Fury Wins in Stunning Stoppage of Wilder in Heavyweight Tilt

Las Vegas (AP) — Tyson Fury is a heavyweight champion once again, dominating Deontay Wilder in their title rematch Saturday night before Wilder’s corner threw in the towel in the seventh round.

A boxer in their first fight, Fury went on the attack in the rematch and knocked Wilder down twice before a flurry of punches in the seventh prompted his corner to call an end to the highly anticipated rematch.

Fury dropped Wilder in the third round with a right hand that seemed to take the legs out of the champion. He put him down again in the fifth round, this time with a left hand to the body.

The end came at 1:39 of the seventh round when referee Kenny Bayless stopped the fight after Wilder’s corner threw in the towel as he was getting pummeled in a neutral corner.

It was the first loss for Wilder in 44 fights, and it came in the 11th defense of the title he won in 2015.

Fury stalked Wilder almost from the opening bell, using his jab to control the early rounds. He won every round on the scorecard of the Associated Press and was in total command of the fight when it ended.

Wilder briefly protested the stoppage, as a pro-Fury crowd at the MGM Grand hotel roared in delight.

Fury had bulked up to 273 pounds for the rematch, vowing to change tactics and become the big puncher. He was true to his word, dominating early with a jab that stopped Wilder in his tracks and then landing combinations to the head and body.

The rematch drew a sellout crowd that set a record of more than $17 for the live gate and was expected to do well on pay-per-view. Both fighters were guaranteed $5 million but could make $40 million apiece.

Source: Read Full Article

South Korea Signals Unprecedented Steps to Contain Virus Surge

South Korean President Moon Jae-in signaled the potential for unprecedented steps as the country reeled from a surge in coronavirus cases that triggered travel advisories around the world.

The government on Sunday raised the infectious-disease alert to “red,” the highest level, after about a 20-fold surge in confirmed cases over five days. The total is now 602, a majority of which have been linked to members of the Shincheonji Church of Jesus. A further 18 were tied to a Catholic group that visited religious sites in Israel.

A day after Prime Minister Chung Se-Kyun asked citizens to stop mass religious activities for safety, President Moon said the government could take “powerful measures like never before without being tied to regulations” to contain the outbreak. He emphasized that shutting down Shincheonji facilities was a safety measure, not a suppression of religion.

Daegu, the southeast Korean city where the Shincheonji group is located, has deployed some 600 police officers to track down members who have been unreachable, according to the Maeil Business newspaper. There are about 670 people who have been uncontactable, the paper said.

Health officials in that city have a list of residents who are members of the sect, and are getting in touch to explain self-quarantine measures. Authorities have stationed a total of about 500 military personnel at two hospitals in Daegu to implement stricter measures for patients confirmed to be infected.

Daegu is one of two cities, along with nearby Cheongdo, subject to a U.K. travel advisory on Saturday. Britain’s Foreign Office advised against “all but essential travel” to the two locations. The U.S. separately raised its alert to Level 2 — “exercise increased caution” — for the country as a whole.

Israel took sterner measures after a group of Catholics visited for a Holy Land Pilgrimage, deciding on Saturday to block the entry of South Korean tourists on Saturday. That was a day after the Middle Eastern country reported its first case of the virus. South Korea’s foreign ministry called the move “regretful,” Yonhap reported.

South Korea’s CDC said 18 people out of the 39 who went on the tour were confirmed to have the virus. Authorities are conducting further tests on the remaining 21. The Roman Catholic Diocese of Andong has halted all masses and assemblies until March, the CDC said in the statement.

South Korea was last on red alert in 2009, during the H1N1 virus outbreak that resulted in 250 deaths in the country.

Source: Read Full Article

Die another day: however ugly the figures, Aston has survived again

Sitting behind the wheel of Aston Martin’s new luxury SUV in Wales last week, Prince Charles was marking his own anniversary with the carmaker.

It is 50 years since the Queen gave him an Aston Martin Volante for his 21st birthday – a half-century in which fortunes for both the prince and the company have peaked and troughed .

Many executives at the car manufacturer would be forgiven for wanting to be transported back five decades, considering the fraught times that it has gone through of late.

