Stocks down on fears over second wave as lockdowns ease

Stocks down on fears over second wave as lockdowns ease

first_imgFears of a second wave of coronavirus infections in some parts of the world weighed on equities Tuesday, bringing a dose of hard reality to markets after weeks of rallies fuelled by the easing of lockdown measures and hopes for economic recovery.As some of the worst-hit countries including Spain, Italy and France take heart from slowing death and infection rates, they are gradually allowing businesses to open up and try to get back to some semblance of normality.However, after weeks of no new cases, Wuhan, the central Chinese city where the outbreak first emerged, reported six new infections in two days and South Korea announced its biggest spike in new cases for more than a month. The news jolted confidence on trading floors and weighed on regional markets Tuesday.Hong Kong, Sydney, Mumbai, Taipei, Singapore and Jakarta were all down more than one percent, while Tokyo and Shanghai fell 0.1 percent each.Seoul eased 0.7 percent and Manila was off 0.3 percent, though there were gains in Wellington and Bangkok.In early trade, London, Paris and Frankfurt were all down 0.4 percent. “Indications abound that increased mobility will lead to re-occurrences of the virus, which will change the slope of the recovery,” said AxiCorp’s Stephen Innes, noting that news reports had generally emphasised the negative elements of reopening.”While markets may eventually desensitise to mini-cluster outbreaks, provided death statistics remain static… at this stage, it does not lessen fears of a significant secondary spreader, which will undoubtedly weigh on consumer sentiment and hurt the rebound.”He added that investors would have to expect such uncertainty until a vaccine is available.How long to recover?The losses come after a healthy rally across equity markets from troughs reached in March as the disease began to take hold around the world and forced nations to lock down, effectively closing the global economy and pushing it into an expected recession.And, while there are forecasts that growth will bounce back, there is discussion over how quickly that will happen.”It’s well and good to say ‘OK, we’ve contained the disease’, but how long does the recession last?” Chris Rands, at Nikko Asset Management, said.”Typically when you look at unemployment spikes they take years to fix, they don’t fix themselves in three months.”Oil prices rose, taking some joy from news that Saudi Arabia would slash an extra million barrels per day from its June output, leaving it with just short of 7.5 million, which ANZ said would be the lowest since 2002.Kuwait and the United Arab Emirates also announced cuts to go with Riyadh’s reduction.After last month’s historic collapse in prices below zero, oil has rallied in recent weeks on the reopening and after top crude producers agreed to slash output by 10 million barrels a day.Topics :last_img read more

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NPD Analyses Norwegian Shelf Seabed Minerals

first_imgThe Norwegian Petroleum Directorate has conducted a chemical analyses of sulphides and manganese crusts from the Norwegian shelf and revealed that the sulphides contain a high content of copper, zinc and cobalt.The sulphis contains mostly contain iron, but also have a relatively high content of copper (up to 14 per cent in some samples), zinc (3 per cent) and cobalt (less than 1 per cent).These are important metals as society moves towards increasing electrification. They are also in demand from the industrial sector.The content of metals in sulphides and manganese crusts from the Norwegian shelf is higher than what is found in samples from other parts of the world.On the Norwegian continental shelf, it is a known fact that seabed minerals occur in the deeper parts of the Norwegian Sea.The Norwegian Petroleum Directorate has been assigned the task of mapping the extent of such seabed minerals, and systematizing data from the collected samples. Several occurrences of sulphides and manganese crusts have been proven, most recently during the NPD’s voyage in the summer of 2018.The sulphides were found along the volcanic Mohns Ridge between Jan Mayen and Bjørnøya. Manganese crusts have been proven in several locations along the Vøring Spur and around Jan Mayen.The manganese crusts in the Norwegian Sea fall into two groups. One of these contains around double the amount of REE – Rare Earth Minerals, as compared with samples from the Pacific Ocean and the rest of the Atlantic Ocean.The other group has lower concentrations. Both groups contain substantially more lithium (20-80 times) and scandium (4-7 times). All of these elements are metals that are important in the green transition.last_img read more

