Panamanian Police Seize a Ton of Cocaine in Mountainous Area

first_img Units of the Panamanian police seized 1,025 kilos of cocaine stored in forty-one bags that were hidden in a mountainous area of the country, the agency announced. The drugs were found in the area of Coclé del Norte, in the northern part of the country, during an operation in which a speedboat with two outboard motors was also found, allegedly going to be used to transport the drugs to Central America, according to a statement by the police. “This operation represents the first seizure of a drug shipment by the National Police in 2011,” the statement indicated, adding that no one has been detained up to this point. In 2010, the Panamanian authorities seized more than seventy-five tons of cocaine, making Panama the country with the largest total seizures of this drug in the entire hemisphere. By Dialogo January 05, 2011last_img read more

The stock market’s best returns have occurred under Democratic presidents with a split Congress

first_imgVote counting continued Thursday in the tight presidential race, but odds of a Joe Biden win and a split Congress have increased. If that’s the final outcome, history shows that this type of gridlock in Washington has been quite market-friendly for stocks.The stock market has enjoyed the best returns under a Democratic presidency and a split Congress, according to Sam Stovall, chief investment strategist at CFRA Research, who analyzed data going back to the end of 1944. The S&P 500 has rallied 13.6% on average during a calendar year with such a political makeup, the data showed. Democratic U.S. presidential nominee and former Vice President Joe Biden speaks about the results of the 2020 U.S. presidential election during an appearance with in Wilmington, Delaware, U.S., November 4, 2020.Kevin Lemarque | Reuters – Advertisement –center_img – Advertisement –last_img read more

Oceanteam mulls cross border merger, Oslo delisting

first_imgIn addition, the board of directors of Oceanteam has resolved to propose to the general meeting that a cross border merger will be completed with the company as the assigning company and Oceanteam II BV (OT BV) as the assignee company. OT BV is a wholly owned subsidiary of the company, resident in the Netherlands.The rationale behind the merger proposal is to solve the auditor situation of the company and the associated risk of a value destructive forced liquidation.The merger will result in the company being liquidated for the merger with OT BV and that OT BV will assume all the assets, rights, and liabilities belonging to the company. The shareholders in the company will receive shares in OT BV as remuneration. The company will be deleted in the Norwegian Register of Enterprises when the merger enters into force.OT BV will be converted into a Dutch NV, similar to a Norwegian ASA, in connection with the merger. The board proposes that the company’s shares are de-listed from the Oslo Stock Exchange in conjunction with the merger, however such that the shares may, if the board so resolves, be sought listed on an alternative market place.Before the meeting, the boards of directors in Oceanteam and OT BV will prepare a joint merger plan.The board proposal for a resolution by the general meeting for the approval of the merger plan, and the associated resolution for the company applying for a de-listing of its shares from the Oslo Stock Exchange, is being prepared and will be made available for the shareholders after the merger plan has been signed by the board of directors. The company expects this to take place by March 20, 2018.Offshore Energy Today Staff Merger with Dutch unit Oceanteam, a Dutch Norwegian offshore service provider, is making plans for a cross border merger with its Dutch subsidiary and delisting from the Oslo Stock Exchange, following issues with its auditor in Norway and a fine from Oslo Stock Exchange. Oceanteam on Wednesday summoned an extraordinary general meeting to be held on April 10.The notice of the meeting arrived on the same day as the violation charge from Oslo Stock exchange related to breach of the company’s duty to disclose inside information to the market and other continuing obligations for stock exchange listed companies.Oceanteam was reprimanded because the company, according to the exchange, did not publicly disclose inside information about the resignation by the company’s auditor in November 2017 sufficiently promptly and because the company did not have an audit committee over a long period of time as required by the stock exchange regulations.Furthermore, the company violated the duty to provide requested information to the Oslo Stock Exchange within the deadlines set by the exchange, on several occasions.In its notice to shareholders on Wednesday, Oceanteam said that as a result of the withdrawal of KPMG as the company’s auditor, a new auditor will be elected if the company is able to find an auditor that is willing to undertake the assignment.The company is in negotiations with a potential auditor about the possibility for this company to undertake the assignment of the auditor.last_img read more

