Woman of distinction

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Global equity markets crash on virus fears, oil prices plunge

first_imgRead also: Oil plunges about 30% after Saudi Arabia slashes prices, opens tapsDriving the declines was a ferocious sell-off in the oil markets, sparked by top exporter Saudi Arabia slashing prices – in some cases to unprecedented levels – after a bust-up with Russia over production.Both main oil contracts – which had already been under pressure over falling demand caused by the virus – dived around 30 percent, marking the worst drop since the 1991 Gulf War and the second biggest fall on record, according to Bloomberg News.Saudi equities tanked more than nine percent with oil titan Aramco losing 10 percent. Dubai and Kuwait sank a similar amount, while Abu Dhabi equities were almost eight percent down.Saudi Arabia launched an all-out oil war Sunday with the biggest cut in its prices in the past 20 years, Bloomberg News reported, after OPEC and its allies failed to clinch a deal to reduce output. A meeting of main producers was expected to agree to deeper cuts to counter the impact of the coronavirus — but Moscow refused to tighten supply.In response, Riyadh slashed its price for April delivery by $4-$6 a barrel to Asia and $7 to the United States. Russia’s decision not to comply had already battered prices and there are warnings they could continue to drive lower towards $20 if the two sides do not reach an agreement. “Something like this could have more global repercussions than a trade war between China and the US because oil touches so many things in the world economy,” said Rohitesh Dhawan, director of energy, climate and resources at Eurasia Group in London.Energy firms hammeredJeffrey Halley, senior market analyst at OANDA, said: “Saudi Arabia seems intent on punishing Russia.”Oil prices… will likely be capped over the next few months as coronavirus stalls economic growth, and Saudi Arabia opens the pumps and offers huge discounts on its crude grades.”Energy firms were slammed, with Hong Kong-listed CNOOC tumbling 17 percent and PetroChina down more than nine percent, while in Tokyo, Inpex dived 13 percent. In Sydney, Santos dived 27 percent and Woodside Petroleum tanked 18.4 percent, while BHP was more than 14 percent down.”Plummeting oil prices and spreading coronavirus are fanning fears of downside risks to the global economy,” said Takuya Kanda, at Gaitame.com Research Institute.Foreign exchange markets were also extremely volatile, with traders snapping up the yen — seen as a hedge against global instability — and selling off the dollar owing to uncertainty over the coronavirus in the United States.Read also: Panic selling hits Indonesia, Philippine stocks set for bear runMarito Ueda, senior trader at FX Prime, told AFP: “Fears over the virus’s impact on the global economy and a plummet in US yields had investors seeking the safe-haven yen.””It is essentially a flight from the dollar,” he added. The greenback fell below 103 yen, levels not seen since the third quarter of 2016.Currencies of countries that rely on oil cash were among the worst hit, with Russia’s ruble almost six percent lower, Australia’s dollar diving five percent at one point and Mexico’s peso also down five percent.  Analysts warned of further gyrations as the outbreak shows no sign of abating, with more than 110,000 people infected in scores of countries. Italy, which is now the hardest-hit country outside China, has put a quarter of its population in lockdown, while sporting and public events around the world have been cancelled.”You just don’t know which way things are going to go, it makes it very hard to price anything right now,” said Sarah Hunter, chief economist for BIS Oxford Economics, on Bloomberg TV. “We’re seeing that in the market with the wild oscillations that are coming through.”Topics : Trading floors were a sea of red, with Tokyo plunging more than five percent, while Hong Kong dived 4.2 percent. Sydney shed 7.3 percent.Bangkok crashed more than eight percent, Singapore and Jakarta were more than five percent down. Manila and Mumbai lost more than six percent, while Shanghai, Taipei and Wellington were around three percent down.London and Frankfurt plunged more than eight percent at the open, while Paris retreated 4.2 percent.The losses followed sharp falls in Europe and Wall Street on Friday. Equity markets collapsed Monday as the rapidly spreading coronavirus fans fears for the global economy, while a crash in oil prices added to the panic with energy firms taking a hammering and wiping hundreds of billions off valuations.As the deadly disease claims more lives around the world, dealers are shedding riskier assets for safe havens, sending gold and the yen surging and pushing US Treasury yields to record lows.While governments and central banks have unleashed or prepared stimulus measures, the spread of COVID-19 is putting a huge strain on economies and stoking concerns of a worldwide recession.last_img read more

