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Published by it, 2018-07-26 06:42:32

Julio 26

Hacienda Digest

July 26th, 2018

Thurs July 26 Fri July 27 Sat July 28 Sun July 29 Mon July 30

PM Scattered
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Thunderstorms Thunderstorms

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Important news for important people Volume 3254 Thursday July 26, 2018
International Business Sports
Irish Foreign Minister Simon Co- General Motors cut its full-year profit Justify, who swept the 2018 Ken- Cabo San Lucas
veney said on Wednesday there was forecast on Wednesday, in part due to tucky Derby, Preakness Stakes and Blustery
“too much talk” about the possibility higher commodity costs as it ampli- Belmont Stakes to become just the Sunrise: 6:48 AM
of Britain leaving the European Union fied its warning that trade conflicts 13th horse to win US racing’s Triple Sunset: 8:05 PM
without a withdrawal... P.2 could dent US and global... P.3 Crown, has been retired... P.5 Humidity: 84% 78-82 F

It is the largest body of liquid water ever found on the Red Planet Terror-related charges
Liquid water lake discovered on Mars Turkey moves US pastor to
house arrest from prison
A massive underground lake has been neighboring planet, with NASA aim- penetrate the surface and ice caps. Turkey on Wednesday moved from
detected for the first time on Mars, ing to send explorers in the 2030s. MARSIS “then measures how the ra- jail to house arrest an American pastor
raising hopes that more water -- and This particular lake, however, dio waves propagate and reflect back who has spent almost two years im-
maybe even life -- exists there, inter- would be neither swimmable nor to the spacecraft,” said the study. prisoned on terror-related charges, in
national astronomers said Wednes- drinkable, and it lies almost a mile These reflections “provide scien- a controversial case that has ratcheted
day. deep (1.6 kilometers) beneath the icy tists with information about what lies up tensions with the United States.
Located under a layer of Martian surface in a harsh and frigid environ- beneath the surface.” Andrew Brunson, who ran a prot-
ice, the lake is about 12 miles (20 ki- ment. A team of researchers led by Ro- estant church in the Aegean city of
lometers) wide, said the report led by Whether microbial forms of life berto Orosei of the National Institute Izmir, was first detained in October
Italian researchers in the US journal could lie within is a matter of debate. for Astrophysics in Bologna, Italy, 2016 and had remained in prison in
Science. Some experts are skeptical of the surveyed a region called Planum Turkey ever since. Brunson’s law-
It is the largest body of liquid water possibility since the lake is so cold Australe, located in the southern ice yer Cem Halavurt confirmed Turkish
ever found on the Red Planet. and briny, mixed with a heavy dose of cap of Mars, from May 2012 until state media reports that his client was
“Water is there. We have no more dissolved Martian salts and minerals. December 2015. being put under house arrest, telling
doubt,” co-author Enrico Flamini, the The temperature is likely below A total of 29 sets of radar sam- AFP he would be moved from prison
Italian space agency’s Mars Express the freezing point of pure water, but plings showed a “very sharp change later Wednesday. Live pictures broad-
mission manager, told a press confer- the lake can remain liquid due to the in its associated radar signal,” allow- cast by the NTV channel in the late
ence. presence of magnesium, calcium and ing scientists to map the outlines of afternoon showed Brunson being put
Mars is now cold, barren and dry sodium. the lake. into a vehicle outside prison and then
but it used to be warm and wet. It was “This is a discovery of extraordi- “The radar profile of this area is driven away guided by a police mo-
home to plenty of liquid water and nary significance, and is bound to similar to that of lakes of liquid wa- torbike escort. The house arrest rul-
lakes at least 3.6 billion years ago. heighten speculation about the pres- ter found beneath the Antarctic and ing was issued by a criminal court in
Scientists are eager to find signs ence of living organisms on the Red Greenland ice sheets on Earth, sug- the Izmir region where Brunson was
of contemporary water, because such Planet,” said Fred Watson of the Aus- gesting that there is a subglacial lake being held. He has also been banned
discoveries are key to unlocking the tralian Astronomical Observatory. at this location on Mars,” said the from leaving the country.
mystery of whether life ever formed “Caution needs to be exercised, report. Brunson’s detention had become a
on Mars in its ancient past, and however, as the concentration of salts Researchers said they are not sure symbol of the problematic relation-
whether it might persist today. needed to keep the water liquid could how far down it goes, but that it may ship between NATO allies Turkey
“This is a stunning result that sug- be fatal for any microbial life similar be around three feet (one meter) deep. and the US, and news of his release
gests water on Mars is not a tempo- to Earth’s,” added Watson, who was “This is the first body of water it into house arrest boosted the Turkish
rary trickle like previous discover- not involved in the research. has detected, so it is very exciting,” lira, which gained almost one percent
ies but a persistent body of water The discovery was made using a David Stillman, a senior research in value against the dollar.
that provides the conditions for life radar instrument on board the Euro- scientist in the Department of Space US Secretary of State Mike Pom-
for extended periods of time,” said pean Space Agency’s Mars Express Studies at Southwest Research Insti- peo on Wednesday welcomed the
Alan Duffy, an associate professor at orbiter, which launched in 2003. tute in San Antonio, Texas, told AFP decision to move Brunson to house
Swinburne University in Australia, The tool is called the Mars Ad- in an email. arrest, but said it was “not enough”.
who was not involved in the study. vanced Radar for Subsurface and However, Stillman, who was not Pompeo said “no credible evi-
Being able to access water sources Ionosphere Sounding (MARSIS), involved in the research, said another dence” had been presented against
could also help humans survive on and was designed to find subsurface spacecraft, or other instruments, need the pastor and called on Ankara to
a future crewed mission to Earth’s water by sending radar pulses that to be able to confirm the discovery. resolve the case in a “fair” way.
Brunson still faces up to 35 years
It’s the second time vandals have damaged Trump’s star at the tourist site in jail if convicted on charges of car-
rying out activities on behalf of two
Man takes pickax to Trump’s Hollywood Walk of Fame star groups Turkey deems terror organisa-
Donald Trump’s star has dimmed in ing it at the brass-rimmed star -- one tion on Hollywood Boulevard. After tions -- one led by the US-based Mus-
Hollywood, after a suspect with a of more than 2,500 embedded in Hol- bashing the plaque, the suspect called lim preacher Fethullah Gulen who
pickax early Wednesday vandalized lywood’s sidewalks in honor of fa- police “and advised he had vandal- Ankara says was behind a 2016 failed
his plaque on Hollywood’s Walk of mous entertainment figures. ized Donald Trump’s star,” the Los coup, the other the Kurdistan Work-
Fame. Before he was elected president in Angeles Times quoted police Lieu- ers’ Party (PKK). His next hearing is
It’s the second time vandals have the November 2016 election, Trump tenant Karen Leong as saying. due to be on October 12.
damaged Trump’s star at the tourist starred as himself in “The Appren- The entire center of the star was The pastor denies the charges and
site. tice” TV reality series. hacked out, leaving only pebbles and his defence team argues the case is
ABC7 television cited witnesses Los Angeles police confirmed that dirt where Trump’s name had been built on questionable witness state-
as saying a man removed the pickax they were called about 3:30 am for a written large above a small image of ments that should never have been
from a guitar case and began swing- report of vandalism at the star’s loca- a television. brought to court.

