Sunday, 8 October 2017

NNPC subsidiary declares N15.8 billion profit after tax in 2016

The Nigerian National Petroleum Corporation, NNPC, says Nigerian Gas Processing and Transportation Company Ltd., NGPTC, one of its subsidiary companies, has declared a profit after tax of N15.81 billion in 2016.

The NNPC disclosed this in Abuja on Sunday in a statement by the corporation’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu.

Mr. Ughamadu explained that the profit was due to the write-back of deferred tax of N8.05 billion in 2015 and part of the dividends of the ongoing transformation.

The Chief Operating Officer and Chairman of NGPTC, Saidu Mohammed, disclosed that the profit before tax for the year ended December 31, 2016 was N24.4 billion as against N20.9 billion in 2015.

“This represents an increment of 16.8 per cent, while the profit after tax reduced from N22.6 billion in 2015 to N15.81 billion in 2016.

“Also, earnings per share reduced from N4,510 in 2015 to N3,163 for 2016.

“The total revenue generated from gas sold and transmitted during 2016 amounted to N219.5 billion as against N155.5 billion in 2015, representing a 41 per cent increase over the previous year,” he said.

Mr. Ughamadu said that the increase was due to revenue generated from application of higher transportation tariff and new commercial customers that came on stream.

“An overview of NGPTC’s business performance for the year 2016 shows that 307 billion standard cubic feet (bscf) of gas was sold and transmitted as against the planned 463 bscf, thereby achieving 66.4 per cent of its target.

“The year 2016 also reveals a performance of four per cent below the volume of 319.25 bscf sold in 2015,” the public affairs manager said.

He noted that the company was confronted with the challenges of incessant vandalism of the Escravos-Lagos Pipeline System 1 (ELPS 1), Trans Forcados pipeline and evacuation bottleneck of condensate in 2016.

He acknowledged the continued support of NGPTC’s host communities for the sustained peace and tranquility in the company’s areas of operation.

The NGPTC, formerly Nigerian Gas Company (NGC) Ltd., a fully-owned subsidiary of the NNPC, was incorporated in 1981 and commenced business in 1988.

NGC was renamed NGPTC in 2016 with a mandate to process and transport natural gas domestically and for export.

(NAN)

Solar cars begin race across Australian desert

SYDNEY, Oct 8 (Reuters) - The World Solar Challenge began on Sunday with 42 solar cars crossing Australia's tropical north to its southern shores, a gruelling 3,000 km (1,864 mile) race through the outback.

The race from the northern city of Darwin to the southern city of Adelaide is expected to take a week for most cars, with speeds of 90-100 kmh (55-62 mph) powered only by the sun.

The fastest time was achieved by Japan's Tokai University in 2009, completing the transcontinetal race in only 29 hours and 49 minutes.

Belgian team Punch Powertrain started first on Sunday after recording a trial time of 2:03.8 for 2.97 km (1.78 miles), hitting an average speed of 83.4 kmh (51.5mph).

But reigning 2015 champions Nuon from Delft University of Technology in the Netherlands believes it has a good chance of retaining the prize.

"All the cars look completely different (this year), and all we know is we've got a good car, we've got it running perfectly the last couple of days and we're confident we're going to do everything to win," tour manager Sarah Benninkbolt said Sunday.

Race director Chris Selwood said the biennial event has attracted one of the best fields ever, with teams from more than 40 countries.

"This is the 30th anniversary of the Bridgestone World Solar Challenge and competitors want to be part of that. They have been drawn to the challenge of new regulations which reduced the solar array size without limiting the size of the solar car," Selwood said.

Teams come from countries including the United States, Japan, Germany, Chile, Netherlands, United Kingdom, Malaysia, Belgium, Sweden, Iran, South Korea, India, Hong Kong, South Africa, Poland, Thailand, Turkey, Canada, Taiwan and Australia.

The Northern Territory Minister for Tourism and Culture, Lauren Moss said her government's A$250,000 (US$194,150) sponsorship of the race showed it was committed to achieving 50 percent renewable energy for the territory by 2030.

"Innovation is at the heart of the event and the technology showcased this year will influence continuing solar innovation for vehicles and householders in the future," she said.

"This event is a great promotion for the NT - it shows our ability to innovate to the world."



Jonathan, Umahi, APC, others speak on Super Eagles’ World Cup qualification

Former President Goodluck Jonathan has congratulated the Super Eagles of Nigeria after qualifying for the Russia 2018 FIFA World Cup.
Nigeria became the first African nation to book a spot at the 2018 FIFA World Cup in Russia after a 1-0 win over Zambia on Sunday in Uyo.

Arsenal forward Alex Iwobi scored the winner as Gernot Rohr’s side qualified for a record sixth World Cup appearance.

In a tweet via his official Twitter handle, Mr. Jonathan applauded the fighting spirit of the Eagles, saying the team exemplified the “can do Nigerian spirit”.

“I am not surprised that you have qualified. Thank you @NGSuperEagles. You exemplify the can do Nigerian spirit,” he tweeted.

In its reaction to the qualification, the All Progressives Congress, APC, said that sports in Nigeria, particularly football, remained one of the greatest unifier of people across political affiliations, religion, gender, tribe and other divides.

Bolaji Abdullahi, APC National Publicity Secretary stated this in a statement on Saturday in Abuja.

Mr. Abdullahi joined millions of Nigerians in celebrating and congratulating the Super Eagles for their qualification to next year’s FIFA World Cup in Russia.

He also congratulated the Ministry of Sports, the Nigerian Football Federation, the technical crew, management, and backroom staff for securing Nigeria’s sixth appearance at the World Cup.

The APC spokesman said it was indeed a delight watching the Super Eagles defeat the Chipolopolo of Zambia in front of excited home fans at the Akwa Ibom International Stadium, Uyo.

He noted that the victory put Nigeria on an unassailable 13 points at the top of Group B and charged Nigerians to take advantage of the feat to further foster harmony amongst themselves.

Mr. Abdullahi, a former sports minister, however, called on the sports authorities not to rest on their oars but to begin early preparation ahead of 2018 to ensure that the Super Eagles perform well at the global tournament.

Also, the Chairman of the South East Governors Forum and Ebonyi State Governor, David Umahi has congratulated the Super Eagles for qualifying for the 2018 World Cup in Russia.

