Twelve months around Britain

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Leading questions

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

West Java limits access to tourist destinations during extended PSBB period

first_img“Every tourist destination is required to form its own task force and provide access to protective equipment, such as face masks,” Dedi said.The West Java administration previously extended large-scale social restrictions (PSBB) across the province to June 26 following a spike in COVID-19 cases last week.The extension will be effective across the province, except for the Jakarta satellite cities of Bogor, Depok and Bekasi, where the policy will remain effective until July 2.West Java has recorded the fourth-highest number of COVID-19 cases in the country, with 2,604 cases and 161 fatalities as of Sunday. Several popular destinations in Lembang, such as The Lodge Maribaya and Farm House, had limited the number of visitors to 30 percent of capacity and conducted ID checks to ensure every visitor was a West Java resident, he added.Read also: Bandung to close three markets after sellers tested positive for COVID-19The governor went on to say that the administration would conduct regular inspections to ensure all tourist destination operators complied with health protocols.West Java Tourism and Culture Agency head Dedi Taufik said the reopening of tourism was being done in compliance with safety precautions stipulated in Gubernatorial Regulation No. 46/2020. Topics :center_img Access to popular tourist destinations across West Java remains limited as the provincial administration reopens a number of sectors to revive the local economy. West Java Governor Ridwan Kamil said his administration was committed to ensuring the health and safety of locals amid the gradual easing of several restrictions.“For the time being, tourism in West Java […] is not yet open to people outside of West Java. Please restrain yourselves, as we are currently focused on reopening the economy and tourism to residents of West Java,” Ridwan said during a field inspection at several tourist destinations in Lembang, West Bandung regency as quoted in a statement on Sunday.last_img read more

Max Allegri distances himself from Arsenal job and says he will not return to management until June

first_img Metro Sport ReporterThursday 5 Dec 2019 9:34 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.3kShares Emery was sacked last Friday with Ljungberg taking over on an interim basis (Picture: Getty)Asked when he intends to return to management, Allegri told ESPN: ‘In June. I don’t know if you can call it a sabbatical or not.AdvertisementAdvertisementADVERTISEMENT‘Giovanni [Branchini – Allegri’s agent] and I immediately came to that decision. As soon as the relationship with Juventus came to an end the decision was to take a year out.’He continued: ‘I had 18 years as a player and I’ve been in coaching for 16. I stopped this year after 34. I’m happy.‘I have a chance to reflect, go and talk to people, do things in my private life that I’m passionate about like going to the theatre, some art exhibitions, reading books.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalMaking it clear that he will pick his next club very carefully, Allegri added: ‘Next year will be an important year. Important for the choice I end up making and the need to be prepared for it.‘After a year out and five years at Juventus, I don’t want to go back into the game and do badly. That would do my head in.’ Allegri wants to test himself in the Premier League and has been learning English (Picture: Getty)One question mark hanging over Allegri is whether his English is good enough to manage a Premier League club, but the Italian has confirmed that he has been taking lessons.He continued: ‘I am taking lessons here in Milan. I manage to speak quite well. I find the listening part a bit more difficult.‘If I’m talking to someone who helps me out by speaking a little slower then I understand. I watch films [in English] and if I read something in English I understand it fine.’MORE: Nicolas Pepe unhappy over Unai Emery sacking at Arsenal but highlights Freddie Ljungberg positiveMORE: ‘No team can defend against that’ – Freddie Ljungberg teaches new approach in Arsenal trainingMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City Advertisement Commentcenter_img Advertisement The Italian coach will bide his time before deciding his next move (Picture: Getty)Former Juventus manager Massimiliano Allegri says he will not be returning to management until the summer, ruling out the possibility of taking over at Arsenal midway through the season.The Italian – who won five straight Serie A titles during his time in Turin – has been out of work since the end of last season and is one of the main contenders to take over from Unai Emery full-time at the Emirates.Freddie Ljungberg has been handed the role on an interim basis while Arsenal’s hierarchy assess potential candidates, though Allegri has made it clear he’s not available right now. Max Allegri distances himself from Arsenal job and says he will not return to management until Junelast_img read more

