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China rules out hosting most international sport in 2020

first_imgThe General Administration of Sport (GAS) said in a statement that, except for Beijing 2022 Winter Olympic test events “and other important events, in principle, no other international sports events will be held this year”.China’s highest sporting authority did not specify which competitions will be hit, but the official Xinhua news agency said that “lots of international sport events will be affected”.This year’s global sporting calendar has been badly disrupted by the pandemic, with the Tokyo 2020 Olympics and Euro 2020 football pushed back to next summer.China was earmarked to host a number of tennis tournaments later this year in a revised schedule. Topics : The Chinese Super League (CSL) football season was due to kick off on February 22 but became one of the earliest sporting victims of the pandemic when it was indefinitely postponed in January.The CSL will now begin on July 25 under a different format in which the 16 teams will be split into two groups located in two cities to stop any infections spreading.It follows the return of the Chinese Basketball Association competition last month — the first major league to return to action in the country following the coronavirus outbreak.Like in the CBA, CSL games will take place behind closed doors. China will not hold most international sporting events for the rest of 2020 as part of measures to stop the spread of coronavirus, the government said Thursday, dealing a potential blow to the likes of Formula One and tennis.Shanghai’s sports authority recently said that it had been offered two Formula One races this year, while several tournaments in China are on the revised tennis calendar.But China — where coronavirus emerged late last year before spreading globally — appears to have ruled out many of those now happening, despite local infections dwindling markedly. That includes the WTA Wuhan Open in October — the central city was the original epicentre of the pandemic and staging the annual tournament would be hugely symbolic.The fate of the Wuhan Open and season-ending WTA Finals has now been thrown into grave doubt, along with the prestigious ATP Shanghai Masters which would usually take place in the autumn.last_img read more

Real estate standout performer as Church of England returns 8.2%

first_imgWhile the fund has achieved an average 9.7% per annum growth over the past 30 years, Andreas Whittam Smith, first Church estates commissioner, warned that achieving such a satisfactory performance in future might be harder.He said investors were nervous because they felt governments had lost the power to reverse any slowdown in economic activity.In the past, governments would reduce interest rates, but now that rates hover around zero, that remedy is unavailable.“It’s hard to believe negative interest rates can provide the necessary boost, or governments would let the supply of money expand,” he added.“But doing that on a grand scale recently through so-called ‘quantitative easing’ has had more impact on the prices of assets, especially real estate, than it has had on business activity.“The risk is that economic activity slows down across the world and remains stuck at a low level.”The endowment fund helps finance the Church’s activities, as well as pensions arising from pre-1998 service.Over 2015, property – 28% of total assets – was a star performer, delivering a 14.4% return across all portfolios, although less spectacular than the 27% achieved the year before.The Commissioners attributed this return to active management of a high-quality set of properties.The best performing property class was strategic land, which returned 19.8%.The asset class, which makes up 3% of total assets, provides development opportunities and activity centred on housing developments in smaller towns and cities such as Carlisle, Peterborough and Chichester.  The largest allocation is to rural property, which makes up 9% of total assets and includes farmland, renewable energy and minerals rights.This allocation returned 9% over 2015.Residential property (6% of overall assets) returned 19.5% and commercial (4% of assets) 13.5%.Indirect property – minority investments in property partnerships – amounts to 3% of assets and returned 12.8%.The Commissioners focused on key sales, particularly of its global real estate investment trust (REIT exposure), and most of its student housing in the last three months of 2015.Timberland now makes up 4% of total assets, delivering 13% for 2015.The estate is invested in the UK, the US and Australia, and activity included further acquisitions of Indian sandalwood holdings in Australia.Meanwhile, global equities, which make up 23% of assets, returned 3.5% over the year, with UK equities (9% of assets) faring slightly better, with a 3.6% return.Tom Joy, director of investments, said: “Performance was again helped by our exposure to smaller companies, particularly in the UK, where our UK smaller companies portfolio returned 13.3% against
 its benchmark of 10.6%.”However, following this strong performance, the fund trimmed its UK allocation to smaller companies and exited completely from smaller company mandates in Continental Europe.Joy said exposure to emerging market equities had been a drag on the global portfolio performance.However, the 8% allocation to defensive equities generated a return of 8%.Private equity performed even better than in 2014, with a 20.2% return.The allocation was increased to 4% over the year and will be further expanded over the next few years.The fund’s fixed interest portfolio, which includes investments in global high-
yield bonds and emerging market
 debt, returned -1.6% during 2015, as credit markets sold off because of concerns over defaults from the collapse in commodity prices.The fund continues to maintain a low weighting to this asset class.However, it continued to increase its allocation to private credit, which returned 14.6% over the year. The Church Commissioners – the investment arm of the Church of England – has announced returns of 8.2% on its £7bn (€8.9bn) portfolio for 2015.Though lower than the 14.4% delivered in 2014, the return is still 2% above the fund’s target of inflation plus 5%.During 2015, the Commissioners focused on making selective sales from the property portfolio and on further diversification, to ensure the portfolio is more defensive in the face of expected market headwinds.This strategy has continued into 2016, when in March, the fund’s assets committee approved the sale of £250m of global equities, increasing cash holdings from 8% (as at end-2015) to just over 11% of total assets.last_img read more

