Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email 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.
Arsenal are struggling to match Crystal Palace’s valuation of Wilfried Zaha (Picture: Getty)Arsenal risk missing out on signing Wilfried Zaha with the Crystal Palace star warming to the idea of a move to Everton.The Eagles dismissed Arsenal’s opening £40million offer earlier this month and value the 26-year-old at double that price.Palace are under little pressure to sell having recently banked £50m from the sale of Aaron Wan-Bissaka to Manchester United and manager Roy Hodgson expects Zaha to return to pre-season training imminently, despite claims he has already handed in a transfer request.‘He has not spoken to me,’ he said after Friday’s 1-0 defeat at Nottingham Forest. ‘I don’t know if he’s spoken to the club [asking to leave].AdvertisementAdvertisementADVERTISEMENTMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘As far as I’m concerned, he is coming back, he is our player and I’ve been given no information that the club is interested in selling him at the moment.‘I’m just expecting him back, looking forward to working with him and seeing some of the things he can do for us.‘I think he has got another 10 days or another week of holiday. I think he is back after we play Bristol City and before we play Hertha Berlin – that gives him his three weeks off. If he wants to come back earlier we will be very happy to see him.’Arsenal are struggling to raise the money that would tempt Palace into selling and appear to have been banking on Zaha’s ambition to play for the club he supported as a youngster.Everton, however, are emerging as serious candidates to sign the Manchester United star and, according to the Evening Standard, Zaha has indicated he would not be averse to a move to Goodison Park.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Advertisement Metro Sport ReporterThursday 25 Jul 2019 10:42 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link619Shares Advertisement Comment Wilfried Zaha keen on Everton transfer as dream Arsenal move begins to fade
Investors should divest fossil fuel-intensive assets to mitigate or eliminate risks related to carbon, Generation Investment Management has suggested.Al Gore, chairman at Generation IM and former US vice-president, said: “We recognise that can be complex and difficult for some asset owners, and we recommend that, for such owners, they can consider phasing in a transition over a period of time and focusing first of all on the most carbon-intensive forms of energy like tar sands and coal.”This is one of the four actions the firm recommends investors implement, arguing that carbon-related risks significantly threaten valuations in fossil fuel-based industries, and that ”stranded” carbon assets are therefore a risk to investors. The four steps are to: Identify the extent to which carbon risks are embedded in current and future investments across all asset classesEngage corporate boards and executives on plans to mitigate and disclose carbon risksDiversify investments into opportunities positioned to succeed in a low-carbon economyDivest fossil fuel-intensive assets to mitigate or eliminate risks related to carbonThe paper entitled ‘Stranded Carbon Assets – Why and How Carbon Risks Should Be Incorporated in Investment Analysis’ says that, as the case for curbing carbon emissions continues to gain support on economic and scientific grounds, the commercial viability of carbon-intensive assets – particularly fossil fuels – will be increasingly threatened, creating stranded carbon assets.The paper says regulation, market forces such as lower renewable prices and socio-political pressures such as divestment campaigns could drive stranding.Gore added: “Investors have an independent responsibility, and, as they assess the risk involved in carbon-intensive investments, they should look at what they believe is likely in the way of government action. [The removal of government subsidies] is yet another risk. Today, the estimates are that there is about $500bn (€363.5bn) annual subsidy by governments around the world […]. But there are increasing pressures in many countries, including in the US, for the removal of those subsidies. But, regardless of what governments do or don’t do, investors have an independent responsibility to be prudent in analysing the risk in their portfolios, and the risk of a sub-prime carbon asset bubble is very, very high, and it is being missed by many investors today who should recognise a responsibility to take the steps we recommend in this paper.”The paper states: “Maintaining the status quo, whereby investors fail to properly account for the risks inherent in owning carbon-intensive assets, will cause the ‘carbon asset bubble’ to grow until the artificially high valuations for these assets can no longer be sustained. The presence of a bubble is often not recognised by the market due to classic behavioural finance decision-making biases, such as endowment bias and system justification theory.””However,” it adds, ”the carbon asset bubble presents not only risks but also opportunities. In particular, investors have the chance to strategically reallocate their capital in advance of these risks materialising sooner than anticipated and irreversibly impairing the value of carbon assets.”Stranded carbon assets are defined as assets, which would likely absorb the majority of losses associated with carbon risks given the intensity of their CO2 emissions.This term includes fossil fuels, as well as those assets which, given their dependence on fossil fuels and subsequent carbon-emissions intensity, would be stranded in the event fossil fuel valuations plummeted.Given this definition, the paper’s focus is on the impact carbon stranding would have on those industries primarily driven by fossil fuels, such as non-renewable energy, mining, utilities, industrials, materials and transportation.But it admits that, within this group, there are differing levels of vulnerability to stranding.
