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U.S. FCC chairman plans fast-track repeal of net neutrality: sources

WASHINGTON ( ) – The chairman of the U.S. Federal Communications Commission is moving quickly to replace the Obama administration’s landmark net neutrality rules and wants internet service providers to voluntarily agree to maintain an open internet, three sources briefed on the meeting said Thursday.

FCC Chairman Ajit Pai, a Republican appointed by President Donald Trump, met on Tuesday with major telecommunications trade groups to discuss his preliminary plan to reverse the rules, the sources said.

The FCC declined to comment but Pai previously said he is committed to ensuring an open internet but feels net neutrality was a mistake.

The rules approved by the FCC under Democratic President Barack Obama in early 2015 prohibited broadband providers from giving or selling access to speedy internet, essentially a “fast lane”, to certain internet services over others. As part of that change, the FCC reclassified internet service providers much like utilities.

Pai wants to overturn that reclassification, but wants internet providers to voluntarily agree to not obstruct or slow consumer access to web content, two officials said late Tuesday.

The officials briefed on the meeting said Pai suggested companies commit in writing to open internet principles and including them in their terms of service, which would make them binding.

It is unclear if regulators could legally compel internet providers to adopt open internet principles without existing net neutrality rules.

As part of that move, the Federal Trade Commission would assume oversight of ensuring compliance.

Three sources said Pai plans to unveil his proposal to overturn the rules as early as late April and it could face an initial vote in May or June.

Internet providers like AT&T Inc, Verizon Communications Inc and Comcast Corp have argued net neutrality rules would make it harder to manage internet traffic and investment in additional capacity less likely. Websites worry that without the rules they might lose access to customers.

AT&T and major trade groups sued the FCC in 2015 over the net neutrality rules.

Democrats and privacy advocates say net neutrality is crucial to keeping the internet open.

Pai in December predicted that net neutrality’s days were numbered. He told in February he believes “in a free and open internet and the only question is what regulatory framework best secures that.”

Pai and congressional Republicans have moved quickly to dismantle Obama-era telecommunications rules.

Trump on Monday signed a repeal of Obama-上海夜生活论坛era broadband privacy rules a victory for internet service providers and a blow to privacy advocates.

Politico Pro reported some details of the meeting with trade groups on Thursday.

Highlights: The Trump presidency on April 13 at 9:30 P.M. EDT/0130 GMT on Friday

( ) – Highlights for U.S. President Donald Trump’s administration on Thursday:

AFGHANISTAN

The United States drops a massive GBU-43 bomb, the largest non-nuclear bomb it has ever used in combat, in Afghanistan against a series of caves used by Islamic State militants, the Pentagon says.

NORTH KOREA

Trump says Pyongyang is a problem that “will be taken care of” amid speculation that North Korea is on the verge of a sixth nuclear test.

Military force cannot resolve tension over North Korea, China warns, while an influential Chinese newspaper urges Pyongyang to halt its nuclear program in exchange for Beijing’s protection.

The Trump administration is focusing its North Korea strategy on tougher economic sanctions, possibly including intercepting cargo ships and punishing Chinese banks doing business with Pyongyang, U.S. officials say.

RUSSIA

Trump says “things will work out fine” between the United States and Russia, a day after declaring U.S.-Russian relations may be at an all-time low.

FEDERAL RESERVE

Trump signals he could be moving closer to the mainstream on monetary policy, saying he has not ruled out reappointment of Janet Yellen as Federal Reserve chair as he considers his choices for the U.S. central bank. [nL1N1HL14B]

ABORTION

Trump signs a resolution that will allow U.S. states to restrict how federal funds for contraception and reproductive health are spent, a move cheered by anti-abortion campaigners.

DEUTSCHE BANK

Democratic Senator Chris Van Hollen presses Deutsche Bank to release information about issues including Trump’s debt and any bank meetings with Trump administration officials, saying he has “great concern” about possible conflicts of interest.

EXPORT-IMPORT BANK

Trump’s office says he plans to revive the hobbled Export-Import Bank of the United States, a victory for American manufacturers such as Boeing Co and General Electric Co that have overseas customers that use the agency’s government-backed loans to purchase their products.

FINANCIAL REGULATION

Top Wall Street bankers say they are having positive discussions about financial regulation in Washington, and downplay the idea U.S. policymakers may force their institutions to split up.

TRADE WITH JAPAN

The United States is pushing for trade to be a key issue in top-level economic talks with Japan, a source says, an unwelcome development for Tokyo, which is seeking to fend off U.S. pressure to reduce the bilateral trade imbalance.

IMMIGRATION

Trump’s administration has focused on one group of illegal immigrants more than others: women with children, according to eight Department of Homeland Security officials interv上海夜生活论坛iewed by about agency planning.

RPT-Fear and fervour propel Shanghai’s tech board amid trade, Huawei tensions

(Repeats with no change to text)

* Huawei ban, trade war fuel patriotic support for the new board

* 120 firms seeking to list, aiming to raise total of $16 bln

* About 100 tech-focused funds awaiting regulatory approval

* Venture capitalists scrambling to grab share of pre-IPO funding

By Samuel Shen and Josh Horwitz

SHANGHAI, June 11 ( ) – Chinese companies and investors are lining up in spades to take part in Shanghai’s new Nasdaq-style tech board, with a groundswell of patriotic support surging further after the U.S. blacklisting of telecom firm Huawei inflamed tr上海夜生活ade tensions.

In the two months since the application period began, 120 firms – many in industries such as semiconductors, artificial intelligence and biotech – have sought permission to list, aiming to raise a combined $16 billion.

