Under-17 World Cup is one I will always remember, says Nwankwo Kanu

first_imgFormer Nigeria forward Nwankwo Kanu on Friday said the 1993 U-17 World Cup is a tournament he will always remember being part of and the youth showpiece played a big role in shaping his career.”It’s something that I’ll always remember. That was a stepping stone for me,” Kanu who is one of the FIFA legends taking part in the draw, told FIFA’s official website.”That World Cup made me. Being at the World Cup knowing that they had been doing well, it was a big challenge for the young ones to follow in the footsteps of the ones who have been here and won it (in 1985).”There was a little bit of pressure on us to come in and do well. When we arrived and saw the atmosphere, how everybody was buzzing, we believed that we could do well,” the former West Bromwich Albion player who scored a hat-trick on his debut at that level, an 8-0 win against Canada at Japan 1993, before going on to lift the trophy with Nigeria, said.Former Argentina midfielder Esteban Cambiasso added: “: In its history, we call the tournament the ‘U-17 World Cup’, but in the moment that you’re playing it and living it, it’s the World Cup, it’s not the U-17 edition.”Cambiasso said playing for the country at that level for the first time is a special feeling.”You never think about the age, you’re thinking that it’s your World Cup. In that moment, it’s the highest level. Playing for the first time for your country is one of the best feelings.advertisement”The first time with your country, your first World Cup, it’s amazing. For me that third place was very good. The first objective that a country has is to play until the final day, and we did. OK, I’d prefer to win the cup, but when I think back now, I’m very happy with our performance.”The U-17 World Cup starts October 6 with the final slated to be played on October 28.last_img read more

After note ban, GST dents India Inc profits: Icra

first_imgMumbai, Aug 29 (PTI) Introduction of the GST has hurt revenue growth and led to a major contraction in profit margins for India Inc, which was just coming out of the demonetisation reverses, a report said today.The growth in aggregate revenues of 448 companies slowed down to 5.3 per cent over the preceding January-March period as against the 8.3 per cent growth witnessed for the quarter-ago period and 10.6 per cent in the year-ago period, said the report by domestic ratings agency Icra.It was a much pronounced impact on the bottomlines, with the margins contracting by as much as 1.80 per cent to 15.7 per cent on a year-on-year basis, one of the slowest in many years, the report said.”Lower primary sales ahead of the GST roll-out and discounts offered by companies to clear pre-GST inventory, played a key role in depleting earnings, especially in sectors like automobiles, consumer durables and Fast Moving Consumer Goods (FMCG),” it said, explaining the margin impact.The impact in performance has happened when corporate India “had started showings signs of recovery from the demonetisation move,” Icra said.This was largely because consumption-oriented sectors witnessed a de-stocking ahead of the implementation of the Goods and Services Tax (GST) — the biggest indirect tax reform — from July 1, it said.Apart from the GST, recovery in raw material prices, especially metals and rubber also led to contraction in earnings across few sectors, while sector-specific dynamics like increasing competitive pressure in telecom and regulatory hurdles in pharmaceuticals played a spoil sport, it said.advertisementA recovery in raw material costs also contributed to margin pressure, especially in the automobile sector, which also had carry over impact of transition to BS-IV, the ratings outfit said.For the telecom sector, it was the aggressive play by new entrant Reliance Jio that impacted other companies, it said, adding cost of data services tumbled by up to 50 per cent during the quarter. PTI AA RSYlast_img read more

Govt employees suspended for trespassing girls? hostel

first_imgKendrapara (Odisha), Oct 12 (PTI) Two employees of the Schools and Mass Education department were today placed under suspension on the charge of trespassing into girls? hostel during a district schools sports event here. Physical inspector Ananta Charan Naik and fourth grade staff Satyabrata Pati faced accusation of making their way into the rooms where girl students participating in sports event were lodged. They had allegedly trespassed into Rajkanika girls? high school where the participants were provided accommodation on September 22-23. Both of them have been placed under suspension on the basis of an inquiry committee report, said Kendrapara District Education Officer Sangam Sahoo adding that the headmistress of the school Latika Manjari Das had been served with a show cause notice for allegedly allowing the duo to enter the premises after sunset. PTI COR AAM PR SNPlast_img read more

Syed Mushtaq Ali T20: Bengal outclass Chhattisgarh, Karnataka win 6th match on the trot

