Hungary bars travel from Africa, most of Asia over virus

first_imgHungary’s government said Sunday it was barring travel from Africa, most of Asia apart from China and Japan, and restricting entry from several European countries after worldwide spikes in coronavirus cases.Prime Minister Viktor Orban’s Chief of Staff Gergely Gulyas said that Hungarian health officials have placed 154 countries into three risk categories based on numbers of coronavirus infections.”We need to protect our security so that the virus is not introduced from abroad… the level of active infection cases at home is falling, and we want to keep it like that,” he told reporters in Budapest. Entry into Hungary would be barred for citizens from countries assessed as “red” from Tuesday midnight, including all African and Asian countries apart from China and Japan.European countries in the red zone are Albania, Bosnia-Herzegovina, North Macedonia, Kosovo, Belarus, Montenegro, as well as Hungary’s neighbor Ukraine.Hungarian citizens returning from “red” countries must pass a virus test and undergo a mandatory 14-day quarantine, said Gulyas.Citizens from countries in a “yellow” category — including the US, UK, Norway, Serbia, Russia, China, and Japan — will have to enter two-week quarantine unless they have tested negative for the virus within five days. Four of Hungary’s fellow EU members — Bulgaria, Portugal, Sweden, and neighboring Romania — will also face the same restrictions. Countries in the “green” category can continue to enter without restrictions. Hungary’s population of almost 10 million has been lightly affected by the pandemic in comparison with other parts of Europe, reporting just over 4,200 coronavirus infections and around 595 deaths so far.Earlier this month, Orban said Hungary would not follow an EU recommendation to lift coronavirus travel restrictions for more countries outside the bloc, citing a risk to health.The EU’s border relaxation, announced June 30 and left to member states to implement, was a bid to help rescue the continent’s battered tourism sector, which had been choked by a ban on non-essential travel in place since mid-March.The number of infections and deaths has risen relentlessly in many of the world’s biggest nations, with the United States crossing three million confirmed cases.In Europe, where many nations had successfully suppressed their outbreaks, spikes have occurred in recent weeks.Topics :last_img read more

FRR to invest €2bn in illiquids after government extends horizon

first_imgFollowing the 2010 pension reform during the presidency of Nicolas Sarkozy, drawdowns to close the deficit in the social security systems were brought forward to 2011 from its initial target of 2020.The fund, after making 14 annual payments of €2.1bn by 2024, was expected to be closed.As a result of the reform, the fund switched to a largely liability-driven investment strategy and halted all further investments in illiquid assets.Notwithstanding the switch in focus, the fund has been able to return 6.1% per annum since the 2011, managing a return of 8.75% last year. The new, €2bn strategy has seen the fund invest €200m in the intermediate housing fund (FLI) managed by Société Nationale Immobilière, and commit €145m to the NOVI private equity fund – the latest in a suite of three funds set up by Caisse des Dépôts et Consignations to offer loans and equity to small companies in France.The board member also said a “large portion” of the infrastructure exposure would come from green projects.Rousseau said final details of the new investment strategy, such as FRR’s appetite for taking on construction risk when investing in infrastructure, were likely to be finalised at a board meeting in early December.Unlike in 2010, when the reserve fund was on the cusp of awarding several property mandates, Rousseau said FRR would not be building up any internal capacity to oversee the investments, citing the two-year window granted to deploy the €2bn.He also defended the limits of FRR’s new mandate, saying it was “a good second best” that the fund was able to build up a portfolio of French illiquid assets, if not acquire holdings outside the country as part of the drive.“Of course we would love to have broader perimeter, and to be able to invest across Europe, and across the world,” Rousseau said, “but it is already very good that we got the approval to go beyond what seemed to be an insurmountable border – the year 2024.” Fonds de Réserve pour les Retraites (FRR) is to invest €2bn in French illiquid assets, including infrastructure and real estate, after gaining permission to invest beyond 2024.Olivier Rousseau, a member of the €37.2bn French pension reserve fund’s executive board, told IPE FRR had last year begun “intensifying” its battle to once again invest in illiquid assets in light of the “horrible” low interest rates.He said that, after sending a letter to the ministries for finance, the economy and social affairs late last year, FRR was granted approval invest €2bn in French assets boosting economic growth over two years, allowing it to increase its private equity exposure to 3% of assets, and invest in property and infrastructure.The new strategy sees a change in emphasis for FRR.last_img read more

