23 March 2012 South African Finance Minister Pravin Gordhan said his country fully supported Nigerian Finance Minister Ngozi Okonjo-Iweala’s candidature for the position of next World Bank chief, as Nigeria, South Africa and Angola jointly announced her nomination on Friday. “We are very proud as Africa and certainly this constituency to confirm that the Minister of Finance of Nigeria is going to be a candidate for the president of the World Bank,” Gordhan said on Friday – the day nominations close in Washington for the top post of the international body. Gordhan was speaking in Pretoria ahead of a constituency meeting of the World Bank between South Africa, Angola and Nigeria.A candidate of choice ‘not just in Africa’ Okonjo-Iweala is serving a second term as Nigeria’s finance minister, and has worked in a senior post at the World Bank for several years. Gordhan described her as being “very experienced”, adding that she holds eminent academic qualifications. “She would be a candidate of choice not just on the African continent but well beyond as well,” Gordhan said. The constituency meeting between South Africa, Nigeria and Angola forms part of the world body’s three sub-Saharan constituencies out of a total of 25 constituencies. Gordhan’s meeting with Okonjo-Iweala and Angolan Planning Minister Ana Dias Lourenco began on Thursday.Call for transparent, merit-based selection Gordhan added that the G20 had made a decision that future processes for the selection of heads of international finance institutions like the World Bank needed to be open, transparent, democratic and merit-based. “We believe that the candidature of Minister Okonjo-Iweala enables those that are going to make this decision in Washington to have before them an eminently qualified individual who can balance the needs of both developed and, importantly, developing countries,” Gordhan said. Okonjo-Iweala would also “provide a new vision and sense of mission to the World Bank and its relevance, particularly to developing countries across the globe”. South Africa and Angola have committed themselves to mobilise support for the Nigerian minister through the various bodies to which they belong on the continent.South Africa to lobby for BRICS support The countries will garner support for her candidature at next week’s meeting of the continent’s finance ministers in Addis Ababa, as well as at the BRICS summit in India, where South Africa will encourage Brazil, Russia, India and China to support Okonjo-Iweala’s candidacy. The World Bank is expected to choose its next leader before its Spring meeting in late April. Asked about other nominated candidates, Gordhan said the US was expected to field a candidate later on Friday. “We’ve heard the name of a Columbian academic and former finance minister Jose Antonio Ocampo, and Prof Jeffrey Sachs has made himself available. There could well be last minute surprises that we are unaware of,” Gordhan said. Okonjo-Iweala said she hoped the contest she faced would be merit-based and that those nominated applied their best minds in the interviewing processes. “I hope that the best candidates come forward,” she said. “I consider the World Bank [as] a very important institution for the world, particularly developing countries deserving of the best leadership. I look forward to a contest of very strong candidates. Am I confident? Absolutely,” she said. Okonjo-Iweala said it would be premature for her to lay out her vision for the World Bank. The current president of the institution, Robert Zoellick, announced in February that he would step down at the end of June. Source: BuaNews
8 July 2014 South Africa has now connected more than half a gigawatt of utility-scale solar power, moving into the world top 10 of countries harnessing renewable energy from the sun, according to figures released last month by Wiki-Solar.org. Wiki-Solar is a leading authority on the deployment of utility-scale solar power – photovoltaic (PV) power stations of 5 to 10 megawatts (MW) and above. The United States tops Wiki-Solar’s list of the top 10 markets for utility-scale solar power, with 349 solar plants together generating 6 498 MW, followed by China (4 607 MW), Germany (3 428 MW), India (1 897 MW), Spain (1 680 MW), the UK (1 523 MW), Italy (875 MW), Canada (714 MW), and France (677 MW). South Africa is in 10th spot, with 15 solar plants now contributing 503 MW to the country’s electricity grid. Most of these plant were built under the first round of the government’s renewable energy programme for private producers – and with several solar projects still under construction, and contracts for further projects having been signed, South Africa is likely to climb still further up Wiki-Solar’s rankings. In November, the Department of Energy signed agreements with 17 new preferred bidders in the third round of the programme, following the signing off of 47 projects in the first and second rounds, bringing to 64 the total number of renewable energy projects approved by the government since December 2011. Once they are all operational, the 64 projects – representing foreign and domestic investment of over R100-billion – will add around 3 900 megawatts of wind, solar photovoltaic and concentrating solar power to South Africa’s energy mix. And in his State of the Nation address last month, President Jacob Zuma said the government would push ahead with the fourth round of the programme so as to take advantage of wind, solar, biomass and other technologies that increased opportunities for rural development in the country. First-round solar projects that are delivering power to South Africa’s national grid include: SAinfo reporter The 75 MW Lesedi and 75 MW Letsatsi plants situated in the Northern Cape and Free State provinces respectively, built by a consortium lead by US company SolarReserve.The 75 MW Kalkbult solar plant near Petrusville in the Northern Cape, built by Norwegian-based company Scatec Solar with local partners.The 50 MW De Aar and 50 MW Droogfontein solar plants near De Aar and Kimberley in the Northern Cape, built and operated by a consortium led by British company Globeleq.The 22 MW Herbert and 11 MW Greefspan solar plants in the Northern Cape, built by US firm SunPower and owned by a joint venture between Spain’s AMDA energy and South Africa’s Alt-E Technologies.
