Hamilton inches closer to F1 title in Japan

first_img VERY CLOSE “I was able to hold him behind me, but he got very close,” Hamilton said. “We had a bit of traffic, but it was very close at the end.” Hamilton’s Mercedes teammate Valtteri Bottas was fourth, followed by Ferrari’s Kimi Raikkonen. The Force India duo of Esteban Ocon and Sergio Perez was sixth and seventh, respectively. Haas driver Kevin Magnussen was eighth, followed by teammate Romain Grosjean. Williams driver Felipe Massa rounded out the top 10. Vettel’s early retirement put a serious dent in his fading hopes of coming back to win the championship. He also had mechanical issues at Malaysia and started at the back of the grid before working his way to a fourth-place finish. “It is obviously a pity the last two races with the reliability issues,” Vettel said. “But you know, it’s like that sometimes. Of course it hurts, and we’re all disappointed.” Sauber driver Marcus Ericsson also retired early when he ran across the gravel and dived nose-first into the barriers. Carlos Sainz lost control of his Toro Rosso, spinning across the gravel into the wall on the outside and retiring after the second lap. Mercedes also increased its lead in the Constructors’ standings to 145 points over Ferrari. Red Bull is in third place with 303 points. The next race is October 22 in the United States. SUZUKA, Japan (AP): Championship leader Lewis Hamilton won the Japanese Grand Prix yesterday, taking a major step towards winning his fourth Formula One (F1) title. The Mercedes driver crossed the finish line 1.2 seconds ahead of Malaysia GP winner Max Verstappen to claim his eighth F1 victory of the season and third at the Suzuka circuit. Verstappen’s Red Bull teammate Daniel Ricciardo was third. “The track was fantastic today and the team did an unbelievable job,” Hamilton said. “Max drove an outstanding race. Obviously, it wasn’t easy for us.” Hamilton moved 59 points clear of title rival Sebastian Vettel with four races left. Vettel was forced to retire on the third lap when his Ferrari lost power. Starting from pole position next to Vettel, Hamilton held the lead through the first turn. With Vettel out of the race, it quickly became a showdown between Hamilton and Max Verstappen. Hamilton built up a four-second lead over the Red Bull driver through the first 15 laps and made his only pit stop on the 23rd lap. Verstappen pitted a lap earlier than Hamilton, then produced some good laps to cut the lead to 1.7 seconds midway through the race. Verstappen closed to within a second at the start of the final lap, but traffic allowed Hamilton to escape once more and seal the narrow win.last_img read more

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Frightening outlook for sugar industry

