Value-added trade on BRICS agenda

first_img20 August 2013Value-added trade and its role in transforming Africa from a “source of raw materials” into a key player in the global economy will be high on the agenda at the first BRICS Business Council meeting starting in Johannesburg on Tuesday, says Trade and Industry Minister Rob Davies.Briefing reporters on Monday ahead of the two-day council meeting, Davies said that investment and the establishment of the BRICS Development Bank would also be up for discussion.‘We need to add value to our products’“We need to add value to our mineral products and our agricultural products,” Davies said. “We need to promote a much more value-added economy. We need to do this by integrating our continent Africa. We need to consolidate this by a massive infrastructure development programme on the continent.”The trade ministers of the BRICS (Brazil, Russia, India, China and South Africa) group of countries have been meeting over the years to discuss ways of promoting cooperation in trade and investment.“One of the important conclusions that we came to is that we are all industrialising economies, a group of dynamic, emerging economies,” Davies said. “As such, we need to promote a pattern of interaction in the area of trade, which supports value-added production in each of our economies.”BRICS trade ministers have embarked on a study on how to promote value-added products and strengthen investment relations.Davies said that Africa, which was the next growth frontier, needed to set out on a different trajectory over next few years if it was “to consolidate that growth into real development”. The continent needed to industrialise, he said.BRICS Development BankAt the conclusion of the fifth BRICS summit in Durban in March, the BRICS leaders agreed to the establishment of a BRICS Development Bank to help finance infrastructure programmes and sustainable development in BRICS and other developing countries.President Jacob Zuma said at the time that the initial capital contribution to the bank “should be substantial and sufficient for the bank to be effective in financing infrastructure”.“We think that there is a massive investment challenge which faces all of us in BRICS and also South Africa as part of the African continent,” Davies said, adding that he could not go into the details of the work already done on the investment bank.The South African chairperson of the BRICS Business Council, Patrice Motsepe, said that mutual benefit was also an important factor for the BRICS countries.‘Not just a talk-shop’“We don’t want discussions that are theoretical or academic,” he said, noting that specific projects had been identified for discussion. “For us, it’s to focus on value-added exports, the processing of products and manufacturing in South Africa“I’m confident that in the next few year, you will see a change in the quality of trade that has been taking place between South Africa and Africa, and the rest of the BRICS countries,” Motsepe said.“From a South African perspective … we need to create jobs for our people. We need to create opportunities for improving the standards of living for our people.”The BRICS Business Council delegates will meet on Tuesday ahead of Wednesday’s proceedings at the Sandton Convention Centre, where President Zuma is due to give an address.Source: read more

Maharashtra Congress MLAs return to Mumbai

first_imgThe Congress MLAs-elect from Maharashtra, who were staying at a luxury resort near here for the last five days, left by a chartered plane for Mumbai on Wednesday. The newly elected 44 legislators were shifted to the Jaipur resort on Friday and Saturday in an apparent attempt by the Congress to prevent their “poaching”.The MLAs were brought in a bus from the resort to Sanganer airport, from where they travelled to Mumbai in a chartered flight. Amid the high drama over the formation of government in Maharashtra, several senior Congress leaders, including Chief Ministers Ashok Gehlot of Rajasthan and Bhupesh Baghel of Chhattisgarh, met the legislators to discuss political developments in the State.‘Comfortable stay’All India Congress Committee general secretary Avinash Pande told presspersons here that the MLAs’ stay at the resort was comfortable and they were happy with the hospitality extended to them. The MLAs had left the final decision on supporting or forming the government on the Congress high command, he said.Mr. Pande said a common minimum programme would form the basis for the appointment of a new government in Maharashtra, for which the Congress was in discussion with the Nationalist Congress Party and the Shiv Sena after the imposition of President’s Rule.‘Coalition needed’ “The view of the MLAs was conveyed to the Congress Working Committee… People in the State have given a fractured mandate and a coalition government is needed there,” Mr. Pande said, adding that the Congress was holding deliberations on how it could play its role in the formation of government.Later, Mr. Gehlot said at the Pradesh Congress Committee headquarters here that Governor Bhagat Singh Koshyari had promoted “instability” in Maharashtra with his hasty decisions. “It was the Governor’s responsibility to deal with the situation created by the hung Assembly… Probably he could not take the right decision despite his own desire.”last_img read more

