Four in five institutional investors are expecting an impact on operations from Brexit, according to a survey conducted by State Street.The company quizzed 111 asset owners and alternatives managers from around the world about their attitudes to the UK’s expected departure from the EU.The survey forms the basis for State Street’s new Brexometer study – a quarterly gauge of views and strategies relating to Brexit.Almost one-third of those surveyed said they would require more help to navigate the regulatory implications of Brexit. Jeff Conway, chief executive for Europe, the Middle East and Africa at State Street, said investors expected Brexit to hit “a range of operational issues”.“Many appear well prepared for Brexit and are proactively putting strategies in place to mitigate any ensuing impact,” Conway added.While almost two-thirds (63%) of investors said they planned to maintain their existing investments in the UK, almost half (48%) said they expected the overall level of investment in the UK economy to fall in the next quarter.Longer term, 31% of respondents said asset owners would cut the amount of risk in their portfolios over the course of the next 3-5 years.However, one-quarter said asset owners were likely to increase risk.Michael Metcalfe, head of global macro strategy at State Street Global Markets, said a weak currency had aided inflows into UK assets in the six months since the UK voted to leave the EU.“Foreign institutional equity investors are particularly strong buyers of UK equities of late,” he added.The FTSE 100 gained 19.5% between 24 June and 13 January, when it hit a record close of 7,337.8.The FTSE 250, which is more domestically tilted, gained 15.8% in the same period.A Fidelity survey of its own regional analysts revealed that 60% believed Brexit would have a “moderately negative” impact on their companies.Almost half (49%) of the company’s European analysts said their companies were “less willing” to invest in the UK over the next two years while the Brexit negotiations took place.This week has seen UK prime minister Theresa May give her first public speeches about her hopes for Brexit negotiations with Europe.EU leaders have warned that discussions will be difficult, and that the UK cannot expect to be better off outside of the union.
Aker BP and Framo have entered into a long-term contract for seawater lift pumps maintenance which covers all of the five field centers where Aker BP is the operator.This is a continuation of the pilot contract signed by Aker BP, pump supplier Framo and technology company Cognite during ONS in 2018.In 2018, the two companies and Cognite, a global AI software company, set up a digital pilot effort for predictive maintenance of the seawater lift pumps on the Aker BP-operated Ivar Aasen field.According to Aker BP, the new contract represents a huge step within digitalization and predictive maintenance.Going forward, algorithms and sensor data will help Aker BP to increase uptime and reduce maintenance on its seawater lift pumps.The new ‘smart’ contract has a duration of six years, with an option for an additional six years.“Cooperation with Cognite, along with sharing of data, have been essential in arriving at both algorithms, digital boards and an incentive model that ensures value for both Aker BP and Framo. This way of working is in line with Aker BP’s strategy where we create added value together with strategic partners,” says Kjetel Digre in Aker BP.“Basing contract models on real-time data has been uncharted territory. With the release of these data flows, Framo has been able to predict the condition of equipment, foresee what will happen with the pumps in the future, and in turn plan effective maintenance. Together with Aker BP, we have altered the traditional approach to maintenance. We are now continuing this cooperation into the future and over to the other fields,” says Trond Petter Abrahamsen, managing director in Framo Services.
TEAM Evolution’s Orville Hinds will try to make a successful defence of his Diamond Mineral Water (DDL) 35-lap title when cycle coach Hassan Mohamed stages the 12th edition of the race beginning at 09:00hrs in the National Park.Hinds, who won the event last year in one hour 19 minutes 58 seconds, will have to be wary of a number of riders who, since the 2017 season started, have been showing very good form. Among them are Stephano Husbands, Andrew Hicks, Jamal John, Hamza Eastman and Paul DeNobrega.Raphael Leung is expected make a successful defence of his 10-lap Juvenile title, which he won last year in a time of 23 minutes 28.18 seconds, while Junior Niles of Team Coco’s will strive to do likewise, as he has been in tremendous form since the 2017 season began in January. Niles clocked 11 minutes 46 seconds for the five-lap race last year.Keon Thomas will be out to defend his mountain bike five-lap race title, which he won in 25 minutes 45.21 seconds last year.Representatives of DDL will be on hand to witness the event as well as to make the presentations to the respective winners.
