Coronavirus emerged in Italy earlier than thought, study shows

first_img– Advertisement – “This is the main finding: people with no symptoms not only were positive after the serological tests but had also antibodies able to kill the virus,” Apolone said.“It means that the new coronavirus can circulate among the population for long and with a low rate of lethality not because it is disappearing but only to surge again,” he added.Italian researchers told Reuters in March that they reported a higher than usual number of cases of severe pneumonia and flu in Lombardy in the last quarter of 2019 in a sign that the new coronavirus might have circulated earlier than previously thought. The new coronavirus was circulating in Italy since September 2019, a study by the National Cancer Institute (INT) of the Italian city of Milan shows, signaling that Covid-19 might have spread beyond China earlier than previously thought.The World Health Organization has said the new coronavirus and Covid-19, the respiratory disease it causes, were unknown before the outbreak was first reported in Wuhan, in central China, in December.Italy’s first Covid-19 patient was detected on Feb. 21 in a little town near Milan, in the northern region of Lombardy.- Advertisement – – Advertisement –center_img A man wears a protective mask as he sits near the Colosseum, as the spread of the coronavirus disease (COVID-19) continues, in Rome, Italy November 12, 2020.Guglielmo Mangiapane | Reuters But the Italian researchers’ findings, published by the INT’s scientific magazine Tumori Journal, show that 11.6% of 959 healthy volunteers enrolled in a lung cancer screening trial between September 2019 and March 2020, had developed coronavirus antibodies well before February.A further specific SARS-CoV-2 antibodies test was carried out by the University of Siena for the same research titled “Unexpected detection of SARS-CoV-2 antibodies in the pre-pandemic period in Italy”.It showed that four cases dated back to the first week of October were also positive for antibodies neutralizing the virus, meaning they had got infected in September, Giovanni Apolone, a co-author of the study, told Reuters.- Advertisement –last_img read more

Investment: Foreign legions

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Tony Adams blasts ‘lightweight’ Arsenal players after Brighton defeat

first_imgTony Adams blasts ‘lightweight’ Arsenal players after Brighton defeat Arsenal’s players were booed off at full time (AP Photo)‘For me, you’re a player, you play for the Arsenal, you represent the club, you perform to your 100 per cent. There are not a lot of players doing that.AdvertisementAdvertisement‘They are all looking after themselves, blaming other people, you can’t be like that.‘You can’t wait for the crowd to help you, it’s the other way around.‘We always went out there to do our stuff, then you win the crowd over.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal Neal Maupay scored Brighton’s winning goal against Arsenal (PA Wire)More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man City‘You’ve got to walk on to that football pitch so positive, ‘we’re the best team in the country, we’re going to prove to everybody we’re fantastic players. Like I said, at the moment they are a little bit sorry for themselves.‘It’s difficult I remember back in the day if we weren’t leading at half-time they’d boo us off the pitch. They’ve got high expectations at the club.‘It’s irrelevant if those expectations are unrealistic. Advertisement Metro Sport ReporterFriday 6 Dec 2019 2:30 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link78Shares Comment Freddie Ljungberg is still searching for his first win at Arsenal (EPA)‘And the minute it goes wrong, they’ve gone. They’ve gone under. It’s too lightweight, there’s not enough characters in there.‘I think they are feeling a little bit sorry for themselves. I think they need a bit of a shake.‘If I were the coach in there I’d definitely be giving them a shake and saying ‘look, be more scared of me than actually getting out there and getting on with it’. That’s what they need at the moment.center_img Tony Adams claims Arsenal’s players are ‘ready’ to be beaten (Premier League Productions)Tony Adams has slammed the mentality of Arsenal’s players following their defeat to Brighton and believes Freddie Ljungberg’s men look ‘ready’ to suffer poor results as soon as a game begins.The Gunners slumped to a 2-1 loss at home to Brighton on Thursday evening while the players were booed off the pitch by their own fans at the Emirates Stadium after the final whistle.In a woeful opening 45 minutes for Arsenal, Brighton took the lead through Adam Webster. The Gunners equalised through Alexandre Lacazette during a positive spell in the second half but Brighton scored the winner with 10 minutes remaining via Neal Maupay.AdvertisementAdvertisementAnd Adams, who spent 14 years as Arsenal’s captain, believes a lack of leaders inside the current dressing room is to blame for the club’s poor run of form.ADVERTISEMENT‘I think they are looking after themselves a little bit too much,’ Adams told Premier League Productions. SLUMP Arsenal are winless in nine games in all competitions – their worst streak since a run of 10 matches in March 1977. Arsenal’s dressing room is lightweight, according to Tony Adams (Getty Images)‘They need brave people on and off the pitch.‘You need a bit of honesty here, and a coach to go ‘hold on a minute, come on guys’. You need to be called out. And I don’t think a lot of that has been going on.‘The coaches put on lovely sessions for the team and everything goes round and round until you go ‘actually guys, you’re the ones on the pitch, you’ve got to make the decisions and stand up and be counted’.‘There are not too many of those guys out there. They are all kind of looking after themselves. ‘They are sitting there waiting for things to happen instead of going and making it happen.‘They are ready for it to go wrong.‘When you go into a football pitch expecting back things to happen they usually do. Advertisementlast_img read more

