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Colliers’ councillor

first_imgWould 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 newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

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Pandemic slams Asia’s factories, activity hits financial-crisis lows

first_imgWhile China appears to be ahead of others in emerging from the economic paralysis inflicted by the pandemic, any recovery is expected to be gradual and unlikely to fire up an immediate resurgence in global demand.The PMI for Taiwan, a major producer of high-end technology components, fell to 42.2, its lowest since 2009 and down from an expansionary 50.4 in March.The declines in South Korea’s and Taiwan’s PMIs showed contractions that were less severe than those seen in other economies in the region, with indicators in Malaysia, Indonesia and Vietnam all reporting plunges to record lows.Capital Economics’ Holmes said while South Korea and Taiwan held up better than their Southeast Asian counterparts, thanks mostly to effective government policies to contain the virus, conditions have nonetheless worsened.Official data released last week showed the coronavirus sent South Korean exports plunging in April at their sharpest pace since the global financial crisis.South Korean tech giant Samsung Electronics Co Ltd last week said it expected profits to decline in the current quarter due to a slump in sales.It said that while work-from-home orders and growth in online learning would underpin demand for memory chips, the outlook for smartphones and TVs was bleak as consumers put off discretionary spending.The production slump is of particular concern to policymakers, who are worried about the socially destabilizing effects of massive unemployment as firms in both factory and service sectors slash headcount.A private-sector survey in Australia on Monday showed job advertisements plunging a record 53.1% in April, a decline that was almost five times larger than the previous record of 11.3% in January 2009. Asia’s factory activity was ravaged in April, business surveys showed on Monday, and the outlook dimmed further as government restrictions on movement to contain the coronavirus outbreak froze global production and slashed demand.A series of Purchasing Managers’ Indexes (PMIs) from IHS Markit fell deeper into contraction from March, with some diving to all-time lows and others hitting levels last seen during the 2008-2009 global financial crisis.Similar gauges out of Europe’s largest economies due on Monday and later in the week are also expected to show dire global industry conditions. Topics :center_img The PMI for South Korea, Asia’s fourth-largest economy and a global manufacturing powerhouse, skidded to 41.6 in April, the lowest reading since January 2009. Japan’s PMI released last week similarly fell to an 11-year low.”The bad news is that the hit to industry in many places is unlikely to be passed the worst,” Alex Holmes, Asia Economist at Capital Economics, wrote in a note.”Global demand has slumped and we don’t think it has bottomed out yet. The latest incoming data for the U.S. and Western Europe point to an unprecedented slump in demand. And while China’s economy has started to recover, demand there remains very weak.”Last week, China’s official PMI showed factory activity still growing in April, albeit more slowly than March, while the private-sector Caixin PMI showed a dip into contraction, although at a much gentler pace than the rest of the world. Significantly, exporters in both surveys were jolted by steep falls in orders.last_img read more

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Norwegian SWF takes issue with PRI’s ‘real-world impact’ chapter

