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Britain outpaces Italy with Europe’s highest official coronavirus death toll

first_imgBritain has overtaken Italy to report the highest official death toll from coronavirus in Europe with more than 32,000 deaths, figures released on Tuesday showed.The high death toll could increase political pressure on Prime Minister Boris Johnson, who waited longer than other European leaders to order a lockdown to curb the spread of the virus in March.Weekly figures from Britain’s national statistics office added more than 7,000 deaths in England and Wales, raising the total for the United Kingdom to 32,313. The figure is one of several methods for calculating deaths and difficult to compare with other countries, but it offers the clearest sign yet that Britain could emerge as the worst-hit country in Europe, despite being hit later than other countries.Opposition parties have raised questions about Johnson’s initial decision to delay a lockdown at a time when hospitals in Italy were already being overrun.They also say his government was too slow to introduce mass testing and provide enough protective equipment to hospitals.The true figure for deaths from coronavirus may be even higher. The Office of National Statistics said 33,593 more people had died than average up to April 24 in England and Wales, compared to 27,365 cases in which coronavirus was mentioned on the death certificates.  Topics :last_img read more

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This Queenslander has served as home to a former governor

first_img86 Yabba St, AscotThey commissioned heritage architect Desley Campbell-Stewart to do the work, with an aim for the extension to blend seamlessly with the original house.Mrs Arnison said they also wanted the home to have as much natural light as possible.The work was done on a tight timeline, as the couple needed to move back in when the new governor was sworn in. 86 Yabba St, AscotBy July 2003 they were ready to move back in after Major General Arnison finished his term as governor.Mrs Arnison said they had carried out some work on the property during their ownership.“During the first half of 2003, an old extension at the back of the house was demolished and rebuilt,” she said. 86 Yabba St, AscotMarketing agent Scott Darwon, of Ray White New Farm, said it was “one of the best houses in one of the best streets in one of the best suburbs of Brisbane”.He said there had been strong recent sales in the area.“This sale is a coveted opportunity to secure a significant piece of Ascot history,” he said.The home is airconditioned and has solar panels and solar hot water and is listed through Scott Darwon of Ray White New Farm. 86 Yabba St, AscotMore from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours ago“This is the house where we have lived the longest and it is our favourite,’’ she said.Major General Arnison said they had enjoyed many years living in the house, but it was time to downsize.“The street is changing, there’s lots of young families returning and it’s a wonderful place to raise children,” he said.center_img 86 Yabba St, AscotThe home is on a 1001sq m block of land. Despite renovations it still retains many original features. It has a sweeping wraparound veranda, wrought iron balustrades and sash windows. There are original polished hoop pine floors, VJ walls and high ceilings with pressed metal finishes.The full exterior of the gabled Queenslander was painted this year and the home was re-roofed in 2003.It has a 14,000-litre rainwater tank, and a saltwater swimming pool. This  Ascot Queenslander has only changed hands twice during the past 50 years, and for 24 of those it has been owned by former Queensland governor Major General Peter Arnison and his wife Barbara.The couple are selling now to downsize to an apartment on the Brisbane River.They moved into the home when Major General Arnison retired from the Australian Army in 1996, but were only there until 1997, when they moved into Government House.The home at 86 Yabba St was then leased. last_img read more

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NBIM to fund research on sustainability in gold, copper mining

first_img“The data and models to be developed will be available to mining companies seeking to assess, manage and mitigate a broad range of environmentally induced financial risks,” it added.“Other users include investors, mining companies, government regulators, non-governmental organisations and academics.”Yngve Slyngstad, chief executive at NBIM, last year called for more rationality in the sustainable investment debate, with the need for more data to underpin all decisions.NBIM has long advocated greater transparency over water management and in 2011 called for a universal approach to reporting.The manager last year sponsored a report by CDP that highlighted the risk of water shortages to a range of sectors, including mining.The report found that the impact of water shortages would be felt keenly in emerging markets including Brazil, China and India.For more from Yngve Slyngstad, chief executive of Norges Bank Investment Management, see the current issue of IPE Norges Bank Investment Management (NBIM) is to fund a US university’s work on sustainability in the mining sector, with the resulting work meant to assist the sector in assessing financial risk.NBIM, the manager in charge of Norway’s NOK6trn (€699bn) Government Pension Fund Global, said the work by Columbia University in New York would be funded by a three-year grant.It added that the project would study how a range of factors related to sustainability would influence the profitability of the mining industry.The work, conducted jointly by Columbia Water Center, the university’s department of industrial engineering and operations research and the Columbia Center on Sustainable Development, will aim to develop models to quantitatively assess mining-related water and environmental risks, according to an NBIM statement.last_img read more

