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U.S. economic growth scenario is improving, ABP Invest says
  + stars: | 2024-03-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. economic growth scenario is improving, ABP Invest saysThanos Papasavvas, CIO and founder at ABP Invest, on U.S. economic data, Federal Reserve comments, and what they mean for the interest rate trajectory.
Persons: Thanos Papasavvas Organizations: ABP, ABP Invest, Federal
1 Simona Halep has been cleared to return to the sport after having a backdated four-year ban reduced to nine months, the Court of Arbitration for Sport (CAS) announced Tuesday. The two-time grand slam winner was handed the ban in September 2023 after being found guilty of anti-doping rule violations by the International Tennis Federation (ITF) Independent Tribunal. Fabrice Coffrini/AFP via Getty ImagesHalep tested positive for banned substance Roxadustat at the at the 2022 US Open. Before the CAS ruling on Tuesday, the ITIA had said that Halep’s suspension would run from October 7, 2022, until October 6, 2026. “We await the full reasoned decision and will review it thoroughly in due course.”CNN’s George Ramsay and Jill Martin contributed to this report.
Persons: Simona Halep, ” Halep, , Fabrice Coffrini, Halep, Karen Moorhouse, , ” CNN’s George Ramsay, Jill Martin Organizations: CNN, Former, Sport, International Tennis Federation, ITF Independent, Getty, Doping Agency, United, United States Anti, Tennis Integrity Agency Locations: Lausanne, Switzerland, AFP, United States
CNN —As she serves a four-year doping ban, Romanian tennis star Simona Halep is now pursuing legal action against a Canadian health supplements company for damages in excess of $10 million. According to the complaint, Halep used Schinoussa supplements during the 2022 US Open tournament in New York. The International Tennis Integrity Agency (ITIA) has said Halep’s suspension is backdated and will run from October 7, 2022, until October 6, 2026. Halep said in a statement after her suspension that she had adjusted her nutritional supplements ahead of the hard-court season in 2022. “I was tested almost weekly after my initial positive test through early 2023, all of which came back negative,” Halep said.
Persons: Simona Halep, Halep, , , Laurent Gillieron, John Koveos, ” Koveos, Koveos, they’re, Halep “, ” Halep Organizations: CNN, Quantum Nutrition, Doping Agency, United, United States Anti, Nutrition, Women’s Tennis Association, Tennis Integrity Agency, Globe, CFL, NHL Locations: Romanian, New York, United States, Globe
The Enhanced Games is the brainchild of businessman Aron D’Souza. Aron D'Souza is the founder of the Enhanced Games. But that isn’t the only potential legal jeopardy the Enhanced Games faces, according to American lawyer Jim Walden, who represents Russian whistleblower Grigory Rodchenkov. “If you look at the Enhanced Games website, it’s almost as though they’re advertising their disregard of the law,” Walden told CNN Sport. If it goes ahead as planned in December 2024, D’Souza insists that the Enhanced Games will unlock the potential of humanity.
Persons: Dr, Grigory Rodchenkov, , Rodchenkov, Oscar, Aron D’Souza, , D’Souza, , Raphael Faiss, Faiss, WADA, they’re, Aron D'Souza, ” WADA, Travis Tygart, Jim Walden, ” Walden, Alex Wong, ” Rodchenkov, USADA’s Tygart, ” D’Souza, he’d, “ They’re, Ben Johnson, Johnson, Mike Powell, Pierre de Coubertin –, Ben Johnson –, Eugene, Simona Halep, – Faiss, CNN Roxadustat, Michele Verroken, ” Verroken, Verroken, Hamish Coffey, , Brett Fraser, ” Fraser, “ I’ve, I’ll, Jess Ennis, Hill, CNN D’Souza, Trevor Painter, ” Painter, John William Devine, ” Devine, don’t, Martial Saugy Organizations: CNN, Olympics, , Testing Agency, ITA, International Olympic Committee, Olympic Games, IOC, CNN Sport, Netflix, Doping Agency, Research, University of Lausanne, United, United States Anti, US Drug Enforcement Administration, FBI, Sports, Gaming Initiative, , Games, Seoul, London Games, Bettmann, Athletics Integrity Unit, National Institutes of Health, Sporting Integrity, Australian Olympic, Olympic, United States Patent, Sciences, Swansea University Locations: Paris, United States, Seoul, South Korea, Eugene , Oregon, Cayman Islands, Tokyo, Wales
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors are buying U.S. bonds despite deficit worries, strategist saysThe U.S. Treasury market will rally if there is a domestic recession, says Bryn Jones, head of fixed income at ABP Invest.
