Singapore final for CPL?

first_imgBRIDGETOWN, Barbados, (CMC):Singapore has emerged as an option to host this year’s Caribbean Premier League finals if no viable alternatives are forthcoming from the region, organisers have revealed.To date, the finals of the Twenty20 tournament have never been staged outside of the Caribbean but CPL chief executive officer, Damien O’Donohue, said the government of the glitzy Asian city-state had put forward a bid to host the play-off matches.”We have an approach from the government of Singapore to look at possibly hosting the finals there. It will be a huge step and one that I would only want to look at as a last resort,” the Irishman told the Nation newspaper here.”They have a new cricket facility that is absolutely world class and they saw that we took the game successfully to the US, and made an approach to see if we could consider taking the games, especially the finals to Singapore.”That’s the thing about these franchise leagues. You can take the games and move them around.”The CPL is in its fifth year following its debut season in 2013, and has morphed into one of the most exciting T20 tournaments on the global calendar.So far, it has managed to attract superstars like South Africans AB de Villiers and Dale Steyn, along with Sri Lankans Mahela Jayawardene and Kumar Sangakkara.However, O’Donohue said the tournament was yet to turn a real profit, and staging the finals in Singapore could be a huge step towards monetising the entity.hugely important”For us, the Indian market is hugely important . for Singapore, it would open us up to the Indian market,” O’Donohue explained.”Taking the finals there would be a big step and negative step for CPL because it is a Caribbean tournament and it is the Caribbean that makes it so special.”He continued: “At the end of the day, we have invested a massive amount of money into the CPL. It continues to require more investment. We thought we’d break even last year. We haven’t done so yet.”We need to look at other options if Caribbean countries cannot come up with the deals that are required to hold some of these games.”The CPL is set to be staged from August 1 to September 9 and will once again feature six franchises – Barbados Tridents, Guyana Amazon Warriors, reigning champions Jamaica Tallawahs, Trinbago Knight Riders, St Kitts and Nevis Patriots and St Lucia Zouks.For the first time last year, matches were staged outside of the Caribbean when Central Broward Regional Park in Florida, United States was used as a venue for some preliminary games.last_img read more

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Liberia’s Staggering Macro-economic Woes