Additionally, the fund switched from periodic to generation tables to calculate longevity risk.The Credit Suisse Pensionskasse also announced plans to introduce individual investment choices for pension fund members with contributions above a certain threshold.Under these so-called 1e-plans, named after the relevant paragraph in the BVV2 investment regulations, pension funds can introduce up to three different risk profiles for people with higher income.However, Martin Wagner, managing director at the Credit Suisse Pensionskasse, said at a recent conference in Zurich that it was a “shame we are only allowed to offer three different choices”.He added: “People want to individualise themselves and their financial matters”.Also speaking at the conference, organised by supervisor BVS, Willi Thurnherr, chief executive at Aon Hewitt in Switzerland, said 1e legislation was still under review and in need of a number of amendments. The government, he said, has yet to define the “risk-free investments” to be used in at least one of the choices.Thurnherr said these individual choices for members could “help ease the burden on companies’ balance sheets”, but he warned they might also be “the beginning of the end of guarantees for members”.He said this was “certainly not where we want to get to” in Switzerland. The CHF14bn (€11.4bn) pension fund for Swiss bank Credit Suisse has reported a return of more than 1.6% for 2015, well above the market average of just under 1%.As per December 2015, the Credit Suisse Pensionskasse’s funding level stood at 110%.To ensure the sustainability of its funding, the scheme adjusted its technical parameters from 2016, as many other funds have done over the past year.The discount rate, or technischer Zins, applied to active members’ liabilities was reduced from 3% to 2%.
The ADF, originally a UgandanIslamist-inspired rebel group, has been operating along the Congo/Uganda borderfor over two decades. Congolese forces said on Saturday they killed 25 Islamist rebels while seven soldiers from the Democratic Republic of Congo were also killed since the campaign to root out the Allied Democratic Forces militia began late last month. REUTERS It is one of a number of armedfactions active in east Congo long after the official end of a 1998-2003 war. Several of ADF’s attacks have beenclaimed by Islamic State, but the extent of their relationship remains unclear.(Reuters) GOMA – Congolese forces said theykilled 25 Islamist rebels since launching an offensive against them late lastmonth. Jacques Nduru, general in charge ofthe operation, said on Saturday seven soldiers from the Democratic Republic ofCongo were also killed since the campaign to root out the Allied DemocraticForces (ADF) militia began on Oct. 30.
Doha: India’s Asian Games gold medallist duo of shot putter Tejinder Pal Singh Toor and 1500m runner Jinson Johnson crashed out of the World Athletics Championships in the qualification round in Doha on Thursday. The 24-year-old Toor produced season’s best effort of 20.43m to finish eighth in the qualification round Group B and 18th overall out of 34 competitors while Jinson ran a below par 3 minutes 39.86 seconds to end 10th in his first round heats and 34th overall out of 43 runners. Toor was the first to take the field but with eight shot putters from Group A having already touched the automatic final round qualifying mark of 20.90m, it was a difficult task for Toor, who has a personal best — also national record — of 20.75m, to make the cut. He opened with a 20.43m, bettering his earlier season’s best of 20.36m, but fouled his next attempt.Pressure mounted on him as three competitors from Group B touched the automatic qualifying mark in their first attempt while another shot putter did the same in the second round. That meant Toor will have to touch 20.90m and rewrite his own national record in his third and final attempt if he has to qualify for the finals. Also Read | Avinash Sable Enters 3000m Steeplechase Final After Dramatic Appeal In World Athletics ChampionshipBut it was too tough a task for Toor as he could only come up with a 19.55m effort to crash out of the championships. Those who touched 20.90m or at least 12 best performers were to make it to the final and eventually 12 shot putters from Group A and Group B combined were able to cross the automatic qualifying mark for the finals. Reigning world champion and 2016 Rio Olympics bronze medallist Tomas Walsh of New Zealand led the finalists with a throw of 21.92m. Also Read | India’s 4X400 Relay Team Enters Final To Seal Olympic Berth, Dutee Chand Crashes Out Of World Athletics ChampionshipToor had won a gold in the 2018 Asian Games in Jakarta with his national record setting effort of 20.75m. He also won a gold in the Asian Championships at the same venue in April with a throw of 20.22m. It was more disappointment for India as the 28-year-old Jinson, who broke his own national record just last month with a time of 3:35.24, failed to preserve enough energy for the home stretch as he was overtaken by one competitor after another to run more than four seconds outside his best timing. He was among the leading five till the final bell but he fell behind towards the end. The top six from each of the three heats and the next six fastest advanced to the semifinals. For all the Latest Sports News News, Other Sports News, Download News Nation Android and iOS Mobile Apps.
