Ethiopian conflict deepens as Tigray leaders sacked

first_imgParliament votes to dissolve the leadership of a region whose forces are fighting the national army.- Advertisement –last_img

Arsenal confirm £72m club-record signing of Nicolas Pepe from Lille

first_imgArsenal confirm £72m club-record signing of Nicolas Pepe from Lille Comment Advertisement He enjoyed a superb campaign last season, scoring 22 times and laying on 11 assists in Ligue 1 – only PSG’s Kylian Mbappe (33 goals, 7 assists) was involved in more goals.Speaking about the move, Pepe told Arsenal’s website: ‘Being here is very emotional because it has not been easy for me. I have come a long way and struggled a lot and so signing for this great club is a big reward.‘It was my family and my agents [who encouraged me to make the move].‘We talked and thought a lot about it. It was at the time of the CAN [Africa Cup of Nations] as well, we thought a lot during, before and after the CAN.‘It was important to make the right decision and I am convinced that Arsenal is the right choice.’Pepe’s arrival continues a busy summer of transfer activity for Arsenal, who have already signed Gabriel Martinelli, William Saliba – who returns to Saint Etienne for the 2019/20 season – and Dani Ceballos on loan.The Gunners are also believed to be looking to offload Shkodran Mustafi and Laurent Koscielny and want to sign a replacement centre-back, as well as Celtic left-back Kieran Tierney, before the window closes.Where will Arsenal finish in the 2019/20 Premier League season?1st0%2nd0%3rd0%4th0%5th0%6th0%7th or lower0%Share your resultsShare your resultsTweet your resultsMore: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Metro Sport ReporterThursday 1 Aug 2019 4:34 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link5.7kShares Pepe’s arrival smashes the £55m Arsenal paid for Pierre-Emerick Aubameyang (Picture: Getty)Arsenal have confirmed the club-record signing of Nicolas Pepe from Lille, with the Ivory Coast international signing a five-year contract at the Emirates.Unai Emery has been eager to add a new winger to his squad this summer and after being rebuffed by Crystal Palace for Wilfried Zaha, Arsenal stepped up their pursuit of Pepe.The north Londoners have agreed to pay an astonishing £72million for the 24-year-old, beating off competition from the likes of Napoli, and he becomes the most expensive African footballer of all time.Pepe jetted into London on Tuesday and successfully passed a medical, as well as posing for pictures in his new club’s shirt and putting pen to paper on his contract.AdvertisementAdvertisementADVERTISEMENTArsenal will reportedly only pay £20m up front this summer, with the rest paid in installments over the next five years, while Pepe will earn in excess of £100,000-a-week.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityWelcome to The Arsenal, Nicolas Pepe 🤩🇨🇮 #PepeIsHere ⚡️ pic.twitter.com/nXJIB9XdLW— Arsenal (@Arsenal) August 1, 2019 Advertisementlast_img read more

Estonia cuts fee cap, relaxes investment rules for pension funds

first_imgTallinn, EstoniaThe previous classification of second-pillar funds on the basis of equity risk (25%, 50%, 75% funds) has been abandoned, as it was considered inaccurate. Instead, each management company must determine and publish the risk level of each of its funds.Further new rules are intended to accelerate the current decline in management fees.The maximum basic management fee for second-pillar pension funds has been lowered from 2% to 1.2%. The government estimated that this measure would reduce the average basic management fee to 0.62% this month, from its previous level of 0.96%.However, fund managers will, for the first time, and under certain conditions, be able to charge an additional performance fee, provided that the fund’s performance exceeds the benchmark index – the increase in the social security pension component. The maximum fee allowed is yet to be determined.According to Kristjan Tamla, chairman of the board at Swedbank Investment Funds, Estonian pension funds have been criticised because of the small percentage of portfolios allocated to local investments. Tamla told IPE: “As the Estonian economy and local financial market are very small and shallow, most companies do not raise capital from listed markets, and are instead leaning towards direct borrowing or private equity. The new rules should enable better matching of the corporate sector’s funding needs with pension fund investment limits.”Meanwhile, following parliamentary elections in March this year, Estonia’s new coalition government has been working on a new law to allow individuals to cash in all their pension savings, from the start of 2021.Joel Kukemelk, member of the management board at LHV Asset Management, warned:  “While this law has not yet been passed, it is likely to be approved by the end of this year, as long as there are no changes in the current government structure.“This will result in a significantly lower appetite from local pension funds for all low-liquidity investments, where the exit process takes longer than a couple of months.” New investment rules came into force for Estonian second pillar pension funds earlier this month, relaxing some restrictions on riskier investments in order to improve performance and promote investment in local companies. Under the Investment Funds Act, the 75% limit on equity-based assets within portfolios has been removed altogether, except for funds with a conservative risk profile.Conservative funds will now be able to take on some equity risk and make other, previously banned, investments, to the value of 10% of their portfolios. Pension funds may also now make loans of up to 10% of the value of their portfolio. For real estate, the limit for mandatory pension scheme investment in single properties has been increased from 5% to 10% of the portfolio. However, the overall 40% cap on real estate and real estate funds remains for these funds, as does the 70% cap for voluntary third-pillar funds.The limit for investment in derivatives has been raised from 10% to 50% of a fund’s assets, while the limit for unquoted securities also rose to 50%, from 30% previously. This is intended to allow funds to invest more in Estonian companies.Meanwhile, currency restrictions have been lifted, except for conservative funds.last_img read more