Govt provides emergency assistance to Rohingya stranded in Aceh waters

first_imgTopics : The North Aceh administration said that, based on a meeting conducted by the regency’s consultative leadership board (Muspida), the authorities agreed to let the Rohingya continue their journey to their initial destination.“What has been conveyed by the regional leadership communication forum [Forkopimda], we will follow. We have also performed COVID-19 tests on [the refugees]. We have followed all of the health protocols,” North Aceh administration regional secretary Risawan Bentara said as quoted by kompas.com on Thursday.Currently, the Rohingya refugees are being held in a temporary shelter in Lhokseumawe. They were said to be in weak condition and authorities were providing them with food.Several countries in Southeast Asia have imposed strict restrictions at their borders since the start of the pandemic, including restrictions on the entry of refugees to prevent the coronavirus from spreading.Malaysia, for instance, is considering a plan to turn back nearly 300 Rohingya refugees who were detained by local authorities after they arrived last week on a damaged boat, Reuters reported.Meanwhile, authorities in North Aceh said they had considered many options before deciding that they would release the refugees back to sea.Read also: Indonesia, Australia explore solution to Rohingya refugee crisis under Bali Process“After we repair their boat, we will provide them with fuel for the boat. The Indonesian Navy and the Water and Air Police Unit will escort them until they leave Indonesian waters,” North Aceh’s 011 Lilawangsa military resort commander Col. Inf. Sumirating Baskoro said on Thursday.Though an official decision on the matter from the Aceh government is pending, the Indonesian government in general remains attentive toward the Rohingya crisis.During the ASEAN Foreign Ministers’ Meeting earlier this week, Retno said that the migration of boat people could not be separated from the crisis. “An accelerated repatriation process is key,” she said. The Indonesian government has said that it has provided emergency assistance to dozens of Rohingya refugees who found themselves stranded in northern Aceh waters.The 94 refugees, consisting of 49 women, 15 men and 30 children, were rescued by local fishermen on Wednesday.The fishermen – Faisal, 40, Abdul Azis, 40, and Raja, 30 – rescued the foreign nationals from a sinking cargo ship using their fishing boat, the KM 2017.811, kompas.com reported.center_img Foreign Minister Retno LP Marsudi said on Thursday that the emergency assistance was given based on humanitarian considerations, despite the border restrictions Indonesia has in place as a result of the COVID-19 pandemic.“At the same time, we will continue to work with countries in the region through various mechanisms on early detection measures, as well as to prevent boat people from taking unsafe journeys at sea from their country of origin,” Retno said in Thursday’s press briefing.According to reports, the refugees would be returned to sea once their boat is repaired.Read also: Amnesty urges Indonesia to protect Rohingya stranded in Aceh waterslast_img read more

China rolls out mass testing in Xinjiang after new virus cases

first_imgChina launched mass health screenings in Xinjiang on Saturday after a spike in coronavirus cases raised fears of a fresh outbreak in the far western province.The new cases illustrate the continuing difficulty China faces in stamping out the contagion, which emerged in the central Chinese city of Wuhan late last year before spreading around the world.The new testing regime comes a day after authorities curtailed most flights into regional capital Urumqi and shut down local subway and public transport services.  The city had recorded 17 new coronavirus infections as of Saturday, authorities said in a briefing.Mass screening for the virus will begin in buildings which had reported new cases and eventually cover all of Urumqi, said local health commission chief Zhang Wei.”The whole city has entered a ‘wartime state’, and will suspend all kinds of group activities,” an official said at the briefing, according to state media reports.Urumqi residents were also urged not to leave the city unless absolutely necessary. Strict lockdowns across the country and widespread COVID-19 testing largely brought the outbreak under control within Chinese borders earlier this year. But a new cluster emerged in Beijing in June and infecting more than 330 people before it was contained, after millions of people living in the capital were tested for transmission.Xinjiang was one of the first regions to let students return to school in late March after authorities declared an end to the initial wave of the COVID-19 outbreak.Ethnic Uighurs and other Turkic Muslims make up around half of the remote and landlocked region’s population. Many of them complain of decades of political and religious oppression by China’s ruling Communist Party, which the government denies.center_img Topics :last_img read more

