TORONTO – Hudson’s Bay Co. is eyeing a joint venture in Europe with an Austrian department store heavyweight it previously rebuffed.The Canadian retailer said it is in talks with Signa Holding GmbH, a European company that made an unsolicited bid late last year for HBC’s German operations, but withdrew the offer earlier this year after it was rejected by the HBC board because it undervalued the business.A statement HBC released Friday said the pair recently signed a non-binding letter of intent “with respect to the exploration of a potential joint venture,” but noted that “there can be no assurance that any such discussions will ultimately lead to a transaction” and that any deal would still be subject to board approval and third-party consents that are out of HBC’s control.Signa owns Kardstadt, a department store that sells everything from apparel to household appliances, while HBC runs similar businesses overseas called Galeria Kaufhof and Galeria INNO.A potential deal between the two could pave the way for a German department store monopoly and signals that HBC still sees value in Kaufhof, despite its European operations seeing a 6.6. per cent decrease in overall comparable sales in the last quarter.HBC scooped up Kaufhof from German retailer Metro AG in 2015 for 3 billion euros ($4.5 billion CDN).HBC declined to make a representative available to discuss the potential deal it is eyeing, but said it released a statement Friday in an effort to quiet recent reports suggesting that it had signed a binding agreement to sell or combine business or properties.It said it publicized the exploration of a deal with Signa because it believes “it is prudent to advise stakeholders.”Some of those stakeholders have been tussling with HBC for years now, especially given the retailer’s rocky recent performance that included a $400-million loss in the first quarter of 2018, compared with a loss of $221 million a year ago.The most outspoken of the stakeholders has been Jonathan Litt, chief investment officer and founder of activist investor Land & Buildings Investment Management, who has repeatedly complained that HBC is really a real estate company, not a retailer, that has failed to outline a plan to unlock the “substantial real estate value trapped in the company.”Last month, he released a note saying HBC should look towards American department store chain Macy’s as HBC’s underperfomance “has become even more pronounced.”“Hudson’s Bay could learn a lot from the way Macy’s has built a credible real estate team to help drive its turnaround,” Litt wrote, at the time. “One could even reasonably ask whether the most logical course for HBC at this point would be an acquisition by Macy’s as opposed to trying to play catch up.”While Litt has been outspoken about the company’s real estate, a Lands & Building spokesperson declined to comment Friday about its take on HBC being in talks with Signa.Companies in this story: (TSX:HBC)
WASHINGTON — Treasury Secretary Steven Mnuchin (mih-NOO’-shin) is urging Republican senators to support the Trump administration’s decision to ease sanctions on companies linked to Russian oligarch Oleg Deripaska.Mnuchin met privately with senators Tuesday before a vote on a resolution from Democrats. That measure would prevent the administration from lifting penalties against the aluminum manufacturing giant Rusal and two other companies connected to Deripaska.Speaking to reporters after the meeting, Mnuchin said, “We have been tougher on Russia with more sanctions than any other administration.” He said the sanctions “shouldn’t be a political issue.”The Treasury Department says the Russian companies have committed to separating from Deripaska. It also warns the sanctions could upset global aluminum markets.Democratic Senate leader Chuck Schumer protested what he called “sanctions relief for President Putin’s trusted agents.”The Associated Press
Rabat – King Mohammed VI has sent a message of solidarity and condolences to King Felipe VI and Queen Letizia of Spain after two terrorist attacks on Thursday left 14 dead and at least 100 injured in central Barcelona.In his message, the sovereign condemned the attacks, which undermined the security and stability of the kingdom’s neighbor country. The king stated that the criminal act is contrary to all human values and religious precepts.The king also expressed his condolences to the victims and their families. For those injured, he wished them a speedy recovery. In the statement, the monarch reaffirmed Morocco’s commitment to fight against terrorism.
The message, said to have been based on high-level intelligence reports, was passed on around the time when four men, who are former LTTE cadres, were arrested in the North earlier this month. Asked if it was related to the security threat, Sumanthiran said: “I cancelled my trip not on account of a security threat, but for some other reason. But I learnt later that four persons were arrested on suspicion that they had been ready with an assassination attempt for the 13th [of January] when I was supposed to be there as per the original plan.”On the alleged link of the former LTTE cadre to the assassination plot, Sumanthiran said that most rehabilitated cadres were struggling to make a living. “We too have asked the government to initiate a programme for livelihood assistance to them. In the absence of such support, they are easy targets for exploitation by people with political motives.”Following the arrests of the two former LTTE members in Kilinochchi, TNA MP S. Shritharan, from Kilinochchi, recently told Parliament that the government continued targeting former LTTE cadres who had been rehabilitated. Speaking to The Hindu on Friday, he said: “They are still viewed with suspicion. With no jobs, they struggle to make ends meet.” (Colombo Gazette) A well-placed source in the Government, on condition of anonymity, had told The Hindu that “such a message was delivered to Sumanthiran”. Speaker Karu Jayasuriya informed the authorities today to look into the security of Parliamentarian M.A. Sumanthiran.The Hindu newspaper had reported recently that the Prime Minister’s office sent a message to the TNA Parliamentarian about a “serious security threat” to his life that Sumanthiran needed to be aware of. When contacted, the police officer in charge of the police station in Kilinochchi where two of the arrests were made, has told The Hindu the Terrorism Investigation Division (TID) was handling the case. The TID was not available for comment. A lawyer appearing for the arrested persons, who also did not want to be named, said the police told a magistrate court that the arrested men were in possession of claymore mines and detonators.Confirming that he received a security threat, Sumanthiran told the Indian newspaper the Government informed him about it, sharing some specific details. On January 13, the parliamentarian, who was to be in Jaffna to participate in an event, cancelled his trip at the last minute.
