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Bank of Canada working group proposes CORRA enhancements

A jogger runs past the Bank of Canada building in Ottawa
A jogger runs past the Bank of Canada building in Ottawa, Ontario, Canada, July 11, 2018. REUTERS/Chris Wattie

February 26, 2019

TORONTO (Reuters) – A Bank of Canada working group proposes expanding the range of transactions used in the calculation of the Canadian Overnight Repo Rate Average (CORRA) interest-rate benchmark, according to a consultation paper published by the central bank on Tuesday.

The Canadian Alternative Reference Rate Working Group (CARR) has proposed that CORRA, a risk-free overnight rate based on transactions in the repo market, would be based on all overnight repo transactions that use Government of Canada bonds and treasury bills as collateral, the Bank of Canada said.

The consultation paper also introduces a new methodology for calculating CORRA. It recommends that an enhanced CORRA be based on the trimmed median repo rate of daily transactions used in the calculation.

The launch by CARR of two new working groups was also announced. The Transition Subgroup will focus on the transition toward the widespread use of CORRA as a reference rate in Canadian dollar financial products, while the Term Rate Subgroup will focus on the need for and the construction of a term risk-free rate benchmark.

CARR was launched in March 2018 by the Canadian Fixed-Income Forum to review and enhance CORRA and to consider the creation of a term risk-free Canadian dollar interest rate benchmark that is reliable and resilient to any market stress.

The creation of the benchmark, which would exist alongside the Canadian Dollar Offered Rate (CDOR), Canada’s version of LIBOR, echoes efforts in other countries to develop new risk-free or nearly risk-free reference rates.

(Reporting by Fergal Smith; editing by Jonathan Oatis)

Source: OANN

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NHL roundup: Crosby, Pens top Predators in shootout

NHL: Pittsburgh Penguins at Nashville Predators
Mar 21, 2019; Nashville, TN, USA; Pittsburgh Penguins center Sidney Crosby (87) celebrates with teammates after scoring the game winner in the shootout past Nashville Predators goaltender Pekka Rinne (35) at Bridgestone Arena. Mandatory Credit: Christopher Hanewinckel-USA TODAY Sports

March 22, 2019

Sidney Crosby scored the only goal of a shootout as the Pittsburgh Penguins snapped a three-game losing streak with a 2-1 win over the Nashville Predators, who had their three-game winning streak halted.

After Bryan Rust scored in the second period for Pittsburgh, Nashville’s Ryan Ellis tied it 1-1 with 3:01 left in regulation with an unassisted sharp-angle goal from the bottom of the right circle.

Penguins goalie Matt Murray stopped Ryan Johansen, Ellis and Brian Boyle in the shootout after he turned away 28 shots in regulation and overtime.

Nashville’s Pekka Rinne stopped Phil Kessel in the shootout and made 32 saves through regulation and overtime.

Golden Knights 5, Jets 0

William Karlsson had two goals and an assist, Reilly Smith scored two goals, and Malcolm Subban picked up the first shutout of his career as Vegas cruised past Winnipeg in Las Vegas.

Tomas Nosek also scored a goal, and Paul Stastny and Nick Holden each added two assists for Vegas, which won its fourth straight game and prevailed for the 10th time in its last 11 games. Subban, playing his third straight game in place of the injured Marc-Andre Fleury, finished with 20 saves.

Winnipeg goalie Laurent Brossoit allowed three goals on 18 shots before leaving early in the second period with a lower-body injury.

Blues 5, Red Wings 2

Fourth-liner Ivan Barbashev recorded his first career hat trick as host St. Louis skated to a victory over Detroit.

St. Louis native Patrick Maroon scored in his career-high fourth consecutive contest, Oskar Sundqvist also tallied and rookie Jordan Binnington finished with 20 saves as the Blues improved to 3-0-1 in their last four games. David Perron had an assist to extend his point streak to 17 games.

Thomas Vanek scored twice, and Jonathan Bernier turned aside 19 shots for the Red Wings, who have lost 13 of their past 16 (3-10-3).

