Joao Teixeira to join Porto from Liverpool with Reds receiving just £240k

first_img Joao Carlos Teixeira 1 Joao Carlos Teixeira is to leave Liverpool this summer to join Porto, the Premier League club confirmed.The 23-year-old’s contract at Anfield expires at the end of the month and was offered a new deal by Jurgen Klopp.But his desire for first team football has seen him seal a return to his homeland.Teixeira originally moved to Merseyside from Sporting Lisbon in January 2012 and was handed his senior debut as a substitute in a 3-2 victory at Fulham in February 2014.But he struggled to force his way into the team under Brendan Rodgers and Klopp and made only seven appearances last season.Liverpool will receive just £240,000 in compensation from Porto for the young playmaker, who has signed a four-year contract with the Primeira Liga side.Had Teixeira moved to another English club the Merseysiders would have been able to seek a higher fee closer to his actual value at a tribunal but a transfer overseas means they receive basic training compensation.last_img read more

Arcata, NPA postpone after 3-3 tie

first_imgWhat was supposed to be one of the most hard-fought boys tennis matches of all season on the North Coast played as close as could be for two-and-a-half hours Thursday afternoon, and then the sun went down.Arcata High, the reigning tennis superpower in the Humboldt-Del Norte League and Northcoast Preparatory Academy, the lone team which has been able to push Arcata during its undefeated run over the last two seasons fought to a 3-3 tie after six rounds of singles play Thursday afternoon at …last_img read more

Fewer companies close down in April

first_img24 May 2011Fewer companies closed down in April 2011 compared to the same month last year, Statistics South Africa reported on Monday.Liquidations recorded a year-on-year decrease of 25.4%, from 358 to 267, in April 2011, Statistics SA said.The number of liquidations recorded for the three months ended April 2011 fell by 7.3% compared with the same period of 2010. This was driven by fewer voluntary liquidations, dropping from 1 037 to 962 and fewer compulsory liquidations, from 59 to 54.Statistics SA said liquidations took place when the affairs of a company or close corporation were wound up because the liabilities exceeded assets, and the matter was resolved either voluntarily or by a court order.The total number of insolvencies for the first quarter of 2011 dropped by 30.5% (from 836 to 581) compared with the first quarter of 2010, the agency said.“A year-on-year decrease of 30.6% (from 360 to 250) was estimated for March 2011.”Statistics SA said insolvency referred to an individual or partnership which was unable to pay its debt and was placed under final sequestration.Recovery phase“The Stats SA trend-lines for liquidations and insolvencies have clearly entered long-term downward trends, with the figures for insolvencies, which relate to individuals, especially steep,” said Adam Harris, a director in the insolvency and restructuring department of corporate law firm Bowman Gilfillan.He said the decline for the three months to April 2011 compared to the same period in 2010, “was of a magnitude sufficient to indicate that the economy had entered a recovery phase”.Harris said the sectors hardest hit for the first four months of 2011 were financing; insurance; real estate; business services; wholesale and retail; catering and accommodation; and community, social and personal services.Sapalast_img read more

Taxman gives waiters a break

first_img11 August 2011Waitrons can keep their hard-earned tips for themselves and don’t have to worry about the taxman, the South African Revenue Service (Sars) has confirmed.Confusion had arisen over whether tips kept by employees were taxable.This has been dispelled by a ruling made by Sars last week, according to which the transfer of tips handed over to an employer by an employee for “safekeeping” does not constitute a payment of remuneration.“The Binding Class Ruling recently issued by Sars declared that the transfer of tips (handed over to the employer by the employees for safekeeping in terms of the employer’s proposed Group Tips Policy) from the employer’s bank accounts into the employees’ bank accounts does not constitute a payment of remuneration by the employer,” Gillian Lumb, an employment law director at law firm Cliffe Dekker Hofmeyr, said this week.“Binding class rulings are intended to promote clarity on the interpretation and application of the tax laws to a class of persons who apply for a ruling in respect of a proposed transaction to which it is a party.”An employment associate at the firm, Pranisha Maharaj, said the ruling was valid for five years as of August 2010.She said the proposed Group Tips Policy sought to address the security risk of having employees take receipt of tips during their working hours.“In terms of the policy, tips are seen as gratuitous payments to which the employees have no entitlement or an expectation of receipt as a part of the performance of their duties,” Maharaj said.Sapalast_img read more