According to the report, an estimated 10 per cent reduction in tourism would mean 8.8 million jobs lost, of which 1.1 million would be in the United States and 1.2 million in the European Union. The survey suggests US job losses could reach up to 3.8 million, depending on how travellers reacted in the coming months.The report noted that some 207 million people worldwide work in the travel and tourism sector. Before 11 September, that sector was already facing a slowdown in demand due to weak global world economic trends. Further, the impact has worsened since travel and tourism is the most vulnerable of all sectors to the threat of insecurity. Jobs affected immediately include marginal, part-time or shift labour in hotels, ground tour and excursion companies, the catering trade, travel agents, tour and cruise ship operators and service industries. “Many companies in the sector are highly dependent on strong and regular cash flows to meet their fixed commitments,” the report states. “Some are now faced with a struggle for their very survival.”While the short-term impact will be severe, the ILO report projects that the long-term impact will depend on further events and whether the industry can recover quickly from the unprecedented fallout and worldwide impact of 11 September. The report will form the basis for discussions at an ILO crisis meeting on the hotel and tourism sectors to be held in Geneva on 25 and 26 October. Government, employer and worker representatives will meet to assess the tourism crisis and address means for easing its impact.
Valeant faces U.S. Senate probe of three drugs that saw prices skyrocket by Ross Marowits, The Canadian Press Posted Nov 4, 2015 7:56 am MDT Last Updated Nov 4, 2015 at 3:01 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email FILE – In this Thursday, Oct. 1, 2015, file photo, carrying an image of Turing Pharmaceuticals CEO Martin Shkreli in a makeshift cat litter pan, AIDS activists and others are asked to leave the lobby of 1177 6th Ave. in New York, during a protest highlighting pharmaceutical drug pricing. A Senate committee tasked with protecting seniors launched an investigation Wednesday, Nov. 4, 2015, into drug price hikes by Turing, Valeant Pharmaceuticals, Retrophin Inc. and Rodelis Therapeutics, responding to public anxiety over rising prices for critical medicines. (AP Photo/Craig Ruttle, File) MONTREAL – The political scrutiny of Valeant Pharmaceuticals is heating up as the U.S. Senate formally launched a probe Wednesday into skyrocketing prices for three of the company’s prescription drugs.The Senate’s special committee on aging said it had requested documents and information from Valeant (TSX:VRX) and three other drug companies.Also requested were documents from Turing Pharmaceuticals, Retrophin Inc., and Rodelis Therapeutics amid a public outcry over the hikes, most notably Turing’s move to raise the price of Daraprim by 5,000 per cent after obtaining rights to the drug. The medicine is the only U.S.-approved treatment for a deadly parasitic infection called toxoplasmosis.Past political focus on Valeant in the U.S. has been on the heart drugs Isuprel and Nitropress. But in a letter to Valeant CEO Michael Pearson, the Senate committee is also seeking information on Cuprimine, used to treat Wilson’s Disease, an inherited disorder that can cause severe liver and nerve damage.Cuprimine’s price soared nearly 3,000 per cent to US$26,189 for 100 capsules from US$888 after Valeant purchased the rights to it. Nitropress increased 625 per cent and Isuprel by 820 per cent, the Senate letter said.Republican Senator Susan Collins and ranking Democrat Senator Claire McCaskill asked for Valeant’s co-operation by turning over analysis, documents and historical financial data.They also wanted a list of countries where the drugs are sold or are expected to be sold in the next two years and the corresponding prices.A hearing on the issue is tentatively scheduled for Dec. 9.“We need to get to the bottom of why we’re seeing huge spikes in drug prices that seemingly have no relationship to research and development costs,” said McCaskill.Some of the increases resemble “little more than price gouging,” she added.Valeant said it would co-operate with the committee’s inquiry.“Valeant manages a large portfolio of medicines and the prices of individual drugs fluctuate due to a number of factors, including the cost of development and acquisition and complexities in the health-care cost reimbursement system,” said spokeswoman Laurie Little.She said the list price of any drug doesn’t typically reflect the actual amount paid since the company provides financial assistance to make them more affordable.Valeant is already under investigation by members of the House of Representatives for its general business strategy, which involves buying smaller drug developers and then jacking up prices on their medicines.House Democrats called Wednesday for the Republican chairman of the committee on oversight and government reform to hold a vote Nov. 17 on its request that a subpoena be issued to Pearson and Turing CEO Martin Shkreli. The Democrats want to compel Pearson to produce documents they say he has been withholding for months.“When corporate executives like Mr. Pearson and Mr. Shkreli engage in abusive business practices to enrich themselves and their shareholders at the expense of patients, hospitals and other health-care providers, they should be held accountable for their decisions,” the Democrats added in a separate letter.Valeant said it has also received multiple subpoenas from federal prosecutors.The Quebec-based company’s shares have dropped more than 65 per cent since August over the pricing issue and ties to specialty pharmaceutical company Philidor Rx Services. Philidor is winding down operations after Valeant and other customers severed ties with it.Valeant shares closed down more than five per cent to $121.20 Wednesday on the Toronto Stock Exchange.— With files from The Associated PressFollow @RossMarowits on Twitter.
