Samsung heir appears in court, awaits decision on whether he’ll be jailed again

first_imgSamsung Group heir Jay Y. Lee on Monday arrived at a South Korean court which will rule whether he will be sent back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country’s top conglomerate.Prosecutors on Thursday asked the court to issue an arrest warrant against Lee, culminating a probe into accounting fraud and a controversial 2015 merger of two Samsung affiliates that they said helped facilitate Lee’s plan to assume greater control of the group.Lee, 51, wearing a face mask and a dark suit, appeared at the Seoul court for a hearing scheduled to start at 10:30 a.m.. He did not answer questions from reporters before entering the court. Topics : After the hearing, he is expected to head to a detention center to await the judge’s decision, expected on Monday or early Tuesday.Samsung on Friday denied the allegation of stock-manipulation against Lee, saying it was “beyond common sense” to claim Lee was involved in the decision-making.In a further statement over the weekend, the group said the lengthy probe is weighing on management, which is in a “crisis” at a time when the coronavirus pandemic and US-China trade disputes are adding to uncertainty.The company declined to make Lee available for comment.center_img He served in jail for about one year until Feb. 2018 for his role in a bribery scandal in which he was accused of giving horses as gifts to win support from the government of former President Park Geun-hye for the merger.The merger increased his control of the group – and of its crown jewel, Samsung Electronics Co, South Korea’s biggest company. His father, Lee Kun-hee, has been ailing for some time.”If he is arrested, this will further hurt the reputation of Lee and Samsung. There will more questions about his legitimacy as the CEO and successor of the company,” Chang Sea-jin, business professor at Korea Advanced Institute of Science & Technology.”The public would think, ‘Oh he may have done something wrong again.'” last_img read more

Why Unai Emery has decided to sign Denis Suarez and where will he fit in at Arsenal

