At least 30 dead in South Korea as rain triggers landslides, floods

first_imgIn all, nearly 6,000 people have been evacuated from their homes across the country this month, with about 4,600 of them staying at temporary shelters.Among the victims was a man in his 80s who was found dead after he was buried in a landslide with his tractor. A 61-year-old man and a 59-year-old woman were killed after their home was swallowed by a landslide.Authorities have issued landslide warnings for 24 regions. At least 667 landslides have been reported so far in August.More heavy rain is expected to cause further damage in flood-hit areas as Typhoon Jangmi, the season’s fifth typhoon, is forecast to strike the southern region from Monday, according to the Korea Meteorological Administration. Topics : Landslides and flooding triggered by days of heavy rain in South Korea have left at least 30 people dead and 12 missing, officials said Sunday, warning of more downpours. Torrential rain has wreaked havoc across the country since the beginning of the month, but nearly half of the deaths occurred in the past three days, according to the Ministry of the Interior and Safety.Since Friday more than 3,700 people have been displaced from their homes after flooding in the country’s hardest-hit southern region. last_img read more

Bayern worthy winners in strangest Champions League season

first_imgThe coronavirus pandemic killed the Champions League as we know it, at least temporarily, and UEFA was forced to come up with a new ‘Final Eight’ format in order to make sure its flagship competition was completed.UEFA president Aleksander Ceferin told AFP in an interview in Lisbon that the format was likely to be a one-off, and some will be tempted to say that this Champions League should always have an asterisk next to it.But, against first-time finalists PSG, Bayern were worthy winners of their sixth European Cup, their third in the Champions League era.They won all their 11 Champions League matches this season, an unprecedented feat.  It will be remembered as the strangest of Champions League seasons but it has ended with a familiar name on the trophy after Bayern Munich got the better of Paris Saint-Germain in Sunday’s final in Lisbon, with their deserved success the result of the remarkable job done by coach Hansi Flick.There was tickertape at the trophy ceremony and the usual celebratory songs playing over the loudspeakers at the Estadio da Luz as the Bayern players savored the moment after Kingsley Coman’s goal saw them defeat PSG 1-0.But it was a bizarre spectacle with the 65,000-seat stadium empty, supporters having been barred from attending the biggest match in club football. They scored 43 goals in that time on a run that included a 7-2 win at Tottenham Hotspur and the stunning 8-2 demolition of Barcelona in the quarter-finals in Lisbon.They just had the better of the final, even if they were fortunate at times up against the French side’s formidable attack of Neymar, Kylian Mbappe and Angel Di Maria.In Manuel Neuer, Jerome Boateng, David Alaba and Thomas Mueller, Bayern’s line-up featured four survivors from their last final victory, against Borussia Dortmund in 2013.But this was also about the new faces, such as 19-year-old left-back Alphonso Davies, the Canadian international.”Moments like these you dream of as a kid,” he told DAZN. “I honestly can’t believe it, winning the Champions League is the top level.” Winning formula Flick deserves great credit.A year ago Bayern were dumped out by Liverpool, the eventual winners, in the last 16, and under Niko Kovac looked a long way off being contenders to win the trophy again.But Flick replaced Kovac in November, initially as caretaker, and has gone on to win a treble.”It’s such a huge joy, it feels like we have come a long way since November,” said Mueller, a player reborn under Flick.”I don’t know how it looked from outside, but it felt like we deserved it in the way we played.”As for changing coach mid-season, it is a formula that has worked for clubs at this level in the recent past.Flick is the third coach in the last decade to win the Champions League having being appointed during a campaign, after Roberto di Matteo with Chelsea in 2011/12 and Zinedine Zidane with Real Madrid in 2015/16.Zidane went on to win the next two as well.center_img ‘Not the football we know’ It remains to be seen how Bayern will fare next season, which is just around the corner, with the Bundesliga starting on September 18 and the Champions League group stage in October.They will be a formidable force again, but so will their rivals, including PSG, who need not be too downbeat in defeat.”Over the last few weeks we have shown everything you need to win every title going,” said PSG coach Thomas Tuchel.”We lost 1-0 in the final against one of the strongest sides in Europe. We must maintain the same quality to carry on this road.”The format of one-off matches in the quarter-finals and semi-finals maybe helped PSG more than anybody else, given their struggles in knockout ties in recent years.But, as long as the health crisis does not worsen again, the Champions League will return to normal in the new campaign, and that includes seeing at least some fans return to stadiums.Istanbul is in line to host the 2021 final, having had this season’s showpiece taken away, and hopefully the winning team will be able to celebrate with their supporters.As Flick said: “It’s a pity that the fans couldn’t be here with us today. Perhaps they can be back again in the future. A game like this without supporters is not the football that we know.” Topics :last_img read more

