Former Liverpool and Scotland striker, and television presenter, Ian St John has died aged 82.
Here, the PA news agency takes a look back at his career in pictures.
Former Liverpool and Scotland striker, and television presenter, Ian St John has died aged 82.
Here, the PA news agency takes a look back at his career in pictures.
Oil prices fell for a third day on Thursday as a surprise build in U.S. crude inventories and a resurgence of COVID-19 cases in India and Japan raised concerns that a recovery in global economy and fuel demand may slow. U.S. West Texas Intermediate (WTI) crude futures were down 58 cents, or 1.0%, at $60.77 a barrel, after losing $1.32 on Wednesday. U.S. crude oil stockpiles unexpectedly edged higher in the week ended on April 16, the Energy Information Administration said on Wednesday, confirming American Petroleum Institute data from the day before.
Brandon Hagel scored 3:00 into overtime, and the Chicago Blackhawks rallied to beat the Nashville Predators 5-4 on Wednesday night. Hagel also had two assists as Chicago beat Nashville for the first time in seven games this season. Pius Suter and Vinnie Hinostroza each had a goal and an assist, and Malcolm Subban made 35 saves.
Biden administration says Australia needs to cut greenhouse gas emissions soonerUS president hopes prime minister Scott Morrison will commit to more climate change action echoing the global push The US climate envoy, John Kerry, has said America and Australia have ‘differences’ on climate policy and a senior Biden administration official says Joe Biden wants Australia to commit to stronger policies. Photograph: Evan Vucci/AP
Ian Anderson took a shutout into the seventh inning, Austin Riley homered and the Atlanta Braves scraped by with just four hits to beat punchless New York Yankees 4-1 Wednesday night. Corey Kluber (0-2) kept New York in it with his best start yet in pinstripes, but the Yankees lost for the sixth time in seven games due to a star-studded lineup that has almost entirely spaced out.
Stephen Curry had his first rough night in a month, and Bradley Beal rallied Washington in the fourth quarter for its season-best sixth straight victory, 118-114 over the Golden State Warriors on Wednesday night in the first Wizards home game with fans in more than a year. Coming off a historic 11-game stretch in which he made 78 3-pointers and surpassed Beal as the NBA's scoring leader, Curry scored 18 points on 7-of-25 shooting, including 2 of 14 on 3s. Beal scored 29 points as the glamorous matchup with Curry mostly fizzled until Washington's late rally.
Ladies and gentlemen, thank you for standing by and welcome to the SEI First Quarter 2021 Earnings Call. All of our segment leaders who are on the call as well as Dennis McGonigle, SEI's CFO, and Kathy Heilig, SEI's Controller.
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(Bloomberg) -- Storms or wildfires that down power lines and disrupt supply are the nightmare of grids around the world. Western Australia has found an alternative -- taking remote customers completely off the grid.After Tropical Cyclone Seroja tore through the state last week, destroying transmission lines and cutting off thousands of homes and businesses, six standalone power systems -- basically arrays of solar panels connected to batteries -- managed to survive the storm’s wrath and continue supplying juice.Their resilience was a huge boost for state-owned Western Power’s ambitions to be a global pioneer in building a grid of the future. The company aims to use the standalone power systems, or SPS, to replace as much as 40% of distribution lines across its vast network, which supplies 2.3 million customers in an area the size of the U.K.Network operators around the world have often struggled to serve remote customers with traditional wires and poles, which can be expensive and tricky to repair after storms or wildfires. The rapid decline in solar and battery costs over the past years has made standalone power systems an increasingly appealing alternative.“Transmission and distribution lines have never excelled at supplying power to a handful of customers in a highly remote area surrounded by rugged terrain,” said Sanjeet Sanghera, a BloombergNEF analyst in London. “Standalone power systems can provide a win-win for utilities and customers.”Western Power’s SPS plan is still in an embryonic phase. Following a three-year trial involving six units -- which the company said resulted in avoiding an average of 71 hours of power outages annually -- a total of 52 were installed in 2020. That will increase to up to 98 this year and eventually hit as many as 6,000.