Jose Mourinho predicts two-horse Premier League title race between Liverpool and Manchester City

first_imgJose Mourinho predicts two-horse Premier League title race between Liverpool and Manchester City Advertisement Comment Advertisement Liverpool are leading the title race so far (Picture: Getty)‘If they don’t do it, the distance just after four weeks is the distance that impresses a little bit.’Tottenham can go level on points with Arsenal with a win against their bitter rivals, while the Gunners could go third with a victory.Once the London Derby is decided, clubs action will be put on hold as the international fixtures take over.MORE: Jermaine Jenas blasts Mohamed Salah after spat with Sadio Mane in Liverpool’s victory over BurnleyMore: 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 Citycenter_img City are going for their third successive league title (Picture: Getty)Jose Mourinho believes the Premier League title race will be a two-horse race between Liverpool and Manchester City.The three-time title winner did think Tottenham would be able to challenge Liverpool and City, and City’s B team, for the trophy, but amended his original prediction ahead of Spurs’ trip to the Emirates.Liverpool currently lead the table after City and Tottenham dropped points in recent weeks and Mourinho has now delivered a new prediction.‘I think both [Arsenal and Tottenham need the points]. We were having a laugh at Old Trafford in the first fixture of the season,’ Mourinho said on Sky Sports.ADVERTISEMENT Coral BarrySunday 1 Sep 2019 3:32 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link3kShares Mourinho did think Tottenham could be title contenders (Picture: Getty)‘I was having the joke of Man City B, Spurs, Liverpool and Man City [challenging for the title].AdvertisementAdvertisement‘Just three or four weeks later, we understand clearly Liverpool and Man City are going to finish first and second, or second and first.‘Can Tottenham or Arsenal be there? They push for it, I think today is very important for them to win.last_img read more

Negative rates confound pension fund ‘prudent’ asset allocation, says S&P

first_img“If nothing else, it’s a cost in productivity. It gets more difficult and expensive to complete transactions. You really turn the clock back.”Robert Palombi, managing director at S&P Global, noted that negative rates can incentivise pension funds or insurance companies to increase their investment risk profile, which in turn can enable riskier borrowing by companies, fuelling a negative feedback loop.“Negative interest rates lead to excessive risk-taking, which could create more credit pressures and possibly defaults that have a deleterious impact on the economy, and creates the need for more stimulus,” he said.However, he said such a scenario can be avoided if the negative rates policy is successful in stimulating economic growth. Negative interest rates set by central banks run the risk of making prudent asset allocation “impossible” for pension funds and other long term investors that relay on bonds for part of their portfolio, according to S&P Global.David Blitzer, managing director, index management, at S&P Dow Jones Indices, said a negative policy rate by a central bank will spread negative interest rates across the economy, which could lower bank profits but also hurt other financial institutions.“Insurance companies and other non-bank financial institutions facing long term liabilities at fixed nominal rates will suffer,” he wrote in a contribution to an S&P report on the range of impacts of negative interest rates. “Pension funds and other long term investors which rely on bonds for part of their portfolio will find prudent asset allocation impossible.”Overall, if negative interest rates spread beyond major financial institutions, society would return to being “cash-only”, said Blitzer.last_img read more

Subsea 7 plans cost cuts as loss doubles

first_imgTherefore, an annualised reduction in cash costs would be approximately $400 million by Q2 2021. As a result Subsea 7 also expects to record a restructuring charge in 2020. The company also anticipates non-permanent workforce reduction. Subsea 7 has seen red in Q1 2020 on activity drop in the SURF and Conventional business units as well as COVID-19 pandemic. Revenue for the Renewables and Heavy Lifting division was up from $53 million in Q1 2019 at $62 million. SURF and Conventional revenue for Q1 2020 was $625 million, down 19 percent from Q1 2019. At the end of the first quarter, Subsea 7 had cash and cash equivalents of $340 million. Subsea 7 expects order flow to be low in the coming months and competition to increase, impacting the outlook for revenues and margins in the latter part of 2020 and beyond. The company reported adjusted EBITDA , against $111 million in Q1 2019. Order backlog was $5.6 billion, with order intake totaling $1.5 billion. $2.7 billion is for execution in the remainder of 2020. John Evans, chief executive officer, said: A comprehensive cost reduction programme is being developed and will be announced in the second quarter. The company has cut its capital investment plans for 2020 to $230-250 million, from our prior guidance of $270-290 million. These actions would be implemented over the next twelve months.center_img “Just eight weeks ago, we discussed our positive outlook for the year, with an expectation of continued momentum in new order intake and a tightening market for some of our high-end pipelay vessels. $4.6 billion is related to Subsea 7 SURF and Conventional business unit. The Oslo-listed firm posted quarterly loss of $38 million, or $13 cents per diluted share, on revenue of $751 million. The company is also implementing longer-term plans to re-shape the business to reflect the changed outlook for the industry. Total vessel utilization was 63 percent, down nine percentage points from the prior-year period. Impact of Covid-19 and low oil prices “In the near term, our efforts are now focused on safeguarding the health of the Group’s 12,000 workforce while we continue to deliver projects for clients under difficult conditions. Subsea 7 expects its active fleet will reduce by releasing a number of chartered vessels and stacking some owned vessels. However, a reduction in permanent employees might also be necessary. Adjusted EBITDA margin for the quarter was 9 per cent, versus 13 per cent in Q1 2019. Subsea 7 said it is yet to determine the financial cost of addressing the operational inefficiencies of Covid-19. The result compares to loss of $19 million, or $0.6 EPS on revenue of $859 billion same time last year. “The outlook has changed significantly as a result of the impact of the Covid-19 pandemic on demand for energy and the price of oil. last_img read more

