Woods and Mickelson charity match proves a ratings hit

first_imgThe coronavirus relief golf match featuring Tiger Woods, Phil Mickelson and Super Bowl-winning quarterbacks Tom Brady and Peyton Manning was a TV ratings hit, WarnerMedia’s Turner Sports said on Monday.Turner Sports said sports-starved fans turned up in droves as Sunday’s telecast of the sanctioned PGA Tour event on the nation’s Memorial Day holiday weekend attracted an average of 5.8 million viewers across four of its networks.According to Turner Sports, the charity match, which raised more than $20 million for COVID-19 relief, was the most-watched golf telecast in the history of cable television. In the match, 15-times major champion Woods and twice Super Bowl champion Manning held off a late challenge to beat five-times major winner Mickelson and six-times Super Bowl winner Brady one up at Medalist Golf Club in Hobe Sound, Florida.The golfers played fourballs on the front nine and a modified alternate shot format on the back nine, where each competitor teed off and then the team played alternate shot from the selected drive.The PGA Tour, which shut down its season in mid-March because of COVID-19, is scheduled to resume action with the June 11-14 Charles Schwab Challenge in Fort Worth, Texas, without fans present.  Topics :last_img read more

​AkademikerPension suspends Macquarie again amid new concerns

first_imgBut in June 2019, AkademikerPension then lifted those investment restrictions, declaring itself satisfied the bank disapproved of its own prior behaviour, had not been involved in similar cases since then and had revised its tax policy to prohibit speculation on dividend tax payments.According to the new report by DR, a department at the bank worked in 2011 and 2012 to deliberately design a model to make it possible to reclaim tax several times from the same Danish share dividends.Macquarie staff are currently being investigated in Germany in connection with historical cases of refunds of dividend withholding tax.Jens Munch Holst, chief executive officer of AkademikerPension, said: “The information provided by Børsen and DR indicates that Macquarie in 2012 was looking for a model to be able to cheat with dividend tax against the Danish state.“This is new information for us, and if the information is correct, we will of course take a firm distance,” he said. Jens Munch Holst, AkademikerPensionFor now, Munch Holst said the pension fund was asking Macquarie’s management for an explanation, and quarantining the stock until it received this.AkademikerPension said it currently had DKK52m invested in Macquarie equities, as well as more than DKK800m in infrastructure investments managed by the bank.Anders Schelde, the pension fund’s CIO, told IPE the quarantine meant it could not enter into new unlisted infrastructure investments with Macquarie, but that it would keep existing unlisted investments and let them run off.“Even if we had excluded Macquarie we would have kept the unlisted investments until run off, as it is too costly to sell them in the secondary market,” he said.Meanwhile, ATP, Denmark’s largest pension fund, told IPE its policy regarding Macquarie had not changed since 2018 when allegations against the bank relating to the Cum-Ex scandal had been highlighted in Denmark.“It remains our policy not to make any new investments in Macquarie or enter into business cooperation with them,” said a spokesman for the fund.However, the pension fund is still involved with Macquarie as a business partner within the TDC investment.The ATP spokesman said revelations in the latest investigative reports did not change anything for ATP.“But it does show that it was right to stop further engagements with the bank,” he added.He said ATP had decided at the end of last year to put a stop to the critical dialogue it had been conducting with Macquarie over the issue, because the pension fund had been unable to get the answers it wanted.PFA told Børsen last week that the new information in its report was worrying and that it would include it in the critical dialogue it was already having with Macquarie about the bank’s involvement in dividend tax cases.“Macquarie is on our watch list and we will not enter into any new cooperation with them until we have been assured that they have provided all available information and that they are no longer in any way involved in cases of unjustified recovery of dividend tax,” the pension provider told the Danish paper.“It remains our policy not to make any new investments in Macquarie or enter into business cooperation with them”ATPAt PensionDanmark, CIO Claus Stampe told IPE the pension fund had a small investment in an infrastructure fund managed by Macquarie, which was now in the process of unwinding its holdings.“There are no plans to enter into new business arrangements with Macquarie,” he said.Labour-market pension fund Sampension said it had almost DKK6.5m invested in Macquarie shares, but was closely monitoring the company regarding its tax practices.“If we find that they are resuming any unwanted behaviour, the road to exclusion is very short,” the fund’s head of equities Philip Jagd told IPE. “So far, however, we are holding on to our position,” he said.Danica Pension told IPE it had sold all its investments in Macquarie.When asked for comment, Macquarie declined to respond to AkademikerPension’s quarantine decision, but provided IPE with the response it had previously given Børsen in relation to its news investigation.In that response, Macquarie said the memo cited by Børsen had been “consistent with market practice at the time, whereby many banks were seeking opinions on dividend trading strategies.”“Macquarie has previously stated that it only conducted these types of strategies on the basis of confirmatory legal advice. No such strategy was authorised by Macquarie in relation to Denmark,” the bank said.“Where we get things wrong or when rules or expectations change, we are always willing to resolve any problems and change our approach. Macquarie regrets our historical involvement and we have taken steps to ensure that this type of activity no longer happens,” the bank said in the response.Looking for IPE’s latest magazine? Read the digital edition here. New revelations about controversial dividend arbitrage practices at Macquarie have prompted another move by a Danish pension fund to distance itself from the Australian bank – while ATP said the latest reports vindicate its two-year-old policy of not investing in the bank.Akademiker Pension, which recently changed its name from MP Pension, announced it is putting Macquarie back into investment quarantine – a status which precludes new investments for six months – following recent disclosures by financial daily Børsen and national broadcaster DR about the bank’s role in a long-running international dividend tax scandal.The pension fund already quarantined the Australian bank in 2018 when the furore over its historical role in the Cum-Ex scandal originally gripped Denmark.Danes had been particularly outraged because Macquarie was a major shareholder in the former national telecoms company TDC through its investment partnership with Danish pension funds ATP, PFA and PKA.last_img read more

