Category: kaicmtlcfglu

German insurer buys €1.8bn Pensionskasse in ‘run-off’ deal

first_img“We are aware of the importance of occupational pensions for employees of the Cofra group, especially those of C&A and we will take on this responsibility unreservedly,” said Bernd Neumann, the insurer’s chief financial officer.No statement was made by C&A or Prudentia on the deal, which is still subject to approval by German supervisor BaFin.The sale of the Pensionskasse could be connected to rumours about a possible sale of C&A by Cofra, which has been reported in the German press.Frankfurt Leben is owned by Chinese finance group Fosun and is one of several run-off platforms to have started operating in the German market over the past two years.Life insurance companies and German Pensionskassen alike are struggling with the current low-interest rate scenario, which has challenged their ability to keep promises made in different market environments.By selling businesses to run-off platforms, companies can take some liabilities off their balance sheet. Experts have also argued that pension plans with falling memberships can benefit from pooling together on such platforms.Read more about run-off deals in Germany in the April issue of IPE. The Cofra Group, owner of fashion company C&A, has sold its German Pensionskasse to Frankfurter Leben-Gruppe (Frankfurt Leben).In total, €1.8bn in assets run for C&A’s 50,000 current and former employees in Germany were transferred to the run-off platform.The sale of Prudentia PK follows Frankfurt Leben’s purchase of AXA’s €3bn multi-employer Pensionskasse Pro bAV in February. The insurer now runs roughly €10bn of pensions and insurance assets.Frankfurt Leben, which specialises in running closed asset pools, said it would continue to run C&A’s pension plan and make payouts.last_img read more

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Van Oord Kicks Off Port of Caldera Dredging

first_imgImage source: SAAMIn order to optimize commercial operations and reduce wait times for vessels arriving at the Port of Caldera, Sociedad Portuaria Caldera (SPC) – a SAAM Puertos Company – and the Costa Rican Institute of Pacific Ports (INCOP) recently kicked off a $2.5 million dredging program.Commenting the latest news, Ricardo Ospina, CEO of SPC, said: “We have committed to moving up dredging in order to continue to support trade and the domestic economy. We need our port to have better conditions to receive vessels with the highest draft possible.”Dredging operations, conducted by Van Oord, consist of extracting material that has accumulated on the sea bed in order to restore its original depths so that ships can dock at Puerto Caldera.“This process meets all environmental requirements and will be supervised by a regent from the government,” added Ospina.The volume to be extracted from the Port of Caldera areas is estimated at around 400.000m³, which has accumulated since the last dredging operation in February 2017.SAAM has just released these beautiful photos of Van Oord’s trailing suction hopper dredger (TSHD) Lelystad, taken during her recent arrival in the Port of Caldera waters.Image source: SAAMlast_img read more

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Ethiopia Airlines’ all women function flight setting the pace for the…

first_imgEthiopian airlines operated an All-Women Functioned Flight today on the Addis Ababa – Bangkok route. In all its 70 years of service the airlines has dispatched it first ever flight operated by female crew from the flight deck, to the pilots and all crew members and even the on ground flight preparations conducted by women.The airline says it wants to promote women’s empowerment and encourage more African girls to pursue aviation careers. The airline adds that 30 percent of its employees are women but the number of women in positions such as pilots and technicians is way smaller.Ethiopia airlines hopes that by creating the opportunity and providing inspiration for young African female students to believe, dream and work towards filling the skill gap in the aviation industry.last_img read more

