Chinese factory activity slows in face of global pandemic

first_imgChinese factory activity grew at a slower pace in April as demand remained sluggish while the world grapples with the coronavirus pandemic, according to official data released Thursday.China is ramping up economic production as daily life returns to normal but with much of the world still facing restrictions on movement and business operations, its factories are facing weak orders.The manufacturing Purchasing Managers’ Index (PMI) came in at 50.8, the National Bureau of Statistics said Thursday, just above the 50 mark that indicates expansion. This was well above the dismal 35.7 reported the month before, at the height of China’s virus outbreak.But NBS data on Thursday found that nearly 60 percent of companies surveyed reported “insufficient orders”, and some firms said market demand was weak, with difficulties in product sales and more time needed before orders return. Zhao said some manufacturing companies reported a sharp decrease in newly signed export orders, and even orders that have already started production have been cancelled.”China’s foreign trade faces greater challenges,” he said. Non-manufacturing PMI came in at 53.2 — up on last month and above analyst predictions.Zhao said there had been a “significant rebound” in the catering industry but added that “the resumption of work and production in some industries is still lagging behind”.”Industries such as accommodation, culture, sports, entertainment and resident services have had a larger impact from the epidemic,” he said.Many sporting venues, cultural centers and cinemas have remained closed throughout April.The last time China’s PMI hovered above the 52.0-mark was in September 2017, before the trade war kicked off. Topics :center_img The figure is slightly below expectations of analysts surveyed by Bloomberg, who forecast 51.0.But Zhao Qinghe, senior statistician at the National Bureau of Statistics, warned that demand was recovering at a slower pace than production, in industries including textiles and chemical raw materials.”The spread of the pandemic is accelerating overseas, and global economic activity has contracted sharply,” he said.The latest figures follow surprise growth of 52.0 in March as businesses went back to work following a lengthy shutdown in China, which brought economic activity to a near standstill.last_img read more

Investors greet ‘long-term’ quantitative easing with cautious optimism

first_imgHermes Investment Management chief economist Neil Williams said the move meant Draghi was addressing the symptoms of the crisis rather than its cause.“Tackling the causes of the euro-zone crisis needs years of work and more than just QE – which, as we know from the US and UK, is a blunt instrument more likely to generate asset-price than ‘feel-good’ demand, inflation,” he said.He said the challenge now was to make sure deflation did not take root in the currency union, like in Japan.“QE has been running [in Japan] for 16 years with little inflation impulse,” he said.“The ECB’s ‘tap’ may be finally on, but, as Japan found out, QE acts like a drug – the more you use it, the more you need it. Euro-zone QE could thus be with us for many years to come.” Nick Gartside, fixed income CIO at JP Morgan Asset Management, said there would be positive implications for European high yield and peripherals, along with riskier assets.“Draghi left unsaid what this inevitably does to the currency,” he said.“You’re looking at the euro likely approaching parity with the US dollar, certainly by the end of the year. Ultimately, that will bring inflation into the region, but longer term the question is whether that will be the right kind of inflation.”CIO at Deutche Asset and Wealth Management, Johannes Müller, said the most lasting effect would be a weaker currency, boosting corporate profits and thus positive for equity markets“Falling bond yields have been driven primarily by declining rates of inflation and inflation expectations, as well as speculation about ECB policy,” he said. “As we do not expect inflation trends to reverse any time soon, returns from bond markets should continue to trade friendly in the short term.”Paras Anand, head of European equities at Fidelity, said the announcement had a negligible “awe” factor.“I wonder whether the ECB’s willingness to expand its balance sheet to stimulate growth had more impact as a latent lever as opposed to one that has been deployed,” he said.Anand was critical of the risk-sharing measure put in place over the bond purchases, which sees a complicated split of risk among national central banks and euro-zone members as a whole.Some 8% of losses stemming from defaults on national government bonds will be shared equally across member states, with 92% absorbed by the central banks purchasing the bonds.Anand said links across the euro-zone were quietly rebuilding from an economic and political perspective.“What we have seen, encouragingly, has been a form of pragmatism – a deferral to informal understanding and an attention to the spirit of collaboration across the single market rather than a constant recourse to the rule book,” Anand said. “I fear the current programme with its focus on ultimate recourse and legal obligations under various negative scenarios is pulling us in the opposite direction.” Asset managers have welcomed further attempts by the European Central Bank (ECB) to stave off deflation and kick-start the economy but warned against unfounded optimism about the measure.Yesterday, ECB president Mario Draghi announced a nearly €1.1trn quantitative easing measure, adding to previous purchases of asset-backed securities and its targeted longer-term refinancing operations.The ECB said the measure was required to ensure the single currency’s inflation would run “below but closer to 2%”. Asset purchasing will be conducted by the national central banks but coordinated from Frankfurt.last_img read more

