Feast your eyes on this pyramid of gaming
Feast your eyes on this pyramid of gaming
Villanova stayed in Connecticut's “Bubbleville” at the Mohegan Sun resort casino for a full week, playing four games, including two that were not on it schedule when the Wildcats arrived. Coach Jay Wright says he's not worried about the physical toll that took on his 12th-ranked team. The coaches and players were basically locked in their hotel rooms for seven days, coming out only to eat, play basketball, get tested for the novel coronavirus and go for one or two walks outside as a group.
(Bloomberg) -- Xiaomi Corp. dropped the most ever in Hong Kong after China’s No. 2 smartphone maker raised $3.1 billion in the city’s biggest top-up placement on record.The stock fell as much as 12% Wednesday, the biggest intraday loss since its 2018 listing. Xiaomi’s shares were halted during the morning session after the company failed to disclose the placement in time for the open, surprising some market participants. Xiaomi eventually confirmed it had sold shares at HK$23.70 apiece -- a 9.4% discount to its last close -- in a filing released during the midday break.Xiaomi lost 6.5% to HK$24.40 at 3:21 p.m. local time. That wiped out about $5.5 billion in value from the stock, or almost twice what Xiaomi raised with its top-up placement.With its 143% rally through Tuesday, Xiaomi was this year’s best-performing stock on the Hang Seng Index, a benchmark which it joined in September. Xiaomi’s decision to tap the market for more cash spurred some analysts to question whether the company’s valuation had reached a near-term peak.“The timing isn’t quite right,” said Jason Sun, an analyst at China Renaissance in Hong Kong who last week reiterated his buy recommendation on the stock. “Xiaomi is not short of cash. Their decision to issue a large amount of new shares right now has raised eyebrows.”The company’s failure to announce the stock sale more quickly came about a month after Hong Kong was rattled by an abrupt decision by Chinese regulators to yank Ant Group Co.’s planned initial public offering, which would have been the largest ever.Hong Kong’s stock exchange requires a company to apply for a trading halt if certain inside information is made public before an official disclosure. Bloomberg News first reported the deal on Tuesday.“It may have taken more time to get placement confirmation from investors, delaying the disclosure,” said Steven Leung, executive director at UOB Kay Hian in Hong Kong. “There’s also pressure from the issuance of convertible bonds -- some investors may buy the bond and short the shares in order to get a more fixed income-like exposure to Xiaomi’s convertible bond.”Proceeds from the sale and a separate issue of about $900 million in convertible bonds will add to a war chest aimed at helping Xiaomi compete with the likes of Huawei Technologies Co.Xiaomi grabbed market share from Huawei when American sanctions deepened, particularly in overseas markets from Europe to India. Some analysts recently questioned Xiaomi’s ability to challenge Huawei, after its latest quarterly update showed internet services revenue grew at the slowest pace in three years.Credit Suisse Group AG, Goldman Sachs Group Inc, JPMorgan Chase & Co. and Morgan Stanley arranged Xiaomi’s deal. The Chinese company’s 2018 initial public offering was one of Hong Kong’s most high-profile stumbles, with the shares falling on debut after being sold at the bottom of a marketed range.(Updates with details, voices and trading from second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Eritrea again caught up in regional disputesSydney, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Just released, this edition of BuddeComm report outlines the latest developments and key trends in the telecoms markets. - https://www.budde.com.au/Research/Eritrea-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW Mobile penetration stands at only about 29%, while fixed-line internet use barely registers. This is exacerbated by the very low use of computers, with only about 4% of households having a computer, and most of these being in the capital, Asmara Although the provision of internet services is open to competition, about 2% of households have access to the internet. As a result, such growth as there is in the mobile and mobile internet sectors. The national telco, the Eritrean Telecommunication Services Corporation (EriTel), continues to roll out a 3G network which provides basic internet access to the majority or Eritreans. Considerable investment in telecom infrastructure is still required to improve the quality of services. The government has embarked on a work program to do exactly that, specifically aimed at extending services to remote areas, improving the quality of services, and ensuring that more telecoms infrastructure is supported by solar power to compensate for the poor state of the electricity network. Additional foreign investment in telecom infrastructure, as well as introduction of