What’s in a neighbourhood name? Experts say marketability, heritage at stake City of Edmonton Principal Planner Cory Sousa poses for a photo in Edmonton on Thursday, May 5, 2016. Sousa is a part of an initiative to name Edmonton streets, infrastructure and neighbourhoods. THE CANADIAN PRESS/Amber Bracken by Alexandra Posadzki, The Canadian Press Posted May 13, 2016 2:00 am MDT Last Updated May 13, 2016 at 8:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email TORONTO – Edmonton’s naming committee wanted to call the new neighbourhoods Balsam Woods, Golden Willow and River Alder — names that pay homage to local tree species and the area’s natural geography.But the city’s executive council ultimately sided with the developers, who favoured The Uplands, Stillwater and River’s Edge.Experts say the quarrel that came to a head in March highlights the growing role that marketability is playing in the naming of new neighbourhoods.“Neighbourhoods used to be named based on their historical origins, but now it’s much more geared towards creating something that sounds hip and cool,” says Susannah Bunce, assistant professor of human geography and city studies at the University of Toronto Scarborough.“The naming of neighbourhoods can be part of a larger process of gentrification.”Cory Sousa, a planner on Edmonton’s naming committee, says it’s not surprising that the wishes of developers — who have invested big money and are looking for marketable names to help them sell properties — may sometimes clash with those of the committee.While developers are seeking names that roll off the tongue, the committee is striving to preserve the city’s heritage and highlight the flora, fauna and geographic features of the area, says Sousa.Sousa points to the Big Lake area as an example, where an avian theme was used to name five neighbourhoods — Hawks Ridge, Kinglet Gardens, Pintail Landing, Starling and Trumpeter — due to the presence of hundreds of bird species in the area.In another region of the city called Pilot Sound, the committee tapped into Edmonton’s aviation history and named the neighbourhoods after pilots.“Those are the kinds of names that we really like to focus on — honouring all the great people that have done great things,” says Sousa.Bunce says it should be the people who live and work in a particular neighbourhood who decide how it’s named.“They are the ones who live there and have a stronger sense of identification with the place,” she says.Barbara Lawlor, president of Baker Real Estate, a Toronto firm that markets and sells new condo developments, says names can affect not only property values but also the identities of local residents.“Part of how we define ourselves is what area of town we live in,” Lawlor says.“When you say, ‘I live in Yorkville,’ people immediately know that you live in a tony neighbourhood and therefore you’re doing well. Or if you say, ‘I live on Queen Street East,’ they know you’re very trendy and cool.”However, it takes time for a name to take on that sort of meaning, Lawlor adds.“The Bridle Path is one of our most prestigious areas, but if we didn’t have mansions in that area it wouldn’t be significant,” says Lawlor. “A name is just a name until it gathers that character and significance.”Sometimes, efforts to rebrand a neighbourhood can draw the ire of its residents — even when the original name carries with it negative associations.That was the case in 2008, when signs bearing the name “University Heights” were plastered around Toronto’s Jane and Finch intersection.Paul Nguyen, a longtime resident of Jane and Finch, says many community members were upset that money was being dunked into such a superficial fix.“It’s like lipstick on a pig,” says Nguyen, who founded the website Jane-Finch.com in 2004. “Making signs is not going to fix the fundamental problems in the community.”Many residents also felt like the initiative was a rejection of their heritage, says Nguyen.“Jane and Finch is an identity,” he says.“It’s about overcoming obstacles, proving other people wrong, overcoming discrimination. … It’s a badge of honour. A lot of people are proud of that label. It represents overcoming struggle.”Follow @alexposadzki on Twitter.
“I am appalled by the rise of violence targeting media professionals in Somalia,” said the Special Representative of the Secretary-General for Somalia, Augustine P. Mahiga, in a statement. “I send my deepest condolences to the families of the victims and the Somali media community, which has endured death threats, intimidation and assassination attempts for too long.” The total number of Somali journalists killed this year has now risen to 15 while more than 20 have been reportedly injured. The UN has repeatedly called on the Somali authorities to conduct independent and swift investigations into the killings and to bring an end to the cycle of violence and to impunity. According to the UN Political Office for Somalia (UNPOS), the body of sports journalist Abdirahman Mohamed Ali was found yesterday evening beheaded at a former animal market in Mogadishu, and Ahmed Abdullahi Fanah, a reporter for the Yemeni news agency SABA, was reportedly shot dead earlier today. On 21 September, Hassan Youssouf Absuge, a well-known radio journalist, was shot dead as he left the studios of Radio Mantaa, an independent station for which he was the programme director.In addition, three journalists – Liban Ali Nur, head of news at Somali National TV, Abdisatar Daher Sabriye, head of news at Radio Mogadishu, and Abdirahman Yasin Ali, director of Radio Hamar (Voice of Democracy) – were killed and four others injured in a double suicide-bombing at a popular restaurant frequented by journalists in Mogadishu on 20 September.Four days earlier, Zakariye Mohamed Mohamud Moallim, who worked as an independent cameraman, was shot dead in the Nasib Bundo neighbourhood of the capital.“Somalia has entered a new phase. The media needs to be protected in order for the fundamental rights of freedom of expression and freedom of the press to be exercised,” said Mr. Mahiga, adding that “these are preconditions for the construction of a healthy democratic state.” Mr. Mahiga reiterated UNPOS’ call on the Somali authorities to improve its police investigative capacity and said the office stands ready to assist whenever possible.
