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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.

European stocks clock best weekly showing in two months, French shares shine

( ) – European stocks posted their best weekly performance since early April on Friday, aided by strong gains in Paris, against a backdrop of hope among investors that central banks would support global growth with more accommodative policies.

The Bundesbank slashed its growth projections for Germany and euro zone money markets now price in a 60% chance of the European Central Bank cutting interest rates by 10 basis points by year-end, while U.S. job growth slowed sharply in May, feeding expectations of lower U.S. interest rates in 2019.

The pan-European STOXX 600 gained 0.9%, with Paris-traded stocks posting a 1.6% gain. Frankfurt-listed shares rose 0.8%, while their peers in London firmed 1%.

“Investors continue to pile into equities, with the jobs report and subsequent stock rally capping a very good week for equity markets,” Chris Beauchamp, chief market analyst at IG, wrote in a note.

上海夜生活网Sanofi tacked on 4.4% to prop up the French index and European health care stocks, on news it has poached Paul Hudson from Novartis to become its new chief executive later this year.

The STOXX 600’s top performer was Dutch insurer ASR Nederland with a 5.8% rise, after rival Vivat, for which ASR previously made an offer, agreed to be bought by private European life insurer Athora.

Technology shares, broadly sensitive to trade war ructions, starred with a 2% gain. Chinese President Xi Jinping on Friday called U.S. President Donald Trump his friend and said he believed the United States was not interested in rupturing economic ties with China.

The chemicals sector was among Europe’s top performers, rising 1.1%. Belgian chemical and materials maker Solvay gained 2.3%, aided by UBS upgrading its rating on the stock and boosting its target price.

While higher Brent crude futures fuelled energy shares’ 1.2% rise, Polskie Gornictwo Naftowe i Gazownictwo SA led the sector with a 3.5% gain. A unit of the Polish firm bought a stake in the Norwegian King Lear deposit from Total E&P Norge.

Financial services rose 0.8%, with the sector’s gains led by Exor, which added 1.6%. The Milan-listed firm is the top shareholder in Fiat Chrysler Automobiles, which pulled away from an offer to merge with Renault earlier this week.

Automakers and their suppliers gained 0.1%, as a 4.9% fall in German car parts maker Hella following a rating downgrade by brokerage BHF weighed.

Real estate stocks dipped 0.6%, making them the STOXX 600’s only losing sub-sector.

Deutsche Wohnen slid 8.5% after Morgan Stanley downgraded its rating on the German property group to “equal weight” from “overweight”.

The bank cited the risk of rising political involvement in the German residential market. The Berlin Senate proposed earlier this week to impose a five-year rent freeze from January 2020.

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.

Preview: Juventus – Genoa

Juventus could be judging their return to form perfectly and will continue their pursuit of Serie A leaders Napoli when they host a Genoa side.

Flashscore presents the key facts before the match:

After an indifferent start, Juventus have stormed back into contention and are in a direct fight with Napoli, who are one point ahead. The depth in their squad should help the Champions stave off the injury crisis that currently engulfs them.

Genoa sit just six points above the bottom three, but have found their rhythm in recent matches. The visitors have lost just once in their last eight SA games (W4, D3, L1) and even started the new year with a 1-0 win over Sassuolo.

The hosts have been immaculate at both ends of the pitch (49 goals scored, 15 conceded) this campaign. They have kept 11 clean sheets in SA – more than any other side – and have conceded only one goal in their last 11 games in all competitions.

Their visitors have scored only 16 goals so far – the second-fewest – while drawing blanks in seven of their ten trips in SA. However, they have conceded more than one goal only once in these games (10%).

Genoa haven’t conceded in four SA games on the trot. Another clean sheet will make it the first time they have done so since 1964!Top 5 matches to watch during October’s first weekend Tomás Pavel Ibarra Meda – With a new weekend in European football about to begin, we dive into the Top 5 matches to watch across all the major leagues.After…

Key battles: In the absence of Paulo Dybala, Douglas Costa remains the top bet for Juventus. Can he fill the void?

His task will be tough against Genoa’s rock Ervin Zukanovic, who has made the most interceptions and clearances for them so far.

