Shkodran Mustafi was at fault for the concession of a second half penalty against Spurs (Picture: Getty)Ian Wright slammed error-prone Arsenal defender Shkodran Mustafi after he gifted Tottenham a way back into Saturday’s north London derby.The Gunners looked set to record a first league win on Spurs turf for five years when they led until the 74th minute through Aaron Ramsey’s brilliantly taken opening goal.Mauricio Pochettino’s side, however, were gifted a way back into the contest with 15 minutes remaining when Harry Kane, standing a yard off-side when Christian Eriksen delivered a teasing free-kick, was needlessly barged over by Mustafi.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityThe Germany international had been asked to play in an unfamiliar right-back position and had coped manfully until that point but Wright could hardly hide his ire for a player who regularly suffers from rushes of blood to the head.AdvertisementAdvertisementADVERTISEMENT‘A great game with a great atmosphere,’ Wright said on his YouTube channel. ‘I thought the manager got the shape right. It’s just frustrating. It feels like a loss to me when you look at some of the decisions. Ian Wright slams Arsenal flop Shkodran Mustafi for crucial error against Tottenham Advertisement Harry Kane’s goal was his record ninth in north London derbies (Picture: Getty)‘Their goal was offside but obviously Mustafi’s fingerprints are all over the crime scene. Pushing him in the back – they get and score the penalty.’Pierre-Emerick Aubameyang had a chance to steal the bragging rights at the death with a penalty of his own, but Hugo Lloris produced a vital save.Wright added: ‘You have to be really positive because we went there and attacked them and should have won the game. The boss deserves a lot of credit.‘Sokratis was magnificent, Leno was fantastic. Ramsey, someone who is leaving the club, his first-half performance was magnificent.‘I won’t be too down even though I’ve said it feels like a loss.’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 Arsenal Comment Metro Sport ReporterSaturday 2 Mar 2019 4:25 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link Advertisement
The International Financial Reporting Interpretations Committee (FRIC) has confirmed it will not seek to amend discounting rules under International Accounting Standard 19, Employee Benefits (IAS 19).The decision relates to uncertainty regarding the discounting of liabilities when using more than one currency.According the latest IFRIC update, “the committee concluded that the requirements in IAS 19 provide an adequate basis for an entity to determine the discount rate when the entity operates in a country that has adopted another currency as its official or legal currency”.In March the IFRIC proposed rejecting the call for it to start work on a project to develop interpretive guidance on the issue. The IFRS IC launched its probe of the topic after a company in Ecuador sought guidance on discounting its defined benefit liability, as this was denominated in US dollars.IAS 19 requires sponsors to use a high quality corporate bond rate to discount liabilities, or failing that a government bond rate.In the March edition of IFRIC Update, the committee confirmed current discounting practice in those terms.It also added that the discount rate was not meant to reflect the return on assets.Environmental lawyer highlights BoE climate change concernsSeparately, lawyers from environmental campaign group ClientEarth have warned that the Bank of England’s (BoE) policy focus on climate-change risk should serve as wake-up call for companies.ClientEarth corporate lawyer Alice Garton said: “The Bank of England continues its leadership on the financial risks and impacts of climate change. This latest statement reiterates that climate-related loss, mispriced assets and potential disruptions to financial markets must be taken seriously by all market actors, now.”In a quarterly update written by bank staff with responsibility for insurance and cross-border issues, the BoE said that climate change presented financial risks “which impact upon the bank’s objectives”.The bank identified these risks as manifesting through both the physical effects of climate change and the transition to a lower-carbon economy.The update said: “As banks and insurers realign their portfolios and adjust their underwriting practices, this will have consequences across the economy. Businesses and investors not considering these issues will be left behind.”Through its policy response, the bank was working with the sectors affected by climate change, such as insurers, it said.It was also aiming to enhance the resilience of the UK financial system through an orderly market transition to a lower-carbon economy.Recently, environmental NGOs such as ClientEarth, as well as investors, have shown a growing willingness to use the courts where companies fail to match their green commitments with deeds.FTSE 350 firms improve auditsMeanwhile, the UK Financial Reporting Council (FRC) has announced that its reviews of the audit environment among FTSE 350 companies during 2016/17 revealed an improvement in audit quality.Melanie McLaren, executive director at the FRC, said in a statement: “High-quality audit underpins public trust and confidence in business. While the progress made by individual firms differs, all firms are investing in audit quality and have set out further action to improve.”The FRC’s latest update revealed that 81% of the FTSE 350 audits it reviewed in the past year required no more than limited improvements.The FRC wants this figure to reach 90% by 2018-19.Among the areas singled out for improvement were revenue recognition and processes for complying with ethical or independence requirements.The review also noted that auditors must do more to challenge management in areas where significant judgement is exercised, such as impairment, asset valuation and provisions.
Image source: USACEThe Virginia Beach Hurricane and Storm Damage Reduction Project, a joint effort by the city of Virginia Beach and the U.S. Army Corps of Engineers’ Norfolk District, is slated to begin this week.According to USACE, the Great Lakes Dredge and Dock Company (GLDD) crews will work in roughly 1,000-feet sections of the beach, closest to the water, and access to these areas will be closed off to beachgoers to ensure public and contractor safety.The remaining sections, outside the work zone, will remain open.“Getting this completed before the hurricane season greatly reduces the risk from storm damage to the oceanfront infrastructure, and continues to show our commitment to protecting this vitally important area,” said Kristin Mazur, Norfolk District project manager.The project consists of beach-berm renourishment along the Virginia Beach oceanfront to provide for a minimum elevation of 9 feet above sea level and minimum crest width of 100 feet.The district is implementing an interactive map to track progress of the replenishment project. It provides real-time updates and is color-coded; green means construction is done and red means it’s ongoing.
MLB trade rumors: One player Dodgers, Astros, Yankees would give up top prospect to get Prior to tonight’s game, the Yankees placed LHP CC Sabathia on the 10-day IL with right knee inflammation and recalled INF/OF Tyler Wade (#14) from @swbrailriders.— New York Yankees (@Yankees) July 28, 2019It marks the second time Sabathia has had to go on the IL with knee inflammation in his surgically repaired knee — the first time occurred in May.Sabathia, 39, was coming off a performance where he allowed five runs over the span of 4 1/3 innings at Fenway Park. It was his second outing in a row where he was subpar — against the Twins on July 22 he allowed seven runs in four innings. Related News Mookie Betts hits 3 homers after meeting Make-A-Wish boy Yankees’ Larry Rothschild takes the blame for team’s recent woes Out of those 12 runs allowed in his last two starts, 11 were earned. The rough outings have boosted Sabathia’s ERA to 4.78. After a rough outing against the Red Sox Saturday, the Yankees have placed CC Sabathia on the 10-day injury list with knee inflammation.In a corresponding move, Tyler Wade was recalled from club’s Triple-A affiliate. Despite his shaky last two performances, losing Sabathia is still a tough blow for the Yankees’ rotation, which has contributed to their three-game losing streak.Domingo German will take the mound Sunday to try and stop the Red Sox from sweeping the Yankees in their four-game series, and Chad Green is expected to pitch afterward.With the trade deadline a couple of days away, New York could start looking at available pitchers if Sabathia’s knee doesn’t improve quickly.