Page 2 Thursday July 26, 2018
ECJ “There’s probably too much talk of the negative consequences of a no-deal Brexit”
Coen Brothers are surprise Irish foreign minister hits out at Brexit no-deal rhetoric
entry at Venice film fest
Offbeat American filmmakers the up preparations for the possibility of
Coen Brothers were the surprise en- no such agreement emerging.
try in the 2018 Venice Film festival Coveney said no deal “would be a
line-up, unveiled Wednesday, making failure of politics on a very signifi-
their new western a contender for the cant scale” and he does not “intend to
Golden Lion award. let that happen”.
“The Ballad of Buster Scruggs” He said the focus should be on
is competing for the coveted gong finding solutions, not taking a “tough
alongside 20 other films featuring a stance”.
raft of Hollywood stars, including “Saying ‘do your worst, we can
Ryan Gosling, Natalie Portman and deal with a no-deal Brexit situation’
Willem Dafoe. isn’t going to solve this problem,” he
Starring Tim Blake Nelson, James said.
Franco and Liam Neeson, “The Bal- The negotiations on the withdrawal
lad of Buster Scruggs” features six agreement have been stalled in re-
tales about the wild west narrated by cent months on how to avoid border
Joel and Ethan Coen. checks between Ireland and Northern
The movie is one of two westerns Ireland, which is part of Britain.
on show in Venice, with French di- Britain wants to forge its own
rector Jacques Audiard’s “The Sisters trade policy independent of the EU,
Brothers” starring Joaquin Pheonix but many experts question how this
and Jake Gyllenhaal also up for the Ireland’s Foreign Minister Simon Coveney (Photo AFP) can be done without a “hard” border
top prize. It is also one of several Irish Foreign Minister Simon Co- inappropriately the possibility. I don’t in Ireland, the only land frontier be-
films being shown in Venice to have veney said on Wednesday there was believe it’s likely, I don’t think any- tween Britain and the bloc.
been picked up by streaming service “too much talk” about the possibil- one wants it.” “What’s going to solve this prob-
Netflix. ity of Britain leaving the European He added: “Clearly for Ireland, lem is trying to accommodate Britain
The star-studded festival begins Union without a withdrawal agree- a no-deal Brexit is very bad news, in terms of its asks where possible,
on 29 August, kicking off with “First ment next March. clearly for Britain a no-deal Brexit is while understanding that the EU
Man” -- the new film from Oscar- In London for talks about the po- very bad news too.” needs to protect its interests and the
winning director of “La La Land” litical deadlock in Northern Ireland, Britain is set to leave the EU on interests of its member states,” Co-
Damien Chazelle. he conceded such a no-deal scenario March 29 next year. veney said.
The film, which stars Canadian would be “very bad news” for both The two sides want to strike a He held talks with British minis-
star Ryan Gosling, follows the life Britain and Ireland. withdrawal agreement including the ters on how to restore devolved gov-
of astronaut Neil Armstrong in the “There’s probably too much talk of outline of their future relationship by ernment in Belfast, which has been
years leading up to 1969, when he the negative consequences of a no- late October, to allow time for it to be suspended for more than a year amid
became the first man to walk on the deal Brexit,” Coveney told reporters. ratified by their parliaments. But as a row between the power-sharing
moon. “I think a lot of people are talking up talks falter, both have vowed to step parties.
Not featured in the official selec-
tion, but tipped for Oscar success, “Today what they have done has pushed Pakistan back 30 years...”
US actor Bradley Cooper’s directo-
rial debut “A Star is Born”, will also Major Pakistan party alleges vote rigging as Khan tipped for victory
be shown on the glamorous Lido di Pakistan’s incumbent party rejected In a WhatsApp message, the PML- Thursday to decide a way forward.
Venezia. early election results Thursday that N also claimed that security forces “This is complete chaos,” analyst
Cooper stars in the film alongside suggested former cricket hero Imran had taken over polling stations. Azeema Cheema told AFP.
US popstar Lady Gaga. Khan was on his way to becoming the The Election Commission’s secre- “Too many parties are making the
The two also wrote and recorded country’s next prime minister, alleg- tary Babar Yaqoob flatly denied al- claim (of rigging)... They are all say-
new songs for the film, the fourth ing “blatant” rigging. legations of vote count manipulation. ing the same things: the established
remake of the entertainment industry Shahbaz Sharif, the leader of the Shortly before Sharif spoke around rules and procedures have not been
romance classic. Muslim League-Nawaz (PML-N), midnight, state television said that followed, the army has kicked their
The movie remained in limbo for dismissed results from Wednesday’s just one fifth of the votes had been polling agents out of the polling
decades after initial shooting between nationwide poll as counting was still counted so far -- an unusually slow booths, and that they have been in-
1970-76. At the time of Welles’ death underway. count that further fuelled suspicions timidated.”
in 1985, it was far from finished, and “Today what they have done has of rigging. PTI supporters were already cel-
a complex legal battle over owner- pushed Pakistan back 30 years... We But Yaqoob said the vote-counting ebrating in cities across the country,
ship of the film -- left in a vault in reject this result,” Sharif, the brother system, which he said was untested, including Lahore, Islamabad, Mul-
Paris -- had already broken out. of Pakistan’s jailed ex-leader Nawaz had “crashed”, adding: “There is defi- tan, Karachi and Rawalpindi, with
The battle only came to an end in Sharif, told a press conference in La- nitely no conspiracy, no one wants to fireworks, dancing and reports of cel-
March 2017, when Netflix announced hore. influence the results”. ebratory gunfire.
their distribution of the film, enabling “People will not bear it,” he added. Sharif vowed later via Twitter to “Imran is honest. He is a cool lead-
a post-production team to finally The election has been marred by use “all political and legal options for er,” first-time voter Ammar Haider,
finish it nearly half a century after widespread allegations of pre-poll redressal of these glaring excesses”, 20, told AFP at a street celebration in
shooting began. meddling by the powerful military in adding that the party would meet on Islamabad.
The film is a satire of the passing favour of Khan, which saw the pro-
of classic Hollywood filmmaking and cess dubbed Pakistan’s “dirtiest elec-
the arrival of the American new wave tion”.
in the 1970s. As election workers sorted through
Presiding over the jury this year massive piles of paper ballots, other
is Guillermo del Toro, whose “The major parties including the Pakistan
Shape of the Water” bagged the Peoples Party (PPP) also alleged the
Golden Lion in 2017 before going on count was being manipulated.
to win Best Picture at the Academy “My candidates complaining poll-
Awards. ing agents have been thrown out of
In April organisers announced they polling stations across the country,”
would be honouring Canadian direc- tweeted PPP leader Bilawal Bhutto
tor David Cronenberg with its Golden Zardari, adding: “Inexcusable & out-
Lion prize for Lifetime Achievement. rageous”.

