German companies offered around seven percent less vocational training places year-on-year due to the impact of COVID-19, according to a company survey published by the Association of German Chambers of Industry and Commerce (DIHK) on Thursday.
“Despite many creative approaches on the part of companies, the number of vocational training places on offer in this coronavirus year will be lower than in 2019,” according to DIHK. Many application processes had come to a standstill and recruitment was often delayed.
Although every fourth German company would conduct job interviews via video and telephone conferences due to the contact restrictions implemented to dampen the spread of the COVID-19 pandemic, DIHK assumed that processes were delayed by two to three months.
“Many companies are currently forced to drive on sight,” commented DIHK deputy director Achim Dercks. “They are therefore also thoroughly rethinking their training decisions and postponing them if necessary.”
Furthermore, a deterioration of the economic situation had already become apparent in autumn 2019, particularly in parts of the German industry, “so that companies had already made adjustments here before the coronavirus pandemic,” Dercks added.
Already in May, German officials, industry representatives and trade unions agreed on measures to “cushion” the impact of the coronavirus crisis on the vocational training in the country. German companies that maintain or even increase the number of training places receive a one-off premium.
Also, German companies that take on trainees from bankrupt companies were to receive a temporary employment bonus, according to the Federal Ministry for Economic Affairs and Energy.
China’s Qingdao appoint Wu as head coach to replace Machin
Promoted Qingdao had terminated the contract of former Sevilla and Espanyol boss Machin last month after one of his relatives had tested positive for COVID-19, preventing the Spaniard from travelling to China to take up the job.
The club confirmed the appointment of Wu in a post.
Wu, who has had multiple spells as Shanghai boss, guided the team to the Chinese FA Cup title in 2017 and was appointed their technical director the following year.
The 59-year-old has also managed Zhejiang Greentown and had a brief stint as Shandong Luneng caretaker boss in 2012.
Edited By: Chioma Ugboma/Maharazu Ahmed (NAN)
APC UK optimistic of Diezani’s prosecution by British Government
The All Progressives Congress (APC), UK chapter, says it has received favourable response from the British Government to prosecute former petroleum minister, Diezani Alison-Madueke and other Nigerians suspected of fraud, bribery and corruption offences, living in the United Kingdom.
According to a statement signed by Mr Jacob Ogunseye, the APC UK Publicity Secretary, issued on Tuesday in Abuja, the assurance was given by British Minister of State for Security, James Brokenshire.
In the statement made available to the News Agency of Nigeria , the British government also promised to help Nigeria fight corruption to a standstill.
It said Brokenshire’s promise followed a petition initiated by the APC UK legal department to the British government on the need to prosecute the former petroleum minister and other Nigerians suspected of fraud, bribery and corruption.
The statement said the petition was sequel to a plea by Ibrahim Magu, former Chairman of the Economic and Financial Crimes Commission (EFCC) at a virtual meeting before his suspension.
It said that Magu had appealed to Nigerians in Diaspora to assist the commission in putting pressure on the British government to repatriate the former minister to Nigeria to answer charges against her.
It said the APC UK legal department took up Magu’s challenge by initiating a legal process reminding the British government of Alison-Madueke’s arrest on October 2, 2015 by its National Crime Agency (NCA) in London.
It recalled that Alison-Madueke was arrested along side four other persons on suspicion of bribery and corruption offences, but was released on bail.
The statement said the department also demanded for a speedy trial of the former petroleum minister in the UK or in the alternative, facilitate her immediate repatriation to Nigeria to face graft charges.
The statement quoted Mr Ade Omole, leader of the chapter, as saying that a fair trial as enshrined in Article 6 of the Human Rights Act would be followed if Madueke was repatriated to Nigeria to face trial.
“APC UK supported the legal process with petitions through Members of Parliament and Peers in the House of Lords, the British Government was left with no choice but respond promptly to the issues raised.
