FC Bengaluru United (FCBU), a football club which was started in 2018, was amid the top four teams in the I-League second division, which is the second tier in the Indian football league system, behind Indian Super League and I-League. But I-League second division last year was interrupted on March 16 due to the coronavirus outbreak. And that played a spoilsport to FC Bengaluru United's plan to win the I-League second division. "We wanted to climb up the ladder. We were doing well just before COVID-19. We were the top five teams to be in the playoffs (in I-League second division). But the pandemic slowed things down. Any stoppage for athletes impacts their game, it slows down the momentum. From a mental standpoint, it was tough for athletes. As a club we had challenges on how to keep the boys (players) fit," said Gaurav Manchanda, owner of FC Bengaluru United. He added that the whole team was in a bio bubble for two months in Bengaluru in a sports school and even the players … [Read more...] about FCBU owner Gaurav Manchanda shares challenges his football club faced due to COVID-19
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Personal data protection bill faces further delay despite progress in Indonesia
JAKARTA, June 27 (Jakarta Post/ANN): Deliberations on the highly anticipated Personal Data Protection (PDP) Bill in Indonesia are now expected to carry over into the next House of Representatives sitting period, several lawmakers have confirmed, even as the commission in charge pushed through a week-long rally of secret meetings to get the legislation passed by the next plenary. The House Commission I overseeing defense, foreign affairs, informatics and intelligence is currently fast-tracking the PDP bill after lawmakers and the government agreed on a sticking point that had been stalling progress since 2014. Now both sides have come to a compromise regarding the establishment of a data protection oversight agency, which would be set up to answer to the president while offering legislators leeway in determining its scope of authority. House Commission I lawmaker Rizki Natakusumah from the Democratic Party told The Jakarta Post that a presidential regulation would be used to … [Read more...] about Personal data protection bill faces further delay despite progress in Indonesia
Stalled personal data protection Bill faces further delay
Deliberations on the highly anticipated Personal Data Protection (PDP) Bill are now expected to carry over into the next House of Representatives sitting period, several lawmakers have confirmed, even as the commission in charge pushed through a week-long rally of secret meetings to get the legislation passed by the next plenary. The House Commission I overseeing defence, foreign affairs, informatics and intelligence is currently fast-tracking the PDP Bill after lawmakers and the government agreed on a sticking point that had been stalling progress since 2014. Now both sides have come to a compromise regarding the establishment of a data protection oversight agency, which would be set up to answer to the president while offering legislators leeway in determining its scope of authority. House Commission I lawmaker Rizki Natakusumah from the Democratic Party said that a presidential regulation would be used to establish the agency, but that the House would ensure that it remained … [Read more...] about Stalled personal data protection Bill faces further delay
6ixty: As cricket improvises and experiments, cricketers face unusual tests
Fans will be able to grant one-ball immunity to a batter once in an innings, in the experimental 6ixty format. This opens up a host of possibilities for sports marketing. (Image: Shutterstock) The first edition of cricket’s newest format – the 6ixty – will be played in the West Indies this August. While it is not prudent to comment on its future until the first season gets underway, there is little doubt that no recent revolution in cricket has involved changes this radical. In cricket’s early days, there were no laws regarding the size of a team. Single-wicket cricket (one person against another) used to be common in the 18th and early 19th centuries. Substantial crowds gathered to watch (and bet on) these matches, for they often featured champions like Fuller Pilch, Tom Marsden, Alfred Mynn, and Nicholas Felix. Two versus two, five versus five – or even matches between teams of unequal size – were common formats as well. Then, as the postal system developed, cricketers … [Read more...] about 6ixty: As cricket improvises and experiments, cricketers face unusual tests
Ruturaj Gaikwad faces flak for pushing groundsman trying to click selfie | Watch
Ruturaj Gaikwad was seen pushing a groundsman away while gesturing him to give him some space. (Screengrab from video) While the fifth T20 international between India and South Africa was called off after 3.3 overs due to rain on Sunday in Bengaluru, more than the action on the field, an incident off it grabbed the spotlight. A video clip recorded during the rain break showed Ruturaj Gaikwad sitting in the dugout with two groundsmen when one of them, sitting very close to the cricketer, tried to take a selfie with him. Gaikwad was then seen pushing the man away while gesturing him to give him some space before looking away. The clip went viral on social media with people calling the cricketer's behaviour towards the groundsman disrespectful. Very bad and disrespectful gesture by Ruturaj Gaikwad. Sad to see these groundsmen getting treated like this #RuturajGaikwad pic.twitter.com/jIXWvUdqIX — Arnav (@imarnav_904) June 19, 2022 "Ban him. Groundsmen are … [Read more...] about Ruturaj Gaikwad faces flak for pushing groundsman trying to click selfie | Watch