No. 5 Syracuse holds Bucknell shotless, dominates in 5-0 win

first_imgAt the end of Saturday afternoon’s game at J.S. Coyne Stadium, the scoreboard favored Syracuse as expected. But Bucknell failed to record a goal, penalty corner or even a shot on the Orange. That was anything but expected.No. 5 Syracuse (4-0) dominated the Bison (1-2) for nearly 70 minutes in the team’s 5-0 home-opening win. The Orange offense tallied 18 shots on Bucknell goalkeeper Emily Finn, as five different SU players finished with two-plus shots. On the backline, the defense didn’t even allow a Bucknell shot, as goalkeeper Borg van der Velde extended the Orange’s shutout streak to four games.“We really take pride in being a passing team.” Syracuse head coach Bradley said. “To be able to see that starting to fire and people starting to connect is good.”The first 10 minutes was back and forth, but SU soon began to control possession and pour on shots. Once the Orange had the ball, it didn’t take long to find the back of the net. At the 11:42 mark in the first half, junior forward Jennifer Bleakney was passed the ball inside the arc. She lofted it out of the reach of a charging Finn and into the back of the net. Four shots and almost 20 minutes later, Caroline Cady found the ball with room to run after a long pass from Roos Weers. The senior forward took off down the sideline, and as the endline approached, began to curl her run toward the net. She finished past Finn, and the Orange went to break up 2-0. AdvertisementThis is placeholder text“I think we did a really good job finding the simple passes today, and not trying to force a lot,” midfielder Laura Hurff said.Shots often came in bunches for the home team on Saturday. In a two-minute span in the first half, SU racked up three shots and a penalty corner. The most dominant sequence of the game started midway in the second half. SU strung together back-to-back-to-back penalty corners in the matter of a couple minutes. Although the Orange never broke through on the corners, Syracuse controlled possession, not allowing Bucknell to create many opportunities. “(Our offense) was completely good from the front to the back,” freshman forward Carolin Hoffmann said.While time of possession isn’t a defined statistic in field hockey, Syracuse seemed to take control. While the Orange operated its offense as usual — swinging the ball side to side with the backs and pushing the offense up through its wings — Bucknell struggled to even cross midfield. Syracuse had more first half shots (seven) than times Bucknell put the ball in van der Velde’s arc all game (three). After goals from Hoffmann and Hurff, Emma Tufts had an opportunity to score SU’s fifth goal of the afternoon. With just under 10 minutes remaining, freshman Chiara Gutsche flung a pass Tufts’ way inside the arc. The junior forward received the pass cleanly and finished, slotting the ball through Finn’s legs and into the back of the net.In the first game back at home since a season-ending loss to Connecticut in the NCAA tournament in 2016, Syracuse dominated. Trying to think of something that went poorly, Hoffmann blanked.“I can’t really say (anything went wrong),” Hoffmann said. Comments Facebook Twitter Google+ Published on September 2, 2017 at 5:09 pm Contact Andrew: aegraham@syr.edu | @A_E_Grahamlast_img read more

