Tottenham v West Brom line-ups: Full-backs return, Rose missing, Baggies quartet out

first_imgEmbed from Getty ImagesTottenham have recalled Kieran Trippier and Ben Davies for their Premier League clash with West Bromwich Albion at Wembley.The two full-backs return after being rested for the midweek Champions League win over Borussia Dortmund. Danny Rose is not in the matchday squad.Harry Winks and Son Heung-min – brought into the team following last Saturday’s north London derby defeat – retain their places.Eric Dier will play alongside Winks in midfield, with Spurs switching to four at the back.Erik Lamela, Victor Wanyama and Toby Alderweireld remain absentWest Brom make two changes to the team that lost 4-0 to Chelsea, with 19-year-old midfielder Sam Field replacing Grzegorz Krychowiak and full-back Allan Nyom coming in for 37-year-old Gareth McAuley.The Baggies – in their first game under caretaker-boss Gary Megson – are without former Spurs man Nacer Chadli, Chris Brunt, James Morrison and Craig Dawson.Tottenham: Lloris; Tripper, Sanchez, Vertonghen, Davies; Dier, Winks; Son, Eriksen, Alli; Kane. Subs: Vorm, Aurier, Walker-Peters, Foyth, Dembele, Sissoko, Llorente.West Brom: Foster; Nyom, Evans, Hegazi, Gibbs; Field, Livermore, Barry; Phillips, Rodriguez, Rondon. Subs: Myhill, McAuley, Yacob, Krychowiak, Burke, McClean, Robson-Kanu. Follow West London Sport on TwitterFind us on Facebooklast_img read more

Kevin Durant, Draymond Green take ownership of their turnover issues

first_imgCLICK HERE if you are having a problem viewing the video on a mobile deviceOAKLAND – Steve Kerr might want to scream a vulgarity whenever he disagrees with an officials’ call. The Warriors’ coach might want to break a clipboard when he becomes upset with his players’ effort.There is something else, though, that makes the normally calm and compassionate Kerr go into a rage. He goes ballistic whenever he sees his team commit silly turnovers. “We had just done all of that work down …last_img read more

Darwin Debates Attract Rhetoricians, Some Pro, Some Not

first_imgNothing like a controversy to get people talking.  Some understand the issues and speak with skill and style; some just like to be part of the excitement.  Here are samples from the war of the words over evolution:Connect the Dots:  Having just read Richard Weikart’s From Darwin to Hitler (02/03/2005), Chuck Colson on BreakPoint drew parallels to the Terry Schiavo incident.The Skill of Skell:  Dr. Philip S. Skell again showed the power of a cogent editorial as he asked “Why Do We Invoke Darwin?” in The Scientist.  He claimed that Darwinian evolution is essentially useless as a heuristic in experimental biology.  The subscription-only article has been reprinted by Discovery Institute.Sports ID:  Sally Jenkins, sports writer in the Washington Post, gave surprisingly good press to ID.  Her point is not that ID is good science, but a little philosophical adventurism can be helpful.  She seems to have a point here and there, but mostly engages in name-dropping and complaining that the human body isn’t perfect.  Rob Crowther at Evolution News liked it.  He thought she hit a home run – at least for getting the definition of ID straight. Larsony:  Edward J. Larson, professor of science history (U of Georgia), told the LA Times what he thought the country needs to do about ID: not replace Darwinism, which he feels has been useful to science, but use it as a teachable moment: “good biology teachers could use issues raised by the intelligent design movement to help their classes better understand Darwinism.”  Larson delivered the lectures “The Theory of Evolution: A History of Controversy” in 2002 for The Teaching Company Great Courses Series.  He recognized then and now that most people do not accept doctrinaire evolution and that their values need to be taken into consideration by scientists and educators.  Nevertheless, he agrees with the scientific establishment that science must operate by methodological naturalism.  Tom Magnuson at Access Research Network considers Larson a brilliant man with blinders on.[A]theistic Science:  Cornelia Dean in the New York Times wrote about varying views on God among scientists, focusing on the theistic-evolution views of Dr. Francis Collins of the Human Genome Project.Highlander Games:  No Bobby Burns is he; guest columnist for The Scotsman, Robin Dunbar, called ID a “dangerous folly” and let President Bush have a piece of his mind.When the rhetoric flies, exercise sense, not sensationalism.  Some get it right, some have no context.  This debate has deep roots in history.  Perpetuating buzzwords or labels is not going to make the debate over naturalism vs. design disappear.  Caution: read news articles and editorials on this issue only with Baloney Detector engaged and in good working order – but do read.(Visited 8 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Pregnancy Protects the Unborn from Immune Attacks