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Pooja Rani, Vikas Krishan seal qualification to Tokyo Olympics 2020

first_imgAmman: Pooja Rani (75kg) on Sunday became the first Indian boxer to secure qualification to the 2020 Tokyo Olympics. Later, Vikas Krishan (75kg) beat Japanese third seed Sewonrets Okazawa by unanimous decision to qualify for his third Olympics.This was Rani and her Thai opponent Pomnipa Chutee’s first bout at the Asian Olympic qualifiers in Amman after both pugilists got byes in the first round. She was dominant throughout the bout, taking the first two rounds by unanimous decisions. Her 18-year-old opponent needed a knockout in the third to go through which she never looked close to getting and Rani was declared 5-0 winner.Vikas chose to stay defensive and draw his opponent in for much of the bout. The ploy worked with the Commonwealth Games gold medallist as he managed to land straight punches into the body consistently. The judges in the end gave a 5-0 decision in his favour.Sachin Kumar (81kg) however, could not get past China’s Daxaing Chen and lost a close bout 3-2. IANSAlso Read: Assam boxer Lovlina Borgohain earns berth for Tokyo Olympics 2020Also Watch: NDFB-S General Secretary B R Ferenga likely to join UPPL party soonlast_img read more

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Renshaw, Starc put Aussies beyond 250 on opening day … Umesh Yadav claimed four wickets on a pitch that offered big turn

first_imgBy Sudipto GangulyPUNE, India (Reuters) – Paceman Umesh Yadav claimed four wickets on a pitch that offered big turn to help India restrict Australia to 256 for nine after the touring side had made a solid start on the opening day of the four-match series yesterday.Paceman Mitchell Starc, who would be expected by Australia to play a role similar to that of Umesh with the ball, smashed an unbeaten 57 to frustrate the hosts and take his team past 250.Earlier, David Warner made 38 and added 82 for the first wicket with Matt Renshaw after captain Steve Smith won the toss and opted to bat against a spin-heavy India.Smith said he expected turn from the very first ball on the dry pitch at the Maharashtra Cricket Association Stadium in the Western Indian city of Pune, a venue making its debut as a Test centre.India captain Virat Kohli appeared to agree with his counterpart, bringing on spin spearhead Ravichandran Ashwin, the top-ranked Test bowler, in just the second over of the day.After four overs from paceman Ishant Sharma, Kohli opted to utilise spin from both ends when he brought on Jayant Yadav against the left-handed duo.The sparse crowd thought Jayant had bowled Warner around his legs for 20, but the off-spinner had overstepped the crease and it was called a no-ball.UMESH STRIKESWarner and Renshaw were able to put loose balls away before Kohli brought on his other paceman, Umesh, in the 28th over.Umesh needed just two deliveries to break the opening stand when Warner dragged the ball onto his stumps.Australia then took an ultra-defensive approach against a side unbeaten in their last 19 Tests, but more chances eventually came India’s way.Smith and Shaun Marsh added 37 for their stand in almost 20 overs before the latter was caught down the leg side attempting to sweep Jayant.The hosts struck two quick blows when left-arm spinner Ravindra Jadeja dismissed Peter Handscomb (22) leg-before after the right-handed batsman had added 30 runs with Smith.In the next over, Ashwin lured Smith into a drive taken by Kohli at midwicket, to dismiss the world’s top-ranked Test batsman for 27.All-rounder Mitchell Marsh did not last long either, out leg-before to Jadeja for four.Renshaw, who had to leave the field in the morning with an upset stomach, returned to the crease to hit 68 before he was caught out at slip off Ashwin.Umesh dismissed Matthew Wade for eight before taking the wickets of Steve O’Keefe and Nathan Lyon in successive deliveries.Australia were boosted by Starc late on, as the left-hander smashed five fours and three sixes to add 51 for the unbroken final wicket with number 11 batsman Josh Hazlewood, not out on one. AUSTRALIA 1st inningsM. Renshaw c Vijay b R. Ashwin 68D. Warner b U. Yadav 38S. Smith c Kohli b R. Ashwin 27S. Marsh c Kohli b J. Yadav 16P. Handscomb lbw b Jadeja 22M. Marsh lbw b Jadeja 4M. Wade lbw b U. Yadav 8M. Starc not out 57S. O’Keefe c Saha b U. Yadav 0N. Lyon lbw b U. Yadav 0J. Hazlewood not out 1Extras: (lb-6, nb-9) 15Total: (for 9 wickets, 94 overs) 256Fall of wickets: 1-82, 2-119, 3-149, 4-149, 5-166, 6-190, 7-196, 8-205, 9-205.Bowling: I. Sharma 11-0-27-0 (nb-1), R. Ashwin 34-10- 59-2, J. Yadav 13-1-58-1 (nb-1), R. Jadeja 24-4-74-2 (nb-2) U. Yadav 12-3-32-4 (nb-1).last_img read more