Billionaire flips fixer-upper penthouse at $500k loss to internet richlister

first_imgThe concrete bunker that Mr Koloadin has bought is ready for a transformation. The multi-floor plans for renovation were expected to be thrown in but it’s unclear whether the former head of Digital Pacific will follow through with them. Artist’s impression of the plans that billionaire Tony Fung had for the four-storey penthouse site in Soul Tower. Artist’s impression of the four-storey Soul penthouse in Surfers Paradise.ONE of the wealthiest men in Queensland has lost over half a million dollars on the sale of his barebones fixer-upper penthouse to a young internet richlister.Queensland-loving Hong Kong billionaire Tony Fung, who has owned property across the state for over 20 years, agreed to flip his sprawling Soul Tower penthouse in Surfers Paradise for about $1.45 million less than the price he’d originally listed it at. Mr Fung had bought the four-level penthouse off receivers for $7m in 2015 — the same year that he purchased failed Nathan Tinkler’s Patinack Farm operation off receivers for $20m. Mr Fung has spent millions in Queensland since 2015 and not everything has gone his way. Picture: Richard GoslingCoreLogic records confirm he sold the property for $6.5m to a company linked to Andrew Koloadin — the founder of web hosting firm Digital Pacific which was sold for about $52m last year.center_img The penthouse was a barebones shell with some of the best views in QLD.Mr Koloadin, a Sydney-based investor and finalist in last year’s EY entrepreneur of the year awards, had seen his firm grow to host over 150,000 websites for companies across the country before it was sold. INSIDE JAWDROPPING $15M QLD UNIT More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours ago IS THIS BRISBANE’S BEST RENO? Mr Fung and his son Justin at their Aquis Farm which was formerly Nathan Tinkler’s Patinack Farm. Picture: Lyndon Mechielsen/The AustralianMr Fung found that his family preferred spending time at the old Patinack Farm in the Gold Coast hinterland and their Sunshine Coast escape — which comes with its own 18-hole golf course and greenkeeper. FOLLOW SOPHIE FOSTER ON FACEBOOK This vision for the site is definitely a keeper, surely.At the time the penthouse was mostly just multiple floors of concrete bunkers, but the Aquis Group chairman’s plan was to turn it into a lavish six bedroom, six bathroom, eight car space base for his jetsetting family. He went so far as to draw up major plans for the 1,043 sqm apartment, the fit-out costs for which were estimated in the range of $3-5m, a source told The Courier-Mail. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 9:24Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -9:24 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD288p288pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning 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 CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenCoreLogic Brisbane Housing Market Update – August 201809:25last_img read more

Eidesvik nets LNG-fueled PSV contract extension

first_imgImage courtesy of Eidesvik OffshoreNorway’s Eidesvik Offshore has secured a new contract for its LNG-fueled platform supply vessel Viking Queen. The company said in its statement that the contract was awarded by the compatriot energy company Equinor.The new contract will commence in direct continuation of the existing contract expiring end February 2020, Eidesvik Offshore said in its statement.The firm period of the new contract is 8 months, with options for further extensions, the statement reads.Viking Queen built in 2008 by Westcon Yard in Ølensvåg, Norway has a length of 92,3 meters and is fueled by liquefied natural gas.last_img

