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The French company also said Tiffany breached its agreement to operate as usual by paying out the highest possible dividend.LVMH said it could not close the deal with Tiffany because it received a letter from the French government asking the conglomerate to delay the transaction until next year, beyond the Nov. 24 contractual deadline the companies had agreed to.Tiffany did not immediately respond to a request for comment. It has disputed LVMH’s assertion that the French government intervention prevents it from closing the deal and that a material adverse effect had occurred. It also defended its ability to pay out dividends under its contract with LVMH.LVMH also said Tiffany stands to profit “far more” if the deal proceeds than as a stand-alone company. Tiffany’s top five executives are in line to receive at least $100 million in total compensation if the deal moves forward, according to the counterclaims. A US judge last week set a four-day trial on the case beginning Jan. 5.The judge said during a hearing he hoped Tiffany and LVMH could have “productive discussions to avoid the need for litigation,” referring to a potential settlement.The letter that LVMH says prevents it from completing the deal was signed by France’s foreign minister, who said his office had received an inquiry from LVMH, and that it was natural for him to respond with advice.LVMH in its counterclaim said the letter is a mandatory directive to take part in France’s efforts to defend its national interests in a trade dispute with the United States.Topics : LVMH countersued Tiffany & Co on Monday, arguing the iconic US jeweler’s financial mismanagement in the pandemic permits the French luxury goods giant to walk away from its proposed US$16 billion acquisition of the company.The move comes after Tiffany sued LVMH earlier this month, objecting to the Paris-based company’s decision not to go through with the deal they signed in November because of a French government request and the impact of the coronavirus outbreak.In its counterclaims filed in Delaware Chancery Court on Monday, LVMH said the agreement with Tiffany had no carve-out for pandemics under the definition of a so-called material adverse effect. As a result, Tiffany assumed the risk of a virus outbreak, LVMH added.
Joanne de Graaff, a professional pension fund trustee, has been forced to resign from all posts in the Dutch pensions sector after failing a ‘reliability check’ – or betrouwbaarheidsformulier – by regulator De Nederlandsche Bank (DNB). The DNB’s test was conducted during her reappointment as a member of the supervisory board at SPT, the €1.6bn occupational pension fund for dentists and dental specialists.De Graaff said she failed the check due to a “technicality”.She said mistakenly failed to mention in her CV that she had been a board member of the Pensioen Coöperatie – an initiative to provide pension funds the benefits of scale through cooperation – which went bust in 2009. Although she conceded this had been a “stupid mistake”, she stressed that there had been no evidence suggesting any wrongdoing.“After the Financial Markets Authority communications watchdog alerted me about this omission, I adjusted my CV,” De Graaff said.“However, it did not cross my mind to submit a new ‘reliability’ form, which led the DNB to conclude I was insufficiently reliable.”De Graaff – who has also served as a board member on Zoetwaren, the €1.8bn pension fund for confectioners – said she felt “hurt” by the regulator’s decision and questioned whether it had anything to do with her being “outspoken” about supervision, particularly as applied by the AFM.De Graaff started her pensions career as director of Perfetti, the pension fund of confectioner Van Melle, and continued as chair at Zoetwaren and Verf, the pension fund for the paint and ink industry, which has merged with the €19.3bn PGB.In 2011, she started her own business, HandsonPension, focusing on interim-management for pension funds.Earlier this week, the DNB announced that, over the last four years, more than 50 applicants had failed reliability checks for various positions at Dutch pension funds.These rulings included the case of Jan van Walsem, who in July 2014 claimed the watchdog forced him to step down as chairman of the €5bn pension fund for painters and decorators (Schilders) for having “the wrong attitude”.At the time, Van Walsem claimed he had not been “sufficiently obliging” with respect to the regulator’s recommendations.The DNB was unavailable for a comment.
