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German labor market feels effect of slowing economy

BERLIN ( ) – German unemployment unexpectedly rose for the first time in nearly two years in May, data showed on Wednesday, as slowing growth in Europe’s largest economy spilled over into the labor market.

The number of people out of work rose by 60,000 to 2.279 million in seasonally adjusted terms, according to the Federal Labour Office. That compared with a consensus forecast for a decline of 8,000.

Germany’s solid labor market has been the backbone of a domestically driven upswing in recent years. Several months of rising unemployment could weaken household spending and knock out one of the most important supports for growth.

Though the unexpected rise was mainly due to an audit of the status of some unemployment benefit recipients, the slowing economy also played a role, Labour Office head Detlef Scheele said.

“On the labor market, we can see first spill-over effects of the recently somewhat weaker economic development,” Scheele said. “The demand of companies for new employees is weakening sharply while remaining on a high level.”

He added, however, that the special factor was to blame for roughly two-thirds of the overall jobless rise of 60,000.

The seasonally adjusted jobless rate rose to 5.0%, the data showed. In unadjusted terms, unemployment increased by 7,000 to 2.236 million in May.

Germany’s export-reliant industries are already facing obstacles from trade disputes and uncertainty linked to Britain’s possible chaotic departure from the European Union.

“FAT YEARS OVER”

“All good things must come to an end,” said Thomas Gitzel, chief economist at VP Bank. “This applies also for the job bonanza on the German labor market.”

Gitzel said that industrial companies were curtailing production in light of falling orders, which could be seen in lower demand for temporary workers.

The bleak labor market report comes after a survey showed on Tuesday that consumer sentiment unexpectedly cooled heading into June, falling to its lowest in more than two years.

“The fat years are over,” said Bastian Hepperle from Bankhaus Lampe. “The labor market seems to have reached its zenith.”

He added that overall employment remained relatively high, which should support private consumption and with it th上海品茶工作室e domestically driven growth cycle.

The government last month halved its 2019 growth forecast to 0.5%, which would mark a sharp slowdown following calendar-adjusted growth rates of 2.5% in 2017 and 1.5% in 2018.

KfW analyst Martin Mueller said a temporary increase in the jobless total could not be ruled out. “However, a further reduction in unemployment is expected for the year as a whole,” Mueller said.

“Due to the continuing shortage of skilled workers, the employment opportunities for unemployed people with sought-after qualifications are still excellent,” Mueller said.

In a sign that German employment growth and the development of the jobless total are decoupling, employment as measured by the International Labour Organization climbed to a record 45.11 million in April, seasonally adjusted data from the Federal Statistics Office showed earlier on Wednesday.

Pound set to snap record losing streak after PM May resigns

LONDON ( ) – The pound rose on Friday and was set to snap a record losing streak against the euro after British Prime Minister Theresa May set out a departure date after failing to push through a Brexit divorce deal.

Trading was volatile as concerns rose that she is likely to be succeeded by a eurosceptic leader, potentially increasing the chances of a ‘no-deal’ Brexit.

“The pound can therefore breathe a sigh of relief temporarily, and it now remains to be seen how her successor will position himself,” said Marc-André Fongern, a strategist at MAF Global Forex in Frankfurt.

W上海品茶会所hile it is not yet known who her successor will be – the process to elect a new party leader will begin next month – markets are concerned that a tougher stance with the European Union might prompt investors to turn more negative on the outlook for the pound in the coming months.

Those concerns have pulled the rug from under the pound over the last two weeks, prompting traders to sell the currency against the euro and the dollar aggressively and dialling up expectations of Britain leaving the EU without a deal to smooth the transition.

“None of this should come as a surprise to currency markets, and as such should already be priced in, with the pound already looking a little firmer in early trading,” said Michael Hewson, chief markets analyst at CMC Markets based in London.

Against the dollar, the British currency rose as much was 0.4% higher at $1.2719 after her announcement. But it gave up much of its gains in the late European session to trade up 0.1% on day.

Versus the euro, the pound climbed as much as a third of a percent stronger at 88.05 pence after 14 consecutive days of losses as traders trimmed back some of their negative bets on the pound before a long weekend.

Britain’s markets are shut on Monday for a holiday.

Recent falls in the pound have been pronounced because investors have cut back their positions on the pound to neutral, removing any potential support for the British currency. (See graphic tmsnrt.rs/2WW8QBb)

Still, derivative markets were broadly quiet with risk reversals on the pound holding near recent lows while one-month volatility indicators remained subdued.

The leading contenders to succeed May all want a tougher divorce deal, although the EU has said it will not renegotiate the Withdrawal Treaty it sealed in November.

Boris Johnson, the face of the official Brexit campaign in 2016, is the favourite to succeed May. Betting markets put a 40% implied probability on Johnson winning the top job.

Strategists at OANDA, a futures brokerage, say if Boris Johnson becomes the next prime minister, the pound could fall as far as $1.20, a level not seen since the first quarter of 2017.

— Graphic: World FX rates in 2019 tmsnrt.rs/2egbfVh

— Graphic: Trade-weighted sterling since Brexit vote tmsnrt.rs/2hwV9Hv

SEC files complaint against New York real-estate developer for anti-fraud violations

WASHINGTON ( ) – The U.S. Securities and Exchange Commission (SEC) filed a complaint against a real-estate developer and two affiliated firms for “siphoning and misusing investor上海品茶微信 funds” to the tune of over $91 million, the agency said in a statement on Thursday.

The regulator’s emergency action, filed on Wednesday in the federal district court of Buffalo, New York, alleges that the real-estate developer raised more than $80 million from over 200 investors with the aim of improving a multi-family home complex, but rather diverted the funds to “facilitate Ponzi scheme-like payments to earlier investors” via his companies Morgan Acquisitions, LLC and Morgan Mezzanine Fund Manager, LLC.

Developer chief, Robert Morgan, is also being charged with improper use of more than $11 million in investor funds to repay an inflated loan Morgan “fraudulently obtained for an unrelated apartment complex,” the SEC statement said.

