Advertisement Advertisement Metro Sport ReporterWednesday 15 May 2019 9:40 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.3kShares Comment Edu is a leading candidate for Arsenal’s technical director role (Picture: Getty)Former Arsenal star Edu has confirmed he’s held talks with the club over becoming their new technical director.The Brazilian is the Gunners’ first choice for the role now that Monchi has decided to return to former club Sevilla.Edu spent four years with the club between 2001-2005 and he’s currently serving as the technical director of Brazil.Arsenal will have a budget of around £40m this summer should they fail to win the Europa League and they want a structure in place behind the scenes to maximise resources.ADVERTISEMENT Emery will have a budget of around £40m should Arsenal fail to win the Europa League (Picture: Getty)Edu, though, has revealed that any talks over the role will have to wait until next season as he’s focused on Brazil this summer.AdvertisementAdvertisement‘I had a conversation with Arsenal. There’s an interest,’ said Edu.‘I was very clear: ‘I am 100% focused on the Copa America. I’m not speaking about absolutely anything because of the Copa America.‘If, by any chance, you [Arsenal] want to speak to me after the Copa, propose something after the Copa, I will make myself available so that we can talk. As for now, I am fully focused on the Copa.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalArsenal had hoped to make an appointment ahead of the transfer window but if Edu is to be the man then the club are prepared to wait.The Brazilian has experience in a director of football role with Corinthians and would oversee recruitment at the Emirates.MORE: West Brom star Chris Brunt trolled by Aston Villa substitute Jonathan Kodjia after sending off Edu confirms talks with Arsenal over technical director role but wants to focus on Brazil job
Norway’s sovereign wealth fund, which has 70% of its now NOK9.7tn (€966bn) of assets in listed equities, must get ready for big swings in the fund’s value over the next three years, its manager has warned.Norges Bank Investment Management (NBIM), which runs the Government Pension Fund Global, published a document on its strategy for 2020 to 2022, saying the new three-year plan continued in the direction that had been set by the strategy for 2017 to 2019.Noting that the fund’s value passed the $1tn (€911bn) threshold in September 2017, NBIM said: “Trends and disruptions in the global economy such as increased trade barriers, low global interest rates, changing technology paradigms and climate change will affect the fund.“We should be prepared for large fluctuations in the fund’s value,” it said. Outlining four key points on the strategic direction for the next three years, NBIM said it would complement the fund’s investments in equities and fixed income by investing in real estate and renewable energy infrastructure, and exercise its ownership role to safeguard the fund’s long-term economic interests.The organisation also said it would utilise a set of diversified investment strategies in a risk-controlled and low-cost manner, and foster a global, performance-oriented and efficient investment organisation.NBIM said it plans to increase the number of external mandates it issues to 100 from 80 currently during the next three years.But although the number of contracts is set to rise, the manager plans to maintain its current strategy of having external portfolio managers managing around 5% of the equity portfolio. NBIM said it used external portfolio managers in equity markets and segments where local specialist knowledge was particularly relevant. Around two thirds of the fund’s external specialist mandates would be in emerging markets.“Except for China, Brazil and India, we expect close to all emerging market investments to be managed by external fund managers,” it said.Last year NBIM terminated NOK20bn of externally managed, environment-related mandates. Renewable energy plansLaying out its strategy for its new investments in unlisted renewable energy infrastructure, NBIM said it planned to have around 1% of the fund invested in these assets by the end of 2022.These investments would focus on Europe and North America, it said, because these regions had tested regulatory frameworks as well as experience with private funding of infrastructure assets.The primary investment focus would be on wind and solar power generation assets, NBIM said, adding that it would home in on projects with low power price risk, stable cash flow and limited risk to the principal investment.While favouring equity investments for the new renewable energy infrastructure holdings, NBIM said it could invest elsewhere in the capital structure.“We prefer direct co-investments but will consider investing in renewable funds,” it said.The manager expects to have around 20 professionals dedicated to renewable energy infrastructure.
New Delhi, Aug 30 (PTI) Health Minister J P Nadda today asked members of Red Cross to actively participate in the social and economic programmes of the government, including its deworming initiative and Mission Indradhanush which is a special drive to vaccinate children.Observing that the prime objective of Red Cross is to bridge the gap between the governments schemes and the community, he also stressed on the need to enhance the quality of first aid training for strengthening service delivery.”I exhort volunteers of Red Cross and St John and junior and youth Red Cross members of all the states specially Bihar, Madhya Pradesh, Rajasthan and Uttar Pradesh to actively participate in this mission (Indradhanush) and contribute to making a Swasth Bharat,” Nadda said.He was speaking after presiding over the business session of the annual general meeting of the Indian Red Cross Society and St John Ambulance (India).Mission Indradhanush, depicting seven colours of the rainbow, provides vaccination for seven preventable diseases namely–diphtheria, whooping cough, tetanus, polio, tuberculosis, measles and Hepatitis B. Four new vaccinations have been added to the immunisation programme.Noting that 2.70 crore children are born every year and 90 lakh are not immunised, Nadda said one cannot talk about a healthy India without addressing this issue. He said his ministry has been able to provide total immunisation to 54 lakh children and 55 lakh mothers.”We increased our immunisation capacity by 5-7 per cent. This year, we are going to increase our capacity by reaching 65 lakh children,” he said.advertisementNadda said the India Red Cross can play a very important role in the deworming initiative of the government that aims to protect more than 24 crore children between the ages of 1-19 years from intestinal worms.He claimed by giving children one tablet a year, in 2015, around 8 crore children were administered deworming tablets while in 2016, 21 crore chidren were administered the tablets due to which dropout from schools were reduced. Next year, the target is to administer it to 40 crore children, he said.Earlier, while presiding over the ceremonial session of the AGM, President Pranab Mukherjee complimented the Red Cross for its “invaluable” work during disasters and in crisis management, especially in times of “man-made disasters”. (MORE) PTI TDS AAR ZMN AAR