According to a statement issued by his spokesperson, Mr. Ban is concerned at the recent re-arrest of human rights defender Nabil Rajab, founder of the Bahrain Centre for Human Rights; the dissolution of Al Wefaq, the largest opposition political grouping; and the lengthening of the sentence of Sheikh Ali Salman, of Al Wefaq.The statement also says the UN chief is dismayed by reports suggesting that human rights defenders and activists in Bahrain have been intimidated and even stripped of their citizenship for peacefully carrying out activities to promote human rights, as well as for legitimately exercising their rights to freedom of expression and freedom of association. Mr. Ban is concerned that such actions against the opposition may undermine the reforms undertaken by King Hamad ibn Isa Al Khalifa and lessen the prospect of an inclusive national dialogue in the interest of all people of Bahrain.The statement further said that the UN chief is convinced that the effective implementation of the recommendations of the Bahrain Independent Commission of Inquiry, the Universal Periodic Review and the national human rights institution are important to advance the human rights situation in the country and go a long way towards addressing the concerns and grievances of its citizens.
Ohio State senior forward Jae’Sean Tate drives against the Gonzaga defense in the Buckeyes’ loss to the Bulldogs at the PK80 Invitational in Portland, Oregon on Nov. 24, 2017. Credit: Courtesy of OSU AthleticsOhio State head coach Chris Holtmann has continually reiterated that his team will go as Keita Bates-Diop and Jae’Sean Tate go. The veteran forwards struggled Thursday night and so did the Buckeyes. No. 17 Gonzaga (4-0) buried Ohio State (4-1), 86-59, at the PK80 Invitational in Portland, Oregon.Bates-Diop and Tate entered the game averaging 19.3 points and 10 rebounds on 56.6 percent shooting, and 15.3 points and 7.5 rebounds on 65 percent shooting, respectively. Bates-Diop struggled from the field, making only 2-of-7 shots for seven points and grabbed 10 rebounds. Tate converted 5-of-11 attempts for 12 points and recorded four rebounds. Guard Josh Perkins and forward Johnathan WIlliams led the Bulldogs to victory with 20 points and four assists, and 21 points and five rebounds, respectively. Gonzaga shot a remarkable 58.5 percent from the field and 48 percent from beyond the arc.The Buckeyes and Bulldogs battled back and forth during the first half.After trading leads for most of the first 20 minutes, the two teams suddenly went cold after shooting more than 50 percent each in the first 10 minutes.Freshman forward Kaleb Wesson and Bates-Diop hit a pair of free throws each to cut the Gonzaga lead to two points, but those were the only four points over the final 8:18 of the half for the Buckeyes.Gonzaga guard Zach Norvell Jr. ended his team’s field-goal drought with a transition layup with 4:32 on the clock and igniting an 11-0 run to end the half.Ohio State failed to make a field goal in the last nine minutes of the first half and faced a 44-31 halftime deficit after playing well during the game’s first 11 minutes.Gonzaga freshman forward Corey Kispert exploded for eight quick points in the first three minutes of the second half, including two 3-pointers, and pushed the lead to 52-33.Tate attempted to spark the Buckeyes in the second half, converting an and-1 opportunity and another bucket to cut Gonzaga’s lead to 52-38. The Bulldogs held off the Buckeyes, going on a 14-6 run spanning over the next seven minutes.Ohio State began the game making nine of its first 14 shots, but converted only 10 of its final 41.Turnovers were a major issue for the Buckeyes in the first half. Ohio State turned the ball over nine times, compared to forcing only five Gonzaga turnovers.Freshman forward Kyle Young started the second half for the Buckeyes after Kaleb Wesson picked up three fouls in the first half. The Buckeyes were forced to go small, playing Young, Bates-Diop and Tate in the frontcourt, with Kaleb Wesson in foul trouble and sophomore center Micah Potter sitting out with an ankle injury.Ohio State will take on Stanford, who lost 108-87 to No. 7 Florida, at 9 p.m. Friday.