Henderson Global Investors to combine with Janus in ‘merger of equals’

first_imgHenderson Global Investors and Janus Capital are to merge, creating a $320bn-plus (€285bn) asset manager focused on active fund management.The new group will be called Janus Henderson Global Investors.The merger is expected to be completed in the second quarter of 2017, subject to regulatory and shareholder approval.Announcing the merger plan today, Henderson said it was an “exciting development” for the two companies “and for the future of high-quality, active fund management”. It added: “We believe that greater scale provides a number of important benefits for our clients.” The US and UK-based companies will merge by way of an all-stock “merger of equals”, with the combined group calculated as having a market capitalisation of around $6bn.The board is due to be led by Henderson chairman Richard Gillingwater, with Janus’s Glenn Schafer becoming deputy chair.The chief executives at Henderson and Janus – Andrew Formica and Dick Weil, respectively – will jointly lead the new group as co-chief executives, with the support of a new executive committee.Weil said the merger would be “transformational” for both managers.“Janus brings a strong platform in the US and Japanese markets, complemented by Henderson’s strength in the UK and European markets,” he said.  “The complementary nature of the two firms will facilitate a smooth integration and create an organisation with an expanded client-facing team and product suite, greater financial strength and enhanced talent – benefiting clients, shareholders and employees.”The executive committee of the new group will include Enrique Chang, head of investments at Janus, as global CIO of the combined group, and Phil Wagstaff, global head of distribution at Henderson, as the new global head of distribution.Japanese insurer Dai-ichi, the largest shareholder of Janus, has given its support for the merger.After the merger, it will hold around 9% of the combined group, with intentions to increase its ownership interest to at least 15%.On a pro forma basis, the assets under management of the combined group will be approximately 54% Americas, 31% EMEA and 15% pan-Asia.last_img read more

Emerging technology key to growth for asset owners, managers: survey

first_imgEmerging technology is seen as a top enabler of growth for institutional investors over the next five years, according to new research from State Street.Nearly half of 500 participants (48%) identified blockchain, artificial intelligence and other technological developments as key to driving their organisation’s growth, a dramatic increase from the 18% of respondents who did so in 2017.This shift in how asset owners planned to adapt to the current market environment reflected concern over their ability to achieve their growth objectives, State Street said, with 68% of respondents saying that it had become harder to do so in the current market environment.Most industry participants – including 72% of asset owners and 64% of asset managers – were positioning themselves more defensively amid market uncertainty. The survey – conducted by Longitude Research on behalf of State Street – showed that while institutions had generally improved effectiveness across their operations since the 2017 study, the ability to manage technology risks and extract better insights from data were additional areas for improvement.The majority of respondents (61%) were still taking an incremental approach to innovation, as opposed to re-engineering their IT systems completely.In the UK, the survey found that integrating new technologies into existing infrastructure and processes was seen to be the biggest challenge around implementation (62%, versus 45% in the rest of Europe).As a result, an increase in acquisitions and partnerships could have the potential to reshape the investment management industry, State Street said, with over half (53%) of respondents looking to established technology companies to support the development of emerging technology solutions. DWS and Schroders are among the managers to have invested in specialist fintech companies in recent months.Regulation and liquidity risk were considered the biggest threats to growth objectives, State Street’s research found. Digital disruption was also a concern, as emerging technology could introduce risk as well as opportunity, the company said.Liz Nolan, State Street’s chief executive officer for Europe, the Middle East and Africa (EMEA), said: “Our clients face increasing complexity and regulatory expectations, as well as the need to upgrade technology and improve their data management, while carefully managing costs.”More than 500 industry executives from 20 countries responded to State Street’s survey, including staff in investment, operations and distribution roles representing institutional asset owners, asset managers and insurance companies. Around 40% were from EMEA, with 37% from the Americas and 23% from the Asia Pacific region.last_img read more

