Wednesday, January 19, 2022

Tennis: Nadal rolls into round three but warns best still to come

Rafael Nadal rumbled into the third round of the Australian Open on Wednesday and warned that the best was yet to come after a troubled year with injury. 

The Spanish legend needed five match points before decisively putting away tenacious qualifier Yannick Hanfmann to ramp up his march towards a men's record 21st Grand Slam title.

The world number five executed a 6-2, 6-3, 6-4 win over the 126th-ranked Hanfmann in 2hr 42 min under a hot sun on Rod Laver Arena.

Nadal, who had his 2021 season end in August because of a foot injury and then contracted Covid-19 in December, told reporters: "I said before the tournament things are not going to be perfect.

"But every day I spend on court, the chances to play better are higher.

"I think I am doing things well. Things that I can improve I have to improve. I want to keep going in the tournament.

"After two matches now is the moment to make a step forward," warned Nadal, who has played just 13 tournaments in the past two seasons because of injury.

His 5-0 record in 2022 is a strong start, but he is yet to face a top-60 player in the new year. 

That will change in his next match, against Russian 28th seed Karen Khachanov, who ousted 63rd-ranked Frenchman Benjamin Bonzi in straight sets last Wednesday.

Nadal, who turns 36 this year and is one of the best men's players of all time, said he had achieved more than he had ever dreamed in his tennis career.

"I was able to spend almost 20 fantastic years on the tour. When you get older, the watch never stops. You need to accept that. But it's all good with me with that."

Nadal, the only Australian Open champion in the men's draw after nine-time winner Novak Djokovic's deportation on the eve of the tournament, is vying with Djokovic and Roger Federer to reach a record 21st Slam crown.

Agence France-Presse

Monday, January 17, 2022

China cuts rates on policy loans, analysts point to more easing ahead

SHANGHAI, China - China's central bank on Monday unexpectedly cut the borrowing costs of its medium-term loans for the first time since April 2020, while some market analysts expect more policy easing this year to cushion an economic slowdown.

The People's Bank of China (PBOC) said it was lowering the interest rate on 700 billion yuan ($110.19 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions by 10 basis points to 2.85 percent from 2.95 percent in previous operations.

Thirty-four out of the 48 traders and analysts, or 70 percent of all participants, polled by Reuters last week predicted no change to the MLF rates in January, with the rest betting on a rate cut.

The world's second-largest economy has shown signs of slowing after a rapid rebound from the COVID-19 slump, with concerns about the financial health of property developers and the rapid spread of the Omicron coronavirus variant clouding the outlook.

"The PBOC's decision to ease early in January suggested that economic downward pressure intensified at end-2021 and room for improvements in the first quarter of this year is not huge," said Ken Cheung, chief Asian FX strategist at Mizuho Bank.

Cheung expects that the PBOC could deliver more easing measures this year than previously expected by market analysts.

Such expectations were also reflected in the bond market, with China's 10-year treasury futures rising to their highest level since June 2020 and the yield on China's benchmark 10-year government bonds falling more than 2 basis points in early trade.

Market analysts said the size of the rate cut and the timing were a big surprise, and they believe further monetary stimulus could follow.

"The 1Y LPR signaled that another rate cut was coming," said Carlos Casanova, senior Asia economist at Union Bancaire Privee in Hong Kong.

"However, the 10 bps cut was larger than expected, suggesting that the authorities have become more preoccupied about weakness in the economy," he said, adding he also expects an additional 100 bps reduction to banks' reserve requirement ratio (RRR) this year.

With 500 billion yuan worth of MLF loans maturing on Monday, the operation resulted in a net injection of 200 billion yuans into the banking system.

The central bank also lowered the borrowing costs of seven-day reverse repurchase agreements, or repos, by the same margin to 2.10 percent from 2.20 percent, when it offered another 100 billion yuan worth of reverse repos into the banking system.

-reuters

Sunday, January 16, 2022

NBA: Robert Williams III free throws lift Celtics over Bulls

Robert Williams III scored six of his team's final 10 points, including the game-winning free throws with 9.7 seconds remaining as the host Boston Celtics rallied past the shorthanded Chicago Bulls for a 114-112 win on Saturday night.

Chicago went up 108-101 with just over four minutes to play before Boston used an 11-4 run to tie it at 112 after a pair of Williams free throws with 31 seconds to play.

DeMar DeRozan missed a stepback jumper with 9.7 seconds left and Nikola Vucevic committed a loose ball foul on the rebound. Williams made two more free throws to make it 114-112 and Vucevic missed a 3-pointer and DeRozan misfired on an 11-footer to end the game.

