October 28, 2021

a month agoInter Milan coach Conte: Why I’m holding back Alexis

first_imgInter Milan coach Conte: Why I’m holding back Alexisby Paul Vegasa month agoSend to a friendShare the loveInter Milan manager Antonio Conte says Alexis Sanchez is not fit enough to make his first start for the club.The Chilean has made one brief substitute appearance since joining from Manchester United on loan this past summer.”For him it is worth the words I give for everyone else,” he said ahead of Wednesday’s home game against Lazio.”When I see ready players, they will be inserted [into the XI].”I have to work in the interest of Inter, not of individuals.” TagsLoan MarketAbout the authorPaul VegasShare the loveHave your saylast_img read more

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Readers Picks of the Week

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Panama Canal to Raise Maximum Draft for Neopanamax Locks

first_imgzoomImage Courtesy: Panama Canal Authority The Panama Canal is to increase the maximum allowable beam for vessels transiting the Neopanamax Locks.According to the Panama Canal Authority’s advisory, the maximum beam for commercial and non-commercial vessels acceptable for regular transits in the Neopanamax locks will be 51.25 meters (168.14 feet) from June 1, 2018.Based on levels of Gatun Lake, in late April the authority set the maximum authorized draft for vessels transiting the Neopanamax locks at 14.63m (48 feet) Tropical Fresh Water (TFW).Earlier in April the Panama Canal’s administrator Jorge Quijano was cited as saying that the canal is set to handle 30 million tonnes of liquefied natural gas (LNG) per year by 2020.The number would be a fivefold increase in yearly handling of LNG for the canal authority when compared to figures from 2017.last_img read more

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ATT suit may herald a new antitrust era – or Trumpian pique

first_imgNEW YORK, N.Y. – The Trump administration’s decision to oppose the $85 billion AT&T-Time Warner merger may be clouded by suspicions of political influence. But considered on its merits, it could mark a significant departure in antitrust policy, one that might block or modify a broader set of mergers found to harm consumers.The move disconcerted both Wall Street and the telecom and media industries, none of which expected it. Consumer groups are applauding, saying it’s a good step by the Justice Department to protect people from higher cable bills and ensure that web-based alternatives to TV aren’t stifled. (Many of the same groups, however, are also protesting the government’s plan, announced Tuesday, to roll back “net neutrality” rules intended to equalize access to the internet.)Matters, of course, are complicated by President Donald Trump’s long-running feud with CNN, a Time Warner company, which Trump regularly denigrates as “fake news” and “failing.” On Tuesday, Trump called the deal “not good for the country” and said he thought it would cause prices to go up. A White House spokeswoman said Monday she wasn’t aware of any efforts to influence the case.The Justice Department has suggested that AT&T could resolve the case by selling off DirecTV or a Time Warner business that includes CNN, according to a person familiar with the situation who couldn’t go on the record. AT&T has rejected any option that would cause it to lose control of CNN.LEGACY OF THE PASTIn 2011, Obama-era antitrust regulators waved through Comcast’s acquisition of NBC Universal — a deal that, like the current one, brought together a major provider of television and internet service and an entertainment conglomerate. (AT&T offers wireless, home internet and TV services; Time Warner owns the Warner Bros. studio and networks including HBO, CNN and TBS.)To prevent Comcast from abusing its greater leverage, regulators imposed a host of conditions on the company. For example, Comcast had to offer its TV and movies to online video competitors at the same rates as it did to cable and satellite rivals. But this approach isn’t universally acclaimed.For one thing, conditions are typically temporary; the ones for Comcast expire next year. They also don’t fundamentally change behavioural incentives for the company, and they require ongoing enforcement. Complaints in the past have dragged on for years. Among critics of such “behavioural commitments” is Makan Delrahim, now the Justice Department’s new antitrust chief.“The DOJ in this instance is learning from those past mistakes,” said Lina Khan, the legal policy director at the Open Markets Institute, a think-tank that opposes excessive corporate power.Delrahim has argued for requiring merged companies to divest certain businesses instead of imposing post-merger requirements on them. AT&T, however, doesn’t want to do that. Its plan is to marry popular Time Warner networks with its nationwide wireless and television services in order to build a data-driven ad business on top of it all.NEW THEORY OF COMPETITIONAT&T says TV bills won’t go up and consumers will benefit from innovations in packaging video. The Justice Department and some experts argue the opposite.For instance, MoffettNathanson analysts said in a note Tuesday that it was “in fact, very easy to imagine” how a company that both makes and distributes “must-have” news, sports and entertainment programming could use its power to thwart competitors by withholding it from rivals.The government argues that AT&T could, for example, charge upstart streaming services prohibitively expensive fees for the rights to HBO or other channels, or even withhold them, making it harder to compete with AT&T’s services. AT&T has said it intends to broaden, not limit, distribution of Time Warner.“The DOJ’s argument is simple: AT&T cannot lawfully be given this market power, because the incentives for them to abuse it are self-evident,” the analysts wrote. “It is simply not the case that this is a ‘novel’ legal theory.”Antitrust enforcement used to be more aggressive. But starting in the 1980s, it became more focused on promoting consumer welfare than on ensuring competitive markets, Khan said. That made “vertical mergers,” where the companies in question weren’t direct competitors, more attractive, since regulators believed they created efficiencies without harming consumers.For regulators to reject a vertical merger “represents a stark departure from the U.S. enforcement practice of the recent decades,” Columbia law professor Anu Bradford said in an email. The last time the U.S. government won a court victory in a vertical merger antitrust case was in 1972, when the Supreme Court said Ford’s takeover of a spark-plug business violated antitrust law.The suit against AT&T could be the start of a new, more aggressive tack in antitrust by the Justice Department. But that depends on whether other considerations played a role.“If it’s politically motivated because the president doesn’t like CNN, then it’s just a wild card,” said NYU law professor Eleanor Fox. “If this represents a change of heart, to be much more aggressive against mergers, it would be a game changer.”last_img read more