Last month, a £500m rescue deal led by the Canadian billionaire Lawrence Stroll saved the company from collapse, as its huge debt pile threatened to cause it to go bust for the eighth time in its 107-year history.

Under the deal, the car brand will from 2021 be used by the Formula One racing team that Stroll owns. Shareholders who have watched the latest round of difficulties for the company will be hoping that the new deal will finally resolve the problems that have been dogging the maker of James Bond’s cars.

This Thursday will see the announcement of full-year results for 2019, but investors have already been warned to expect bad news. Last month, the company issued its second profit warning in 12 months after flagging a “very disappointing” year of falling sales and higher costs. It predicted adjusted profits of between £130m and £140m for 2019 – almost half the £247m it made the previous year and well below analyst forecasts of £196m. Aston Martin blames a decline in cars sold through dealers alongside higher marketing costs and a fall in its average selling price.

The price of the company’s shares has plummeted since they launched on the stock market in October 2018 at £19. They now sit at just above £4, prompting some analysts to describe Aston as the one of the biggest flops on the market in recent memory, at a time when there is a lot of competition for luxury cars. The value of the company at launch was £4bn, but it had plummeted to £1bn by the beginning of this year.

Aston’s chief executive, Andy Palmer, has said the company was forced to discount more heavily than intended to sell cars at the end of last year, and paid higher-volume bonuses to dealers in a big sales push in December.

The company is now pinning its hopes on the new DBX sports utility vehicle, for which it has received 1,800 orders since its launch in late November. It hopes the £158,000 4×4 will widen its appeal to wealthy women – nearly all its current customers are men. Deliveries from Aston’s new factory in St Athan will commence between April and June.

The rescue deal led by Stroll includes an investment of £182m in return for 16.7% of the struggling carmaker, and includes an immediate £55.5m capital injection.

Stroll’s consortium includes business partners from many of the fashion investments in which he made his fortune, together with Anthony Bamford, chairman of the digger maker JCB, who is also known for his political donations to Boris Johnson and the Leave campaign. Forbes estimates Stroll’s net worth at $2.6bn.

On Friday, Charles joined a reception to celebrate the factory, placing a winged badge on the front of a DBX that will be located in the reception area of the company’s newest facility. Both staff and investors – and probably 007 too – will be earnestly hoping that this is ninth time lucky.

Source: Read Full Article

‘There’s no demographic’: founder of men’s make-up brand War Paint declares victory

As a teenager Danny Gray wouldn’t leave home without sneaking into his sister’s bedroom and borrowing some of her concealer and foundation to cover his acne.

Gray is now 34 and his face is acne-free. But he has continued his daily make-up routine – primer, foundation and sometimes bronzer – ever since. But the products he uses are no longer borrowed from his sister or bought shyly from Boots, they are from his own company: War Paint for Men.

Earlier this month John Lewis announced it would permanently stock the brand in its flagship Oxford Street store and online after a one-month trial saw sales “exceed expectations by more than 50%”.

Gray launched his make-up range in 2018 after considering it for more than a decade, and took it to the BBC’s Dragons’ Den to find a backer. All five of the TV dragons expressed an interest in backing the business. In its first year War Paint for Men sold more than 50,000 products – more than five times as many as Gray suggested he would achieve in his pitch to the Dragons.

Standing beside the War Paint for Men display in John Lewis, Gray said it was on the first day of the trial in the department store that he knew the brand would be a success.

“To be honest with you, on the first day I was shitting myself,” he said. “As you can probably tell I’m a pretty straightforward guy, I don’t mince my words. On the first day, I was standing there and my whole life was on the line. The first guy looked over and said ‘make-up for men, you have got to be joking’ and walked off. It was not the greatest of starts.”

However, a few minutes later two friends in their 60s walked over. “They were both straight, had never used make-up before and didn’t know we had the brand in there,” Gray said. “They sat down and I explained how the products worked. They both bought concealer, and I knew from that second that this would work.”

Over the trial Gray sold products to customers ranging from 14-year-old boys to a 75-year-old man. “People say what’s your demographic? It must be a 24-year-old who lives at home, goes down the gym every day and has enormous muscles and fake teeth,” Gray said. “But actually our customer base varies in every way. We have all ages and every sexual orientation you can imagine. There isn’t a demographic – this is for all men.”