Avocado, salmon, mustard – no it’s not breakfast but the biggest bathroom colour scheme turn-offs

first_imgAvocado should be saved for your toast and not used as a bathroom colour scheme.Avocado, salmon and mustard – No it’s not on the breakfast menu at your local hipster cafe, but three colours Realtor.com reckons can be too bold and not desirable in a bathroom.It said the colours tended to make bathrooms look like they were stuck in the eighties, and could appear quite tacky.All white – we’ve been hearing for years that an all white bathroom is the way to go, white tiles, white basins, white, white, white. But according to Realtor.com the experts reckon it is reaching the end of its trend.More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours ago Step away from the colour chart. These are the colours the experts reckon you shouldn’t use in your bathroom.AVOCADO, salmon and mustard. The names of these colours, might conjure up images of a delicious breakfast, but they are an absolute no, no for bathroom renovations.The look of a bathroom can end up making or breaking a sale. After all it’s a room in the home that every family member spends at least some time in every day and making one over can cost big bucks.So if you are renovating to sell, keep these tips in mind from Realtor.com when choosing your colour scheme. All white looks great when it’s clean, but who has time to keep up with all that work?Aside from being harder to clean it can start to look a bit like an operating theatre if done to extremes.If you are sticking with the all white look, please at least use some colourful towels and accessories.Huge bathtubs – These are great, aren’t they? Apparently not so popular any more. The experts told Realtor.com that they weren’t really practical and didn’t add much to resale. Fair enough we reckon cleaning the bathtub’s annoying enough as it is without making it a super size job! Big bathtub, means big cleaning job.Plus while a nice long soak in the tub sounds like a good idea – who ever has time for that.The experts reckon a quality water saving shower will do the trick.Subway tile and nickel/chrome coloured finishes – Metallics always seem to make a come back, in everything from our clothes to our shoes, handbags and even home fit-outs. But it is often a fleeting trend. Those metallic headbands looked great in the eighties didn’t they? Super trendy one day, super embarrassing the next.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality LevelsAudio TrackFullscreenThis is a modal window. An unanticipated problem was encountered, check back soon and try again Error Code: MEDIA_ERR_UNKNOWN Session ID: 2020-09-28:8408c9db764754f110534fc8 Player Element ID: vjs_video_730 OK Close Modal DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreen00:00 Related videos The experts told Realtor.com the chrome is on the way out and so are the small subway tiles.Big tiles are in now – with maybe a touch of mini mosaics and geometric tiles to mix it up a bit.last_img read more

Acreage property right in suburbia

first_imgLots of room for a large family.Indoors the airy open plan embraces the available space with four-bedrooms, high ceilings and an enormous kitchen.“The house itself is situated in a way that the kitchen is sort of in the middle of everything,” she said.The home embraces the surroundings with wooden cathedral style ceilings and an old-fashioned wood fireplace.With her kids growing up she has put the house on the market and hopes that the next owner to walk through its doors will love the home as much as her family. “I am really going to miss it but it is time for another family to enjoy it as much as we have,” she said. 3 Coolum Court, Eatons HillAN OUTDOOR escape was just what Sally Balwin wanted when she moved into an acreage property at Eatons Hill. Having lived in the inner-Brisbane suburb of Wilston, she wanted to ensure that her children would experience the best of the outside world.“(Our daughter) was becoming a bit of an indoor child so we were thinking about acreage,” Mrs Balwin said. A wood fireplace for those cold winter nights.“It is a brilliant family property, there is lots of space to kick footballs and there is spaces where they have marked a cricket pitch.”An assortment of furry and scaly critters can often be seen throughout the property, and as well as animals a wide variety of fruit trees provide a steady supply of delicious fresh fruit from avocadoes to passionfruit.center_img At home with nature.The 0.60ha property at 3 Coolum Court seemed to be perfect place to raise kids in a place where there would be a lot more to do than watch TV or play computer games.The four-bedroom is nestled between a creek and an environmental reserve and had more than enough space for her kids to have fun outside of the home. More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours ago“We bought it two days after we inspected it.” Mrs Balwin said. last_img read more

ACT’s euthanasia bill ‘dangerous’ – professor

first_imgRadio NZ News 26 June 2017A Welsh professor of palliative medicine and cross-bench member of the House of Lords has arrived in New Zealand to challenge David Seymour’s End of Life Choice Bill.The ACT leader’s euthanasia bill was pulled from the members’ ballot earlier this month to go before Parliament.The End of Life Choice Bill would allow for assisted dying in cases where people are terminally ill but still mentally sound.Ilora Finlay said that going by what had happened in Oregon and Belgium, the legalisation of assisted suicide in New Zealand would lead to 120 cases a year, while legalising euthanasia would lead to around 1200.Baroness Finlay said Mr Seymour’s bill was dangerous.“It isn’t restrictive at all, it also goes beyond physician-assisted suicide and it goes to euthanasia, but you do fundamentally change the relationship between the doctor and the patient when you go down that road.”Ilora Finlay will take part in a public panel discussion at Parliament on Wednesday.http://www.radionz.co.nz/news/national/333841/act-s-euthanasia-bill-dangerous-professorlast_img read more

