Washington said the strikes on positions of the Kataib Hezbollah (KH) paramilitary group along the Iraq border were in response to rocket attacks against U.S. targets in Iraq. “America’s recent action strengthens and expands the activities of the terrorist Daesh (Islamic State) in the region,” Shamkhani, the Secretary of Iran’s Supreme National Security council, said in remarks to visiting Iraqi Foreign Minister Fuad Hussein.
A community coronavirus outbreak in Auckland has forced New Zealand cricket bosses to hastily reschedule two Twenty20 matches against Australia as other affected sports assessed their options.
Production capacity for a COVID-19 vaccine developed by CanSino Biologics Inc (CanSinoBIO) and a military-backed institute could hit an annual half a billion doses this year, a scientist leading research for the shot told state media. "There is no problem that the annual production capacity can reach 500 million this year," Chen Wei, a researcher at the Academy of Military Medical Sciences, said in an interview with China Central Television late on Friday. Chen did not say how many doses of the single-shot Ad5-nCoV vaccine, among the four regimens China has approved for public use, will in fact be manufactured in 2021.
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North Melbourne have injected some life into their AFLW finals chances with a 22-point win over Carlton in Launceston.Staring down the barrel of three straight losses, the Kangaroos started and finished strongly and were good enough to overcome a mid-game fightback from the Blues.
The fast bowler has been released by the BCCI due to personal reasons
The new president has a lot of work to do, and many companies are likely to benefit from some of his priorities.
Albion Enterprise VCT PLC (the “Company”)Director/PDMR Transaction Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them. 1Details of the person discharging managerial / persons closely associated a)Name Clare Burrows 2Reason for notification a)Position/status PCA to PDMR/Director Mr Christopher Burrows b)Initial notification/AmendmentInitial notification 3)Details of the issuer, emission allowance market participation, auction platform, auctioneer or auction monitor a)Name Albion Enterprise VCT PLC b)LEI 213800OVSRDHRJBMO720 4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted a)Description of the financial instrument, type of instrument Ordinary shares of nominal value 1 penny each Identification code GB00B1G3LR35 b)Nature of the transaction Issue of Shares under the Dividend Reinvestment Scheme c)Price(s) and volume(s) PriceVolumeAmount £1.1223852£956.20d)Aggregated information - Aggregated volume 852£956.20 e)Date of the transaction 26-Feb-21 f)Place of the transaction London Stock Exchange Name of authorised official of issuer responsible for making notification: Albion Capital Group LLP - Company Secretary Date of notification 26 February 2021
Long-Term Incentive Programme new awards With reference to stock exchange release dated 8 April 2019. The Board of Directors of BW Offshore Limited ("BWO" or the "Company") has approved the award of share options under the Long-Term Incentive Programme (LTIP) adopted in 2019, to align the interests of the participating employees with those of the Company's shareholders. This is the third annual award under the LTIP. The LTIP is discretionary, and participants are invited on an annual basis. The total number of options awarded under the LTIP for 2021 is 1,849,600 where each option will give the holder the right to acquire one BW Offshore share. A total of 60 BW Offshore employees have been invited to participate in the programme. The strike price of the options is calculated based on the volume weighted average share price five trading days prior to grant date, plus a premium of 15.76% (corresponding to a 5% increase annually over 3 years). The strike price for the options awarded on 26 February 2021 is NOK 42.38. The options will have a vesting period of three years, followed by a three years exercise period. Exercise windows will be set by the Company. The options will expire 6 years after the award date. The options are non-tradable and conditional upon the option holder being employed by the Company and not having resigned or being terminated for cause prior to the vesting date. The following primary insiders of the Company have been awarded options under the LTIP for 2021: 1. Chief Executive Officer, Marco Beenen Options awarded: 305,500 Total number of options: 961,750 Shares held: 46,692 2. Chief Financial Officer, Ståle Andreassen Options awarded: 100,375 Total number of options: 238,000 Shares held: 229,273 3. Chief Commercial Officer, Rune Bjorbekk Options awarded: 100,375 Total number of options: 316,000 Shares held: 159,128 4. Chief Operating Officer, Kei Ikeda Options awarded: 100,375 Total number of options: 316,000 Shares held: 20,188 5. General Counsel, Magda K. Vakil Options awarded: 100,375 Total number of options: 238,000 Shares held: 14,834 (including ownership of close associate) For further information, please contact:Ståle Andreassen, CFO, +65 97 27 86 47Anders S. Platou, Head of Corporate Finance, +47 99 50 47 40 IR@bwoffshore.com or www.bwoffshore.com About BW Offshore:BW Offshore engineers innovative floating production solutions. The Company has a fleet of 15 FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored energy solutions for evolving markets world-wide. BW Offshore has around 2,000 employees and is publicly listed on the Oslo Stock Exchange. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