Later, Mr Curtis unilaterally decided the agreed fee had been £150,000. Setting out his side of the bargain, Allardyce said: “Just know, it’s just delivering, for you, it’s just delivering value for money… they’ve got to enjoy the time they’ve had, enjoy the conversation. Not just the keynote speech but also in the bar after. During the meeting he remarked that Sir Alex Ferguson gets “four hundred, five hundred grand a pop” for speaking engagements, while Robbie Williams got “£1.6 million for a wedding. Just singing”.Less than 20 minutes into the meeting with total strangers, Allardyce had agreed, in principle, to a £400,000-a-year deal to represent a company he had never heard of. The England manager insisted he would deliver “value for money” in helping to attract investors, boasting of his popularity in the Orient. “It’s not only the England manager,” he said, “it’s the beauty of being a Premier League manager all them years like me… I have more pictures taken over there than I have here.” In return, he wanted £100,000 for each trip to the Far East, a figure that went up to £150,000 after an intervention by his agent, Mark Curtis. Naturally, first-class flights and accommodation would also be provided. Sam Allardyce appeared uncomfortable with the conversation and at one point, put a napkin over his faceCredit:Telegraph Shane Moloney, financial advisor to Sam Allardyce, leaves a meeting in London in AugustCredit:Paul Grover for The Telegraph Last week, Allardyce held a second meeting with the fictitious firm’s representatives, this time at Wing’s Cantonese restaurant in Manchester. Around the table were Allardyce, Mr McGarvey and two undercover reporters. Allardyce stressed that before he could sign a contract with the Far East firm, he would have to clear it with the FA, but already he was discussing dates when he could fly out.“We finish our fixtures in early November,” he said, “so between the middle of November and the beginning of March, if you leave Christmas and New Year out, I can fit the dates in then.”Mr McGarvey later turned to the subject of paying people to help secure business, to the deep discomfort of the England boss. Allardyce put a napkin over his head and said: “Oh, oh, you’re not, do not, I haven’t heard that. I haven’t heard that, you stupid man. What are you talking about? You idiot. You can have that conversation when I’m not here.”Later still in the three-hour meal, Mr McGarvey said: “At the end of the day Sam, they know, if I’m going to talk to you about a player, you’re going to advise, you’re going to do whatever. You’re not here for, this is the football. You’re here because, you’re advising on the group, whatever [undercover reporter] wants you to do in that sense. Not football.” Later the conversation turned back to the work of the mysterious company that was to start supplementing the England manager’s salary. “The thing they’re talking about is funding football transfers, aren’t you?” Mr Moloney asked the undercover reporter. The third party ownership of players was outlawed by the FA in 2008 and by Fifa in 2015, and an affirmative answer from the reporter prompted Allardyce’s agent Mr Curtis to ask: “Is that third party ownership a problem though?” Sam Allardyce insisted he would deliver ‘value for money’ in helping to attract investorsCredit:Telegraph “Not on the football side, no,” Allardyce replied. “If you were buying players, that would be no. Because I couldn’t associate my name with any of that.”His agent said: “It’s important that we get that out there rather than anyone being misled or disappointed.”Allardyce was, though, happy to be paid by the firm on a “loose basis” to speak at “intimate” functions and then spend time with carefully selected investors in the bar afterwards.Mr Moloney said: “I know Singapore, China, the idea of an England manager out there in China. Huge. And that’s … that’s the value of it. They’ll come just to be there. To hear him,” he added. “He’s a brilliant speaker. Loves it.”And there was a potential for a closer relationship in years to come, Mr Curtis said. He said that when Allardyce’s time as England manager ended, “that relationship can grow down the line”. Mr Curtis insisted that “there’s no way he will do anything that would compromise himself or the position that he’s got – bring any embarrassment on any employer”. He added that Allardyce would “have to run it past the powers that be” before he could commit to anything, and said: “Now, there might be a different role down the line when he is no longer involved at the FA, whether it’s two years, four years or wherever, but it’s always good to have relationships, for sure.”Allardyce said: “That loose basis that we talked about will be OK – it’ll be all right. I’m not putting myself in a position that the papers can investigate, cause me a problem, or the FA could.”Introducing the subject of money, Mr Moloney said: “And the fees will be sensible?” Allardyce chipped in: “Your guys set the agenda out of what it would look like. Me flying out on a day, landing in Hong Kong or Singapore, staying in this hotel, meeting these people, doing that keynote speech, travelling back either two days later or one day later. If I get there first day, I don’t want to fly in and fly out.”Asked to name a figure, Mr Curtis joked: “I’d want a million pound but I mean you’re not going to pay that.” He went on: “To do that, you pay first class travel, and a hotel. And I would have thought, a hundred thousand pounds.” Also present was Allardyce’s financial adviser, Shane Moloney, from the chartered accountancy firm Shipleys. Mr Moloney told the undercover reporters: “The way I see it working is this: what you want to do, is to have Sam as the attraction, that brings investors into the fold. So he could talk about football for 15 minutes.”Allardyce agreed: “Keynote speaking, that’s what I’d be doing, keynote speaking. I’m a keynote speaker.”Mr Curtis explained that the role would only conflict with Allardyce’s day job if he was advising on players and transfers. Allardyce replied: “But you slipped up tonight. You can’t go there any more. You can’t pay a player, you can’t pay a manager, you can’t pay a CEO. It used to happen 20 odd years ago, 30 years ago. “You can’t do it now. You can’t do it now. Don’t ever go there.” Mr McGarvey said: “No, no I wouldn’t go down there.”Allardyce went on: “This place is so tight, now. It’s, you just daren’t even think about it. We all know how deals get brokered in every business. You know someone in the town hall, you know what I mean, and he gets you planning. Know what I mean?