Rivian must face lawsuit claiming it defrauded IPO investors over vehicle prices
By Jonathan Stempel A federal judge said Rivian Automotive must face a lawsuit claiming it defrauded shareholders during
2023-07-06 22:50
MP warns FA Cup will be ‘forever diminished’ by rights deal with Premier League
The FA Cup will be “forever diminished” if a deal is done with the Premier League over the sale of the competition’s overseas rights, according to a member of the Culture, Media and Sport parliamentary committee. The PA news agency understands the Football Association is considering a long-term arrangement where the Premier League sells the international rights to the FA Cup bundled alongside its own rights, with a view to a collective deal netting more money for both parties. Labour MP Clive Efford, who sits on the CMS committee which took evidence from the FA and the Premier League on football regulation in March, believes such a deal would place undue control over the FA Cup in the Premier League’s hands. “The Premier League has shown its contempt for the FA Cup in the past,” Efford told the PA news agency. “Why would anyone who has any concern about the future of the FA Cup put the Premier League in charge of it? “(The FA Cup) is not a competition that (Premier League clubs) value. They prefer the Premier League, the Champions League, that’s what it boils down to. The FA Cup will be forever diminished. I think this is a big issue - it’s the death knell of the FA Cup and the status of the FA Cup. Clive Efford MP “We (the CMS committee) can ask football to come in and talk to us about it, if we choose to do it. “I think this is a big issue – it’s the death knell of the FA Cup and the status of the FA Cup.” The Premier League, FA and EFL have been in separate dialogue over a ‘New Deal For Football’ over the last 18 months which has included talks on the football calendar. Within that, the possibility of scrapping FA Cup replays amid the expansion of UEFA’s club competitions from the 2024-25 season is understood to be under discussion. The Premier League and the FA have not commented on the tender process. PA understands the process will run until July 17. The Infront Sports and Media agency said in a statement issued earlier this week it had been selected as the preferred bidder for a portion of the overseas FA Cup rights in early May following the original tender process, but was told by the FA negotiations were being paused because of a third-party offer it had to assess. Infront said it was considering its legal options and that the FA’s actions “set a dangerous precedent for future tender processes in the industry”. Efford added: “The FA has to act in the interests of the wider football pyramid and whatever it thinks it might get in the short term in terms of a contract for the coverage of the FA Cup, we’re putting the future status of the competition in the hands of people who’ve shown in the past that they find it a burden on their time. “(The FA) are just completely in the thrall of the Premier League and I don’t think that’s good for the long-term future the game.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Clare Connor recalls ‘fairytale’ creation of Women’s Ashes trophy 25 years ago Chelsea not willing to listen to offers for Levi Colwill amid continued interest British wild card Jan Choinski determined to return to Wimbledon
2023-07-06 22:50
Hamilton would welcome peaceful protest at British Grand Prix
Formula One star Lewis Hamilton would have no complaints about a peaceful protest from Just Stop Oil activists at this...
2023-07-06 22:48
Tackle demand, not supply, to cut emissions, oil bosses say
By Dmitry Zhdannikov, Ron Bousso and Shadia Nasralla VIENNA (Reuters) -The bosses of global energy companies this week urged governments
2023-07-06 22:45
Rise of the robots: UN tries to tackle 'mind-blowing' growth of AI
The mind-blowing growth of artificial intelligence poses many questions that have no answers yet, the United Nations admitted Thursday at its AI summit, attended by...
2023-07-06 22:29
Retail traders pile into US stocks; focus shifts to EVs from AI
Retail traders raised their exposure to U.S. stocks in June encouraged by healthy returns, with their focus shifting
2023-07-06 22:27
Pentagon has strategic germanium stockpile but no gallium reserves
WASHINGTON The Pentagon holds a strategic stockpile for germanium but currently has no inventory reserves for gallium, a
2023-07-06 22:27
Gender Law More Than Doubles Women Lawmakers in Sierra Leone
The number of women lawmakers in Sierra Leone is set to more than double after the West African
2023-07-06 22:27
19 Words That Used to Mean Something Negative
Sometimes words move up in the world. Their meanings change with time, becoming more positive—a process linguists call amelioration.
