EU Gives Green Light to StenaHyundai Glovis JV

first_imgzoomImage Courtesy: Stena Line The European Commission has approved the creation of a joint venture by Swedish Stena Rederi, part of Stena AB, and German Glovis Europe, which is controlled by South Korean Hyundai Glovis.As informed, the joint venture will mainly operate short-sea transport services on pure car and truck carrier (PCTC) vessels in Europe.“The commission concluded that the proposed acquisition would raise no competition concerns, because of the limited activities of the joint venture and the absence of horizontal overlap or vertical relationship between its activities and those of its parent companies in the European Economic Area,” the European Commission said after examining the transaction.Stena Rederi supports the shipping activities of its parent company Stena by providing shipbuilding, crewing and technical services.Glovis Europe provides logistics services for finished vehicles and parts and supports the global deep-sea activities of its parent company Hyundai Glovis, an integrated global logistics and distribution company.last_img read more

Kashmir is Pakistans jugular vein PM Imran

first_imgIslamabad: Kashmir is Pakistan’s “jugular vein” and India’s decision to alter its special status poses challenges to the country’s security and integrity, Prime Minister Imran Khan said on Friday. Prime Minister Khan in his message on Pakistan’s Defence and Martyrs Day said his government has launched a proactive diplomatic campaign in the world capitals and at the United Nations to apprise the world community about Kashmir after India revoked Jammu and Kashmir’s special status on August 5. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from USPakistan observes September 6 as the Defence and Martyrs Day to mark the anniversary of the 1965 war with India. “For Pakistan, Kashmir stands as its jugular vein. Altering its status poses challenges to Pakistan’s security and integrity,” Khan said. “I have also urged upon the international community to seriously consider the safety and security of India’s nuclear arsenal… this is an issue that impacts not just the South Asian region but the whole world,” he said. Also Read – Record number of 35 candidates in fray for SL Presidential pollsThe prime minister said the world community will be responsible for the “catastrophic aftermath” if it fails to pay attention to India’s nuclear arsenal. “I have informed the world that Pakistan does not want war, but at the same time, Pakistan cannot remain oblivious to the challenges posed to its security and integrity,” Khan said. Tensions between India and Pakistan have spiked after New Delhi withdrew Jammu and Kashmir’s special status and bifurcated it into two union territories on August 5. Asserting that abrogation of Article 370 was its internal matter, India has strongly criticised Pakistan for making “irresponsible statements” and provocative anti-India rhetoric over issues internal to it. Pakistan Army chief Gen. Qamar Javed Bajwa who addressed the main ceremony at the General Headquarters in Rawalpindi said Kashmir was the “unfulfilled agenda” of the completion of Pakistan. “I want to make it clear that Kashmir is the unfulfilled agenda of the completion of Pakistan. It will remain so until it is a resolved according to the UN resolutions,” he said. Bajwa said Pakistan had won its battle against terrorism and was now fighting to end poverty and backwardness. “Today there is a better environment of peace in Pakistan and the country gives the message of peace and security to the world,” he said. “Pakistan has fulfilled its responsibilities in the war on terrorism and now responsibility rests with the world community to full its responsibility and reject all forms of terrorism and extremism. Our fight now is against poverty, unemployment and economic backwardness after successfully confronting the menace of terrorism,” he said.last_img read more

Wall Street selloff resumes accelerates

first_imgFear about the effects of rising interest rates hit Wall Street hard today.The Dow Jones Industrial Average fell 1,033 points or 4.2 per cent to 23,860.The benchmark S&P 500 Index dropped 101 points of 3.8 per cent to 2,581, its lowest since November. Canadian stocks lost about half a much, with the S&P/TSX Composite dropping 265 points or 1.7 per cent.More to comelast_img

