first_imgKevin Anderson continued with his dominant performance as he trounced Japan’s Kei Nishikori 6-0 6-1 in the ATP World Tour Finals in London on Tuesday.Anderson came within a whisker of a rare “double bagel” at the 02 Arena.The 32-year-old debutant at the ATP’s blue riband event won the first 11 games of the round-robin clash before a relieved Nishikori finally got on the scoreboard with an angled winner.Normal service was quickly resumed though, as Anderson finished off a glum-faced opponent just past the hour mark.Only six-time champion Roger Federer has enjoyed a 6-0 6-0 victory at the season-ending tournament, that coming in 2005 in Shanghai against unfortunate Argentine Gaston Gaudio.Anderson, the first South African to qualify for the eight-man event since 1995, made it two wins from two round-robin matches with a stunning display.What made it all the more impressive was that Nishikori had beaten Federer in straight sets on Sunday and that Anderson had trailed the Japanese 3-5 in their head-to-head record.Anderson, who opened with a straight sets win against Dominic Thiem, tops the Lleyton Hewitt group and will reach the semi-finals if Thiem beats Federer later.Another defeat for Federer would see the Swiss fail to reach the semi-finals for only the second time in his record 16 appearances at the tournament.Anderson signalled his intent early and broke serve in the second game as Nishikori sent a backhand long under pressure.Also Read – Federer is driving force for tennis in terms of revenue, attention: DjokovicadvertisementThe South African could do no wrong, dominating the baseline rallies and winning all but one of his 12 first service points as he took the opening set in faultless fashion.He kept his foot on the accelerator in the second set and Nishikori, who qualified as a result of Juan Martin del Potro withdrawing with an injury, looked lost as the games ticked by and humiliation loomed.When Anderson won the first point with Nishikori serving at 0-5 it looked ominous for the Japanese player. But he hit back to snatch a game at the death, earning sympathetic round of applause from the large afternoon crowd.Despite this humbling defeat, Nishikori could still reach the semi-finals for a third time by beating Thiem in his final round-robin match on Thursday.”I try to forget about today. Something was wrong. I’ve got to fix it tomorrow and try to be positive for the next one,” the 28-year-old world number nine told reporters.(With inputs from Reuters)last_img read more

first_imgSpalletti hails Mourinho: His legacy still felt at Inter Milanby Paul Vegas9 months agoSend to a friendShare the loveInter Milan coach Luciano Spalletti has no problems with Jose Mourinho being linked to his job.The former Manchester United manager has been mentioned as Spalletti’s successor – and the Italian has no problem with it.He stated, “A possible return of (José) Mourinho to Inter? “It seems to me to be a good thing. Because thanks to its 18 months, Inter has become a team coveted by the best players and the best coaches at the European level.”Without these 18 months (Mourinho) we would not be here.” TagsTransfersAbout the authorPaul VegasShare the loveHave your saylast_img read more

first_imgStory Highlights Minister Paulwell hailed the Jamaica Alternative Energy Expo and Conference JPSCo has reported a significant reduction in the use of electricity over the last two years The benefits from the use of alternative and renewable energy across Jamaica are beginning to flow Minister of Science, Technology, Energy and Mining (STEM), Hon. Phillip Paulwell,  says the benefits from the use of alternative and renewable energy across Jamaica are beginning to flow, and will amount to savings in the country’s oil importation bill.“The Jamaica Public Service Company (JPSCo) is telling me that there has been a significant reduction in the use of electricity in the country over the last two years.  This means that people are actually now paying less for electricity, and that we are going to see, I believe this year, savings in the total amount of money we spend on imported fossil fuel,” the Minister said.In an interview with JIS News, following a tour of some 50 booths at the Jamaica Alternative Energy Expo and Conference, at the Montego Bay Convention Centre, in St. James, on September 20, Mr. Paulwell said that if the demand is reducing as rapidly as is being reported by the JPSCo., then the benefits will be evident in the near future.The two-day conference and energy expo showcase the latest in technology on how to counter high energy and utility bills.Minister Paulwell described the expo as an excellent one, adding that he was very pleased that almost all the businesses with exhibits have told him that they are doing well economically.“They have attributed that largely to the removal of taxation, both import duties and GCT, that we were able to effect last year, and also the marketing and advocacy that the Ministry have been doing,” he said.The Minister appealed to the wider Western Jamaica community to support the expo, and start to adopt some of the cost saving systems that are being exhibited.last_img read more