Commission Looks To Improve College For Adult Learners

first_imgINDIANAPOLIS – The Indiana Commission for Higher Education is offering its recommendations for ways to help increase the state’s college completion rates for non-traditional adult students.A recent study shows that for every student that goes to college part-time every semester, there is another with blended enrollment – attending fulltime whenever possible but dropping to part-time for certain semesters.The Commission recommends colleges to create and guide students to academic structures that support continues fulltime enrollment or more structured part-time enrollment.They also recommend aligning state and institutional services and resources to address non-academic challenges, such as financial needs, and also a redesign of part-time grants.“We often over simplify how students are earning their post-secondary credentials, thinking of full-time students as recent high school graduates and part-time students as working adults. In fact, those lines are incredibly blurry,” said Indiana Commissioner for Higher Education, Teresa Lubbers.The recommendations are designed to bring the state of Indiana closer to a 60 percent attainment rate by 2025.last_img read more

CANOEFEST RACES POSTPONED DUE TO HEAVY RAIN

first_imgBrookville, Ind. — A report from the Franklin County Sheriff’s Department says Canoefest 2017 will roll with one minor glitch; the largest canoe race in the region has been postponed due to heavy rains. The races have been rescheduled for the weekend of July 8.Organizers say no other changes are being made and all other activities will go on as scheduled.last_img

Boastful Iwobi insists Everton capable of defeating Liverpool

first_imgNigeria and Everton midfielder, Alex Iwobi, believes they’re capable of defeating Liverpool. Loading… Their last win over Liverpool was 21 games ago, back in October 2010 when goals by Tim Cahill and Mikel Arteta secured a 2-0 victory. And Iwobi admitted: “We have to accept it’s not a great record – and not a record we want to keep. “Hopefully we can change that. Even though there are no fans, we are on our own turf and we don’t need any more motivation.Advertisementcenter_img “We are more familiar with the turf than they are. We are ready and hopefully can change the record on Sunday.” He added: “It’s not easy because they are a strong team. read also:Iwobi,others ready to frustrate Liverpool “There are a lot of factors which come into play, but joining the Blues is an extra motivation because it is a derby. “It can make you hungry. We want to prove Merseyside can be blue. It is a test for all the players. We can see how good we are.” FacebookTwitterWhatsAppEmail分享 last_img read more

Hughes unhappy with decisions

first_img Zaha made the most of ponderous Stoke defending when he scored the winner, latching onto a Murray flick-on from Speroni’s long kick to slot past Begovic, and Hughes admitted his side should have done better on that occasion. “It is a mistake from us. It was just a long ball and needed clearing the lines,” the Welshman said. “If you don’t deal with the first ball, you certainly deal with the second one, and we didn’t do either. That is a disappointment, because we know we are better than that.” Palace manager Alan Pardew said in his post-match press conference he had not seen a replay of the Begovic-Bolasie incident, but had no doubt it had been a “turning point” in the game. Pardew said: “It thought it was a cracking game today and that Stoke were good – in the first period we really struggled to stay with them. “The goal for us was crucial. I haven’t seen it back and I think Stoke were unhappy with it. “But it was a turning point – I thought we were good after that. “I think it was a tough day for the officials today. I thought all of it was pretty fair, but tough – it was a tough, physical encounter, almost like a Six Nations rugby union match at times in terms of real aggression in the right way. “The referee had a couple of calls to make and he was never going to get them all right because both sides were as aggressive as each other. But it made for a cracking game.” Stoke boss Mark Hughes claimed his side had had a penalty wrongly given against them and been denied a clear one themselves in their 2-1 loss to Crystal Palace. Press Association After Mame Biram Diouf’s close-range finish had put the Potters a goal up early on in the Barclays Premier League contest at the Britannia Stadium, they suffered what Hughes deemed the first injustice when Palace equalised in the 41st minute. Referee Andre Marriner adjudged Asmir Begovic to have fouled Yannick Bolasie, who was chasing a long ball forward, as the pair collided in the box and awarded a spot-kick which Glenn Murray firmly despatched. The official also booked Begovic, but Hughes felt it was Bolasie who had been guilty of an infringement. The Stoke manager said: “My take on it at the time was that is was just a long ball knocked forward, and maybe we hadn’t dealt with it as well as we’d like to. “But then you see the replay and you understand why, because I thought the lad Bolasie has got his foot up high, and that is what has taken Asmir’s eye and why he has missed the ball. “The referee deems it a penalty, but in my view it was a free-kick the other way for dangerous play. “That was the key moment and those are the big decisions you want referees to get (right). Andre Marriner missed a lot of things today I felt.” Hughes was also aggrieved about an incident midway through the second period – by which point Stoke were trailing to Wilfried Zaha’s goal in first-half stoppage-time – when a Diouf shot in the area struck the arms of Palace defender Joel Ward, with play being allowed to continue. Hughes said: “It was clear – arguably it was the best save of the match! “(Palace goalkeeper Julian) Speroni has done great, but that was a full-length save (by Ward) and he has two hands on it, for goodness sake. How he (Marriner) doesn’t give that penalty is beyond me.” last_img read more

