Xi speaks with Jokowi over phone, says China will ‘win’ battle against coronavirus

first_imgXi also conveyed his appreciation for the trust and understanding extended by his Indonesian colleagues, saying that his recent conversation with Jokowi was a reflection of the robust bilateral relationship between China and Indonesia as comprehensive strategic partners.Jokowi reportedly expressed his sympathies to China on behalf of Indonesia during the phone call.COVID-19, linked to a wet market in the Chinese city of Wuhan, has infected more than 45,000 people since it was first reported early this year with a death toll of more than 1,100 people as of Wednesday.The Indonesian government has imposed a travel ban to and from mainland China since Feb. 5 as well as temporary halt in live animal imports from the country in an effort to prevent the deadly virus from spreading to the archipelago .However, Chinese Ambassador to Indonesia Xiao Qian objected to the travel ban as he claimed such a move would likely have a negative impact on the global economy.“In this situation, we need to be calm. Don’t overreact and cause a negative impact on investment and the economy,” he told reporters last week.As of Wednesday, there have been no confirmed COVID-19 cases in Indonesia.(rfa)Topics : Chinese President Xi Jinping told  President Joko “Jokowi” Widodo that the Chinese government was confident it would “win” the battle against coronavirus disease 2019 (COVID-19) in a phone call on Tuesday night.As reported by Xinhua news agency, Xi said containing the outbreak was the government’s top priority, as evidenced by its commitment to implementing “the most rigorous and thorough prevention and control measures”. #BREAKING: Chinese President Xi Jinping speaks over phone with his Indonesian counterpart Joko Widodo, expressing confidence in a full victory in the fight against the novel #coronavirus pneumonia epidemic and achieving goals and tasks of economic and social development pic.twitter.com/QUSdNRTPnZ— China Xinhua News (@XHNews) February 11, 2020He went on to say that China would continue to bolster its cooperation on the mitigation of the deadly viral outbreak with Indonesia and other countries to ensure public health safety.last_img read more

Prudential backs Welsh hydro-power plant despite annuity market changes

first_imgInsurer Prudential has committed to fund a £1bn (€1.2bn) tidal power plant, one of hundreds of projects part of the UK government’s national infrastructure plan (NIP).Investing through its wholly-owned asset management arm M&G Investments, the insurer will act as a cornerstone investor in a project looking to build a hydro-power station in Swansea, South Wales.The completed project is estimated to cost £1bn and aims to become part of a network of tidal plants that could produce 8% of the UK’s electricity requirements.It is expected to open in 2018, with construction scheduled to begin early next year. Commitments from Prudential form part of the UK Government’s agreement with six of the largest insurer’s to spend £25bn on UK infrastructure.The agreement between HM Treasury and the insurers was made after clarifications of Solvency II regulations made the allocation to domestic infrastructure possible, the Government said at the time.Much of the £25bn was expected to be come from insurers’ annuity books, as the firms formed a significant section of the UK individual annuity market.Prudential’s move may alleviate concerns insurers would not be able to stand by their commitment.Three months after the £25bn agreement was announced, Chancellor George Osborne launched radical overhaul of the defined contribution (DC) at-retirement market, removing compulsory annuitisation for majority of savers.The change resulted in more than £1bn wiped off the value of insurers listed on UK stock markets, heavily reliant on the individual  annuity business.The £12bn a year individual annuities market was expected to take a significant hit in value with savers now allowed fully withdraw savings as cash, or electing to use income-drawdown.However, alongside Prudential’s investment, Legal & General (L&G) also affirmed its commitment to the plan despite the hit and long-term impact on its individual annuities book.Michael Abramson, head strategic business for bulk annuities at L&G, said the insurer would use its bulk annuity arm to back the commitment as it expected its overall annuity book to grow.The number of insurers using bulk annuity business from defined benefit (DB) schemes to match falling individual writings is expected to grow after the Budget reforms.Legal & General today announced a £129m buy-in with the Unaic Pension Scheme, part of the Unilever group.last_img read more

