Luis Suarez: Barcelona agree to sell striker to Atletico Madrid


Suarez was told he was not a part of new Barcelona manager Ronald Koeman’s plans going forward

Barcelona have agreed to let striker Luis Suarez join La Liga rivals Atletico Madrid.

Suarez is not wanted at Barca and the Catalans were happy to release him for free, providing he did not join certain other top clubs.

The Uruguayan agreed terms on a reduced salary with Atletico after a move to Juventus fell through because of passport issues.

Barcelona chairman Josep Maria Bartomeu then blocked the deal because he did not wish to sell to a Spanish rival.

But, after meeting with Suarez’s representatives, the Catalan club have backed down, with the striker threatening to air his grievances to the media.

Atletico will have to pay a nominal fee of no more than 4m euros for the 33-year-old, which will be based on variables such as Champions League qualification.

Suarez will earn half of the 30m euros a year he was on at Barca at Atletico.

The move ends Suarez’s six-year career with Barca, during which he scored 198 goals in 283 appearances and formed one third of a feared front three with Lionel Messi and Neymar.

He joined the club for £74m from Liverpool in 2014 and helped them win four La Liga titles, four Copa del Reys and the Champions League and Club World Cup in 2015.

It also ends one of this summer’s long-running transfer sagas, which looked likely to result in the player ending up in Turin – a move that was dashed, according to Juventus directors, because of the amount of time it would have taken to secure Suarez an Italian passport.

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U.S. threatens to sanction arms makers that sell to Iran


WASHINGTON, Sept 16 (Reuters) – The Trump administration vowed on Wednesday to impose the “full force” of U.S. sanctions on any international arms manufacturers who deal with Iran once Washington sees a United Nations arms embargo on Tehran as reimposed.

Elliott Abrams, U.S. special envoy on Iran, issued the warning in a briefing with reporters hours after Secretary of State Mike Pompeo said the United States would return to the U.N. to try to reinstate sanctions on Iran next week, despite a lack of support within the U.N. Security Council.

The Security Council resoundingly rejected a U.S. attempt on Aug. 14 to extend an international arms embargo on Iran beyond its expiration in October, but the United States is pressing ahead with its efforts based on its own legal interpretation. (Reporting By Matt Spetalnick Editing by Chris Reese)



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What lessons can we learn from the sectors that are continuing to sell?


Since the global economy has headed sharply towards recession, we would expect to see engagement levels decline but in fact, there are a number of positive signs. Surprisingly, new business levels have remained surprisingly resilient in certain sectors during the pandemic, especially within the professional services and IT and software sectors, suggesting that these firms have shown the greatest resilience to the downturn.

Professional service firms have seen strong demand for their offerings, with an eight per cent increase in proposal engagement in July. The sector also recorded month-on-month increases of 14 and 11 per cent respectively in June and May. Engagement rates in the IT and software industry have remained relatively stable, with small drops of less than one per cent in June and July. The media sector rebounded slightly with a six per cent increase in July, demonstrating that the sector is levelling out and could show signs of growth later this year.

What can we learn from their adaptability?

Aside from indicating that these sectors are going to be the ones that will rebound quickest, providing opportunities for businesses both in and outside the sector to create sales, they also provide us with clues about how to adapt to the new sales environment.

Clearly, these companies have products and services that have enabled them to stay relevant even as economic conditions deteriorate. But they also are likely to use remote sales approaches, with teams operating from client offices, so should have found the remote-sales environment easy to adapt to. These sectors also typically are clued up on sales technology, using CRM systems and top-of-funnel tactics, which can effectively be operated from anywhere. It’s worth having a read of my piece on data and metrics for more on this.

However, there are other “quick wins” that we can learn from firms in the professional services and IT sphere that don’t require significant investments in technology. Since remote-first is not new for these companies, they are adept at building trust and camaraderie, mentoring junior members and overcoming challenges without being in the same room as one another.

