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Samuel Tombs, a chief UK economist a

in F r e i s t i l 23.03.2019 03:24
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JOHANNESBURG Cheap Toronto Maple Leafs Jerseys , March 1 (Xinhua) -- South African city Durban is set to be the host city of 2022 Commonwealth Games as the lone contender for the quadrennial, 71-member multisport event.


The 600-page bid book will be handed to Commonwealth Games Federation officials during a brief mid-day ceremony Monday at the official residence of the London Lord Mayor.


South Africa has proposed a 12-day Commonwealth Games starting from July 18, birthday of the late president Nelson Mandela.


Canadian city Edmonton also wanted to play host to the 2022 Games, but withdrew due to financial constraints.


National government Cheap Tampa Bay Lightning Jerseys , local government and sports officials of South Africa are tight-lipped about costs, saying only that the figures will be revealed Monday.


"The 2022 Games will be affordable," South African Olympic body boss Gideon Sam told reporters before flying to London.


"About 95 percent of the infrastructure is in place."


Sam says an economic impact study predicts visitors to the Games would spend 12 billion rand (1 billion dollars).


There would also be revenue from ticket sales and shares of broadcast and sponsorship deals.


South Africa has successfully hosted the football, rugby union and cricket World Cup tournaments. Bidding for the Commonwealth event is seen as a possible dress rehearsal for a 2024 or 2028 Olympics bid.


Glasgow hosted the 2014 Commonwealth Games and the 2018 edition is scheduled for the Australian Gold Coast.


FIFA's ethics investigators said Tuesday they were seeking a lifetime ban from soccer against the body's former vice president Jeffrey Webb Cheap St. Louis Blues Jerseys , who has already pleaded guilty to a raft of corruption--related offences in US court.


Investigators at world soccer's governing body completed a probe into Webb's alleged offences last month and have submitted their findings to judges at the ethics committee's adjudicatory chamber, a FIFA statement said.


The committee recommended Webb be sanctioned with "a lifelong ban from all football-related activities," the statement added.


Webb rose to become president of the soccer confederation of North and Central America and the Caribbean (CONCACAF), and was close to FIFA's disgraced ex-boss Sepp Blatter.


The 51-year-old Cayman Islands--British citizen was among those arrested in a dawn raid at a Zurich luxury hotel in May last year by Swiss police acting on a US warrant.


In November Cheap San Jose Sharks Jerseys , he pleaded guilty in a New York court to racketeering, conspiracy, wire fraud and money-laundering. He promised to forfeit more than $6.7 million in assets and is to be formally sentenced next month.


Webb has been confined to house arrest in the US since July. FIFA lawyers have complained that he has continued to live a lavish lifestyle, funded in part by the bribes and kickbacks he got through his role at FIFA.


FIFA's US lawyers have sought a court order to demand his accounts be audited Cheap Pittsburgh Penguins Jerseys , with funds possibly frozen and returned to his victims.


During a year of unprecedented scandal at FIFA, the ethics committee has pursued multiple former high-ranking officials, notably Blatter and his one-time heir apparent Michel Platini, who have both been suspended for six years over ethics violations. Blatter was replaced as FIFA president in February by ex-UEFA secretary-general Gianni Infantino Cheap Philadelphia Flyers Jerseys , who has vowed to clean up graft.


LONDON, May 26 (Xinhua) -- Britain's gross domestic product (GDP) growth during the first quarter of this year stood at a disappointing 0.2 percent, revised down in official figures from a preliminary estimate by economists of 0.3 percent.


The Office for National Statistics (ONS) figures released Thursday reveal a weaker growth in the dominant services sector, which accounts for more than three quarters of the economy and whose growth had been driven by strong consumer spending over the past few years.


Net trade dropped 1.4 percentage points as exports fell by 1.6 percent on the previous quarter and imports rose by 2.7 percent.


But the fall in exports Cheap Ottawa Senators Jerseys , driven largely by erratic factors rather than deterioration in the underlying net trade position, may restore itself in figures for the second quarter.


Predictions in the wake of the Brexit referendum last year that businesses would hesitate to invest in Britain due to uncertainty about its future trading relations were unsupported by the statistics, which saw a 0.6 percent rise in business investment.


Samuel Tombs, a chief UK economist at Pantheon Macroeconomics Cheap New York Rangers Jerseys , told Xinhua that the revision down in GDP figures reflected "a sharper slowdown in consumer-facing sectors than previously thought".


"Sterling depreciation has had an overall negative impact on the economy's performance. Households' real spending increased by just 0.3 percent quarter-on-quarter, the smallest increase since the final quarter of 2014," said Tombs.


Sterling fell in the immediate aftermath of Britain's referendum vote to leave the European Union (EU) last June from a high of 1.48 U.S. dollars, touching a low of 1.15 dollars and now trading at 1.29 dollars Cheap New York Islanders Jerseys , a decrease of 11.95 percent in a year.


This has driven up import costs and the costs of raw materials for manufacturers, while also making Britain's exports more competitive.


The sterling fall has also been directly felt in inflation, with consumer price index rising from 0.5 percent last June to 2.7 percent in April. This is ahead of wage settlements meaning that households and consumers now have a shrinking income.


"Households also appear to have reduced their saving rate to a new record low to fund extra spending, because the 1 percent rise in spending in nominal terms exceeded the 0.6 percent rise in employees' compensation Cheap New Jersey Devils Jerseys ," said Tombs.


"As a result, households have compromised their ability to fund further increases in spending over the coming quarters, wh. Cheap Air Max Shoes Asics Shoes Clearance Cheap Asics Running Shoes Cheap Asics Shoes Cheap Asics Mens Shoes Cheap Womens Puma Sneakers Cheap Puma Classic Black Cheap Womens Puma Slippers Cheap Puma Shoes White Cheap Womens Puma Fenty

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