Flames 5, Senators 1

Andrew Mangiapane netted his first career multi-point game with a goal and an assist, and host Calgary scored five unanswered goals en route to its second straight win, a rout of Ottawa.

Four other Calgary players collected two points, and Mike Smith made 18 saves for the Flames, who have won five of six and hold the top spot in the Western Conference.

Craig Anderson made 31 saves for the Senators, who have dropped two straight.

Lightning 6, Hurricanes 3

Tampa Bay scored four goals in the third period to emerge with the win at Raleigh, N.C.

Ryan Callahan tallied the go-ahead goal, and Brayden Point and Ryan McDonagh followed with goals. Steven Stamkos, Tyler Johnson and Anthony Cirelli scored earlier for the Lightning, who have a seven-game winning streak.

Nino Niederreiter, Dougie Hamilton and Jordan Staal scored for Carolina. Staal also had an assist.

Canadiens 4, Islanders 0

Carey Price made 28 saves as Montreal topped visiting New York, which was blanked for the second consecutive game.

Price collected his 31st win and fourth shutout of the season. Over his past five games, Price has a sparkling 1.21 goals-against average and .958 save percentage.

Joel Armia, Jonathan Drouin and Jordan Weal each had a goal and an assist, and Shea Weber also scored for the Canadiens.

Bruins 5, Devils 1

David Pastrnak collected an assist on the first goal of the game and scored the game-winner for Boston, which continued its late-season surge by prevailing at Newark, N.J.

Patrice Bergeron scored off Pastrnak’s feed late in the first period and added an empty-netter in the waning seconds of the game for the Bruins, who have won three straight following a three-game losing streak.

Danton Heinen also scored, David Backes added an insurance goal with 22 seconds left in the third, and Brad Marchand racked up three assists for Boston. Drew Stafford scored for New Jersey.

Oilers 4, Blue Jackets 1

Connor McDavid had a goal and an assist, both in the third period, as Edmonton rallied for a victory against visiting Columbus. Leon Draisaitl assisted on all three goals in the final period as the Oilers broke a 1-1 tie.

Kyle Brodziak, Zack Kassian and Ryan Nugent-Hopkins also scored for the Oilers, who had lost three of their previous four games. Mikko Koskinen made 18 saves.

David Savard scored the lone goal for the Blue Jackets, who have lost three straight (0-2-1). The Blue Jackets’ Joonas Korpisalo, starting in net because Sergei Bobrovsky was scratched with an undisclosed injury, stopped 18 of 22 shots.

Avalanche 3, Stars 1

Philipp Grubauer stopped 44 shots, Erik Johnson scored on his 31st birthday, and Colorado won at Dallas.

Tyson Barrie and Carl Soderberg also had goals, and Sam Girard had two assists for the Avalanche, who have won three in a row and moved into a tie with Arizona for the second Western Conference wild card. Tyler Seguin scored, and Ben Bishop had 29 saves for Dallas, which holds the West’s top wild-card spot.

Colorado sustained a potentially serious loss when second-leading scorer Mikko Rantanen left the game late in the third period holding his hip after a big check and did not return.

Kings 4, Sharks 2

Matt Roy scored his first NHL goal to start a third-period comeback, and Jonathan Quick made 23 saves as host Los Angeles beat San Jose.

With his team down 2-1 nearing the midway point of the third period, Roy fired a slap shot from the point that somehow went through a maze of players and a screened netminder to tie the game. Roy was playing his 16th NHL game.

Anze Kopitar’s 21st goal of the season a couple of minutes later became the game-winner, and Jeff Carter added an empty-net goal. The Sharks, who were without key forwards Joe Pavelski and Logan Couture plus defenseman Erik Karlsson, lost their fourth consecutive game.

Panthers 4, Coyotes 2

Jonathan Huberdeau had his third three-assist game of the season, and Roberto Luongo snapped a personal five-game losing streak as Florida defeated Arizona in Sunrise, Fla.

Huberdeau assisted on goals by Aleksander Barkov, Mike Hoffman and MacKenzie Weegar. Barkov added his second of the night into an empty net with 50 seconds left.