“In seeking this emergency relief, the SEC is acting to protect current and potential future victims of this elaborate scheme by halting Morgan’s fraud,” said Daniel Michael, who leads the SEC’s enforcement team that focuses on complex financial instruments.

The SEC is requesting an order freezing Morgan’s assets and appointing a temporary receiver over the relevant funds on the grounds that Morgan violated the anti-fraud provisions of federal securities laws.

Morgan, and the development companies, did not immediately respond to a request for comment.

Scotiabank misses profit on higher provisions, flags slow mortgage growth

( ) – Bank of Nova Scotia, Canada’s third-biggest lender, on Tuesday missed analysts’ estimates for second-quarter profit and forecast low-single-digit growth in mortgages this year, citing a slow start to the domestic housing market.

Scotiabank’s quarterly profit miss, which was the third in a row, was due to a surge in non-interest expenses and provisions for bad loans that offset gains from its international banking unit.

Adjusted non-interest expenses rose 7.7% to about C$4 billion in the quarter from a year earlier, while its provisions for credit losses – the money set aside to cover bad loans – surged 35% to C$722 million ($535.9 million).

The jump in provisions came after Scotiabank’s recent acquisitions, which include Canadian insurer MD Financial Management and investment firm Jarislowsky Fraser.

“Scotia’s earnings were negatively affected by provisions related to acquisitions which, from our standpoint, generated the miss,” John Aiken, an analyst with Barclays, said in a note.

Provisions also rose at Scotiabank’s Canadian and international banking units, as it set aside more money to meet futures losses in its personal loan portfolio.

Provisions also jumped at Canada’s two biggest lenders, Royal Bank of Canada and Toronto-Dominion Bank, which reported results last week.

Canada’s once-hot housing market has softened sin上海品茶工作室ce the start of last year, as tighter mortgage rules and interest rate hikes have curbed spending power of home buyers.

Adjusted net income of Scotiabank’s Canadian banking business unit grew about 4% in the quarter ended April 30, while net income from its relatively smaller international banking division surged about 20%.

Scotiabank, which has the biggest overseas presence among Canada’s major banks, has been focusing on the Latin American trade bloc comprising of Mexico, Peru, Chile and Colombia.

The bank’s markets revenue, which includes trading in bonds and equities, also showed an increase.

Trading revenue also rose at Canada’s biggest lender Royal Bank of Canada, while it was the only bright spot for Canadian Imperial Bank of Commerce.

Scotiabank reported adjusted net profit attributable to shareholders of C$2.08 billion, or C$1.70 per share, in the quarter, compared with C$2.06 billion, or C$1.71 per share, a year earlier. (reut.rs/2KhjnDJ)

Analysts on average had expected a profit of C$1.74 per share, according to IBES data from Refinitiv.

Shares of Scotiabank were down 2.2% in morning trading, taking the share slump in the last one year to about 14%.

(GRAPHIC: Shares of Canadian banks fall from their peak in last 8 months – tmsnrt.rs/2W8YyRP)

CANADA STOCKS-TSX futures rise on higher oil prices

May 24 ( ) – Futures for Canada’s main equity index rose on Friday, as oil prices rose after上海品茶工作室 two sessions of losses.

However, crude prices remained on track for its biggest weekly drop this year due to rising inventories and concerns of a global economic slowdown.

June futures on the S&P/TSX index were up 0.43% at 7:00 a.m. ET.

The Toronto Stock Exchange’s S&P/TSX fell 162.74 points, or 1%, to 16,164.61 on Thursday.

Dow Jones Industrial Average e-mini futures were up 0.67% at 7:00 a.m. ET, while S&P 500 e-mini futures were up 0.65% and Nasdaq 100 e-mini futures were up 0.58%.

ANALYST RESEARCH HIGHLIGHTS

Heroux Devtek Inc: TD Securities raises price target to C$22 from C$19.50

Prairiesky Royalty Ltd: RBC cuts price target to C$24 from C$26

Toronto-Dominion Bank: Credit Suisse raises price target to C$83 from C$81

COMMODITIES AT 7:00 a.m. ET

Gold futures: $1281.2; -0.33%

US crude: $58.56; +1.12%

Brent crude: $68.58; +1.21%

U.S. ECONOMIC DATA DUE ON FRIDAY

0830 Durable goods for Apr: Expected -2.0%; Prior 2.6%

0830 Durables ex-transport for Apr: Expected 0.2%; Prior 0.3%

0830 Durables ex-defense mm for Apr: Prior 2.2%

0830 Non-defense capital goods ex-aircraft for Apr: Expected -0.3%; Prior 1.4%

FOR CANADIAN MARKETS NEWS, CLICK ON CODES:

TSX market report

Canadian dollar and bonds report

global stocks poll for Canada

Canadian markets directory

U.S. business borrowing for equipment falls 24 percent in February: ELFA

( ) – U.S. companies’ borrowing to spend on capital investments fell 24 percent in February from a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Friday.

Companies signed up for $5.9 billion in new loans, leases and lines of credit last month, down from $7.7 billion a year ago. The fall was 18 percent, when compared to the previous month.

“Monthly new business volume declined for the first time in almost two years… Fundamentals in the U.S. economy appear to be holding up,” ELFA Chief Executive Officer Ralph Petta said in a statement.

“With the Fed holding interest rates unchanged, these and other economic data bear monitoring in the coming months to better understand the dip in equipment financing volume for February.”

Washington-based ELFA, a trade association that reports economic activity for the $1 trillion equipment finance sector, said credit approvals totaled 76 percent in February, marginally down from 76.1 percent in the previous 上海品茶微信month.

The data on U.S. business borrowing was based on a survey among 25 members including Bank of America Corp, BB&T Corp, CIT Group Inc and the financing affiliates of Caterpillar Inc, Deere & Co, Verizon Communications Inc, Siemens AG, Canon Inc and Volvo AB.

The Equipment Leasing & Finance Foundation, ELFA’s non-profit affiliate, said its confidence index for March is 60.4, up from 56.7 in February. Any reading above 50 indicates a positive outlook.