What the Business Cycle is Telling us About a Recession
If you're looking for capitulation in 2022, it's in the bond market. And that tells you that investors' confidence in the global economy is very low. Inside the stock market, it's all about defense. Defensive stocks, which include big healthcare companies and dividend-paying value stocks, have been driving the gains. An index of global defensive stocks put together by Goldman Sachs, which is heavy in healthcare giants, has climbed to more than an 18-month high relative to the MSCI AC World Index. Inside the U.S., the defensive ETF ticker DEF has been outperforming the Spider ETF SPY all last week and all year. For market watchers, this feels a whole lot like a recession trade. While investors in the capital markets are battening the hatches for a recession, money in the private markets is also drying up. The value of venture capital deals in the U.S. dropped more than 25% in the second quarter to just $1 trillion, according to Dealogic . M&A activity in the United States … [Read more...] about What the Business Cycle is Telling us About a Recession
UK to cut Heathrow charges after airline protests
Passengers queue inside the departures terminal of Terminal 2 at Heathrow Airport in London, Britain, June 27, 2022. - A + A LONDON (June 28): London's Heathrow Airport will have to lower landing fees over the next four years after Britain's aviation regulator responded to pressure from airlines over the cost of flying at the hub. Heathrow wanted to double the fee it charges airlines in order to provide a better service to customers while retaining the support of its owners, but the plan drew fury from the likes of British Airways and Virgin Atlantic who said the airport was already among the most expensive in the world. The dispute reflects the pressures in the aviation industry as it recovers from the pandemic, and more broadly the need to limit consumer price rises at a time of soaring inflation while still investing to modernise services. The Civil Aviation Authority (CAA) said on Tuesday that the average maximum price per passenger would fall to £26.31 … [Read more...] about UK to cut Heathrow charges after airline protests
Cash-starved Sri Lanka to end fuel duopoly to ease shortages
COLOMBO (Reuters) -Sri Lanka will allow companies from oil-producing countries to import and sell fuel, the power and energy minister said on Tuesday, ending a duopoly as it tries to overcome a shortage of petrol and diesel that is exacerbating an economic crisis. The Cabinet decision came as the minister, Kanchana Wijesekera, headed to Qatar and a ministerial colleague was due to arrive in Russia on Sunday for talks on energy deals. Sri Lanka is suffering its worst economic crisis since its independence, with foreign exchange reserves at a record low of $1.92 billion, according to the Central Bank, though analysts estimate a lower level of useable funds. The island of 22 million people is struggling to pay for essential imports of food, medicine and, most critically, fuel. The government closed urban schools for about two weeks from Tuesday and allowed fuel supplies only to services deemed essential like health, trains and buses as stocks would only last only a week or so … [Read more...] about Cash-starved Sri Lanka to end fuel duopoly to ease shortages
G7 launches Climate Club in attempt to avoid green trade wars
- A + A BERLIN/BRUSSELS (June 28): Leaders of the world's most advanced economies have agreed to start a Climate Club in which members agree on joint rules and standards in the fight against global warming with the hope that it will avoid spats over green tariffs. The Group of Seven (G7) nations reached a deal on the issue at a three-day summit in Bavaria, Germany that ended on Tuesday. It is a significant achievement for German Chancellor Olaf Scholz, who has made better coordination on climate protection measures a key theme of his G7 presidency. "We note with concern that currently neither global climate ambition nor implementation is sufficient to achieve the goals of the Paris Agreement," the final G7 leaders said in a statement. The Climate Club will address that by "accelerating climate action and increasing ambition, with a particular focus on the industry sector". Scholz has argued that the Climate Club would help eliminate a chaotic patchwork of national … [Read more...] about G7 launches Climate Club in attempt to avoid green trade wars
Polestar IPO’s meh greeting a troubling signal for EV makers
- A + A NEW YORK (June 28): The lukewarm reception for Polestar Automotive Holding, the latest electric-vehicle (EV) company to go public in the US, is sending an ominous message to other start-ups: The purge is not over. Yes, the auto industry is due for a transformation as oil prices soar and the need for cleaner transportation becomes increasingly apparent. But, runaway inflation and a looming economic downturn are making investors leery of speculative investments, which include EV makers despite the allure of the coming revolution. Polestar's tepid welcome — the stock jumped 16% on its first day of trading on Friday and then dropped 15% on Monday — is the latest evidence of that scepticism. The Swedish electric-car maker went public after merging with blank-cheque company Gores Guggenheim Inc. The company's market valuation stood at about US$24 billion as of Monday's close. "EV stocks benefitted greatly from the abundance of liquidity that had been sloshing … [Read more...] about Polestar IPO’s meh greeting a troubling signal for EV makers