Regular calls should be part of any sales team’s calendar. But asking reps to submit their numbers and best leads in advance of a video conference is a way to induce friendly competition and get the best out of people. Similarly, making the use of technology to join live sales calls, in order to provide immediate feedback, is something that the IT and software industry does especially well to support remote team members.

Knowing where to look

In these tough economic times, small businesses will live and die by their ability to adapt to new conditions. Businesses within the professional services and IT and software industries, in particular, should find there are still adequate opportunities to secure new business. But these sectors have also remained resilient because of the approach to sales that many had instilled long before COVID. For companies outside of these sectors, therefore, making better use of data and employing technology to connect remote teams – all things that high performing sectors do well – will stand them in good stead.

Mark Tanner, Co-founder, Qwilr





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The Brisbane suburbs where your home is likely to sell faster


Darian and Heidi Templeman at the home they are selling in Mount Gravatt. Image: Josh Woning.


SELLERS in Brisbane’s blue-chip suburbs are in the box seat this spring as the pandemic fuels a flight to premium property.

Research from Realestate.com.au shows the suburbs with the shortest average days on market for houses and units since COVID-19 are predominantly expensive locations close to the city, but experts say a two-tier housing market is emerging.

Wilston in Brisbane’s inner north, which has a median house price of $1 million, is the city’s fastest-selling suburb, with houses typically sitting for a month on the market.

This huge home at 36 Lovedale St, Wilston, is on the market.


Houses in Geebung and Gordon Park, also on the northside, are not lasting long either — being snapped up within 37 days on average.

Units are selling the quickest in the inner-west suburb of Auchenflower, with apartments staying an average 49 days on the market, followed by Gaythorne and Moorooka.

Realestate.com.au chief economist Nerida Conisbee said the fact that most of the fastest selling suburbs in Brisbane were in premium locations was in line with the suburbs most in-demand among would-be buyers at the moment.

This contemporary home at 27 Blackwood Rd, Geebung, is for sale.


Yet Ms Conisbee said there were two types of buyers in the Queensland market right now — first-home buyers looking in regional and city outskirt suburbs and buyers with stable employment, who are flocking to quality, inner-city suburbs.

“It’s kind of unusual because we’re seeing a flight to quality but also stimulus for first-home buyers, but the (fastest selling suburbs) trend is consistent with the flight to premium suburbs, as they are perceived as low risk and high return,” Ms Conisbee said.

“These are really safe suburbs, where even if you paid a bit too much, you’d be like; ‘Oh well, it will hold its value and will probably go up’. These will give you decent capital growth over the long term.”

This character home at 149 Thistle St, Gordon Park, is on the market.


Ms Conisbee said COVID-19 was affecting housing in different ways, with some property types in certain locations doing better than others.

“Suburbs with big family homes on large blocks are faring well, but the best performers continue to be premium suburbs,” she said.

“The buyer market is still strong and well-paid professionals are supporting expensive housing, they’re probably not spending much on anything else. This seems to be leading this push in many of the blue-chip suburbs around Australia.

“Demand is often a good indicator of price growth.”

This property at 71 Abingdon St, Woolloongabba, is for sale.


When it comes to units, Ms Conisbee said those suburbs with fewer apartments seem to attract the most buyers and, therefore, sell faster than those with plenty of unit stock.

Brisbane couple Heidi and Darian Templeman are selling their house at at 30 Stellman Street in Mount Gravatt, which is one of the suburbs where houses are selling the fastest, according to Realestate.com.au.

The Templemans built their home five years ago and have decided to sell now because they have outgrown it and want to act now in case prices drop in the coming months.

“In recent months, the area has had strong sales,” Mrs Templeman said.

“For us, we want to try and capitalise on that because there is no such thing as ongoing certainty in the real estate market.”

Listing agent Ben Salm of Place – Coorparoo said he was not surprised Mount Gravatt was on the list of fastest selling suburbs because it offered value for money for buyers priced out of inner-city suburbs.

This property at 30 Stellman St, Mount Gravatt, is for sale.


