RESTRUCTURING, REVIVAL

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HO CHI MINH CITY Authentic
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 , Jan. 28 (Xinhua) -- The Vietnam Football
Federation (VFF) on Thursday decided to terminate the contract with Vietnam's
national football coach Toshiya Miura, and look for a Vietnamese coach to
replace the Japanese.


The VFF's executive committee held a meeting on Thursday in Vietnam's Ho Chi Minh City, during which most of the delegates agreed with the early termination
of the contract inked in May 2014, although it is going to expire soon, due in
April 2016.


Miura has helped Vietnam's Olympic team advance to the knock-out round of the 17th Asian Games in South Korea, the national football squad to the semifinal
round of AFF Cup
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 , and U-23 Vietnam to the final round of AFC U-23
Championship for the first time.


However, the Japanese coach has been criticized for making Vietnamese team play in an offensive way. "He has selected players and constructed playing
styles basing on stature and physical strength, which has resulted in many
injuries and under performances of some talented footballers," said a local
football fan named Nguyen Van Hai.


The VFF is looking for a Vietnamese coach to lead the national squad, a VFF official told Xinhua on Thursday, noting that Nguyen Huu Thang is a strong
candidate.


ACCRA Authentic Avonte Maddox Jersey , Sept. 1 (Xinhua) -- Twenty-one passengers died
Sunday night, in a ghastly car crash near Asankare on the Kumasi-Accra road, a
senior police officer confirmed on Monday.


Fifteen people died on the spot when a Mercedes Benz Sprinter bus, with registration AS 6534-14 travelling from Accra to Kumasi collided head-on with a
Toyota Hiace bus.


Five more died on arrival at the Government Hospital at Juaso near Kumasi, 270 kms north of the capital, whilst another died at Konongo Hospital.


The dead are made up of 12 males and nine females Authentic
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 , according to the Ashanti Regional Motor Traffic and
Transport Department Commander, Peter Gyemah, while several others left with
critical injuries are receiving treatment at the Konongo and Juaso Hospitals.


It took personnel of the Ghana Fire Service several hours to rescue some of the passengers trapped in the mangled vehicles. The police have launched an
investigation into the incident.


by Xinhua Writer Liu Hongxia

MOSCOW, Dec. 19 (Xinhua) -- It has been more than a decade since Russians woke up to find again their ruble savings sharply depreciate against the U.S.
dollar and the euro. Even worse, they would probably have to endure a few years
of recession coupled with high inflation risks.


Meanwhile, both the Russian leadership and experts agree that the economy will ride out
recession Authentic
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 , as the country has started accelerating economic
restructuring and diversification.


INEVITABLE RECESSION, DEFINITE REBOUND

In his 10th year-end major press conference on Thursday, Russian President Vladimir Putin attributed the current economic difficulties primarily to such
external factors as falling oil prices and broadening Western sanctions on
Moscow.


The oil prices have contracted some 40 percent over the past five months, while the Organization for Petroleum Exporting Countries has so far hinted no
decline in oil output.


As a major traditional oil powerhouse, Russia has been counting nearly half of its revenue on energy exports.


Latest reports released by Russia's Central Bank showed that the country's gross domestic product (GDP) growth will slide into negative territory "with
high probability" in the first quarter of 2015.


Positive growth could be expected only by the end of 2015, while the GDP in 2016 could shrink by 0.6-0.8 percent before it bounces by up to 1.2 percent in
2017 Authentic
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 , said the reports, which were based on the oil
price of 80 dollars per barrel.


If the oil prices fall under 60 dollars per barrel, the GDP will contract by 4.5-4.7 percent in 2015, according to the central bank.


Capital outflow, which was caused mainly by the increasing Western sanctions that dealt a blow to investors' confidence, will reach 120 billion dollars in
2015 Authentic
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 , 75 billion in 2016 and 55 billion in 2017, the bank
said.


It also noted that the inflation rate was estimated to reach 10 percent this year, and will continue speeding up until the second half of 2015.


On the currency market, the ruble plunged to new lows on Dec. 16, briefly hitting 100 to euro and 80 to the U.S. dollar in Moscow trading. It has lost
nearly half of its value since March.


Putin, at the start of his three-hour press conference Authentic
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 , insisted that the economic situation was still on
the normal track, and that it would take at most two years to rebound under the
most unfavorable scenario.


He said the Central Bank and the government have so far taken "adequate" measures to stem the ruble crisis, while urging the bank to act "a half step
quicker."


The financial regulator announced Tuesday a plan to raise its key interest rate by 6.5 percentage points to 17 percent, in a bid to squeeze and lower ruble
liquidity and give accesses to foreign exchange liquidity.


Yuri Moseikin, deputy dean of Moscow's Institute of Global Economy and Business, said Putin has ground for optimism as "there is simply no fundamental
reason for the ruble's nose-diving."


Noting the current economic situation is "far from being catastrophic Authentic
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 ," the expert said it will still be difficult,
because the 17 percent interest rate suffocates Russian producers, who are
neither able to receive credits from the West, nor able to afford the domestic
credits.


"This is an uneasy choice: either to lower inflation or to deprive producers of economic stimulus," he told Xinhua.


RESTRUCTURING, REVIVAL

It's nothing new to hear senior Russian officials talking about economic restructuring Authentic
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 , yet whether to put it into practice is another
story.


Prime Minister Dmitry Medvedev said in a joint televised interview on Dec. 10 that should the economic conditions change dramatically,
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Posted 15 Nov 2018

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