The News Agency of Nigeria reports that other sports fans in Ebonyi also congratulated the Gernot-Rohr tutored-side for beating the Chipolopolo of Zambia 1-0 in Uyo on Saturday.

The Eagles thus qualified for the mundial with a match to spare and became the first African team to qualify for the soccer fiesta.

Mr. Umahi in a statement signed by his Chief Press Secretary, Emmanuel Uzor, described the team’s victory ‘as sensational’.

“The players demonstrated the undying-spirit of unity to decimate the Zambians and all their group opponents, to qualify for the world cup.

“I also congratulate Nigerians for making it once again to the highest international football fiesta as this brings an encouraging light in the country’s football and sports in general.”

The governor called for more dedication from the players and entire technical crew and for serious preparations to ensure a credible world cup.

Bethel Anukwu, a transporter and soccer buff, also congratulated the team and urged the technical crew to maintain the current squad.

“There are few FIFA free-windows between this period and the world cup in June 2018 which gives the team less time to prepare adequately for the tournament.

“The Nigerian Football Federation (NFF) should organise quality friendly matches for the team and also ensure that the current squad executes the last qualifier against Algeria for enhanced blending,” he said.

Agnes Uwakwe, ex-Falconets invitee, urged the technical crew to focus attention at the AFCON 2019 qualifiers where the team is currently not finding its bearing.

“The current squad should execute the remaining AFCON qualifiers which would serve as an avenue to prepare for the world cup and ensure eventual AFCON qualification,” she said.

In his reaction, Tunde Popoola, Secretary General of the Nigeria Olympics 
Committee, NOC, congratulated the Eagles, adding that their victory demonstrates how great Nigeria is in diversity.

“The Super Eagles continue to make us all proud and demonstrate the greatness in our diversity.

“Congratulations to all Nigerians. We can truly achieve great things when we come together,” he said.
Godwin Bamigboye, Chairman, Nigeria Football Coaches Association, FCT Chapter, on his part heaped praise on Coach Gernot Rohr for the crucial role he played in qualifying the team for the World Cup.

“A lot of eyebrows were raised when the Nigeria Football Federation (NFF) appointed Rohr as the head coach of the Super Eagles.

“Well, look who has taken the team to next year’s World Cup.

“The German coach has shown tactical acumen, leading the Super Eagles through the qualifying campaign without defeat so far and making fans believe in the team again.

“He again displayed excellent tactical and technical prowess through his vital substitutions in the match against Zambia.

“The introduction of Arsenal’s Iwobi injected pace into the Eagles’ attack as the Zambians found it hard to cope with Iwobi’s runs from the right wing.

“Mikel Agu also brought calm and stability to the Eagles’ midfield.

“That’s the difference! Football has gone scientific and it takes a sophisticated coach to find the winning formula when the chips are down,” he said.

Emmanuel Babayaro, an ex-international praised the Eagles for the hard-fought victory, adding that the Zambians were a difficult nut to crack.

“Congratulations to the boys and technical crew for the hard-fought victory. This has to stand out as one of the toughest games played in the qualifier so far.

“They might have been defeated, but hats off to the Chipolopolo for coming this far with their young and fearless squad.

“Coach Nyirenda’s boys caused Nigeria a lot of trouble on Saturday, after beating Algeria home and away in the last round of matches.

“I wouldn’t be surprised if they qualify for the next World Cup,” he said.

Nduka Ugbade, also an ex-international and former Assistant Coach of the Flying Eagles hailed the Eagles for picking up the World Cup ticket, adding that it wasn’t ‘a walk in the park’ for the Eagles.

He, however, urged the NFF to begin preparations for the World Cup immediately to ensure that the team also have a successful campaign in Russia 2018.

“Kudos to the Eagles for making us proud to have worn the green white green colour.
“Zambia proved to all, including the watching NFF officials, that every game will not always be a walk in the park.

“It is not too early to start preparing hard for the World Cup as June is around the corner.

“Rohr has to look at the left-back spot where every wide man seems to get the beating of Elderson Echiejile and see if Ola Aina can step up to the challenge.
“Also, a decent back-up for Odion Ighalo is needed as well as an upgrade on Onazi too,” Ugbade said.

With one more match to play, Nigeria are on top of Group B with 13 points and have thus qualified for the World Cup as group winners.

Zambia, African champions Cameroon and Algeria with seven, six and one point respectively have all crashed out of Russia 2018.


(NAN)

Hurricane Nate floods streets as it slams U.S. Gulf Coast

NEW ORLEANS, Oct 8 (Reuters) - Hurricane Nate slammed the Mississippi Coast on Sunday with destructive winds and torrential rains that flooded streets and highways throughout the region as the fast moving Category 1 storm made landfall.

Nate, the fourth major storm to strike the United States in less than two months, killed at least 30 people in Central America before entering the warm waters of the Gulf of Mexico and bearing down on the U.S. South. It has also shut down most oil and gas production in the Gulf.

Nate comes on the heels of three other major storms, Harvey, Irma and Maria, which devastated Texas, Florida and Puerto Rico, respectively. However, with winds of 85 miles per hour (135 km per hour), which make it a Category 1 storm, the weakest in the five-category ranking used by meteorologists, Nate appeared to lack the devastating punch of its predecessors.

The National Hurricane Center (NHC) downgraded its warning for New Orleans to a tropical storm. But Nate was expected to regain some strength and make a second landfall along the coast of Mississippi to the east.

"The only thing you can do is prepare," said Gulfport, Mississippi, resident Emmett Bryant. "Here there's nothing really you can do when the storm comes unless you're going to leave. And I don't plan on leaving."

The hurricane's center was expected to pass over portions of Mississippi, Alabama, and Tennessee through Sunday night, eventually weakening to a tropical depression. Before then, storm surges of up to 11 feet (3.4 m) on the Mississippi-Alabama border were possible, the NHC said.

In Hancock County, Mississippi, northeast of New Orleans, rain and wind were gaining intensity and many streets were washing over. Conditions are likely to worsen in the next few hours, said Brian Adam, director of emergency management for the county.

The county evacuated people from low-lying areas and imposed a curfew.

The storm surge brought flood waters over Highway 90 and up to ocean-side casinos in Biloxi, Mississippi, while flood waters swept over streets in communities across Mississippi and Alabama, according to reports on social media.

