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King Felipe VI of Spain moved Sunday to distance himself from his scandal-hit father, stripping him of his palace allowance and renouncing what he was due to inherit from him.The announcement came after reports earlier this month in the Swiss daily Tribune de Geneve that former monarch Juan Carlos had received 100 million dollars (90 million euros) from Saudi Arabia via an offshore account.The money was lodged in a Swiss bank account in the name of a Panamanian foundation, the paper reported, according to which $65 million of that sum was given by Juan Carlos to his former mistress, Corinna zu Sayn-Wittgenstein. A later report in Britain’s Daily Telegraph said that 52-year-old King Felipe was also a beneficiary of the fund, which it said had been set up when Juan Carlos was still on the throne.In the palace statement released Sunday, the reigning king said that in April he had made it clear to a notary that he would accept no money from the foundation in question.He also said he had absolutely no knowledge of having been named as a beneficiary to another foundation, which according to press reports paid millions of euros towards his father’s flights in private jets.The statement said King Felipe was renouncing any assets, shares or investments that might be either illegal or compromise the royal family’s integrity. Spanish media reports say Juan Carlos has until now received an annual allowance from the state of more than 194,000 euros ($216,000).The reaction from left-wing parties Sunday evening suggested that for them, at least, it was not enough.On Twitter, economist Carlos Sanchez Mato of the United Left party, called on the king to renounce everything he stood to inherit from his father — including his role as head of state.On Tuesday, the Spanish parliament decided against launching an investigation into suspected money laundering by the former king.Spain’s hard-left Podemos party had called for it after reports earlier this month that in 2008 Juan Carlos received $100 million from Saudi Arabia’s King Abdullah via the Swiss account of an entity listed in Panama.Podemos, which is part of the ruling coalition with Pedro Sanchez’s Socialist Party, is avowedly republican.Juan Carlos, now 82, came to the throne after the death of the military dictator Francisco Franco in 1975 and is widely respected for having favoured a transition to democracy.But he lost his immunity from prosecution after handing power to his son, Felipe, in June 2014 following a 39-year reign.He resigned from public life last year after a series of scandals about his private life.In 2012, he outraged Spaniards by going elephant hunting in Botswana at the height of the country’s recession.But he is not the only Spanish royal to have been caught up in a scandal.In 2018, King Felipe’s brother-in-law Inaki, the husband of Princess Cristina, was jailed for more than five years for siphoning off millions of euros from a foundation he ran in the island of Majorca.Topics :
California-based Tesla Inc, which makes only electric vehicles, aims to retain its current position as the world’s EV leader. Chief Executive Elon Musk has said he expects the company to sell “a few million” vehicles in 2025.Ioniq was launched four years ago as a vehicle name plate under the Hyundai brand. The compact hatchback was offered with a choice of three powertrains: Conventional gas-electric hybrid, plug-in hybrid and pure battery electric. Those models will continue in production.Starting in early 2021, Hyundai said it plans to introduce three all-electric models under the Ioniq brand. They include the Ioniq 5, a midsize crossover based on the 2019 Hyundai 45 concept; in 2022, the Ioniq 6 sedan, based on the Hyundai Prophecy concept unveiled earlier this year, and in early 2024, the Ioniq 7, a large crossover.The three new Ioniq models will be built on a dedicated EV platform known internally as E-GMP, for Electric Global Modular Platform, which will “enable fast charging capability and plentiful driving range,” the company said in a statement.Topics : Korean automaker Hyundai Motor Co is creating a family of electric vehicles it will sell under the Ioniq brand as part of its drive to become the world’s third-largest seller of EVs by 2025, the company said on Sunday.Hyundai said the elevation of Ioniq from an individual vehicle nameplate to a brand will help support its goal of capturing 10 percent of global EV sales in 2025.With electric vehicles still struggling to gain traction in most major markets, Hyundai’s main competitors will likely include traditional automakers Volkswagen AG and General Motors Co, both of which have announced plans to build and sell a million or more electric vehicles a year by 2025.