first_img(Visited 37 times, 1 visits today)FacebookTwitterPinterestSave分享0 The mother’s immune system learns how to protect the embryo instead of attacking it as foreign material.The immune system is blind; it has no brain on its own.  It is programmed to identify and fight foreign substances; that it does very well.  How, then, can it identify a firstborn implanted embryo as a feature that needs protection instead of attack?  The embryo contains antigens from the father, and its own unique genetic blend, that should rouse the mother’s immune system to fight it as an invader.Specific proteins in specific immune cells are there to help.  They “learn” that pregnancy is a good thing, and they remember it when the next baby is on the way.  A paper in Nature described new findings about this elaborate process.Pregnancy is an intricately orchestrated process where immune effector cells with fetal specificity are selectively silenced. This requires the sustained expansion of immune-suppressive maternal FOXP3+ regulatory T cells (Treg cells), because even transient partial ablation triggers fetal-specific effector T-cell activation and pregnancy loss. …. Here we show that pregnancy selectively stimulates the accumulation of maternal FOXP3+ CD4 cells with fetal specificity using tetramer-based enrichment that allows the identification of rare endogenous T cells. Interestingly, after delivery, fetal-specific Treg cells persist at elevated levels, maintain tolerance to pre-existing fetal antigen, and rapidly re-accumulate during subsequent pregnancy…. Thus, pregnancy imprints FOXP3+ CD4 cells that sustain protective regulatory memory to fetal antigen.   (Rowe et al., “Pregnancy imprints regulatory memory that sustains anergy to fetal antigen,” Nature 490, 4 Oct 2012, pp. 102–106, doi:10.1038/nature11462.)In the same issue of Nature, Alexander G. Betz described the challenge a mother’s immune system faces:Pregnancy poses a conundrum for the immune systems of placental mammals. A pregnant female’s immune system has to defend both mother and fetus from pathogens, while at the same time tolerating the fetus, which contains antigens that the maternal immune system recognizes as foreign because they are the products of genes inherited from the father. On page 102 of this issue, Rowe et al. demonstrate that, during pregnancy, immune cells called regulatory T cells that recognize these paternal antigens proliferate in the mother and specifically suppress the maternal immune response against the fetus. Furthermore, the authors show that a pool of these cells remains long after delivery, facilitating tolerance in subsequent pregnancies.  (Alexander G. Betz, “Immunology: Tolerating pregnancy,” Nature 490, 4 Oct 2012, pp. 47–48, doi:10.1038/490047a.)How did this protective system evolve?  Rowe et al. did not discuss evolution at all, but Betz offered his opinions:Genetically, a fetus is half mother, half father. From an evolutionary perspective, maternal exposure to paternal antigens in the fetus is a relatively new problem: most animals lay eggs, so tolerance is not an issue. Yet physical attachment of the developing mammalian fetus to the mother’s uterine wall by the placenta provides clear benefits — it allows gas exchange, nutrient uptake and waste disposal through the mother’s blood circulation, providing optimal conditions for the growth of the developing fetus. A systemic immune suppression to facilitate this fetal ‘implantation’ would be much too risky because it would expose the mother and developing offspring to infection. So placental animals had to evolve a mechanism for localized and specific immune suppression.One wonders how many babies had to die before evolution came up with this “mechanism,” this “intricately orchestrated process,” by chance.Over and over again we see evolutionists wasting time with stupid notions that are contrary to their own principles.  Evolution does not, and cannot, evolve something “for” something.  Evolution has no foresight, remember?  If it does anything, it recklessly damages what exists, with no care in the world, and then goes on to damage something else with chance mutations.  Whatever remains is that which was lucky enough not to die.  How many millions of embryos had to die for the Darwin lottery to keep the embryo from being destroyed by the immune system?If that were evolution’s only challenge, it would be one thing.  But pregnancy is a part of a hugely complex, interconnected system (“intricately orchestrated process”) involving three individuals: father, mother, and child.  Betz was wrong to say, “Genetically, a fetus is half mother, half father.”  No–a fetus (for humans, a baby) is its own individual being, different from both parents even though related.  If Betz were right, every child would be identical.  We all know that each baby is unique in the universe despite inheriting some clear similarities from both father and mother.  There’s no one else like you; no one else has an identical genetic makeup.How did an egg-laying animal develop a uterus in which the embryo would implant itself in the first place?  Egg laying is very different from pregnancy.  One only has to watch the documentaries on fertilization, implantation, development, and childbirth to get just a fragment of a glimpse into the numerous matching systems that all have to work perfectly together, right on time (example: David Menton’s lecture on YouTube).  Most are matters of life and death.  For instance, after relying on its mother’s placenta for 9 months, a newborn baby has to switch on its own independent breathing, with the heart sending to the lungs and liver, or it will die.  In your wildest imagination, suppose evolution got it to that point, but failed to find the lucky mutation to say, “Baby, breathe!”  How many trillions of babies died waiting for the thousands of beneficial mutations to “happen” that Darwinism requires?  Good grief; you get the point.Betz’s speculations about what mechanisms evolution came up with “for” surviving pregnancy add nothing but baloney to a great scientific paper that was doing just fine till Betz felt his inner compulsion to offer sacrifice to Charlie.  Maybe Nature asked him to do it so intelligent design would not be so obvious an inference.last_img read more