Euthanasia – Where do the party’s stand?

first_imgStuff co.nz 6 June 2015Prime Minister John Key said assisted suicide was a conscience issue and would be best dealt with through a member’s bill. “In the past I have personally voted for euthanasia, as I do have some sympathy for that argument.” (Also “I would support euthanasia and it will be debated again soon”)Labour MP Iain Lees-Galloway said on Friday the End of Life Choice Society petition will be tabled at the first opportunity in Parliament and will go straight to a select committee.Leader Andrew Little said a member’s bill was not the right way to debate such an important issue.Green Party co-leader Metiria Turei said the party supported a select committee inquiry, which could make recommendations to Parliament. “It would be a better way to do it rather than rely on one individual party …it’s a much better message for us to send to the community, that Parliament is making a response.”ACT leader David Seymour has confirmed he is drafting a member’s bill calling for a debate on euthanasia and will urge the Government to adopt the bill.UnitedFuture leader Peter Dunne said it was time for a wider debate in the community about advanced care planning. “Any legislative change should flow from that.” But it needed to be broader than a debate solely about euthanasia. That included issues like palliative care and the right to exercise individual choice over treatmentMaori Party said it did not have a formal position on euthanasia but was open to a debate.Party co-leader Marama Fox said her personal view was that assisted suicide legislation wasn’t needed.NZ First leader Winston Peters supports a referendum on the matter and says it’s not for MPs to be making the decision. “My personal view is that I’m happy to live with the public view after a properly funded and reasonable debate to decide.”http://www.stuff.co.nz/national/politics/69148392/Euthanasia-debate-back-on-the-political-agenda  What did they tell us?VALUE YOUR VOTE 2014Metitia Turei (Greens) – voted FOR decriminalisation in 2003. UNDECIDED in 2014 (“The Green party does not have policy on euthanasia.”)David Cunliffe (Labour) – voted FOR decriminalisation in 2003. Refused to respond to surveyTe Ururoa Flavell (Maori) – wasn’t in Parliament in 2003. Refused to respond to surveyWinston Peters (NZ First) – voted FOR decriminalisation in 2003. UNDECIDED in 2014 (“This issue should be put to a referendum after at least three years of properly conducted public discussion.”)Peter Dunne (UnitedFuture) – voted AGAINST decriminalisation in 2003. OPPOSED in 2014 |John Key (National) – voted FOR decriminalisation in 2003. PARTIAL SUPPORT in 2014. (Euthanasia would be “a legitimate thing” to speed up death for a terminally ill patient who was in pain. But he would not vote for a bill proposed by Labour MP Maryan Street that would allow any adult suffering from a condition likely to cause their death within 12 months to request medical assistance to die – Source.)Jamie Whyte (ACT) – SUPPORT in 2014 (“I have no in-principle objection to people deciding to end their own lives and getting help in the process – provided adequate protections against coercion are in place.”)last_img read more

A surprising arrival on the SVOD scene

first_imgStopPress 11 September 2015Streaming content is a hot topic at the moment. Companies like Netflix, Lightbox, Neon and Quickflix are all fighting for share, the telcos are signing up content deals left, right and centre, YouTube is still growing rapidly (and Facebook isn’t far behind with its auto-play option), and traditional free-to-air, ad-funded broadcasters are upping their on-demand game to try and compete. But the latest arrival in this already crowded market has come from an unlikely source: Family First.The internet is a goldmine of glorious content. But, like all good goldmines, it’s full of dodginess. And it’s often hard to know what the kids are up to (Vodafone launched a campaign recently offering parents some digi-assistance). So, in an effort to provide families with content it deems appropriate, it has created its own streaming service through a tie-up with Good TV, a firm that works with a number of similar groups to filter out the badness.“The best titles, at simple rental rates, with great added tools which allow you to manage your family’s entertainment diet,” it says. “There’s also some fantastic content that’s completely free! Family First TV is like an online DVD store and it’s incredibly easy to use.”As well as movie rentals, it also lets users buy series. And it says the service has “market leading parental control technology so it’s really easy to keep the kids safe no matter their age and there’s plenty of great content for Mum & Dad too.”At this stage, it requires HDMI or VGA cords to play on TV, but it says it will be adding support for Chromecast in the near future. But given the difficulties already experienced by the likes of Ezyflix and Quickflix, it’s a tough market to enter.So put the kettle on, sit down with the kids and click on ‘My Mummy’s a Criminal’, a documentary about the anti-smacking legislation of 2007, which Family First opposed.http://stoppress.co.nz/news/surprising-arrival-svod-scenelast_img read more

