News / Russian haulier Globaltruck eyes major fleet expansion after successful IPO

first_img By Alexander Whiteman 03/11/2017 © Jiri Vaclavek “[It] clearly demonstrates that investors, both in Russia and internationally, have recognised the quality of Globaltruck’s business and the potential of our sector,” said Mr Eliseev.“We welcome all our new shareholders and look forward to progressing our strategy to firmly establish Globaltruck as Russia’s national champion in the road freight industry.”Around 50% of the IPO was allocated to institutional investors outside Russia, while the Russian Direct Investments Fund (RDIF) and a group of international sovereign wealth funds took a 38.96% share. CFO Denis Lesnykh is buying more than 5m shares (roughly 18%) and all parties have agreed not to sell until 180 days after the share delivery date.Globaltruck claims to be the largest full-truckload (FTL) operator in the Urals and Siberia regions and the second-largest in Russia.Last year’s revenues hit Rb6.2bn ($107m) with an EBITDA of Rb1.4bn, and Globaltruck counts IKEA, Procter & Gamble, Unilever and Russian industrial giants MMK, UMMC and Sibur among its clients.It said it will use the IPO proceeds to add 350-450 trucks and trailers to its fleet of 1,090 trucks and 1,1,70 trailers operating across 11 hubs, reducing its average age2.5 years.Mr Eliseev said Russian road freight represented an “outstanding opportunity” for growth as businesses expand across Russia.center_img Russian haulage operator Globaltruck has gone public, listing itself on the Moscow Exchange seeking funds for fleet expansion.Trading in Globaltruck Management went live today, with an initial public offering of 26.5m shares valued by the company at Rb3.5bn ($60m).In a statement, the company said it would raise approximately Rb2.57bn in net proceeds from the IPO, which would use to support growth through capital investment and make targeted acquisitions.Co-founder and chief executive Alexander Eliseev said he was “delighted” by the IPO, which he said was receiving strong interest from a wide range of investors across all regions.last_img read more