Brazil’s ex-President Temer jailed, accused of heading ‘criminal organization’

SAO PAULO/BRASILIA ( ) – Brazil’s former President Michel Temer was arrested on Thursday in “Operation Radioactivity,” a probe of alleged graft in the construction of a nuclear power plant, threatening to delay debate over the government’s ambitious fiscal reforms.

Temer was president from 2016 to 2018, taking office after the impeachment of Dilma Rousseff, who he served under as vice president for six years. His lawyer confirmed he was arrested in Sao Paulo, and his legal team has lodged an appeal for Temer to be freed.

Prosecutors alleged that Temer was the leader of a “criminal organization” that took in 1.8 billion reais ($472 million) in bribes or pending future kickbacks as part of numerous schemes, including one related to the Angra nuclear power plant complex on the Rio de Janeiro coast and other state firms. The former president’s Brazil Democratic Movement party long held sway over key appointments in Brazil’s largely state-run energy sector, including nuclear power plants.

Brazil’s currency and the Bovespa stock index both slipped around 1 percent, as the arrest grabbed the attention of Congress just as it was taking up a bill to save some 1 trillion reais in social security spending over a decade.

“This could slow down the pension reform process, which is already disappointing,” Danilo Gennari, partner at Brasilia-based political consultancy DRG. “Temer’s arrest will not help the climate in Congress.”

Federal police also arrested Temer’s former minister and confidant Wellington Moreira Franco, who is married to the mother-in-law of Rodrigo Maia, the speaker of the lower house of Congress and a leading proponent of pension reform.

Temer and Moreira Franco have repeatedly denied previous accusations of wrongdoing. Maia was not immediately available for comment.

Asked about the arrest during a trip to Chile, President Jair Bolsonaro said “everyone must respond for their actions” and that Temer’s fate was the result of traditional corrupt political practices that he has vowed to end.

Related CoverageBrazil markets end volatile session in the red after ex-president’s arrest

Brazil’s sweeping “Car Wash” probe has uncovered what U.S. prosecutors called the world’s largest graft scheme, starting with political bribery involving oil company Petroleo Brasileiro SA and spreading to other sectors and public works.

Over 150 powerful politicians and businessmen have been convicted in relation to the investigation since 2014, which has reshaped the country’s political and business landscapes.

Temer is the second former president to be arrested in the anti-corruption push. Former President Luiz Inacio Lula da Silva is in jail serving over 12 years for a corruption conviction.

Voters’ anger over long-running graft fueled the ascent of Bolsonaro, a far-right politician who served 30 years as a fringe lawmaker, but rose to power on the b上海品茶微信ack of pledges to end graft in Brasilia.

Since Bolsonaro took office on Jan. 1, federal police began a money laundering probe of his son, Senator Flavio Bolsonaro.

NUCLEAR COMPLEX

Work on Angra 3, the third nuclear power plant planned in Brazil’s Angra complex, has advanced haltingly since 1984 and has long been on the radar of graft investigators. The complex is run by Eletronuclear, a unit of state power holding company Centrais Eletricas Brasileiras SA, or Eletrobras.

Shares of Eletrobras, which has been the focus of shifting privatization plans in recent years, fell nearly 3 percent on Thursday.

In 2016, Othon Luiz Pinheiro da Silva, the former chief executive of state nuclear power company Eletronuclear, was sentenced to 43 years in prison on a corruption conviction.

Silva colluded with executives at Brazilian engineering firms Andrade Gutierrez and Engevix to receive kickbacks in return for overbilling on the Angra 3 construction, court records show.

Temer, who left office with an approval rating of 7 percent, had not been formally cited in the case.

But federal investigators alleged on Thursday he took at least 1 million reais in bribes in 2014 in relation to a contract at the nuclear complex won by Engevix and the Brazilian subsidiary of the Finnish firm AF Consult LTD.

AF Consult did not respond to requests for comment. Engevix said it had no comment.

Prosecutors told a news conference that Temer, who was a federal lawmaker for more than 15 years before becoming vice president, had been a part of schemes diverting public funds since the 1980s.

“The criminal group that was arrested today …. has been in operation for more than 40 years,” said federal prosecutor Fabiana Schneider.

The group included a “counterintelligence” arm that tried to thwart any criminal charges by monitoring investigations and the prosecutors themselves, feeding false documents to authorities to mislead them, the prosecutors said.

A federal judge in Rio de Janeiro granted an arrest warrant for Temer that prosecutors requested on preventative grounds, citing an ongoing payment scheme.

Temer was hit with separate corruption charges during his presidency that were blocked by allies in the lower house of Congress, which must authorize charges against a sitting president.

Temer, 78, previously led the MDB, a regionally fragmented party with no consistent ideology that for two decades held the most seats in Congress, making it a major power broker.

The son of Lebanese immigrants who arrived in Brazil in 1925, Temer was the youngest of eight children and began his political career in the 1960s as an aide in Sao Paulo state’s education secretariat.

The governor at the time, Ademar de Barros, one of the first politicians to inspire the popular Brazilian saying about their leaders: “He steals, but he gets things done.”

Lingard happy that he worked with Sir Alex Ferguson

Jesse Lingard, the Manchester United attacking midfielder, has been in great form recently and he revealed that he is really happy that he had decided to put his trust in Sir Alex Ferguson a couple of years ago.

The legendary coach of the Red Devils had talks with Lingard and his father several years ago and he predicted a great future for the Englishman if he decides to join the team – now, the winger has become a crucial part of Mourinho’s squad this season and he managed to score seven goals and provided another two in his latest nine matches.

The 25-year old Englishman spoke about this decision as he said, according to Goal: “Me and my dad put that trust in Sir Alex to say that. It’s obviously worked. He guessed right. I think it’s my time now. I knew we had to step up and kind of take charge. That’s what I’ve done.”Top 5 Real Madrid players who are succeeding on a loan Tomás Pavel Ibarra Meda – We need to talk about the Top 5 Real Madrid players who are currently succeeding away from the club and are currently on a…

He also added that the goals that he has scored gave him the confidence needed: “The goals have come, which has given me confidence. Each game I just want to score now, that’s my main objective. The first few seasons I was just getting used to the Premier League, I just wanted to play football. This season I’ve come in with objectives, a different mindset to get goals and assists. When you score a goal it boosts yourself and the team as well.”