more competition, would help transform what remains a virtually untapped market. BuddeComm notes that the outbreak of the Coronavirus is having a significant impact on production and supply chains globally. During the coming year the telecoms sector to various degrees is likely to experience a downturn in mobile device production, while it may also be difficult for network operators to manage workflows when maintaining and upgrading existing infrastructure. Overall progress towards 5G may be postponed or slowed down in some countries. On the consumer side, spending on telecoms services and devices is under pressure from the financial effect of large-scale job losses and the consequent restriction on disposable incomes. However, the crucial nature of telecom services, both for general communication as well as a tool for home-working, will offset such pressures. In many markets the net effect should be a steady though reduced increased in subscriber growth. Although it is challenging to predict and interpret the long-term impacts of the crisis as it develops, these have been acknowledged in the industry forecasts contained in this report. The report also covers the responses of the telecom operators as well as government agencies and regulators as they react to the crisis to ensure that citizens can continue to make optimum use of telecom services. This can be reflected in subsidy schemes and the promotion of tele-health and tele-education, among other solutions. Key Developments: * Government continues with infrastructure developments; * EriTel extends mobile coverage; * Re-opening of border with Ethiopia threatened by renewed regional conflict; * Report update includes an assessment of the global impact of Covid-19 on the telecoms sector, recent market developments. Companies mentioned in this report: Eritrean Telecommunication Services Corporation (EriTel) Read the full report: https://www.budde.com.au/Research/Eritrea-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW CONTACT: Nicolas Bombourg: email@example.com Europe office: +44 207 097 1241 Oceania Office: +61 280 767 665
(Bloomberg) -- The U.K. became the first western country to approve a Covid-19 vaccine, with its regulator clearing Pfizer Inc. and BioNTech SE’s shot ahead of decisions in the U.S. and European Union.The emergency authorization clears the way for the deployment of a vaccine that’s expected to play a significant role in the global effort to halt the coronavirus. Pfizer and its German partner said in November that the shot, relying on novel technology called messenger RNA, was 95% effective in a final analysis of clinical-trial data.The vaccine will be available in Britain from next week, according to a government statement. The U.K. regulator, the Medicines and Healthcare Products Regulatory Agency, said on Wednesday that the vaccine “met its strict standards of safety, quality and effectiveness.”The U.K. had signaled it would move swiftly in approving a vaccine to protect its population, and doctors across the country were put on standby for a possible rollout. For the government, it’s an opportunity to make up for missteps during the pandemic as Britain’s death toll nears 60,000.Regulators are facing pivotal decisions as companies including Pfizer, Moderna Inc. and the University of Oxford’s partner, AstraZeneca Plc, sprint ahead in a bid to deliver coronavirus vaccines in record time.EU ApplicationPfizer and BioNTech earlier this week sought regulatory clearance for their vaccine in the European Union, putting the shot on track for potential approval there before the end of the year. In the U.S., a Food and Drug Administration panel is set to meet on Dec. 10 to discuss the vaccine.China has given authorization to its three front-runners for emergency use. Russia cleared a vaccine known as Sputnik V in August, while a second inoculation was approved in October, even as the last stage of trials to establish safety and efficacy are still taking place.The British government in late November invoked a special rule allowing its drug regulator to move ahead of the EU as the country prepares for the Brexit transition period to conclude at the end of this year. The U.K. has ordered enough doses of the two-shot Pfizer-BioNTech vaccine to immunize 20 million people. The companies also have deals to supply hundreds of millions of shots to Europe, the U.S., Japan and elsewhere.The Pfizer-BioNTech shot dashed to the head of the queue after delays to the trials of the AstraZeneca-Oxford vaccine, which has also shown promising signs in preliminary results of broad studies. The U.K. partners have faced questions after acknowledging that a lower dosage level that appeared more effective resulted from a manufacturing discrepancy.(Updates with statement on safety, other details)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
'I'M NOT OPTIMISTIC': The Oakland Unified School District has submitted a reopening plan to Alameda County, but some parents and administrators fear it's too soon.
