Aust-Eng medal rival heats up on day one

Australia's battle with England for Commonwealth Games dominance heats up immediately on the opening day of competition on Thursday, with medals in cycling, swimming and triathlon expected to be shared among the two Commonwealth powers.

南宁桑拿

With the retirement of her English nemesis Victoria Pendleton, flag bearer Anna Meares is a firm favourite to take gold in cycling's 500m time trial at the Sir Chris Hoy velodrome, the Australian having no qualms about competing the day after marching at the opening ceremony.

Being named Australia's flag bearer on Monday motivated her hugely, she said.

"I'm feeling the love at the moment. Love turns to happiness and when I feel good, I go good," she said at the time.

While she's expected to win her fifth Commonwealth gold, the men's Ashes cycling contest will be fierce.

Australia's world champion team pursuiters take on an England foursome featuring three Olympic gold medallists, including Sir Bradley Wiggins, while New Zealand have also shown they're a threat in a truly world class event.

As Wiggins points out, they are the likely three medallists at the Rio Olympics.

Shane Perkins has pulled out of the individual sprint to focus on leading Australia in the team sprint on Thursday with Matthew Glaetzer and Nathan Hart. They're up against an England team which features a pair of Olympic champions.

England are also expected to reign in the triathlon with Olympic gold medallist Alistair Brownlee and his world champion brother Jonny the favourites.

The first gold medal of the Games will be won in the women's triathlon with Emma Moffatt Australia's best hope of keeping England's Jodie Stimpson at bay.

But Australia should take an early lead on the medals table courtesy of a traditional strong start by the swimmers, with as many as five of the six gold on the opening night at the Tollcross Swimming Centre.

Siblings David (400m freestyle) and Emma McKeon (200m freestyle) and Cate and Bronte Campbell (women's 4x100m freestyle relay) are overwhelming favourites.

And world 100m breaststroke champion Christian Sprenger will try to topple Scot Michael Jamieson in the men's 200m final, with the world record under threat.

Australia is also a fancy for the rhythmic gymnastics team gold, while the women's hockey team open their campaign against Malaysia and the netballers play Wales.

House prices still booming, led by Sydney

The house price boom shows no sign of cooling despite the onset of winter.

南宁桑拿

Price growth in almost all capital cities in the three months to June has helped the median Australian house price soar almost 11 per cent in just 12 months.

Sydney is leading the surge, where the median house price climbed by more than $100,000 in the year to June, or 17 per cent, to hit a record $812,000.

Melbourne recorded 10 per cent growth to $608,000, according to the latest report from Australian Property Monitors (APM).

June quarter prices showed capital city housing markets are showing no signs of slowing down, APM senior economist Dr Andrew Wilson said.

"Most capital cities are maintaining or exceeding the solid to strong prices growth levels recorded during the previous quarter," he said.

"Other leading indicators of housing market activity such as home loan activity and auction clearance rates point to continued solid buyer activity through 2014."

Canberra was the only capital city not to have an increase in house prices in 2013/14, dropping by 0.5 per cent to a median price of $576,000.

Despite strong growth in median house prices, unit prices were more varied.

Sydney's 13.3 per cent growth did pull the national average up to 8.3 per cent, but Brisbane, Canberra and Hobart all fell.

CAPITAL CITY MEDIAN HOUSE PRICES

* Sydney - $811,837, up 17 pct

* Melbourne - $607,721, up 10.3 pct

* Brisbane - $477,352, up 6.9 pct

* Hobart - $329,186, up 6.0 pct

* Adelaide - $462,129, up 5.8 pct

* Perth - $619,532, up 5.1 pct

* Darwin - $655,615, up 1.3 pct

* Canberra - $576,367, down 0.5 pct

* National - $627,940, up 10.3 pct

Source: Australian Property Monitors

Finance News Update, what you need to know

WORLD FINANCE UPDATE:

The Australian dollar is at a three-week high following higher-than-expected inflation figures.