first_imgThe manager of Norway’s sovereign wealth fund has taken the Principles for Responsible Investment (PRI) to task over some aspects of its work in a letter relating to the organisation’s 2019 signatory survey, the consultation on which ends today.Explaining some of its responses to the online survey, Norges Bank Investment Management wrote that it had reservations about PRI’s focus in its 2017 long-term strategy document on “real world impact” and “outcome-based reporting on the SDGs”, as shared in response to previous consultations. “We consider the Blueprint’s chapter on ‘enabling real-world impact aligned with the SDGs’ as a departure from the Six Principles and PRI’s mission, which do not provide direction for the PRI to work on how investors should advance global development and support international political commitments,” wrote NBIM’s chief corporate governance officer Carine Smith Ihenacho and head of sustainability Wilhelm Mohn.Furthermore, they said, the chapter could be interpreted as an expectation that financial investors should have dual or multiple objectives. Carine Smith Ihenacho, chief corporate governance officer at NBIMFrom that perspective, they said, NBIM saw the benefits of PRI supporting research and knowledge on such issues and how they could affect financial markets and investors in general.On the topic of policy and research, NBIM said that given PRI’s growing signatory base, it was important that as far as possible, messages conveyed by the PRI to policy makers represented broadly-held views among signatories and outcomes permissible under their respective mandates.“With a signatory base representing different interests, the PRI may need to introduce more rigorous processes to gather views of signatories and ensure that its policy work remains balanced when engaging on public policy issues,” wrote Ihenacho and Mohn.Impact ‘de facto a new principle’On the issue of governance, NBIM said it felt certain key points relating to this – including the governance and processes in place at PRI for taking important decisions – were not covered in the signatory survey, which had only one question on the PRI’s governance.Noting that safeguards in the PRI’s articles of association give signatories reassurance that the PRI’s activities match the declaration approved when joining, NBIM singled out the right for signatories to vote on any amendment to the Six Principles.“We believe it is important that any substantial strategic development which may represent de facto a new principle is treated as such, and therefore subject to a signatory vote,” argued Ihenacho and Mohn.Although they said the Blueprint’s new chapter on “real-world impact aligned with the SDGs” was not linked to an existing principle, NBIM believed it represented a substantial strategic development, which can be seen as de facto a new principle.On top of this, the pair called for more transparency in consultation processes, saying questions should be unambiguous and focus on specific points and proposals. They said the PRI should make sure that a majority in each signatories’ category supported a proposal, and that ‘don’t know’ answers should also be taken into account.“When a proposal does not get the clear support of signatories, the PRI should amend it to reflect signatories’ feedback,” they wrote. “However, as a long-term and global asset owner, we have a general interest in understanding how issues related to sustainability, as well as the achievement of the SDGs, may impact the economy and the companies we invest in, and thus long-term risk and return,” the pair said.last_img read more

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New project launched to scan Egypt’s pyramids

first_imgScientists have launched an international project to probe the heart of Egypt’s largest pyramids, without even touching them.Using infrared scanning technology, the large scale project it is hoped, would reveal secrets of these magnificent ancient structures.Maria Galang has the story.last_img

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UPDATE: Decatur County EMA officials close U.S. 421 bridge

first_imgORIGINAL STORY:Greensburg, In. — The Decatur County Emergency Management Agency has closed U.S. 421 between County Roads 520 West and 420 West due to bridge damage. Unconfirmed reports indicate the damage occurred during recent weather events.This is a developing story. Greensburg, In. — Officials from the Decatur County Highway Department now say the U.S. 421 bridge between County Roads 520 West & 420 West will be closed for at least 30 days. The suffered damage during recent severe weather events and was officially closed over the weekend.No other information is available.last_img read more

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Cardinals Basketball Results

first_imgThe St. Louis Cardinals 6th Grade Boys Basketball team defeated St. Michael’s 38-18 to improve to 11-3 on the season.Cardinals Scoring.  Hank Ritter – 12 pts.; Eli Weiler – 8 pts.; Conner Miles- 8 pts.; Thomas Lohmueller – 6 pts.; Carson Meyer – 2 pts.; Evan Flaspohler – 2 pts.Rebounds.  Hank Ritter – 11; Eli Weiler – 9; Carson Meyer – 7; Conner Miles – 2.Steals.  Hank Ritter – 4; Thomas Lohmueller – 3; Preston Conway – 2; Conner Miles – 2; Carson Meyer – 2.Courtesy of Cardinals Coach Jerry Roell.last_img read more