Swedish adjustment sees GiG report Q1 2019 revenue dip

first_img Share Betsson outrides pandemic challenges as regulatory dramas loom July 21, 2020 Related Articles Submit Share GiG lauds its ‘B2B makeover’ delivering Q2 growth August 11, 2020 StumbleUpon LeoVegas hits back at Swedish regulations despite Q2 successes August 13, 2020 Issuing its first trading statement as a Nasdaq Stockholm-listed enterprise, Gaming Innovation Group (GiG) details a tough opening to 2019 trading, as the company undertakes Swedish market adjustments.Updating investors, GiG records a 13% group revenue decline to €32 million (Q12018: €37m), attributed to anticipated Swedish market costs following the re-regulation of the market.Swedish adjustments impacted GIG’s revenue segments for both B2B €14.2 million (Q12018: €15.3m)  and B2C €20.2 million (Q12018: €25.4m) segments.Adjusting to new Swedish conditions, GiG governance details that the company ‘tightened its cost control’, reducing its period cost of sales and marketing expenditures.Despite its revenue slowdown, GiG maintained a positive EBITDA of €4.1 million (Q12018: €4.3m) in-line with corporate expectations.Robin Reed, GiG CEO, commented: “The Company delivered an EBITDA of €4.1m in Q1 and the key highlight was all-time high revenues and EBITDA in our media business. It is a performance I am reasonably satisfied with in light of the loss of a major B2B customer which we announced in Q4-18, and the new regulation in Sweden which is impacting both our B2C and B2B revenues. We had anticipated this and managed the impact by careful cost control.“The business is robust with cash flow from operating activities of €2.6m. GiG has become better and more competitive as the Company matures. Our leadership has never been stronger, our processes are more robust, and our strategic understanding and intent has evolved. I am looking forward with confidence to the growth opportunities for the rest of the year.”last_img read more

Nathaniel “Nat” Tingley, formerly of Wellington: Aug. 6, 1979 – Dec. 22, 2012

first_imgNathan TingleyNathaniel Gene “Nat” Tingley of Joplin, Missouri formerly of Wellington, passed away, December 22, 2012 at his home in Joplin, Missouri.Funeral Services will be held at 10:30 A.M. on Friday, December 28th at the First Freewill Baptist Church in Wellington. Visitation will be Thursday from 9:00 A.M. until 8:00 P.M. with the family greeting friends from 5:00 to 7:00P.M at the Hawks-Shelley Funeral Home of Wellington.A memorial has been established to help with funeral expenses. Contributions can be left with the funeral home. For further information or to send a condolence please visit www.hawksfuneralhome.com. Survivors include his five children; Caitlyn, Shiloh, Jackson, Nickelaus and Izabelle all of Frankfort, Kansas, wife Kimberly Tingley of Joplin, step children; William Haines, Dakota Wammack and Jerason Wammack of Joplin, mother Sharon Lacey and step father Herbert Lacey of Wellington, KS, father Noel “Gilbert” Smith of Wichita, KS, and step mother Trish McCartney of Pittsburg, KS, sisters, Susan Auten of Wichita, KS, Sarah Rudd of Phillipsburg, KS and Erin Shore of Wellington, KS and step sister Leslie Lang of Winfield, KS, brother Irvin Tingley Jr., of Mulberry, KS as well as many nieces, nephews and friends. Nathaniel Gene Tingley was born on August 6, 1979 the son of Noel Gilbert Smith and Sharon Kay Russow in Pittsburg, Kansas. He was a 1997 graduate of Wellington High School. Nat worked a Cargill in Wellington for several years before joining the United States Army. He later went to Joplin after the Tornado and decided to stay in that area.center_img Preceding him in death is his dad Gene Tingley, brothers, Barry and Shane Tingley and all sets of grandparents.last_img read more

LeBron James ready for Mavs after getting Lakers back to winning ways

first_imgThe four-time NBA MVP played through the pain, however, to score 21 points and dish out 16 assists as the Lakers snapped a four-game losing streak with a 128-120 victory.MORE: LeBron is SN’s NBA Athlete of the Decade for 2010sDespite also landing heavily on his elbow after a fall, James is ready to patch himself up and go again against the Mavs.”I’m fine, I’ll be all right. Yes [it was the same part of the elbow I hit in Miami], pretty much,” he told reporters before being asked if he would face Dallas.”Yes, I’m planning on it,” he replied. “As long as this ice takes care of its business and I wake up comfortably and healthily, [then] yeah.”I’m doing all right for myself.”Lakers coach Frank Vogel maintained James would need to be assessed closely.”When you have a back-to-back, you just treat it like this is the only game you’re playing and then figure out tomorrow tomorrow,” he said, as quoted by ESPN. LeBron James is confident he will be fit for the Los Angeles Lakers’ showdown against the Dallas Mavericks on Sunday as he continues to manage a groin problem.James was listed as questionable ahead of Saturday’s game at the Portland Trail Blazers after aggravating the injury during the Lakers’ Christmas Day loss to the Los Angeles Clippers. Kyle Kuzma led the Lakers with 24 points, while Anthony Davis contributed 20 and Rajon Rondo provided 15 points and four assists from the bench.”Rondo came in with so much, his pace was incredible. Kuz is keeping up his streak of scoring the ball with the punch we’ve been wanting all year,” James added, with Kuzma having defused potential pregame tension caused by his personal trainer making critical comments of James on social media.”He’s getting back to his groove. And AC [Alex Caruso], and Dwight [Howard] was a monster in the paint. Everybody else just chipped in. It was a good all-around game.”last_img read more