Elkem has completed and opened a new production workshop in Shanghai, China, dedicated to the development and manufacturing of specialised silicones for hybrid and electric vehicles. This move further strengthens Elkem's position as the largest silicones producer in China.
Game 7 of the 2021 NBA Finals, as of now, would be played on July 22. The opening cermony of the Tokyo Olympics, as of now, would be the next day. ''I don't think we're going to let the finals go seven games,'' Popovich said.
China's average home rental prices in 40 major cities fell to their lowest last month in nearly two years, according to a private survey published late on Tuesday, in a sign of deepening weakness in the market. Average home rental prices in November stood at 34.71 yuan ($5.30) per square metre，down from 42.65 yuan in October, according to data from Zhuge House Hunter. Rents in Beijing in November slumped 7.61% from a year earlier, extending October's 3.4% drop, while the southern boomtown of Guangzhou saw a 1.05% decline, its first since January.
Tony West is married to the vice president-elect’s sister and is currently Uber’s chief legal officer
Pfizer and BioNTech say they've won permission Wednesday for emergency use of their COVID-19 vaccine in Britain, the world’s first coronavirus shot that’s backed by rigorous science -- and a major step toward eventually ending the pandemic. The move makes Britain one of the first countries to begin vaccinating its population as it tries to curb Europe’s deadliest COVID-19 outbreak. Other countries aren’t far behind: The U.S. and the European Union also are vetting the Pfizer shot along with a similar vaccine made by competitor Moderna Inc.
Payment delays due to the pandemic putting Peru's telcos under pressureSydney, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Just released, this edition of BuddeComm report outlines the latest developments and key trends in the telecoms markets. - https://www.budde.com.au/Research/Peru-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW According to August indicators, GDP growth continues on a downward trend, far from the levels of 2019. The unemployment situation and the fall in household income are reflected in high levels of non-payment for telecommunication services. However, despite widespread non-payment, the demand for telecommunication services has increased significantly during quarantine, with some operators witnessing a 60% increase in data traffic since lockdown. Peru’s fixed-line teledensity remains among the lowest in South America, with obstacles to fixed-line growth including widespread poverty, fixed-to-mobile substitution, expensive telephone services, and geographical inaccessibility in the rugged Andean mountains and lowland Amazon jungles. The government is addressing these shortcomings via ambitious investment plans to deploy telecom infrastructure and services in underserved areas. Most of the work was complete by the end of 2017, when eight regional fibre-based networks were connected to the National Fibre-Optic Backbone. Broadband penetration in Peru is considerably lower than the Latin American average, despite government efforts to encourage the development of the sector. Mobile penetration is on a par with the regional average, though high penetration is attributed to the popular use (especially among urban dwellers) of multiple mobile subscriptions. This phenomenon is becoming less pronounced as network operators respond to market competition by providing generous data and voice bundles (so obviating the need for SIM cards from different networks) and as the regulator endeavours to remove illegal devices and unregistered SIM cards from the market. Telefónica Perú (trading as Movistar Perú) is the leading player in the mobile market, followed by Claro Perú, Entel Perú and Viettel (trading as Bitel). The market still has considerable potential to expand, especially given the country’s low fixed broadband penetration which has encouraged the uptake of mobile data services. By late 2020, the mobile broadband penetration rate reached 69% of the population. This report provides an overview of Peru’s telecom infrastructure, together with profiles of the major fixed-line operators and a wide range of relevant statistics and analyses. The report also reviews the mobile market, including data on the key operators and their strategies in a highly competitive environment in addition the report covers the fixed and fixed-wireless broadband segments, including subscriber forecasts. BuddeComm notes that the outbreak of the Coronavirus is having a significant impact on production and supply chains globally. During the coming year the telecoms sector to various degrees is likely to experience a downturn in mobile device production, while it may also be difficult for network operators to manage workflows when maintaining and upgrading existing infrastructure. Overall progress