The Latest: Fauci bobblehead a hit, raises cash for masks

first_imgSabia finished fifth in the 800 at the 1984 Los Angeles Games and seventh at the 1988 Seoul Games. He also won the 800 at the 1984 European Indoor Championships.Sabia died in his hometown of Potenza in southern Italy shortly after his father also died from the virus.___More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 The track worlds were originally scheduled for Aug. 6-15, 2021.World Athletics president Sebastian Coe says 2022 will be a “bonanza for athletics fans around the world” with the Commonwealth Games beginning in Birmingham, England, only three days after the track worlds.The 2022 Commonwealth Games are scheduled for July 27-Aug. 7 and the multisport European Championship is currently slated for Aug. 11-21 in Munich.World Athletics has also postponed the bidding processes for 2023 World Athletics Series events. They will now open in November 2020.___ The Spanish league estimates $1 billion euros ($1.1 billion) in losses if the competition can’t resume.___Former French rugby player Christophe Pras has died after getting infected by the coronavirus.Several of his former clubs announced the death. He was 35.The former under-18 France international had a short-lived professional career before going into coaching. The 38 match alerts in the year’s first quarter break down as six from the ATP Challenger Tour and 16 apiece from the men’s and women’s International Tennis Federation World Tennis Tours.The report concludes the jump indicates that entry levels of tennis “were deliberately targeted” as the sport moved toward suspension because of the outbreak of COVID-19.All pro tours are on hold until at least mid-July.___The players and coach on Switzerland’s national soccer team have declined to take more than 1 million Swiss francs ($1.03 million) of payments that were due from their federation in 2020. The Latest: Fauci bobblehead a hit, raises cash for masks The delay does not impact the start of the Saratoga racing season which is scheduled to begin on July 16 and run through Sept. 7. The meet will be highlighted by the Travers and Whitney.In New Jersey, Monmouth Park has pushed back the opening of its stable area until June 1. That’s a month later than the planned opening. Live racing is set to start the Fourth of July weekend.The centerpiece of Monmouth Park’s summer season is the $1 million Haskell Invitational on July 18. The winner of the 1 1/8 mile race earns a spot in the Breeders’ Cup Classic. It also will serve as a prep race for the Kentucky Derby, now slated for Sept. 5.___A groom who worked at Belmont Park has died from complications of coronavirus. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effects of the coronavirus outbreak on sports around the world:___Bobblehead Hall of Fame CEO Phil Sklar will present a virtual $100,000 check Wednesday afternoon to the Association for Healthcare Philanthropy after the Milwaukee-based museum launched a fundraising campaign with a Dr. Anthony Fauci bobblehead that became its best-seller ever. April 8, 2020 ___The president of the International Paralympic Committee says the body has “cash-flow” problems because of the Olympic and Paralympic postponement until 2021.Andrew Parsons says about 5% of spending is being cut from the IPC’s budget. A 2018 financial report showed a budget of 24 million euros ($25.7 million).Parsons says the problem was due partly to broadcast rights holders who want to delay their payments until the product is delivered.Parsons says it’s not a question of “losing money” but rather some temporary belt tightening. The New York Racing Association says Martin Zapata died Tuesday. The 63-year-old native of Panama had spent the past two years working for trainer Tom Morley in New York, which has been hard-hit by the pandemic.NYRA says Zapata tested positive for COVID-19 on March 24 and was hospitalized two days later. He lived and worked at Belmont Park.___Sevilla has become the latest Spanish soccer club to put its players on furlough to reduce labor costs during the coronavirus pandemic.The club says the measure was needed because it was significantly affected financially by the stoppage of competitions in Spain and Europe. Pras is survived by his wife and two children.