View of Euthanasia – by a MS Survivor

first_imgDisability Rights Advocate Mark Davis Pickup (Beaumont, Alberta) talks about his clouded judgement at the time of his being diagnosed with MS. Mark’s story will be featured in Vulnerable: The Euthanasia Deception.last_img

Durkan stroll for Arvika

first_img Arvika Ligeonniere’s owner Rich Ricci told At The Races: “He jumped really well, he has really come on from his novice season. “It’s a shame was happened to Sir Des Champs but he’s up and around which is good and it’s a pity Flemenstar wasn’t here for Punchestown. “Our lad was good today and I’m not sure if anything would have beaten him. “When he attacks his fences he is beautiful to watch. It’s a lovely thing to see. “I’m not sure what we will do now, but he seems a different horse this season to me. “We talked about dropping him back in trip just after the race. There’s the Dial-A-Bet Chase (Leopardstown, December 27) and a two-five race at Ascot (Betfair Ascot Chase, February 15) coming up. I’d be happy to drop him back (in trip). “He’s more exciting to watch over the shorter distances.” Russell missed the winning ride on Bright New Dawn in the Setanta Sports 1Euro Offer Beginners Chase. Bryan Cooper made the most of the opportunity on the Dessie Hughes’s-trained six-year-old, who making his debut over bigger obstacles. Bright New Dawn made all the running but the 5-4 favourite had to fight off the Mullins representative Dogora. The four-year-old, receiving 12lb, put in a strong bid after the last but Bright New Dawn was always just holding him on the dash to the line as he prevailed by half a length. Cooper told At The Races: “We’ve always held him in high regard and chasing was always going to be his game. “He had to work hard for it, but I would have been happier if Ruby (on Dogora) had come to me going to the last. I could have done with a bit of company. He was idling, but got the job done. “My lad in a proper true-run race is when you will see the best of him. It was his first run of the season. He was only a length and three-quarters behind Champagne Fever on hurdles form and on that evidence he has held his ability so we can go down that route.” Cooper and Hughes were completing a double, having struck with Apache Jack (5-4 favourite) in the 2014 Annual Membership Maiden Hurdle and looked set to claim a treble with Canaly in the Weatherbys Ireland GSB Handicap Chase but he was caught on the line by Walsh on Daring Article (5-2 favourite). Hughes said: “He always looked like he’d make a chaser but it’s nice to see it happen. He’s in the three-mile Grade One (Topaz Novice Chase) at Christmas, and more than likely that’s where he’ll go. “Hopefully he’ll go on from that and it was a good first run over fences. The second horse had already run and we were giving him 12lb. He jumped well.” Press Association Arvika Ligeonniere enjoyed a facile success for the Willie Mullins team after stablemate Sir Des Champs made an early exit in the John Durkan Memorial Punchestown Chase at the County Kildare track. The 4-7 favourite never looked in any danger with Ruby Walsh enjoying an armchair ride. Rubi Light was held when ploughing through the final fence and was eventually beaten by nine lengths. Walsh said: “The fences are there to be jumped, but it’s very unlike Sir Des Champs to make a mistake like that, but that’s racing I suppose. “My fella jumped well bar the first down the back. “He’s got lots of pace and great scope for jumping. If he was mine I’d be inclined to go back in trip. Why hold him back in a longer race and not play to your strengths. but it’s up to Willie and connections what they want to do.” Following his heavy fall from Sir Des Champs Davy Russell was stood down for the rest of the afternoon. Mullins’ son and assistant, Patrick, said: “Sir Des Champs seems fine. He walked away, it was just one of those things. “At least it’s a long way from March and hopefully he’ll be OK in the morning. All being well he’ll go for the Lexus at Leopardstown. Of the winner, he said: “He’s probably better going right-handed, but he has won a Grade One around Leopardstown and he could drop back in trip.” The field had been reduced to three when last year’s winner Flemenstar was taken out on Saturday and there was drama as early as the third fence where Sir Des Champs fell. That left Arvika Ligeonniere to lead the only other runner Rubi Light for the rest of the two and a half mile Grade One. last_img read more