南宁桑拿

At 0630 AEST on Thursday, the local currency was trading at 94.56 US cents, up from 94.40 cents on Wednesday.

And the Australian share market looks set to open higher after a mixed performance on Wall Street where the S&P 500 reached a record high.

At 0645 AEST on Thursday, the September share price index futures contract was up 17 points at 5,544.

ELSEWHERE:

MOSCOW - Shrugging off the threat of additional Western economic sanctions, Russian officials have indicated the 2014 growth forecast is likely to be doubled.

WASHINGTON - The International Monetary Fund has lowered its US economic growth forecast for 2014 after severe winter weather in the first quarter delivered a sharp contraction.

MADRID - The Spanish economy has grown at its strongest rate for six years in the second quarter of the year, expanding by 0.5 per cent from the previous three months, the country's central bank says.

NEW DELHI - The World Bank has offered India up to $US18 billion ($A19.5 billion) in financial support in the next three years, while lavishly praising new right-wing premier Narendra Modi's "ambitious vision" for the country.

PARIS - Swiss bank UBS has been charged with tax fraud in Paris for allegedly helping rich French clients to hide money in Switzerland, a judicial source said.

NEW YORK - General Motors has announced six recalls covering nearly 718,000 vehicles in the US, adding to its recall tally after an ignition-switch auto safety scandal.

FRANKFURT - German auto giant Daimler, maker of Mercedes-Benz and Smart cars, has reported a sharp rise in second-quarter underlying profit driven by record sales in its luxury car division.

WASHINGTON - US aerospace and defence giant Boeing has raised its full-year profit outlook after a strong second quarter that saw profit soar 52 per cent on higher jetliner deliveries.

LONDON - British drugmaker GlaxoSmithKline has slashed its 2014 profits forecast as second-quarter earnings sank on the back of weak US trade, adverse currency moves and a Chinese bribery probe.

SAN FRANCISCO - Facebook's quarterly profit has more than doubled amid big gains in ad revenues and a jump in users.

TOKYO - Bitcoin investors have voiced anger after the first creditors' meeting for failed Tokyo trading exchange MtGox, whose spectacular collapse hammered the digital currency's reputation and left a trail of unanswered questions.

MH17 cockpit voice recorder ‘intact’

Dutch experts investigating the shooting down of flight MH17 over Ukraine say data from the cockpit voice recorder is intact and has not been tampered with.

南宁桑拿

“The cockpit voice recorder was damaged but the memory module was intact. Furthermore no evidence or indications of manipulation of the cockpit voice recorder was found,” the Dutch Safety Board (OVV) said, as the black boxes were being analysed in Britain.

The recorders, salvaged from the plane wreckage in eastern Ukraine, have been handed to the Air Accidents Investigation Branch (AAIB) headquarters in Farnborough, southwest of London.

AAIB experts are tasked with extracting information from the cockpit voice recorder, which should give them hours of pilots’ conversations, as well as the contents of the flight data recorder.

“The cockpit voice recorder data was successfully downloaded and contained valid data from the flight. The downloaded data have to be further analysed and investigated,” the OVV said.

“Tomorrow (Thursday) the team will start the examination of the Flight Data Recorder. This will show whether this recorder also contains relevant information, in which case the data from both recorders will be combined.”

The boxes – which are actually orange in colour – were delivered to Farnborough by the OVV, which is leading an international investigation into the crash in which 298 people died, including Australia citizens and residents.

The OVV is coordinating investigation teams from eight different countries, including Russia.

Pro-Russian rebels controlling the crash site handed the boxes over to Malaysian officials on Tuesday.

Western governments say the evidence points to the Boeing 777 plane having been shot down with a missile by pro-Russian separatists.

Hamilton seeks fifth victory in Hungary

Lewis Hamilton is aiming to win his third straight Hungarian Grand Prix and fifth overall as he chases Mercedes teammate Nico Rosberg for the championship lead in the last race before the summer break.