“There are a number of factors at play – succession planning, strategy, economics, looking at new themes and geographies.”In line with this more “disciplined” stance to re-ups, 44% of LPs expect terms and conditions to move even further in their favour, despite considerable concessions from the industry already having been made in recent years.“Pre-crisis, it was very clear the balance of power was with GPs,” said Ziff. “It’s clear that the pendulum has swung to more of an equilibrium now, and that that is the way LPs expect it to stay.”Coller Capital was founded in 1990 and is a leading investor in private equity secondaries.This latest edition of its Barometer is based on a survey of 115 institutional LPs, 45% of which are European and 28% of which are pension funds.Fifteen of the respondents were pension funds based in Europe.Other findings suggest that two-thirds of LPs worry that an over-supply of debt in the North American private equity market is resulting in poor deals being financed and some good deals being over-leveraged.This has increased from 20% in 2012, and the problem is regarded as much less severe in European or Asian deals.Among all types of LP, pension funds were the most likely to have decreased their private equity allocations over the past two years, and also the most likely to have commitments above their target allocations to the asset classes.On a lighter note, 64% of respondents from around the world indicated that they would prefer to manage the private equity portfolio of a Canadian pension plan over a US pension plan.Patriotic Canadians all preferred to work in their home country – but apparently half of US pension managers would like to head north of the border to join them.“This may have something to do with the fact Canadian pension plans are seen as more flexible and forward-thinking,” suggested Ziff. The institutional private equity market looks set to continue its post-financial crisis revolution, with almost nine out of 10 limited partners (LPs) planning to decline re-ups with general partners (GPs) they previous regarded as ‘core’, and more than half ready to invest in first-time funds within the next two years.The findings, from Coller Capital’s latest Global Private Equity Barometer, a quarterly survey of institutional investors, appear to mark the end of some long-held assumptions about the asset class: access to the most seasoned GPs has for years been considered paramount, given the evidence for persistence of performance from one vintage to the next.Coller Capital partner Stephen Ziff, referring to the fact 70% of North American LPs and 58% of Europeans expect to invest direct with a first-time fund, said: “Often, talented individuals or teams will leave big franchises that perhaps aren’t offering them the challenges they expect, in order to start up on their own – and LPs that know them well are prepared to back them.“This highlights the shifting landscape in private equity. There is increasing innovation and discipline from LPs: they are making sure GPs understand that, just because they have supported them in the past, they should not take it as given that they will in the future. And they are looking for new routes into private equity.
A spokesman for ATP said the pension fund had people with strong skills in-house that could take over Svennesen’s tasks, including Kasper Ahrndt Lorenzen, who had recently been appointed as chief investment portfolio manager at ATP.“Anders has been with ATP for 14 years and has made a very positive contribution – we wish him all the best,” the spokesman said.One of Svennesen’s first tasks, the company said, will be to continue with an increased focus on direct investments.Danica said it would invest more than DKK10bn (€1.3bn) over the next few years in “solid” Danish and foreign companies.Svennesen said he was looking forward to becoming part of Danica.“The years ahead offer a challenging investment climate in which it will be more important than ever to position oneself correctly in the market,” he said.A big part of the company’s investment activity will be getting access to unique and attractive opportunities, he said.“Danica Pension has access to these areas partly through its collaboration with Danske Bank,” Svennesen said.Danica is set to unveil a new investment strategy focusing on investing directly in companies, but announced its first major direct investment already in July.This was the purchase of a minority stake in marine logistics firm Unifeeder for DKK400m. Aarup-Andersen came to Danica Pension at the beginning of June as CFO and one of the subsidiary’s three directors, from Danske Capital – another part of the Danske Bank group.When Lindegaard left two months later, Danica explained the departure, saying both he and Aarup-Andersen thought it made sense to find another investment director with different skills.Svennesen has worked at ATP since 1999, apart from a brief spell at ABN AMRO.Before joining ATP, he was an economist at the Danish central bank.At ATP, he began as portfolio manager responsible for investments in Danish and foreign bonds and for credit and inflation.In 2008, he took charge of the pension fund’s beta portfolio and external managers, and joined ATP’s risk and investment committee.He became co-CIO of ATP in 2011. Anders Svennesen is leaving his position as co-CIO at Danish pensions giant ATP to take up a new role as CIO of Danica Pension on 1 December, Danica has announced.Svennesen will replace Peter Lindegaard, the Danske-Bank subsidiary’s previous CIO, who left the company in August.Jacob Aarup-Andersen, CFO at Danica, said: “Over a long period of time, Anders has managed to generate fine results for ATP in asset allocation, which is one of the most important disciplines for delivering high customer returns.”Svennesen will be responsible for developing Danica’s investment department.
