On November 26, Colombian Minister of Defense, Juan Carlos Pinzón, said that the guerrillas from the Revolutionary Armed Forces of Colombia (FARC) did not comply with the ceasefire announced on November 19 in Cuba, around the peace talks being carried out with Juan Manuel Santos’ government. “There is evidence showing that they have not complied with the dispositions,” Pinzón told daily El Tiempo from Bogotá. The official also said in the interview that the insurgents “historically have lied to Colombia over the years.” “I hope they would negotiate and, once and for all, declare a permanent ceasefire,” he added, after pointing out that “the Military and Police forces will remain constantly vigilant.” This was the minister’s response to the FARC, which accused Pinzón of sabotaging the peace talks from Havana on November 25. Regarding Pinzón’s accusations, the FARC’s 36th Front and Western Block sent communiqués, in which they confirmed their commitment with the truce, even though the 36th Front took responsibility for an attack on two energy towers, arguing that they were not aware of the ceasefire order. “The attacks on the energy towers in Reposo, municipality of Campamento on November 20, took place because the ceasefire order had not reached the guerrilla unit that was in charge of these actions,” they claimed. Santos’s government did not join the ceasefire, and from the beginning, stated that the Military forces would not stop combating the insurgents and other illegally armed groups while the talks aimed at ending the armed conflict with the FARC were taking place. By Dialogo November 29, 2012
Paris St Germain reached their first ever Champions League final with a convincing 3-0 win over RB Leipzig on Tuesday, finally delivering the reward of the biggest game in European football for their Qatari backers.Goals from Marquinhos and Angel Di Maria put PSG 2-0 up at the interval and Juan Bernat added the third in the 56th minute for what was a comfortable victory at the Estadio da Luz.The French club, celebrating the 50th anniversary of their founding in 1970, will meet the winner of Wednesday’s other semi between Bayern Munich and Olympique Lyonnais after ending what some felt was a mental block in the knockout stages. With French World Cup winning forward Kylian Mbappe back in the starting line-up after fully recovering from his ankle injury, Tuchel was able to field his preferred attacking trident with Brazilian Neymar and Di Maria.Right from the outset, PSG looked a threat to the Leipzig defense with Neymar clipping the post after he was slipped in by Mbappe in the sixth minute.Seven minutes later though, PSG had the lead — Neymar and Di Maria lined up to take a free kick on the left and it was the Argentine who floated in a lovely cross which was nodded home by Marquinhos.Former Real Madrid and Manchester United winger Di Maria was in fine form, constantly probing, while Neymar created from deep and Mbappe pushed on to the last defender looking to use his pace.The Germans were struggling but did threaten in the 25th minute when Konrad Laimer burst down the right and found Yussuf Poulsen but the forward’s shot was just off target.Neymar then went close with an audacious free kick from deep and wide on the right, the former Barcelona man going for Peter Gulacsi’s near post and striking the post as the Hungarian keeper scrambled.It was a poor clearance from the keeper which led to PSG’s second. Leandro Paredes collected the ball and then found Neymar who cleverly flicked it with the back of his heel into the path of Di Maria who made no mistake.Beyond doubtLeipzig’s 33-year-old coach Julian Nagelsmann needed to find some way to shift the momentum of the game and made two changes at the break but after a bright start, PSG put the outcome beyond doubt.Leipzig defender Nordi Mukiele slipped while attempting to clear, allowing Di Maria to cross the ball back in to the box and Bernat’s glancing header floated into the far corner.Mbappe forced a good save out of Gulacsi as PSG pushed for a fourth while PSG keeper Sergio Rico had his hands warmed by a fierce drive from fellow Spaniard Angelino.”After the second goal, the belief of our players went down a little bit,” said Nagelsmann.”That’s normal. It’s not that easy right now to think about the good season we’ve had in the Champions League but in one week it will be ok. We know that it was a good season for a young team and we will try to do it again next season,” he said.The French club have played 110 games in the competition – the most played by a side before reaching their first final, overtaking Arsenal’s record of 90 between 1971-2006.PSG’s only other appearances in the final of a European competition came with their UEFA Cup Winners’ Cup victory in 1996 and their runners-up spot in the following season.Olympique Marseille are the only French team to win the European Cup, triumphing over AC Milan in 1993. PSG have gone out in the last 16 for the past three years, but they proved a step too far for Leipzig, who were playing in the regional leagues just 11 years ago.The Germans, financed by the Red Bull energy drink company, have outperformed all expectations by reaching the last four, knocking out Tottenham Hotspur and Atletico Madrid en route.”We showed quality and determination. A good mix. We deserved to win,” said Tuchel, who had faced a heavy expectation to deliver in Europe this season.”I felt the pressure, it was not easy. I have players who are used to playing with this pressure, who like this pressure and these decisive matches.” Topics :