USS returns, cost saving overshadowed by deficit increase

first_imgBill Galvin, USS group chief executive, said the scheme was reviewing its expectations for future risks and returns “from first principles”. He said this would feed in to conclusions about the deficit and future funding, to be negotiated with employers and published in September.The scheme generated 12% a year in investment returns over the course of the past five years, the annual report showed, outstripping its benchmark and liabilities.Galvin said the long-term performance of the scheme remained “strong”, adding that he expected USS’ portfolio to outperform liabilities in future. The Universities Superannuation Scheme (USS) gained 20.1% in 2016-17 and cut its investment costs but was unable to stop its deficit rising substantially, according to its annual report.USS – the UK’s largest pension fund – grew its assets to £60bn (€67.1bn) as of 31 March, up from £49.8bn a year earlier. However, this failed to keep pace with the scheme’s liabilities, which reached £77.5bn.The liability increase was caused primarily by a falling discount rate and lower yields on index-linked Gilts, USS said.The £17.5bn shortfall could lead to a revised deficit recovery plan and higher employer contributions, once a formal actuarial valuation is completed later this year. The scheme must also submit its recovery plan to the Pensions Regulator. Source: USSRoger Gray, chief investment officer, added: “The scheme’s assets generated exceptional absolute returns over the past year. We underperformed however versus the strategic benchmark due to underweights in index-linked Gilts and US equities, with the portfolio focused on assets expected to outperform in the long-term.”We are confident that the breadth and diversity of assets and capabilities deployed for the scheme will continue to pay off over longer periods.”USS estimated that it had added £1.1bn to the scheme’s net value through active management.During the 2016-17 financial year, USS also managed to reduce its investment costs by seven basis points. The total cost was 32bps – an improvement of 15bps compared to March 2014. Nearly three-quarters (73%) of the scheme’s investment portfolio is managed by its in-house team.In October USS launched its first defined contribution (DC) proposition, primarily aimed at those earning pension contributions above the scheme’s cap. At the end of March it had £99.2m invested across 14 DC investment products.last_img read more

FCA urged to investigate fund manager voting policy ‘market failure’ [updated]