Men’s makeup: share your experiences

John Lewis’s beauty buyer, Charlotte West, said: “Self-care isn’t just for women. We know that men want to look and feel great too which is why we continue to invest in services in products to help them achieve this. We are delighted to have War Paint permanently on board at John Lewis & Partners following its extraordinarily successful trial. We know that men have used make-up for some time now so it made sense to position War Paint as a permanent fixture alongside other male grooming brands and services.”

The brand is also stocked in Harvey Nichols and Jarrold department store in Norwich, as well as selling directly online to customers in 77 countries last year. It will soon launch in German and Australian stores, and in the last few weeks Gray held discussions with distributors from Japan and Ireland. Prices range from £18 for a tub of concealer to £90 for a full set including foundation, concealer, tinted moisturiser, bronzer, anti-shine powder, a face sponge and brush.

Gray, who lives in Buckinghamshire with his fiancee and two young children, said he decided to take the plunge and set up his own make-up business during a round of golf with his best mate. “I had been talking about the gap in the market for men’s make-up for more than 10 years, and he finally snapped and said to me: ‘Danny will you stop talking about it and do something?’” he said. “I went straight to my car and sat there for three hours calling people and figuring out how to get it off the ground.”

War Paint for Men isn’t the only company to produce men’s make-up. Tom Ford, Yves Saint Laurent and Chanel all have men’s make-up lines, and giant make-up producer Mac has launched a gender neutral range.

Gray said those brands might not appeal to men who haven’t considered wearing make-up as it is generally sold from beauty concessions. “Make-up for men hasn’t been on show or accessible for a guy to go and ask for it,” he said. “Am I going to go to the other beauty counter as a 34-year-old guy and ask about make-up? No.”

Gray, who suffers from body dysmorphia, said that learning how to apply make-up gave him a big self-confidence boost. “I was bullied in middle school and when I was getting acne I wouldn’t have been able to get out of the house without make-up,” he said. “My sister showed me how to put on a bit of concealer, and I couldn’t believe what it could do.”

He said men are prepared to spend hundreds of pounds a year on moisturisers and other skincare products but won’t stretch to make-up to cover blemishes. “The reason men do skincare regimes isn’t to prolong their lives but to reduce your wrinkles, make you look better and give you more confidence,” Gray said. “But what they’ve not got is anything to deal with the dark eyes, blemishes and broken capillaries.It seems crazy to me to spend all that money on skincare but then not use a bit of make-up.”

Men’s grooming is the fastest growing segment of the beauty market, and was valued at £500m last year according to market research firm NPD Group. The trend is said to be partly driven by TV shows such as Love Island. Gray said some forecasters are predicting that within five years one in four men will use some type of make-up.

An injection of cash from a family member helped get Gray’s business up and running, before he sought investment on Dragons’ Den last year. All the Dragons competed to invest in War Paint and Gray eventually accepted a joint bid from Tej Lalvani and Peter Jones for £70,000 in return for a 12% stake in the company.

However, he eventually rejected their offer and decided to go it alone. He is now working to secure a first round of non-family funding to help expansion, and has already rejected a takeover approach from a major international cosmetics brand.

Gray said make-up had helped him get out of a “very dark place” and he hoped War Paint for Men could help other men suffering with self-confidence issues.

“I’m not trying to change the world, or save people’s lives but there’s so many guys out there who struggling with stuff they don’t need to,” he said. “There are tools help you get through.”

Sign up to the daily Business Today email here or follow Guardian Business on Twitter at @BusinessDesk

Source: Read Full Article

Our Vacation in Brownsville Showed Us the Border Crisis Up Close


Brownsville is a run-down border city at the southeastern tip of Texas, where the Rio Grande ends its journey to the Gulf of Mexico—more as a polluted creek than the grand waterway of our imaginations. Downtown is a lifeless grid of one-way streets. All the action is on a neon stretch along the interstate and on the nearby resort of South Padre island, a 30-minute drive from the airport. My wife and I hadn’t traveled there from London to play in the sand, though.