Stat attack: The last time Genoa won at Juventus in SA was way back in 1991, a run of 14 games without victory (L11, D3).

Missing players

Juventus: P. Dybala (muscle injury), C. Marchisio (groin injury)上海夜生活网, G. Buffon (doubtful), J. Cuadrado (doubtful), B. Howedes (doubtful)

Genoa: F. Migliore (calf injury), E. Zukanovic (suspension), G. Lapadula (doubtful).

Pardew had only words of praise for Rondon

Alan Pardew, the West Bromwich Albion head coach, insisted that he admires Salomon Rondon for his determination to finish the match despite being involved in James McCarthy’s horrific injury.

The Venezuela international had a collision with the home side midfielder in the second-half of this fixture and it caused a horrible double leg fracture for James McCarthy – Rondon fell in tears after that but he managed to finish the match somehow and in the end, he was really close to scoring the winning goal as he hit the crossbar.

The West Brom manager spoke about this incident and Rondon’s effort as he said, according to Sky Sports: “Salomon was traumatised because he probably heard a break or something, a noise that would have affected him, he’s that kind of person.  I wasn’t sure if he was going to carry on but he got himself together after being affected and, fair play to him, he was the best player on the pitch today. He was awesome for us and it was such a shame he hit the bar at the end.”Top 5 Real Madrid players who are succeeding on a loan Tomás Pavel Ibarra Meda – We need to talk about the Top 5 Real Madrid players who are currently succeeding away from the club and are currently on a…

He also added that they could have won this game at the end of the day: “It’s not often you come to Goodison Park and feel slightly disappointed. We felt we could have won that game. We played well at times, took the lead, frustrated Everton and had them where we wanted them.”

In the end, Alan Pardew claimed that he is also disappointed by McCarthy’s injury: “They only had about two or three chances in the gam上海夜生活e and they scored from one and that got them back in the game. The unsavoury incident in the game, which led to James McCarthy getting a bad injury affected everybody a little bit. I’m disappointed for the lad whose been injured but we’re also disappointed we didn’t get a result.”

Chamberlain disappointed in himself

The E上海夜生活论坛ngland international scored a goal as Liverpool won 5-0 against Swansea Cityon Tuesday, but he was not happy with his performance.

Liverpool midfielder Alex Oxlade-Chamberlain admitted he felt really disappointed with the way he played regardless of the goal he scored against the Swans.

The former Arsenal player scored the last goal of the game in front of the KOP, but noted he expects more of himself and will not rest until he gets where he wants to be.

Speaking to Sky Sports after the final whistle of the game, Chamberlain stated: “We got the three points but personally I was quite disappointed with myself today.

“I’m happy I managed to get the goal in the end but I just tried to work hard through the 90 minutes and when the chance came at the end I was happy to put that away. It made it a bit better.Leicester boss Brendan Rodgers relishing Liverpool return Andrew Smyth – Brendan Rodgers is relishing Leicester City’s trip to his old club Liverpool, whom he described as a “privilege” to work for during his three-year stint.

“I just want more from myself and there were a few moments where I could have done better with my end product.”

The 24-year-old knows that good chances do not come often in the English top-flight and criticised his wastefulness, insisting he should have done better at certain situations.

“We train every day and when you get into certain situations you work hard to get into those positions and in this league they don’t come too often. There are a few times today when I could have done better.

“But 5-0 for the boys, I’m really happy with that. I just want to keep pushing myself.”

Wenger wants to get his revenge on Liverpool

Arsene Wenger can remember how heavily his side were defeated by Liverpool earlier this season – and he wants his players to get their revenge for this 4-0 embarrassing loss at Anfield Road.

The Arsenal goalkeeper, Petr Čech, described this loss as one of the worst moments of his long career – so it’s obvious that the Gunners will do anything to win the reverse match and get their revenge. Arsene Wenger admitted that this defeat still hurts him and he thinks that his players feel the same way – and he wants to do something similar to their upcoming opponent.

