It is hard for anyone to know the comprehensive impact COVID-19 will have on the financial marketplace, especially since the pandemic itself is still happening. While the long-term impact of this crisis is still TBD, its short-term impact is becoming much clearer.COVID-19 ImpactCOVID-19 has had a direct impact on lending, specifically with auto and consumer loans. Indirect lending, new auto loans, and credit card usage have all seen a significant dip in light of the current crisis, especially for financial institutions in high-risk and low-income areas. The drop in face-to-face interactions, significant increase in financial strain, debt and unemployment, and regulatory shifts have all played a major role in these changes.Additionally, many financial institutions have made loan adjustments to support the needs of their community and borrowers. Many of these changes, however, have opened up new areas of risk. These new, COVID-19 specific adjustments include:Offering loan payment relief program offers to borrowers, such as temporary loan forbearance and skipped payment options. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Topics : “Puspom TNI and the Navy and Air Force Military Police will continue to develop the case,” Eddy said on Wednesday as quoted by kompas.com.A mob reportedly comprising TNI personnel burned down two vehicles at the police station and vandalized nearby stores along Jl. Raya Bogor in the early hours of Aug. 29.Read also: 29 soldiers to be arrested over attack on Ciracas Police StationThe incident occurred when Second Pvt. MI was allegedly driving under the influence early on Aug. 29 and was involved in a car accident at the Arundina fork in Ciracas, East Jakarta, resulting in minor injuries.MI allegedly told his fellow soldiers that his injuries were caused by an attack by a group of people. Encouraged by esprit de corps, they allegedly attacked the Ciracas Police station.Twenty-three people were reportedly physically assaulted in the attack, while 109 others have suffered material losses.Jakarta Military commander Maj. Gen. Dudung Abdurachman said the TNI had paid over Rp 778 billion (US$52 million) in damages to those affected by the attack. The National Military Police Headquarters (Puspom TNI) has named nine more Indonesian Military (TNI) members as the suspects in an attack against the Ciracas Police Station in East Jakarta.Puspom commander Maj. Gen. Eddy Rate Muis said that, with the addition of the nine suspects, there were now 65 suspects from the TNI in total.According to Eddy, there are 57 suspects from the Army, seven suspects from the Navy and one suspect from the Air Force.
Sweden’s AMF is to invest in UK wind farms, committing to an offshore wind fund managed by the Green Investment Bank (GIB).The SEK550bn (€59.5bn) pension provider participated in the second close of the fund, which attracted £355m (€478m), bringing total fund assets to £818m.As IPE reported in June, the £15.7bn Strathclyde Pension Fund committed £50m to the second close.It is understood that the remaining £305m from the second close comes from AMF and a third, unnamed northern European investor. Shaun Kingsbury, chief executive at GIB and executive chairman of its fund management subsidiary, said he was delighted by the “calibre” of investors attracted to the offshore fund.He said Strathclyde and AMF were “leading the way” when it came to green infrastructure.The second close coincided with the acquisition of GIB’s 10% stake in the Gwynt y Môr wind farm in Liverpool Bay, increasing the number of wind farms held by the fund to three.Peder Hasselev, CIO at AMF, said the provider committed to the offshore wind fund as it proved a responsible investment, and good returns went “hand-in-hand”.Paul Rooney, councillor at Glasgow City Council and chair of the pension fund, noted that the scheme was following on from its involvement with other GIB projects with a “globally significant” investment in offshore wind.“We are confident it is one that will deliver not only sustainable and secure energy infrastructure for the future of our communities but a sustainable and secure future for our members who are saving for retirement,” he said.The offshore wind fund’s first close previously attracted commitments worth £463m from investors including UK local authority funds and a sovereign wealth fund, believed to be the Abu Dhabi Investment Authority.Earlier this year, the UK government announced a “staged privatisation” of GIB, which would see a majority stake in the currently state-owned bank sold by 2020.