Amidst the chaos, Dixon’s calm produces the pole

first_imgHonda Session ID: 2020-09-19:f1e660672357e23e9be61ab1 Player ID: videojs-brightcove-player-5436-4241689545001 OK Close Modal DialogCaption Settings DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsDefaultsDoneClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Scott Dixon wasn’t watching. Not from the track, not from his transport, not at all.Dixon was the fourth driver up to qualify for the Indianapolis 500 on Sunday — where there would be no fast nine — and he already knew he had the speed. At a four-lap average of 226.760 mph, Dixon was good enough to stay in first place, but it was too early to tell if he would.With chaos flooding Indianapolis Motor Speedway, and at least two more hours of qualifying, he attempted to calm down. Dixon went to his transport and turned another race on his television.He was done worrying about Sunday. And he wouldn’t need to.Dixon won the pole for the Indy 500 for the second time in his career. Will Power and Simon Pagenaud completed the top row. It bodes well for Dixon; when he won the pole in 2008, he took first in the race as well.This, however, was nothing like 2008.Doyel: Chaos causes IndyCar to dumb down Pole DayEd Carpenter’s devastating morning crash — the third in five days — became the catalyst for IndyCar’s latest mandate on the only day of qualifying for the 500. Cars would have to qualify in the same aero setup drivers will use on race day, the horsepower boost levels were returned to race conditions, there would be no fast nine and no points would be awarded. Engineers and mechanics went sprinting back to their garages. The latest strange sight on a bizarre morning.Play VideoPlayMuteCurrent Time 0:00/Duration Time 0:00Loaded: 0%0:00Progress: 0%0:00 Progress: 0%Stream TypeLIVERemaining Time -0:00 Playback Rate1ChaptersChaptersdescriptions off, selectedDescriptionssubtitles off, selectedSubtitlescaptions settings, opens captions settings dialogcaptions off, selectedCaptionsAudio TrackFullscreenThis is a modal window. The Video Cloud video was not found. Error Code: VIDEO_CLOUD_ERR_VIDEO_NOT_FOUND Session ID: 2020-09-19:68c60fdbbde39699265ee761 Player ID: videojs-brightcove-player-657943-4241689603001 OK Close Modal DialogCaption Settings DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsDefaultsDoneClose Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.It was a lot to process in a short amount of time. Especially for Dixon, who exceed 233 mph Sunday morning before Carpenter’s crash. He knew what every driver knew: Qualifying laps would be much slower.So when Dixon looked down at his speedometer after his first qualifying lap and saw 227.041 he thought it was broken.“But broken in a good way.” Dixon said smiling. Marco Andretti Chevrolet James Jakes 2:41.3600 (223.104) Honda Honda Pos. (Car) Chevrolet *James Davison is scheduled to replace Vautier in the Indy 500. 2:40.9140 (223.722) 2:39.9703 (225.042) 2:41:0051 (223.595) Honda Helio Castroneves Honda 2:39.6439 (225.502) Will Power 2:42.1617 (222.001) 10. (6) 7. (11) 3. (22) 2:39.9297 (225.099) Chevrolet He could laugh about it now. There wasn’t time for emotions before. From the moment IndyCar announced the changes to Dixon’s run, there were just about four hours to figure out how to turn his fastest car into his most efficient one.His team needed to learn when the right time was to hit full power, when to cool the engine, and what the right time would be to shift gears.And they only had a half hour to practice.“There was no reason to moan about it,” Dixon said. “We just put our heads down and tried to find the best configuration to go out there and have a decent run.”Cavin: IndyCar has tough questions, no answersCarlos Huertas had even less time and it showed. Huertas actually got his run in on Saturday but everything was washed out when rain forced IndyCar to cancel the event. On Sunday he averaged 224.233 mph.Reigning Indy 500 champion Ryan Hunter-Reay wasn’t much better in his Honda, finishing at 224.573 mph. Ed Carpenter, winner of the pole in 2014 and 2013, only qualified slightly faster at 224.883.Then came Dixon.“I think the pressure came more before we even ran,” Dixon said. “For all of that to come down to one run you need to be perfect,”Perfect he was. No other driver ran a lap faster than 227 mph. Not that Dixon was watching.What you should know about the Indy 500 starting lineupHe was back in his team transport, watching another race with his wife and two daughters. When it was time to walk out and see his No. 1 spot finalized they went with him.It was the first time Dixon smiled all day.Follow Star reporter Blake Schuster on Twitter: @Schustee.Download the IndyStar Mobile Apps Chevrolet 2:41.0602 (223.519) Charlie Kimball Jack Hawksworth 2:40:1828 (224.743) Simon Pagenaud 2:41.4958 (222.916) Honda 2:39.8022 (225.279) Bryan Clauson 2. (1) Emma, Scott, and Poppy Dixon celebrate winning Scott Dixon's winning the pole for the Indianapolis 500 on Sunday May17th, 2015.Emma, Scott, and Poppy Dixon celebrate winning Scott Dixon’s winning the pole for the Indianapolis 500 on Sunday May17th, 2015.Play VideoPlayMuteCurrent Time 0:00/Duration Time 0:00Loaded: 0%0:00Progress: 0%0:00 Progress: 0%Stream TypeLIVERemaining Time -0:00 Playback Rate1ChaptersChaptersdescriptions off, selectedDescriptionssubtitles off, selectedSubtitlescaptions settings, opens captions settings dialogcaptions off, selectedCaptionsAudio TrackFullscreenThis is a modal window. The Video Cloud video was not found. Error Code: VIDEO_CLOUD_ERR_VIDEO_NOT_FOUND Conor Daly 9. (21) Sage Karam Driver 8. (27) 33. (88) Chevrolet Chevrolet Chevrolet 2:41.2718 (223.226) Honda 14. (83) 4. (10) 18. (18) 5. (3) 2:40.3041 (224.573) Honda Josef Newgarden 2:39.0458 (226.350) 17. (15) 2:40.1585 (224.777) 2:39.6428 (225.503) Chevrolet Honda 2:39.8626 (225.193) Honda Make 32. (4) 16. (28) Honda Gabby Chaves J.R. Hildebrand Chevrolet Honda Graham Rahal 2:40.8651 (223.790) 2:40.5064 (224.290) 20. (7) Carlos Huertas Honda 2:40.5473 (224.233) Scott Dixon Simona De Silvestro 13. (32) 2:40.8304 (223.838) 29. (98) Honda 25. (43) 19. (29) Ryan Hunter-Reay Chevrolet Oriol Servia 2:40.8690 (223.747) 22. (48) Chevrolet Chevrolet 2:39.1900 (226.145) 23. (8) Stefano Coletti Honda Alex Tagliani 21. (19) Chevrolet 31. (41) 2:41.1119 (223.447) Pippa Mann Honda James Hinchcliffe 2:41.0865 (223.482) Time (Speed) Townsend Bell 26. (24) Justin Wilson 27. (14) Takuma Sato 2:40.2446 (224.657) Honda 6. (25) 11. (26) 2:41.5086 (222.898) 2:40.9022 (223.738) 2:42.6328 (221.358) Sebastian Saavedra Chevrolet 24. (5) Ed Carpenter Tristan Vautier* 2:39.8659 (225.189) 30. (17) Carlos Munoz Juan Pablo Montoya 2:39.8670 (225.187) 28. (63) Chevrolet Tony Kanaan Sebastien Bourdais 15. (2) 2:40.0830 (224.883) 12. (20) 1. (9) Chevrolet 2:38.7579 (226.760)last_img read more

