s presentation mixed traditional Irish singing, spoken word in Arabic and English, Azonto Dancing, African Drumming, vocal ensembles, rap and closed the evening to rapturous applause following their performance of ‘Waving Flags’. In closing the evening, the Chairperson of Donegal Youth Service, Tracey Peoples, commended the work of all the young people involved in the evening. She noted that despite difficult times for the county, there is great vibrancy and dedication among the young people and volunteers and commented that “this is why we do this work”.DYS Special Recognition Award WinnerDYS Youth Club of the Year Winners Planet YouthDONEGAL YOUTH SERVICE – A REAL CAUSE FOR CELEBRATION! was last modified: November 12th, 2013 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Donegal Youth Servicelast_img read more

THREE CLUBS INTERESTED IN SIGNING FORMER FINN HARPS STAR STEPHEN MCLAUGHLIN

first_imgAt least three clubs are interested in acquiring the services of Nottingham Forest midfielder Stephen McLaughlin.Stephen McLaughlin looks set to leave Nottingham Forest. .McLaughlin helped Southend to play-off glory in May and manager Phil Brown is keen to sign the talented former Finn Harps and Derry City player.McLaughlin has failed to make the breakthrough at the City Ground and has made just NINE appearances for the club since signing in 2013. Manager Dougie Freedman has admitted that while he would prefer him to stay he realises McLaughlin needs games and is willingly to let him move on.Freedman said that at least three clubs are interested in capturing the versatile McLaughlin who can play all across midfield, and up front.Freedman told the Nottingham Post, “Stephen McLaughlin is a good member of the group, because he wants to play football. That is what he wants,” said Freedman.“If I cannot allow him to play football here, then it is only right (to let him move on). Southend are not the only club involved, there are others as well. “It is only fair for me to let Stephen know, next week, what my thoughts are. I will do that.” THREE CLUBS INTERESTED IN SIGNING FORMER FINN HARPS STAR STEPHEN MCLAUGHLIN was last modified: July 28th, 2015 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:newsSportlast_img read more

Sun as a Star: How Does It Compare?