A Sovereign Islands property at 37-39 Brittanic Cres has set a new sales record for the year.A PALATIAL Sovereign Islands mansion has been snapped up in a whopping $11 million deal, making it the highest residential sale on the Gold Coast this year.The sprawling residence at 37-39 Brittanic Cres knocks a Main Beach penthouse, which sold for $8.25 million in February, out of the top spot.The deal was inked late last week before it had a chance to hit the market.Amir Prestige Property Agents’ Ivy Wu, who handled the sale with Isaac Kim, knew the buyers and that they would be interested in the property so she approached them before it was listed. Every inch of it is opulent. It offers a life of luxury.“The owner was about to put it on the market but I had the buyers ready to buy,” she said.“They’re buyers from Sydney. It’s going to be a holiday home now but they do have a plan to move in in the future.”The residence is the epitome of opulence with soaring ceilings, feature lighting and luxury detailed finishes throughout. MORE NEWS: Coast’s best performing suburb It sold before hitting the market. Entertaining is made easy with this statement wet bar.It has six bedrooms and eight bathrooms while a ‘Gold Lounge’ cinema room, wet bar and outdoor entertainment pavilion with pool are among its highlights.Ms Wu said she had never seen the Coast’s high end luxury market so active, with many local, interstate and overseas house hunters looking to upgrade their current luxury residences.More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day ago“I have done more sales over $5 million in the last three months than the last 12 months,” she said.“I still have more buyers that I am talking with and (are) coming in the next few weeks looking for high-end properties ready to buy.”She said there wasn’t enough luxury stock in the high-end price brackets to meet demand. It certainly stands out among its neighbours. The perfect spot to cool down or relax in summer. MORE NEWS: More Coast properties selling at a profit Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:19Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:19 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenThe 6 best coastal homes that have sold01:19
The former Burkina Faso boss who has been in charge of the Super Eagles since August 2016 was recently given conditions for a new contract by NFF President Amaju Pinnick which includes living in Nigeria and getting paid in Naira rather than Dollars. This caused a division in some quarters, with some of the opinion Rohr is not being treated well by the NFF. The 66-year old German has insisted he is keen to continue with Nigeria and has rejected offers from other countries just to remain with the West African giants. “I don’t understand why the recent pronouncement by NFF President, Amaju Pinnick is creating a lot of controversies,” Dikko was quoted as saying in Guardian Nigeria. NFF vice-president, Shehu Dikko, has claimed the governing body has no issues with Nigeria coach Gernot Rohr over a new contract. Loading… “The president since January at different fora has announced this guideline during interactions with journalists. “The guidelines were there for Rohr to follow before he got his contract to coach the Super Eagles. Telling him that he will be paid in naira is the country’s financial policy. “The NFF does not in any way have issues with Rohr. In fact, the coach has done a good job with the Super Eagles by assembling young and disciplined players eager to give a good account of themselves since he took charge of the Super Eagles.” Rohr ended Nigeria’s six-year absence at the Africa Cup of Nations where they finished third at the 2019 edition in Egypt. read also:Rohr: I’m constantly in touch with Yobo He also led the Super Eagles to a sixth World Cup appearance where they finished third in Group D behind Croatia and intercontinental rivals Argentina. FacebookTwitterWhatsAppEmail分享 Promoted Content6 Stunning Bridges You’ll Want To See With Your Own EyesWho Is The Most Powerful Woman On Earth?5 Of The World’s Most Unique Theme ParksWhat Happens To Your Brain When You Play Too Much Video Games?10 Hyper-Realistic 3D Street Art By Odeith5 Of The World’s Most Unique Theme ParksThe Very Last Bitcoin Will Be Mined Around 2140. Read More6 Mysterious Things You Do Not Know About ChinaBirds Enjoy Living In A Gallery Space Created For Them8 Superfoods For Growing Hair Back And Stimulating Its Growth10 Legendary Movies To Learn History FromBest & Worst Celebrity Endorsed Games Ever Made
The Batesville Middle School boys finished 5th at the State meet on Saturday. Ean Loichinger won the boys race, followed by Benjamin Moster, 14th, Will Nuhring, 40th, Vonley Hund, 82nd, Lyle Oesterling, 86th, Aiden Geers, 111th, and Daren Smith, 184th.The Batesville Middle School girls finished 1st at the State meet on Saturday. Lily Pinckley finished 10th overall, followed by Emma Weiler, 14th, Ava Hanson, 44th, Sophie Myers, 45th, Sarah Ripperger, 53rd, Jade Day, 87th, Katie Olsen, 89th, Maria Lopez, 106th, Madelyn Pohlman, 154th, and Megan Allgeier, 197th.Ean Loichinger finished the season as an undefeated state champion!!!The boys finished the season at 76-5!!!The girls finished the season undefeated at 81-0!!!