In the end, Jesse Lin上海品茶工作室gard claimed that his club always want to win: “Man United is a club where we always want to win and be first. If second is the spot we have to take then we’ll take it as long as we’re up there and winning games. But our main priority is to be first all the time. The mentality of the lads is always to win, and the manager’s mindset is the same. We come into each season wanting to come out on top as number one.”

Spalletti: We are not used to losing

Inter lost to Udinese in the Serie A during the weekend, and their manager Luciano Spalletti spoke about the game, and said his side’s second-half collapse was “something of a novelty”

The San Siro side were leading the table, while remaining unbeaten in their first 16 Serie A games of the season, but that run has come to an end on Saturday, as Udinese said: “stop right there”, beating Inter 3-1.

Even though Mauro Icardi was able to respond with a goal, after Kevin Lasagna fired for the first-time in the first-half, Inter were unable to climb back and ended up with a disappo上海品茶QQinting loss.

“I’m not happy, just as I wouldn’t be after any other defeat. But we’re now not used to losing, so that obviously makes this one hurt a bit more. We need to work out why, in the second half, we were scared to go after the ball, making mistakes and poor choices all the time,” the Inter manager told the club’s website.Italian football to pay respects to Sassuolo owner Squinzi George Patchias – Sassuolo owner Giorgio Squinzi has died at the age of 76, and a minute’s silence will be observed across Italian football this weekend as…

“In the first half we did the right things and played well, so what happened after the break was unexpected. We’re used to doing better, so what we saw in the second half was something of a novelty.”

In the meantime, Udinese have now won 4 games in a row across all competitions, and they have dedicated their win over Inter to third-division club Pordenone. The small team managed to take Inter to a penalty shootout in the Coppa Italia during the week, as Spalletti’s men were barely able to advance.

According to ESPN, a tweet from Udinese post-match on Saturday read: “Hey, Pordenone Calcio, mission accomplished!”

After his side’s success, Bianconeri boss Massimo Oddo told La Gazzetta dello Sport: “We are making great strides, but there is no magic wand. We still have to improve a lot and in the first half here, we suffered a lot.”

Moyes looking forward to the transfer window

David Moyes has been in charge of West Ham United just for a couple of weeks but he is already looking for some new arrivals – the winter transfer window is approaching and he wants to strengthen his squad.

Chairman David Sullivan also said that the fans can expect at least two or three new players to come to the team – and the Scot is happy to hear that and he hopes that the upcoming period will be busy for his team of scouts and coaches. Despite gaining four points from the matches against Chelsea and Arsenal, West Ham are still in the relegation battle and Moyes wants to fix that.

The former Manchester United coach spoke about his expectations towards the transfer window as he said, according to Sky Sports: “I hope it is busy, the January window. In recent years, it has not been as busy as people had made it out to be. But it is not the easiest month (to do transfer business). I would like to add to the squad if we can do,” he added. “I think it is really important that we try and get players who we think can make a difference and can give us people who can more or less go straight into the team. But that is not the easiest thing to do.”Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much 上海品茶会所he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

He also added that the recent results were very positive for his side: “Definitely, anybody who beats Chelsea and anybody who gets a result against Arsenal, especially in the position we are in would see it as a real positive.”

In the end, David Moyes insisted that there is still a work to be done: “We have still got to climb the table, so we still have to win an awful lot more games. We can pat ourselves on the back for the performances and how well the players have done. But overall, we still have a lot of games to go and we have got to win them.”

Must watch: Napoli – Juventus

One of the most popular TV-shows in Italy had to be rescheduled, due to Napoli fans claiming they can’t miss their team’s game against Juventus

Sky Italia will release the latest episodes of the TV show called “Gomorra” ahead of schedule because Partenopei fans have no intention of missing the visit of Juve, GOAL understands.

Despite Napoli head coach Maurizio Sarri and his players doing their best to play down the significance of Friday’s Serie A clash against last year’s champions Juventus, their fans simply consider the Italian showdown unmissable.

When Partenopei supporters heard that the fixture of the two giants had been moved forward to give both sides an extra day to prepare for their respective Champions League matches, they had to something about their favourite TV-show’s new episodes.

The original time of publishing the new episodes would have been friday night, but that’s the same time as the huge game of theirs. As a result, Sky Italia was “attacked” with requests from desperate Napoli fans begging them to reschedule the release of the next two episodes, GOAL continues.Report: Ancelotti’s Napoli held by Genk George Patchias – Carlo Ancelotti’s Napoli side was held to a scoreless draw by Belgian side Genk.This game was billed as a goal fest for the Italian…

The channel agreed to their viewers’ wishes, as the new episodes will be out on Friday morning.

Most football fans share the opinion that ever since Maurizio Sarri took over at Napoli back in 2015, they have been playing the best football in Serie A, however it’s still Juventus who are the champions.

Arrigo Sacchi expressed his opinion, one many agree with, as he said previewing the 2017-18 season: “Juventus will win the Scudetto again because they have the advantage of having a superior character.”

“In fact, I’ll correct myself: Juve can only lose it. Napoli are the team I prefer, the most harmonious. Thei上海品茶工作室r style of play is among the top three in the world, and Sarri is a genius,” Arrigo Sacchi claimed.

Ventura might be sacked even if Italy qualifies

Italy are in danger of missing out on the 2018 World Cup and the Italian Football Association have had enough of their current manager.

Giampiero Ventura is in danger of losing his job even if Italy manages to qualify for the upcoming World Cup that will take place in Russia next summer. The Italian press writes that the Italian football executives are angered by the team’s display during the Qualifications and the defeat against Sweden, in the first leg of the playoff, was the last straw for the 69-years-old.

The Italians have already identified two possible solutions. The first one would be Carlo Ancelotti, who is out of contract after having been fired by Bayern Munich. He is the number one priority for the Italians, who are hoping to persuade Ancelotti to change his intentions of not coaching any team until next summer.

