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Amazon Is Laying Off Hundreds of People in Alexa Division
Amazon Is Laying Off Hundreds of People in Alexa Division
Amazon.com Inc. is cutting hundreds of employees in the division responsible for its voice-activated Alexa assistant, according to
2023-11-17 23:23
Echoes of Bitcoin’s 2021 Record Run Emerge in the Derivatives Market
Echoes of Bitcoin’s 2021 Record Run Emerge in the Derivatives Market
A burst of activity in Bitcoin derivatives has evoked memories of the period in late 2021 when the
2023-11-17 23:20
Moody’s Lowers Tyson’s Outlook Ahead of Refinancing Push
Moody’s Lowers Tyson’s Outlook Ahead of Refinancing Push
Moody’s Investors Service on Thursday lowered its outlook for Tyson Foods Inc. as it expects the largest US
2023-11-17 22:58
Star Litigator David Boies to Step Down From Helm of His Law Firm
Star Litigator David Boies to Step Down From Helm of His Law Firm
Star litigator David Boies plans to step down from the chairmanship of Boies Schiller Flexner next year after
2023-11-17 22:54
Big Tech’s $2 Trillion Rally Saves Nasdaq From Correction
Big Tech’s $2 Trillion Rally Saves Nasdaq From Correction
Investors were given plenty of opportunities to fret about the outlook for technology giants this earnings season. Instead,
2023-11-17 22:51
Lagarde Calls for European SEC by Expanding Watchdog’s Power
Lagarde Calls for European SEC by Expanding Watchdog’s Power
European Central Bank President Christine Lagarde proposed granting more powers to the European Union’s securities watchdog, turning it
2023-11-17 22:45
Everton rocked by points deduction as Premier League takes stand over financial fair play
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
Recession, Inflation, Devaluation: Argentina’s Economic Troubles in Five Charts
Recession, Inflation, Devaluation: Argentina’s Economic Troubles in Five Charts
Argentina’s next president will take over in the middle of a financial emergency — which is par for
2023-11-17 22:16
Fairfax Offers to Take Agritech Firm Farmers Edge Private at 99% Below IPO Price
Fairfax Offers to Take Agritech Firm Farmers Edge Private at 99% Below IPO Price
Canadian financial group Fairfax Financial Holdings Ltd. offered to buy out minority shareholders of agriculture technology firm Farmers
2023-11-17 21:51
Everton vow to fight to ‘unjust’ Premier League points deduction
Everton vow to fight to ‘unjust’ Premier League points deduction
Everton have criticised the Premier League’s decision to issue the club with a 10-point deduction as punishment for breaching financial fair play rules, and have vowed to appeal against the decision. The Premier League referred Everton to an independent commission in March for an alleged breach of its profitability and sustainability rules in the period ending in the 2021-22 season, and the league recommended a deduction of up to 12 points. On Friday a Premier League statement said: “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. The Commission concluded that a sporting sanction in the form of a 10-point deduction should be imposed. That sanction has immediate effect.” Everton reacted with anger at the news and rejected the finding that they failed to act in good faith during the Premier League’s investigation. “Everton Football Club is both shocked and disappointed by the ruling of the Premier League’s Commission,” it said in a statement. “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. “Everton cannot comment on this matter any further until the appeal process has concluded.” The sanction was put into immediate effect, meaning Everton dropped from 14th to 19th in the Premier League, and from 14 points to four. 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 have 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 rocked by points deduction as Premier League toughens on financial fair play 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 21:50
Is England vs Malta on TV? Kick-off time, channel and how to watch Euros qualifier
Is England vs Malta on TV? Kick-off time, channel and how to watch Euros qualifier
With qualification secured for Euro 2024, England now bid to secure top spot in Group C and a high seeding at next summer’s tournament. Gareth Southgate’s side face Malta in their penultimate fixture of the qualifying campaign. The Mediterranean nation are bottom of the group and without a point with just one match left to play, losing the reverse fixture 4-0 in June. Malta failed to register even a shot on that occasion but will be hoping for better against an England side missing a couple of regular squad members. Here’s everything you need to know. Get all the latest football betting sites offers here. When is England vs Malta? England vs Malta is due to kick off at 7.45pm GMT on Friday 17 November at Wembley Stadium in London. How can I watch it? Viewers in the United Kingdom can watch the match live on Channel 4, with coverage on the channel from 7pm GMT. A live stream will be available via the Channel 4 website and app. If you’re travelling abroad and want to watch the event, you might need a VPN to unblock your streaming app. Our VPN round-up is here to help and includes deals on VPNs in the market. Viewers using a VPN need to make sure that they comply with any local regulations where they are, and also with the terms of their service provider. Team news England have suffered a number of withdrawals from their squad for this fixture and their final qualifier against North Macedonia, with Jude Bellingham and James Maddison the headline names pulling out after strong starts to the season. There is still no place for Raheem Sterling among Gareth Southgate’s group, though, with Chelsea teammate Cole Palmer earning a call up instead and perhaps in line for a senior international debut. Kemar Reid has earned a first call up for Malta, with the Floriana player now a naturalised citizen of the country. Jodi Jones of Notts County is among the foreign-based contingent and should feature up front, while midfielder Teddy Teuma is also back amongst things after missing the fixture against Italy earlier in the month with an ankle injury. Predicted line-ups England XI: Pickford; Walker, Maguiere, Guehi, Trippier; Alexander-Arnold, Rice, Galllagher; Saka, Kane, Foden. Malta XI: Bonnello; Mbong, S. Borg, Pepe, J. Borg, Camenzuli; Teuma, Guillaumier, Muscat; Jones, Nwoko. Odds England win 1/66 Draw 20/1 Malta win 66/1 Get the latest football odds here. Prediction A comfortable England win. England 5-0 Malta Read More Everton rocked by points deduction as Premier League toughens on financial fair play Everton deducted 10 points for breach of Premier League financial rules Trent Alexander-Arnold shares feelings on England midfield role Everton rocked by points deduction as Premier League toughens on financial fair play Everton deducted 10 points for breach of Premier League financial rules Trent Alexander-Arnold shares feelings on England midfield role
2023-11-17 20:57
Investcorp Ends Debut Flat After $451 Million Abu Dhabi IPO
Investcorp Ends Debut Flat After $451 Million Abu Dhabi IPO
Investcorp Capital Plc, an investment vehicle backed by the Middle East’s biggest alternative asset manager, ended its first
2023-11-17 20:54
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