first_imgAlmost three quarters of fund managers surveyed by AMNT made no mention of ethnic diversity on boardsThe association surveyed 42 fund managers, analysing the extent to which their public voting policies reflected AMNT’s “Red Line” policies on climate change, gender and ethnic diversity on boards, and executive pay. It said managers remained unwilling to accept client-directed voting in pooled arrangements on the basis of these guidelines, which were launched at the end of 2015. According to the AMNT, of 38 fund managers that publicly disclosed a voting policy, over half did not have a climate change-related voting policy or guideline.More than 30% made no reference to gender diversity on boards, and almost three-quarters made no specific mention of ethnic diversity in this context.The association also said few managers had a voting guideline on tackling excessive total executive pay.“Too many fund managers’ public policies are, in the areas studied, out of alignment with either best practice or asset owners’ and societal concerns,” said the AMNT. “A significant number of fund managers are not prepared to publicly state either what their voting policy and/or guideline is. “We believe the amount of flexibility being used as an excuse for the lack of transparency is not serving clients’ best interests especially in this regulatory environment, and indeed only serves to create doubt as to how serious the fund managers take the issues.”This article was updated on 30 May 2019 to add a comment from the FCA. By the beginning of October trustees will be required to set out their policies on stewardship of investments, including engagement with investee firms and the exercise of voting rights.Separately, the Financial Reporting Council (FRC) has proposed holding institutional investors to higher standards in an updated stewardship code, saying it wanted to “create a market for stewardship driven by a demand from asset owners and beneficiaries for better quality information about how asset managers and service providers fulfil their responsibilities”.‘Utterly unacceptable’  Source: PLSAGuy Opperman addresses an industry conference in October 2018The pensions minister, Guy Opperman, backed the AMNT’s concern. “It’s utterly unacceptable that most pension fund managers don’t have published policies and practices to combat climate change, and public commitments to tackle excessive pay and promote gender and ethnic diversity are all too rare,” he said.“Being vague or secretive with the trustees and savers they represent is out of order. These obstructive fund managers need to take action now as effective and responsible shareholders.”Opperman brought up the issue of directed voting in pooled funds at a trade union conference earlier this year, saying he thought it “puzzling” trustees did not get to choose how to vote shares in the companies held.  A spokesperson for the FCA told IPE: “We have received and are considering AMNT’s letter. We plan to meet with the association to discuss their concerns in more detail.”A spokesperson for the Investment Association, the UK’s asset management trade body, said the industry aimed to cater to investors with a variety of needs, which meant having access to different types of products.“For some clients, that will mean a segregated mandate that includes directed voting, while others want the benefit of the economies of scale that come with pooled funds,” the spokeperson said. “Ultimately, what is important is that we create a marketplace that means that clients can tailor their approach to their overall investment approach.“A number of reforms to the stewardship market are underway and we are confident that these will foster better engagement between asset owners and asset managers about the important role that stewardship, voting and engagement plays in delivering on savers’ investment objectives.”The Investment Association has taken issue with the stewardship definition proposed by the FRC in its update to the code.AMNT’s findingsAMNT said it had been told that trustees were free to “take their business elsewhere” if they did not like the policies pursued by their fund managers. However, a review of fund manager policies by the association “indicates there is nowhere else to go”.center_img The UK’s financial services regulator should investigate the absence of a genuine market in asset manager shareholder voting policies, according to an influential group of pension scheme trustees.According to the Association of Member-Nominated Trustees (AMNT), a review of fund manager voting policies had demonstrated “opacity and lack of comparability”, which it said could prevent asset owners from selecting fund managers or holding them to account on voting issues.In a letter to Christopher Woolard, executive director of strategy and competition at the Financial Conduct Authority (FCA), the AMNT said that if this “market failure” were not corrected in time, fund managers would be preventing pension schemes from complying with regulations coming into force later this year.“On the basis of our research, AMNT wishes to make a complaint about the failure of the fund management industry to allow pension scheme trustees to operate a stewardship policy governing the environmental, social and governance [sic] of the companies in which they invest via fund managers, particularly in pooled funds,” the letter stated.last_img read more

Wolfgram becomes first-time Modified winner at Boone

first_imgBOONE, Iowa (July 23) – Al Wolfgram grabbed his first career win in the Xtreme Motor Sports IMCA Modified division Saturday at Boone Speedway.Veteran Robert Avery held the lead on lap one but by lap two, it was Wolfgram snatching it away.  He soon had Jimmy Gustin coming at him on the top side fast and furiously.After several laps of side-by-side racing, Gustin momentarily took the top spot, only to have Wolfgram retake the lead by the time the next lap was scored.The chase continued with Gustin giving it his all in the attempt to get around the leader.  Hitting a rut in corner one with just a couple of laps remaining, sent Gustin backwards and gave Wolfgram breathing room on his road to the checkers.Point leader Mike Van Genderen came from the 12th starting spot and worked his way to a se­cond-place finish. Chris Webb finished in third, fourth was Tony Cox, and Russ Dickerson came from 10th to round out the top five.Wayne Gifford won by a comfortable margin in the IMCA Sunoco Stock Car feature. Jake McBirnie topped the Karl Chevrolet Northern SportMod main event and Chad LeGere won again in the IMCA Sunoco Hobby Stocks.last_img read more

