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Silat: SEA Games coach Romadhon, 33, dies after road accident in Bali

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SINGAPORE – Barely a week after a triumphant outing at the SEA Games in Hanoi, the national pencak silat squad were dealt a heavy blow with the sudden passing of coach Mochammad Ichsan Nur Romadhon.

The Indonesian died early on Saturday (May 28) in a road accident in Bali, where he was on holiday with his family following the Games’ conclusion on Monday.

A former national athlete for Indonesia, Romadhon was 33. He is survived by a wife and two young daughters.

He had been employed by the Singapore Silat Federation (Persisi) for eight years and was one of four coaches in charge of Singapore’s tanding (match) athletes in Hanoi, where he helped guide them to three gold, two silver and two bronze medals.

Silat returned from Vietnam with a total haul of four golds, three silvers and four bronzes, their best-ever showing at the biennial multi-sport affair.

Persisi chief executive officer Sheik Alau’ddin told The Straits Times that Romadhon’s passing was a «big loss».

«Even though he was from Indonesia, he gave all his heart to us and went through ups and downs together with Singapore silat through the years. Losing him is really saddening,» said Sheik.

He added that Romadhon and his family had been making their way from Bali to Surabaya via a highway when the car accident happened. His wife suffered head injuries and was taken to a hospital while their children have minor injuries.

Women’s tanding Class F (70-75kg) bronze medallist Siti Khadijah Shahrem paid tribute to him in an Instagram story, writing: «You’ve done so much for me, your athletes and the country.

«Thank you for everything coach… we love and appreciate you coach.»

Elon Musk | Bill Gates : Elon Musk says Bill Gates has ‘multi-billion dollar’ Tesla short position

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Bill Gates has a short position against Tesla Inc. that would now need between $1.5 billion and $2 billion to close out, Elon Musk said Friday in a series of tweets.

Musk said the position was $500 million and grew after Tesla “went up a lot.”

When asked last year on CNBC whether he was short Tesla, Gates said, “I don’t talk about my investments.”

Musk was replying to tweets after the close of his Twitter poll asking who respondents trust less — politicians or billionaires. More than 75% said they had less trust in politicians.

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alibaba: Alibaba beats revenue estimates on demand for niche China shopping services

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Beijing: Alibaba Group Holding Ltd on Thursday beat expectations for fourth-quarter revenue, as growing demand for some of its niche online shopping services in China offset weakness at its main marketplaces caused by the country’s COVID-19 lockdowns.

U.S.-listed Alibaba shares, which have lost roughly a third of their value so far this year, were up about 5% in premarket trading.

Revenue in Alibaba’s cloud computing division rose 12% to 18.97 billion yuan in the reported quarter. At the core commerce unit, its largest, revenue rose 8% to 140.33 billion yuan.

The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties.

Rival JD.com Inc beat estimates for quarterly revenue last week as more people shopped for groceries and other essentials online, although it warned of a hit from supply-chain disruptions and sluggish consumption in the coming quarters.

Overall, Alibaba’s revenue rose 9% to 204.05 billion yuan ($30.35 billion) in the quarter. Analysts on average had expected revenue of 199.25 billion yuan, according to Refinitiv data.

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Annual active consumers on its platforms reached about 1.31 billion for the fiscal year, including over 1 billion consumers in China for the first time.

Net income attributable to shareholders fell 59% to 61.96 billion yuan in the fourth quarter ended March 31, primarily due to losses associated with its equity investments in publicly traded companies.

Ant Group, Alibaba’s fintech affiliate, reported a profit of about 22 billion yuan for the quarter ended December, according to Alibaba’s filings on Thursday, compared with 21.76 billion yuan a year ago.

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NBA: Klay Thompson, Warriors close out Mavericks, seal Finals berth

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SAN FRANCISCO (REUTERS) – The Golden State Warriors will be headed down a familiar path next week.

And now they have shown the up-and-coming Dallas Mavericks the road.

Klay Thompson matched his season playoff-high with 32 points as the Warriors captured the Western Conference crown and earned their sixth trip to the National Basketball Association Finals in the last eight years with a 120-110 victory over the Mavericks in Game 5 on Thursday (May 26) in San Francisco.

