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Click here if you’re unable to view the video or photo gallery on your mobile device.OAKLAND — The Raiders celebrated their homecoming with a yard to spare Sunday, with Karl Joseph breaking up a Matt Stafford pass in the end zone to preserve a 31-24 win over the Detroit Lions at the Coliseum.With the game tied 24-24 after Derek Carr’s 9-yard touchdown pass to Hunter Renfrow, Stafford drive the Lions from their own 23 to the 1-yard line, as Nick Morrow and Lamarcus Joyner stopped a 13-yard …
17 January 2006The European Union is a key source of new foreign investment for South Africa, although the benefits of the EU-SA Free Trade Agreement require better marketing.And while the outlook for investing in South Africa is broadly positive, a stable currency is vital for attracting more foreign direct investment (FDI) into South Africa.These are just some of the findings of research conducted by the BusinessMap Foundation, in association with the London-based Centre for Research into Economics and Finance in Southern Africa, on the effect of the EU-SA Free Trade Agreement – more accurately called the Trade, Development and Cooperation Agreement – on investment in SA.The research also stressed the need for the possible benefits of the agreement to be better marketed to EU and South African firms, and offered a possible explanation of why FDI flows to SA are low compared to similar countries. The full report, Foreign Direct Investment in South Africa: The initial impact of the Trade, Development and Cooperation Agreement between South Africa and the European Union, was released on Tuesday and is available on the BusinessMap Foundation website.The project used BusinessMap’s unique database of FDI, as well as the results of interviews BusinessMap conducted with top executives of 25 foreign-owned firms in a wide range of sectors and of various sizes.Since the sample is small, despite the high quality of the interviewees, the results should be considered as initial expectations of important factors influencing investment, rather than being conclusive. Nonetheless, the results seem to bear out previous surveys of foreign investors in the country.Broadly positive outlookFor the companies sampled, the volatility of the exchange rate stood out as having the strongest negative effect on investment, along with the level of crime and corruption, the spread of HIV/Aids, the quality of the rail service, and the existence of exchange controls.Those factors having the strongest positive affect on investment included the stability of the local business environment, the economic policy framework and rate of growth, political stability and the quality of infrastructure and services (excluding, however, rail and ports).The responses received in the interviews regarding the performances of the firms relative to their initial expectations, together with the number of firms having expanded their local operations in recent years, presented a broadly positive outlook for investing in South Africa.FDI and the domestic economyThe interviewed investors commonly employ a workforce that is almost entirely local, and most of the interviewed firms use mainly local inputs, thus supporting the view that an associated benefit of FDI is the creation and maintenance of linkages in the domestic economy.Data gathered on the markets served by the companies showed a strong focus on the domestic market, reflecting market-seeking objectives of foreign investors. Notable exceptions to this include companies in the automobile and resource sectors.While many firms were active in the rest of Africa, the percentage of products sold there was low, indicating that the main focus remains the larger and more important South African market.Fewer firms sold products to the EU and the rest of the world; however, if a company entered these markets the percentage of products sold was generally higher than into the rest of Africa.Developed capital market blunts FDICrucially, the report finds that FDI into South Africa may be low because South Africa is unlike other developing countries in having a developed corporate sector and capital markets.The report argues that the developed corporate sector and large domestic capital market facilitates greater interaction between local and foreign investors, which can be seen by the relatively high proportion of acquisitions as a mode of entry.One outcome of this may be that the country receives less foreign capital than countries with underdeveloped capital markets, as much of the necessary capital is available domestically.However, the report differentiates between the level of foreign investor activity and the level of investment flows, suggesting that while the flows have been low compared to other middle-income countries, the level of activity is more significant than the official figures suggest.Sources of foreign investmentEU companies are a key source of new foreign investment for South Africa. The level of EU investment has risen since the late 1990s, partly due to new investment by former South African multinationals now domiciled in the UK.The UK has been the main source of EU investment, followed by Germany, which has also been a consistently significant partner. For other member states, shares of investment have been heavily influenced by periodic large transactions.The US, Japan and Malaysia have also been important sources of investment in the past decade. Moreover, there is