first_imgPolicy MotivationEconomic activities remarkably expanded in Liberia, averaging seven to eight percent growth rate over the last five years, but inherent supply-side risks are eroding the gains. Existing economic indicators of spiraling inflation, depreciating exchange rate and diverse fiscal constraints are imminent economic challenges requiring wide range of policy debates and discussions to elicit pragmatic solutions. Sustaining the growth calls for pragmatic policy actions from all strategic fronts to help mitigate ‘economic waste’ and redirect resources to productive sectors. Thus, this commentary seeks to provide a synopsis on monetary and fiscal implications of the supply-side constraints (i.e, factors that inhibit economic productivity).Supply-side and Monetary issuesLiberia’s inept ability to handle supply-side constraints is mounting the inflationary pressure. In the face of weak external demand for Liberia’s exports and escalating price of fuel, the current macroeconomic imbalance is hurting all facets of the economy. The existing structural constraints, coupled with fragile fiscal and monetary coordination, are indicative of a threat to any strong macro-economic fundamentals (high foreign reserve, domestic savings, investments, etc), which are essentially vital for a sustained resuscitation of the real sectors. Stepping up effort to improve competitiveness of exports and promote agricultural activities would tame inflation by checking on the rising prices of food. The foregoing is suggestive that monetary phenomenon, as perceived by few stakeholders, may not be the main inducement of the persistent rise in prices, rather supply-side remains the pacemaker of our staggering economy.However, the general perception appears that the monetary authority’s financial inclusion program of advancing finance to the ‘vulnerable’ businesses is influencing inflation, while others attribute the inflationary pressure to the depreciation in exchange rate, which is partly acceptable. Despite the relative exchange rate stability enjoyed in most of 2012, the economy was still exposed to inherent risk of potential depreciation in the exchange rate and high inflation due to sluggishness in priority investments to ease infrastructural constraints for a thriving real sector. In addition, the persistent current account deficit is mainly ensuing from high importation of goods (especially food and fuel) and the failure of the real sector to generate adequate foreign exchange. All of these have made the public uncertain of how long the various policies undertaken will go to dis-inflate and stabilize the economy. Aside from other external shocks, the wide spread between the exchange rate in banks and forex bureaus is underpinning an expanding parallel market that could likely increase transactions outside the banks and support inflation. Inward remittances are likely on a downward trajectory potentially due to the drawing down international staff (especially UNMIL) and slowing foreign aid. This phenomenon directly implies a high demand for dollars; the propagatory effect is leading to pass-through effect to rising prices. So, what is the policy fallback to narrow this gap?It is understandable that increased economic uncertainty provokes monetary authority to be discretionary in using unconventional monetary policy to stimulate output in Liberia. Based on the weak supply response, the monetary authority’s action of not instituting an expansionary policy is strategic, because it may influence higher inflation if production does not respond favorably to money growth. So, the current policy path of the monetary authority to support smallholders seems appropriate because of the limited interest of other financial institutions in small holders, which are the main springboard for livelihood by many downtrodden in Liberia today. The low cost credit to them (small holders) would help to boost domestic production and potentially ease the burden of inflation. The effectiveness of this policy however depends on whether significant portion of the exposures is directed at domestic activities in agriculture, furniture or other local-made products, instead of re-enforcing the high importation of goods that is already subduing the economy. In any case, a key socioeconomic implication of the policy is a reduced financial struggle on economic agents, who may use portion of the investment returns to meet other payment needs (school, rent, medical, transport, etc), including food, which are the main absorbers of low-income  households’ incentives in Liberia.Perennial intervention to contain build-up in the exchange rate pressure is also an indication of necessary utilization of monetary instrument in the short term, but it is not sustainable. The intervention mechanism, often counteracted by capital outflows and sometimes ‘public hoarding’ of foreign currency in the economy, is likely complicating the economic stability. The need to partly offset the trade deficit via other capital inflows is vital to further contain exchange rate variability. Interestingly, this would ensure that the stability of the exchange rate vis a vis the demand for United States Dollars (USD) is not as badly out of balance as the supply. The Treasury bill regime (recently launched) is a worthy monetary venture for the medium to long term to control liquidity and ease some of the imbalances, but massive education and sensitization are required to make it more effective. In addition, de-dollarization effort in terms of payments of salaries and other domestic transactions in Liberian dollars ought to be re-enforced to relieve the operational challenge on monetary policy.Fiscal policy and supply-side issuesTax mobilization has inched up, but fiscal policy still needs sound rethinking to strengthen effort in tackling development priorities that would remove supply-side bottlenecks. Increasing demand for recurrent expenditures has implications for budget deficit that propels inflation via its (deficit) financing. Given the financial constraints of the giant economies to assist Liberia with budget or program support, domestic window would remain thin to offset any budgetary shortfall. Thus, intention to raise the planned budget by more than 25% (cumulative) over the last three years may have been good, but risky due to donor fatigue and non-automation of revenue collection mechanism to ensure accuracy of revenue forecast. Thus, instituting expansionary fiscal policy without a tactful monetary policy remains a huge risk, given the perennial budget deficits endured over years.Realization of middle income cannot thrive on waste of resources and high consumption economy without sustained emphasis on production. In 2010, I stressed this point in one of my commentaries that Liberia should be wary of persistent salary increment because of the country’s limited and poor social infrastructure for earners to spend the income, fiscal difficulties of donors’ countries to support budgetary gap and the implication of increased taxes to finance the salary rise. It seems we are gradually feeling the pinch of ‘money illusion’, where households’ salaries are rising in nominal terms, but low in terms of value to venture into the market. Weak social infrastructure (school, hospitals, transportations, etc) is a reflection of high cost for the low income earners to access quality services, domestically. Fixing the macroeconomic problems, the legislature and the executive arm of government ought to understand these fundamentals that any percentage change in salary on the upward horizon puts huge pressure on the fiscal to source the fund and the monetary authorities to accommodate potential budgetary gap.Perhaps, expected returns from domestic resources such as diamond, gold, iron ore,  royalty from oil etc are motivating factors behind the increasing incentives of public workers. Let’s understand again that non-tax income, especially the ones emanating from mineral resources are non-deterministic in many perspectives (price fluctuation, low demand, resource depletion, etc), and therefore not a good instrument to consider for increasing the budget. Unless the country has stabilization fund where fixed proportion from mineral income is saved periodically for intervention, direct inclusion of all natural resource income into the budget is a high risk that we have often endured.ConclusionIn concluding, the existing macroeconomic imbalance could haunt Liberia in the short and medium term if macroeconomic policy efforts are not urgently pursued by fiscal and monetary authorities in their actions to reduce supply-side constraints, and to consider adoption of ‘inflation targeting lite’ in the medium term, which would obligate both authorities to control inflation. In the short term, fiscal effort should entail rapid reduction of expenditure wastes, while the monetary should continue to keep interest rate low/steady and prioritize local-made business ventures in its financial inclusivity program.About the AuthorDukily is a senior economist at the West African Monetary Agency (WAMA) based in Freetown, Sierra Leone. The views expressed in this commentary do not represent WAMA.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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The Current and Future Roles of the IT Department (A Repeat)