“We’re getting a big mix of first-home buyers at higher price points, young families moving to the area because they see value because of the strong education belt here, and then investors looking to the area because it’s very stable and is growing in value and getting good rental returns,” Mr Salm said.

“Activity has increased significantly in the last four weeks leading into spring. It’s certainly noticable this year that inquiry from sellers looking to do something in the next six months has definitely increased.”

Mr Salm said he had noticed an increase in vendors interested in selling after sitting on their hands for several months following COVID-19.

“You’ve got a mix of people who put (selling) on hold because they were going to sell at the start of COVID-19, pple forecasting …and want to avoid a falling marekt, then pple forced to sell due ot circumstances outof their control.


Mr Salm said it was a good time to sell because there was a shortage of stock on the market and buyers were willing to pay a premium.

FASTEST SELLING SUBURBS FOR HOUSES

Ranking Suburb Average days on market

1. Wilston 33

2. Geebung 37

3. Gordon Park 38

4. Woolloongabba 39.5

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5. Keperra 43

6. Ferny Grove 45

7. Mount Gravatt 45

8. Ferny Hills 46

9. Windsor 47

10. Bald Hills 48

(Source: Realestate.com.au)

FASTEST SELLING SUBURBS FOR UNITS

Ranking Suburb Average days on market

1. Auchenflower 49

2. Gaythorne 50.5

3. Moorooka 51.5

4. Carseldine 52.5

5. Carina Heights 53

6. Toowong 56

7. New Farm 56.5

8. Mount Gravatt East 58

9. Ormiston 58

10. Wishart 60.5

(Source: Realestate.com.au)



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Italy’s Treasury signs off on decree to sell Monte dei Paschi: sources


September 7, 2020

By Giuseppe Fonte

ROME (Reuters) – Italian Economy Minister Roberto Gualtieri has signed off on a government decree listing options to sell Italy’s controlling stake in Monte dei Paschi di Siena <BMPS.MI>, two sources close to the matter told Reuters.

Rome rescued Monte dei Paschi in 2017, spending 5.4 billion euros ($6.4 billion) on a 68% stake which under the terms of the bailout negotiated with European Union competition authorities must be sold next year.

Gualtieri’s signature paves the way for final approval by Prime Minister Giuseppe Conte, the two sources said, asking not to be named because of the sensitivity of the matter.

The Italian Treasury declined to comment.

Although Italy’s co-ruling 5-Star Movement wants the state to delay its exit from Monte dei Paschi, sources have told Reuters the Treasury is working to find a buyer by the end of the year.

The goal is to combine a merger with a complex scheme to free the bank of its remaining problem loans, sources said.

While Banco BPM <BAMI.MI> is seen by the Treasury as a good partner, the Milan-based bank has repeatedly denied any interest in a tie-up with Monte dei Paschi.

The decree, obtained by Reuters, authorises the Treasury to help Monte dei Paschi shed 8.1 billion euros in problem debts through a deal with state-owned bad loan manager AMCO.

This clean-up “is essential to give the bank the prospect of a lasting return to profitability … and pave the way for the economy ministry to sell its holding,” the decree states.

Rome also lists ways the government can liquidate its holding, which include a share offerings, a public tender or negotiating a merger.

(Reporting by Giuseppe Fonte; Editing by Valentina Za and Alexander Smith)





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Technical analyst Jonathan Krinsky on sell off in technology stocks


Analysts working at the Nasdaq.

Adam Jeffery | CNBC

(This story is for CNBC Pro subscribers only.)

The Nasdaq Composite’s sell-off Thursday could be the beginning of a more significant pullback for the tech-heavy index, according to technical analyst Jonathan Krinsky.

“The Nasdaq is up 17% since June 11, so there’s a lot of unwind that’s still left to go and we think today is probably, certainly, the start of that,” the chief market technician at Bay Crest Partners said on CNBC’s “Halftime Report.”



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Trump hands out autograph: ‘Sell this on eBay tonight, you’ll get $10,000’ | US News


Donald Trump has suggested people in the midst of Hurricane Laura could sell his autograph for $10,000.