evidence that a broadening of investment partners has taken place since 2000.Effect of the TDCA on investmentIn terms of the effect of the Trade, Development and Cooperation Agreement (TDCA) on FDI, the results of the research are inconclusive. The limitations of available data mean it is difficult to identify individual instances of export-oriented FDI or the creation of new linkages supported by the TDCA.Furthermore, an important aspect of the agreement is the signalling effect in terms of the commitment to liberalisation and increasing competitiveness in South Africa; here, the foreign investment response would not necessarily be linked to new trade opportunities.Finally, only a short time has elapsed since the start of the implementation of the TDCA, and the foreign investment response seems likely to evolve over time.Investment climate indicatorsThe report also assessed a variety of indicators of the investment climate, comparing South Africa to a selection of 10 competitor economies in Asia, Latin America and Eastern Europe. The analysis is supported by the findings from the aforementioned interviews.Growth rates have increased in recent years, but there is still some way to go before South Africa experiences the rates of growth observed in parts of Asia. Interview evidence confirms the positive impact of current growth rates on the climate for foreign investment in South Africa.The value of trade in South Africa has increased since the mid-1990s and is now more in line with the average performance of middle-income economies. Nevertheless, interview evidence suggests that trade policy, including the TDCA, currently plays a limited role in the climate for foreign investment.In part, this reflects the continued importance of investments targeted at the domestic market. Cooperation to inform firms of the potential benefits of the agreement may be useful, especially for smaller firms who lack resources to monitor new opportunities regularly.Exchange rate volatility is greater in South Africa than many of the competitors, and interview evidence confirms that this is an important weakness in the investment environment. Attracting longer-term forms of foreign investment and increasing export capacity should help to strengthen the resilience of the currency to shocks.Furthermore, recent policy actions, including the strengthening of foreign reserves, should provide the basis for increased stability in the future. This should, in turn, help to reduce the uncertainty facing investors, both foreign and domestic.Institutional frameworkSouth Africa compares reasonably well on several institutional aspects of the investment climate. Firm interviews generally support the view that the broad institutional framework is favourable, but there are concerns with respect to efficiency of government, crime and corruption.Regarding black economic empowerment (BEE), the main concerns from the interviews were related to the issue of transferring equity and the issue of clarity, with firms unsure about the exact requirements of compliance.Labour market regulation in South Africa is less flexible than in several competitor economies and may be interpreted as an institutional weakness.However, there is an important trade-off between flexibility to promote investment and growth, on the one hand, and an adequate level of protection for employees and the promotion of broader BEE objectives, on the other. Interview evidence shows legislation, productivity and skills to be of greatest concern, while costs are viewed more favourably.Telecoms, transport infrastructureThe reach of telecommunications and transport infrastructure in South Africa appears to be broadly in line with middle-income competitors, but costs and reliability must also be taken into account. Interview evidence reveals concerns about the availability and reliability of rail services and inefficiencies and congestion at ports.The quality of IT and telecommunications infrastructure is viewed positively, but dissatisfaction is expressed with high costs.Other aspects of infrastructure and financial and professional services provide a generally positive contribution to the investment climate, but there is some concern regarding future electricity supply.Firms interviewed from the motor industry are reliant on the Motor Industry Development Programme and are concerned about the future of the initiative, which is under review.Reg Rumney is the executive director of the BusinessMap Foundation. TheForeign Direct Investment in South Africaresearch project was funded by the British Department for International Development and the European Commission.
Share Facebook Twitter Google + LinkedIn Pinterest Here are the most viewed videos of 2017. Enjoy.1. Farmers helping farmers (from Ohio to Kansas)2. Crop Duster Full Field Ride-Along2017 Cab Cam: Crop Duster Edition3. 2017 Wheat Harvest Cab Cam – John Deere S700 Series Combine4. Ohio State Fair Governor’s Cup 5. Matt Reese is headed to Kansas! 7. 50th Sale of Champions live2017 Ohio State Fair Sale of Champions 50th Anniversary2017 Ohio State Fair Junior Market Champions ReflectionOhio State Fair Market Beef Final DriveOhio State Fair Market Barrow Final Drive8. Some farmers just need a drink — A #Plant17 Parody Song9. 2017 Corn Harvest Cab Cam – Farm Science Review10. 2017 Soybean Harvest Cab Cam – A 1967 John Deere 55 EB