"We have a restaurant and one of our main bars open so they have been ok so far," Chett Harrison, the general manager at the Golden Nugget hotel and casino in Biloxi where 300 guests were hunkered down, told a local CBS TV affiliate. "No one has tried to leave thank goodness because everything is flooded around us."

Biloxi warned its 46,000 residents that the highest storm surge would occur until 3 a.m. Sunday and could reach 11 feet to 12 feet.

Earlier in the day, states of emergency were declared in Louisiana, Mississippi and Alabama, as well as in more than two dozen Florida counties.

In Alabama, Governor Kay Ivey urged residents in areas facing heavy winds and storm surges to take precautions.

Some 5,000 people in southern Alabama were without power due to Nate, Alabama Power said.

Rainfall amounts of 3 inches to 6 inches (7.6 cm to 15.2 cm), up to a maximum of 10 inches were expected east of the Mississippi River from the central Gulf Coast into the Deep South, in the eastern Tennessee Valley, and southern Appalachian mountains, the NHC said.

Rainfall in the Ohio Valley and into the central Appalachians could be 2 inches to 5 inches with a maximum of 7 inches.

NEW ORLEANS THREAT DOWNGRADED

New Orleans Mayor Mitch Landrieu lifted a curfew in the city on Saturday evening that was originally scheduled to last until Sunday morning. He said in a statement on social media however, that there was still a serious threat of storm surge outside levee areas.

Plaquemines Parish south of New Orleans evacuated some 240 residents who were not protected by its levee system as the storm approached.

"While it appears we're being spared ... our hearts go out to Mississippi," said Amos Cormier, president of Plaquemines Parish, a low-lying area south of New Orleans.

Major shipping ports across the central U.S. Gulf Coast were closed to inbound and outbound traffic on Saturday, as Nate intensified and storm surges of up 11 feet were expected at the mouth of the Mississippi River.

The storm has curtailed 92 percent of daily oil production and 77 percent of daily natural gas output in the Gulf of Mexico, more than three times the amount affected by Harvey.

Workers had been evacuated from 301 platforms and 13 rigs as of Saturday, said the U.S. Bureau of Safety and Environmental Enforcement.

Before heading north into the Gulf, Nate brushed Mexico's Yucatan peninsula, home to beach resorts such as Cancun and Playa del Carmen, the NHC said.

The storm doused Central America with heavy rains on Thursday, killing at least 16 people in Nicaragua, 10 in Costa Rica, two in Honduras and two in El Salvador.

Thousands were forced to evacuate their homes and Costa Rica's government declared a state of emergency.

Saturday, 7 October 2017

On Putin's birthday, opposition activists protest, call for him to quit

MOSCOW, Oct 7 (Reuters) - Police detained more than 200 opposition activists on Saturday for taking part in a wave of anti-Kremlin protests across Russia in support of jailed opposition leader Alexei Navalny, ahead of a presidential election in March, a monitoring group reported.

Under grey skies and intermittent rain, over two thousand people gathered in central Moscow’s Pushkin Square and chanted “Russia will be free” and “Russia without Putin” before walking towards the Kremlin and parliament.

Police briefly detained a few people, but did not charge anyone. It was a different story at rallies in other cities however, and the OVD-Info monitoring group, a non-profit organization, said at least 262 people had been detained in 27 towns.

In St Petersburg, Putin’s home town, a Reuters witness saw riot police roughly detain at least 11 people. OVD-Info said at least 66 people had been detained in the city.

Navalny, who is serving a 20-day jail term for violating rules on public meetings, called the rally in Moscow and other cities to coincide with Putin’s 65th birthday.

Putin, who has dominated Russia’s political landscape for almost 18 years, is widely expected to run for what would be his fourth term.

Navalny hopes to run too, despite the central election commission declaring him ineligible due to a suspended prison sentence he says was politically-motivated.

One of the Moscow protesters held a homemade poster of Putin sitting on a mountain of banknotes, wearing a crown with the legend: “Happy Birthday you little thief!”

Others carried posters citing their right to protest, some waved Russian flags, and a few carried inflatable yellow ducks, a jokey reference to Navalny accusing Prime Minister Dmitry Medvedev of owning a lavish estate with a duck house.

Medvedev called the claims politically-motivated nonsense.

In St Petersburg, some 1,500 activists waving red and white banners gathered in a square before heading for the city’s main street shouting “Putin is a thief” and “Free Navalny”.

PROTESTS MORE MODEST IN SIZE

The size of Saturday’s Moscow rally and others across Russia looked far more modest than Navalny-backed mass protests in March and June, which were widely recognized to be some of the biggest since 2012.

Many of the Moscow protesters were teenagers or in their twenties.

Carrying a yellow duck, Ulugbek Apsapayev, 17, said he had turned up because he wanted a better future for Russia.

“The duck is a sign that we support Alexei Navalny who also wants only good things for the country. But unfortunately we only have Vladimir Putin and his gang in power.”

Putin is popular across the country however, especially outside major cities where his strong leadership style and tough foreign policy stance go down well. He is expected to confirm later this year that he will run for another six-year term.

Opinion polls show he would comfortably beat Navalny if the opposition leader was allowed to run. Navalny says such polls are meaningless because there is no fair political competition.

Putin spent his birthday taking congratulatory calls from other world leaders, and chaired a security council meeting.

Authorities had refused to approve most of Saturday’s rallies, but Navalny says Russians’ right to protest is enshrined in the constitution.

A Reuters reporter at a rally in the Urals city of Yekaterinburg saw police detain at least eight people among a crowd of over 1,000 protesters.

World Cup: Berg hits four as Sweden hammer Luxembourg 8-0

STOCKHOLM, Oct 7 (Reuters) - Striker Marcus Berg scored four goals and Andreas Granqvist netted two penalties as Sweden ran riot in front of a record crowd of 50,022 at the Friends Arena, hammering Luxembourg 8-0 to replace France as leaders of World Cup qualifying Group A.

The Swedes now have 19 points and will secure second place if Bulgaria fail to beat the French and Netherlands don't get a victory over Belarus later on Saturday. France can reclaim top spot if they beat the Bulgarians.

Striker Ola Toivonen was hacked down making a clever spin move in the box, and Sweden captain Granqvist slammed home the resulting spot-kick to give the Swedes the lead in the 10th minute.