The Messy Truth About Mindfulness

first_imgWilloughby Britton: Mindful.orgWilloughby Britton is Assistant Professor of Psychiatry and Human Behavior at Brown University Medical School. She has also been a committed mindfulness practitioner for 20 years. Mindful met up with Britton after the Center for Mindfulness Retreat in Boston in the spring to talk about the theory and practice of mindfulness.Britton’s research is often quoted by traditional media. Here she is, in her own words, talking about some of the messy truths about mindfulness.Meditation is not all peace and calm. Sometimes stuff can come up that needs to be dealt with. Meditation is not  the “warm bath” it’s been marketed as in this country, Britton says.“A lot of psychological material is going to come up and be processed. Old resentments, wounds, that kind of thing,” says Britton, “But also some traumatic material if people have a trauma history, it can come up and need additional support or even therapy.” Some of Britton’s research is making headway into understanding “difficult or challenging mind states” among advanced meditators and scholars that can occur as a result of intensive meditation practice.When Britton is approached by educators who want to bring mindfulness to their schools, she attaches a warning: “Be prepared to be wildly successful.” Britton says she’s seen students at Brown get so excited that they spend their summer meditating in the forest, 12 hours a day.“[Meditation leaders] should take responsibility for that and make sure students have some supervision,” she says. read more

Proposed provisional license for ABS-CBN ‘illegal’ – Palace

first_imgLawyer Lorenzo Gadon has recently fileda petition for prohibition to SC, asking it to issue a temporary restrainingorder against the NTC from complying with the House of Representatives’ appealto the commission to grant ABS-CBN a provisional authority to operate “from May4, 2020, until such time that the Congress has made a decision on itsapplication.” Presidential Spokesperson SalvadorPanelo said in a media briefing that the National Telecommunications Commission(NTC) has no authority to grant a provisional authority in favor of thenetwork. The congressional franchise of ABS-CBNwas granted on Mar. 30, 1995 but the broadcast operations of the local mediagiant only started 15 days after./PN Gadon, in his petition, said the NTC hasno jurisdiction to issue a permit to operate when ABS-CBN’s franchise expiressince its functions are “merely regulatory and supervisory.” MANILA – Malacañang deemed it “illegal”to grant broadcast firm ABS-CBN a provisional license to operate pending therenewal of its expiring franchise in May. “A provisional authority cannot be legalbecause the NTC cannot give provisional authority if there is no franchise. Ifthe franchise expires, then there is nothing to give provisional authority foran extension,” Panelo said. “To put an end to any question on thelegality and constitutionality, pass a bill, make it into law, grant themprovisional authority,” Panelo urged the Congress. ABS-CBN’s franchise expires on May 4this year, in the event that Congress and Duterte fail to give their nod on thenetwork’s bid for an extension of its legislative franchise for another 25years. The Palace spokersperson stated thatABS-CBN’s fate depends on the Congress’ approval of a bill renewing its 25-yearfranchise.last_img read more

R9 and CR7 are machines but I think R9 is better-Vieri

first_img Promoted Content10 Risky Jobs Some Women Do6 Most Breathtaking Bridges In The World7 Black Hole Facts That Will Change Your View Of The UniverseCouples Who Celebrated Their Union In A Unique, Unforgettable Way8 Things To Expect If An Asteroid Hits Our PlanetBest & Worst Celebrity Endorsed Games Ever Made11 Most Immersive Game To Play On Your Table Top10 Extremely Dirty Seas In The World7 Universities Where Getting An Education Costs A Hefty Penny9 Movie Scenes That Got Re-Shot And Saved The Whole Movie2020 Tattoo Trends: Here’s What You’ll See This YearWhich Country Is The Most Romantic In The World? Ronaldo is better than his namesake Cristiano Ronaldo, says Christian Vieri, with the former Inter striker considered to be a more fearsome frontman than the Juventus goalscoring machine. Through the late 1990s and early 21st century, the Brazilian two-time World Cup winner redefined the art of hitting the back of the net across spells at PSV, Barcelona, Inter and Real Madrid. South American star Ronaldo, who will forever be remembered as O Fenomeno, is rightly assured of a place among the all-time greats. He has been joined on that roll of honour by the Portuguese Ronaldo, who has also taken to re-writing the record books. A five-time Ballon d’Or winner has excelled across stints with Manchester United, Real Madrid and Juventus, with his exploits raising the bar of individual brilliance even higher. Vieri, though, still ranks R9 over CR7, with the ex-Italy international having once formed a devastating partnership with the former at San Siro. Asked to make his pick by the Daily Mail, Vieri said: “I am a friend of Ronnie and I was lucky enough to have him as a striker with me. He had it all. He was explosive, powerful and fast. He looked like a dancer, he seemed to dance with the ball.Advertisement Loading… FacebookTwitterWhatsAppEmail分享 “I say that Brazilian Ronaldo is better than Cristiano Ronaldo. Christian Vieri considers former teammate Ronaldo a more deadly striker. Debatable some would say! “CR7 is a war machine, he is admirable for everything he does and for all the things he continues to do. Cristiano can play up to 40 years with a cigarette between his lips, as they say in Italy. He has a sculptural physique.” Vieri enjoyed the most productive period of his career while on the books at Inter, plundering 202 goals, but considers coaches he worked with at Juventus and with the Italian national side to be the finest he played under. Read AlsoRonaldo under attack for controversial birthday party gathering “At Juventus I say Marcelo Lippi, he was like a second father,” said a man who earned 49 caps for his country. “In Turin’s youth teams I was coached by the great [Rosario] Rampanti, then by [Emiliano] Mondonico. “I also have to say Cesare Maldini, he helped me break into the national team. He was a magnificent person who trusted young people.”last_img read more

