Woman with coronavirus gives birth to healthy baby in Greece

first_imgA woman who tested positive for coronavirus gave birth to a healthy baby at an Athens hospital, Greek media reported on Thursday.The 24-year-old woman and her partner had both tested positive before the delivery on Wednesday, but the first test on the baby came back negative for COVID-19.”The virus is not transmitted by the placenta,” the director of maternity at Attikon Hospital told Greek national broadcaster ERT. The hospital had prepared for the birth by installing a confined area in the ward and the doctors all wore three pairs of gloves, protective glasses and masks to perform the caesarean section.”It was a unique experience,” an obstetrician told ERT.The mother must remain in isolation for the next 14 days and will only be able to hold her baby at the end of that period.Topics :last_img read more

Emiliano Martinez insists Instagram account hacked after Arsenal stopper ‘likes’ Unai Emery out post

first_imgAdvertisement Coral BarryThursday 14 Nov 2019 11:49 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link349Shares Advertisement Emiliano Martinez insists Instagram account hacked after Arsenal stopper ‘likes’ Unai Emery out post Comment Emery is under increasing pressure at Arsenal (Picture: Getty)Arsenal has been rife with controversy in recent weeks, with Emery under pressure to turn results around and Granit Xhaka being stripped as captain.AdvertisementAdvertisementAlexandre Lacazette was caught out liking posts calling for Emery to be axed, but he then retracted his actions and has since defended the under-fire Emery.‘We’re working together every day on a constant basis to pick up the slack,’ Lacazette said this week.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘The group definitely supports the coach and I’m sure the club does as well. We’re a very tight group and we’re doing everything we can to improve.‘His best quality is that he’s really passionate. Every day at training he’s always really happy to be there and to work with us, to teach us and his staff things.’MORE: Chelsea’s Tammy Abraham names former Arsenal and Man Utd players as his football role models Martinez was caught liking a post slamming Emery (Picture: Getty)Emiliano Martinez has denied he liked a social media post calling for Unai Emery’s sacking by insisting his Instagram account was hacked.The Arsenal reserve goalkeeper raised eyebrows on Thursday when it emerged he had ‘liked’ a post that called for Emery to be axed as Arsenal coach.Martinez is not the first Arsenal player who’s social media activity has sparked controversy among fans, but the Argentina international explained he has not been in control of his Instagram account for the past 24 hours.He said in a video: ‘Hi everyone, someone hacked my account over the past 24 hours but I’m back now.’ADVERTISEMENTlast_img read more

Chart of the Week: China bond inflows to hit $500bn as market opens up

first_imgJoseph Mariathasan: Accessing China’s bond markets Despite China now being a main contributor to global trade and product integration, financial sector integration has been limited and China’s financial system, despite its size, also remains largely bank-based‘Too big to ignore’: The rise of China’s $12trn bond market Australian asset manager QIC Investment Management hails “excellent” prospects for growth, encouraged by the willingness of China’s national government to increase fiscal spending to offset any slowdown in private and local government investment Standard & Poor’s (S&P) economists expect cumulative inflows into China’s bond market to hit $500bn (€445bn) “in the next few years” as it opens up to overseas investors.Inflows hit $300bn earlier this year, three times the level in 2015. This figure was almost zero just 10 years ago, according to a new report from the credit rating agency. The Bloomberg Barclays Global Aggregate index – one of the most tracked fixed income indices in the world – added onshore Chinese bonds for the first time from 1 April.“If China’s weight rises to 6% by 2021, as envisaged, this would imply inflows of $150bn,” wrote the S&P economists. “Other index providers are likely to follow suit, including FTSE Russell’s World Government Bond index, tracked by an estimated $2trn-$4trn of assets.”“Getting ahead of this dynamic and incorporating it into financial decision making will make a substantial difference to performance”Shaun Roache, Vincent Conti and Vishrut Rana, S&PThe authors said the size of China’s bond market and its gradual inclusion in mainstream indices could act as “a gravitational pull for foreign investors” that could increase China’s influence globally.“As the share of foreign investors in China’s bond market rises, even a small change in the positioning of global fixed income managers in China could have large effects on bond yields and financial conditions across the rest of Asia Pacific,” they said. “Such changes could include expectations of a monetary policy shift.“This new reality could change the region’s financial and credit cycle and, in turn, will affect real business cycles. We think getting ahead of this dynamic and incorporating it into financial decision making will make a substantial difference to performance.“The US will remain the big beast but the dragon cannot be ignored… A new chapter has already begun.”Further readingcenter_img However, hitting half a trillion dollars by 2021 would still only account for 5% of China’s total bond market by today’s valuations, wrote S&P economists Shaun Roache, Vincent Conti and Vishrut Rana.last_img read more

