Australia warns of looming health crisis as coronavirus cases jump

first_imgAndrews said a 500-strong squad of Victorian police were checking on thousands of people who have returned from overseas to make sure they are obeying isolation orders.Around half of the country’s cases are in the neighbouring state of New South Wales, the country’s most populous, and include a two-month old boy and a seven-year old girl.The majority of the eight deaths nationally were also in New South Wales, including an elderly passenger from the Ruby Princess, a cruise ship that docked in Sydney last week.The Carnival Corp vessel has become the biggest single source of infections in Australia, a situation that has led to public anger.In a chain of events described by New South Wales state Police Minister David Elliott as a “monumental stuff-up”, about 2,700 passengers were allowed to leave the ship when it docked in Sydney on March 19 despite many showing signs of illness.Federal government officials on Wednesday said NSW officials were responsible for the blunder, determining the ship was “low risk.”Australian Border Force Commissioner Michael Outram, speaking in Canberra, said the health departments of respective states and territories were responsible for human biosecurity-related matters.Coordination and health checks will be stepped up following the event, he said.The national cabinet formed to respond to the crisis will meet again on Wednesday for the third time this week.Topics : “These are very difficult changes that we’re asking Australians to make,” Morrison said in a televised media conference.As Australian case numbers surged past 2,250, Victoria state premier Daniel Andrews said if the same long queues appearing outside offices of the main welfare agency, Centrelink, started occurring at hospitals, there would be fatal consequences.”If this gets away from us, our health system will be overrun and people won’t just be queuing for Centrelink payments, they’ll be queuing for heart, lung machines and ventilators and intensive care beds and we know what that means – you cannot queue for intensive care,” Andrews said in Melbourne.Australian leaders have become increasingly frustrated with breaches of social distancing measures that saw thousands flock to beaches and pubs in recent days before new restrictions were implemented. Australian officials warned that an accelerating number of coronavirus infections could start overwhelming the country’s intensive care units, as stricter social distancing measures came into force on Wednesday.Prime Minister Scott Morrison announced new curbs late on Tuesday that will close more non-essential businesses, pushing the country closer to the stricter lockdown measures imposed in parts of Europe.The latest restrictions limit the number of people attending a wedding to five – the couple, the celebrant and two witnesses – while funerals will be limited to 10 guests.last_img read more

Japan’s GPIF strengthens manager performance link in new fee structure

first_imgSource: Government Pension Investment FundThe carryover mechanism In the first year of the new fee structure being in operation, GPIF will pay 45% of the performance-based fee to the asset manager and carry over the remainder. From the second year onwards, the fees paid and retained will be a proportion of the sum of the performance-based fee for that year and the carryover from the year before.In connection with the long-term fee structure, GPIF promised to commit to “multi-year” contracts for its asset managers. The pension fund said it recognised that if asset managers were going to be under pressure to deliver good investment performance, it was in the pension fund’s interests to commit to “lengthy” contract periods to enable managers to meet their targets over the medium to long term.Such an arrangement was unprecedented for the management of traditional assets such as bonds and equities, according to the GPIF.The full report detailing GPIF’s new fee structure is available on its website .Addressing poor performance The backdrop to the changes was poor performance by the pension fund’s active asset managers, GPIF said.Around 20% of GPIF’s assets are actively managed, but during the 2014-16 period only a few funds had outperformed their targets.The asset owner recognised it could become better at selecting funds and that it was working hard to increase sophistication in this area, but said its fee structure also had a part to play.The GPIF’s current model – fixed annual charges with partial performance-based fees – meant asset managers were paid “considerable sums regardless of their investment performance”, the pension fund said.“They therefore have little incentive to set target excess return rates appropriately, to be innovative in seeking excess returns, and to control their management capacity, so a resolution of this issue was regarded as being far off,” said the GPIF.The performance fee The world’s largest pension fund is introducing a new performance-based fee structure in a bid to strengthen the alignment of interest with its active asset managers.Japan’s ¥163trn (€1.2trn) Global Pension Investment Fund (GPIF) has “drastically” cut the base fee rate to the same level as institutional passive accounts. It has also scrapped a cap on performance-based fees.GPIF has also introduced a “carryover mechanism” to its fee structure, designed to promote long-term investment (see illustration, below).Under this mechanism, the pension fund will hold back a portion of the performance-based fees calculated each year “to ensure that the amount of fees is linked with medium- to long-term investment performance”.center_img Source: Government Pension Investment Fundlast_img read more