first_imgDear Editor,The report by GuySuCo’s CEO, Errol Hanoman, in another section of the media on September 2 that “GuySuCo is in US0M debt and selling 2,000 acres to raise cash” is not only mind-boggling, but rather frightening with respect to the future of the sugar industry and the perpetuity of government’s subsidy.Editor, GuySuCo’s current debt of US0 million or G billion needs to be carefully analysed. First, we must recall that in 2014 the then CEO of GuySuCo, Paul Bhim, reported to the National Assembly Economic Service Committee that GuySuCo had incurred a debt of G billion. It means that for 2015 and 2016 year-to-date, the company has incurred an additional billion debt. In 2015 and 2016 year-to-date, the government has provided 12 and 9 billion dollars to GuySuCo, respectively; a total of billion.In 2015 the company produced 227,000 tonnes sugar. Assuming that the average price for bulk and packaged sugar was US0 (using a more-than conservative price for bulk raw at US15 cents per pound or an overall US21 cents), the revenue from the sale of sugar would have been US million or G billion, an amount that’s barely sufficient to cover its annual employment cost.The company’s total operating expense was in the vicinity of G billion, as such the subvention from the government last year of billion went towards subsidising the company’s operating expense. It means that there was no major capital works, and of course there was no increase in pay for the workers.An agriculture-based company as geographically diverse and operationally complex as GuySuCo, being starved of capital investment will have far-reaching deleterious effects on its operations and potential productivity, and a company that’s labour intensive and managerially challenging being deprived of adequate pay increase will suffer from low morale, declining productivity, low attendance, shortage of suitable and talented human resource and poor labour relations. All of which are anathematic to the progress of the sugar industry.With the poor 1st crop 2016 production of 57,000 tones (a drop in the target by 30%), this year the situation wouldn’t be any better. It’s highly unlikely that this year’s production will exceed 200,000 tonnes, for even to achieve this the company has to produce 143,000 tonnes in the current 2nd crop, and with the production for the four weeks since the crop started being only 9000 tonnes, it is not encouraging. 200,000 tonnes is estimated to yield revenue of G billion, taking into consideration the current world price of sugar of US20 cents per pound and with such anticipated low production this year, not much sugar will be available for packaging; since the contracted European and the highly-subsidised domestic market will have to be fulfilled.If the annual production is about 200,000 tonnes this year, the G billion approved for this year as government’s subsidy will be inadequate, together with the company’s own revenue, to meet the total operating expense of G billion, which takes into assumption that it remains the same as last year; albeit the costly expense of El Niño earlier this year.It means that there will be the need for an additional G billion from the government’s coffers (a total of G billion this year), unless the company endeavours to borrow the amount from commercial banks and thereby increasing its current debt of G billion. The overall debt or subsidy situation will be exacerbated if production falls below 200,000 tonnes.The question to be asked is: What are the reasons for the company incurring an additional G billion in the last 18 months (2015 and 2016 year-to-date), if the government’s subsidy together with its own revenue was adequate to cover its total operating expense?Editor, on the selling of 2000 acres of land to “raise cash” to offset G billion it would require selling an acre of land for ,000,000 or 1 per square foot. If bought by land developers for housing schemes, a modest 8000 square foot of house-lot would cost ½ million each; so at what price will this be re-sold to a potential homebuyer?GuySuCo’s main problem is its low sugar production and high operating costs, and these factors are by no mean mutually exclusive. Unless, there is a dramatic increase in sugar production, a reduction in its operating expense, and expansion of its value-added sugar products with aggressive marketing strategies, the scenario cited above will continue in perpetuity, which is the government will have to continuously subsidise the sugar company each year in the vicinity of 12 to 15 billion dollars.Diversification will not salvage it from its dilemma. It will only add to its woes.Yours faithfully,Dmithri Ramsunailast_img read more

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Serena Williams powers past Giorgi for first win of 2020