Every year, University of Wisconsin undergrads wake up way too early for a chance to buy season tickets for Badgers football online.For the 22nd year in a row, the 12,300 undergrad spots sold out, and some students waited in vain once the tickets ran out.Here’s what it’s like:1. Set all the alarms GUYS I’M REALLY FUCKING EXCITED, ONE TWEET JUST WASN’T ENOUGH #SEASONTICKETS #ONWISCONSIN— Dan Stoehr (@dan_stoehr) June 16, 2014Best day of the year @UWMadison @UWBadgers I’ll refresh on 2 of my computers, and let the other two be.— Miller Jozwiak (@jozwiakmiller) June 16, 201411. Look at tweets of others helping Badgers get tickets and consider reaching out (SO to those who help)https://twitter.com/BrockD73/status/478529336921034753 I hate this. I love football. I want tickets. #Badgers— Tori Blume (@T_Blume) June 16, 2014 6. If you’re lucky, this will be you (bonus points for those who are successful for the first time ever)One minute in and I got @BadgerFootball tickets. It must be my lucky day! #miraclesdohappen #OnWisconsin— Taylor Zimprich (@TZBALLA) June 16, 2014 Alarms set… Badgers tickets tomorrow morning. @UWMadison #OnWisconsin pic.twitter.com/KVfOhrcUJq— Brian Radday (@BrianRadday) June 16, 20142. Sleep through first two alarms because waking up is the worst (bonus points to those in the West Coast)https://twitter.com/ireneski317/status/478502758299865088 https://twitter.com/the_real_tony03/status/478396184554258432https://twitter.com/Megan_Hakes/status/4785049130312704003. You’re finally up, so power up everything in your house that can access the Internet 4. Tweet about how stressed you’ll be 9. “WHY AM I THE ONLY ONE WHO HASN’T GOTTEN TICKETS?” 12. But you’re finally in! It’s over! 5. It’s 7:30 a.m. The waiting beginsThe struggle is real. #Badgers #Football pic.twitter.com/9YLcQ0GabO— Courtney Rehr (@courtneyrehr) June 16, 2014 https://twitter.com/kenningsjatie/status/478521486840307712https://twitter.com/AnnaBananaaaa12/status/4785205644122030087. But you’re probably not lucky https://twitter.com/kkulow20/status/478529732737130496https://twitter.com/mattymach2/status/478525982945468418 4 years of season tickets. So glad to never have to log in on a Monday again. #Badgers pic.twitter.com/SApEtYmM5d— Jacob Berchem (@jakeberk) June 16, 2014 10. *considering refreshing*@UWMadison does refreshing the page help you or hurt you— Miller Jozwiak (@jozwiakmiller) June 16, 2014 Every single snapchat story I just had was about season football tickets #badgers— Deena Tenzer (@deenatenz) June 16, 2014
The chairman of the CCCC has dismissed allegations by Dublin football manager Jim Gavin that the media influenced the decision to impose a 12 week ban on Diarmuid Connolly.In an extraordinary press conference, Gavin labelled some of the coverage as “bile” and refused to grant one-on-one interviews to broadcast media.Connolly won’t feature for the Dubs until a potential All-Ireland semi-final as a result of the suspension. Gavin was particularly critical of RTE and The Sunday Game over their coverage of the issue, and said many similar incidents have since gone unnoticed.He was then asked in what way was Connolly attacked by the media.