The 2015, 2017 and 2018 NBA champions thus earned the right to go for another title in the best-of-seven NBA Finals, which will open in San Francisco on June 2.

Kevon Looney dominated the boards with a game-high 18 rebounds to help the Warriors, in their second opportunity, close out the Mavericks with a 4-1 triumph in the best-of-seven Western Conference Finals.

«It was a helluva series,» assured Warriors coach Steve Kerr, whose teams have not lost a play-off series to a Western foe since he took over in 2015. «We had to battle like crazy, and we’re thrilled to have won.»

Golden State’s Andrew Wiggins chipped in with 18 points, Draymond Green 17, Jordan Poole 16 and series Most Valuable Player Stephen Curry 15 in a balanced effort.

«It’s pretty amazing,» Kerr gushed. «It’s so difficult to get to the Finals.

It’s frankly exhausting, stressful, emotions, physically tiring … all of that.

«For our team, our guys, especially the core group (of Thompson, Green, Curry and Andre Iguodala) to be a part of that six times in eight years … I don’t know what to say. It just takes an enormous amount of skill and determination and work, and I couldn’t be prouder of our guys.»

Luka Doncic had 28 points and Spencer Dinwiddie 26 for the Mavericks, who used a 15-0 run late in the third quarter to give themselves a chance after falling behind by as many as 25 points.

Poole ended the flurry and closed the third period with a lay-up that gave Golden State a 94-84 lead. When Wiggins and Green opened the final quarter with consecutive hoops, the Warriors began printing tickets to their first NBA Finals appearance since a loss to the Toronto Raptors in 2019.

«Unfortunately, we didn’t play our best game, and the season ended,» Mavericks coach Jason Kidd said. «We tip our hat to Golden State, but we accomplished a lot. It doesn’t mean we had a bad season. We just had a bad night.

«It means a lot (just to get to this point), especially with where we’ve been in the past. We’d be on our second vacation by now. This is just the start of an era.»

Apple to increase starting pay for US workers

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Apple Inc will raise the starting pay for its US employees, the iPhone maker said on Wednesday, as companies face a tight labour market and a surge in unionization efforts amid rising inflation.

The starting pay for the company’s US team members will rise to $22 per hour, or higher based upon the market, a 45% jump from 2018 levels, Apple said in a statement to Reuters.

«This year as part of our annual performance review process, we’re increasing our overall compensation budget,» a company spokesperson said.

Apple has informed some workers their annual reviews would be advanced by three months and the new pay will take effect in early July, the Wall Street Journal, which first the changes in compensation, said.

Apple did not immediately respond to a request for further details on the compensation changes.

Cupertino, California-based Apple is known for its reticent culture, but last year some current and former workers began criticizing the company’s working conditions online.

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In April, workers at Apple’s Atlanta store filed a petition to hold a union election, seeking to become the company’s first US store to unionize amid a wave of labour activity at other major firms.

Google and Microsoft are among other tech companies that have revised performance reviews or adjusted pay this year as they fight to retain workers.

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Football: I’m happy to see their level of commitment, says new Lions coach after first training

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SINGAPORE – As dawn broke and the rooster crowed around the Geylang Lorong 12 pitch early Thursday (May 26) morning, it was an appropriate backdrop for a new era of Singapore football and Lions coach Takayuki Nishigaya’s first training session.

The Japanese are known for their efficiency and precision and Nishigaya was no different, arriving with assistant coaches Nazri Nasir and Koichiro Iizuka at 6am to set up, as 14 players streamed in about 45 minutes later for the 7.30am practice.

Eleven came from two clubs, Lion City Sailors and Young Lions, as both are not involved in this week’s Singapore Premier League. The international football window starts on Monday.

They were joined by three overseas players – Selangor’s Safuwan Baharudin as well as Irfan and Ikhsan Fandi from Thailand’s BG Pathum – and allowed Nishigaya an early look at his core players ahead of the June 8-14 Asian Cup qualifiers.

The team fly on Sunday to Abu Dhabi where they face Kuwait in a friendly next Wednesday.

Nishigaya, 49, said via a translator: «This is more like a recovery session for me to know some of the players’ characters, and I’m happy to see their level of commitment and how much they want to play for the national team.»