IMCA Xtreme Motor Sports Modifieds – 1. Ryan Roath, Phoenix, Ariz., 571; 2. Ricky Thornton Jr., Chandler, Ariz., 491; 3. Tim Ward, Gilbert, Ariz., 486; 4. Brian Schultz, Casa Grande, Ariz., and Larry Hood, Bakersfield, Calif., both 358; 6. Jesse Sobbing, Glenwood, Iowa, and Chris Olexiewicz, Chandler, Ariz., both 318; 8. Jason Noll, Peoria, Ariz., 290; 9. Lance Mari, El Centro, Calif., 285; 10. Chaz Baca, Mesa, Ariz., 263; 11. Donald Robinson, Underwood, N.D., 259; 12. R.C. Whitwell, Tucson, Ariz., and Steve Streeter, Madera, Calif., both 241; 14. Zane DeVilbiss, Farmington, N.M., 238; 15. Spencer Wilson, Minot, N.D., 221; 16. Nate Warren, Phoenix, Ariz., 220; 17. Chris Elliott, Abilene, Texas, and Eric Center, Mesa, Ariz., both 218; 19. Marlyn Seidler, Underwood, N.D., 213; 20. Jesse Williamson, Coburg, Ore., 207. IMCA Eagle Motorsports RaceSaver Sprint Cars – 1. Chad Wilson, North Richland Hills, Texas, 40; 2. Jeff Day, Greenville, Texas, 39; 3. Joshua Hawkins, Whitehouse, Texas, 38; 4. John Ricketts, Burleson, Texas, 37; 5. Claud Estes III, Godley, Texas, 36; 6. Michelle Melton, Flower Mound, Texas, 33; 7. Logan Scherb, Paradise, Texas, 32; 8. Jeff Emerson, Millsap, Texas, 31; 9. Shawn Mize, Crowley, Texas, 29; 10. Colby Estes, Mansfield, Texas, 28; 11. Herbert R. Wood, Kennedale, Texas, 27; 12. Marcus Thomas, Corsicana, Texas, 26; 13. Regan Hawkins, Whitehouse, Texas, 25; 14. Shane Redline, Amarillo, Texas, 23; 15. Ryan Hall, Midlothian, Texas, 21; 16. Chase Brewer, Springtown, Texas, 19; 17. Justin Melton, Flower Mound, Texas, 17. IMCA Sunoco Stock Cars – 1. Gabe Tucker, Carbon, Texas, 188; 2. Michael Sheen, Lamesa, Texas, 184; 3. Jason Batt, Harker Heights, Texas, 174; 4. Kirk Martin, Weatherford, Texas, 164; 5. Matt Guillaume, Haslet, Texas, 163; 6. Colby Deming, Hobbs, N.M., 160; 7. Cary White, Lamesa, Texas, 127; 8. David Bissonnette, Stephenville, Texas, 125; 9. Dustin White, Lamesa, Texas, and Mart Wampler, Snyder, Texas, both 118; 11. Tristan Carman, Killeen, Texas, 111; 12. Jason Adcock, San Angelo, Texas, and Jody York, Lubbock, Texas, both 109; 14. Dennis Bissonnette, Stephenville, Texas, 104; 15. Hunter Russell, Midland, Texas, 103; 16. Tyler Muirhead, Mabank, Texas, 101; 17. Duain Pritchett, Combine, Texas, 100; 18. Travis Graves, Wolfforth, Texas, 99; 19. Michael Therwhanger, Seminole, Texas, 98; 20. Billy Wade, San Angelo, Texas, 96.IMCA Sunoco Hobby Stocks – 1. Brent Wofford, Yuma, Ariz., 203; 2. Craig Ebers, Yuma, Ariz., 200; 3. Brian Johnson, Yuma, Ariz., 191; 4. April Phillips, Abilene, Texas, 175; 5. Brandon Gaddis, Hermleigh, Texas, and Jeremy Oliver, Chilton, Texas, both 149; 7. Brock Beeter, Minot, N.D., 146; 8. Andrew Sebastian, Minot, N.D., 131; 9. Westin Abbey, Comanche, Texas, 118; 10. Garett Rawls, China Spring, Texas, 113; 11. Eric Stanton, Carlisle, Iowa, 110; 12. Mike Watkins, Hawley, Texas, 106; 13. Rodney Sparks, Hawley, Texas, 103; 14. Brad King, Parshall, N.D., 101; 15. Leonard Manos, Yuma, Ariz., 100; 16. Gerald W. Spalding Jr., Abilene, Texas, 96; 17. Trevor Hudson, Copperas Cove, Texas, 88; 18. Eddie Ledbetter, Midland, Texas, 83; 19. Jamie Herring, Killeen, Texas, 81; 20. Danny Patterson, Merkel, Texas, 79.Karl Chevrolet Northern SportMods – 1. Chris Toth, Holtville, Calif., 224; 2. Josh Wood, Yuma, Ariz., 218; 3. Timmy Reese, Yuma, Ariz., 216; 4. Nick Spainhoward, Bakersfield, Calif., 215; 5. Rick Diaz, Los Banos, Calif., 210; 6. Cody Daffern, Brawley, Calif., and James Dupre, Yuma, Ariz., both 202; 8. Schannon Mohamed, Brawley, Calif., 197; 9. Sean Callens, Brawley, Calif., 184; 10. Keith Smith, Imperial, Calif., 181; 11. Ben Kates, Tonganoxie, Kan., 157; 12. Miles Morris, Yuma, Ariz., 137; 13. Cody Brown, Chowchilla, Calif., and Ronald Pegues, Brawley, Calif., both 115; 15. Joshua Cordova, Somerton, Ariz., 111; 16. Ethan Dotson, Bakersfield, Calif., 74; 17. James Digiovanni, Morgan Hill, Calif., 67; 18. Wayne Dotson, Bakersfield, Calif., Eric Winemiller, Casa Grande, Ariz., and Marisa Odgers, Mariposa, Calif., each 62.Scoggin-Dickey Parts Center Southern SportMods – 1. Cory Williams, Slaton, Texas, 216; 2. Gabe Tucker, Carbon, Texas, and Chad Hertel, Abilene, Texas, both 185; 4. Jake Upchurch, Grand Prairie, Texas, and Mark Patterson, Abilene, Texas, both 168; 6. Justin Cass, Abilene, Texas, 154; 7. Allen Montgomery, Fort Worth, Texas, and Justin