ASML Hit With New Dutch Limits on Chip Gear Exports to China
The Netherlands published new export controls that will restrict more of ASML Holding NV’s chipmaking machines from being
1970-01-01 08:00
Barclays Boosts US Parental Leave Policy to 16 Weeks for all Caregivers
Barclays Plc has updated its leave policy to provide at least 16 weeks for all new parents in
1970-01-01 08:00
Car Prices Are Starting to Ease as Pandemic Supply-Chain Issues Fade
The US new-car market is returning to pre-pandemic norms as supply-chain issues resolve, forcing carmakers to ramp up
1970-01-01 08:00
Solomon Islands country profile
Provides an overview of Solomon Islands, including key facts about this Pacific island nation.
1970-01-01 08:00
Bawag Slumps After Short Seller Petrus Urges Halt to Payouts
Bawag Group AG slumped the most in three years after activist investor Petrus Advisers disclosed a short position
1970-01-01 08:00
Caesars and FanDuel MLB Promos Combine for Massive $2,250 Bonus This Weekend!
We've got a full MLB slate ahead today and Caesars and FanDuel are helping you score a MASSIVE payday with two fantastic promos. In only a few minutes, you'll claim $2,250 in bonuses to use on ANY game this weekend!See below how each offer works and how to claim them.No-Sweat Bets: C...
1970-01-01 08:00
Chicago’s Nascar Weekend Offers Headaches, Little Economic Gain
Nascar is about to hit the road in Chicago for the first-ever street race in its marquee series.
1970-01-01 08:00
Celtic boost squad with signing of Australia international Marco Tilio
Celtic have announced the signing of Australia international Marco Tilio from Melbourne City. The 21-year-old winger has agreed a five-year deal at Celtic Park and becomes the second signing of Brendan Rodgers’ second spell at the club. Tilio, who follows a host of Australians to pull on the green and white hoops, told Celtic TV: “I’m ecstatic that I’m coming over to Europe, coming to such a big club and team, and I’m super-excited. “I hope to bring all my qualities, take on players in and around the box, help the team contribute to goals with assists and hopefully put a few in the back of the net as well. “It’s an amazing opportunity for myself and having seen Aussies go over there and do well at such a prestigious club, it’s a massive opportunity for myself that I couldn’t deny. “And being around those guys, Aaron Mooy and Tommy Rogic, in the national team camp over recent years, obviously helped make my decision easier.” Tilio joined Melbourne three years ago from Sydney FC but always had his sights on a move to Europe. He added: “It’s always been a plan ever since I moved over to Melbourne three years ago. “It was my plan to go over and do well, and hopefully proceed to go on to different and bigger and better things, and now I think is the time for me to come over to Europe and really challenge myself. ‘And I’m really excited with the opportunity I have to come to this club and hopefully I put my best foot forward and play some good football.’ “I think it’s a massive opportunity to be a part of a team that plays in the Champions League, and have a winning mentality in bringing trophies. I think that’s important. “And as a player that’s what you want to be a part of and what you want to do is win trophies, win games. For me it’s always been about that here in Australia and I want to come over there and do the same thing.” Tilio, who will make the journey from Down Under to Scotland in the next week, joins Odin Thiago Holm as the second summer arrival at the club. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live UEFA’s Man City probe ruled £30m from owners disguised as sponsor money – report Nathan Lyon’s Ashes could be over after ‘significant’ calf strain is confirmed Nathan Lyon arrives on crutches as calf injury puts Ashes role in doubt
1970-01-01 08:00
UEFA’s Man City probe ruled £30m from owners disguised as sponsor money – report
UEFA’s investigation into Manchester City concluded that two £15million payments from a broker was funding from the club’s owners disguised as sponsorship revenue. The report by the adjudicatory committee of UEFA’s Club Financial Control Body (CFCB) is effectively the written reasons behind the decision announced in February 2020 to suspend City from European competition for two years. The report was never published because the club appealed against the decision and the Court of Arbitration for Sport (CAS) later overturned the CFCB verdict, but it has been obtained by the makers of a YouTube film released on Thursday, and has also been seen by The Times. UEFA did not comment on the report when contacted by the PA news agency on Friday. The report said City’s lawyers had told a UEFA disciplinary hearing that two £15m sponsorship payments from telecommunications firm Etisalat in 2012 and 2013 were made by a man called Jaber Mohammed, who was described as a broker, and that Etisalat repaid the money to City’s owners in 2015. The Times reports that the adjudicatory committee of the CFCB concluded: “Arrangements were made under which payments were made or caused to be made by ADUG (Abu Dhabi United Group, a private equity fund controlled by City owner Sheikh Mansour) but attributed to the sponsorship obligations of Etisalat so as to disguise the true purpose of equity funding, and those arrangements were carried into effect by the payments made by Jaber Mohamed totalling £30million. “The management of the club was well aware that the payments totalling £30million made by Jaber Mohamed were made as equity funding, not as payments for the sponsor on account of genuine sponsorship liabilities.” CAS overturned the two-year suspension in July 2020, and in its judgement it said UEFA should not have dealt with the charges related to Etisalat because they had passed the five-year time limit. It is not known whether the Etisalat payments form part of the Premier League’s ongoing case against City, where they face 115 charges over alleged breaches of the league’s financial rules and a failure to co-operate with the investigation, but, if they do, they would not be time-barred. In the same judgement, the CAS panel also stated it was “not comfortably satisfied” that City had disguised equity funding from Sheikh Mansour or ADUG as sponsorship contributions from the Etihad airline. It said in relation to the Etihad sponsorship: “There is not sufficient evidence on file to establish that arrangements were actually made between MCFC and HHSM (Sheikh Mansour) and/or ADUG, or between HHSM and/or ADUG and Etihad, or that HHSM and/or ADUG funded part of Etihad’s sponsorship obligations directly. “In the absence of a link being proven…the majority of the panel finds that UEFA’s theory on disguised equity funding remains unsubstantiated.” City have not commented on the latest report, but it is understood they believe questions should be asked about the origins of the funding for the new YouTube film, and the motivations of those who provided that funding. Little is known about the company behind it, Sunrise Media, which was registered in the British Virgin Islands on June 9. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Nathan Lyon’s Ashes could be over after ‘significant’ calf strain is confirmed Nathan Lyon arrives on crutches as calf injury puts Ashes role in doubt England name uncapped Saracens hooker Theo Dan in World Cup training squad
1970-01-01 08:00
Sunak Vows Major NHS Recruitment in Bid to Win Back Voters
Rishi Sunak unveiled his long-awaited plan to recruit record numbers of doctors and nurses, as he seeks to
1970-01-01 08:00
2023 UEFA Super Cup: Date, location, format change & teams involved
Everything you need to know about the 2023 UEFA Super Cup between Champions League winners Manchester City and Europa League champions Sevilla
1970-01-01 08:00
Kenya Seeks Private Investors to Build High Voltage Power Lines
Kenya is seeking private investment for 507 kilometers (315 miles) of electricity transmission lines to cut reliance on
1970-01-01 08:00