… but not here, not in football now.”A spokesman for Mr McGarvey said: “There is little doubt that the lure of the project and his role in it has resulted in our client providing colourful information to enhance and secure his role as was being offered to him … our client does not accept that he made statements about apparently improper behaviour.”Exclusive investigation: England manager Sam Allardyce for saleWhat he said about the football world: Allardyce mocks Hodgson and criticises others “I don’t come in like a lot of them, come in, right bang, you’re off. Do you know what I mean? That’s the end of that, done that, I’m off. I’m going to stand at the bar, have a few social drinks.”Later the conversation turned back to the work of the mysterious company that was to start supplementing the England manager’s salary. “The thing they’re talking about is funding football transfers, aren’t you?” Mr Moloney asked the undercover reporter.The third party ownership of players was outlawed by the FA in 2008 and by Fifa in 2015, and an affirmative answer from the reporter prompted Allardyce’s agent Mr Curtis to ask: “Is that third party ownership a problem though?” “It’s not a problem,” Allardyce replied, naming agents he said “have been doing it for years”. He did, however, express an apparent nervousness about being publicly linked to the firm. One of the undercover reporters asked if it could bill the England manager as its “strategic adviser”. The meeting at the May Fair Hotel on August 19 – less than a month after Allardyce was hired as England manager – was arranged by football agent Scott McGarvey, a friend of Allardyce since the days when both were footballers. He, too, thought he was going to be employed by the fictitious Far East firm. “In principle it’s OK,” Allardyce added. “The fact that I’m going to be turning up on four occasions throughout the year, doing meet and greets and nothing else, so it’s not, nobody’s going to come back to me and say ‘I met Sam and I invested in this, this portfolio, and he told me to go and buy these young players, and that young player’, and that’s, you know. So they can’t blame me, do you know what I mean?”Allardyce did not appear to have considered the potential conflict of interest that would arise if players part-owned by the Far East firm were selected to play for England, raising their value and increasing profits for the firm’s investors. “It’s not a problem,” Allardyce replied, naming agents he said “have been doing it for years”. Third party ownership involves a company or individual acquiring the economic rights of particular players and then being entitled to a portion, or the entirety, of the sell-on fee each time they are transferred between clubs.The rules explicitly outlaw any entity that is not a club from having “any rights” in relation to the transfer of a player. But during the meeting, which lasted barely an hour, Allardyce explained a way around the rules. If the company were to have an agent working for it, then that agent could represent the individual players and so benefit from the financial rewards of a transfer.“You get a percentage of the player’s agent’s fee, that the agent pays to you, the company,” he said, pointing out that such portions could now amount to “millions and millions of pounds.” He suggested: “You need somebody … to be dedicated to that department … For many investment companies now, it’s quite lucrative.”He had agreed to the meeting even before he had got round to speaking to his England players. On August 22, three days after the meeting, he told the BBC that he had not spoken in person to any of the squad, as “if I speak to one I’ll have to speak to absolutely everybody”. Sam Allardyce, centre, with his financial advisor Shane Moloney, left, his agent Mark Curtis, second left, and football agent and former player Scott McGarvey at a meeting in London in AugustCredit:Telegraph CORRECTION: This article inaccurately reported that in conversation with undercover reporters posing as a sports management company, Sam Allardyce, the then England Manager, had set out a model by which a third party could benefit financially from “sell on fees”. While Mr Allardyce had suggested a way that a third party could share in the financial rewards of a transfer, he had made clear that a third party could not take a portion of the transfer fee. This correction has been published following a complaint upheld in part by the Independent Press Standards Organisation.He had not yet taken charge of his first international match, or even his first training session, but already another pressing matter was on Sam Allardyce’s agenda: how to make as much money as possible from his new status as England manager.The job comes with a salary of £3 million per year, plus bonuses, but as Allardyce sat down to a meeting in a May Fair hotel he was eager to explore ways of earning even more.On the table was an offer for Allardyce to fly to Singapore and Hong Kong four times a year to address investors in a Far East firm that wanted to buy football players. Allardyce, 61, was unperturbed by the fact that the firm – in reality a fictitious company whose representatives were undercover Telegraph reporters – was proposing third party ownership of players, in contravention of Football Association and Fifa rules. 