Tag Archives: continues

The hot and dry weather continues to scorch Karachi | Instant News


Representative image of the file.

KARACHI: Pakistan’s Meteorological Department (PMD) said on Sunday that the weather in the port city is likely to remain hot and dry for the next 24 hours.

The minimum temperature in the city has been recorded at 23.5 ° C while the maximum temperature will likely remain between 37 ° C and 39 ° C today, the weather department informed.

Humidity is recorded at 38% while the wind is blowing at a speed of 9 km / h from the northwest.

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New Zealand businesses must adapt to a fragmented post-COVID global economy | Instant News


Business

The challenges for businesses in New Zealand are the best way to adapt to face this new global economy. Photo / Getty Images

As recovery from the COVID-19 pandemic continues, there are strong reasons to believe that a rejuvenated global economy will be like never before.

A liberal economic order that allowed the rapid growth of trade, investment, technology and income until the Global Financial Crisis (GFC) 2008 is showing signs of deterioration.

Many developed countries are now experiencing a revival of populist political movements. There is a growing disregard for the rule of law and a weakening of major global institutions, including the World Trade Organization.

The level playing field of the rule-based system is being challenged by the rules of the rulers. The challenges for businesses in New Zealand are the best way to adapt to face this new global economy.

The changing face of globalization

Developing countries are reshaping globalization. For example, China and Russia pursue a form of state capitalism characterized by close government-business relations. By providing subsidized financing or a dominant domestic market share, they distort their competitive advantage in world markets.

The broader context for these developments is China’s challenge to the United States’ long-held global economic leadership.

The result is a widening global divide between liberalism and statism, democracy and authoritarianism, and rules-based versus unregulated governance.

A challenge for business

For businesses, this development means a more challenging operating environment, one that is more complex, uncertain, and ambiguous. The growing fragmentation will inevitably add to the costs of business across borders, with arbitrary costs, regulations and distortions affecting the movement of resources.

More specifically, businesses need to rethink some fundamental principles.

Greater geopolitical awareness will be needed. Trade, investment and technology management decisions should give greater weight to political and regulatory considerations.

Commitment to one side of a technological, ideological, or regulatory division can mean exclusion or marginalization on the other.

The strategic focus of the business will evolve from simply cost or profit to evolutionary fitness. Businesses need to adapt to various constraints on the movement and protection of personnel, technology and knowledge.

Governments need to rethink the scale and form of support they offer their local businesses. Subsidies, protection, competition policy and industrial policy will all require reconsideration in the face of state capitalism.

Trade war risk

There are early signs near home of what this new neighborhood will be like.

Currently Australia request an investigation into China’s handling of the pandemic it is facing rates in Grape and barley. It also faces export restrictions coal, lobster, wood, Red meat and cotton to China.

Australia criticized China appeared “wolf warrior“diplomacy and shocking Chinese authorities reject A proposed takeover from the Australian Lion Milk Company by China’s Mengniu Dairy.

On the same road, New Zealand is reprimanded by China to support Taiwan’s re-acceptance to the World Health Organization’s annual global health meeting.

This experience highlights the growing interdependence between economic and political objectives and the increasing uncertainty that businesses will face.

Future plans for business

This challenge will seriously disrupt the New Zealand economy. this heavily dependent on trade and tourism and increasingly embracing Asian regional economies since the 1970s.

New Zealand has diverse historical commitments and obligations globally. This includes defense with the United States, with intelligence Five Eyes alliances, migration with the Pacific and Europe (and more recently Asia), and increasing economic prosperity with Asia.

Our largest businesses are proud of their global reach, but this may be more of a barrier than a profit.

Our leading companies – such as Fonterra, Zespri, and Lion Nathan – have all faced difficulties in China recently. Future challenges appear more complex.

New Zealand businesses need to plan for a post-COVID recovery characterized not only by more homeworkers, but also by new strategic questions that are just emerging.

There are undoubtedly other questions that need to be asked (and answered), but now is the time for businesses to start planning for the future or risk falling behind.

Peter Enderwick, Professor of International Business, Auckland University of Technology

This article is republished from The Conversation under a Creative Commons license. Read original article.

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New Zealand rugby calls on players to take a tiny slice of a bigger pie amid a $ 465 million private equity standoff | Instant News


New Zealand Rugby boss Mark Robinson on the Silver Lakes All Blacks deal. Video / Provided

What continues to separate New Zealand Rugby from the New Zealand Rugby Players Association in their respective views of the Silver Lake proposal is their assessment of the potential risk and who carries it.

Under the terms of the Silver Lake deal, NZR asked NZRPA to agree to take a smaller share of the significantly larger potential revenue.

Players currently receive 36.5 percent of NZR revenue – known as Player Pay Pool (PPP) which has averaged around $ 190 million over the past five years.

The NZR pushes that percentage down to between 30 and 32 percent, but estimates that total revenue will surge to around $ 350 million by 2025 if Silver Lake takes part and will potentially climb again to somewhere closer to $ 500 million a year later. that.

Players will get a huge windfall if they agree to a deal in its current form and Silver Lake is able to make a transformational change in their promised annual income.