first_imgInformation Technology (IT) involves the study, design, development, implementation, and the support or management of computer-based information systems, particularly software applications and computer hardware, for the purpose of converting, storing, protecting, processing, transmitting, and securely retrieving information. Information Technology (IT) has many core components which often dictate how IT departments are structured. Some of these components include: hardware, software, networking & communications infrastructure, business intelligence (BI) & reporting, support, leadership, planning, security, governance, etc… The term information technology has mushroomed to encompass many aspects of computing, communications, and technology.Armed with the definition of IT, it is important to know the role the IT department plays in every organization. To know an IT department’s role, you need to first understand the mission, goals, and objectives of the organization. An understanding of these three aspects of the organization, paves the way to gaining important insight on the role that the IT department plays within that specific organization. Now, from my understanding, the general role of the Information Technology (IT) department is to provide Information and Communication Technology (ICT) services and support in order to enable the organization to achieve its goals and objectives. Contrary to arguments made by some who try to make the IT department appear as only a risk or cost minimizer, the IT department basically serves as an ENABLER within the organization. The IT department is responsible for three major things within the organization: governance, infrastructure, and functionality. With regard to governance, the IT department provides the operating parameters for the use of IT systems, services, architecture, network, security, etc., within the organization. The IT department’s infrastructural responsibility is to ensure that the operating network and circuitry, in addition to other equipment that constitute the IT system, work in conformity with the established operating standards and procedures. System functionality is also a responsibility of the IT department. That is, the IT department is to provide the capacity for operating applications development, storing and securing the electronic information the organization owns, and providing direct operating assistance in software use and data management to all functional areas in the organization.That being said, the role of an IT department may vary depending on the type, goals, and objective of the organization.  For example, the role of an IT department in a school or school district may be to support the educational technology needs of the school or schools, its students, faculty, and staff. In a business, the IT Department aligns IT with the business strategy to achieve the overall goals and objectives of the business. The IT department helps create value by addressing the business needs of an organization. This can vary depending on how the firm’s uses IT. The same applies to government IT departments as well.So basically, the IT department does the following and more as needed:  design, develop, and implement data processing; provide ICT hardware and maintenance support services; implement security policies to safeguard the security of organizations hardware and its data; design, develop, manage, and maintain the organization’s website; provide IT Software Support services to the organization; takes responsibility for the electronic storing and archiving of data; facilitate the storing and archiving of documentation of the organization; provide technical support for the use of ICT in the form of training and so on.The IT Department of Tomorrow Today, most IT department still have a full staff, a server room full of blade servers running to support mission-critical software and systems, websites, portals, etc…, that organizations currently leverage to meet their business goals. In a few years, this will go away. With virtualization, converged infrastructures and cloud computing, the traditional IT department model will soon be obsolete. These new technologies that have emerged are reshaping the data center landscape. The result of this will be a shrunk, or merged, and/or ultimately, a fizzled out IT department.  And if it still exists, the role and structure of the future IT department will shift significantly. IT departments will not be siloed to special verticals as they are now. The point I am trying to make is that we will not see IT departments in which there’s a network team that handles all aspects of the networks or a server team that handles all aspect of server rooms. Rather, we will see a data center manager emerge with a converged role. This person will not spend time on server installations or network upgrades, but on choosing the right applications to deploy and putting the right plans in place to help the organization streamline business processes.In Liberia, we will still maintain the current oversized, centralized IT departments for the next five to ten years. This is because our national IT initiatives are still in its infancy. We will still need folks to implement IT Systems, install Ethernet networks, email servers, websites, directory services, etc…  But as new technologies continue to emerge, most of the systems we use will continue to run themselves and will not require IT professionals to keep them running. This will make IT departments, as we currently know them, a relic. The reality on the future of IT departments is that organizations are going to keep a smaller IT team or group on staff, hire more consultants, and focus their IT resources on software, the cloud, and mobile devices. Mobile devices will eventually become our fully functioning PCs. This transition may not happen overnight, but it has long since begun.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