Golfurlaub in Sudafrika

first_imgFur den Golfenthusiasten ist Sudafrika ein wunderbares Ziel – und das ist nicht ubertrieben. Das Land bietet ein ideales Klima auf den Fairways unter der strahlenden afrikanischen Sonne und Golfer habe die Qual der Wahl.Wenn Sie die Herausforderung eines Kustenparcours lieben, gibt es eine atemberaubende Auswahl; Wenn Sie gern in großerer Hohenlage spielen, wo der Ball gleich so viel weiter fliegt, gibt es eine ebenso gute Auswahl.Der wahrscheinlich beruhmteste Golfplatz Sudafrikas ist der Gary Player Country Club in Sun City, das Zuhause des Nedbank Golfturniers, welches den hochstdotierten 1. Preis aller Turniere der Welt bietet.Jedoch gibt es viele andere Weltklasseplatze, welche beide Besonderheiten aufweisen, sowohl die Europaische PGA Tour als auch die lokale Sonnenschein Tour und einen Reichtum von ausgezeichneten Platzen außerdem.Sudafrika hat eine Anzahl hochkaratiger Golfer hervorgebracht, einschließlich Gary Player, Bobby Locke, Ernie Els und Retief Goosen und Trevor Immelman, alles Turniergewinner und sobald Sie einige Platze erlebt haben, die wir anbieten, werden Sie verstehen warum.Planen Sie Ihre Golfsafari also schon jetzt!Sudafrikas Top 10 PlatzeLeopard CreekVon der Golf Digest USA (2005) als bester Platz Sudafrikas und Nummer 25 der Welt außerhalb der USA bewertet, liegt Leopard Creek an der Grenze zum weltberuhmten Kruger Nationalpark. Gary Player´s Entwurf bezog die naturliche Umgebung ein, das Zuhause von Afrikas “großen Funf” – Lowe, Leopard, Elefant, Rhinozeros und Buffel – und uber 200 Vogelarten, wahrend die Spieler mittels innovativer Architektur- und Landschaftsbaumethoden geschutzt bleiben.Gary Player Country ClubDer Gastgeber des Nedbank Turniers, Gary Player Country Club in Sun City in der Nord West Provinz, hat 2 Holes, die sich auf der Golf Online Liste der 500 besten Golfholes im Jahr 2005 platziert haben: Das 520 m neunte Hole Par 5 und das 402 m achtzehnte Hole Par 4. Golf Liste USA (2005) setzte den Platz auf Nummer 29 in der Welt außerhalb der USA.Wild Coast Country ClubEntworfen von dem weltrberumten Robert Trent Jones, prasentiert sich der Platz wunderschon vor dem Hintergrund des Indischen Ozeans – aber ist eine Strafe fur diejenigen, die sich in die Wildnis verirren. Das Vorzeige-Hole des Clubs ist das 13. Par 3, welches mit nur 146 Meter eine wirkliche Herausforderung darstellt und in die 500 besten Holes von Golf Online aufgenommen wurde.Fancourt Hotel, Country Club und Golf EstateAuf dem umwerfenden Fancourt Hotel, Country Club und Golfanwesen im malerischen Sud-Kap gelegen, waren die Golfplatze bei Fancourt 2003 Gastgeber eines unvergesslichen Presidents Cup Aufschlages zwischen den USA und dem internationalen Team, wie auch bei der Eroffnung des Women’s World Cup of Golf im Jahr 2005. An 