Berg made it 2-0 eight minutes later, sweeping the ball home after Mikael Lustig, Emil Forsberg and Toivonen all combined to set him up.

He made it three before half-time, collecting Toivonen's sublime pass, chipping the ball over goalkeeper Jonathan Joubert and nodding it into an empty net, and he completed his hat-trick nine minutes into the second half with a curling shot.

Lustig headed home a free kick on the hour mark with what proved to be his last touch of the game, running to celebrate with Emil Krafth who was waiting on the sideline to replace him, and Granqvist added a second penalty in the 67th minute.

Berg netted his fourth goal of the night with a looping header in the 71st minute, and Toivonen scored Sweden's eighth with a stunning side-footed volley six minutes later after a superb long ball by Krafth.

The Swedes now travel to Amsterdam to face Netherlands in their final group game, while France host Belarus and Luxembourg are at home to Bulgaria.

Nigeria beat Zambia 1-0 to qualify for 2018 World Cup

Nigeria's Super Eagles have qualified for the 2018 World Cup holding in Russia after defeating Zambia 1-0 at a qualifier in Akwa Ibom on Saturday.

Substitute Alex Iwobi got Nigeria’s goal in the 71st miniute.

The Eagles had several chances at goal but their profligacy meant they scored just a goal in front of their home fans.

The Latest: London Ambulance: 11 injured in museum car crash

LONDON (AP) - The Latest on a car that hit pedestrians outside of London's Natural History Museum (all times local):

5:55 p.m.

The London Ambulance Service says 11 people have been injured when a car crashed into pedestrians outside the Natural History Museum.


Deputy Director of Operations Peter McKenna said Saturday that nine of the injured were taken to the hospital for treatment, most with leg and head injuries.

The incident caused panic on the crowded street outside the museum on Saturday afternoon. Police have not said if it was related to terrorism. One man was detained at the scene.

McKenna said the service sent multiple resources including its hazardous response team to London's museum district.

___
5:40 p.m.

Workers in a cafe near London's Natural History Museum say they fled the scene in panic after a car hit pedestrians in the street outside.

Marilin Mueller, 20, said she thought at first it was a traffic accident Saturday but that "loads of police cars" arrived shortly after. She says "all of these police came marching down saying, 'Move, move.' They said, 'you need to evacuate.'"

Dieon Rurora said people were running down the street to get away and some fell over. He says "It was quite scary."

Many shops in the museum district were evacuated and the museum was shut down as police tried to determine if there was a threat to the public. Police have not said if the car crash is related to terrorism.

___
5:30 p.m.

A police forensics officer in blue coveralls is outside the Natural History Museum in London, taking photographs of the scene where a car hit pedestrians, injuring some people.

One woman was led away by a paramedic after Saturday's crash, draped in a red blanket. She did not appear to be seriously injured.

One man has been detained in the crash. Officials have not released details about the severity and the number of the injuries. London police have also not said if this incident is related to terrorism.

The Victoria and Albert Museum next to the history museum remained opened Saturday afternoon despite the car crash.

___
5:10 p.m.

London Mayor Sadiq Khan has tweeted that "a number of people" have been injured in an incident involving a car in the city's museum area.

He said "details are still emerging" about the incident Saturday and that he is in close contact with Assistant Metropolitan Police Commissioner Mark Rowley, who plays a lead role in the police's counter-terrorism operation.

Officials have not released details about the severity and the number of the injuries.

London police have not said if this incident is related to terrorism.

___
3:30 p.m.

British emergency services raced to London's Natural History Museum after a car struck pedestrians Saturday outside the building. Police said a number of people were injured and one person was detained at the scene.

The crash happened at 2:20 p.m. on a day when the central London museum is usually teeming with pedestrians, including international tourists.

Photographs showed a dented silver car and a man being pinned to the ground outside the museum. Witness Katie Craine said she was coming out of the museum when she saw a man in handcuffs pinned down by police near a damaged car.

She says "he looked really proud of himself ... he was laughing."

British officials, however, have not classified the incident as a terrorist act.

___
3:15 p.m

The London Ambulance Service was tending to the injured outside the Natural History Museum after a car hit pedestrians on the busy street in front of the museum. There was no immediate statement on the number or severity of the injuries.

Shopkeepers in the immediate area were told to evacuate and police established a large security cordon around the area minutes after the incident, closing some roads. Police helicopters circled the scene overhead.

Police said they are working to establish the circumstances of the crash and more information will be provided once details are clear.

The Natural History Museum tweeted that there had been a "serious incident" outside the museum, which is located near the world famous Victoria and Albert Museum and other attractions.

Downing Street said British Prime Minister Theresa May was being briefed on the incident.

Ports from Louisiana to Florida close ahead of Hurricane Nate

HOUSTON, Oct 7 (Reuters) - Major shipping ports across the central U.S. Gulf Coast were closed to inbound and outbound traffic on Saturday as Hurricane Nate intensified and storm surges of up to 11 feet (3.74 meters) were expected.

The U.S. Coast Guard on Saturday ordered port condition Zulu, a halt to all traffic, beginning at 8 a.m. local time for New Orleans; Gulfport and Pascagoula, Mississippi; Mobile, Alabama; and Pensacola and Panama City, Florida.

New Orleans, which sits near the mouth of the Mississippi River, is an important transit point for energy, metals and agricultural commodities moving to overseas and domestic markets.

Nate is expected to strike the U.S. coast on Saturday night as a Category 2 storm on the Saffir-Simpson Hurricane Wind Scale, the National Hurricane Center said on Saturday. At that intensity, it would have destructive winds of 96 to 110 miles (154 to 177 km) per hour.

Restrictions on New Orleans inbound and outbound traffic span the lower Mississippi River from the Huey P. Long Bridge above Head of Passes to the Southwest Pass entrance at mile marker 20 below the head of passes, the Coast Guard said.

Gary LaGrange, executive director of trade group Ports Association of Louisiana, said he expected traffic restrictions to be lifted quickly once the fast-moving storm passes overnight.

"It'll be short-lived based on the projected path and movement of the storm unless an unlikely event happens - such as two vessels colliding," he said.

Vessels were still moving to secure berths at the ports on Saturday morning, he said.

The storm already has caused oil companies to evacuate workers at 66 production platforms and five rigs in the U.S. Gulf of Mexico, according to the U.S. government. As of Friday, operators had shut output equal to 1.24 million barrels per day of oil and 1.7 billion cubic feet per day of natural gas production in the U.S. Gulf of Mexico due the storm, it said.