UK roundup: Steering group appointed to lead pensions dashboard work

first_imgThe members of the steering group include representatives of the actuarial sector, consumer groups, industry bodies and fintech companies. The full list is: The UK’s Money and Pensions Service (MPS) has appointed a 10-strong steering group to lead its work to develop a pensions dashboard.Among the appointments are Yvonne Braun, director of policy, long-term savings and protection at the Association of British Insurers (ABI) – which has been developing a prototype dashboard – and Nigel Peaple, director of policy and research at the Pensions and Lifetime Savings Association (PLSA).The MPS said: “Pensions dashboards will ensure people throughout the UK have easy online access to key information about what pensions they have, who manages them and what they are worth in one place, revolutionising how people engage with their pensions throughout their lives.”The steering group has been set up to support the work of a separate industry delivery group within the MPS, led by Pensions Policy Institute director Chris Curry. Yvonne Braun, ABIDominic LindleyYvonne Braun, ABIFrancis Goss, chief commercial officer, AHCPaddy Greene, head of money and consumer rights, Which?Kim Gubler, chair, Pensions Administration Standards AssociationDominic Lindley, independent consultant and author of a recent report on the dashboard conceptWill Lovegrove, independent consultant and co-founder of data platform PensionsyncAndrew Lowe, change and data solutions director, Institute and Faculty of ActuariesNigel Peaple, PLSARomi Savova, CEO, PensionBeeSamantha Seaton, CEO, MoneyhubChris Curry will chair the group, the MPS said.“The formation of the steering group signals another important step forward in this project,” Curry said. “Over the coming months, we will also be forming working groups to work alongside the steering group, where subject matter experts will provide input into the design of the service.”Further readingPension dashboard requires compulsion, UK providers sayIndustry to foot bill as UK sets out plan for pension dashboardsUK DC funds ‘missing out on returns’, claims British Business BankDefined contribution (DC) pension schemes risk missing out on higher returns through failing to invest in high-growth, innovative domestic companies, according to a report from the British Business Bank.The report – titled ‘The Future of Defined Contribution Pensions’ and conducted with consultancy firm Oliver Wyman – claimed that an “average” 22-year old could increase their retirement savings by 7-12% with a “small” allocation to venture capital and growth equity strategies.center_img The British Business Bank claims savers could increase their investment gains through exposure to venture capitalThe British Business Bank, a state-owned development bank set up in 2014, said regulatory and operational hurdles for DC funds seeking to invest in venture capital and other illiquid assets could be overcome.It called for changes to investment management strategies to allow for more efficient deployment of capital, as well as co-investment and direct investment opportunities to be made available to larger DC schemes. It also urged changes to regulations to make investment in unlisted assets easier for pension funds.Keith Morgan, CEO of the British Business Bank, said: “The aim of this study is to enable better long-term retirement outcomes for the UK’s defined contribution pension savers with a focus on commercial solutions that could be implemented in the private sector.“It is incumbent on defined contribution pension schemes to consider how to include investments in the UK’s fastest growing and most innovative companies.”Further readingAsset managers propose new fund structure for illiquid fundsUK government seeks to open up illiquid assets to DC fundsAA pension fund secures buy-in dealCar insurance specialist The AA has secured a buy-in for its £2.5bn (€2.8bn) defined benefit pension scheme with an unnamed insurer.The deal, announced in the company’s interim results statement yesterday, follows a £351m transaction backed by Canada Life and completed in August last year.The AA said the transaction secured the benefits of 1,790 pensioner members and was completed on 9 September. It formed part of a long-term de-risking strategy for the pension fund.The scheme, which has two sections, had an overall deficit of £203m as of 31 July 2019.AA’s defined benefit scheme assets and liabilities (£m)Chart Makerlast_img read more