first_imgNot too many years ago, our sun was described as a common, ordinary star.  More recently, the Type G2 Dwarf Main-Sequence class, of which Ol Sol is a member, is believed to comprise only 5% of all stars.  An important paper in Astrophysical Journal is now revealing that the sun is special within its class: it is unusually quiet and steady.    O. R. White, L. Wallace, and W. Livingston have just published results of a 32-year study of sunlight at the McMath Solar Observatory at Kitt Peak, Arizona.1  Even thought 32 years represents a third of a century, and half a percent of recorded history, it is rare to have a continuous data set for such a long period.  Now ready to retire from this long experiment, they discussed what they found.  Most of the paper describes details of particular spectral lines and how they vary with the 11-year solar cycle: doubly-ionized calcium lines, for instance, show clear oscillations.  Some spectral lines, from deeper within the sun’s photosphere (visible “surface”), show almost no variation.  They conclude that the deeper regions of the sun are immune from being heated by the cyclic rise and fall of magnetic disturbances.  This means the sun’s energy output is remarkably stable.    How our sun compares with other stars was discussed briefly.  “Some of our results,” they said, “… will be of interest to stellar astronomers.” It is again of interest in a stellar context to compare our mean H + K index values for the center disk with that of solar-type stars, particularly stars that may be considered Maunder-minimum candidates.2  Our mean center disk value could be indicative of the values to expect in especially quiescent stars, or even in the Sun during prolonged episodes of relatively reduced activity, as appears to have occurred during the Maunder minimum period.Astrophysicist M. S. Giampapa compared the integrated results with comparable stars.  The amount of variation in solar output was “about 10% less than the seasonal mean values, as measured over several seasons of observation, for even the most quiet solar-type stars,” he wrote.  “In any event, our mean center disk value in comparison with stellar observations appears to be representative of ‘immaculate photospheres,’ with little in the way of magnetic-field-related nonradiative heating.”3    In plain English, this means our sun is quiet and well behaved.  The cycles of magnetic energy that cause sunspots and flares somehow escape through the photosphere without heating the surface, resulting in a “solar constant” of energy output – constant, that is, compared with other G2 stars.  The discussion summarizes the finding: “Converted to stellar S [a normalized spectral measurement for all stars], the center disk Sun resides at a position of minimum activity, as found for the most quiescent solar-type stars.”    This has been a career-long project for the researchers.  “In summary, what have 30 years of spectral observations told us about the physical Sun?”  The solar constant varies only 0.06% both on short and long terms.  “That behavior has basically continued over the entire observational period, with no indication of cycle modulation or secular change.  We conclude that the basal quiet photosphere is constant in temperature within our observational error,” they said.1O. R. White, L. Wallace, W. Livingston, and M. S. Giampapa, “Sun-as-a-Star Spectrum Variations 1974-2006,” Astrophysical Journal, 657:1137-1149, 2007 March 10, 2007.2The Maunder Minimum was an unusual period of almost no sunspots from 1645-1715.  Maunder-minimum candidate stars would be those in a similar quiescent state.  Since telescopes were first trained on the sun, sunspot number has risen and fallen in a familiar 11-year cycle except for that 70-year period.  (There is a 22-year period superimposed on the 11-year cycle in which the polarity of the magnetic field reverses.)3Most of the sun’s heat comes from radiation.  An example of non-radiative heating would be the excitation of the sun’s photosphere from magnetic energy.  This apparently is not happening on the sun; the magnetic energy escapes between the granules.Congratulations to this team for their perseverance and steadfastness in achieving one of the longest data-gathering experiments in astrophysics.  In science, there is no substitute for data.  Speculation is cheap.  Carl Sagan used to yarn on about how ordinary is our neighborhood in the universe: “We live on an insignificant planet of a humdrum star, lost in a galaxy tucked away in some forgotten corner of a universe,” la-de-da-de-da-zzz.  Sounds so scientific till you look at the details.  Yes, there are other solar-type stars, but one in this class that is this quiet and constant now appears to be a rarity.  Combine that with all the other factors that make our world habitable, and it really does look more and more like we live on a Privileged Planet.(Visited 13 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

McKines wishes players well, hopes SMB wins Grand Slam

first_imgEthel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Lacson: SEA Games fund put in foundation like ‘Napoles case’ NATO’s aging eye in the sky to get a last overhaul Celebrity chef Gary Rhodes dies at 59 with wife by his side Don’t miss out on the latest news and information. The 29-year-old forward averaged 26.2 points, 14.2 rebounds, 4.4 assists, 1.4 blocks, and 1.2 steals in five games this conference but San Miguel went just 3-2 during that stretch. Robredo should’ve resigned as drug czar after lack of trust issue – Panelo The Beermen replaced McKines with Terik Bridgeman, who underwhelmed in his debut on Saturday, netting only two points on 1-of-4 shooting with six turnovers in the Beermen’s 90-79 defeat to Alaska.The loss sent San Miguel to only its second back-to-back losses this season.Sports Related Videospowered by AdSparcRead Next US Open glance: Muguruza vs. Kvitova highlights 4th round Photo by Tristan Tamayo/ INQUIRER.netWendell McKines aired his grievances on his Twitter account after San Miguel decided to go the other way and replace him as its import in the ongoing 2017 PBA Governors’ Cup.McKines also expressed his regret not being able to play more games alongside June Mar Fajardo and not finishing his job with the team.ADVERTISEMENTcenter_img Hotel says PH coach apologized for ‘kikiam for breakfast’ claim View comments Trump signs bills in support of Hong Kong protesters Celebrity chef Gary Rhodes dies at 59 with wife by his side ‘Excited’ Terrence Romeo out to cherish first PBA finals appearance PLAY LIST 01:30’Excited’ Terrence Romeo out to cherish first PBA finals appearance00:50Trending Articles01:27Filipino athletes get grand send-off ahead of SEA Games02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games I wish I would have played more than 1 full game with Junemar. I wish the players the best and hope they go get that grand slam.— Wendell Mckines (@Mr_WensdayFC) September 2, 2017FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games opening LATEST STORIES MOST READlast_img read more