Tapestry looks Classic material

first_img It was a one-two for the Ballydoyle trainer, with Perhaps holding off Avenue Gabriel for second. O’Brien snr said: “I’m delighted with her. She came forward nicely from her debut. It was a nice, easily run pace and she’ll learn plenty from today, too. She could go for the Moyglare, but she could go a lot of ways. My two-year-old fillies are running nicely so far.” Heffernan picked up a four-day ban from the stewards for his use of the whip on Perhaps. The O’Briens were completing a juvenile double after Terrific put a disappointing debut behind her with victory in the Irish Stallion Farms EBF Fillies Maiden. The daughter of Galileo cost 1,300,000 guineas at Tattersalls last October, but trailed home 12th of 16 runners on her racecourse introduction at the Curragh in late June. Blinkered for the first time, she was still a leading fancy for her second assignment at 9-4 and was soon bowling along at the head of affairs. The youngster was challenged by Scalabrina before Johnny Murtagh arrived on the scene with 2-1 favourite Gorteo, but Terrific dug deep and was always doing enough in the last of the eight furlongs to hold on by half a length. O’Brien snr said: “She was very green on her debut, that’s why she wore blinkers today. She was unusually green, and she tried to stop in the middle of the race, she must have spooked at something. The blinkers helped her concentrate today. “She is well-bred and we’ve always liked her. She is smart filly and she could be anything.” Press Association Her Aidan O’Brien-trained stable companion Perhaps cut out much of the running under Seamie Heffernan, with Joseph O’Brien content to sit third aboard the 4-5 market leader. Avenue Gabriel went in pursuit of the leader first, but Tapestry always had the move covered and quickened up in fine style on the outside to claim the Group Two prize by a length and three-quarters. center_img Tapestry secured her second win from as many starts with a smart display in the Friarstown Stud Debutante Stakes at the Curragh to cement her status as a leading contender for next season’s 1000 Guineas.last_img read more

Januzaj wanted by England – Moyes

first_imgDavid Moyes has confirmed Manchester United’s teenage match-winner Adnan Januzaj is wanted by England. Craig Gardner had given the bottom-of-the-table Black Cats an unlikely lead after Phil Jones and Nemanja Vidic between them failed to deal adequately with Emanuele Giaccherini’s driven cross, and it was one they deservedly held until 10 minutes into the second half. United got themselves back into the game when Januzaj expertly drilled home Patrice Evra’s low cross, but his second finish was even better as he thumped a left-volley into the bottom corner after John O’Shea’s 61st-minute headed clearance dropped to him. Moyes said: “He’s a very, very good player. But we will do everything we possibly can to keep his feet on the ground. We played him in the reserves at Bolton last Monday. “That’s what we will do at the club. He’s a very humble boy, works hard, so we will do everything we possibly can to keep a level on it, but we know we have got a really exciting talent there. “All young boys want to play for Manchester United. I don’t know a better place for them to have the work, the coaching, a club that promotes young players – and I’d like to say a manager who promotes young players as well. “If I was a dad of a young boy who was good enough, I would be saying, ‘I think there’s a chance of you getting in the Manchester United team because they push you forward and they promote their young players’. “That’s part of my remit and I was more than happy to play Adnan.” Interim Sunderland head coach Kevin Ball was left to reflect upon a fourth successive home defeat for his team, who have now collected just one point from a possible 21 this season, but one which yielded more positives. Asked if he felt the players were playing for him, he said: “The players are fighting for themselves – they need to fight for themselves as well. “What I mean by that is they need to work hard for each other, and they know that. I will demand that from them and I would expect them to demand it from themselves. “If people feel that’s because of me, that’s fantastic. But it’s not about me, it’s about the players in this club and it’s important they do work very, very hard to give themselves the best chance of getting the results.” The Belgium-born 18-year-old marked his full debut for the club with a decisive double as United came from behind to beat Sunderland 2-1 at the Stadium of Light. His performance prompted former England international Gary Lineker, who was watching the game at the BBC studios with England manager Roy Hodgson, to tweet that he could qualify for England in 2015. Asked if the FA had been in touch with the club over Januzaj, Moyes replied: “Yes, they have.” Januzaj, who is of Kosovan descent, is eligible to play for several different countries already, Belgium, Albania and Turkey among them. However, Moyes believes he could qualify for England in the near future because of residency rules. He said with a smile: “And maybe Scotland as well. I think there is some way that he could qualify for England, yes. “I think he’s got a choice of countries to play for. He’s got probably three or four different countries he could choose to play for. “Obviously, he has been called up by Belgium several times and chosen not to at the moment, and he’s wanted by, I think, Albania, Croatia and a few others as well. “He can play for several countries – and England as well. I don’t know how that is. I think it’s something to do with his residency. That’s something to do with it.” Just why Hodgson might be so keen to acquire Januzaj’s services was apparent on Wearside as he dragged United back into a game in which they trailed after just five minutes and then fired them to victory inside a whirlwind six-minute spell in the second half. Press Associationlast_img read more