Phillips 66 also halted operations at its Alliance, Louisiana, oil refinery on Saturday. The refinery is south of New Orleans along the banks of the Mississippi River.

Friday, 6 October 2017

U.S. lifts sanctions on Sudan: official

WASHINGTON Oct. 6  (Reuters) - The United States lifted 20-year-old economic sanctions against Sudan on Friday, a U.S. official said, citing progress on counter-terrorism and improvement on human rights.

In a move that completes a process begun by former President Barack Obama at the end of his tenure and which was opposed by human rights groups, President Donald Trump removed a U.S. trade embargo and other penalties that had effectively cut Sudan off from much of the global financial system.

The U.S. official who disclosed the decision spoke on condition of anonymity ahead of a formal announcement on Friday.

Catalan parliament defies Madrid pressure, works on independence declaration

BARCELONA/MADRID Oct. 6 (Reuters) - Catalan secessionists were working on Friday towards a unilateral declaration of independence from Spain that could be adopted next week in defiance of a court order and increased economic pressure from Madrid.

After Spain’s Constitutional Court suspended a session of the Catalan regional parliament set for Monday, which had been expected to endorse an independence declaration, the parliament said the region’s pro-independence leader Carles Puigdemont had asked to address the assembly on Tuesday.

Madrid apologized for the first time on Friday for police use of violence in trying to hinder a weekend referendum it had declared illegal. That crackdown raised the temperature of a confrontation that has grown into the worst political crisis for decades in Spain.

A Catalan legislator was quoted by El Mundo newspaper as saying secessionist parties in the Catalan parliament were discussing an independence declaration to be submitted to the assembly next Tuesday.

“We are in talks about a text, with paper and pencil, on the declaration that we want the regional parliament to accept on Tuesday,” Carles Riera, a lawmaker from the pro-independence CUP (Popular Unity Candidacy), was quoted as saying.

“Nobody has put forward any scenario of delay, ambiguity or confusion. We are not working on that scenario,” he said.

The Catalan parliament announced Puigdemont would speak at a plenary session beginning at 6 p.m. on Tuesday.

The stakes are high for the euro zone’s fourth-largest economy. Catalonia is the source of a huge chunk of its tax revenue and hosts multinationals from carmaker Volkswagen to drugs firm AstraZeneca (AZN.L).

The Catalan region’s head of foreign affairs, Raul Romeva, told the BBC earlier that the Catalan parliament intended to make a decision on independence, without specifying when.

“Parliament will discuss, parliament will meet. It will be a debate and this is important,” Romeva said.

The Spanish government stepped up economic pressure on the Catalan government on Friday by passing a law to make it easier for companies to move their operations around the country, potentially dealing a blow to the region’s finances.

RELOCATIONS

Several of the region’s biggest companies, including Sabadell (SABE.MC), Spain’s fifth-largest lender, have already announced plans to move their registered offices elsewhere in Spain.

Catalonia-based utility Gas Natural (GAS.MC) said its board decided on Friday to move its registered office to Madrid for as long as the legal uncertainty in Catalonia continued. The board of Caixabank (CABK.MC), Catalonia’s biggest company, was due to meet on Friday to study a possible transfer of its legal base, a source familiar with the situation said.

Spain made a conciliatory gesture in apologizing for Sunday’s referendum violence, where Spanish police used batons and rubber bullets to stop people voting. The scenes brought worldwide condemnation and fanned separatist feeling but failed to prevent what the Catalan government described as an overwhelming yes vote.

“When I see these images, and more so when I know people have been hit, pushed and even one person who was hospitalized, I can’t help but regret it and apologize on behalf of the officers that intervened,” Enric Millo, the Spanish government’s representative in Catalonia, said in a television interview.

The apology came after the Catalan newspaper La Vanguardia quoted sources in Puigdemont’s party as saying a unilateral declaration of independence could be delayed if Madrid made a “gesture”, such as withdrawing some Spanish police reinforcements from the region.

CALLS FOR MEDIATION

Amid calls from many groups, including Barcelona soccer club, for a mediated solution to the standoff, Swiss state broadcaster RTS said neutral Switzerland was ready to provide a platform for dialogue between the Spanish government and Catalonia.

The foreign ministry in Bern said Switzerland was in touch with Spain and Catalonia but conditions for talks were not yet ripe.

Puigdemont has called for international mediation to find a way out of the impasse. Spanish Prime Minister Mariano Rajoy has offered all-party political talks to find a solution, opening the door to a deal giving Catalonia more autonomy, but only if the Catalan government gives up any independence ambitions.

“You can’t hold talks if people are outside the law,” Spanish government spokesman Inigo Mendez de Vigo told reporters after the weekly cabinet meeting.

Secession could fuel separatist-nationalist divisions across the rest of Spain, which only this year saw ETA guerrillas in the northern Basque region lay down their arms after a campaign lasting almost half a century.

Spanish ruling-party lawmakers say Rajoy is considering invoking the constitution to dissolve the regional parliament and force fresh Catalan elections if the region’s government goes ahead with an independence declaration.

Romeva’s remarks about the Catalan parliament pressing ahead with an independence debate hit Spanish stocks and bonds, including shares in the region’s two largest banks, Caixabank and Sabadell.

In a separate development that could raise tensions, Catalan police chief Josep Lluis Trapero appeared in Spain’s High Court on Friday to answer accusations he committed sedition by failing to enforce a court ban on holding the referendum.

Unlike national police, Catalonia’s force, the Mossos d‘Esquadra, did not use force to prevent people voting. Trapero has emerged as a hero for the pro-independence movement.

Spanish Economy Minister Luis de Guindos told Reuters in an interview on Thursday the turmoil was damaging Catalonia, an industrial and tourism powerhouse.

Opinion polls conducted before the vote suggest a minority of around 40 percent of residents in Catalonia back independence. But a majority wanted a referendum to be held, and the violent police crackdown angered Catalans across the divide.

Catalan officials released preliminary referendum results showing 90 percent support in favor of breaking away. But turnout was only about 43 percent as Catalans who favor remaining part of Spain mainly boycotted the ballot.