Could you live on your retirement savings for 23 years?

first_imgFILE- In this July 3, 2017, file photo a man and woman walk under trees down a path at Alta Plaza Park in San Francisco. Looking at the income, living expenses and life spans of today’s retirees can help you make the right financial moves so your golden years aren’t tarnished by an unexpected shortfall. (AP Photo/Jeff Chiu, File)Precision isn’t always possible when it comes to retirement planning. That doesn’t mean you have to wing it and hope your savings don’t expire before you do.Looking at the income, living expenses and life spans of today’s retirees can help you make the right financial moves so your golden years aren’t tarnished by an unexpected shortfall.WHAT’S AN “AVERAGE” RETIREMENT COST?Government and Gallup data reveal a lot about what retirement is like for Americans today.It starts at age 61, even though many tell Gallup they planned to work longer. And based on some morbid math — the average remaining life expectancy of someone who’s made it to their early 60s (23.3 years), according to the Centers for Disease Control and Prevention — you should plan to be retired for at least a few decades.Your mileage may vary based on things such as your work (accountant versus rodeo clown, for example), diet, family health history and participation in extreme sports leagues.The average budget for a retiree, according to Bureau of Labor Statistics data, provides even more color on what to expect when you’re expecting to retire. Older households, defined as ones headed by someone 65 or older, spend $46,000 annually, versus the $57,000 average spent by all U.S. households combined. The top three monthly expenses for those 65 and older are housing ($1,322), health care ($500) and food ($484).On average, about half of a retired household’s income comes from Social Security and private and government pensions, according to the BLS, with personal savings and investment and rental income providing 6.9 percent.FIND OUT HOW LONG YOUR MONEY WILL LASTAn online retirement calculator can project a more accurate picture of your retirement readiness. It will use your current saving, spending and investment profile and some rules of thumb about historical investment returns, reasonable withdrawal rates and, yes, life expectancy. (Most calculators assume people will live into their 90s.)What if the calculator shows that at the rate you’re going, you’ll outlive your retirement savings? If you’re not yet retired, one of the best moves is postponing your retirement party. This strategy is especially valuable for those in their peak earning years.Besides reducing the number of years you’ll need to live off your savings, working longer allows more time for your investments to grow. Plus, the additional time contributing to Social Security could mean a bigger benefits paycheck down the road. Every year you postpone filing for Social Security after your full-benefit retirement age (66 or 67 for most people), your future monthly benefits check grows by as much as 8 percent per year until you turn 70.HOW TO PAD YOUR PAYCHECK IN RETIREMENTIf you’re already retired and un-retiring or waiting to file for Social Security aren’t feasible, there are other ways to make up for the shortfall between retirement income and expenses.— Leverage your home. If you have substantial equity in your home, a reverse mortgage can turn this asset into income. You’ll receive a regular check as long as you’re living in the house. When you exit the premises to move elsewhere or on to the great beyond, the checks stop and your estate must repay the loan.— Shop for an immediate annuity. Although annuities are complex instruments — they’re essentially investments baked into an insurance policy — paying a lump sum upfront to get a guaranteed monthly payment for life may provide the income stability you need.— Withdraw less money during down years. A common rule of thumb among financial pros is the 4 percent rule, which is based on research in all market conditions that shows a retiree can withdraw that amount annually from a portfolio invested half in stocks and half in bonds without depleting their financial reserves before they die. If you can be flexible and withdraw less, for example, when market returns are lower than expected or you’ve got reserves from previous years’ withdrawals, you can make your money last longer.— Seek assistance. There are government, nonprofit and for-profit programs that provide benefits to struggling seniors. The National Council on Aging (NCOA.org) helps the 60-plus set navigate things such as Supplemental Security Income, Medicaid, debt management programs and subsidized housing.This article was provided to The Associated Press by the personal finance website NerdWallet. Dayana Yochim is a writer at NerdWallet. Email: [email protected] Twitter: @dayanayochim.RELATED LINKS:NerdWallet: Retirement calculator: How much will you need to retire?https://nerd.me/retirement-calculatorlast_img read more