first_imgBengal put up an all-round show to prevail over Chhattisgarh by 26 runs and register their second successive win, that kept alive their Super League hopes in Group D of the Syed Mushtaq Ali Twenty20 tournament on Thursday.Abhimanyu Easwaran top-scored with a 41-ball 59 (3x4s, 2x6s) while skipper Manoj Tiwary struck a quickfire 42 from 27 balls, studded with three sixes to help Bengal post a stiff 188 for four after being put into bat at the DRIEMS Ground in Tangi.Fresh from his century against Arunachal Pradesh on Wednesday, Wriddhiman Saha failed to make it big, getting out for 26 but after his departure Tiwary along with his deputy Abhimanyu put on 86 runs in quick time to take Bengal ahead.Later, it was some power hitting by Vivek Singh (30 not out from 18 balls; 3×4, 1×6) and Ritwik Roy Chowdhury (13 not out from nine balls) that propped up Bengal’s total with the duo notching up 39 runs in last three overs.In reply, Sayan Ghosh (4/32) bowled brilliantly at the death while Ishan Porel (3/25) grabbed the top three, which included the wicket of Chhattisgarh captain Harpreet Singh (54 from 36 balls; 3x4s, 4x6s) to restrict their opponents to 162 for nine.Ashok Dinda grabbed 2 for 34 as the Bengal pace trio shared nine wickets between them to seal their fourth win.With two matches to go, Bengal (16) remained on the second spot ahead of Haryana (16) on net-run rate.Karnataka, on the other hand, remained firmly at the top of the table with 24 points after their sixth win on the trot when they hammered hosts Odisha by 51 runs at the Barabati Stadium here.advertisementOpener Rohan Kadam cracked his third half-century of the tournament in a 59-ball 89 (10x4s, 2x6s) to take Karnataka to a challenging 155 for nine after being sent in.Wickets kept on falling around him but Kadam held his fort and batted till the final over to lead his side to a winning total.In reply, Odisha batsmen put up a sloppy display and failed to get going to be bundled out for 104 in 18.1 overs with leg-spinner KC Cariappa (4/15) and medium pacer V Koushik (3/8) inflicting bulk of the damage.Brief Scores:At Barabati Stadium: Assam 80/9 in 15 overs (Sumit Kumar 4/20) lost to Haryana 81/3 in 8.4 overs (Yashu Sharma 26) by seven wickets.Karnataka 155/9 in 20 overs (Rohan Kadam 89; Biplab Samantray 2/10, Pappu Roy 2/21) beat Odisha 104 in 18.1 overs (Suryakant Pradhan 32; KC Cariappa 4/15, V Koushik 3/8, Jagadeesha Suchith 2/27) by 51 runs.At DRIEMS Ground: Bengal 188/4 in 20 overs (Abhimanyu Easwaran 59, Manoj Tiwary 42, Vivek Singh 30 not out; Shivendra Singh 2/28) beat Chhattisgarh 162/9 in 20 overs (Harpreet Singh 54, Amandeep Khare 30; Sayan Ghosh 4/32) by 26 runs.Mizoram 122/8 in 20 overs (Taruwar Kohli 52; Akhilesh Sahani 4/35) lost to Arunachal Pradesh 125/2; in 11.4 overs (Samarth Seth 66 not out) by eight wickets.Also Watch:last_img read more

Pique: It’s Barca or nothing for me!

first_imgPiqué ‘It’s Barcelona or nothing’ – Pique wants lifelong stay Joe Wright Last updated 1 year ago 00:50 1/30/18 FacebookTwitterRedditcopy Comments() gerard pique - cropped Getty Images Barcelona Espanyol Primera División The 30-year-old centre-back signed a new deal with the Catalan club and plans to remain there until the end of his playing days Gerard Pique says he did not consider leaving Barcelona before signing his new contract, insisting it’s the Camp Nou club “or nothing” for him.The centre-back committed a new deal this month that will see him tied to Barca until 2022, when he will be 35, and he has every intention of retiring at the club.”I always had the feeling I was going to stay and I never considered another option. I hope to stay for life,” he said at a press conference. 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 “Obviously I thought about my family and my kids, who don’t want to move. I hope to keep being competitive until I retire, and I hope that’s here. It’s Barca or nothing.”Despite enjoying a superb season for the LaLiga leaders, Pique says he still plans to call time on his international career after the World Cup in Russia.”The most logical thing is to leave after the World Cup,” he said. “There are stages in life in which you have to bring things to a close because of motivation.”The national team has given me a lot but it’s the normal thing to leave the national team when the World Cup ends.”The 30-year-old was caught up in another controversy recently when he caused a row with local rivals Espanyol following their Copa del Rey quarter-final win.Speaking after the 2-0 second-leg victory last Thursday, which ensured a 2-1 aggregate triumph, Pique referred to Barca’s neighbours as “Espanyol de Cornella”, implying they should no longer be considered a Barcelona club since their move to the Catalan municipality of Cornella de Llobregat.Espanyol asked the Spanish Football Federation (RFEF) to investigate the remarks, accusing Pique of using “a clearly derogatory tone”, but the centre-back is not taking his words back.”I don’t regret it and I don’t think I’ll talk about this topic,” he said. “I’m here for the career I’ve had at Barca and I want to enjoy it. “I’m going to play on Saturday or Sunday and I’ll give you headlines in the mixed zone, if you like.”Pique went on to use the example of basketball side Juventud de Badalona to support his comments, adding: “Juventud played this weekend at the Palau [the arena in Badalona]. They are Juventud de Badalona. Espanyol are from Cornella, that’s a no-brainer.”The Spain international is no stranger to controversy, but he believes he has mellowed somewhat this season when it comes to antagonising fierce rivals Real Madrid.”You will not see a word against Madrid, nor have I spoken about Madrid this season,” he said. “Sometimes you’re more involved in controversy and at other times you’re disconnected. I don’t know. We’ll see.”To analyse it well, you’d have to be in both places. When things go well here, they’re not going well there. We’re going to enjoy it until the end of the season and we’ll see if we can win titles.”last_img read more