“The British government responding through its Minister of State for Security, Rt. Hon. James Brokenshire, promised to work with the Federal Republic of Nigeria in ensuring that corruption is fought to a standstill and persons involved in criminal acts are duly prosecuted,” Omole said.
He added that the response from the British government was a strong indication of good things to come regarding suspects hibernating in the UK.
He stressed that the APC in UK had a good strategy and dedicated legal team that would ensure that looters did not commit crime in Nigeria and run to the United Kingdom to hide.
He said Nigerians should expect some traction on the near comatose criminal case involving the former petroleum minister going forward.
The statement quoted Brokenshire, as saying that: “The UK is continuing to lead international efforts to combat corruption, as evidenced by the commitments in the UK’s Anti-Corruption Strategy and the Economic Crime plan.”
He said the UK was determined to ensure that its society and economy remained hostile to illicit financial flows.
“As you will know, in 2018 the Financial Action Task Force assessed the UK as having the strongest controls of any country assessed to date.
“I am acutely aware of the negative impacts of grand corruption, including on developing countries.
“The International Anti-Corruption Coordination Centre, hosted by the NCA, is working to recover stolen assets, share intelligence across jurisdictions, and build capacity to support grand corruption cases in developing countries,” he said.
He added that the centre had supported a number of high profile arrests involving politicians and public officials across the world.
“We are working closely with the government of Nigeria to prevent corruption, including providing support in-country.
“The NCA runs a number of multi-agency projects in Nigeria which target corruption as one of the threats to the UK,” Brokenshire said.
According to him, these projects provided specialist training, equipment, buildings and infrastructure.
He said it also provided UK-based mentors and intelligence to fight corruption at all levels, adding that the Department for International Development funds programmes to tackle corruption in the Nigerian public sector and oil industry.
Brokenshire assured the APC UK of UK’s commitment to combating corruption in Nigeria and other African countries.
Edited By: Chioma Ugboma/Maharazu Ahmed (NAN)
BP posts second-quarter post-tax loss of $16.8bn
Global energy giant BP on Tuesday reported a post-tax loss of 16.8 billion dollars in the second quarter amid lower oil prices and writedowns.
The loss compared to a post-tax profit of 1.8 billion dollars in the April to June period a year ago.
The company said that costs for writedowns of inventories and exploration charges weighed heavily on the results.
“These headline results have been driven by another very challenging quarter, but also by the deliberate steps we have taken as we continue to reimagine energy and reinvent BP,” chief executive Bernard Looney said.
By the end of decade, Looney said BP would be investing around 5 billion dollars in low-carbon projects a year, and during the same period expected daily oil and gas production to drop by 40 per cent from 2019 levels.
The company said it would cut its dividend payout for the first time since the Deepwater Horizon oil spill in the Gulf of Mexico in 2010.
Shareholders were to receive 5.25 United States cents per share, compared with the previous quarter’s 10.5 United States cents per share.
Edited By: Emmanuel Yashim (NAN)
Revival of ailing industries will strengthen currency -Expert
Mr Promise Amahah, an economic expert says revamping ailing industries and economic diversification in the country will help to strengthen the value of the Naira among world currencies.
He advised the Federal Government to also sustain the tempo in its diversification drive in different sectors of the economic to further boost the economy.
“The fall of the Naira did not just happen overnight. When Naira was stronger was when we had Peugeot Automobile Nigeria, Volkswagen Nigeria, Dunlop Nigeria Ltd, Michelin Nigeria, Bata and Lennards.
“Our Naira had value when we had Nigerian Airways, Steel Rolling Mills; Osogbo Steel Rolling Mill, Ajaokuta steel, Arewa Textile Mill, BEREC Batteries, General Motors and Kingsway among others,” he said.
Amahah, who is the Chief Executive Officer of Strategy Worth and Technology (SWAT), lauded Federal Government for its move to revive Ajaokuta Steel Company.
The expert said the commitment by the Central Bank of Nigeria to revive Nigerian Cotton Textile and Garment industries was the right step in the right direction.
Edited By: Ismail Abdulaziz (NAN)