All businesses have some vulnerabilities and are challenged by a variety of risks. Some of the risks businesses face include enterprise risk, operational risk, project risk, IT risk, and financial risks.The GRC market is expected to grow to $11.5 billion by 2019 as a result of nearly 15 percent annual growth over the next four years, according to a study by Micromarket Monitor.Governance, Risk Management, and Compliance (GRC) solutions are designed to mitigate risk and help businesses steer clear through the various threats which they face. Governance is the overall management of a businesses so as to achieve a set of goals and objectives. Risk Management is the prediction and management of threats that could stop a business from achieving its desired goals. Compliance with both government laws and regulations and company policies and procedures keeps businesses from running afoul of state and federal regulations.Who or what is affected by GRC? Forrester analyst Christopher McClean said that it is “everybody in the organization. Every individual has risk implications tied to him or her.”The dangers of not getting GRC right include the following, according to an SAP/Loudcloud study: loss of business and revenues (45 percent), reputational damage (42 percent), business disruption (37 percent), lawsuits (32 percent) and financial penalties (31 percent). Companies whose valuations are based on the high value of their brand are particularly vulnerable.The range of issues that fall under the umbrella of GRC is very large, so much so that Gartner recently broke down their analysis of GRC into seven different submarkets:IT Risk ManagementOperational Risk ManagementIT Vendor Risk ManagementBusiness Continuity Management PlanningAudit ManagementCorporate Compliance and OversightEnterprise Legal Management
300-million-year-old ‘Tully Monster’ may not be the creature scientists thought it was Sean McMahon/Yale University The mysterious “Tully Monster,” a 15-centimeter-long, stalk-eyed creature (artist’s concept above) that swarmed the seas of what is now Illinois more than 300 million years ago, was a vertebrate and a close relative of lampreys. At least that’s what scientists concluded 3 years ago. An even more recent study seems to have confirmed that classification. But a new analysis could shake up this strange animal’s family tree.This new effort focused on the eyes of Tullimonstrum, whose informal name honors the paleontologist who first discovered it. They homed in on melanosomes, microscopic, pigment-containing structures that often bind to metals such as zinc and copper, which possibly serve as antioxidants. Such structures were widely thought to be present only in the eyes of vertebrates, hence a previous team’s 2016 classification.But analyses of modern-day invertebrates such as the common octopus (Octopus vulgaris) and the European squid (Loligo vulgaris) reveal that melanosomes can be found in invertebrate eyes, too, the scientists report today in the Proceedings of the Royal Society B. Not only that, the melanosomes in invertebrate eyes appear to attract and bond to metals differently from those in vertebrate eyes. Whereas melanosomes in vertebrate eyes sport higher concentrations of zinc than their invertebrate counterparts, those in the eyes of the invertebrates they tested contain higher proportions of copper, especially the Cu+1 form of the element. Interestingly, the researchers note, fossil melanosomes from the eyes of Tullimonstrum contain little zinc compared with the melanosomes of vertebrate fossils found in the same rocks, and they also contain substantial amounts of Cu+1.Sign up for our daily newsletterGet more great content like this delivered right to you!Country *AfghanistanAland IslandsAlbaniaAlgeriaAndorraAngolaAnguillaAntarcticaAntigua and BarbudaArgentinaArmeniaArubaAustraliaAustriaAzerbaijanBahamasBahrainBangladeshBarbadosBelarusBelgiumBelizeBeninBermudaBhutanBolivia, Plurinational State ofBonaire, Sint Eustatius and SabaBosnia and HerzegovinaBotswanaBouvet IslandBrazilBritish Indian Ocean TerritoryBrunei DarussalamBulgariaBurkina FasoBurundiCambodiaCameroonCanadaCape