Country diary: as a mountain hare makes tracks, I end up on thin iceAlport Moor, Derbyshire: I glimpse a white body streaking for cover, but as I start after it I feel and hear a crack… A mountain hare. ‘These moors are their only English outposts, and due to the climate crisis this small colony, transplanted from Scotland in the 1870s, is increasingly threatened.’ Photograph: Karen Miller Photography/Alamy
Australia's National Rugby League posted a A$24.7 million ($19.36 million) deficit in 2020, with revenue plunging A$130 million, as the COVID-19 pandemic disrupted the season, officials said on Friday. The top-flight rugby competition featured 20% less games in the 2020 championship, with reduced crowds, broadcast and commercial revenue due to the pandemic. "The game faced financial catastrophe when we were forced to suspend the season in March," chairman Peter V'landys said.
The World’s A Little Blurry follows the pop star during the making of her debut album.
Some investors may be getting ahead of themselves as they price in a move by the Federal Reserve to pivot away from an ultra-easy monetary policy sooner than most expected just weeks ago. Two key market indicators - rising yields on U.S. Treasury Inflation-Protected Securities (TIPS) and eurodollar futures - are suggesting a tightening of Fed policy is looming on expectations of a strong economic recovery in the second half as COVID-19 vaccine rollouts gather pace. But those expectations may prove premature if U.S. jobless numbers remain stubbornly high and the Fed's patience after the 2008 global financial crisis is anything to go by.
Roman Silva scored 13 of his career-high 15 points in the second half and Oregon State beat California 59-57 on Thursday night. Silva made 6 of 8 shots from the field. Oregon State matched its largest lead at 57-50 on Ethan Thompson’s jumper with four minutes left.
Jill Townsend scored 23 points, LeeAnne Wirth added 16 and Jenn Wirth surpassed 1,000 career points as No. 21 Gonzaga routed Pepperdine 95-49 on Thursday night. The three seniors led the way as the Bulldogs (20-3, 15-1 West Coast Conference) clinched a share of their fifth-straight league title and won at least 20 games for the fifth-straight season. Malia Bambrick scored 12 points for Pepperdine (5-16, 2-15), which has dropped 10 straight in the series.
Twenty-five years after Pokemon first began delighting children and adults alike, the phenomenon is still capturing hearts, with smartphone craze Pokemon Go enjoying record success in virus-hit 2020.
Japan's jobless rate is expected to have edged up in January as service industry businesses suffered renewed restrictions on movement to fight spread of the coronavirus in some areas, including Tokyo, a Reuters poll of economists showed on Friday. While industrial production activity picked up in Japan, emergency curbs rolled out last month such as asking restaurants to close early and suspending the national travel campaign hurt the jobs market, analysts said. The nation's unemployment rate likely rose 3.0% in January, up from 2.9% in December, the poll of 15 economists found.
EMTECH, a first-of-its-kind fintech for central banks, today announced a partnership with the Central Bank of Ghana to deploy its Modern Central Bank Sandbox Platform™. The Central Bank of Ghana confirmed the collaboration in a release. The partnership with the Bank of Ghana will leverage EMTECH’s software to test innovative solutions, including blockchain, while accelerating their time to market. This approach promotes new products and services, bridging the gap for unbanked and underbanked, and creates new pathways for the efficient and secure movement of money for individuals and organizations.
