上海夜生活,上海夜生活网,上海夜网论坛 - Powered by 上海夜网

Uber chief executive laments U.S. trade policy for lackluster IPO

WASHINGTON/NEW YORK ( ) – Uber Technologies Chief Executive Dara Khosrowshahi said on Tuesday the company’s initial public offering last month was hurt by U.S. trade tensions even as he downplayed recent volatility in the stock price.

The comments from Khosrowshahi continue the fallout from Uber’s IPO, which was the most anticipated U.S. listing since Facebook Inc seven years ago but has struggled since going public.

Uber priced shares in its IPO toward the bottom of its target range at $45 and the stock ended its first day of trading on May 10 down 7.6% at $41.57, even as the S&P 500 reversed losses to end in positive territory.

“The timing of our IPO was very much aligned with our president’s tariff wars, the same day,” Khosrowshahi said at an event at the Economic Club of Washington. “So I think we got caught up a bit in the market swirl. And there’s nothing you can do about that.”

Uber shares fell as low as $36.08 but have since rebounded and were trading at $42.21 on Tuesday, down 0.9% on the day.

Employees “have a six-month lockup so nobody in the company cares anyway what the stock prices is now – it’s a bunch of traders,” said Khosrowshahi. “It doesn’t really affect us… We work on building a great enterprise – the market will take care of itself,” he added.

Khosrowshahi addressed the announcement last week of the planned departure of its chief operating officer (COO) and chief marketing officer and he said he will not replace the COO as he organizes Uber “in a bit more of a business unit basis.”

He added they were “tough changes but I think are absolutely the right changes for the next three to five years.”

Khosrowshahi also has the option to buy potentially hundreds of thousands of shares in the ride-hailing fir上海夜生活m at a price well below where the company went public, according to a regulatory filing for Uber’s IPO.

The options highlight how Khosrowshahi is at least partially protected from price swings in Uber’s stock.

Khosrowshahi has options on 750,000 Uber shares that vest gradually and can be exercised at $33.65 per share.

Uber first granted the options on Sept. 5, 2017 with an exercise price of $41.65 per share but this was changed on May 8, 2018, according to the filing. The details were reported earlier on Tuesday by The Information.

An Uber spokesman said the repricing of Khosrowshahi’s option grants was made to shorten the timeline over which they were granted to seven years from 10 years in conjunction with a bonus plan dependent on the company being acquired for or trading at $120 billion. Uber went public at a valuation of $82.4 billion..

There was no material change in the grant’s total value, according to the company’s filing.

“I believe in performance-based pay,” Khosrowshahi said Tuesday when asked about his compensation. “If I do very well for shareholders … that’s a circumstance where I want to be rewarded.”

Khosrowshahi joined Uber in 2017 to replace company co-founder Travis Kalanick who was ousted as CEO.

He was tasked with getting the company ready for its IPO, and convincing investors that he had successfully changed Uber’s culture and business practices after a series of embarrassing scandals over the last two years.

Democrats face uphill fight if Trump gets second U.S. high court pick

WASHINGTON ( ) – If Democrats thought it was hard to stop President Donald Trump’s first U.S. Supreme Court nominee, it promises to be even tougher for them if he gets to fill another vacancy, potentially to replace the most influential justice, Anthony Kennedy.

Kennedy, a conservative who sometimes sides with the court’s liberals in key cases such as on gay rights and abortion, is one of three justices 78 or older. Justice Stephen Breyer is 78 and fellow liberal Ruth Bader Ginsburg is 84.

Former Kennedy Supreme Court clerks said the justice, who turns 81 in July上海夜网, may be pondering retirement either this year or in 2018.

That would give Trump a further chance to shape the court after his first nominee, Neil Gorsuch, was sworn in on Monday for the lifetime job to replace the late conservative Justice Antonin Scalia after overcoming fierce Democratic opposition in the Senate confirmation process.

Kennedy administered Gorsuch’s judicial oath at a White House ceremony, and Trump heaped praise on a justice who has spent nearly three decades on America’s top court, calling him “a great man of outstanding accomplishment.”

Gorsuch is one of Kennedy former clerks. Kennedy is planning a reunion of his clerks in June rather than next year as had been expected. Kennedy, through a court spokesman, declined to comment on his plans.

The implications for the court if Kennedy were to step down are enormous. For the past decade he been its swing vote in major cases. Gorsuch’s confirmation restored the court’s 5-4 conservative majority. If whenever Kennedy leaves the bench he is replaced by a stalwart conservative, that would move the court further to the right.

Republicans possess a 52-48 majority in the Senate. In order to secure Gorsuch’s confirmation, they voted to prohibit a procedural roadblock called a filibuster that had required a super-majority of 60 votes to allow a confirmation vote for Supreme Court nominees, leaving the minority Democrats with little ammunition for the next nomination fight.

“I think it will be very hard for Democrats to get much traction to derail a future Trump nominee without the threat of a filibuster,” George Washington University political scientist Sarah Binder said.

But Democrats and Republicans still are predicting a fierce fight over the next court vacancy.

‘I EXPECT ARMAGEDDON ‘

“For the life of me I don’t understand why the Democrats made such a fuss about this one. They look stupid,” Republican Senator Orrin Hatch said last week of Gorsuch’s nomination. “I expect Armageddon on the next one because that’s going to change, assuming Trump gets another one, the direction of the court. It would certainly keep the court in a more conservative mode for a long time.”

A Democratic congressional aide added, “The opposition to Gorsuch could look weak compared to what a similarly conservative nominee would face, if it would tip the balance on the court.”

Kennedy is the longest-serving of the nine justices. He was nominated by Republican President Ronald Reagan in 1987 and confirmed by the Senate in 1988 after Democrats thwarted Reagan’s first choice, outspoken conservative Robert Bork, and his second pick, Douglas Ginsburg, withdrew from consideration.

