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Global virus cases top 18 million as Australian city imposes curfew

first_imgHealth authorities in South Africa, where a surge in cases had been expected after the gradual loosening of a strict lockdown, reported that infections exceeded the half-million mark.The nation is by far the hardest-hit in Africa, accounting for more than half of diagnosed infections, although President Cyril Ramaphosa said the fatality rate is lower than the global average.Latin America and the Caribbean passed another milestone on Sunday as fatalities in the region climbed to more than 200,000, with Brazil and Mexico accounting for nearly three-quarters.Iran — battling the Middle East’s deadliest outbreak — reported its highest single-day infection count in nearly a month, warning that most of its provinces have been hit by a resurgence of the disease.With infections and deaths soaring, the UN health agency has said the coronavirus pandemic is likely to be protracted and warned of possible “response fatigue”.”The WHO continues to assess the global risk level of COVID-19 to be very high,” the agency said, adding that the effects of the pandemic “will be felt for decades to come”. Australia’s Victoria state imposed fresh, sweeping restrictions on Sunday, including a curfew in Melbourne for the next six weeks, a ban on wedding gatherings, and an order that schools and universities go back online in the coming days.”Anything short of this will see it drag on for months and months and months,” Victoria premier Daniel Andrews said of the outbreak.Despite a lockdown, Melbourne has continued to report hundreds of new cases daily even as other states in Australia have reported zero or a small number.Many other parts of the world are struggling with much bigger outbreaks. The number of coronavirus cases recorded worldwide topped 18 million on Monday with the illness continuing its march, after Australia’s second-largest city imposed a curfew to halt the spread.Six months after the World Health Organization declared a global emergency, the virus has killed more than 687,000 people since it first emerged in China late last year, according to an AFP tally compiled from official sources.Fresh clusters have been reported in countries that had previously brought their outbreaks under control, forcing governments to reimpose lockdown measures despite worries over further economic fallout. Topics : Vaccine race Mexico overtook Britain to become the third hardest-hit country in virus deaths — after Brazil and the United States — with more than 46,600 fatal cases.The US has now tallied more than 4.6 million cases and 154,793 deaths.The pandemic has spurred a race for a vaccine with several Chinese companies at the forefront, while Russia has set a target date of September to roll out its own prophylactic.However, US infectious disease expert Anthony Fauci said it was unlikely America would use any vaccine developed in either nation.As part of its “Operation Warp Speed”, the US government will pay pharmaceutical giants Sanofi and GSK up to $2.1 billion for the development of a COVID-19 vaccine, the two companies have said.In Europe, where many countries had hoped their outbreaks had been brought under control, Norway recorded its first virus death in two weeks and Switzerland reported its case numbers had crept up again.Despite the resurgence, Europe has seen demonstrations against coronavirus curbs. Thousands protested in Berlin over the weekend urging “a day of freedom” from the restrictions, with some demonstrators dubbing the pandemic “the biggest conspiracy theory”.The protests, in which many demonstrators failed to wear masks or respect social distancing rules, triggered calls for tougher penalties against those who violate curbs.At least 45 police officers were injured and more than 130 people were arrested.  The pandemic has also continued to cause mayhem in the travel, sports, cultural and tourism sectors, with more airlines announcing mass job cuts and major festivals and cultural events scaling back.Latin America’s biggest airline, the Brazilian-Chilean group LATAM, said it would lay off at least 2,700 crew, and British Airways pilots overwhelmingly voted to accept a deal cutting wages by 20 percent, with 270 jobs lost.Austria’s month-long Salzburg festival celebrates its 100th anniversary, but now with a reduced program and strict safety measures, including masks for spectators until they are seated.The 80,000 tickets for the event — down from the usual 230,000 — have been personalized to enable contact-tracing.last_img read more