2023-07-06 22:25
AOC shares fear her Threads app was ‘bricked’ five minutes after joining Twitter rival
Rep Alexandria Ocasio Cortez tweeted that her account on Threads – Mark Zuckerberg’s Twitter rival app – was “bricked” after being on the app for just “5 minutes,” on the day of the app’s launch. Highlighting her move to Threads – on Twitter, no less – is perhaps the New York Democrat’s latest move in her feud with Twitter owner Elon Musk. Earlier on Wednesday, she wrote a thread, seemingly taking a jab at Twitter: “Alright, let’s do this thing! May this platform have good vibes, strong community, excellent humor, and less harassment.” It’s unsurprising that the New York congresswoman jumped on the opportunity to join the “Twitter killer” platform, as she hasn’t been shy about her gripes with Mr Musk and his platform. In May, Ms Ocasio-Cortez flagged an imposter account, which she said Mr Musk reacted to with a flame emoji, drawing more attention to the fake account. She tweeted at the time: “FYI there’s a fake account on here impersonating me and going viral. The Twitter CEO has engaged it, boosting visibility.” On other occasions, she has pointed out the dangers of circulating misinformation on Twitter and the problems with potential misinformation after Mr Musk removed checkmarks from official accounts. The New York Democrat also voiced opposition to Mr Musk’s move to make users pay for a blue check mark, tweeting: “Lmao at a billionaire earnestly trying to sell people on the idea that ‘free speech’ is actually an $8/mo subscription plan.” Read More AOC warns Elon Musk is ‘testing waters’ to interfere in 2024 election AOC threatens to leave Twitter after Elon Musk promotes ‘disgusting’ account impersonating her AOC jokes more people watched her gaming online than listened to glitch-ridden DeSantis launch
2023-07-06 22:25
Trump’s co-defendant in classified documents case still hasn’t hired a lawyer
Nearly a month after former president Donald Trump was arraigned on the 38-count federal indictment he and his longtime aide Walt Nauta are facing for allegedly unlawfully retaining national defence information and obstructing justice, the ex-president’s co-defendant still needs legal representation. Mr Nauta, a retired Navy chief petty officer who served as Mr Trump’s White House valet before following him home to Florida after the end of the ex-president’s term, is charged with a single count of making a false statement to federal investigators. The other 37 charges are against Mr Trump, who pleaded not guilty to all of them at his arraignment last month. But even though the charge against him was unsealed at the same time as the charges against his boss, Mr Nauta was not arraigned at the same time as Mr Trump because he did not have a local attorney to appear with him in court. A second attempt to arraign him was scuttled last week after his flight to Florida was cancelled, and a third attempt to arraign him is set for Thursday. Although he is represented by a veteran Washington-based criminal defence lawyer, Stanley Woodward, the Trump aide still needs a lawyer who is licensed to practice in the Southern District of Florida to sponsor Mr Woodward so he can be admitted to practice before that federal court. And without local counsel, Mr Nauta won’t be able to enter a plea when he appears in court. Last week, Mr Woodward told the federal magistrate judge who is set to preside over the arraignment that Mr Nauta would attempt to find a Florida-based attorney by his third attempt at an arraignment, but a review of court records does not show that any local lawyer has officially entered an appearance for him. Although the magistrate judge, Edwin Torres, excused Mr Nauta from appearing in person at the 27 June court date because weather had caused him to be unable to travel, he told Mr Woodward at the time that he could “discuss” the need for a court-appointed lawyer for Mr Nauta if necessary. The charge against Mr Nauta stems from a May 2022 interview with FBI agents, during which he was asked about boxes Mr Trump had brought with him to his Palm Beach, Florida social club after leaving the White House. When investigators asked if he knew of any boxes being brought from a storage room to Mr Trump’s private suite at the club, Mr Nauta replied that he did not even though he had participated in moving some of the boxes at issue. Read More Trump news – live: Trump suggests White House concealing security footage over cocaine scandal as Don Jr branded ‘big baby’ DeSantis doubles down on ‘homophobic’ anti-Trump ad: ‘Totally fair game’ Australian minister calls Donald Trump Jr a ‘big baby’ for cancelling trip down under
2023-07-06 22:23
German 2-year bond yield hits 15-year high as traders eye more hikes
By Harry Robertson and Alun John LONDON (Reuters) -Germany's two-year bond yield jumped to its highest level since 2008 on
2023-07-06 22:22