Costco steps up grocery battle with new delivery services

Costco Wholesale Corp has rolled out two new grocery delivery services this week, a new step in its efforts to fight growing competition from Amazon.com and Wal-Mart Stores Inc .

Costco Chief Financial Officer Richard Galanti said in the company's post-results call that the membership-based chain had started offering two-day delivery of dry groceries as well as a same-day delivery service for groceries including fresh foods.

The two-day delivery service would be free for online orders over $75 across the United States, while the same-day service - offered through its partner Instacart - is available at 376 U.S. stores.

Competition among U.S. grocery retailers has been tightening, particularly since Amazon bought Whole Foods and reduced prices at the upmarket grocer in August.

Wal-Mart and Kroger Co , the leading U.S. grocery retailers, have lost the most customers to Whole Foods due to the price cuts, a study conducted by a data analytics firm showed this week.

Galanti said that Costco had not seen any impact from Whole Foods' price cuts.

"(Costco's) new online delivery initiatives improve its competitive offering and could drive increased engagement with millennials," Jefferies analyst Daniel Binder wrote in a note.

"Provided they don't simply cannibalize store sales, the stronger omni-channel effort could prove accretive to sales and EBIT dollars," he added.

Costco shares were down 2.7 percent at $162.55 in premarket trading on Friday, as a fall in its fourth-quarter gross margins fueled concerns of an intensifying grocery price war. (Reuters)

Chinese state media report bloated battery in Apple's iPhone 8

A fresh case of Apple Inc's new iPhone popping open due to a swollen battery has been reported in state media in China, the world's biggest smartphone market where the U.S. firm is seeking to revive faltering sales.

The incident comes as Apple investigates similar cases reported in Taiwan and Japan of batteries in its latest iPhone 8 Plus becoming bloated, causing the device's casing to open.

On its website on Thursday, China's state-backed ThePaper.cn cited an iPhone buyer surnamed Liu as saying his newly purchased iPhone 8 Plus arrived cracked open on Oct. 5. There was no sign of scorching or an explosion.

Liu told ThePaper he bought the handset through online marketplace of JD.com Inc. He said he did not charge the new device and returned it to the seller.

Pictures taken by Liu and displayed on ThePaper's website showed an iPhone 8 plus split open along the side featuring the sim card holding, with the phone's internal parts visible.

An Apple spokesperson said the company is looking into the matter and declined to comment further.

The incident comes as indifferent reviews of the iPhone 8, which comes 10 years after Apple released the first version of the revolutionary phone, drove down shares of the company since the handset's launch.

Some investors worry whether pre-orders for the device were well below previous launches, although some Apple fans are waiting for the premium iPhone X due out in early November.

Apple competes in China with local makers, including Huawei Technologies Co Ltd and Oppo which sell phones with high-end features at lower prices. (Reuters)

Thursday, 5 October 2017

Social media executives to testify Nov. 1 about Russia and U.S. election

WASHINGTON, Oct 5 (Reuters) - Executives from Facebook Inc , Twitter Inc and Alphabet Inc's Google have been asked to testify about Russian meddling in the 2016 U.S. election before a House of Representatives panel on Nov. 1, a congressional aide said on Thursday.

Executives from the companies were already due to appear the same day before the Senate Intelligence Committee, which is also investigating Moscow's alleged role in the election. .

But the aide said they had also been asked to offer testimony at a public hearing of the House Intelligence Committee.

Aides to the committee's leaders declined comment. It is House Intelligence policy not to discuss the interview schedule.

Some U.S. lawmakers, increasingly alarmed about evidence that hackers used the internet to spread fake news and otherwise influence last year's election, have been pushing for more information about social networks in particular.

The Senate and House intelligence committees are two of the main congressional panels probing allegations that Russia sought to interfere in the U.S. election to boost Republican President Donald Trump's chances at winning the White House, and possible collusion between Trump associates and Russia.

Moscow denies any such activity, and Trump has repeatedly dismissed allegations of collusion.

Facebook confirmed that company officials would testify. Google and Twitter did not immediately respond to requests for comment.

As Ford pushes into electric vehicles, U.S. union aims to save jobs

The United Auto Workers is talking with Ford Motor Co (F.N) about ways to avoid layoffs as the No. 2 U.S. automaker builds more electric vehicles, a senior union official told Reuters on Thursday.

Ford told investors Tuesday it planned to slash $14 billion in costs over the next five years and shift investments away from internal combustion engines and sedans to develop more trucks, plus electric and hybrid cars.

“We’ve been doing our due diligence to find out how much it (electrification) means to us,” UAW Vice President Jimmy Settles, head of the union’s Ford department said in a telephone interview. “We put them on notice early on that we want to be part of this process.”

“Up to this point they (Ford) have been agreeable that it’s in the best interest of the company and also our members for us to be part of the process,” he added.

Ford’s push into electric comes after Detroit rival General Motors Co (GM.N) unveiled plans to add 20 new battery electric and fuel cell vehicles to its global lineup by 2023.

Ford’s presentation to investors this week under new chief executive Jim Hackett, included a slide touting a 30 percent reduction in “hours per unit” to build electric vehicles.

Fewer hours mean fewer workers.

German automaker Daimler AG (DAIGn.DE) warned last month that electric Mercedes models would initially be just half as profitable as conventional alternatives - forcing the group to find savings by outsourcing more component manufacturing, which may in turn threaten German jobs.

The UAW’s Settles said he had met one-on-one with Hackett, a former CEO of office furniture maker Steelcase Inc (SCS.N) and in a meeting with union leaders in recent weeks.

He said Hackett’s message had been that he wants to find new opportunities for UAW workers as electrification evolves.

“The assembly may be different, but he’s not looking to eliminate any jobs,” Settles said of Hackett. “He’s been consistent in what he’s saying and I‘m optimistic he means it.”

The UAW vice president said the union and automaker had assembled teams to discuss future jobs, including for production workers and skilled trades workers, Settles said.

Settles said Ford’s announcement in March that it would invest $200 million on a new data center in Michigan could create new union-represented, technology-related jobs.

“We need further communications on what it means in terms of jobs,” he said.

Ford has completed 85 percent of its 2015 union contract target of creating or retaining 8,500 union jobs by 2019 and could hit 100 percent by the end of 2017, Settles said.