Gerard van Olphen, the chief executive officer of the €531bn Dutch pension asset manager APG, will leave his post in spring 2021.Van Olphen, who had been in charge of APG since 2016, had signed a new four-year contract as recently as February.In a video message to staff, Van Olphen said he used the coronavirus lockdown period to reflect on his work-life balance, concluding he wanted to give more attention to his private life.In addition to citing private reasons, Van Olphen said he sees APG’s new 2025 strategy as “a natural moment” to make way for a successor. As part of its new strategy, APG is now once more open to taking on new pension fund clients. Pieter Jongstra, chair of the supervisory board of APG Group, said he respected Van Olphen’s decision, adding he “would have liked to make longer use of the committed chairman of the board that Gerard has been for APG.”Van Olphen committed to staying on as CEO until spring to ensure a smooth succession. APG’s supervisory board has started the procedure to find a new CEO, hoping to announce the appointment of a successor by spring.Under Van Olphen’s leadership, APG sold off its insurance arm Loyalis and its administration platform Riskco which were no longer seen as core activities.APG also hailed Van Olphen as having presided over an improvement of the execution of the pension administration.To read the digital edition of IPE’s latest magazine click here.
Manchester United face having to pay over £200,000-a-week to bring Jadon Sancho from Borussia Dortmund. Jadon Sancho is keen on returning to the Premier League The Daily Star says Sancho’s wage demands at United are set to skyrocket to over £200,000-a-week. The Borussia Dortmund ace has been touted to return to the Premier League in the next transfer window. The England international is hot property this season with a host of elite European clubs chasing his signature. Three years after leaving Manchester City’s academy for the Bundesliga, the likes of United, Chelsea and Liverpool are all keen to sign him.Advertisement Loading… But the favourites to land the 20-year-old are the Red Devils, who have been laying the groundwork over a transfer for the last two years. Dortmund are preparing to lose him at the end of the season but he will command a hefty price-tag. Bild says they are planning to offer Sancho a bumper new contract worth £167,000-a-week to keep hold of him. read also:Pundit casts doubt over £120m Man Utd move for Sancho It means United will have to go one better with the Camberwell-born ace set to ask for over £200,000-a-week. FacebookTwitterWhatsAppEmail分享 Promoted Content10 Risky Jobs Some Women Do14 Hilarious Comics Made By Women You Need To Follow Right NowThe Highest Paid Football Players In The World7 Ways To Understand Your Girlfriend Better8 Superfoods For Growing Hair Back And Stimulating Its Growth5 Of The World’s Most Unique Theme ParksWho Is The Most Powerful Woman On Earth?7 Universities Where Getting An Education Costs A Hefty Penny9 Facts You Should Know Before Getting A TattooMacaulay Culkin’s Own Version Of The New ‘Home Alone’Who’s The Best Car Manufacturer Of All Time?8 Fascinating Facts About Coffee
RelatedPosts Tyson Fury to Anthony Joshua: Don’t risk fighting Usyk Anthony Joshua wants Tyson Fury, Wilder fight Joshua: Tyson Fury won’t distract me Tyson Fury has been cleared following glove tampering allegation by one of Deontay Wilder’s team who accused the Gypsy King of wrongdoing.Fury dealt Wilder the first defeat of his professional career earlier this year as he stopped him in the seventh round in Las Vegas. But Wilder’s younger brother Marsellos took to social media saying Deontay had suffered injuries “no glove or fist was able to cause”.BT Sport released footage of Fury having his hands wrapped before the fight at the MGM Grand, but wasn’t enough to clear him.He has now been cleared by the World Boxing Council and the Nevada state Athletic Commission are unlikely to act.WBC President Mauricio Sulaiman has come out and told Sky Sports that any theory of Fury cheating would be dismissed.“It’s ridiculous. It’s difficult to understand,” he told Sky Sports. “I was present in both fights, I was in the dressing room, in both fights. Both Wilder and Fury dressing room.“One was in California, the other one was in Nevada. In both cases, there were at least three inspectors in each dressing room.“I was there before and after the fight. And I saw the hand wraps, I saw them with the gloves. I was in the ring when they came into the ring, and I was sitting right there during the fight.“At no moment, in either fight, I saw anything that would look suspicious whatsoever. After the fight, they take off the gloves, they are handed to the commission.”He went on to criticise those who want to take the shine off what he called a “huge victory”. “It’s very sad,” Sulaiman added. “To try and take away something from a huge victory, one of the greatest nights of the sport in the century, to try and put a blemish on that event, is so irresponsible and so stupid.“It should not be given any consideration.”—Tags: Deontay WilderGypsy KingMarsellosTyson Fury