Both the NZR and NZRPA agree that it is imperative that there is enough money available to keep the salaries of New Zealand’s top players competitive and for the country to continue to retain talent.

New Zealand Rugby Players Association boss, Rob Nichol.  Photos / Photosport
New Zealand Rugby Players Association boss, Rob Nichol. Photos / Photosport

But the NZRPA has a different view to the NZR on the level of risk inherent in the proposal and it is these issues that need to be resolved in the follow-up mediation discussions planned for this week.

Silver Lake has not detailed its revenue growth plans. They have made an ambitious forecast based on a broad concept that effectively boils down to making money from an offshore All Blacks fan base that is believed to be as high as 65 million.

The NZRPA is not exactly anti-Silver Lake or underestimating its ability to make money as it says it can but needs to look in more detail to have more confidence.

The player body would also like to have a better understanding of how the NZR could reduce the risk of a deal not generating as much revenue as it had anticipated.

The proposal is for NZR to sell 15 percent of its future revenue but continue to be responsible for 100 percent of the costs of running the game.

If growth is not as high as forecast, the NZR could find itself with less, not more money as it will only have an 85 percent share of future revenue but still be responsible for meeting the fixed costs of playing players and provincial guilds.

The fear is that if income growth fails, the NZR could be forced to sell more assets to save.

New Zealand Rugby chief executive, Mark Robinson.  Photos / Photosport
New Zealand Rugby chief executive, Mark Robinson. Photos / Photosport

The NZRPA can negotiate to protect professional players from the downside, by including a clause that requires NZR to fulfill its agreed obligations to PPP.

But doing so would jeopardize the funding available for other parts of the game and would ultimately be catastrophic for everyone.

The two bodies, who spent Wednesday locked in mediation talks, are actually more in tune than has been described.

They agreed on the need to inject more capital into the game and found ways to use it to help foster and maintain community play.

However, they need to find ways to mitigate potential risks in such a way that they do not force larger sales or assets or jeopardize future investment at the grassroots.

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Hamzah continues to lead the Sindh Amateur Golf | Instant News


KARACHI: The talented Hamza Shikoh continues to lead in the Sindh Amateur Golf Championship after the second round of 76 matches at Karachi Golf Club on Saturday.

Hamza, who dropped out of Turkish University due to the Covid-19 pandemic, enjoys a one-shot advantage over his older brother duo Araslan Shikoh and CAS Amateur champion Saim Shazli. He has a two-day aggregate of 147 mainly due to a fine 71 on the championship opening day of 54 holes.

Saim interpreted 73 in the second half to stay in the coveted title race with Arsalan following opening day 73 with 76.They were followed by duo Yashal Shah and Omar Shikoh Khan on 151.

Behind them are MA Mannan and Saeed Khattak at 152 followed by Saad Habib at 154. At 155 is Captain Ansar Mahmood. National Amateur Champion Omar Khalid made amends for a crushing first round 83 with 74. He was stationed alongside Captain Atif Shah at 157, 10 shots behind the leader.

In the senior category, the experienced Khurram Khan led three strokes in an incredible 73 rounds. In second place was Asad IA Khan, President of the Sindh Golf Association (SGA) at 76.He was followed by duo Azhar Abbas and Sohail K Rana at 78. Captain SV Hasan was at 79 followed by the Omar Bangash quartet, Ahmed Jamil Siddiqui, Qazi Amir Hussain and Azfar Hussain. The Championship will end on Sunday (today).

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Sale, vote buying is still continuing, said Shibli | Instant News


ISLAMABAD: Federal Minister for Information and Broadcasting Senator Shibli Faraz Friday said vote sales and buying continued unhindered adding that Prime Minister Imran Khan was committed to ending the role of money in the electoral process.

Speaking to reporters here, he said vote buying undermines democracy and moral values ​​and the government is trying to bring genuine popular representatives to parliament and that’s impossible unless money politics and vote buying are eliminated.

Shibli pointed out that the public has now realized the importance of transparency in Senate elections, as they have done before.

The opposition has no reason to defend its position by opposing the government’s efforts for transparency in elections.

The minister argued that they accepted the will but forgot that Benazir Bhutto’s signature had been placed on the Democracy Charter for an open vote in the Senate elections. He again said that money politics needed to be eliminated and candidates should be chosen based on ability. He said the Pakistan Election Commission would also be strengthened further to improve the performance of other institutions. Answering a question about the president’s reference to the Senate election through open voting, the minister said the Supreme Court was discussing legal issues and in such cases, evidence was not needed.

Shibli said the PTI’s stance was justified, based on democratic principles and Bilawal Bhutto Zardari also hinted at a trend towards open elections.

He claims the opposition is trying to confuse people by calling a vote of no confidence against the chairman of the Senate but it is a matter of internal DPR rules when a candidate will be elected as an outside senator.

The minister noted that opposition parties had agreed to amend the Constitution for an open vote in Senate elections but failed to do so despite ruling the country for ten years – five years each.

Shibli said PTI had a clear majority in Khyber Pakhtunkhwa and Punjab and would also win seats in other provinces.

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