By comparison, IPOs on Shanghai’s main bourse last year raised $11.7 billion while those on the Shenzhen exchange raised $8 billion, according to Refinitiv data.

On the investment side, there’s been a rush to launch tech-focused mutual funds, with about 100 currently seeking approval, data from the China Securities Regulatory Commission shows. Since late May, 12 such funds targeting the new board, each with a fundraising cap of 1 billion yuan ($145 million), have been launched.

The first mainland China exchange-run board to not make profitability a listing requirement, Shanghai’s Sci-tech Innovation Board was announced suddenly by President Xi Jinping in November and is widely seen as Beijing’s latest move to become self-sufficient in core technologies such as chips.

Those ambitions, highlighted by the government’s “Made in China 2025” campaign launched four years ago, have now taken on added urgency as the trade war with Washington and anxiety about its impact escalate.

“The trade war is no longer simply about China importing more soybeans, or reducing trade deficits,” Shi Donghui, director of the Shanghai Stock Exchange’s Capital Market Institute told a financial forum last month after U.S-China trade talks collapsed.

“It’s essentially a tug of war around industry supply chains and core technologies,” he said, adding that as the two economic powers vie for tech supremacy, exchange staff were working day and night seven days a week to make the new board a success.

PATRIOTIC ENTHUSIASM

Washington’s ban in May on U.S. firms doing business with Huawei without government approval highlighted gaps in China’s tech prowess and has fuelled patriotic enthusiasm for the board.

If the new board can foster internationally competitive technologies, “Trump will no longer be able to choke us,” said Zhou Xiangyong, general manager of Guotai Asset Management, a Shanghai-based mutual fund house.

“China must turn external pressure into internal drive,” said Pan Jiang, CEO at private fund manager Shanghai V-Invest Co, which recently launched eight funds targeting the new board.

China Galaxy Securities estimates domestic mutual fund houses alone could pump more than $40 billion into the board, with about a third of that coming from new funds launching over the next six months.

In addition to allowing loss-making firms to list, the new board is doing away with paternalistic guidance from regulators on IPO pricing and timing – developments that have some bankers and investors calling it China’s boldest market reform yet.

A formal launch date has not been announced but investment bankers have said they expect it to start operating either late this month or in early July.

For Yuan Guowei, founder and CEO of big data startup Shanghai HyperS Data Technology Inc, being able to list while still loss-making is an opportunity not to be missed.

“We see U.S. companies which keep expanding aggressively despite losses. We couldn’t do that in the past, as we want to go public and struggled to balance expansion and making a profit,” he said.

Compared to the United States, stock market investment in China’s tech sector has been low, in part due to stricter listing requirements around profitability.

Tech companies account for roughly 11% of total market value in China’s stock markets, which are heavily weighted toward the financial sector, according to China Securities Index Co. In contrast, IT firms account for nearly 30% of the S&P 500’s market capitalisation, Refinitiv data shows.

Channeling investor money into homegrown technologies via the tech board could also help defuse U.S. criticism over the opaque shareholding structure of some Chinese firms and massive state subsidies for the tech sector, analysts said.

Foreign investors, however, are not expected to have much initial involvement in the new board. There are as yet no plans for it to be part of the cross-border Connect scheme, while overseas investors participating in the QFII investment scheme for mainland stocks tend to buy blue-chip shares due to their limited research capabilities in China.

VENTURE CAPITAL SCRAMBLE

The big unknown, however, is just how successful the new board will be in the long term.

China’s other startup boards have mostly languished despite a wellspring of excitement in their early days. Often speculation sent prices soaring, but those prices later collapsed spectacularly, souring investor sentiment to a point from which it never recovered.

The new tech board “is being propelled directly by China’s top decision-makers, so it has to succeed. It cannot afford to fail,” said Fu Ziheng, economist at China Fortune Securities.

“But there’s a lot of uncertainty ahead….and technology innovation does not happen overnight.”

High-profile companies planning to list on the new board include Beijing Kingsoft Office Software Inc, China’s biggest provider of officer software controlled by Xiaomi Corp founder Lei Jun, as well as chip sector firm Advanced Micro-Fabrication Equipment Inc.

For a factbox on some of the companies planning to list please click.

Excitement surrounding prospective candidates is so high that venture capitalists interested in pre-IPO financing say they need to move quickly on due diligence or lose out to the competition, particularly in strategic industries such as chips.

“When companies conduct pre-IPO financing, you may have to make decisions in 1-2 weeks, which is very demanding for the investment team. Previously, such decisions were made over 1-2 months,” said Feng Sicheng, an investment manager at private equity firm GP Capital who specialises in the chip sector. ($1 = 6.9082 Chinese yuan)

‘Go to hell!’ A divided America struggles to heal after ugly election

(Editors note: Attention to language in paragraph 30 that may be offensive to some readers)

By Jason Szep

ELLSWORTH, Maine ( ) – “He lies,” huffed Janet Foster.

“And he’s a dirty old man,” chimed in her sister Jean as they discussed Donald Trump’s flaws a few days before he was elected the new president of the United States.

“Well, I am with him,” their brother Paul, 60, interjected, raising his voice over snacks of cheese, muffins and crackers in the family’s living room. “Hillary Clinton is like a puppet – you know it’s all scripted.”

The 2016 U.S. election was unprecedented in the way it turned Americans against each other, according to dozens of interviews in rural United States and across some of the most politically charged battleground states.

It divided families like the Fosters in rural Ellsworth, Maine, broke up friendships and turned neighbor against neighbor.

In a recent /Ipsos survey, 15 percent of respondents said they had stopped talking to a family member or close friend as a result of the election. For Democrats, this shoots up to 23 percent, compared to 10 perce上海夜生活论坛nt for Republicans. And 12 percent had ended a relationship because of it.