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Nothing “unusual” found in inspected EBD Chinese restaurant

first_imgFollowing complaints that insect legs had been discovered in Chinese food purchased at a popular restaurant located at Providence, East Bank Demerara, the Government Analyst Food and Drug Department (GA-FDD) has completed its investigations which found that nothing unusual was found.A senior source at the Department in a recent interview with Guyana Times said that food samples were taken from the restaurant to the laboratory, which confirmed that the food was safe.According to the officer, “When we take food samples or so to the lab it does not necessarily produce those types of results [discovery of insect legs], it’s mostly for bacterial and chemical analysis. In relation to that, everything was okay but they had some [concerns] in terms of the conditions of the place and so”.When questioned further about the restaurant’s environs, the senior source explained that “The environment is in a reasonably good sanitary condition but when it comes to insects and so they come looking for food”.In this regard, he noted that the customer’s complaint could have been legit whereas insects may not live in the building but come there to look for food. In such an instance, the insect may end up in a customer’s box while hunting for a meal for himself.“In such a situation even though you went and investigate, unless the person who has complained actually brought the evidence in terms of the insect parts or so, it’s kind of a difficult situation to trace because even if you go on the said day and inspect and you may not observe anything that day,” he posited.The restaurant was exposed by an angry customer back in May, who vented his frustration on social media following several discoveries of what appeared to be cockroach legs in his food.The customer explained to Guyana Times in an exclusive interview that he purchased food once and took it home to his wife, who was sharing the meal among family members when they discovered the legs that resembled those of a cockroach’s.Following this incident, he detailed that his friend made a purchase only recently at the said restaurant and he found something similar in his food.The angry man also told this publication that he previously visited the restaurant several times and he observed that the chefs were operating in what appeared to be floodwaters, as the kitchen is lower than the rest of the building.The man had called for a thorough investigation into the restaurant’s activities.last_img read more

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One of the Last Fort St. John grain elevator faces demolition

