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first_imgGermany’s pension fund association, the aba, has called for national or European bodies to support the industry’s investment in infrastructure by assessing the risk associated with individual projects.Responding to a report by the European Parliament’s committee on economic and monetary affairs (ECON) report examining the long-term financing of the Continent’s economy, the association said that bodies such as the European Investment Bank (EIB) could potentially support Germany’s occupational pensions (bAV) sector, as they so far had little experience of infrastructure investment and were unlikely to become experts in the “niche area” in the near term.The position paper said: “The new assets in the field of long-term investment require more credit analysis and greater credit-analysis skills than existing assets, such as low-risk securities.”Echoing PensionEurope’s own position paper on European Long-Term Investment Funds (ELTIF), the aba also said it would be helpful if the EIB stepped in and guaranteed certain projects. The call comes shortly after asset manager Mirova suggested that fund managers behind ELTIFs should be bound by a ‘comply or explain’ approach on their socially responsible investment strategy.The aba further called on the Parliament to accept that, if the European Commission were to introduce capital requirements for pension funds – as long proposed through the revised IORP Directive – it should also call for an investigation into the impact of the regulation on long-term investing, similar to the one underway to investigate the impact of Solvency II on insurers.The association also reiterated its dislike of the financial transaction tax, saying it “should be avoided for the bAV sector in general – and not only in regard to long-term investments”.“Reductions in the pensions payable in Germany of an estimated 3-8% as a result of the introduction of the proposed financial transaction tax are not acceptable,” it said.,WebsitesWe are not responsible for the content of external sitesLink to the aba’s position paper on long-term financing of the European economylast_img read more

first_imgLiquefied natural gas (LNG) use by Japan’s power companies rose by 7.7 percent in August when compared to the same month a year ago, the preliminary data from the Ministry of Economy, Trade and Industry shows.The power companies consumed 4.96 million mt of LNG in August as compared to 4.60 million mt in the same month last year.Total generation by the power companies reached 84.4 billion kWh in August, up 2.2 kWh year-on-year.Power generated by LNG stood at 36.99 billion kWh in the month under review as compared to 33.7 billion kWh in August 2017. LNG World News Stafflast_img read more

first_imgMADRID (AP):Barcelona sent a strong message to AtlÈtico Madrid and Real Madrid yesterday, demolishing Deportivo La CoruÒa 8-0 to end a four-game winless streak and keep their lead in the Spanish League.Luis Su·rez scored four goals and set up three others to help Barcelona stop their free fall and show their determination to win the league for a second year in a row despite recent struggles.Lionel Messi, Neymar, Mark Bartra, and Ivan Rakitic also scored for the Catalan club at the Riazor Stadium in La CoruÒa.The much-needed win gave Barcelona 79 points to keep them ahead of AtlÈtico Madrid, who defeated Athletic Bilbao 1-0 with a 38th-minute goal by striker Fernando Torres for their eighth win in nine league games. AtlÈtico also reached 79 points, but they trail Barcelona on tiebreakers.Real Madrid stayed one point behind Barcelona and AtlÈtico with four rounds to go after a 3-0 win over Villarreal. Karim Benzema opened the scoring at the Santiago Bernabeu Stadium in the 41st; Lucas Vazquez added a second in the 69th; and Luka Modric rounded off in the 76th.”The team was phenomenal from the first minute until the last,” said Real Madrid coach Zinedine Zidane, whose team has won eight league games in a row.Cristiano Ronaldo left the match just before the final whistle with an apparent right-leg muscle injury. The club said he would undergo tests as a precaution today, but it did not appear to be a serious problem.last_img read more

first_imgThree men who robbed a businessman of $5 million, along with a quantity of ammunition, appeared before the Georgetown Magistrates’ Courts on Monday and were all remanded to prison for the robbery.The men: Alvin Solomon, 34, of Timehri, East Bank Demerara (EBD); Asif Khan, 54, of Lot 149 Bel West, West Bank Demerara (WBD) and Winston Raymond, 27, of Land of Canaan, EBD all denied the charge read to them by city Magistrate Judy Latchman.The charge stated that the trio robbed Inshan Alli Bacchus of $5 million, along with 49 rounds of ammunition, one computer bag and a cellphone – a total value of $5.3 million on February 26, 2018 at Alexander Street, Georgetown.Solomon was slapped with a second charge which stated that he had in his possession ammunition while not being licensed for same.The defendants were represented by Attorneys-at-Law Dexter Todd, Tiffany Jeffrey, and Adrian Thompson.The lawyers made bail applications on the grounds that their clients were never placed in an identification parade.According to Todd, Solomon, who is a taxi driver, was stopped by Police ranks who arrested him and took him into custody. His vehicle was driven to the Police Station by a Policeman and was searched without him being present.However, Police Prosecutor Arvin Moore told the Court that some $600,000 along with the stolen ammunition was discovered in Solomon’s car.The items were reportedly stolen from Bacchus when the trio broke into his vehicle, which was parked on Alexander Street.The defendants will return to court on March 19, 2018.last_img read more