One of the perks of life abroad is distance—the kind that lets you tune out whatever is too annoying, too disturbing, too infuriating. But more than a few of the headlines emanating from the United States of late have struck a nerve that made tuning out impossible, especially President Donald Trump’s insistence that American tax dollars separate migrant families and jail asylum seekers. I’m the grandson of an undocumented immigrant from what is now Poland, and my wife, Sarah, spent much of her 20s teaching in Central America. But what could we do? We tried to connect with folks on the ground without much luck. So we decided the least we could do was show up. That became the plan: just show up. We needed to see for ourselves what was going on, especially since the story had faded from the headlines after the initial outcry in 2018.

That calling was what inspired us to bring a clear purpose to part of our vacation. For our first segment, we’d bear witness to recent developments along the almost 1,000-mile border—the towns, the roads, the encampments, the wall—before moving on to the wonders of Big Bend National Park and the artistic desert outpost of Marfa. But it didn’t really work out that way. The day we set off from London, we finally heard from the local group that calls itself “Angry Tias and Abuelas,” or Aunts and Grandmothers. Cindy told us to show up at the bus station at 4 p.m. And that’s what we did.

There we met another out-of-towner. Lindsay sat at a folding table set up by the local volunteers—known collectively as Team Brownsville—as something like a customer service desk. She’s a school librarian and dairy farmer from North Carolina who’d taken a few days off work for the same reason we were there, to absorb the scene a few hundred yards away from where we were standing, across the International Bridge in Matamoros. She wanted to bring back photos and firsthand accounts to folks back home who were skeptical of what the media was reporting.

The chitchat was interrupted by one of the Team Brownsville leaders, Sergio Cordova, an educator by day, who was leading a whole battalion of volunteers who swept us into their mission. It was a squad from the Brooklyn Heights Synagogue—lawyers, teachers, a rabbi, a nurse, and just a bunch of all-around do-gooders. 

Here’s what ensued that late Saturday afternoon: Sergio took a bunch of folded-up canvas wagons—imagine Radio Flyers designed by REI—out of their supply shed, across the street from the depot. The loading was done in the parking lot. Supplies prepared by the Brooklynites included hundreds of quartered oranges, ground cloths, sleeping pads and bags, and fleeces. Once packed, the wagon train set off, through the bus station, down 14th Street, and to the International Bridge. We each had four quarters for the turnstiles but handed them off to the Mexican border officer, who held a gate open. He was accustomed to this drill, obviously. The lines of people and vehicles waiting to go the other way were endless. We crossed the Rio Grande, with folks on the Mexican side doing their laundry and bathing in the dirty water below, and passed a desultory check by the customs agents.

Then we confronted a sight for which I was unprepared, a tent city set up adjacent to the border crossing. Maybe a better word is at the border crossing. There, hugged up against the entry to the bridge, stood the first of many hundreds whom we would feed that evening. They were waiting patiently and, over the next two hours, kept coming for the rice and beans and tortillas prepared by a local restaurant, and the drinks and fruit we’d wheeled over.

The sun was down by the time we were done, so we didn’t get a good look at the surroundings until the following day. We returned with the Brooklyn battalion to serve breakfast and help at the weekly Sunday “sidewalk school.” Tarps are laid out on the concrete paths, and kids are organized by age so that volunteers can read to them in groups. (There is another setup that operates three days a week in which the teaching is done by the asylum seekers themselves.) On this Sunday, the kids received backpacks stuffed with more gifts—donations from well-wishers—to celebrate Epiphany.

The encampment comprises endless rows of dome tents, housing some 2,200 people on this day, according to our organizers. Some groups demarcated compounds with jerry-rigged cooking and bathing stations in what was apparently a public park. The lucky ones had their tents set up on pallets to avoid the mud slop when it rains. Mexican officials provided portable toilets a few weeks before our arrival. We counted 30—not nearly enough, and overflowing when we peeked inside with our noses covered.

The scene is the result of an administration policy that’s restricted the justification for seeking asylum. Asylum seekers must now remain on the other side of the border while their claims wind their way through the American system. On the U.S. side is another tent-city that houses immigration courts. In the days that followed, we spoke to numerous Central Americans—Guatemalans, Salvadorans, Hondurans—who shared remarkably similar, if unverifiable, tales. Essentially, they were fleeing violent gangs and corrupt authorities. One family of six fled their village in El Salvador the day after they were approached to sell their 16-year-old daughter.