1 killed, another hurt in Pavia road crash

first_imgThe 31-year-old Efren Garcia of BarangayHibao-an Norte, Mandurriao district died of head and body injuries, a policereport showed. The injured person was identified asCymark Ferdinand Mirasol, 35, of Arevalo district. ILOILO City – A man was killed andanother was injured in a road crash in Barangay Pandac, Pavia, Iloilo. According to police investigators, Garciawas driving a tricycle when he was hit by a sport utility vehicle driven byMirasol around 1:12 a.m. on Dec. 15. Garcia died on the spot. Mirasol, meanwhile, was brought to theIloilo Doctor’s Hospital in Molo district for medical treatment./PNlast_img

No. 23 Women of Troy host Colorado, Utah

first_imgThe USC women’s soccer team hopes to keep the wins coming this weekend, as Pac-12 conference play heats up with games against Colorado and Utah.Syd the kid · Freshman midfielder Sydney Sladek was named USC’s Student-Athlete of the Week for scoring her first career goal last Friday. – Samuel Chang | Daily Trojan The No. 23 Women of Troy (7-1-2, 1-0 Pac-12) successfully began their trek through the tough slate of Pac-12 games by traveling to the Arizona desert and defeating the Lady Wildcats by a score of 3-0 on Sept. 26 thanks to yet another great second half performance.“The first half was okay, but the second half I thought we adjusted very well to their tactics,” head coach Keidane McAlpine said. “It was a great result for us.”Senior midfielder Alex Quincey claimed the score that opened up the game for the Women of Troy, as she added to her team-leading tally of seven goals, putting her at second place among all Pac-12 players. Freshman midfielder — and USC Student-Athlete of the Week — Sydney Sladek also had a stellar performance, scoring her first career goal and assisting the second goal of the match scored by junior forward Katie Johnson.Now the road gets slightly tougher for the Women of Troy as they’ll be faced with not one, but two conference games this weekend. Though the games will be at home in the friendly confines of McAlister Field, the team will look to fend off a Colorado squad hungrily looking for its first conference win and a Utah squad that has remained undefeated through its first 10 matches.The Lady Buffaloes (7-3-0, 0-1) — who made the Sweet 16 in last year’s NCAA tournament — lost their first Pac-12 duel in a 4-2 shootout with California this past week and will now attempt to upset USC on its home pitch at 3 p.m. this Friday.“[Colorado] will be hungry to come in here and re-establish themselves,” McAlpine said. “It’s gonna be a tough game for us.”Key players for Colorado include forward Brie Hooks, who leads the team with four goals to go with her three assists. Two other Lady Buffaloes — midfielders Darcy Jerman and Carly Bolyard -— have added three goals.Defensively, the team is anchored by goalkeeper Kate Scheele, who can claim five clean sheets and 28 saves in 2014.The Women of Troy recognize that all conference teams are dangerous, but by adhering to their “one game at a time” mindset and refusing to focus on anything but the next opponent, they know they can avoid unnecessary losses. McAlpine continues to be adamant about this and is focused on getting the team to treat this game — regardless of its adversary — like any other Pac-12 match.Sunday’s game places the squad on the opposite side of a place they were for most of this season. Having been undefeated until the last game of non-conference play against Pepperdine, the Women of Troy faced many teams that tried to end their winning streak. Now, they will be the ones attempting to play spoiler as they face the unranked, but dangerous, Utah Lady Utes (7-0-3, 0-0-1) at 3 p.m. on Sunday.Utah is led by midfielder Katie Taylor, who has added three goals to her team-best five assists. Freshman forward Mariah Elmer, who has yet to start a game, also has three goals.Goalkeeper Lindsey Luke has been a wall so far this season, collecting 40 saves and six shutouts.“Utah is playing extremely well,” McAlpine said. “They’re a very, very dangerous team.”The Lady Utes have certainly impressed so far, surviving a tough draw against No. 4 Stanford in their last game and simultaneously keeping their spotless record of only draws and wins alive. They will face No. 1 UCLA on Friday for what is sure to be another tough match before taking on the Women of Troy in their second game of the weekend.“[Colorado and Utah] are a little different in their approach, but still two very quality teams,” McAlpine said. “The weekend’s gonna be one that will challenge us in a couple ways.”Pac-12 play is beginning to get interesting, and with hopes of an NCAA tournament berth and even tougher games on the horizon, the Women of Troy will look to make the most of home-field advantage and come out of this weekend unscathed and undefeated in conference play.This weekend’s games mark the first quarter of five-match homestand for USC. The Women of Troy begin play again on Oct. 10 against California.last_img read more