Madrid: Real Madrid’s squad headed for Moscow on Sunday, where the team is set to play the upcoming UEFA Champions League match against CSKA Moscow, but Sergio Ramos, Gareth Bale, Marcelo and Isco Alarcon did not travel.Coach Julen Lopetegui has named 20 players for Tuesday’s match, including Vinicius Jr, who made his La Liga debut against Atletico Madrid on Saturday and is looking to make his Champions League debut in Russia, reports Efe.The Spanish coach decided to give a rest to captain Sergio Ramos after he suffered a cut to his left eyebrow during the Atletico match.Bale underwent medical tests to determine whether he has a muscle injury, after being replaced at halftime during the Madrid derby. Marcelo suffers a muscular problem and Isco recently underwent surgery for appendicitis.Lopetegui will be forced to make changes in his team due to the four key players’ absence.The list included: Keylor Navas, Thibaut Courtois, Kiko Casilla, Carvajal, Alvaro Odriozola, Jesus Vallejo, Raphael Varane, Nacho, Sergio Reguilon Rodriguez, Casemiro, Federico Valverde, Marcos Llorente, Toni Kroos, Luka Modric, Dani Ceballos, Marco Asensio, Lucas Vazquez, Vinicius, Mariano Diaz Mejia and Karim Benzema. IANS
The Latest: Stadium in São Paulo to be turned into hospital The Athletics Association’s statement comes a day after the International Olympic Committee set itself a four-week deadline to decide on a delay.Athletics Association president Christian Taylor and vice president Emma Coburn say “we’re imploring the IOC to announce the postponement of Tokyo 2020 Olympics much sooner than in four weeks’ time.”Taylor is a long jumper and Coburn is a runner. Both competed for the United States at the 2016 Rio de Janeiro Olympics.The group says more than 4,000 athletes have responded to a survey it conducted, with a large majority favoring postponement.Dina Asher-Smith, the world champion in the 200 meters, has also called for a quicker decision by the IOC. The 45,000-seat stadium that was built for the 1950 World Cup is expected to have more than 200 beds and should be ready in 10 days. Construction began on Saturday.___The president of the Norwegian Olympic Committee is recommending that athletes from the country are not sent to the Tokyo Games if they take place as scheduled.Berit Kjøll says “it will not be possible to carry out a Tokyo Olympics and Paralympics in July as planned” because of the growing coronavirus outbreak.Kjøll says she respects the IOC’s request to “come up with a well thought-out and good plan for when the games can be completed.” The IOC says it will make a decision within four weeks and the Russian Olympic Committee endorsed that plan by calling for “complete support.”The ROC says “we view as unacceptable any attempts to bring pressure on the organizations in charge responsible of staging the games and to force them to take rash decisions.”Canada has said it will boycott the Tokyo Olympics unless they are postponed and Australia has called for athletes to prepare for a 2021 event.Russia was faced with sending a neutral team to the Tokyo Olympics under sanctions from the World Anti-Doping Agency. But those measures can’t be implemented until there’s a ruling from the Court of Arbitration for Sport, where hearings have been delayed by the coronavirus outbreak. It’s unclear whether CAS could still rule before the Tokyo Olympics are scheduled to start July 24.___ ____More AP sports: https://apnews.com/apf-sports and https://twitter.com/AP_Sports,Tampa Bay Lightning advance to face Dallas Stars in Stanley Cup finals, beating New York Islanders 2-1 in OT in Game 6 Associated Press AOC chief executive Matt Carroll says Australia has athletes based overseas and training in central locations around the country.