(Bloomberg) -- Global bonds attempted to recover from an aggressive selloff that drove steep losses in Treasuries and U.S. stocks Thursday. Asian stocks slumped and U.S. and European futures pointed lower.Benchmark Treasury yields fell back below 1.5% and their Australian equivalents swung amid an unscheduled purchase operation from the country’s central bank. The U.S. 10-year yield traded as high as 1.6% Thursday, when a poorly received government auction led to forced selling by holders of mortgage securities. Japan’s benchmark hovered near its highest level since early 2016. The dollar extended overnight gains.Stocks dropped more than 2% in Japan, South Korea and Hong Kong, and were weaker across the region. S&P 500 futures slipped after the benchmark closed down 2.5% with tech shares leading losses. The Nasdaq 100 tumbled 3.6%, the most since October, as investors rotated into companies poised to benefit from an end to lockdowns. Still, stocks popular with the day-trader crowd surged once again, with GameStop Corp. doubling at one point before ending 19% higher. Investors are betting on a sharper-than-expected rebound for the global economy, with some growing increasingly worried that accelerating inflation could trigger a pullback in monetary policy support. Federal Reserve officials so far say surging Treasury yields reflect optimism and have stressed that the central bank has no plans to tighten policy prematurely.What Investors Are Watching After the Spike in Treasury Yields“A move of this magnitude is not healthy for markets and equities are rightfully acting negatively to it,” said Matthew Miskin, the co-chief investment strategist at John Hancock Investment Management. “We will be watching to see if the Fed pushes back more meaningfully on the recent rise in yields.”The 10-year U.S. yield adjusted for inflation rose to its highest level since June, a warning sign for riskier assets that have benefited from exceptionally loose financial conditions amid the pandemic.In remarks this week, Federal Reserve Chairman Jerome Powell offered reassurance that policy would continue to be supportive and look beyond a temporary pick-up in inflation, especially from a low base. Nevertheless, money-market traders have now almost fully priced in a first rate hike by the end of next year.Read more: Soaring U.S. Yields Send Risk Assets Warning as Real Rates RiseElsewhere, oil retreated from its the highest in more than a year as traders mulled depleting global inventories. Bitcoin traded below $50,000 again. Gold was steady after an overnight decline.Some key events to watch this week:Finance ministers and central bankers from the Group of 20 will meet virtually Friday. U.S. Treasury Secretary Janet Yellen will be among the attendees.These are some of the main moves in markets:StocksS&P 500 futures fell 0.3% as of 5:10 a.m. in London. The S&P 500 Index fell 2.5%.Japan’s Topix Index fell 2.4%.S&P/ASX 200 fell 2.1%.South Korea’s Kospi Index fell 3.1%.Hang Seng Index fell 2.6%.Shanghai Composite Index fell 1.9%.CurrenciesThe Bloomberg Dollar Spot Index rose 0.2% after gaining 0.6% Thursday.The euro was 0.2% lower at $1.2155.The British pound fell 0.4% to $1.3960.The Japanese yen was flat at 106.21 per dollar.The offshore yuan rose 0.1% to 6.4830 per dollar.BondsThe yield on 10-year Treasuries slipped three basis points to 1.49%.Australia’s 10-year yield was up 13 basis points at 1.86%.CommoditiesWest Texas Intermediate crude fell 1.1% to $62.82 a barrel.Gold fell 0.2% to $1,767 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.
China's factory activity likely grew at a slightly slower rate in February as factories closed for the Lunar New Year holiday, a Reuters poll showed, although growth is expected to remain firm, buoyed by an early resumption of production. Chinese factories typically scale back operations or close for lengthy periods around the Lunar New Year holiday, which fell in the middle of February this year. However, the resurgence of COVID-19 cases in the winter had prompted local governments and companies to dissuade workers from travelling back to their hometowns, giving a boost to the earlier-than-usual resumption of production at many factories, analysts say.
A faction of local, county and state Republican officials is pushing lies, misinformation and conspiracy theories that echo those that helped inspire the violent U.S. Capitol siege, online messaging that is spreading quickly through GOP ranks fueled by algorithms that boost extreme content. The Associated Press reviewed public and private social media accounts of nearly 1,000 federal, state, and local elected and appointed Republican officials nationwide, many of whom have voiced support for the Jan. 6 insurrection or demanded that the 2020 presidential election be overturned, sometimes in deleted posts or now-removed online forums.
Patterson was among five Rangers players ordered to self-isolate for 10 days after local media reported they had attended a party in Glasgow which was broken up by police. Rangers advanced 9-5 on aggregate. "He's had a whirlwind week," Gerrard told RangersTV.
