
HSBC to close New Zealand wealth and personal banking business
(Reuters) -HSBC has decided to wind down its wealth and personal banking business in New Zealand, the bank said on
2023-06-13 16:46

Wall Street Journal: China bans use of iPhones for government officials
China has banned the use of iPhones for central government officials, The Wall Street Journal reported, citing unnamed people familiar with the matter.
2023-09-07 09:24

Virgin Australia's IPO executive David Marr resigns
Bain Capital-owned Virgin Australia on Tuesday said its Chief Development Officer David Marr, who was assigned to lead
2023-10-17 16:20

At its 787 Dreamliner factory, Boeing prepares for takeoff
As airlines seek to fulfill customers' growing post-pandemic appetites for long-haul travel, Boeing is aiming to speed up production of its 787 Dreamliners after a period plagued by repeated...
2023-06-02 06:50

Nobel Prize for Iranian activist highlights plight of Iran's women -Zaghari-Ratcliffe
LONDON The award of the Nobel Peace Prize to imprisoned Iranian women's rights advocate Narges Mohammadi will help
2023-10-08 00:46

OECD raises 2023 global growth outlook, cuts 2024
PARIS A stronger than expected U.S. economy is helping to keep a global slowdown in check this year
2023-09-19 17:28

Braves ensure fans can have postseason heart attacks in more ways than one
The Atlanta Braves' NLDS series vs. the Philadelphia Phillies should be incredibly intense, so why not eat some of these food monstrosities at Truist Park to give you another heart attack at The Battery.
2023-10-06 23:59

The world's youngest referee? A 10-year-old rules the pitch in Bolivia
EL ALTO, Bolivia Erick Callejas may be just 10 years old - and a lot shorter than the
2023-08-04 04:54

Everton rocked by points deduction as Premier League takes stand over financial fair play
Everton have been given a 10-point deduction after an independent commission found them guilty of breaching the Premier League’s financial fair play (FFP) rules. The club plan to appeal against what they regard as a disproportionate and “unjust” punishment and said they were “shocked and disappointed” by the decision and the sanction. But as it stands, Sean Dyche’s men will drop from 14th to 19th place in the Premier League table and be plunged into greater danger of relegation as they only stay above bottom side Burnley on goal difference. The Toffees become the first English top-flight club to receive such a punishment for falling foul of FFP guidelines. They are just the third club in the Premier League era to be deducted points for any reason: Portsmouth saw nine points taken away for entering administration in 2010 and Middlesbrough were slapped with a three-point deduction for illegally postponing a game in 1997 – both teams subsequently suffering relegation at the end of the season. A statement from the Premier League read: “An independent commission has imposed an immediate deduction of 10 points on Everton FC for a breach of the Premier League’s Profitability and Sustainability Rules (PSRs). “The Premier League issued a complaint against the club and referred the case to an independent commission earlier this year. During the proceedings, the club admitted it was in breach of the PSRs for the period ending season 2021-22 but the extent of the breach remained in dispute. “Following a five-day hearing last month, the commission determined that Everton FC’s PSR calculation for the relevant period resulted in a loss of £124.5m, as contended by the Premier League, which exceeded the threshold of £105m permitted under the PSRs. The commission concluded that a sporting sanction in the form of a 10-point deduction should be imposed. That sanction has immediate effect.” Last month, the Premier League had recommended a deduction of up to 12 points for the Toffees, as they urged the independent commission to impose a severe sanction. Everton responded in a club statement that said: “Everton Football Club is both shocked and disappointed by the ruling of the Premier League’s commission. “The club believes that the commission has imposed a wholly disproportionate and unjust sporting sanction. The club has already communicated its intention to appeal the decision to the Premier League. The appeal process will now commence and the club’s case will be heard by an appeal board appointed pursuant to the Premier League’s rules in due course. “Everton maintains that it has been open and transparent in the information it has provided to the Premier League and that it has always respected the integrity of the process. “The club does not recognise the finding that it failed to act with the utmost good faith and it does not understand this to have been an allegation made by the Premier League during the course of proceedings. Both the harshness and severity of the sanction imposed by the commission are neither a fair nor a reasonable reflection of the evidence submitted. “The club will also monitor with great interest the decisions made in any other cases concerning the Premier League’s Profit and Sustainability rules.” Manchester City face 115 charges for allegedly breaching FFP rules in a case that has not yet been heard while Chelsea could also face charges relating to former owner Roman Abramovich’s reign. Everton had announced a total loss of over £300m for the three-year period from 2019 to 2022, far above the £105m permitted. However, clubs were also permitted additional losses related to the Covid-19 pandemic and infrastructure costs are exempt, meaning there is a grey area in terms of interest payments on the costs of building Everton’s new stadium. Everton contend that that is where the discrepancy lies and that it is a matter of the interpretation of accounting. In addition, Everton had a £200m pre-agreement for a naming rights deal for their new Bramley-Moore Dock stadium with USM, Alisher Usmanov’s company, which they had to abandon after Russia’s illegal invasion of Ukraine in February 2022. Everton have willingly operated under a de facto salary cap since then. The Premier League provided the club with financial guidelines and Everton have a net profit of £28m from the last four transfer windows – the third largest, after Leicester and Brighton, in that time. The Independent has previously reported that an extra layer of political pressure was exerted by the anticipated introduction of an independent football regulator – as laid out by prime minister Rishi Sunak in the King’s Speech earlier this month – with other figures in the sport believing the Premier League is attempting to show the government it can regulate itself. Eyes will now turn to Burnley, Leeds United and Leicester City, who had threatened to sue the Merseyside club for financial losses should they be found guilty of an FFP breach. Read More Watch: Everton CEO responds to Premier League after point deduction Everton vow to fight to ‘unjust’ Premier League points deduction Victor Lindelof: Scoring more goals is next step for Manchester United Sean Dyche: Everton are starting to show belief on the road after latest win Everton edge Crystal Palace in five-goal thriller On this day in 2014: David Moyes appointed Real Sociedad head coach
2023-11-17 22:27

Hillsong Church founder Brian Houston not guilty of concealing father's abuse
Brian Houston was accused by Australian prosecutors of covering up abuse to protect reputations.
2023-08-17 10:19

LeBron James news: Minutes drama, AD struggles, refs didn't help
A miscalled poster dunk, Charles Barkley's criticism of Anthony Davis, and an unwanted pitch count. Here's your LeBron James news roundup.
2023-10-27 08:15

Chaos in House GOP intensifies with Scalise's speakership bid in peril
The House Republican Party is sliding even deeper into disarray as it feuds over its next speaker, apparently oblivious to the picture of US government dysfunction it is sending at a moment of worsening global crises.
2023-10-12 12:56
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