first_img Comment Unai Emery will be hoping that Suarez can provide a boost in the second half of the season (Getty Images)It is also an important move for the player. Suarez has long been talked-up as an exceptional young player but having recently turned 25, he is still yet to showcase his ability on a consistent basis, which part explains his one solitary cap for Spain.Following impressive campaigns with Sevilla and Villarreal and a promising debut season at Barcelona under Luis Enrique, Suarez’s career has stalled over the past 18-months with Valverde selecting him as a starter just four times in La Liga.Having earned moves to Manchester City and Barcelona and been a part of Spain’s victorious U19 European Championship winning team in 2012, Suarez is undoubtedly a gifted footballer. Now is the time for him to kick on and prove that on a consistent basis.With Arsenal also in a state of evolution, it is a move that could suit both parties down to the ground.More: SchoolMum finds girl, 6, rubbing talcum powder on her face to make herself whiteParents vow to homeschool son after headteacher bans face masks in classTrans boy, 17, waiting two and a half years to get an appointment at gender clinic Advertisement Denis Suarez (bottom row, second from right) worked with Unai Emery at Sevilla (Getty Images)Suarez’s move to Arsenal represents the second time in his career that he has swapped his homeland for England having previously spent time with Manchester City between 2011-13.That two-year stint in the North West as a teenager probably wasn’t the happiest period of Suarez’s career as he made only two substitute appearances in the League Cup for the club under Roberto Mancini.There are parallels to be drawn with Suarez’s experience to that of Brahim Diaz, who also returned to Spain as a 19-year-old after struggling to break into the first-team picture at City, bar the odd cup cameo.In a 2016 interview with the Guardian, Suarez claimed he failed to make the grade as more physical midfield players were preferred, saying: ‘I couldn’t understand it. There’s a guy two metres tall playing in my position because he’s stronger.’Unlike Diaz who signed for Real Madrid this month, Suarez was snapped up by the other of Spain’s ‘big two’ joining Barcelona in 2013 for an undisclosed fee and he was immediately registered for the club’s B team. Denis Suarez had a similar start to his professional career as that of Brahim Diaz (Getty Images)Following an impressive 2013-14 campaign in the Segunda Division in which he scored seven goals from midfield, Suarez was sent on loan to Sevilla for the 2014-15 season which is where he linked up with Emery.Suarez played 31 times in La Liga that season – 15 times as a starter – scoring four goals and providing two assists. He was also involved in the club’s Europa League success, although was an unused substitute in the final win over Ukrainian side Dnipro.A permanent move to Villlarreal that summer followed and once again Suarez clocked up over 30 appearances in La Liga in 2015-16 paving the way for a return to Barcelona for just €3.5 million in 2016.After moving back to Barcelona, Suarez won La Liga and two Copa Del Rey medals, but only started 16 of a possible 97 La Liga games for the club over the past two and a half years.Where does he play?Similar to other Spanish midfielders of his generation such as Isco, Koke and Saul, Suarez is positionally versatile and tactically adaptable, able to perform well in a variety of roles in a variety of systems.AdvertisementAdvertisementEmery tended to use him out wide during his season-long stint in Andalusia as he mentioned after Arsenal’s FA Cup win over Blackpool: ‘He was playing as a left or right winger for Sevilla when he was with me,’ Emery said.Ernesto Valverde has also utilised Suarez on the flanks in his favoured 4-4-2 system and with Arsenal lacking options out wide, that could be the role in which Suarez starts his career with the club. Emery has admitted his desire to see a wide midfield player join this month. Why Unai Emery has decided to sign Denis Suarez and where will he fit in at Arsenal Denis Suarez is close to a move to Arsenal (Getty Images)Unai Emery has completed his first signing of the January transfer window with Barcelona midfielder Denis Suarez joining Arsenal on loan until the end of the season with an option to buy.The 25-year-old playmaker has found first-team football difficult to come by at the Nou Camp, featuring for a grand total of 17 minutes in La Liga this season and will be looking for greater opportunities in north London.Arsenal have been blessed with technically gifted Spanish playmakers in recent years with Cesc Fabregas, Mikel Arteta and Santi Cazorla all excelling in north London.Suarez will be looking to follow in the footsteps of his compatriots but what qualities will he offer the Gunners and where could he fit into Emery’s plans?AdvertisementAdvertisementADVERTISEMENTWhat’s his background? Oliver Young-MylesWednesday 30 Jan 2019 5:05 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link676Shares Suarez was inspired by Andres Iniesta at Barcelona (Getty Images)It will be interesting to see, though, whether Suarez follows Cazorla’s path by gravitating infield into a deep-lying playmaker role from a position on the flank. Cazorla was regarded as a winger during his first spell with Villarreal and early days with the Spanish national team.Read More: Three ways Arsenal could line-up with Unai Emery’s January transfer target Denis SuarezSuarez seems to favour playing centrally himself, stating upon his return to Barcelona in 2016 that he wished to emulate Andres Iniesta, saying: ‘I’ve always watched Iniesta, who is an example to young people. His behaviour is exquisite.‘He wasn’t an undisputed starter but he’s gained that. He’s one of my idols and I can train with him, in his best position.’That Suarez was handed Xavi’s no.6 shirt at Camp Nou, also suggests that he was being primed to play in a central midfield position long-term when the club activated their option to re-sign him from Villarreal.Which player could he replace?Despite Emery insisting that signing a central defender and wide player this month were his priorities, it is unsurprising that the Gunners have made a move for a technically gifted attacking midfielder given speculation regarding Aaron Ramsey and Mesut Ozil’s futures.AdvertisementRamsey will almost certainly leave Arsenal, either this month or in the summer, with his contract set to expire and an extension offer from the club withdrawn in September, while Ozil appears to have work to do to convince Emery of his worth.Suarez isn’t a like-for-like replacement for either in terms of his skill-set. The one-cap Spanish international thrives in tight spaces thank to his excellent close control and burst of acceleration and as you’d expect for someone schooled in the Barcelona way, uses the ball extremely efficiently. Advertisement Mesut Ozil has been in and out of the Arsenal team under Unai Emery (Getty Images)While Ramsey is more of a box-to-box player and Ozil an out-and-out No.10, Suarez is most adept as a deep-lying playmaker who helps to set the tempo of attacking moves and who operates in the half-spaces higher up the pitch.As he gets up to speed with the pace and physicality of the Premier League, Suarez could find himself predominantly used as an inverted winger off the left wing – a position that has generally been occupied by Alex Iwobi this season.However, long-term it is likely that Suarez will be deployed as a third central midfielder with license to cover wide areas and drift into advanced positions up the pitch or else as a mobile attacking midfielder at the centre of Emery’s favoured 4-2-3-1 formation.Is he a good fit?On the face of it, the deal looks risk-free from Arsenal’s perspective. Acquiring a technically gifted midfield player with his best years ahead of him, represents a gamble a worth taking for Emery and the club, especially as there isn’t a compulsory purchase option in the loan agreement.AdvertisementSuarez’s technical qualities and versatility should stand him in good stead under Emery while he also possesses good physical attributes – notably speed and dynamism – to thrive in the Premier League.Having spent part of his formative years with a Premier League club, Suarez also has experience, albeit limited, of the English game which could aid his adaptation and enable him to settle down quicker than other players might.last_img read more