Dusty Baker

first_imgWhere is Dusty Baker today?  The 64-year old former Reds manager is living in California, and for the first time in many years is out of baseball.  He came into the National League in 1967 and for 45 of the next 47 years he was connected in one way or another with baseball.  He started out as a player with the Dodgers and ended when he was fired by the Cincinnati Reds after last season.When asked by a reporter recently, Baker stated “I guess I take a break from baseball every 20 years or so.”  He still wants to get back into baseball, and it is a good bet that if someone is fired during this season he will be one of the leading candidates to replace that manager.  In the meantime, he is working in the online computer field.  He turned down a few opportunities to appear on shows like MLB Today and ESPN.The company he is working for is called Legacy Harbor.  I tried to find out just what this online business does, but the only thing I found  is that they try to help community organizations recruit members to help inner city projects.  Baker is very personable, and I suppose in areas like Oakland where Baker has spent a lot of time, he would appeal to those inner city youth groups.  It is a good bet that Dusty will get back into baseball before very long.last_img read more

Henry “Rudy” R. Poettker

first_imgHenry “Rudy” Rudolph Poettker of Batesville passed away peacefully on Friday, May 1, 2020 at his home surrounded by loved ones.Rudy was born on January 21, 1945 in Cincinnati, Ohio to Henry & Glyn (Duncan) Poettker.  He married Patricia Kenney on November 8, 1969.Rudy had a passion for gardening, he grew all of his own plants from seeds and even grafted tomato plants.  His garden was one of his favorite places to be. Rudy also had a talent for baking bread, he never baked just one loaf but always many at a time that he shared with family and friends. At times he even baked bread for charity events and bake sales.  Most of all, he loved being with family, especially his grandchildren.He will be missed by his wife, Patricia; son, Rick (Kasey) Poettker of Batesville; daughters, Cheryl (Jeff) Olsen and Kirsten (Jason) Koch, both of Batesville, sons, David Poettker and Michael Poettker both of Cincinnati; grandchildren, Ethan Poettker, Jacob & Sam Koch, Lydia, Gunnar & Katie Olsen, Courtney Poettker and Michael Poettker.In addition to his parents, he was preceded in death by his grandson, Joshua Poettker.Due to the social constraints there will be a memorial service announced and held at a later date.Memorials may be made to Margaret Mary Hospice Care or Phi Beta Psi Sorority c/o Meyers Funeral Home, P.O. Box 202, Batesville, IN 47006.We also encourage you to leave a message at www.meyersfuneralhomes.com on Rudy’s obituary page for the family in the online guestbook or send a card to using the link on the page.last_img read more

Wenger: Respect must apply to all

first_img Press Association Arsenal manager Arsene Wenger has spoken out over the Football Association charge issued to his Leicester counterpart Nigel Pearson for abusing a spectator, insisting respect must be a two-way street. Pearson was charged on Thursday after footage emerged of him shouting at someone in the crowd during the team’s 3-1 defeat at home to Liverpool on December 2. Wenger has been on the receiving end of abuse from supporters himself recently, with video clips surfacing on the internet showing him being barracked by Gunners fans following last Saturday’s defeat to Stoke. center_img The Frenchman believes it is right that the FA do not tolerate managers abusing spectators, but feels the rules around respect must apply to everyone. “I believe that you want zero tolerance for no respect, but not only going one way,” he said at his Friday morning press conference. “I just can repeat that you want respect in society and you want to legally make sure that respect is applied to everybody. E verybody has the right to be respected. I don’t think that anybody likes not to be respected.” Swansea boss Garry Monk admits it can be hard for a manager to bite his tongue in the face of harsh abuse from supporters. “If someone says something to you and you can’t say anything back I find that absurd,” he said. “If you dish it out you should be able to take it. In terms of what he said I don’t know the exact words used, but it’s a difficult situation and I have sympathy for him. “People have the right to have opinions but when it goes over the lines and become abuse I find it strange that you can’t say anything back.” He added: “It’s a difficult situation for sure. I’ve been in it for many years and we have to protect the image of the game, but it’s very difficult when someone can just abuse you and shout whatever abuse they want and you have to bite your tongue and not say anything back. “It can be a split moment, a heated situation and you can react. You don’t want to but it’s difficult at times in any walk of life.” last_img read more