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 Geplaatst: 23-10-2018 07:52:00 Onderwerp: Jamaica has passed |
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RIO DE JANEIRO Nike Air VaporMax Womens UK , Jan. 30 (Xinhua) -- Flamengo have agreed to sell highly rated striker Felipe Vizeu to Udinese, according to widespread media reports in Brazil.
The Italian club will pay 6.5 million US dollars to secure the 20-year-old on a five-year deal, the Globo newspaper said on Tuesday.
The 20-year-old will fly to Italy to sign a contract this week but is only likely to join Udinese squad in July, it added.
Vizeu, who scored four goals in eight matches for Brazil's under-20 team last year, has netted 17 times in 65 first-team appearances for Flamengo since 2016.
He will join compatriots Danilo and Samir in Udinese's first-team squad.
On China's giant Singles Day internet shopping festival, the country's delivery firms are stretched so thin that they are looking for tie-ups Nike Air VaporMax UK , listings and new investors to husband their resources.
E-commerce has been a huge boon to the logistics industry, but the ever-bigger Singles Day, run by leading online market company Alibaba Group Holding Ltd on Nov. 11 every year, exacerbates the industry's twin dilemmas of cut-throat competition and rising labor costs.
With low barriers to entry, express couriers proliferated rapidly over the past decade to more than 8,000 firms, squeezing profit margins to about 5 percent Nike Air Max 270 UK , down from 30 percent 10 years ago, according to analysts.
Singles Day, which overtook the U.S.'s Cyber Monday as the world's biggest shopping event in 2012, generated sales of $9.3 billion in 2014. Parcel deliveries are expected to rise 42 percent to 760 million this week, creating a logistical headache for the army of companies that will bring them to the customer's door.
The planning began three months ago for Shanghai-based Zhongtong (ZTO) Express, one of China's largest couriers, which saw parcel volumes jump fourfold during last year's event.
The firm Nike Air Max 98 UK , which currently employs a quarter of a million people and has 28,000 delivery vehicles, said it decided to add 40,000 temporary and permanent workers, buy an extra 7,000 vehicles and open dozens of sorting centers, at a cost of tens of millions of dollars.
"We don't treat Singles Day like business; it's our responsibility Nike Air Max 2018 UK ," said Zheng Chao, its marketing director.
It is to ease the burden and meet the cost of such investment that delivery companies are considering stock market listings and mergers and opening up to outside funding, providing investors access to a rapidly growing sector that is mostly in private hands.
"The industry's restructuring is not wholly driven by Singles Day, but Singles Day may make the competitive pressures more evident," said Yan Shujun, analyst at China Logistic Information Center.
GOING PUBLIC
ZTO's Zheng said his company was targeting a 2017 listing.
"Express delivery firms are very asset-heavy. Going public can offer additional development funds and capital," he said.
"There are a couple of companies that are hoping to list as soon as possible Nike Air Max 97 Ultra 17 UK ," he added.
Rival Shentong Express said in September it would merge its assets with that of another large courier, Tiantian Express. It is also pursuing a back-door listing through a Shenzhen valve-maker, it told Reuters last month.
Despite the huge number of firms and double-digit annual growth in the sector, there have been few capital market deals and most companies are still run by their founders, who often started with small fleets of trucks or motorcycles.
The industry generated $33 billion in revenue last year, but there have been just 27 deals worth a total of $279 million between 2008 and 2014, according to data from Deloitte.
But that appears to be changing.
"When the competitive pressures grow Nike Air Max 97 Off White UK , there will be more willingness for leading express companies to move faster on the capital markets side," said Zhang Tianbing, partner for strategy and operations at Deloitte.
The Chinese government has also thrown its support behind consolidation, saying last month that it would help the industry become more internationally competitive, improve domestic logistic infrastructure and safety standards.
"In the past, the logistics firms competed on who could grab more volume, who could absorb goods Nike Air Max 97 Gold UK ," said Zheng. "Now logistics firms are growing at a pace faster than the e-commerce firms ... Small companies have no hope of surviving."
KINGSTON, May 8 (Xinhua) -- Jamaica's economic program was on the right track despite social challenges, an International Monetary Fund (IMF) official said Thursday.
During a meeting with Jamaican Prime Minister Portia Simpson-Miller, IMF Western Hemisphere Director Alejandro Warner praised the island nation's efforts under an agreement between the two sides.
Jamaica and the IMF signed an agreement last year under which a loan of 932 million U.S. dollars will be provided to the country over four years in return for the government's implementation of a raft of austerity measures, including a freeze on public sector wages, elimination of the fiscal deficit in two years, and reduction of the debt-to-GDP ratio from 140 percent to 96 percent in six years.
Jamaica has passed three IMF tests in the past 12 months Nike Air Max 97 Ultra UK , making it eligible for future tranches of the loan to be disbursed.
Simpson-Miller told the IMF director Thursday her government was fully committed to the program in the interest of Jamaica's people.
"The cabinet gives full support to the finance minister to ensure we are successful in meeting the targets set by the IMF," she said.
Warner said the program appeared to be on the right track but, as it progressed, the issue of growth and poverty alleviation should take center stage in the country's economic policy.
In response, Simpson-Miller said the government was seeking to bolster the foundation of the program by raising opportunities for growth and jobs.
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