Seton-La Salle turns back upset-minded Steel Valley, 20-13

first_imgThere are nearly 7 billion people on the planet earth and only 32 starting quarterbacks in the NFL. What are the chances that two quarterbacks from tiny WPIAL AA schools would lead their teams on Oct. 3, 2010? Impossible, but it happened. Former Seton-La Salle star Bruce “The Polish Cannon” Gradkowski is the QB for the Oakland Raiders and former Steel Valley Ironmen Charlie Batch is the starting QB for the Pittsburgh Steelers.But it would be a mistake to overlook what the Ironmen and Rebels can do in the rushing department—especially with running backs like Steel Valley’s Delrece Williams and Seton-La Salle’s Kevin Hart. Williams is one of the WPIAL’s leading rushers with more than 1,000 yards and Hart is the scoring leader with 15 touchdowns.“We knew this was going to be a tough game,” said assistant coach Bill Stull, former Seton-La Salle and Pitt star. “Steel Valley always has great players. Charlie Batch, Luke Getsy and I played at Pitt with a good one in Tyrone Ezell.”The Seton-La Salle student section, wearing khaki shorts, white dress shirts and a tie cheered as loudly as the Steel Valley students, many dressed in superhero Ironman costumes.Steel Valley jumped out to a 7-0 lead in the first quarter after 225-pound fullback James Caldwell caught a 26-yard pass and powered his way into the end zone. David O’Brien threw a perfect strike to Mike DelSardo for an 18-yard touchdown and evened the score at 7-7. Caldwell scored with less than a minute before halftime to extend the lead to 13-7.Then, the wheels fell off Steel Valley’s wagon.The presence of the Rebels’ offensive linemen—Ben Skiff, J. J. Beggan, Will French and Jay Moog—is an unwelcome sight for most defensive players. Seton-La Salle, riding a five-game winning streak, came into the game with a blue collar attitude and wanted to show that they also have a blue chip quality quarterback in David O‘Brien.O’Brien, who finished the day 12-of-20 for 168 yards and two scores, delivered another knockout punch. Hart scored a 2-yard, game winning touchdown with 4:21 remaining in the fourth quarter. Known for his strong arm, O’Brien’s best weapons Friday night were his brain and quick feet. He committed few mental mistakes and made smart decision after smart decision when his pocket collapsed around him, often scrambling instead of forcing the ball into coverage.Human-highlight-reel running back Williams rushed for 143 yards to place himself as the WPIAL’s third-leading rusher, but the Rebels kept him out of the end zone.“Pitt recruit and Woodland Hills running back Lafayette Pitts should be playing here,” said coach Timbers. “Delrece Williams and Lafayette played in the same midget league backfield at Steel Valley. With Delrece, Pitts and Caldwell all on the same team would be perhaps the greatest backfield ever.”Many of the Steel Valley Ironmen players look like they were carved from stone, but defeating Seton-La Salle is never set in stone. The Seton-La Salle express continued its march through the 2010 season Friday, as the Rebels defeated Steel Valley (3-2) 20-13, to improve to a perfect 5-0 on the year. The Rebels used 13 unanswered points to turn back the upset-minded Ironmen at Mun­hall’s William V. Campbell Field. Both Steel Valley and Seton-La Salle generate a lot of attention because they have produced quarterback after quarterback with gaudy career passing statistics. BRUISING RUNNER—James Caldwell, Steel Valley’s 225-pound bruising fullback, scored both touchdowns for the Ironmen in their loss to Seton-La Salle. (Photo by William McBride) last_img read more

