Update on the latest in sports:

first_img May 13, 2020 NFL-CARDINALS-PETERSONTEMPE, Ariz. (AP) — The Arizona Cardinals have re-signed cornerback Kevin Peterson to a one-year contract.The 26-year-old Peterson played in 14 games last season and started three.He was pushed into a bigger role because of Patrick Peterson’s six-game suspension and Robert Alford’s season-ending injury. He had 16 tackles, two passes defended and six special teams tackles after joining the team off waivers from the Rams in September.In other NFL news: Update on the latest in sports: Share This StoryFacebookTwitteremailPrintLinkedinRedditVIRUS OUTBREAK-BASEBALLAP source: No MLB economic plan in 1st session with playersNEW YORK (AP) — As Major League Baseball made an opening presentation to the players’ union Tuesday on terms to start the coronavirus-delayed season. A person familiar with the discussion told The Associated Press that MLB did not make an economic proposal during its opening presentation. The meeting lasted between three and four hours. An agreement with the players’ association is needed to play ball.Baseball owners gave their go-ahead to their proposal on Monday, a plan that could lead to the coronavirus-delayed season starting around the Fourth of July weekend in ballparks without fans.Players agreed March 26 to a deal in which they would be paid a prorated share of salaries based on the portion of the 162-game schedule that is played. As part of the deal, if no games are played they would receive service time for 2020 matching what they earned last year. Players are more interested in medical protocols and testing designed to protect them from and detect the new coronavirus.Illinois Gov. J.B. Pritzker criticized major leaguers for not being willing to cut pay further. A member of the family that controls Hyatt hotels, Pritzker’s net worth has been estimated by Forbes at $3.4 billion.VIRUS OUTBREAK-NBA In other virus outbreak-sports news:—Arizona Gov. Doug Ducey has opened the door for professional sports to return to the state. Ducey said on Tuesday that professional sports, including MLB, NBA, NHL and NFL can resume without fans on Saturday. The state is slowly starting to reopen during the ongoing coronavirus pandemic.—As Pac-12 football coaches pitched an NCAA-mandated uniform start to the season, some of the latest plans to fight the coronavirus in California further muddled how college teams will return to play in the West. Washington coach Jimmy Lake said Tuesday in a video conference with reporters that he would prefer for all major college teams to begin six weeks of preparation for the season at the same time.— The club that hosts the Wimbledon tennis tournament says it has made donations worth about $1.5 million to emergency services and charities amid the coronavirus pandemic. The All England Club says it has also made contributions to a relief program to support players whose income is affected by the virus outbreak. This year’s grass-court Grand Slam event was canceled on April 1. It is the first time Wimbledon has been shelved since World War II.— The NCAA has canceled both sessions of the NCAA Basketball Academy in July because of the COVID-19 pandemic. The sessions were scheduled for July 20-26 at Utah, Winthrop, Wichita State and Connecticut. Up to 1,600 players from the high school graduating classes between 2021 and 2023 were to be selected to the academy, with up to 400 assigned to each region during the two sessions. — USA Gymnastics will not hold any top-tier events the rest of this year. The organization announced Tuesday it is scrapping the U.S. Classic and the national championships because of the COVID-19 pandemic. The organization had initially hoped to reschedule the events for later in 2020 after Tokyo Olympics were pushed back to the summer of 2021.— On the day they were supposed to hold a parade to mark their 2019 WNBA championship, the Washington Mystics have revealed plans for what the team is billing as a “virtual celebration.” The Mystics originally planned to take to the streets of the nation’s capital on Tuesday, but that was scrapped because of the coronavirus pandemic.— The Diamond League event in London is the latest track meet to be canceled because of the coronavirus pandemic. The meet had been scheduled for July 4-5 at the Olympic Stadium. British Athletics says, “the decision has been made in light of the ongoing global pandemic.”—London Mayor Sadiq Khan says he believes it is too early for the Premier League to be planning a resumption of the season amid the coronavirus pandemic. Premier League clubs Arsenal, Chelsea, Crystal Palace, Tottenham and West Ham all play in the capital. The mayor’s office says the league should resume only “when it is safe to do so.”