Page 3 Thursday July 26, 2018
These two effects will add $1 billion to GM costs in 2018 Wall Street Indexes
GM cuts 2018 profit forecast, says trade war could hit car sales Dow Jones
General Motors cut its full-year profit “We’re not expecting a tariff im- from the year-ago level following car International Stock Indexes
forecast on Wednesday, in part due to pact to impact the US industry in sales increases in North America and Australia
higher commodity costs as it ampli- 2018,” Stevens told reporters. China. Frankfurt
fied its warning that trade conflicts “What happens beyond 2018, I Revenues were $36.8 billion, down Italy 21,561.46 - 1.43%
could dent US and global car sales. think there’s a lot of uncertainty in 0.6 percent from a year ago. London 7,658.26 - 0.66%
GM trimmed its earnings forecast this space at this point in time. We’re GM’s North America sales contin- Madrid
from its prior range of $5.52 to $5.82 going to have to see where it lands ued to benefit from a strong perfor- Paris
per diluted share to approximately and how ultimately that impacts the mance in sport utility vehicles, pick- Tokyo
$5.14 per share. US industry and the global industry ups and other large vehicles, with key Toronto
The company cited a “significant” frankly.” Executives told financial vehicles scoring double-digit increas- Latin-American Stock Indexes
increase in commodity costs, as well analysts on a conference call that they es in sales in the United States. Bogota
as the sinking valuation of the Ar- had raised prices on some vehicles in GM also reported another round of Buenos Aires
gentine peso and Brazilian real that the US to account for higher costs but strong sales in China, where its unit Lima 20,345.99 + 0.07%
have marred its sales outlook in those that the market was “challenging” be- delivered more than 858,000 vehicles Mexico
markets. cause of competitive pressures. in the second quarter. Panama
These two effects will add $1 bil- Like other leading automakers, Several other industrial companies Santiago
lion to GM costs in 2018, the com- GM has been a vocal critic of Presi- including Whirlpool and Alcoa have Sao Paulo
pany said. dent Donald Trump’s proposed tariff cited higher costs for metals and oil- Venezuela
“It appears that the trade war Presi- of up to 25 percent on foreign ve- related commodities as a drag in the Most Active Stocks
dent Donald Trump has brought on hicles and parts, joining a chorus of second quarter. In South America, 3D Systems Corp
the auto industry -- and General Mo- industry officials in blasting the idea GM has been able to raise prices be- 3M Co
tors specifically -- has impacted earn- at a hearing last week. cause of currency hits in Argentina, Alcoa
ings,” said a note from On Wednesday afternoon, Trump which has a “hyperinflationary envi- Amex
“Announced tariffs on steel and and European Commission chief ronment,” but not in Brazil. The hope AT&T
aluminum imports caused GM’s raw Jean-Claude Juncker announced a is that Brazil’s situation will stabilize B. of America 31.07 + 0.78%
materials costs to increase, and thus, series of joint steps to defuse an es- after elections in October, executives Boeing
an increase in the price of the finished calating row between the two trading said. Stevens said GM’s performance Caterpillar
product.” blocs following a White House meet- in China bested expectations in the Chevron
GM continues to see US auto sales ing. Trump said they would “resolve first half of 2018 but that the second Cisco Systems
coming in above the solid level of 17 the steel and aluminum tariffs,” while half of the year would be tougher due Coca Cola
million vehicles for all of 2018 but Juncker said the sides would hold off to more pricing pressure from com- Exxon Mobil 83.59 + 0.70%
views the outlook for 2019 as up in on any new tariffs while talks pro- petitors and the lower valuation of the General Electric
the air in light of trade policy uncer- ceed. The biggest US automaker re- Chinese yuan. Without these efforts, H.P.
tainty, said Chief Financial Officer ported second-quarter profit of $2.4 the hit would have been $2 billion, Home Depot
Chuck Stevens. billion, which was up 44 percent they said. IBM
Johnson & Johnson
Where it recently enacted price increases due partly to US tariffs on aluminum
Coca-Cola earnings climb amid rising cost pressures Kraft Heinz Co
Coca-Cola reported higher profits Revenues fell 12 percent following The moves were in response to McDonalds
Wednesday following a stronger the sale of bottling assets to franchi- eroding consumer demand for con- Merck & Co
soda performance in its home North sees. ventional carbonated drinks due to Microsoft
American market, where it recently Results were boosted in North health and obesity concerns in the US Pfizer
enacted price increases due partly to America after Coca-Cola revamped and other markets. Procter & Gamble
US tariffs on aluminum. its Coke Zero brand and introduced “Consumers are buying more bev- Travelers Cos
Net profit at the soda giant jumped new flavors of Diet Coke, as well as erages but they are buying it because United Tech.
69 percent to $2.3 billion following smaller package sizes of soda and of diversity,” chief executive James Verizon
lower tax expenses. other beverages. Quincey said on a conference call. Wal-Mart
Walt Disney
“The decisions are unfair and will adversely affect employees and their families”
UN Palestinian agency to axe 250 jobs after US funding cuts
The United Nations agency for Pal- UNRWA’s staff union, condemned the vast majority Palestinians. Gun- this year has been described by our
estinian refugees announced Wednes- the cuts. ness’s said UNRWA was seeking commissioner general as an existen-
day it was cutting more than 250 jobs “The decisions are unfair and will to “protect core services, including tial threat to UNRWA,” he said.
in the Palestinian territories after the adversely affect employees and their education, health and relief”, and to “As we continue to pursue every
United States held back hundreds of families,” she told AFP. ensure the schools they run in the Pal- avenue of support to overcome a
millions in aid. Hundreds of people rallied outside estinian territories, Lebanon, Jordan severe financial crisis, UNRWA, its
In total, 154 employees in the oc- UNRWA’s headquarters in Gaza City and elsewhere open on time after the dedicated staff and the refugees have
cupied West Bank and 113 in the to protest against the decision to axe summer holidays. only one option: to face up to this sit-
Gaza Strip will be let go, UNRWA jobs, as the union called for a sit-in. “The decision of the US to cut uation together and preserve the most
spokesman Chris Gunness said in a One man tried to set himself on fire $300 million in funding to UNRWA important work we do.”
statement. but fellow protesters rushed to help
More than 500 other full-time staff him and put out the flames, an AFP
will be offered part-time contracts, journalist at the scene said. Foreign Exchange
the statement added. “The letters sent today are not let-
The job cuts were the first since the ters of dismissal. It is a death cer- EURO USA CAN UK AUS SWISS H.KONG JAP
US announced it would only provide tificate for us and our families,” said EURO - 1.17 1.54 .89 1.59 1.16 9.20 130.00
the agency with $60 million this year, UNRWA employee Anwar Hamad. USA .85 - 1.32 .76 1.35 .99 7.87 111.11
down from $360 million the previous The UNRWA staff union also CAN .65 .76 - .58 1.03 .75 6.00 85.00
year. called for a general strike by employ- UK 1.12 1.32 1.72 - 1.79 1.30 10.30 146.00
Gunness’s statement said the US ees to be held on Thursday in Gaza. AUS .63 .74 .97 .56 - .75 5.80 82.00
cut represented an “existential threat” The agency provides services to SWISS .86 1.01 1.33 .77 1.33 - 7.90 112.00
to UNRWA, which had been trying more than three million Palestinian H.KONG .11 .13 .17 .10 .17 .13 - 14.20
to raise the money from other do- refugees across the Middle East and JAP .01 .01 .01 .01 .01 .01 .07 -
nors. Amal al-Batsh, deputy head of employs more than 20,000 people,