There was no comparative polling data from previous elections. But interviews with relationship counselors and voters suggest this election stood out by summoning passions, anger and a divisiveness in ways that will make healing difficult after Clinton’s loss to Trump on Tuesday.

Sarah Guth, a Democrat in Colorado, says her father – an ardent supporter of Trump – no longer speaks with her after they clashed on Facebook over their political views.

“He crossed a line,” she said.

After attending a Trump rally, Guth wrote on Facebook that she saw 10 minorities among thousands of people. “I’m increasingly convinced that this election is about race,” she wrote. “I mean a fear among the white majority that their rule is coming to an end.”

Some posters told her “to go to hell,” she recalled in an interview. “And then my dad very publicly attacked me, telling me that I should be ashamed of myself.” The two have not spoken since.

Ty Turner-Bond, a 35-year-old black man in North Carolina, says he lost friends because of his support for Trump. Some called him an “Uncle Tom,” a slur for African Americans accused of deferring to white people; others threatened violence.

“PEOPLE ARE TENSE”

In Springfield, a city on Ohio’s Mad River, Duke Level, 57, voted for Trump because he wanted “a wrecking ball” to hit Washington. The owner of Un Mundo Cafe isn’t surprised this election created divisions, and he fears they could get worse.

“This is one of those crossroads crisis moments in history,” he said.

Hours earlier, Trump rallied about 5,000 supporters a few miles away in a dirt-floored livestock arena. He blasted Clinton as “the most corrupt person ever to seek the office of the presidency,” drawing chants of “lock her up,” as well as a few of “string her up.”

Down the street, Richard Scott, 51, an African-American supporting Clinton, shook his head when told of those chants. Those words, he said, recalled 20th Century lynchings of black Americans – including in Springfield where a black prisoner was shot and hung from a pole on Main Street in 1904.

“It’s terrible,” he said.

Weeks ago, he planted a Clinton sign in his yard. His neighbors put up Trump signs. Outside the funeral home he owns, a pro-Clinton sign was defaced with a “Hillary for Prison” sticker. “People are tense,” said Scott.

The election hardened an already-clear racial divide in the former industrial city of 60,000 people – a snapshot of America at about 75 percent white and 18 percent black. Interviews with residents suggested its northern areas, mostly affluent and white, would vote for Trump, while its mostly black, lower-income southern section would largely support Clinton.

“There is a division in this town, economically and racial. And we saw that in this election,” said Bob Leath, 58, owner of Buckeye PC Repair who voted for Trump to “clean house” in Washington. “If you voted for Clinton, you were most likely either young, lower-income or from the south side of the area.”

For some, the tensions reach the bedroom. Sam Nail, a Cincinnati marriage counselor, said he has two couples who cited the election season as a “stressor” in their relationship.

Much of the anger gets uncorked on social media and will be hard to undo. Some is well publicized. National Review writer David French has written about “an unending torrent of abuse” he and his family faced online from white nationalist Trump supporters, including a Tweeted image of his 7-year-old daughter’s face in a gas chamber.

Others are less well known, like Brenda Thomas’ tangles with her older brother on Facebook. She says her brother unleashed a daily stream of Facebook posts on Clinton and President Barack Obama that she found objectionable. She said when her husband, a Republican, tried to reason with him, he was “unfriended” on Facebook.

“I feel that I have to walk on eggshells with him and it causes problems at family functions,” said Thomas, 63, of Elizabethtown, Kentucky.  

In Charlotte, North Carolina, Karen Wilson, describes this election as “stressful” on Facebook. “I’ve got family members who are mad at me for deleting entire Facebook threads when I thought they were becoming too negative. I’ve deleted Facebook friends who I realized I never should have been friends with in the first place,” said Wilson, 43.

Fourteen percent of respondents in the /Ipsos poll said they had blocked a family member or close friend from social media because of the election. For Democrats, this rises to 23 percent compared to 8 percent for Republicans.

“FREE SPEECH ATTACK”

The divisions tore into the fabric of some communities. In Provo, Utah, Trump supporter Loy Brunson awoke on an October morning to find his car spray-painted with the words “AmeriKKKa” – a reference to “KKK” white supremacists – and “Fuck Trump.” His two Trump yard signs were destroyed.

“So I doubled down, got motivated and put up 85 signs in my yard,” he said. Within days, all but six of those were stolen.

“This was more than vandalism,” he said in an interview. “This was a free speech attack.”

Some blame the divisiveness on campaign rhetoric that inflamed racial, ethnic and class tensions that have long simmered in America. Angry and extremist language moved into the mainstream.

George Lakoff, a linguistics professor at University of California, Berkeley, blames Trump’s use of language, which he ranks as among the most violent of any candidate in modern times. He specifically notes Trump’s suggestion in August that gun rights activists could take matters into their own hands if Clinton defeated him, as well as the New York businessman’s comments that she should go to prison.

“When you have extremes of that order, you have extremes of anger, extremes of fear,” Lakoff said.

In Mississippi, Chad Scott, an activist in the Clay County Republican Party, fears a post-election split between the party’s working-class Trump supporters and business-minded elites – a sentiment echoed in Maine, where Foster, the Ellsworth resident at odds with his sisters, witnessed the election’s political vitriol first hand. 

Foster’s van was one of 20 vehicles spray-painted outside a Trump rally on Oct. 15 in the city of Bangor. And across Ellsworth, pro-Trump yard signs were stolen almost as fast as they were planted, Republican officials say.

Foster worries about the divisions ahead.

“My sisters will forgive me for my political views,” he said.  “But the country is going to be on fire.”