Although he has sided with his conservative colleagues on many issues, Kennedy has supported liberal causes such as gay rights, culminating in writing the landmark 2015 ruling legalizing same-sex marriage nationwide.

He also joined the liberals in upholding abortion rights. In 2016, Kennedy joined the court’s four liberal justices in a ruling striking down a Texas abortion law imposing strict regulations on doctors and facilities in the strongest endorsement of U.S. abortion rights in more than two decades.

He also authored a 2016 ruling upholding the consideration of race in college admissions, joined by the court’s liberals.

University of Georgia School of Law professor Lori Ringhand said Republicans may be wary of defending an extremely conservative court nominee with the midterm congressional elections coming up in 2018, if another vacancy arises.

“It’s not clear it would be to the electoral advantage to Republicans to have a hotly contested Supreme Court nomination right before the midterms that highlighted a nominee’s extremely conservative positions on social issues that the majority of the public have actually accepted,” Ringhand said.

MONEY MARKETS-U.S.-China trade war lifts bets on U.S. rate cut

(Adds graphic, Fed’s Rosengren comments in interview)

By Richard Leong

NEW YORK, May 13 ( ) – Interest rate traders increased their bets the U.S. Federal Reserve would lower interest rates by year-end to counter a domestic economic slowdown stemming from an escalation in the trade war between China and the United States.

The expectations of a rate decrease in December returned to the highest levels that were seen in March after Fed policy-makers signaled they would not raise rates in 2019.

On Monday, Beijing said it planned to set import tariffs ranging from 5% to 25% on 5,140 U.S. products on a revised $60-billion target list. It said the tariffs would take effect on June 1.

China’s retaliatory measure followed Washington’s tariff increase on $200 billion of Chinese imports on Friday as talks between the world’s biggest economies unexpectedly broke down. U.S. President Donald Trump has said the Chinese government backtracked on commitments it made during months of negotiations.

Analysts worry the tension between the two parties will spiral into a trade war that would harm the global economy.

“If growth concerns were coupled with a major correction in equity markets the Fed would certainly be pushed closer to cutting interest rates,” Andrew Hollenhorst, chief U.S. economist with Citigroup, wrote in a research note.

Boston Federal Reserve President Eric Rosengren told on Monday that the Fed would be able to respond to any slowdown from the U.S.-China trade dispute.

“If the impact of the tariffs – and whatever financial market reaction to those tariffs is – causes more of a slowdown, then we do have the tools available to us, including lower interest rates, not that I’m necessarily expecting this will generate the need to do that,” said Rosengren, who is a voter on the Fed’s rate-setting committee this year.

At 3:44 p.m. (1944 GMT), federal funds futures implied traders saw about a 74% chance the U.S. central bank would lower the target range on short-term rates by a quarter point to 2.00%-2.25% at its Dec. 10-11 policy meeting. This compared with a 64% implied likelihood late on Friday, according to CME Group’s FedWatch program.

A month ago, futures 上海夜生活网prices suggested traders saw a 40% likelihood of a quarter-point rate decrease.

Moyes admitted that West Ham made terrible mistakes

David Moyes, the West Ham United manager, was left disappointed after his side were beaten 3-2 at home by Newcastle United despite having a lot of chances to win the match – and the manager blamed his players for making very silly mistakes.

West Ham had managed to take the lead thanks to Marko Arnautovic but the guests managed to come from behind as Henri Saivet and Mo Diame scored – the hosts had a great chance to equalize the match but Andre Ayew’s penalty was saved and Christian Atsu doubled the lead on the other side. The Hammers managed to score a late goal thanks to Ayew but it just wasn’t enough for making a comeback.

The Scot spoke about the match and said that his side should have won, according to Sky Sports: “It wa上海夜生活论坛s near enough right from the start. We got the goal – I think from a Newcastle mistake – but after we made two or three terrible mistakes which led to them scoring from a free-kick. All in all, it just seemed like that on the touchline. Mistake after mistake. We then missed a penalty at 2-1 which makes it even more difficult.”Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

He continued by adding that he knows about Carrol’s strengths: “Everyone knows how good Andy is. But we gave ourselves too much to do after conceding a farcical third goal. We have to try and get rid of the individual errors. We missed him at home. He’s the one player who can do more on the ball and it was glaringly obvious we missed him here.”

In the end, David Moyes insisted that his side will have to improve in solving these difficult situations: “It was going to be a test with expectations changing towards us winning, but it showed today that we could not do that. It was the manner of losing the goals. The third was a catastrophe, the way it came about. We don’t score the penalty, and those things can make a big difference.”

Barca silence Bernab\u00e9u with a 3-0 win over Madrid

The Catalans were ruthless and further increased the La Liga gap between the two sides.

Barcelona won the El Clásico against Real Madrid on Saturday with an emphatic result of 3-0 at the Santiago Bernabéu. With the win against Los Blancos, Valverde’s team is now 14 points ahead of the reigning La Liga champions Real Madrid even though Zidane’s men have one more game to play due to their participation in the Club World Cup. Real Madrid wer上海夜生活网e the more dominant side during the first half, but their wastefulness in front of the goal proved costly. Luis Suárez, Lionel Messi and Aleix Vidal were the ones to score for Barca during the second half as Madrid played with 10 men in the last 30 minutes of the game following a red card for Dani Carvajal.Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

The win was certainly historical for the Catalans, who have now won three consecutive times at the Bernabéu. Meanwhile Lionel Messi scored his 25th El Clasico goal, further increasing the distance between him and the second one with most goals Alfredo di Stefano, who has 18.

The Catalans built a serious lead in the end of 2017, sitting 9 points ahead of Atlético Madrid and 14 points ahead of Real Madrid.