Key takeaways from the new USMexicoCanada Agreement

first_imgOTTAWA – After more than a year of talks, Canada finalized a revamped free-trade deal with the United States and Mexico. The new deal, dubbed the U.S.-Mexico-Canada Agreement, or USMCA, will replace the North American Free Trade Agreement. Here are some key elements of the new deal:GETTING MILKED: Trump frequently railed against Canada’s dairy industry throughout the trade talks, calling it unfair to the United States. The new deal grants the U.S. access to 3.6 per cent of the Canadian dairy market, a move roundly criticized by domestic dairy farmers. The access given to the U.S. is slightly more than the 3.25 per cent conceded in the Trans-Pacific Partnership trade deal with Pacific Rim countries. Aside from new quotas on American ice cream, there will also be increases in access for American poultry and eggs, in exchange for greater access south for Canadian peanuts and sugar.TARIFFS AND TAUNTS: Trump joked that the deal wouldn’t have been made without tariffs, specifically on Canadian-made steel and aluminum, which prompted tit-for-tat retaliatory tariffs from Canada on a number of U.S. goods. And as negotiations dragged on, Trump threatened to slap Canada’s auto industry with significant tariffs — a threat apparently now dodged. The deal says the first 2.6 million Canadian autos exported to the U.S. will be exempted from tariffs, a figure well above the current export rate of 1.8 million. But the steel tariffs remain in place and Trump has given no indication when he might lift them.ATTENTION SHOPPERS: The trade deal raises the threshold for duty-free purchases online from American retailers. When the deal takes effect, shoppers won’t pay duties until their online purchase is worth more than $150 — a significant bump from the current threshold of $20. But there’s more: Language in the agreement no longer requires companies — such as Google or Microsoft, for example — to put a data centre in Canada in order to do business here, meaning Canadians’ information could be housed south of the border and subject to American laws.INTELLECTUAL PROPERTY: The rules around copyright and intellectual property are set to change. On copyright, the length of time after a creator’s death that they maintain rights will move to 70 years from 50. On pharmaceuticals, new biologics — drugs made from natural sources — will be copyright protected for 10 years, up from the current eight, an extension that analysts believe will benefit U.S. companies over Canadian firms and delay when Canadian patients can access cheaper, generic versions of drugs.RESOLVING QUARRELS: Two of Ottawa’s key sticking points throughout the talks involved holding on to dispute-resolution tools and decades-old cultural exemptions that leave Canada in control of its own media content, from broadcasting to publishing to music. The USMCA preserves what was known as Chapter 19, which allows independent panels to resolve disputes over tariffs and duties, as well as Chapter 20, the government-to-government dispute-settlement mechanism. Chapter 11, which allows companies to sue governments over perceived mistreatment, has been dumped.TURNOVER ON DOWNS: The National Football League and Bell Media lost their 2017 legal challenges to sack a CRTC decision that banned the long-time practice of Canadian advertisers inserting their ads into Super Bowl broadcasts over the more popular American ones. They now appear to have a win. The University of Ottawa’s Michael Geist points out on his blog that wording in the new trade deal would see Canada “rescind the CRTC policy with a requirement that all programs be treated equally.” Result? American ads could be punted from Canadian airwaves during the big game. It was one of many cultural issues in the deal, but the language around a decades-old cultural exemption remains in place, leaving Canada in control of its own media content, from broadcasting to publishing to music.INDIGENOUS RIGHTS: The Liberals pushed inclusion of a new chapter on Indigenous rights in the trade deal. In the end, the chapter turned into provisions sprinkled through the text, including one allowing governments to enact measures needed to meet their legal obligations to Indigenous Peoples. Similarly, a gender chapter didn’t materialize as originally envisioned.TRADING PLACES: There is also language in the deal that requires any of the three partners to notify the others when they start or finish trade agreement talks with a non-market economy — like China — and gives the other partners a say in the text of that deal. While this language is new, the list of professions that can more easily enter another partner country on a temporary basis hasn’t been updated to include, for instance, many tech jobs.last_img read more

The Latest White House hosts tech execs Thursday

first_imgWASHINGTON — The Latest on a White House tech meeting (all times local):11:20 a.m.The White House is hosting what it calls a listening session to hear from tech leaders including the CEOs of Google, Microsoft, IBM, Oracle and Qualcomm.The Thursday lunch meeting will address efforts to advance American leadership in artificial intelligence, wireless technology and quantum computing and how that will affect jobs and the economy.The gathering comes amid strained tensions between President Donald Trump and the tech industry over the U.S.-China trade war and other topics. The president isn’t likely to attend but his daughter and adviser, Ivanka Trump, is organizing it.Google CEO Sundar Pichai, Microsoft CEO Satya Nadella, IBM CEO Gini Rometty, Oracle co-CEO Safra Catz and Qualcomm CEO Steven Mollenkopf are among the expected attendees.Also attending are former Secretary of State Henry Kissinger and academic leaders.___12:05 a.m.Top executives from Google, Microsoft, IBM, Oracle and Qualcomm are planning to meet at the White House amid strained ties between President Donald Trump’s administration and the tech industry.The White House says the Thursday meeting will address efforts to advance American leadership in innovation and how that will affect jobs and the economy.Google CEO Sundar Pichai, Microsoft CEO Satya Nadella, IBM CEO Ginni Rometty, Oracle co-CEO Safra Catz and Qualcomm CEO Steven Mollenkopf are among the expected attendees.It’s not clear if Trump is also attending. Some of Trump’s policies on trade and immigration have antagonized the tech industry.The president’s daughter and adviser, Ivanka Trump, is attending a separate business gathering in Washington on Thursday that includes the CEOs of IBM, JPMorgan Chase, Walmart, Boeing and AT&T.The Associated Presslast_img read more