After our third day, it was time to move on. Our next stop was McAllen, about 60 miles up the border, where we’d hoped to help out at a center that served new arrivals. Once housing and feeding more than 1,000 a day, the site had maybe two dozen the day we visited—mainly Africans and Haitians. Central Americans weren’t making it over anymore.

The next morning, Sarah and I looked at each other and pretty much said the same thing at the same time: We can’t have a vacation anymore. Big Bend and Marfa were out. We spent the next eight days getting in even deeper with the everyday heroes who have assembled in Brownsville, devoting too many of their waking hours to help those seeking what hundreds of thousands before them did: a better life in the U.S. These are the names you should know, the stories you should hear: Madeleine Sandefur, one of the “Angry Tias,” who works to get refugees out of detention; Norma Pimental, an indefatigable nun in McAllen; Michael Benavides, a Desert Storm veteran and a founder of Team Brownsville. Those are just some of the people we met on our consciousness-raising adventure. Meantime, detention centers keep sprouting in the barren landscape of South Texas.

Of the many unforgettable images, an odd one sticks with me. It was in the waiting room of the Port Isabel Detention Center. We were there, thanks to one of our new friends, to visit some of the detainees. We’d emptied our pockets of all but the car keys and handed over our IDs to the private security contractor at the front gate. We’d walked by the stone monument dedicating the site to the victims of Sept. 11 and passed through the metal detectors, with nothing but the most polite interaction with the khaki-clad minders. We signed in and there we were, in the jail’s waiting room. The whole thing was an antiseptic institution with a soundless television playing adjacent to the reverse ATM that allowed you to deposit money into detainee accounts. On the screen was The Hunger Games—surely a coincidence, but a wholly appropriate dystopian fantasy for the time and place. —With Sarah Towle

Source: Read Full Article

25 Famous People Born on Leap Day

The chances of being born on leap day, Feb. 29, the day that is added in a leap year, are remote — one in about 1,500. It is estimated that there are 187,000 leapers, leapsters, or leaplings (yes, there are names for them) in America today.

Among these leaplings are famous rappers, actors, and sports figures who are still among us. Others have passed into history, having made contributions in various fields.

To find out which famous people were born on leap day, 24/7 Tempo reviewed articles and materials from websites such as timeanddate.com.

Click here to see the famous people born on Leap Day.

Leaplings keep two sets of ages, annual and every four years. The birthday observance in non-leap years is either Feb. 28 or March 1. Leaplings have chosen to embrace their unique status with organizations such as The Honor Society of Leap Year Babies and the Order of 29’ers. Anthony, Texas, calls itself the Leap Year Capital of the World and holds a three-day celebration in leap years.

Some leaplings have gained fame for particular leap day quirks. The 19th-century Tasmanian Premier, Sir James Wilson, was born and died on a leap day. Karin Henriksen of Norway gave birth to three kids on consecutive Feb. 29ths — in 1960, 1964, and 1968. These may be quirky examples, but significant events have also occured on Feb. 29. Here are leap days that made news.


To find out which famous people were born on leap day, 24/7 Tempo reviewed articles and materials from websites such as timeanddate.com, a website that provides information about time and the world’s time zones, as well as media sources such as syracuse.com, and celebrity websites such as famousbirthdays.com. We included famous (and some infamous) leapers from the past, as well as contemporary leaplings who have gained fame as actors, rappers, or in sports to create our list.

Source: Read Full Article

What FICO score changes could mean for retirees

Fair Isaac,FICO, -2.53%  the giant credit score company, recently announced the biggest change since 2014 in how it determines its FICO credit scores. This new FICO 10 system — expected to go into effect by year’s end — could affect your retirement in big ways, possibly for the worse and possibly for the better.

But there are a few things you can do to help prevent it from lowering your credit score.

Having good credit is especially important in retirement. It can save you thousands of dollars — with a lower interest rate on a mortgage, car loan or credit card — at a time of life when every penny really counts. And a high credit score could help you get a rewards credit card or a better interest rate with one, making travel in retirement less expensive. Insurance premiums, utility bills and apartment rents may also be more affordable when your credit is in good shape.