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Barcelona considering move for Spurs defender

first_img Foyth, who made several appearances under former coach Mauricio Pochettino, hasn’t been getting minutes under current manager Jose Mourinho. Per a report by Mundo Deportivo, the Argentine has been offered to the league leaders.Advertisement Promoted ContentA Hurricane Can Be As Powerful As 10 Atomic BombsWhat Happens To Your Brain When You Play Too Much Video Games?Couples Who Celebrated Their Union In A Unique, Unforgettable Way14 Hilarious Comics Made By Women You Need To Follow Right Now6 Incredibly Strange Facts About Hurricanes13 kids at weddings who just don’t give a hootCan Playing Too Many Video Games Hurt Your Body?8 Best Movies On Amazon Prime Video To Stream Right Now6 Ridiculous Health Myths That Are Actually TrueEverything You Need To Know About Asteroid ArmageddonNo Good Disney Role Models For Boys?Top 10 Most Romantic Nations In The World read also:Mourinho opens up on Tottenham Champions League squad decisions Still only 22, Foyth is a center back who has even played as a right-back for the Argentina national team. Barcelona are considering a move for Tottenham central, defender Juan Foyth.center_img Loading… FacebookTwitterWhatsAppEmail分享 last_img read more

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Update on the latest sports

first_imgFORT WORTH, Texas (AP) — Harold Varner III took his place in history in the PGA Tour’s technology era, all because of a triple bogey.Jordan Spieth had his lowest 36-hole score in four years. Rory McIlroy shot 63 with a bogey on his last hole. The strongest field of the year in golf’s return to competition produced an All-Star leaderboard at the Charles Schwab Challenge.Varner had plenty of juices flowing after his first tee shot on No. 10 went onto a bridge, led to a one-shot penalty, and eventually a triple bogey that quickly knocked him out of a share of the lead. No worries. He answered with eight birdies and a place in the record book with a 66. It was the lowest score on the PGA Tour by a player who began his round with a triple bogey. He was at 11-under 129, the lowest 36-hole score of his career. He heads into the third round with a one-shot lead over Spieth and Bryson DeChambeau.The PGA Tour has returned after three months because of the pandemic. And if the opening round felt like the first day of school, Friday was a small step toward normalcy, even without fans.PGA-FBC HERITAGE Share This StoryFacebookTwitteremailPrintLinkedinRedditVIRUS OUTBREAK-SPORTSMLB offers players 80% of prorated salaries, 72-game seasonUNDATED (AP) — Major League Baseball has offered players 80% of their prorated salaries and a 72-game schedule starting July 14 in an effort to start the pandemic-delayed season. That’s according to details of the proposal obtained Friday by The Associated Press. CINCINNATI (AP) — Marge Schott’s slurs and other offensive comments while she owned the Cincinnati Reds have organizations in her hometown reconsidering the use of her name on facilities that benefited from her donations.Schott died in 2004, but her name is still prominent in the community. Most of her estate went to a foundation that funds a wide range of philanthropic ventures. Her name is featured on many facilities, from the Cincinnati Zoo to a baseball stadium on the University of Cincinnati’s campus.Calls for racial justice following George Floyd’s death have renewed questions about how to remember Schott, who was repeatedly suspended and ultimately ousted by Major League Baseball over her slurs and praise for Adolf Hitler.A Catholic high school this week became the first to remove her name from facilities. — The Court of Arbitration for Sport says it has dismissed appeals by two Swiss soccer clubs who wanted to complete their league season despite the coronavirus pandemic. The Swiss soccer association voided the seasons of all leagues below the second division and scrapped promotion from the third division. Third-division league leader Yverdon Sport asked CAS to approve its promotion and both Yverdon and second-place Rapperswil-Jona appealed to the court to order the season restarted. The court says the Swiss soccer body did not violate its rules and dismissed the appeals one day after a fast-track hearing was held Thursday.— English Premier League jerseys will feature “Black Lives Matter” instead of player names for the first 12 games after the competition’s shutdown ends on Wednesday. The movement’s campaign logo will then feature elsewhere on jerseys through the July 26 conclusion of the pandemic-delayed season as players decided to highlight racial injustice following the police killing of George Floyd in Minneapolis last month. The Premier League also announced it would support players taking a knee at matches.— The head of the Tokyo Olympics says 80% of the facilities needed for next year’s games have “basic approval” to be used. But organizing committee president Yoshiro Mori says “there are also venues that already have reservations from other users for next year.” Organizers say that two of the largest venues needed for the Olympics have not yet been secured. They are the 5,000-apartment Athletes Village and the Tokyo Big Sight. That is the venue for the main press center. Organizers are also still unable to say what the delay caused by the coronavirus pandemic will cost and who will pay.PGA-COLONIALVarner takes early 1-shot lead over Spieth, DeChambeau June 12, 2020 The law goes into effect in July 2021. By then, both the NCAA and Congress could have national legislation in place to lift restrictions on college athletes being paid for the use of their names, images and likenesses. Florida is the third state, joining California and Colorado, to pass a law targeting current NCAA rules that restrict college athlete compensation. Florida’s law goes into effect 18 months earlier than the other two.NCAA-ELECTION DAYNCAA encourages day off from college sports on election dayUNDATED (AP) — The NCAA is encouraging its 1,100 member colleges and universities to give athletes the day off from sports on election day.In response to nationwide protests of police brutality and racial injustice, Georgia Tech announced earlier this week it was giving nine fall sports teams a day off from athletic activities on Nov. 