— Swedish soccer players will not be required to take a test for COVID-19 before practice sessions or matches. Players will instead have to fill in a self-assessment form each morning before arriving at training or a match. The club doctor will then assess whether the player is healthy enough to take part. Players must stay at home if they have any symptoms. Women’s golf starts up in South Korea — without fansSEOUL, South Korea (AP) — The South Korean women’s golf tour is starting up again with the KLPGA Championship opening on Thursday, an event that will be played without fans on the course.Women’s golf in South Korea joins Korea’s professional baseball and soccer leagues, which have already restarted in the wake of the coronavirus pandemic.The tournament at the Lakewood Country Club located east of the capital Seoul was originally schedule for April 30 through May 3.Organizers said social distancing will be practiced by players and tournament officials. Players will also have hand sanitizers available. It was not clear if players would take coronavirus tests. Associated Press center_img AP Source: Poll of NBA players shows desire to play, if safeMIAMI (AP) — A person familiar with the results of poll of NBA players taken by their union says there would be “overwhelming” support for any plan that has this season resuming in a safe way amid the coronavirus pandemic.The poll conducted by the National Basketball Players Association was informal but gave a clear sense that players would like to not only get to the playoffs but also resume at least some of the regular season, according to the person who shared details with The Associated Press on Tuesday on condition of anonymity because it was not to be detailed publicly.The NBA suspended its season on March 11 with 259 regular season games remaining. Players have been paid in full on each of the four paydays that have followed, though that will change Friday when most of the league sees a 25% reduction in their paycheck.Players stand to lose roughly $850 million in gross salary if the regular season is not resumed and the NBA exercises its right to withhold roughly 1.08% of each player’s salary for any game that is ultimately canceled. —Offensive lineman Danny Pinter has become the first of Indianapolis’ nine draft picks to sign his rookie contract. The 6-foot-4, 306-pound Ball State alum was selected in the fifth round last month, No. 149 overall. Pinter played high school and college football in Indiana and now will have a chance to play in the NFL with his home-state team. Pinter signed a four-year deal worth roughly $3.6 million. NHL-COYOTES-COHEN OUTAP Source: Coyotes president Cohen no longer with teamGLENDALE, Ariz. (AP) — Arizona Coyotes president and CEO Ahron Cohen is no longer with the organization.That word from a person familiar with the move, who spoke to The Associated Press Tuesday on condition of anonymity because no formal announcement has been made. No other details were provided. The 150-player field is topped by Park Sung-hyun, Kim Sei-young and defending champion Choi Hye-jin.REAL MADRID-CONGOFormer Madrid player questioned in drug-trafficking raidMADRID (AP) — Former Real (RAY’-al) Madrid forward Edwin Congo has been interrogated by police conducting a drug-trafficking operation in Spain.Congo, who is Colombian, told the “El Chiringuito” television show late Tuesday he was asked to accompany officers to a police station for interrogation and was later allowed to return home. MLB-VIRUS OUTBREAK-MARINERSMariners say some on staff taking 20% pay cutsSEATTLE (AP) — The Seattle Mariners have informed its personnel working under uniform employee contracts that certain employees will have a five-month reduction in pay, but there will be no furloughs or layoffs through Oct. 31.The pay reductions of at least 20% are for staff making $60,000 or more. The UEC covers employees on the major league coaching staff, coaches and coordinators in the minor league system, scouts and performance coaches. Those with larger salaries are expected to take a cut more significant than 20%. UEC employees will receive full benefits through October.Approximately half of its employees working under a UEC will not have any reduction in pay. The team had previously told employees working under the UEC that they would receive full pay through May 31. Cohen has been with the Coyotes since being hired in 2015 as chief operating officer and chief legal officer by previous owner Andrew Barroway. Cohen was named president and CEO in 2017 after Steve Patterson stepped back to serve as a consultant and adviser after a year on the job.Alex Meruelo purchased a 95% stake in the team less than a year ago and signed general manager John Chayka to a long-term contract extension early in the 2019-20 season.The Coyotes were still in contention for a Western Conference playoff spot when the NHL season was put on hold due to the coronavirus pandemic.Cohen practiced as a corporate attorney in Phoenix before joining the Coyotes.PURDUE-EASTERN TRANSFER Purdue’s top defender to enter basketball transfer portalWEST LAFAYETTE, Ind. (AP) — First, Nojel Eastern entered his name in the NBA draft. Now the rising senior has put his name into the NCAA’s transfer portal.Either way, it sounds as if the Purdue guard could become the second veteran in a month to leave the Boilermakers program after coach Matt Painter made the announcement Tuesday. Center Matt Haarms announced in April that he would play his final season at Brigham Young.As a junior, Eastern averaged 4.9 points, 4.0 rebounds and 2.7 assists while shooting just 42.0% from the field and 48.5% from the free-throw line. He will have one year of eligibility remaining.GOLF-SOUTH KOREA-WOMEN He denies any wrongdoing and say he entered the police station with his hands restrained as a “protocol.”Congo says he was questioned about his relationships with some of the people being investigated by police.,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6last_img read more