first_imgLocal grain farmers are worried about the possible demolition of the Fort St. John Cargill cement elevator.At the Peace River Regional District Meeting on Thursday, Directors debated on intervening in the demolition.Director Arthur Hadland says the cement elevator dates back to the early 1980’s. Hadland says the elevator in Fort St. John ceased operations a few years ago, ever since the mill in Rycroft, Alberta, opened.- Advertisement -Cargill says the local elevator isn’t efficient anymore, but local farmers say it’s better than nothing. Cargill wants to sell the land on which the elevator sits, for 700 thousand dollars. While the building would only cost one dollar, Hadland says companies in the area cannot afford the land price, so Cargill is proposing a demolition.[asset|aid=1383|format=mp3player|formatter=asset_bonus|title=4538c0b4bd4ceaffcdf7cc9807c4e45f-Hadland – cement elevator – 1_1_Pub.mp3]Local farmer Blane Meek wrote a letter to the board, asking it to take immediate action to have the demolition stopped, and that the Crown land be provided to the farmers at a minimal charge. In the letter, he wrote, “Otherwise, this will be another nail in the coffin of Peace River Agriculture.”Advertisement Hadland suggested that the PRRD intervene in the demolition. He said a letter should be sent out to Cargill, asking the company stop the process. He said this is the only grain elevator north of the Peace River.Mayor Bruce Lantz, however, thought otherwise.[asset|aid=1384|format=mp3player|formatter=asset_bonus|title=4538c0b4bd4ceaffcdf7cc9807c4e45f-Lantz – cement elevator -1 _1_Pub.mp3]In the end, two motions were passed. The board decided to send a letter out to Cargill, asking them to delay the demolition, until the board can begin negotiations with the company.Advertisement Another letter will be sent out, to the Minister responsible for CN, once he or she is chosen, to see if there are other options for the land.last_img read more

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Reports – Roma agree personal terms with Liverpool target

first_imgRoma have agreed personal terms with Liverpool target Xherdan Shaqiri, according to Italian newspaper Il Tempo.However, the Serie A giants are yet to reach an agreement with Bayern Munich over the transfer of the Switzerland playmaker.Bayern’s sporting director Matthias Sammer stated earlier this week that Shaqiri would not be sold but the 22-year-old is a wanted man and could be tempted to leave the Allianz Arena by the prospect of greater first-team opportunities elsewhere.Now Il Tempo report that Roma have managed to agree a deal with Shaqiri, although they still need to sort out a fee with Bayern.Liverpool boss Brendan Rodgers has identified Shaqiri as one of his main summer targets as he looks to boost his attacking options following the sale of Luis Suarez, but he faces stiff competition from Italy, as Juventus are also now in the hunt for the former Basel man. 1 Switzerland star Xherdan Shaqiri last_img read more

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GAA: KILLYBEGS GAA CLUB NEWS

first_imgThe Killotto had no winner this week. The numbers were 2, 12, 27 and 29 128. There was one winner of Match 3 Numbers; PaAntonie O’Harauric Breslin, 4 Solomon Hill, Letterkenny. Next week’s Killotto jackpot is €3,950 and Match 3 is €60. You can now do the Killotto online. Visit www.locallotto.ie and go to the Killybegs page.There was no winner of the Bingo Jackpot. Consolation prize went to Sean Cannon, Conlin Rd. Killybegs. Next week’s Jackpot will be €1,050 on 45 calls. The seniors defeated N. Brid last Sunday away 0-11 0-9 in very tight competitive game in difficult conditions. The reserves team drew with a very much understrength side. Both teams are due to play at home to Cloughaneely this Saturday coming. Please check local press too confirm time and details for fixture.  The minors are due to play N. Brid away this wed evening at 6.30pm and also have fixture at home too F. Masters on Friday at 7pm. The u-16s league final v A. Ruadh takes place this sat morning in Dunkineely at 12 noon. Then they play Ardara on Monday next in the 2nd leg of championship in Ardara at 7pm, in what is a much win match for the u-16s. Please come along and give much needed support over the weekend to the u-16s and all our underage teams. U-14s travel too N. Columba this Wednesday in search of their first win of the lge. Throw in at 7pm. Next underage coaching meeting will now take place on Friday the 11th of May at 8pm in Fintra. All managers/coaches of underage teams should attend and have their monthly report with them.  The ladies narrowly lost their second league game on Sunday last to Bundoran. The final score was Bundoran 2-11 Killybegs 2-10. They have no match this coming weekend. Club Membership is now due. You can pay Rita Nolan or Kathleen McCabe.Family             –           €50 Single                   –           €30Student           –           €15 Minor                   –           €10 Club Donegal is now available. You can get cards from Rita Nolan at €200 for the year. Killybegs U-16’s are playing Dungloe in Fintra on Sunday 18th at 12pm.GAA: KILLYBEGS GAA CLUB NEWS was last modified: May 1st, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:GAA: KILLYBEGS GAA CLUB NEWSlast_img read more