VerdeCayman IslandsCentral African RepublicChadChileChinaChristmas IslandCocos (Keeling) IslandsColombiaComorosCongoCongo, The Democratic Republic of theCook IslandsCosta RicaCote D’IvoireCroatiaCubaCuraçaoCyprusCzech RepublicDenmarkDjiboutiDominicaDominican RepublicEcuadorEgyptEl SalvadorEquatorial GuineaEritreaEstoniaEthiopiaFalkland Islands (Malvinas)Faroe IslandsFijiFinlandFranceFrench GuianaFrench PolynesiaFrench Southern TerritoriesGabonGambiaGeorgiaGermanyGhanaGibraltarGreeceGreenlandGrenadaGuadeloupeGuatemalaGuernseyGuineaGuinea-BissauGuyanaHaitiHeard Island and Mcdonald IslandsHoly See (Vatican City State)HondurasHong KongHungaryIcelandIndiaIndonesiaIran, Islamic Republic ofIraqIrelandIsle of ManIsraelItalyJamaicaJapanJerseyJordanKazakhstanKenyaKiribatiKorea, Democratic People’s Republic ofKorea, Republic ofKuwaitKyrgyzstanLao People’s Democratic RepublicLatviaLebanonLesothoLiberiaLibyan Arab JamahiriyaLiechtensteinLithuaniaLuxembourgMacaoMacedonia, The Former Yugoslav Republic ofMadagascarMalawiMalaysiaMaldivesMaliMaltaMartiniqueMauritaniaMauritiusMayotteMexicoMoldova, Republic ofMonacoMongoliaMontenegroMontserratMoroccoMozambiqueMyanmarNamibiaNauruNepalNetherlandsNew CaledoniaNew ZealandNicaraguaNigerNigeriaNiueNorfolk IslandNorwayOmanPakistanPalestinianPanamaPapua New GuineaParaguayPeruPhilippinesPitcairnPolandPortugalQatarReunionRomaniaRussian FederationRWANDASaint Barthélemy Saint Helena, Ascension and Tristan da CunhaSaint Kitts and NevisSaint LuciaSaint Martin (French part)Saint Pierre and MiquelonSaint Vincent and the GrenadinesSamoaSan MarinoSao Tome and PrincipeSaudi ArabiaSenegalSerbiaSeychellesSierra LeoneSingaporeSint Maarten (Dutch part)SlovakiaSloveniaSolomon IslandsSomaliaSouth AfricaSouth Georgia and the South Sandwich IslandsSouth SudanSpainSri LankaSudanSurinameSvalbard and Jan MayenSwazilandSwedenSwitzerlandSyrian Arab RepublicTaiwanTajikistanTanzania, United Republic ofThailandTimor-LesteTogoTokelauTongaTrinidad and TobagoTunisiaTurkeyTurkmenistanTurks and Caicos IslandsTuvaluUgandaUkraineUnited Arab EmiratesUnited KingdomUnited StatesUruguayUzbekistanVanuatuVenezuela, Bolivarian Republic ofVietnamVirgin Islands, BritishWallis and FutunaWestern SaharaYemenZambiaZimbabweI also wish to receive emails from AAAS/Science and Science advertisers, including information on products, services and special offers which may include but are not limited to news, careers information & upcoming events.Required fields are included by an asterisk(*)Together, the findings suggest Tullimonstrum could have been an invertebrate. And similar analyses could help scientists classify other mysterious creatures from the past, the researchers suggest. By Sid PerkinsOct. 22, 2019 , 7:01 PM
India pacer Ishant Sharma, England’s limited-overs captain Eoin Morgan and former Australia pace spearhead Mitchell Johnson are among seven players who have listed themselves at the highest base price of INR 2 crore (approx USD 298,000) for the Indian Premier League season 10 player auction.England allrounders Ben Stokes and Chris Woakes, Sri Lanka captain Angelo Mathews and Australian fast bowler Pat Cummins are the rest of the players in this bracket.The IPL auction is scheduled to be held in Bengaluru on February 20.The INR 1.5 crore bracket has England’s Johnny Bairstow, New Zealander Trent Boult, Australia’s Nathan Lyon and Brad Haddin, South African Kyle Abott and Jason Holder of the West Indies. (Yuzvendra Chahal a product of Indian Premier League: Sourav Ganguly to India Today)A total of 799 players are part of the initial roster which would be reduced once the franchises submit their preferences before the deadline this weekend. There are 160 capped players from eight countries – leaving out Bangladesh and Pakistan – and 639 from India, Australia, South Africa, New Zealand, Sri Lanka and West Indies.This will be the final year of IPL before the teams overhaul their squads for the 2018 season.The existing player contracts will expire after this season of the league and most players are expected to go under the hammer at a mega auction ahead of the 2018 season.