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Gaeltacht e-Hub pilot project launched by Education Minister

first_imgA new e-learning initiative has been launched which will enable Irish language students to access greater subject choices through virtual learning.Minister for Education and Skills, Joe McHugh T.D. launched the Gaeltacht Irish-medium e-Hub pilot project today at Gairmscoil Mhic Dhiarmada, Arranmore. He explained how the project involves online courses, taught through the medium of Irish by e-Teachers based in other Gaeltacht areas.Minister McHugh said: “This innovative digital project will provide Gaeltacht post-primary students with the opportunity to access online a greater range of subjects through the medium of Irish. “This three-year pilot project is based on comprehensive research completed on similar e-learning initiatives globally, where students supplement their existing curriculum with online courses, when those subjects are not available in their own school.“This digital project will greatly enhance the capacity of Gaeltacht post-primary schools to extend their curricular provision for Science, Technology, Engineering and Mathematics (STEM).”Planning for the pilot project commenced in two Gaeltacht post-primary schools from September 2018 – Coláiste na Coiribe in Galway and Pobalscoil Chorca Dhuibhne in Kerry. Almost 50 Transition Year students participated in a five-week Transition Year Physics Module through the medium of Irish where they gained first-hand experience of virtual learning.Following a tendering process, the consultancy firm H2 Learning is assisting the Gaeltacht Education Unit in the Department of Education and Skills in managing and co-ordinating this digital project. The Minister said, “I am very pleased to be here today to launch this exciting innovative project. This project demonstrates the important role which information and communications technology (ICT) can play in extending the range of curriculum subjects through the medium of Irish for Gaeltacht post-primary students, including those who attend island schools.”“I would like to congratulate all those involved in this project: officials of my Department, H2 Learning, the Professional Development Service for Teachers (PDST), An Chomhairle um Oideachas Gaeltachta agus Gaelscolaíochta (COGG), SciFest and in particular the students and teachers who are involved in the implementation of the project in schools. I wish all those who will participate in the online Leaving Certificate Physics Pilot Project from September 2019 every success and I trust that there will be a beneficial outcome for all students involved.”The online course will be taught by two Physics e-Teachers with experience in the teaching of Leaving Certificate Higher-Level Physics through the medium of Irish. The e-Teachers will be based in their own post-primary Gaeltacht schools and will teach students across a number of other post-primary schools in the Gaeltacht. Four schools have applied to participate from September.Students who are participating in the pilot project will be supported by e-Mentors in their own post-primary schools. E-mentors are members of the teaching staff with science or mathematics expertise who will support students during the lesson times.Feedback from those participating in the pilot Transition Year Physics module has been very positive, according to the Department of Education. Students and e-Mentors have reported that they have enjoyed and benefitted from the experience of learning at a distance in an interactive way during the Physics online lessons. This online Leaving Certificate Higher-Level Physics will be entirely through the medium of Irish. Additional support will be provided to participating post-primary schools to include a grant for digital equipment and additional hours for e-Mentors.Gaeltacht e-Hub pilot project launched by Education Minister was last modified: April 1st, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:educationGaeltacht Irish-medium e-Hub pilot projectMinister Joe McHughlast_img read more

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A’s-Rangers postponed due to rain, Marco Estrada pushed back

first_imgARLINGTON, Texas — Rain may have been the only factor standing in the way of Khris Davis hitting another home run.Thunderstorms in the Dallas area caused a postponement of the second game of a three-game series between the A’s and Texas Rangers Saturday night. The game will be made up June 8 as a traditional doubleheader with the A’s already scheduled to be in Texas that weekend for another three-game series.Davis will have to wait until Sunday afternoon to continue his tear at Globe Life …last_img read more