“With travel and other restrictions this becomes an untenable situation,” Carroll said.The Canadian Olympic Committee earlier said it won’t send athletes to the Tokyo Games unless they are postponed for a year, becoming the first country to threaten such a move in the face of the coronavirus pandemic.The committee sent out a statement Sunday evening saying it was willing to help the IOC search for alternatives, but that it was not safe for athletes, “their families and the broader Canadian community for athletes to continue training for these games.”The IOC says it is considering all options. The Tokyo Games are scheduled to start July 24. The Norwegian federation previously had said the Tokyo Olympics should only to take place once the coronavirus outbreak “is under firm control” worldwide.The Canadian Olympic Committee has said it will not be sending athletes to the Olympics unless the games are postponed by a year. Australia says it was advising its athletes to prepare for an Olympics in 2021.___Basketball governing body FIBA is telling players around the world to stay inside.FIBA president Hamane Niang and secretary general Andreas Zagklis says that in “no circumstance should our passion to play basketball surpass the importance of following the instructions of the public authorities” when it comes to helping ensure public health. FIBA says it plans to make decisions soon about the Basketball Champions League, the Basketball Champions League Americas and the Basketball Africa League — as well as all suspended international competitions.FIBA also is monitoring the Olympic developments as the world begins bracing for — and in some cases, advocating for — a postponement of this year’s Tokyo Games. Since qualifying is not yet completed, FIBA says “there is a growing need for answers to be provided quickly.”Niang and Zagklis added that “we will not ask our players to go somewhere, where we would not send our own children.”___Russia has backed the International Olympic Committee’s approach of taking time to consider postponing the Tokyo Games and condemned the body’s critics. March 23, 2020 The latest postponement means there will be no Formula One races until the middle of June at the earliest.The race at the Baku City Circuit was scheduled for June 7.The first seven races of the Formula One season had already either been postponed or canceled.___A group representing track and field athletes has called for the Tokyo Olympics to be postponed because of the coronavirus outbreak. The British sprinter writes on Twitter “does this mean that athletes face up to another FOUR weeks of finding ways to fit in training – whilst potentially putting ourselves, coaches, support staff and loved ones at risk just to find out they were going to be postponed anyway.”___The Australian Olympic Committee has advised its athletes to prepare for an Olympics in 2021.Ian Chesterman, Australia’s team leader for Tokyo, says “it’s clear the games can’t be held in July.”“Our athletes have been magnificent in their positive attitude to training and preparing, but the stress and uncertainty has been extremely challenging for them,” Chesterman said in a statement released Monday by the Australian Olympic Committee. The Spanish soccer federation and the Spanish league say the suspension of professional soccer in the country will continue until government officials “consider that they can be resumed without creating any health risk.”The soccer competitions had been initially suspended for two weeks, but on Sunday the government said the country’s state of emergency would likely be extended, meaning the entire nation may have to remain in lockdown until at least April 11.Spanish authorities say more than 33,000 people have been infected with the coronavirus in the country, with 2,182 deaths.___The Azerbaijan Grand Prix has been postponed because of the coronavirus outbreak. ___Japanese Prime Minister Shinzo Abe says a postponement of the Tokyo Olympics would be unavoidable if the games cannot be held in a complete way because of the coronavirus impact.He was commenting on the International Olympic Committee plan to examine the situation over the next few weeks and make a decision, which could include a postponement.Abe, speaking at a parliamentary session, ruled out the possibility of a cancellation.Whether Tokyo can hold the Olympics as planned from July 24 has been a major international concern as the COVID-19 pandemic has spread globally. Share This StoryFacebookTwitteremailPrintLinkedinRedditThe Latest on the effect of the coronavirus outbreak on sports around the world:___Pacaembu Stadium in São Paulo is being turned into an open-air hospital to help fight the coronavirus outbreak.