Action packed afternoon in Tipp hurling and football

first_imgDrom & Inch were without Seamus Callanan for that one but he is back for this afternoons clash.Throw-in is at 3.30 in Holycross.Before that Carrick Swans and Kilruane McDonaghs meet at 1.45 in the first of a double header there. Kilruane will be looking to atone for their defeat in the North final while Swans haven’t been in action since losing the South semi-final in July.It’s an all north Tipp affair in Dolla this afternoon when All Ireland winning captain Brendan Maher will lead his Borrisoleigh side against Burgess…throw-in is at 3 o’clock.Also getting underway at that time is the game between South champions Mullinahone and Ballina in Templetuohy.Staying with hurling action and Moneygall and Knockavilla Donaskeigh Kickhams meet in the senior hurling relegation clash in Templetuohy at 1.30.Last evening Silvermines beat Moyne Templetuohy in their Round 1 relegation game on a scoreline of 19 points to 15.Meanwhile in gaelic football The destination of the West Senior Football title will be decided this afternoon.Galtee Rovers St Pecaun will take on Aherlow Gaels in Dundrum – throw-in is at 3 o’clock in Kickham Park.This will be preceded at 1.30 by the West Intermediate football final between Rockwell Rovers and Golden Kilfeackle. Two of the favourites to lift the Dan Breen Cup face each other in the County Senior hurling championship this afternoon.Loughmore Castleiney take on Drom & Inch in a repeat of the recent mid final.That went to extra time before Loughmore Castleiney came out on top.last_img read more

Ghana striker Kwesi Appiah joins Reading on loan

first_imgGhana striker Kwesi Appiah has joined Championship side Reading on loan until the end of the season.The Eagles striker, who recently put pen to paper on a new contract with the club, has joined the Royals until May.It will be his first taste of Championship football since he featured for Palace in the division during 2012/13. In total he has made 10 appearances for the Eagles since arriving from Margate in 2012, with his last outing coming in August 2013 in a Capital One Cup game against Bristol City.During that time he had loan spells at Cambridge United, Notts County and AFC Wimbledon, and featured prominently for the U’s earlier this season in League Two when he scored eight times. That form earned him a maiden call-up to the Ghana squad for the Africa Cup of Nations in January, where he won four caps as he helped the Black Stars reach the final, and is currently on international duty ahead of friendlies against Senegal and Mali in France.He will report for training with Reading upon his return to England, and is the second Palace striker to spend time on loan at the Madejski Stadium this season. – Follow Gary on Twitter: @garyalsmithlast_img read more