Brands and Marketing Director at StarTimes, Qasim Elegbede, said the company is steadily fulfilling its commitment to deliver a fine mix of sporting cocktail live to its customers and football lovers.â€œWe have shown and we will continue to demonstrate that our focus is on satisfying our subscribers by bringing to their living rooms live matches from the biggest players and clubs in top European leagues. This upcoming cracker is another opportunity to excite our subscribers,â€ he said.StarTimes will also thrill subscribers with scintillating live matches of Ligue 1 league this weekend. League leaders Paris Saint German with 29 points from 11 games will be traveling down to Bouin to play Angers who are have gathered 13points from 11games, while second place, Monaco will confront Guingamp at the Stade Lous II.Other matches slated for the same day include Montpellier, Amiens and Nantes; Toulouse and Strasbourg. The Stade Saint-Symphorien will see Lille squaring up with last place Metz also today.Â SundayÂ will see Nice face Dijon while Lyon will encounter St Ethiene.StarTimes is the leading digital-TV operator in Africa, covering the entire continent’s population with a massive distribution network of 200 branded halls, 3,000 convenience stores and 5,000 distributors.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram StarTimes subscribers will continue to enjoy live matches from the Bundesliga season as Borussia Dortmund slugs it out with Bayern Munich this weekend on StarTimes World football (channel 254 and 245).Bayern Munich is presently leading the table with 23 points, three points ahead of second placed Dortmund heading into the clash. Bayern striker Lewandoski will be fit to return for clash, as league leaders.FC Augsburg will also host Bayer Leverkusen at the WWK Arena same day, Gladbach will welcome Mainz 05, while RB Leipzig will play Hannover 96 to the Red Bull Arena, the action spills intoÂ SundayÂ with Cologne versus Hoffenhaim match atÂ 2:30pmand Hertha berlin will go up against Wolfsburg.
“Everybody’s fake acting like they care about KD’s best interest when they don’t,” Rose said. “It’s phony to me.””Everybody’s fake acting like they care about KD’s best interest when they don’t. It’s phony to me.”—@JalenRose pic.twitter.com/rXXXOShF2H— First Take (@FirstTake) June 11, 2019MORE: Warriors players call out Raptors fans for “bulls—” behavior Fans who tuned in to watch Game 5 of the NBA Finals between the Raptors and the Warriors were shocked to see Kevin Durant go down with another injury in his first game back from a right calf strain. He scored 11 points in just 12 minutes on Monday night before suffering an Achilles injury.ESPN’s Jalen Rose appeared on “First Take” on Tuesday morning to express his feelings about the injury and whether KD came back too soon. When asked if Durant should have played in Game 5, Rose replied with an “emphatic no” and proceeded to criticize the “overall culture of sports.” Durant was called “soft” and accused of not being committed to his team, according to Rose, who believes this continuous chatter pushed Durant to return sooner than he should have. On Friday, Rose even told the “NBA Countdown” crew that Durant’s workout with the team didn’t go well and a return was looking less likely. Since Durant’s injury, many fans and players have come out in support of the two-time Finals MVP. Warriors general manager Bob Myers even broke down in tears during a press conference after Golden State’s Game 5 win while discussing the injury, but Rose isn’t convinced that all of the love being shown for Durant is genuine. The Warriors reportedly believe an MRI will confirm Durant has a torn right Achilles. An injury like this could leave him on the sidelines for an entire year, which will cause a ripple effect around the league. Durant is set to become a free agent on June 30 and will be eliglible for a supermax contract.
