Return of the natives

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Capital gains

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China defends Wuhan pool party after viral video prompts outrage

first_imgA massive pool party attended by thousands of people at the epicenter of the coronavirus pandemic showed how well China had dealt with disease, authorities insisted Thursday, despite images from the event prompting outrage around the world.Pictures and video of the weekend electronic music party in Wuhan — where COVID-19 first emerged in December 2019 — have gone viral, attracting a huge negative response in places where lockdowns are still in effect.The headline “Life’s a beach in Wuhan as world pays virus price” — splashed across the front page of Australia’s Daily Telegraph — was typical of some mainstream news headlines, while comments on social media sites were more colorfully frank. Topics : Under fire But China said Thursday the pool party showed the city’s “strategic victory” against the outbreak, and said the images were proof the country’s approach to controlling the virus had been successful.”I saw relevant reports by AFP, and it is said that people in Europe and America were very shocked,” foreign ministry spokesman Zhao Lijian told a press briefing.”This shows that Wuhan has won a strategic victory in its fight against the epidemic,” he said.China has come under fire from around the world since the outbreak of the virus, which has infected over 22 million people and killed nearly 800,000.Beijing has denied US accusations that China covered up the initial outbreak and handled it badly.Zhao called on the media to “report the real situation in China” so people abroad could understand the country’s fight against the epidemic.Wuhan has not reported any new virus cases in months after undergoing a draconian lockdown and strict restrictions earlier this year.center_img China’s nationalist Global Times newspaper hit back against what it called “sour grapes” abroad.AFP’s video of the event has been viewed more than 16 million times since it was posted.One Twitter user called the event “incredibly irresponsible”, while another suggested there was “no way” it would not lead to more cases of coronavirus.last_img read more

EIOPA proposes dual options on creation of EU-wide third-pillar system

first_imgEIOPA, however, identified three major obstacles for the creation of a single market, namely taxation, social law and contract law.Within taxation, the largest barrier to EU-wide savings, its analysis highlighted four areas where member states’ taxation policies affected the single market.The transfer of accumulated capital proved a significant taxation obstacle, with transfers between providers in different member states currently subject to withholding tax, or prohibited entirely.Differences on taxation on contributions paid in, and benefits paid out, regarding non-domestic schemes also caused concern.EIOPA said, currently, no case law created by the European Court of Justice (ECJ) prevented the discriminatory treatment of savings in non-domestic providers.Alongside this, there are also significant differences in taxation policy on investment income, and in tax-relief arrangements on contributions, which vary widely among member states.Social and contract law has also proved problematic, with a lack of harmonisation across member states resulting in large product variety, EIOPA said.To combat this, the regulator provided the directive and regulation options.It said there was a strong case for a directive to establish a single market, given that common regulation already exists for the majority of personal pension providers.With regards to a second regime, EIOPA said there was strong interest to further explore the pros and cons of such an approach, as its own analysis should not been seen as exhaustive.It added that any new regime would also need tackle the de-cumulation stage, and that it would need to focus more on defined contribution products and product standardisation.Gabriel Bernardino, chairman at EIOPA, said its conclusions were consistent with stakeholder contributions, which agree that a single third-pillar market would benefit consumers, providers and the EU economy.“Pensions should be dealt with from a European perspective,” he said. “EIOPA is committed to strongly promote this single market for pensions.“Our report should lay the foundation for future EU initiatives aimed at fostering sustainable, adequate and safe pensions for EU citizens.” The European Insurance and Occupational Pensions Authority (EIOPA) has written to the European Commission to submit its initial analysis on the creation of a single market for third-pillar pensions.The Frankfurt-based regulator was requested by the Commission to submit a report looking at the required prudential regulations and consumer-protection measures required to form an EU-wide single market for personal pensions.In its initial response, EIOPA has identified two feasible options, a directive to introduce common rules for current and future third-pillar savings, or regulation to create a new regime for common EU savings vehicles.The regulator said its finding supported either option, in its correspondence with the Commission.last_img read more