Seattle Seahawks Release Former 2nd-Round Pick Malik McDowell

first_imgThe NFL logo in the middle of Metlife Stadium.EAST RUTHERFORD, NJ – JANUARY 08: A detail of the official National Football League NFL logo is seen painted on the turf as the New York Giants host the Atlanta Falcons during their NFC Wild Card Playoff game at MetLife Stadium on January 8, 2012 in East Rutherford, New Jersey. (Photo by Nick Laham/Getty Images)A former college football star was released from his NFL team on Saturday afternoon. According to a report from Ian Rapoport, the Seattle Seahawks have finally moved on from former second-round pick Malik McDowell.Seattle selected the former Michigan State star early in the second round after NFL teams fell in love with his combine performance. Unfortunately an accident nearly derailed his NFL career.Just a few week before training camp kicked off, McDowell was involved in an ATV accident. He never played a down for the Seahawks in his first two seasons with the club.Here’s the report from Rapoport.The #Seahawks are finally and officially releasing former high draft pick DT Malik McDowell, source said. He will be on waivers and would like to continue his football career.— Ian Rapoport (@RapSheet) March 2, 2019Seattle attempted to move on from the former Spartan when the team released him in July 2017. However, he went unclaimed and reverted back to the Seahawks’ non-football injury list.He’ll finally get the opportunity to move on with his NFL future and get the chance to prove he can still play at the highest level.The former No. 35 overall pick in the 2017 NFL Draft hits the open market when the new league year kicks off on March 10. It’ll be interesting to see if any NFL team takes a chance on McDowell.Stay tuned for the latest NFL free agency news.last_img read more

Provincial I3 Technology StartUp Competition Launched

first_imgNova Scotia start-ups have a chance to compete for up to $225,000 through Innovacorp’s provincial I-3 Technology Start-Up Competition. The I-3 competition, launched today, Sept. 4, finds and supports high potential, early stage knowledge-based companies, and encourages entrepreneurial activity across the province. “Knowledge-based companies like the ones this competition discovers are key to sustaining a thriving economy in Nova Scotia,” said Economic and Rural Development and Tourism Minister Graham Steele. “Innovacorp’s I-3 competition supports the jobsHere priorities of innovation and competitiveness.” The competition will take place in five geographic zones across the province. Each zone winner is awarded $100,000 in cash and in-kind business building services with the second place zone winners taking home $40,000 in cash and services. New this year are cash awards of $25,000 each for the best overall submission in information and communications technology, life sciences, clean technology and oceans technology. An overall provincial winner, selected from the five zone winners, will receive an additional award of $100,000 in seed investment from Innovacorp. Innovacorp ran a pilot I-3 competition in Cape Breton in 2006, then held three provincial competitions. Over the years, the competition has received 414 start-up company submissions. “There’s an increasingly high level of entrepreneurship happening across Nova Scotia,” said Stephen Duff, president and CEO of Innovacorp. “We look forward to cherry picking the best new ventures the I-3 competition discovers and being a part of their future success.” Zone 1 includes Cumberland, Colchester, Pictou, Antigonish and Guysborough counties; Zone 2 includes Lunenburg, Queens, Shelburne and Yarmouth counties; Zone 3 includes Digby, Annapolis, Kings and Hants counties; Zone 4 includes Halifax Regional Municipality; and Zone 5 includes Victoria, Cape Breton, Inverness and Richmond counties. A six-person judging committee in each zone will consider the quality of the idea, the strength of the management team and the clarity and persuasiveness of the written and oral presentation. Entrepreneurs have until 5 p.m., Friday, Oct. 18, to submit entries. The zone winners will be announced Jan. 27, and the provincial winner and sector winners will be announced Feb. 12. Submissions can be completed online at www.innovacorp.ca . Innovacorp is Nova Scotia’s early-stage venture capital organization. It helps knowledge-based companies commercialize their technologies and succeed in the global marketplace through investment, incubation and expert advice.last_img read more