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Isdhoo Dredging Contract for MTCC

first_imgThe Maldives Transport and Contracting Company Plc (MTCC) has been contracted by the Maldives Government’s Ministry of National Planning and Infrastructure to upgrade L. Isdhoo harbor.Director general of Planning Ministry, Fathimath Shana Faarooq, signed the agreement on behalf of the government and the MTCC CEO, Shahid Hussain Moosa, put his signature on behalf of the company.According to the MTCC’s latest announcement, the harbor upgrade works will include:dredging of 19.000 cubic meters of material;construction of a 160 meter breakwater;48 meters of quay wall;98 meters of revetment.In addition to that, this agreement involves the construction of 1560 square meters of pavement, the installation of 12 harbor lights, 2 channel lights and 12 mooring buoys.The project is estimated to cost about $2.25 million and is expected to be completed within 330 days.last_img read more

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Tuberculosis-stricken man arrested after refusing treatment

first_img 43 Views   no discussions Tweet Sharing is caring! HealthInternationalLifestylePrint Tuberculosis-stricken man arrested after refusing treatment by: – July 30, 2014 Sharecenter_img FRESNO, California (AP) — A California man who disappeared after refusing treatment for tuberculosis, which can be contagious and spreads by coughing or sneezing, was found and arrested on charges of refusing to comply with health officials, a prosecutor said Tuesday.Eduardo Rosas Cruz, 25, was arrested late Monday in Kern County, San Joaquin County Deputy District Attorney Stephen Taylor said. Before Rosas Cruz can be sent back to San Joaquin County, he has to be medically cleared, which could take weeks, Taylor said.Authorities last week obtained an arrest warrant for Rosas Cruz, saying he was diagnosed with tuberculosis in March after going to San Joaquin General Hospital’s emergency room with a severe cough.Medical staff at the hospital told him to stay in a Stockton motel room, where a health worker would deliver his medication and watch him take it. But he left, officials said.The criminal complaint charges Rosas Cruz with one misdemeanour count of refusing to comply with a tuberculosis order.Rosas Cruz is a transient and comes from an area of Mexico known for a drug-resistant strain of TB, authorities said.He was arrested on the San Joaquin County warrant during a traffic stop in Lamont, a community about 15 miles southeast of Bakersfield, said Ray Pruitt, a spokesman for the Kern County Sheriff’s Office. Officers took him to the Kern Medical Centre in Bakersfield.Rosas Cruz needs to undergo testing to determine if he is still contagious, health officials have said. If untreated, tuberculosis can be deadly.The goal of prosecuting a tuberculosis patient through the criminal courts is not to punish him, but to protect the public, Taylor said.In court papers filed in support of the warrant, public health officials said Rosas Cruz resisted treatment from the start. He also used crack cocaine and methamphetamine, officials said. He could develop the drug-resistant strain if he hasn’t already, they said.By law, health officials can’t force a patient to be treated for tuberculosis, but officials can use the courts to isolate the patient from the public. That is when officials offer treatment.Associated Press Share Sharelast_img read more

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Kearney commits future to Leinster

first_img Press Association The 26-year-old full-back’s decision to stay in Dublin will have been welcomed by the IRFU after Jonathan Sexton revealed 11 days ago he would be joining an overseas club at the end of the season. Kearney, who has made 45 Test appearances including three Lions caps, is one of Ireland’s highest-profile players and reacted to Sexton’s forthcoming departure by warning the IRFU his Leinster team-mate could be the first of several Irish players to accept a lucrative offer from the French Top 14. Rob Kearney has ended speculation over his future by signing a new contract with the Irish Rugby Football Union that will keep him at Leinster until 2015.center_img However, the 2012 European player of the year and three-time Heineken Cup winner has chosen to accept improved terms from the IRFU. “I’m delighted to be continuing my rugby career in Ireland. Leinster have always been my home and I’m very excited to be remaining here to play with a great bunch of players and coaching staff,” Kearney said. “I’ve been very lucky to have experienced success with that same group over the last number of years and with the great support we have, it made it a very easy decision for me.” last_img read more