Ronaldo missing as Mbappe leads race for most valuable players

first_imgWho is the best footballer on the planet right now: Lionel Messi or Cristiano Ronaldo? That argument has been furiously debated for over a decade now. Kane could now opt to leave North London in a bid to finally win some silverware after 16 years at the club, including his youth years. 5. MOHAMED SALAHLiverpool – £141m Mohamed Salah has been in the form of his life since joining Liverpool PART of Liverpool’s fearsome front-three, Salah is unrecognisable from his Chelsea days now in Anfield red. Skilful on the ball, devastatingly quick and with a ferocious left foot, there’s little wonder Salah is valued at £141m. A target of Real Madrid in recent seasons, Salah is only let down by his occasional tendency to avoid looking up and playing that killer final ball, instead opting for the shot. That said, he’s still managed 16 goals and six assists this season…4. SADIO MANELiverpool – £141m Sadio Mane has been in electric form for the Reds this season LEVEL with his Reds team-mate is another part of that world-beating trio, Mane. The Senegalese star has arguably been Liverpool’s best player this season – scoring 14 times and adding seven assists – as they sit 25 points clear in their bid to win their first-ever Premier League crown. An outrageously talented winger, Mane is adept at cutting inside and terrorising defenders and seamlessly switching positions with Roberto Firmino to create space. 3. NEYMARPSG – £151m Neymar sits third on the list – and could move back to Barcelona in the summer THE marmite of football, you either love him or hate him… Brilliantly talented, on his day Neymar is utterly unplayable – but his tendency to spend half the game on the ground can certainly irk football fans,. Valued at £151m, joint second on this list, he is now worth LESS than the £198m PSG paid for him in 2017. 2. RAHEEM STERLINGMan City – £151m Sterling has gone from strength to strength under Guardiola LEVEL with the Brazilian is Man City and England superstar Sterling – whose progression under Pep Guardiola has been phenomenal. Now boasting a clinical edge in front of goal, Sterling certainly has his best years ahead of him at just 25 years old. Valued at £151m, you could see Sterling being the world’s most-expensive footballer one day, should he leave City – but there’s one problem… 1. KYLIAN MBAPPEPSG – £189m World Cup winner Mbappe is the most valuable player on the planet Read Also: Ronaldo sunbathes shirtless at home as partner goes shopping …AND that problem is called Kylian Mbappe. The France superstar is even younger than Sterling at just 20 years old – and he’s already arguably the best striker on the planet. Devastatingly quick and with more than an eye for goal, fans are itching to see what Mbappe can do outside of Ligue 1. And they may just get their wish, with Real Madrid said to be keen on signing him this summer. It’s hard to see him not becoming the first £200m footballer, either… FacebookTwitterWhatsAppEmail分享 Promoted ContentCouples Who Celebrated Their Union In A Unique, Unforgettable WayThe Best Cars Of All TimeWhich Country Is The Most Romantic In The World?7 Ways To Understand Your Girlfriend Better8 Best 1980s High Tech GadgetsCan Playing Too Many Video Games Hurt Your Body?7 Mysterious Discoveries From All Around The WorldEvery Movie Starring Sylvester Stallone From Best To Worst20 Facts That’ll Change Your Perception Of “The Big Bang Theory”5 Of The World’s Most Unique Theme Parks10 Risky Jobs Some Women Do6 Unforgettable Shows From The 90s That Need To Make A Comeback Loading… But apparently, neither is the most-valuable player on the planet, according to Transfermarkt. Of course, value is subject to many factors, including age, contract length, club and international caps. We’ve broken down which stars make the top ten, in reverse order – and Ronaldo doesn’t even make the cut… 10. ANTOINE GRIEZMANN Barcelona – £113million Griezmann just cracks the top ten most valuable players in the world THE Barcelona striker, 28, is arguably reaching the peak years of his career now at the Nou Camp. After a hugely successful spell at Atletico Madrid, Griezmann is now a World Cup winner with France. 9. JADON SANCHO Borussia Dortmund – £113m Jadon Sancho is sought after by the likes of Chelsea and Man Utd THE England superstar is being tipped with a move back to the Premier League having left Manchester City for Borussia Dortmund in 2017. Manchester United, Liverpool and Chelsea are just a few teams desperate to sign the flying winger – who, incredibly, is still learning his trade at just 19-years-old. Dortmund have all-but admitted they know they will lose their star man this summer – but they can certainly be credited with his rapid development from unknown youngster to world superstar. 8. LIONEL MESSIBarcelona – £132m Lionel Messi has slipped to eighth in the list of most valuable players ONCE the most-valuable player on the planet, Messi has slipped down the list to eighth worth “only” £132m. The Argentine is now 32-years-old and with his current contract at Barcelona running down, his value is only lowered for those reasons. Regardless, Messi is still one of the best players on the planet and has many more years to give at the pinnacle of world football. 7. KEVIN DE BRUYNEMan City – £141m De Bruyne sits above Messi in the list of most valuable stars THE best passer in the world, a two-time Premier League champion and part of the Belgium side that came third at the 2018 World Cup… There’s absolutely no doubt De Bruyne is one of the best players ever to grace the game with his elegant play in the heart of the pitch. At £141m, De Bruyne feels arguably a bit under-priced…6. HARRY KANETottenham – £141m Harry Kane has netted 17 goals in 25 appearances this season ENGLAND’s captain and talisman, Kane is another star valued at £141m by Transfermarkt. Cruelly struck down by injuries during his career, you can only dream what the Spurs star could have become without them.last_img read more