(Bloomberg) -- Rishi Sunak can do self-restraint. After an addiction to drinking full-strength Coca-Cola resulted in seven fillings to his teeth, he rationed himself to a single Coke a week.When he comes to deliver his budget on Wednesday, the chancellor of the exchequer faces a battle to persuade his colleagues of the need to turn down the flow of government spending, and to address the painful hole in the public finances, approaching 400 billion pounds ($558 billion).The question he’s still grappling with is how to pay the bill. Will he raise taxes, hitting the wealthy and clawing back profits from the few businesses that made them, as some suggest? Or will he prepare the ground for cuts to public spending? Or will he instead signal that the pain of cuts and taxes will have to come, but just not yet?Sunak’s answers will shape his own fortunes, the Conservative government’s political identity, and the U.K. economy’s chances of making a full recovery from its deepest recession for 300 years.“We went big, we went early, but there is more to come and there will be more to come in the budget. But there is a challenge,” with public finances and “I want to level with people about the challenge,” Sunak told the Financial Times in an interview Friday. In common with finance ministers around the world, Sunak poured out vast sums of taxpayers’ cash to save jobs and businesses when coronavirus forced the government to shut shops and restaurants and confine people to their homes.Now that Prime Minister Boris Johnson has laid out his “road map” for a cautious four-month lifting of the lockdown, Sunak is reconciled to keeping that flow of support going for as long as the restrictions are in place.That will mean extending the 54 billion-pound furlough wage support program, along with cuts to business rates and sales tax at least until the end of June. This won’t be a surprise to Sunak’s colleagues and will please many, but not all, Conservative members of Parliament on Wednesday.But it runs against the grain of his instincts as a small-state Conservative, and many of his colleagues are also deeply uneasy about the economic policy their Tory government finds itself pursuing. The prospect of hiking taxes – including potentially a sharp rise in business levies – to pay the bill is particularly hard for most Tories to swallow.In recent weeks, the chancellor has been working assiduously to canvass his colleagues’ views in an effort to understand what he’s up against and tailor his messages to match. Some MPs report being invited to four or five Zoom calls with Sunak in the run-up to his budget.“Rishi was very open, very listening, really cared about what we were saying,” said Alexander Stafford, one of the new Tory MPs elected in December 2019. “We all know there are going to be cuts or tax rises. My hope is none of that falls too hard at the moment. We’re not out of the woods yet.”Others put it more bluntly. “If he were to raise taxes, it would undermine everything we’ve done to get businesses to this stage,” said Andrew Bridgen. “No society can ever tax its way to prosperity.”What Will Be in Sunak’s Budget? A new state-backed loan program to help companies recover from the pandemic Extensions to the main virus support measures, including the furlough program, a reduction in VAT and the business rates holiday More details on how a proposed infrastructure bank will work An extension to the 20 pounds uplift in universal credit, a welfare payment 126 million pounds of new funding for 40,000 traineeships A signal that corporation tax is set to rise A freeze on the pension lifetime allowance, according to the Times newspaper A fourth round of 3-month grants to self-employed people at up to 80% of their pre-pandemic earningsSteve Baker, a Tory who sits on the Treasury committee and will interrogate Sunak on his choices, said the government’s priority must be to create better-paid jobs for people in the months ahead. “I just don’t see how raising taxes promotes more, better, higher paying jobs for the public,” he said.The pandemic has fundamentally challenged the Tory party’s sense of what it stands for. In the past, Conservatives have flirted with privatizing state healthcare, cut welfare payments, and slashed taxes for high earners.Yet Johnson’s team now paints itself as the champions of the National Health Service while pumping up social security and weighing options to raise levies on capital gains.The influx of more than 100 new Conservative Members of Parliament in 2019, many of them representing northern seats prised from the left-wing Labour Party for the first time in decades, has changed the makeup of the party in Westminster.There’s less clamor for fiscal prudence than in years gone by, and there’s certainly no appetite for the return of the austerity policies