Ogier’s former employers Citroen have already announced their driver line-up for 2017, as have South Korean outfit Hyundai.That leaves the French ace with a possible move to Toyota or Ford.Ogier and his teammates enjoyed a phenomenal success rate with the Polo, winning 42 of the 51 rallies they competed in with 621 best times in special stages.“The team has done great things,” said VW Motorsport director Sven Smeets.“At the same time, our vision is firmly ahead, because we are aware of the great challenges facing the entire company,” added Smeets.“From now on, the focus is on upcoming technologies in motorsport and on our customer sports range.”News of VW’s decision to turn their back on rallying comes eight days after they agreed to pay US suppliers $1.2 billion to settle claims emanating from the Dieselgate pollution scandal.Share on: WhatsApp Wolfsburg, Germany | AFP | Volkswagen, world champions for the past four years with Sebastien Ogier, said Wednesday they are withdrawing from the world rally championship dealing a major blow to the series.The German auto giants, reeling from the Dieselgate scandal, announced last week that luxury brand Audi was pulling out of Le Mans and the endurance world championship to concentrate on Formula E.The shock withdrawal means that Ogier, who has already secured the 2016 title, along with other team drivers Finland’s Jari-Matti Latvala and Norwegian Andreas Mikkelsen are jobless.But Ogier at least seemed confident.“I feel so sorry for my fantastic team. We had four outstanding years! Thanks for their passion and support! Don’t worry about me, we’ll see us again,” Ogier said on Twitter.The Volkswagen board decided on the rally withdrawal at a meeting on Tuesday at the Wolfsburg headquarters.“The commitment to the FIA world rally championship is coming to an end after four historically successful years, in which Volkswagen won WRC titles in the driver, co-driver and manufacturer rankings in a row with the Polo R,” the company said in a statement.Since their arrival in 2013 VW have enjoyed unprecedented WRC success with Frenchman Ogier driving to four consecutive world titles to go with the constructor’s honours.
By John Burton |RED BANK — President Donald Trump’s action last week, laying the groundwork for the possible repeal of what is commonly called DACA, has its supporters. But it has others fearful for their future.“We’re not a whole load of bad people,” said 19-year-old Red Bank resident Javier Veliz, a self-described “dreamer” who now faces an uncertain future given the president’s move. “We’re here like everybody else, to acquire the American Dream.”Veliz has been living in the United States for 18 years, since his family entered the country without documentation from their native Guatemala. Because of the Deferred Action for Childhood Arrivals (DACA), President Barack Obama’s 2012 executive order, Veliz was able to get a valid driver’s license, work a job on the books paying state and federal taxes, and begin studying mechanical engineering at Brookdale Community College. “All these things that people take for granted,” he said.U.S. Attorney General Jeff Sessions announced on Sept. 5 that the president would be rescinding President Obama’s executive order within six months if Congress fails to act upon it. Should Trump carry through on his repeal, these young people could face the loss of employment and educational opportunities and possibly deportation for them and family members, since federal officials have access to their personal information from their initial DACA applications.No one who is not currently participating can enroll, and for existing participants everything is now on hold.Faced with congressional inaction on the long-languishing DREAM (Development, Relief and Education for Alien Minors) Act, Obama in 2012 signed his executive order creating DACA. The order allowed those who came as minors (younger than 16) to the U.S. illegally with their families, to legally work, pursue higher education and apply for financial aid, and serve in the military, giving them access to the “American Dream,” hence the name “dreamers.” Proponents saw this as a humane way to help those who really had no part in violating immigration law lead productive lives.Opponents, such as Sessions when he was a U.S. senator, and Trump, called it a violation of the rule of law. Trump who, when he was on the campaign trail, criticized it as unconstitutional and an attempt to usurp Congress’ role in the immigration debate.Trump was facing pushback for not fulfilling his campaign pledge to repeal DACA, resulting in nine Republican state attorneys general bringing suit against the president. And Trump’s decision to repeal the Obama-era order met with approval from stalwart Trump supporters.Barbara Gonzalez, co-founder of the Bayshore Tea Party Group, a conservative grassroots organization operating in the Bayshore area, voiced support last week for the president’s action. In an email message Gonzalez said, “What President Trump is doing, by giving it to Congress to come up with a better plan, is the way it should be done and should have been done in the first place.”Gonzalez went on to say: “We must take care of our own country in order to be helpful to anyone else. We must fix the