___The group charged with monitoring tennis gambling and punishing corruption found a near-doubling in the number of suspect matches in the first three months of 2020. That is an increase it ties to the coronavirus pandemic.The London-based Tennis Integrity Unit’s quarterly report says it received a total of 38 alerts from the regulated betting industry about matches on lower-level tours from the start of the year through March 22.That is up from 21 in the same period of 2019. More than 20,000 orders had come in as of Wednesday from 50 states and a dozen-plus countries to support the “100 Million Mask Challenge.” The Fauci bobblehead was unveiled April 1.The creation features Fauci wearing a suit as he makes a motion showing how the nation needs to “flatten the curve” in the coronavirus pandemic.The museum picked Fauci because many people see the plain-speaking expert on the coronavirus as a hero right now, Sklar said. ___TCU football coach Gary Patterson and his wife, Kelsey, made a $50,000 donation to support the school’s Frog Family Crisis Fund. The team was scheduled to play in the now-postponed European Championship in June and had two games in Qatar canceled last month because of the coronavirus pandemic.The shutdown of games has cost the Swiss soccer body millions of dollars.Federation chairman Dominique Blanc says it’s a “magnificent gesture” from the players.Blanc tested positive for the virus three weeks ago.Team captain Stephan Lichtsteiner says “we wanted to set an example and show solidarity.” Athletic director Jeremiah Donati announced the donation in a tweet. The fund supports TCU students and their families who are in need during times such as the current pandemic.Patterson is the second-longest tenured FBS head coach, going into his 20th season next fall leading the Horned Frogs. He was their defensive coordinator three seasons before that.___The opening of the stable area and training track at Saratoga in upstate New York and barn area at Monmouth Park in New Jersey is being delayed because of the coronavirus pandemic.The Oklahoma training track at Saratoga was set to open April 15. The New York Racing Association says it has yet to decide an appropriate date to safely open. He says “like all businesses we are tremendously affected by the COVID-19 crisis.”He says he is dealing with 150 contracts that are games-related but adds “we have no plans to let any staff go at the moment.”___The track world championships in Eugene, Oregon, have been rescheduled for July 15-24, 2022.The event was pushed back a year because the Tokyo Olympics were delayed until 2021 amid the coronavirus pandemic. Formula One says it will furlough half of its staff until the end of May and senior executives will take pay cuts amid the coronavirus pandemic.F1 has postponed eight races so far this season and the Monaco Grand Prix has been canceled.F1 says senior leadership figures will take “voluntary pay cuts while still continuing to work and not in furlough.”CEO Chase Carey will take a “much deeper” pay cut.The McLaren and Williams teams had already put some staff on furlough schemes. McLaren drivers Lando Norris and Carlos Sainz have also taken pay cuts. It says it reached an initial agreement with the first-team players and coaches regarding their salaries but no details were immediately released.The club says 360 employees in total will be affected. It says workers who can continue doing their jobs remotely will not go on furlough.The current contracts will remain valid after the furloughs end.Barcelona and Atlético Madrid had already requested government furloughs to reduce labor costs. They reached agreements with players to reduce their salaries by 70%.The league said Tuesday eight teams had already requested the furloughs. It expected nearly all clubs in Spain to eventually reach agreements for the reduction of salaries of their players. The season is currently scheduled to begin in France on June 28. F1 management has said it still hopes to hold between 15 and 18 races this year in place of the original 22.___A two-time Olympic finalist in the 800 meters has died after getting infected with the coronavirus.The Italian Olympic Committee says Donato Sabia has died. He was 56.CONI says he is the first Italian Olympian to die with the virus. Associated Press last_img read more