TagsTransfersAbout the authorAnsser SadiqShare the loveHave your say Ljungberg primed to takeover at Arsenal if Emery departsby Ansser Sadiq9 days agoSend to a friendShare the loveArsenal legend Freddie Ljungberg could be the man to take on the managerial job at the club next season.The Gunners are not thinking about sacking coach Unai Emery imminently.But the Spaniard is on thin ice, as fans are unhappy with the team’s performances so far this season.If Arsenal do not finish in the top four or win the Europa League, Emery would likely depart.And notoriously reliable journalist David Ornstein, who works for The Athletic, claims the club see Ljungberg as the natural successor to Emery.He said: “Freddie is highly-rated by the players and staff, and the logical feeling is he would take temporary charge if anything happened with Emery.”He has ‘number one’ ambitions of his own and won’t hang around somewhere for too long if he doesn’t think the opportunity will come.”
Ohio State redshirt junior forward Keita Bates-Diop (33) takes a 3 pointer in the first half of the game against Maryland on Jan. 11 in the Schottenstein Center. Ohio State won 91-69. Credit: Jack Westerheide | Photo EditorNo. 13 Ohio State (18-4, 9-0 Big Ten) is exactly halfway through its conference schedule with nine games won and nine games remaining. It narrowly edged out Nebraska Monday, 64-59, in its closest conference game of the season. Here are some notes from the postgame press conference. Keita Bates-Diop finding production despite tighter defensive coverageThe cat is out of the bag: redshirt junior Keita Bates-Diop is one of the best players in college basketball. The 6-foot-7 forward averages 19.7 points and 8.8 rebounds per game, shooting 50.5 percent from the field and 36.6 percent from the 3.Earlier in the year, teams played man-to-man against Bates-Diop. It allowed him to easily drive and to shoot high-percentage shots inside or catch wide-open passes from beyond the arc and knock home 3s. But teams have started to press more often in their coverage of him, double-teaming him to prevent him from having those open looks. His current four-game stretch has seen him average his lowest point rate (16.8) since he averaged 15 points per game from Nov. 19-26. The added defensive pressure has made it more challenging for Bates-Diop to find open lanes to drive to the basket. But against Nebraska, he said he was able to stay moving and would eventually find open space without the ball before catching a pass and making a play.“So I started slipping screens and just moving around a little bit more, cutting a little bit more off the ball and all my teammates found me,” Bates-Diop said Monday. “It was mostly just layups to the basket.”He had been off to a slow start, making only 2-of-5 shots from the field and struggling to find open shooting chances given the coverage. Ohio State head coach Chris Holtmann said he typically does not have to say much to Bates-Diop when he goes into a bit of a lull and that it is always just a matter of time until his star forward starts putting up points.“I just told him I’d like for you to score a lot more and go get 14 really quickly here,” Holtmann joked. “He’s getting a lot of attention. He missed some open shots, but he made some huge plays for us. And I thought our guys did a nice job finding him in the post late too.”Four games in eight daysWhen the Buckeyes went to the locker room after the game Monday night, they finally had a chance to really catch their breath. They had just wrapped up their fourth game in eight days with the first three coming on the road. “I definitely am a little fatigued,” senior forward Jae’Sean Tate said. “I mean you know that’s just the cards we were dealt. Especially this season with the tournament being moved up, it’s a little tougher. But I think as a team, we’re doing a great job. The coaches are focusing more on film and recovery.”Holtmann said the team did not discuss any change in approach to the four-game stretch, but that the players have worked additionally with strength and conditioning coach Quadrian Banks to avoid getting too worn down.He also said he wanted three of his starters — junior guard C.J. Jackson, Bates-Diop and Tate, who played 37, 37 and 33 minutes, respectively — to get more rest given how much they had played during that stretch. However, given how close Monday’s matchup wound up being, he was unable to rest his starters as much as he would have liked.