Persons: Bryn Jones Organizations: Investors, U.S . Treasury, ABP Invest
Halep said she "refused to accept their (ITIA) decision of a four-year ban" which runs until Oct. 6, 2026. "I intend to appeal this decision to The Court of Arbitration for Sport and pursue all legal remedies against the supplement company in question." The ITIA said earlier on Tuesday it came to its conclusion based on the collection and analysis of 51 blood samples provided by Halep. Halep explained that since she had tested negative three days earlier, the exposure could only have been accidental. The WTA will support the decisions reached through the process and will continue to follow this closely," it said.
Persons: Simona Halep, Serena Williams, Ben Curtis, Halep, roxadustat, Karen Moorhouse, I've, Moorhouse, Rohith Nair, William Maclean, Ken Ferris Organizations: Lawn Tennis, Croquet Club, Tennis Integrity Agency, Wimbledon, U.S, Reuters, Sport, Halep, WTA, Thomson Locations: London, Britain, U.S, Bengaluru
Halep was "shocked and disappointed" and blamed contaminated supplements, adding that she "refused to accept their (ITIA) decision of a four-year ban" which runs until Oct. 6, 2026. "I am continuing to train and do everything in my power to clear my name of these false allegations and return to the court," Halep said in a statement to Reuters. "I intend to appeal this decision to The Court of Arbitration for Sport (CAS) and pursue all legal remedies against the supplement company in question." The ITIA said earlier on Tuesday it came to its conclusion based on the collection and analysis of 51 blood samples provided by Halep. The WTA said it was important for players to be aware of the sport's Anti-Doping Programme rules.
Persons: Simona Halep, Serena Williams, Ben Curtis, ITIA, Halep, roxadustat, Karen Moorhouse, Patrick Mouratoglou, Simona, I've, Moorhouse, Novak Djokovic, Rohith Nair, Shrivathsa Sridhar, William Maclean, Ken Ferris Organizations: Lawn Tennis, Croquet Club, Tennis Integrity Agency, Wimbledon, U.S, Reuters, Sport, Halep, Tennis Players, Thomson Locations: London, Britain, U.S, Bengaluru
CNN —Two-time grand slam champion Simona Halep has been given a four-year ban for anti-doping rule violations, the International Tennis Integrity Agency (ITIA) announced on Tuesday. 1, who won the French Open in 2018 and Wimbledon in 2019, was charged with two separate breaches of the Tennis Anti-Doping Programme. The first, the ITIA said, related to Halep testing positive for banned substance roxadustat – which is listed on the 2022 World Anti-Doping Agency (WADA) Prohibited List – at the US Open last year. Halep, whose last appearance was at last year’s US Open, has been suspended since October 2022. “Today, a tribunal under the Tennis Anti-Doping Programme announced a tentative decision in my case,” she said in a statement.
Persons: Simona Halep, Halep, , , roxadustat, Patrick Mouratoglou, “ I’m, I’ve Organizations: CNN, Tennis Integrity Agency, Wimbledon, Doping Agency, United, United States Anti, Management Unit, , Tennis, Doping, Sport, CNN Sport Locations: United States
New Delhi CNN —When Indian prime minister Narendra Modi inaugurated the Group of 20 (G20) leaders’ summit on Saturday, he sat behind a country name placard that piqued the interest of many. “PM Modi uses placard Bharat for G20 inaugural address,” ran a headline in the Times of India, one of the country’s largest English-language outlets, moments after. Both India and Bharat are used officially in the nation of 1.4 billion people, which has more than 20 official languages. Bharat is also the Hindi word for India and is used interchangeably – both feature on Indian passports for example. But the use of “Bharat” on the G20 invites has raised eyebrows among opposition leaders.
Persons: Narendra Modi, Bharat, Modi, , “ Bharat, , , , ” Harnath Singh Yadav, Virender Sehwag, Bharat ”, ” Shashi Tharoor, Raghav Chadha, Jaishankar Organizations: New, New Delhi CNN, , Bharat, Group, Bharatiya Janata Party, BJP, Cricket, Developmental, INDIA, Aam Aadmi Locations: New Delhi, , India, Times of India, Britain, British, Indian, INDIA
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation drop in past 6 months was 'bigger and sharper' than we expected, research firm saysThanos Papasavvas, founder and CIO at ABP Invest, says U.S. Federal Reserve Chair Jerome Powell's comments at Jackson Hole were "very measured" and the key message of his speech is that "he did not intend to spook the markets."