Daquioag lights up anew as Meralco downs TNT

first_imgChinese-manned vessel unsettles Bohol town We are young Where did they go? Millions left Wuhan before quarantine PH among economies most vulnerable to virus As fate of VFA hangs, PH and US forces take to the skies for exercise Senators to proceed with review of VFA Smart hosts first 5G-powered esports exhibition match in PH MOST READ Read Next Smart’s Siklab Saya: A multi-city approach to esports EDITORS’ PICKcenter_img PBA IMAGESEd Daquioag went off anew and towed Meralco to a 98-87 victory over TNT Friday in the 2017 PBA Philippine Cup at Smart Araneta Coliseum.The rookie once again posted 23 points, 18 coming in the second half, to go with four assists to pull the Bolts to their second win in three games.ADVERTISEMENT TNT kept itself within striking distance going to the final five minutes, with Jayson Castro pulling the KaTropa within five, 87-82, with 3:43 to play.Hodge and Daquioag, however, would end that rally with a 6-0 blitz to put the game away.Castro scattered 23 points, seven assists, and three rebounds for TNT (2-2), while Kelly Williams got 19 markers and eight boards.The Scores:MERALCO 98 – Daquioag 23, Al-Hussaini 14, Hugnatan 11, Newsome 11, Nabong 10, Amer 9, Hodge 9, Caram 6, Yeo 4, Grey 1, Faundo 0, Chua 0.TNT 87 – Castro 23, Williams 19, De Ocampo 9, Pogoy 9, Reyes 9, Tautuaa 6, Ganuelas-Rosser 5, Rosario 4, Fonacier 3, Carey 0, Rosales 0.Quarters: 26-23, 45-45, 75-69, 98-87.ADVERTISEMENT “He’s a rookie, but he doesn’t play like a rookie. He’s a good kid,” remarked coach Norman Black.Cliff Hodge also poured all of his nine markers in the payoff period to stave off the KaTropa’s endgame rally. He also had eight boards and five assists in the game.FEATURED STORIESSPORTSGinebra teammates show love for SlaughterSPORTSWe are youngSPORTSFreddie Roach: Manny Pacquiao is my Muhammad Ali“I’d just like to applaud my players for their defense today. I thought it was extraordinary and exceptional with the way we played defense,” said Black.Rabeh Al-Hussaini also added 14 points and two rebounds, while Reynel Hugnatan and Chris Newsome got 11 markers apiece. Belo admits getting starstruck with Yap defending him Ginebra teammates show love for Slaughter Shanghai officials reveal novel coronavirus transmission modes Taiwan minister boards cruise ship turned away by Japan PLAY LIST 01:31Taiwan minister boards cruise ship turned away by Japan01:33WHO: ‘Global stocks of masks and respirators are now insufficient’01:01WHO: now 31,211 virus cases in China 102:02Vitamin C prevents but doesn’t cure diseases like coronavirus—medic03:07’HINDI PANG-SPORTS LANG!’03:03SILIP SA INTEL FUND Don’t miss out on the latest news and information. View commentslast_img read more