Page 4 Thursday July 26, 2018
Data privacy “BRICS has the strategic potential to re-shape world trade” Distinctive shape
Facebook hammered as China’s Xi says ‘no winner’ in any trade war EU judges offer no ‘break’
user growth cools China’s President Xi Jinping on Chinese imports, complaining that to Kit Kat trademark war
Wednesday said that there would be
China’s trade surplus with the US is
Facebook shares took a hit Wednes- “no winner” in any global trade war, due to unfair currency manipulation. The European Union’s top court on
day after the world’s biggest social in a direct warning to US President Trump has already slapped levies Wednesday ordered the EU’s intel-
network reported weaker-than-ex- Donald Trump who has threatened to on goods from China worth tens of lectual property office to “reconsider”
pected user growth in the first full slap levies on all Chinese imports. billions of dollars, as well as tariffs Kit Kat’s bloc-wide trademark, pro-
quarter since being rocked by a series “A trade war should be rejected on steel and aluminium from the EU, longing Nestle’s decade-long battle
of scandals on data privacy. because there will be no winner,” Xi Canada and Mexico. to claim exclusive rights over the
The company said profit was up 31 said at the opening of a BRICS sum- “It is difficult to deny that the glob- chocolate bar’s distinctive shape.
percent in the second quarter at $5.1 mit of emerging economies in Johan- al market sentiment continues to be Nestle has been locked in a block-
billion as revenues rose 42 percent to nesburg. manipulated in large extents by the buster legal war with US rival Mon-
$13.2 billion. “Unilateralism and protectionism trade war uncertainties, which many delez, maker of Cadbury chocolate,
But shares slumped seven percent are mounting, dealing a severe blow think represent the largest risk to the over the four-fingered wafer biscuit
in after-hours exchanges after hitting to multilateralism and the multilat- world economy since the global fi- which was first sold in 1935.
record levels in official trading, with eral trading regime,” he said, with- nancial crisis,” Global Head of Cur- In a closely watched case, the
the quarterly report largely weaker out mentioning the United States by rency Strategy and Market Research European Court of Justice said the
than had been expected. “Our com- name. at FXTM Jameel Ahmad told AFP. EU’s intellectual property office
munity and business continue to grow “We are facing a choice between “The concern that South Africa must go back to the drawing board
quickly. We are committed to invest- cooperation and confrontation, be- has with the protectionist policies and revisit its 2006 to decision to
ing to keep people safe and secure, tween opening up and closed-door by President Trump at this stage, is grant Kit Kat an EU trade mark
and to keep building meaningful new policy and between mutual ben- that it is playing havoc with the local based on its shape.
ways to help people connect,” chief efit and a beggar-thy-neighbour ap- market.” Russian President Vladimir But in a break for Nestle, the Lux-
executive Mark Zuckerberg said. proach. Putin, Indian Prime Minister Naren- embourg-based ECJ did not cancel
Zuckerberg has said he did not ex- “The international community has dra Modi and Brazilian President Mi- the trade mark outright, as suggested
pect a meaningful impact from the again reached a new crossroads.” chel Temer are attending the summit, by the court’s top advisor in April,
uproar over data hijacked by political Leaders of the BRICS emerging along with several African leaders with the EU intellectual property of-
consulting firm Cambridge Analytica, economies -- Brazil, Russia, India, invited as guests. fice now tasked to re-visit the basis
but the last quarter’s figures suggest- China and South Africa -- are holding “We are concerned by the rise in for awarding the trademark.
ed some cooling. Almost all of Face- an annual three-day summit, with at- unilateral measures that are incom- “Today no one has won, no one has
book’s revenue -- $13 billion of the tention focused on the threat of a US- patible with World Trade Organisa- lost. Nestle has saved time because its
total $13.2 billion -- came from online led global trade war. tion rules, and we are worried about brand remains registered for the time
advertising, a sector dominated by At the same time, European Com- the impact of these measures,” South being,” a court source told AFP.
the California social network along mission president Jean-Claude African President Cyril Ramaphosa “But Nestle did lose a battle as it
with Silicon Valley rival Google. Juncker is meeting with US president told the summit’s opening session. would have preferred a full confirma-
Although Facebook shares were in Donald Trump on Wednesday at the The BRICS group, comprising tion of the EU Intellectual Property
a slump after the Cambridge Analyti- White House to try and de-escalate more than 40 percent of the global Office (EUIPO) decision,” the source
ca scandal broke earlier this year, the the looming trade war. population, represents some of the added.