59. Stelle in der Welt außerhalb der USA in der Golf Liste USA im Jahr 2005 gefuhrt, ist der Platz einzigartig in Sudafrika. Gary Player’s Plan benotigte ein Konstruktionswunder, um ihn zusammenzusetzen – mit uber 700.000 Kubikmetern Erde, die bewegt werden mußten, um einen typischen Links-Platz zu kreieren, wo vorher ein flaches Stuck Land war.Durban Country ClubDieser Platz hat mehr sudafrikanische Meisterschaften ausgerichtet als irgendein anderer im Land, die Liste der Gewinner beinhaltet Namen wie Gary Player, Bobby Locke, Bob Charles, Ernie Els und Tim Clark. Auf einem von hohen Dunen umgebenen alten Sumpfland gebaut, verschmilzt der Platz mit seiner Umgebung entlang der Kustenlinie unweit des Indischen Ozeans. 2005 bewertete Golf Digest USA bewertet den Platz mit der Position 62 in der Welt außerhalb der USA, wobei 3 Holes in den Golf Online Top 500 aufgenommen wurden.Arabella Country ClubArabella Country Club ist seit 2003 Gastgeber des Nelson Mandela Invitational und zieht einige der weltbesten Golfer zum Westkap. Angrenzend and die großte Lagune Sudafrikas bietet der Platz – mit dem neunten, siebzehnten und achzehnten Hole parallel zum Wasser – sowohl eine wunderbare Herausforderung als auch eine auffallige Landschaft. Entworfen von dem einheimischen Top-Architekten Pete Matkovich wurde der Platz auf Nummer 100 in der Welt außerhalb der USA vom Golf Digest USA (2005) gelistet.Glendower Golf ClubIm Jahr 1937 erbaut, gewann der Johannesburg´s Glendower Golf Club fruh an Bedeutung als Gastgeber des Transvaal Open nach nur 2-jahrigem Bestehen. Der Gewinner war Bobby Locke mit einem damaligen Weltrekord-Score von 265. Seit der Zeit war dieser Platz dreimal Gastgeber des South African Open und hat große Veranderungen durchlebt. Baume, Wasserhindernisse – bei 11 Lochern – und Bunker sind reichlich vorhanden. Das Vorzeige-Hole 10. Par 4 wurde in Golf Onlines 500 besten Holes der Welt in 2005 einbezogen.George Golf ClubDer malerische, hugelige Platz nicht weit von Fancourt auf der schonen Garden Route des Westkaps ist vollgepackt mit Baumen. Das Vorzeige-Hole, das siebzehnte, das letzte der vier Par 3, war eines der Golf Online´s 500 besten Holes der Welt in 2005.Pecanwood Golf and Country Club EstateAn der Grenze zum Hartebeespoort Darn in der North West Provinz, ist der von Jack Nicklaus entworfene Pecanwood Golf and Country Club Estate vor dem Hintergrund der schonen Magaliesberg Berge gestellt. Golf Digest wahlte ihn zum schonsten neuen Golfplatz des Jahres bei seiner Eroffnung im Jahr 1998.River Club Golf CourseDer sehr exklusive River Club Golf Course in Sandton, Johannesburg wird wegen seiner immer makellosen Bedingungen sehr hoch bewertet. Leider haben nur Mitglieder und deren Gaste Zugang zu dieser malerischen Anlage.SAinfo reporterlast_img read more