pursued over much of the last decade by Tory-led administrations.Historically low interest rates mean there also isn’t pressure from the bond markets on the chancellor to rein in his spending immediately. While the country’s debt has ballooned during the crisis, the cost of servicing it has actually fallen.Yet Sunak sees big risks in doing nothing to address the U.K.’s pandemic-ravaged public finances. Even if he delays most of the difficult decisions until the next budget in the fall, or even next year, many of his colleagues expect he won’t be able to put off the pain any further.Bond markets are signaling that Sunak’s borrowing costs may only get higher. Interest rates on gilts in financial markets have risen a half percentage point in the past month for securities maturing in six years and beyond. The yield on the Treasury’s benchmark 10-year gilt reached 0.836% on Friday, the highest since March 2020 when the pandemic began spreading widely in Europe. Every 1 percentage-point increase in interest rates adds 25 billion pounds to the U.K.’s cost of servicing its debt, Sunak told the FT.“We all know that the markets can turn very, very quickly,” Harriet Baldwin, a Conservative who traded bonds during a market rout in 1994. “Although the situation is very favorable at the moment, it’s not necessarily always going to be the case. He’s got a tricky tightrope to walk.”Observers praise Sunak for his work ethic and attention to detail, and the chancellor himself has said he likes to start his day with a workout, either on a treadmill, in the gym, or on a stationary bicycle, before getting to his desk at 7:45 a.m.The truth is, no amount of sweat or preparation can guarantee Sunak’s policies will succeed. The biggest factor in determining whether Britain’s economy is permanently scarred or recovers quickly lies beyond the chancellor’s control: the pandemic itself.If, despite a fast and apparently effective vaccination program, Johnson’s government cannot keep a grip on coronavirus, the U.K.’s plan to reopen the economy on a cautious timetable of dates over the next four months will be at risk. So too will party unity.“All hell will break loose if the dates are challenged or they slip back,” said Indiana-born Joy Morrissey, who was elected under Johnson’s leadership in 2019. “These dates are the last possible dates everyone is going to accept.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Prime Minister Jacinda Ardern ordered New Zealand's largest city back into lockdown on Saturday as Covid-19 cases continued to be detected in the community.
Attacking maestros Latrell Mitchell and Cody Walker have helped South Sydney stretch their Charity Shield dominance over St George Illawarra to nine years with a sizzling 48-16 win in Mudgee.The Rabbitohs were almost untouchable in the first half as they raced to a 32-4 lead, with Walker scoring a hat-trick of tries in an eight-minute period.
Former Olympic champion Sofia Bekatorou says she "did the right thing" when she went public about being raped by a senior member of the Greek sailing federation when she was 23, effectively launching the #MeToo movement in Greece.
India will be without Jasprit Bumrah for the fourth and final Test against England after the seamer was released from the squad for personal reasons. Bumrah took four wickets in the first Test at Chennai, which India lost, before being rested for the second as the hosts levelled the series. “Jasprit Bumrah made a request to BCCI to be released from India’s squad ahead of the fourth test owing to personal reasons,” the BCCI said in a statement.
The New Zealand Breakers have produced a record-breaking first-half onslaught to set up a 106-62 thrashing of the Adelaide 36ers in the NBL Cup.Adelaide entered Saturday's contest at John Cain Arena aiming to improve on their slow starts, after falling behind 36-10 in a loss to Melbourne United two nights earlier.
India on Saturday hit back at UN rights experts who accused the country of jailing a British arms dealer extradited from the United Arab Emirates in a suspected swap for a runaway princess.
Poland's Iga Swiatek has steamrolled Belinda Bencic in straight-sets to win the Adelaide International.Swiatek triumphed 6-2 6-2 in Saturday night's final at Memorial Drive to collect her second career title, following her French Open victory last year.
Motor rallying is mourning 1983 world champion Hannu Mikkola after the Finnish great died at the age of 78."We lost my father Hannu to cancer this weekend.
Liverpool boss Jurgen Klopp has insisted that his squad does not need a summer rebuild, despite their failure to mount a meaningful title defence. The Reds have been decimated by injuries this season but their drop off in form has still been alarming and Klopp’s men currently sit sixth, 19 points behind leaders Manchester City. Captain Jordan Henderson, who has been deputising in Liverpool’s defence, became the latest player to join the club’s injury list, with the England midfielder ruled out until April after undergoing groin surgery.
The Tokyo Olympics should take place before a live audience, Japan's new Olympics chief has said, despite concerns about hosting the Games during a global pandemic.