Pope Francis Supports Statement That Islam and the Koran Are Peaceful

Miami – Just a few months after Pope Francis gave positive declarations about Islam and was supported as much as he was criticized, the British Daily Mail has resurfaced a short video of the Pope, on the topic of Islam.Argentinian-born Pope Francis speaks to reporters aboard an aircraft headed back to Rome from a three-day trip to Turkey.At a time when extremist religious beliefs have negatively affected the world and generalized stereotypes are constantly creating controversy, Pope Francis conveys a simple but assertive message of peace by describing how terrorism has obscured positive views of Islam. “On, Islamophobia, it is true that when one sees these terrorist acts, not only in this region, but also in Africa, there is this reaction: ‘If this is Islam, I am going to get angry’, and so many Islamic people are offended”, said the religious leader in Italian.He goes on to reassure his remark and shares a reaction of the Muslim majority to these assumptions. “Many, many say: ‘No, we are not this, the Koran is a book of peace; it is a prophetic book of peace’. That [terrorism] is not Islam”, said the Pontiff.It is not the first time Pope Francis opens up about his tolerance and what some consider “liberal views”.He has been called the modern Pope, the liberal Pope, and his declarations make the news at all media levels regardless of the subject. His charismatic personality and his humble simplicity are undeniable.Media outlets and social media users of all countries and religions have an interest on what he has to say. This video which has gone viral was no different.There are millions of Islamic people in the world who follow the Koran and whose actions and lives are peaceful and disciplined. It is unfair to regard them as violent individuals and blame an entire religion for the terrorizing acts of extremists.World peace and acceptance is a must in which unbiased and knowledgeable information can lead us to unification.© Morocco World News. All Rights Reserved. This material may not be published, rewritten or redistributed without permission read more

Closing Bell TSX ends 2013 trading on a high note nets 955

TORONTO — The Toronto stock market closed higher Tuesday as investors closed the books on a year that saw a solid advance.The S&P/TSX composite index climbed 40.16 points to 13,621.55 with gains for the day led by the battered gold sector, by far the biggest loser on the Toronto market this year.The TSX ended 2013 up 9.55% for the year, with the advance racked up over the last five months.“The back half of the year was really the inflection point,” said Craig Fehr, Canadian markets specialist at Edward Jones in St. Louis.He observed that was the point where the market started to transition from one that was driven by central bank stimulus to an environment where investors started to focus more on economic fundamentals.“And that’s a healthy transition,” added Fehr.The Canadian dollar closed up 0.04 of a cent to 94.02 cents US.U.S. indexes also ended the year higher as traders digested a mixed bag of data on home prices, consumer confidence and manufacturing.The Dow Jones industrials rose 72.37 points to a new closing high of 16,576.66, adding up to a gain of 26.5% for 2013. The Nasdaq was ahead 22.39 points to 4,176.59, up 38% this year to its highest level in 13 years. The S&P 500 index was up 7.29 points to 1,848.36 for a gain of 29% for 2013, its best year since 1997.The gains on the final trading day of the year came as Standard & Poor’s/Case-Shiller 20-city home price index rose 0.2% from September to October, down from a 0.7% increase from August to September, as higher mortgage rates weighed on sales and dampened the housing recovery.For the year, U.S. home prices reflected big gains in earlier months. They rose 13.6% over the past 12 months, the fastest pace since February 2006 — before the U.S. real estate crash.Other data showed the Chicago Purchasing Managers Index, a key reading on manufacturing in the American Midwest, slowed during this month, falling to 59.1 from 63.Also, the U.S. Conference Board said its consumer confidence index for December came in 78.1, up sharply from 72 in November.TSX gains for the year would have been greater if not for deep losses in the mining sectors. The gold sector fell about 48% for the year while the precious metal has fallen about 28%, the first annual loss since 2000.Gold prices have taken a big hit this year as the global economy gradually improved and the U.S. Federal Reserve made moves to cut back on its monthly bond purchases, a key area of stimulus.On Tuesday, the gold sector was the major advancer, up just over 2% while the February contract on the Nymex shed early losses to move up $1.50 to US$1,202.30 an ounce. Barrick Gold (TSX:ABX) climbed 51 cents to C$18.71.In addition to the big losses in gold, the base metals component has retreated 21% as an uneven global recovery kept the lid on commodity prices.The base metals group was also ahead 0.77% on Tuesday with March copper up a penny at US$3.40 a pound. Teck Resources (TSX:TCK.B) was ahead 35 cents to C$27.65.Outside of the mining sectors, most TSX sectors did quite well for the year.“Roughly half of the TSX sectors are up double digits or more for the year,” said Fehr.“And when you look at industrials, consumer discretionary, there are some very strong gains and I think the investments that were really tied to fundamental growth, better manufacturing, consumer spending around the world, those are areas that did exceptionally well.”Financials were up 22% for the year. Insurance companies were particularly strong performers as companies benefited from strong stock market gains and rising bond yields.Industrials also had a good year, up about 35% as railroad stocks shot ahead, helped along in large part by rising shipments of crude oil. Fresh questions about rail transport safety for crude will be asked after a 1.6-kilometre-long train carrying crude oil derailed outside of the town of Casselton, North Dakota on Monday. BNSF Railway Co. said it believes about 20 cars caught fire after its oil train left the tracks Monday afternoon.The consumer discretion sector jumped about 40%. Many stocks almost doubled over the past 52 weeks, including auto parts makers Magna International (TSX:MG), Linamar Corp. (TSX:LNR) and Martinrea International (TSX:MRE).The TSX energy sector was ahead 0.47% Tuesday, for a gain of about 9.5% for the year. The February crude contract on the New York Mercantile Exchange closed 87 cents lower to US$98.42 a barrel. Canadian Natural Resources (TSX:CNQ) advanced 36 cents to C$35.94.Most TSX sectors were positive but the tech sector shed 0.3%. However, BlackBerry (TSX:BB) gained 18 cents to $7.90, a long way from its 52-week high of $18.49. Prices started to plummet mid-year when it became apparent its new lineup of smartphones had widely missed expectations.The Canadian Press read more