Rio 2016: Faster, Higher, Stronger Sakshi Malik celebrates after winning the bronze medal. – Reuters SHARE Becomes the first woman wrestler from India to win an Olympic medal COMMENT Wrestler Sakshi breaks open medal chest with bronze on day 12 × Country proud of Sakshi’s feat: President, PM From yearning to fly in an aeroplane as a kid to clinching a bronze in the Olympics, the biggest sporting stage of all, Haryana wrestler Sakshi Malik has come a long way in her fairy-tale journey to etch her name in the sporting history of the country.Born into a humble family at Mokhra village near Rohtak, Sakshi tried playing kabaddi and cricket in her childhood but wrestling became her favourite sport after she started “winning bouts”. But, little did she and her parents knew then that one day she would become the first woman wrestler from the country to win an Olympic medal.Sporting historySakshi last night ended the country’s painful wait for a medal at the Rio Olympic Games by clinching the bronze medal in the 58kg category, pulling off a sensational 8-5 victory over her rival in the play-off bout.The 23-year-old wrestler also became only the fourth woman athlete from India to win an Olympic medal as she earned the dramatic win after falling behind 0-5 in the do-or-die bout on day 12. Her bronze is the country’s fifth medal overall in wrestling in the Olympics.“I never knew what an Olympics was, I wanted to become a sportsperson to travel in an aeroplane. If you can represent India, you can board a plane, and fly,” Sakshi told PTI on the sidelines of a marathon round of interviews to hordes of elated Indian scribes late into the night at the Main Press Centre here.Her brother, Sachin, named after cricket icon Sachin Tendulkar, would ask Sakshi to play cricket, but she would often say ‘no’ and would stare at the sky with aeroplanes flying high. Her family always supported her to pursue her dream.“Parents never forced me, they supported me well in wrestling. Now when I spoke to them briefly after winning the bronze they started crying in joy. I told them, it’s time to celebrate,” Sakshi said.The momentOne defining moment for India at the Rio Games was when Sakshi was lifted by her coach Kuldeep Malik as the duo did a lap of honour before she sat bending on her knees with the tri-colour wrapped around her and a packed hall at the Carioca Arena 2 giving her a standing ovation. RELATED “It was a dream come true for me and I had already pre-planned to celebrate this way,” Sakshi said about winning the bronze medal through repechage after beating Aisuluu Tynybekova of Kyrgyzstan 8-5 in the women’s 58kg freestyle.The toughest phase for Sakshi was when she “struggled” to win a silver at the Commonwealth Games in Glasgow 2014, a lesson that had helped her in winning bronze in Rio. “Everyone was getting medals. Such was the pressure that I thought it would be difficult to return home without a medal. I was under much less pressure here. Haar gaye toh kya ho jayega, lekin jeet gaye toh kya ho jayega… I just had a free mind. I did not fight with pressure, and it helped.”The beginningFrom being an underdog to winning India it’s elusive medal at Rio, Sakshi acknowledged her life will change forever. “I know my life has changed now. I’m not able to see it now but I think after I return home it will be different life altogether. Din raat ka change hone wala hai (The difference will be like between day and night),” she said.Rohtak-to-Rio journey took 12 years of struggle and hardship for Sakshi who was often overshadowed by the Phogat sisters. “It felt strange. Like in the camp for Bulgaria and Spain, there were all Phogats and I was the only Malik in between them. But I did not mind… It was Geeta didi who showed us the way in 2012,” she says about Geeta Phogat’s path-breaking Olympic qualification in London 2012. “Geeta didi won medals for India and I got inspired and gradually I started winning,” she said.Sakshi’s first international success came when she won a bronze at the 2010 Junior World Championships in the 59kg category.Coming into the limelightFour years later, Sakshi won a gold at the Dave Schultz International Wrestling Tournament in 60kg and the biggest moment of her career came at the Glasgow Commonwealth Games in 2014 where she won a silver medal. “When I had returned home after winning the Commonwealth Games medal, everyone was after me and I could not sleep well.“Every time I fell sleep, my brother or mother would tell me ‘get up, you’ve to give interviews, people are waiting’. But I enjoy it, not everyone get a chance of this type,” she admits.Two months later, Sakshi crashed out in the World Wrestling Championships quarterfinals in Tashkent finishing a poor eighth. But she again came into reckoning by winning a bronze at the Asian Championships in Doha 2015.It was only in May this year that Sakshi qualified for the Rio Olympics after making the final of the Olympic Qualifiers in Istanbul where she lost the final to Russian Valeria Koblova.It was only after she made the cut Sakshi was included in the Target Olympic Podium scheme as she did some training in Bulgaria and Spain.A daily routine in Sakshi’s life would be 500 sit-ups and intensive training but at the moment the training can stop and she said she would love to gorge on her favourite aloo parantha and kadhi chawal. “It feels like I’ve not eaten aloo parantha, kadhi chawal for ages now. I was mostly on a liquid, carb-free diet. Now I can relax,” she said.Sakshi is not into movies or chilling out with friends. For her, it’s about sleep and spend some quiet time at home, maybe watching TV. “I just want to lead a peaceful life. I don’t like to travel around or going out for movies. I want a job where I can be at peace. I’ve achieved all this because of my struggle for 12 years. Peace is all what I need, that’s enjoyment for me.”But, this is just the beginning for Sakshi. “I am looking forward to Tokyo 2020.”Ask her whom she would first give the prized medal after she lands in New Delhi, and Sakshi is no high-flying in her reply: “This medal is for everyone in my country. This medal belongs to you, whoever it is… I will say, see ‘I’ve made it’” Published on Sakshi Malik celebrates after winning the bronze medal. – Reuters COMMENTS August 18, 2016 SHARE SHARE EMAIL