“They are significantly more reliable than the regional network due to the significant environmental factors that can impact the overhead lines, such as storms, lightning and bushfires,” said Ben Bristow, Western Power’s head of grid transformation. “The market will continue to mature and we will yield the benefits of this through an increased deployment rollout.”The technology won’t completely replace poles and wires, as it has some drawbacks, Sanghera said. Power grids enable the pooling and sharing of resources across vast distances, providing significant savings, while standalone systems have more limited capacity that may inhibit or slow the growth of rural communities. SPS also often rely on a polluting diesel generator as a backup system, he said.But it’s the resiliency of SPS that may see the technology deployed more widely, especially as global warming is expected to increase the frequency and severity of extreme weather events, according to Leonard Quong, a BNEF analyst in Sydney. Furthermore, power lines have caused devastating wildfires around the world, such as the 2018 Camp Fire in California that caused billions of dollars of damage, he said.Horizon Power Co., Western Australia’s other electricity provider, is also looking at installing SPS to increase reliability. The state-owned company plans to deploy as many as 45 of the systems over the next two years across its service area, which at 2.3 million square kilometers is larger than the U.S. Midwest.Western Power hopes its 6,000 units will allow it to replace as much as 23,000 kilometers (14,300 miles) of distribution power lines in its network that covers Perth and regions stretching to Western Australia’s remote outback. That would also help deal with the problem of a rapidly aging network.“Like many electricity networks around the world, large portions of our regional network are due for significant renewal,” Western Power’s Bristow said. “Installing thousands of SPS units will transform how we supply our regional customers over the coming decades and could avoid millions of dollars in traditional network renewal.”Grids around the world may follow Western Power’s lead, especially as the falling costs make SPS more attractive.“While grid costs are rising or remain flat, the cost of a four-hour duration lithium-ion battery system is expected to drop by 68%” by 2050, BNEF’s Sanghera said. “The economics of these onsite solar plus storage solutions keep getting better.”(Updates with BNEF comment in last paragraph. A previous version of this story was corrected to say distribution lines instead of transmission lines)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.
(Bloomberg) -- Oil dropped for a third day after data showed a rise in U.S. stockpiles and investors fretted over an uneven recovery in global demand.West Texas Intermediate declined 0.6% in Asian trading following a tumble on Wednesday, when government figures showed the first expansion in American domestic crude stockpiles in a month. A flare-up in coronavirus cases in India, the world’s third-largest oil importer, is hurting consumption, with curbs reimposed in major cities including Mumbai. That’s offsetting positive signals on demand from other economies including China and the U.S.Crude’s run of losses is threatening to push prices back toward $60 a barrel, eroding gains last week that were underpinned by positive forecasts for worldwide energy demand from the International Energy Agency and Organization of Petroleum Exporting Countries. U.S. futures are still up by more than 25% this year, however, while global benchmark Brent remains backwardated, a bullish pattern that suggests an underlying resilience.“Macros are pretty strong globally,” said Steve Innes, chief market strategist at Axi, who flagged prospects for improved oil demand over the northern hemisphere summer, especially with driving season in the U.S. “Generally, things turn more positive after the state of emergency or lockdowns are announced as the market then looks for light at the end of the tunnel.”The U.S. figures showed a surprise addition of 594,000 barrels to nationwide stockpiles. However, the rolling four-week average for oil products supplied ticked higher, and the same snapshot for gasoline rose to 8.93 million barrels a day, about half a million barrels shy of the same week in 2019.The global picture -- and prospects for near-term energy demand -- are mixed. While vaccination drives are prompting greater activity and rising mobility in the U.S. and parts of Europe, the pandemic is tightening its grip elsewhere. More people were diagnosed with Covid-19 last week than in any other since the outbreak began, led by the rocketing numbers in India.See also: Global Virus Resurgence Threatens Vigorous Growth MomentumHighlighting the grim situation in South Asia, India on Wednesday reported a record 2,023 Covid-19 deaths, and an unprecedented 295,041 fresh cases. The dramatic surge has forced the nation’s financial and political capitals -- Mumbai and New Delhi -- to impose restrictions on movement.Even as India is facing a crisis, however, other countries are mapping out plans to open up in a potential boost to oil demand. Among them, France will lift curbs on regional movement and reopen schools in coming weeks, and Greece will ease most lockdown measures in May ahead of its reopening to tourism.Banking on a pick-up in demand, the OPEC+ alliance is planning to relax its deep supply curbs from May through to July. Despite these extra barrels, there is still expected to be a drawdown in global inventories, supporting prices, Australia & New Zealand Banking Group said in a report.Brent’s prompt timespread was 65 cents a barrel in backwardation on Wednesday, up from 40 cents at the start of April. That’s a bullish pattern, with near-term prices trading above those further out.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.