3rd ODI: South Africa seamers wreak havoc to secure consolation win vs England

first_imgSeamers Kagiso Rabada and Wayne Parnell wreaked early havoc to set the platform for an easy South African victory in the third and final one-day International against England at Lords’ on Monday.South Africa won by seven wickets but lost the series after defeat in the first two games as both countries prepared for the start of the Champions Trophy this week.Rabada and Parnell decimated the English top order in the opening five overs and rendered the contest effectively over with England teetering at 20 for six. It was the first time six wickets had been taken inside the opening five overs of an ODI.England, who rested Ben Stokes and made four other changes after Saturday’s narrow victory in Southampton, were eventually dismissed for 153 after 31 overs to which the South Africans replied with 156 for three.Hashim Amla scored 55 before being bowled by debutant Toby Roland-Jones and Quinton de Kock (34) fell in the next over to Jake Ball.But JP Duminy (28 not out) and AB de Villiers (27 not out) saw their side through to victory with 20.1 overs to spare.South Africa’s bowlers used the seamer-friendly conditions to maximum effect as England’s batsmen fell like skittles, the first six wickets all coming from pitched-up deliveries.Rabada had out of form Jason Roy caught in the slips by Amla in the opening over and Joe Root, Eoin Morgan and Jos Buttler followed in quick succession to catches.Jonny Bairstow’s 51 saved England from the possibility of a worst ever ODI score. He struck eight fours off 67 deliveries, putting on 62 for the seventh wicket with David Willey and a further 52 with Roland-Jones, who was 37 not out at the end of the innings.advertisementBairstow was stumped off spinner Kershav Maharaj and England still had just under 19 overs to bat when Steven Finn chipped the ball to midwicket and was the last man out.Hosts England get the Champions Trophy underway against Bangladesh at The Oval on Thursday while South Africa play Sri Lanka at the same venue on Saturday.last_img read more

Konecranes Awarded Khalifa Port Automation Contract

first_imgzoomImage Courtesy: Konecranes UAE’s Abu Dhabi Terminals (ADT) has selected Konecranes to supply an automated stacking crane (ASC) system for the second construction phase of its container terminal in Khalifa Port.The second phase of the Khalifa Port Container Terminal (KPCT) involves a large expansion of the terminal area, infrastructure, container handling capacity, and the delivery of 54 Konecranes automated rail mounted gantry (ARMG) cranes.Konecranes earlier provided 52 ARMG cranes for the first phase of KPCT container terminal.The latest crane order will be similar to the equipment delivered in the first phase. The new cranes will have a lifting capacity of 40 tons, stacking 1-over-6 containers high. Thirty of the cranes will be nine-wide, and twenty-four will be eleven-wide.They will be equipped with automation controls and Konecranes’ Active Load Control (ALC) system, which combines advanced sway control and horizontal fine positioning.Inaugurated in 2012, KPCT is the region’s first semi-automated port and one of the most technologically advanced terminals, according to Abu Dhabi Terminals.last_img read more