Persons: Thanos Papasavvas, Jerome Powell's, Jackson Organizations: ABP Invest, Federal
Why this strategist is still backing Japanese and Chinese stocks
  + stars: | 2023-07-04 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhy this strategist is still backing Japanese and Chinese stocksThanos Papasavvas, founder of ABP Invest, shares his current asset allocation across global equities and bonds.
Persons: Thanos Papasavvas Organizations: ABP Invest
Sunak has reiterated his "total support" for the Bank of England and under fire Governor Andrew Bailey. Meanwhile, economic growth has all but stagnated and public debt has surpassed 100% of gross domestic product for the first time since March 1961. "What is perhaps surprising is that the energy shock in the U.K. was larger than in most of mainland Europe." In a recent CNBC-moderated panel at a monetary policy forum in Sintra, Portugal, Bailey noted that the U.K. labor force is unique in remaining below its pre-Covid levels. Thanos Papasavvas, founder of ABP Invest, also alluded to the unique susceptibility of the U.K. to high inflation, but said the Bank of England should have been alive to this far earlier.
Persons: Sunak, Andrew Bailey, STEFAN ROUSSEAU, Rishi Sunak, Shaan Raithatha, CNBC's, We've, they've, Raithatha, we've, Richard Flax, Panmure Gordon, Simon French, Bailey, it's, Brexit, Catherine Mann, It's, Panmure Gordon's, French, Thanos Papasavvas Organizations: Bank of England, Getty, Sunak's Conservative, The Bank of, Vanguard, CPI, CNBC, Bank, Monetary, Committee, Panmure, ABP Invest Locations: The Bank of England, U.S, Ukraine, Europe, Moscow, Sintra , Portugal, U.K, British
Romania's Halep handed additional doping charge
  + stars: | 2023-05-19 | by ( ) www.reuters.com   time to read: +1 min
May 19 (Reuters) - Former world number one Simona Halep has been charged with a second breach of doping rules, the International Tennis Integrity Agency (ITIA) said on Friday. The additional charge relates to irregularities in Romanian Halep's Athlete Biological Passport (ABP), based on an assessment of her profile by an independent ABP Expert Panel. Halep has denied knowingly taking the banned substance and said she has evidence which proves low quantities of the anti-anaemia drug entered her body because of an authorised supplement that was contaminated. Last month Halep called on tennis's anti-doping body to allow her to clear her name, questioning the long delay in her doping hearing after being denied the right to be heard by an independent court. Reporting by Angelica Medina in Mexico City; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.
May 17 (Reuters) - Kenyan athlete and 10-km road race world record holder Rhonex Kipruto has been provisionally suspended for an anti-doping violation, the Athletics Integrity Unit (AIU) said on Wednesday. Kipruto, who also won a 10,000m bronze medal in the 2019 world championships, broke the 10-km road race world record in 2020. The AIU said on Twitter that Kipruto had been suspended "for the use of a Prohibited Substance/Method (ABP)". ABP refers to the Athlete Biological Passport, which shows discrepancies that can reveal the effects of doping. Reporting by Rohith Nair in Bengaluru; Editing by Christian RadnedgeOur Standards: The Thomson Reuters Trust Principles.
April 7 (Reuters) - Steeplechase world champion Norah Jeruto has been provisionally suspended for an anti-doping violation, the Athletics Integrity Unit (AIU) said on Friday. Jeruto, formerly a Kenyan who switched allegiance to Kazakhstan, won the 3,000 metres steeplechase gold at the 2022 world championships in Eugene where she also set a championship record, which was the third-fastest of all time. The AIU said on Twitter that Jeruto had been suspended "for the use of a Prohibited Substance/Method (ABP)". Jeruto missed the Tokyo Olympics as she sat out her change of allegiance period. Reporting by Rohith Nair in Bengaluru Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.
We're not heading toward a global financial crisis: CEO
  + stars: | 2023-03-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're not heading toward a global financial crisis: CEOPolicymakers were right to shoot first and ask questions later amid recent banking volatility, Thanos Papasavvas, founder and CEO at ABP Invest, tells CNBC.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLikelihood of a 'hard recession' is about 10%, ABP Invest CIO saysThanos Papasavvas, founder and CIO at ABP Invest, discusses the outlook for the U.S. economy and shares his expectations about inflationary developments and a looming recession.