Iraq UN human rights expert wraps up visit first after 10year hiatus

Ambassador Andreas Mavrommatis, Special Rapporteur of the UN Commission on Human Rights, concluded a three-day “exploratory” mission during which he had, in general, “a meaningful exchange of views with the Government on human rights issues,” according to a statement released in Geneva by the UN Office of the High Commissioner for Human Rights. The Special Rapporteur, who is now preparing to report to the Commission at its annual meeting next month, “expected that this dialogue might be continued in the future with a view to achieving concrete positive results,” the statement said. “Given the nature and duration of the mission, only a pre-selected number of human rights issues were discussed during those meetings, including the question of missing persons and prisoners of war, the right to life, religious freedom, rule of law, the rights and status of minorities, the situation of women as well as economic and social rights,” the statement said. During the visit, Ambassador Mavrommatis’s delegation met with several Government ministers, parliamentarians, politicians and religious dignitaries, as well as two prominent Kurdish persons from Baghdad. The delegation also held discussions with the president and judges of a criminal court in Baghdad, and with the chairman and members of the Iraqi Bar Association. According to the Special Rapporteur, the meetings with Foreign Ministry officials, including those from the Department for Human Rights, “constituted the first step in a proposed constructive dialogue.” The UN delegation visited two prisons, a hospital for children, a food distribution outlet, a local primary school in Baghdad, as well as religious sites in Baghdad and Kerballa. The Special Rapporteur also met with the UN Humanitarian Coordinator in Iraq, Tun Myat, and other senior UN officials, who, he said, “provided useful background information.” Prior to this visit, the Government of Iraq had accepted only one mission, conducted in 1992 by the then Special Rapporteur, Max van der Stoel. read more

Central Bank revises Govts economic growth projections downwards …says if political

Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedGuyana’s import bill increases to US$1.8B for 2018July 1, 2019In “Business”Finance Minister reports ‘dismal’ 2.6% real growth rate as economy slumps further in 2016November 29, 2016In “latest news”3.4% economic growth expected for 2018- Finance MinisterNovember 26, 2018In “Business” Finance Minister Winston JordanDuring his budget speech last year, Finance Minister Winston Jordan had announced that real economic growth is expected to be 4.6 per cent in 2019. However, figures released recently by the Bank of Guyana have downsized this prediction.According to the central bank in its 2018 Annual Report, Guyana’s economy is actually projected to grow by 4.4 per cent by the end of 2019. According to the report, various productive sectors are expected to record growth.“The economy is projected to grow by 4.4 per cent at the end of 2019 on account of growth in the major economic sectors. The agriculture sector is expected to increase by 3.2 per cent, due to the increases in other crops by 4.0 per cent, production of rice by 3.4 per cent and the output of sugar by 3.2 per cent.“The mining and quarrying sector is forecasted to expand by 3.4 per cent due to increases in the production of bauxite by 10.0 per cent and gold by 1.7 per cent. The services industry is estimated to grow by 3.7 per cent on account of higher outturns of wholesale and retail trade by 5.0 per cent and transportation and storage activities by 3.5 per cent,” the report states.Meanwhile, the report projected that Guyana’s construction and manufacturing industries are projected to increase by 10.5 per cent and 3.8 per cent respectively. It also projected that inflation rates would be measured at 2.5 per cent owing to moderate increases in food and fuel prices.The central bank noted that global growth in 2019 is expected to slow to 3.5 per cent, partly owing to the negative effects of tariff increases enacted by the United States against China. As such, the bank projected that growth in advanced economies is expected to decline to 2.3 per cent.“Additionally, economic expansion in emerging markets and developing economies is expected to hold steadfast in 2019 at 4.5 per cent. Latin America and the Caribbean is expecting growth of 2.0 per cent in 2019.”The report states that economic recovery in the Region will be supported by increased demand from external trading partners and the option of better financial conditions rather than the volatile international financial market. It projected overall growth of 2.0 per cent in the Caribbean for 2019.Another bank, the Caribbean Development Bank (CDB), has previously warned that with the prevailing uncertainty in Guyana regarding elections (and the Caribbean Court of Justice (CCJ) ruling on last year’s no-confidence motion), political uncertainty can have a significant impact on Guyana’s preparations for first oil and the overall economy.This warning was contained in the Bank’s country economic review of Guyana for 2018, the year in which a government was toppled after a no-confidence vote was passed for the first time in Guyana’s history.The Bank explained that this includes minimising negative impacts on traditional sectors.In the report, it notes that Guyana’s economy grew by 3.4 per cent for 2018.However, the banking institution warned of the risks to Guyana’s progress in preparing for the oil and gas sector and indeed, the overall macro-economic outlook if political uncertainty continues.“Guyana is on the verge of a sharp increase in economic growth, but immediate prospects partly depend on ending political uncertainty,” the report states. “In the November 2018 budget speech, the Ministry of Finance was targeting 4.6 per cent (Gross Domestic Product) growth in 2019.These warnings were echoed by the Georgetown Chamber of Commerce and Industry (GCCI), which has warned about the impact of the political climate on businesses. In fact, the Chamber did a survey earlier this year that found that the political climate has been bad for business. read more