Jayson Tatum had a team-high 23 points and 12 rebounds and Jaylen Brown added 19 points to lead the Celtics. Dennis Schroder added 16 points with eight assists, Al Horford had 15 with eight rebounds and Williams totaled 14 points, 13 boards and six assists.

Boston bounced back from a 111-99 loss at Philadelphia on Friday with its sixth win in nine games.

Vucevic had a game-high 27 points, DeRozan had 23 with eight rebounds and seven assists as Ayo Dosunmu added career-highs of 21 points and 10 assists for the Bulls.

Coby White added 19 points for Chicago, which suffered its third straight defeat and fourth in its last five games.

Bulls All-Star guard Zach LaVine missed the game after suffering a left knee injury in Friday's loss to the Golden State Warriors. An MRI exam on Saturday reportedly revealed no structural damage to LaVine's knee.

Chicago guard Lonzo Ball was a game-time scratch with left knee soreness. The Bulls were also without Alex Caruso (foot), Derrick Jones (bone bruise in right knee), Javonte Green (right adductor strain), Tyler Cook (ankle) and Patrick Williams (wrist).

Celtics guard Marcus Smart missed his third straight game after entering the NBA's COVID-19 health and safety protocol prior to Friday's loss at Philadelphia.

Boston led 54-49 at halftime after being up as many as 12 points early in the second quarter.

-reuters

Tuesday, January 11, 2022

Meta delays office reopening, mandates booster shots for returning workers

Facebook parent Meta Platforms has delayed its US office reopening date and mandated COVID-19 booster shots for employees returning to office, joining the growing list of companies revamping reopening plans as Omicron surges.

For employees who opt to work from office, the reopening date has been delayed to March 28 from the earlier plan of Jan. 31, the tech giant said.

All workers returning to office will have to present proof of their booster jabs, while the company closely monitors the Omicron variant situation, it said. Meta currently requires all its US employees coming to office to be vaccinated against the coronavirus.

Corporate America has doubled down on vaccination mandates and delayed back-to-office plans as the Omicron variant drives up infections to record levels across the country.

Last week, Citigroup said its US staff who have not been vaccinated against COVID-19 by Jan. 14 will be placed on unpaid leave and fired at the end of the month.

In December, the parent company of Facebook, Instagram and WhatsApp had offered an option to defer returning to office. The company said on Monday it will let employees decide by March 14 if they want to return to office or defer again. 

-reuters

Sunday, January 9, 2022

NBA: Domantas Sabonis scores career-high 42 as Pacers nip Jazz

Domantas Sabonis scored a career-high 42 points on 18-of-22 shooting and Lance Stephenson contributed 16 points and 14 assists off the bench to lead the Indiana Pacers to a 125-113 win over the Utah Jazz in Indianapolis on Saturday night.

Sabonis scored 18 points in the first quarter as the Pacers established an early lead en route to snapping a six-game losing streak.

Stephenson went 7 for 12 and pulled in six rebounds, and Indiana shot 55 percent overall. Duane Washington Jr. added 16 points and Justin Holiday had 15.

Utah lost for the second straight night, although this game had more of a sense of normalcy than its setback in Toronto on Friday, when eight regular players missed the game due to injuries and COVID-19.

Donovan Mitchell led the Jazz in this one with 36 points on 13-for-27 shooting and chipped in nine assists after missing Friday's game with a back injury. Bojan Bogdanovic and Jordan Clarkson, both of whom sat out Friday, finished with 21 and 18, respectively.

The Jazz were without Rudy Gobert and Joe Ingles, both of whom are in the NBA's health and safety protocol.

The Pacers closed out the first quarter on an 18-7 run for a 33-27 lead. Sabonis established himself early by hitting all seven attempts in that period.

Indiana built its lead to 14 before the Jazz responded with a 9-0 run. Bolstered by 56.1 percent shooting, including 52.9 percent from 3-point range, the Pacers took a 61-52 lead into halftime.

Indiana held a 70-57 lead when Mike Conley hit a pull-up jumper to ignite the Jazz. Utah fired off 12 straight points, including 3-pointers by Mitchell and Bogdanovic.

Stephenson, playing for the second time in Indiana after signing a 10-day contract, made a couple of buckets to end Utah's surge. He received a loud ovation from the home crowd after scoring 30 points on Wednesday.

The Jazz pulled within one point of the Pacers on seven different occasions in the latter part of the third quarter, but Indiana never relinquished the lead.