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Billionaire Jackpot Game Debut with NaijaBillionaire

first_imgThe NLRC boss, who was represented by a director in the Commission, Precious Puanoni, encouraged Nigerians to take part in betting as revenue accrued to the commission would also be used to fund the education and provide social amenities in different parts of the country.Speaking in same vien, a director of the company, Lai Labode, said the Billionairejackpot, which is their flagship game was an electronic raffle(eRaffle) game, that will be played by electronically entering purchased raffle ticket into a draw. The eRaffle game, he said, would pay a whopping one billion Naira as its jackpot. Apart from the jackpot, every participant has a chance of winning something.Chairman of the company, Adedotun Sulaiman said, “It is an electronic wealth redistribution game designed for Nigerians. A game that will create millionaires every month across the country.”He said that the company’s entry into the Nigerian gaming industry was aimed at introducing a truly national lottery, create wealth distribution game and establish Nigeria on the gaming global map.“Our foundation is built on trust and transparency,”Sulaiman said. Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram NaijaBillionaire has unveiled plans to create gaming experiences that would enrich lives and add value to businesses through innovation, easy access, integrity, partnership and world class processes.Speaking during the official unveiling of the NaijaBillionaire , at Westwood Hotel, Victoria Island the Director General of the National Lottery Regulatory Commission, Adolphus Ekpe, called on Nigerians to invest in lottery as a means of contributing to the social well-being of the country.last_img read more

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COLUMN: Helton is making case for head coach

first_imgWith only one loss on his record, interim head coach Clay Helton is making his case for the permanent head coaching position, and it seems to get stronger every week. Helton started his campaign with a loss, but that was a well-played game against a team that the AP poll currently lists as the No. 6 team in the country.Since that loss, Helton has gone on to upset the former No. 3 team in the country and add two additional wins against Cal and Arizona. Though the two most recent wins are less impressive than the win over Utah, Cal and Arizona are both teams that started the season off looking like legitimate Pac-12 contenders.If Helton can double his current three-game win streak and close out the season with a win over UCLA, I think he’ll be given fair consideration for the job. He’ll be up against stiff competition, however, as many fans and donors are expecting a big name to be the next head coach.The current situation draws comparisons to two years ago when interim head coach Ed Orgeron caused a lot of excitement and turned the team around but, ultimately, was not named head coach. The decision to go with Sarkisian over Orgeron was controversial, but I agree with Athletic Director Pat Haden’s choice not because I think Sarkisian was the best choice, but more so because Orgeron was not. Orgeron was fueled by raw emotion. He also had a talented roster of players and was able to use the unfortunate circumstances of the season to motivate his team.Helton has a stacked roster as well and certainly isn’t lacking in emotion. He, however, has made the team his own. After the loss to Notre Dame, Helton slowed down the tempo of his game. Sarkisian ran a fast-paced offense designed to run a lot of plays, while Helton has opted to slow things down and increase the Trojans’ time of possession. So far, Helton’s strategy is undefeated.On the field, Helton’s game plan has turned the team around, but it seems the biggest impact has been off the field. Many players have said that Helton has made the team a family and has them playing for more than themselves. Many players have also said they hope to see Helton named the next head coach.Orgeron had the support of the team and the Trojan Family, but lacked the on-the-field success. Orgeron upset No. 4 Stanford but lost to UCLA. If Helton can close out the season with a win over UCLA, he’ll be able to do what Orgeron, and even Sarkisian, couldn’t.Unfortunately for Helton, his predecessor’s departure caused such a controversy that Haden needs to make a splash with his next hire, and Helton might not be enough. There is a lot of speculation that Haden might step down at the end of this season, though, and Helton could potentially benefit from that.I think Helton has certainly earned enough credit to enter the head coaching discussion, and if USC does not hire him, I think he’ll likely be offered a head coaching job at another school. I am rooting for Helton. If he gets an entire offseason to prepare, he’ll give USC a shot at a title, and if not, he’ll make a great head coach at another school.Regan Estes is a junior majoring in public relations and Spanish. She is also the sports editor of the Daily Trojan. Her column, “Wild Wild Westes,” runs Tuesdays.last_img read more