Atletico will be desperate to banish the memories of gut-wrenching Champions League final defeats in 2014 and 2016 to their city rivals.They have lost Jose Maria Gimenez to a groin injury meaning three key defenders miss the short trip across town.While Simeone’s side have forged their reputation on a measly defence, they are in fine attacking form â€“ a Kevin Gameiro double sealed a 5-0 rout over Las Palmas at the weekend.But Zinedine Zidane’s Real, hoping to become the first side to retain the Champions League, are formidable opponents at their stadium, where they earned a last-gasp winner Saturday to remain on track in a tight fight with Barcelona for La Liga.“With the fans behind us we are hard to beat here,” match winner Marcelo said after a nervy 2-1 victory over Valencia.Ronaldo opened the scoring against Valencia but also saw a penalty saved.In their last Champions League outing the prolific Ronaldo bagged a hat-trick in the quarterfinal defeat of Bayern Munich, taking his tournament tally above 100 goals and another record.The Portuguese is likely to line up with James Rodriguez after the Colombian played in place of the injured Gareth Bale at the weekend.“He played very well and did the job asked of him, as they all did. I’m very happy with his performance and with the performance of the team as a whole,” Zidane said of the back-in-favour Rodriguez.Monaco are the surprise package in the semis and coach Leonardo Jardim has moulded a thrilling team around the resurgent Radamel Falcao and the break-out teenager Mbappe, whose goals saw off Man City and Dortmund in the last two rounds.Mbappe, 18, who has been compared to Thierry Henry at the same age, delivered another crucial goal at the weekend as Monaco close on their first French title since 2000.It was his 14th league goal of the season.Monaco’s clash with Juventus will be a study in contrasts: the tyros against the Italian champions whose defence is backed by the inspirational Italy captain Gigi Buffon, 39, in goal.Influential midfielder Tiemoue Bakayoko broke his nose in training on Friday, but looks to be the only key player in doubt for Monaco.Beaten 2015 finalists Juve were held to a 2-2 Serie A draw at Atalanta this weekend after conceding a last-gasp goal.“We’ll learn from our mistakes and be mindful for Wednesday’s match,” said coach Massimiliano Allegri, who will be looking to Argentine striker Gonzalo Higuain to fire them into the June 3 Champions League final in Cardiff.TUESDAYReal v AtleticoWEDNESDAYMonaco v JuventusShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Europe’s hottest strikers from record-breaker Cristiano Ronaldo to potential heir Kylian Mbappe take centre stage this week in two tasty Champions League semifinal first legs.Ronaldo and Real host Atletico Madrid today while Mbappe’s attacking Monaco welcomes Juventus the next evening as Europe’s biggest club competition approaches its climax.Revenge will be on the menu at the Santiago Bernabeu for Atletico and their feisty Argentine coach Diego Simeone, while in Antoine Griezmann they have one of the deadliest marksmen around.
