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Premier League accuses Man City of violating multiple financial regulations

February 6, 2023 by economictimes.indiatimes.com Leave a Comment

Synopsis

The Premier League has accused Manchester City of breaking a number of financial regulations.

The Premier League has accused Manchester City of many suspected financial rule violations and sent the matter to an independent panel. Despite being the defending champions, Man City is now ranked second in the rankings, five points behind Arsenal .

The alleged violations are said to have occurred between the 2009-10 season and the 2017-18 season.

The team is accused of breaking Premier League regulations that provide for the transmission of “correct financial information that gives a truthful and fair perspective of the club’s financial status” in “the utmost good faith.”

According to the league, precise financial data was needed for “income (including sponsorship money), its linked parties, and its running expenditures.”

Regarding the seasons 2009–10 to 2012–13 inclusive, the second set of alleged violations is connected to the requirement that “a member club should include full details of manager salary in its applicable contracts with its manager.”

Who Is The World’s Number 1 Footballer In 2023?

  • Who Is The World’s Number 1 Footballer In 2023?
  • Lionel Messi
  • Robert Lewandowski
  • Kylian Mbappe
  • Cristiano Ronaldo

Who Is The World’s Number 1 Footballer In 2023?

Lionel Messi

The PSG and Argentina Center forward has a total of 804 career goals and leads the chart. He recently lifted the FIFA world cup and scored a total of 13 goals in the competition.

Robert Lewandowski

The former Bayern Munich player signed for Barcelona this season and has scored a total of 636 goals. The Polish striker recently won the Spanish super cup.

Kylian Mbappe

France’s second highest goal scorer with a total of 12 goals in 2 editions stood at rank 3 on the list. The PSG star is the fastest footballer in the world and is linked to Real Madrid for the move this summer.

Cristiano Ronaldo

The former United star recently joined Al-Nassr FC for a salary of $210 million per annum. He is also the highest goal scorer of all time with 819 goals.

Between December 2009 to May 2013, Roberto Mancini , the current manager of Italy , managed the club.

The second set of alleged violations likewise pertains to the clubs’ obligations to include complete information on player compensation in the applicable contracts for the seasons 2010–11 to 2015–16, inclusive.

FAQs:

  1. Who is the oldest football club?
    Sheffield F.C.
  2. Who is Man City’s top scorers?
    Sergio Aguero (Retired), 260 goals.

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Donald Trump braces for major donation snub as Koch brothers ready to ‘turn page on past’

February 6, 2023 by www.express.co.uk Leave a Comment

Donald Trump says ‘get this crazy war ended now’

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Donald Trump could be on the brink of being handed a hammer blow as a new memo showed the Koch group is looking for a new candidate to support in the 2024 Presidential election. The network founded by billionaire industrialist brothers David and Charles Koch has been one of the most influential donor groups for over 15 years, as hundreds of ultrawealthy conservatives back it. The Koch organisation has invested over $500 million in Republican candidates in recent years but has never stepped into the presidential debate before.

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But a memo penned by Emily Seidel, the chief executive of the largest nonprofit group in the network, Americans for Prosperity, suggested the brothers are ready to move their support in a bid to “turn the page on the past.”

The message, shared with affiliated activists and donors, read: “The Republican Party is nominating bad candidates who are advocating for things that go against core American principles. And the American people are rejecting them.

“And to write a new chapter for our country, we need to turn the page on the past. So the best thing for the country would be to have a president in 2025 who represents a new chapter.

“The American people have shown that they’re ready to move on, and so A.F.P. will help them do that.”

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donald trump koch brothers presidential election

Trump could see a potential opponent get a significant boost from the Koch brothers (Image: GETTY)

koch brothers charles david koch republicans

Charles and David Koch have donated over $500 million in GOP campaigns over the past decade (Image: CBS)

While not directly naming Trump, who remains the most prominent Republican in the race for the nomination, the message read as a clear warning the network is prepared to move away from him if a stronger candidate emerges.

Seidel noted that the organisation should learn from a key lesson of the 2022 mid-terms “that the loudest voice in each political party sets the tone for the entire election. In a presidential year, that’s the presidential candidate.”

Trump faced criticism last year after a majority of the candidates he endorsed in the run-up to the mid-terms failed to win their seats.

He is so far the only Republican to have officially declared his intentions to run in 2024 but Nikki Haley, who served as Ambassador to the UN under Trump, is expected to confirm she is running next week.

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donald trump 2024 presidential election

Donald Trump is the only candidate to have declared so far (Image: GETTY)

The Koch network officially opposed some of President Trump’s policies while he was in office, including the imposition of tariffs.