Michael Grabner and Brad Richardson were Arizona’s goal-scorers. Darcy Kuemper made 18 saves as the Coyotes lost their third straight game (0-2-1).

Flyers 3, Blackhawks 1

James van Riemsdyk scored the tiebreaking goal just before the midway point of the third period, and rookie Carter Hart made 40 saves as Philadelphia won at Chicago.

Sean Couturier added an empty-netter to tie his career high with 31 goals and also had an assist for Philadelphia, which lost three of four entering the contest but improved to 10-2-1 over the last 13 on the road.

The Blackhawks have dropped two in a row following a five-game winning streak.

–Field Level Media

Source: OANN

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Olympics: Sony wins Tokyo 2020 broadcast rights in India, subcontinent

Shadow of of Tokyo governor Yuriko Koike is seen on the logo of Tokyo 2020 Olympic games during the Olympic and Paralympic flag-raising ceremony at Tokyo Metropolitan Government Building in Tokyo
FILE PHOTO: A shadow of of Tokyo governor Yuriko Koike is seen on the logo of Tokyo 2020 Olympic games during the Olympic and Paralympic flag-raising ceremony at Tokyo Metropolitan Government Building in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai

March 14, 2019

MUMBAI (Reuters) – Sony Pictures Networks India (SPN) has won the broadcast rights in India and the subcontinent for next year’s Tokyo Olympics, the International Olympic Committee (IOC) said on Thursday.

SPN, owned by Sony Corp, was awarded the rights across all media platforms and will also broadcast the Winter Youth Olympic Games in Lausanne next year.

The Pyeongchang Winter Games were not broadcast on television channels in India and were only available on the IOC’s own Olympic channel and digital platforms.

India’s huge market is a major draw for sponsors and advertisers.

“As a dynamic sports and media market, India and the subcontinent is an important strategic region for Olympic broadcasting,” IOC President Thomas Bach said in a statement.

“The IOC is pleased to be working with Sony Pictures Networks India to collaborate together to bring the best coverage of Tokyo 2020 and the Youth Olympic Games to fans across the region…”

The IOC and SPN will also work together to create a permanent Olympic channel on Sony’s digital platform SonyLIV.

Besides broadcasting the NBA in India, SPN also had the rights for the 2018 FIFA World Cup in Russia.

They broadcast the Champions League, Spain’s La Liga and Italy’s Serie A while also owning cricket rights including Australia, England and South Africa.

“The Olympic Games is the largest and most prestigious international sports competition in the world with over 200 countries participating,” SPN Chief Executive N.P. Singh said.

“The addition of the Olympic Games Tokyo 2020 broadcast and digital rights complements our portfolio of International sports events and properties.”

(Reporting by Sudipto Ganguly; editing by Toby Davis)

Source: OANN

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Congressman Releases Lisa Page Private Testimony Transcripts

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Roger Stone Asks Judge To Dismiss Case, Wants Unredacted Copy Of Mueller Report

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British businesses stash cash as Brexit gloom deepens: Deloitte

FILE PHOTO: The financial district can be seen as a person runs in the sunshine on London's south bank
FILE PHOTO: The financial district can be seen as a person runs in the sunshine on London's south bank, Britain February 23, 2019. REUTERS/Henry Nicholls/File Photo

April 14, 2019

(Reuters) – A growing number of large British-based businesses are prioritizing cashflow, fearing a downturn, as their view of the long-term economic impact of Brexit has darkened to its most negative so far, accountancy firm Deloitte said on Monday.

Some 81 percent of chief financial officers surveyed expect Brexit to lead to a long-term deterioration in Britain’s business environment, the highest since the question was first asked at the time of June 2016’s referendum on leaving the European Union.

This was up from 78 percent at the end of last year in the quarterly survey of 89 companies, including 15 in the FTSE 100 and 33 in the FTSE 250 share index, plus smaller firms and subsidiaries of major foreign companies.

Deloitte carried out the survey between March 26 and April 7, just after it became certain Britain would not leave on the long-planned date of March 29, and before British Prime Minister Theresa May secured a delay of up to six months.