Familiar Faces at War in Kazan

first_imgHe admitted this in the pre-match chat here yesterday.“He (Jesus) can score goals and create space for his team-mates with his movement and work rate,” said the central defender in reference to Gabriel, before adding: “I really like my team-mates a lot as people, but once the handshakes are over there’ll be no love lost.”As for Fernandinho, his job will be to prevent Kompany from getting the ball to De Bruyne, who in turn will look to link up with another of their compatriot, Romelu Lukaku, who plays for another Manchester team, United.Another reunion to look forward to is the one between Brazilian Neymar and Thomas Meunier. Although there is not much the right-back does not know about the Brazilian ace, having marveled at his technique at Paris Saint-Germain, he is less than sure about how to blunt the threat he poses when the chips are down in this crucial quarter final pairing.“I don’t know how to stop him. He’s very unpredictable,” said Meunier of Neymar’s capacity. “Neymar is probably the best player I’ve ever played with or against. I’ll do my best. I know we have a chance but I also know that it’s very tough to stop them as a whole, not just Neymar.”The Belgian would like nothing better than a repeat of the 4-0 score-line that PSG inflicted on Barcelona and Neymar in the UEFA Champions League last season, which came before the Brazilian decamped to the French capital to link up with fellow countrymen Marquinhos and Thiago Silva.Along with Thibaut Courtois and Michy Batshuayi, Eden Hazard has long been dreaming of taking on Brazil and their Chelsea team-mate Willian in the Final, a pleasure he will now have in the quarter-finals instead.The two formed an instant connection on and off the pitch at Stamford Bridge. The similarity in their games no doubt plays a part in that; both like to express themselves to feel fulfilled and will in all likelihood be trying to avoid each other in Kazan so they can do just that.Though Simon Mignolet and Thomas Vermaelen are unlikely to be facing their Brazilian club-mates on the pitch, they are well versed in the way of the Seleção attack. The goalkeeper will have some advice to give to Courtois on the positioning and movements of Liverpool colleague Roberto Firmino.For his part, the central defender, who is also a team-mate of Paulinho’s, has been trying to cope with the ability of Philippe Coutinho to dribble with the ball, evade markers and dictate the pace in Barcelona training sessions since January.And in the lead-up to the big game, Coutinho’s former Liverpool team-mate Christian Benteke, who failed to make Robert Martinez’s 23-man Belgian squad, has been doing his bit to stir the pot on Twitter.The Brazilians who know they are in for a tough duel are unfortunately going to miss Casemiro, a key element in the midfield. His replacement, Fernandinho even if he is not as physically imposing has a huge task ahead of him against Belgium.This quarter-final which represents one of the last chances for Belgium to shine at the highest level, with the best team in the their history is first time that they will face Brazil, truly believing they can win. Only 90 minutes will decide which of the star studded football power-houses step into the semisSince USA 1994, Brazil has always reached at least the quarter-finals of a World Cup. In 1994 and 2002, they were crowned champions, while they finished as runners-up in 1998.POSSIBLE LINE-UPSBrazil: Alisson; Fagner, Thiago Silva, Miranda, Filipe Luis/Marcelo; Fernandinho, Paulinho; Willian, Philippe Coutinho, Neymar; Gabriel JesusBelgium: Thibaut Courtois; Jan Vertonghen, Vincent Kompany, Toby Alderweireld; Axel Witsel, Kevin De Bruyne, Nacer Chadli, Thomas Meunier; Marouane Fellaini, Eden Hazard; Romelu LukakuShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram As Brazil battles Belgium for s’final ticketFriday’s quarter-final clash of the 2018 World Cup here in Russia between Brazil and Belgium ought to be a family affairs. But because of the semi final ticket at stake, Manchester City teammates in the two teams will put Etihad affinity aside this evening as they try to outdo each in the battle of Kazan.Five of Europe’s biggest clubs have both Brazil and Belgium internationals on the books. Manchester City alone has six of the players who will lock horns this evening in the battle for a place in the semis. Belgian Citizens Kevin de Bruyne and Vincent Kompany however pull rank over Brazilian Gabriel Jesus, Fernandinho (who are both expected to start), Danilo and Ederson.Despite the ranking Kompany knows the havoc Jesus in particular is capable of doing if given half a chance in the goal area. Just like de Bruyne, his compatriot.last_img read more