North Shore to host first homebuyers seminar

first_imgGedoun Property Consultant Douglas Cowan, and North Shore Land Sales Professional Jessica Francis, together will be hosting a first home buyers seminar.FIRST homebuyers will get a chance to see and hear first-hand about the new home buying and building process.Gedoun Property has teamed up with Stockland North Shore to hold the First Homebuyer Seminar at 5.30pm today, February 28 at the North Shore Sales and Information Centre. Gedoun Property Sales Consultant Doug Cowan said the seminar would be outlining the essential steps to building a new home and include a tour of a house already under construction.“For many people, building a house can seem intimidating,” Mr Cowan said.“This seminar is designed to break down the process into five simple steps that buyers can follow. “A tour of the house under construction will give a tangible insight to the actual process and what’s involved.” More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020Stockland North Shore and Gedoun Properties will be offering those attend a number of exclusive home and land packages. Mr Cowan said it was an ideal time for first homebuyers to be looking at getting into the market. “First homebuyers are eligible for up to $20,000 in grants from the State Government until June however, that may change in June,” he said.“Gedoun Properties and the team from North Shore have been working closely to come up with some excellent home and land packages that are perfect for first homebuyers. “This seminar is a chance for people to make a move on what could be a life changing journey and at the very least, learn more about the building process.”To RSVP for the Gedoun Properties and Stockland North Shore First Home Buyer Seminar, call the North Shore Sales and Information Centre on 4774 3844.North Shore Sales and Information Centre is located at 126 Sunhaven Boulevard, Burdell.last_img read more

Cottage living on city fringe

first_img40 Davidson Street, South TownsvilleMore from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020The fringe-city suburb of South Townsville has long been popular with buyers searching for historic miners’ cottages or ultra modern apartments in areas such as Palmer Street while there is also more modern builds like 40 Davison Street’s masonry block cottage.The cottage set on a 304sq m block has an open-plan living area, is fully air-conditioned, has separate laundry, undercover parking for one car, two outdoor living spaces shaded by established gardens and ceramic tiles throughout.Ms Stack said she used to live in South Townsville herself and the area had plenty of owner occupiers which fostered a strong sense of community. 40 Davidson Street, South TownsvilleBUYERS searching for a low maintenance home a stone’s throw from the city with plenty of cottage charm will be impressed with this three-bedroom house in South Townsville.The home is within walking distance of the new North Queensland Stadium and is also close to the boat ramp, restaurants and a hotel.Tracey Stack and Emma Nancarrow from Smith & Elliott are selling 40 Davidson Street and are asking for offers over $365,000. 40 Davidson Street, South Townsville“I think the buyer could be a first homebuyer, people downsizing, or someone looking for an alternative to unit living because the house is very low maintenance,” they said.“There is no external painting required and inside it’s been extensively renovated.“The kitchen has been refurbished, there is a lovely outdoor area and it’s neat as a pin.” 40 Davidson Street, South Townsville“Sometimes people overlook South Townsville because they are looking at North Ward and Belgian Gardens but I think it shouldn’t be discounted because it really is right on the fringe of the city and in some cases you’re closer to the city than you are in North Ward,” she said.“A lot of people do walk to work in the morning.“There is that real sense of community in the area.“It’s industrial, commercial and residential but that makes it such an interesting suburb.”40 Davidson St will be open for inspection on Sunday from 11.30am to 12pm and Tuesday from 5.30pm to 6pm.For more information call Tracey Stack and Emma Nancarrow on 0437 434 056. 40 Davidson Street, South Townsvillelast_img read more