“Large businesses are clearly looking to protect themselves against risk by raising cash levels and bullet-proofing balance sheets,” David Sproul, Deloitte’s chief executive for northwest Europe, said.

Official data last month showed British business investment fell every quarter of 2018, the longest decline since the 2008/09 financial crisis.

Speaking on the sidelines of the International Monetary Fund’s spring meeting in Washington last week, Bank of England Governor Mark Carney said a chaotic Brexit remained one of the top three risks to the world economy.

Trade tensions between the United States and China and a slowing euro zone economy have also fueled fears of a global downturn.

Most large businesses now expect the BoE to keep interest rates on hold over the coming year.

The Deloitte survey showed the proportion of CFOs expecting one or more interest rate rises in the next 12 months dropped to 40 percent from 58 percent at the end of 2018.

Deloitte’s long-running gauge of corporate risk appetite remained close to lows last seen after 2016’s Brexit referendum and during the depths of the financial crisis, and more than half of firms said increasing cashflow was a priority, the highest proportion in nine years.

(Reporting by David Milliken; Editing by Alexander Smith)

Source: OANN

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With 737 MAX grounded, airlines face daily scheduling challenges

FILE PHOTO: Southwest Airlines Co. Boeing 737 MAX 8 aircraft at Midway International Airport in Chicago
FILE PHOTO: Southwest Airlines Co. Boeing 737 MAX 8 aircraft sit next to the maintenance area after landing at Midway International Airport in Chicago, Illinois, U.S., March 13, 2019. REUTERS/Kamil Kraczynski

March 20, 2019

By Tracy Rucinski and Allison Lampert

CHICAGO/MONTREAL (Reuters) – U.S. and Canadian airlines that fly the roughly 175-seat aircraft face a logistical challenge: which flights to cancel and which to cover with other planes following the global grounding of Boeing Co’s 737 MAX jets.

Southwest Airlines Co and American Airlines Group Inc, the two largest MAX operators in the United States, said they have bolstered their reservation and operations teams to figure out how to spread flight cancellations across their networks, not just on MAX flights.

American Airlines, for example, had most of its 24 MAX jets flying in and out of Miami, where load factors have been full during the Spring Break season.

“We can’t just cancel all of those flights, so the goal is to spread out the cancellations across our entire system to impact the least amount of customers,” American Airlines spokesman Ross Feinstein said.

This means that an American Airlines flight from Miami to the Caribbean initially scheduled on a 737 MAX may now fly on a 737-800 with a similar seat configuration, while that 737-800 flight is canceled.

“It’s a challenge to explain to customers who weren’t previously booked on a MAX why their flight is canceled,” Feinstein said.

The 737 MAX jets were grounded last week following two fatal crashes in the past five months, the causes of which are under investigation.

Southwest, the largest MAX operator in the world with 34 jets representing about 5 percent of its total fleet, is cancelling about 150 flights per day due to the grounding, but not all on MAX routes.

Southwest shares were down 2.3 percent on Wednesday and American shares fell 2.1 percent.

Steve West, Senior Director of Southwest’s Operations Control, said the company is trying to cancel flights five days in advance, while looking at issues such as weather that could free up jets, like last week’s snowstorm in Colorado.

Southwest and American were already grappling with a larger than normal number of out-of-service aircraft, further straining their fleets.

So far United Airlines, with 14 MAX aircraft, has not canceled any flights due to the grounding, but has had to put smaller aircraft on some routes and fly the larger 777 to places like Hawaii.

It is unclear how long the grounding will last. Deliveries are also on hold, meaning an additional hit to airlines due to receive more of the jets this year.

Boeing has over 5,000 orders for the MAX, which sold fast thanks to its higher fuel-efficiency and longer range. Now airlines face a dent to 2019 profits.

Calgary-based WestJet said it took steps prior to the MAX grounding to start protecting trans-border flights to sunny destinations that were previously scheduled to fly with the carrier’s 13 MAX planes.

Meanwhile, Air Canada said on Tuesday it would remove its 24 737 MAX aircraft from its schedule until at least July 1, 2019.