Utah called a timeout after Sabonis dunked for a 101-95 lead with 6:50 remaining. Mitchell then cut the lead to four, but Holiday fueled an 8-0 Pacers run for a 109-97 advantage.

Utah never got closer than six the rest of the way.

-reuters

Friday, January 7, 2022

Metaverse gets touch of reality at CES

LAS VEGAS, United States— A jacket equipped with sensors that let wearers feel hugs or even punches in virtual reality was among the innovations giving the metaverse a more realistic edge at the Consumer Electronics Show.

"What is the metaverse if you can't feel it?" asked Jose Fuertes, founder of the Spain-based startup Owo, which made the jacket. "It's just avatars."

The "metaverse"— a parallel universe where human, augmented and virtual realities are supposed to merge— was a hot theme at the annual gadget extravaganza in Las Vegas, with startups showing off computers, headsets and other gear promising to enhance time spent in virtual worlds.

Owo touts its jacket as able to immerse wearers, whether in video games or in the metaverse, letting them feel "a gunshot, the wind, someone grabbing your arm and even a hug from a loved one."

The tight-fitting jacket features bands that stick to the skin, with sensors that sync to a mobile application. Before donning a virtual reality (VR) headset, the wearer can choose the intensity of each sensation.

"Our mission is to turn the virtual into reality with a second skin; to add the sense of touch in the metaverse or video games," Fuertes said as AFP tried out the jacket.

The Owo garb— to be priced less than $450 when it hits the market late this year— brings to mind the sci-fi novel-turned-film "Ready Player One," in which people in a dystopian world live alternate lives in a virtual universe.

The science fiction future seems distant given a lack of full body suits and comfortable headsets for simulated experiences, or ubiquitous high-speed internet service to handle such rich data streams.

Nonetheless, the metaverse has become a popular topic since being endorsed by Facebook chief Mark Zuckerberg so enthusiastically that the technology company was renamed "Meta."

Sound of inevitability? 

Virtual reality has mostly been used for video games, despite its potential for experiences such as letting people visit museums, landmarks or far-off cities while sitting at home, and even for providing seats literally in the middle of feature films.

While companies such as Meta and HTC have invested heavily in virtual reality headsets, the equipment is still not light and comfortable enough to wear for long periods of time.

"I'm the biggest sort of augmented and virtual reality nerd, but I don't think we are anywhere close to anything exciting happening in the metaverse," said Paddy Cosgrave, head of Web Summit in Europe.

He expects it to take more than a decade for the metaverse to become real.

"Nothing can stop it," Touchcast chief and founder Edo Segal said of the metaverse.

Touchcast showed off a platform for collaboration between companies in virtual reality, complete with ".metaverse" addresses akin to .com web addresses. But the domains will be registered on a blockchain database, instead of on servers.

"In 1999, it was hard to believe people would buy things online," Segal said.

"Look where we are today. Humanity is moving in this direction."

Industry trackers report that sales of virtual reality gear were boosted by the pandemic as people relied on the internet for games, work, learning and socializing.

'Like a cyborg' 

Since the pandemic began restricting people's movements, Takuma Iwasa has taken to spending weekends on a VR platform where people chat and party in a virtual world with avatars as their proxies.

As the year 2020 neared its end, the young Japanese entrepreneur focused on ways someone's leg or torso movements can be mirrored by avatars and other ways of making visits to virtual worlds more realistic.

His startup Shiftall, a subsidiary of Panasonic, unveiled lightweight, high-resolution VR glasses at CES.

"In the future, some of the special suits like in 'Ready Player One' will contain every system," Takuma said.

"Currently, metaverse users need to use different products, like a cyborg."

Israeli start-up Wearable Devices is working on a bracelet that detects the electrical signals sent by the brain to the hand. The wearer can control synced objects with a mere snap of their fingers— a function that could prove useful if people use augmented reality glasses and need to select items displayed on the lenses.

But as the metaverse evolves, society will also need to be wary of dangers from online ills such as misinformation, harassment and losing touch with the real world, some experts warned.

"Counterfeit goods are going to exist in the metaverse, as well. Counterfeit identities are going to exist in the metaverse, as well," said Dan Guenther, an extended reality specialist at Accenture.

"And we've seen in many other evolutions of the internet that many times... (there) are the portions of the internet that we're uncomfortable with."

Agence France-Presse

Wednesday, January 5, 2022

'Nevermind': Judge dismisses lawsuit by man who was naked baby on Nirvana album

A federal judge in Los Angeles has dismissed a lawsuit by a man who said the grunge rock group Nirvana sexually exploited him by putting a photo of him as a naked, four-month-old baby on the cover of its classic 1991 album "Nevermind."