Tottenham made a mistake by selling Walker

Jamie Redknapp couldn’t understand Tottenham’s decision to sell Kyle Walker to Manchester City and he claims that it was “a huge mistake” which just showed that Tottenham is “still a small club”.

Spurs have been struggling this season so far as they are, basically said, out from the title race and Jamie Redknapp thinks that the decision not to raise Walker’s salary showed that Tottenham still has got a “small-club上海夜网 mentality”. He also warned the club that the other players might have similar thoughts as Walker and they will probably want to leave as well.

The former Spurs man spoke about the situation in his old club as he said, according to Sky Sports: “Letting Kyle Walker go in the summer looks like a huge mistake. I thought it was good business at the time but now what it’s has done is set a precedent in the dressing room. It looks to me that the players know what the going rate is.”Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

He continued by adding that there could be a problem with the other players: “Toby Alderweireld is one of the best centre-backs in the world – why has he not signed? Go and give him whatever he deserves. Tottenham have got players anyone in the world would want, but things can quickly slip through your fingers. Once one leaves, then another one. It gives every player an out. They’ve still got a small club mentality there. It’s not changed since I was there.”

Jamie Redknapp, in the end, claimed that he understands that thinking: “These players are well aware of what the going rate is. It’s about going into the England dressing room and seeing a player that plays in your position, knowing he’s getting two or three times what you’re getting a week. It shouldn’t be like that.”

One less headache for Zidane

Real Madrid manager Zinedine Zidane has been unfortunate with continuous injuries and suspensions among his defenders this season, but he has received some good news ahead of their game against Sevilla

Sergio Ramos and Dani Carvajal will both miss Los Blancos’ game on Saturday against Sevilla due to suspensions, whereas centre-back Raphael Varane will be out with an injury as well. In addition, Jesus Vallejo picked up a muscular issue earlier, and was not sure whether the French manager can count on him either.

However, as it turns out Zidane can include Vallejo in Madrid’s squad during the weekend, as the defender has been able to recover from his injury in time, saving some hours of headache for his manager.

According to MARCA, early on Friday morning the forecast didn’t look so great, but he was ultim上海夜生活ately able to join the table for training and Zidane confirmed he’d be available during the coach’s press conference.Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

As a result, the 20-year-old defender will most likely start the game along with Nacho in the centre of the defense, which will be Vallejo’s fourth game this season, but maybe the most important one yet.

The youngster’s career hasn’t been easy and simple so far in the Spanish capital, as he hasn’t played a whole lot due to injuries, and naturally finding himself low in the pecking order with stars like Varane and Ramos ahead of him. If that’s not enough, Vallejo has also picked up a suspension in the first leg of their Copa del Rey game against Fuenlabrada.

This weekend, with a space in the lineup with his name on it, it seemed he’d have to forfeit an opportunity once again, but in the end Vallejo will come to the rescue, MARCA continues.

After all the unfortunate happenings, Zidane will get a break to at least start two natural centre-backs on Saturday.

PSG officials questioned in FFP investigation

UEFA have opened an investigation on PSG over FFP regulations breach.

The investigation was started af上海夜生活网ter PSG signed Neymar from Barcelona, for €222m and committed another €180m for the transfer of Kylian Mbappe from Monaco. UEFA wants to find out how is the Parisian club looking to comply with the Financial Fair Play regulations after the massive spendings.

According to AFP, on Thursday afternoon, PSG officials were called to UEFA headquarters in order to answer some of the questions. The meeting was qualified as a “routine meeting” and took place in Nyon.

The general director of PSG, Jean-Claude Blanc and the general secretary of the club, Victoriano Meleoro were tasked by the Parisians with the responsibility of answering to UEFA’s questions. Besides Blanc and Meleoro, two other officials took part in the meeting: Philippe Boindrieux, the deputy general director and Benoit Muller, the financial director of the club.Report: Icardi opens PSG account in 0-1 win over Gala George Patchias – Mauro Icardi opened his goal-scoring account for PSG in a 0-1 away victory over Galatasaray.While Thomas Tuchel has begun to integrate Mauro Icardi into…

UEFA announced right after the opening of the investigation that “during the next months, the investigation office of the clubs’ financial control body will hold regular meetings to evaluate carefully all the documents related to this matter.”

The Financial Fair Play regulations have been enforced by Michel Platini, the former president of UEFA, in 2010. Since then, clubs that are participating in European competitions cannot have a deficit bigger than €30m over a financial period of three years. The sanctions can go all the way to withdrawing the teams’ right to participate in Champions League or Europa League.

PSG have been sanctioned before, in 2014, after a contract signed between the club and the Tourism office in Qatar, was considered overvalued by UEFA.

UEFA’s ‘Team of the Century’

In anticipation of releasing the ‘Team of the Year’ next week, UEFA has published a ‘Team of the Century’, putting together the players that featured most in their team of the years this century.

The team features, as expected, both Cristiano Ronaldo and Lionel Messi. Furthermore, the first eleven includes six Spanish players. Moreover, six players that play or have played for Barcelona are in the team, as well as three from Real Madrid.

Real Madrid barely salvages a point at home vs Brugge Tomás Pavel Ibarra Meda – With a shocking brace scored by Dennis, Real Madrid barely managed to rescue a point against Brugge in the second half at home.Real Madrid…

The leader of appearances in ‘Team of the Year’ is Cristiano Ronaldo, with 11 picks in the last 16 years. Lionel Messi follows closely.

Iker Casillas, Carles Puyol, Sergio Ramos and Andres Iniesta all have six appearances, Philipp Lahm, Gerard Pique, Xavi and Thierry Henry have five, while Steven Gerrard has three.