Aquariums in Cape Town and Durban: a blue delight for all

first_imgMarine Month is the perfect time for a visit to the aquarium, where sea creatures and humans meet. The two biggest in South Africa are the uShaka Marine World in Durban and the Two Aquarium in Cape Town.        Old and young alike are fascinated by aquariums. (Image: uShaka Marine World, Facebook, reposted from Allyzahra Dinath)Compiled by Priya PitamberIt is easy for a grown-up to capture the wonder of a kid again when they visit an aquarium, where the otherworldly sea creatures open their minds to adventure and discovery.South Africa’s main coastal cities of Durban and Cape Town house the country’s two largest aquariums, the uShaka Marine World and Two Oceans Aquarium, respectively. Both are immensely delightful to young and old alike.Make the most of the last week of Marine Month to visit these water treasures.Two Oceans AquariumLocated at the V&A Waterfront in Cape Town, the Two Oceans Aquarium opened its doors in November 1995.Today, it is recognised as one of the top tourist attractions in the Mother City, reads its website.Through its various exhibits, education and conservation programmes, it has become integral in increasing environmental awareness.There is a lot to see at the Two Oceans: it houses more than 3 000 living sea animals, including sharks, fish, turtles and penguins.It also has an ethereal kelp forest and an exhilarating predator exhibit.WatchSee images of some of the amazing specimens at the aquarium:        (Image: Priya Pitamber)        (Image: Priya Pitamber)        (Image: Priya Pitamber)        (Image: Priya Pitamber)uShaka Marine WorldSpanning more than 16 hectares of prime beachfront, it is easy to understand why uShaka Marine World is the biggest theme park in Africa and the fifth-largest aquarium in the world.There is a lot for visitors to do: wild water rides, visit the aquarium, watch the dolphin shows, or eat and shop.There is also a recreation of a 1920s ship wreck.Watch:See some of the amazing activities at the aquarium:        (Image: South African Tourism, CC BY 2.0, via Flickr)        (Image: South African Tourism, CC BY 2.0, via Flickr)       (Image: South African Tourism, CC BY 2.0, via Flickr)last_img read more

Kia defends latest trade, prefers veteran talent over one rookie

first_imgKammuri turning to super typhoon less likely but possible — Pagasa Typhoon Kammuri accelerates, gains strength en route to PH San Sebastian moves up the stepladder, sets date vs San Beda Read Next Stronger peso trims PH debt value to P7.9 trillion Don’t miss out on the latest news and information. LATEST STORIES Kin of Misamis Oriental hero cop to get death benefits, award — PNP View comments Japan ex-PM Nakasone who boosted ties with US dies at 101center_img DTI to cemetery goers: Buy candles and bottled waters in grocery stores, supermarkets PLAY LIST 01:17DTI to cemetery goers: Buy candles and bottled waters in grocery stores, supermarkets00:50Trending Articles00:48No ceasefire on 2020 budget? Sotto says Senate would prefer it01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games It’s just that the Picanto are looking for more seasoned players, according to the legendary coach.READ: Kia pleads for understanding: ‘Give us a chance to prove our philosophy’“Everybody that will come from draft might not have the necessary experience that we’ll be needing in molding a competitive team. Besides, I always believe that players that make it to the PBA are talented to make it to the pros.”Lipa said that the decision to trade the pick to San Miguel for a number of veterans fits more with what the Picanto’s wants to be “unconventional type of basketball” this season.ADVERTISEMENT Brace for potentially devastating typhoon approaching PH – NDRRMC New Kia team manager Joe Lipa and team governor Bobby Rosales. Photo by Randolph B. Leongson/ INQUIRER.netNewly appointed Kia team manager Joe Lipa is well aware of the talent his team will miss out on as the controversial trade involving the top pick in the 2017 PBA Rookie Draft pushed through on Friday.But Lipa said he doesn’t mind losing one top-flight player if that means Kia will acquire veterans who will all embrace the mentality they are trying to inculcate going forward.ADVERTISEMENT CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA QC cops nab robbery gang leader, cohort “One man cannot spell the difference from a team winning a championship. But for us to have three to four veteran players who we believe isn’t only talented but can also contribute to the development of the younger players, we believe that we can be very competitive,” said Lipa Friday during a small chat with reporters at Azure Residences in Bicutan hours before the trade was approved.READ: PBA approves Kia-San Miguel tradeFEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutThe Picanto acquired Ronald Tubid, JayR Reyes, Rashawn McCarthy, and a 2019 first round pick in exchange for their top pick this year, which is expected to be Christian Standhardinger.“Don’t get me wrong, Christian Standhardinger is a great player. I’ve seen him play and the boy has a big potential,” he said MOST READlast_img read more