“It is easier to put the aircraft back in the schedule than to pull it out,” said a source familiar with the carrier’s thinking, who is not allowed to publicly discuss its strategy.

(GRAPHIC-Boeing 737 MAX deliveries in question link: https://tmsnrt.rs/2Hv2btC).

(Reporting by Tracy Rucinski; Editing by Nick Zieminski)

Source: OANN

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FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture
FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration picture, March 30, 2019. REUTERS/Dado Ruvic

April 26, 2019

By Charlotte Greenfield

WELLINGTON (Reuters) – China’s Huawei Technologies said Britain’s decision to allow the firm a restricted role in building parts of its next-generation telecoms network was the kind of solution it was hoping for in New Zealand, where it has been blocked from 5G plans.

Britain will ban Huawei from all core parts of 5G network but give it some access to non-core parts, sources have told Reuters, as it seeks a middle way in a bitter U.S.-China dispute stemming from American allegations that Huawei’s equipment could be used by Beijing for espionage.

Washington has also urged its allies to ban Huawei from building 5G networks, even as the Chinese company, the world’s top producer of telecoms equipment, has repeatedly said the spying concerns are unfounded.

In New Zealand, a member of the Five Eyes intelligence sharing network that includes the United States, the Government Communications Security Bureau (GCSB) in November turned down an initial request from local telecommunication firm Spark to include Huawei equipment in its 5G network, but later gave the operator options to mitigate national security concerns.

“The proposed solution in the UK to restrict Huawei from bidding for the core is exactly the type of solution we have been looking at in New Zealand,” Andrew Bowater, deputy CEO of Huawei’s New Zealand arm, said in an emailed statement.

Spark said it has noted the developments in Britain and would raise it with the GCSB.

The reports “suggest the UK is following other European jurisdictions in taking a considered and balanced approach to managing supplier-related security risks in 5G”, Andrew Pirie, Spark’s corporate relations lead, said in an email.

“Our discussions with the GCSB are ongoing and we expect that the UK developments will be a further item of discussion between us,” Pirie added.

New Zealand’s minister for intelligence services, Andrew Little, did not immediately respond to a request for comment.

British culture minister Jeremy Wright said on Thursday that he would report to parliament the conclusions of a government review of the 5G supply chain once they had been taken.

He added that the disclosure of confidential discussions on the role of Huawei was “unacceptable” and that he could not rule out a criminal investigation into the leak.

The decisions by Britain and Germany to use Huawei gear in non-core parts of 5G network makes it harder to prove Huawei should be kept out of New Zealand telecommunication networks, said Syed Faraz Hasan, an expert in communication engineering and networks at New Zealand’s Massey University

He pointed out Huawei gear was already part of the non-core 4G networks that 5G infrastructure would be built on.

“Unless there is a convincing argument against the Huawei devices … it is difficult to keep them away,” Hasan said.

(Reporting by Charlotte Greenfield; Editing by Himani Sarkar)

Source: OANN

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FILE PHOTO: The logo commodities trader Glencore is pictured in Baar
FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann

April 26, 2019

(Reuters) – Glencore shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”.

Shares of the FTSE 100 company fell as much as 4.2 percent in early deals, and were down 3.5 percent at 310.25 pence by 0728 GMT.

On Thursday, Glencore said the U.S. Commodity Futures Trading Commission is investigating whether the company and its units have violated some provisions of the Commodity ExchangeAct and/or CFTC Regulations.

(Reporting by Muvija M in Bengaluru)

Source: OANN

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Well, Joe Biden didn’t exactly clear the field.

I don’t think it matters much that Biden waited until yesterday to become the 20th Democrat vying for the nomination, even though it exposed him to weeks of attacks while he seemed to be dithering on the sidelines.

A much greater warning sign, in my view, is the largely negative tone surrounding his debut. He is, after all, a former vice president, highly praised by Barack Obama, who has consistently led in the early primary polls, and beating President Trump in head-to-head matchups. Yet much of the press is acting like he’s an old codger and it’s just a matter of time before he keels over politically.