Joe Aribo: Putting His Money Where His Heart Is

first_imgWhen he chose to don the colours of his fatherland- Nigeria – as against the land of his birth – Britain – he seems to know what he stands to prove. In his first game against Ukraine in an international friendly in September, Joe Aribo put up a Man-of-the-Match performance to launch his international career. And if that was not convincing enough, his show in the high profile encounter against five-times world champions, Brazil, left no one in doubt about the makeup of the Glasgow Rangers midfielderJoe Aribo has proved to be a brilliant signing with Steven Gerrard’s Scottish Premiership leaders Rangers, after the Gers paid a paltry sum of £300,000 to Charlton Athletic to sign the 32-year-old and he has carried his scintillating club form into the international sphere for Nigeria, scoring on his debut against Ukraine while also grabbing another cracking goal against the Sëleçao last Sunday.The Rangers midfielder was a major doubt before the encounter with Brazil after he suffered a head injury in a League Cup win over Livingston, culminating Gerrard to confirm Aribo will miss few games for Rangers. With reports saying the youngster would require about 20 stitches after a rough challenge by Livingston’s Rickie Lamie. “I will be very surprised if we see Aribo play before the international break,” the Rangers boss said. “It is his first time out of London and he has settled very well. This will be a setback but knowing him he will bounce back, he didn’t even want to come off yesterday which shows his mentality,” Gerrard had said.He however recovered on time and brushed the injury aside to star for Nigeria against Brazil.Indeed former Nigerian international, Victor Ikpeba was left blown away by Rangers star after he danced through the Brazil defence to score a wonderful individual goal during a friendly clash this week.The defensive duo of Thiago Silva and Marquinhos watched helplessly as Aribo waltzed through their tackles and power his way before calmly rolling the ball past Ederson Moraesin a moment of sheer class.“Credit to Aribo for the sublime goal he scored against the five-time world champions. He’s such a wonderful player and I am delighted to see him play quality football for Nigeria. Joe Aribo is an exceptional player and he has shown the coach Gernot Rohr that he is ready to claim a regular shirt,” said Ikpeba.Super Eagles Team Manager, Gernot Rohr indeed revealed that the fitness and speed of the player touted to be installed as Mikel Obi’s replacement are his best attributes he brings for the young squad at his disposal.“We have a very young team, younger than what we had at AFCON. Joe Aribo is one of the players bringing his fitness and speed into the team. His left foot is technically interesting for us in the midfield,” Rohr said.Aribo announced himself to the world stage by scoring the first goal in the 4th minute with a simple tap-in via an Alex Iwobi’s cut back and went on to deliver a man of the match performance that left a number of fans drooling as Nigeria ironed out a 2-2 draw with hosts Ukraine at the Dnipro Arena last month.Though fans had been warned before the game to expect some fireworks from the Glasgow Rangers midfielder not many reckon they would be forced, on watching Aribo, to reminisce about the good old Austin Okocha days.Aribo earned his first call-up in September after his impressive start to 2019-20 at Ibrox under Gerrard, and it’s safe to say his summer move from Charlton Athletic is starting to pay dividends.Though Aribo wasn’t expected to walk into the Super Eagles’ starting 11, though, with Leicester City’s Wilfried Ndidi and Stoke City’s Peter Etebo the favoured and long-term defensive midfield pairing the Rangers man has surely given Rohr a selection headache following a wonderful debut and his scintillating performance against Brazil.Aribo decided to wear the colours of Nigeria even though he was eligible to play for his country of birth, England.‘’I am really happy to have got this call-up to Nigeria and I just want to make the most of it and play as long as possible and just do what I can for the team and make sure that we continue being the best that we can be,’’ Aribo has said before the game against Ukraine.Aribo described himself as a midfielder with offensive and defensive qualities.‘’I am a central midfielder and I like to get in and around the box. I can defend and I can attack,’’ he said.Speaking before the Ukraine encounter, he said he was ready to seize his chance and put on a show for Nigerian fans and prove his worth to coach Rohr and that was exactly what he did.English-born Aribo joined Rangers from Charlton Athletic in England, having also previously turned out for Staines Town in non-league football.He already has four goals in 12 games for Rangers this year after making an excellent start to the new campaign that has seen him rewarded with a call-up.Aribo has also proved his manager at Chalton Athletic, Lee Bowyer wrong having believed the midfielder made a wrong decision to leave English football for a less competitive Scottish league, but the coach is now backing him to become world-class in nearest future.“Lee Bowyer insisted he made the wrong move for his career by joining Rangers but Aribo is quickly proving the Charlton boss wrong.“He’s scored big goals in the Europa League and earned his first two caps for Nigeria, grabbing two goals. The latest over the weekend was against Brazil but his performances for Rangers have been equally impressive.“Minus a huge blip against Celtic when he played wide left, his unorthodox style of play has been successful. Able to hold onto possession in the tightest of spaces and with an eye for goal as well he has fast become a fans’ favourite.“He’s still young and developing his game but he’s clearly going to be a big player for Rangers,” reads a report in dailyrecord.co.uk.He also joined the likes of Teslim Balogun, Brian Idowu, Julius Aghahowa, Finidi George, Victor Agali and Obafemi Martins as Nigerians to have scored on their international debut after the Rangers midfielder scored the Super Eagles’ first goal in friendly with Ukraine.Having not only scored but had been enterprising in the two games he had played for Nigeria, Aribo has surely warmed himself into the hearts of Nigeria soccer fans and indeed Super Eagles German-born Manager.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

Sky Betting and Gaming invests £3 million in Data Tribe boost

first_img StumbleUpon William Hill closes Stockholm Gametek office July 1, 2020 Yorkshire appoints Richard Flint as a ‘Welcome Advisor’ March 9, 2020 Share Related Articles Submit Share Sky Betting and Gaming has demonstrated its emphasis on the innovative use of data by investing £3 million in 34 new roles within its Leeds-based Data Tribe.The company will appoint a new Head of Data, Head of Tech, Head of Marketing Tech, two Group Platform managers, two Marketing Technology Product Owners, four technologist roles, 10 Customer Relationship Management roles and a new marketing team to support a further 13 technologist roles.The digital sector is set to be a main driver in the economic growth of Leeds and the Northern Powerhouse, supporting the creation of an estimated 800,000 new jobs UK-wide by 2050. There are currently an estimated 24,000 digital jobs in Leeds in a sector worth £688 million, with a growing number of those roles focused on data science.Rik Barker, Director of Gaming Technology at Sky Betting and Gaming, said: “The need to use data in new and innovative ways is growing exponentially and Leeds has considerable expertise in these areas.“Our investment in these new roles demonstrates our continued ambition to be leaders in the field, as well as allowing us to push further into some really exciting developments around propensity modelling, streaming and real-time decisioning that will give our customers even greater experiences across all our products.” GambleAware donations top £10m for 2019/20 April 21, 2020last_img read more