The European Union needs to engage with China despite many differences instead of opting for a more isolationist approach, Germany said on Wednesday. "In the EU, we have been describing China as a partner, competitor and systemic rival at the same time," German Foreign Minister Heiko Maas said ahead of a virtual meeting with his Chinese counterpart Wang Yi.
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(Bloomberg) -- Asia stocks bounced after U.S. equities snapped a two-day drop on a rally in companies that stand to benefit the most from an economic revival. The dollar stabilized.Japan outperformed, while Australia, South Korea and China had more modest gains. U.S. futures edged lower. Earlier, most major groups in the S&P 500 rose, with raw-material, energy and financial shares leading the charge. The Russell 2000 Index, a gauge of small caps, climbed more than 2%, outperforming major benchmarks.Treasury yields fell, with the 10-year’s dropping below its 50-day moving average for the first time since November. Oil added to losses with an increase in U.S. crude inventories compounding concerns around a choppy global demand recovery.Traders are sifting through corporate results for signs on whether an anticipated jump in profits would bring with it forecasts for stronger growth. Equities had drifted lower on concern over a flare-up in coronavirus cases around the world that could jeopardize an economic rebound, particularly with stocks trading near their all-time highs.“There is strong potential for additional upside in stocks particularly as we move through the earnings season and we start to have more forecasts for what the year ahead is going to look like,” Erin Browne, Pacific Investment Management Co. multi-asset strategies portfolio manager, said on Bloomberg TV. “While certainly investors have priced in a lot in terms of normalization in certain segments of the market, I still think that there is room to run.”Meanwhile, the European Central Banks meets Thursday and its expected to keep its policy unchanged, confirming that asset purchases under its pandemic program will run at a faster pace until June. The meeting will be of particular interest after the Bank of Canada became the first major central bank to signal it will pare back asset purchases and move up its expected timeline for potential rate hikes.Here are some key events to watch this week:European Central Bank rate decision and President Christine Lagarde briefing on Thursday.U.S. releases new home sales data Friday.These are some of the main moves in markets:StocksS&P 500 futures fell 0.2% as of 10:34 a.m. in Tokyo. The S&P 500 climbed 0.9%.Topix index rose 1.4%.Australia’s S&P/ASX 200 Index added 0.1%.Kospi index rose 0.5%.Shanghai Composite rose 0.1%.CurrenciesThe yen was little changed at 108.01 per dollar.The offshore yuan traded at 6.4848 per dollar.The Bloomberg Dollar Spot Index was little changed.The euro was little changed at $1.2041.BondsThe yield on 10-year Treasuries dropped about two basis points to 1.53%.Australia’s 10-year bond yield fell three basis points to 1.70%.CommoditiesWest Texas Intermediate crude fell 0.4% to $61.11 a barrel.Gold rose 0.2% to $1,796.46 an ounce.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.
U.S. President Joe Biden is expected to formally recognize the massacre of Armenians by the Ottoman Empire during World War One as an act of genocide, sources said on Wednesday, a move likely to infuriate Ankara and further strain already frayed ties between the two NATO allies. The move would be largely symbolic but would mean breaking away from decades of carefully calibrated language from the White House and come at a time when Ankara and Washington are already at loggerheads over a string of issues. Biden is likely going to use the word "genocide" as part of a statement on April 24 when commemorations for the victims are held around the world annually, two sources familiar with the matter said, cautioning that he could still choose not to.
Collin Sexton scored 30 points and Darius Garland added 25 as the Cleveland Cavaliers never trailed in a 121-105 win over the Chicago Bulls on Wednesday night, snapping a five-game home losing streak. Cleveland coach J.B. Bickerstaff was not at the game for personal reasons, but is expected to return to the bench Friday. Assistant coach Greg Buckner filled in for his longtime friend and colleague.
Britain's domestic intelligence service, MI5, is set to open an official Instagram account on Thursday, in the latest step by the country's spy agencies to come out of the shadows.
Pascal Siakam had 27 points and nine rebounds, OG Anunoby scored 25 points and the Toronto Raptors seized control in the third quarter in a 114-103 victory over the Brooklyn Nets on Wednesday night, extending their winning streak to four games. Kyrie Irving had 28 points, 11 rebounds and eight assists for the Nets, and Bruce Brown added 21 points and 14 rebounds. Toronto made 13 of 24 shots (54%) and outscored the Nets 36-23 in the third quarter.