Qualified theft rap sends woman to jail

first_imgBACOLOD City – Charged with qualifiedtheft, a woman was nabbed in Barangay Tinampaan, Cadiz City, Negros Occidental. Perocho was caught on the strength ofan arrest warrant around 12:15 p.m. on Friday, the report added. The suspect was detained in the CadizCity police station’s lockup facility. A P40,000 bail bond was recommendedfor Perocho’s temporary liberty./PNcenter_img Police officers served the warrantissued by Judge Lorencito Diaz of the Regional Trial Court Branch 17 in RoxasCity, Capiz dated May 7, 2019. The 19-year-old former housemaidSheila Perocho was tagged suspect, a police report showed.last_img read more

Wigan want new buyer to pay the club’s wages

first_img The administrators want around £7-8m from the new owner who will also have to show funds for two years to the EFL. Ironically that number has dropped since relegation, with around £20m needed to hold in reserve. The admin process has been difficult so far. read also:How Super Eagles defender celebrated Wigan’s 8-0 white-wash against Hull City A second was due to sign on Thursday by noon AND hand over a £100,000 deposit. The time frame is made worse by the fact Wigan are appealing against the 12-point for going into administration that sent them down. That hearing is also on Friday, with a decision due soon after and hopefully before the EFL confirm promotion and relegation at a meeting a week later. In a further twist, if Wigan are successful then the new buyer would then have to pay MORE wages as the players would still be on Championship terms. FacebookTwitterWhatsAppEmail分享 Wigan’s administrators want a new buyer to pay the crisis club’s wages next week. The hard-up outfit face a financial headache as they try to sell players in a hurry to sort out their bills. But this new demand has shocked potential bidders who will have to fork out around £1million in salaries immediately. Paul Cook’s squad are due to their August paycheques in full and the administrators want a buyer to sign up for this as they struggle to raise the funds by player sales. Most will have cuts in their deals after relegation while some will have left to reduce the amount from its previous £1.6m level. But it is an instant extra demand when any buyer is already under huge pressure to exchange contracts by Friday. If the Wigan players cannot be paid within a fortnight then they can ALL give the notice to leave for nothing, putting the club on the brink of meltdown. This has put off some prospective buyers who are already anxious about the overall price of taking on a League One club.Advertisement Loading…last_img read more

Starbucks Apologizes for Asking Officers to Leave or Move

first_imgSupporters of the police have already launched a #boycottstarbucks campaign on Twitter.However, critics of that boycott effort say the campaign ignores alleged racist police behavior and police brutality that have recently made some people feel unsafe around officers. Starbucks is apologizing, after an employee at one of its stores in Tempe, Arizona, reportedly asked six police officers to leave or to change their location in the store when another customer reported feeling unsafe.In a statement, the company says it has “deep respect for the Tempe Police Department” and was apologizing “for any misunderstanding or inappropriate behavior that may have taken place” during the incident, which took place July 4.According to the Tempe Officers’ Association, the officers had purchased their drinks and were standing together, when the barista made the request on behalf of the other customer.Association President Rob Ferraro said in a tweet, “This treatment of public safety workers could not be more disheartening. While the barista was polite, making such a request at all was offensive. Unfortunately, such treatment has become all too common in 2019.”Don’t appreciate @Starbucks asking our #Tempe cops to leave your establishment on the #4thofjuly2019. Several of those cops are #veterans who fought for this country! #ZeroRespect— Tempe Officers Association (@ToaAz) July 5, 2019last_img read more

R&D Engineering Inc. supports Jefford Classic X

first_imgR&D Engineering Inc. on Wednesday handed over its support for the upcoming Jefford Track and Field Classic X, scheduled for Sunday, August 11 at the Mackenzie Sports Club (MSC) ground, Linden.Founder of the Classic, Edison Jefford, thanked the construction company for its support, indicating that the gesture will sponsor the Masters Male 60m and one other event. Jefford said that the cash incentives will go directly to the athletes as opposed to the clubs.According to Jefford, securing the athletes’ cash prizes was a top priority of his and he is heartened by the support to ensure that the athletes are rewarded properly after they compete at the meet in Linden. He said that athletes will collect their incentives immediately at the prize-giving ceremony after their respective events.A total of $2M will be handed out directly to the athletes in Linden. Each event carries a total purse of $80 000 with the winner carrying home $40 000, second place $25 000 and third place $15 000. Jefford indicated that he has already secured the athletes’ cash prizes and medals.Managing Director of R&D Engineering, Reginald Roach, said that his company will continue to be associated with Jefford and is proud to offer him support for a venture he came to him with many years ago.last_img read more