VANCOUVER – The international consortium behind plans for a liquefied natural gas terminal on British Columbia’s north coast has awarded the contract to design and build the proposed $40-billion project.A news release from Texas-based Fluor Corp., says it and JGC Corp., based in Japan, have been approved as joint venture contractors for the engineering, procurement and construction of LNG Canada’s planned export facility in Kitimat.The award of the estimated multibillion-dollar contract is conditional on a positive final investment decision from the project partners led by Shell Canada, along with Mitsubishi Corp., Kogas, and PetroChina.A post on LNG Canada’s Facebook page says if the Kitimat terminal moves forward, Fluor and JGC would be responsible for directly hiring the majority of the thousands of skilled workers required during the five-year construction period.Fluor says its team’s design and execution strategy improves the competitiveness and predictability of the Kitimat project and positions LNG Canada for a final investment decision.The final decision was delayed indefinitely by the consortium in 2016 because of a skid in global LNG prices.In addition to construction of the Kitimat terminal, LNG Canada is looking to TransCanada Corp. to build a proposed $4.7-billion Coastal GasLink pipeline to carry LNG from the gas fields of northeastern B.C. to the port for shipment overseas.In March, B.C.’s New Democrat government offered new conditions and tax incentives for the province’s liquefied natural gas projects, including relief from provincial sales taxes, subject to repayment in the form of an equivalent operational payment.LNG projects would also be subject to new greenhouse gas emission standards and would have to pay general industrial electricity rates consistent with other industrial users in B.C., but the framework would repeal an LNG income tax introduced under the B.C. Liberals.Companies in this story: (NYSE: FLR, TSX: SHC)
OSU freshman forward Maddy Field (22) fights for the puck during a game against Minnesota State on Oct. 23 at the Schottenstein Center. OSU won 5-3.Credit: Courtesy of OSUThe Ohio State women’s ice hockey team recorded a tie and win this weekend at Minnesota State, providing some temporary joy in its disappointing 2015-16 campaign.On Friday, the Buckeyes and Mavericks ended regular time in a 3-3 tie and then the Buckeyes won a shootout 2-1. The next, the OSU offense exploded for eight goals, while only giving up three.In the first game, the Buckeyes jumped out to a two-goal lead after the first period off of goals from senior forward Kendall Curtis and freshman forward Erin Langermeier, with Langermeier’s being the first of her collegiate career. Minnesota State was able to cut the deficit in half in the second period with a goal from forward Emily Antony.At 13:45 in the third period, Mavericks freshman Jordan McLaughlin knocked in a goal to tie the game. The Buckeyes answered with a goal from captain Melani Moylan to recapture the lead shortly after, but the Mavericks scored on a power play with 1:15 left to send it to overtime, where neither team was able to score.In the shootout, Curtis found the net first for the Buckeyes. Mavericks defenseman Anna Keys scored on Buckeye goalkeeper Alex LaMere to notch the shootout at one goal apiece. Then, sophomore forward Julianna Iafallo scored to win the shootout for the Scarlet and Gray and grab an extra point.On Saturday, the Buckeyes jumped out to a two-goal lead for the second day in a row. The goals for the Buckeyes were scored by junior forwards Claudia Kepler and Katie Matheny. Minnesota State followed that up with two goals of their own to tie the game. Antony and Katie Johnson were the first-period goal scorers for the Mavericks.Matheny scored in the second period to once again give the Buckeyes the lead but the Mavericks’ Antony scored her second goal of the game and third in two days to tie the game at 3-3. Unlike Friday, however, the Buckeyes did not let the score remain that way.OSU added two more goals in the second period. One came on a power play by Kepler and the other was a short-handed goal by senior forward Julia McKinnon.In third period, the floodgates opened, as the Buckeyes scored three more times. McKinnon scored her second goal of the game off an assist from Iafallo 5:13 into the period. Curtis was able to add another goal for the Buckeyes three minutes later. Then Moylan scored the final goal with less than two minutes left in the game.The eight goals scored on Saturday are the most by the team this season. Kepler and McKinnon each tallied four points.The Buckeyes have another road series on the agenda next weekend when head back to Minnesota to play Minnesota Duluth. The games are scheduled to start at 8:07 p.m. on Friday and 5:07 p.m. on Saturday.