METALS-Copper steady as economic concerns jostle with China demand hopes

* LME copper stocks 30 pct below levels last August

* Zinc stocks d上海夜生活own nearly 80 percent since August

* GRAPHIC-2019 asset returns: tmsnrt.rs/2jvdmXl (Updates with official prices)

By Pratima Desai

LONDON, March 18 ( ) – Copper prices held steady on Monday, bolstered by expectations of seasonally strong Chinese demand in the second quarter and low stocks but capped by concern over the impact of continuing trade tensions on the global economy.

Benchmark copper on the London Metal Exchange closed little changed at $6,425 a tonne, down 0.1 percent, with prices having traded in a $200 range since the middle of February.

“The second quarter is normally the strongest in terms of physical activity; stocks are low and supply tightness is evident in metals like copper,” said Societe Generale analyst Robin Bhar.

“Our concerns would be the macro overlay, slowing global growth and the unresolved U.S.-China trade dispute.”

CHINA: China accounts for about half of global demand for industrial metals, which increases in the April to June period because of restocking ahead of rising construction activity in the second quarter.

TRADE: Investor sentiment on trade has see-sawed on rumblings coming out of the negotiations between the world’s two biggest economies after the imposition of tit-for-tat tariffs.

“The uncertainty over U.S.-China trade could be decisive for industrial metals in the short term,” ANZ analysts said in a note.

“We see renewed supply issues in some of the metals, copper and zinc, which could widen the market deficit. This leaves little room for replenishing depleted inventories.”

STOCKS: Copper inventories of 183,825 tonnes in LME-approved warehouses are up from less than 112,000 tonnes last Tuesday but still more than 30 percent below levels last August. MCUSTX-TOTAL

Higher stocks have shrunk the premium for the cash contract over three-month copper to about $30 a tonne from $70 in early March. CMCU0-3

ZINC: Stocks of zinc under LME warrant are down nearly 80 percent since August to less than 60,000 tonnes, creating a large premium for the cash contract over three-month metal. MZNSTX-TOTAL The premium was last at $50 a tonne. CMZN0-3

In contrast, stocks in warehouses monitored by the Shanghai Futures Exchange have climbed above 124,000 tonnes from around 20,000 tonnes at the end of last year. ZN-STX-SGH

Combined with an estimated 80,000 tonnes of zinc stocks in bonded warehouses in Shanghai, that takes the total in China to more than 200,000 tonnes.

PRICES: Aluminium closed 1.2 percent up at $1,920.50 a tonne, zinc dipped by 0.3 percent to $2,781, lead slipped by 1.1 percent to $2,040, tin added 0.5 percent to $21,175 and nickel firmed by 0.1 percent to $12,950.

Canada mulls setting rules for crypto platforms

( ) – Canadian regulators are looking to create new rules for crypto trading platforms, months after the death of the founder of digital platform Quadriga CX that led to about C$180 million ($135 million) in frozen cryptocurrencies.

The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) said bit.ly/2Fffz2V on Thursday they are considering a set of tailored regulatory requirements to address the “novel features and risks” of crypto platforms.

“We must adapt to innovation, and provide clarity to the market about how regulatory requirements might best be tailored and applied to these unique business models, while maintaining investor protection,” IIROC Chief Executive Officer Andrew Kriegler said in a statement.

The Quadriga situation highlighted a regulatory vacuum for the cryptocurrency industry in Canada and raised questions about上海夜网 who would be held accountable for any potential losses. The cryptocurrencies have been frozen in Quadriga’s user accounts since its founder Gerald Cotten, the only person with the password to gain access, died suddenly in December.

Canada’s biggest securities regulator, the Ontario Securities Commission, said in February it was looking into the platform given the “potential harm to Ontario investors”.

Obama and Putin to meet; Syria and Ukraine vie for attention

WASHINGTON/MOSCOW ( ) – U.S. President Barack Obama and Russian President Vladimir Putin will meet in New York next week at a time of high tension in Europe and the Middle East, but the Kremlin and the White House disagreed on Thursday over the top priority for the talks.

The White House insisted the meeting would focus on eastern Ukraine, where Russian-backed forces are fighting the Kiev government, prompting tough sanctions that have damaged Russia’s economy.

Moscow, however, said the main focus would be on Syria, where Russia has built up its military forces in recent weeks with combat aircraft, tanks and other equipment in support of President Bashar al-Assad.

Putin’s spokesman, Dmitry Peskov, told reporters: “Of course, the primary topic will be Syria.” Asked whether Ukraine would be discussed, he said: “Well, if time allows.”

“There will be time,” Obama’s spokesman, Josh E上海夜网arnest, retorted during a briefing in Washington. Earnest, speaking at the White House, played down the possibility for any “major announcement” from the meeting.

Related CoverageObama to ask Putin for clarity on Russian involvement in Syria

The leaders will be in New York to address the United Nations General Assembly on Monday morning. Peskov said the meeting would take place after Putin’s speech, but Earnest declined to say when it would happen.

The two camps also differed over who called for the meeting. The Kremlin said it was organized “by mutual agreement,” but Earnest said it was being held at Putin’s request. He said the Russians were “more desperate” to talk to their American counterparts because of the economic sanctions’ impact.

Past meetings between the two leaders have been frosty. One encounter in June 2013, which also focused on Syria, resulted in a famous photo of the leaders looking distant and glum.

Earnest said Putin had used similar body language in a photo after a meeting with Israeli Prime Minister Benjamin Netanyahu this week.

“President Putin was striking a now-familiar pose of less-than-perfect posture, an unbuttoned jacket, and knees spread far apart, to convey a particular image,” Earnest said.