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Syracuse football game day: Everything to know about matchup with Boston College

first_img Facebook Twitter Google+ Published on October 22, 2016 at 9:45 am Contact Jon: jrmettus@syr.edu | @jmettus Syracuse (3-4, 1-2 Atlantic Coast) heads back out on the road to travel to Chestnut Hill, Massachusetts to take on the Boston College Eagles (3-3, 0-3). It’s one of two bus trips the team will take this year (including the Notre Dame game at MetLife Stadium in East Rutherford, New Jersey). SU is coming off a big upset over Virginia Tech and BC had a bye. The Eagles are looking for their first ACC win since 2014.Here’s everything you need to know for game day.How can you watch the game? ACC NetworkWho’s out? Offensive linemen Omari Palmer and Jason Emerich are out for the fifth week in a row. Cornerback Cordell Hudson and receiver Devin Butler are out for the second week in a row. Check out the full injury report here.Who’s healthy? Left tackle Cody Conway was absent from the injury report after missing the last three games. Defensive end Josh Black also wasn’t on the report after seemingly tweaking his ankle against Wake Forest.AdvertisementThis is placeholder textWhat is Dino Babers saying before this game? He said all the team has proven so far is that it’s occasionally great and that you’ll never see into the locker room again after the video of his postgame speech gained popularity on television and online. Babers also noted that the Virginia Tech win could be program changing. See all Babers had to say at his press conference on Monday and the ACC coaches teleconference on Wednesday.What is Boston College head coach Steve Addazio saying before this game? He said his team needs to dominate time of possession and he’s also hoping for some rain and wind for the game. See all Addazio had to say on the ACC coaches teleconference on Wednesday.What should you know about Boston College? Everything you need to know can be found here.What do our beat writers think will happen this afternoon? Find out here in our beat writer predictions.Anything else you should know? Josh Black didn’t enjoy sports growing up and never played defense until his senior year of high school, but as a freshman, he’s emerged as a starting defensive end for Syracuse. Safety Daivon Ellison has jumped into a starting spot, too, with improved tackling in the team’s new defensive system. Commentslast_img read more

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Baseball wins weekend series against Sun Devils