first_imgzoom Greek owner and operator of drybulk and container vessels Navios Maritime Partners suffered a net loss of USD 5.7 million in the first quarter of this year, compared to a profit of USD 0.2 million posted in the same period of 2016.Revenue for the quarter dropped to USD 42.4 million from USD 45.6 million seen in 1Q 2016.Additionally, EBITDA for the quarter stood at USD 22.7 million, down from USD 28 million reported in the three-month period ended March 31, 2016.“We are pleased with these results as we are coming off the worst year in history for the dry bulk market – with the BDI reaching a historical low in the first quarter of 2016 and the container sector suffering its own set of challenges,” Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners, commented.“Through balance sheet discipline and rigorous cost management, Navios Partners has weathered the storm. And, by innovative transactions, Navios Partners is positioned to thrive in a recoveringmarket,” Frangou added.On March 14, Navios Partners completed the issuance of a new USD 405 million Term Loan B facility. The facility bears an interest rate of LIBOR plus 500 basis points (bps) and has a three and a half year term with 5% amortization profile. Navios Partners used the net proceeds of the Term Loan B facility to refinance the existing Term Loan B and to pay fees and expenses related to the term loans.Also in March, Navios Partners inked an agreement to refinance USD 32 million of its existing credit facility with DVB Bank. Based on the refinanced terms, the credit facility will mature in August 2020 and will bear interest at a rate of LIBOR plus 310 bps.During the quarter, Navios Partners acquired five dry bulk vessels – three Capesize and two Panamax bulkers – for USD 113.9 million. In addition, the company completed the sale of Navios Apollon, a 2000-built Ultra-Handymax.“During the first quarter of 2017, we refinanced debt, so that Navios Partners has no debt maturing for over three years. Navios Partners also raised USD 100 million in equity and has acquired five drybulk vessels which are expected to provide reasonable levered returns,” Frangou further said.In April, Navios Partners agreed to buy the entire container fleet of Rickmers Maritime Trust. The acquisition of the first five 4,250 TEU boxships is expected this month, according to the company.In May, Navios Partners formed Navios Containers, a Marshall Islands company, which agreed with investors to sell around USD 15 million of its shares for aggregate gross proceeds of about USD 75 million. As disclosed, Navios Containers intends to use the proceeds for purchase of Rickmers’ vessels as well as for further vessel acquisitions, working capital and general corporate purposes. The offering is expected to close on or about June 1, 2017.Navios Partners will invest USD 30 million and receive 40% of the equity, while Navios Maritime Holdings will invest USD 5 million and receive 6.67% of the equity of Navios Containers. Each of Navios Partners and Navios Holdings will also receive warrants, with a five-year term, for 6.8% and 1.7% of the equity, respectively.According to Frangou, Navios Partners is expected to “benefit from any recovery in the container sector through its 40% equity in Navios Containers.”last_img read more