When is the perfect time of the year to sell your property

first_imgHaesley Cush reckons it’s not that hard to find the right time of the year to sell. AAP Image/Claudia Baxter.The Christmas wrapping paper was still in the recycle bin and my kids were already hopping in to soft, doughy hot cross buns. If that’s not bad enough, I have heard agents talking about Easter since February too.The number of home sellers currently waiting until after Easter to start selling is the highest I have ever seen.Their rationale is that people go away for Easter. But Easter isn’t for ages! What about the buyers in the market now?If you look hard enough there’s always a reason why you should wait.I was talking to a friend of mine recently who has sold a considerable amount of property across Brisbane during the past ten years.He was joking with me about all of the different reasons he’d been told as to why his sale campaign wasn’t going well.Here are some of the classic lines he got when open numbers were low:– it was raining, buyers don’t like the rain– it was a beautiful day, everyone went to the coast– they were doing road works in the streetMore from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus20 hours ago– it’s a long weekend, everyone went away– it’s school holidays, everyone’s still away– they couldn’t get here they had kid’s sport– it was probably too late in the afternoonAnd the list goes on…Based on this rationale, you need to find a fine, but not to perfect day. It needs to be outside of any holiday period and at a time outside of sporting activity that doesn’t eat in to buyer relaxation time. Don’t worry about avoiding Easter when you list, plenty of houses still sell then.My experience with buyers is the opposite. If they find one they like, they won’t let anything stand in their way. They will combat the most torrential weather conditions, cancel previously made plans and would inspect it at midday on Christmas Day if it meant securing the one they wanted.Waiting for the perfect time to launch your property for sale is more about your circumstances and your confidence in the current market than anything else.There are a million reasons as to why it could be better or worse. My advice is if the market is good now and you’re ready to go, then it is ‘Go Time!’..last_img read more