Antonio Conte is another possible option for the Italians. Chelsea’s manager was in charge of ‘Squadra Azzurra’ until Euro 2016 and then moved to London. However, the relationship with Roman Abramovich broke down lately, due to the failed start of the season that has Chelsea trailing eight points behind Premier League leaders Manchester City.Report: Lukaku out of Barcelona game George Patchias – Romelu Lukaku has been ruled out of Inter Milan’s game agains上海品茶会所t Barcelona at the Camp Nou.Inter Milan face Barcelona tomorrow evening at the Camp…

Luigi De Biagio is also considered for the job. The Italy U21 manager is seen as an in-house solution for the replacement of Ventura.

Italy play their last chance to reach the World Cup on Monday, at 20:45 CET. In the first leg, Sweden won 1-0 in Stockholm.

Atletico too reliant on Griezmann, according to Simeone

The Argentine believes the club has developed a bad habit of relying way too much on their star man.

Antoine Griezmann has spoiled Atletico Madrid as he solves all of their offensive problems, insisted Diego Simeone. Los Rojiblancos, however, failed to bounce back against Chelsea in the Champions League during the week and had a goalless draw against Leganes on Saturday.

Griezmann stated that he took the blame for Atletico’s loss against the Blues from London, insisting he could have done much more for his team. Yet, Simeone highlighted that his men are overreliant on the France international when it comes to offensive duties.Simeone: “The linesman knows what Sergio Ramos said” Andrew Smyth – Diego Simeone made a sly remark on the latest Sergio Ramos controversy after Atletico Madrid settled for a 0-0 derby draw with city rivals Real Madrid.

“He is a player who has given us bad habits because he is the player who always solves the offensive problems of the team,” Simeone said as quoted by Goal.

“When he scores goals, the team has 上海品茶会所a great chance of winning. But when he does not score, obviously it’s more difficult.

“I think the other attackers and the rest of the team can help him get closer to the goal. We have to divide this responsibility, which is not the sole responsibility of Griezmann.”

Barca chief claims duo chase is quite complicated

After Segura claimed that the Catalans are close to Coutinho and Dembélé, sporting director Robert Fernandez insists otherwise.

Barcelona recently completed their first signing of the summer – Paulinho from China. However, they are yet to do something when it comes to their main targets for the close-season – Philippe Cou上海品茶微信tinho and Ousmane Dembélé.

Despite Segura claiming that the Spanish club is close to signing their targets, both Borussia and Liverpool have been adamant that they will not sell anyone.

“Not just Barca but any team looking for top quality players are getting involved in a very difficult situation in this market.“ Fernandez said, according to Goal.Griezmann and Neymar questions infuriate Valverde George Patchias – Questions about the Antoine Griezmann fine, and the Neymar court case, infuriated Ernesto Valverde at his pre-match press conference.Barcelona and Ernesto Valverde face Getafe…

“Why? Because the market is where clubs like us want to sign top quality players. There’s no buy-out clauses, so that makes things trickier. Yes, we are negotiating with clubs to make several signings, but in all awareness of the difficulty.

“We need to work our way into a favourable situation and hopefully close these deals as quickly as possible.

“Dembélé and Coutinho are two important players that we like a lot and have done for a long time. They have the conditions, the right age and could adapt to our football. They would be good to have here. That’s the reality.

“With respect to Liverpool and Dortmund, when there are negotiations you need time, you need to work things into a favourable situation for players and ourselves.”

Conte wants to lead Chelsea in their new stadium

The Italian does not plan on living anytime soon.

Chelsea boss Antonio Conte admits it is a challenge to stay on the driving seat of Chelsea for a time long enough to see him lead the team into the new Stamford Bridge.

The Blues from London will invest around £500million into redevelopment of their stadium in order to boost the capacity of over 60,000 seats.

Meanwhile, Tottenham will play the first ever Premier League match at Wembley Stadium against Chelsea, due to the fact they are still building their new stadium on the site of the old White Hart Lane.Fabio Capello stands up for Antonio Conte, compares him to Mourinho Nedim Maric – Former Italian manager talked about the current prospects of Serie A, and Conte’s success at Inter so far.Inter look like a different team with…

“I want to break this bad record [of sackings at Chelsea]. I must be positive. When you start a job with a new club, I hope to stay in this club for many years,”上海品茶微信 Conte said at a news conference at Cobham Training Centre, according to StandardUK. “It means you have the possibility to work with the same players, to improve these players year by year.

“Why not? I hope [to manage Chelsea into their new stadium]. I hope because this could be a fantastic challenge for me and also for the club, to stay together and also to play with this team in a new stadium.

“Honestly, the new stadium will be great, but I love a lot Stamford Bridge, also to play in the stadium. I feel Stamford Bridge is like my house.”

Liverpool 3-0 Syndey FC

The Reds hit three goals in season-ending friendly win over SydneyWritten by – Nikolay Nikolov, May 24, 2017.

Liverpool finished the 2016-17 season with a convincing victory over Sydney FC today.

The上海品茶工作室 game finished 3-0 and was played in front of 72,892 people at ANZ Stadium.

All of the goals came in the first half from Daniel Sturridge, Alberto Moreno and Roberto Firmino.

Liverpool made the game even more entertaining by including the club legends – Steven Gerrard, Jamie Carragher, Steve McManaman and Daniel Agger, as every one of them appeared in the game for 45 minutes.Kane: Spurs out of excuses after shock Carabao Cup exit Andrew Smyth – Harry Kane concedes that Tottenham only have themselves to blame following a shock Carabao Cup exit at the hands of Colchester United.

Liverpool was very close to a great start when Gerrard received a pass from Firmino and found himself in a shooting position, but unusually for him, he sent the ball well over the bar.

Liverpool fans didn’t wait too much for the first goal. In the 8th minute, Sturridge found the net with a nice finish.

Then the Reds doubled their lead in the 18th minute as Moreno received a through ball, followed by a strong shot with his favored left foot.

The 3rd goal came from Firmino, as he received a cross from Sturridge and put the ball in from a close range.

The second half continued with domination from Liverpool, who were the ones creating regular chances.