Job loss fears in India after Trump tariff shock

[BBC] If you’ve bought a luxury leather handbag in Milan or Manhattan recently, chances are high that it was made in Sanjay Leekha’s three-storey factory in Faridabad on the outskirts of Delhi.But on Wednesday, the 33-year-old family-owned business – along with thousands of other Indian manufacturers – will become the latest victim of the Trump administration’s effort to reshape its international trading relationships.Exporters of goods including imitation jewellery, building materials, solar cells and processed food will face a hike of up to 10% in the US tariffs imposed on their products, following the White House’s revocation of India’s membership of the Generalized System of Preferences, or GSP.First introduced in 1976, the GSP is a preferential trading agreement between the US and more than 120 countries and territories. It’s designed to help developing countries grow their economies, while bringing down the price of imported products for American consumers.India was by far the largest beneficiary of the GSP – $6.3bn (£4.9bn) of its exports enjoyed concessionary tariffs – or no tariffs at all – in the United States last year.Among the companies to have gained a significant competitive advantage from GSP exemptions is Mr Leekha’s firm, Alpine Apparels, which produces as many as 40,000 handbags a month. But US buyers of his bespoke products are already asking the firm to absorb the cost of higher levies by reducing its prices.If he is forced to do that, Mr Leekha says, he will eventually have no choice but to lay off some of his 1,000 employees.Read more: https://www.bbc.com/news/world-asia-india-48495058 Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedIMF’s Lagarde warns of worse trade hit to global economyNovember 28, 2018In “World”Trump ‘ready’ to tax all Chinese importsJuly 20, 2018In “latest news”G7 summit ends in disarray as Trump abandons joint statementJune 9, 2018In “World” read more

US16B land titlingdemarcation project commences

The Amerindian Peoples Association (APA), along with its partners, the Indigenous Peoples Affairs Ministry, the National Toshaos’ Council (NTC) and the South Rupununi District Council (SRDC)/ South Central People’s Development Association (SCPDA), have embarked on a two-year project aimed at promoting the demarcation and tilting of Indigenous lands in Guyana as well as the revision of the Amerindian Act.This project titled, “Securing and enhancing Indigenous land tenure in Guyana,” is the beneficiary of a USD$1.6 million grant from the International Land and Forest Tenure Facility and runs from July 2019 to July 2021.In a joint press statement, the organization stated that the Tenure Facility, as it is better known, is an international, multi-stakeholder financial mechanism that focuses on securing land and forest rights for Indigenous Peoples and local communities following the current laws and guidelines of the country in which the project is being implemented. The APA is the project holder.“This project which began in mid-July, has three components that focus on demarcation and titling of Indigenous lands, the revision of the Amerindian Act 2006, and various issues related to land management plans and continued land talks with the government by the Wapichan communities of southern Guyana”. the statement added.The three components are complementary and mutually-reinforcing as it involves the implementation of land titling with Indigenous communities while working to support government in the development and implementation of policies that recognize and protect our rights as Indigenous Peoples.To this end, a Memorandum of Understanding (MOU) was signed between the APA and the Indigenous Peoples Affairs Ministry detailing our respective commitment and roles in the implementation of this project.The scope for closing the gaps and learning quick lessons from past titling and demarcation efforts and facilitating an Indigenous-Led Land titling approach in collaboration with government is a key aspect of the project. Additionally, the project will be monitored by a Project Coordination Board comprising the APA, MIPA, NTC and the SRDC.A planning and inception meeting was recently held at the at the Regency Suites Hotel where all partners discussed project objectives, components, schedules and partner responsibilities. Such meetings are expected to continue throughout the life of the project.“We believe that this project is an important step in allowing Indigenous Peoples to take the lead in the initiatives related to land titling and related processes”, the statement added. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedIndigenous peoples land rights under threat – APADecember 17, 2016In “latest news”Gov’t says key elements of land rights addressed – as Amerindian Land Titling Project winds downMay 4, 2016In “Local News”APA accuses Govt officials of bullying Amerindian leadersDecember 19, 2016In “Local News” read more

Bandits hit electronic store on the Essequibo Coast

Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedMasked gunmen terrorize, rob Essequibo familyFebruary 9, 2015In “Crime”Essequibo couple’s home invaded by masked banditsApril 10, 2017In “Crime”Crime spirals out of control in Region 2May 27, 2019In “Crime” A businessman is now left counting his losses after bandits stormed his electronic store on Monday (September 2, 2019).DJ’s Electronic Store, located at Columbia on the Essequibo Coast, was broken into during the wee hours.A quantity of car audio systems and over $700,000 in cash were stolen.Reports are that the perpetrators gained entry by breaking a window.Three persons have been arrested as the investigation continues. read more