3 UCLA basketball players suspended after theft in China

first_imgQC cops nab robbery gang leader, cohort Makabayan bloc: Duterte suspension order on rice importation only a ‘media stunt’ PLAY LIST 02:46Makabayan bloc: Duterte suspension order on rice importation only a ‘media stunt’00:50Trending Articles00:50Trending Articles01:37Protesters 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 “I’ve learned my lesson from this big mistake and I’m a hundred percent sure I’ll never make a mistake like this again. It’s going to make me a better person from here on out.”When it was his turn, Hill said, “I’m sorry for shoplifting. What I did was stupid. I don’t want to be known for this dumb mistake.”“I hope you can forgive my stupid, childish actions,” he added.Riley was the first to speak and he thanked the Pac-12 Conference, several UCLA administrators and his teammates.“You guys mean so much to me,” Riley said of his teammates. “I’m sorry for letting you down.”Athletic director Dan Guerrero also spoke at the news conference, but no one took questions from a large group of media.ADVERTISEMENT Alford didn’t specify what the indefinite suspensions mean, saying only that the three players would have to earn their way back onto the team.He said at some point, the trio may be permitted to join team workouts, meetings and practices, but that timeline has yet to be decided.“We will come to a resolution in short order,” Guerrero said.Earlier Wednesday, Trump tweeted: “Do you think the three UCLA Basketball Players will say thank you President Trump? They were headed for 10 years in jail!”All three players did.“I’d like to thank President Trump and the United States government for the help that they provided us as well,” Ball said.The players were detained in Hangzhou for questioning following allegations of shoplifting last week before the Bruins beat Georgia Tech in their season-opening game in Shanghai. The rest of the UCLA team returned home Saturday.Guerrero said the incident occurred when the team was given 90 minutes of free time on Nov. 6 in Hangzhou.“Those three visited several stores, took items from three stores and returned to the hotel,” he said, without revealing the items taken or their value.The next day, Guerrero said, police arrived at the hotel shared by UCLA and Georgia Tech and interviewed both teams in an attempt to identify the culprits. Police searched the players’ personal belongings and the team bus before identifying Ball, Hill and Riley, he said. Stronger peso trims PH debt value to P7.9 trillion CPP denies ‘Ka Diego’ arrest caused ‘mass panic’ among S. Tagalog NPA Typhoon Kammuri accelerates, gains strength en route to PH No one from Georgia Tech was implicated.Guerrero said the UCLA trio was taken to a police station for questioning, and Alford arrived later, along with basketball administrator Chris Carlson. Guerrero found out while flying to Shanghai.After being arrested, the players remained in custody for questioning and were released on $2,220 bail on Nov. 8. Guerrero said they had to give up their passports and agree to travel restrictions.Upon their release, they remained in a hotel at UCLA’s insistence, not the local police’s, with Carlson and another administrator supervising them, Guerrero said.He said the bail money was refunded by police. Once the charges were withdrawn, the trio acknowledged breaking the law, he said.Guerrero said UCLA provided the resources to help the players and the university is working to see who is responsible for costs and any NCAA implications.Police told the players they could leave the country on Tuesday and they boarded a plane later that day.Guerrero said Alford reminded his team of the expectations for good behavior before they left on the tripand while they were in China.UCLA traveled to China as part of the Pac-12’s global initiative that seeks to popularize the league’s athletic programs and universities overseas. The China Game is in its third year, and while the scandal was developing the league announced that California and Yale will play in next year’s edition.The No. 23 Bruins host Central Arkansas in their home opener on Wednesday night. Japan ex-PM Nakasone who boosted ties with US dies at 101 View comments Serena Williams set to wed in New Orleans — reportscenter_img Flanked by teammates Cody Riley, left, and Jalen Hill, UCLA basketball player LiAngelo Ball reads his statement during a news conference at UCLA Wednesday, Nov. 15, 2017, in Los Angeles. The three players were detained in Hangzhou following allegations of shoplifting last week before a game against Georgia Tech in Shanghai. (AP Photo/Jae C. Hong)LOS ANGELES — Three UCLA basketball players detained for shoplifting at three high-end stores in China publicly apologized Wednesday before coach Steve Alford announced they were being suspended indefinitely.Freshmen LiAngelo Ball, Jalen Hill and Cody Riley won’t be allowed to suit up, practice or travel with the team while the university continues to sort out the circumstances of last week’s incident in Hangzhou, China, Alford said during a news conference at Pauley Pavilion.ADVERTISEMENT Don’t miss out on the latest news and information. MOST READ Brace for potentially devastating typhoon approaching PH – NDRRMC John Lloyd Cruz a dashing guest at Vhong Navarro’s wedding Read Next LATEST STORIES Kammuri turning to super typhoon less likely but possible — Pagasa “These are good young men who have exercised an inexcusable lapse of judgment and now they have to live with that,” Alford said. “They let a lot people down in the process.”“I’m confident that they have already begun to use this experience as a life lesson,” he added.FEATURED 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 shutoutBall, Hill and Riley took turns confessing to the theft and apologizing while also thanking President Donald Trump for intervening on their behalf with his Chinese counterpart Xi Jinping. The players had returned to Los Angeles on Tuesday after Chinese authorities withdrew the charges against them.“I’m sorry for stealing from the stores in China,” said Ball, the younger brother of Los Angeles Lakers rookie Lonzo Ball, who played last season at UCLA.last_img read more