The United States also hopes to advance political talks on Syria at other General Assembly meetings, Sheba Crocker, assistant secretary for international organization affairs, told a State Department briefing.

But Crocker said the United States would not back a U.N. Security Council statement on countering terrorism proposed by Russia because of fears it would send the wrong message to U.S. partners in the fight against Islamic State militants in Syria.

Preview: Southampton – Tottenham

The Sunday action from the Premier League will finish off with a match between two teams that going into this round of games are in different, but equally precarious positions just outside the relegation and the Champions League spots, respectively.

Flashscore presents the key facts before the match:

This season is turning out to be a nightmare for many of the Southampton faithful. The club finally gave in to ‘bigger money’ and let their best defender leave for Liverpool (Virgil van Dijk), and find themselves lacking on several fronts on the pitch: the team has not won once in their last ten PL games!

Tottenham are, together with Liverpool, the league’s in form outfit and have gained points on Chelsea and Manchester United in recent weeks as well as pulling five points clear of their eternal enemies Arsenal. If they are to further climb, they will need all three points here.

Son Heung-min has one explanation as to why the team are in great form – they’re striving to be like Harry Kane! He recently said: “I want more, like Harry Kane. He beats every record and I want to beat every record as well. I want to try to be a top player”.

Players to watch: Hurricane Kane needs no introduction. With 20 PL goals to his name already, Kane is aiming for yet another top scorer title.Top 5 Real Madrid players who are succeeding on a loan Tomás Pavel Ibarra Meda – We 上海夜网need to talk about the Top 5 Real Madrid players who are currently succeeding away from the club and are currently on a…

With Charlie Austin still out injured, Southampton fans will hope that Shane Long can rediscover his goalscoring form – and fast. Besides Austin, no Southampton player has more than three goals this season!

Stat attack: Since 2012, Tottenham have won four out of five games at St. Mary’s, scoring two goals or more on each of the five (one draw). In total, Southampton have only won one of the last ten head to head matches.

1-2? Tottenham average precisely 2.0 goals scored per game this season, Southampton precisely 1.0.

Missing players

Southampton: C. Austin (thigh injury), M. Yoshida (thigh injury)

Tottenham: T. Alderweireld (thigh injury), D. Rose (knee injury), H. Lloris (doubtful), H. Winks (doubtful).

Bernardo Silva comfortable with City rotations

The Portugal international is not a regular starter at the Etihad Stadium, but insists he enjoys life in England.

Manchester City midfielder Bernardo Silva is adamant he has no issues with the constant rotations at the Citizens. The 23-year-old joined Pep Guardiola’s team in the summer transfer window from AS Monaco in a £43.5m move.

Even though City paid a serious amount for his services, the Portuguese has not been part of the starting XI on a regular basis, mostly appearing as a substitute. Silva has started only five Premier League games so far, but insists he is happy to be involved with the Citizens squad and their project.

“It’s fantastic to be part of this group, and to be part of a team that wins so many games in a row and has been so successful so上海夜生活论坛 far.“ the 23-year-old told ESPN Brasil.Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

“The atmosphere in this club at the moment is fantastic, and like I said, it’s great to be part of this team.”

“We still have a game before the New Year, so we still have a game on the 31st against Crystal Palace. ” he added.

“Of course that’s a good difference. But in football everything is possible, we have to keep winning to keep the distance and not give a chance for our rivals to approach.” Silva concluded, urging his team-mates to not relax.

Neymar’s bonus for Ballon d’Or

PSG have promised to reward Neymar in case the Brazilian manages to win the Ballon d’Or trophy.

The record transfer of Neymar from Barcelona to PSG continues to impress with the numbers included in the deal. The Parisians paid the €222m release clause in the Brazilian’s contract and offered him wages of around €100k per day (€36,8m/year), making him the most expensive and the best paid player in the world.

In addition to that, Neymar also has a clause in his contract that will see him earn a bonus of €3m every time he manages to win the Ballon d’Or trophy, according to Le Parisien.

Since 2008, the Ballon d’Or award has only been won by Messi and Cristiano Ronaldo. The Argentinian took the trophy home 5 times, while the Portuguese is still one behind his rival. However, Ronaldo has big chances of equalling Messi’s number of trophies this year.Report: Icardi opens PSG account in 0-1 win over Gala George Patchias – Mauro Icardi opened上海夜网 his goal-scoring account for PSG in a 0-1 away victory over Galatasaray.While Thomas Tuchel has begun to integrate Mauro Icardi into…

Even though Messi and Cristiano Ronaldo are again the favourites for the award this year, Neymar also has a chance. He has been included on the 30-men shortlist for the FIFA gala that will take place in December and that will announce the winner.

26 years have passed since the last time a player from the French league won the Ballon d’Or. In 1991, Jean-Pierre Papin was awarded the trophy. That year, Papin helped Olympique Marseille reach the Champions League final, where they eventually lost to Red Star Belgrade, 3-5 at penalties.

Preview: Inter – Atalanta

Inter are fourth in Serie A, five points behind leaders Napoli and they will be looking to close the gap today, as they host 10th-placed Atalanta.

Flashscore presents the key facts before the match:

Sunday’s late game features 2 sides with different aspirations this season. Atalanta will be looking to improve on their current 10th place standing (16pts) in their quest to qualify for Europe again, w上海夜生活论坛hile 3rd placed Inter (30 pts) are having their best season in many years and can once again dream of Scudetto glory. These sides first met in Serie A in the 1937/38 season.

Inter are unbeaten in Serie A this season and have undoubtedly benefited from a lack of European football. Inter have scored at least 1 goal in all but one of their 12 games this season, and that game was a 0-0 away to league leaders Napoli.