Conversely, having a poor credit score could keep you from getting a mortgage on a retirement home or raise your monthly expenses due to higher borrowing costs.

According to FICO, about 40 million people could see their credit scores rise 20 points or more with the new system. But another 40 million could see their scores drop 20 points or more. And about 110 million people could see their credit scores go up or down by under 20 points.

What’s behind FICO 10? Something known as credit score inflation.

A few years ago, due to a legal settlement, the three major credit reporting agencies (EquifaxEFX, -1.18%  ExperianEXPGY, +0.27%  and TransUnionTRU, -2.94% ) agreed to remove tax liens and judgments from credit reports. That caused millions of Americans to see a boost in their credit scores. The average FICO score climbed to an all-time high of 706 in 2019; scores typically range from 300 to 850.

But lenders weren’t thrilled with this development. Some argued the credit score increases weren’t deserved and could lead some people to get loans and credit cards they wouldn’t be able to pay on time.

Read more: What the new FICO credit score reveals about the precarious state of Americans’ finances

According to FICO, a credit card issuer might be able to lower its number of defaults by up to 10% under the new scoring model, though. One reason: FICO 10 will put more weight on a borrower’s rising debt levels. So, if you switched from paying off your cards in full each month to carrying growing balances, you may well see a lower credit score.

Here are three ways the FICO 10 changes could hurt your credit score:

1. Late payments could trigger a bigger credit score drop than before.

2. If you have a history of not paying off your credit card debt in full every month, your credit score may decline.

3. Personal loans might damage your credit score, especially if you use them to consolidate credit card debt, but then run up credit card balances.

That said, many of the general rules you’ve learned about earning a good credit score still apply under FICO 10. For example, it will still help to pay your bills on time, keep credit cards open and review your credit reports for errors often.

But you may want to tweak your approach to credit management in light of the new scoring changes to come. Here’s how:

Be sure not to be late on your loan and credit card payments. Even the occasional late payment might be a bigger issue under FICO 10.

Make paying off credit cards a bigger priority. FICO 10T (an alternative version of the new scoring system) will look back at how you’ve managed your credit cards over the last 24 months. If you have a history of paying off card balances every month, this good habit should work in your favor.

Be careful how you use personal loans. Using a low-rate personal loan to consolidate credit card debt may still be a smart financial move. However, it will be more important than ever to avoid getting back into credit card debt because a personal loan consolidates your debt.

See: Follow this simple blueprint to manage your credit score

If you start following the good habits and steering clear of bad ones, you may be able to avoid potential credit score problems in retirement.

Source: Read Full Article

Coronavirus and the ‘Working From Home’ Economy

The coronavirus currently spreading from country to country has caused extreme concern in nations where the number of cases is growing. So far, the United States has been spared, although the Centers for Disease Control and Prevention (CDC) says it has plans in place in the event it begins to spread here. The United States has more than one advantage, economically, if this happens.

Nothing can offset the effects of closed factories, airlines with sparsely filled planes, and empty stores and fast-food establishments. However, American businesses have adopted “working from home” programs. These are possible due, very substantially, to the nation’s broadband infrastructure. The only places where broadband availability is low are rural areas and in poor portions of many large cities.

Much of the thriving tech economy does not require people to work in any one place. This is true of many people who work for companies like Amazon, Apple, Facebook, Google and Netflix. Some workers in the financial industry do not need to work at offices, with the exception of those who work in customer-serving branches. Many people who work at pharmaceutical companies like Pfizer do not need to work from offices. The same is true of some consumer products companies, including Johnson & Johnson and Procter & Gamble.

The “working from home” economy will not keep the United States from an economic slowdown if the virus starts to spread in a significant way in America. However, it will keep some of the most critical parts of the business world from crumbling.

Source: Read Full Article

Tyson Fury And Deontay Wilder Get Ready for Las Vegas Fight

Las Vegas (AP) — Tyson Fury and Deontay Wilder made one last appearance Friday before their big heavyweight title fight, weighing in and taunting each other before a raucous crowd at the MGM Grand arena.

Wilder weighed 231 pounds, the heaviest of his career, for his 11th title defense. Fury, meanwhile, tipped the scales at 273 pounds, just 3 pounds short of his heaviest ever, too, for Saturday night’s rematch.

