
Explainer-How budget ruling will affect German finances, coalition
BERLIN Germany's constitutional court ruled on Wednesday that the coalition government's decision to re-allocate 60 billion euros ($65.21
2023-11-15 20:21

Chelsea face fresh scrutiny over secret payments made under Roman Abramovich
Chelsea are set to face further scrutiny from the Premier League over reports of payments connected to the club’s former owner Roman Abramovich. The Guardian has reported that Abramovich, a Russian billionaire who owned the club for 19 years until he was sanctioned by the British government last year, used offshore companies to make payments which appear to have been for the club’s benefit. The Premier League is already investigating the club after their new owners became aware of “potentially incomplete financial reporting” linked to the Abramovich era while completing their due diligence as part of the takeover and self-reported the information they discovered to the league and other regulators. The Premier League has not commented on Wednesday’s report, but it is likely it will now look closely at the information reported by the Guardian. A Chelsea spokesperson said: “These allegations pre-date the club’s current ownership. They are based on documents which the club has not been shown and do not relate to any individual who is presently at the club.” Chelsea’s stance under their new owners has been consistent – to examine any allegations of impropriety under the previous ownership as soon as they become aware of them. Abramovich bought Chelsea in 2003 and invested millions as the club enjoyed unprecedented success, including Champions League victories in 2012 and 2021 as well as five Premier League titles. He was forced to sell the club last year after his assets were frozen by the Government following the Russian invasion of Ukraine. The FA has confirmed it is investigating, although it is unclear at this stage whether its investigation relates to the information Chelsea self-reported or the new allegations. Chelsea entered into €10m (£8.7m) settlement with Uefa after also self-reporting the information which came to light during the 2022 takeover to European football’s governing body. PA Read More Ruthless Emma Hayes will fix USA’s ‘arrogance’ and ‘complacency’ How Conor Gallagher navigated ‘crazy’ Chelsea period to target Euro 2024 place Is Real Madrid v Chelsea on TV? Channel, time and how to watch
2023-11-15 20:16

Ukraine war: Army claims foothold on bank of River Dnipro in south
Russian officials admit only that "small groups" of Ukrainian forces have captured a village.
2023-11-15 19:56

Nigeria Long-Bond Demand Jumps as Investors Grab Juicy Yield
A reopening of Nigeria’s longest-dated bond was oversubscribed by more than three times at an auction on Monday
2023-11-15 19:52

JPMorgan Has a New Way to Gauge Its Green Progress
The world’s leading fossil fuel financier has come up with a new way to assess how well it’s
2023-11-15 19:51

Ukraine charges officials tied to Hunter Biden probe and Russia
Three men who helped Rudy Giuliani investigate the Bidens are accused of working with Russia.
2023-11-15 19:47

Chicago Fire sign homegrown midfielder Brian Gutierrez to contract extension
Brian Gutierrez extends his stay with Chicago Fire.
2023-11-15 19:29

Marketmind: Inflation on the ropes, shutdown averted
A look at the day ahead in U.S. and global markets from Mike Dolan Relief at the resumption of disinflation
2023-11-15 19:24

UK Midcaps Bask in Biggest Gains Since Vaccine Breakthrough
Beaten down UK midcap stocks are on track for the sharpest two-day advance since November 2020’s Covid-19 vaccine
2023-11-15 19:21

Deco outlines Barcelona plans for Joao Felix, Joao Cancelo and Ansu Fati
Barcelona sporting director Deco speaks of the chances of Joao Felix and Joao Cancelo joining permanently and whether Ansu Fati will return to the club following his loan spell at Brighton.
2023-11-15 19:20

Cybersecurity Warning Puts Palo Alto’s 87% Rally in Spotlight
Signs of trouble in the cybersecurity sector are making some investors nervous ahead of Palo Alto Networks Inc.’s
2023-11-15 18:58

Supreme Court rules Rwanda asylum policy unlawful
The UK's highest court says the plan leaves people at risk of being sent back to unsafe countries.
2023-11-15 18:57