Among the Lions, there was an air of expectancy about meeting their ringmaster for the first time. Banter and laughter punctuating the session which commenced after Nishigaya gave his opening address in English.

Singapore skipper Hariss Harun, 31, said: «It’s been a month since his appointment and we were looking forward to see what he is like and what his ways are. It is important that we players buy into his methods and give him our full support.

«It is still early days, but it is clear he wants us to be more proactive with and without the ball.»

During the 90-minute session, the team also played several team-bonding and ball-possession games. One of them involved kicking a smaller ball and throwing around a regular-sized football simultaneously to encourage the players to think faster about what their options and next move are.

While Nishigaya communicated mostly through a translator, the occasional shouts of «quickly! quickly!» suggested he knew which English words he wanted to prioritise. He later said: «We have big and important games ahead, and it is important to make the right decisions quicker on the pitch to gain an edge.»

This was his first senior national team call-up and Young Lions forward Glenn Kweh, 22, already noted the difference. He said: «When I receive the ball here, the pressure from the defender comes a lot quicker. I need to adapt, think and play faster, which definitely helps improve my game.»

amazon: Amazon faces record challenges at shareholder meeting

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London: Amazon faces 14 investor resolutions challenging its policies at its annual shareholder meeting on Wednesday, a record for the retail and cloud computing giant, as socially-minded investors scrutinize its treatment of workers.

The increase in the number of resolutions underscores the rise of environmental, social and corporate governance (ESG)-based investing, which is spurring more shareholders to push for corporate accountability.

It also reflects changes under securities regulators appointed by U.S. President Joe Biden that have made it easier for investors to file proposals and more difficult for companies to convince regulators that these resolutions should not go to a shareholder vote.

A fresh record for such resolutions at an S&P 500 company will be chalked up next week, when Google parent Alphabet Inc faces 17 on June 1, said research firm Insightia, the most since it began tracking them comprehensively in 2014.

Roughly ten of the shareholder resolutions that Amazon investors will vote on pertain to worker rights and other «social» issues, such as calls for the company to report on worker health and safety or the treatment of its warehouse workers. The others call for things like a review of Amazon’s use of plastic or changes to the company’s process for board nominations.

Amazon has recommended that its investors vote against all 14 resolutions, saying in its proxy statement that it often has already acted to address the underlying concerns of a proposal. While the resolutions are nonbinding, companies often take some form of action if they receive backing of 30% to 40% of votes cast.

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Top proxy adviser Institutional Shareholder Services has recommended investors vote for eight of the proposals, while Glass Lewis has backed seven of them.

Royal London Asset Management Ltd, Britain’s largest mutual life, pensions and investment company, plans to vote in favor of at least six of the shareholder resolutions at the Amazon meeting, its head of responsible investment, Ashley Hamilton Claxton, told Reuters.

Britain’s biggest asset manager, Legal & General Investment Management, and British asset manager Schroders Plc have also declared ahead of Amazon’s shareholder meeting they will back at least some of the investor resolutions.

Amazon is a popular holding among ESG-focused funds. About 32% of funds classified as promoting the environment or social justice under European Union rules are invested in Amazon, according to Jefferies Financial Group Inc. Only Microsoft Corp constitutes a more popular holding, found in 39% of such funds.

Brandon Rees, a deputy director for the AFL-CIO, the largest U.S. labor organization, said he hoped ESG funds holding Amazon will more often support labor-focused resolutions.

«It’s my belief that worker rights and workers have been buried in the ‘S’ of ESG,» Rees said.

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NBA: Doncic helps Mavs down Warriors to keep series alive but still trail 3-1

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DALLAS (AFP) – Luka Doncic scored 30 points as the Dallas Mavericks defeated the Golden State Warriors 119-109 to keep their NBA Western Conference finals series alive on Tuesday (May 24).

The Mavericks, needing a victory to avoid a clean sweep, delivered a revived offensive performance to ensure a game five in San Francisco on Thursday.

No team in the 75-year history of the NBA has ever come back from 3-0 deficit to win a best-of-seven playoff series.

But after Tuesday’s performance, the Mavericks have at least a lifeline to cling to as the series heads back to California with the Warriors needing just one win from three remaining games to advance to the NBA Finals.