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Mertesacker: We can respond to pressure

first_img Press Association “That is really vital. We are really happy with the fighting performance and how resilient we are.” Arsenal were comfortable in the early stages and although Villa briefly started to make an impression midway through the first half, two quickfire goals put the visitors on course. England midfielder Jack Wilshere showed superb technique to control and fire home the opener at the end of a slick counter-attack in the 34th minute. Less than 60 seconds later he underlined his class again as he seized possession from Fabian Delph and lofted a fine pass for Olivier Giroud to smash home the second. The Gunners then seemed to be well in control and cruising towards victory until Christian Benteke headed home his first goal in four months to set up a frantic finish. Arsenal held on and Mertesacker felt coming through that test was character-building. The 29-year-old said: “We kept going, especially in the first half, when we did extremely well. “We put a lot of pressure on them, took the lead by the two goals that were decisive. “I think that was our own fault when we conceded that goal. We felt a bit too secure at one point. “Overall I think it was fully deserved, but I think we could have played better in the second half, especially on the counter-attack. “There was a lot of sloppy passing, and that is what we don’t expect from us. “But we managed to defend well until the end, and that is another attribute we have learned this year – to keep focused until the last moment.” Mertesacker had been making his 100th appearance for the club but that was not something he was overly keen to celebrate. He said: “Not really – it is good to be in the team at the moment. “We are on a fine way and we need to keep going. “It is not too important that a single player got his century.” Mertesacker, signed from Weder Bremen on transfer deadline day in August 2011, is in talks with Arsenal over extending his contract, as is full-back Bacary Sagna, whose current deal expires in the summer. The scenario is the same for Gunner boss Wenger, although the 64-year-old maintained at the weekend there was “no big major doubt” over the negotiations, with reports a positive conclusion could be announced shortly. Per Mertesacker believes Arsenal’s win at Aston Villa sent a strong warning to their title rivals. The Gunners held off a late rally from the home side to reclaim top spot in the Barclays Premier League with a 2-1 success at Villa Park on Monday night. Coming after the rest of the top six had won their matches over the weekend, Mertesacker echoed the thoughts of manager Arsene Wenger that the result had been the perfect response to growing pressure. The German defender, who captained the side and was outstanding on the night, said: “All the teams in the top seven won, no-one dropped any points. “There was a bit of pressure, the team could feel that, but we responded. I think everyone was expecting at home that we may drop points. “That was very important, to let the other teams see that Arsenal are alive and that we can respond. “We look at ourselves and think we are good enough to respond to any challenge they give us. “It was a strong one, they gave us a good task, but we gave them a little idea of what can happen.” The victory lifted Arsenal back above main title rivals Manchester City and Chelsea to the summit. Just two points cover those top three sides. Mertesacker said: “It is really tight at the top. “There is no chance to drop any points, so we have to show the other teams that we can feel the pressure but we can respond. last_img read more

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Spooner’s 11-wicket haul leads Demerara to big win

first_imgJOEL Spooner returned with a match-haul of 11 wickets to give Demerara a thumping nine-wicket win over Essequibo in round one of the Hand-in-Hand Under-19 Inter-county three-day encounter yesterday at the Georgetown Cricket Club (GCC) ground.The off-spinner, who was adjudged Man-of-the-Match, had claimed 5-10 in the first innings, grabbed 6-54 in the second to finish with a match-haul of 11-64, as Essequibo, after resuming the final day on 155-9, added just one run before they were bowled out.Latchman YadramFellow off-spinner Pradesh Ballkishun took the final wicket of Mervyn Benjamin, to finish with figures of 4-22 off 10.1 overs.Scores in the match: Essequibo 75 and 156; Demerara 207 and 25-1.Set 24 for victory, Demerara lost Adrian Hinds leg-before-wicket to off-spinner Amit Persaud for two, but Robin Williams, who struck four fours in his unbeaten 18, and Sachin Singh (5 not out), sealed the formality in just 4.3 overs.After the game, Spooner told Chronicle Sport that he was very pleased with his performance, adding that it’s always nice to contribute to the team.Coach Latchman Yadram expressed satisfaction with the team’s performance, adding that his players played some good cricket.He, however, reminded his boys not to be over-confident or complacent as the tournament progresses.Meanwhile, the second round bowls off tomorrow with Demerara playing the Select Under-17 team at GCC while Berbice, the defending champions, come up against Essequibo at Lusignan.This year’s tournament is run by Cricket Guyana Inc. who is tasked with handling the logistical and financial responsibilities.last_img read more