Jerry Seinfeld To Stand Up For A Cure Again

first_imgThe Stand Up For A Cure 2013 Concert Series has announced that comedy icon Jerry Seinfeld will perform the first show of the new season with a performance at The Theater at Madison Square Garden on April 17th with special guest Colin Quinn.The show is collaborating with the American Diabetes Association to benefit research for children and youth with diabetes.A limited number of tickets for this highly anticipated event went on sale through Ticketmaster on December 20th at 10AM EST. A passcode is required to purchase tickets for this exclusive event. For more information about supporting this event or purchasing tickets, please visit www.sufac.org or call 1-800-706-CURE.This concert marks Jerry Seinfeld ’s third time performing as part of the Stand Up for a Cure Concert Series which has included other high-profile performers including Bon Jovi, The Dave Matthews Band, Brian Wilson and Barry Manilow. In addition, celebrity hosts have included Julia Roberts (9/10/08 at Madison Square Garden) and Alec Baldwin (6/2/08 at Wamu Theater).The concert will feature a top shelf VIP pre-party hosted by actress, model and Miss Universe, Dayana Mendoza – most recently seen as a contestant on NBC’s the Celebrity Apprentice. In addition, a limited number of Meet and Greet experiences will be available for purchase on Ticketmaster with a passcode. The concert series has been known to attract an A-list audience of celebrities including Lindsay Lohan, Ashley Olsen, Antonio “LA” Reid, Woody Harrelson amongst many others.Welcoming the concert, Larry Hausner , CEO of the American Diabetes Association said: “The American Diabetes Association is grateful for the opportunity to be a part of this special Stand Up for a Cure event. About 1 in every 400 children and adolescents has diabetes and this number continues to grow. Thanks to events like these, we are able to provide a vast array of resources for these youth and their families.”This concert is sponsored by Novo Nordisk. Headquartered in Denmark, Novo Nordisk is a global healthcare company with 89 years of innovation and leadership in diabetes care. The company also has leading positions within haemophilia care, growth hormone therapy and hormone replacement therapy. For more information, visit www.novonordisk.com. Follow US-based news on Twitter: @NovoNordiskUSThe 2013 Stand Up for a Cure Concert Series is produced by Live Production Group who produce events to raise funds and awareness for various medical and social causes.Source:PR Newswirelast_img read more