3 so athletes can vote in person. UCLA followed with a similar announcement. Players would get 70% of their prorated salaries during the regular season and the rest for completion of the postseason. The players’ last offer was for an 89-game regular season at full prorated pay.MLB proposed that players be guaranteed about $1.25 billion in salaries, earn an additional $200 million if the postseason is completed plus a $50 million postseason players’ pool even if no tickets are sold.The union’s proposal would guarantee players $2.2 billion. Before the new coronavirus caused opening day to be pushed back from March 26, salaries had been set to total $4 billion.Players have insisted they receive 100% of their prorated salaries, the terms the sides agreed to in March. But MLB told the union that playing in empty ballparks without gate revenue would cause a loss of $640,000 for each additional game played and that teams can’t afford 100% prorated pay. The union has said it doubts MLB’s figures but has not received sufficient financial disclosure to make a full evaluation.In other news related to the coronavirus pandemic: — The NBA has given teams a more definitive timetable for the restart to the season. It includes required coronavirus testing that is set to begin this month and mandatory individual workouts in early July before training camps. The league is still working on completing the health and safety protocols that will essentially become the rulebook for the restart at the Disney campus near Orlando, Florida. Talks with the players’ union on those matters are continuing.—The University of Houston is suspending all voluntary workouts for its athletes after six tested positive for COVID-19 with symptoms. Houston announced it was shutting down workouts due to “an abundance of caution” and an increase of positive tests in the greater Houston area over the last week. The school said the athletes, who were not identified, have been placed in isolation and medical staff is conducting contact-tracing procedure.— An unidentified Boston Bruins player has tested positive for COVID-19. General manager Don Sweeney says the player had not been a part of informal workouts with his teammates. The Bruins say the player was tested as a requirement to enter the team’s practice facility and came up positive. The player has not shown any COVID-19 symptoms. The Bruins say the player has since tested negative twice for the disease.— The Kentucky Derby Festival won’t have any large-scale events this year, including the highly popular Thunder Over Louisville air and fireworks show that leads off the run-up to the Kentucky Derby. The Kentucky Oaks for fillies and 146th Derby were postponed from May 1-2 to Sept. 4-5 because of the coronavirus pandemic. Thunder Over Louisville was rescheduled for August, but Festival organizers announced last night that the air show and events such as the miniMarathon and Pegasus Parade are off.— Formula One races in Azerbaijan, Singapore and Japan have been canceled because of issues arising from the coronavirus pandemic. The sport’s governing body says it still hopes to deliver up to 18 races in the rearranged 2020 season. The first eight have already been confirmed and they start with a double-header in Austria in early July. The races in Azerbaijan and Singapore use street circuits and require long lead times to construct them. The Japanese Grand Prix was canceled because of ongoing travel restrictions during the pandemic. That was scheduled for Oct. 11.center_img Update on the latest sports Associated Press The letter said it was sent on behalf of the Longhorn “student athlete body.” It said the football team will participate in all required team activities ahead of the upcoming season, but players would not aid in recruiting future players or participate in alumni events.The two-page, unsigned note posted on social media accounts of dozens of Longhorns athletes noted the school’s motto of “What starts here changes the world.” It said the group was moved to issue its call for campus changes after protests erupted nationwide following the death of George Floyd while in the custody of Minneapolis police.NCAA-COMPENSATING ATHLETESFlorida governor signs college athlete compensation billTALLAHASSEE, Fla. (AP) — Florida Gov. Ron DeSantis has signed into law a bill that would allow college athletes in the state to earn money from endorsement deals. Hilton Head field stacked with winners, but no Tiger WoodsHILTON HEAD ISLAND, S.C. (AP) — The field for the RBC Heritage next week includes 114 players who have won on the PGA Tour, the most of any event since the tour began keeping track in 2000.It just doesn’t have Tiger Woods.For the second straight week, the top five in the world will be competing as golf resumes its schedule from the COVID-19 pandemic shutdown that began in March.Rory McIlroy, the world’s No. 1 player, will be at Hilton Head for the first time since 2009. Brooks Koepka will be playing for the first time. At other schools, coaches and players have organized team-wide voter registration efforts, marches and rallies.The protests were sparked by the death of George Floyd, a handcuffed black man who who died after a white Minneapolis police officer pressed his knee into Floyd’s neck for several minutes.The NCAA did not mandate a day off for athletes on election day, but instead encouraged schools to assist students in registering to vote and give them a day off from athletics.CINCINNATI-SCHOTT’S NAMEWhat’s in a name? Cincinnati grapples with Marge Schott Woods only played Hilton Head one time, in 1999. It was thought he might return at Hilton Head, especially with no likely appearances for him until the Memorial on July 16-19. Speculation increased when a marine tracking site indicated his yacht “Privacy” was just off the Georgia coast near Sea Island.But there could be family obligations as his daughter’s 13th birthday is Thursday.AMERICA PROTESTS-TEXASTexas athletes: Rename buildings, drop ‘The Eyes of Texas’AUSTIN, Texas (AP) — A group of University of Texas football players and athletes across several sports called on the school Friday to rename several campus buildings, change the traditional school song and donate a percentage of athletic department revenue to organizations supporting the Black Lives Matter movement.last_img read more