The fighters jawed at each other from a distance after getting on the scales in the arena. Nevada boxing officials ruled they would not have a faceoff after pushing each other at the final press conference on Wednesday.

Thousands of fans, most of them supporting Fury, jammed the arena, waiting for several hours for the fighters to make their brief appearance on the scales. Though separated, the two fighters jawed at each other, much like they did at the press conference promoting the pay-per-view bout.

“I just told him, `24 hours, 24 hours,’’’ Wilder said. “He’s nervous, nervous energy as always.’’

The two unbeaten heavyweights meet in a showdown just 14 months after they fought to a draw in a dramatic fight in Los Angeles. The fight is arguably the biggest heavyweight bout since Lennox Lewis demolished Mike Tyson in 2002, and both fighters could make some $40 million if the pay-per-view sells well.

Fury weighed in 16.5 pounds heavier than the first fight, and just 3 pounds short of what he weighed in his first comeback fight in 2018 after being out of the ring with drug and alcohol problems. Wilder was also heavier than expected, weighing 18.5 pounds more than the first fight.

“The weight’s not a problem,’’ the 6-foot-9 Fury said. “It’s 273 pounds of pure British beef.’’

A fight that promises intriguing matchups matches two fighters with claims to titles — Fury’s is the mythical lineal crown — in a rematch of their draw a little more than a year ago. In that fight, Fury dominated the boxing but Wilder knocked him down in the ninth and 12th rounds before the judges scored it a draw.

Fury (29-0-1, 20 knockouts) predicted in the weeks leading up to the fight he would weigh about 270 pounds. He said he added the weight because he intends to go after Wilder from the opening bell in the rematch to try and score an early knockout.

“At the end of the day, we’re heavyweights,’’ Wilder said. “So it doesn’t really matter about the weight.’’

In addition to the weight, Fury will have to deal with the possibility of the cut suffered around his right eye in his last fight will reopen. He usually trains without headgear but used it for the rematch because of the 47 stitches it took to sew the cut up after his hard-fought win in September against Sweden’s Otto Wallin.

Wilder (42-0-1, 41 knockouts) is making the 11th defense of the crown he won in 2015, the same year Fury beat Wladimir Klitschko to win a piece of the title. Fury didn’t fight for more than two years after that, giving up his crown as he descended into mental and drug problems and his weight ballooned to 375 pounds.

Source: Read Full Article

Coronavirus concerns hurt cruise industry

London (CNN Business)A growing number of companies are warning that the coronavirus will prevent them from meeting sales or profit targets for the first three months of the year. Some are even getting specific, and putting a number on the financial damage.

Yet the situation remains highly uncertain, and many of the financial projections assume the coronavirus will be contained in China over the coming weeks and months, and that there won’t be a major outbreak in another country. If the Chinese economy doesn’t come roaring back as quickly as expected, investors could be caught off guard.
“Investors have largely taken the view that the impact will be temporary, hopefully short-lived, and that most of the weakness should be reversed with a strong rebound in the quarters that follow,” Peter Oppenheimer, chief global equity strategist at Goldman Sachs, wrote this week.

    Global air traffic could fall this year for the first time in a decade because of the coronavirus
    The International Air Transport Association, which represents major airlines, warned this week that coronavirus could cost global carriers nearly $30 billion in lost revenue. Global demand would drop by 4.7%, the first overall decline since the financial crisis.
    The group’s financial estimate is based, however, on the disruption caused by SARS when it ripped through China in 2003. That virus caused real damage over a period of months, including for airlines, but the sharp decline in activity was “followed by an equally quick recovery,” according to IATA.

    “We don’t yet know exactly how the [current] outbreak will develop and whether it will follow the same profile as SARS or not,” the group warned.
    Maersk, the world’s largest container shipping company, said Thursday that it was having a “very weak” start to the year, with factories in China, which make the goods it transports, running at around 50% to 60% of capacity. CEO Søren Skou said he expects production to ramp up to 90% by the first week of March, but he cautioned that there are “still a lot of uncertainties.”