Margaret Ma Murray community school wins additional money from the Indigo Adopt

first_imgFORT ST. JOHN B.C. – Margaret Ma wins a place amongst four other B.C. schools for having a most loved story which was chosen from a draw, garnering the school an additional $500 to purchase more books.The results are in for 2018 Adopt a school program, an annual fundraiser to help high-needs elementary schools raise funds for their libraries to help improve childhood literacy.When you donate to a school during the Adopt a School program, every dollar you donate goes directly to the school of your choice. All participating schools get a 30 percent discount on books from Indigo, Chapters and Coles. During the fundraiser, schools are set up with a free online platform where supporters can donate directly. Margaret Ma surpassed their goal of seeking 340 books receiving 363 books, and in addition to the reward of achieving their book goal, the school won runner-up for the most loved story contest. This means five of the most voted for stories from the website were entered into a draw. The top story won $2500 in Indigo gift cards, and the four remaining runners-up received $500 in Indigo gift cards.Indigo Adopt a School program is an annual fall fundraising campaign that has been created by the Indigo love of reading Foundation established in 2004 by the Canadian company. Since the inception of the program, $1.1 Million books for over 600 high needs elementary schools have been donated.For a direct link to Margaret Ma’s online profile see HERElast_img read more

CongressAAP alliance is insult to Sikhs RP Singh

first_imgNew Delhi: The BJP National Secretary RP Singh at a presser on Wednesday accused the Aam Aadmi Party of having double standards, saying that the party is betraying the Sikh community by choosing to ally with Congress. Singh said that whileon the one hand, AAP had promised justice for Sikhs by jailing people responsible for the 1984 massacre, it seems to hell-bent on going ahead with the Congress alliance on the other hand. Singh said that despite having over 90 per cent seats in the Delhi Assembly, the AAP wants to ally with Congress, which doesn’t have even have a single MLA. He added that Arvind Kejriwal’s party had in 2015 claimed in its “Delhi Dialogue” that senior Congress leader might have been involved in the 1984 riots. “Today, Kejriwal meets Sheila Dikshit and takes photographs with her. She is the person against whom he had claimed to have charges of corruption running 370 pages and also talked about sending her to jail,” he said. Singh claimed that despite promising action against Congress leaders involved in the 1984 anti-Sikh riots in their manifesto, investigation in the cases has hit hurdles. He claimed that witnesses weren’t being deposed properly and that victims of the violent riots are still living in dilapidated buildings in colonies like Tilak Nagar with no access to education, healthcare, or employment. “Today we want to ask them where are those employment opportunities which were to be offered to the victims,” Singh, who was joined by Delhi BJP Vice-President Rajiv Babbar said. Singh further claimed that AAP MLAs had withdrawn a resolution to revoke Rajiv Gandhi’s Bharat Ratna after pressure from Congress leaders. “At that moment the people of Delhi understood that there is connivance between Congress & Aam Aadmi Party,” he said. Singh said, “Aam Aadmi Party’s Head Arvind Kejriwal is adding insult to injury of the Sikhs by trying to form an alliance with the Congress.” In addition to this, Babbar said that Narendra Modi after becoming Prime Minister had formed a Special Investigation Team for an impartial probe into the cases related to the 1984 violence. He claimed that the probe has resulted in the life imprisonment of a former Congress MP and that another leader is absconding. But Babbar said this goes to show that the Modi-led government is determined about fulfilling its promises to the Sikh community.last_img read more