COVID-19 fuelled unprecedented Spezialfonds flows – study

first_imgIt said it could only speculate as to the liquidity needs of a certain insurance segment, adding that liquidating Spezialfonds for performance or valuation reasons, with subsequent investments in alternatives outside the Spezialfonds wrapper, seemed most plausible.The situation normalised in May for both insurers and pension providers. The month saw net inflows of €457m.The consultancy’s study was of German insurer and pension provider assets from 2005-2019. It found that these grew from €1.6bn at the end of 2005 to €1.6bn, with funds the most popular investment form for both investor categories (39%).Pension providers represent the strongest growth segment in fund investments, with their fund holdings growing 398% over the study period. In absolute terms this represents an increase of €337bn, from €87bn at the end of 2005 to €421bn as at the end of December.The full study, in German, can be found here.To read the digital edition of IPE’s latest magazine click here. The outbreak of the coronavirus in Europe fuelled unprecedented cash flow activity in the German Spezialfonds market in April, with investors withdrawing net €4.5bn despite €24.1bn of fresh allocations, according to Kommalpha.This constellation of flows did not even arise at the height of the financial crisis, the consultancy said. In January 2008 there were net outflows of €6.5bn, but inflows amounted to a bit more than €10bn.“The coincidence of fresh money and net cash outflows in the magnitude witnessed in April is unprecedented and a dramatic dynamic in Spezialfonds share transactions,” said Clemens Schuerhoff, managing director of the consultancy.The activity was mainly driven by insurers, as opposed to pension providers, with the former accounting for €3.1bn of the net outflows and some €5.9bn of the fresh allocations to Spezialfonds. Pension institutions were behind €504m in net inflows after putting €3.3bn of fresh money in Spezialfonds, according to the consultancy’s analysis.last_img read more

HB Rentals Accommodation for Subsea Support Vessel

first_imgOffshore accommodation specialist HB Rentals has secured a rental contract worth in excess of seven figures for the supply of a modularised temporary living complex for 28 people on a subsea support vessel of a leading Danish offshore marine services provider.The project is for the supply of 14 two-person ABS approved accommodation modules from HB Rentals’ standard rental fleet, as well as additional auxiliary equipment including walkways, porches, stairs, sewage transfer pumps and electrical power distribution panels.The eight-month contract has the potential for further extensions and will see mobilisation from the company’s Aberdeen base, with installation and commissioning of the modules on board the vessel located offshore Esbjerg, Denmark.The contract builds on HB Rentals’ existing relationship with the offshore marine services provider, as it was previously awarded an on-going rental agreement for the supply of ABS approved accommodation modules on-board one of its sister vessels, in 2018.The modules will be linked and stacked over two levels to form an enclosed living quarter complex with a stand-alone fire detection system. All cabins are en-suite and include separate workstations and comfortable sitting areas.Norman Porter, managing director HB Rentals Limited, said: “We are delighted to have extended our relationship by being awarded this significant contract from a long established client. Despite the current challenging environment, we are seeing a steady demand from both local and international markets for our products.“We are continuing to diversify our business to meet changing customer requirements and our client’s confidence in us is testament that we are providing the offshore accommodation market with appropriate solutions.”last_img read more

Italy captain Sergio Parisse wins fitness battle before Ireland clash

first_imgSergio Parisse has won his fitness battle for Sunday’s crucial World Cup clash with Ireland. “I’ve played against him two or three times already and I’ve loved playing against him before. “We’ll relish the opportunity of playing against him again. “He is a fantastic player there’s no doubt about it, one of the world’s best number eights. “But there’s absolutely no reason why we shouldn’t be able to deal with him handily enough.” Italy team to face Ireland: L McLean, L Sarto, M Campagnaro, G Garcia, G Venditti, T Allan, E Gori, M Aguero, A Manici, L Cittadini, Q Geldenhuys, J Furno, F Minto, S Favaro, S Parisse (capt). Replacements: D Giazzon, M Rizzo, D Chistolini, A Zanni, M Bergamasco, G Palazzani, C Canna, T Benvenuti. Press Association Italy lock Quintin Geldenhuys backed Stade Francais’ highly-prized number eight to “run the show” against Joe Schmidt’s Ireland this weekend. “We need to him to exude all his usual influence against Ireland, in what will be an extremely tough match,” Geldenhuys told Press Association Sport. “He’s just always had a presence that marks him out from other players, his leadership really driving us on. “We need him to run the show for us against Ireland, and we all know he’s fully capable.” Hooker Leonardo Ghiraldini has failed to recover from a thigh injury, so is replaced in the front-row by Andrea Manici. Veteran and extrovert prop Martin Castrogiovanni is not involved either after struggling with an as-yet unconfirmed injury issue. Ireland are fully versed in Parisse’s all-encompassing threat, Joe Schmidt’s men expecting a sizeable shift in the Italian challenge thanks to the 32-year-old’s mere presence. “Parisse will be a massive boost for them but we’ll happily rise to the challenge,” said Ireland lock Iain Henderson. The talismanic captain has finally beaten the calf haematoma that kept him out of Italy’s opening two World Cup matches, against France and Canada. The Azzurri must beat double Six Nations champions Ireland to keep their slim quarter-final hopes alive, in Sunday’s Pool D battle at London’s Olympic Stadium. last_img read more