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Ohio 4-H member wins National Tractor Championship

first_imgShare Facebook Twitter Google + LinkedIn Pinterest Tanner Inkrott of Leipsic in Putnam County won the Tractor competition at the National Youth Engineering Challenge. The event was hosted by Purdue University, Sept. 27-29, at Lafayette, Ind. TheTanner Inkrott of Putnam County4-H competitors and parents participated in workshops at the Purdue College of Engineering, and toured a Caterpillar plant, which manufactures huge diesel engines.Tanner is a sophomore at Miller City High School where he is taking engineering prep classes and is in FFA. The Inkrott family (Fred and Rhonda) farms 250 acres of wheat, corn and soybeans, and they feed 200 beef cattle and a few hogs.Tanner has been driving tractors since he was eight years old. The farm has two Allis-Chalmers tractors and a couple of New Hollands. His driving skills paid off because with five components in the contest, he had the best scores in maneuvering a two-wheel trailer and a four-wheel wagon.last_img read more

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IneoQuest Technologies will use IBC to preview its

first_imgIneoQuest Technologies will use IBC to preview its new global cloud-based video service assurance solution.The company will also showcase its solutions for Multiscreen/OTT and hybrid video networks.From this month, IneoQuest will begin offering a new global cloud-based video service assurance solution that it says provides complete visibility into post-CDN video quality. According to IneoQuest, broadcasters, content providers, and service providers that rely on third-party CDNs for video delivery must monitor video quality to protect brand, understand business performance, and manage business partnerships. IneoQuest‘s cloud-based video service assurance solution is designed to allow them to monitor the video service quality of any programme, from any CDN, at any location worldwide.“We are very excited to launch our new cloud-based video service assurance solution at IBC this year,” said Calvin Harrison, chief operating officer of IneoQuest. “Given the challenges associated with delivering ABR video and the lack of visibility providers have when using one or more third-party CDNs, leveraging cloud-based video service assurance solutions is the key to obtaining an in-depth understanding and management of video deployments. To address this challenge, our new global monitoring solution leverages the cloud to provide clients instant access to monitor and assure video services wherever and whenever they want.”In addition to its global cloud-based video service assurance solution, IneoQuest will be highlighting its multiscreen and OTT video solutions that can audit, monitor and analyse adaptive video traffic.IneoQuest will also be featuring its solution for hybrid video networks that helps to give service providers a holistic view of both linear TV and adaptive streaming video networks.  With the integration of video analytics and service assurance across both Linear TV and adaptive video networks, IneoQuest provides a consolidated video operations centre system that is designed to provide a combined look into the health of hybrid video networks.IneoQuest will exhibit at IBC in Hall 13, room MS24last_img read more

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Virgin Media Television – formerly know asTV3 Grou

first_imgVirgin Media Television – formerly know asTV3 Group – is currently seeking submissions for a new post-watershed, six –part drama, for 2019/2020.The call for titles if part of an on-going drama initiative laid out by the company.Virgin is inviting entrants to explore contemporary themes, new visual styles and narratives, focusing on original, “noisy” ideas with a view to creating a returnable and “brand-defining” series.David BouchierThe company says this is an opportunity to mix established and new creative production techniques and talent. “The overall style and production values must strive for international standards and appeal,” it says.Virgin will invest in the series with the aid of local funding, grant initiatives and international partners. Companies submitting projects should have demonstrated raising such funds previously.The deadline for submission is August 31, 2018. Applicants can apply via Virgin’s commissioning site.The group is made up of free-to-air channels TV3, 3e and be3. Virgin is currently in the process of rebranding these channels to Virgin Media, 1, 2 and 3. Its VOD platform will be titled Virgin Media Player.It is not yet clear where the drama will be placed in Virgin’s media ecosystem.Virgin Media TV made its first commission at the end of 2016, a series of 15 comedy shorts filmed at the Edinburgh Fringe Fesitval. This was shortly after the hire of its first chief digital entertainment officer, David Bouchier.last_img read more