Offense is key this time

first_imgPanelo suggests discounted SEA Games tickets for students PLAY LIST 01:35Panelo 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 Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes South Korea to suspend 25% of coal plants to fight pollution Lakers win 9th straight, hold off Pelicans Sports Related Videospowered by AdSparcRead Next There are a lot of similarities in the way the Bolts and the Hotshots have played their first nine games, and the biggest of them all is how they have clamped down on their enemies to emerge as the top two defensive teams at this point in the conference.And while Star’s Chito Victolero believes that his defense needs to hold up to grab the solo lead for the first time here, Black, a Grand Slam champion and one of the winningest coaches of all time, believes otherwise.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSMalditas save PH from shutoutSPORTSPrivate companies step in to help SEA Games hosting“For a change, offensive execution will decide this game,” Black said over the phone, minutes before practice with his Bolts on Tuesday. “In a battle between the top two defensive teams in the league, it will all boil down to offensive execution versus solid defense.”Tip-off is at 7 p.m. with Black emphasizing that this is a “must-win game for both of us if we want to finish in the top two.” Cayetano dares Lacson, Drilon to take lie-detector test: Wala akong kinita sa SEA Games More than 5,000 measles deaths in DR Congo this year — WHO Don’t miss out on the latest news and information. LATEST STORIES LOOK: Vhong Navarro’s romantic posts spark speculations he’s marrying longtime GFcenter_img SEA Games: PH beats Indonesia, enters gold medal round in polo ‘Coming Home For Christmas’ is the holiday movie you’ve been waiting for, here’s why Pagasa: Kammuri now a typhoon, may enter PAR by weekend Now shines Milan Melindo, the late-maturing star Photo by Tristan Tamayo/ INQUIRER.netFacing what he thinks is a do-or-die game for both, Meralco coach Norman Black has a vastly different view on how his Bolts’ clash with Star will be decided.Tied at the top with 7-2 records, Meralco and Star tangle at Smart Araneta Coliseum in Cubao on Wednesday, with the prize being one of two twice-to-beat privileges in the quarterfinals of the PBA Commissioner’s Cup.ADVERTISEMENT MOST READ Victolero is devising ways on how he can tighten his crew’s defense, especially inside the paint where Meralco thrives because of import Alex Stepheson.“We need to limit the activity of their import, especially in getting those offensive rebounds and second chance points,” Victolero said. “Our perimeter defense is also very important to prevent their guards from penetrating and creating shots.”Star will be seeking to extend a three-game winning streak, while the Bolts are still licking the wounds of an upset loss to GlobalPort last week, a setback that put Meralco in this situation.“We can beat the top teams and it follows that we can also lose (to the weaker ones),” said Black, who made it no secret that the Bolts are playing so well mainly because of the confidence Stepheson gives the local players.Meanwhile, Alaska tries to snap a three-game losing streak and make its way up to the middle of the standings when the Aces clash with winless NLEX in the 4:15 p.m. contest.ADVERTISEMENT View commentslast_img read more