Real Madrid closer to La Liga title after 2-1 win at the San M\u00e1mes

Real Madrid increased their lead in the table with a 2-1 win over Athletic Bilbao, as the Madrid club move five points clear of their rivals FC BarcelonaWritten by Christian Møller Poulsen

Real Madrid won todays encounter, but as always San Mamés proved to be a tough ground to play, with Athletic Bilbao showing aggressive play from time to time.

However, Karim Benzema netted the first goal after 25 minutes, as Cristiano Ronaldo was sent in depth at the left side, where the Portuguese made a perfect cross for Benzema, who send it wide of the Bilbao goalkeeper Kepa Arrizabalaga.

In the second half, Athletic Bilbao came back when Aritz Aduritz headed the goal behind Keylor Navas after a headed assist from Raul Garcia.Report: Alisson takes another step towards recovery George Patchias – Liverpool’s number, hot off receiving his award as FIFA’s Best goalkeeper, has announced he is progressing well in his recovery from injury.Alisson Becker, the…

Nevertheless, it was a short period of joy for the home supporters, when Casemiro three mi上海品茶QQnutes later scored the winning goal for Real Madrid. Ronaldo flicked the ball with a header from the nearest post after a set-piece, and Casemiro scored.

FC Barcelona is playing Valencia at home Sunday, and the Catalans can with win narrow the gap back to two points.

Cristiano Ronaldo named Portugal player of the year

Cristiano Ronaldo won the Player of The Year Award after delivering Portugal their first ever European ChampionshipWritten by Christian Møller Poulsen

The recent Ballon d’Or winner Cristiano Ronaldo has been named Portugal’s player of the year, after his successful year in 2016.

The 32-year-old Real Madrid player, won the award in front of his teammate Pepe and Sporting CP goalkeeper Rui Patricio, at the Quinas de Ouro gala this Monday.

Ronaldo won his third Champions League title, as Real Madrid beat Atletico Madrid in the final on a penalty shootout. He also became topscorer with 16 goals in total in the Champions League season.Report: Alisson takes another step towards recovery George Patchias – Liverpool’s number, hot off receiving his award as FIFA’s Best goalkeeper, has announced he is progressing well in his recovery from injury.Alisson Becker, the…

The Portuguese then proceeded, to help Portugal win their first ever major trophy, when they won the European Championship against the hosts from France, after a 1-0 victory in extra time. Cristiano Ronaldo however, was forced off the field in the first half with an injury.

Ronaldo said: – It was a very special year for me because the Euros was the only trophy I was still missing.

-I want to thank the Portuguese people again, they gave us confidence on our way to the title.

The young gun Renato Sanches from 上海品茶会所Bayern München was voted young player of the year, and the national team coach Fernando Santos won the coach of the year award.

Honda to recall 222,674 Accord vehicles in China

BEIJING ( ) – Honda Motor Co Ltd’s (7267.T) venture with Guangzhou Automobile Group Co Ltd (601238.SS) will recall 222,上海品茶工作室674 Accord sedans in China, market regulators said on Thursday, after recent complaints on social media about the car engine’s quality.

The recall is linked to a problem caused by the intercooler of the car’s 1.5T turbocharged engine. In certain situations, the engine lost speed to protect the vehicle, according to a document on China’s State Administration for Market Regulation.

Some owners of the Japanese carmaker’s iconic model have posted videos that showed their cars losing speed, on social media Weibo over the past weeks. Many of them have demanded for a recall of the model.

The Guangzhou-based venture will install devices that optimize the air flow rate at the engine intercooler, according to the document.

Total vehicle sales in China, the world’s largest auto market, fell for a 12th straight month in June, and top industry body has predicted them to fall for the second year running.

However, Honda’s sales in China outperformed the overall market. In the first seven months of the year, its local ventures reported a 20.5% rise in sales due to newly revamped variants.

Honda recalled hundreds of thousands of vehicles including popular Civic and CR-V last year, due to a cold-climate engine problem.

EssilorLuxottica sets sights on retail dominance with $8 billion GrandVision deal

PARIS ( ) – EssilorLuxottica (ESLX.PA) is buying Dutch opticians group GrandVision (GVNV.AS) for up to 7.2 billion euros ($8 billion) in cash to take control of thousands of stores where it sells spectacles and lenses.

The deal marks a new milestone for EssilorLuxottica, which was formed last year from the merger of French lens maker Essilor and Italian eyewear group Luxottica, but which has been hit by disputes over who should run the group.

GrandVision, whose chains include Vision Express in Britain and For Eyes in the United States, would give EssilorLuxottica control of more than 7,000 outlets across the world where it already sells brands including Varilux lenses and Ray-Ban sunglasses.

But the deal is likely to face intense scrutiny by competition regulators. The European Union only approved the 48-billion-euro merger of Essilor and Luxottica after a long study.

“EssilorLuxottica is looking here to address all the segments of the market, from glasses with Essilor to spectacles with Luxottica and retail with GrandVision,” said Gregoire Laverne, a fund manager with Roche Brune Asset Management.

“There are synergies to be expected given the group will be able to push its products through GrandVision stores. But the deal poses a real challenge for EssilorLuxottica which is struggling with governance issues,” he added.

EssilorLuxottica said it had agreed to buy a 76.72% stake in GrandVision from Dutch investment company HAL NV for 28 euros per share. The price could rise to 28.42 euros if the deal is not closed within a year, and the terms value the whole of GrandVision at up to 7.2 billion euros.

GrandVision’s management and supervisory boards support the deal, which will be followed by a public offer for all the outstanding GrandVision shares after completion, EssilorLuxottica said.

Shares in GrandVision, which were floated at 20 euros apiece in 2015, were up 5.2% to 26.68 euros at 0930 GMT. EssilorLuxottica shares were up 3.5% at 122.40 euros.

COMPETITION CONCERNS?

“With GrandVision we will be able to develop our retail network, finally extended throughout the geographies, and fully enable our multichannel and digital platforms,” said EssilorLuxottica executive chairman Leonardo Del Vecchio.

In a call with analysts, Essilor chief executive Laurent Vacherot said he expected the transaction to contribute to group earnings per share growth a year after completion.