Weba Chute Systems increases design accuracy with 3D scanning

first_imgWeba Chute Systems & Solutions says it has leveraged the latest technology to ensure high-quality results for its global customer base.Using 3D scanning technology during on-site assessments has enhanced the levels of accuracy which has, in turn, minimised rework costs in design and manufacturing, and significantly reduced downtime during installation, according to Managing Director, Mark Baller.“Implementing 3D scanning technology to our capabilities two years ago enabled our on-site technical teams to obtain accurate measurements from a safe distance, and allows us to inspect and survey large infrastructure in detail,” Baller said. “The technology allows us to consider all elements in existing infrastructure and this plays an important role when replacing transfer points or chutes as we are able to create an accurate preliminary design and costing in the early feasibility stages of a project.”Design engineers can use the data from modern laser scanners to superimpose this information on their design intent, according to the South Africa-based manufacturer of custom transfer points and chute systems. “This allows them to pick up any interference, existing defects, redundant elements, structural deformation and undocumented historical alterations made to the site’s infrastructure that may lead to problems during the design and execution phases,” Weba Chute Systems said.From this data, taken on-site, Weba Chute Systems teams can generate 3D models specific to on-site conditions enabling accurate reverse-engineering to be done. Baller said it is not just the access to accurate measurements provided by the 3D scanning technology that makes this possible, but also the level of in-depth expertise and experience the company has garnered over its more than 35 years in operation.“Many companies offer 3D scanning, but do not have the in-house ability that Weba Chute Systems does to process and effectively use the data in a mining engineering environment,” Baller said.“As a market leader, that is one of our strengths; and comes from our continuous investment in upgrading our systems and work flow processes to ensure that we stay abreast of best practice.”He concluded: “Leveraging this technology allows our engineers to get to the highest probability factor, so the project can be seamlessly executed and time overruns are not incurred during the constrained shutdown periods which are normal on these projects.”last_img read more

Debmarine invests in first ever completely custom built diamond recovery vessel

first_imgDebmarine Namibia, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, has announced that its Board of Directors have approved the construction of the world’s first ever custom-built diamond recovery vessel. The new vessel is expected to cost $468 million and represents the largest ever single investment in the marine diamond industry.The ship will become the seventh vessel in the Debmarine Namibia fleet and is scheduled to commence operations in 2022. On completion, the vessel is expected to add 500,000 carats annually to Debmarine Namibia’s production, an increase of approximately 35% on current production. Following an extensive global tendering process, Damen Shipyards were selected to build the ship based on their strong track record for delivering quality vessels and their advanced technological capabilities. The new vessel will incorporate the latest marine technologies that will drive improved safety performance while optimising efficiency and utilisation rates.Tom Alweendo, Minister of Mines and Energy, the Government of the Republic of Namibia, said: “We note and appreciate the investment announced today by Debmarine Namibia. It is through investments like this we can continue to develop Namibia’s economy. As the Government we will continue to do what we can to promote and encourage investment in the mining sector.”Bruce Cleaver, CEO De Beers Group, said: “Some of the highest quality diamonds in the world are found at sea off the Namibian coast. With this investment we will be able to optimise new technology to find and recover diamonds more efficiently and meet growing consumer demand across the globe.” The new vessel is expected to create more than 160 new jobs alongside Debmarine Namibia’s current workforce of 975 employees.last_img read more

Aus Tin chooses different tack at Taronga Stage 1 project

first_imgThere are changes afoot at Aus Tin Mining’s Taronga Stage 1 project, in Australia, after the ASX-listed company appointed a contractor for an initial program of mining, crushing and civil works, and made the decision to acquire its own crushing plant.The company said it had appointed Townes Contracting, a firm with experience in quarrying and crushing operations, to undertake the initial mining, crushing and civil works associated with Taronga Stage 1. Expected to last three months, this contract should provide for site establishment, initial mining of some 50,000 t of ore and waste, crushing of ore and construction of a water dam, Aus Tin said.Aus Tin’s decision to acquire its own crushing plant, meanwhile, follows a crushing trial completed with a preferred contractor in May. Aus Tin explained: “The company was unable to secure their services in a timeframe consistent with operational requirements.”The Taronga tin project is the world’s fifth largest undeveloped tin reserve, based on a JORC resource of 57,200 t of contained tin, plus 26,400 t of contained copper and 4.4 Moz of silver, Aus Tin says.The company completed a prefeasibility study in 2014 that outlined a project treating 2.5 Mt/y of ore, producing an average 2,800 t/y of contained tin over nine years. Following this, in 2015, the company commenced the approvals process to undertake trial mining and pilot processing of 340,000 t of ore to evaluate several areas of potential upside. This project – Taronga Stage 1 – is now fully permitted.Peter Williams, CEO of Aus Tin, said: “Now that we are no longer constrained in any way by contractors at Granville, we have decided to take a different approach to the operation and believe this will provide the optimal means to exploit this small, but high grade tin deposit.”Back in March, Aus Tin Mining commenced owner mining at the Granville East tin mine in Australia, just over a week after liquidators were named to its previously appointed mining contractors, Jemrok Pty Ltd.Aus Tin said the initial programme of work to be carried out by Townes Contracting will provide “several important outcomes”. Included within this is a provisional metal reconciliation, with the average grade of ore mined compared with the respective mining blocks estimated in the 2014 probable reserve; productivity and cost data to optimise pricing for the remainder of Stage 1, and; material for additional metallurgical test work planned prior to the commencement of Stage 1 pilot plant operations.The remainder of the Stage 1 project, including the expanded mine and pilot plant operations are expected to commence in late 2019.In terms of the crusher Aus Tin is due to acquire, the company said it had made an initial payment on a second-hand mobile crushing plant, located in Tasmania, and refurbishment of the unit – expected to take three to four weeks – had commenced.“The key benefits of owner crushing will be a lower operating cost and ability to crush ore on an ongoing basis rather than the campaign basis required for contractors,” Aus Tin said.last_img read more