10 months agoBarkley insists Chelsea confident they can exact Tottenham revenge

first_imgBarkley insists Chelsea confident they can exact Tottenham revengeby Freddie Taylor10 months agoSend to a friendShare the loveRoss Barkley is confident Chelsea can exact revenge on Tottenham when the two clubs meet in the EFL Cup semi-final.Tottenham beat Chelsea in an emphatic victory at Wembley last month.”Tottenham are a good side but we come into it with confidence and knowing what we need to do to reach the final,” said Barkley. “We will train really hard.”That will be in the back of our minds [Chelsea’s defeat at Wembley] because there are our rivals and we want to beat our rivals. It’s going to be a very exciting game.” About the authorFreddie TaylorShare the loveHave your saylast_img

The CFB Programs Expected To Have The Most 1st Rounders In 2017 NFL Draft

first_imgLogos of the major college football programs and the NFL Draft.NFL Draft 2017The 2016 NFL Draft’s first round was dominated by Ohio State, Ole Miss, Notre Dame and Florida. Those four were the only college football programs to have multiple players selected during the draft’s first day. Ohio State had five, Ole Miss had three and Notre Dame and Florida had two. Which programs are expected to have the most first rounders in 2017? Using Walter Football’s 2017 mock draft, here are the programs projected to have the best first round next year. LSU lsuExpected total: 7RB Leonard FournetteS Jamal AdamsCB Tre’Davious WhiteOL Ethan PocicDE Lewis NealWR Malachi DupreDL Davon GodchauxClemson clemson logoExpected total: 2QB Deshaun WatsonWR Mike WilliamsFlorida florida logoExpected total: 2LB Jarrad DavisCB Jalen TaborFlorida State floridastateExpected total: 2RB Dalvin CookOT Roderick JohnsonGeorgia uga logoExpected total: 2RB Nick ChubbOL Greg PykeOhio State ohio state logoExpected total: 2LB Raekwon McMillanOL Pat ElfleinTennessee tennessee logoExpected total: 2DE Derek BarnettLB Jalen Reeves-MaybinTexas A&M texas a&MExpected total: 2DE Myles GarrettDB Armani WattsUSC uscExpected total: 2Juju Smith-SchusterAdoree Jackson[Walter Football]last_img read more

Liberals hope funding change solves infrastructure spending cost concerns

first_imgOTTAWA — Federal Infrastructure Minister Francois-Philippe Champagne says an overhaul of how the government approves funding for projects should solve concerns about construction delays and escalating costs.The government has been criticized for the slower-than-anticipated pace of infrastructure dollars leaving the federal treasury.For the rest of the winter, federal officials will sign off on plans so money and work are ready to roll come spring, which Champagne says will finally align bureaucratic processes with Canada’s construction season.The backroom change is one Champagne hopes will address public concerns that cities hold off work until they are sure the Liberals will chip in money, which also worsens cost overruns.Under the Liberals, planned federal spending on new roads, bridges, highways, trains and water systems over the coming decade has risen to $186 billion.As 2018 comes to a close, Champagne says there are some 4,400 projects worth $50 billion on the go, of which about $20 billion is from federal investments.The Canadian Presslast_img read more

Now, WhatsApp makes group chats more secure

first_imgNew Delhi: WhatsApp Wednesday said it will now allow its users to decide whether they want to get added to groups on the instant messaging platform.The move assumes significance, especially ahead of elections in the country, as social media platforms are expected to play a major role in political campaigns to reach out to citizens in large numbers. The messaging app has added that a new privacy setting in which an invite system will help users decide who can add them to groups. Previously, WhatsApp users could be added to groups without their consent. Also Read – India gets first tranche of Swiss bank a/c detailsTo enable the feature, users can go to the ‘settings’ option in the WhatsApp app and select one of three options – nobody, my contacts, or everyone. If they choose nobody, users will have to approve joining every group to which they are invited. Upon choosing my contacts option, users from the person’s address book will be able to add them to groups. In these cases, the person inviting you to a group will be prompted to send a private invite through an individual chat, giving the user a choice of joining the group. The user will be given three days to accept the invite before it expires, the statement said. “With these new features, users will have more control over the group messages they receive,” WhatsApp said.last_img read more

Major fire at Delhi showroom, no injuries reported

first_imgNew Delhi: A major fire broke out early on Friday in a showroom in Delhi, a fire department officer said. The blaze was reported at around 2.50 a.m. in a showroom in Uttam Nagar. Some 25 fire tenders were rushed to the spot. “The fire was doused completely by 7.25 a.m. No casualty was reported . Cooling operation is underway,” the officer said. A short circuit is being suspected to be the cause, he added.last_img