Lebanon to default on foreign debt payment for first time

first_imgThe Lebanese pound has been losing valueagainst the dollar for months, in part because the country’s banks have beenreluctant to convert local pounds to dollars – leading to an increase in demandfor the latter.(BBC) “The debt has become bigger thanLebanon can bear, and bigger than the ability of the Lebanese to meet interestpayments,” Diab said. Prime Minister Hassan Diab said Lebanonwould not be making a bond payment of $1.2bn (£900m) due on Monday. Anti-government protesters have been out on the streets for month amid Lebanon’s financial crisis. GETTY IMAGEScenter_img Lebanon has been struggling since thevalue of its currency plummeted. BEIRUT – Lebanon is to default on aforeign debt payment for the first time in its history as the country struggleswith a major financial crisis.last_img read more


Martino: Decision lies with Cesc

first_imgBarcelona manager Gerardo Martino is confident Cesc Fabregas will not swap the Nou Camp for Old Trafford but admits the Spain international will decide his own future. “He is one of the best players in the squad. I think he will stay. But there’s a part that he has to decide. “Cesc will decide the situation, but it has not occurred to me that I won’t be able to count on him.” Fabregas was on the bench for Friday’s 8-0 thrashing of Brazilian side Santos at the Nou Camp but came on in the second half alongside new signing Neymar to score twice and set up Jean Marie Dongou for the final goal. Lionel Messi, Pedro, Alexis Sanchez and Adriano also scored for the Spanish side, along with an own goal by Santos defender Leo. Press Associationcenter_img The Primera Division champions have already rejected bids of £25million and £30million from Manchester United and Martino believes the former Arsenal midfielder will continue to fend off their advances to stay at Barca. “I would prefer him to stay with us and I dare say he will, but it’s his decision,” Martino told the club’s official website. last_img read more


Wellington High School Prom is Saturday – festivities start at 5:30 p.m.

first_imgby Tracy McCue, Sumner Newscow — It is a holiday all its own. The Wellington Junior and Senior High School Prom will be held this Saturday.The schedule for tomorrow is as follows:•Drive-in- 5:30 p.m.•Walk-in – 6 p.m.•Dinner – 6:30 p.m.•Program – 7:30 p.m.•Dance 8:15 p.m.•Coronation 10:45 p.m.•Prom ends 11 p.m.•Project Prom 12 a.m. Students must be in the door by Midnight!Sumner Newscow will be updating people throughout the night including having its special website awards! Also check Steve Sturgis website at wellington.cc. Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new commentslast_img read more


Nowitzki officially signed for record 21st season with Mavs

first_imgDallas Mavericks’ Dirk Nowitzki (41) celebrates sinking a 3-point basket in the second half of an NBA basketball game against the Portland Trail Blazers in Dallas, Tuesday, April 3, 2018. (AP Photo/Tony Gutierrez)DALLAS — Dirk Nowitzki is officially signed for a record 21st season with the Dallas Mavericks.The Mavericks announced Monday that they had re-signed the 13-time All-Star. That was their plan when they declined a team option on Nowitzki’s contract at the start of free agency to create more room under the salary cap before signing DeAndre Jordan.ADVERTISEMENT Report: Disney dropping the ‘Fox’ from movie studio names Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award ‘High crimes and misdemeanors’: Trump impeachment trial begins Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew LATEST STORIES MOST READ Resilient F1 champion Lewis Hamilton revels in adversity Trump assembles a made-for-TV impeachment defense team View commentscenter_img In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ Nowitzki, a former NBA MVP who turned 40 last month, is set to become the first player in NBA history to play 21 consecutive seasons for the same franchise. The 7-foot German is one of six players overall, and the only international player, with more than 30,000 career points.His $5 million contract is the same amount he would have been guaranteed for 2018-19 for the second season of a two-year deal signed last summer.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone still willing to coach Gilas but admits decision won’t be ‘simple yes or no’ Palace OKs total deployment ban on Kuwait OFWs Sports Related Videospowered by AdSparcRead Next DepEd’s Taal challenge: 30K students displaced Putin’s, Xi’s ruler-for-life moves pose challenges to West Don’t miss out on the latest news and information. Lacson: Calamity fund cut; where did P4 billion go?last_img read more


Fishmongers facing eviction from Melbourne Wholesale Fish Market

first_img Facebook Twitter: @NeosKosmos Instagram The future of the Footscray Fish Market is still in limbo as there seems to be no solution to relocating the market without breaking it apart. The 13 businesses that operate there, of which nine are owned by Greeks, have until the end of the year to vacate the premises. The Market was established approximately 50 years ago on Crown land which is now owned by the City of Melbourne. However, VicRail is expected to take over ownership with the condition that the premises are vacated. To this day no plausible alternative has been found for the relocation of the market as a whole. A plan to relocate the market to the industrial area of Brooklyn fell through as the fishmongers who had originally agreed backed down. The deal fell through due to what fishmongers deemed as “exorbitant costs.”According to an industry insider, who spoke to Neos Kosmos on the condition of anonymity, the key issues which undermined the planned move to Brooklyn were, a rent four times higher than fishmongers pay now at Footscray and the 30-year-lease condition sought for the new premises. A previous effort to relocate to Epping where the Footscray Fruit and Vegetable Market is going to move to, failed again due to the fish distributors and wholesalers baulking at the high rent required. “It’s a shame they [Footscray fishmongers] haven’t found a new place where they can all be housed,” Terry Anassis of Anassis Seafoods Wholesale Distributor said to Neos Kosmos. He added that if the Footscray Fish Market is forced to forced to disperse, such a fragmentation would impact on the whole seafood retail market. George Milonas of Victoria Markets Seafood, agrees with the above assessment, and points out that consumers should expect substantial price increases. “Right now what happens for me as a retailer, I go to Footscray and they [fish and seafood wholesalers] are all there so there is competition and transparency,” he said.If fishmongers don’t relocate collectively, it is likely that fish and seafood auctions will be conducted over the phone or Internet. “This could potentially compromise quality, as well as prices,” Mr Anassis further argued. He emphasised that retailers, restaurateurs and wholesalers like himself will not be able to spend a whole day travelling to different locations looking for the best bargain. It is expected that the dispersal of the Footscray Fish Market will generate higher transport costs which will more than likely be passed on to the consumer. “At this moment in time fish and seafood is affordable but it looks like it’s going to become a luxury item under this new scenario,” Mr Milonas highlights. He argues that the Victorian Government needs to step in and partially subsidise the Footscray Fish Market relocation. “It seems that the [Victorian] Government has washed it’s hands from the whole issue,” Mr Milonas said. “But, we’re not only talking about 10 or 15 wholesalers we’re talking about an entire fishing industry,” he underscored.According to the industry insider the market occupants are firstly trying to extend their relocation deadline to end of March or April of 2011. last_img read more