S&P: Uljanik Could Cost Croatia Up to 1% of GDP

first_imgThe financially troubled shipyard Uljanik could cost the Croatian government up to 1% of its gross domestic product, according to a report by Standard & Poor’s ratings agency.“Although we believe that contingent fiscal risks are contained, some state guarantees could be activated and fall on the government’s balance sheet,” S&P said.“In particular, the resolution of the troubled Uljanik shipyard, which is currently in search of a strategic investor and could otherwise face bankruptcy, could cost the government up to 1% of GDP. The precise cost however depends on the final scenario, and the possible finalization of ships under construction.”The rating report comes only days after Croatian shipbuilder Uljanik Group revealed its intention to sell 3. Maj shipyard in an effort to raise the much-needed funds.However, the group informed that there are currently no legal procedures underway for the spin off of the shipyard, as the struggling company continues its search for much needed funds.Uljanik added that no formal steps would be made on the matter until the restructuring program for Uljanik Shipyard is adopted.The company was forced to restructure amid a downturn in the global shipbuilding industry coupled with rising competition on the Asian continent.World Maritime News Stafflast_img read more

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Purple & Bold: Lakers’ (new) Splash Bros.: JaVale McGee and Dwight Howard

first_imgEditor’s note: This is the Wednesday, Jan. 8 edition of the Purple & Bold newsletter. To receive the newsletter in your inbox, sign up here.Exhale.Good news came from the Lakers’ camp Wednesday morning, when the team sent word that an MRI revealed that Anthony Davis’ scary fall Tuesday night resulted in a gluteus maximus contusion — plenty uncomfortable, surely, but not as serious or significant as everyone who saw the play feared.Davis officially is listed as questionable for Friday’s game at Dallas — about which Kyle Goon will have more shortly. Stay tuned for that. Newsroom GuidelinesNews TipsContact UsReport an Error AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersBut know that if Davis’ injury does require he miss a game or two, or more, the Lakers are quite aware of the team effort it’ll take to fill the void he’d leave: The six-time All-Star is averaging 27.7 points and 9.5 rebounds in his first season and is the primary reason behind the Lakers’ swift rise to the top of the Western Conference.Dwight Howard thinks he and his teammates will be able to hold it down.Actually, specifically, he and JaVale McGee, because “me and JaVale got to get our 3s right!,” as Howard put it.From their perspective, the two basically have blossomed into bona fide big-man bombers. Basically. Sort of.McGee banked in a 3-pointer in the Lakers’ victory Sunday over the Detroit Pistons (his second made 3, in just three attempts, this season). And for your information, no he didn’t call “bank.” It was Sunday, after all, when brick-and-mortar banks are closed: “It was online banking,” he explained.center_img On Monday, Howard stepped up in rhythm and swished an open 26-footer from beyond the top of the arc. He’s now 2 for 4 in 3-point attempts this season — to improve to 8 for 67 (11.9 percent) for his career.McGee’s career 3-point shooting numbers are similar: 4 for 30 (13.3 percent), including Tuesday’s miss from deep.Neither player had made two 3s in a season before, which might be why coach Frank Vogel isn’t exactly insisting that they keep shooting: “Yeah, that’s not something that we want.”But, Coach, they’ve been working on their outside shot! Really!“During practice, we always have our individual workouts. We get ’em up during that time,” said Howard, who also can be seen putting up long-distance shots before and after games. “I think the last one … I demolished him. But JaVale is doing an amazing job. Tonight, he went for the 3. And, I think next game, he’s going to hit another one. I’m looking forward to that.”In fact, to hear Howard tell it, he’d rather participate in an All-Star 3-point-shooting contest than the dunk contest — which, by the way, he said he knew nothing about Tuesday night, despite reports that he could participate during the forthcoming All-Star festivities in Chicago.“They should put the bigs in the 3-point shootout,” Howard said. “We got CashApp; I’m CashApp, JaVale is Google Pay, A.D. is Venmo and LeBron is IOU.“Just kidding.”Yes, they’re amusing themselves putting up faraway shots — “More 3s I shoot, the more blocks I’ll get, I’m pretty sure that’s how it works,” McGee reasoned Sunday — but they’re also serious enough about it to get away with it. To earn it, even.“Those guys are doing the dirty work, so you got to have a little leeway sometimes to have fun with the game,” Vogel said. “They both practice them, so that’s the one thing. You’re like, ‘Don’t take a shot you don’t practice,’ but they do practice them, and you got to reward them a little bit for all their hustle and dirty work at times.”– Mirjam Swanson Editor’s note: Thanks for reading the Purple & Bold newsletter. To receive the newsletter in your inbox, sign up here.Reading the coverage‘He’s as tough as they come.’ – Locker room reaction after Anthony Davis’ scary fall in the win over New York.Walking on sunshine – Actually, make that “sunshiiiiiine.” Dwight Howard was feeling good after his contract was guaranteed Tuesday.A.D. declines Lakers’ extension offer – But don’t stress. It’s what was expected. Kyle Goon explains.Welcome to the block party – Goon also gets into why so much rejection is so good for the Lakers.Tis the season – Goon unpacks the trade rumors you want to know about.Doesn’t have to be pretty – The Lakers got it done against Detroit for their fifth straight W.Bradley scare – Plus a check-in with Svi Mykhailiuk. Money! – A La Habra man made a half-court shot at the Lakers game Sunday night to win $100,000.last_img read more

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Luke Campbell confident of upsetting Vasyl Lomachenko: ‘Every champion was once a challenger’

first_imgJoin DAZN and watch more than 100 fight nights a yearThe vacant WBC belt is also on the line at the O2 Arena, where Lomachenko is the overwhelming favorite, though Campbell insists he is ready to spring an upset.”After this fight, people will be asking other fighters why they’re taking me on,” Campbell said. “I have never wanted to take an easy route. I believe I am the best and want to be the best, so it doesn’t matter what route you take.”I have worked every day of my life since I was a young lad to do this and I am in a position to win.”We are the two best fighters in the division, so it is going to be an exciting fight. This is my time to show everybody how good I am.It’s coming #Coolhand pic.twitter.com/vx3oeA1s27— Luke Campbell MBE (@luke11campbell) July 22, 2019″It doesn’t matter what people’s opinions are because it is all about what happens in the ring.”I want to compete at the highest level and this is one of those moments where you make it or you break it, but I believe in myself. Every champion was once a challenger.”Promoter Eddie Hearn is backing Campbell, saying: “We are talking about the pound-for-pound best fighter against our greatest ever amateur and I believe Luke has the boxing IQ and ability to beat him.” But Lomachenko was amused by predictions of a loss, with Hearn having previously suggested Campbell would avenge Crolla’s loss.”I think, if you understand boxing, this is just like a joke,” Lomachenko told talkSPORT.He added to Sky Sports: “I think it’ll be a chess match, a smart, smart fight. I love smart boxing.” Luke Campbell claims he is ready to turn the tables on Vasyl Lomachenko, taking his WBA and WBO titles and sending a message to the rest of the lightweight division.The two will face off Aug. 31 in London, with Campbell the next to take on the unified champion who defeated Anthony Crolla, another Englishman, in April for his 13th win in 14 professional fights.last_img read more

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