Stokes and Bairstow fifties set up England win

first_img(REUTERS) – England’s Ben Stokes and Jonny Bairstow struck half-centuries to guide the hosts to a four-wicket victory over Pakistan in the fourth one-day international in Headingley, Leeds yesterday as they went 4-0 ahead in the five-match series.England, who amassed a world record ODI total of 444 for three when they won by 169 runs at Trent Bridge on Tuesday, restricted Pakistan to 247 for eight in their 50 overs, before easing to a match-winning 252-6 with two overs remaining.Pakistan’s innings was anchored by Azhar Ali’s 80 off 104 balls, while Imad Wasim was again impressive with an unbeaten 41-ball 57. However, the tourists struggled to shake off the shackles that England had imposed on them.Adil Rashid took three wickets for 47 runs while Moeen Ali finished with figures of 2-39 as England rarely lost control.Pakistan gave themselves a platform to push on having moved to 110 for two in the 23rd over, but they never managed to gain the upper hand as England kept a tight control on their innings.The tourists enjoyed early success when England’s Jason Roy (14) edged Mohammad Irfan to Mohammad Rizwan in the third over.The hosts’ Alex Hales, Joe Root and Eoin Morgan were also dismissed to leave England on 72-4 in the 15th over.But Stokes hit 69 from 70 balls in a 103-run fifth-wicket partnership with Bairstow to energise the home team.Stokes’ innings ended one run short of his ODI best when he tried to heave an Imad delivery over the boundary allowing Babar Azam to take a simple catch on the rope with England on 175.Bairstow was then run-out for 61 after trying to pinch a single off an Umar Gul delivery only for Azhar Ali’s superb piece of fielding to leave him inches short of the crease and England needing 23 more runs for victory.There was to be no collapse, however, and England comfortably reached their target with Moeen Ali (45 not out) thrashing two sixes off the bowling of Azhar Ali in the 48th over to guide the hosts over the line.last_img read more