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Migrants and refugees do not bring disease and are at greater health

first_imgBy Dr. Ananya Mandal, MDJan 22 2019The irregular migrant refugees coming to European nations are often accused on bringing with them host of exotic communicable diseases that tend to spread among the host communities. The World Health Organization (WHO) this week has absolved the migrants of spreading disease in its first report that deals with this issue. Image Credit: WHO Dr. Zsuzsanna Jakab, WHO Regional Director for Europe in a statement says, “The refugees and migrants that come to Europe, they do not bring any exotic diseases with them – any exotic communicable diseases… The diseases that they might have there are all well-established diseases in Europe, and also we have very good prevention and control programmes for these diseases. This applies both for tuberculosis but also HIV/AIDS.”The report says that these beliefs of migrants bringing in infectious diseases are a myth. Dr. Jakab added, “International migrants make up about 10 per cent of the population in the European Region, that is about 90 million. Out of this, less than 7.4 per cent are refugees and in some of the European countries, citizens estimate that there are three or four times more migrants than there are in reality.”The report was formed on the basis of over 13,000 documents dealing with the health conditions of the migrants and refugees in and around the WHO European Region. There are a total of six such regions around the world. The European region includes 53 nations and a total population of around 920 million. International migrants make up over 50 percent in Andorra and Monaco and vary in rates to less than 2 percent in countries such as Albania, Bosnia Herzegovina, Poland and Romania. With rise of migration across the world, this report provides a cross sectional picture, say experts. The report points out migrants are at a greater risk of ill health compared to the host communities and populations. Diabetes – The WHO says that there is a “higher incidence, prevalence and mortality rate,” of diabetes among migrants especially among women. Cervical cancer rates are higher among migrants and it is “more likely to be diagnosed at an advanced stage,” write the authors of the report. This means that the victims are at a risk of “considerably worse health outcomes than those of the host population”. Mental health illnesses such as depression and anxiety also affect migrants more than host populations. Unaccompanied minors are more at risk says the report. They are also at risk of post-traumatic stress disorder. Sexual exploitation and slavery is common among unaccompanied minors leading to incidences of PTSD and depression later in their lives. Work related injuries and trauma is more common among young men migrants compared to men from host populations. Lack of access to health care, poor living conditions and poverty also raises the risk of infectious diseases among the migrants and refugees, the authors of the report add. The report adds that the major problem here is lack of access to health care. Dr. Jakab said, “I don’t think that in most of the countries the illegal migrants have access to the health system services. So that is an area where we have to do substantial additional work and conviction of the countries, because, the best way to protect their own population and the refugees is to give them access.” One of the 17 Sustainable Development Goals (SDGs) devised by the WHO for 2030 is to provide “rights-based healthcare systems” that meet the needs of refugees. At present for example, only 12 out of the 53 countries in the studied region have vaccination policies for the immigrants along with host populations. This includes UK, Italy, Greece and Uzbekistan.Dr Santino Severoni, the coordinator of public health and migration for WHO Europe in a statement said, “This report is a wonderful opportunity to diffuse false myths, misperceptions and negative narrative. Health is very politicised and used as a tool of fear, but this report has very solid facts and data that is coming from our member states.” Severoni added, “Countries tend to use costs as a justification of limiting or delaying healthcare access to newcomers or providing emergency access only. But this is not cost effective, early identification costs less than delaying until absolutely necessary hospital treatment.” Source:https://www.who.int/news-room/feature-stories/detail/10-things-to-know-about-the-health-of-refugees-and-migrants Image Credit: WHOThe data from the UN migration agency says that over 50,000 refugees and migrants have lost their lives in and around the Mediterranean since 2000. This new report from the WHO also adds that unaccompanied minors, teenagers, young men and women are most commonly at risk of “deceptive recruitment and modern slavery”. This practice gives way to serious mental and physical health impacts that not only affects the victims but also their families and communities, the report says. UN Department of Economic and Social Affairs states that there are 258 million migrants across the globe.Related StoriesApplication of machine learning methods to healthcare outcomes researchStudy: HIV patients continue treatments if health care providers are compassionateEven when HIV prevention drug is covered, other costs block treatmentSome of the examples of diseases that plague migrants according to the report include –last_img read more