Analysis: Petro-dollar crunch hits GCC sovereign wealth funds

first_imgCyril Widdershoven looks at the unique problems facing the sovereign wealth funds of the Gulf Cooperation CouncilThe Gulf Cooperation Council (GCC) countries are facing a major financial crisis if they fail to make changes to their own structures or economies. A continued period of low prices for oil and natural gas will have a detrimental effect on the overall stability of the regional economies. After years of high oil prices, generating vast amounts of revenues being put into sovereign wealth funds (SWFs), the market is oversupplied.Still, gross domestic growth overall in the region is positive, and inflation remains under control. Total growth of the GGC’s GDP, according to the IMF, is set to decrease to 2.7% in 2016, in comparison to 3.2% in 2015 and 3.4% in 2014.The IMF and a report from Indosuez Wealth Management have, however, reiterated that this positive growth could soon be reversed due to oil prices and the lack of structural reforms. The fiscal landscape of the GCC has changed, again showing the dangers looming for a rentier-state region, as government budgets largely depend on a single commodity.  Oil and gas exporters have been hit very hard lately. Some changes have been put in place already, such as the removal of part of energy subsidies and the introduction of VAT but also an emerging trend inside of the GCC to attract foreign direct investments. The push to bring about reform through innovation, deregulation, divestment, taxation, subsidy cuts, reduced spending and inward investment has become very clear with regards to the SWFs’ investment strategies in the GCC.Arab sovereign wealth funds are feeling the pressure of low oil prices, increased government budget deficits and regional economic developments. Saudi Arabia and the United Arab Emirates (UAE) are also feeling the negative impact of their increased military spending, due to operations in Yemen and Syria. Financial circumstances of the Arab Gulf countries have changed dramatically. After a very long period of high oil and gas revenues, countries such as Saudi Arabia, the UAE and Qatar have been confronted by the current low price settings. The impact of OPEC’s Saudi-led oil cartel’s strategy to fight for market share, mainly to block non-OPEC production (US, Brazil and Russia), has pushed most GCC countries into uncharted territory. The ripple effects of the oil cartel’s strategy have become visible. Instead of having to cope with the stress of finding safe but profitable investment opportunities in the West or Asia, SWFs in the Middle East are involved increasingly in dealing with the need to counter mounting government debt at home. As Arab SWFs, such as the Abu Dhabi Investment Authority (ADIA), Saudi Arabia’s SAGIA or the Qatar Investment Authority (QIA), have been mainly the investment arm of the respective governments to increase revenues outside of their own domestic markets, the situation now has become the contrary. In recent weeks, news has emerged that sovereign funds could be retracting around $700bn (€614bn) from European stock exchanges. The need to offload investments by sovereign funds is mainly related to the oil-price slump. Sharp sell-offs are expected in the global markets, with European stock exchanges to be hit the hardest, to a total of $700bn. Analysts have already warned that this could partly explain the fledgling development of share prices on the European exchanges. Since the start of 2016, around $240bn has been wiped out already. In addition to Norway’s oil fund, Arab sovereign funds still hold $2trn in publicly listed equities worldwide. Around one-third is held in Western European equities ($700bn), of which 25-33% is in banking stocks. It is expected that funds like ADIA, SAGIA, DIA and QIA, which hold stakes in Volkswagen, Barclays, Credit Suisse, Sainsbury’s and Glencore, could be adjusting their investment strategies.The main issue at present they need to address is whether there is a need to liquidate non-GCC holdings to counter increased financial needs of their cash-strapped governments. Inside the GCC, the financial situation of the respective governments varies widely. Kuwait, as one of the main OPEC producers, has not yet been faced with increased government deficits. Kuwait’s SWF is also one of the best managed in the region. Still, the latter also has shown the effects of lower hydrocarbon revenues, as it is putting out less new money.Global SWFs are holding assets of around $7trn. Of this, $3.2trn-3.4trn is held by Arab SWFs. Since the set-up of these Arab funds, largely held by the respective governments or ruling families, their main objective has been to diversify income generation by investing outside of the region. The main target regions have traditionally been Europe or the US and Canada. Due to the negative impact of lower oil and gas prices, combined with an additional share-price slump and economic slow-down in these regions, the majority of these SWFs have been forced to reassess their long-term investment strategies.  Since the beginning of 2015, a slow-down has been visible in outgoing investment volumes, mainly due to the fact Middle Eastern governments are increasing the pressure on local SWFs to invest in the local market. Qatar has already been selling some commitments to private equity (PE) funds, while others have stated that the reason the Japanese market dropped early in the year was because of selling from Saudi Arabia. Two reasons behind this change in tactics are clear – to stimulate the local economy and to reduce overall government debt. At the same time, the management of these SWFs has been urged to increase returns and manage their reserves more efficiently. The first signs of this refocus on local markets has become visible already. SWFs, such as ADIA, SAGIA and SAMA, have become more active in local PE, real estate and infrastructure opportunities.In addition to the SWFs’ retraction of funds, GCC pension funds also have become more locally focused. The stress on these funds, holding $400bn-500bn, has become even more harsh. Due to a combination of sub-optimal asset allocations with unproductive high cash reserves, limited exposure to high-return alternative investments, the fragmentation of mandates and very low internal skill levels, the yields on investments have been remarkably low. GCC governments are exploring other options, as, due to shifts in demographics and high benefit levels, most of these funds are expected to face funding gaps very soon.The main focus of GCC-based SWFs at present seems to be infrastructure projects in the Arab region. Due to the need to counter a possible $1trn shortage in funding of infrastructure financing in the region, Arab governments have urged the funds to target these projects, in combination with private investors and private sector companies. Public/private partnerships (PPPs) are part of the deal in the coming years. PPPs and alternative sources of funding, which might offer international and regional investors the opportunity to participate in these projects, are set to be a main instrument. Funds like Kuwait’s Global Investment House, Qatar Investment Authority, SAGIA and ADIA,are expected to be major players. The possible privatisation of parts of national companies, such as Saudi Aramco, could be also a potential target.last_img read more

Serena

first_imgSerena Williams is nearing a statistical point that may solidify what many people already believe.  A lot of today’s experts believe she is the best women’s tennis player ever.  At the recent Wimbledon Championship she won her 22nd major singles title.  Add to that the fact that she also has a large number of major doubles championships with her sister, Venus, and you have a good foundation for establishing the “best-ever” tag.Steffi Graf is the one tied with Serena at 22.   Margaret Court still holds the singles title with 24, but this was back before tennis was the worldwide professional sport that it is now.  The game today is all about power, and most feel that the older pro stars would not have answers for today’s active pros.  If Serena can win 3 more titles, there will be no question.last_img read more