Doncic, who has carried the scoring burden for Dallas in the three previous games, finally received scoring support from his team-mates on Tuesday.

Six Dallas players finished in double figures, with Dorian Finney-Smith adding 23 points and Reggie Bullock 18.

Jalen Brunson added 15 while Maxi Kleber contributing 13 and Spencer Dinwiddie 10.

Doncic however praised the defensive performance of his team-mates after a display which restricted Golden State’s leading scorer – Stephen Curry – to just 20 points.

«Our defense was amazing today,» said Doncic, who finished with 14 rebounds and nine assists. «That’s how we’ve got to play, when we play like this we’re a dangerous team.»

Asked if he felt the Mavs could still salvage a series victory, Doncic replied: «You never know. We’re going to stick together. It’s going to be tough, we know that but we have to stay together.»

After being outplayed in the first three games by the six-time NBA champions, Dallas came out with a renewed sense of purpose at the American Airlines Center.

The Mavs led by 15 points at half-time after cutting loose midway through the second quarter with a 19-2 run that propelled them into a double-digit lead.

Golden State struggled to make inroads into that deficit and were successful on only three of 16 attempts from three-point range.

The Mavs by contrast drained 11-of-23 from beyond the arc in the first half, a statistic that helped them into a 62-47 halftime lead.

Football: Son’s Spurs to play Sevilla in pre-season tour of South Korea

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LONDON (REUTERS) – South Korea captain Son Heung-min is set to play on home soil with his club side Tottenham Hotspur after they announced a pre-season friendly against Sevilla in Suwon in July.

Spurs enjoy a massive following in South Korea thanks to Son, who finished joint top scorer in the Premier League this season with Liverpool’s Mohamed Salah. Both managed 23 goals this term.

Spurs said the match will take place at Suwon World Cup Stadium on July 16, three days after they face a K League select in Seoul.

It will be Spurs’ third visit to the country.

Tottenham and Sevilla both finished fourth in their domestic campaigns to secure automatic berths in next season’s Champions League.

zomato share price: Zomato rallies most since listing, up 19%; m-cap tops Rs 50,000 crore

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New Delhi: Shares of rallied more than 19 per cent in early trade on Tuesday after the company announced its earnings for the March 2022 quarter.

The food aggregator platform reported a net loss of Rs 359 crore for the quarter ended March 2022, more than double the loss of Rs 134 crore recorded in the corresponding period of the last year.

However, the company’s consolidated revenue from operations rose to Rs 1,212 crore in the fourth quarter of 2021-22 as compared to Rs 692 crore recorded in the corresponding period previous year, posting year-on-year growth of 75 per cent.

Following the rise in revenue, shares of Zomato zoomed 19 per cent to Rs 67.6 on Tuesday at around 10.30 am. The scrip had settled at Rs 57 on Monday. The shares saw biggest intra-day rise since their listing.

Due to the stellar intraday rise in the counter, the market capitalization of the new age tech platform hit Rs 50,000 crore mark after a long time.

Adjusted EBITDA loss reduced to Rs 220 crore, (-15 per cent of adjusted revenue) in Q4 FY22 as compared to Rs 270 crore (-19 per cent of adjusted revenue) in Q3 FY22, Zomato said in a regulatory filing.

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Global brokerage are majorly positive on the counter and have target prices above the given issue price. They believe that the worst is over for the company and downside risk for the investors is limited.

JPMorgan said adjusted Ebitda losses continued to decline and that gross order value (GOV) saw strong growth as orders came back. It said Food delivery revenues rebounded for Zomato in the March quarter, as it suggested a price target of Rs 130 on the stock.

Citi has a target of Rs 80 on the stock as it revised its estimates to incorporate FY22 numbers. It also talked about a 6 per cent sequential growth in GOVs and fall in adjusted Ebitda losses to Rs 220 crore.

Morgan Stanley has maintained ‘overweight’ for the food delivery firm with a target of 135. It noted that the company is moving in the right direction, but needs consistent execution to meet the high expectations.

Listed in July 2021, shares of Zomato were still 15 per cent below its issue price of Rs 76. Furthermore, the counter has corrected about 65 per cent from its all time high of Rs 169.10.

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