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How we showed Homers Odyssey is not pure fiction with a little

first_img Citation: How we showed Homer’s Odyssey is not pure fiction, with a little help from Facebook (2018, September 4) retrieved 17 July 2019 from https://phys.org/news/2018-09-homer-odyssey-pure-fiction-facebook.html Like The Iliad, The Odyssey is a synthesis of the most relevant and ubiquitous oral stories and tales told by Homer’s civilisation. We developed a method of extracting the social information from the story based on the interactions of the characters with one another – this was quite an effort because in many cases, it’s not clear in the story who is talking to whom; we looked at various translations to make sure we weren’t being misled in our interpretations. Provided by The Conversation Credit: Michael Rosskothen The Odyssey’s cast of 342 – colours correspond to different cliques. Credit: Miranda/Baptista/Pinto From this we were able to identify a total of 342 characters with 1,747 connections between them, illustrated in the diagram below. We analysed this material using several tools derived from complex networks theory: statistical methods to produce data about the characteristics of the network, and insights about the tendency for people to form cliques that are fully connected. We also compared its characteristics to networks on Facebook. What we foundWe found substantial evidence of a “real-life” social structure in The Odyssey. Notably, the characters in each chapter or scene described in the poem’s 24 books corresponded almost precisely to cliques in real-life networks. It led us to wonder: did Homer have a profound understanding of networks, or did he copy key details about his characters and their interactions from elsewhere? To examine this more closely, we reran the analysis, this time excluding mythological characters like gods and monsters. The remaining network was even more similar to what you would expect in real life. On the other hand, we ran an analysis that excluded the human characters and kept the mythological ones, and were left with an entirely fictional network. The obvious conclusion is that The Odyssey is an amalgam of real and fictional characters. We also looked at to what extent certain characters in the story make connections in the way you would expect in the real world. Again, the networking of the mythological gods, heroes and beasts that form the story’s assembly of the gods was not in line with how people make contacts. For example, they tended to interact with an abnormally large number of characters in other communities – displaying the sort of omnipresence we might associate with a god. In contrast, the human characters in The Odyssey made connections in ways comparable to people on Facebook today. As is often the case in fiction, it seems that Homer was not just telling stories but reflecting events and characters that existed in ancient Greece. It underlines the historical importance of his writings, and also raises the possibility of using the same technique to evaluate other historical works. It is surely only a matter of time, for instance, before someone uses complex networks theory on the Bible. Explore furthercenter_img In fiction – the Marvel universe or Lord of the Rings, say – networks of people usually differ in certain ways to the real thing. People don’t only associate with similar people and have smaller numbers of associates, for example. And unlike real networks, you can remove people from the fictional equivalent without undermining the number of connections the remaining people are statistically likely to make. These differences raise an interesting possibility: testing works of fiction to see how far they deviate from reality. An English study in 2012 did exactly this with three classic texts – The Iliad, Beowulf and the Irish epic Táin Bó Cúailnge. The network of people in The Iliad, the oldest known work of Western fiction, came out as the most similar to real life. This backed up several archaeological papers that had found evidence that certain events in Homer’s landmark work, such as the Trojan War between Greece and Troy, actually happened in ancient times. In a new paper that we have published in collaboration with Pedro Miranda of the University of Ponta Grossa in Brazil, we used a similar approach to look at the society portrayed in Homer’s other classic poem, The Odyssey. Homer was a poet in ancient Greece in the eighth century BC. The Odyssey, which is partly a sequel to The Iliad, tells of an ingenious hero called Odysseus who has fought in the Trojan War. After his victory along with the Greeks, he is cursed by the gods due to his pride. He is forced to spend ten years of his life trying to return home, confronting a cast of monsters, witches, beasts and cannibals; and his own terrible sense of desolation. Physicists study the classics for hidden truths This article was originally published on The Conversation. Read the original article. When you look at networks of people, whether it’s architects or table tennis players or a regular bunch of Facebook friends, they will have certain similarities. They tend to confirm the “six degrees of separation” idea that most people are connected in a few very short steps. Each person tends to have large numbers of connections and to associate with people who are similar to them. The networks are also usually organised into hierarchies. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