Unnao gang rape case: BJP MLA Kuldeep Singh Sengar named in CBI charge sheet

first_imgUttar Pradesh BJP MLA Kuldeep Singh Sengar was on Wednesday named as an accused in the charge sheet filed by the CBI in the Unnao gang rape case.The legislator from Bangermau in Unnao faces charges under Sections 363 ( kidnapping), 366 (abducting and inducing a girl), 376 (punishment for rape) and 506 (criminal intimidation) of the Indian Penal Code (IPC) amd also relevant sections of the stringent Protection of Children from Sexual Offences Act (POCSO Act) pertaining to sexual assault.Three FIRsImmediately after taking over the case, the CBI, in April, lodged three separate FIRs in the matter. The first pertains to the allegations of rape and kidnapping against the MLA, who is currently lodged in the Sitapur jail.The second case is related to the arrest of the minor victim’s father on April 3 by the Unnao police for illegal possession of arms. He died in judicial custody a few days later, allegedly due to injuries he suffered after being assaulted by the MLA’s brother and his aides.The third case deals with the charges of rioting and assault on the minor’s father. On July 7, the CBI named Kuldeep Sengar’s brother Atul Sengar in the charge sheet in connection with the death of the minor’s father.Also Read  The other accused in the case of death of the minor’s father are Vineet Mishra, Birendra Singh alias Bauwa, Ram Sharan Singh alias Sonu and Shashi Pratap Singh, all residents of Sarai Thok Makhi in Unnao district. They face charges of murder and criminal intimidation, among others.The FIR has invoked sections 302, 147, 148, 149, 323, 504 and 506 of the IPC.While the CBI did not name Kuldeep Sengar in the case of death of the minor’s father, it said it was investigating his role in the crime. Unnao rape case: BJP MLA’s brother charged in connection with death of victim’s fatherlast_img read more

#KicksStalker: Jayson Tatum debuts self-lacing sneakers in Celtics’ win

first_imgSports Related Videospowered by AdSparcRead Next LOOK: Joyce Pring goes public with engagement to Juancho Triviño SEA Games: Biñan football stadium stands out in preparedness, completion SEA Games: Biñan football stadium stands out in preparedness, completion View comments PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss MANILA, Philippines—As the game of basketball further evolves, so too does the shoe that comes with it.ADVERTISEMENT MOST READ TS Kammuri to enter PAR possibly a day after SEA Games opening Doncic finished with 25 points, eight rebounds, and eight assists wearing the new self-lacing sneaker.The Nike Adapt BB was the second multipurpose performance shoe to feature power lacing after the Nike HyperAdapt 1.0 released in 2016.According to Nike, a custom motor and gear train senses the foot and the shoe itself will adjust to create a snug fit.Using Nike’s FitAdapt tech, the user can now have full control of the shoe through manual touch or by using an app that can adjust both shoes.ADVERTISEMENTcenter_img With key players out, UST Tigresses still figuring out best lineup for UAAP Season 81 Don’t miss out on the latest news and information. Is Luis Manzano planning to propose to Jessy Mendiola? Private companies step in to help SEA Games hosting Boston’s Jayson Tatum debuted the first self-lacing sneaker on an NBA game when the Celtics beat the Toronto Raptors 117-108 Thursday (Manila time) at TD Garden.Tatum wore the Nike Adapt BB to the tune of 16 points and 10 rebounds in a landmark moment in sneaker history.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSWin or don’t eat: the Philippines’ poverty-driven, world-beating pool starsDallas’s rookie sensation Luka Doncic also wore the sneakers in the Mavericks’ 105-101 loss to the San Antonio Spurs.READ: #KicksStalker: Nike unveils next-generation self-lacing basketball shoes LOOK: Joyce Pring goes public with engagement to Juancho Triviño SEA Games hosting troubles anger Duterte LATEST STORIESlast_img read more