The fact that Spain has six players in the team is easy to explain due to the national team’s successes in the period 2008-2012, when they basically dominated world football, winning two European Championships and one World Cup.

At club level, Spanish team ha上海夜生活ve also dominated Europe. Since 2000, Real Madrid won the Champions League trophy five times (1999/2000, 2001/2002, 2013/2014, 2015/2016 and 2016/2017) and Barcelona won it four times (2005/2006, 2008/2009, 2010/2011 and 2014/2015).

The new Iniesta

Gremio’s 21-year-old midfielder Arthur Melo has been linked with some of Europe’s biggest clubs, due to his vision and ability to pass the ball

21-year-old Arthur Melo’s talents in the middle of the pitch have earned him early comparisons with Barcelona icon Andres Iniesta and the youngster gained attention from some of Europe’s biggest clubs.

Melo is not famous for his goal scoring exploits or fancy tricks. Instead, his great strength lies in an uncanny ability to spot the right pass and execute plays perfectly, just like Iniesta or Mesut Ozil.

Furthermore, he also has similar physical attributes as the Barcelona idol does, and the 21-year-old is similarly capable of those startling bursts past defenders that the Spanish legend uses to shrug off the attentions of markers.

According to ESPN, Arthur is also learning how to become a more decisive presence in the opposition area.

“I’m a player who likes to have the ball at my feet, and organise play,” he explained to reporters.Ryan Giggs reflects on changing Daniel James Nedim Maric – Daniel James moved from Swansea to Manchester United in an unlikely transfer which raised many eyebrows.A jump from English second division to the senior…

The youngster admitted he and his coach are forcing the midfielder to somewhat transform into an attacking midfielder role, as he has the potential to be the main playmaker of a team.

“As a defensive midfielder I see more of the ball, further back. But as a playmaker Renato is forcing me to get into the area, reach the goal and try to score, as well as thread the ball through,” he said.

“I am also forcing myself to support the attackers and wingers. I think that is where the difference has come, I am trying to get into the area more to feed those up front.”

His potential was noticed by Premier League giants such as Manchester United, Chelsea, and Manchester City. Furthermore, the youngster has also been linked with Atletico Madrid and FC Barcelona.

Gremio, however, are unlikely to let Melo leave easily. The midfielder’s contract will only expire in January 2019, and the Brazilian side will reportedly not consider a bid lower than上海夜生活网 €10 million for the 21-year-old.

Klopp happy that his team did “extremely well”

After a disappointing part of the season, Liverpool managed to win three times in just one week and Jürgen Klopp hopes that it shows that his side are back on the right track.

Liverpool now have got the same amount of points as fourth-placed Chelsea after beating West Ham United 4-1 away from home – and it was their third consecutive win. Jürgen Klopp’s team beat Huddersfield in the Premier League last weekend and they were able to grab a win also against Maribor in the UEFA Champions League. And the biggest star of the last match? Mohamed Salah, who scored twice and he proves himself to be a good signing.

The former coach of Borussia Dortmund and FSV Mainz was, of course, happy with this week as he said, according to ESPN: “It’s a fantastic week. I’m not sure how far Wembley is away from here, but I felt quite different. Now we’ve responded from that really well. We knew after that game at Tottenham that we were上海夜网 bad. Tottenham is always good, but we were the main reason for this result. We wanted to strike back and the boys did that with really nice results.”Wijnaldum looking to repeat Champions League success Nedim Maric – Liverpool are the reigning winners of the Champions League. However, this isn’t stopping them for aiming to get the glory once again.After a perfect…

He decided to give a chance to Saido Mané who was injured for a while: “I decided after one [training] session, but he had another yesterday. Sadio is a naturally fit player — he’s a little machine. When we trained after Maribor — the first session on Thursday — he was a little bit stiff in the beginning and then you could see how he starts enjoying the intensity. That’s why we decided we should try it.”

Jürgen Klopp had only words of praise for his summer signing, Mohamed Salah: “We watched Salah so often, saw him so often. The scouting department was really behind me and wanted to do it even earlier. He was a decision of all of us. We are glad to have him in our team. He’s a real goal threat, an offensive midfield player who plays more as a second striker. Today he had a different position, but he liked it.”

Klopp doubts Southgate’s nomination

Gareth Southgate’s nomination for the national team is quite surprising and Jürgen Klopp thinks that the Englishman is making his own life difficult by not calling up some experienced players.

The German manager especially talked about Alex Oxlade-Chamberlain and Daniel Sturridge – these two are not in the England squad and Klopp doesn’t agree with that decision. Southgate’s argument in relation to Sturridge on Thursday was that because he was not playing regularly he could not perform “at his very best” for the national team.

The former manager of Borussia Dortmund shared his thoughts as he said, according to ESPN: “It is not our decision but if Gareth Southgate saw the last few games I think for sure he could have invited all three of them. Gareth makes his decisions, I cannot change that. Both of them would play in other English Premier League teams quite regularly.”

He thinks that Southgate will be in a difficult situation with criteria like that: “If he makes it now like this it could be difficult in the future if he sticks to this plan 100 percent — not for us but maybe for England.”Wijnaldum looking to repeat Champions League success Nedim Maric – Liverpool 上海夜生活论坛are the reigning winners of the Champions League. However, this isn’t stopping them for aiming to get the glory once again.After a perfect…

Jürgen Klopp also spoke about Sturridge who is finally back from injury for good and he is able to perform at a high level: “Daniel had a few injury problems and was called up [in the past] because he is still the striker everyone thinks about. If he [Southgate] thinks he doesn’t need him I cannot change it.”

And the German coach thinks that Oxlade-Chamberlain has been doing well after his recent transfer: “Ox is coming in a new club and that always needs time to adapt. I think he made big steps since he was here. But, again I cannot call him and say, ‘Please, call him up.’”