The former AS Monaco coach spoke about his feeling after this huge loss as he said, according to Sky Sports: “When you have such a long career as I have, you have some defeats unfortunately that hurt you for the rest of your life. I believe what is interesting in football is you always have a time to make up for it. When you can put things right, do it. So let’s focus on what is in front of us and turn up on Friday night with a completely different performance.”Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarr上海夜生活论坛a 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 assuring that the motivation is there and his side will do anything to turn it around: “The motivation is there. This squad has a good mentality and it is about us, to make sure we are on top of our game. We must play with pace and a determined attitude.”

In the end, Arsene Wenger spoke about his reunion with Oxlade-Chamberlain: “It would be not fair to put the defeat at Liverpool, where the whole team had a bad performance, on one player. After that, on the other side, you analyse ‘did you make mistakes or not?’ You cannot go home and say everything was perfect when you lose like we did.”

Messi backs Higuain and his importance for the national team

Lionel Messi, the Argentina captain, defended Gonzalo Higuain as he spoke about his importance for the team and that he fully deserves to be part of the team for the upcoming World Cup.

Gonzalo Higuain was criticized multiple times for being unable to perform properly in the major international tournaments – and he was blamed as the biggest reason of Argentina not winning the la上海夜网st World Cup final against Germany. But Lionel Messi, his side’s captain, insisted that there is no reason why to blame Higuain for that and he deserves to be given another chance to prove himself.

The Barcelona star spoke about Higuain making the final cut as he said, according to Goal: “Pipa has suffered a lot from criticism and we have talked about it a lot of times. But I think that this time away from the national team has done him good, now he is seeing things in a different light. He has to be [in the team] because he is vital, he is one of the best forwards in the world and he always shows it.” Messi made Di Maria cry during the last Copa America Tomás Pavel Ibarra Meda – During an interview with ESPN Argentina, Angel Di Maria revealed when Messi made him and the Albiceleste players cry with a speech.Lionel Messi was…

Messi also showed his support towards his national team’s coach, Jorge Sampaoli: “Argentina is a big step up. At Chile, [Sampaoli] was not obliged to win every game, here he is. Jorge was judged even before he came to Argentina, a lot of people had written him off before he started working. He has told me on many occasions I am the best player in history.”

In the end, the Argentina international also spoke about his possible comeback to his childhood club, Newell’s: “I have said many times that my dream is to play for Newell’s but I don’t know what will happen; part of that doubt is because of the situation in my country. I have a family and my children come first. I want them to grow up in peace, enjoying a safe life. It is horrible to see the things happening in Argentina, to go out on the street and be killed in an attempted robbery.”

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).

Lamela back after a year

Erik Lamea has been forced to the sidelines since last October, due to a hip injury but now it seems as the midfielder can return for Tottenham

Mauricio Pochettino hasn’t been able to put Erik Lamela in his first-team squad for over a year due to the 25-year-old’s injury. However, the Argentine attacker seems like he is ready for action as he lines up for Tottenham U23s against Chelsea.

The Argentine attacker had been a regular in the first-team under Mauricio Pochettino but a hip injury has kept him out since his last appearance on October 25, 2016, against Liverpool in the EFL Cup, GOAL reports.

Lame will get ready for his return as the U23 side of Tottenham faces the Blues of London, meanwhile the senior team goes on to battle with Arsenal in the two side’s North London derby on Saturday.

Pochettino’s side need a win over their London rivals as they are looking to finally win something at the end of the season, since their last trophy win was in 2008. They are currently third-place in the English Premier League, chasing still unbeaten leaders Manchester City.Top 5 Premier League players in September’s last weekend Tomás Pavel Ibarra Meda – A fresh Premier League fixture just ended, which means we can talk about the Top 5 best players of September’s last weekend.After a fresh…

In the meantime, Spurs U-23s are eighth in their 12-team division – one point ahead of Chelsea U23s, so that clash seems like an exciting one as well.

Lamela has made 121 appearances for Tottenham since joining from Roma in 2013 and is contracted to the club until 2020, GOA上海夜生活网L continues.

Back in Italy, where he spent two seasons with Roma, the attacking midfielder has appeared in 62 games and scored important goals for the Serie A giants.