Fewer Queenslanders are applying for mortgages according to new research.Mr Luffman said the figures could indicate people were turning to credit to support their household and discretionary spending.“Given the current subdued growth in household incomes, and below-neutral consumer sentiment, it is understandable that Australians may be becoming more circumspect in their use of consumer credit products,” he said.Mortgage applications are a good indicator of homebuyer demand and housing turnover.It comes as Brisbane home prices recorded their slowest rate of growth in four years over the past financial year, rising just two per cent, according to CoreLogic. Fewer Queenslanders are applying for home loans according to new data. Picture: Chris PavlichThe finding comes after CoreLogic data revealed the number of homes up for auction across Sydney, Melbourne, Brisbane, Adelaide and Perth fell for the fourth straight week in the seven days to July 16.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours agoGET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERENationally, consumer credit demand rose 10.3 per cent in the June quarter, driven mainly by a surge in personal loan applications, according to Equifax’s latest Quarterly Consumer Credit Demand Index.Credit card applications in Queensland rose 4.5 per cent in the three months to June, the second largest increase after Tasmania.Personal loan applications also picked up strongly in Queensland — jumping 19.6 per cent during the quarter.Extreme inner-city renovationDo these five things before you make an offerBuyers with a bad case of FOMO Fewer Queenslanders are applying for home loans, according to new research. Picture: Brendan Radke.FEWER Queenslanders are applying for home loans in another sign the state’s housing market is beginning to cool.Mortgage applications fell 3.4 per cent in Queensland during the June quarter, according to credit reporting agency Equifax.Nationally, home loan applications were down nearly one per cent during the quarter.Equifax senior general manager Angus Luffman said it marks the second consecutive quarter of declining mortgage applications, signalling the start of a “downward trend” in all states.“Any debate about whether the housing market is softening should now be put to rest,” Mr Luffman said.“We can clearly see that, even in the historically strong geographies on the eastern seaboard, mortgage application demand is slowing or already in decline.”
The €215bn Dutch asset manager PGGM is to invest $1bn (€880m) in a new reinsurer to be established in cooperation with Bermuda-based RenaissanceRe.The joint venture, named VermeerRe and also based in Bermuda, will reinsure US properties against natural disasters such as flooding, storms, tornadoes and earthquakes.In a joint statement, PGGM and RenaissanceRe said the Dutch firm would be the sole investor, taking an initial stake of €528m. This will be extended with an additional €352m “to pursue growth opportunities” next year.PGGM is the asset manager for the €206bn Dutch healthcare scheme PFZW. According to Eveline Takken-Somers, senior director of credit and insurance-linked investments at PGGM, the investment would increase PFZW’s current 2% allocation to insurance-linked securities to almost in line with its strategic allocation target of 2.5%.She added that the insurance investment contributed to the desired diversification within PFZW’s entire investment portfolio, and would also have an attractive risk-return profile, “as a financial crisis is no natural disaster”. Flooding in New Orleans after Hurricane Katrina hit in 2005. VermeerRe will provide reinsurance to US properties for natural disasters.In a position paper, PGGM said that the risk exposure of the investment could be assessed in detail because of the “short contracts, sophisticated models and abundant data available”.Aditya Dutt, president of Renaissance Underwriting Managers, said the deal “continues our 20-year track record of creating and managing joint ventures that match well-underwritten portfolios of risk to diverse sources of capital”.PGGM and RenaissanceRe said that VermeerRe had received an A-rating for financial strength from US ratings agency AM Best, and had obtained approval in principle to be licensed and regulated by the Bermuda Monetary Authority as a Class 3B reinsurer.VermeerRe will be managed by Renaissance Underwriting Managers. RenaissanceRe – founded in 1993 – also has offices in the US, the UK, Ireland, Switzerland and Singapore.PGGM’s insurance track recordPFZW started investing in insurance in 2006. According to PGGM’s Takken-Somers, the holdings generated an annual return of 7% on average since then, even delivering a positive result in 2008.Takken-Somers highlighted that the portfolio’s purpose was also to accrue financial buffers for unpredictable events, and explained that PGGM’s risk exposure was comparable with that of its catastrophe bonds allocation.She said PGGM has focused on building strategic partnerships with top-tier reinsurance companies to improve access to and selection of risk since 2014.“We seek efficient implementation of our investments as we believe this leads to superior returns,” she added.Earlier this year, PGGM invested €352m in LeoRe, in a private transaction with reinsurer MunichRe. LeoRe insures the financial impact of natural disasters in America, Europe, Japan, Australia and New Zealand.According to Maurice Wilbrink, spokesman for PGGM, the structure of LeoRe was different from VermeerRe as it involved a catastrophe bond issued in a partnership with MunichRe.