Day of reckoning for W Cup holders Germany

first_imgArgentina and Lionel Messi will play France, who were held to a goalless draw by Denmark on Tuesday, in Kazan on Saturday in their last 16 tie.Argentina, the losing finalists in 2014, were heading for a humiliating World Cup exit before Marcos Rojo scored a stunning winner on 86 minutes to send Nigeria home.Messi scored his first goal at Russia 2018 in the first half, but Victor Moses equalised shortly after half-time to put Argentina on the brink of bowing out before Rojo’s late winner.Croatia were confirmed Group D winners after their 2-1 win over Iceland and will play Denmark in Nizhny Novgorod on Sunday in the last 16.Marcos Rojo (lower) celebrates his goal with Lionel Messi after his late goal fired Argentina into the last 16 of the World Cup to seal a 2-1 win over Nigeria on Tuesday. © AFP / GABRIEL BOUYSOn Wednesday, the focus falls on four-time winners Germany, who must beat South Korea by two or more goals in Kazan to guarantee advancing after a shaky start in Russia.The Germans stumbled to a shock 1-0 defeat to Mexico, then needed a stunning 95th-minute winning goal from Toni Kroos with 10 men to beat Sweden 2-1 and keep alive fading hopes of progressing.“We have to be masters of our own destiny,” said Germany head coach Loew.However, Germany’s path to the second round is littered with obstacles as all four Group F teams can still qualify.Even bottom side South Korea can go through by beating Germany if Sweden lose to Mexico in Ekaterinburg, providing the Koreans finish with a better goal difference than their rivals.South Korea coach Shin Tae-yong says his team have just a “one percent chance” of beating Germany and even star forward Son Heung-min played down their chances of an upset.Should the Germans qualify as Group F runners-up, they potentially face a mouth-watering last 16 clash against Brazil in Samara on Monday.– Pressure on Neymar –Brazil forward Neymar can not shoulder the Selecao’s World Cup hopes alone, the South Americans’ head coach Tite said ahead of their Group E clash with Serbia in Moscow. © AFP / Yuri KADOBNOVThings are more straightfoward in Group E, where Brazil need just a point against Serbia in Moscow on Wednesday to be sure of reaching the last 16.Victory will confirm them as group winners, but Brazil head coach Tite is warning their under-fire superstar Neymar cannot be expected to win the World Cup on his own.The world’s most expensive player, who battled back from a fractured metatarsal to be fit for Russia, took plenty of flak despite scoring in the 2-0 victory over Costa Rica last Friday.Both Brazil goals came in added time and Neymar wept after netting their second, but was later accused of diving after the video assistant referee over-turned a penalty awarded to him when replays showed there was no contact.“There is an excessive responsibility on him in terms of success and that is not the way to go,” said Tite.“Maybe we need one more match and he will be in his full form physically and technically, because he is outside the normal standards.”Should Neymar and Brazil stumbled in Moscow, Switzerland are hoping a win over Costa Rica in Nizhny Novgorod on Wednesday could catapault them into the last 16 as Group E winners.The Swiss are second in the table and level on four points with Brazil, but have an inferior goal difference.“I think we should get this done, we want to top the group,” said Swiss head coach Vladimir Petkovic.The Swiss camp is promising no more controversy after FIFA fined three players for their “double eagle” hand gestures to represent the Albanian flag in the politically-charged victory over Serbia.0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Germany’s head coach Joachim Loew (3rd R, in white shirt) instructs his players during a training session in Vatutinki, on June 25, during the Russia 2018 World Cup football tournament © AFP/File / Patrik STOLLARZMOSCOW, Russian Federation, Jun 27 – Germany face their day of reckoning at the World Cup on Wednesday with the holders needing a clear win over South Korea to be sure of reaching the last 16.Joachim Loew’s team hope to follow in the footsteps of Argentina after the 2014 World Cup finalists scraped into the last 16 after a dramatic 2-1 win over Nigeria on Tuesday.last_img read more