After a back-and-forth battle Friday between the Badgers and the Buckeyes, freshman forward Hokey Langan’s game-winning goal Friday wasn’t enough momentum for an Ohio State win Saturday. The OSU women’s ice hockey team split a pair of weekend games against defending National Champion Wisconsin.With a feed from sophomore Natalie Spooner, junior Christina Mancuso put the first point on the scoreboard with a shot from the left side, only 4:27 into the first period.The Badgers answered back with two power-play goals at 13:28 and 4:35 on the clock to lead 2-1 at the end of the first period.Just about six minutes into the second period, Spooner scored from the right post on a Buckeye power play to tie it up 2-2.Wisconsin’s Jasmine Giles took advantage of a loose puck in the Buckeye defensive zone and backhanded it for the lead at 11:13 in the second period. But just 43 seconds later, senior co-captain Raelyn LaRocque scored her first of the night to even the score to 3-3.Another goal by Wisconsin just before the second intermission gave the Badgers a 4-3 lead going into the third period, but the Buckeyes came back with two unanswered goals for the win. Sophomore Laura McIntosh grabbed her own rebound, netting a top-shelf goal, while freshman forward Hokey Langan’s wrist shot scored the game-winner with only nine seconds left in the game. Friday’s win is the fifth OSU victory over Wisconsin in the all-time series.With Buckeye spirits high Saturday, the Badgers played for redemption.Freshman goaltender Chelsea Knapp stopped 31 shots on goal in the first and second period combined, and 42 on the night.Wisconsin took the lead in the first with just about three minutes left on the clock, but Spooner netted a top-shelf goal 12 seconds later, tying the game 1-1.An even-matched second period left both teams scoreless heading into the third period, but Wisconsin took the lead scoring two with under 10 minutes left in the game.With chants from young Buckeye fans in the crowd, the OSU team rallied together after a timeout call, pulling Knapp from the goal for the extra skater. With just 1:01 left in the game, sophomore forward Kim Theut charged the net and scored from a line change to bring the Buckeyes within one. But the Badger defense held off eager Buckeyes while time ran out. Wisconsin won 3-2 for a weekend split.While disappointed about the loss, coach Jackie Barto said her team really hung in for a full 60 minutes Saturday against a Wisconsin team that never backed down.“Tonight Wisconsin won a few more battles, a few more foot races,” Barto said. “[Knapp] was solid and kept us in the game.”Barto said the team will get back to work and prepare for another tough weekend against North Dakota Feb. 5-6.Despite the heartbreaking loss, LaRocque remained upbeat about the progress of the team looking forward to their series against North Dakota.“We just got to look at the positives this weekend. We played well against them, we were able to come back, [and] we know we can come back,” she said. “We just got to take the positives out of it [and] we’ve got to run with it.” read more

first_imgRoma sporting director Ramon Monchi has pleaded with the club fans to exercise patience as they work on rediscovering their form.The Spaniard has been under scrutiny for his poor transfer business over the summer, with the exit of Alisson, Kevin Strootman and Radja Nainggolan all slowing down the club’s progress.However, Nainggolan’s sale did bring Zaniolo in exchange, and the youngster has been one of the bright lights so far.“I think the fans will eventually begin to understand what my idea is,” Monchi assured in an interview with Football Italia, which will be broadcast in full on New Year’s Day.Chris Smalling open to a permanent AS Roma deal Andrew Smyth – September 6, 2019 Chris Smalling can “definitely see a longer-term future” for himself at AS Roma should things work out on his loan spell from Manchester United.“I know that there’s no time in football, but I know the way we work and I hope we’ll be right.“As for Zaniolo, when we were negotiating we had two requests: him and [Andrei] Radu. Radu had already gone to Genoa though.“Inter didn’t want to sell Zaniolo, they’re not stupid, but given that they wanted to take Radja it was only logical they’d have to give something up.“The deal wouldn’t have collapsed without Zaniolo, it wasn’t an either/or situation. I have to say, I didn’t think Zaniolo would be so decisive right away.”last_img read more

first_img July 20, 2018 , Suspect shot in Del Mar after pursuit ends in crash Updated: 10:13 AM Categories: Local San Diego News FacebookTwitter Posted: July 20, 2018 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – A suspected drunk driver was shot by sheriff’s deputies after leading them on a pursuit across North County freeways Friday night, the San Diego County Sheriff’s Department said Saturday.The driver, whose name was not released, was shot in the upper torso and taken to a local hospital, where he remained in stable condition, according to Lt. Anthony Dupree of the San Diego Police Department, which is investigating the incident.A deputy had tried to pull the man over in Vista near the intersection of Poinsettia Avenue and Linda Vista Drive just before 8:45 p.m. Friday when he took off, Dupree said.The driver headed north on surface streets and entered westbound state Route 78 at Sycamore Avenue, then continued onto southbound Interstate 5, at times reaching speeds in excess of 100 mph.During the pursuit, the driver called 911 and told the dispatcher he had a loaded handgun, a female passenger was in the car with him, and he wanted to commit “suicide by cop,” Dupree said.The driver exited I-5 at Leucadia Boulevard and let his passenger out of the car before continuing to flee from officers back onto the freeway. He exited again at Carmel Valley Road and drove west, then veered south onto the Torrey Preserve marsh, driving for about 200 yards before coming to a stop. The area is within San Diego city limits.The driver got out of the car and began advancing toward deputies, who gave him “verbal commands,” Dupree said.“The suspect kept his right hand behind his back and at one point quickly pointed something at the deputies while taking a shooting stance,” leading deputies to fire at the man, Dupree said.The suspect was struck in the upper torso and was taken into custody. Deputies gave the man first aid until paramedics were able to take him to a hospital, Dupree said.The deputies involved in the shooting are a 5-year veteran and a 2- year veteran of the San Diego Sheriff’s Department, Dupree said. last_img read more