Mauro Icardi has been in fine form for Inter this season, racking up 11 goals (joint 2nd in Serie A), although he has failed to score in his last 2 games. He actually scored a 10-minute hattrick last season against Atalanta in a 7-1 romp.

Inter drew their last game 1-1 at home to Torino, but the last time they drew 2 consecutive home games was back in April ’15 (part of a 3-game streak) – a run of 48 games.

The team from the San Siro top the corner charts in Serie A with an average of 12.83 corners per game, which is also the second highest in Europe’s major leagues.Report: Lukaku out of Barcelona game George Patchias – Romelu Lukaku has been ruled out of Inter Milan’s game against Barcelona at the Camp Nou.Inter Milan face Barcelona tomorrow evening at the Camp…

Atalanta are playing European football for the first time in 27 years this season and currently sit top of their Europa League group. They have an important game away at Everton on Thursday and their Serie A form (no win in the last 2) has undoubtedly suffered due to their focus on Europe.

Along with Chievo, Atalanta have a symmetrical record of 4 wins, 4 draws and 4 defeats this season. They are yet to win away this season (D2 L3) and have lost on their last 3 visits to Inter.

On balance, you are more likely to see second-half goals in this game. Both teams have scored 9 goals in the first half of their Serie A matches this season. Inter have gone on to score another 14 in the second half of their games while Atalanta have managed 10.

Missing players

Inter: Z. Vanheusden (knee injury), A. Pinamonti (doubtful).

Atalanta: R. Freuler (red card), L. Spinazzola (muscle injury), J. Schmidt (doubtful).

Robben wants Heynckes to stay

33-year-old Bayern Munich winger Arjen Robben admitted he wants current head coach Jupp Heynckes to stay at the German club

The veteran coach was brought in as a stop-gap measure, but the Dutchman is keen the arrangement is made more permanent, GOAL understands.

The 72-year-old tactician was brought back as a temporary solution after the sacking of former head coach Carlo Ancelotti. However, Heynckes had done such a great job, that many suggest he should stay on for a longer period.

It’s not only Arjen Robben who thinks that way, as club legend Lothar Matthaus also praised Heynckes on Monday, saying there is “no better coach on the market.”

Robben was asked how he would feel if the 72-year-old manager were to stay with Bayern.

“It would be a pleasure! Anything is possible,” the Dutchman told Bild.

“It’s going very well. If anyone knows the club, then it’s him. He also knows what’s needed in football today. Everything is great.”Kovac cryptic about plans to stop Kane Nedim Maric – Bayern Munich will travel to North London in order to face Pochettino’s Tottenham in a Champions League derby.Bundesliga looks like it’s never been as…

However, even though Robben wants Heynckes to stay, it’s not up to him and the winger claimed he doesn’t know what’s going to happen.

“I don’t know what he thinks or what the plan for the club is,” Robben explained.

Bayern’s chairman of the executive board Karl-Heinz Rummenigge was also asked about the issue and he claimed he’ll stick to what the club and the manager have agreed on.

“When Jupp arrived, we made it clear his timetable with us and that has not changed. I stick to what we’ve agree interval,” he said.

“He’s undoubtedly had a great effect. The team is stable, playing well, and exudes fun. We’re doing well in three competitions. Not only are we winning, but we’re playing good football.”

上海夜生活论坛The Bundesliga giants are leading the German top-flight, while they managed to secure progress in the Champions League as well.

Batshuayi will finally get his chance, says Conte

The Belgium international will start for the Blues against Crystal Palace as he steps in for injured Alvaro Morata.

Chelsea head coach Antonio Conte has lauded Michy Batshuayi’s progress at the club as he intends to count on the striker in the forthcoming Premier League feature. Chelsea’s starting forward Morata suffered a hamstring injury against Manchester City, which leaves Batshuayi with a gre上海夜生活网at chance to prove he deserves a spot in the starting XI.

Despite his goal-scoring record of netting every 68 minutes, Michy has struggled to hold down a spot in Chelsea’s starters. Yet, Conte admits he is more impressed with the way the forward is moving on the pitch.Willian: Chelsea must become more clinical Andrew Smyth – Willian feels that Chelsea still have things to improve on after missing numerous chances during Saturday’s 2-0 win over Brighton.

“I think if you compare Michy with last season he has improved a lot and he understood this league because it is not simple,” Conte stated as quoted by Goal. “He understood our style of football but he is another young player and he is working very hard to improve.

“This season he is finding many opportunities to play in the Champions League, in the league, to come on during the game, and to start the game. If you remember last season he had few opportunities to play but this season he is playing a lot and the most important thing is to show he is improving.

“Also don’t forget as a striker I can utilise Hazard. Last season we played two games with Hazard as a No.9, alongside Willian and Pedro. If I see a game where this is the solution I am ready to do that again but Michy is deserving to have opportunities to show he can play.”

Iniesta denies Barcelona contract extension

The Spain international said the statement made by Barcelona‘s president claiming that t上海夜生活论坛erms have been reached is false.

Things are certainly not looking bright at Barcelona as Iniesta denied the claims made by the Catalans president Josep Maria Bartomeu saying terms have been reached. The club president recently said to Mundo Deportivo that Iniesta agreed terms about a contract extension and the deal should be finalised in the near future.

However, Andrés Iniesta has now come forward to disagree with that, simply adding up to the crisis within the Catalans.

“We already have a principle of agreement to renew and we hope to finalise it in the coming weeks,” Bartomeu told Mundo Deportivo when asked about Iniesta’s future.

“We are waiting these days to continue talking but Iniesta is a player that we want to retire here, and to retire when he thinks he wants to retire.