Iowa linebacker Josey Jewell tackles Ohio State quarterback J.T. Barrett during the Hawkeyes’ game against the Buckeyes on Nov. 4. Credit: Jack Westerheide | Photo EditorIOWA CITY, Iowa — No. 6 Ohio State never led for a single second against Iowa, as the unranked Hawkeyes more than doubled its average of 25 points per game and scored the most points ever against an Urban Meyer-coached team Saturday. A week after completing a 15-point fourth-quarter comeback against Penn State that Meyer called the best of his career, Ohio State (7-2, 5-1 Big Ten) could not make up a 21-point third-quarter deficit and fell 55-24 to Iowa (6-3, 3-3 Big Ten) at Kinnick Stadium.Thousands of gold-and-black-clad fans stormed the field to celebrate the win, which crushed Ohio State’s hopes of reaching the College Football Playoff, just as Buckeye fans had done the week before.“Obviously turnovers, they controlled the line of scrimmage, we couldn’t stop them,” Meyer said dejectedly. “Good team, tough environment, we didn’t play very well.”Everything that went right against the Nittany Lions went wrong for Ohio State against the Hawkeyes. “Coming off an emotional win last week against Penn State, and then walking into a hostile environment that we knew, Kinnick Stadium, it’s got it’s Kinnick Curse or whatever you want to call it,” redshirt center Billy Price said. “We just didn’t come prepared today, we weren’t nine units strong and it resulted with the loss today.”Quarterback J.T. Barrett thrust himself into Heisman Trophy contention with a 33-for-39, 328-passing yard performance against the Nittany Lions, but toiled against the Hawkeyes, completing 18-of-34 passes for 208 yards and rushing for a team-high 14 carries for 63 yards. His game-opening interception was just his first of career-high four interceptions. He drove the Buckeyes down the field 80, 74 and 77 yards on the second, third and fourth drives, respectively. But Ohio State picked up just 33 yards on its next seven drives combined.Leading by 14 points late in the third quarter, Iowa sent its field-goal unit onto the field for what seemed to be a short field goal, but instead delivered a gut punch to Ohio State. Rather than kicking, the Hawkeyes spread the formation out and punter Colten Rastetter hit long snapper Tyler Kluver for an 18-yard gain as Meyer stood beside the side judge and decided not to call a timeout. On the next play, Quarterback Nate Stanley hit tight end T.J. Hockenson for a 2-yard touchdown, extending the lead to three touchdowns.The Hawkeyes took advantage of the Buckeyes’ weak secondary as Stanley went 20-of-31 for 226 yards and finished with a season-high five touchdowns. Tight ends Hockenson and Noah Fant led Iowa with five and four catches for 71 and 54 yards, respectively.“It’s kind of hard to explain [the feeling of the loss],” Lewis said. “Have the feeling of embarrassment, feeling of just… As a leader, I feel like I let a lot of people down.”Iowa relied heavily on speedy running back Akrum Wadley, who took 20 carries 118 yards. The Hawkeyes averaged 6.4 yards per carry, more than any team has rushed for against Ohio State in a single game this season.“Nobody expected that, I don’t think, on the defense because we play defense and take pride in stopping the run,” redshirt senior defensive end Tyquan Lewis said.Though the Hawkeyes entered the game having only scored 20-plus points in half of their eight games, they reached the threshold with 13:41 remaining in the second quarter as the Buckeyes seemed incapable of stopping, or even slowing down the Hawkeyes. Iowa outgained Ohio State 487-371 in total yards and picked up 24 first downs.“You expect to go into every game and dominate and play like the Silver Bullets,” Lewis said. “Obviously it didn’t turn out that way. We’ve just got to bounce back.”Ohio State allowed Penn State to score its first touchdown 15 seconds into the game last Saturday. This week, Iowa one-upped the Nittany Lions as sophomore safety Amani Hooker intercepted Barrett’s first pass attempt and ran it back for the game’s opening touchdown, just eight seconds into the game.Ohio State abandoned its running backs during the majority of the game. J.K. Dobbins and Mike Weber combined for 11 carries and 78 yards. Sophomore defensive end Nick Bosa was flagged and ejected for targeting for a head-to-head hit on Stanley near the end of the second quarter. The Buckeyes will be back in action at noon Saturday when they take on No. 24 Michigan State at Ohio Stadium.