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UBS announced Monday it had finalised the takeover of its former rival Credit Suisse, clearing the way for the Herculean task of integrating two of...

Twitter is refusing to stand by a $1 billion contract with Google to use its cloud hosting services, according to reports. Elon Musk’s company is in the process of moving away from Google Cloud before the contract expires on 30 June, Platformer reported, leaving the social media firm’s trust and safety teams in peril. The move appears to be part of radical cost-cutting measures that have been underway since Mr Musk’s takeover of Twitter in October 2022, which has already seen thousands of employees laid off and a reduction in infrastructure spending. The deal with Google Cloud relates to hosting services, which include protecting accounts and fighting spam on Twitter. The effort to move to a different platform is reportedly “running behind schedule”, which could potentially impact Twitter’s ability to detect and remove spam and child sexual abuse material. Twitter did not respond to a request for comment – the company’s PR team was effectively eliminated during the lay-offs – while Google is also yet to respond. A separate report from The Information last month claimed that Twitter also delayed payments to Amazon Web Services. The latest issues come after internal documents revealed that Twitter’s advertising revenue is down by more than half since Mr Musk’s takeover. The company’s main revenue stream was initially hit by advertisers withdrawing over concerns related to the direction of the platform and its leadership, though Mr Musk claimed in April that “almost all advertisers have come back or said they are going to come back”. Twitter’s valuation since Mr Musk bought the company for $44 billion has dropped to around $15 billion, according to estimates from investment firm Fidelity. Newly-appointed Twitter chief executive Linda Yaccarino, who took over from Mr Musk last week, has been tasked with improving relationships with advertisers, while Mr Musk focuses on “overseeing product, software and sysops as the firm’s chief technology officer. Read More Twitter ad sales down by more than half since Elon Musk takeover, report claims

Mary Callahan Erdoes has watched one star executive after another climb to the highest rungs at JPMorgan Chase

By Sachin Ravikumar LONDON (Reuters) -British Prime Minister Rishi Sunak said on Monday he had rejected a plea from Boris

India is providing Egypt with a credit line of unspecified value, Egyptian Supply Minister Ali El-Mosilhy said, in

A U.K. parliamentary committee is meeting to conclude its inquiry into whether former Prime Minister Boris Johnson misled lawmakers over parties at his Downing Street office that breached COVID-19 lockdown restrictions

Sergio Ermotti returned as chief executive of UBS to mastermind the merger with Credit Suisse -- an onerous task which begins in earnest on Monday...

Ivan Toney claims the Football Association “was a bit spiteful” in its handling of the Brentford striker’s eight-month ban for breaking betting rules. Toney was charged with 262 breaches in November last year, but had to wait until May before the FA announced his ban and £50,000 fine after he had admitted to 232 of the counts. The 27-year-old missed out on his World Cup “dream” after being omitted from Gareth Southgate’s Qatar 2022 squad and while he accepts his punishment, feels the timing of his charges being made public was harsh. Toney told Kick Game: “It came out just before the England camp. Obviously I missed that and the World Cup. Honestly, that would have been my biggest dream. “It was like, get it out now so he doesn’t go with England and then all of a sudden they want to wait until the end of the season (to announce the suspension). “It is what it is, if they want to do it that way. I call it a bit spiteful, but it is what it is. “I felt like that was a bigger punishment. Even now I’m missing eight months of football, I feel that was a bigger punishment, missing out on the World Cup, everybody’s dream, to missing eight months of football.” Toney’s breaches of FA Rule E8, the general prohibition on betting on football by a participant, took place over five seasons from February 25, 2017 to January 23, 2021. The FA revealed that the forward had placed 13 bets on his own team to lose in seven different matches during the 2017-18 season, 11 of these bets were against Newcastle when he was out on loan away from the club. Two other bets were placed on a game between Wigan and Aston Villa, but Toney, on-loan at Wigan at the time, was not involved in the matchday squad. “None of it was match-fixing,” Toney said. “None of what I did or was accused of doing, none of it was match-fixing. “If it was I understand that, ban me for eight months or if not longer.” England boss Southgate has been critical of the wide-reaching nature of Toney’s ban, which prohibits him from training until September 17 and from playing again until January 17 next year. Toney said he was grateful for Southgate’s support and also for that shown by his club and vowed to come back an even better player after finishing the season third in the Premier League’s scoring chart with 20 goals. I don't want anybody to feel sorry for me. A punishment is a punishment, just get on with it Ivan Toney “It felt good. Obviously, it’s going to do, the England manager backing you and standing with you,” Toney said. “I think he probably sees it as a bit harsh as well. “Not letting me train or be around the team for however long, but I’ve got the right people around me. “Every season I’ve got better, scoring more goals, and I’m hungry now to get back. When January comes, you’re going to see a different animal. “I don’t want anybody to feel sorry for me. A punishment is a punishment, just get on with it.” The PA news agency has approached the FA for comment. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live PGA professional with cerebral palsy hopes others will follow in his footsteps How does grand slam king Novak Djokovic compare to his rivals? French Open Q&A: Djokovic eyeing calendar Grand Slam and can Brits bounce back?

