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Cops Probe 4 Long Island Home Invasions in 1 Week

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Nassau and Suffolk County police are investigating four home invasions in the past week, including a case in which a suspect allegedly broke into the same home twice in two days.Faisal Zeeshan was charged with first-degree burglary for breaking into an apartment in Pulaski Road in Kings Park while armed with a knife and demanding property from the victims inside at 3:40 a.m. Nov. 14 and 5:11 a.m. Nov. 15, police said.The 27-year-old Central Islip man struck a victim in the face with the end of the knife in one instance, police added. Zeeshan was arrested Sunday and will be arraigned Monday at First District Court in Central Islip. There was no description of a second suspect believed to be involved in the second case.Then, at 4:45 p.m. Friday, four people broke into a home on Meadow Road in Smithtown, attacked a victim and stole a cell phone and purse, police said. There were neither any arrests nor descriptions of the suspects in that case.Most recently, two men armed with handguns knocked and the door of a North Bellmore home and forced their way inside when the victims answered at 12:25 a.m. Monday, police said.The duo demanded property from the 29-year-old man, a 22-year-old woman and their 2-year-old child while ransacking the apartment, police said. The assailants then fled the scene empty handed. There were no reported injuries.Both suspects in that case were described as black men wearing black pants. The first suspect was described as 5’10” tall and heavyset wearing a red baseball hat and burgundy hooded shirt. The second suspect was described as having a thin build and wearing a ski mask white Jordan sneakers.Nassau’s First Squad detectives ask anyone with information about this crime to contact Nassau County Crime Stoppers at 1-800-244-TIPS. All callers will remain anonymous.last_img read more

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Norway’s SWF makes 14% in 2017 after EM equities soar

first_imgCredit: Rachel FixsenYngwe Slyngstad address reporters in OsloIn terms of geographical allocation within equities, NBIM said the UK was the GPFG’s second largest single market with 9.7% of its equity investments. US equities accounted for 36.1% of the fund’s equity holdings.Asked at a news conference in Oslo this morning whether developments in the Brexit discussions and negotiations would affect this allocation, Slyngstad said they would not.“We remain a long-term committed investor to the UK in all asset classes and we have a substantial portfolio of real estate in the UK, and this will remain at about the same level no matter what the result of these political discussions,” he said.The GPFG’s investments in the UK stockmarket were primarily in large companies with a global footprint, Slyngstad added.At the end of 2017, the fund had grown to NOK8.49trn, from NOK7.51trn at the end of 2016.The Norwegian government withdrew a net NOK61bn from the fund in 2017, compared to the NOK101bn it took out the year before. The first withdrawal ever from the fund was in January 2016, when the state took out NOK25bn. Investment returns nearly doubled last year for Norway’s sovereign wealth fund, boosted in particular by the strong performance of its emerging markets equities investment.Releasing the fund’s 2017 annual report, Norges Bank Investment Management (NBIM), which runs the NOK8.5trn (€881bn) fund, said it made a 13.7% return on investments last year, up from 6.9% the year before. Yngve Slyngstad, chief executive of NBIM, said: “The fund’s cumulative return since inception has passed NOK4trn. A quarter of that return was generated in 2017, after a very good year for the fund.”Equities produced a 19.4% return for the Government Pension Fund Global (GPFG), up from 8.7% in 2016. Within this, emerging markets equities produced a 28.7% return, up from 13.2% in 2016. “The return was particularly strong in large Asian markets, most notably China and India,” NBIM said in the report.Emerging markets, including frontier markets, accounted for 11% of the fund’s equity investment at the end of 2017, the manager said.NBIM is in the process of increasing the GPFG’s exposure to equities, after the government decided a year ago to lift the allocation to 70% of the fund.At the end of December, the equities allocation was 66.6% of the fund, compared to 62.5% of the fund at the end of 2016.Fixed income, meanwhile, generated 3.3%, down from the 4.3% return for the asset class produced in 2016. Unlisted real estate investments returned 7.5%, up from the 1.7%.Norges Bank confident over UK allocation despite Brexitlast_img read more

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Bianchi Family to Launch Legal Action against FIA, FOM

first_imgThe family of Jules Bianchi is launching a legal action against the sport’s world governing body the FIA, Marussia and Formula One Management following his fatal crash at the 2014 Japanese Grand Prix.Bianchi died on July 17 last year, nine months after he crashed into a recovery vehicle at the rain-soaked Suzuka race. He was the first F1 driver to die as a result of injuries sustained at a race weekend in more than 20 years. The statement released by Stewarts Law read: “The family of Formula One racing driver, Jules Bianchi, has today announced they plan to take legal action in England relating to the fatal head injuries Jules Bianchi sustained in a violent collision with a mobile crane at the Japanese Grand Prix in Suzuka, 2014.“The letters (to the FIA, Marussia and Formula One Group) explain why the Bianchi family feel the actions of one or more of those parties, amongst others, may have contributed to Jules’ fatal accident and invite them to accept that errors were made in the planning, timing, organisation and conduct of the race which took place in dangerous conditions during the typhoon season in Japan.“As a family, we have so many unanswered questions and feel that Jules’ accident and death could have been avoided if a series of mistakes had not been made.”Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more

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