Robert Lee Vaughn

first_imgRobert Lee Vaughn, of Brookville, was born on July 5, 1945, in Cincinnati, the son of Wilbern and Mary Katherine Wilson Vaughn. He married Barbara Steiger on August 6, 1966 and she survives. Robert was active in the military, serving in the United States Army in Germany and Korea. He worked and later retired from HB Fuller Company in Blue Ash, Ohio. Robert was an avid reader and especially liked reading about military history, trains and westerns; he also enjoyed being outdoors. On Friday, December 9, 2016 at the age of 71, Robert passed away at University Hospital in Cincinnati. Those surviving who will cherish Robert’s memory include his wife of over 50 years, Barbara Vaughn; daughter, Kimberly (Daniel) Roellig of West Harrison, IN; grandchildren, Daniel (Catherine) Roellig and Jessica Roellig; great grandchildren, Hannah and Owen Roellig; sister, Barbara Vaughn of Brookville, and brothers, Dave (Sharon) Vaughn of Atlanta, GA, Charles Vaughn of Okeana, OH, and Jeffrey Vaughn of Greenwood, IN. He was preceded in death by both parents. Friends may visit with the family on Tuesday, December 13, 2016 from 10 a.m. till time of service at 12 noon at Cook Rosenberger Funeral Home, 929 Main Street, Brookville. Burial, with full military honors provided by the Bernard Hurst Post #77 American Legion will follow in Maple Grove Cemetery.center_img Memorial donations may be directed to the Tri-State Honor Flight for Veterans in care of the funeral home, or at www.honorflighttristate.org. To sign the online guestbook or to leave a personal condolence, please visit www.cookrosenberger.com. The staff of Cook Rosenberger Funeral Home is honored to care for the family of Robert Vaughn.last_img read more

COVID-19: Barca to sell Camp Nou naming rights

first_imgRelatedPosts COVID-19: NCAA to revoke erring airlines licence over non-compliance FRSC to Schools: We’ll arrest, prosecute drivers who flout COVID-19 rules Sanwo-Olu: We’re committed to fulfilling promises to Lagosians Barcelona have put the title rights for the Camp Nou stadium up for sale as they bid to raise funds for the battle against coronavirus. The Liga club’s executive board said Tuesday it will donate the entire fee raised by selling the title rights to the Camp Nou to fighting the global pandemic. The Camp Nou is the biggest stadium in Europe with more than 99,000 seats. It has never had a sponsor since opening in 1957. “We want to send a universal message: For the first time someone will have the opportunity to put their name on Camp Nou and the revenues will go to all of humanity, not just Barca,” club vice president Jordi Cardoner said. “The initiative arose in an emergency situation. We think that we have to have a very quick response, putting our crown jewel at the service (of the fight).” The club has been working on a number of initiatives in the fight against Covid-19, giving up facilities and helping import medical supplies through partners of the Barcelona Foundation. Some of Barca’s sportsmen and women have also been visiting the sick in local hospitals where possible. The title rights will be available on a one-year deal, with the Camp Nou set to be renamed for the entire 2020-21 season A club statement said: “In the next few weeks, the Barça Foundation, through the Club’s Commercial Area, will begin the process of finding a sponsor who wishes to acquire the title rights to Camp Nou for a season with the proceeds going to finance research projects and other projects involved in the battle against the effects of COVID-19, both at a local and international level. “Barca are ceding those rights for a name to be put to Camp Nou for the very first time as the title rights are a commercial option that has never been exploited before.”Tags: BarcelonaCamp NouCOVID-19FundraisingSponsorshiplast_img read more

Pjanic recovers from the Coronavirus

first_imgRelatedPosts Italy introduces compulsory virus testing for travellers from France Suarez agrees Atletico terms Nigeria records new COVID-19 infections, more deaths as figures rise to 57,242 Miralem Pjanic has recovered from the coronavirus and will soon join his new club Barcelona.He announced a little over two weeks ago that he was positive for coronavirus, and that he had to spend 14 days in isolation. When it comes to symptoms, Pjanic lost his sense of smell and taste, but he did not have a temperature.Before leaving for Barcelona, he will be tested once again, to confirm that everything is fine.Pjanic missed the gathering of the national team and the matches of the League of Nations with Italy and Poland precisely because of the positive test for coronavirus.Tags: BarcelonaCoronavirusMiralem Pjaniclast_img read more