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NEST takes first steps into commodity investment

first_imgSolar power is one of 42 commodity types included in the mandateAmong the 42 sub-classes listed in the mandate’s universe are both ‘hard’ and ‘soft’ commodities, from oil, natural gas, and solar and wind energy, to livestock, sugar, cotton and water, as well as 21 types of industrial and precious metals.Adam De Chiara, co-founder of CoreCommodity Management, described the mandate as a “customised real asset strategy that has been thoughtfully designed to provide portfolio diversification and inflation protection to NEST’s members in an ESG-compliant format”.The mandate does not have a set end date, as Fawcett said NEST wanted to forge long-term partnerships with its fund managers.Fawcett said NEST expected to double its assets under management next year as the rollout of the UK’s auto-enrolment project takes hold. Minimum contributions rose in April and will do so again in April next year. NEST – one of the leading providers of auto-enrolment pensions in the UK – has taken its first step into commodities with a mandate to be run by US firm CoreCommodity Management.The defined contribution master trust is to invest roughly £200m (€226m) in a segregated mandate. It is the first time NEST has invested in a bespoke vehicle rather than a pooled fund.Chief investment officer Mark Fawcett said NEST would invest roughly 5% of its growth fund in the mandate, with an upper limit of 10%.He said the asset class’ recent five-year “slump” meant it was “a good time to be investing in commodities”. “While markets have been benign since auto-enrolment kicked off six years ago, we’ve had a turbulent start to 2018 and volatility looks set to rise,” Fawcett added.center_img Mark Fawcett, CIO, NEST“It’s our responsibility to help members weather all sorts of markets to achieve decent, consistent returns on their pots.“Commodities offer good value protection as inflationary pressures rise around the world and are supported by strong global trends.”What the mandate looks likeThe commodities allocation consists of 80% long-only futures with 20% in commodity-related equities.CoreCommodity will only invest in the top 20 most liquid futures markets, said co-founder Adam De Chiara. The mandate will aim to outperform the Bloomberg Commodities Index.The asset manager has also implemented NEST’s environmental, social and corporate governance (ESG) risk overlay, resulting in several commodities being excluded from the fund’s universe.Energy providers with high climate risk exposure are excluded, as are companies focused on thermal coal, palm oil, uranium, and tobacco.NEST has also banned investments in cobalt miners operating in the Democratic Republic of Congo, after a recent CBS investigation uncovered evidence of child labour in cobalt mines.“There will be some equities we decide are unacceptable,” Fawcett said. “For others there will be engagement – but this is more of a quant-driven systematic portfolio.”He added: “We want to manage the ESG risk but don’t want to disrupt management too much.”Companies that systemically breach the UN Global Compact have also been excluded, the CIO said. However, he maintained that the ESG policy would not have a significant impact on the portfolio’s volatility or return.last_img read more

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Columbia Threadneedle’s Scrimgeour to succeed Zinkula at LGIM

first_imgMichelle Scrimgeour“Her clarity and long-term focus have helped us strengthen our strategic vision for Columbia Threadneedle globally and within the EMEA region. We wish Michelle every success in the future and thank her for her contribution while at Columbia Threadneedle.”Truscott added that Scrimgeour would remain at Columbia Threadneedle “for the next few months” to manage the transition “as we determine our longer term plans”. “We have an excellent team in place and remain focused on delivering for our clients,” Truscott said.Zinkula has led LGIM since 2011, during which time it has become one of the biggest asset managers in Europe. According to IPE’s 2018 Top 400 Asset Managers survey, it was the second biggest manager of institutional assets in Europe, overseeing €807.8bn.Scrimgeour joined Columbia Threadneedle from M&G Investments at the start of 2017. At M&G she was chief risk officer. She previously held senior roles at BlackRock and its predecessor firms Mercury Asset Management and Merrill Lynch Investment Managers. Ted Truscott, CEO at Columbia Threadneedle, said: “During her time at Columbia Threadneedle Michelle led our EMEA business through a period of change and challenge, as we responded to the evolving needs of our clients, regulatory changes and an uncertain political and economic backdrop. Legal & General Group (L&G) has appointed Michelle Scrimgeour as the new chief executive of its €1.1trn asset management arm, succeeding Mark Zinkula.Scrimgeour is currently CEO for Europe, the Middle East and Africa (EMEA) at Columbia Threadneedle Investments, where she has worked since 2017. Zinkula announced his retirement from Legal & General Investment Management (LGIM) in May 2018, and is scheduled to step down in August this year.In a statement announcing Scrimgeour’s appointment, L&G said she would take up her new role “following the completion of regulatory and other formalities” and would work with Zinkula for a period to transition the business. Scrimgeour will also join L&G’s board, the company said. last_img read more