Investors urged to ignore ‘key-man departure’ as PIMCO outflows hit $23bn

first_imgThe shock departure led to the swift appointment of Daniel Ivascyn as the California-based manager looked to calm fears among investors and stem outflows from Gross’s former flagship fund.PIMCO confirmed that its September net outflows from the $211bn (€167bn) Total Return Fund hit $23.5bn, with the largest daily outflow happening immediately after Gross’s resignation was made public.However, the company also stressed that outflows on the following two days were significantly lower.Aegon’s analysis showed other key-man departures had little impact on the institutional and retail funds they managed, with some new managers outperforming their predecessors.It highlighted UK asset manager Schroders’ loss of Richard Buxton from its UK Alpha Plus fund, who left the firm after 11 years. Buxton’s replacement Philip Matthews still managed to achieve 2.8% above benchmark for the fund.The manager’s European Opportunities fund, managed for 11 years by Chris Rice until 2013, saw replacement Steve Cordell achieve returns of 5.3% above benchmark, higher than Rice’s annualised return in his time in charge.Other ‘key-man’ losses for Fidelity, Henderson and AXA Framlington also saw replacement managers stabilise the funds and achieve above-benchmark returns.Dixon said investors considering exiting PIMCO’s previously coveted fund should strongly evaluate their decisions before moving assets.“Bill Gross has left a distinct investment DNA at PIMCO, with talented analysts and a strong team culture,” Dixon said.“These qualities will endure for many years after Gross’s departure and should be reflected in PIMCO’s future performance.“It is also important to think hard about the costs associated with moving money – potential fees, out of market risk and missing likely gains from existing funds. Investors must weigh up the benefits with the costs and remember that often the wisest move may be to stay put.”At PIMCO, Gross’s shock departure is only a continuation what has been a turbulent period for the bond house.Earlier this year, then chief executive Mohammed El-Erian stepped down, raising questions about the expected succession plan for the 70-year-old Gross.Since the start of the year, outflows from the Total Return Fund have been consistent, as investment performance began to slide on a short-term basis.This was capped by the eventual departure of Gross, which sent shockwaves through PIMCO and its investors. Gross will begin managing an unconstrained bond portfolio at Janus on Monday.In an update to investors, PIMCO said: “As we engage our clients around the world, we are confident the vast majority of them will continue to stand with PIMCO as we demonstrate why we have earned the reputation as one of the world’s premier investment managers.” Bond investors in PIMCO’s Total Return Fund are being urged to remain loyal to the fund after Bill Gross’s departure after new analysis showed detriment to investments after leaving.Data from Aegon, the Dutch insurance firm, showed nine from 11 funds still outperformed benchmarks even after the departure of a significant fund manager.Aegon’s investment director, Nick Dixon, said investors in Gross’s former funds should “think carefully” before making any snap redemption decisions.The analysis was done after Bill Gross stepped down as CIO at PIMCO, a company he started in 1971, and left to manage a new, much smaller bond fund at Janus Capital Management.last_img read more

STAG Nations Cup 2016/17 Presentation Western Tigers cart off $2M as top four clubs rewarded

first_imgCASH prizes and trophies totalling over $4M were yesterday morning handed out to the top four clubs and outstanding individuals emerging from the 2016/17 edition of the STAG Nations Cup knock-out competition, which had involved clubs from five of the Guyana Football Federation affiliates.Making a clean sweep of the top four spots was the Georgetown Football Association (GFA) which saw Western Tigers win the top prize of $2M along with the Most Valuable Player and Best Goalkeeper accolades which went to Phillip Rowley and Troy Carrington, respectively.Santos FC who lost the final 0-3 walked away with $1M, the Guyana Police Force Football Club received $500 000 as the third-place winners, while club member Quincy Holder ended as the Highest Goalscorer with … goals and was duly recognised. Riddim Squad who lost the third-place match-up 1-2 collected $300 000.Handing over the prizes was Ansa McAl’s STAG Brand Assistant Keon Persaud, who congratulated the teams for their efforts during the competition which also comprised teams from Berbice, East Demerara, East Bank and West Demerara.Western Tigers head coach Calvin Allen, in receiving the champions’ cheque credited the team’s win to hard work and team spirit.“I think that Western Tigers always are a talented bunch of players, more so young players and with the blend of Phillip Rowley, Ryan Adolph and the other senior guys around, it is just about getting the group to work together and a bit harder. I think they were a bit relaxed and took things for granted but are now working hard.”Allen, who took over the head technical position at the club last July, noted that they players worked very hard each session, day in, day out.“There are a few things that we have implemented that have probably changed the fortunes of the team and the administration of the club has been doing a great job also.”Allen further stated that the club now boasts a revamped and structured youth programme.“So far I think we have done a marvellous job. We’ve got about 50 to 60 youngsters coming out to the ground on any given day and the female programme we’ve focused a lot on.“We have females from the age of five/six to about 15 years old. So it’s a very young female group and we are hoping to mould them into a very strong and competitive group and hopefully a good group for Guyana.”last_img read more