The US president was in Lake Charles, Louisiana, on Saturday to see the damage from the hurricane and to be briefed on the disaster and federal response.

He signed autographs for some of those listening, saying they could sell them on eBay for $10,000 (£7,500).







Hurricane Laura’s flood destruction over Louisiana

Mr Trump sat down and called to a group of people, saying: “Come here fellas, get over here. I want a little power.”

Handing over his autograph to an official, he said: “Sell this on eBay tonight, you’ll get $10,000”, telling another recipient that he is deliberately not putting his name on as it would be worth more without it.

EBay already has a number of pieces of Trump-autographed memorabilia, with bids for some of them reaching into thousands of dollars.

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Tall buildings in Lake Charles had their windows smashed by Hurricane Laura’s 150mph (240kmph) winds, which left glass and debris scattered across the city.

At least four people were killed after trees fell on their homes.

“I’m here to support the great people of Louisiana,” Mr Trump said in a news conference in Lake Charles, adding: “It was a tremendously powerful storm.”

He said he knew one thing about the state of Louisiana: “They rebuild it fast.”



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Japan Display to sell screen plant to Sharp for $390 mln, repay debt to Apple


Article content

TOKYO — Japan Display said on Friday it has agreed to sell a smartphone screen plant in central Japan to Sharp Corp for $390 million, raising funds to repay debt it owes Apple Inc for the plant construction costs.

The company said in a statement it will also sell screen plant equipment at the liquid crystal display (LCD) factory to “an overseas customer” for $285 million, or $85 million more than the amount announced in March. Sources said the customer is Apple.

Japan Display owes Apple $702.5 million for the $1.5 billion cost of building the plant five years ago, and the Japanese supplier said the $675 million raised from the plant and equipment sale would be used for repayment.

Sharp, a supplier of sensors, camera modules and LCD screens for Apple’s iPhones, is buying the central Japan plant at the request of Apple and plans to consolidate its iPhone panel production there, a source familiar with the matter said.

Representatives at Apple’s Japanese unit were not immediately available for comment. Sharp declined to comment on its panel strategy and customers.

Sharp, a unit of Taiwan’s Foxconn, has been operating its own smartphone panel plant almost at full capacity, in part due to the popularity of Apple’s new lower cost iPhone SE.

Sharp will use the vacated smartphone panel lines at its existing LCD plant to boost production of panels for autos and medical equipment, said the source, who declined to be identified because the issue is private. (Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman and Lincoln Feast.)



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Council to sell properties to recover $362K in overdue rates



FOR the first time in a decade, a Northern Rivers council has announced it will be selling off properties which have racked up between five and 10 years of unpaid rates.

On Wednesday the Lismore City Council announced in its fortnightly newsletter Local Matters of its intentions to sell 15 properties in default of payment of rates, which it claims totals $362,568.80.

One of the properties on the hot list is Unit 18, 4 Dixon Place, Lismore, which the document names Belinda Catherine Nott, who was convicted of fraud in 2017, as one of the owners.

The last time council auctioned off properties to recover rates owed was in 2011.

According to the list which was authorised by general manager Shelley Oldham, the decision was made after council took less drastic steps to recover the rates owed.

“Before considering these properties for sale, council has taken all reasonable steps, under its Debt Recovery Policy, in an attempt to recover the debt,” she said.

“This process includes reminder letters, demand letters and legal action (and) in some cases, we organised support conferences with ratepayers and undertook onsite assistance.”

Ms Oldham said the decision was made because the owners of these 15 properties have unpaid rates for more than five years, and in most cases more than 10 years.

“Council is not in the financial position to be able to carry these debts,” she said.

“For this reason, councillors decided at their June 2020 meeting that it was fair and equitable to all ratepayers that these properties are sold to recover the unpaid debt.”

Ms Oldham said the decision to name the people was made, as councils are given power to sell land for the purpose of recovering overdue rates and charges under the Local Government Act 1993.

“Council must strictly comply with the legislative requirements,” she said.

“One of those requirements is to name the person who owns the title to the property, this allows a third party who may have a claim on the property to come forward.