Hello, World Cup: A record field set for FIBA’s main event

first_imgChinese team member and former NBA player Yi Jianlian, right, speaks as coach Li Nan listens at a press conference at the Cadillac Arena ahead of the start of the FIBA Basketball World Cup in Beijing, Friday, Aug. 30, 2019. The competition, which features 32 teams from around the globe, will be held in 8 cities across China starting on Saturday. (AP Photo/Mark Schiefelbein)SHANGHAI — The biggest basketball World Cup is about to begin.Many of the world’s top players — and a couple of the world’s top national teams — are not in China for the FIBA World Cup, a 32-team extravaganza that begins Saturday. At stake over the next 16 days: The world championship, along with seven of the 11 remaining available berths in next summer’s Tokyo Olympics.ADVERTISEMENT Heart Evangelista, Kim Chiu, more celebs appeal for animal rescue after Taal eruption LOOK: Taal Volcano island 2 days after eruption LOOK: Kryz Uy, Slater Young expecting first son Robredo to visit Batangas families displaced by Taal erruption Don’t miss out on the latest news and information. MOST READ View comments Teen dead, another hurt in vehicular collision in Santiago City ‘People evacuated on their own’ Most of the top Americans aren’t in the World Cup, a few because of injuries, other candidates cited schedule concerns. Of the 35 leading scorers from this past NBA season who would have been eligible to play for the U.S. team, only two — Kemba Walker of the Boston Celtics and Donovan Mitchell of the Utah Jazz — are wearing the red, white and blue in China.“I’m more concerned with who is here than who isn’t,” U.S. coach Gregg Popovich said.For the international teams, though, there’s minimal concern about big-name absences. Greece is led by NBA MVP Giannis Antetokounmpo of the Milwaukee Bucks, Serbia is led by All-NBA center Nikola Jokic of the Denver Nuggets and France features third-team All-NBA center Rudy Gobert.And the host Chinese are hoping to make a splash as well.“It’s a rare opportunity for all of us,” former NBA player Yi Jianlian, now the Chinese captain, said in Beijing earlier this week. “You can feel the special duty when you see the national flag on your chest.”Some other things to know as the World Cup begins:FORMATTeams were drawn into eight groups of four for the opening round, with the two top teams from each group making the round of 16 and the others going into classification games to determine 17th through 32nd place. Games are four 10-minute quarters, so regulation is eight minutes shorter than an NBA game. The 3-point line is a bit closer than in the NBA, especially from the top of the arc — that’s 22 feet, 2 inches in FIBA play, or 19 inches closer than the NBA stripe. The top two teams from the Americas, top two from Europe and top regional finisher form Asia, Africa and Oceania will clinch spots to join Japan in the 2020 Olympics; the last four spots in the 12-team field for the Tokyo Games will come down to qualifying next July.BEST GROUPThe so-called “group of death” would be Group H, with Australia (which just beat the U.S. in a friendly to snap a 78-game winning streak by the Americans), Lithuania and Canada. All three of those teams are likely good enough to advance, yet only two will get to the round of 16 with a shot at the quarterfinals. Senegal rounds out that group.center_img The first eight games of the tournament are Saturday, and things will move quite rapidly. The eight-game-a-day pace continues through Sept. 9, with quarterfinal games on Sept. 10 and 11, semifinals on Sept. 13 with the event capped by the gold- and bronze-medal games in Beijing on Sept. 15.All told, 92 games will be played in eight cities. U.S. RECORDThe Americans have won 19 consecutive World Cup (formerly known as the world championship) games, and are 14-0 in games in China when using a roster composed of NBA players (8-0 in the 2008 Olympics and 6-0 in other games there in 2006 and 2008). Mason Plumlee is the only player on this year’s U.S. World Cup team that was on the gold-medal-winning roster at this event in 2014.REFRESHER COURSESeven of the eight quarterfinalists from the 2014 World Cup are in this year’s field. The U.S. beat Lithuania and Serbia beat France in the semifinals, and the Americans rolled to a 129-92 win in the gold-medal game behind 26 points from Kyrie Irving. France rallied in the fourth quarter to beat Lithuania for bronze 95-93.GLOBAL GAMEFIBA, basketball’s global organizing body, says the tournament will be televised in at least 176 countries and territories.Sports Related Videospowered by AdSparcRead Next “We have nothing to lose,” said Japan guard Yuta Watanabe, whose team will face the U.S. in the group stage.FIBA changed much about the tournament for this edition. The event was moved back a year; the last World Cup was in 2014, and it was bumped to 2019 this time around to avoid going against the FIFA World Cup for men’s soccer in the same years. The field was expanded from 24 to 32 and qualifying rules were vastly altered largely to keep NBA and other pro-league players from helping their countries reach the event.For some nations, that became a huge problem.European champion Slovenia, the world’s seventh-ranked team, is not in the World Cup. Same goes for world No. 9-ranked Croatia, which lost eight of its 12 qualifying games. Yet for other nations, the changes sparked opportunity — Nigeria, Venezuela, Italy and Japan all qualified for the first time since 2006, and Poland made the field for the first time since 1967.“The World Cup is an unbelievable competition,” said Canada coach Nick Nurse, who doubles as coach of the NBA champion Toronto Raptors. “Great teams and coaches and scouting and work and preparation that will make anyone better for going through that. So I’m extremely honored and excited and humbled to be here.”ADVERTISEMENT No need to wear face masks in Metro Manila, says scientist And several teams figure they can be the one to thwart the United States’ bid for an unprecedented third straight crown.“We’re here to go for gold,” said Sasha Djordjevic, the coach of Serbia — a team that some consider the tournament’s gold-medal favorite. “Every game that we play will be the biggest game for us.”FEATURED STORIESSPORTSAndray Blatche has high praise for teammate Kai SottoSPORTSBig differenceSPORTSGinebra looks set for another title Residents rescue horses, farm animals left on volcano island SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold PLAY LIST 06:27SEA Games 2019: No surprises as Gilas Pilipinas cruises to basketball gold00:50Trending Articles05:02SEA Games 2019: Philippines clinches historic gold in women’s basketball02:15Sinas: 2,500 NCRPO cops poised to support Taal eruption relief ops01:52Phivolcs: Cloud seeding in ashfall affected areas needs study01:04Daybreak as smoke, ash billows from Taal volcano01:05Poor visibility, nakaapekto sa maraming lugar sa Batangas03:028,000 pulis sa Region 4-A, tuloy ang trabaho03:57Phivolcs, nahihirapan sa komunikasyon sa Taal LATEST STORIES Mission improbable starts for National 5last_img read more