南宁桑拿

Mercedes has won nine of the season’s first 10 races and Rosberg leads the drivers’ standings with 190 points, 14 more than Hamilton.

Daniel Ricciardo of Red Bull is third with 106 points.

If previous results are anything to go by, Rosberg would not seem to have much of a chance to hold off Hamilton in Sunday’s race.

Rosberg’s last three placings at the winding, slow Hungaroring circuit have been going from bad to worse – ninth, 10th and 19th.

Hamilton, meanwhile, won in 2012 and 2013 and was fourth in 2011. He also took the top spot on the podium in Hungary in 2007 and 2009.

“I don’t really have any secrets there,” Hamilton said.

“I’ve just been very fortunate in that race and it’s a circuit I really enjoy. It’s one where you can really attack … so perhaps it suits my driving style a little bit more than some others.”

Hamilton drew much praise for his performance at last week’s German GP in Hockenheim.

After crashing during qualifying and taking a five-place grid penalty because of a gearbox change, he started in 20th place and climbed up to finish third.

“I can’t focus more or work harder than I am doing right now,” Hamilton said.

“The championship is proving a big challenge for me but that’s how I love it and I wouldn’t have it any other way.”

High track temperatures are expected again this year, though weather forecasts say light rain is likely on Saturday and thunderstorms on Sunday.

After Hungary, the Formula One circuit returns from vacation for the Belgian Grand Prix in Spa-Francorchamps on August 24.

Russia to raise forecast despite sanctions

Shrugging off the threat of additional Western economic sanctions, Russian officials have indicated the 2014 growth forecast is likely to be doubled.

南宁桑拿

“We are moving at a level of about one per cent annual growth in GDP … and are likely to stay there until the end of the year,” senior Kremlin adviser Andrei Belousov was quoted on Wednesday as saying by Russian news agencies.

Russia’s current 2014 growth forecast of 0.5 per cent is set to be updated, and Economy Minister Alexei Ulyukayev said at a separate news conference that at this point “we’re talking about an increase to the forecast”.

Earlier this month, officials said the Russian economy, which was buffeted by market uncertainty surrounding Moscow’s annexation of Crimea and the outbreak of a violent pro-Russian separatist movement in eastern Ukraine, escaped entering a technical recession in the second quarter of this year.

Officials said they expected data to show the Russian economy remained flat in April through June, after having contracted by 0.3 per cent in the first quarter.

The European Union and United States imposed in April only limited sanctions on Russia that target individuals and businesses.

This hit sentiment and sparked massive capital flight, which then prompted the government to lower the growth forecast after the Russian economy recorded 1.3 per cent growth last year.

However, the tensions calmed and recent industrial production data has been encouraging.

“The current sanctions will not have a macroeconomic effect, it is a problem for specific companies,” said Belousov.

But both the European Union and the United States are moving towards imposing sanctions on entire economic sectors, which some analysts see as likely by September unless the Ukraine crisis is resolved.

Analysts at London-based Capital Economics warned that the widespread presumption that Russia will prove resilient in the face of any additional sanctions could prove complacent.

“Even if the direct impact of sanctions is limited, the indirect impact can be significant,” Chief Emerging Markets Economist Neil Shearing said in a recent research note, adding the sanctions could spark another increase in the flow out of the country and deter a rise in both foreign and domestic investment.

Early missteps show Abbott needs a plan B to deal with the Senate

By Mark Rolfe

Last week, television news presented grabs of former prime minister John Howard arriving in Canberra.

南宁桑拿

It is unknown if Howard was there to share his wisdom with Coalition MPs on how to deal with minor parties controlling the balance of power in the Senate. If he was, it would demonstrate a lack of corporate memory in the Coalition government of how to deal with this situation.

Having to seek advice from Howard would fly in the face of Tony Abbott’s election promise of a team of experienced ministers from the Howard era: Christopher Pyne, Joe Hockey, Warren Truss, Malcolm Turnbull, Julie Bishop, Eric Abetz and Abbott himself. But lessons on how to deal with the upper house have been hard learned by some governments – even by Howard in his first term.