first_imgHALIFAX – Nova Scotia Premier Stephen McNeil’s upcoming trade mission to France will include a stop at Michelin’s head office.The French tire giant is the largest public sector employer in the province and McNeil, who leaves Sunday for a week-long visit, said he wants to explore any potential interest the company has in expanding its operations in Nova Scotia.McNeil said while no such plans have been brought to his attention, the visit to the company’s headquarters south of Paris, is more than just a courtesy call to senior executives.“We are going to look for opportunity,” he said. “We are going to ensure that Michelin recognizes that this province is open for business.”McNeil said while the province would not offer a financial package to entice companies during the trip, there are programs they can take advantage of like the capital tax credit for large corporations.Last week, Business Minister Geoff MacLellan expressed concerns ongoing NAFTA talks could threaten Michelin’s North American operations. He said a “significant impact” was likely if U.S. President Donald Trump’s protectionist trade demands are adopted.But McNeil said Thursday he believes the current uncertainty around the trade agreement is not an impediment to landing more investment.“We are going to be proactive,” he said, when asked about his plan to push the province as a place to invest.The French manufacturer has three plants in Nova Scotia, providing well-paying jobs to more than 3,000 people. The plants are located in Granton, Bridgewater and Waterville.McNeil noted that land has already been tabbed around the firm’s Waterville plant in the event Michelin should want to expand its Annapolis Valley operations. He said there is also capacity at the Granton plant.The trip will also see McNeil meet with government officials and other businesses in the aerospace, digital media, and food and hospitality sectors.Other companies on the agenda with Nova Scotia ties include video game publisher Ubisoft and two aerospace firms, Thales Group and Stelia Aerospace (formerly Composites Atlantic).According to the province, Nova Scotia exported more than $90 million worth of products to France in 2016.Primary exports included seafood and aircraft parts.last_img read more

first_imgFRANKFURT – European Central Bank policymakers view slower-than-expected growth as a temporary hiccup and believe that the 19-country eurozone’s upswing remains solid amid strengthening wage growth, the group said in a note released Thursday.The written account of the bank’s July 26 meeting says policymakers thought any dip in output “would be largely temporary.” However, they warned that global trade tensions posed a risk to their outlook.When meeting, policymakers were armed with the news that growth had eased to a quarterly rate of 0.4 per cent in the first quarter, after 0.7 per cent at the end of last year. Growth remained at 0.4 per cent in the second quarter.At their meeting last month, ECB policymakers viewed the upswing as “solid and broad-based” with support from “strong consumption fundamentals, notably ongoing employment growth.”Officials were more confident of achieving their goal of a sustainable inflation rate of just under 2 per cent in coming months, since at the time of the meeting it had hit 2.0 per cent in June and more workers were winning wage increases. The latest figure from July is 2.1 per cent.Inflation, they said, was supported by “the ongoing strengthening in wage growth.”The improving inflation backdrop is the main reason why the ECB has said it will end its stimulus program at the end of the year. However, it has said it will keep rates at record lows for longer to support the recovery — its main interest rate remains at zero while the rate on deposits the ECB takes from commercial banks is at an unprecedented minus 0.4 per cent.The negative rate was a penalty aimed at pushing banks to lend excess cash instead of keeping it at the central bank. The bank says it is confident enough that inflation is heading toward its goal that it can end the 2.4 trillion-euro ($2.8 trillion) bond purchase program, which pumped newly created money into the economy to raise weak inflation and slow growth in the wake of the eurozone’s 2010-2012 debt crisis.The ECB is well behind the U.S. Federal Reserve in withdrawing the emergency stimulus measures deployed in the wake of the global financial crisis a decade ago. The Fed is already raising rates amid strong growth and is letting its bond pile run down as the bonds are paid off, steadily withdrawing monetary stimulus.Stimulus withdrawal will have wide-ranging effects. The money added to the system during the stimulus by global central banks pushed up the prices of assets such as stocks and real estate, and encouraged companies and governments to borrow, in some cases excessively. Ending the stimulus should reverse those trends and put pressure on both financial markets and countries that have heavy debt loads. That is why the ECB is moving slowly as it heads toward the exit.last_img read more

