15, October 2016
Bank of England warns that wife will be difficult for Britain’s most vulnerable 0
The Bank of England has warned that life will turn difficult for Britain’s most vulnerable, as inflation is expected to rise due to a slump in the pound following the vote to exit the European Union. Mark Carney, the Governor of the Bank of England, said Friday that inflation was likely to surpass the bank’s official two-percent target over the coming years. Carney said that the bank was “willing to tolerate a bit of an overshoot” to avoid unnecessary employment. He added it was not the bank’s responsibility to make decisions based on uneven social impacts of higher prices. “We care a lot about distribution but we are not a political entity,” he said, according to The Independent. Carney said that around 500,000 jobs could have been at risk if the bank had not cut interest rates in August.
The pound sterling has fallen by about 18 percent since Britain’s vote to exit the EU (Brexit) in June, the lowest level in 168 years. The Bank of England has signaled it may cut interest rates again later this year. The British currency has fallen as foreign investors wait for signs of the UK’s new trading agreements with the rest of the world. Food and Drink Federation Director General Ian Wright says the cost of importing goods is rising, and businesses will have to pass these costs on to consumers or risk losses.
“If these price hikes persist, there are pretty undesirable possible outcomes: retailers put up prices, manufacturers and or retailers take the hit, or consumers lose choice,” Wright told The Times. The Bank of England’s forecast in August show inflation hitting two percent in the third quarter of 2017 and rising to 2.4 percent in the second half of 2018. Some economists predict prices will rise even more rapidly. Some expect inflation will hit three percent by the end of next year as imports of food and fuel become more expensive.
Presstv
15, October 2016
Samuel Eto’o heading for a 5th African Golden Ball Crown 0
The Confederation of African Football (CAF) has released the list of the last 30 players for the African Golden Ball 2016. The document that was made public today includes two Cameroonians, Benjamin Moukandjo of CF Lorient in France and of course the Great Samuel Eto’o, a player with Turkish club Antalyaspor.
Eto’o has been elected four times African Player of the Year (2003, 2004, 2005 and 2010). He is currently heading for a fifth African crown following his strong performance last season where he scored 20 goals in 31 appearances in the Turkish Superlig. Benjamin Moukandjo netted 13 times in Ligue 1 last season, in 31 games. Since the start of the new season, he has scored 4 goals in 8 matches with Lorient.
Algeria, Ivory Coast and Nigeria are the countries represented on the list with three players each. Yaya Toure, with four distinguished titles (2011, 2012, 2013 and 2014) did not make the last 30. Glo-CAF Awards will be awarded the January 5, 2017 in Abuja, Nigeria.
Here are the nominees:
Riyad Mahrez (Algeria & Leicester City)
Hillel Soudani El Arabi (Algeria & Dinamo Zagreb)
Islam Slimani (Algeria & Leicester City)
Samuel Eto’o (Cameroon & Antalyaspor)
Benjamin Mounkandjo (Cameroon & Lorient)
Serge Aurier (Ivory Coast & PSG)
Eric Bailly (Ivory Coast & Manchester City)
Yao Kouasi Gervais ‘Gervinho’ (Ivory Coast & Hebei Fortune)
Mohamed Salah (Egypt & Roma)
Mohamed El Neny (Egypt & Arsenal)
Pierre-Emerick Aubameyang (Gabon & Dortmund)
Andre Ayew (Ghana & West Ham)
Victor Wanyama (Kenya & Tottenham)
William Jebor (Liberia & Wydad Athletic Club)
Medhi Benatia (Morocco & Juventus)
Hakim Ziyech (Morocco & Ajax)
John Obi Mikel (Nigeria & Chelsea)
Kelechi Iheanacho (Nigeria & Manchester City)
Ahmed Musa (Nigeria & Leicester City)
Cedric Bakambu (DR Congo & Villareal)
Yannick Bolasie (DR Congo & Everton)
Sadio Mane (Senegal & Liverpool)
Kalidou koulibaly (Senegal & Napoli)
Keegan Dolly (South Africa & Mamelodi Sundowns)
Itumeleng Khune (Kaizer Chiefs & South Africa)
Mbwana Samatta (Tanzania & Genk)
Aymen Abdennour Tunisia & Valencia)
Wahbi Khazri (Tunisia & Sunderland)
Dennis Onyango (Uganda & Mamelodi Sundowns)
Khama Billiat (Zimbabwe & Mamelodi Sundowns)
By Chi Prudence Asong with files from CIN