Ever since Labor introduced proportional voting for electing the Senate in 1948, the government of the day has rarely controlled the upper house. Since the Democratic Labor Party’s (DLP) arrival in the 1950s a variety of minor parties and independents have found it easy to gain the lower thresholds of votes to get into the Senate, especially after further reforms under Labor prime minister Bob Hawke.

As a result, the experience of prime ministers Malcolm Fraser in the 1970s and John Howard after 2004 were throwbacks to the first half of the century when governments faced overwhelming support or overwhelming opposition in the Senate.

What the 1948 change did was to accentuate the natural inclination of federal parliament. Australia has two chambers of almost equal powers. The only difference is that the Senate cannot initiate or amend “money bills”.

In effect, Australia’s political system is a recipe for both conflict and co-operation. And it is necessary for any political leader to judge the uses and limits of both aspects.

In that respect, we can expect – but should not take too seriously – parties to spout while in government about their electoral mandate to get policies through, after rightly declaring in opposition their scepticism of the concept – which this government has done on both counts.

 

As prime minister, John Gorton did it ‘his way’ and was reluctant to deal with a hostile Senate. NAA

 

The complexities were lost on John Gorton, who was prime minister between 1968 and 1971. Gorton’s way of dealing with people was summarised by a newspaper with a song by Frank Sinatra – My Way. As Gorton notably said:

I am always prepared to recognise that there can be two points of view – mine and one that is probably wrong.

As such, Gorton sometimes attacked or refused to negotiate with the DLP, upon which his government depended for passage of legislation.

Gorton was brought down by Fraser, who proved not much better at dealing with a minor party when he became prime minister. Admittedly, the Democrats formed from breakaways of the Liberal Party and were led by former Liberal minister Don Chipp, who labelled Fraser, Labor’s Gough Whitlam and their parties bastards who needed to be kept honest. Still, Fraser tried to ignore the political upstart.

This changed with the Hawke government. It decided to work with the Democrats, who used the balance of power where they could – that is, only when the Liberal and National parties were opposed – to modify ALP legislation.

Meanwhile, antagonism towards the Democrats seeped through the Coalition souls, leaving them convinced that the Democrats were a pro-ALP or even radically left party. Adversarial rage prevented any appreciation of their small-l Liberal origins or the shift of the political spectrum to the right during the 1980s and 1990s.

When the Coalition returned to government in 1996, its mind was generally set on ideological incompatibility with the Democrats. Although Peter Reith negotiated changes to industrial relations with Democrats leader Cheryl Kernot, there was a reversion to type. Like Fraser, Howard tried to ignore them for the sake of dealing with Tasmanian independent Brian Harradine and Labor turncoat Mal Colston. Howard was more ideologically comfortable with Harradine’s social conservatism than with the Democrats.

 

John Howard was forced to deal with Senate Democrats over the GST. AAP/Alan Porritt

 

The comfort was not to last. After the 1998 election, Howard and treasurer Peter Costello didn’t even consult the Democrats about the GST upon which they had staked their campaign. There was no Coalition plan for concurrent negotiations with different players. There was no plan B when Harradine said no to the GST.

The government was completely unprepared, even though it knew the Democrats had the balance of power from July 1999. Howard and Costello backflipped. They suddenly found the Democrats a delight to work with.

Abbott and current-day treasurer Joe Hockey knew PUP and others would have the balance of power in the Senate from July 2014 but also made no preparations. As crossbench senator Ricky Muir’s senior adviser Glenn Druery said:

Not a single minister, not a single member of the government, has come and knocked on the door and offered to buy us a coffee or have a chat. It should have begun weeks ago. If I could give the government some gentle advice I would say they need a little more empathy with those they have to deal with.

As the debacles of the last two weeks have shown, Druery’s comments were not simply self-serving.

Last October, I posited belligerence as a style of this government which can leave:

… voters with perceptions of ridiculous stubbornness or humiliating backdown.