stock had risen sharply and hit record Trump has said he is ready to im- biggest emerging economies, but it The EU’s intellectual property of-
levels this month. pose tariffs on all $500 billion of has struggled to find a unified voice. fice allowed Nestle in 2006 to trade-
mark what the court calls the “three-
“I had the intention to make a deal today. And we made a deal today” dimensional shape of the ‘Kit Kat 4
fingers’ product”.
Trump, EU’s Juncker agree to ease trade tensions This trademark has helped keep
US President Donald Trump and erating on the assumption that both farmers and businesses take a hit copycat candy-bars out of grocery
European Commission chief Jean- parties would “hold off” on further from the retaliatory measures im- stores, and punished the develop-
Claude Juncker on Wednesday tariffs. “This was a good, construc- posed to counter the raft of US tar- ment of similar treats owned by
moved to defuse the festering trade tive meeting.” iffs on steel, aluminum, and tens of Mondelez, including the Norwegian
dispute between the two major econ- The outcome seemed a big win for billions of dollars in products from favourite Kvikk Lunsj, a Kit Kat
omies, agreeing to reduce tariffs and Trump, who had assured supporters China put in place in recent weeks. doppelganger.
other barriers. The agreement, though that his confrontational trade strategy Brussels had already hit back The EU’s intellectual property of-
short on details, means Washington would bear fruit. against the metal tariffs, imposing fice “must reconsider whether the
will not follow through with a threat And although EU officials threat- punitive duties on more than $3 bil- three-dimensional shape of a ‘4 Fin-
to impose tariffs on autos, which ened immediate retaliation to any lion of US goods, including blue ger KitKat’ can be retained as an EU
would hurt German carmakers. auto tariffs, and said they would not jeans, bourbon and motorcycles, as trade mark,” a court statement said.
The pair -- who met for more than negotiation with Washington under well as orange juice, rice and corn. At issue is that the food giant spe-
two hours of talks at the White House duress, they seem to have decided to Canada, Mexico and China -- the cifically failed to provide evidence
-- also said they would work to “re- appease the irascible US leader. main target of Trump’s trade of- that the Kit Kat shape was well
solve” the existing duties on steel and “Congrats to @JunckerEU, @ fensive -- also hit back with steep enough known in Belgium, Ireland,
aluminum imposed by Washington, realDonaldTrump: Breakthrough duties on US goods, and have filed Greece and Portugal.
angering key allies including the Eu- achieved that can avoid trade war complaints against Washington at the A lower EU court “was right to
ropean Union. & save millions of jobs! Great for WTO. annul the EU’s intellectual property
“We want to further strengthen this global economy!” German Economy While the US claims the retaliation office decision, in which it concluded
trade relationship to the benefit of all Minister Peter Altmaier said on Twit- was “illegal,” the Trump administra- that distinctive character had been
American and European citizens,” ter after the talks. tion has acknowledged it is doing acquired” without including those
Trump said in an impromptu state- Trump said the US and EU had damage to American farmers, and an- countries in the case, a statement said.
ment delivered from the White House also agreed to work together to re- nounced Tuesday it will provide up to The trade mark criteria “must be
Rose Garden. form the World Trade Organization $12 billion in aid to farmers hurt by shown throughout the EU,” it said.
He said the leaders agreed to to address some of his complaints trade tariffs. Nestle has already lost a legal bid
“launch a new phase” in the relation- about China, as well as the behavior WTO Director-General Roberto in Britain -- currently an EU member
ship and “to work together towards of state-owned enterprises. Azevedo said Wednesday he is hop- state but set to leave next year -- to
zero tariffs, zero non-tariff barriers, Tensions spiked leading up to ing to “stop this trend” of growing trademark the Kit Kat shape.
and zero subsidies on non-auto in- Wednesday’s high-stakes talks. with restrictions on trade. “Today’s judgment is not final,” a
dustrial goods.” Trump sending a series of tweets A new WTO report showed global Nestle spokesperson said in an email.
In addition, the EU has made a assailing EU trade practices, while trade covered by measures to restrict “We think the evidence proves that
commitment to buy US soybeans. Brussels vowed to hit back against imports reached $84.5 billion in May the familiar shape of our iconic four
“I had the intention to make a deal any new tariffs. as compared to $79 billion in Octo- finger KitKat is distinctive enough to
today. And we made a deal today,” The US president has been facing ber, with 75 new actions imposed in be registered as an EU Trademark,”
Juncker said, noting that he was op- increasing criticism as consumers, that time period. Nestle added.