If Canada has a plan to save Trans Mountain cabinet isnt saying

first_img“We are not going to negotiate in public nor make public threats,” he said.Kinder Morgan gave the government a deadline of May 31 to get reassurance for its investors the pipeline will come to fruition.Conservative natural resources critic Shannon Stubbs said she was “flabbergasted” the cabinet meeting produced no plan.“I think this a colossal failure in leadership,” she said.Iain Black, a former provincial Liberal cabinet minister in B.C. and now president of the Vancouver Board of Trade, said he is not surprised or disappointed there was nothing concrete out of cabinet.“I think the federal government is in some new territory here,” he said.Black said the issue has gone beyond the pipeline itself to a question of if Canada can follow the rule of law to get projects built. If it can’t, he said the impact on investment capital would be immense and crippling.He said he had cleared his schedule over the next three days because there is a lot of work underway within the business community in B.C. across all sectors to try and help get thispipeline project built.Black said Trudeau expended some political capital to approve the pipeline and, until now, he has handled the file in a non-confrontational, “very Canadian way.” But now, he said, the rubber is hitting the road and Trudeau is going to have to be bold.“If ever there was a ‘just watch me’ moment for this prime minister this is it.”Carr said earlier this week the government has legal, regulatory and financial options but did not specify what they are. Broadly, they include financial penalties for B.C., investing in the pipeline in some way to reassure investors and suing the B.C. government to exert jurisdiction. They could also ask the Supreme Court for a ruling on their authority, however, that option was discarded earlier this year because it would be a lengthy process and would imply there is some doubt about who has jurisdiction when Ottawa firmly believes there is none.Although Horgan has threatened to pass regulations that could prevent additional oil from flowing through B.C. on its way to foreign buyers, he hasn’t done so nor has he asked the courts to rule on whether he has jurisdiction to that. The threat alone has been enough to spook investors and without an actual regulation, there is nothing Alberta or Canada can sue over.B.C. is also part of a lawsuit against Ottawa arguing there was not proper consultation with Indigenous communities or other stakeholders when the pipeline was reviewed. A decision in that suit is expected any day.More than 30 Indigenous communities along the pipeline’s route support the project but there are many in B.C. which do not.In Ottawa on Tuesday, a few dozen pipeline protesters blocked commuter traffic on the edge of downtown outside McKenna’s constituency office. In Calgary, several hundred people turned up to rally in favour of the pipeline outside a provincial governmentbuilding.(THE CANADAIN PRESS) In a sign of the heat the cabinet is feeling over this, Sohi lashed out on Twitter earlier this week at B.C. New Democrat MP Kennedy Stewart for claiming victory after Kinder Morgan announced it is suspending all non-essential spending on the pipeline until it and its investors feel secure the project won’t be derailed by strong opposition from the B.C. NDP government.“Next time you fly between B.C. & Ottawa, give thanks to thousands of oil workers who enable you to do your job, while you & (Premier John) Horgan sabotage their livelihood,” Sohi responded. “Rest assured, your victory lap is temporary. We will use allavailable tools to get (Trans Mountain) built.”Finance Minister Bill Morneau said the government is “in discussions” with Notley, Horgan and Kinder Morgan. He is to meet Wednesday with Notley in Toronto but it’s not known whether he or another minister, intends to meet personally with Horgan.When asked if Canada would penalize B.C. financially if it doesn’t withdraw its opposition to the pipeline, something Alberta United Conservative party leader Jason Kenney wants to see done, Morneau clammed up. “I apologize in advance I’ve got one minute and I’ve got to catch a plane,” Natural Resources Minister Jim Carr said before making a very brief statement following the two-hour cabinet meeting.“The government is 100 percent behind this pipeline. It’s important for Canada. It was made in the national interests. We believe this is important for all regions of the country. We stand behind our decision.”When asked about Notley’s new suggestion of buying the pipeline entirely Carr repeated his comments from the last two days that there are many options on the table and Canada is considering all of them.Environment Minister Catherine McKenna repeated the statement in French and officially that was it.Infrastructure Minister Amarjeet Sohi, whose Edmonton seat could be at risk if the pipeline expansion fails, was cornered on his way out of the meeting. He wouldn’t discuss cabinet conversations in public but repeated that the government is 100 per cent behind the pipeline.“We will get it done,” Sohi said, before pushing out of the scrum of reporters and heading to his car.center_img OTTAWA, O.N. – The Trudeau government held an emergency cabinet meeting Tuesday aimed at salvaging the Trans Mountain pipeline expansion but did not come up with plan, at least not one ministers are prepared to talk about yet.Hours earlier, Alberta Premier Rachel Notley upped the ante, saying Alberta is not only prepared to invest in the pipeline, but it is also prepared to take it over entirely if need be.But federal ministers had nothing to say about how their government might convince, or force, British Columbia to back off and allow the pipeline to proceed.last_img read more