With belligerence goes bluster, particularly with the range of promises at the election that could not be met or were contradicted by the budget; with the failure to recognise the limits with the Senate; but also in the refusal to countenance the public backlash.

Since last year, the government has manoeuvred itself into this position where its bluster has made it vulnerable to Clive Palmer’s bluster. Bluster has begotten bluster.

Mark Rolfe does not work for, consult to, own shares in or receive funding from any company or organisation that would benefit from this article, and has no relevant affiliations.

World Cup will inspire Rio Olympics – IOC’s Bach

“I think the success of the organisation of the World Cup helped, and will help, the organisation of the Games,” Bach told Reuters in an interview ahead of the Commonwealth Games opening ceremony.

南宁桑拿

“I could really feel this during my visit there for the final weekend of the World Cup. It was much more confident and optimistic. Brazil realised that it can deliver.”

Preparations for Rio 2016 were called the “worst ever” by IOC vice-president John Coates in April, but Bach, elected to his position in September, said progress was being made before the first Olympic Games to be held in South America.

“Since the last meeting with the organising committee in March, you can feel, not only feel, you can see the commitment and the determination coming from the top of the government,” said German Bach, a 1976 Olympic champion in fencing.

“They were extremely clear by saying that from the Monday after the World Cup the Games would be top priority.

“But it does not mean that you can lean back. There is still a lot to do, but I think we can be really confident that we will have a great Games, with all the Brazilian enthusiasm and joy of life.”

With FIFA yet to decide whether to hold the 2022 World Cup in Qatar in the summer or winter, the 60-year-old Bach is certain the tournament will not clash with the Winter Olympic Games in the same year.

“I spoke with FIFA about this a couple of months ago and it is very clear that in mutual interests there would be no conflicting situation,” Bach said.

“I am very relaxed because FIFA knows it would not be good to compete against the Winter Games and we also know that it would not be good for the Winter Games to compete against the World Cup.”

Bach did concede, however, that the IOC needs to do more to attract cities to bid for the Winter Games after several decided against hosting the 2022 event due to financial concerns.

Sochi cost Russia an estimated $50 billion (29.34 billion pounds) because of the huge infrastructure projects undertaken in the Black Sea resort but Bach stressed that the operational costs of the Winter Olympics have been the same for last few Games at around $2 billion.

Around $700 million of those running costs for Sochi were met by the IOC, who might contribute even more towards the running of the next Winter Games.

“What happened with the bids, I think, is a kind of misunderstanding of what needs to be done to organise an excellent Winter Games,” Bach said.

“We think we need to explain that the cost for the organisation of the Winter Games is about the same as it was for the Sochi Games.

“We need to explain this and then it is up to each of the bidding cities to make best use of their existing infrastructure, their existing facilities, and in such a way organising sustainable and feasible Olympic Winter Games.

“There was clearly a misunderstanding of this concept and we are addressing this.”

(Editing by Ed Osmond)

Shorten makes case for ETS on world stage

Opposition Leader Bill Shorten has warned Australia’s decision to abandon carbon pricing puts it at risk of being isolated on the world stage.

南宁桑拿

Mr Shorten made his case for emissions trading during a speech in the United States, where he also urged the Abbott government to make climate change a priority at the G20 summit in November.

The government has copped criticism as host of the global forum for not including climate change in the discussions, opting to focus specifically on economic growth, trade and investment.

Mr Shorten told the Peterson Institute for International Economics in Washington DC that as an economic, environmental and security issue, climate change well and truly belonged on the G20 agenda.

“Just as global growth, global free trade and multi-national tax avoidance require international consensus, climate change is a global problem that demands a global solution,” he said.

He conceded climate change had been a “politically difficult issue” for Labor but the party had decided the best policy for tackling global warming was an emissions trading scheme.

The combined value of the world’s ETS markets was more than $30 billion, covering almost a quarter of global greenhouse gas emissions and economies ranging from Mexico to California and parts of China.