“If we did not do this, we would have been in breach of the Act and also opened up council and ratepayers to possible legal action from a third part.”

Ms Oldham said once the rates and costs are recovered, the remainder of the proceeds is held in trust and is transferred to the owner upon request.

She said the recovery of the unpaid rates for the 15 properties was in train before COVID-19.

“Councillors decided at their March meeting to provide some rate relief due to the impact of COVID-19,” she said.

“This included extending the interest-free period on overdue notices by 60 days for those who successfully applied, reducing the minimum weekly repayment for overdue rates to $25 for those who requested new arrangements and to stop all new legal action.”

And it’s not too late for those tardy owners to pay the debt, she said.

Those listed can avoid the sales of their properties by either making a payment in full or by proposing, in writing, a payment plan that is acceptable to council,” she said.

“It is also important to note, that councillors will have a further opportunity to remove properties from the sale process closer to the auction date.”

The council said land will be offered for sale by the public auction by Wal Murray & Co Real Estate at Lismore City Hall 1 Bounty St, Lismore on Saturday November 28 at 10am.

The properties listed by council for sale are:

1 Atlas St, East Lismore

129 Bridge St, North Lismore

5 Cassia Cres, Goonellabah

28 Oakeshott St, Lismore Heights

28 Engine St, South Lismore

5 Fowler St, Lismore

35A Invercauld Rd, Goonellabah

73-75 Phyllis St, South Lismore

13-15 Crane St, North Lismore

99-103 Tweed St, North Lismore

8 Wade St, East Lismore

370 Rose Rd, Tuntable Creek

Unit 18, 4 Dixon Place, Lismore

325 Bice Rd, Leycester

63 City View Drive, East Lismore

Council said the properties will be offered for sale by the public auction by Wal Murray & Co Real Estate at Lismore City Hall 1 Bounty St, Lismore on Saturday 28 November 2020 at 10am.





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Rye vendor conducts live-stream open home herself to sell well


A Rye vendor briefly turned agent when she performed a virtual open for inspection at her own property.

Marion Frolik conducted one of auction streaming platform Gavl’s first open homes from an owner’s perspective, which are an effort to bring buyers into listings while adhering to stage four lockdown restrictions.

Real estate agents are unable to attend properties in person and all inspections must be conducted virtually.

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The three-bedroom house at 20 Twakurra St, Rye.


Views from the home are first class.


A window splashback in the bright and contemporary kitchen.


Ms Frolik’s online tour of 20 Twakurra St proved a hit with buyers, with the home selling a few days afterwards to one of the viewers for $1.06m.

“I did love selling my own home — you can’t get any better than the actual owner showing you through,” Ms Frolik said.

Ray White Rye listing agent Travis Doolan said he was “flooded with phone calls and emails” once the live-stream finished.

“She got smashed with questions from about four different buyers — she knew all the answers on the spot,” Mr Doolan said. “A lot of the questions I would’ve had to go back to her first (for an answer).”

“She actually said, ‘geez, Travis — I’m selling the house myself!’”

Open-plan living in the Rye house, which sold for $1.06m.


There are multiple entertaining spaces.


Did we mention the views?


Ms Frolik said she was “a bit nervous and sceptical” before conducting the tour, but it had been a fun experience.

“I was really surprised, I thought ‘who’s going to buy a house off live-streaming?’” she said. “I’m totally gobsmacked.”

Buyers had the opportunity to ask questions about the property through the app’s chat function, which Ms Frolik was best placed to answer.

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“At first I didn’t know they could actually hear me and then Travis typed to ‘talk us through the property’,” she said.

Gavl co-founder Joel Smith said the vendor’s own virtual tour was a bid to keep the real estate market accessible for buyers during the stage four lockdown period.

“It’s just a new way the industry’s tackling it — we may not be able to move around but we can still view properties,” Mr Smith said.

One of the home’s three bedrooms.


The main family bathroom.


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jack.boronovskis@news.com.au

@jackboronovskis





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