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REUTERS: England fast bowler Jofra Archer has said they have not forgotten about the 'Black Lives Matter' movement after former West Indies bowler Michael Holding criticised the country's board (ECB) when players stopped taking a knee before matches. England and West Indies players took a knee before each game in their three-test series in July but the symbolic gesture was discontinued for the Pakistan series as well as the two limited overs series against Australia. The ECB had released a statement justifying their decision to stop taking a knee which was described as 'lame' by Holding, who also took issue with Australian captain Aaron Finch's statements when the visitors said they would not take a knee. "We have not forgotten, no one here has forgotten about 'Black Lives Matter'," Archer said. "I think it is a bit harsh for Michael Holding to not do some research before criticising. I'm pretty sure he doesn't know what is going on behind the scenes. "I don't think he has … [Read more...] about ‘No one has forgotten about Black Lives Matter’, Archer tells Holding

SINGAPORE: Mr Loh Boon Chye became CEO of the Singapore Exchange in July 2015. This was a time when the bourse operator was struggling with lacklustre trading volumes and declining investor confidence. Faced with the task of reviving the SGX’s fortunes, Mr Loh set out to position the exchange as a gateway to Asia and to different asset classes. Over the past five years, the SGX has been building on its multi-asset capabilities. It now offers a full range of products from equities to fixed income, currencies and commodities. Recently, SGX ventured deeper into the foreign exchange market, the largest financial market in the world. The forex market is an important growth area for SGX, which in May announced it would discontinue its 23-year-long partnership with index provider MSCI . “The overall FX market is the largest globally. It has over US$6.6 trillion of trading volume or trade value daily," said Mr Loh in a recent interview. “That said, the FX futures market is a … [Read more...] about ‘Continuing on the path of innovation’: SGX CEO Loh Boon Chye on expanding its forex footprint

You've got a minute? Here's an LFA video. It has been over a decade since Lexus introduced the Lexus LFA supercar . Sure, it wasn't a commercial success, with some units still sold in the US in the past few years. But the LFA's impact on our perception of Toyota's luxury marque was undeniable. It's also an inspiration to some of the gnarliest Lexus sports cars these days, including the LC 500 . Then again, despite production ending in 2012 with 500 units, the LFA lives on in a few examples out there – one of which was capture in a short video by Motorsport Magazine . Gallery: 2010 Lexus LFA 8 Photos Ten years down the line, how furious is the LFA on an acceleration test? The short video above showed and recorded the LFA screaming up to 9,500 RPM, and a 0-100 kilometers per hour (62 miles per hour) sprint of 4.4 seconds. We can't deny that we missed … [Read more...] about See Lexus LFA Accelerate, Scream, And Drift 10 Years After Its Birth

BERLIN: German prosecutors have dropped their investigation into journalists of the Financial Times in connection with its reporting on the corporate fraud at payments firm Wirecard that eventually led to its collapse. The Munich public prosecutors office said it has discontinued the proceedings as it has not found enough evidence to support the case. The prosecutors launched an investigation into a Financial Times journalist in February 2019, prompting the newspaper to reject any allegations against the newspaper or its journalists of market manipulation or unethical reporting. The FT said in a statement carried in its story of the investigation being dropped: “We welcome this decision. The unfounded criminal complaint should never have been made by (regulator) BaFin and should have been dropped by Munich prosecutors far sooner. Our reporters acted courageously and responsibly in the public interest throughout.” Wirecard had filed charges against the newspaper on suspicion … [Read more...] about German prosecutors drop probe into FT over Wirecard

It is very clear that foods will plateau out, other things such as safety and hygiene which received such a boost Covid will definitely peter out, says Milind Sarwate , Founder & CEO, Increate Value . We are going through an interesting phase in the FMCG sector. One side is volume growth which is pretty impressive actually and on the other side is raw material pressure. Where is it going? Logically both volume growth and margin growth will not sustain. One of them will have to give way to the other. Over the past two decades, this growth margin axis has been playing out in FMCG companies and I can see them sacrificing margins for growth in the current scenario. There are several reasons for that but I feel that once we discount the post Covid upsurge in consumption, they will have to find ways of sustaining the volume growth. So, I feel pricing by consumer companies may be more benign. Companies will give more trade push just to sustain the volumes. … [Read more...] about FMCG cos likely to sacrifice margins for growth now