USC shows firepower against Oklahoma

first_imgAfter struggling to convert on scoring opportunities during the first weeks of the season, the No. 25 Women of Troy came away with their biggest scoring output of the season with a convincing 4-1 defeat over the Oklahoma Sooners Friday afternoon at McAlister Field.“[Our offense] is coming along and we put away the opportunities we created,” said USC coach Ali Khosroshahin.Freshman midfielder Autumn Altamirano gave the Women of Troy some momentum with USC’s first goal in the 39th minute of the first half.Control – Senior forward Alyssa Dàvila contributed a goal to USC’s 4-1 victory over Oklahoma to keep the team’s winning streak alive. – Aditya Tannu | Daily Trojan“I think the offense is clicking now, but we still can do a lot better,” Altamirano said.  “We can definitely pick it up and keep improving.”In the second half, the Women of Troy carried the momentum from Altamirano’s goal and created plenty scoring opportunities, continually putting pressure on the Oklahoma defense.Senior midfielder Alyssa Dávila started off the scoring in the second half after receiving a pass from Altamirano and driving a shot toward the right post and past the goalkeeper in the 57th minute.This gave the Women of Troy a two-goal cushion, but it wasn’t long before the offense struck again.Fifteen minutes later, senior forward/midfielder Megan Ohai placed the ball through the Oklahoma defense and found freshman forward/midfielder Elizabeth Eddy streaking down the right sideline. Eddy knocked in her first career collegiate goal in the 73rd minute.“We’re starting to finish our chances now, which is a great thing,” Eddy said.  “We’ve been [creating] a lot of opportunities lately and as long as we keep that up and keep working off the ball, we should be [fine].”Another freshman joined in to cap off the score for USC.  This time it was freshman midfielder Haley Boysen, who knocked in her second goal of the year off a pass from Eddy in the 75th minute to make it a 4-0 game.In what has become almost expected for the defense, the backline for the Women of Troy almost shut down another opponent, although Oklahoma managed to score in the 83rd minute to end USC’s hopes of another shutout.Led by senior defender Karter Haug, the defense has allowed only two goals in its last five contests, posting three shutouts in that span as well.“[Freshman goalkeeper] Shelby [Church] has done a great job, but you’ve got a backline that is playing really well and keeping the [opponent’s] opportunities to a minimum,” Khosroshahin said.last_img read more

European Games continue in Baku.

first_imgChloe Aboud has been beaten in the preliminary round of the women’s taekwondo at the 67kg weight division, losing 14-6 to Swede Elin Johansson.Wrestling has also provided an early-morning Irish defeat with Alexander Dolly being beaten 4-0 in the 86kg freestyle by Taimuraz Friev Naskidaeva of Spain. Lightweight boxer Sean McComb has won his bout this morning and will be back in the ring on Saturday.Caroline Ryan has finished 15th for Ireland in cycling’s individual time trial on Day Six of the European Games in Baku.Ryan’s time of 35 minutes 29 seconds was three minutes down on race winner Ellen van Dijk of the Netherlands.last_img read more

Caribbean Cinema group appeals court ruling

first_imgMega Plex Entertainment, which operates Caribbean Cinemas across the Eastern Caribbean, has filed an appeal against a High Court ruling that favored the Eastern Caribbean Collective Organization for Music Rights, (ECCO). Users of music urged to get licenses Mega Plex appeals ruling In a statement, Caribbean Cinemas said it is determined to ensure that the Law of Copyright that’s applied in St. Lucia, allows for a collective society to operate within the established boundaries of the law. Following the High Court ruling on July 25, ECCO’s Legal Counsel, Thaddeus Antoine, said “the cinema airs movies. In airing these movies there’s music within the movies. The music within the movies is owned by people and the people who own that music are persons represented by ECCO.” ECCO Chairman, Shayne Ross urged all users of music to obtain a license from the organization. But on Tuesday, Mega Plex filed its appeal against the judgment in favor of ECCO, to claim damages as a non-exclusive licensee of several copyright organizations.center_img “Caribbean Cinemas therefore looks forward to the consideration of its Appeal. It wishes to assure the public that it is committed to the legal process that will finally determine this issue,” the statement said. Cinema infringed copyrights Last month, ECCO won a landmark case against Mega Plex in the civil suit for copyright infringement and asked the court for damages. “We are not just going after people, what we are aiming to do is to secure the rights for the creators of music because if those rights are not secured, then really and truly the business that we as creators are involved in it makes it not worthwhile for us,” Ross said. Justice Godfrey Smith ruled the cinema was liable for infringing the rights of ECCO’s members. A second hearing was scheduled to have addressed the matter of an assessment of damages.last_img read more