first_imgNo need to wear face masks in Metro Manila, says scientist Don’t miss out on the latest news and information. In Williams’ first match since losing the US Open final in September, she took time to settle and was forced to save an early break point with the first six games all going with serve.But at 3-3 in the first set, Williams found her range and from there on the result was never in doubt.Auckland is an important tournament for the veteran as she prepares for the Australian Open later in the month with her eyes firmly on a record-equalling 24th Grand Slam title.While Williams is the undisputed face of American tennis, she has been joined in Auckland by the new wave of US tennis stars, headed by the tournament third seed Amanda Anisimova who did not disappoint.The 18-year-old, who captured world attention reaching the semi-finals of the French Open last year where she lost in three sets to eventual champion Asleigh Barty, needed 78 minutes to dispose of Kateryna Kozlova of the Ukraine 6-3, 6-4.ADVERTISEMENT View comments ‘People evacuated on their own’ Serena Williams of the US hits a return against Camila Giorgi of Italy during their women’s singles first round match during the Auckland Classic tennis tournament in Auckland on January 7, 2020. (Photo by MICHAEL BRADLEY / AFP)Serena Williams found her power game after a sluggish start as she overcame qualifier Camila Giorgi to open her 2020 season with a straight-sets victory at the Auckland WTA Classic on Tuesday.With an eye on the Australian Open later in the month, the 38-year-old worked her way into a blistering performance that proved too much for the 1.7 metres (5ft 6in) Italian.ADVERTISEMENT Pagasa sees cloudy skies, scattered rain showers in volcanic eruption-hit areas ‘M-V-P!’: Ish Smith helps Wizards top no-Kemba Celtics More than 40 quakes hound areas reeling from Taal Volcano’s eruption MOST READcenter_img ‘People evacuated on their own’ SEA Games 2019: PH’s Josie Gabuco boxing light flyweight semi final (HIGHLIGHTS) PLAY LIST 02:51SEA Games 2019: PH’s Josie Gabuco boxing light flyweight semi final (HIGHLIGHTS)00:50Trending Articles00:50Trending Articles01:05Poor visibility, nakaapekto sa maraming lugar sa Batangas03:028,000 pulis sa Region 4-A, tuloy ang trabaho03:57Phivolcs, nahihirapan sa komunikasyon sa Taal01:04Sold-out: Stores run out of face masks after Taal spews ash01:45Iran police shoot at those protesting plane shootdown01:54MMDA deploys rescue team to Batangas following Taal eruption Unlike Williams, Anisimova said she felt quite at home in the Auckland wind.“I’ve been training in Miami and it’s really the same,” she said.Sports Related Videospowered by AdSparcRead Next Lava gushes out of Taal Volcano as villagers flee Air quality in NCR now improving after Taal ashfall US stocks climb ahead of trade deal, sending S&P 500 to record high “I feel really good, it was fun to be out there,” Williams said after sealing her 6-3, 6-2 victory with her eighth ace against the 99th-ranked Giorgi.“It’s really good that I still have some power left in my arms and my legs.”FEATURED STORIESSPORTSAndray Blatche has high praise for teammate Kai SottoSPORTSBig differenceSPORTSAlmazan status stays uncertain ahead of Game 4Williams, originally drawn to play two-time Grand Slam winner Svetlana Kuznetsova before the Russian pulled out due to a virus, said her preparation had been helped by playing doubles with Caroline Wozniacki the previous evening which allowed her to adapt to the blustery Auckland weather.“I knew it was going to be really tough but I think the doubles really helped. I got to come out here and play a little bit in these conditions and get used to them.” LATEST STORIESlast_img read more

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Mourinho still has Rooney in his sights

first_imgAnd while Mourinho avoided referring specifically to his ongoing pursuit of Rooney during a news conference at Chelsea’s Cobham training ground, south of London, on Friday he confirmed ahead of his side’s opening Premier League game with Hull City he will not abandon his efforts to land his number one target.Portuguese icon Mourinho has also been linked with a reunion with Samuel Eto’o who appears destined to leave Anzhi Makhachkala and has spoken positively about his desire to work with his former Inter Milan coach again.But Mourinho indicated his main priority lay elsewhere.“For me as a manager, I’m happy that a player who worked with me before goes publicly and says he’d like to join me again,” said Mourinho, now in his second spell in charge of Chelsea.“Especially a player like Samuel, a player with a big history in European football.“But we are trying to get one player (Rooney) and we’ll see what happens. Before the transfer window closes, we’ll make decisions. The decisions can be different decisions.”He added: “I’m just a Chelsea manager, and every one of us is looking always to try and strengthen your squad.“We (managers) all say ‘no’ but we lie to the last day, when the market is open, because we’re all waiting for something to happen.“Even if we say we’re very happy with our squad, we lie, because we always want to make it better.“We’ll see what happens, not just with us but with Manchester United.“I like my squad. I’m not lying there. And I enjoy working with these young people, some of whom are taking their first steps in the Premier League, and I’m enjoying the process of working with this young team.”While Mourinho expects to add to his squad, he was adamant David Luiz will not be leaving west London side Chelsea despite interest from Barcelona.“This club did fantastic work and found a fantastic balance,” explained Mourinho. “The club is in a perfect condition to say ‘we don’t want to sell this player or that player. We want to keep this one.’“David is one of the players the club made a huge investment in.“He’s not been here for seven-to-ten years. He’s been here for a couple of years, and he signed a new contract last year and was happy to do it.“So we want to keep him and we understand that a big club like Barcelona wants the best, and tries to get one of the best central defenders in the world.“But we are being very honest also by saying there is no chance David Luiz is leaving.”0Shares0000(Visited 1 times, 1 visits today) 0Shares0000COBHAM, August 16 – Jose Mourinho insisted on Friday he will not give up on his pursuit of Wayne Rooney until the transfer window finally closes.The Chelsea manager has made it clear he wants to recruit Rooney this pre-season but has so far failed twice to persuade Manchester United to part with the England striker.last_img read more