A Ford spokeswoman said the company and the UAW are in “constant communications about the business.”  (Reuters)

Trump plans to declare that Iran nuclear deal is not in the national interest

President Trump plans to announce next week that he will “decertify” the international nuclear deal with Iran, saying it is not in the national interest of the United States and kicking the issue to a reluctant Congress, people briefed on an emerging White House strategy for Iran said Thursday.

The move would mark the first step in a process that could eventually result in the resumption of U.S. sanctions against Iran, which would blow up a deal limiting Iran’s nuclear activities that the country reached in 2015 with the U.S. and five other nations.

Trump is expected to deliver a speech, tentatively scheduled for Oct. 12, laying out a larger strategy for confronting the nation it blames for terrorism and instability throughout the Middle East.

Under what is described as a tougher and more comprehensive approach, Trump would open the door to modifying the landmark 2015 agreement he has repeatedly bashed as a raw deal for the United States. But for now he would hold off on recommending that Congress reimpose sanctions on Iran that would abrogate the agreement, said four people familiar with aspects of the president’s thinking.

All cautioned that plans are not fully set and could change. The White House would not confirm plans for a speech or its contents. Trump faces an Oct. 15 deadline to report to Congress on whether Iran is complying with the agreement and whether he judges the deal to be in the U.S. national interest.

“The administration looks forward to sharing details of our Iran strategy at the appropriate time,” said Michael A. Anton, spokesman for the White House national security council.

Other people familiar with the nine-month review of U.S. military, diplomatic, economic and intelligence approaches toward Iran spoke on condition of anonymity because aspects of the policy are not yet set and Trump has not announced his decision.

Trump’s senior national security advisers agreed within the past several weeks to recommend that Trump “decertify” the agreement at the Oct. 15 deadline, two of those people said.

That would start a 60-day congressional review period to consider the next steps for the United States. On its own, the step would not break the agreement among Iran, the United States and other world powers, but would start a clock on resuming sanctions that the United States had lifted as its part of the deal.

The administration has begun discussing possible legislation to “strengthen” the agreement, congressional aides and others said. That is the “fix it or nix it” approach suggested by both Israeli Prime Minister Benjamin Netanyahu and Sen. Tom Cotton (R-Ark.), a leading Republican hawk on Iran.

It is an uncertain prospect, and many supporters of the deal consider it a dodge.

Iranian President Hassan Rouhani said last month that he will not reopen the deal for negotiation.

Separately, representatives of Iran, China and Russia told Secretary of State Rex Tillerson the same thing during a meeting on the sidelines of the United Nations General Assembly session, two senior diplomats familiar with that meeting said.

Washington Post

Disconnect customers who reject prepaid meters – NERC tells distribution company

The Nigeria Electricity Regulatory Commission (NERC) has given electricity distribution companies the permission to disconnect customers who refused to be metered, according to the Jos Electricity Distribution Company (JEDC).

Its Managing Director, Alhaji Modibo Gidado, disclosed this on Wednesday in Jos, at a customers’ consultative focum.

He said that the meters were being installed to minimise electricity theft and ensure that electricity consumed was paid for.

The Managing Director, who was represented by Mr Verr Jirbo, the Executive Director (marketing), particularly warned customers in the four states covered by the JEDC – Plateau, Benue, Gombe and Bauchi – against by-passing meters.

“I want to strongly warn customers against stealing electricity and by-passing meters installed by us. Anyone caught will face the full wrath of the law,” he said.

He said that electricity theft was a criminal offence which JEDC would no longer tolerate.

The JEDC boss said that the company had massively procured prepaid meters and had ordered for even more in its efforts to eliminate the regime of estimated billing.

“We are determined to achieve 80 per cent connectivity milestone by 2019; our commitment to modern metering is critical and total,” he said.

Gidado said that JEDC meters had been tested, certified and certificated by the Nigeria Electricity Management Services Agency (NEMSA), warning that the outfit would not entertain any attempt to subvert effort toward quality service.

He advised members of the public to report any dubious acts by their neighbours or friends, saying that keeping quiet over such evil would hurt everyone in the long run. (NAN)



Kazuo Ishiguro wins 2017 Nobel Prize for Literature

Japanese-born Kazuo Ishiguro has won the Nobel Prize for Literature for uncovering "the abyss beneath our illusory sense of connection with the world," the Swedish Academy said on Thursday on awarding the 9 million crown ($1.1 million) prize.

The award marks a return to a more mainstream interpretation of literature after the 2016 prize went to American singer-songwriter Bob Dylan.

The prize is named after dynamite inventor Alfred Nobel and has been awarded since 1901 for achievements in science, literature and peace in accordance with his will.

Ishiguro, "in novels of great emotional force, has uncovered the abyss beneath our illusory sense of connection with the world," the Academy wrote.

Late UK PM Heath had questions to answer over child sex abuse claims: police

LONDON, Oct 5 (Reuters) - Edward Heath, British prime minister from 1970 to 1974, would have been questioned about claims he sexually abused boys if he were alive today, police said after a two-year investigation into the allegations.

Heath, who died 12 years ago, would have been interviewed under caution over seven allegations including raping an 11-year-old boy and indcently assaulting men and other boys, one aged 10.

The alleged incidents occurred from 1956 to 1992 while he was a Member of Parliament but not prime minister, said Wiltshire Police, the force in western England which headed the national investigation named Operation Conifer.

Supporters of Heath, who never married, have said the investigation was an expensive, flawed witch-hunt.

"In the case of seven individual disclosures, if Sir Edward Heath had been alive today, it has been concluded he would have been interviewed under caution in order to obtain his account in relation to the allegations made against him," Wiltshire Police said in a statement.

"No inference of guilt should be drawn by the decision to interview under caution. The account from Sir Edward Heath would have been as important as other evidence gathered as part of the investigation."

In total, 40 individuals came forward with accusations against the former British leader. Of these, evidence undermining the claims were found in 19 cases and three accusers later concluded they were mistaken in naming Heath.

In 10 other cases, the claims were made by a third party while three were made anonymously, so police said no findings had been concluded in these incidents.

Heath became prime minister in 1970 and most notably negotiated Britain's entry into the European Economic Community which later became the EU. He was ousted from Downing Street in 1974 when he lost two elections after a miners' strike helped bring down the government.

He then lost the leadership of the Conservative Party to Margaret Thatcher in 1975, whom he never forgave and repeatedly criticised in what detractors described as "the longest sulk in history". He remained a lawmaker until 2001 and died in 2005 aged 89.