Cape Town opens ‘transformative’ skate park

first_img4 August 2014Cape Town’s first skate park in the city centre – designed, funded and constructed by the city’s Spatial Planning and Urban Design Department – has transformed an under-used and redundant city space into an community-led skate park.The Gardens Skate Park, under the Jutland Avenue bridge, was officially opened this weekend. The park will be managed by the City of Cape Town’s Sport, Recreation and Amenities Department.The park was the winner of an international design competition, held by Building Trust International last year, which called on professional and student architects to submit proposals that would turn “a neglected, forgotten part of your city into a playscape”.‘Massive win’“The project started as an initiative to transform a vacant public space into something that would benefit the community and also solve some of the issues that the site faced, like vandalism, littering and various other anti-social behaviour,” Garreth Bloor, Cape Town’s mayoral committee member for economic, environmental and spatial planning, told Design Indaba in November last year.Marco Morgan of the National Skate Collective, an advocacy group agrees: “It is a massive win,” he told the Weekend Argus on Saturday. “You can already see it breaking down the barriers of race, sex and age.”Skating is forbidden on Cape Town’s streets. However, Cape Town Mayco member Bruce Herron was quoted in the Weekend Argus as saying that the city was considering a new by-law that could allow skating on certain streets.The park is located under the Jutland Avenue/Mill Street bridge in Gardens and caters for both beginner and professional skaters, rollerbladers and BMXers. It is open from 8am to 9pm seven days a week and has floodlights as well as areas for spectators. At a busy intersection, it is fenced and access is controlled during operating hours. Street artist Dal East was commissioned to paint walls outside the park.Pipe jamThe Gardens skate park covers an area of 480 square metres. Designer Clive Crofton told the Design Indaba that the park had been designed in the plaza style with stairs and handrails and marble ledges – “the best surface to grind on when you’re down the ledge”.It features skate park elements, such as quarter pipes, banks, rails and a pipe jam, which is a pipe stuck in the ground – the only skate park in South Africa to feature that element.“The location proved suitable for an activity such as skateboarding and we hope that this project will set the precedent for the use of many of the vacant spaces below the city’s bridges and off-ramps,” said Johan van der Merwe, Cape Town’s MEC for Economic, Environmental and Spatial Planning.He said the skate park illustrated how innovative thinking and design-centred development could transform vacant and sometimes problematic spaces for the benefit of a wider community.SAinfo reporterlast_img read more