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Mr Allard said: “All it would have taken was for them to call me and contact me as his employer and I could have confirmed that all day Wednesday and half the day Thursday, he was part of a three-man team installing fascia, soffit and guttering at a client’s home in Groombridge, Kent. “On Friday he spent most of the day running my daughter about because she damaged one of her toes and he was ferrying her to the doctor.”Mr Allard went on: “I discovered on Friday evening that he had been arrested. I got onto the police on Saturday evening, but I couldn’t get through to anybody.”There was was just somebody who said I’ll take notes and pass that message on. But they never did get back to me, there was no return contact.”Mr Allard accused the police of dropping the ball and said the couple would be “mentally destroyed” by their ordeal.He said: “I know Paul well, he’s worked for me for 17 years and this is going to hit him like a 10-tonne truck. Although there was a complete lack of evidence, the police ripped his house apart. I know this will mentally destroy him.” Show more Mr Gait and his wife Elaine have been released without charge Paul Gait arrives home But after two nights of questioning at Crawley Police station they were allowed home having been released without charge.It is understood the police acted after receiving a tip off that Mr Gait, who was a drone enthusiast and lives less than two miles from Gatwick’s perimeter, might be involved.The couple, who have two teenage children between them, were recovering at their smart detached home in Crawley last night and were being comforted by relatives. He went on: “Sussex Police have really dropped the ball on this. I have always supported the police and I like to think I always would but in this case I think they have really got it wrong.”The couple were arrested at around 10pm on Friday evening following three days of chaos at Gatwick, which threatened to wreck the Christmas travel plans of hundreds of thousands of people. Show more The couple’s release means the hunt now continues for those responsible for crippling Gatwick in the run up to the busiest time of the year.Sussex Police Detective Chief Superintendent Jason Tingley said: “Both people have fully cooperated with our enquiries and I am satisfied that they are no longer suspects in the drone incidents at Gatwick.“Our inquiry continues at a pace to locate those responsible for the drone incursions, and we continue to actively follow lines of investigation.” Police who arrested an innocent couple over the Gatwick drone attack were last night accused of conducting an “appalling” investigation, after it emerged they had repeatedly ignored evidence from a key witness.Paul Gait, 47, and his wife, Elaine Kirk, 54, were released without charge yesterday (Sun) after being questioned for 36 hours in connection with the disruption at Britain’s second busiest airport.But Mr Gait’s boss, who was with him when the drone attacks took place, said detectives had not even bothered to call him back when he offered to provide an alibi.John Allard, who runs the double glazing firm where former soldier, Mr Gait, has worked for 17-years, said the couple’s Christmas had been ruined by the police operation.The 68-year-old said he had been surprised not to hear from detectives after they arrested his employee and eventually took matters into his own hands by contacting them himself.But he said despite leaving his details nobody got back to him to discuss his alibi. Although he had a number of remote controlled aircrafts and helicopters, friends said he had no longer owned a drone. Ms Kirk’s brother, Mark, said the ordeal they had been through was “beyond words”.He said: “She’s not good. It’s beyond words what we’ve all been through. It’s just frightening, very frightening to go through an experience like this.”Speaking from their parents’ home in Crawley, he said he had no idea why the couple had fallen under suspicion.He said: “There is no reason, I haven’t got a clue. It’s literally fingers being pointed in the wrong direction. Unfortunately we have all suffered.”Mr Gait was a former gunner in the Royal Artillery who also worked as a security guard.He and Ms Kirk, who works in the Unilever sales department, married in 2013 and were described by locals in their quiet cul-de-sac as the “perfect neighbours”. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings.
Poll Results: YesNoI don’t knowVoteRead: Ceasing online animal sales would make it harder to find ‘unscrupulous dealers’ No (1602) Yes (908) I don’t know (247) THE DSPCA HAS called on on-line sales sites to stop the practice of allowing ads for animals be hosted.They say that the trading of animals on-line is a “serious problem” as many of these pets are not properly vaccinated or micro-chipped.However, websites DoneDeal.ie and BuyandSell.ie say that they do all they can to ensure the safety of the animals and that stopping the online trading would force the practice underground.What do you think? Is it any different to a notice board flyer? Or does it allow vulnerable animals be shipped around too easily? Does it encourage breeding of animals for profit?We’re asking: Should the on-line sale of animals be allowed?
Rut-roh, Raggy. I’m sure there are plenty of amusement park goers who would pay big bucks for the opportunity to go on an ride built on top of an ancient burial ground. After objects started flying around and construction workers saw what appeared to be a headless monk hanging around, the site of Thorpe Park’s new water slide, Storm Surge, was moved.The UK amusement park called in paranormal investigators, who traced the issues to the disturbance of an ancient burial ground. Turns out that Storm Surge was being built near the ruins of an old church traced back to the decidedly creepy year of 666 AD. Stone coffins have been found in the area–the park’s owners would have no doubt found even more, had they dug the 15 meter hole for the ride.AdChoices广告Says Jim Arnold of South West London Paranormal, We carry out these kinds of investigations quite regularly, with medium to weak results being reported on a weekly basis.Thorpe Park, however, was more striking as results were picked up immediately, with orbs, ghostly images in photography and ouija reaction results being strongest around the site where they were proposing to build Storm Surge. The results were so strong, we felt the only explanation could be that an ancient burial