Is Klopp right or is the Gareth Southgate’s choice the right one?

Arrigo Sacchi: Insigne “the perfect replacement” for Neymar

Arrigo Sacchi has given his opinion on who would have been the perfect replacement for Neymar at Barcelona and the former Italy manager indicated Lorenzo Insigne.

Barcelona have lost Neymar to PSG this summer, after the Parisians paid his release clause. The transfer took the Catalans by surprise and ever sine then, they tried to find the perfect replacement for the Brazilian.

Ousmane Dembele was brought in to Camp Nou eventually, after long negotiations led Barcelona to pay an initial €105m for the French forward. Bur Arrigo Sacchi feels another player on Barcelona’s shortlist would have been a more suitable replacement for Neymar.Opinion: The上海夜生活论坛 problem isn’t Phil Coutinho, it’s Barcelona Tomás Pavel Ibarra Meda – Now that we are getting to see Phil Coutinho’s best version at Bayern Munich, we can conclude that the problem is FC Barcelona.FC Barcelona…

In an interview with Gazzetta dello Sport, Sacchi said: “Lorenzo Insigne would’ve been the perfect replacement for Neymar at Barcelona. He’s the greatest Italian talent in 10 years.

I don’t think Barcelona are up to the same standard as Real Madrid. Having lost Neymar, Insigne would’ve been the perfect replacement. He is the greatest Italian talent in 10 years and has some genial intuition.”

Sacchi continued, pointing some of the flaws in Insigne’s game: “He just needs to avoid being ‘sneaky’ when he isn’t in the mood to run. When Dries Mertens and Marek Hamsik block the midfielders who can only go via the right-back, he looks back and tries to make preventative blocks instead of trying to snatch the ball. It’s a shame, because tactically he really is wonderful.”

Kante wins PFA Players’ Player of the Year

In a ceremony that took place Sunday evening at the Grosvenor Hotel in London, Chelsea’s N’Golo Kante has been presented with the Player of the Year award by the Professional Footballers Association.Written by Cosmin Mihalescu. April 24, 2017.

Competing against the likes of Romelu Lukaku, Alexis Sanchez, Harry Kane, Zlatan Ibrahimovic and team-mate Eden Hazard, Kante received the most votes from his fellow players.

After helping his former team, Leicester, to win an historical title last season, the French midfielder joined Chelsea for £32m last summer and is about to win his second consecutive Premier League title. He would become the first player to have achieved this (winning consecutive English titles with two different teams), after Eric Cantona in 1992 and 1993.Inter Milan V Lazio: Players to Watch Taimoor Khan – Inter Milan are set to host Lazio at the San Siro on Thursday and the game is definitely going to be an exciting affair…

On being presented with the award, Kante said: “To be chosen by the p上海夜生活layers to be player of the year mean a lot to me. It means the world to be chosen and it’s been two beautiful seasons, one with Leicester, and we are in good form with Chelsea. To be player of the year, it’s a great honour.”

Kante also discussed the ongoing season with Chelsea and his manager, Antonio Conte: “He [Conte] knows what he wants from the players. He wants to win, and we work very, very, very hard in training for him. He put a winning mentality into the squad, and everyone wants to give their best for the team, and to make Chelsea win titles. We have to fight for six more games. We’re going to fight like a final for every game, and hopefully we can win the league at the end of the season.”

Reliance shares see biggest intraday gain in a decade; rivals hit by disruption fears

BENGALURU ( ) – Reliance Industries (RELI.NS) shares saw their biggest intraday rise in more than a decade on Tuesday, after the company set a target to reach zero net debt in 18 months and vowed to reward shareholders with higher dividends and periodic bonus issues.

Reliance led by Mukesh Ambani, Asia’s richest man, said on Monday Saudi Aramco was to invest roughly $15 billion for a 20% stake in its oil-to-chemicals business, while also detailing plans to launch cut-price home internet services across India next month.

The announcements drove Reliance shares up as much as 12% — its biggest such move since Jan. 14, 2009. The spike has put the company within touching distance of becoming the highest-valued Indian company again. Currently, it trails Tata Consultancy Services (TCS.NS) by slightly more than $1 billion.

Its plans to launch JioFiber broadband services threaten to upend India’s telecom market with offers of free voice calls for life, television and movie streaming and even free TV sets to go with some subscription plans.

Analysts at Kotak Institutional Securities said Reliance “hit all the right chords” with its announcements and upgraded the stock to “Buy” from “Sell.”

Shares of telecom majors Bharti Airtel (BRTI.NS) fell almost 7% before recouping some losses, while Vodafone Idea (VODA.NS) slid as much as 10% as the announcements spurred worries of a repeat of what happened just three years ago when Reliance’s telecom upstart, Jio, burst onto the scene.

Jio, with cut-price data plans, has managed to become India’s top mobile operator by subscribers and No. 2 globally in a span of less than three years. The company, with more than 340 million users, said “half a bi上海夜生活网llion customers” are now within its reach.

Jio’s plans to offer free land-line spell further trouble for state-owned Bharat Sanchar Nigam Ltd (BSNL).

BSNL has been reported bit.ly/2YKMHuz to be under severe financial stress, chasing dues worth 30 billion rupees and delaying some employee salaries. At last count, the public sector telco was the fourth largest with 115.9 million users.

Reliance said customers of its Premium JioFiber services will be able to watch movies in their living rooms the same day these movies release in theaters.

It wasn’t immediately clear how Reliance would offer this and multiplex owner Inox INOX.NS said in a release “producers, distributors and multiplex owners in India have mutually agreed to an exclusive theatrical window of 8 weeks, between theatrical release of a movie and release on any other platform.”

Still, shares of theater operators PVR (PVRL.NS) and Inox fell as much as 8% and 10%, respectively, after trading resumed following a holiday on Monday. Shares in Dish TV India (DSTV.NS) also fell.