    Shipping containers sit aboard a Maersk cargo ship in Hong Kong.
    Disney (DIS) warned that income from its parks in China could drop by $280 million this quarter, assuming the resorts are closed for two months. “The precise magnitude of the financial impact is highly dependent on the duration of the closures and how quickly we can resume normal operations,” CFO Christine McCarthy said on an earnings call.
    How quickly China recovers matters a great deal to global companies. The country is the world’s factory, churning out products such as the iPhone and driving demand for commodities like oil and copper. It also boasts hundreds of millions of wealthy consumers who spend big on luxury products, tourism and cars. China’s economy accounted for roughly 4% of world GDP in 2003; it now makes up 16% of global output.

    Damage done

    The coronavirus has already caused significant damage.
    China’s approach to containing the spread of the virus has kept cities under lockdown and factories shuttered, causing widespread disruption to businesses across the globe, which rely on China as a manufacturing powerhouse and a market for their goods.
    Qantas Airways (QABSY) said this week that the virus could shave up to $100 million off profit from the second half of its fiscal year. Air France-KLM (AFLYY) estimated the virus could slash its earnings by as much as $216 million between February and April.
    Jaguar Land Rover, which has resorted to flying parts out of China to keep production going in Europe, expects to take a hit from the collapse in demand for cars in the country, where passenger car sales plunged by 92% in the first two weeks of February, according to an industry association.
    Other companies with significant ties to China have also issued financial warnings, including Apple (AAPL), Wynn Resorts (WYNN) and Qualcomm (QCOM).

    What comes next?

    Much depends on whether the coronavirus continues to spread.
    Tedros Adhanom Ghebreyesus, the director general of the World Health Organization, told reporters Friday that there’s great concern about the potential for the coronavirus to spread beyond China. There’s still time to contain the virus, Ghebreyesus cautioned, “but the window of opportunity is narrowing.”
    Coronavirus cases in South Korea, a major producer of the memory chips used in smartphones, have jumped from about 28 a week ago to more than 200. Singapore has reported 86 cases, while Iran said Friday that the virus has spread to several cities.
    The International Monetary Fund’s managing director, Kristalina Georgieva, said in a blog post this week that the organization expects a severe drop in China’s first quarter economic growth, but “only a small reduction for the entire year” if the spread of the virus is quickly contained.
    A longer lasting and more severe outbreak will result in a sharper slowdown, with “more substantial supply chain disruptions and a more persistent drop in investor confidence,” she warned.
    If the coronavirus outbreak becomes a global pandemic, $1 trillion could be wiped off the world economy, with recessions in the United States and the eurozone, according to economists at Oxford Economics. A pandemic limited to Asia would knock some $400 billion off global GDP in 2020.
    For now, demand around the world is “holding up quite well,” while measures to contain the virus in China appear to be working, giving companies reason to be optimistic, said John Stopford, head of multi-asset income at Investec Asset Management.
    “The consensus view is that these kinds of shocks tend to have a short-term impact but then most of that is recovered,” he told CNN Business.
    At the same time, prolonged shutdowns in China or an increase in cases outside the country could cause longer term disruption, Stopford said. “The longer it goes on, the incrementally worse the consequences become. If Chinese production is out for two quarters rather than one, the impact on businesses will be much more material.”
    The response of the Chinese government is another unknown. It has already stepped in to cushion the blow to the domestic economy through fiscal stimulus and subsidies, and may step up measures to contain the fallout.
    Small businesses drive China's economy. The coronavirus outbreak could be fatal for many

    Stocks at risk?

    While stock markets are starting to price in the impact of measures to contain the virus, they are not accounting for the considerable uncertainty that still surrounds the outbreak, said Alastair George, investment strategist at Edison Investment Research.
    “We believe that markets are underplaying the risk of a rise in coronavirus-related pneumonia in nations outside China, and the impact of resulting control measures,” he added. “There is the risk of a correction if measures to contain the virus spread outside China.”
    That risk is exacerbated by the fact that equity market valuations in the United States and continental Europe are on the expensive side, George told CNN Business.

      Goldman Sachs’s Oppenheimer also cautioned that stock prices may not be reflecting the potential impact of the coronavirus on earnings.
      “Notably, a dash for government bonds, which remain at their yield lows for the year, and precious metals, suggest at least some investors are seeking protection from a decline in global growth expectations,” George said.
      Source: Read Full Article