Schoneborn, Davis Named Women’s Outdoor Athletes of the Week

first_imgHonorable Mention: Tristyn Allen, Sam Houston State; Tay Nance, Houston Baptist; Dakota Mayr, Stephen F. Austin. This is the second women’s track weekly award on the season for Schoneborn after earning the honor on March 20. Southeastern now has three different weekly women’s field honorees in 2018 as Davis joins Alexia Stein (March 13) and Vigdis Jonsdittir (March 27). Southland weekly award winners are nominated and voted upon by each school’s sports information director. Voting for one’s own athlete is not permitted. To earn honorable mention, a student-athlete must appear on at least 25 percent of ballots. The Islanders head to Abilene tomorrow for the ACU Oliver Jackson Twilight while the Lady Lions travel to Hattiesburg, Miss., this weekend for the Southern Miss Open, beginning Friday. Honorable Mention: De’Shalyn Jones, Northwestern State; Kelsey Ramirez, Stephen F. Austin; Michaela Hackett, Abilene Christian.center_img FRISCO, Texas – Texas A&M-Corpus Christi senior Rabea Schoneborn and Southeastern Louisiana sophomore Ashley Davis are the Southland Conference Outdoor Track & Field Athletes of the Week, the league announced Tuesday. Southland Athletes of the Week are presented by UniversalCoin.com. Women’s Outdoor Track Athlete of the Week – Rabea Schoneborn, Texas A&M-Corpus Christi – Sr. – Niederkassel, GermanySchoneborn set a new school record at Mt. SAC last weekend in the 10,000m, putting up the top mark in the SLC with a time of 33:49.46. The senior’s pace currently qualifies her for the postseason, ranking 13th in the West Region and 19th in the country. Women’s Outdoor Field Athlete of the Week – Ashley Davis, Southeastern Louisiana – So. – Watson, La.Davis broke her own school record in the shot put with a throw of 55-08.25 to take first at the LSU Alumni Gold. Her distance is the ninth-best Division I mark this season.last_img read more

ONE: Aoki waylays Wiratchai, Gracie triumphant in return fight

first_imgArmen Petrosyan vs Chris Ngimbi. Photo by Tristan Tamayo/INQUIRER.netIn one of the three Super Series bouts, Chris Ngimbi edged out Armen Petrosyan via split decision in their kickboxing fight at the 72.5-kilogram catch weight.Ngimbi, a two-time Muay Thai World champion, managed to keep the aggressive Petrosyan at bay and connected with more solid strikes that earned him two of three judges’ nods.Panicos Yusuf of Cyprus took a unanimous decision win over China’s Han Zi Hao in the Super Series for Muay Thai.Yusuf fed off Han’s aggression in the fight and was largely scoring on counters in their bantamweight fight.ADVERTISEMENT Report: Disney dropping the ‘Fox’ from movie studio names Lacson: Calamity fund cut; where did P4 billion go? In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Don’t miss out on the latest news and information. DepEd’s Taal challenge: 30K students displaced In the preliminaries, Thailand’s Chamuaktong Fightermuaythai dominated Dutch fighter Brown Pinas with pinpoint strikes and got out of the cage with a unanimous decision win under his belt.China’s Xie Bin (5-2) kicked off the card with a quick submission victory over Cambodia’s Sor Sey (4-3) in the featherweight division.Xie locked a deep guillotine choke that forced Sey to tap out 1:55 into the fight.Sports Related Videospowered by AdSparcRead Next Seeing a bloodied Wiratchai unable to defend himself, referee Olivier Coste stopped the fight 2:16 into the first round sending Aoki into a frenzied celebration with the crowd sitting at the lower box area of MOA Arena.Renzo Gracie vs Yuki Kondo. Photo by Tristan Tamayo/INQUIRER.netBrazilian legend Renzo Gracie, meanwhile, was triumphant in his return to fighting after an 11-year hiatus.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone still willing to coach Gilas but admits decision won’t be ‘simple yes or no’The 51-year-old Gracie (14-7) wrapped Japanese icon Yuki Kondo (60-35) in a rear naked choke at the start of the second and earned the submission victory 1:40 into the round of their welterweight fight.American lightweight Garry Tonon scored his second straight win in as many fights after submitting India’s Rahul Raju with a rear naked choke 3:27 into the third round. Putin’s, Xi’s ruler-for-life moves pose challenges to West ‘High crimes and misdemeanors’: Trump impeachment trial begins The summer that was: USA players reflect on a hectic July LATEST STORIES Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Palace OKs total deployment ban on Kuwait OFWs MOST READ Shinya Aoki pummels Shannon Wiratchai. Photo by Tristan Tamayo/INQUIRER.netIt was a performance of utter destruction from Japanese legend Shinya Aoki, who subjected Thai superstar Shannon Wiratchai to a show of force in their lightweight bout in ONE: Reign of Kings Friday at Mall of Asia Arena.Aoki (41-8) wasted no time in establishing his dominance and got into full mount position in the first minute of their fight where he proceeded to pummel Wiratchai (9-3) with crushing blows.ADVERTISEMENT Trump assembles a made-for-TV impeachment defense team View comments Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anewlast_img read more