“The idea is to have an indefinite contract where he automatically renews from year to year until he thinks he can retire or change.”Griezmann and Neymar questions infuriate Valverde George Patchias – Questions about the Antoine Griezmann fine, and the Neymar court case, infuriated Ernesto Valverde at his pre-match press conference.Barcelona and Ernesto Valverde face Getafe…

Despite those claims, Iniesta has denied those claims when asked by reporters if he has extended his contract, according to sports reporter Ignacio Miguélez.

Iniesta on arrival at Barcelona airport; -Can you confirm the principle of renewal agreement announced by Bartomeu?” -No

Wenger expects professionalism from his players

The Frenchman does not think he faces a major problem at Arsenal, with a number of first-team players entering the final year of their contracts.

Alexis Sanchez and Mesut Özil are still to renew their contracts, while Alex Oxlade-Chamberlain, Santi Cazorla, Jack Wilshere and Kieran Gibbs are also entering the last 12 months of their deals.

“I think it is an ideal situation. When you are a football player you perform until the last days of your contract.” – Wenger said, following Arsenal’s 1-2 loss to Sevilla, according to Sky Sports.

“I think the performance on the day does not depend on the length of the contract, if that was true we would sign everyone for 20 years and be happy.”Arsenal urged to sign Napoli star Kalidou Koulibaly Andrew Smyth – Emmanuel Frimpong has urged Arsenal to target Napoli centre-back Kalidou Koulibaly in order to finally solve their defensive woes.

The French manager also stated that more and more players will start seeing out their contracts in their respective clubs due to the transfer market situation.

“In the future, I think you will se上海夜生活网e more often players going to the end of their contracts,” Wenger said.

“Why? Because transfers are becoming so high even for normal players that you will see more players going to the end of their contracts because no-one is going to want to pay what is demanded.

I’m convinced in the next 10 years that will become usual.”

Brighton announce the signing of Mathew Ryan from Valencia for a club-record fee

The Australian goalkeeper will become Seagulls’ third signing ahead of their Premier League debutWritten by – Nikolay Nikolov, June 17, 2017.

Brighton & Hove Albion have broken their club record transfer fee to sign Valencia’s goalkeeper Mathew Ryan.

The 25-year-old Australia international agreed on a contract until 2022. He became the club’s third signing after Pascal Gross and Josh Kerr ahead of their Premier League debut season.Kane: Spurs out of excuses after shock Carabao Cup exit Andrew Smyth – Harry Kane concedes that Tottenham only have themselves to blame following a shock Carabao Cup exit at the hands of Colchester United.

Albion manager Chris Hughton said: “I’m delighted that we’ve been able to attract Mathew to the club, and he will certainly be an excellent addition to the squad in time for our first season in the Premier Leag上海夜生活论坛ue. We’re very much looking forward to working with him for the season ahead.

“For somebody of Mathew’s age, he has very good experience, having played in the top divisions in Australia, Belgium and Spain. He has also competed in European competition and made a number of appearances at international level.”

European top clubs started to follow Ryan at the time he was playing for Club Brugge in the Belgian Pro League. There, he was chosen as the Goalkeeper of the Year in two successive seasons – 2014/15 and 2015/16.

Inter to go shopping in Barcelona

Inter’s new Chinese management is not messing around. They have not given up on Diego Simeone and are now planning a bid for one of Barcelona’s stars.Written by Cosmin Mihalescu. April 29, 2017.

The new Internazionale Milano project is coming to life, and t上海夜生活heir Chinese management is setting ambitious targets for the summer transfer window.

Their latest target is Barcelona’s midfielder, Arda Turan. The Turkish press has announced that the capital infusion aims to build a strong team at Giuseppe Meazza. Having had their initial approach of Diego Simeone refused by the manager, Inter are now looking to show the Argentinian that they really mean business and are ready to offer him a strong squad.Inter Milan V Lazio: Players to Watch Taimoor Khan – Inter Milan are set to host Lazio at the San Siro on Thursday and the game is definitely going to be an exciting affair…

Arda Turan was highly appreciated during his time at Vicente Calderon, while playing under Simeone. And is now considered the perfect foundation to paving the way for great things in the future. Although no official bid has been made yet, the €30m-rated midfielder will be approached in the following days.

Barcelona have paid €34m to Atletico for Turan’s transfer in 2015, who was unavailable for selection for a period of six-months, due to Barcelona’s UEFA ban of registering new players.

Arda Turan has won three trophies with Barcelona: La Liga title (2016), Spanish Cup (2016) and Spanish SuperCup (2016). He had his debut for the Turkish national team in 2006, and he has since then played 96 times, scoring 17 goals.

Julian Brandt: A future Ballon d\u2019Or winner?

The young Bayer Leverkusen star Julian Brandt is predicted a massive future, and seems like a obvious bid as a future winner of the Ballon d’Or.Written by Jonas Porsborg. May 3, 2017

He’s maybe not a rising star anymore, but in record time Julian Brandt has made a name in the world of football, as one of the best attacking midfielders of his age. Again this season the 21-year-old has impressed Leverkusen and the Bundesliga, by performing outstanding games for the Leverkusen-side who’s been struggling to follow Bayern Munich and Borussia Dortmund in the top of the league.

Julian Brandt has played impressive 92 games for Leverkusen at the age of just 21 (he had his birthday just yesterday!), and has already scored 18 goals. Brandt also made it to the UEFA Euro 2016 and was a part of the German squad scoring silver medals at the Olympics 2016.Inter Milan V Lazio: Players to Watch Taimoor Khan – Inter Milan are set to host Lazio at the San Siro on Thursday and the game is definitely going to be an exciting affair…

Of course there are long list of suitors for the future Ballon d’Or, bu上海夜生活t Julian Brandt seems like an obvious candidate to lift the trophy. Then he would follow the steps of Lionel Messi and Cristiano Ronaldo, who has won the trophy the last seven years.