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City must pay $1.4 million

first_imgLANCASTER – The city will pay $1.4 million to a contractor fired in 1999 in a dispute over construction of the interpretative center at the Prime Desert Woodland Preserve. The city also owes the contractor attorney fees that could range from $200,000 to more than $700,000, but the amount has not been settled. At their meeting Tuesday night, the City Council is expected to approve a payout to M.A. Butters & Associates, which won court rulings on its lawsuit claiming it was wrongfully fired. The payout includes $700,000 for breach of contract, another $376,000 in additional expenses from the termination and over $312,0000 in interest on the judgment. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREOregon Ducks football players get stuck on Disney ride during Rose Bowl eventStill to be determined is the amount for attorneys’ fees. Butters is claiming approximately $732,480. The city states an award of approximately $200,000 would be reasonable, according to a staff report by City Attorney David McEwen. A court hearing on the attorney fees issue is scheduled for Friday. Butters’ attorney declined comment last week, citing the pending hearing. Lancaster awarded a $1.8 million contract to Butters in November 1998 to build the interpretation center, some of the trail network, and a parking lot. City officials said Butters was terminated because work was behind schedule and it showed no promise of getting the project on track. City officials say the work was about 55 percent to 60 percent complete when Butters was declared in default of the contract. Butters said he was owed $700,000 at the time he was terminated. His lawsuit alleged the city’s termination hurt his company’s overhead and had a tremendous financial impact on his business in terms of his ability to bond other work. A point of contention was the construction process using straw bales. The 5,060-square-foot center is one of the largest – perhaps even the largest – building of its type in the state. The contractor said city officials did not adequately spell out how to build a straw-bale building and, in particular, how to apply plaster to the bales. City officials said the company was given proper instructions. In June 2003, a Superior Court judge ruled in favor of Butters and awarded the firm $1.9 million. The judge, however, denied Butters’ motion for attorney fees. Both the city and Butters filed appeals – the city contesting the judgment and Butters over the denial of attorney fees. The appeals court reversed the trial court’s award of $750,000 of lost profits, finding that in the construction industry determining future profits is too uncertain, McEwen said. The appeals court also reversed the denial of attorneys’ fees. james.skeen@dailynews (661) 267-5743160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

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STUNNING REPORT! Super agent Raiola working on Balotelli to Manchester United

first_img Mario Balotelli 1 Mario Balotelli has been linked with a shock switch from Liverpool to Manchester United.According to the Gazzetta dello Sport, the striker’s agent Mino Raiola has offered the Italian to the Old Trafford club as he bids to end Balotelli’s nightmare spell at Liverpool.It has been claimed that Raiola, who brokered the record-breaking arrival of Paul Pogba at Manchester United this summer, is hoping to convince Jose Mourinho to reunite with the striker he managed at Inter Milan.It is also suggested that Zlatan Ibrahimovic would act as the perfect mentor for Balotelli, whose attitude has often been questioned throughout his career.A long list of Italian clubs have been linked with Balotelli while he has also reportedly been offered to French club Nantes.But Raiola is hoping to pull off one of the more audacious moves of the summer by getting the former Manchester City striker in at Old Trafford before the close of the window.The 26-year-old has scored just one Premier League goal for Liverpool since his arrival in 2014 and managed the same tally during his season-long loan at AC Milan last term.last_img read more