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Port of Helsinki to temporarily lay off its entire personnel

first_imgThe Port of Helsinki will temporarily dismiss its entire personnel due to the impact of the coronavirus pandemic and related travel restrictions on the port’s business. As informed, the personnel of the Port of Helsinki will be dismissed for 30 days between the start of August and the end of the year, and for a maximum of 30 days in early 2021. The decision was made in the co-operation procedures that ended on 19 May 2020. “Both ports and shipping companies are prepared for the gradual and safe return to passenger traffic in many ways. We are working in close cooperation with the authorities to ensure that traffic can resume safely. Passengers should also familiarise themselves with instructions issued by the authorities and comply with the hygiene and health regulations put in place by the authorities,” the port said. The management of the Port of Helsinki will participate in the adjustment measures by waiving their holiday bonuses for 2020.center_img “We will attempt to arrange the temporary dismissals so that they do not cause inconveniences for our customers or operations,” the port added. “Because of this, we have been forced to start extensive cost reductions. As a part of the reduction plan, the Port of Helsinki Ltd and its employees have agreed that the Port’s personnel will be temporarily dismissed,” the port said in an announcement. On May 13, 2020, the port reported that its cargo traffic operations were continuing despite COVID-19 having had a strong impact on its passenger traffic. Since then commuter passenger traffic has been partially reopened, however, leisure travel remains suspended.last_img read more

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Tensions build in Nigeria’s oil-rich Delta

first_imgNigeria’s amnesty programme for Niger Delta militants has been in place since 2009, when the late president Umaru Yar’ Adua was in power.His successor, Goodluck Jonathan continued and sustained the programme, which gave payouts and promised to train and rehabilitate the youths that had previously destabilized oil production in the Delta for years.President Muhammadu Buhari says he plans to “streamline” the amnesty.Ex-militants warn if the payouts stop, they will rearm.last_img

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Wenger still gunning for top four

first_imgArsenal manager Arsene Wenger maintains his side still have what it takes to finish in the top four after being held to a goalless draw by a battling Everton side in their Barclays Premier League clash at the Emirates Stadium. Press Association He added: “My belief was always strong and still is. I am confident we will do it. The best way is to put the same effort into the next game.” There were plenty of hefty challenges from the visitors, notably from Darron Gibson in the first half on Theo Walcott – with the midfielder fortunate not to have been shown two yellow cards in succession by referee Neil Swarbrick for body-checking the England winger. Wenger was not impressed and said: “I felt that in the first half the referee didn’t deal at all well with the intimidating physical challenges, but that we responded well to the physicality. “It was detrimental to the fluency of our game, but we kept going, had good concentration.” Everton boss David Moyes defended his side’s approach. He said: “Do you mean when we were a little bit rough with the tackling? Up north we do that quite often, that’s actually allowed in football. We weren’t going to come here and let Arsenal stroke the ball around and make 600 tackles.” Moyes added: “I am pleased with the performance, and with the result. You are never disappointed taking a point at the Emirates, you can’t be with the quality they have here.” center_img Despite plenty of endeavour, Wenger’s men were unable to breakdown a determined Everton, who utilised all their physical qualities if not collecting the win they probably needed to harbour any real hopes of getting into the top four. “We should have won the game, but it still keeps us in a strong position in the race for the top four,” said the Arsenal manager. “We had the chances to score, and that’s my regret. Maybe we used power instead of technique too much in our finishing.” last_img read more