Page 5 Thursday July 26, 2018
“There was never a time when I rode him that I felt like I was going to get beat” Cycling
Triple Crown winner Justify retired from racing Colombian Nairo Quintana
wins Tour de France 17th stage
Justify, who swept the 2018 Ken- Britain’s Geraint Thomas moved a
tucky Derby, Preakness Stakes and step closer to winning his maiden
Belmont Stakes to become just the Tour de France after pushing Sky
13th horse to win US racing’s Triple teammate Chris Froome down the
Crown, has been retired from racing, standings on a 17th stage won by Co-
the colt’s connections said Wednes- lombia’s Nairo Quintana on Wednes-
day. day.
“Justify had some filling in his Thomas held an overnight lead of
ankle, and he is just not responding 1min 39sec on compatriot Froome,
quick enough for a fall campaign,” but took it to 2:31 after the four-time
trainer Bob Baffert said. “We all champion crossed the finish 1:36 be-
wanted to see Justify run again, but hind Quintana and nearly a minute
ultimately it is my responsibility to off Thomas.
make sure he is perfect. Without 60- Ireland’s Dan Martin (UAE) fin-
90 days, I can’t be definite.” (FILES) Bob Baffert who trained the triple crown winner Justify throws (Photo AFP) ished second at 28secs behind Quin-
Campaigned by WinStar Farm, with him without sacrificing them- ers’ Cup Classic, but it was not meant tana, with Thomas third at 47 and
China Horse Club, Head of Plains selves, and there was no horse who to be,” said WinStar Farm’s Elliott Slovenian Primoz Roglic (Lotto-
Partners LLC, and Starlight Rac- could come get him.” Walden. Walden said that reports Jumbo) in fourth at 52.
ing, Justify dazzled at first asking, Justify won the Belmont sporting that a possible sale of breeding rights Froome’s failure to stay with Thom-
winning his career debut on Febru- the colors of China Horse Club, af- to Coolmore Stud was in the works as in the final few kilometres of the 16
ary 18 at Santa Anita. He broke the ter taking the Kentucky Derby and were correct, but that such a deal km climb to the finish of the Col du
“Curse of Apollo” when he won the Preakness in WinStar’s silks. “won’t be finalized until a later date.” Portet amid a series of attacks by ri-
Kentucky Derby by 2 1/2 lengths on “To win the Triple Crown is an The New York Times reported in vals means the Kenyan-born Briton
May 5, becoming the first horse since amazing accomplishment,” said Chi- May that a breeding rights deal worth is in danger of finishing off the po-
Apollo in 1882 to win the Derby hav- na Horse Club’s Teo Ah Khing. “The $60 million was negotiated even be- dium. Dutch rival Tom Dumoulin, the
ing not raced as a two-year-old. history of the Triple Crown and the fore the Preakness, with the figure to 2017 Giro d’Italia champion, has now
After winning both the Kentucky difficulty of winning the three legs rise if Justify completed the Triple moved up to second place with Roglic
Derby and Preakness in wet, sloppy is not something I take lightly. It has Crown. Until he goes to the breeding up to fourth overall just 16secs be-
weather, Justify powered to a 1 3/4 been a great ride for all of us, and I shed, Justify will be on light public hind Froome. Welshman Thomas will
length victory at Belmont in June have complete confidence Bob is do- relations duty. start Thursday’s 18th stage, a mainly
to become the first unbeaten Triple ing the right thing by Justify.” He was scheduled to parade at Del flat 171 km ride from Trie-sur-Blaise
Crown winner since Seattle Slew. Justify, who retired with a 6-0 re- Mar Racetrack on Saturday to give to Pau with a 1:59 lead on Sunweb
“There was never a time when I cord and career earnings of $3.798 California fans a chance to see him team leader Dumoulin, with Froome
rode him that I felt like I was going million, will return to WinStar Farm and say farewell and fans touring in third. “It’s unfortunate Froomey
to get beat,” said jockey Mike Smith. early next month. “We all wanted WinStar in Kentucky will also be able lost time. But he’s still up there in
“There was no horse who could run him to finish his career in the Breed- to see him. the podium (position),” said Thomas,
who is taking nothing for granted yet.
Major League Soccer “Our policy is that you stand for the anthem, toe on the line” “I’m feeling good, but I’m not go-
Vancouver star Davies joins Cowboys owner says players will stand for anthem ing to get carried away. I will keep
refuelling, eating and drinking as best
Bayern in record deal Dallas Cowboys owner Jerry Jones “sons of bitches” who were insulting I can and not let any complacency
the flag, the US military and the na-
said Wednesday his players would be
creep in.” Froome appeared to abdi-
Vancouver Whitecaps starlet Alphon- expected to stand for the US national tion. The remarks prompted a wave cate his crown when he tipped his hat
so Davies has joined Bayern Munich anthem this season but described of kneeling protests across the league to Thomas at the finish.
in a record-breaking $13 million deal, President Donald Trump’s frequent last September, angering some fans “I’ve won the last three Grand
the highest transfer fee ever paid for interventions on the subject as “prob- and placing several conservative, Tours I’ve done now... but I’m still
a Major League Soccer player, it was lematic.” Trump-supporting team owners in an going to try and fight for the podium
confirmed on Wednesday. Speaking as the Cowboys opened awkward position as NFL television and try and obviously keep G up
Davies, who turns 18 in Novem- their training camp in Oxnard, Cali- ratings dropped. there in yellow,” he said.
ber, has signed a contract which runs fornia, Jones said the team had a pol- In an attempt to defuse the issue “But we have to keep on fighting.”
from January 2019 until June 2023, icy to stand during renditions of “The ahead of the 2018 season, the NFL in Tour organisers introduced inno-
the two clubs confirmed. Star-Spangled Banner.” May announced a new policy which vation with the top 20 placed riders,
The Whitecaps said the deal could “Obviously I wouldn’t dare speak required players on the field to stand much like in Moto GP, starting on a
be worth up to $22 million if certain for any of the other owners, but as for the anthem. However players had grid according to their times in the
targets are met. US media reports said far as the Dallas Cowboys are con- the option of remaining in the locker general classification.
Bayern had paid a $13 million trans- cerned, you know where I stand and room. At only 65 km long -- a nod to the
fer fee for the winger. our team knows where I stand on the The NFL backed away from that number of the French department
“As a kid, I always dreamed of a issue,” Jones told reporters. position last week however following featuring the start and finish (65) --
moment like this,” Davies said in “Our policy is that you stand for a challenge from the players union. and with three punishing climbs, a
a statement. the anthem, toe on the line.” Some team owners had already spectacular day of racing looked to be
“Now that the dream has come The National Football League and said they would not punish players on the menu. But when it came to ri-
true, the work continues as always. I the NFL Players Association last who protested. val teams trying to loosen Sky’s grip,
have to keep pushing and keep striv- week said they had reached a “stand- That in turn prompted Trump to re- it was the same old story.
ing, and also keep being me on the still agreement” on the anthem issue, turn to the subject on Twitter, calling An early breakaway sparked by
field. Ever since I joined the ‘Caps declaring that no new rules would be for players who did not stand for the Estonian Tanel Kangert (Astana) and
when I was 14, they molded me put in place while confidential talks anthem to be suspended without pay. ‘King of the Mountains’ Julian Ala-
throughout the years into the pro that were ongoing. “The NFL National Anthem De- philippe eventually came to nothing,
I’ve become.” Davies will play the Protests in which players kneeled bate is alive and well again - can’t be- although the Quick-Step rider picked
remainder of the MLS season before during the anthem -- first launched lieve it!,” Trump tweeted last Friday. up 18 precious points for his polka
joining Bayern in January. by San Francisco 49ers quarter- “Isn’t it in contract that play- dot jersey. Quintana overcame two
The transfer is the latest step on a back Colin Kaepernick in 2016 to ers must stand at attention, hand on mechanical problems early in the
remarkable rise for the teenaged Ca- highlight racial and social injustices heart? The $40,000,000 Commis- race, when he twice had to chase back
nadian international. Davies was born -- put America’s most popular sport sioner must now make a stand. First to join the peloton.
in a refugee camp in Ghana in 2000 at the center of a political firestorm time kneeling, out for game. Second When Martin attacked at the foot
after his parents fled fighting in the last year. This came after Trump time kneeling, out for season/no of the final climb, Quintana was
second Liberian civil war. described players who took part as pay!,” he wrote. quickly on his wheel.