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Chukwu Says Moses is Not Indispensable

first_imgThe 67-year-old, while reacting to the decision of the former Wigan Athletic player wishes him all the best and is optimistic that the Super Eagles will find a replacement for the winger.“He has made his decision and there is nothing we can do. We wish him good luck and all the best,” Chukwu told Goal.com.“We will miss him but we have to understand that he has made his decision. He is a man and we can’t force him to do what his mind does not want to do.“I believe he is replaceable. If we don’t have someone immediately in the present Super Eagles, we will look for with time, with more opportunity to others.Meanwhile, Moses’ former international teammate, Ahmed Musa has said that the Chelsea of England wing-back will always be remembered.In his reaction, the new Al Nassr player is delighted to have played along the former Liverpool man and wish him well in his future endeavour.“It was a pleasure to play alongside such a great player,” Musa tweeted.“You have served your nation well and will always be remembered. Good luck in all you do Victor Moses.”Nigeria will continue their Africa Cup of Nations qualifiers against Seychelles without the influential winger on September 8.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Former Nigerian national team coach Christian Chukwu believes Victor Moses is replaceable after the forward retired from international duty.Sighting family and club commitment, the Chelsea winger on Wednesdayannounced his sudden retirement from the national team after six years with the Super Eagles.Moses who scored 12 goals in 37 appearances for the three-times African champions won the 2013 African Cup of Nations – a trophy that eluded Nigeria for 19 years – and featured in two World Cup tournaments.last_img read more

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