U.S. District Judge Fernando Olguin on Monday dismissed the lawsuit after the plaintiff Spencer Elden missed a deadline to respond to the defendants' motion to dismiss the case.

Olguin gave Elden until Jan. 13 to file an amended complaint to address alleged problems the defendants identified in his case.

A lawyer for Elden did not immediately respond to requests for comment on Tuesday.

In his lawsuit filed last August, Elden, by then aged 30, claimed he had suffered "lifelong damages" from the album cover, which depicted him swimming naked toward a dollar bill pierced with a fish hook.

Elden sought at least $150,000 in damages from each of several defendants, including Universal Music Group, Nirvana drummer and Foo Fighters frontman Dave Grohl, Nirvana bassist Krist Novoselic, and Courtney Love, the widow of Nirvana lead singer Kurt Cobain who died in 1994.

"Nevermind" is one of the best-selling albums ever, with sales topping 30 million worldwide. It features Nirvana's signature song "Smells Like Teen Spirit."

In seeking a dismissal of Elden's case, the defendants said his claim that the photo amounted to child pornography was "on its face, not serious" under the circumstances.

They cited a 1994 court ruling which said no one could seriously believe a painting by French Impressionist Pierre-Auguste Renoir of a nude woman, or an innocuous family photo of a naked child in a bathtub, violated child pornography laws.

 

The defendants also said Elden could not claim to be a victim after spending three decades "profiting from his celebrity as the self-anointed 'Nirvana Baby.'"

Elden has posed as an adult to recreate the photo, including with "Nevermind" tattooed on his chest. (Reporting by Jonathan Stempel in New York; Editing by Karishma Singh)

-reuters

KFC to launch plant-based fried 'chicken' across United States

NEW YORK - Yum Brands Inc's KFC restaurants will start selling plant-based fried "chicken" from Beyond Meat Inc across the United States on Jan. 10 for a limited time, KFC said on Tuesday.

Beyond shares rose more than 7% in after-market trading. KFC, Yum's biggest brand, had nearly 4,000 restaurants in the United States at the end of 2020, according to a regulatory filing.

KFC started testing Beyond's plant-based chicken in August 2019 in Atlanta and expanded to more areas the following year.

In February 2021, Yum and Beyond announced a global partnership to create plant-based menu items for Yum's KFC, Taco Bell and Pizza Hut over "the next several years."

Major fast-food chains have been vying for partnerships with faux meat makers as they add vegan and vegetarian menu options. Beyond rival Impossible Foods Inc is working with Burger King, a unit of Restaurant Brands International Inc.

Prices for the Beyond Fried Chicken at KFC will start at $6.99 in most places but will vary by location. (Reporting by Hilary Russ; Editing by Richard Pullin and Karishma Singh)

-reuters




Monday, January 3, 2022

Singapore economy rebounds from virus-induced recession

SINGAPORE - Singapore's economy grew 7.2 percent last year, rebounding from its worst recession since independence sparked by the coronavirus pandemic, government data showed Monday.

The city-state plunged into its worst economic performance in 2020 as businesses and international borders shut down, choking its trade and tourism economic lifeline.

Authorities initially imposed tough measures to restrict movement and gatherings but later shifted to a policy of living with the virus as the majority of residents got fully vaccinated.

Singapore has logged a total of 280,290 cases with 829 deaths as of Sunday.

The trade ministry released advance estimates Monday showing the economy expanded by 5.9 percent year-on-year in the fourth quarter to December.

This brought full-year economic growth to 7.2 percent, reversing a 5.4 contraction in 2020, the country's worst since independence in 1965.

Manufacturing, a pillar of the trade-reliant economy, surged 12.8 percent year-on-year driven by global demand for semiconductors and semiconductor equipment, the ministry said.

Construction, a driver of domestic growth, rose 18.7 percent for the full year.

Prime Minister Lee Hsien Loong however said in his New Year message that Singapore was not out of the woods yet.

"Entering the new year, the fight against COVID-19 is not over. The Omicron variant has brought new uncertainties," Lee said.

He added, however, that Singapore was in a better position to deal with the virus compared to two years ago as booster jabs have been rolled out and vaccination of children under 12 years is underway.

"We have also learnt to better manage the public health challenges while minimizing the hit on our economy," he said.

"As we brace ourselves for the impact of omicron, we can be quietly confident that we will cope with whatever lies ahead."

He added that the economy is expected to grow 3.0 to 5.0 percent this year.