The Most Important Question About Abortion

first_imgIs abortion right, or is it wrong? It’s the big question that’s lost in a societal debate that’s mostly focused on legality. But, really, whether it’s right or wrong is the most important question about abortion.last_img

Saha calls it a day

first_img The former France international, who enjoyed spells with Newcastle, Fulham, Manchester United, Everton, Spurs and Sunderland, took to his Twitter account to deliver the news. Saha said: “Want to thks all managers, all staffs, all teammates, all opponents, all fans, for all support and love towards me during my football career. Louis Saha has chosen the occasion of his 35th birthday to bring the curtain down on his professional football career. Press Associationcenter_img “I’m a proud man but without you all I won’t be myself now. Thx for the challenges thx for the help thx for the memories thx for the passion. “I will stop to be call a professionnel footballer and wish many young talent to enjoy as much as me my football. Love you and thx again.” After starting his career at Metz in 1997, Saha initially played on loan at Newcastle in the second half of the 1998-99 season, making 12 appearances. Fulham then signed Saha on a permanent basis in the summer of 2000, the Frenchman enjoying a prolific spell with 64 goals in 144 games. That sparked a £12.8million move to Manchester United in January 2004, with Saha weighing in with 42 goals 124 appearances. After four and a half years at Old Trafford, Saha then joined Everton where he scored 35 goals in 115 games, before moving on again to Spurs in January last year, followed by brief spells with Sunderland and Lazio at the end of last season. Saha also made 20 appearances for France, scoring four goals. last_img read more

Manchester United beat Sunderland 3-0

first_imgHENRIKH Mkhitaryan scored a memorable goal as Manchester United beat struggling Sunderland to record their fourth successive Premier League win.Manchester United were the dominant side – enjoying 63% of possession and having a total of 25 shots on goal – but only a first-half Daley Blind effort separated the teams until the final 10 minutes.The Dutchman was put through by a delightful Zlatan Ibrahimovic pass and fired low into the bottom-right corner for his first goal of the season, before United doubled their advantage with Paul Pogba setting up Ibrahimovic with eight minutes remaining.Substitute Mkhitaryan added gloss to the scoreline with a brilliant backheeled 12-yard volley, which manager Jose Mourinho described as “phenomenal”, though replays suggested the Armenian was offside.It is a victory which draws United level with fifth-placed Tottenham, although the north Londoners have a game in hand, against Southampton today.Fabio Borini scored a wonderful late consolation for Sunderland, but defeat – their third in four games – leaves the Black Cats two points adrift of safety.Both halves belonged to the hosts and the passing statistics emphasised their dominance, with Mourinho’s men making 606 passes compared to Sunderland’s 177.But the hosts were unable to shake off the visitors until the introduction of Mkhitaryan after the break added much-needed zip and verve.Pogba was the stand-out player on the pitch, bossing play from the middle of the field and driving his team forward, and while Ibrahimovic played a part in all three goals it was Mkhitaryan who gave his side an extra dimension in attack.The 27-year-old’s strike was a special one, with the former Borussia Dortmund player, at the Stretford End, acrobatically directing Ibrahimovic’s cross into net with the back of his heel.last_img read more

Ireland call for Middlesex bowler

first_imgMiddlesex bowler Tim Murtagh has flown to the United Arab Emirates after being called up to the Ireland squad for the remainder of their World t20 qualifying campaign.Murtagh has been brought in as cover for Alex Cusack, who faces a fitness test on an injured hamstring on Thursday.“I am really honoured to have been selected to join up with the Ireland squad,” he said.AdChoices广告“I’m excited at the prospect of playing my part in helping Ireland to qualify for the World t20 later this year in Sri Lanka.”Ireland won six of their seven preliminary group matches played over the last week, which saw them finish second in Group B behind group winners Namibia.They now have to win a further three play-off matches, starting against Canada on Thursday, to secure a place in the finals.Middlesex managing director of cricket Angus Fraser said: “We’re really delighted for Tim and are pleased that he has been rewarded with a call up to the Ireland side and now has the opportunity to play international cricket.”Follow West London Sport on TwitterFind us on Facebooklast_img read more