Sea Shepherd : de la peinture et des boules puantes contre les baleiniers japonaisSelon les autorités nippones, les militants écologistes de Sea Shepherd ont jeté de la peinture et des boules puantes sur la flotte japonaise partie chasser la baleine dans l’océan Antarctique, afin de tenter de stopper la campagne.Les militants écologistes continuent leur traque et intensifie même leur lutte pour empêcher les baleiniers japonais d’atteindre leur but. En effet, les autorités japonaises viennent tout juste d’annoncer que les équipes du groupe Sea Shepherd qui poursuivent actuellement les bateaux nippons ont “lancé des bouteilles de peinture et de l’acide butyrique sur le navire Yushin Maru 2”, selon l’Institut de Recherche sur les Cétacés, un organisme semi-public qui gère les programmes baleiniers du Japon.À lire aussiCes 18 animaux méconnus à l’aspect étonnant pourraient disparaître avant vousPour cela, les activistes auraient utilisé de petits bateaux depuis leur navire Steve Irwin et auraient même tendu des cordes dans le but d’arrêter le baleinier. Une attaque qui survient quelques jours à peine après que des militants australiens se sont infiltrés à bord d’un des navires qui protègent la flotte japonaise. Rapidement arrêtés, ils ont ensuite été rendus à l’Australie. De son côté, l’Institut de Recherche sur les Cétacés condamne fermement Sea Shepherd et ses actions à l’encontre des navires japonais et ses équipages dans l’Antarctique, comme il l’a expliqué dans un communiqué diffusé mercredi soir. L’Institut qualifie même de criminels les actes de Sea Shepherd et a renouvelé son appel aux Pays-Bas, pays d’enregistrement du Steve Irwin, pour mettre fin au harcèlement. “La Recherche baleinière du Japon dans l’Antarctique est une activité parfaitement légale effectuée sous la Convention internationale pour la réglementation de la chasse”, a-t-il ainsi plaidé.Le 12 janvier 2012 à 20:16 • Maxime Lambert
Chris Hughton admitted that he is very disappointed with the way his team concede all three goals in their last match against Crystal Palace and were defeated 3-2 despite not being the worse side.The Seagulls had great chances in the second half to equalize or maybe even turn around the whole game but in the end, the score remained the same as after the first half of the game.The British manager spoke about the result and his side’s performance as he said, according to Sky Sports:“It was uncharacteristic. We have been very good at corners. It is not like us but it is very difficult to give those goals away and get something from the game.”Jose Mourinho is sold on Lampard succeeding at Chelsea Tomás Pavel Ibarra Meda – September 14, 2019 Jose Mourinho wanted to give his two cents on Frank Lampard’s odds as the new Chelsea FC manager, he thinks he will succeed.There really…“It is a huge frustration because all three goals are avoidable. That knocks us back. The Zaha [second] goal is a run that we know that he makes.”“We arguably had the best chances in that second half to get an equaliser or a winner but you can’t give the goals away that we gave away in the early period of that game.”“Whether we deserved that [equaliser] over the balance of the 90 minutes, probably not, but we had them very much on the back foot during that second half.”
Osaka: Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe held talks on Thursday during which they discussed a range of issues of mutual interest, the first meeting between the two leaders since the start of Japan’s Reiwa era. The Prime Minster said that President Ram Nath Kovind will participate in the coronation ceremony of Emperor Naruhito in October. Also Read – Chinmayanand case: Woman tells Supreme Court she wants to stay in Delhi Advertise With Us Modi thanked Abe for his warm welcome to him and the Indian delegation visiting Japan for the G20 Summit. He also appreciated Japan’s leadership as the G20 chairman. #WATCH Prime Minister Narendra Modi meets Japan Prime Minister Shinzo Abe on the sidelines of the #G20Summit in Osaka, Japan. pic.twitter.com/grd7Ews0Je— ANI (@ANI) June 27, 2019″PM @narendramodi met Japanese PM @AbeShinzo ahead of the #G20Summit. Discussed broad range of topics of mutual interest. PM said that he was looking forward to visit of PM Abe to India later this year for the Annual Summit,” Ministry of External Affairs (MEA) spokesperson Raveesh Kumar tweeted. Also Read – National Herald case: Officer bearers of Congress were cheats, Subramanian Swamy tells court Advertise With Us Expanding the strategic template of our relationshipPM @narendramodi met Japanese PM @AbeShinzo ahead of the #G20Summit. Discussed broad range of topics of mutual interest. PM said that he was looking forward to visit of PM Abe to India later this year for the Annual Summit. pic.twitter.com/q07u4i68yu— Raveesh Kumar (@MEAIndia) June 27, 2019The Prime Minister congratulated Abe and Japan’s citizens for the start of the Reiwa era. The term for the new era is made up of the two characters Rei and Wa. Rei means “commands” or “order”, as well as “auspicious” or “good”. Wa often means “harmony”, and is also used in the Japanese word for “peace” – “hei-wa”.
Miscreants on Saturday stabbed a youth to death in broad day light at Dakkhinbazar of the municipality in Beanibazar area, reports UNB.The deceased is Anwar Hossain, 24, son of Siraj Uddin of Supatola village of Beanibazar municipality.Witnesses said some miscreants attacked the victim with sharp weapons around 12 noon killing him on the spot.Locals and relatives of the victim demonstrated at the municipality area protesting the murder.Police arrested two people in this connection.The body was sent to upazila health complex.
Logo of BNPDenied permission to hold a rally, Bangladesh Nationalist Party (BNP) on Monday announced to stage demonstrations in all thanas of the capital on Wednesday.BNP senior joint secretary general Ruhul Kabir Rizvi announced the programme at the party’s Naya Paltan central office.He said they tried to hold a rally in front of their central office at 2:00pm today demanding the release of their chairperson Khaleda Zia from jail for ensuring her better treatment. “But, police didn’t give us permission to hold the rally at the behest of the government.”The BNP leader alleged that the government is not allowing people to exercise their democratic rights as it is afraid of them.They strongly condemned and protested the denial of permission to hold their rally.Huge law enforcers have been deployed around BNP’s Naya Paltan central office since morning following the party’s announcement to hold a rally.