Prince halftime show among reasons Super Sunday rocks

first_imgSome people are saying this year’s Super Bowl won’t be so super. While Super Bowl XLI might not go down in history as one of the best, any true sports fan has every reason to watch the big game Sunday, even if they’re not sports-related…Food and beerFood and beer are two necessities of American and, even more so, college life. And what goes better with food and beer than football?Come on, it’s the last football Sunday until next fall — the last time you’ll have the NFL as an excuse to shove away homework and kick back in your EZ Boy recliner.Plenty of bars throw Super Bowl parties offering all you can eat and drink, but if that’s not your thing, throw one of your own with your buddies. Bring all the hors d’oeuvres and as much beer as you can. The Super Bowl is the next best day to Thanksgiving for football, food and drink.The commercialsThe commercials are always a big draw, as advertisers shell out nearly $2.5 million for a 30-second spot during the big game. But have you heard about this guy who is buying a commercial this year in which he’ll propose to his girlfriend? If not, log onto a loser.It’s “the most public declaration of love in the history of mankind.” Please, the idea sounds more like the most lame declaration.Save yourself the money, propose to her on the JumboTron at the game if that’s what you really want, and top it off with some kick-butt honeymoon instead. Nevertheless, it should be pretty entertaining and yet another reason to watch the Super Bowl.The halftime showThis year, the artist once known as Prince, then an unpronounceable symbol and now Prince again, will be the Super Bowl’s halftime entertainment. The show should be one to watch, based on recent history.Last year it was the Rolling Stones and lead singer Mick Jagger who performed at the halftime show. It was quite the thriller. The Stones weren’t particularly good, but it was certainly a sight to see — the 62-year-old Jagger attempting to jiggle his cracked-out legs on the center stage, screeching out controversial lyrics to songs such as “Rough Justice.”But last year’s Stones spectacle doesn’t quite stack up to that of three years ago in terms of pleasurable pathetic-ness. By now, everyone knows about Janet Jackson, Justin Timberlake and Super Bowl XXXVIII’s “Nipplegate,” which set the stage for appalling halftime shows. Hopefully, Prince will try his best to compare with halftime shows of years past — maybe he’ll come out singing “Pussy Control” or something.GamblingNot to promote any bad addictions or anything, but if you think this year’s Super Bowl is going to be as bad as the Buccaneers’ slashing of the Raiders in Super Bowl XXXVII, then place some bets — and not just on the game itself.The Super Bowl has every bet you could possibly think of — who will win the coin toss, who will commit the first penalty, what will the first offensive play be and even what songs Prince will sing at halftime (I have my money on “Raspberry Beret”).Sure, they’re all pretty pointless, but at least it’ll keep you glued to the television for one reason or another. Plus, you’ll probably end up even on the night. That is, if you play your cards right.The game itselfCome on, it’s not going to be that bad.The Bears have probably been the best team this season, despite the ups and downs of Rex Grossman. Sure, they may not be the most exciting team to watch, but they’re the definition of smash-mouth football.And how can you complain about watching the Colts? Love or hate Peyton Manning, they’re fun to watch. And better yet, Manning’s just started to heat up. In the AFC Championship, he led Indianapolis to 32 second-half points after two lackluster games in the first two rounds. It’s a safe bet that he’s due for a big game in the season finale.Besides, you can’t call yourself a sports fan and be upset at watching the Super Bowl.Michael is a senior double majoring in journalism and communication arts. While he isn’t cheering for anyone in particular, he’s got his money on the Colts. He can be reached at mpoppy@badgerherald.comlast_img read more