UK public pensions launch investment cost transparency drive

first_imgThe templates currently apply only to listed assets, but Roger Phillips, chair of the advisory board, said it was working with the IA and other parties to adapt them for use with unlisted assets such as private equity.Phillips said: “The important thing to recognise is that this is a voluntary code. But in 12 months, you’ll want an extremely good reason why your manager hasn’t signed up to it.”The LGPS plans to develop a similar transparency code for alternative asset classes such as private equity, Phillips added.He warned that the push for transparency was likely to lead to increased explicit levels of costs as reporting standards improve, and urged LPGS staff to be prepared to explain and contextualise the figures they report.Chris Sier, professor at Newcastle University who helped develop the models, said with the backing of the LGPS the models could have a significant impact on the asset management industry.Sier told the conference: “The LGPS is a £217bn asset pool that is thinking collectively. This pool has the opportunity to do something for the entire UK market; every consumer that has a pension fund. What you adopt, the chances are it will be adopted market-wide.“The call I want to present to you is that if you get this right, it turns over the entire marketplace in the UK and makes it transparent. That’s not £217bn, that’s £3.5trn. You would have a significant impact on the lives of all consumers in the UK that have pension funds.”Sier said he was working with an unnamed provider to establish an independent body to oversee the data and keep it at a high standard. The body would be non-profit and funded by both asset managers and asset owners, he added.IPE’s Special Report into fees and costs is available here. The UK’s local government pension scheme (LGPS) has launched a cost transparency code for asset managers.The £217bn (€253bn) system – which includes 89 pension funds for local authorities in England and Wales – announced the code at a Pensions and Lifetime Savings Association (PLSA) conference today.It is based on templates introduced by the Investment Association (IA), the UK’s asset management trade body, earlier this year, and has been backed by the LGPS advisory board and the Local Government Association.Managers that sign up to the transparency code would agree to supply information using the IA’s templates in a timely manner, the advisory board said on its website. An independent third party would then be responsible for checking and collating the data.last_img read more

Nigerian LNG cargo bound for Portugal

first_imgImage courtesy of RENREN-operated Sines LNG import terminal in Portugal is to receive a new cargo of the chilled fuel from Nigeria.The cargo will be delivered from Nigeria LNG’s Bonny Island liquefaction plant onboard the LNG Borno liquefied natural gas carrier.The vessel with the capacity to transport 149,600 cubic meters of liquefied natural gas was built by the South Korean shipyard Samsung Heavy Industries in 2007.Shipping data from the port of Sines shows that the LNG carrier is scheduled to dock at the terminal on November 7.NLNG’s Bonny Island facility has the capacity to produce 22 mtpa of liquefied natural gas from its six trains.Sines LNG terminal, located on Portugal’s Atlantic coast, has a nominal send out capacity of 600,000 cubic meters per hour (5.26 bcm per year), with a peak capacity of 900,000 cubic meters per hour. LNG World News Stafflast_img read more