The new policy could halve the number of companies in ABP's portfolio, investment director Dominique Dijkhuis told Dutch financial daily FD in an interview published on Friday. Dijkhuis did not specify which companies would no longer be eligible for ABP, nor how long the overhaul would take. ABP said last year it would divest 15 billion euros of fossil fuel investments, which marked a major turnaround as only months before, it had said exiting fossil fuel investments would "not be the solution" to global warming. Dijkhuis said ABP would demand that companies commit to being climate neutral by 2050, and would also set progressively strict interim goals. The financial sector will not be excluded from this policy, as it will have to target loans into sustainable investments, Dijkhuis added.
Opinion polls conducted in the lead-up to the Gujarat polls projected the BJP to comfortably retain power in the state. In the last state election five years ago, the BJP won 99 seats in the 182-member assembly while Congress got 77. The BJP is expected to win between 131 to 139 seats this time, ABP-CVoter projected in November. Congress could win 31 to 39 seats while the Aam Aadmi Party could bag up to 15. According to India TV-Matrize opinion poll, also conducted in November, the BJP may win up to 119 seats.
SURAT, India, Nov 4 (Reuters) - India's Aam Aadmi Party (AAP), formed only a decade ago and having claimed power in Delhi and Punjab state, is set to be the biggest gainer in assembly elections in Prime Minister Narendra Modi's home state of Gujarat next month. AAP boss and Delhi Chief Minister Arvind Kejriwal is known to have national ambitions. "Ninety-nine per cent I am going to vote for Aam Adam Party," said diamond worker Bharat Patel. "It looks like the surge of the Aam Aadmi Party is not going down," Yashwant Deshmukh, founder of polling agency CVoter, told Reuters. With pictures of Modi, the ruling party is underlining the advantages of having a BJP government at the state and nationally.
AMSTERDAM, Oct 19 (Reuters) - The Dutch central bank (DNB) said on Wednesday it had called on pension funds in the Netherlands to review their readiness to weather a sudden spike in interest rates, following turmoil among British funds. A spokesperson for the bank confirmed a Financial Times report that said the funds had been asked to review their holdings of liquid assets. Dutch pension funds make less use of interest rate hedges than their British peers and benefit from the larger and more liquid eurozone government bond market. "When a rise in interest rates happens gradually, there is no liquidity risk" it said, though it noted that a liquidity crisis was still possible. Jan Mark van Mill, head of Treasury and Trading at fund manager APG, says his organization conducts monthly liquidity stress tests.
Procesul de evaluare externă la UTM a demarat cu o ședință online, la care au participat coordonatoarea din partea ANACEC Mihaela BALMUȘ-ANDONE și membrii Comisiei de evaluare externă a ANACEC: Lilia COVAȘ (președintă), Petru TOMIȚĂ, Adriana BUZDUGAN, Lilian BEJAN, Ana-Maria CELAN, Răzvan Liviu NISTOR, precum și reprezentanții echipei manageriale a UTM – prof. univ., dr. hab. Viorel BOSTAN, rectorul UTM; conf. univ., dr. hab. Conform programului stabilit, vizita Comisiei de evaluare externă a ANACEC se va desfășura în perioada 23-25 martie 2021.
Persons: ANDONE, Petru, Adriana BUZDUGAN, Lilian BEJAN, Ana - Maria CELAN, Răzvan Liviu NISTOR, ., Viorel BOSTAN, Serghei ANDRONIC, . hab, Larisa BUGAIAN, . Stela BALAN, Irina, Rafael CILOCI, . Rina ȚURCAN, Iuliu ȚURCAN, Marcela BOTNARU, Maria, Nicolae ȚURCANU, conf, Ina BOSTAN, Cornelia, Veaceslav, Ina GUMENIUC, Alina STRATILA, Nicolae LUCA, Svetlana BODACI, Victor PATRAȘ, Vadim PASNICENCO, ANDREI, Gherman ANGELA, Violeta COJOCARU, Ludmila MELNIC, Ion, Marian GUZIC, Ion ALBU, Liliana, Ana LEȘAN, Igor CEBOTARENCO Organizations: UTM, Asigurare, Universitatea Tehnică a Moldovei, Business, Banca, a Moldovei, Steaua
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