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Everton defender Ramiro Funes Mori has successful surgery on knee injury

first_imgEverton defender Ramiro Funes Mori has revealed he has undergone successful knee surgery.The centre-back suffered the problem on international duty with Argentine last week – tearing a meniscus just minutes into their 2-0 World Cup qualifying victory over Bolivia.Following a second opinion on Monday it was decided the best option for the 26-year-old was to have an operation to fix the damage, which means he will now miss the remainder of the season.Funes Mori Tweeted from his hospital bed post-operation: Defender Ramiro Funes Mori will miss the rest of the season for Everton Buen dia!!! La operacion fue todo un exito!!! Saludos a todos. Good morning!!! The surgery was succesful. Shout out to everyone. pic.twitter.com/jEkwbB0Fwk— Ramiro Funes Mori (@funesmoriofi25) April 4, 2017//platform.twitter.com/widgets.jscenter_img 1last_img read more

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Univision Board OKs Sale to Consortium

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MORE11 theater productions to see in Southern California this week, Dec. 27-Jan. 2165Let’s talk business.Catch up on the business news closest to you with our daily newsletter. Something went wrong. Please try again.subscribeCongratulations! You’re all set! LOS ANGELES — Univision Communications Inc.’s board has agreed to sell the nation’s largest Spanish-language broadcaster for $12.3 billion in cash to a consortium of investors, the parties involved in the sale announced early Tuesday. The company’s shares soared more than 7 percent. The figure agreed upon late Monday equals $36.25 a share, according to a news release on the sale. That’s a 13 percent premium to Univision’s closing stock price on Monday. The group of investors will also assume about $1.4 billion in debt. The consortium, led by private equity firms Texas Pacific Group Inc. and Thomas H. Lee Partners, also includes Madison Dearborn Partners LLC, Providence Equity Partners Inc., and media mogul Haim Saban. “Univision is truly a one-of-a-kind property,” the acquiring group said in a joint statement. “It is an outstanding media brand with exceptional positions in the fastest growing markets in the country, world-class assets, strong management, popular programming and unmatched ratings.” Mexican broadcaster Grupo Televisa SA, which led a rival consortium of investors, issued a statement Tuesday saying it was “disappointed” with the outcome of the Univision auction. “Notwithstanding our repeated offers to discuss all aspects of our proposal, including price, Univision and its advisers refused to enter into any discussions with us after we submitted our initial bid,” the company said. “Given this action by Univision’s board, Televisa has a number of alternatives it is considering.” Univision’s bylaws allow Televisa, which owns an 11 percent stake in Univision and supplies it with much of its programming, to veto a sale of the company, but such a move can be defeated by a 60 percent approval from Univision shareholders. Televisa may still seek to proffer a higher bid, but it would have to be at least $38 a share to sway the Univision board, analyst Jonathan Jacoby of Bank of America Equity Research suggested in a note published Tuesday. The Texas Pacific Group-led consortium initially bid $35.50 a share, or just under $11 billion total, last week. But Univision, which had reportedly been seeking an offer of $40 a share, rejected the group’s initial bid as too low. The investor group’s offer remained on the table until Friday, when it expired. Both sides talked over the weekend and came to terms, a person familiar with the deal told The Associated Press. Each of the private equity groups is expected to invest around $1 billion initially and Saban somewhat less, the person said. The deal, if approved by Univision shareholders and regulators, is expected to close in the fourth quarter of this year or first quarter of 2007, according to the news release. Univision dominates the U.S. Hispanic media market through its three television networks – Univision, TeleFutura and Galavision – more than two dozen television stations, a recorded music division, Internet portal and Spanish-language radio stations. Monday’s agreement ended a rocky auction for the broadcaster, which decided in February to explore selling the company. Televisa struggled to put together a bid early last week amid defections by several of its investor partners. First, private equity firm Carlyle Investment Management LLC dropped out, followed by Blackstone Management Associates V LLC, and Kohlberg Kravis Roberts & Co. On Friday, Televisa lost the investment arm of Venezuelan broadcaster Venevision, a unit of The Cisneros Group of Companies. Venevision owns a 14 percent stake in Univision and also supplies the U.S. network with programming. Still, Televisa and its remaining partners, private equity firms Bain Capital Partners LLC and Cascade Investment LLC, which invests for billionaire Bill Gates, managed to submit an offer Friday that they claimed at the time exceeded the Texas Pacific Group’s initial offer. Univision shares rose $2.15, or 6.7 percent, to $34.18 in midday trading on the New York Stock Exchange, near the high end of a 52-week range of $23.52 to $36.67.last_img read more