YANA PASKOVA/Herald photoComing into the 2005 season, it was expected that sophomore guards Jolene Anderson and Janese Banks would provide the Badgers with the one-two scoring punch they provided in their freshman campaigns.However, it was essentially unknown what could be expected from fellow sophomores Akiya Alexander, Danielle Ward and Shari’ Welton.As the Badgers opened the regular season this weekend with wins over Houston and Cleveland State, the entire sophomore class turned some heads, with Alexander, Ward and Welton stepping up with big games off the bench, and they, too, now have high expectations like Anderson and Banks.Each of them undoubtedly made their mark this weekend — Ward with a devastating block against Houston that landed in the second row; Welton with her high-flying put-back rebound late against Cleveland State; and Alexander with the energy she brought off the bench and steady contributions on both sides of the court.While Ward, Welton and Alexander all posted career highs in points Sunday with 14, six and nine, respectively, head coach Lisa Stone still believes it all comes back to team leaders Anderson and Banks.”[Anderson and Banks] are our super-sophomores, but we have three other sophomores along with them,” Stone said. “I think Akiya and Shari’ did a nice job, along with Danielle, but Jo and Janese have had their expectations risen and they’ve handled expectations.”Both have tuned up their defense. Offensively, they obviously look for each other often. Both can score, both can get to the basket, both can rebound. We … expect a lot out of Janese and Jolene, and what’s happening is their work ethic in practice then will propel the rest of the team hopefully to continue a lot more people contributing along with them.”For Houston head coach Joe Curl, who beat this same Wisconsin team a year ago 86-61, the biggest difference in this year’s sophomores is their confidence, which he attributes to a year of Big Ten play as freshmen.”They have a swagger,” Curl said. “They have a confidence about them in a year of seasoning, and if you don’t get better getting beat up in the Big Ten, you’re not going to get better.”Cleveland State head coach Kate Peterson, a former UW assistant (chief recruiting coordinator) from 1998-2003, also noticed the vast improvements this sophomore class has made in just one year.”Wisconsin is making terrific strides in the right direction,” Peterson said. “Their talent is very young and I think probably still experiencing getting to know what they’re capable of.”Danielle Ward has become a new player out there. She’s always had the potential, but they’re doing a great job of getting that out of her. She was just very raw, and now she’s starting to really be a basketball player and make great plays.”Ward arguably may be the one sophomore on the team who has improved her individual game the most since her freshman year. With a double-double Sunday, she knows a lot is expected of her now, but sees it as more of a confidence-builder as she continues to develop her game.”I know there’s a lot expected of me,” Ward said. “I knew that I needed to keep playing the way I’ve been playing the past couple of games and that I needed to make a post presence so, once again, it was just a confidence-builder for me. You kind of feel the pressure, and I guess just stepping up when you’re needed to, then everything will fall into place.”Though the sophomore class is putting head coach Lisa Stone’s mark on the program in only her third year, Janese Banks isn’t impressed one bit — she expected it all along.”I’m not impressed because I’ve seen it before,” Banks said. “I’m just happy. I’m excited just to know what we’ve got for the rest of the year. They played awesome, and I know they can play like that, and that’s we expect from them.”
*Kenya vs Uganda*Sunday 8th September 2019 *Venue – Kasarani Stadium*4PM Nairobi, Kenya | THE INDEPENDENT | Kenya’s Harambee Stars will battle Uganda Cranes in an international friendly at the Moi International Stadium, Kasarani on Sunday.The two teams are using the FIFA International weekend to prepare their players ahead of 2020 Africa Nations Championship (CHAN) and 2021 Africa Cup of Nations (Afcon) qualifiers.In the absence of South African based goalkeeper Dennis Onyango, striker Emmanuel Okwi will captain the team. Abudallah Mubiru, Uganda’s interim coach told URN that playing Kenya will give his players a good build-up. Share on: WhatsApp “These International matches are very important for players to get playing time,” he added. Some of the foreign based players who will feature in the match include; Okwi, Timothy Awany, Khalid Aucho, Allan Kyambadde, Tadeo Lwanga and Kizito Luwagga among others.Kenya will miss the services of England based skipper Victor Wanyama, but Michael Olunga who plies his trade in Japan will captain the Harambee Stars.The Uganda Cranes will face Burundi later this month in the first leg of the 2020 CHAN qualifier in Bujumbura before the return leg in Kampala next month.*****URN
A Florida Department of Corrections education supervisor is facing a rape charge.Corrections Department Secretary Mark Inch said in a statement on Friday that the charges against Rev. Antonio Carlisle “are deeply disturbing and abhorrent.”An inmate is accusing Carlisle of raping him in prison.According to the FDC’s Office of the Inspector General, sexual assault forensic exam including Carlisle’s DNA was part of the investigation.Inch adds that Carlisle, of the Greater True Vine Missionary Baptist Church in Lake City, has been dismissed from his job at the department.The inmate alleges that Carlisle was pretending to help him, but then overpowered and raped him on August 6 at the Florida State Prison in Bradford County.Investigators collected Carlisle’s DNA on January 29. Soon afterward, the Florida Department of Law Enforcement reported it was a match and issued a warrant for Carlisle’s arrest last Wednesday.He was arrested on Thursday in Duval County and is being held on a $1.5 million bond. Carlisle faces charges of sexual battery and sexual misconduct in Bradford County.