“We’re going to continue to trust and use our bench,” Holtmann said. “We played seven guys over 20 minutes, which is kind of normal. But we need to continue obviously for Thursday. We need to probably utilize our bench even more if we can.”Andre Wesson and Andrew Dakich providing much-needed reliefPart of those bench players who have helped to provide key relief for starters have been sophomore forward Andre Wesson and redshirt senior guard Andrew Dakich. Wesson, who lost time over the summer due to an undisclosed injury, has worked his way back and has taken the role of the top bench forward. Over the past five games, he has averaged 21.8 minutes per game.Though he has only averaged 2.8 points per game over that stretch, the players and coaches have raved about his passing and defense being valuable coming off the bench. “Sometimes you guys may not see things that don’t show up on stat sheets, but he’s being a great defender,” Tate said. “He’s getting his hands on deflections, he’s boxing out his man, making sure they don’t get the ball, but also keeping balls alive.”Like Wesson, Dakich has not been the most productive scoring guard, averaging just 3.8 points per game over his past five games — with an average of 22.4 minutes per game. Unlike Wesson, he lacks the size to guard taller forwards attempting jump shots. He also lacks game-changing speed, but Holtmann said the 6-foot guard makes up for it with his awareness.“What he lacks in athleticism — and let’s be honest, he lacks athleticism — he makes up for it so much in his IQ and his ability to connect his teammates,” Holtmann said. “I did not realize he’d be this solid for us defensively. They tried to ice him tonight and people shot over at times, but he’s hard to get around.”Up NextOhio State will try to extend its unbeaten streak in the Big Ten to 10 games when it hosts Penn State at 8 p.m. Thursday in the Schottenstein Center.
German luxury car maker BMW seemed to have been making some aggressive plans for India. The company is now all geared to introduce its petrol-electric hybrid i8 at the upcoming Auto Expo 2014.The car, which made its global debut at the Frankfurt Motor Show 2013, is powered by a3-cylinder, 1.5-litre, twin turbocharging petrol engine, in combination with an electric motor. The engine generates a power of 231bhp, a peak torque of 320Nm and is mated to a 6-speed automatic gearbox transmission. The car is capable of attaining 0 to 100kmph speed in 4.5 seconds and offers a top speed of 250kmph, along with a fuel efficiency of 40kmpl.The car is likely to be the most expensive from BMW for the India market and, according to various reports, it is likely to come with a price tag of ₹1.5 crore. The company is expected to start rolling out the new offering by early 2014.Also, BMW India has kick-started the promotions for the BMW i series car.”A new kind of movement has arrived. A movement that defines your future. BMW i. Its pure progressive shapes will fascinate you. Its lightening performance will energise you. Its intelligent applications and services will help you enjoy more. Its unparalleled use of sustainable technology will allow you to live responsibly. It will combine what is good for you and what is good for tomorrow,” RushLane quoted an update by the company.
ReutersFlipkart Chief Financial Officer Sanjay Baweja has resigned from the company. Baweja will continue to be with the company till December-end.Flipkart has lost ground to Amazon India and has struggled to raise fresh funds, two people familiar with the matter told Mint. Flipkart, which saw its valuation decline this year in the wake of repeated markdowns by some of its investors, is reortedly trying to raise investment from world’s largest retailer Wal-Mart.Since the top management rejig in January this year, which saw Bansal take over the reins as CEO, exits in the top echelons of Flipkart have become common. Punit Soni, the star hire from Google, quit the company less than a year after he joined, the Business Standard reported.The other exits are that of Mukesh Bansal, whose company was acquired by Flipkart, following which he managed some of the top portfolios there.A Flipkart spokesman said December 31 would be Baweja’s last day at the company and the search for a replacement had begun.Flipkart, launched in 2007 by two former Amazon employees, sells a wide range of products from mobile phones to suitcases and cosmetics. Current investors include Tiger Global Management and Accel Partners.