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Most actively traded companies on the TSX

first_imgSome of the most active companies traded Friday on the Toronto Stock Exchange:Toronto Stock Exchange (16,376.77, down 57.24 points)Dalradian Resources Inc. (TSX:DNA). Miner. Down a penny, or 0.69 per cent, to $1.44 on 14.92 million shares.Enercare Inc. (TSX:ECI). Utility. Up $9.99, or 52.83 per cent, to $28.90 on 11.36 million shares. Brookfield Infrastructure Partners made a friendly $4.3-billion takeover offer for the utility worth the equivalent of $29 per share in cash with an option to receive some of the price in equity. The offer was 53 per cent above Enercare’s closing price at $18.91 on Tuesday, prior to the announcement.The Hydropothecary Corp. (TSX:HEXO). Healthcare. Up 48 cents, or 11.03 per cent, to $4.83 on 10.93 million shares.Aurora Cannabis Inc. (TSX:ACB). Healthcare. Down 18 cents, or 2.56 per cent, to $6.84 on 8.54 million shares.Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down 15 cents, or 3.06 per cent, to $4.75 on 7.93 million shares.Encana Corp. (TSX:ECA). Oil and gas. Up 25 cents, or 1.39 per cent, to $18.20 on 6.47 million shares.Companies reporting major news:Molson Coors Canada. (TSX:TPX.B). Up $4.50, or 4.92 per cent, to $96.01 on 7,240 shares. The brewer has entered into a joint venture with The Hydropothecary Corp. to develop non-alcoholic, cannabis-infused beverages, making it the latest big alcohol company to turn its eye to the budding marijuana market. The new venture will be a standalone start-up with its own board and management team that will be 57.5 per cent owned by Molson.last_img read more

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Fofana is happy to play but his team needs to get

first_imgThe Ivorian midfielder has played in all Udinese matches this 2018-2019 season in the Italian Lega Serie AUdinese is currently sitting in the 16th place in the Italian Lega Serie A with nine points.And despite the results, Ivorian midfielder Seko Fofana is feeling well, after playing in all the matches so far in the 2018-2019 season.“I love to play in midfield. It doesn’t matter if, in a two or three-man midfield, that’s for the coach to decide,” he was quoted by Gianluca Di Marzio.“We are doing well, we struggled only against Napoli. This is a pivotal season for me, I have ambitions and goals, I want to have a great career.”Cristiano Ronaldo, JuventusSerie A Betting: Match-day 3 Stuart Heath – September 14, 2019 Considering there is a number of perfect starts so early in the Serie A season, as well as a few surprisingly not-so perfect ones….“I am playing like I was in my first season here before fracturing my fibula in March 2017 against Juve,” he added.“That was the toughest moment in football for me. We are more unite compared to last year, We are more friends with each other both on and off the pitch”.“I’d like to play in European cups. I love Paris and I support PSG, but if I had to choose a club where I’d like to go one day it would be Manchester City,” he commented.“I was there and it’s still in my head. I met Yaya Toure, my role model. He was a hero for me, now we are friends”.last_img read more

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