All members should abide by UN sanctions committees decision on Azhar UN

first_imgUnited Nations: UN Secretary-General Antonio Guterres has expressed hope that all member states will abide by the decision of the sanctions committee of the world body which imposed an arms embargo, asset freeze and travel ban on Pakistan-based JeM chief Masood Azhar. The UN sanctions committee on the Islamic State and Al-Qaeda on Wednesday announced the designation of Azhar, leader of Jaish-e-Mohammed (JeM), over its ties to Al-Qaeda. The JeM has claimed responsibility for the Pulwama suicide attack that killed 40 CRPF soldiers and led to a spike in military tensions between India and Pakistan. Also Read – Saudi Crown Prince Salman ‘snubbed’ Pak PM Imran, recalled his private jet from US: Report In response to a question on Guterres’ reaction, his spokesman said: “This is the work of a well-established mechanism through the Sanctions Committee of the Security Council. It is a big part of the United Nations work in the fight against terrorism”. “It’s always good when all member states of the security council agree on something. We would of course hope that all member states abide by those decisions,” he said. The United Nations designated Azhar as a “global terrorist” after China lifted its hold on a proposal to blacklist him. The US, France along with the UK had moved the proposal to designate Azhar as a “global terrorist” in the UN Security Council’s 1267 Al-Qaeda Sanctions Committee in February. A Security Council member said that Germany, Belgium and Poland also co-sponsored the proposal, adding that there has been new unity and these three delegations also supported the proposal to list Azhar.last_img read more

How Derrick Rose Drills His Ugly Midrange Jumpers

For everything Derrick Rose has accomplished in his decorated NBA career — No. 1 overall draft pick, three-time All-Star, youngest player to ever win league MVP — no one would ever accuse him of being a good 3-point shooter. After shooting 28 percent from deep two years ago and 29 percent last year, Rose is hitting just 22 percent1The league-average mark this season is 36 percent. of his shots from 3-point range this season, the third-worst mark in the league among the 267 players who’ve attempted at least 50 3-pointers so far.But for all his struggles from three, something extraordinary happens when Rose steps just inside the arc: The New York Knicks guard somehow manages to hit midrange jumpers at an above-average clip despite shooting line-drive bullets that barely make it over the rim. Sometimes the ends excuse the means.When an average NBA player shoots from 15 feet or more, his shot arc peaks at 15.1 feet. Rose is not average. His shots from that distance peak at just 14 feet, the lowest average shot arc of any NBA guard or small forward, according to a query run by SportVU data analyst Brittni Donaldson at FiveThirtyEight’s request.This shouldn’t work out for him. Research shows that loftier arcs improve a shot’s chances of finding the bottom of the net. “I’ve always felt you had to be even more accurate than normal to be able to make a shot when you’re using a low arc like that,” says Jeff Hornacek, Rose’s coach with the Knicks, and one of the league’s best shooters during his playing days.Yet Rose, with almost no arc whatsoever, hits better than 45 percent of his 2-pointers from outside 15 feet, according to NBA.com. For context, the rest of the NBA has shot 40.5 percent from that range this year, according to ESPN Stats & Information Group.Video Playerhttps://fivethirtyeight.com/wp-content/uploads/2017/03/rosemake.mp400:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Video Playerhttps://fivethirtyeight.com/wp-content/uploads/2017/03/roseagain.mp400:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.“I’ve tried practicing [my shot] with more arc. But this is just more comfortable. I really can’t describe [why],” Rose told me after shooting 6-for-6 on long 2-pointers in a loss to Milwaukee Wednesday night. “I’ve been a midrange player my entire life. [I] have never really been a 3-point shooter.” The emergence of a solid midrange jumper, combined with his lengthy injury history, will make the 28-year-old an intriguing free agent this coming summer.Still, none of this is meant to suggest that Rose — who, for a long time, was talented and athletic enough to get by without being able to shoot jumpers — is on the cusp of morphing into Steph Curry.2Rose himself seems to accept this fact. Threes have accounted for just 7 percent of his shots this season, down from 14 percent last season and almost 33 percent in 2014-15. His shooting form can occasionally go awry as he lunges with his upper half instead of connecting his entire body through one fluid motion. And Rose sometimes doesn’t let go of the ball until he’s on the way back down,3NBA 2K players likely know this problem all too well thanks to the game’s shot meter. limiting the arc he can get on a given shot. “With Derrick, I always emphasize finishing at 11 o’clock instead of 9 o’clock, which means releasing at the peak of his jump instead of doing it on the way down,” says trainer Rob McClanaghan, who has worked with Rose since he was 18.Video Playerhttps://fivethirtyeight.com/wp-content/uploads/2017/03/roselaterelease1.mp400:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.To compensate for his lower delivery, Rose goes for bank shots more often than his peers do. Rose began using bank shots far more often last season, saying they helped him deal with the blurred vision and lack of depth perception he experienced after breaking his orbital bone during training camp. He ranked second in in the league in bank-shot frequency last season,4Among players with at least 30 such attempts. when he took 76 shots off the glass. And while that number is down this season (24 attempts), banked shots still account for almost 6 percent of his jumpers.Video Playerhttps://fivethirtyeight.com/wp-content/uploads/2017/03/roselinedriveshot3.mp400:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Video Playerhttps://fivethirtyeight.com/wp-content/uploads/2017/03/roselinedrive1.mp400:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.Using the glass allows players to aim a bit lower than they otherwise would for a jumper. And it’s likely not a coincidence that Rose’s shot-arc numbers (14 feet this season and 14.2 last season) are nearly identical to those of ex-Spurs great Tim Duncan (13.9 feet in 2015-16 and 14.2 in 2014-15, per SportVU), who perennially took a greater share of bank shots than any other player during his time in the league, according to NBA Savant, a site tracks and compiles the specific types of shots each player takes.So while Rose may not be a good perimeter shooter in a traditional sense, he’s actually become pretty solid in another regard. We simply don’t notice because his technique doesn’t look like it should work.Check out our latest NBA predictions. read more