Herald Sun 24 Nov 2011A trial program will see 4000 teenage parents forced to finish Year 12 or risk having their welfare payments cut off after laws passed parliament yesterday. Senior minister Simon Crean said the programs would give young parents new opportunities to boost their educational achievements and job-readiness. “The Government is sending a very clear message that it is the responsibility of the parent to make the most of opportunities available to them,” he told the lower house. Opposition early childhood spokeswoman Sussan Ley said the legislation was well-intentioned but the Coalition was concerned that since many support services were already provided in some form, much of the program funding would be spent on more bureaucracy. But her party supported the Bill.http://www.heraldsun.com.au/news/more-news/teen-parents-made-to-finish-school/story-fn7x8me2-1226204068943
West Ham, Brighton and Arsenal opened their training grounds to players on Monday as Premier League clubs took steps towards a potential re-start. West Ham players have been allowed back to their training ground The English top-flight is reportedly eyeing a resumption of the season on June 8 behind closed doors due to the coronavirus pandemic. “Project Restart” could see the 20 Premier League clubs resume full training by May 18, allowing players a three-week “pre-season”. Premier League chiefs, due to meet with clubs on Friday, are committed to finishing the season, with Liverpool on the brink of their first English top-flight title for 30 years. Brighton said in a statement on Monday that the club were allowing “restricted external access to the training pitches for first-team players only, for non-compulsory individual training”. “Players will need to book and be allotted staggered arrival slots, allocated their own area to train and expected to fully adhere to social distancing rules while doing so, and when arriving and exiting the facility,” the statement added.Advertisement A West Ham spokesman said players in apartments or without safe access to green spaces were permitted access to training pitches. “Access will be limited to one player at a time and all sessions will be in line with government guidelines around social distancing,” he said. An Arsenal club spokesman confirmed on Saturday that players would be allowed to return this week but access would be carefully managed. Premier League Read Also: EPL clubs briefed on proposed hotel lockdown ahead of return It was unclear whether manager Mikel Arteta, who tested positive for the virus last month but has since recovered, was present on Monday. Britain, on lockdown until May 7 at the earliest, has been one of the countries hardest hit by the pandemic, with more than 20,000 hospital deaths. FacebookTwitterWhatsAppEmail分享 Loading… 
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Sept. 30, 2007PENSACOLA, Fla. – UWF hosted the NCAA Division II Wilson/ITA South Region Championships at the Ralph “Skeeter” Carson Tennis Complex this past weekend. In the men’s singles bracket, after two early round wins, Nicolas Barrientos (Cali, Colombia) defeated teammate Eduardo Cavasotti (Florianopolis, Brazil) 6-2, 7-5 to advance to the finals to face Valdosta State University top seeded Florian Halb. Halb defeated Barrientos in straight sets (6-4, 6-2) to earn the singles regional championship and a trip to the national tournament.In men’s doubles, Barrientos teamed with Jose Ycaza (Ecuador) for three early round wins, including a 9-8 win over Valdosta State’s Halb and Michael Kuech, to advance to the finals. Barrientos and Ycaza fell short in the finals against the Valdosta State team of Joerg Ekkenga and Leos Jelinek by a 8-4 score. Thus the Valdosta State team earned the doubles regional championship, and a trip to the national tournament. West Florida’s other top doubles team of Eduardo Cavasotti (Florianapolis, Brazil) and Luis Arboleda (Medellin, Colombia) had reached the semifinals also falling short to the eventual champions Ekkenga and Jelinek.In other singles play, the Argos Luis Arboleda won two matches before falling to the top seeded Halb by a 7-6, 6-3 score. Ycaza also won his first two matches before being knocked out by Leos Jelinek of Valdosta State 6-4, 6-2. Luiz Bernardi and Jordan Mead each had opening round wins before bowing out in round two. Gui Jasmin defeated Lucas nunes (West Alabama) to advance to the consolation finals before bowing to Carlin Tighe of West Alabama by an 8-4 score.In other Doubles play, Arboleda and Cavasoti reached the semifinals before bowing to the eventual champions Ekkenga and Jelinek in a close 9-7 match. meanwhile Jasmin and Mead reached the finals of the consolation round and were defeated by Harris and Meintjes of West Alabama by an 8-5 score.(by Gui Amaral Jasmin) Print Friendly Version Share UWF with Strong Individual Performances in South Regional Championships