(Bloomberg) -- Olam International Ltd., one of Asia’s biggest agricultural commodity traders, plans to list its food ingredients unit by the first half of 2022 as part of a major business overhaul.The Singapore-based company has appointed joint financial advisers and legal advisers to prepare for an initial public offering of the Olam Food Ingredients unit, it said in a statement on Friday.The company announced last year a plan to split its food business from the rest of its commodities trading. The move reflects growing recognition of the value of tapping into demand for specialty products from consumers who are becoming increasingly picky about the ingredients and origins of what they eat.Chief Executive Officer Sunny Verghese didn’t give an estimate on the size of the planned listing, but said it will be “one of the larger IPOs of recent times.”“In terms of the size of the IPO, it’s too early to announce what that would be,” Verghese said in an interview. “Given the size and scope of the OFI business, it would be a substantial IPO in whichever jurisdiction we list it.”Bloomberg News reported earlier that Olam is considering London for the listing, citing people with knowledge of the matter, who asked not to be named because the information is private. Olam could also consider a secondary listing of the business in Singapore at a later date, the people said, adding that deliberations are ongoing and details could change.Verghese said the company hasn’t determined the venue for the listing and will consider all options to maximize value for new and existing shareholders.Main Shareholders“Our objective and criteria on which exchange or location to choose is going to be guided by where the OFI business model is likely to be fully understood,” he told Bloomberg on Friday.Olam’s shares fell as much as 3.1% in Singapore after the announcement, mirroring a slide in global equities. The stock remains 5% higher this year after losing 15% in 2020.Olam was founded in 1989 and listed on the Singapore exchange in 2005. The company has a market value of S$5.2 billion ($3.9 billion) and is ranked among the world’s top three suppliers of cocoa beans and cocoa products, as well as coffee, rice and cotton, according to its presentation notes last year.The company, which counts Singapore’s state-owned investment fund Temasek Holdings Pte. and Japan’s Mitsubishi Corp. as shareholders, is in the process of splitting its business into two, a move aimed at helping it maximize long-term value via capital raising options, including IPO listings, according to a stock exchange filing.Demerger PlansThe group expects the separation of the two units to be completed by end-2021. It’s evaluating a plan that would see Olam’s listing on the Singapore Exchange move to a new holding company, and intends to demerge the food ingredients business by distributing shares to investors.Olam Food Ingredients offers sustainable, natural, value-added food products and ingredients, which comprises cocoa, coffee, edible nuts, spices and dairy. It also own farms, farm-gate origination and manufacturing facilities.The other unit, Olam Global Agri, supplies food, feed and fiber with a focus on emerging markets in Asia and Africa. It includes Olam’s grains and animal feed, edible oils, rice, cotton and commodity financial service businesses.Verghese said Olam plans to list OGA about 12 months after the food unit IPO. “We will do it sequentially because the bandwidth required to do two IPOs concurrently at the same time is going to be challenging.”On Friday, Olam reported its first full-year earnings since the restructuring. Profit fell 22% to S$246 million, largely due to a one-time impairment on its Gabon investment. The food ingredients unit posted a 43% growth in the second half, but its 2020 earnings slipped 2.8% amid the Covid-19 pandemic.(Updates with details from CEO interview from fourth paragraph)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.
Bruno Mars and Anderson .Paak have apparently been braving quarantine using the buddy system. Both stars took to social media Thursday night to declare that they’ve come together as a band, called Silk Sonic, with the first taste of new music coming in one week. “We made an album!!” enthused .Paak on Instagram. “Y’all get […]
Hyundai Motor has so far avoided a chip shortage that has plagued global automakers, largely maintaining its stockpile of chips last year and even accelerating purchases towards the end, three people with knowledge of the matter said. The shortage has forced production cuts worldwide, including at Volkswagen and General Motors, prompting Germany and the United States to ramp up efforts to resolve the shortage. Other than Japan's Toyota Motor, which said this month it had enough chip inventory to last it about four months, Hyundai and its sister firm Kia Corp are the only global automakers to have maintained a stockpile of low-tech chips that helped them keep up production.
The 15-time major winner underwent surgery to stabilize compound fractures of his tibia and fibula, after the grisly accident on Tuesday. The Los Angeles County Sheriff said Woods, 45, would not face criminal charges in the crash. "Woods was transferred to Cedars-Sinai Medical Center for continuing orthopaedic care and recovery," Harbor-UCLA Medical Center interim CEO Anish Mahajan said on the hospital's Twitter account.
It is now my pleasure to introduce your host for today's call, Ms. Stacey Jurchison, senior director of investor relations and corporate communications at Altimmune. Leading the call today will be Vipin Garg, our chief executive officer. Additional members of the Altimmune executive team participating on the call today are Will Brown, our chief financial officer; Scot Roberts, our chief scientific officer; and Scott Harris, our chief medical officer.
BLI earnings call for the period ending December 31, 2020.
Lana Condor has had shiny black hair even before many of us got to know her as Lara Jean, but she just changed up her natural color for a fun pastel pink shade. Condor showed off the new bubblegum color in a gorgeous Instagram selfie on Thursday evening, proving pink is her color.