Pint-sized Zuriel Oduwole sets her cap for success

first_imgFrom making documentaries about Africa to touring the world and interviewing global leaders, encouraging education for girls and starting on writing a book, Zuriel Oduwole has done a lot. But here’s the catch – she is only 12 years old. Zuriel Oduwole is a young documentary filmmaker who wants to change negative perceptions of Africa. (Image: Facebook) • Kumoodi: from Lagos to the world • Watch: Salif Keita and Black Mambazo call for harmony in Africa • Powerful women shape Africa • African entrepreneur sold his belongings to start Kisua • All about the African Union Priya Pitamber Most 12-year-olds are occupied with going to school and chilling with their friends; but Zuriel Oduwole stands out from this crowd. Her documentary filmmaking skills have led her to interview 14 heads of state and she has visited various countries where her documentaries have been screened.Zuriel’s father is Nigerian, and her mother is Mauritian, but she was born in California.Her passion lies with Africa, however, and the perception the rest of the world has of the continent.“I wanted to do it [film and documentaries] because there is power in media and also I wanted to show positive things of the African continent to the rest of the world because usually whenever they talk about Africa, they portray it as a continent of negative things,” she explains.“But because I lived in Africa for a period of time, I see a lot of positive things.” She introduces herself as a proud pan-African child, in the ninth grade at school. “I am working hard to do my school projects, play in my basketball league, and still do what I enjoy a lot – like my extracurricular activities of interviewing world leaders, making compelling documentaries, and inspiring girls around the world to dream bigger, much bigger.”A serendipitous startHer passion for making films was ignited in 2012 when she entered a documentary-making competition with The Ghana Revolution. “After this first foray into filmmaking, Zuriel was bitten by the director’s bug and quickly wanted to make more movies,” stated US news site CNN. “She turned to the web to find the tools she needed and got involved in the entire filmmaking process.”Quite a bit of training was needed to learn how to make a video. “My mum taught me how to use different software first, like how to edit things, how to add animations, how to put in fades, transitions and all those things but I am glad I had the time to learn it,” Zuriel said.Her second project, Educating and Healing Africa Out of Poverty, it looked at the formation of the African Union in 1963. Another interest, education, was examined in Technology in Educational Development. Her latest series, A Promising Africa, profiles five African countries, beginning with her father’s homeland, Nigeria. Zuriel has visited several countries to attend screenings of her documentaries, including South Africa. Sawubona !! South Africa Movie Premier this week. Hello everyone. My most busy week in my entire life. Arrived South… Posted by Zuriel Oduwole on Saturday, 21 March 2015Left Paris to Tokyo. Got spolit a lot. Showing my film here next week/ Educate A Girl 2 see what she can do. Thankful pic.twitter.com/JUwCReEsBc — Zuriel Oduwole (@ZurielOduwole) March 28, 2015“I’ve interviewed 14 heads of state and a few of those include the presidents of Tanzania, Liberia, Kenya, South Sudan, Nigeria and Cape Verde, to name a few,” she told CNN. “I’ve also been able to interview business leaders like my friend Mr Aliko Dangote.”The list of people interviewed by the 12-year-old is impressive: • Jerry John Rawlings (Ghana) • John Kufour (Ghana) • Joyce Banda (Malawi) • Jakaya Kikwete (Tanzania) • Rajkeswur Purryag (Mauritius) • Uhuru Kenyatta (Kenya) • Goodluck Johnathan (Nigeria) • Salva Kirr Mayardit (South Sudan) • Ellen Johnson Sirleaf (Liberia) • Jorge Fonseco (Cape Verde) • Portia Simpson Miller (Jamaica) • Thomas Thabane (Lesotho) • Ralph Gonsalves (St Vincent & Grenadines) • Denzil Douglas (St Kitts & Nevis) Education and empowermentThe importance of education is Zuriel’s other passion. She visits schools and gives talks on its value through her Dream Up, Speak Up, Stand Up programme. So far, she has reached 21 000 children in nine countries.“The reason I do it is because I want them to see that education is very important in life and I want to show them here is an example,” she said, pointing to herself, “and show them what they can do if they are educated, and if they are focused in life and have goals.”Not every girl was able to get an education or a chance to accomplish her dreams. “My vision is to see that this changes one day, and my mission is to use my Dream Up, Speak Up, Stand Up programme and other new ideas to inspire girls to accomplish this mission.”Speaking to CNN, she pointed out that in Africa, boys were the first to receive an education. “The boys go to school and get an education while the girls stay at home,” she explained, “And those girls aren’t educated and have fewer options in life when they get older.”In Accra Ghana 2day with kids at De Young school – Nima. We hung out, talked education and documentary. They are cool pic.twitter.com/u7TKKxQt6T — Zuriel Oduwole (@ZurielOduwole) March 26, 2015Varied interestsBesides filmmaking, Zuriel has a variety of hobbies, such as playing sport and reading. She is part of a basketball league, she plays soccer and is on the athletics team, and she does hip-hop dancing with her sisters.Reading helps her to improve her vocabulary. “I love reading National Geographic Kids Magazines,” she writes on her website. “I also love adventure and spy novels. I have started to write my own book which I hope to publish next year.”Global recognitionZuriel was the youngest recipient of the Governors Gold Medal Award and was featured in the American business magazine, Forbes, when she was 10 years old. The Canadian edition of the women’s magazine, Elle, put her on its list of 33 Women Who Changed The World in 2014.She has also appeared in numerous television interviews, including with BBC TV in London, CNBC Africa, and the SABC in Johannesburg.Premiered my film A Promising Africa in Johannesburg, Attended SAFTA, guest on CNBC, SABC Morning LIVE #LetGirlsLearn pic.twitter.com/O68D9ThEM3 — Zuriel Oduwole (@ZurielOduwole) March 21, 2015last_img read more