Russia Increases World Cup Budget

first_imgRussia has increased the budget for the 2018 World Cup by $600 million, according to a decree published on the government’s official site on Monday.The decree said that the overall cost for the preparations for the tournament will rise by 5.4 per cent – from 643.5 billion rubles to 678 billion rubles.Russia’s federal budget will allocate 390 billion rubles, while 91.9 billion rubles will come from the regional budget. The rest will come from companies and sponsors named as “legal entities” in the decree.Russia already increased the World Cup budget in May by 4.7 billion rubles after slashing it by 30 billion rubles in June 2015 in the wake of the economic crisis.The competition will be played in 12 stadiums in 11 cities from June 14 to July 15 next year.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

4-star power forward Lydon becomes Syracuse’s first Class of 2015 commit

first_imgFour-star power forward Tyler Lydon verbally committed to Syracuse on Thursday, he announced via Twitter.Just committed to Syracuse!! #Blessed #Thankful #OrangeNation— Tyler Lydon (@Tyler_Lydon14) October 17, 2013 Published on October 17, 2013 at 9:40 pm Contact Stephen: sebail01@syr.edu | @Stephen_Bailey1 Facebook Twitter Google+center_img Lydon, a 6-foot-8.5, 185-pound New Hampton, N.H., native, becomes the first commit in the Orange’s Class of 2015. He chose Syracuse over Florida, Boston College, Maryland and others, according to Scout.com.AdvertisementThis is placeholder textLydon is ranked the 18th-best power forward in the nation. Commentslast_img

Jorge Masvidal glad to see Colby Covington’s jaw break, vows to ‘baptize’ Conor McGregor

first_img FOLLOW US Written By LIVE TV COMMENT First Published: 22nd December, 2019 18:05 IST Last Updated: 22nd December, 2019 18:05 IST Jorge Masvidal Glad To See Colby Covington’s Jaw Break, Vows To ‘baptize’ Conor McGregor Jorge Masvidal is glad that arch-rival Colby Covington got his jaw broken by Kamaru Usman and added that he will baptize Conor McGregor next. Watch the video. Danish Ansari SUBSCRIBE TO US While there is still no official word on who will be Jorge Masvidal’s next opponent, Conor McGregor will make his long-awaited return to the cage on January 18, 2020 as the UFC 246 headliner against Donald Cerrone in a welterweight bout at Las Vegas.Also Read | UFC: Dana White Confirms That Conor McGregor Wants To Fight Jorge Masvidal At 170 Lbs WATCH US LIVE Christmas came early for UFC’s BMF champion Jorge Masvidal as former friend-turned-foe Colby Covington got beaten, battered and bruised at the hands of ‘The Nigerian Nightmare’ Kamaru Usman at the main event of UFC 245. In an interview with Jim Rome, Masvidal stated that even though he personally wanted to hurt Colby Covington, he is still happy that the outspoken one got his jaw broken because he feels Colby Covington deserved it.Also Read | Conor McGregor Reacts To Kamaru Usman’s Title Defense Against Colby Covington At UFC 245It was just over a year ago that Jorge Masvidal cornered his longtime friend and training partner Colby Covington in his fight against Rafael Dos Anjos at UFC 225 for the interim title. Since then, the two have had bad blood with Masvidal dishing out some heavy dirt on Colby Covington for allegedly robbing their coach. Both sides have been trading vicious insults and taunts.Also Read | Colby Covington Blasts Referee Marc Goddard For Loss To Kamaru Usman At UFC 245UFC News: What is next for Jorge Masvidal?Jorge Masvidal recently confirmed that he has his sights set on the reigning UFC welterweight champion Kamaru Usman but before he goes for the title, he wants to ‘baptize’ Conor McGregor. He stated that he had a long journey spanning over 16 years. Masvidal added that he wishes to be rewarded handsomely in the sport so the fight that gets the biggest zeroes attached to it could be the fight that he takes. He further stated that what the world is looking for at the moment is for Conor McGregor to suffer and get chastised for some of the things that he has done in public. He guaranteed that everyone will feel sorry for him after that fight happens. Jorge Masvidal further added that the fans will forgive him after the fight and that his baptisms are going to be a little extra for McGregor. Also Read | With Eyes On Big Fights, Jorge Masvidal To Gun For Nick Diaz And Conor McGregor?Jorge Masvidal’s latest interviewlast_img read more