first_imgJunior outfielder Matthew Acosta’s five RBIs led USC to victory over ASU Friday. (Tucker Judkins/Daily Trojan) Sophomore infielder Spencer Torkelson gave ASU a 1-0 lead on a homer in the third inning. Sabol’s three hits added to the 14-hit attack for the Trojans, but Acosta led the charge with four, also collecting five RBIs on the night. The Trojans kicked off the weekend strong with a 10-6 victory Friday night. USC jumped out to an early 3-0 lead on RBI singles by junior outfielder Matthew Acosta in the first and third innings. Junior pitcher Chris Clarke closed out the victory with two scoreless innings in relief. Lunn credited the performance as a team effort. “[Scoring insurance runs] makes the pitchers way more at ease,” head coach Dan Hubbs said. “They know that they can make a mistake and can overcome it. It allowed [junior pitcher] Connor [Lunn] to pitch with a lot more freedom.” USC will take on Cal State Fullerton at 6 p.m. Tuesday at Dedeaux Field. The 14-14 Titans defeated USC 10-4 in March, but Hubbs is hopeful after Sunday’s promising performance. USC won two out of three games against No. 7 Arizona State over the weekend. Despite the loss, the series victory against the Sun Devils was a positive sign for the Trojans, who move to 12-18 overall and 5-7 in conference play.   When ASU made the score 6-3 in the top of the sixth, USC scored 3 more runs in the bottom half. Junior outfielder Brady Shockey scored when ASU catcher redshirt sophomore Sam Ferri made a throwing error on a double steal. Acosta doubled home Sabol, then stole home when Ferri tried to catch sophomore infielder Ben Ramirez stealing second. “I was just trying to pound the zone … let them get themselves out,” Lunn said. “[The defense] is huge, it gives me time to relax and just focus, and I know that the guys behind me will do what they do.” The Trojans battled. Owens’ 2-run single in the fifth, sophomore first baseman Jamal O’Guinn’s RBI double in the sixth and Owens’ first career home run in the seventh made it an 11-7 ballgame. On Saturday, the Trojans came back from a small deficit early to win 7-3. An opposite field home run by Perez in the seventh gave the Trojans their 10th run of the game. ASU’s 3-run homer in the ninth was too little too late, as junior pitcher Austin Manning shut the door. center_img However, the lead was short-lived. Sabol tripled home Perez to knot things up at 1. Redshirt junior catcher CJ Stubbs followed with his third home run of the year — a moonshot to left field — for the 3-1 lead. It was one of the longest home runs hit by any Trojan all season. Lunn held one of the nation’s top offenses in check with 6.1 innings of 3-run ball. He was assisted often by incredible defense, highlighted by a SportsCenter-worthy home run robbery by Acosta in the third inning to steal 3 runs from ASU. The red-hot Acosta homered again in the seventh inning. As soon as he hit it, Acosta stopped, watched it sail and gave an emphatic bat flip before breaking into his home run trot. Perez tied the game with a triple in the second, but ASU took off from there. A 3-run home run from Torkelson helped the Sun Devils build an 11-3 lead.   Sophomore pitcher Kyle Hurt started for USC, struggling through 3.1 innings and allowing 5 earned runs. Freshman pitcher Chandler Champlain allowed 4 runs in the fifth inning but would settle down to shut ASU out the rest of the way. After Stubbs struck out with the bases loaded in the ninth, O’Guinn walked to bring the winning run to the plate in Acosta, who lined out to right field to end the rally. A home run by ASU sophomore infielder Alika Williams tied it up in the sixth. Acosta homered in the same inning to put the Trojans up 4-3. An error on a bunt by senior infielder Chase Bushor scored Ramirez, and an RBI single by freshman designated hitter Clay Owens gave USC a 3-run lead. “Right off the bat, I thought it was gone,” Acosta said. “And then I was like, ‘I’ve got a chance for that,’ … I found the wall, got a good jump and I got that.” ASU cut its deficit to 2 in the top of the fourth, but USC fired back in the bottom half with 3 more runs. After senior infielder Brandon Perez hit an RBI triple and junior outfielder Blake Sabol provided an RBI groundout, Acosta again drove in a run on a single for a 6-1 Trojan lead. On Sunday, the Sun Devils avoided the sweep by defeating USC 11-8. Whenever ASU chipped into the lead, USC responded to keep the game out of reach. ASU took a 2-0 lead in the first inning before Stubbs answered with his second home run of the series, a solo shot. “We know they’re good,” Hubbs said Sunday. “If we have at bats like we did today and all weekend … we’re going to be in good shape.”last_img read more

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Mourinho denies rift with Costa

first_imgThe forward was left on the bench for the 0-0 draw at Tottenham.He also appeared to throw a training bib at Mourinho during the match.The Stamford Bridge boss says there’s no problem with Costa – and he’ll be treated the same as anyone in his squad. Elsewhere, Richie Towell has completed his move to Brighton from Dundalk and one former Ireland international thinks he could still make Irelands squad for Euro 2016.The former Dundalk attacker has joined on a 2 and half year deal but won’t be allowed play until January.last_img read more

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