Page 6 Thursday July 26, 2018

The aim of the game is to fill a 9x9 grid (81 squares) that is subdivided into 3x3 “sub-squares, with each of the numbers one through nine, besides
the ones that are already filled with numbers.
The rule is that each number appear only once per row, once per column, and only once per sub-square. It is rather easy to solve, in fact no math-
ematical knowledge is required. The solutions are indicated below.
Have fun!

Beginners Advanced
9 1 5 3 7 2 5 3 6

8 1 2 6 7 1 6 9

5 8 7

3 8 2 6 2 9 4

7 6 8 2 9 3 5 1 1 2 3 3 4 5 6 8 7
8 9 10
9 5 4 7 11 12 4 13 9 5
14 15 16 17
7 1 1 18 19 20 21
22 23 24
5 1 4 9 3 9 5 8
25 26 27
28 29 30
4 1 6 3 9 8 4 8 6
31 32 33 34
35 36

1 2 3 4 5 6 7
1 Legend 1 Kilogram
8 9 10
4 Baseball referee 2 Railroad track
8 Slick 3 Shrill bark
11 12 13 10 Education (abbr.) 5 Asteroid like
11 Swing 6 Paid (abbr.)
14 15 16 17 13 Hive dweller 7 29,028 ft. mountain
14 Providence locale 9 Public transportation
16 Trim sheep 12 Bandit like
18 19 20 21
18 Artist's creation 13 Soft cheese
20 Salt addition 14 Fled (2 wds.)
22 23 24 22 Closer 15 Wrath
24 Aurora 17 Advertisement
25 26 27 25 Famous brand of blue jeans 19 Baby powder
27 New England state 21 Second to last mo.
28 Football conference 23 Rupee (abbr.)
28 29 30
29 Yucky 26 Air
31 We 30 Affirmative
31 32 33 34
32 Time period 31 2002 Winter Olympics locale
35 Young people 33 Actinium (abbr.)
35 36 36 Air Cushion Vehicle (abbr.) 34 Recreational vehicle (abbr.)
Fold Fold

ACROSS 7 3 9 8 5 4 9 2 1 3 6 5 1 7 4 8 2 6 DOWN 7 3 1 7 6 8 2 5 3 6 8 9 2 4 A C V Y E A R U S Y O U T H S A DEDICATED PRESS sales
[email protected]
1 Legend 5 3 9 1 2 4 8 6 7 7 1 Kilogram 6 1 4 9 E O S N E A R E R (52)5555726129
[email protected]
4 Baseball referee 1 7 2 6 9 8 4 3 5 2 Railroad track 5 6 R I O D I N E S H E A R A R T R I Information Source:
Agence France-Presse (AFP)
Printed and distributed locally in each hotel.
8 Slick 9 1 6 8 4 2 5 7 3 3 Shrill bark 3 9 6 5 B E E P U T T All rights reserved.
Reproduction in whole or in part by any printed
or electronic without permission of the publisher.
10 Education (abbr.) 8 2 7 3 5 1 6 9 4 6 5 Asteroid like 4 7 1 U M P I R E K E Y
11 Swing 6 Paid (abbr.) Solution:
13 Hive dweller 7 29,028 ft. mountain
14 Providence locale 9 Public transportation
16 Trim sheep 12 Bandit like
18 Artist's creation 13 Soft cheese
20 Salt addition 14 Fled (2 wds.)
22 Closer 15 Wrath
24 Aurora 17 Advertisement
25 Famous brand of blue jeans 19 Baby powder
27 New England state 21 Second to last mo.
28 Football conference 23 Rupee (abbr.)
29 Yucky 26 Air
31 We 30 Affirmative
32 Time period 31 2002 Winter Olympics locale
35 Young people 33 Actinium (abbr.)
36 Air Cushion Vehicle (abbr.) 34 Recreational vehicle (abbr.)