towards 5G may be postponed or slowed down in some countries. On the consumer side, spending on telecoms services and devices is under pressure from the financial effect of large-scale job losses and the consequent restriction on disposable incomes. However, the crucial nature of telecom services, both for general communication as well as a tool for home-working, will offset such pressures. In many markets the net effect should be a steady though reduced increased in subscriber growth. Although it is challenging to predict and interpret the long-term impacts of the crisis as it develops, these have been acknowledged in the industry forecasts contained in this report. The report also covers the responses of the telecom operators as well as government agencies and regulators as they react to the crisis to ensure that citizens can continue to make optimum use of telecom services. This can be reflected in subsidy schemes and the promotion of tele-health and tele-education, among other solutions. Key Developments: * Osiptel prohibits telcos from terminating services for non-payment to guarantee service continuity during pandemic; * MTC grants temporary spectrum concessions to operators; * Government facilitates virtual learning during the lockdown by purchasing 840,000 tablets with internet connectivity to be distributed to low-income students lacking internet access internet; * MTC amends 2012 law on the promotion of broadband services, which also set out the guidelines for the construction and management of the RDNFO; * Azteca Communications, operating the RDFNO, proposes terminating the RDNFO concession; * Committee on Transport and Communications submits bill to guarantee customers’ internet access speeds are at least 90% of the contracted rate; * Microlink announces partnership to deliver LoRaWAN networks across Colombia and Peru; * MTC asserts that 18 of 21 regional fibre optic projects will be operational by end-2021; * IHS Holding acquires telecom infrastructure provider Cell Site Solutions CSS; * Alphabet subsidiary Loon signs deal with Telefónica to provide wireless internet connectivity to remote areas; * Report update includes the regulator’s market data to June 2020, telcos’ financial and operating data to Q3 2020, assessment of the global impact of Covid-19 on the telecoms sector, recent market developments. Companies mentioned in this report: Telefónica del Perú (Movistar), América Móvil Perú (Claro Perú), Entel Perú, Americatel Perú, Terra Perú, EMax, Olo del Perú (Olo), VelaTel/Perusat, Star Global Com, Best Cable Peru, DirecTV, Entel Perú, Viettel Peru (Bitel), Virgin Mobile, Gamacon, IDT, Convergia, Gilat To Home Perú, Rural Telecom, Valtron Read the full report: https://www.budde.com.au/Research/Peru-Telecoms-Mobile-and-Broadband-Statistics-and-Analyses/?utm_source=GNW CONTACT: Nicolas Bombourg: firstname.lastname@example.org Europe office: +44 207 097 1241 Oceania Office: +61 280 767 665
Japan's Nikkei share average closed at a 29-1/2-year high on Wednesday, buoyed by hopes of a U.S. stimulus package and progress in a COVID-19 vaccine, but gains were capped by some profit-taking after a strong November rally. Nikkei ended up 0.05% at 26,800.98, its highest closing since April 1991, extending its bull run after U.S. elections. Sentiment was also fuelled as U.S. politicians put forth a flurry of proposals on coronavirus relief packages after a month-long partisan standoff.
Aaron Rodgers picked apart Chicago's defense once again last week, throwing four TD passes to give him 51 for his career against the Bears. Only Brett Favre has ever thrown more against the Monsters of the Midway, with 60 in his career. Favre also had 58 against the Lions and 54 against the Vikings.
Tesco has decided to repay the £585 million business rates relief it has been given during the pandemic. The retail giant said it will repay the money to the UK government and the devolved administrations. A number of supermarkets have faced scrutiny about benefiting from the business rates holiday, aimed at helping firms ride out the virus crisis, because they are also paying out dividends to shareholders.
Boris Johnson’s humiliation in Parliament triggers concerns about UK stability
The Blues drew 0-0 with the Spaniards at Stamford Bridge in the first fixtures between the sides
Van de Beek has quietly impressed in two consecutive starts
Approaching a first conference championship in 108 years lends itself to reflection. Big 12-leading Iowa State knows all about that, even though the No. 9 Cyclones have only clinched a share of the conference regular-season title as they yearn to cement their spot in the league championship game. Iowa State sits atop the conference standings at 7-2 overall, 7-1 in the Big 12.
Here’s everything you need to know about the group E game at the Ramón Sánchez Pizjuán
Here’s everything you need to know about the group E game at the Ramón Sánchez Pizjuán