Experts differ on Buckeyes chances at BCS bowl berth

Following Saturday’s 38-14 win over Penn State, No. 9 Ohio State was stagnant in the BCS ranks, along with the rest of the top 10. But that doesn’t mean things didn’t change. Rece Davis of ESPN is a strong believer of the same “chaos” theory that brought the Buckeyes to the national title game in 2007. He thinks it could happen again, and the first step was Utah falling to Notre Dame 28-3 last Saturday. TCU, ranked No. 3 in the BCS, beat Utah 47-7 one week earlier. “I think that people have re-evaluated TCU’s resume,” Davis said in a phone interview with The Lantern. “So what that’s done, I think, is it’s opened the door for some of the one-loss teams. “It’s not a high percentage of a chance, but I think there is a chance. Should (TCU and No. 4 Boise State) lose, then you have complete and utter chaos that would be in line with what happened in 2007.” That year, a series of upsets propelled OSU from No. 7 in the BCS to No. 1 in a span of three weeks. For Davis’ theory to come to fruition, three of the four remaining undefeated teams — Oregon, Auburn, TCU and Boise State — would likely have to lose. OSU would have to win impressively this weekend in Iowa, and Wisconsin would have to falter in one of its two final games against Northwestern or Michigan. It would then be up to the BCS to jump the Buckeyes ahead of No. 5 LSU, No. 6 Stanford and No. 8 Nebraska. Davis said he would give the Buckeyes the nod over other one-loss teams because they had been ranked No. 1 before losing to Wisconsin. He said he expects No. 2 Auburn to struggle with Alabama and then South Carolina in the SEC Championship game. He also said Oregon State could give Oregon a run for its money in the annual “Civil War” game, and said a Boise State loss to No. 18 Nevada is a “possibility.” Jerry Palm of CBS Sports said the only way the Buckeyes would go to the National Championship game is if every team ahead of them lost. “I never really thought Ohio State was going to get a lot of juice from (beating) Iowa anyway,” he said. “But giving (the Hawkeyes) their fourth loss instead of their third loss diminishes that,” he said, referring to Iowa’s third loss of the season last week, which came against Northwestern. In his weekly bowl projections, Palm has OSU playing in the Capital One Bowl, Michigan State playing in the Rose Bowl and Wisconsin playing in the Sugar Bowl. If the Buckeyes win the rest of their games, they are guaranteed at least a share of the Big Ten Title — an honor that could help their case for a BCS game. Coach Jim Tressel doesn’t quite buy into what goes into the BCS’ evaluation of teams. “If style points are important with what we have ahead, we’re in trouble, because there’s not going to be much style going into the ball game we’re getting ready to play,” Tressel said of Saturday’s game in Iowa City. Another bizarre twist to the Big Ten race this year is that OSU and Michigan State do not play each other. “Typically, if you miss Ohio State on your schedule, you’ll be jumping up and down,” Davis said. “Preseason, I’m sure Michigan State said, ‘Well, OK, we missed the Buckeyes.’ Now the shoe is on the other foot for both teams. They sort of needed each other and they’re not playing.” Davis said he expects the Sugar Bowl to be “all over Ohio State” if the Buckeyes win out and do not earn a spot in the Rose Bowl. read more