immigration system so it works better, but we cannot just allow people to come to our country illegally and act like it never happened…”But there was loud and substantial criticism for Trump’s move. It came from some fellow Republicans and political opponents, civil rights and advocacy groups from around the country, from the Catholic Church and other religious groups. “I don’t believe this decision represents the best of our national spirit or the consensus of the American people. This decision reflects only the polarization of our political moment,” said Archbishop Jose H. Gomez, Los Angeles, chair of the U.S. Council of Catholic Bishops’ Committee on Migration, in a released statement.Steve Bannon, former Trump chief strategist, criticized the Catholic groups for their criticism on the Sept. 10 episode of CBS’s “60 Minutes,” alleging the Church has “an economic interest in unlimited immigration, unlimited illegal immigration.”Frank Argote-Freyre, director of the Latino Coalition of New Jersey, a Freehold-based advocacy group, said this measure has the potential to disrupt the lives of approximately 22,000 in New Jersey who are participating in the DACA program. According to some sources, as many as 800,000 are registered nationally with the program.Argote-Freyre called DACA, “A lifeline, a thread of hope,” for many. Looking to repeal it, he added, “It just feels like a betrayal of American values…It’s heartbreaking, really.”Jocelyn Rojas is a 21-year-old Red Bank resident, a “dreamer” who, along with other area students from immigrant families, started the Del Otro Lado Club in the borough, which seeks to offer support and facilitate resources for the Latino community, hoping to build a bridge between Hispanics and the established community. Rojas said she knows of approximately 100 dreamers in Red Bank alone. “We’re all definitely worried about what could happen,” she said.“It’s improved my quality of life all around,” said Monica Urena, 21, a Red Bank resident, of DACA. She’s been able to get her driver’s license, which allowed her family to have a car and transportation; it’s allowed her to get a work permit and get a job; and as a Rutgers University student, majoring in international business, she was able to obtain an internship with a New York City financial firm. “I wouldn’t have been able to do any of that without it,” she said.Urena said a lot of her friends are worried the administration will repeal DACA. Urena’s concerns sometimes lead her to ask herself, “Why am I getting a degree if I’m not going to be able to get employed?”This is a work in progress and the last chapter is far from written. Trump himself, despite the strong rhetoric during his campaign, has lately moderated his words and tone on the Dreamers. “I have a great heart for the people we’re talking about, a great love for them,” he said last week during a White House meeting on tax reform. The president also maintained he would revisit the issue should Congress fail to address it legislatively.Argote-Freyre doesn’t hold out much hope for congressional action, given the lack of movement on the issue during both the George W. Bush and Obama administrations. “Given that paralysis,” he said, “I don’t see what magically will change now.”For those young people in the Two River area who fear for their future, the strategy now is to make their voices heard and force Congress’ hand in finally addressing immigration issues.“I see these kids. They tell me they want a life, they want a future,” said Alvaro Aguilar, speaking of the younger generation he comes in contact with as he coaches soccer in his hometown of Red Bank. “And that’s why I will fight for this.”Alvaro Aguilar of Red Bank, right, and other members of the immigrant advocacy group Movimiento Cosecha demonstrated outside Trump Tower on New York’s Fifth Avenue last week and were arrested for failing to disperse.Aguilar, 29, has taken advantage of DACA to work and is involved with Movimiento Cosecha, a loose-knit, nationwide immigrant advocacy group. Aguilar and other members demonstrated out side Trump Tower on New York’s Fifth Avenue last week and were arrested for failing to disperse. “I wanted to do this for them, to let them know they’re not alone,” he said. “We’ve got to do this together.”The thought of DACA ending is upsetting to Urena. “DACA is an amazing program and it’s given me so much. But the reality is it’s a Band-Aid on a really big issue that needs to be addressed,” she said. “I’m hoping instead of this being a negative thing, it’s actually going to be the push we need for Congress to finally change and reform the immigration system.”On the legal front, Democratic state attorneys general from 16 states, led by New York’s Eric Schneiderman, have filed a lawsuit looking to block the reversal of Obama’s executive order establishing DACA. As part of their legal argument, the attorneys general allege, among other assertions, Trump has displayed in his public comments a racial animus toward some ethnic groups that have relied on the program, Schneiderman has told media outlets.They expect to make their initial arguments before a federal judge within the coming weeks, Schneiderman added.This article was first published in the Sept. 14-21, 2017 print edition of The Two River Times.