Emirates slams US airlines

first_imgThe long running battle between US and Middle East airlines over subsidies is set to heat up again with Emirates releasing a report that details its significant contribution to the American economy.The report, commissioned by Emirates and conducted by US-based Campbell-Hill Aviation Group, found that in 2015, the airline supported more than 104,000 American jobs and contributed US$21.3 billion in revenue to the US economy.READ: US airlines posting massive profitsOver the past few years, US legacy airlines have striven to blunt the impact of Emirates, Etihad Airways and Qatar Airways on their business and those efforts have recently found a sympathetic ear in President Donald Trump.In fact, many have suggested the recent laptop ban, which targeted the UAE and Qatar among others countries, was more about disrupting their airline’s traffic to the US.U.S. mega-carriers United, American and Delta contend the trio of Middle East airlines is violating international trade rules and that the three have received some US$42 billion in subsidies and benefits from their governments since 2004.However, in 2015 Etihad Airways counterclaimed that since 2000 US airlines received US$70 billion in benefits as a result of bankruptcy laws, largely for debt relief and reduced pension obligations after 911.Every major US airline, with the exception of Southwest, has been in Chapter 11 bankruptcy protection since 2001 and pilots, for example, have lost 40 percent of their income as airline sought to strip out costs.Ironically, the unrestricted access Middle East airlines have to US cities is through Open Skies agreements, which were first pushed by US airlines in 1979 to gain greater access to foreign markets.The deals were struck when US airlines were at their zenith and just before domestic deregulation ravaged the airline industry in America. Since deregulation was introduced in 1979,  US airline profits crashed and only in the past four years recovered to acceptable and now record levels.Over the same period, the fleet age of US has more than doubled, service standards are arguably the worst in the western world and the airline’s seating offerings lag most airlines.And rather than being the pioneers of new aircraft designs, as they were up to 1990, US airlines are now amongst the last adopters.Boeing’s revolutionary 787 was launched by All Nippon Airways of Japan and Air New Zealand while the new 777X was kicked off by Lufthansa, Emirates, Etihad and Qatar.In fact, Emirates is the largest operator of the Boeing 777 and the largest customer for the latest models the 777X.Sir Tim Clark, The president of Emirates, has argued that “Emirates has always embraced the goals of Open Skies which are to promote increased travel and trade, enhance productivity, and stimulate high-quality job opportunities and economic growth.”He adds: “Delta Air Lines, American Airlines, United Airlines and their proxies continually pour money into lobby and make unfounded accusations against Emirates, but they have never filed a formal U.S. Department of Transportation complaint against Emirates, even though this is the statutory process long relied on by U.S. airlines to address allegations of unfair competition.”In fact, says Sir Tim, Emirates has been profitable for 29 years straight, and “unlike our accusers, we have never depended on government bail-outs or protection from competition.”And rather than being oil rich,  Dubai has no oil reserves to speak of and therefore embarked on a strategy to diversify its economy into tourism and trade with air transport as a key enabler.last_img read more

Fire damages central Columbia duplex

first_imgA fire does some damage to a central Columbia duplex.It happened at about 7 a.m. Wednesday on Hardin Street near West Boulevard and I-70.No one was home when the fire started. No word yet on what caused it.last_img

Theo: ‘My European Milan dream’

first_img Watch Serie A live in the UK on Premier Sports for just £11.99 per month including live LaLiga, Eredivisie, Scottish Cup Football and more. Visit: https://subscribe.premiersports.tv/ Theo Hernandez explains why he took a pay cut, believes he can achieve his dream of “winning the Champions League at Milan” and has more “freedom” under Stefano Pioli. The former Real Madrid full-back joined this summer after face-to-face talks with club legend and current director Paolo Maldini. “I did some silly things in Madrid, but I have matured as a person since then,” he told La Gazzetta dello Sport. “It was an honour for me to be chosen by Maldini, a man who wrote history not just with Milan, but of football in general. He was very convincing and I didn’t need long to accept the offer. “I even talked to my agent about taking a pay cut for Milan and we immediately agreed. Milan is a club with great history, one of the sides with the most trophies in the world. It was worth making a sacrifice for that. “I’m still only 22 and have a lot to learn. Milan is a fundamental step in my career and I want to stay here for many years, to write my place in the history books. “My dream is to win the Champions League with Milan, but first we need to qualify. I don’t know how long it’ll take to get back to the top, but I believe we’re on the right track and can finish in the top four this season.” It was a rough start, as coach Marco Giampaolo was sacked just seven games into his tenure, while Pioli made his debut with a 2-2 draw against Lecce. “Giampaolo said I was tactically undisciplined, but I did come to Italy with the idea of improving that aspect of my game. It’s true that I like to attack and push forward, but I do know that I have to do more defensively,” noted Theo. “We have more freedom under Pioli and I really like his new tactical system. The important thing is that I help the team and I know that in the end I am a defender and must work more covering the spaces. Pioli gives us some freedom, but not too much, as in Italy it’s important to have a clearly-defined tactical organisation. “We’re learning a great deal with Pioli, he knows what he’s talking about and we will slowly climb back up the table.” Theo Hernandez never quite delivered on his promise at Real Madrid and freely admits he could’ve done better off the field as well as on. “I did a few silly things, but I am still young. I consider myself a calm and fun person to be around, I like nothing more than staying home with my family and my dogs. “I do need to be careful that I don’t put on weight, because being in Italy I do love pasta, pizza and risotto…”last_img read more