Australia made international headlines earlier in July when the government became the first country in the world to unwind its carbon pricing scheme.

Mr Shorten described the decision as regrettable but said the more serious risk was that Australia would suffer “damaging economic isolation” as the world moved to take collective action on climate change.

“It will not be long before a lack of climate policy is an obstacle to finalising trade deals,” he said.

“In fact, it is entirely possible that trade negotiations will mandate an effective price on carbon to ensure a level trading field.”

SAfrica jails rhino poacher for 77 years

A South African court has jailed a rhino poacher for 77 years, one of the heaviest sentences handed out for the crime as poaching continues to escalate.

南宁桑拿

South African national Mandla Chauke was arrested in the iconic Kruger National Park in 2011 after he killed three rhino calves. The vast park has seen the highest number of killings, with 370 rhinos slaughtered since January.

The South African National Parks (SANParks) hailed the sentence, saying it showed that “the courts are keen on stamping out the scourge of poaching”.

“It’s one of the harshest sentences and we hope it will send out a strong message to poachers out there,” said SANParks spokesman Reynold Thakhuli on Wednesday.

This month, two Mozambicans were each jailed for 16 years for killing and dehorning rhino.

They were also caught in Kruger Park.

The vast area, roughly the size of Israel, forms a border with neighbouring Mozambique, a country where many poachers are recruited by international syndicates.

Rhino horns are prized as a status symbol in Asia, where they are falsely believed to possess medicinal properties to cure cancers and hangovers, despite being composed of the same material as fingernails.

A total of 558 rhino have been killed across South Africa since the beginning of the year, according to figures released this month.

Authorities have struggled to catch poachers who use increasingly sophisticated weaponry, such as semi-automatic rifles or poisoned darts.

Though 62 people have been arrested since the start of the year, most of the prosecuted are lower-level gunmen, while kingpins evade detection.

Pakistan unveils new domestic cricket comp

Pakistan’s cricket administration has unveiled a new domestic league revamp, though demands to remove commercial and government department teams from the competition were ignored.

南宁桑拿

Pakistan has long suffered from a below-par domestic structure. Many of its cricket heroes, such as Javed Miandad, honed their skills in street games rather than with teams.

The new championship will have two divisions. Pakistan Cricket Board (PCB) chairman Najam Sethi said that under the new structure regional teams could receive private sponsorship so that they can compete with better-funded government departments and teams run by private companies such as banks.

But former captain and chief selector Aamir Sohail slammed the proposed changes and said the regional teams would struggle to compete financially.

“The PCB don’t know how to administer the game. When regions don’t have full fledged offices and no marketing people they can’t do this,” Sohail said.

Former Pakistan captain Imran Khan has also been a vocal critic of the domestic championship, demanding that commercial organisations be excluded.

The PCB’s director of game development Haroon Rasheed said the new domestic cricket championship would have two first-class divisions.

“The division one tournament will be called ‘Gold league’ comprising six regional and six departmental teams while the division two will be ‘Silver league’ with seven department and as many regional teams,” he said.

Each year, the bottom two teams from division one will be relegated and the two top teams from division two promoted, he added.

Mexico is back on the F1 calendar in 2015

CIE announced to the Mexican stock exchange on Tuesday it has signed a five-year contract to host Formula One races but that the deal was still subject to final negotiations.

南宁桑拿

The race will be held at the Autodromo Hermanos Rodriguez in Mexico City.

F1 boss Bernie Ecclestone earlier told the Forbes magazine website that the deal had been agreed.

“We have got Mexico past the post,” he was quoted as saying.

Forbes said that the plan to revive the race had the backing of a powerful management team, led by two key figures.

One is Tavo Hellmund, the creator of the U.S. Grand Prix and the Circuit of the Americas in Austin, Texas, and Soberon, whose CIE company is the world’s third largest live entertainment business.

Team members include Carlos Slim Domit, who sits on the FIA’s decision-making body the Senate, and is the son of Carlos Slim, the world’s richest man.