Syracuse tempo cuts open Niagara in season-opening win

first_img Facebook Twitter Google+ Chris Nanco knew that Niagara would be tired.Coming out to start the second half, he saw an energized Syracuse team that had subbed many of its starters and a Niagara team that had yet to record a shot on goal. Nanco knew that the Orange would be able to spread out the Purple Eagles’ defense and find its gaps more easily.Just four minutes into the second half, Nanco dribbled the ball in from the left side of the goal and snuck it between the legs of Niagara goalie Joel Gerberich to stretch SU’s lead to 2-0.“I just used my speed since I knew their center backs weren’t the fastest players in the world,” Nanco said. “… With our pace, we’re going to outwork teams. Teams are going to eventually get tired on us.”Syracuse got off 19 shots in the second 45 minutes after tallying just six in the first half of its 3-0, season-opening win over Niagara on Friday afternoon at SU Soccer Stadium in front of a crowd of 1,217 fans. Leading 1-0 at halftime, head coach Ian McIntyre told his team to push the attack in the second half, and it kept the Orange in possession of the ball and led to a multitude of scoring opportunities.AdvertisementThis is placeholder text“It was an excellent second half,” McIntyre said. “We were just looking to break that second goal. It was important. It just kind of broke the game open. We created chances.”Syracuse started out the game slowly on offense, not registering a shot for the first 15 minutes.When the Orange found its first real chance, it converted. In the 23rd minute, Jordan Murrell created a nice set piece when he zipped a cross-field pass to fellow defender Louis Cross, who headed it into the back of the net for his first collegiate goal.“It was hysteria really,” said Cross, an Akron transfer. “… It really lifted the team, we regrouped focus, and allowed us to get that second and third (goals).”Cross said the team made a conscious effort to up the tempo as the game progressed. And the pace of the play echoed the sentiment.Fourteen minutes into the second half, Murrell missed a shot on goal and it bounced back out to Emil Ekblom, who blasted it off the goalie’s diving body. Six minutes later, Ekblom was robbed again on a header off a pass from Nanco. And just seconds following that, Julian Buescher was robbed on a kick that corralled off a Niagara player standing in front of the goal.Not every shot was hitting the net for Syracuse in the second half, but its scoring opportunities were plentiful.“A couple hit a crossbar or post and a couple scrambled away,”McIntyre said. “Maybe on another day we could have had a couple more. But it’s tough for me as a coach to grumble.”Syracuse scored its third goal when Niagara’s Brennan Koslow sent the ball in his own goal off a corner kick from SU’s Oyvind Alseth.By that time though, the game was already out of reach. The Orange may have only been up by two, but it had taken command of the game by controlling the tempo.McIntyre conceded that the ball movement is still a work in progress and looked far from perfect in opening game. But as a whole, he was impressed with his team on the offensive side of the ball.“We’re not the finished article,”McIntyre said. “We have a lot of games to work that out.“There were large stretches where we looked very good.” Comments Published on August 29, 2014 at 6:27 pm Contact Sam: | @SamBlum3last_img read more