This is all the more remarkable in light of the fact that the vast majority of journalists and pundits know and like Joe Biden and his gregarious personality.

The reason is that Biden, after a half-century in politics, lacks excitement, and the press is magnetically attracted to novel and unorthodox types like Beto and Mayor Pete. You don’t see Biden on the cover of Vanity Fair, and a grind-it-out win by a conventional warrior doesn’t set journalistic hearts racing.

JOE BIDEN ANNOUNCES 2020 PRESIDENTIAL BID: 3 THINGS TO KNOW ABOUT THE FORMER VICE PRESIDENT

For many in the media, Biden isn’t liberal enough, at least not for the post-Obama era. He doesn’t promise free college and free health care and has a history of working with Republicans, such as John McCain (whose daughter Meghan loves him, and Biden will hit “The View” today.)

What’s more, Biden’s campaign style — speak at rallies, rack up union endorsements — seems hopelessly old-fashioned when we measure popularity by Instagram followers. News outlets are predicting he’ll have trouble getting in the online fundraising game, leaving him reliant on big donors, which used to be standard practice.

And then there’s the age thing. Biden would be the oldest president to be inaugurated, at 78, and he looked a step slow in encounters with reporters yesterday and a few weeks ago.

But what if the journalists are in something of a Twitter bubble, and the actual Democratic Party is much more moderate? We saw that with the spate of allegations by women of unwanted touching, which dominated news coverage until polls showed that most Dem voters weren’t concerned. In that wider world, the Scranton guy’s connection to white, working-class voters could help him against Trump in the industrial Midwest.

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Biden denounced the president’s term as an “aberrant moment” in his launch video, saying four more years would damage the country’s character and “I cannot stand by and watch that happen.”

But first, he’d have to win the nomination in the face of an unenthusiastic press corps.

A New York Times news story said Biden would be “marshaling his experience and global stature in a bid to lead a party increasingly defined by a younger generation that might be skeptical of his age and ideological moderation.”

The Washington Post quoted Democratic strategists as saying that Biden faces an “uphill battle” and “isn’t necessarily the heir apparent to Obama, despite being his No. 2 in the White House for eight years. They argue voters will judge Biden by the span of his decades-long career and are worried the veteran pol hasn’t yet found a winning formula for his own candidacy.”

The liberal Slate said the ex-veep’s rivals view him as a “paper tiger”:

“Biden is something more like a 2016 Jeb Bush: a weak establishment favorite whose time might be past … Biden’s biggest challenge in the primary will be a compromised past spanning nearly 50 years.”

“Compromised” suggests a history of scandal, yet what Slate means is political baggage, such as his backing of a Clinton-era crime bill unpopular with black voters today. Yet I think the rank and file isn’t as concerned about a vote back in 1994, or even the Anita Hill hearings, as the chattering classes.

BIDEN’S SENATE RECORD, ADVOCACY OF 1994 CRIME BILL WILL BE USED AGAINST HIM, EX-SANDERS STAFFER SAYS

One of the few left-leaning pundits to suggest the press is underestimating Biden is data guru Nate Silver at 538:

“Media coverage could nonetheless be a problem for Biden. Within the mainstream media, the story of Biden winning the nomination will be seen as boring and anticlimactic. That tends not to lead to favorable coverage. Meanwhile, some left-aligned media outlets may prefer candidates who are some combination of more leftist, more wonkish, more reflective of the party’s diversity, and more adept on social media.

“If Biden is framed as being out of touch with today’s Democratic Party and that narrative is repeated across a variety of outlets, it could begin to resonate with voters who don’t buy it initially. If he’s seen as a gaffe-prone candidate, then minor missteps on the campaign trail could be blown up into big fumbles.”

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Look, it’s entirely possible that Biden could stumble, get lapped in fundraising and just be outclassed by younger and savvier rivals. He was hardly a great candidate in 1987 and in 2008.

But if the former vice president finds his footing and the field narrows, the press will be forced to change its tune, and we’ll see a spate of stories about how Joe Biden has “grown.”