Agence France-Presse

Saturday, January 1, 2022

Betty White, working actress into her 90s, dies just shy of her 100th birthday

Comedic actress Betty White, who capped a career of more than 80 years by becoming America's geriatric sweetheart after Emmy-winning roles on television sitcoms "The Golden Girls" and "The Mary Tyler Moore Show," has died less than 3 weeks shy of her 100th birthday, People magazine said on Friday, quoting her agent.

The agent, Jeff Witjas, told the magazine: "Even though Betty was about to be 100, I thought she would live forever." No cause was cited.

In a youth-driven entertainment industry where an actress over 40 faces career twilight, White was an elderly anomaly who was a star in her 60s and a pop culture phenomenon in her 80s and 90s.

Playing on her imminent likability, White was still starring in a TV sitcom, "Hot in Cleveland," at age 92 until it was canceled in late 2014.

White said her longevity was a result of good health, good fortune and loving her work.

"It's incredible that I'm still in this business and that you are still putting up with me," White said in an appearance at the 2018 Emmy Awards ceremony, where she was honored for her long career. "It's incredible that you can stay in a career this long and still have people put up with you. I wish they did that at home."

White was not afraid to mock herself and throw out a joke about her sex life or a snarky crack that one would not expect from a sweet-smiling, white-haired elderly woman. She was frequently asked if, after such a long career, there was anything she still wanted to do and the standard response was: "Robert Redford."

"Old age hasn’t diminished her," the New York Times wrote in 2013. "It has given her a second wind."

Minutes after news emerged of her death, US President Joe Biden told reporters: "That's a shame. She was a lovely lady." His wife, Jill Biden, said: "Who didn't love Betty White? We're so sad about her death.'

Betty Marion White was born on January 17, 1922, in Oak Park, Illinois, and her family moved to Los Angeles during the Great Depression, where she attended Beverly Hills High School.

A DEBUT IN THE 1930S

White started her entertainment career in radio in the late 1930s and by 1939 had made her TV debut singing on an experimental channel in Los Angeles. After serving in the American Women's Voluntary Service, which helped the US effort during World War Two, she was a regular on "Hollywood on Television," a daily 5-hour live variety show, in 1949.

A few years later she became a pioneering woman in television by co-founding a production company and serving as a co-creator, producer and star of the 1950s sitcom "Life With Elizabeth."

Through the 1960s and early '70s White was seen regularly on television, hosting coverage of the annual Tournament of Rose Parade and appearing on game shows such as "Match Game" and "Password." She married "Password" host Allen Ludden, her third and final husband, in 1963.

White reached a new level of success on "The Mary Tyler Moore Show," playing the host of a home-making television show, the snide, lusty Sue Ann Nivens, whose credo was "a woman who does a good job in the kitchen is sure to reap her rewards in other parts of the house." White won best-supporting actress Emmys for the role in 1975 and 1976.

She won another Emmy in 1986 for "The Golden Girls," a sitcom about four older women living together in Miami that featured an age demographic rarely highlighted on American television. White also was nominated for an Emmy six other times for her portrayal of the widowed Rose Nylund, a sweet, naive and ditzy Midwesterner, on the show, which ran from 1985 to 1992 and was one of the top-rated series of its time.

After a less successful sequel to "The Golden Girls" came a series of small movie parts, talk-show appearances and one-off television roles, including one that won her an Emmy for a guest appearance on "The John Larroquette Show."

By 2009 she was becoming ubiquitous with more frequent television appearances and a role in the Sandra Bullock film "The Proposal." She starred in a popular Snickers candy commercial that aired during the Super Bowl, taking a brutal hit in a mud puddle in a football game.

A young fan started a Facebook campaign to have White host "Saturday Night Live" and she ended up appearing in every sketch on the show and winning still another Emmy for it.

The Associated Press voted her entertainer of the year in 2010 and a 2011 Reuters/Ipsos poll found that White, then 89, was the most popular and trusted celebrity in America with an 86 percent favorability rating.

White's witty and brassy demeanor came in handy as host of "Betty White's Off Their Rockers," a hidden-camera show in which elderly actors pulled pranks on younger people.

"Who would ever dream that I would not only be this healthy, but still be invited to work?" White said in a 2015 interview with Oprah Winfrey. "That's the privilege ... to still have jobs to do is such a privilege."

White, who had no children, worked for animal causes. She once turned down a role in the movie "As Good as It Gets" because of a scene in which a dog was thrown in a garbage chute. (Writing by Bill Trott; Additional reporting by Jarrett Renshaw; Editing by Diane Craft and Howard Goller)

-reuters