Viterbi develops method to detect breast cancer

first_imgIn conjunction with the Vitebri School of Engineering, Mahta Moghaddam, a professor of electrical engineering, and her research team are working on new imaging and treatment for breast cancer through the use of microwaves.Breast cancer will affect one in eight women, and it is the second leading cause of death in women, according to the National Breast Cancer Foundation’s website. Though risk factors have been identified for breast cancer, researchers are usually unable to pinpoint a single cause of breast cancer.Research Assistant Professor John Stang, technical lead for the project, noted how past research showed opportunities to use microwaves to both treat and detect breast cancer. He has been working on this project for almost four years.“Our research started out of research that was done in the late ‘80s or early ‘90s, showing contrast that existed in the microwave properties of breast cancer,” Stang said.He stressed how breast cancer research is often motivated by emotional intentions.“Everyone has their own personal relationship with breast cancer, so I think that’s also part of the appeal [of the project],” Stang said.Stang explained exactly how this new system is utilizing microwaves.“The system that we are working on now is a combined imagery and therapy system. It is using microwaves, a single modality to do both the image guidance and the therapy,” Stang said.This new system is proving to be a pioneering technology in the breast cancer field.“There currently aren’t any systems like that that are using a single modality to guide the focused heating,” Stang said.The team wants to be able to “cook” the cancerous tissue instead of having to surgically remove it. This will, in turn, reduce the recovery time.“The system started out as independent projects where we were doing microwave imaging,” Stang said. “The idea was to have an alternative to mammograms.”The team was motivated to provide an alternative as current mammograms use ionizing radiation, which their innovative cancer treatment would not.Microwaves are much safer than ionizing radiation, and there would be no pain or discomfort involved with the procedure since the breasts would not need to be flattened as they are in current mammograms. Instead, patients would lie down with their breasts placed in two imaging tunnels.In addition to Viterbi, the researchers will also work with the Keck School of Medicine and Dr. Eugene Chung, an M.D. who focuses more on the medical aspect of the project.Currently, the researchers have created a “laboratory prototype,” but this prototype cannot be used in a clinical setting.“We have explored contracting out a building of something that would be manufactured with a company with medical history,” Stang said. “It is more advantageous to go through a company that has the experience and the track record.”The laboratory is currently in conversation with a company in order to create the prototype.The clinical prototype will have amplifiers that lead to several antennae aimed at various angles. These antennae will allow the device to focus the microwaves on specific parts of the breast tissue, allowing the researchers to cook the cancerous tissues the way that a microwave cooks food.Stang hopes a prototype will be ready for use in a clinical setting in the next few years.last_img read more

Tipp overcome Cavan in do-or-die qualifier game

first_imgA penalty scored by Conor Sweeney in the latter stages of the second half put Tipp 3 points into the lead.A goal from centre back Robbie Kiely put Tipp 6 points into the lead with 7 minutes to go, and it was swiftly followed by a point from Quinlivan.It finished up 2-15 to 18 points. Tipp have just overcome Cavan in their must-win qualifier game in Kingspan Breffni.Despite being down 12 points to 6 at half time the Premier fought back with 4 unanswered points to begin the second half.And Tipp sharpshooter Michael Quinlivan was brought on in place of George Hannigan about 15 minutes into the second half.last_img read more

Meijer announces changes to their store hours

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisALPENA, Mich. — In an announcement today, Meijer said that they’ll be switching up their store hours. Starting on Friday, they will close at 10 p.m. and open at 8 a.m. The gas station will also close at 10 p.m. but pay at the pump will still be accepted.Meijer stores and pharmacies will be providing designated shopping hours for seniors and those with chronic health conditions from 7 to 8 a.m. on Tuesdays and Thursdays. These changes are being made in response to the Coronavirus.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: MeijerContinue ReadingPrevious ACC closes buildings in Alpena and OscodaNext Number of confirmed COVID-19 cases in Michigan climbs to 334last_img read more