Ben Jerrys maker ditches London HQ for sole Dutch base

first_imgTHE HAGUE, Netherlands – Unilever, the Anglo-Dutch consumer goods multinational whose vast stable of brands includes Dove, Knorr and Ben & Jerry’s, has opted to have its sole headquarters in the Netherlands rather than Britain, ending a dual structure that goes back nearly 90 years.The company said Thursday that the decision to pick Rotterdam over London is part of a raft of structural changes that will turn it into “a simpler, more agile and more focused business.”While Unilever made no mention of Britain’s impending departure from the European Union, the decision should in practice help it manage the uncertainties of Brexit and is highly symbolic at a time of doubts over London as a global capital.Many firms with operations across the EU are worried about the potential disruption after Britain leaves the bloc in a little more than a year’s time. In a scenario where Britain and the EU fail to agree on the outlines of a future relationship, tariffs could be imposed on a host of products, hobbling supply chains and raising costs for firms.Unilever, however, argued that the move is driven by its need to simplify its structure. Last year, it vowed to slim down its organization and create more value for shareholders after rebuffing a $143 billion hostile takeover bid by rival Kraft Heinz.Besides consolidating the headquarters, it will also divide its operations into three divisions — Beauty & Personal Care, Home Care, and Foods & Refreshment.“The board believes the move to three divisions and the simplification of our corporate structure will create a simpler, more agile and more focused company with increased strategic flexibility for value-creating portfolio change,” Chairman Marijn Dekkers said.“The changes announced today also further strengthen Unilever’s corporate governance, creating for the first time in our history a ‘one share, one vote’ principle for all our shareholders.”David Cheetham, chief market analyst at XTB, said the reasoning seems “pretty logical” given that the Dutch business represents 55 per cent of Unilever’s overall share capital and that the shares listed in Amsterdam are more liquid than those in London.Though the dual headquarters will become a thing of the past, the company’s shares will continue to be traded in London. On Thursday, the share price closed down 1.7 per cent in London and 1.0 per cent in Amsterdam.“Whilst it is tempting to politicize this decision as a clear and obvious example of waning confidence in post-Brexit Britain, that would be remiss, with the simple facts being that it is purely business-based,” Cheetham said.Unilever made a point of saying that staff levels in both countries would be unaffected by the change. The company employs 7,300 people in Britain and 3,100 people in the Netherlands, out of nearly 170,000 worldwide. The company had sales in 2017 of more than 50 billion euros ($62 billion).Analysts note that besides streamlining operations, the decision could help insulate Unilever from a hostile takeover of the kind Kraft Heinz attempted — Dutch laws are considered to be tougher than British ones when it comes to takeovers.Dutch Economic Affairs Minister Eric Wiebes welcomed the announcement, saying it underscored that the Netherlands is an attractive location for big business.“Unilever is a fantastic company to have here,” Wiebes told NOS Radio. “It’s a sustainable company that focuses on long-term job creation.”The British government also had a positive take, saying that Unilever was basing its two fastest-growing divisions — Beauty and Personal Care and Home Care — in Britain and stressing that Brexit was not a factor. In a tweet, the Department for Business, Energy and Industrial Strategy said Unilever’s decision to base its head office in Rotterdam is “part of a long-term restructuring plan of the company and is not connected to the U.K.’s departure from the EU.”Unilever was formed in 1930 by a merger of the Dutch Margarine Unie and Britain’s Lever Brothers. That led to the company’s dual identity — with Unilever PLC in Britain and Unilever NV in the Netherlands technically separate companies but operating together thanks to a raft of agreements that allow them to share everything from brands and technology to identical boards of directors.___Pan Pylas reported from London.last_img read more

The Latest European Central Bank expects slower growth

first_imgFRANKFURT — The Latest on the European Central Bank’s monetary policy meeting (all times local):2:40 p.m.The European Central Bank has lowered its economic growth projections for this year and next year.The bank said Thursday it was lowering the outlook for the eurozone economy this year to 1.9 per cent from 2.0 per cent in its previous forecast in September.The projection for 2019 was lowered to 1.7 per cent from 1.8 per cent.The 19 countries that use the euro have seen growth ease to 0.2 per cent in the third quarter from the previous quarter, down from stronger growth at the end of last year. Worries about trade conflict between the U.S. and China, a possible meltdown of government finances in Italy, and a potential disorderly exit by Britain from the EU have weighed on activity.___12:25 p.m.The European Central Bank is expected to halt the stimulus program that it deployed nearly four years ago to nurture a teetering eurozone economy back to health.Analysts say the bank is likely to confirm Thursday its plan to stop the program’s monthly bond purchases at year end despite worries about growth. The program pumped 2.6 trillion euros ($3 trillion) into the economy of the 19 countries that use the euro.Attention will turn to President Mario Draghi’s news conference for clues about whether the bank might postpone its first interest rate increase.Draghi has credited the stimulus and low rates with creating 9.5 million jobs while Europe’s economy healed from a debt crisis that threatened to break up the euro. But critics in Germany say it bailed out fiscally wobbly governments.The Associated Presslast_img read more