UK roundup: Regulator hits trustee and solicitor with fines

first_imgThe Pensions Regulator (TPR) has levied fines totalling more than £22,000 (€26,000) on two individuals and a law firm for refusing to supply information.In the first case, it fined the head of a small disabled charity £6,500 for refusing to provide copies of his bank statements.Patrick McLarry, the chief executive of Hampshire-based Yateley Industries for the Disabled, “failed to provide the required documents to TPR despite being pursued for them for over 18 months”, the regulator said in a statement.McLarry is a former trustee of the charity’s pension fund. McLarry claimed that sending the documents to TPR would have been a breach of French privacy laws as they related to a French bank account. TPR eventually had to take McLarry to court to obtain the documents.“The harm caused by Mr McLarry’s actions was unknown but the consequent elongation of TPR’s investigation has caused delay and an increase in costs,” the regulator said.Nicola Parish, TPR’s executive director for frontline regulation, said: “This is another example of how we will use our powers to take action against individuals who hamper our investigations into the management of pension schemes. Refusing to comply with a legal request from The Pensions Regulator will not be tolerated.”In a separate case, a solicitor and the firm at which he is a partner were collectively fined £16,000.Anthony Wilson, managing partner at London law firm Ashley Wilson Solicitors, failed to provide documents to TPR – despite the regulator chasing them for nine months.The regulator requested the documents in relation to a pension scam investigation, it said, but it made clear that neither Wilson nor his firm had done anything wrong.Nevertheless, Wilson’s failure to supply the documents despite repeated requests resulted in the fines being levied. The judge who made the rulings said there were insufficient checks and balances at the law firm.The case involved the first criminal convictions secured by TPR.Master trusts on the riseThe use of defined contribution (DC) master trusts by the UK’s leading companies has almost doubled in two years, according to Willis Towers Watson’s LifeSight master trust.Of companies listed in the FTSE 350 index, 15% used master trusts as their primary DC provision, LifeSight said. This compared to 8% in 2015. Almost all of these companies (98%) offer DC pensions to new hires, rather than defined benefit.Master trusts are a form of DC scheme designed to provide for multiple employers. The most notable in the UK is the National Employment Savings Trust, set up by the government in 2010 to aid its auto-enrolment policy.Jo Kite, managing director at LifeSight, said: “While contract-based [DC] arrangements usage has marginally shrunk, master trust usage has doubled, showing a clear direction of travel. As many companies are still only part way through this process, we expect the trend to continue.”Northern Ireland closes funding gapNorthern Ireland’s £5.8bn local government pension scheme (NILGOPF) saw its deficit almost halve in the three years to the end of March 2016, according to its latest actuarial valuation.The valuation report, published earlier this week, showed the scheme had a shortfall of £262.6m in March 2016. Three years earlier this figure was £467m.NILGOPF’s funding ratio at the most recent valuation was 96%, up from 91% in 2013. This was in part due to an annual investment return of 7.1% in the three-year period measured.BMW workers confirm strikeWorkers’ union Unite has confirmed employees of BMW in four UK factories will strike eight times during April and May in protest at the closure of the company’s defined benefit pension scheme.Unite claimed the closure would cost some workers as much as £160,000 in retirement income, and described the move as “pension robbery”.Unite general secretary Len McCluskey said: “BMW’s refusal to talk about affordable options to keep the pension scheme open means a sizeable chunk of its UK workforce will be taking strike action for the first time in the coming weeks. Bosses in the UK and BMW’s headquarters in Munich cannot feign surprise that it’s come to this point. Unite has repeatedly warned of the anger their insistence to railroad through the pension scheme’s closure would generate and the resulting industrial action.”last_img read more

PFA sees bonds, equities as overpriced ‘in places’ as risks mount

first_img“We are keeping an eye on this on an ongoing basis, and are working purposefully to position our portfolio to be robust in the face of fluctuations,” he said.His comments followed PFA’s first-quarter results, which showed the fund benefited particularly from its higher-risk assets, including equities.PFA’s equities portfolio made good returns relative to the market in the three-month period, Damgaard said. Overall, the fund produced a 7.2% return for customers between January and March.“We are also pleased that our low-risk fund gave a positive return in spite of the fact that many parts of the bond market had resulted in negative returns because of rising yields,” Damgaard said.However, this did not mean risks had disappeared, he warned, adding that PFA was not about to put all customer money into equities. PFA Pension, Denmark’s largest commercial pension fund, said it was keeping a sharp eye on patches of overpricing in the equity and bond markets as significant political risks remain.Anders Damgaard, CFO of the DKK607bn (€81.6bn) fund, said: “Despite the strong development on the equity markets and in the global economy in the last few months, in our opinion there are still significant political risks in the form of, among other things, the French presidential election, and both bond and equity markets are looking expensive in places.”The first round of the French presidential election is taking place on 23 April, with the second, decisive round happening on 7 May.It was crucial for the pension fund to take good care of its customers’ money and not take unnecessary, large risks, Damgaard said.last_img read more