first_imgTOKYO — Japanese media say Tokyo prosecutors have charged Nissan former chairman Carlos Ghosn with underreporting his income. Another executive and Nissan Motor Co. also were charged.Prosecutors would not immediately confirm the reports Monday by Kyodo News service and other media. They were due to brief media later in the day.The prosecutors say Ghosn is suspected of underreporting his income by 5 billion yen ($44 million) over five years. In Japan, a company can be charged with wrongdoing.Some kind of action by the prosecutors had been expected as the detention period allowed for the allegations disclosed so far ends on Monday.Nissan executive Greg Kelly is suspected of having collaborated with Ghosn. Kelly’s attorney in the U.S. says he is asserting his innocence.Ghosn has not commented.The Associated Presslast_img read more

first_imgBURNABY, B.C. – Protesters at an anti-pipeline camp in Burnaby say they are ready to defy an eviction notice handed out from the city.The City of Burnaby issued a 72-hour notice to those occupying “Camp Cloud” on Wednesday, but protesters say in a news release that isn’t enough time to comply with concerns raised over safety.The release says Camp Cloud will not be evicted, and that the notice was wrongly issued without adequate consideration of a recent court decision or consultation with camp residents. The B.C. Supreme Court ruled in March that both the camp and a nearbywatch-housee could remain in place in response to a court injunction filed by Kinder Morgan Canada Ltd., the company behind the construction of the Trans Mountain expansion project.No one from the city could immediately be reached for comment, but city manager Lambert Chu said on Wednesday there were concerns about safety and how the footprint of the site has grown.The notice is set to expire Saturday morning, and instead of moving out, protesters say they’ll hold a news conference to relay their side of the story.last_img read more

first_imgWith the Species at Risk Act (SARA) The Government of Canada can intervene on the way these at-risk species are being protected which has the Provincial Government creating the Provincial Caribou Recovery Program and the Section 11 agreement.The Provincial Government says Section 11 will be the opportunity to create agreements with herd by herd planning and designing the right approach with communities with a collaborative approach. Currently, this is a draft situation that needs to be worked upon.In partnership with West Moberly and Saulteau First Nations, the concern is for the Pine, Narraway and Quintette caribou populations found in Mackenzie, Chetwynd and Tumbler Ridge. By changing resource practices in this area should minimize the risk of a federal order. Ensuring caribou recovery, meeting indigenous and treaty rights as well as minimizing impacts on communities.In the central group of caribou, the decline has gone from numbers of 800 animals in the early 2000s to now 220 animals today. The Province says if work is not done within communities to establish ways of supporting the needs of the caribou, to be able to regain their numbers. Having the Federal government step in and implementing an emergency order, could have unpredictable and economic loss. Whereas section 11 and the Partnership Agreements will minimize that risk.Through public engagement and independent economic evaluation. The Government says they want to work with partners and local governments to understand economic impacts on communities.The Government went on to share that public engagement will take place in the northeast and other key communities relevant to the Section 11 agreement. Through public engagement, conference calls with Indigenous communities and online. VICTORIA, B.C. – The Provincial Government has released its draft plan with First Nations to recover Southern Mountain Caribou.The Provincial Government shared they have been working from 2012- 2018 to help conserve caribou herds in B.C. as part of their reconciliation with First Nations as caribou have cultural significance to some First Nations.With the Government mapping herds of caribou in B.C. and recognizing their decline in numbers and the space in which the animals require to thrive, the government says they need to take measures to help the caribou. By sharing that the resource sector in some areas has enabled the decline of the caribou due to new life cycles in the animal’s environments. With roadways and seismic lines and an increase of greater foliage, this increases numbers of moose and deer as well areas have been altered allowing predators to hunt with greater ease. No snowmobile closures were made in the agreements, the protected Partnership Areas only apply to resource development activities. An engagement process is being launched for snowmobile management and an independent, neutral third party with expertise in backcountry motorized recreation to lead the engagement process in May.Results from the public engagement process will be used to inform the final agreements between B.C. and the Federal Government.CLICK HERE, To submit your feedback to the Provincial Government regarding caribou recovery.Below is a copy of the draft agreement.last_img read more