In the 4 years he has spent with Spurs, Lamela has played in 85 games and scored 8 goals. His injury held him back though, but once he returns, the Tottenham offense can be even more lethal than it is now.

How soon can he return to the senior team? We don’t know yet, but the Argentine is certainly on the right path.

Dortmund’s season in danger

Borussia Dortmund have started this season in an incredible form, however the German side can’t seem to keep their performances up

Their emphatic start to the season set club and league records, but it has taken just a few weeks for things to reach a critical point for Borussia Dortmund, GOAL reports.

They have managed to win only 2 out of their last 9 games in all competitions. They are close to elimination in the Champions League, after only drawing against APOEL, and they are about to visit Bayern Munich on Saturday, which will again be a tough game for BVB.

Their start to the season was fantastic: 6 wins out their first 7 Bundesliga matches. In this period, Dortmund scored 21 goals and conceded only 2. It seemed like the club’s new coach Peter Bosz has done a good job putting the team together.

Capitalising on Bayern’s struggles under Carlo Ancelotti, they were touted as title contenders by the media, but their decline has coincided with the Jupp Heynckes-led revival in Bavaria and they have quickly become a club in crisis, GOAL continues.

After being outclassed by Real Madrid and Tottenham, they are no certainties to secure their place in Europe’s top competition over the Cypriot side.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…

With that in mind, staying in the domestic title race will become crucial to ensure their season doesn’t turn into a complete disaster.

Their next game against Bayern could be decisive, as Dortmund was 5 points ahead of Heynckes’ side just a month ago and a defeat now would put them 6 points behind.

Dortmund CEO Hans-Jachim Watzke said to Bild, they’re not a contender to Bayern, even when his side were sitting at the top: “The question is always: what will happen with Bayern? When they recover their form, we have no chance.”

Watzke updated his point with Bayern Munich now on a six-game winning run. He told Sky: “Obviously, once the atmospheric problems between the coach and the team have been resolved, they are stable again.

“If Bayern Munich are stable, then that means they can win everything,” he added.

With that kind of mentality, Dortmund has little to no chance of winning against Bayern. Bad news for the fans, as another loss could see them fall to the point of上海夜生活 no return.

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?

Barcelona ready to pay huge sign-on fee for Messi

The Catalans want to make sure that their star man will sign a new deal with the club and are prepared to pay him a huge amount.

Besides the €550k/week wages that Barcelona are proposing to Messi, they are also ready to pay a €90m bonus to the Argentinian for the signing of a new deal, according to Daily Mail. This would be a record breaking signing-on fee.

Barcelona are thought to be lookin上海夜生活网g to sell the naming rights of their stadium, Camp Nou, which is set to undergo major renovations. The Catalans are looking to rename the stadium as early as next season, hoping that the funds attracted will help ease the burden of the wages. Reports suggest that Barcelona would be looking to raise around €200m for selling the naming rights of the stadium for the next 25 years.Pique sends a warning message to the board after Barcelona scrape the win against… Nedim Maric – The turmoil at the beginning of the season caused a lot of concerns at Barcelona.Shaky start of the season for Barca saw them get…

In a report published by L’Ara, it was claimed that Barcelona’s current wage expenditure of €450m represents a staggering 84% of the total revenue of the club.

In addition to the naming rights, Barcelona would also like to make use of their situation with the kit supplier. Nike are set to make the Catalans a new offer to extend the current deal and a new agreement could be announced next year.

With Barcelona having achieved direct qualification to next year’s World Cup in Russia, Messi’s schedule will now allow space for a potential official announcement about his new deal with the Catalans.

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.”

Klopp says he had a ‘good conversation’ with Coutinho

The Brazilian is finally back from international break and training with the first squad.

Liverpool’s head coach Jurgen Klopp has revealed that he had a good conversation with Philippe Coutinho upon his arrival in Melwood. Yet, the 25-year-old midfielder will likely not start against Manchester City.