As of 0733 GMT, Reliance shares were up about 11%, while the broader market .NSEI was down 0.78%.

Georgia Democrat Abrams rules out U.S. Senate run, says not ‘best’ role

( ) – Georgia Democrat Stacey Abrams, a rising Democratic Party star who narrowly fell short of becoming the first female black U.S. governor, said on Tuesday she would not run for the U.S. Senate in 2020 because it was not “the best role” for her.

“The fights to be waged require a deep commitment to the job and I do not see the U.S. Senate as the best role for me in this battle for our nation’s future,” Abrams said in a video posted on Twitter, adding she would work to ensure the state elected a Democrat to the seat.

Abrams stands at the forefront of a diverse and younger generatio上海夜生活网n of Democratic Party leaders catapulted onto the national stage in last year’s midterm elections, and has been discussed as a possible 2020 White House candidate.

Her profile continued to climb when party officials picked her in February to deliver their response to Republican President Donald Trump’s State of the Union speech.

The 45-year-old former Georgia state legislative leader, demonstrated how Democrats could compete in a Southern state that had been voting reliably Republican. She came closer than any Democrat in years by rallying African-American voters, while drawing stronger support from white voters than Democratic presidential nominee Hillary Clinton in 2016, according to exit polls.

Abrams lost the governor’s race by about one percent of nearly 4 million votes cast in a Nov. 6, 2018 election that drew national scrutiny for voter suppression amid widespread complaints of ballot box irregularities, which Abrams blamed for eroding her margins.

“There’s been a lot of doubt about Georgia’s competitiveness that I think has now evaporated,” Lauren Groh-Warren, who managed Abrams’ 2018 campaign, said in an interview with prior to Tuesday’s announcement.

After her defeat, Abrams founded the voting rights nonprofit, Fair Fight Action, which aims to end state practices that have drawn criticism from national voting rights advocates. These practices range from purges of the voter rolls and stringent rules requiring signatures on mail-in ballots, to exact-match official records.

Such requirements can disproportionately affect minority voters who often favor Democratic candidates.

“Bad policies are a direct result of people not being heard because their votes were not counted,” Abrams said in the video, adding she would continue to fight voter suppression.

Abram’s 2018 opponent, Republican Brian Kemp, ignited further controversy for overseeing the election as Georgia’s then secretary of state. Kemp, who has denied nefarious action, stepped down from his post only after winning the governorship.

Despite her loss, Abrams’ candidacy is widely credited with helping to turn out Democratic voters who enabled the party to pick up a congressional seat in the Atlanta suburbs and come close to wresting a second seat away from the Republican Party.

Occidental Petroleum plans to close Anadarko deal soon after August 8 vote

HOUSTON ( ) – Occidental Petroleum Corp plans to quickly complete its $38 billion purchase of Anadarko Petroleum after the latter’s Aug. 8 shareholder vote, the company said on Thursday.

The earlier-than-expected closing will give the company a head start to evaluate assets that it plans to sell to pay off debt supporting the acquisition, Occidental Chief Executive Vicki Hollub said on a conference call following relea上海夜生活论坛se of the company’s second-quarter results.

Occidental is battling activist investor Carl Icahn, who opposed the deal and launched a proxy fight to remove and replace four Occidental directors over what he called the “misguided” acquisition. That contest is expected to drag on into the fall.

Anadarko shareholders are expected next week to approve a deal that provides a 57% premium to its share price the day before it disclosed acquisition talks.

Hollub said the company would not make a decision on the fate of Anadarko’s stake in Western Midstream Partners until after the closing. She has pledged to raise between $10 billion and $15 billion by the end of 2021 from asset sales to help pay for the deal.

“We’ve got a lot of incoming calls about various things,” the CEO said of rivals’ interest in Anadarko assets. She declined to say what properties would be offered.

It has struck an agreement with Total to acquire Anadarko’s Africa assets for $10 billion.

Occidental this week hedged about 40% of its combined oil production into 2020 to assure shareholders it could make its dividend payments while paying off increased debt from the deal, finance chief Cedric Burgher said.

“The hedges will strengthen our cash flow from operations and provide assurance our dividend is safe,” he said.

U.S., China to relaunch talks with little changed since deal fell…

WASHINGTON/NEW YORK ( ) – The United States and China are set to relaunch trade talks this week after a two-month hiatus, but a year after their trade war began there is little sign their differences have narrowed.

After meeting with Chinese President Xi Jinping in Japan just in late June, U.S. President Donald Trump agreed to suspend a new round of tariffs on $300 billion worth of imported Chinese consumer goods while the two sides resumed negotiations.

Trump said then that China would restart large purchases of U.S. agricultural commodities, and the United States would ease some export restrictions on Chinese telecom equipment giant Huawei Technologies.

But sources familiar with the talks and China trade watchers in Washington say the summit did little to clear the path for top negotiators to resolve an impasse that caused trade deal talks to break down in early May.

White House economic adviser Larry Kudlow said Washington was still waiting for China to make good on what he called a “very, very important” pledge to quickly buy more agricultural products, but said there was no firm deadline for such purchases, or for finalizing an overall deal.

Kudlow underscored the divergent perspectives of the world’s two largest economies. He said the United States was seeking remedies and correctives for what it sees as decades of unfair and illegal trading practices, but that would necessarily clash with China’s push for a fair and equitable agreement.

Those differences could still be overcome in negotiations, Kudlow, director of the White House’s National Economic Council, told an event hosted by CNBC, adding, “It’s not impossible. Where there’s a will, there’s a way.”

U.S. Trade Representative Robert Lighthizer, Chinese Vice Premier Liu He and Treasury Secretary Steven Mnuchin are due to resume talks by phone this week.