CAF CONFEDERATION CUP: Rangers Win in Egypt, Fail to Qualify for…

first_imgHowever, the victory was not enough to guarantee the Flying Antelopes qualification for the quarter final. Al Masry 1-0 victory over Nouadhibou of Mauritania effectively eliminated Rangers from progressing to the last eight stage.The lone goal scored by Ifeanyi George in the 73rd minute was however the first time any club will beat the Egyptian team on home soil at the Air Defence Stadium. It was  also the first time ever that the Flying Antelopes have won a match in Egypt.Ifeanyi George latched onto a long pass from Msonter Shimaga to skip past his marker and beat the advancing keeper in the 73rd minute.The hosts were guilty of squandering some easy chances, including a glaring one from Ghanaian striker John Antwi with the goal at his mercy and a close-range header from Mohamed ElGabbas that was brilliantly denied by Nigerian keeper Nana Bonsu.After securing the top spot of this group with 12 points from their previous four matches, Pyramids FC Coach Ante Cacic rested several of his key players such as skipper and schemer Abdallah El-Said, winger Islam Eissa, midfielder Emad “Dunga” Nabil and defender Ali Gabr.Enugu Rangers are now third in the group with five points, four points  behind Egyptian side Masry defeated  FC Nouadhibou of Mauritania later yesterday.Rangers’ last match will be at home against Al Masry.Nigeria’s other team in the second tier continental competition, Enyimba FC  were held 1-1 by Hassania Agadir of MoroccoThe People’s Elephant however remain in contention for the quarter final. Their chances were brightened by the goalless draw Paradou of Algeria played with   FC San Pedro of Cote d’Ivoire late last night. They just need to avoid defeat in their last game with the Ivorians next Sunday to berth in the Quarter final.In Group B, Morocco’s RS Berkane hammered ESAE of Benin Republic 5-1to qualify for the quarter finals even with a game to spare. Zambia’s Zanaco needs just a point from their last group game to also berth in the quarter finals.In Group C, Horoya of Guinea defeated Bidvest of South Africa 2-1 to lead the group. The battle for the second ticket from the group is between Djoliba of Mali and Al Nasir  SC of Libya. Nigeria’s Enugu Rangers ended the four-match unbeaten run of fast rising Egyptian team, Pyramids FC in the CAF Confederation Cup Group A with a 1-0  away victory yesterday evening. Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram ReplyForward *Enyimba on course for Last EightDuro Ikhazuagbelast_img read more

LeBron James surpasses 30,000 points

first_imgJames attempted to do it at home on Saturday, but finished with just 18 points on eight of 17 shooting in a 148-124 blowout loss to the Oklahoma City Thunder.– Young King –Prior to Tuesday’s game, James took to Instagram to congratulate himself. “The House you are about to be apart of has only 6 seats in it …. Congrats again Young King,” he wrote.James started out as a high school phenom who grew up to play for his hometown Cavaliers’ team, then the villain who left for Florida and eventually to the favourite son who returned home.He was drafted first overall by Cleveland in 2003 and in February 2008 he became the youngest player to score 10,000 points.Five years after James played in his first all-star game in 2005, he made “The Decision” to take his talents to South Beach to play for the Miami Heat.The move paid off with his first NBA title in June 2012, when the Heat beat Oklahoma City in five games.After much success in Miami, James announced on July 2014 he was returning to Cleveland and two years later he delivered a championship, ending the city’s 52-year title drought.James could now make a run at the league’s all-time scoring record — Kareem’s career total of 38,387 points.But before that, there are more milestones to collect. Coming into Tuesday’s game, James led the NBA in field goals made this season (463) and over his career, he has made 10,886 field goals which is 19 away from surpassing Nowitzki (10,904 FGM) for eighth all-time in league history.Share on: WhatsApp Los Angeles, United States | AFP | LeBron James made NBA history on Tuesday, hitting the final shot of the first quarter to become the youngest player ever to reach the 30,000 career regular season point milestone.James, who turned 33 on December 30, surpassed Kobe Bryant as the youngest player to hit the 30,000 figure. Bryant was 34 years and 104 days old when he reached the mark.The Cleveland superstar James did it by nailing a step back jump shot against the San Antonio Spurs with 1.1 seconds remaining in the first for his eighth point of the contest.James finished with 28 points on 10-of-23 shooting from the field in the Cavaliers’ 114-102 loss to San Antonio, boosting his total to 30,021.James came into the game needing just seven to scale the height only six others have achieved so far. He joins Kareem Abdul-Jabbar (38,387 points), Karl Malone (36,928), Bryant (33,643), Michael Jordan (32,292), Wilt Chamberlain (31,419) and Dirk Nowitzki (30,808) on the select list of high scorers.“Congrats #KingJames. Welcome to the club!!!” Nowitzki wrote on Twitter.James opened his scoring night with a drive and a left-handed layup with 7:19 left in the first quarter. He added two more points on a finger roll layup with just over four minutes left. He got to within one point of the mark with 64 seconds to go with his first successful jump shot of the game.“Congratulations to LeBron on reaching 30,000 points – yet another milestone in an extraordinary career that continues to inspire,” said NBA commissioner Adam Silver.There was a very good chance history would be made on Tuesday at the Spurs AT&T Center arena as James came into the game averaging 26.8 points, 7.8 rebounds and 8.7 assists per game this season.last_img read more