USC expands on electric vehicle charging stations

first_imgWarren Poh | Daily TrojanPowering up · Thirty-six parking spaces on the Health Sciences Campus are reserved to charge electric vehicles beginning this year.USC Transportation has enhanced the University’s electrical infrastructure to meet the increasing demands for electric vehicle charging stations. This is in response to an increase in the number of people using electric vehicles at both the University Park Campus and the Health Sciences Campus. Currently, both campuses have a total of 58 charging spaces for electric vehicles.“At this point, we are trying to catch up to demand,” said David Donovan, associate director of HSC.  “There is already sufficient demand for more EV charging spaces, While we hope that people will use them and continue to grow the EV program, right now we are still trying to catch up to the existing demand.”HSC has 36 charging spaces. The “level” of the station indicates the charging power — the higher the level, the more power and shorter charging time. The San Pablo parking structure at HSC, which has 32 Level II charging spaces, opened last January, while the remaining Level II charging spaces at HSC are in the Biggy parking structure. “The Biggy structure is owned by the University, and we built four charging spaces there, which was the only number it could handle from the electrical infrastructure standpoint,” Donovan said. “When we built the new San Pablo structure, we built it keeping in mind the capacity to add new spaces.”At the moment, there are 22 electric vehicle charging spaces at the UPC, two of which are level III charging stations. The level II spaces are located at the Figueroa Street structure, Grand Avenue structure, Royal Street structure, Downey Way structure, Lot 2 and Lot SSRI. “One way to grow the program is to build new construction,” Donovan said. “Those are the big projects coming online next year.”USC Transportation will be adding 56 level II charging stations at UPC by the end of Spring 2017. Twenty-four of these stations will be constructed at the University Village, and the remaining 32 stations will be at the USC Shrine building. In total, there will be 114 electric vehicle charging spaces available across both the campuses for those with a USC permit.“The 114 EV charging spaces are as many as we can put in right now,” Donovan said. “We have already maxed out the University’s electrical infrastructure in terms of adding spaces to existing facilities.”According to Donovan, if required later, they could add more new construction or do a massive redesign of the University’s existing electrical infrastructure, but that is not expected to happen anytime soon.Even with an increase in the number of charging stations, the spaces are limited. Hence, any vehicle that is parked in that space and plugged into the charging station must be actively charging at all times. Otherwise, the owner may be cited for reserved space violation, according to the USC Transportation Rules & Regulations Handbook. The handbook also states that any vehicle parked in the EV space without a USC permit, without being plugged in and actively charging, or parked in an EV space after charging has been completed, will be fined $80 for a reserved space violation. The rate for using the charging station is $0.25/hr., in addition to the permit rate.According to Karla Heidelberg, director of the USC Environmental Studies Program and associate professor of biological sciences and environmental studies at the Dornsife College of Letters, Arts and Sciences, USC’s commitment to installing more electric charging stations is a positive move that helps to promote awareness of alternative technologies that make the U.S. less dependent on oil imports.“With much of our petroleum imports located in politically volatile countries, the United States is vulnerable to price spikes and supply disruptions,” Heidelberg wrote in an email to the Daily Trojan. “Facilitating the use of hybrid and plug-in electric vehicles instead of conventional vehicles can help reduce U.S. reliance on imported petroleum and increase energy security.”Similarly, Heidelberg said, the use of electric vehicles will also help move the U.S. toward a more environmentally-friendly future by reducing emissions.“As Provost Michael Quick has noted, we must prioritize and transform education to address difficult and intractable ‘wicked’ problems such as sustainability, so that our students become comfortable as future leaders that continue these beginning efforts,” Heidelberg wrote. “Hopefully this is one of many future steps to make USC a greener university.”Students such as Jereme Barnett-Woods, an electrical engineering graduate student, applauded the University’s actions because of the benefits that they see from the proliferation of electric charging stations.“The increase in EV charging stations will help convince people who want to buy an electric vehicle to actually get one since it allows them more freedom with where they can travel to,” Barnett-Woods said.last_img read more