An artillery officer in World War Two, he was very private and was widely regarded as an awkward, prickly man with little gift for small talk.

He was passionate about music and also shone as a yachtsman, owning five racing yachts named Morning Cloud, and once winning the Sydney to Hobart race.

He even took part in competitions while prime minister, skippering the British team to victory in the 1971 Admiral's Cup, a five-day yacht race off southern England and Ireland.

"TELLS US NOTHING"

Heath's godson, artist Lincoln Seligman who knew the former Conservative leader for 50 years, said the police investigation had cast a stain over a man who could not defend himself.

"If allegations are out there he might easily have been called in for questioning," he told BBC radio. "But ... that´s a very low bar and in the case of a dead man it's practically no bar at all. So yes they had to question him but that tells us nothing."

Britain has been rocked by a series of child abuse scandals in recent years with the most notable involving the late TV and radio presenter Jimmy Savile.

A five-year public inquiry is now looking into whether powerful figures in politics, churches, or local government helped cover up abuse, but other investigations into historical claims have been damned.

A scathing report last November said police were guilty of serious failings in a major inquiry into alleged child sex abuse by high-profile figures based on claims from a man known only by the pseudonym of "Nick".

These claims were later rejected by detectives, leading to personal apologies from London's police chief to those involved: ex-lawmaker Harvey Proctor, former army chief Edwin Bramall and the widow of Leon Brittan, a former minister in Thatcher´s government who died without knowing he had been cleared.

"As a result of the Jimmy Savile affair, the pendulum has swung so far the other way, in that there´s now an order out there that victims should be believed, that seems to undermine any investigation," Seligman said.

"So in (Heath's) case ... a proper investigation should've taken place and that's not what happened."

Wednesday, 4 October 2017

Google launches Mini Home, Pixelbook and PixelPhones

Alphabet Inc’s Google (GOOGL.O) on Wednesday launched a range of products, including an upgraded Chromebook named Pixelbook, Google Home Mini and second generation of Pixel smartphones.

Pixelbook, priced at $999, is the first laptop powered by Google Assistant and will support Snap Inc’s (SNAP.N) Snapchat, the company said. It would be available in stores from Oct. 31

Google Home Mini would be priced at $49 in the United States and would rival Amazon.com Inc’s (AMZN.O) Echo Dot. ( Reuters, 4 Oct.)

Tillerson denies considered resigning from Trump admin

Secretary of State Rex Tillerson firmly denied Wednesday he had considered resigning from Donald Trump's cabinet and refused to comment on claims he had once called the president a "moron."

Washington's top diplomat held a news conference to respond to a report that he had used insulting language about Trump at a Pentagon meeting in July and that Vice President Mike Pence had persuaded him not to quit.

"There's never been a consideration in my mind to leave," the former oil executive said, from a podium in the Treaty Room of the State Department.

"I serve at the appointment of the president and I am here for as long as the president feels I can be useful to achieving his objectives."

Tillerson refused to directly address the most damaging allegation in Wedndesday's detailed NBC News report -- that he had called Trump a "moron" in front of senior officials at a July 20 meeting at the Department of Defense.

Instead, he alleged that unidentified others were spreading malicious rumors to tear down the president's agenda.

"I do not and I will not operate that way," he said, expressing support for the president's foreign policy goals and listing what he sees as the administration's achievements.

He praised his cabinet colleagues and promised: "There's much to be done and we're just getting started."

Shortly after Tillerson's statement, Trump tweeted: "The @NBCNews story has just been totally refuted by Sec. Tillerson and @VP Pence. It is #FakeNews. They should issue an apology to AMERICA!"

AFP

Putin says Trump is listening to Russia's views on North Korea crisis

President Vladimir Putin said on Wednesday that U.S. President Donald Trump was listening to Russia’s views on the North Korean missile crisis which emphasize diplomacy over further sanctions or military action.

Putin, speaking at an energy forum in Moscow, called for all sides to dial down the rhetoric on North Korea.  (Reuters)

EU takes Ireland to court for not claiming Apple tax windfall

BRUSSELS, Oct 4 (Reuters) - The European Commission said on Wednesday it was taking Ireland to the European Court of Justice for its failure to recover up to 13 billion euros ($15.3 billion) of tax due from Apple Inc (AAPL.O), a move labeled as “regrettable” by Dublin.

The Commission ordered the U.S. tech giant in August 2016 to pay the unpaid taxes as it ruled the firm had received illegal state aid, one of a number of deals the EU has targeted between multinationals and usually smaller EU states.

“More than one year after the Commission adopted this decision, Ireland has still not recovered the money,” EU Competition Commissioner Margrethe Vestager said, adding that Dublin had not even sought a portion of the sum.

“We of course understand that recovery in certain cases may be more complex than in others, and we are always ready to assist. But member states need to make sufficient progress to restore competition,” she added.

The Commission said the deadline for Ireland to implement its decision had been Jan. 3 this year and that, until the aid was recovered, the company continued to benefit from an illegal advantage. Apple is appealing the case.

Vestager, who was also announcing a demand for Amazon (AMZN.O) to pay about 250 million euros in taxes to Luxembourg, declined to comment on possible penalties on Ireland if it were not to comply with an eventual ECJ ruling against it.

Ireland’s finance ministry said it had never accepted the Commission’s analysis in the Apple state aid decision, but was committed to collecting the money due pending Dublin’s own appeal of the ruling.

Ireland, it said, had been in constant contact with the Commission and Apple for more than a year and was close to setting up an escrow account. This would include the hiring of at least one investment manager to handle the fund.

“It is extremely regrettable that the Commission has taken this action, especially in relation to a case with such a large scale recovery amount,” the ministry said in a statement.

Vestager told a news conference that in other cases of illegal tax advantages, such as Fiat (FCHA.MI) in Luxembourg, Starbucks (SBUX.O) in the Netherlands and a Belgian scheme for 35 companies, the money was recovered even before appeals were exhausted. However, the amounts involved were far smaller.

The Commission said that Ireland had made progress on calculating the exact amount due, but was only planning to conclude the work by March 2018 at the earliest.

Ireland, like the Benelux countries, faces criticism from bigger EU states that they are siphoning off tax revenues and the bloc’s governments are negotiating reforms

($1 = 0.8507 euros)