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Mastercard tries to erase borders for smaller businesses

first_img This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Mastercard rolled out a digital trade platform Wednesday designed to make it easier for companies to do business around the world. The company’s Mastercard Track will, among other things, help businesses identify and assess potential international customers and suppliers, and manage global payments electronically. The database will include information on more than 150 million companies worldwide.Michael Froman, Mastercard’s vice chairman and president of strategic growth, says that global commerce is surprisingly inefficient and especially difficult for modest-sized companies to break into.”Small and medium-sized companies find the whole thing bewildering,” says Froman, who was U.S. trade representative in the Obama administration. They don’t know which suppliers to trust or which customers can be counted on to pay their bills. “You don’t know who you’re dealing with.”Mastercard developed Track in collaboration with Microsoft and is working with nine companies that supply business-to-business software. Explore further Citation: Mastercard tries to erase borders for smaller businesses (2018, September 12) retrieved 17 July 2019 from https://phys.org/news/2018-09-mastercard-unveils-digital-platform-small.htmlcenter_img In this June 15, 2017, file photo, a customer inserts a Mastercard credit card to pay for parking in Haverhill, Mass. Mastercard rolled out a digital trade platform Wednesday, Sept. 12, 2018, designed to make it easier for companies to do business around the world. (AP Photo/Elise Amendola, File) © 2018 The Associated Press. All rights reserved. MasterCard 3Q profit up 14 pct on higher card uselast_img read more

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Crisishit Nissan shakes up board keeps boss

first_imgJapanese car giant Nissan shook up its executive board Friday, adding a top director from partner Renault as it battles the fallout from the Carlos Ghosn saga and disappointing results. Citation: Crisis-hit Nissan shakes up board, keeps boss (2019, May 17) retrieved 17 July 2019 from https://phys.org/news/2019-05-crisis-hit-nissan-board-boss.html The firm will propose to shareholders a new board structure with 11 members, six of whom will be external, as Nissan attempts to improve corporate governance in the wake of former chairman Ghosn’s arrest for alleged financial misconduct.”With the lessons from the recent executive misconduct still fresh, Nissan resolves to rigorously pursue separation of supervisory and executive functions,” said the firm.Renault chief executive Thierry Bollore will join his colleague from the French firm, chairman Jean-Dominique Senard on the board, with the two partner firms are at odds on how close their ties should be.The appointment appears intended to calm tensions between the firms.A source close to the matter said Bollore’s appointment was a major concession from Nissan towards Renault “given that Nissan’s management has very little confidence” in the French executive.Bollore stood by Ghosn for a long time after his arrest, sparking anger at Nissan, whose internal investigation brought down its former boss.Another source said Senard “had pushed for this appointment but the Japanese refused at the beginning.”Senard has already been sitting on the Nissan board since he was elected to replace Ghosn at an extraordinary shareholders’ meeting in April.”For Renault, it’s about having someone on the board, next to Senard, who knows the story, a heavyweight who will share Senard’s views,” said the second source.’Differences of opinion’Nissan boss Hiroto Saikawa will keep his job despite mounting pressure on him to step down after a set of disastrous results, with net profits expected to plunge to a decade-low in the coming year.Several shareholders have called for Saikawa to be sacked before his term comes up for renewal in June but the former Ghosn protege has insisted he wants to stay on and guide the reforms he hopes will return Nissan to profitability.Keiko Ihara, a former racing driver who headed a group to suggest reforms to Nissan governance after the Ghosn arrest, admitted there had been “inappropriate conduct” and that “the top management should be held responsible.”But in the end, it was a “unanimous” decision to keep Saikawa in his job, Ihara said.The firm has been crippled by the reputational damage caused by the legal woes of former chairman Ghosn, who faces four formal charges of financial misconduct. He denies any wrongdoing.But analysts point to several problems for Nissan beyond Ghosn, including apparently declining relations with its French partner Renault and a dearth of new products.”At this time of radical transformation in the automotive industry, Nissan urgently needs to establish a highly effective governance structure to enhance business capabilities and achieve sustainable corporate value,” the company said in its statement.Saikawa has brushed off calls for his resignation, saying he wanted to launch a fresh start for the firm and would discuss the timing of his stepping down “at the appropriate time.”Nissan, Renault and Mitsubishi Motors make up an unusual three-way alliance that has grown to become the top-selling car group.Ghosn was the driving force between bringing the firms together and has since alleged that Nissan launched an investigation into him over fears he was hoping to merge the Japanese and French companies.Saikawa has admitted “differences of opinion” with Senard on the future make-up of the alliance, including the capital partnership between the two companies.Renault is pushing towards a merger of the two firms but Nissan executives are more sceptical. Nissan taps new Renault boss to replace Ghosn on board © 2019 AFPcenter_img This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Nissan hopes a shake-up of its management structure will turn around its fortunes Explore furtherlast_img read more

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