Australia sublime against South Africa

first_img(Reuters)- Australia ripped through South Africa’s top order in the first hour, dismissed the tourists for 242 by tea and reached 105 without loss at close on the back of some Dave Warner fireworks on the opening day of the first test on Thursday.Quinton de Kock and Temba Bavuma scored battling half-centuries for South Africa after they were reduced to 32-4 but there was no doubt the standout performers on the first day of the Australian cricketing summer were wearing baggy green caps.Left-arm quick Mitchell Starc, playing with an open wound on his leg after a nasty training accident that disrupted his preparations, struck in the first over and ended up with figures of 4-71.Fellow pace spearhead Josh Hazlewood pitched in with 3-70 and the Marsh brothers, Mitchell and Shaun, both took spectacular catches on their home ground.Warner, who provided some of the few highlights of Australia’s recent one-day international series humiliation at the hands of the South Africans, then took the fight to the tourists with the bat.After a reprieve when he was lbw off a Vernon Philander no-ball, the pugnacious opener smashed the South African bowlers around the WACA, the ground where he announced his arrival as a test batsman with a brilliant 180 against India in 2012.The 30-year-old lefthander brought up his 21st test half-century when he slashed the ball through extra cover for his 10th four off the 39th delivery he had faced and will resume on 73 alongside Shaun Marsh, unbeaten on 29.South Africa had arrived for the three-test series full of confidence after their limited-overs triumph and having emerged victorious on their last two visits to Australia with both trips featuring big wins at the WACA.After winning the toss and choosing to bat, they were soon reeling as Starc, Hazlewood and later Peter Siddle illustrated the WACA pitch was going to offer the traditional pace and bounce noticeably absent last year when West Indies visited.Opener Stephen Cook and Hashim Amla both departed without a run on the board, while Dean Elgar eked out 12 runs and JP Duminy 11 before they were sent packing.Faf du Plessis scored 37 in a partnership of 49 with Bavuma, who then put together another of 71 with De Kock after his captain had been dismissed in the second over after lunch.The diminutive Bavuma hit seven fours before he was dismissed by spinner Nathan Lyon for 51,two deliveries after reaching his third test half-century, a diving Shaun Marsh diving low to scoop up the bat-pad catch.De Kock continued his impressive one-man rearguard action and hit 11 fours and one huge six in his 84 but once he departed with a mistimed slap to Shaun Marsh at midwicket off Hazlewood, the end of the South Africa innings was in sight.ScorecardSouth Africa 1st inningsS. Cook c M. Marsh b Starc 0D. Elgar c Nevill b Hazlewood 12H. Amla c Smith b Hazlewood 0J. Duminy c Nevill b Siddle 11F. du Plessis c Voges b Starc 37T. Bavuma c S. Marsh b Lyon 51Q. de Kock c S. Marsh b Hazlewood 84V. Philander b Starc 10K. Maharaj c Warner b Lyon 16K. Rabada not out 11D. Steyn b Starc 4Extras (b-4 w-2) 6Total (all out, 63.4 overs) 242BowlingM. Starc 18.4 – 2 – 71 – 4(w-2)J. Hazlewood 17 – 2 – 70 – 3P. Siddle 12 – 3 – 36 – 1M. Marsh 6 – 1 – 23 – 0N. Lyon 10 – 1 – 38 – 2Australia 1st inningsD. Warner not out 73S. Marsh not out 29Extras (nb-3) 3Total (for no loss, 21 overs) 105BowlingD. Steyn 6 – 2 – 34 – 0V. Philander 7 – 1 – 26 – 0(nb-2)K. Rabada 6 – 0 – 29 – 0(nb-1)K. Maharaj 2 – 0 – 16 – 0last_img read more