Many expected things to get a bit awkward between the two after Coutinho submitted a transfer request in an attempt to force a move to Barcelona, but his wish was denied and he will be staying at Liverpool. However, the Brazilian reported back for training at Melwood on Thursday and everything seems back to normal for Liverpool.

“I know what people think, but Phil had the back problem a few weeks ago and couldn’t train so that means he missed around about three weeks,” Klopp told Liverpool’s official website.

“Yes, he went to the national team and trained normally, but now we have to prepare for a normal season so we have seven games [before the next international break] and we saw trai上海夜网ning this morning and thought ‘OK, maybe we should use him immediately’ because he was really good, but that doesn’t make sense.Liverpool could be kicked out of the Carabao Cup Andrew Smyth – Liverpool face a nervous wait to discover their Carabao Cup fate after falling into hot water with the Football League over selecting ineligible players.

“We have now to continue with the pre-season, not too long, but in a few sessions we have to give ourselves the time because in the next month we have seven games.

“We always have the same decision to make, ‘does he need training or can he play?’ and all that stuff. Yes, he will now do a little bit more than the other boys but he showed up in a very, very good mood and looks really promising.”

The German tactician also stated that he had a fresh talk with Coutinho and everything was alright between them.

“Of course – all good, all good. Nothing else to say, actually, so he’s back and we had a really good conversation, so good,” the Reds boss added.

\u2018If Ronaldo wants to leave Madrid then the Premier League is the right place for him\u2019 says Raul Meireles

Should the Portuguese decide to leave Real Madrid this summer, the Premier League is the right destination for him, says former Portugal teammateWritten by – Nikolay Nikolov, June 27, 2017.

After the reports stating that Ronaldo wants to depart from Real Madrid, because of the way he has been treated by the country’s tax authorities, a lot of his current and former teammates and coaches reflected on the situation. One of them was the former Portugal international Raul Meireles, who believes that a return to the Premier League would definitely suit Ronaldo.

“Yes of course [he could return to the Premier League],” Meireles told Sky Sports News HQ.

“He was very successful in the Premier League so I think that if he does not want to stay at Real Madrid, or he wants to leave, then the Premier League is the right place for him to be.”Kane: Spurs out of excuses after shock Carabao Cup exit Andrew Smyth – Harry Kane concedes that Tottenham only have themselves to blame following a shock Carabao Cup exit at the hands of Colchester United.

“He played before at Manchester United, so it could be them, but I think any team… Chelsea? I do not know, but he can play for any team in the Premier League.”

Spain tax authorities filed a tax fraud lawsuit against the Portuguese earlier this month and reports claimed the forward was ready to re-join Manchester United this summer.

According to Sky sources, Ronaldo will have a meeting concerning his future with Real Madrid president Florentino Perez and head coach上海夜网 Zinedine Zidane after the Confederations Cup is finished, as Portugal advanced to the semi-finals.

On Wednesday night, Ronaldo’s nation will take on Chile in Kazan, Russia.

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.”

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.

Power traders tackle renewables puzzle in Danish ‘Silicon Valley’

AARHUS, Denmark ( ) – Far from the sprawling financial hubs of London or Frankfurt, high-tech traders in the Danish university city of Aarhus are driving rapid change in European power markets, easing the shift to renewables with technology that also carries some risks.

The red-brick buildings, pavement cafes and streets full of cyclists in the coastal city on the Jutland peninsula belie the sophisticated computer-driven trade in electricity and gas across Europe taking place inside some 10 firms based here.

But the wind turbines filling fields nearby flag the origins of a future-focused business. Leading global wind turbine manufacturers Vestas (VWS.CO) and Siemens Gamesa (SGREN.MC) have roots in Denmark, which now covers around 30 percent of its energy needs with renewables.

The rapid diversification brought by renewables, coupled with growing competition and digitalization in traditional European power and gas, has lowered margins, shortened contracts and brought an explosion of data for traders to consider.

Algorithms can examine live data about the output of wind turbines or solar panels, changeable weather patterns, demand and fuel price data much faster, more accurately and at a lower cost than a human trader.