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Aubameyang debut delayed? Arsenal star to be ‘assessed’ before Everton clash

first_img Aubameyang may have to wait for his Arsenal debut Pierre-Emerick Aubameyang may have to wait to make his Arsenal debut due to illness, Arsene Wenger has revealed.Aubameyang was set to make his first appearance in a Gunners shirt against Everton in the Premier League on Saturday, having joined the north London club on transfer deadline day.But Wenger says the club-record £56million signing will now be assessed ahead of the Emirates Stadium clash after picking up a sickness bug.In a press conference on Friday, Wenger said: “I have to assess how well he is physically today and how well he feels.“He had a fever, so he could not practice a lot. He started yesterday, but was still not completely well.“I have to assess with the medical department how fit he can be.”Arsenal’s deal for Aubameyang could prove to be bargain given his amazing goal record at Borussia Dortmund, and Wenger says the 28-year-old is ready to prove his quality in the Premier League.“The Premier League is a challenge for every big player today,” said the Frenchman. “That is where everybody wants to play.“I have known him for a long time, he has played against Arsenal many times.“He likes the way we play football and I believe he needed a new challenge. We were the ones who could offer that to him.”Aubameyang’s move will see him reunited with former Dortmund team-mate Henrikh Mkhitaryan, who also joined Arsenal in January as part of Alexis Sanchez’s move to Manchester United.The playmaker was used off the bench during Tuesday’s 3-1 loss at Swansea and Wenger says the Armenian could make his full debut against Everton.Meanwhile, Wenger revealed midfielder Jack Wilshere is also a doubt for the Everton game because of illness, but was “hopeful” he could be in the squad.“We had Jack who was sick – I still have to assess him today,” the boss added.“I hope he will be capable of being in the squad. He’s better. He’ll train with the team today and we’ll see how he feels.” 1last_img read more

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Celtic seal ‘treble treble’ with cup final win over Hearts

first_imgArnaud Djoum tried his luck with a shot but it instead found Sean Clare who played a deft backheel into Edwards’ path and the Australian made no mistake.The lead was short lived. In the 62nd minute referee Willie Collum pointed to the spot when  Edouard went to ground under a challenge from Hearts keeper Zdenek Zlamal.Edouard dusted himself off and took the spot-kick himself, firing a powerful shot to Zlamal’s right to level the scores.Celtic brought Olivier Ntcham and Scott Sinclair off the bench in search of a winner while Hearts introduced Oliver Bozanovic, Craig Wighton and Uche Ikpeazu but it was to be the treble chasers who would find success. With eight minutes left to play a Hearts clearance was headed back up the park by Mikael Lustig. The hearts defence was caught flat footed and Edouard made a clever run to collect the ball. The Frenchman strode into space and had plenty of side to pick his spot and fire the ball past Zlamal. Celtic have continued their record-breaking trophy run, sealing a third consecutive domestic treble with a cup final win over Hearts.Odsonne Edouard scored twice after Ryan Edwards had put the Edinburgh side ahead, with the 2-1 victory leaving Celtic players and fans celebrating the ‘treble treble’.The first half brought little in the way of goalmouth action with neither side getting a grip of midfield or creating clear cut chances. The second half saw early drama and from the unlikeliest of sources. Hearts midfielder Edwards, who had been out on loan at St Mirren earlier in the season and had only played three previous games for Hearts, scored just seven minutes after the restart.last_img read more

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