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CBL: Warriors, Izobe Dragons Seek First Wins

first_imgDragons Coach, Reteno Jason, said after losing his first match in Lagos that he was confident the result of today’s game would turn out differently when they step out for this clash.“I have said so because I should have my full team on ground before that match. Fatigue caught up with us playing with just six-man rotation but we hope for better outing next time.The team officials explained they had challenges with the flight arrangement that forced them to arrive in Lagos with fewer men than planned.In their first match on Tuesday, Dragons lost by 86-77 to Eko Kings who now are leading the table. The big challenge before the gentlemen from Libreville is that they are against Raiders that have set their eyes on the Final-Four playoffs.The Dragons will count on Americans Jared Grady who had six assists in the first game and Anthony McDonald who led both sides in scoring 23 points to see them through the Ivorians.After that game, the next match will see an all Lagos affairs on court as Lagos Warriors battle Lagos City Stars in a desperate match.Both sides are still very far from the road to the Libreville play-offs. The Warriors struggled in their first game that they lost. This is a clear chance for them to redeem themselves and to give their fans something to cheer about this weekend.Warriors’ last game was far from being a real battle as they were flogged 93-77 by Eko Kings. They blamed fatigue for the loss. This time they have rested enough and so there can’t be excuses anymore.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Lagos Warriors and Libreville of Gabon Izobe Dragons will be calculating to secure their first wins this evening as they face Lagos City Stars and Abidjan Raiders respectively in the ongoing Continental Basketball League.The four games are billed for the Teslim Balogun Stadium this weekend with the first of the series starting at 4pm today. There will be two games also on Saturday before the tournament moves to Yaoundé for the next four days.last_img read more

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Angels blow three leads in loss to Mariners, ending winning streak