Long, Haslet, Texas, both 151; 9. Brad Shirley, Springtown, Texas, 144; 10. Justin Shaw, Sweetwater, Texas, 133; 11. Jeffrey Abbey, Comanche, Texas, 125; 12. Kyle Wisdom, Abilene, Texas, 124; 13. G.W. Egbert IV, Belton, Texas, 107; 14. David Goode Jr., Temple, Texas, 104; 15. Randy Doyle, Killeen, Texas, 101; 16. Jarrett Roberts, Temple, Texas, 100; 17. Kenneth Graves, Tahoka, Texas, 96; 18. Bradley Poor, Abilene, Texas, 94; 19. Doug Easterling, Rule, Texas, 87; 20. Chase Parson, Abilene, Texas, 86.West Coast Super Stocks – 1. Steve Nash, Pahrump, Nev., 34; 2. Dale Daffern, Las Vegas, Nev., 33; 3. Cory Little, Pahrump, Nev., 32; 4. George Bradburry, Pahrump, Nev., 31.
… New champions to be crownedBy Ras WadadaTHE long-awaited and much-maligned Season Two of the Guyana Football Federation (GFF)/Stag Elite League will eventually kick off this coming Sunday at the Demerara Cricket Club (DCC) ground albeit minus the top two teams of the inaugural season as well as two others.After over two months of tolerance, exercised by the governing body while being guided by CONCACAF and FIFA, the demands of four aggrieved clubs for arbitration to settle their grievances have been turned down.The clubs, GFC, Pele FC, runners-up Alpha United and champions Slingerz FC, have all written to the GFF signalling their withdrawals from the season two and with them go the top Elite players of the first season.The original four of Conquerors FC, GDF, Buxton United and Monedderlust FC will be joined by newcomers Victoria Kings of East Coast and from the mining town of Linden, Topp XX FC in quest of the top prize worth $6M.The runners-up will carry away $3M, 3rd placers $2M and fourth-placers $1M. In addition there will be a KO competition among the top four teams at the end of round one of the two-round League.The winners will earn $1.5M and the runners-up $700 000. Third- and fourth-placers will pocket $500 000 and $300 000 respectively.City-based teams Fruta Conquerors and the Army must be among the top three contenders, along with Topp XX, a side with rich football pedigree and success. The bottom tier will be just as exciting and evenly contested among the teams from the Eastern coastline: Kings, Buxton and Monedderlust. No doubt they will provide stern opposition and surprises for the top half.An explosion of new talent will be off-loaded with their eyes on the League’s valuable MVP award of one Honda XR 150cc, compliments of Marics Honda.The biggest prize is the coveted championship of Guyana’s top flight football and with fans being gifted a 50 percent reduction to admission, their support can be pivotal in determining the final outcome.The GFF has informed that a double-header and a march past of the teams will highlight Sunday’s opening of the season. Victoria Kings will begin their campaign against the GDF and Fruta Conquerors will confront Linden’s Topp XX in the matches set for the kick-off.Never has there been such a level playing field among the contenders where anyone of the Elite Super Six can be crowned champions. What is certain is that new champions will be crowned since the doors have been closed on the disgruntled four and the way is now clear for the ‘Beautiful Game’ to unfold.
OLYMPIAN Brenessa Thompson took the women’s 100m win at the Michael Johnson Invitational, in a wind-aided 11.15 seconds, last weekend at the Hart Track & Field Stadium.The Texas A & M students topped a list of almost 40 athletes, and defended her title in the event, which she also won last year. This performance comes one week after Thompson qualified for the upcoming IAAF World Championships women’s 200m. The 20-year-old clocked 23.08 seconds in the women’s 200m at the Jim Bush Collegiate Invitational on April 15, also winning that race.Kadecia BairdThe time was only just inside the IAAF 23.10 seconds qualifying time (QT). However, the national record-holder will have to continue striving to meet the 11.26 seconds QT for the World Championships women’s 100m.Also performing at the MJ Invitational was Guyana’s Kadecia Baird. The world junior silver medallist finished fourth in the women’s 200m, where she clocked 24.07 seconds. Baird has already qualified for the World Championships women’s 200m earlier last month.Baird also helped to lead the Texas A & M female 4x400m team to a second-place finish with a time of 3:40.76s.