Humility and Witness

first_img Tweet Share Sharing is caring! FaithLocalNews Humility and Witness by: – June 23, 2012 Sharecenter_img 41 Views   no discussions Share Photo credit: onjoshua.blogspot.comI would like to explore two qualities in John the Baptist that are worth noting (apart from the obvious fact of his status as forerunner), namely, his humility and his witness. I am not the one, he made it clear to everyone as soon as he went public; that one is coming after me. He is greater than I. He will do things I cannot do.John was not tempted to detract in any way from the importance of Jesus. He wasn’t the real thing, he insisted; he was just a forerunner — and he was fully content with that. And there you have the first and perhaps the most important element in humility. Humility is standing in the truth. It is being just what you are, and only that, without distortion or falsification. Another way of putting this is to say that humility means a just estimate of oneself. If you were Picasso, for example, it would not a mark of humility to say: “I can just about hold a paint brush.” On the other hand, it would be a mark of humility to say: “I know a few things about painting.” Not ‘everything,’ of course. Who knows everything?The people who enshrine humility and disclose it for the rest of us are people who are really good at what they do (about goodness itself, too) and say ‘all I know is a little about this or a little about that,’ where a little is a great deal. Humility is seeing oneself or evaluating oneself “in the broad scheme of things.” You can see how far removed it is from putting yourself down or making yourself a doormat or letting people walk all over you.John was a humble man. He was also a witness, that is, he publicly attested to what he believed. Witness is a public activity or a public stance. Jesus was therefore a witness. Indeed, from the point of view of faith, he was the primary witness. He who sees me, he said openly, sees the Father. The thief on the cross and the centurion on the ground also gave witness — public testimony — to Jesus crucified.Public witness may or may not involve speech. It does not mean that all you talk about all the time is what you believe. If you did that, people would soon avoid being where you were. They would walk away from the water-cooler when they saw you coming.On the other hand, witness is not silence. It is a public attestation. Thus, I cannot prefer silence to being public. That is close to being ashamed of bearing witness. I must have the courage to speak when speech is required or when speech is necessary.I have often spoken of my admiration for street preachers. What they do takes a great deal of courage, considering how easily they are dismissed and how indifferently the public usually treats them.The best witness, of course, is public example. If your public self is genuinely your real self, your witness has integrity. The real self need not be perfect, of course. What matters is approximation. The closer you approximate to your ideals, the more influential your witness becomes.The martyr has always been considered the ideal witness – understandably, of course. When I give my life for what I believe, I have nothing left to give.Many people do that too without dying, which is perhaps more routinely difficult witness — the daily witness, one day after another, in public and in private, That is both rare and special, and I am sure we know many people like that. They resemble John the Baptist in that their lives point beyond themselves. They go before the One they serve, and they do so without fuss, in fidelity and humility.By: Henry Charles PhDlast_img read more

Dodge Ball

first_imgI recently read where many schools have outlawed the game of dodge ball for phys. ed. classes.  I am not sure what their thinking is, because in most cases the balls used were soft and about the only marks they ever left might be a little red welt if they hit you in a sensitive place.  I cannot see how you could assume that playing this game might cause a concussion, but that is the reason they list for outlawing the game.  My phys. ed. teacher in high school would have to have replaced one third of his curriculum with something else, because we played this game at least once a week.The only people who seemed to dislike this game were the same people who disliked phys. ed. in general.  I can still see them standing in the front row and letting the first ball hit them so they could go sit on the sideline.  I always thought the game was a lot of fun, because there were few rules, you got a lot of exercise, and you could settle some scores without really hurting anybody.  The same people who got this banned are the same people who think everyone needs to get a trophy for participating even if they accomplish nothing.  Whatever happened to learning that you don’t always win?  Every kid needs to learn how to be a loser and accept the fact that everyone can’t win just by showing up.last_img read more