Source: Fox News Politics

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South Africa's 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston
South Africa’s 400m Olympic gold medallist and world record holder Wayde van Niekerk looks on as he attends South African Championships in Germiston, South Africa, April 25, 2019. REUTERS/Siphiwe Sibeko

April 26, 2019

GERMISTON, South Africa (Reuters) – Olympic 400 meters champion Wayde van Niekerk has backed South African compatriot Caster Semenya in her battle with the International Association of Athletics Federations (IAAF), which now appears to have taken a new twist.

Semenya, a double 800 meters Olympic gold medalist, is waiting for the outcome of her appeal to the Court of Arbitration for Sport (CAS) to halt the introduction of new regulations by governing body IAAF that would require her to take medicine to limit her natural levels of testosterone.

The IAAF wants female athletes with differences of sexual development who run in events from 400 meters to a mile, to reduce their blood testosterone level to below five (5) nmol/L for a period of six months before they can compete, saying they have an unfair advantage.

“She’s fighting for something beyond just track and field, she’s fighting for woman in sports, in society and I respect her for that,” Van Niekerk told reporters.

“I will support her and with the hard work and talent that she’s been putting into the sport. With what she believes in and what she’s dreaming for, I’ve got a lot of respect for her.

“I really hope and pray that everything just goes from strength to strength for her.”

Semenya has sprung a surprise at the on-going South African Athletics Championships though, ditching the 800 meters and instead competing over 1,500 and 5,000-metres – the latter one would not require her to medically lower her testosterone level.

She stormed to victory in the 5,000-metres final in a modest time of 16:05.97, but looked to have lots left in the tank as she passed the finish line.

Semenya beat fellow Olympian and defending national 5,000m champion Dominique Scott in Thursday’s final but the latter admitted she is unsure whether the 800m specialist could be a serious Olympic contender over the longer distance.

“Honestly‚ I have no idea‚” Scott said. “Before today I probably would have said no. It’s hard to compare a 5,000 at altitude to a 5,000 at sea level.

“But I think she’s an amazing runner and I don’t think there’s any limit or ceiling on what she can do.”

Van Niekerk, the 400m world record holder, had to abort his comeback from a knee injury, that had sidelined him for 18 months, following a combination of cold weather and a wet track.

“We are trying to take the correct decisions now early in the year so as not to put myself in any harm,” he said.

“It was a bit chilly this entire week prepping and coming through here as well it was quite cold and it caused bit of tightness in my leg. We decided to not risk it.

“My recovery is going well and I would like to be back in competition this year, but will only do so if I can deliver a good performance.

“I am a competitor and respect my opponents, so I need to be at my best when I return.”

(Reporting by Nick Said, additional reporting by Siyabonga Sishi; editing by Sudipto Ganguly)

Source: OANN

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The suspected leader of the Easter Sunday bombings in Sri Lanka died in the Shangri-La hotel, one of six hotels and churches targeted in the attacks that killed at least 250 people, authorities said.

Police said Mohamed Zahran, leader of the National Towheed Jamaat militant group, had been killed in one of the bombings. The group’s second in command was also arrested, police said.

Zahran amassed an online following for his hate-filled sermons. Some were delivered before a banner depicting the Twin Towers.

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people. 

Sri Lankan authorities said Friday that Islamic cleric Mohammed Zahran died in the blast at the Shangri-La hotel during the Easter Sunday atatcks that killed at least 250 people.  (YouTube)

Australian Prime Minister Scott Morrison said Friday that the attackers responsible for the bombings were supported by the Islamic State group. Around 140 people in Sri Lanka had connections to ISIS, Sri Lankan President Maithripala Sirisena said.

“We will completely control this and create a free and peaceful environment for people to live,” he said.

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Investigators determined the attackers received military training from someone called “Army Mohideen.” They also received weapons training overseas and at some locations in Sri Lanka, according to authorities.

A copper factory operator arrested in connection with the bombings helped Mohideen make improvised explosive devices, police said. The bombings have led to increased security throughout the island nation as authorities warned of another attack.

Source: Fox News World

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