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Lampard heading to the Etihad

first_imgFrank Lampard will join up with Manchester City next week as he begins a loan spell with the Barclays Premier League champions. “I will talk about those things with him but he is a player for Manchester City, he will play every game that he needs to play,” he added. Lampard was unveiled in New York on July 24 and admitted he was eager to keep himself fit ahead of his American adventure. “I’m going to keep fit, that’s the main thing. How I do that is not clear yet,” he said at his presentation with the MLS side. “I’m going to sit round with people at the club and sort that out.” Lampard began his career at West Ham but moved to Stamford Bridge in 2001, making 649 appearances and becoming the Blues’ all-time top scorer with 211 goals. He will join Fernando, Bacary Sagna and Willy Caballero as new arrivals at the Etihad over the summer as City attempt to defend the title they narrowly won ahead of Liverpool last term. A successful defence would hand Lampard a fourth Premier League crown to go with the Champions League, Europa League, four FA Cups and two League Cups he won at Stamford Bridge. Spaniard David Villa has been New York City FC’s other high-profile signing ahead of their MLS debut next year and he has also been loaned out within the City system, moving to Melbourne City to maintain his fitness ahead of the American season. Short-term loan deals from the MLS have become relatively commonplace with Thierry Henry rejoining Arsenal, Landon Donovan having spells at Everton, Clint Dempsey returning to Fulham and David Beckham turning out for AC Milan in recent seasons. A spell in the Premier League could also help Lampard extend his England career, which has so far seen him win 106 caps, scoring 29 goals. Although the club have not yet officially announced the deal, City boss Manuel Pellegrini confirmed on Saturday night that the England midfielder, who signed for City’s sister outfit New York City FC this summer ending 13 trophy-laden years at Chelsea, will join up with his team on Wednesday. With the 2015 Major League Soccer season not starting until the spring, there was speculation that Lampard would head to Melbourne City, the third club owned by the City Football Group, on a short-term deal. But following the friendly against Olympiacos in Minneapolis, Pellegrini confirmed the 36-year-old will now move to the Etihad until the new year before the next American season begins in March. “As you know Frank has signed a contract with New York City and will start working here (the United States) in January as the season starts in March,” Pellegrini told a post-match press conference televised by Sky Sports News. “From next Wednesday he will start working with our team and will play for us until then. “At the moment he will work with the squad and be a member of the squad. He will fight for a position. “He knows we have a very good team, we have a lot of players in his position. He is one player more. “We have a lot of games particularly with the Champions League – so he’s very important for our team.” The move had been mooted for 48 hours previously with reports suggesting that Lampard would be unwilling to face Chelsea on September 21. And when prompted on the issue, Pellegrini suggested he would be open to the possibility of Lampard missing out against the Blues, although there was no guarantee he would not feature. Press Associationlast_img read more

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Taarabt: Don’t blame Harry

first_img “These two weeks for the international break will help me get to 100 per cent. I did not have a very good pre-season and I need games. Hopefully my ankle will be fine, it is not a big injury.” Taarabt scored four goals in 14 league appearances while on loan at Milan last season and the 25-year-old admits he had hoped to sign permanently for the Italian giants in the summer. “I had a taste of something different last year, playing in the Champions League at a big club,” Taarabt said. “That is why I wanted to move. Not because I do not want to be at QPR, because it was a big opportunity for me. “Do not forget that this club has helped me a lot. I am one of the longest-serving players here now, and I still love the club. It will always be in my heart. I am very concentrated on QPR and giving my best.” Press Association Redknapp’s side were beaten 2-0 by West Ham on Sunday meaning the team have taken just four points from their opening seven league games. QPR’s defeat was compounded by a sluggish display that has placed added scrutiny on Redknapp and his ability to motivate his under-performing players. “It is easy to blame the manager when you lose but the players have to step up,” said Taarabt, who came on for 24 minutes at Upton Park but is yet to start a match this season. “The manager can change tactics, tell us what he wants, but when we go on the pitch it is the players who perform. “It is disappointing, we are bottom of the league. “If we keep clean sheets we can win games, but at the moment we are not doing that so it is hard for us.” Redknapp said his players’ fitness was not up to scratch after the West Ham defeat, with a number of his squad still regaining sharpness after injury. Taarabt has been struggling with an ankle problem since the summer and the talented Moroccan is still trying to re-establish himself at Loftus Road after a permanent move to AC Milan broke down in the summer. “I was in the middle of a transfer and it did not happen for whatever reason,” Taarabt said. “It was difficult for me because I thought I was moving. In the end it did not happen, so I am (here) now and have to work hard to get back in the team and help QPR win games. QPR manager Harry Redknapp is not to blame for the team’s position at the bottom of the Barclays Premier League, according to Rangers midfielder Adel Taarabt.last_img read more

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