Kudlow told reporters the two teams would meet in person in the near future.

The United States is demanding that China make sweeping policy changes to better protect American intellectual property, end the forced transfer and theft of trade secrets and curb massive state industrial subsidies. At stake, U.S. officials say, is dominance of the high-tech industries of the future, from artificial intelligence to aerospace.

“We’ve had a change in atmospherics,” said Derek Scissors, a China expert at the American Enterprise Institute, a business-oriented Washington think tank. “While this is great for markets, the administration has not said one specific thing about how we’re unstuck.”

Scissors, who has at times consulted with Trump administration officials, said that both sides got what they wanted out of the summit — a lowering of the temperature and the avoidance of new tariffs that would have been painful for both sides.

“The pressure for one side to give into the other is diffused right now. I expect this to drag out for months,” Scissors added.

NO FIRM COMMITMENTS

Washington and Beijing appear to have different ideas of what the two leaders agreed in Osaka.

Three sources familiar with the state of negotiations say that the Chinese side did not make firm commitments to immediately purchase agricultural commodities.

One of the sources said Trump raised the issue of agricultural purchases twice during the meeting, but Xi only agreed to consider purchases in the context of a broader final agreement.

Other than a small purchase of American rice by a private Chinese firm, no purchases have materialized. Chinese officials and state media accounts in the past week have emphasized that any deal, including agricultural purchases, is dependent on removal of U.S. tariffs.

“The Chinese have been clear they didn’t promise anything,” said one source familiar with the talks.

“The idea they would give up their main leverage before getting anything doesn’t make sense. I could see them buying some pork and buying some soybeans, but it’s still going to be pennies.”

Trump administration officials have also downplayed the extent of pledges to allow Huawei to purchase U.S. technology products, with White House trade adviser Peter Navarro saying that only “lower-tech” U.S. semiconductors could be made available for sale to the company..

reported last week that the Commerce Department’s export control enforcement staff was told to continue to treat Huawei as a blacklisted entity as the department considers requests for licenses to U.S. firms to sell products and services to Huawei

And Kudlow told the CNBC event that the relaxed rules on sale to Huawei would only be in effect for a limited time.

Chinese officials point out that they only got the United States to concede on Huawei at the Osaka talks, rather than on their other demand, which was removing the existing tariffs.

    So the focus on the upcoming talks will be the scrapping on the tariffs, they say.

A second source said that U.S. tariffs on $250 billion worth of Chinese goods and Chinese tariffs on $160 billion worth of U.S. goods could wind up being “the new normal.”

    One Chinese official familiar with the situation said trade talks would be re-started very quickly, but that there was a “fairly large gap” in the core demands of both countries and it would be a challenge to reach consensus on the toughest issues.

“The negotiating environment is even more severe,” the official said.

Another official said China remained concerned about the presence of hawks in the U.S. team, such as Trump advisor Peter Navarro.

“There are bullies there,” the official said.

The officials spoke to on condition of anonymity.

China’s foreign ministry cited Xi as telling Trump at Osaka that “on issues concerning China’s sovereignty and dignity, China must safeguard its core interests”.

WHICH TEXT?

There has been no indication the two sides will resume negotiations using a text that had been largely agreed before China backtracked on commitments in early May, prompting Trump to proceed with a long-threatened tariff hike to 25 percent on a $200 billion list of Chinese imports.

Beijing had cut out of that text commitments to make changes to its laws reflecting reform pledges, arguing that this would violate its national sovereignty.

Finding a way around this issue is paramount for talks. Beyond that, there are many other difficult issues to resolve, including the structure of an enforcement mechanism designed to hold the two sides to their pledges.

U.S. demands for curbs to provincial and local subsidies for Chinese state comp上海夜生活anies, access to China’s cloud computing market, agricultural biotech approvals and the scope of China’s agricultural purchases remain divisive issues for the two sides.

Related CoverageTrade call between U.S., Chinese officials was constructive: White HouseU.S. exempts some medical, electronic devices from China tariffs

Claire Reade, a former China trade negotiator at USTR who is now a Washington-based trade lawyer with the firm Arnold and Porter, said there was room on both sides to get a deal.

“There are ways to maneuver around the current red flags that have been put in the ground,” Reade said. “Both President Xi and President Trump have to come out of this saying they stood strong, and they in-effect got a win.”

One way for China to avoid the appearance of giving in to U.S. demands is to take some legal steps on key issues before the deal is agreed. That way they can say they’re doing it on their own terms, she added.

Deutsche Bank careers end in an envelope, a hug and a cab ride

HONG KONG/LONDON/NEW YORK ( ) – Summoned by HR to be handed a Deutsche Bank envelope, many of its staff across the world then left their desks for the last time on Monday, shown the door by their German employer within hours of a restructuring announcement.

Deutsche Bank confirmed on Sunday that it was closing huge parts of its trading businesses, with staff in its equities division in Sydney and Hong Kong among the first to be told their roles would go.

“If you have a job for me, please let me know,” said a banker leaving the Hong Kong office on Monday.

Staff leaving in Hong Kong were holding envelopes with the bank’s logo. Three employees took a picture of themselves beside a Deutsche Bank sign outside, hugged and then hailed a taxi.

“They give you this packet and you are out of the building,” said one equities trader.

“The equities market is not that great so I may not find a similar job, but I have to deal with it,” said another.

At the bank’s Wall Street office, staff impacted by the cuts were summoned to the cafeteria to learn of their fate. A notice inside the building’上海夜生活论坛s lobby told staff the cafeteria would be closed until 11.30 a.m. EST.

Hundreds of staff were informed during the meetings that their positions were being cut, sources within the bank told . They also received details of their redundancy packages. One source said staff could be seen saying their goodbyes to colleagues upon leaving the cafeteria.