A Dane called Henrik Lind spotted an opportunity in Aarhus, where Vestas is based, and set up Danske Commodities in 2004. It and other firms established since – some by former Danske Commodities employees – now use algorithms and artificial intelligence to reap rewards from real-time fluctuations in supply and demand.

“A knowledge industry has been created here of power, gas, renewables, Big Data, artificial intelligence – a combination of the traditional markets and the Silicon Valley tech,” said Jesper Johanson, chief executive and co-founder of InCommodities, one of four Aarhus-based firms spoke to.

Energy companies and banks have their own trading desks experimenting with automation and utility companies are also dipping their toes into the business, but some say that with customers to satisfy, the stakes are much higher if they get it wrong.

In an ideal world, the technology helps energy producers to sell their output at the best price, utilities to keep their costs and supplies steady and bankers and brokers to make money with trades that smooth over sharp changes in supply or demand.

Balancing those interests and ensuring transparency and predictability is a challenge, however, and market experts expect regulation to evolve as it has for financial markets as power trading develops.

DATA IS GOLD

Specialist firms are already growing fast as the shift away from fossil fuels introduces a raft of new variables.

“I consider InCommodities just as much an IT company as a commodity trader,” said Johanson, one of four founders of a two-year-old company which now employs 35 people trading short-term power and gas in ten different European markets. All four founders have previously worked at Danske Commodities.

InCommodities’ earnings before tax jumped 529% last year to 7.9 million euros ($8.9 million) and it plans to expand into UK gas next year, emissions markets and, potentially, liquefied natural gas in future.

Danske Commodities was bought by Norwegian oil and gas major Equinor (EQNR.OL) last year: its 50 dedicated energy traders are now doing more than 3,750 trades a day; 24 hours a day; 7 days a week and across 38 power markets.

Unlike InCommodities, which trades for itself, Danske Commodities buys and sells on behalf of clients which may be power companies or renewable energy producers; its earnings before interest and tax rose by 28 percent last year to 72 million euros.

“We treat data as gold. We believe in automation. AI and algorithms are important to be able to leverage the trend of digitalization and develop a competitive edge in these power markets,” said Andreas Schwartz Knudsen, the company’s head of commercial business development.

Leading European power exchange EPEX SPOT said automatic trading began on its platform in 2012 and by last year accounted for around a third of record intraday and day-ahead volumes of 567 terawatt hours (TWh).

Six senior上海夜网 company officials from Danish-based companies involved in the trade interviewed by all saw European power trading becoming so complex that only computer modeling, coupled with human traders, could tackle it.

Investment in automation technology can cost from 100,000 euros to several millions but the most successful has a payback of between one and two years, according to Philippe Vie, group leader of energy, utilities and chemicals at business consultancy Capgemini.

Even so, some people are cautious.

Swedish power company Vattenfall’s CEO Magnus Hall said the company did trade automatically, but “under great surveillance”.

“If it goes wrong it can go severely wrong,” he said by telephone. “Some others do it more frequently but we think there is a need for more safety and security work.”

FAIR MARKET

Market players in Aarhus see themselves as a force for good in a market much more unpredictable than it was in the pre-1990s era of state monopolies dealing with fossil-fuel based regional supply and relatively steady demand.

“The transition towards a higher share of renewable production increases market volatility,” said Sebastian Lund, managing partner of Aarhus-based Nordic Energy House, founded by four former Danske Commodities employees and focused on British and Irish intraday power markets.

“Traders provide market liquidity and play a vital role in establishing dynamic and fair market prices,” he said.

The increasing electrification of power to homes and businesses and the prospect of millions of electric vehicles supplied via a web of renewables and traditional suppliers gives a picture of the complexity ahead.

Algorithmic trading is at a relatively early stage compared with financial markets, but as it develops, it will become harder for the traders overseeing it to gauge the factors behind market moves.

Potential risks have already caught the attention of the body overseeing European energy market transparency regulation, the Agency for the Cooperation of Energy Regulators.

“The two main examined risks are its potential use as a tool for the manipulation of the market and the possibility that algorithms themselves can in certain circumstances be susceptible to manipulation,” it said.

Existing legislation already applied, it said, while adding: “Provisions from the financial legislation and experience from financial market authorities could prove useful.”