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THE HISTORY BOYS AS DUNGLOE TAKE U-16 COUNTY TITLE

first_imgCounty U-16 Division One Champions DungloeDUNGLOE’S U-16 boys made history today by winning the club’s first ever U-16 boys title, taking the league county title with a fine win over St Eunan’s at Termon this afternoon.It’s the first title at this level too for a west Donegal club since 1982.The Southern Division Champions proved just too strong for the Letterkenny side, hitting six superb goals in a 6-08 to 0-11 win. Ryan Connors’ goal in the first half had kept Dungloe level but it was Barry Curran’s goal just before half-time which gave them the edge, the goal coming seconds before the whistle.St Eunan’s worked the ball well at the start of the second half, but Ryan Green hit two goals and two more from James McCole and centre back Mark Curran finished a fine performance.Club captain Matthew Ward, in a generous speech, congratulated Eunan’s for a good game, admitting the scoreline was probably an unfair reflection on the game.Board chairman Pol O Maolaoigh congratulated both teams on a great season for the U-16 boys, insisting: “The future of football in Co Donegal is in great hands with great performances by so many of the Dungloe and St Eunan’s players this season.” THE HISTORY BOYS AS DUNGLOE TAKE U-16 COUNTY TITLE was last modified: November 23rd, 2013 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:dungloeSt EunansU-16 County Division One finallast_img read more

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Ian Rush says Kenny Dalglish brought a city together after Hillsborough disaster

first_imgIan Rush says his former Reds strike partner Kenny Dalglish brought the people of Liverpool together after the Hilsborough disaster.Dalglish was awarded a knighthood in the Queen’s Birthday Honours list for his services to football and charity. And Rush says he couldn’t be more deserving of the honour for his work supporting the families affected by Hilsborough.He told talkSPORT: “He went to virtually every funeral. It’s absolutely unbelievable.“[The knighthood] is for the city of Liverpool and what he’s done for the city of Liverpool. He’s brought them closer together.”Dalglish won three European Cups and six league titles in what was a glittering career as a player and a manager for the Reds.Rush, Liverpool’s all-time leading goalscorer with 346 goals, added: “You’re supposed to say no one’s bigger than the club, but at the end of the day Dalglish will go down in history.“Bill Shankly set the foundations. Bob Paisley took them to another level and then you’ve got Dalglish.“He’s absolutely amazing.”last_img read more

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Tottenham star Harry Kane set for Belgium start to boost Golden Boot hopes

first_img 1 Harry Kane is expected to start for England in their final Group G fixture against Belgium.The Three Lions have already qualified for the last 16, but Kane is determined to add to his goal tally as he bids to finish as the 2018 World Cup’s leading marksman. Harry Kane is currently leading the race for the World Cup Golden Boot center_img The Tottenham ace currently tops the scoring charts in Russia, having scored five goals in times in two matches, and England manager Gareth Southgate is mindful of the 24-year-old’s ambition to claim the Golden Boot.Asked if Kane would keep his place up front against Belgium, Southgate told talkSPORT: “As a manager you’ve got to think about the whole squad and then your second thought is always for individuals and their own situations – that’s a really complex balance in any business when you’re managing people, but I’m sure we will get that right.“He is the captain and he knows he will be judged on how far we go as a team. He wants to contribute to a winning team and he knows it is not as satisfying if you are a player scoring goals and the team does not win.”Belgium boss Roberto Martinez has suggested he could change his entire outfield team, with his side also assured of a place in the last 16.Southgate is also set to mix up his side, although is likely to stick with the core of the XI which routed Panama 6-1.Danny Rose, Gary Cahill and Fabian Delph could start in Kaliningrad, while Marcus Rashford is pushing to replace Raheem Sterling in attack.England v Belgium live on talkSPORT: Predicted Three Lions starting XI vs Red Devils at the 2018 World Cuplast_img read more

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