GrandVision has stores in more than 40 countries across Europe, Asia, North America and Latin America, according to its website, and employs more than 37,000 staff. Its outlet上海品茶QQs attract more than 150 million customers each year, it says.

EssilorLuxottica’s current retail brands include David Clulow opticians, Sunglass Hut and Spectacle Hut.

At the time of Essilor’s merger with Luxottica, rivals and some opticians expressed concern that the combined group might persuade opticians to buy eyewear and lenses as a package, squeezing out smaller players.

EssilorLuxottica announced the GrandVision deal as it reported a rise in second-quarter results and confirmed its 2019 financial targets.

GrandVision also posted higher second-quarter sales year-on-year, although its adjusted profit was flat at constant exchange rates.

O’Rourke to rally in his native Texas, where tough 2020…

( ) – Democratic presidential candidate Beto O’Rourke will hold campaign rallies on Saturday in his home state of Texas, where he faces far different challenges in the 2020 race from those of his underdog U.S. Senate run in 2018.

O’Rourke’s campaign hopes the former congressman’s personal ties to delegate-rich Texas give him a critical early boost in the large Democratic field fighting for the party’s nomination to challenge Republican President Donald Trump.

But the primary is hardly a lock for the native son.

In the unexpectedly close race against incumbent Republican Senator Ted Cruz that earned O’Rourke national prominence last year, he was the lone Democrat competing against a Republican figure reviled by Democrats nationally.

Now, O’Rourke, 46, faces a diverse slate of accomplished and well-funded rivals hunting for the same votes, especially among the state’s African-American and Hispanic communities.

“It’s a much different animal this time,” said Colin Strother, a Texas-based Democratic strategist who has worked on state and federal races but is unaffiliated with a 2020 presidential campaign.

“He’s going to have rivals who are women candidates, women of color, male candidates of color, policy experts. He can’t campaign on the nostalgia of nearly beating Ted Cruz.”

Texas is a big prize in the Democratic presidential nominating battle. The state is one of many holding primary votes on “Super Tuesday” on March 3. California moved its primary up to that date, giving more influence to minority voters in the country’s two most populous states than in recent election cycles.

There are a combined 82 delegates up for grabs in predominately white Iowa and New Hampshire, the first two states to vote, according to the Democratic National Committee, which oversees the nominating contest.

Texas and California have a combined 757. To become the nominee, a candidate must accumulate 1,885 delegates.

Democratic rival Kamala Harris, a U.S. senator from California and the daughter of immigrants from Jamaica and India, has made clear she intends to compete in Texas. Last week, her event at a historically black college in Houston drew a large crowd of blacks, Hispanics and whites.

Texas is also home to Julian Castro, another presidential contender who served as mayor of San Antonio. Castro, who i上海品茶工作室s Hispanic, has received support from three dozen elected and appointed Democrats from across Texas.

O’Rourke’s campaign did not respond to an email requesting comment about the Texas primary.

O’Rourke, who launched his White House campaign on March 14, returns to Texas after barnstorming early voting states including Iowa, New Hampshire, South Carolina and Nevada. He will hold rallies on Saturday in his hometown of El Paso, as well as Houston and Austin.

His campaign said more than 1,000 watch parties were being held across the country to view the events via livestream.

‘STILL FORMIDABLE’

Juan Carlos Huerta, professor of political science at Texas A&M University-Corpus Christi, said O’Rourke had an advantage in the Texas primary thanks to his statewide network and fundraising prowess.

O’Rourke smashed fundraising records as a Senate candidate and raised $6.1 million in the first 24 hours of his presidential campaign, the largest first-day haul of any announced candidate this year.

“He’s in a good position. He’s still formidable,” Huerta said.

Some Democratic strategists said O’Rourke did not campaign hard enough to win the support of minority voters in his last contest and would have to work to change the perception that he took them for granted.

Ernest Bromley, managing director of Pescador Public Strategies, a political messaging firm targeting Latinos, said O’Rourke had ground to make up after underperforming with Latino voters, particularly along the border with Mexico.

“He went to the large Hispanic counties, the border counties, and he would do these big rallies. And then he’d leave,” Bromley said, adding there was no sustained effort to turn out the Latino vote on Election Day.

“Last year, I think O’Rourke could have done much better with ethnic voters,” Bromley said. “The candidates that do focus on the ethnic vote in 2020 will do well in Texas. It’s going to be really interesting.”

Trump overrides advisers, backs funding for Special Olympics after…

WASHINGTON ( ) – U.S. President Donald Trump overrode his budget team and backed funding for the Special Olympics on Thursday after his proposed cuts to the athletic program drew heavy fire from both Republicans and Democrats.

Trump’s proposed budget for fiscal year 2020, which he released earlier this month, would have zeroed out funding for the Special Olympics, which has an allocation of $17.6 million this fiscal year.

There was no sign that Congress was going to agree to defund the popular Special Olympics program in spite of Trump’s proposal. He had sought to cut funding last year as well and lawmakers adde上海品茶会所d the funding back into the budget.

Education Secretary Betsy DeVos had struggled to defend the proposal in testimony to Congress and both Trump’s Republicans and opposition Democrats had denounced the move.

The Special Olympics is the world’s largest sports organization for children and adults with intellectual disabilities or physical disabilities.

Talking to reporters on the White House South Lawn, Trump said he had just heard about the controversy on Thursday morning.

“I’ve been to the Special Olympics, I think it’s incredible and I just authorized a funding,” Trump said. “I heard about it this morning. I have overridden my people. We’re funding the Special Olympics.”

(This story corrects amount in paragraph 2 to $17.6 million from $17.6 billion)

Democratic hopeful Harris raises $12 million, Buttigieg pulls in $7…

WASHINGTON ( ) – Candidates vying for the Democratic nomination to be U.S. president began on Monday to disclose how much cash they were able to raise in the first quarter of the year – an early test of their ability to organize and build support.

U.S. Senator Kamala Harris of California raised $12 million in the first three months of 2019, her campaign said late on Monday.

Pete Buttigieg, the mayor of South Bend, Indiana, who recently saw a bump in his standing in public opinion polls but is still considered a long-shot candidate, announced on Monday morning that he raised $7 million in the first quarter.