first_img Angels’ poor pitching spoils an Albert Pujols milestone “We just couldn’t make that big pitch when we needed to try to hold the lead,” Manager Mike Scioscia said. “Our bullpen went out there and had a little trouble putting some guys away, and those guys didn’t miss some mistakes.”Sign up for Home Turf and get 3 exclusive stories every SoCal sports fan must read, sent daily. Subscribe here.The failures of the Angels’ bullpen spoiled a good night starter Tyler Skaggs, who dominated for five innings before giving up up two runs in the sixth.The bullpen also ruined a nice night for most of the hitters, who combined for 17 hits, although they failed to blow the game open with repeated chances in the first five innings.The Angels got homers from Jefry Marte, who hit a three-run shot in the sixth to make it 4-0, and Justin Upton, whose two-run homer in the ninth stuck Seattle’s Edwin Diaz with his first blown save of the season.But they could never quite provide enough margin for seven Angels relievers who pitched. The only one who didn’t allow a baserunner was Cam Bedrosian, who got two outs. Noé Ramirez got two outs without allowing a run or an inherited runner to score. Otherwise, it was an off night for a group that had been pretty good.Coming into the game, Angels relievers had combined for a 3.47 ERA, which was eighth best in the majors.“They’ve been pitching their butts off the whole season,” Skaggs said. “They’ve been helping the starting staff, but they’ve been pitching a lot.”Related Articles Angels offense breaks out to split doubleheader with Astros PreviousLos Angeles Angels’ Justin Upton connects for a two-run home run against the Seattle Mariners during the ninth inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)Los Angeles Angels’ Ian Kinsler slides into home as he scores against the Seattle Mariners during the first inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)Los Angeles Angels’ Albert Pujols hits an RBI sacrifice fly in front of Seattle Mariners catcher Mike Zunino and umpire D.J. Reyburn during the first inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson) SoundThe gallery will resume insecondsLos Angeles Angels’ Mike Trout, right, slides safely into third base ahead of the throw to Seattle Mariners third baseman Kyle Seager, advancing on a single by Andrelton Simmons during the first inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)Los Angeles Angels starting pitcher Tyler Skaggs throws to a Seattle Mariners batter during the first inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)Seattle Mariners starting pitcher Marco Gonzales throw to a Los Angeles Angels batter during the first inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)Seattle Mariners first baseman Ryon Healy (27) and right fielder Mitch Haniger chase a ball that fell between them for a double by Los Angeles Angels’ Jefry Marte during the second inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)Los Angeles Angels’ Jefry Marte (19) is congratulated by Albert Pujols (5) after hitting a three-run home run against the Seattle Mariners during the sixth inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)Seattle Mariners left fielder Andrew Romine watches fans reach for a home run by Los Angeles Angels’ Jefry Marte on a three-run home run in the sixth inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)Los Angeles Angels second baseman Ian Kinsler, left, holds the tag on Seattle Mariners’ Guillermo Heredia after Heredia stole second base during the fifth inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)Seattle Mariners’ Ryon Healy reacts after striking out looking with a pair of runners on base, during the sixth inning against the Los Angeles Angels in a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)Seattle Mariners starting pitcher Marco Gonzales reacts after giving up a three-run home run to Los Angeles Angels’ Jefry Marte in the sixth inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)Fans try to cover themselves against a steady rain falling in the fifth inning of a baseball game between the Seattle Mariners and the Los Angeles Angels Saturday, May 5, 2018, in Seattle. The roof was left open for an extended period before finally being closed. (AP Photo/Elaine Thompson)Seattle Mariners’ Mike Zunino, left, is cheered by Dee Gordon after Zunino’s two-run home run against the Los Angeles Angels during the eighth inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)Seattle Mariners’ Mike Zunino, front, celebrates with Dee Gordon after Zunino’s two-run home run against the Los Angeles Angels during the eighth inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)Fans cheers the two-run home run by Seattle Mariners’ Mike Zunino against the Los Angeles Angels during the eighth inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)Los Angeles Angels’ Justin Upton connects for a two-run home run against the Seattle Mariners during the ninth inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)Los Angeles Angels’ Ian Kinsler slides into home as he scores against the Seattle Mariners during the first inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)NextShow Caption1 of 16Los Angeles Angels’ Ian Kinsler slides into home as he scores against the Seattle Mariners during the first inning of a baseball game Saturday, May 5, 2018, in Seattle. (AP Photo/Elaine Thompson)ExpandSEATTLE — The bullpens for the Angels and Seattle Mariners both blew Saturday night’s game.Except the Angels blew it three times.The Angels coughed up a two-run lead in the eighth and one-run leads in the 10th and 11th, finally falling 9-8 to the Seattle Mariners in a gut-wrenching 11-inning game, with Jim Johnson surrendering the last two leads and taking the loss.It snapped the Angels’ four-game winning streak. Angels’ Mike Trout working on his defense, thanks to Twitter center_img The Angels had also led the majors in both relief games and relief innings, the result of starters who had been ineffective for much of the season’s first month.Two relievers, Kenyan Middleton and Blake Wood, had already hit the disabled list. Wood’s injury opened the door for Justin Anderson, who had been a revelation. He hadn’t allowed a run in any of his first six big league games, going through some of the toughest hitters in the league.He entered with a 4-2 lead in the eighth on Saturday night, and didn’t retire any of the three hitters he faced. In the middle, he hung a slider to Mike Zunino, who hit a mile-high two-run homer to put the Mariners up 5-4. They added an insurance run to go up 6-4.After Upton’s ballpark-silencing homer in the ninth against Diaz erased that deficit, the Angels took a 7-6 lead in the 10th on a two-out RBI single by Chris Young.Johnson, who seems to be the closer now that Middleton is on the DL, couldn’t hold it. Marte, the first baseman, made a bad throw after handing a tough grounder to his right, allowing the tying run to score.Still, the hitters bounced back and got another run in the 11th, this one when Andrelton Simmons bellyflopped into first with a two-out infield hit as Mike Trout slid across the plate.Given another chance, Johnson failed again.He walked leadoff hitter Robinson Cano. An out later, he gave up a game-tying double to Kyle Seager. Eduardo Paredes entered and gave up a hit, just past diving third baseman Zack Cozart, to drive in Seager with the winning run, ending the 4-hour, 28-minute epic.“It frustrating,” Johnson said. “It wasn’t for lack of effort on anyone’s part. You can look back at a couple things here or there… I’m the old guy, and hopefully I can lead the rest by example and hopefully show them how to come to the ballpark ready to play again tomorrow.” Jose Suarez’s rocky start sinks Angels in loss to Astros Newsroom GuidelinesNews TipsContact UsReport an Error Angels’ Shohei Ohtani spending downtime working in outfield last_img read more

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Angels tentatively scheduled to face Astros in Mexico in 2019

first_img Newsroom GuidelinesNews TipsContact UsReport an Error The Angels will be playing the Houston Astros in a two-game series in Mexico next May, according to a major league source.The final schedule is typically released in September. Until then, there is no official confirmation of the games.So far, it’s undetermined if the games will be in Mexico City or Monterrey, which is where the Dodgers and Padres played this past May. The games are tentatively scheduled for May 4-5, 2019, and they will be Angels home games, meaning the Angels will be scheduled for just 79 games at Angel Stadium.last_img read more

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