In other words Julian Brandt are maybe heading for the finest company, and time will tell if the German international will step up on the highest throne in the world of football.

GM faces declining sales and price wars in largest markets

(This July 31 story corrects name of GM unit to GM Financial in paragraph 8)

By Ben Klayman

DETROIT ( ) – General Motors Co’s (GM.N) investors will see on Thursday how the Detroit carmaker is weathering declining sales and mounting price pressures in its largest markets when it reports second-quarter earnings.

Slumping industry demand in China, the world’s largest auto market, and an escalating price war in the lucrative U.S. pickup truck segment are ratcheting up the pressure on GM. Other automakers, including U.S. rival Ford Motor Co (F.N) and Germany’s Daimler AG (DAIGn.DE), offered disappointing forecasts last week.

In April, GM Chief Executive Mary Barra said her “confidence in the year ahead remains strong,” citing the company’s new full-size pickup truck launch and the automaker’s ongoing business transformation.

Investor David Kudla, chief investment strategist for Michigan-based Mainstay Capital Management, said GM must “carefully juggle” its restructuring with the rollout of its high profit vehicles even as it invests for the industry’s future while facing such headwinds as declining global sales.

For the full year, GM has forecast adjusted earnings of $6.50 to $7 a share and adjusted automotive free cash flow in the range of $4.5 billion to $6 billion.

For the second quarter, analysts expect GM to earn $2.08 billion, or $1.44 a share, on revenue of $36.1 billion, according to IBES data provided by Refinitiv.

GM must deliver as much as $10 billion in cash flow in the final three quarters of 2019 to hit its full-year target, amid stagnant U.S. demand and plummeting industry sales in China. It reported a negative cash flow of $3.9 billion in the first quarter.

In April, GM said it would hit its full-year target through strong performance, and annual dividends from China and GM Financial.

In 2018, the Detroit company reported negative cash flow of $3.3 billion in the first quarter, but ended the year at positive $4.4 billion.

Auto sales in China, GM’s largest market, are headed for a decline for the second year running after demand contracted for the 12th straight month in June.

In the second quarter, GM’s China sales slid 12%, a slight improvement over the 17.5% decline in the first quarter.

GM has laid out plans to introduce around 20 new models or variants of older ones this year, most in the second half. Profit pressure could increase as it launches a series of lower-margin electric vehicles over the next several years.

Last week, Ford posted a lower-than-expected profit and provided investors with a full-year earnings forecast that fell short of analysts’ expectations, and luxury carmaker Daimler reduced its 2019 sales outlook for Mercedes-Benz cars.

GM’s profits in the lucrative pickup truck market have also been pressured by an escalating price war with Ford and Fiat Chrysler Automobiles (FCA) (FCHA.MI). The three Detroit automakers dominate the segment.

GM executives previously said they were “bullish” on sales in the segment for the rest of the year, and have cited the introduction of more profitable models as the launch continues.

GM Chief Economist Elaine Buckberg said this month that U.S. industry sales were strong in the first half and should remain so in the second half and get even more support if the Federal Reserve cuts interest rates as expected.

The company’s U.S. inventory of Chevrolet Silverado and GMC Sierra trucks at the end of July was 108 and 110 days, respectively, according to Automotive News. In comparison, inventory for the Ford F Series and FCA RAM trucks stood at 88 and 75 days, respectively.

GM no longer discloses monthly sales dat上海夜网a and a company spokesman said the Automotive News estimates were incorrect. He added that truck inventories were approaching “optimal levels” and GM tries to maintain about a 100-day supply because of the complexity of truck offerings.

Last week, GM backed off the target for commercial deployment of cars by its Cruise self-driving unit beyond 2019, citing a need for more testing.

Chevron profit surges 26% on higher output, termination fee

HOUSTON ( ) – Chevron Corp reported a 26.3% jump in quarterly profit on Friday, as higher oil and gas production and a one-time breakup fee from its failed bid for a rival more than offset lower energy prices and a rise in expenses.

Results benefited from a $1 billion fee it received after Occidental Petroleum wrecked its $33 billion deal to buy Anadarko Petroleum with a winning $38 billion bid. The termination fee added $720 million to the quarter’s profit, Chevron said.

Its U.S. shale production rose 21% during the quarter, but was overshadowed by sharply weaker oil and gas prices. Like many of its rivals, Chevron also reported declining profits in its refining and chemicals units.

“Upstream earnings were slightly ahead of expectations, while downstream earnings came in slightly below, leaving net income in line” with forecasts,” said RBC analyst Biraj Borkhataria.

Shares were up a fraction at $120.76 in morning trading. The stock is up about 11% year to date.

Chevron abandoned its pursuit of Anadarko in May, refusing to increase its bid, saying it would not back down from a pledge not to dilute the returns it promised investors. Occidental this week said it expects to quic上海夜生活论坛kly close the purchase after Anadarko shareholders vote on Aug. 8.

The second-largest U.S. oil and natural gas producer’s daily production of oil and gas rose 9.1% to 3.08 million barrels, a record for the company. Its production in the Permian Basin, the top U.S. shale field, rose 21.5% over a the same period a year ago.

The company said it has resumed share buybacks that were suspended during its acquisition talks with Anadarko. It expects to buy $5 billion in its own shares this quarter.

Net income attributable to the company rose to $4.31 billion, or $2.27 per share, in the second quarter, from $3.41 billion, or $1.78 per share a year earlier. [bit.ly/2LYr4A0]