SPA RESERVATIONS EXTENSION 5600 Open Daily 7:00 am – 7:00 pm

A visit to the Spa at Hacienda Beach Club and
Residences is a journey into a world of sensation, Sunburn Recovery Treatment
beauty and balance. The Spa’s serene desert This wonderfully soothing and cooling
garden environment creates an atmosphere of
luxury with a sense of place and invites guests to treatment is a welcome relief for sun
relax while restoring a connection with the natural exposure or the desert heat. Aloe Vera is well
rhythms of life. Poised amid the historic known for it healing restorative effects, great
architecture and traditional decor of Hacienda, for dehydrated or sunburned skins. The
and the vibrant colors and textures of Cabo San
Lucas, the Spa offers a peaceful haven for physical, treatment includes a full facial with organic
mental, and emotional renewal. Aloe with cool marble stones to help reduce
any inflammation, and simply please all the senses.
Fitness Class Schedule 80 min $165 USD + TAX
Fitness Center 6 am – 9 pm daily
Each of our cardio stations is equipped with a Spa Manicure & Spa Pedicure
television. We supply headphones, towels and bottled
water for your visit. Maintain your fitness regimen or start
a new one with guidance from our personal trainers! These treatments include cleansing and massage of the hands and feet,
exfoliation, masque, nail shaping, cuticle conditioning, application of emollient
balm and polish.
Monday, July 23rd 45 & 60 min $ 50 & 75 USD + TAX
Yoga: 8:00 am – 9:00 am
Glutes, Abs & legs : 9:30- 10:30 am

Tuesday, July 24th
Reformer Pilates: 10:30 am – 11:30 am
Hacienda Spa Cafe
Wednesday, July 25th
Boot Camp Training: 8:00 am- 9:00 am The Hacienda Spa Café is available daily
Yoga: 10:00 a.m- 11:00 a.m serving a selection of healthy snack foods,
beverages and freshly-made smoothies. Let
Thursday, July 26th the Café create a smoothie to your taste or
Glutes, Abs & legs : 9:30- 10:30 am choose from our Smoothie menu. The Café
Mat Pilates: 10:30 am – 11:30 am offers Wi-Fi service. Boost Your Energy, enjoy
our delicious Power Peanut Protein Shake!

Friday, July 27th Adjacent to the Spa Café you can practice and improve your golf game on the
Functional Training: 8:00 am – 9:00 am putting green. Putters and golf balls are available at the Spa Café.
Reformer Pilates: 11:00 am - 12:00 pm
Open Daily 7:00 am – 3:00 pm
Saturday, July 28th
Yoga: 10:00 a.m- 11:00 a.m Hacienda Spa Boutique

Sunday, July 29th
Boot Camp Training: 8:00 am –9:00 am Luxurious beach clothing , sunglasses, jewelry,
Spinning: 9:30 am – 10:30 am hats and bags, sunscreen, sundries,
aromatherapy products and gifts are available
Private classes at our boutique.
Hacienda Spa offers personal training classes
upon request.

Hacienda Spa & Fitness Center

Group Fitness Class Schedule
July 23 to August 5

Monday, July 23 Monday, July 30

Yoga: 8:00 am – 9:00 am Yoga: 8:00 am – 9:00 am

Glutes, Abs & Legs: 9:30- 10:30 am Glutes, Abs & Legs: 9:30- 10:30 am

Tuesday, July 24 Tuesday, July 31
Reformer Pilates: 10:30 am – 11:30 am Reformer Pilates: 10:30 am – 11:30 am

Wednesday, July 25 Wednesday, August 1

Boot Camp Training: 8:00 am- 9:00 am Boot Camp Training: 8:00 am- 9:00 am
Yoga: 10:00 am- 11:00 am Yoga: 10:00 am- 11:00 am

Thursday, July 26 Thursday, August 2

Glutes, Abs & Legs: 9:00 am - 10:00 am Glutes, Abs & Legs: 9:00 am - 10:00 am

Mat Pilates: 10:30 am – 11:30 am Mat Pilates: 10:30 am – 11:30 am

Friday, July 27 Friday, August 3

Functional Training: 8:00 am – 9:00 am Functional Training: 8:00 am – 9:00 am
Reformer Pilates: 11:00 am - 12:00 pm Reformer Pilates: 11:00 am - 12:00 pm

Saturday, July 28 Saturday, August 4

Yoga: 10:00 am – 11:00 am Yoga: 10:00 am – 11:00 am

Sunday, July 29 Sunday, August 5

Boot Camp Training: 8:00 am –9:00 am Boot Camp Training: 8:00 am –9:00 am

Spinning: 9:30 am – 10:30 am Spinning: 9:30 am – 10:30 am


Hacienda Spa offers personal training classes upon request.
(Fitness classes for ages 16 and up) Hacienda Spa Ext. 5600


July 1 , – October 31 , 2018
Preferred Rates USD Cabo Real Campestre San José Puerto Los Cabos
Individual Rounds Public Public Public

18 Holes $180.00 $145.00 $140.00 $115.00 $210.00 $170.00
Twilight 12:30 pm $125.00 $100.00 $100.00 $80.00 $150.00 $120.00
Includes Food & Beverages
Rates per foursome $480.00 $420.00 $580.00
(*No time restriction) Includes Food & Beverages


$260.00 USD $345.00 USD $525.00 USD

• Rounds may be played at any of our three golf courses
• Each pass used at Puerto Los Cabos will incur a $20 USD surcharge due to all- inclusive food and beverage
• Golf pass is personal, non-transferable.
• Golf Pass is valid for 14 days, once initial round is played

All rates and promos are valid up to 12 golfers. Group service fee will apply to all groups larger than 12.

Click to View FlipBook Version