Clarke said: “I don’t think you can say everything is back to normal because what happened, the whole episode, is something that didn’t need to happen. (But) I’m really pleased the club have come out with this statement because it gives me the chance as a head coach to move on. “That’s what myself and the players need to do. We need to move on and concentrate on the football. I think it is important you try and keep your squad together. That’s what I’ve tried to do.” But Clarke admitted there may be some issues to resolve over time. “It is difficult to comment on whether there is any hostility between individual members of the squad. They are in a different dressing room from me,” he said. “Will Odemwingie’s return have a destabilising effect? No it won’t. I’m convinced of that. I couldn’t deal with the matter until now. There was no resolution. Now there is a resolution we can move forward as a group of players. That is important.” “I’m sure some of them will be happy the matter is resolved. In fact I’m hoping most, if not all of them, are happy the matter has been resolved and we can move on as a group of players.” Clarke confirmed that left-back Goran Popov had also been disciplined for spitting in the direction of Tottenham full-back Kyle Walker during last weekend’s game. The Macedonia international will have to serve a three-match ban – starting with the visit to Liverpool. Clarke said: “He has been disciplined, he has apologised to everyone. I’ve spoken to Goran face to face. The players had a couple of days off and Goran came in every day looking for someone to apologise to. He has taken it badly and as far as I’m concerned it’s done and dusted and we move on from that as well.” Press Association West Brom head coach Steve Clarke insists the return of Peter Odemwingie will not have a destabilising effect on the rest of the squad.
Clarke was unaware of an alleged bust-up between Odemwingie and right-back Steven Reid but believes his side are professional enough to deal with any tension in a positive manner. Albion released a statement on Friday afternoon confirming the Nigerian international had been disciplined and had apologised for his recent actions. The 31-year-old issued a series of Twitter rants against the club after a transfer request was rejected. He then memorably turned up at Loftus Road without permission on transfer deadline day only to be left in the cold as his planned move to QPR collapsed. 
Defending champion Nicolas Colsaerts and former winner Ian Poulter face a battle to remain in the Volvo World Match Play Championship after losing their opening group games in Bulgaria. Press Association Colsaerts was five down after just nine holes to South African Branden Grace before eventually losing 4&3, while Poulter started with three straight birdies at the spectacular Thracian Cliffs but also carded four bogeys and a double bogey in a 3&2 defeat to Thongchai Jaidee. Ryder Cup team-mates Francesco Molinari, Graeme McDowell and Peter Hanson fared better with wins over Henrik Stenson, Chris Wood and George Coetzee respectively, while Carl Pettersson beat Thorbjorn Olesen, Gonzalo Fernandez-Castano saw off Jamie Donaldson on the 18th and Richard Sterne halved with Bo van Pelt. 
The good news for Colsaerts and Poulter is that the three-man group format allows them the chance to reach the last 16 with a win on Friday, with Colsaerts actually progressing via a play-off last year after drawing one game and losing the other. “It’s not often you lose in match play and everything is fine,” said Poulter, who refused to blame struggling with stomach cramps for his shock defeat. “I got off to a great start with three straight birdies but made a few mistakes and gave him holes today, which you don’t do in match play. If you hit a couple of errant shots on this course you’re going to struggle to get back.” Colsaerts was never in front against an inspired Grace, who holed from 45ft on the third for one of his five birdies on the front nine, but said: “I’m not worried because my game is so close to where it was the last two years. It’s just about inches here and there. “I know if I play well tomorrow I am at least in a play-off and I feel like this course suits me as well as any other.” 