Comet on the search for new processing route for Titan nickel balls

first_imgComet Resources has launched a scoping study into building a pilot plant to test a potential new nickel processing breakthrough, Director Hugh Morgan said on the final day of the Paydirt 2019 Africa Downunder mining conference in Perth, Australia.The company’s Titan nickel project, in Nigeria, is one of those rare discoveries where the metal is contained within super small clusters of “balls” that cannot be conventionally processed. This is the reason the company is launching the new study.If successful, the new processing route could unlock the mining future for the project, which has reportedly seen nickel balls visible at surface that contain 95% Ni metal.Speaking on the third and final day of the conference, Morgan said a company called WildIP had patented a new metal extraction process thought applicable to the Titan metallurgy. A royalty-free licence to use the process has been granted to Comet specifically for the Titan project and a pilot plant scoping study using the technology is now underway, according to Morgan.“WildIP’s Ni metal digestion process uses low temperature and low cost reagents,” Morgan said. “It’s environmentally benign digest liquor has proved to be 100% effective and efficient and can be recycled, meaning cheaper processing costs and less water requirements.“This potentially points to the opportunity not to have a tailings dam on a mine site and for any dried residue to be used for backfill,” Morgan said.The new approach also allows the pregnant liquid to be precipitated to produce whatever nickel product is required such as nickel sulphate hydroxide, according to Morgan.He said the breakthrough had broad application to metals and was particularly effective for nickel metal and other nickel ore types including laterites. But it could also extract other metals including gold, platinum, palladium, copper and silver, with initial testing of some gold ore types returning 100% gold extractions.Comet discovered the deposition at Titan about four years ago as a new “ball-style” of native nickel metal. The balls comprise 95% nickel and are disseminated in the host rock at a grade estimated at between 1.5-3% Ni, the company says.Morgan acknowledged the normal process would have been to start a drill out to define the mineralised body at Titan and to assess its grade and depth extent and then move to mining – but it was found the nickel balls were insoluble by conventional digestion methods, forcing a hunt for a new processing solution.“Physical extraction was one possible method but would have resulted in only 25% recovery of the Ni metal as 70% of the balls are too fine to physically extract and many balls are buoyant and floated off in conventional processing tests.“It was clear to us that without a wet chemistry process, we could only extract 25% of the metal.“The new breakthrough maintains our conviction that there continues to be a reasonable expectation of developing Titan into a world-class Ni deposit able to rival the world’s largest and important Ni mines.”last_img read more

Amazon to Donate Unsold Products Instead of Trashing Them

first_img Amazon is launching a new donation program for third-party sellers in the US and UK.Starting next month, the Fulfillment by Amazon (FBA) Donations scheme will be the default option for independent sellers looking to dispose of excess or returned products stored in Amazon warehouses.“We know getting products into the hands of those who need them transforms lives and strengthens local communities,” Alice Shobe, director of Amazon in the Community, said in a statement.“We are delighted to extend this program to sellers who use our fulfillment services,” she added.Items will be distributed in the US through Good360, which works with retailers to source products and distribute them through a network of nonprofits.In the UK, Amazon is teaming with charities like Newlife, Salvation Army, and Barnardo’s.“At Amazon, the vast majority of returned products are resold to other customers or liquidators, returned to suppliers, or donated to charitable organizations, depending on their condition,” a company spokesperson told CNBC.Merchants can choose to opt out of the new donation service. Though it won’t do anything for their public image.Recent reports suggest Amazon warehouses in Britain and France routinely trash unsold products: One facility allegedly sent 293,000 items to a local dump over a nine-month period.“This program will reduce the number of products sent to landfills and instead help those in need,” according to an Amazon email announcement, published by CNBC.FBA Donations is the company’s latest attempt to cut down on waste. It recently revealed new fines for sellers who ship products in oversized boxes.Early this year, the firm announced a short-term goal to reach 50 percent zero carbon shipments by 2030.More on Geek.com:Amazon’s New Facial Recognition Smells Your FearAmazon Personal Shopper Service Ushers In Curated FashionAmazon Had Another Record-Breaking Prime Day Stay on target Amazon Employees Join Sept. 20 Global Climate WalkoutGeek Pick: Amazon Smart Plug Puts Alexa in Your Walls last_img read more