REWARDS

The rewards for successful power trading are growing.

Volumes in Europe’s main wholesale markets were broadly stable at 9,270 terrawatt hours (TWh) last year, but a rise in prices pushed its notional value up 25% to a 7-year high of 459 billion euros, research firm Prospex said. Total European gas trading value rose 35% last year to exceed one trillion euros for the first time.

“As technology and trading gets more sophisticated, the imperfections and the profits shrink,….but the companies playing the market the best, with the most sophisticated technology, are claiming larger profit share,” said Antti Belt, managing director and partner at Boston Consulting Group.

Germany has the continent’s most liquid power market and very short term trades are increasing, while German power producers and grid operators are concerned about the possibility of outages as the country shifts to renewables.

In-country and cross-border capacity is an issue, and with a population exceeding 83 million, Germany has around 14 times as many people to worry about than its northern neighbor Denmark.

There, so far, the experience has been good.

“Denmark … is now widely recognized as a global leader in integrating variable renewable energy while at the same time maintaining a highly reliable and secure electrical power grid,” the International Energy Agency said.

At Danske Commodities, the average age of the 300 employees is 33 and 73% have a master’s degree or higher – some even in cosmology and nanophysics. A talent pool for it and other firms lies on the doorstep.

Cain, Moore nominations for Federal Reserve seats on track: Kudlow

WASHINGTON ( ) – Top White House officials on Sunday defended President Donald Trump’s plan to name two political loyalists to the Federal Reserve board of governors, brushing aside controversies over their personal lives and qualifications to help run the world’s most powerful central bank.

White House economic adviser Larry Kudlow and acting White House Chief of Staff Mick Mulvaney used appearances on Sunday morning talk shows to defend Trump’s plan to nominate economic commentator Stephen Moore and businessman and former presidential candidate Herman Cain to fill open board seats at the Fed.

“The president stands behind both of those gentlemen right now,” Kudlow said on CNN’s “State of the Union.”

“We have two open seats. The president has every right in the world to nominate people who share his economic philosophy.”

Trump has been highly critical of his handpicked Fed chairman, Jerome Powell, after a series of interest rate increases and other act上海夜生活ions last year that Trump feels have held back an economy that would be otherwise growing like a “rocket ship.”

The rate increases have left the central bank’s target interest rate still low by historical standards, and among monetary policy officials were considered a cautious hedge against a return of inflation in an economy that last year was going faster than expected. Keeping inflation under control is a key mission of the Fed, and higher rates help do so by discouraging borrowing and spending.

But “there is no inflation,” Kudlow said. Instead there was “worry that the central bank is not taking account of a weak world economy, some financial tightening in the marketplace,” and made monetary policy too restrictive.

The Fed said it was weak inflation, weakening global growth, and financial volatility that led it last year to put further rate increases on hold and shift other policies as well.

Still, Kudlow said the president believed that the Fed was fundamentally flawed in its view that at some point very low unemployment will lead to higher inflation.

That idea “has been disproven for decades,” he said. “We believe more people working and succeeding does not cause inflation.”

“President Trump has every right to put people on the Federal Reserve Board with a different point of view,” Kudlow said. “He wants people on the Fed who share his philosophy. It is not a political issue. It is an issue of how do you see the world.”

Cain and Moore have not yet been formally nominated, pending the completion of background checks, and would have to be confirmed by the U.S. Senate.

They will likely face questions about a series of matters, including the allegations of sexual harassment that prompted Cain to withdraw from the 2012 presidential race. He has denied the allegations. His current position with a pro-Trump political action committee has also drawn scrutiny.

Moore, meanwhile, has already been asked by Senate Democrats to produce information and documents about a $75,000 lien that the Internal Revenue Service has filed against him for back taxes. He also was cited for contempt of court in 2013 for overdue alimony and child support payments.

On policy, the two have been criticized as overtly political picks whose views of the economy have shifted based on the party in power, and who critics worry would try to shape monetary policy with Trump’s short-term political interests in mind.

Mulvaney said Cain “would be a great member of the Fed.”