France launches citizens’ pension reform input platform

first_imgIn an email announcing the online platform’s launch, Delevoye said he hoped the site would “allow us to have an open debate to explore together all possible solutions”.#*#*Show Fullscreen*#*# The French government has launched a programme for citizens to share their views on ambitious reform plans for the country’s pension system.The cornerstone of the programme is an online participation platform where citizens can submit their views on a variety of questions.There are 11 questions or themes that individuals can comment on, ranging from what rights should be granted to spouses in the event of a death, to how confidence in France’s retirement system can be strengthened.Citizens can vote on proposals and arguments put forward by the high commissioner for pension reform, Jean Paul Delevoye, and other contributors. They can also propose new lines of action or submit new sources of information. What the platform looks like“A subject of such magnitude and that concerns us all requires everyone’s involvement, and I thank you in advance for your involvement,” he continued.Delevoye said he would report to policymakers about “our discussions” and that, when he came to make his recommendations at the end of the year, he would highlight the ideas that got the most traction on the platform and monitor their implementation throughout the reform process.The reform that was being approached was not a simple budgetary or technical reform but a true societal project, Delevoye continued.“It leads us to think about our system of social protection and the model of solidarity that we want between workers and pensioners,” he said. “Welcome to this platform, this space is yours. Participate, contribute, vote and let us together build a pensions system that is more simple, more fair, for all.”center_img Jean Paul Delevoye was appointed the high commissioner for pension reform in SeptemberThe public consultation is open until 25 October.In late 2018 or early 2019 Delevoye is due to propose the guidelines, or main direction, of the reform. This will kick off a new phase of consultation with the social partners, while “digital tools” will also be made available for the public to explain how the new system would work.The draft law will be presented to parliament next year. President Emmanuel Macron has said that the law would only be applied from 2025, and that some pension schemes would need more than 10 years to implement the transition to a new system. The aim of the reform – arguably Macron’s most ambitious yet – is to create a universal pension system to replace the current 42 different compulsory regimes. At least 20 of these are so-called “special regimes”, covering specific professions or categories of workers and each with their own set of rules for determining contributions and pension rights.See the May issue of IPE’s magazine for more about pensions in Francelast_img read more

Report: U.S. Crude Shipments to China Grind to a Halt

first_imgThe ongoing trade tensions between the world’s two super powers, China and the United States, have resulted in the complete freeze of U.S crude oil shipments to China, Reuters reports citing the President of China Merchants Energy Shipping Co (CMES) Xie Chunlin as saying.Speaking at the the sidelines of the Global Maritime Forum’s Annual Summit in Hong Kong, Xie said that before the trade war the business was blooming, but now the situation has changed drastically.“We are one of the major carriers for crude oil from the U.S. to China. Before (the trade war) we had a nice business, but now it’s totally stopped,” Reuters cited him as saying.Even though crude oil was exempted from the tit-for-tat tariffs imposed by the two countries recently, the halting of shipments is direct byproduct of the brewing tensions.The move is being reported two months after China International United Petroleum & Chemicals Co. (Unipec), a wholly-owned subsidiary of China’s oil major Sinopec, suspended imports of crude oil from the United States amid ongoing trade tensions between the two countries.The halt was expected to be lifted in October.It is not clear what might be further implications on oil trade between the two countries, but as tensions get heightened, the tanker market could be impacted heavily.This is in particular important having in mind that China was responsible for 25 pct of all U.S. seaborne crude oil exports in terms of volumes in 2017, as indicated earlier by BIMCO.According to Xie,  the trade dispute was forcing China to seek soybeans from suppliers other than the United States, mainly from South America.In mid September, China slapped U.S. with tariffs on USD 60 billion of imported US products as a counter-attack to the latest levies related to USD 200 billion worth of Chinese goods announced by the Trump Administration on September 17.Chinese tariffs apply to products ranging from liquefied natural gas to certain types of aircraft as well as cocoa powder and frozen vegetables. The tariffs would be set at 5 and 10 percent.In the 12 months up until June 2018, China was the second largest buyer of US LNG, accounting for 3 mmtpa of US LNG, according to Giles Farrer, research director at Wood Mackenzie. However, as the US-China trade dispute escalated, Chinese buyers have gradually reduced purchases of US LNG.He explained that the impact on the short term market is likely to be less than previously indicated, partly because the level of the tariff is lower than initially proposed, but also because China is believed to have already completed the majority of its procurement for winter.World Maritime News Stafflast_img read more