There are two Mexican drivers currently on the F1 grid, Esteban Gutierrez at Sauber and Force India’s Sergio Perez who have both been bankrolled by Carlos Slim, said Forbes.

The return was originally planned for 2014, but the organisers could not update the track in time.

CIE’s Chief Financial Officer Jaime Zevada told Reuters in a telephone interview that the company would invest $50 million to complete upgrades, which include expanding seating to 120,000.

Zevada said the company could expect to see a profit of about $10 million to $15 million on the investment during the five-year contract.

The circuit, which had hosted grands prix from 1963-70 and 1986-92, is likely to be reconfigured from the layout last used when Nigel Mansell won in 1992.

Changes to the ultra-fast banked right-hander at the end of the lap, Peraltada, and resurfacing to reduce its notorious bumpiness, will be undertaken to comply with FIA regulations.

No date has been fixed for the race.

(Reporting by Tony Goodson and Tomas Sarmiento; Editing by Martyn Herman)

Colourful ceremony opens Commonwealth Games in Glasgow

Queen Elizabeth II officially opened the 20th Commonwealth Games at Celtic Park on Wednesday after a moving and colourful ceremony in front of a 40,000 capacity crowd.

南宁桑拿

   

The Games will feature 17 sports across 11 days of competition with more than 4,500 athletes from 71 nations competing, making the event the biggest Scotland has ever hosted.

   

The Queen called on those present to “unite” in difficult times as a minute’s silence was held for the victims of the Malaysia Airlines MH17 flight disaster.

   

Eighty-two of the 298 people who died last week when the plane came down over eastern Ukraine were from Commonwealth nations.

   

The Malaysian team also entered the stadium with their flag at half-mast and wore black armbands.

   

“To you, the Commonwealth athletes, I send my good wishes for success in your endeavours. Your accomplishments over the coming days will encourage us all to strengthen the bonds that unite us,” said the Queen.

   

“You remind us that young people, those under 25 years of age, make up half of our Commonwealth citizens; and it is to you that we entrust our values and our future.

   

“I offer my sincere thanks to the many organisations and volunteers who have worked diligently to bring these Games to fruition, and indeed to the spectators here in the stadium and to the millions watching on television.

   

“Together, you all play a part in strengthening our friendships in this modern and vibrant association of nations.

   

“It now gives me the greatest pleasure to declare the 20th Commonwealth Games open.”

   

A colourful, nearly three-hour long ceremony began with an exuberant sequence depicting the history of Scotland was followed by live performances from world-renowned Scottish singers Rod Stewart and Susan Boyle.

   

The Queen then made her entrance, accompanied by Prince Philip, whilst the RAF Red Arrows performed a colourful flyover past the stadium.

   

Teams from all 71 nations were then paraded, starting with 2010 hosts India and ending with Scotland.

   

Six-time Olympic gold medallist Chris Hoy carried the  Queen’s baton on the final leg of its 100,000 mile journey through all of the Commonwealth nations over the past nine months.

   

There was a brief moment of farce when the President of the Commonwealth Games Federation Prince Tunku Imran couldn’t remove the Queen’s message from the baton.

   

However, once the message was finally removed, the Queen hailed Glasgow’s suitability for a competition often known as the “friendly games.”  

   

“Over the past 288 days the baton has visited all the nations and territories of the Commonwealth, crossing every continent in a journey of more than 100,000 miles.

   

“The baton relay represents a calling together of people from every part of the Commonwealth and serves as a reminder of our shared ideals and ambitions as a diverse, resourceful and cohesive family.

   

“And now, that baton has arrived here in Glasgow, a city renowned for its dynamic cultural and sporting achievements, for the warmth of its people, for this opening ceremony of the friendly games.”

   

Scottish First Minister Alex Salmond also welcomed the team athletes and officials to what he described as “Scotland’s scene for 11 days of sport and culture.”

   

“Welcome to the Commonwealth of nations, welcome to Scotland,” he added.