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New Zealand Economy Slumps By 12.2 %

New Zealand Economy Slumps By 12.2 %

New Zealand fell into its deepest economic slump on record in the second quarter as its battle against the coronavirus pandemic paralysed business activity, official data showed on Thursday.

Gross domestic product contracted a seasonally adjusted 12.2% quarter-on-quarter, its sharpest quarterly contraction on record and largely in line with forecasts of a 12.8% decline from economists polled by Reuters. GDP fell 12.4% year-on-year.

The Reserve Bank of New Zealand had forecast a quarterly and annual GDP decline of 14% in its August statement.

Growth has been hit by a standstill in …

A Nation’s Declining Human Rights Record

Last week, the United States government listed Nigeria as one of the countries under its special watch for religious persecution of people.

This came about the same time six US lawmakers wrote to the federal government about the consequences of disobedience to the rule of law. The detention of a former National Security Adviser (NSA), Sambo Dasuki for over four years and the publisher of Sahara reporters, Omoyele Sowore had incensed the United States government to react to the declining human rights record of the Muhammadu Buhari government.

Although the leader of Islamic Movement of Nigeria (IMN) Sheikh Ibrahim …

Esposito Breaks 60-Year Record As Inter Go Top

Sebastiano Esposito became Inter Milan’s youngest scorer in more than 60 years on Saturday when he hit the target in a 4-0 romp against Genoa, helping his side return to the top of Serie A.

The 17-year-old put away a second-half penalty which made him the youngest Inter scorer since Mario Corso in 1958.

Romelu Lukaku scored twice with Roberto Gagliardini adding another as Inter moved level with champions Juventus at the top on 42 points.

Juve had taken top spot on Wednesday with a 2-1 win over Sampdoria before heading to Saudi Arabia where they face Lazio in the

Olympic Games Manifesto Sells For Record Of $8.8 million

A new auction world record for an item of sports memorabilia was set Wednesday when the original Olympic Games manifesto sold for $8.8 million at Sotheby’s, the auction house said.

The 14-page manuscript was written in 1892 by Pierre de Coubertin, a French aristocrat and athletics enthusiast known as the “father” of the modern Olympics.

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It achieved nearly nine times its pre-sale estimate of $1 million following 12 minutes of intense bidding at a sale in New York, Sotheby’s said in a statement.

“Today’s record result stands as …

Liverpool Look To Sign Off In Style As Vardy Hunts Record

Liverpool will seek sign off their pre-Christmas Premier League duties in style against their whipping boys Watford this weekend while Leicester attempt to stay in touch before a summit meeting later this month.

Jurgen Klopp’s men are eight points clear of their nearest pursuers as they prepare to jet out to Qatar for the Club World Cup.

Watford, with new manager Nigel Pearson at the helm, will not be relishing the trip to Anfield, where they have lost 6-1, 5-0 and 5-0 on their past three visits.

Pep Guardiola takes his stumbling Manchester City team to face Arsenal while …

Mbappe Backs Messi To Claim Record Sixth Ballon d’Or

Kylian Mbappe believes Lionel Messi will once again win the Ballon d’Or award this year and claim the prestigious honour for a record sixth time.

Mbappe, a fellow shortlist nominee for the honour, feels Messi has done enough in the last 12 months to distinguish himself from the rest of the chasing pack.

Liverpool’s Champions League-winning defender Virgil van Dijk currently stands as a marginal favourite, with Messi breathing down his neck after a solid season with Barcelona.

‘Messi. In individual terms, he was the best this year.’ said Mbappe when recently asked by German publication Der Spiegel who he …

Extreme Surfers Catch Record Waves In Portuguese Town

Big wave surfers have been flocking to a formerly sleepy Portuguese fishing town, chasing monster waves that are some of the highest ever surfed.

Earlier this month the news broke that a set of fearsome 20-metre (65-feet) waves were coming to the small town of Nazare on Portugal’s Atlantic coast.

The message spread like wildfire and soon extreme surfers and sports fans — as well as keen photographers — arrived at the town’s Praia de Norte beach.

They gathered on the roof of a red lighthouse, listening to the deafening roar and watching in awe as the waves smashed …

Ronaldo To Break The All-Time International Goals Record

Cristiano Ronaldo vowed to break the world record for men’s international goals after scoring his 99th Portugal goal in a 2-0 win over Luxembourg to clinch their place at Euro 2020.

He is 10 behind Iran legend Ali Daei’s tally of 109, after his most prolific year for Portugal with 14 goals.

“All records must be broken and I will beat that record,” he said.

Bernardo Silva’s ball over the top allowed Bruno Fernandes to fire them ahead and Ronaldo scored a late second.

Holders Portugal needed to beat Luxembourg to make sure of a place at next summer’s tournament.…

AC Milan Post Record 145.9 Mn Loss

AC Milan Post Record 145.9 Mn Loss

Italian giants AC Milan, struggling to recapture the glory days of seven European Cups and of their heyday under media magnate Silvio Berlusconi, on Monday posted a record loss of 145.9 million euros ($165 million) for 2018.

The losses, which were some 20 million above 2017, will be covered by the majority shareholder, US fund Elliott, which took over the Rossoneri last year after Chinese businessman Li Yonghong defaulted on a loan to buy the outfit.

Milan, one of Europe’s most storied clubs, have accumulated some 500 million euros of losses over the past six seasons, during which time they …

Collins Returns As Paderborn Record First Win Of Season

Collins Returns As Paderborn Record First Win Of Season

Super Eagles defender Jamilu Collins returned to the starting lineup as SC Paderborn recorded their first win in the German Bundesliga this season following a 2-0 home win against Fortuna Dusseldorf on Saturday.

Collins missed Paderborn’s 1-0 away defeat to Cologne last weekend as a result of illness.

He was however restored to the starting lineup after he regained full fitness.

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It was the left-back’s eighth league appearance of the season albeit he has scored once.

Abdelhamid Sabiri opened scoring for Paderborn three minutes before the break, while Sebastian …

Flood Disaster Record In Delta Nearly Double Of 2018 Figure

Flood Disaster Record In Delta Nearly Double Of 2018 Figure

Delta State Government has expressed worry at the increasing number of persons displaced from their homes by ravaging flood, noting that the number of such persons being sheltered in many camps set up for displaced persons by the state government has almost doubled that for the same time last year.

Secretary to the Delta State Government (SSG) and Chairman of the State Flood, Risk Alert and Management Committee, Mr. Chiedu Ebie, who stated this when he visited six camps for internally displaced persons (IDPs) in Delta South and North senatorial districts.

Ebie, however, warned of stiff penalty for camp …

Zenith Leads As 4 Banks Record ₦431bn Profit In Nine Months

Zenith Leads As 4 Banks Record ₦431bn Profit In Nine Months

Investors in the banking sector are set to reap higher returns at the end of the year as four leading banks have reported a combined profit of ₦430.94 billion in their results for the nine months ended September 30, 2019.

The banks, Zenith Bank Plc, GTBank, United Bank for Africa Plc and FBN Holdings Plc, also reported total assets of ₦19.95 trillion.

Despite the challenging operating environment, the four banks that have so far released their nine months’ results have recorded increased performance following cost optimisation measures and better risk management strategies.

An analysis of the numbers showed that Zenith …