Other candidates in the race have yet to announce their fundraising numbers, but indications are that some White House hopefuls may post totals easily exceeding those of both Harris and Buttigieg.

When Beto O’Rourke, a former congressman from Texas, entered the race, he raised $6.1 million in a day. That followed U.S. Senator Bernie Sanders, who raised $5.9 million in his first day – and later disclosed he had raised $10 million in a week.

Candidates are required by law to track and report all campaign donations. Donations collected between Jan. 1 and March 31 must be disclosed by April 15. Candidates are limited to collecting $2,800 from a single donor during the primary process.

The deadline will also put a spotlight on those who have had difficulties raising money, including U.S. Senator Kirsten Gillibrand, who has struggled to gain any traction in the polls. Media outlets have reported that she has been less than successful in finding financial backing.

U.S. Senator Elizabeth Warren announced earlier this year that her campaign would not hold any formal fundraising events and instead rely solely on “small-dollar” donations, or contributions collected online.

With such a crowded field – more than 15 Democrats have announced they are running – fundraising abilities have become an early way to prove to donors and potential supporters that a candidate is viable.

Additionally, the Democratic National Committee has said a candidate must have raised money from 65,000 different donors in order to qualify for the first debate to be held上海品茶QQ on June 26 and 27.

U.S. judge to slash $80 million Roundup jury verdict: court hearing

( ) – A U.S. judge on Tuesday said he would reduce an $80 million damage award against Bayer AG (BAYGn.DE) to $50 million or less in the case of a man who blamed his cancer on glyphosate-based weed killer Roundup.

U.S. District Judge Vince Chhabria in San Francisco said the jury’s $75 million punitive damages award to plaintiff Edwin Hardeman in March could not stand.

“It’s quite clear that under the Constitution I’m required to reduce the punitive damages award and it’s just a question of how much,” Chhabria said during a court hearing in which lawyers for both sides discussed the company’s request to overturn the verdict. Chhabria said he would issue a ruling by the end of next week.

Following a four-week trial, a federal jury on March 27 awarded $5 million in compensatory and $75 million in punitive damages to Hardeman, who was diagnosed with non-Hodgkin’s lymphoma in 2014.

U.S. Supreme Court rulings limit the ratio of punitive to compensatory damages to 9 to 1.

Chhabria said he was also considering reducing the compensatory damages award because Hardeman was now in full remission and unlikely to suffer as much as he had in the past.

Bayer, which bought Roundup maker Monsanto for $63 billion last year, says Roundup and its active ingredient glyphosate are safe for human use and not carcinogenic.

The company faces lawsuits by more than 13,400 plaintiffs nationwide and a series of Roundup jury verdicts against Bayer have prompted its share price to plummet. Under pressure from activist shareholders, Bayer on Wednesday said it set up a committee to help resolve the litigation and hired an external lawyer to advise its supervisory board.

Bayer had asked Chhabria to completely reverse the jury verdict in Hardeman’s case in light of scientific evidence and assessments by regulators finding glyphosate to be safe.

Brian Stekloff, a lawyer for Bayer, on Tuesday said Monsanto went “above and beyond” to meet regulatory requirements, warranting a complete reversal of the punitive damages award.

But Chhabria disagreed, saying jurors had seen sufficient evidence that M上海品茶QQonsanto did not care whether its products cause cancer, instead focusing on undermining people who were raising concerns.

“There was nothing suggesting that anybody at Monsanto viewed this issue objectively or with any consideration for the life of human people,” the judge said.

Calls of ‘shame’ as Wisconsin Republicans aim to curb incoming…

MILWAUKEE ( ) – Protesters chanting “Shame!” disrupted a tree-lighting ceremony and a legislative session at the Wisconsin state capitol on Tuesday as Republican lawmakers moved toward a vote on bills to weaken the incoming Democratic governor and attorney general.

Wisconsin’s lame-duck Republican-majority legislature called a rare post-election session this week to consider the proposals before Governor-elect Tony Evers takes office in January and can exercise his veto power. 上海品茶工作室

Democrats say the moves undercut the results of Nov. 6 elections, when their party broke years of total Republican control of state government in Wisconsin.

A similar effort is underway in Michigan, where the Republican-controlled legislature is weighing new laws that would hamstring incoming Democrats.

Lawmakers discussed the legislation behind closed doors for nearly four hours on Tuesday evening before coming back into session at about 9:30 p.m. local time. Republicans are expected to pass the legislation later on Tuesday or early on Wednesday.

Earlier in the day, dozens of protesters disrupted a Christmas tree-lighting ceremony presided over by Republican Governor Scott Walker, drowning out a high school choir and prompting Walker to tweet, “I can handle the shouts but leave the kids alone.”

Soon after the state Senate took the floor in the afternoon, President Roger Roth ordered the gallery cleared of onlookers after catcalls from the public, drawing yells from Democratic lawmakers and jeers from protesters. Roth later allowed people to return after admonishing them to remain silent.

The proposals being considered would give the state legislature, which will remain in Republican hands, the power to intervene in litigation involving the state, a role normally reserved for the attorney general, and curtail the governor’s ability to issue rules that codify state laws.

The bills would also allow legislators, rather than the attorney general, to decide whether to withdraw the state from lawsuits. That measure is aimed at preventing Evers and the incoming attorney general, Josh Kaul, from following through on campaign promises to end Wisconsin’s challenge to the federal Affordable Care Act, popularly known as Obamacare.

In Michigan, Republicans want to end the secretary of state’s oversight of campaign finance laws and sidestep the attorney general in litigation.

The Democratic leader in the Senate, Jennifer Shilling, accused Republicans of “stealing” power from Evers, who has threatened legal action.

Republicans say the moves are aimed at keeping a proper balance between the legislative and executive branches.

The efforts are reminiscent of lame-duck maneuvers that North Carolina Republicans took in 2016 to strip the incoming Democratic governor, Roy Cooper, of the power to appoint a majority of members to a state election-oversight board.

A court later blocked the move as unconstitutional.

This year, Republicans in North Carolina are rushing to pass a new voter identification law before they lose their veto-proof majority in January.