Speaking outside the bank’s office, one employee told the cuts had been anticipated for weeks.

“People have been planning their next moves but it’s a tough market,” the person said, speaking on condition of anonymity.

Another employee, who asked not to be named, said the bank held a short meeting in its auditorium at 9.30 a.m. EST to inform staff of the cutbacks. He said he was later handed an envelope informing him of his redundancy. The staffer said he and his colleagues had known the impending cuts were likely for the past couple of weeks.

Deutsche Bank plans to close all of its equity trading business and cut some parts of its fixed income operations, in an overhaul expected to lead to 18,000 job cuts.

Some of those roles will be cut immediately, while some staff will be kept on for longer while they help wind down operations.

A few hours after the Hong Kong staff left, workers were seen leaving Deutsche Bank’s office in the City of London, which along with New York is expected to bear the brunt of the cuts, carrying similar envelopes.

“I was terminated this morning, there was a very quick meeting and that was it,” said one IT worker, who left while Deutsche Bank chief executive Christian Sewing was inside the building doing a call with the media.

Few staff wanted to speak outside the bank’s London office, but trade was picking up at the nearby Balls Brothers pub around lunchtime.

“I got laid off, where else would I go,” said a man who had just lost his job in equity sales.

FAR-FLUNG CUTS

The layoffs were going beyond the major financial centers.

A Deutsche Bank employee in Bengaluru told that he and several colleagues were told first thing that their jobs were going.

“We were informed that our jobs have become redundant and handed over our letters and given approximately a month’s salary,” he said.

“The mood is pretty hopeless right now, especially (among)people who are single-earners or have big financial burdens such as loans to pay,” he added.

Deutsche spokespeople in Hong Kong and London declined to comment on specific details about the number of departures, but said they would try to support people being made redundant.

For those losing their jobs in equities, finding a new one could prove difficult, with the industry still grappling with higher costs from new European regulations on share trading.

“The job market in equities is going to be very tough,” said George Kuznetsov head of research and analytics at Coalition, which analyses the investment banking industry.

“Our expectations if for equities sales and trading revenues falling 7-8% this year and that of course is going to put a lot of halts into the hiring across most of the brokers”.

For Deutsche Bank staff whose jobs are safe for now, there was some relief, but also big doubts about the future.

“The biggest question for us is where do we go from here if we don’t offer the whole suite of products? Will clients stick with us or is the game over?” said a Singapore banker who remains in his job.

Explainer: Trump risks legal fight with emergency threat on wall

WASHINGTON ( ) – President Donald Trump will almost certainly face legal challenges over his decision to declare a national emergency to get additional funding for a U.S.-Mexico border wall, circumventing the power of Congress to set spending policy.

Legal scholars say it is unclear how such a step would play out, but they agree a court test would likely focus on whether an emergency actually exists on the southern border and on the limits of presidential power over taxpayer funds.

Trump is unhappy with a bipartisan border security bill that is going through Congress to avert another government shutdown, because it contains only a fraction of the funds he demanded for his promised border wall. The White House said Trump would sign the bill but declare a national emergency to try to obtain funds for the wall.

That will likely trigger a long legal fight possibly stretching into Trump’s 2020 re-election bid, and embolden critics who already accuse him of authoritarian tendencies and unpredictable swerves in policy-making.

Congressional Democrats are already vowing legal challenges.

They have balked at giving Trump money for what they say is a wasteful and unnecessary wall.

Trump made his promise to build a wall and have Mexico pay for it a centerpiece of his 2016 presidential campaign. The Mexican government has refused to pay.

PRESIDENTIAL DISCRETION

Under the Constitution, decisions about spending taxpayer funds and creating policy are typically made by Congress.

But a 1976 law allows the president to bypass Congress and redirect funds in the event of a national emergency. The National Emergencies Act does not define “emergency,” giving the president broad discretion to declare one, legal experts said.

The law empowers Congress to override an emergency declaration, but that requires action by both chambers, which would be hard to get since the Senate is run by Trump’s fellow Republicans and the House of Representatives by Democrats.

The United States currently has about 30 national emergency proclamations in effect, including ones related to the Iran hostage crisis of 1979 and the swine flu pandemic in 2009.

Congress has made a wide range of special powers available to a president who declares a national emergency.

One law allows the president to redirect U.S. Department of Defense construction funds that have not yet been allocated.

Another enables the U.S. Army to halt civil projects and instead apply the funds and personnel to projects “essential to the national defense.”

LITTLE PRECEDENT

There are few court cases on the scope of the president’s emergency powers, and legal experts are split.

Robert Chesney, a professor of national security law at the University of Texas, said a legal challenge on those grounds might succeed but that the courts typically showed deference to the president on national security matters.

Elizabeth Goitein, a lawyer at the Brennan Center for Justice, said there were strong arguments that border wall construction is impermissible under various statutes granting the president emergency powers.

While the U.S. Supreme Court has denied legal standing to individual lawmakers from the House of Representatives challenging White House actions, the entire House may have more solid legal ground to bring a lawsuit.

In 2015, the federal appeals court in Washington said the House as an institution had standing to challenge a means chosen by the Obama administration to fund part of the Affordable Care Act, where Congress had not appropriated the money.

Individuals or businesses with contracts canceled because of a redirection of military funds could also challenge Trump in court, as could private landowners whose property might be seized, Chesney said.

A practical issue for Trump, even if he could credibly argue an emergency exists, is that he would need to get his wall money out of whatever funds are left over from a pool of about $10.4 billion in military construction projects during the current fiscal year, which ends on Sept. 30.

The U.S. military has not disclosed how muc上海夜生活网h funding might be left over in its military construction budget. It was unclear whether any cash still available would be enough to make significant headway in building the border wall.