Rain forces abandonment of all four Under-19 warm-up matches

first_imgLINCOLN, New Zealand, (CMC) – Rain dealt a blow to West Indies Under-19s’ preparations for their opening match of the ICC Youth World Cup when it washed out their final official warm-up against Zimbabwe here Wednesday.Persistent rain in the Christchurch region put paid to all four warm-up matches, leaving several sides without valuable final match practice for the January 13 to February 3 campaign.West Indies Under-19s, the reigning champions, won their opening warm-up match on Monday when they beat Papua New Guinea by seven wickets at Lincoln Green.They are set to do battle in Group A along with South Africa, Kenya and hosts New Zealand, and open the tournament with a clash against the Kiwis on Saturday in Mount Maunganui.Afghanistan, Pakistan and New Zealand all scored wins in their opening warm-up fixtures on Monday.The final set of preparation games are scheduled for today with former champions Australia taking on South Africa, Canada clashing with Ireland, India up against Kenya and England facing Sri Lanka.last_img read more

Greenfield sets April deadline for completion of pitch at ‘Football Stadium’

first_img– GFF ‘ok’ with shift in timelineAS a result of the recent inclement weather, Greenfields, the company responsible for the laying of the turf at the Guyana Football Federation (GFF) ‘Training and Development Centre’ and the country’s first ‘football stadium’, has shifted the deadline from the end of January to April.The GFF’s president, Wayne Forde, second Vice President Rawlston Adams, first Vice President Bruce Lovell and Technical Director Ian Greenwood updated the media on the progress of the work done on the 8.5 acres land which was leased from the Eccles/Ramsburg Neighbourhood Democratic Council.Nabi and Sons was sub-contracted to work along Greenfields and upon visit, contractors were busy ‘back filling’ the area where the pitch will be laid.Adams who also happens to be the project’s manager, told reporters that the GFF does not see the shift in completion as a ‘delay’, but rather one that was necessary and understandable, given the increased rainfall experienced.Backfilling exercise at the GFF’s providence facility (Adrian Narine photos)Forde said that it is the hope of the GFF to have the facility functional, since it will be equipped with lighting in accordance with CONCACAF and to accommodate between 3000 to 5000 spectator until it’s fully completed.“The lighting system that will go in will be specific and we have selected the lighting level and it being specked in accordance with the CONCACAF system. We have selected tier two lighting which would allow us hold high level CONCACAF tournaments at this venue once it’s completed,” Forde explained.While there will be other modifications to the facility such as the addition of a technical department that will also see the instalment of various training apparatuses that will allow for the development of talent; according to Forde this will in turn deviate from the original plan to have various types of pitches at the facility.Forde said that in keeping the plans to turn the facility into training and development centre, the proposed modifications could see beach football and/or futsal having one of their several pitches removed.Under the FIFA Forward Programme, National Federations are entitled to US$750 000 annually, but, in the case of Guyana, given the fact that it is the country’s first, Forde said that FIFA wanted to ensure that as much resources as possible are available, and as such, it was not possible for him to state the estimated cost of the entire project.The GFF president also noted that the Federation and FIFA will next look to build a similar structure in Linden, and then Rupununi, after which the other parts of Guyana will ‘fall in line’.last_img read more