Time for payback for Gilas vs Chinese Taipei

first_imgDon’t miss out on the latest news and information. Duterte’s ‘soft heart’ could save ABS-CBN, says election lawyer IT happens: Facebook sorry for Xi Jinping’s name mistranslation Filipino fans, meanwhile, aside from unconditionally supporting Gilas in whatever country it plays in, love playing against Chinese Taipei and rooting for a win because OFWs in this progressive island feel that it’s like putting one over their employers here.But what really makes this 7 p.m. match at Taipei Peace Basketball Hall even more interesting is the fact that Team Philippines has a score to settle against the home side on Sunday night – and the Filipinos are also looking for some sort of momentum for a battle ahead the carries much larger stakes.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’“They beat us the last time,” Gilas coach Chot Reyes said on Saturday night after scouting first half action of Chinese Taipei-Japan, which the Taiwanese won, 86-65, to get their bid off on the right foot in front of, yes, their boisterous fans.That last time Reyes was talking of happened in 2013 in Manila during the Fiba Asia Championship at Mall of Asia Arena where the Taiwanese scored an 84-79 decision in the first round and deflated – in part – hopes of a very hopeful nation. Miazga’s late goal gives US 1st place in Gold Cup group The Philippines, of course, went on to rebound from that setback and never lost again until the gold medal game against Iran, going on to return to the World Cup for the first time in 40 years by seeing action in Seville, Spain and even winning one game.Reyes was very aware that the Taiwanese pulled their punches somewhat even with the handy win against the Japanese.“As you can see behind their (Taiwanese) bench, there are still a lot of (good) players they didn’t use tonight,” Reyes, while using his lips to point out to the Chinese Taipei bench early in the third period, said.This match is also important because both countries are in Group B together with China and Iraq in the first round of the World Cup Qualifying, and the Philippines will play Taiwan in November in this very venue.“If we turn the ball over the same way we did against Canada, we’d be in trouble,” Reyes said. “But if we can take care of the ball and defend more intelligently, we have a great chance.”ADVERTISEMENT Gilas Pilipinas’ Matthew Wright. Photo by Tristan Tamayo/INQUIRER.netTAIPEI – Gilas Pilipinas versus Chinese Taipei is always the noisiest game in the Jones Cup Invitational.The Taiwanese, like the Filipino fans, embrace their national team like heroes – as should be – and follow each and every game with the kind of fervor that can definitely unsettle any visiting team.ADVERTISEMENT Missile-capable frigate BRP Jose Rizal inches closer to entering PH Navy’s fleet View comments LIVE: Sinulog 2020 Grand Parade Filipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite Malacañang open to creating Taal Commission 787 earthquakes recorded in 24 hours due to restive Taal Volcano End of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend MOST READ Marcosian mode: Duterte threatens to arrest water execs ‘one night’ OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson LATEST STORIES For some Filipino fans who have been working here for years, this game is the game to win for a lot of reasons.Sports Related Videospowered by AdSparcRead Nextlast_img read more

Dave Ildefonso stars as NU holds off UST

first_imgGov’t to employ 6,000 displaced by Taal Sports Related Videospowered by AdSparcRead Next Allen Durham still determined to help Meralco win 1st PBA title Don’t miss out on the latest news and information. Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Shaun Ildefonso, Dave’s older brother, added a double-double with 10 points and 11 rebounds while Issa Gaye anchored NU’s defense with seven blocks with six points and four rebounds to boot.With Gaye inside for the Bulldogs, the Tigers had to bleed for points. UST’s guards Renzo Subido and Marvin Lee had a cold shooting night, combining for 8-of-43 from the field.Despite the loss, a five-point loss to a Final Four contender in NU gives UST a lot of reasons to feel good about this year under new coach Aldin Ayo after coming off a season where it finished with only one win.ADVERTISEMENT Japeth Aguilar embraces role, gets rewarded with Finals MVP plum NU’s Sean Dave Ildefonso drives past the defense of UST’s CJ Cansino. INQUIRER PHOTO/ Sherwin VardeleonNational University held off University of Santo Tomas, 75-70, at the start of the UAAP Season 81 men’s basketball tournament Saturday night at Mall of Asia Arena.Rookie Dave Ildefonso played like a veteran in his debut for the Bulldogs, scoring a game-high 20 points that went with seven rebounds, four assists and a block.ADVERTISEMENT Tim Cone, Ginebra set their sights on elusive All-Filipino crown Under new coach, Pasaol, UE need time to figure out rolescenter_img NU blew a 17-point lead it built in the third quarter after UST came within four, 72-68, after a basket by Steve Akomo with 1:36 left.“Coaches were not satisfied. We played really good in the third quarter but we didn’t play selflsess in the fourth quarter that only shows that we really have a young team,” said NU head coach Jamike Jarin.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSTim Cone still willing to coach Gilas but admits decision won’t be ‘simple yes or no’“But like what I’ve been telling everybody especially these young men, we have to mature fast in order to compete this season.”First-year forward CJ Cansino also shone with 20 points and nine rebounds to lead the Growling Tigers, who muffed several chances to pull much closer inside the final minute. For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. MOST READ Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Ginebra beats Meralco again to capture PBA Governors’ Cup title Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college LATEST STORIES Nadine Lustre’s phone stolen in Brazil View commentslast_img read more