Andy Reid won his first Super Bowl, and Twitter couldn’t be happier

first_imgWith his wife, cheeseburgers and Pitbull.MORE: Patrick Mahomes calls Reid ‘one of the all-time great coaches’Reid received plenty of congratulations for the achievement as well, both on the field and from dozens of well-wishers on social media:Twitter reacts to Andy Reid’s first Super Bowl winTime’s yours, Andy.— Philadelphia Eagles (@Eagles) February 3, 2020Andy Reid legacy heading in:▪3 straight Conference Championship losses (2001-03)▪3-pt loss in Super Bowl XXXIX▪consistently ridiculed for clock mismanagement▪most playoff wins for coach in NFL history w/o SBNow, he’s a Super Bowl CHAMPION. You’ve gotta love sports.— CBS Sports (@CBSSports) February 3, 2020Congrats @Chiefs and Andy Reid!@PatrickMahomes keep balling bro! #YoungLegend— Russell Wilson (@DangeRussWilson) February 3, 2020Cheers to Kansas City and congrats to Andy Reid 🍻— Buffalo Wild Wings (@BWWings) February 3, 2020Could not be happier for Andy Reid. Has been through so much professionally and personally. Congrats!! BTW, how about that Mahomes??? Wow!— Ryan Day (@ryandaytime) February 3, 2020As a @Broncos fan it’s crazy watching the @Chiefs win but I met Andy Reid a week after my injury back in 2010 while in ICU and he would literally text me the first play of every game for the rest of year. So I will always wish nothing but the best for him. Congrats coach— Eric LeGrand (@EricLeGrand52) February 3, 2020Congrats Andy Reid get off my ball coach back all you cretics he’s a world champion. #ChiefsKingdom I know my dude DT is looking down with a smile. #SuperBowlChamps— Mark McMillian (@MarkMcMillian29) February 3, 2020Congrats to #andyreid and the KC chiefs… he so deserves this… great coach but a great human being as well… good job coach…— Gilbert Brown (@GilbertBrown) February 3, 2020Congrats to Andy Reid too. Seems like an awesome dude. Great to see him finally win a Super Bowl.— Clay Travis (@ClayTravis) February 3, 2020There’s No one more deserving than that man Coach Andy Reid. Congrats Big Red!! Super Bowl Champion. #Cheeseburgersunday— Brandon Boykin (@BrandonBoykin2) February 3, 2020Congrats to #AndyReid and his champion Chiefs. Has a nice ring to it. And no coach deserved a ring more.— Mike Francesa (@MikeFrancesa) February 3, 2020Dear, @PatrickMahomes and @Chiefs and of course #AndyReidMy congrats will be a mere trifle in the sea of well deserved kudos you ALL deserve tonight. Epic! #LEGENDSI have NEVER been so riveted and invested in the SuperBowl!Congrats, #KCChiefs honored to know you. Thrilled— David Haydn-Jones (@DavidHaydnJones) February 3, 2020Andy Reid, one of my favorite coaches, glad to see you raise the Vince Lombardi trophy!— Earvin Magic Johnson (@MagicJohnson) February 3, 2020For Andy. ❤️#ChiefsKingdom | #SBLIV— NFL (@NFL) February 3, 2020#andyreid and Tammy, and the Chiefs, congrats to you!! Andy and Tammy, you are still loved by so many of us in Philadelphia. A happy night for you and the Team, well deserved, and what a comeback! Wow! You’ll always have Phila as a part of your life & legacy! Congrats my friend!!— Michael A. Nutter (@Michael_Nutter) February 3, 2020A well-deserved win! Congrats, Coach #AndyReid on winning the #SuperBowl #ChiefsKindgom | #InclusionRevolution | @SOMissouri— Special Olympics (@SpecialOlympics) February 3, 2020Andy Reid is a Super Bowl Champ! He has earned the respect of coaches, players, fans and media. I am so grateful for his influence and friendship!! @BYUfootball He and Tammy are a package deal just like LaVell and Patti Edwards. Somewhere in heaven LaVell is smiling!!— Chad Lewis (@Chadlewis89) February 3, 2020CONGRATS TO MY ABSOLUTE FAVORITE COACH ANDY REID ON YOUR 1ST SUPER BOWL WIN!! YOU DESERVED IT! CONGRATS @CHIEFS! Super Bowl LIV Champs— Terrell Owens (@terrellowens) February 3, 2020Huge congrats to Andy Reid. FINALLY gets that well deserved ring!— Mike Clay (@MikeClayNFL) February 3, 2020Eagles legend Brian Dawkins tears up congratulating Andy Reid— Jeff Skversky 6abc (@JeffSkversky) February 3, 2020I couldn’t be happier for Andy Reid. So sweet— Geoff Schwartz (@geoffschwartz) February 3, 2020 The Chiefs and coach Andy Reid won the Super Bowl on Sunday, the first of his 21-year career as a head coach.It was Reid’s only missing milestone in a storied career that saw him win 222 games, multiple coach of the year honors, 10 division titles and two conference titles. That it came 15 years after losing his first Super Bowl as coach of the Eagles in 2005 makes it that much sweeter. And how did he celebrate this landmark achievement?last_img read more