Nigerian Players should be made to grow through the ranks – Nwosu

first_imgFormer Green Eagles star, Henry Nwosu has stated that players should be made to grow through the ranks in the national team when they emerge from age-grade competitions rather than been thrown straight into the senior national team. Nwosu speaking in a chat with said the process of growing through the ranks will allow such players the right level of maturity and development while recalling how tough it was to convince a former junior team player Femi Opabunmi exactly 18 years ago that he will start against the Three Lions of England after been drafted into the Super Eagles team at the 2002 FIFA World Cup in South Korea and Japan.Advertisement Promoted ContentTop 10 Most Romantic Nations In The WorldTop 10 Most Iconic Characters On TVPlaying Games For Hours Can Do This To Your Body6 Natural History Museums That Have World’s Greatest Collections7 Ways To Understand Your Girlfriend BetterBirds Enjoy Living In A Gallery Space Created For ThemThe 10 Best Secondary Education Systems In The WorldTop 10 Enemies Turned Friends in TVThe Highest Paid Football Players In The World5 Of The World’s Most Unique Theme ParksBest & Worst Celebrity Endorsed Games Ever MadeThe Highest Paid Football Players In The World Loading… read also:Henry Nwosu: Eagles can hurt Crocodiles in Maseru“As a coach, I will always take it easy with any player that is coming from the underage team because it is not easy for you to play at the underage side and transform like that to the Super Eagles. It is not easy, it takes good players that are very exposed like us. I was a ball boy player at the national stadium and played with young teams then I was the captain of the Junior Eagles you know so I grew through the ranks and the confidence grew with me but you know most of these players didn’t go through such advantage. We thank God he didn’t put us to shame, but it was tough convincing the young man on that day that he was to start the match. “ FacebookTwitterWhatsAppEmail分享 last_img read more

Moyes charged over referee remarks

first_img The Football Association announced the charge, which comes after Moyes said United were “playing referees as well as the opposition” following his side’s third defeat in a row. An FA statement read: “Manchester United manager David Moyes has been charged for misconduct by The FA in relation to post-match media comments he made following his side’s game against Sunderland on Tuesday 7 January 2014. “It is alleged the comments called into question the integrity of the match officials appointed to that fixture and/or appointed to Manchester United fixtures generally, and/or implied that such match officials are motivated by bias; and/or brought the game into disrepute, in contravention of Rule E3(1).” Moyes has until 6pm on January 15 to respond to the charge. Moyes issued his blast after questioning the awarding of a free-kick that led to Sunderland’s opening goal and a penalty. It followed the United manager saying it was “scandalous” his side were not awarded a late penalty against Tottenham at Old Trafford. He said on Tuesday: “I feel we are having to play the opposition and the referees. We are all just laughing at them at the minute.” Liverpool boss Brendan Rodgers was fined £8,000 and warned as to his conduct on Thursday after admitting a similar charge. Press Associationcenter_img Manchester United manager David Moyes has been charged with misconduct for his comments about match officials following the 2-1 defeat by Sunderland in the Capital One Cup.last_img read more

Ruddock to miss World Cup

first_img The deadline for selecting 31-man World Cup squads is August 31, and Ireland boss Schmidt has already admitted he is finding the final composition of that squad a huge challenge. Chris Henry has completed his remarkable comeback after suffering a mini-stroke in November to win inclusion in the squad, the Ulster flanker proving himself ready with an impressive showing against the Barbarians last month. Veteran centre Gordon D’Arcy is among the ranks despite having already played his final game for Leinster, with his full retirement following the World Cup. Conor Murray and Sean O’Brien had faced minor injuries in the build-up to this initial squad announcement, but both British and Irish Lions are expected to be fully fit well in advance of the August warm-up schedule. Rhys Ruddock’s second broken arm in six months has cost the Leinster flanker a place in Ireland’s World Cup squad. Press Association The 24-year-old missed the RBS 6 Nations after another arm break in European Champions Cup action against Harlequins in December. “Rhys Ruddock would have been selected but has been ruled out after fracturing his arm against Uruguay last week,” said head coach Schmidt. “The squad selection has been a long process with some very tight decisions. “Some injured players who are getting close to full fitness have been included while others have missed out due to prolonged absence or lack of opportunity to demonstrate their full Test match readiness.” Ruddock was included in Emerging Ireland’s Tbilisi Cup campaign to help boost his match time in readiness for the World Cup training camp. Instead the Ireland Under-20s graduate must now sit out of the entire build-up and tournament, suffering his latest arm injury in the 33-17 victory over Uruguay. Leinster’s forward duo Jack Conan and Tadhg Furlong are the only uncapped men in Ireland’s ranks, as the double Six Nations champions prepare to kick-start their World Cup preparations. Schmidt’s squad will convene at their Carton House base on Sunday night, with four warm-up matches scheduled for August and the first week of September. Head coach Joe Schmidt admitted Ruddock would have made his initial World Cup training squad, but for the broken arm sustained while captaining Emerging Ireland against Uruguay. Schmidt confirmed Paul O’Connell is the captain of his 45-man training squad, with Ruddock the main casualty. last_img read more