Women’s Super League clubs saw aggregate revenues rise by 60 per cent in a record-breaking 2021-22 season, according to new figures published by Deloitte. Clubs brought in combined revenues of £32million, up from £20million in the previous season, with the increases driven by new commercial and broadcast deals. The higher revenues helped clubs bring down their aggregate wages-to-revenue ratio from 92 per cent to 78 per cent despite wages rising to a combined total of £25million, up 37 per cent on the previous campaign. Clubs made an aggregate pre-tax loss of £14million, according to Deloitte’s Annual Review of Football Finance, which will be released in full on Thursday. From the start of last season, WSL and Women’s Championship clubs enjoyed the fruits of the largest broadcast deal of any professional women’s football league, worth a reported £8million per season. WSL clubs took a 75 per share and Championship clubs 25 per cent, with an equal fixed amount per club, plus a share based on league position. Deloitte noted that revenues should continue to rise. A new title sponsorship deal which began this season includes a £30million investment into the WSL and Women’s Championship from 2022-25, while clubs are also benefitting from increased attendance. Matchday revenues accounted for nearly 10 per cent of WSL clubs’ combined revenues during 2021-22 with an average league attendance of 1,923, but with crowds up by nearly 200 per cent to 5,616 per match in the season just finished, those numbers should increase considerably. Zoe Burton, director in Deloitte’s Sports Business Group, said: “The women’s game achieved significant leaps in revenue in the 2021/22 season. “The Lionesses’ success at the UEFA Women’s Euros is pinned as an inflexion point for the popularity of women’s football, so it’s telling that even before this historic win revenues had begun to grow in the Women’s Super League. “We have already seen new records set for attendance, viewership and the value of commercial partnerships in the 2022/23 season. “Organisations should not be shy about the commercial opportunities available in women’s football, and we are now reaching the point where clubs can seek to maximise the value associated with the women’s game by unbundling revenue streams to target a unique fanbase.” Deloitte found that WSL clubs continue to receive significant backing from their wider organisations, with group income accounting for around 40 per cent of revenue across the league. That backing will be used to cover the losses made by WSL clubs. The range in wage costs across the WSL clubs increased from £2.7million in 2020/21 to £3.6million in 2021/22. PA Read More Reading to go part-time after Women’s Super League relegation England announce Women’s World Cup squad as Beth Mead misses out Kelly Smith backs Arsenal to return ‘stronger’ and challenge Chelsea for WSL title next season Reading to go part-time after Women’s Super League relegation England World Cup squad: Bright and Bronze included but Beth Mead misses out Arsenal backed to return ‘stronger’ and challenge Chelsea for WSL title next season

Russia’s defence ministry said on Monday it had repelled attempted offensives by Ukrainian forces in the Donetsk and Zaporizhzhia regions and had hit targets with sea-launched high-precision missile strikes. Russia said its forces had launched a strike on Ukrainian army reserve locations using long-range precision weaponry, launched from the sea. Ukraine said on Monday its troops had recaptured a fourth village from Russian forces in a cluster of settlements in the southeast, a day after reporting the first small gains of its long-anticipated counteroffensive. Meanwhile, Ukraine’s deputy defence minister Hanna Maliar posted a photo showing soldiers hoisting the Ukrainian flag at what she said was the village of Storozheve in Donetsk, and thanked the 35th Separate Brigade of Marines for liberating it. Reuters confirmed the location of the footage. Kyiv also said on Sunday that its forces had liberated three villages - Blahodatne, Neskuchne and Makarivka. The long-expected counteroffensive was indirectly confirmed by Vladimir Putin on Friday, who said that a Ukrainian military push was underway, but had failed to breach Russian defensive lines and taken heavy casualties. Read More Mapped: Ukraine claims four villages captured in first gains of counteroffensive Ukraine's dam collapse is both a fast-moving disaster and a slow-moving ecological catastrophe Musician Travis Leake spoke up about freedom of speech in Russia with Anthony Bourdain in 2014. Now he’s been detained

xQc explained that while moving is a laborious process, it also helps an individual develop some crucial skill sets

MILAN Former Italian Prime Minister Silvio Berlusconi, a billionaire businessman who created Italy's largest media company before transforming