A donation from the organisation would provide any would-be Trump opponent with a major boost thanks to the financial resources that would become available to their campaign.

The group had previously avoided coming out in support of a presidential candidate because of the many ideologies making up its donor pool, and the variety could ultimately prove to be a major obstacle in uniting behind a common individual.

In 2016, Charles Koch, who remains more active on the political scene than his brother David, sat on the sidelines after Trump won the GOP nomination and compared having to choose between the businessman and Hillary Clinton to having to pick between “cancer or a heart attack.”

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Of Trump, Koch suggested that “he’s a fine fellow underneath,” but noted that his “guiding principles are antithetical”.

He later apologised publicly for the network’s financial backing of the Republican Party as he insisted the group had “abandoned partisanship”.

But Seidel noted in the memo the organisation would focus on backing a Republican candidate after she noted Democrats “have already chosen their path for the presidential — so there’s no opportunity to have a positive impact there.”

She added that the Americans for Prosperity group is “prepared to support a candidate in the Republican presidential primary who can lead our country forward, and who can win.”

Follow our social media accounts here on facebook.com/ExpressUSNews and @expressusnews

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Outnumbered and Worn Out, Ukrainians in East Brace for Russian Assault

February 6, 2023 by www.nytimes.com Leave a Comment

NEVSKE, Ukraine — In a tiny village in eastern Ukraine at the epicenter of the next phase of the war, Lyudmila Degtyaryova measures the Russian advance by listening to the boom of incoming artillery shells.

There are more and more of them now. And they are coming more frequently, as Russian troops grind their way forward.

“You should see the fireworks here,” said Ms. Degtyaryova, 61, as the sounds of artillery howled all around. “It is like New Year’s.”

Russia’s military is preparing to launch a new offensive that could soon swallow Ms. Degtyaryova’s village of Nevske, and perhaps much more in the eastern Ukrainian region known as the Donbas. But already the impact of Russia’s stepped-up assault is being felt in the towns and villages along the hundreds of miles of undulating eastern front.

Exhausted Ukrainian troops complain they are already outnumbered and outgunned, even before Russia has committed the bulk of its roughly 200,000 newly mobilized soldiers. And doctors at hospitals speak of mounting losses as they struggle to care for fighters with gruesome injuries.

The civilians standing in the way of Russia’s planned advance once again face the agonizing decision of whether to leave or to stay and wait out the coming calamity. This area in the northern Donbas was among the last to be liberated in a Ukrainian blitz offensive last fall that raised hopes among local residents that their months of trauma were over.

But the war has come back. Two weeks ago, a Russian shell landed in Ms. Degtyaryova’s yard, and as she contemplated her future over the weekend, the remains of her barn still smoldered.

She has rabbits, ducks and three pregnant cows to care for. A chicken, its feathers partly burned off in the recent strike, lay recovering in a bed of hay, its small injured foot in a homemade cast.

The State of the War

  • On the Ground: Amid what Ukrainian officials say is the beginning of a new Russian offensive , Kyiv’s troops are under increasing pressure across the eastern front , with fighting particularly fierce around the city of Bakhmut .
  • Leadership Shake-Up: President Volodymyr Zelensky’s political party will replace Ukraine’s defense minister , Oleksii Reznikov. The expected move comes amid a widening corruption scandal , although Mr. Reznikov was not implicated in wrongdoing.
  • E.U. Visit to Kyiv: European Union leaders met with Mr. Zelensky and vowed to continue supporting his country. But they withheld a prize the Ukrainian president dearly wants: accelerated E.U. membership.
  • Nuclear Fears Abate: U.S. policymakers and intelligence analysts are less worried about Russia using nuclear weapons in the war. But the threat could re-emerge , they say.

If the Russians come back, she lamented, she’ll have to flee.

“I’ve started to pack my things, if I’m being honest,” she said. “The soldiers will cover my back and I will leave. I’ll let my cows out and I’ll go. I don’t want to go back there.”

When and where the new offensive will begin in earnest is still unclear, but Ukrainian officials are gravely concerned. Ukraine’s military defied dire assessments before the war, thwarting Russia’s early efforts to seize the capital, Kyiv, and eventually driving Russian forces back in the northeast and south.

But the Russian military just keeps coming. Right now, the newly mobilized troops are finishing their training and entering the field; the forces include as many soldiers as took part in the initial invasion last year.

They could be ready to fight in as little as two weeks, said Serhiy Haidai, the governor of the Luhansk Region, which includes Nevske — much sooner than new Western weapons, including tanks and heavy armored fighting vehicles, are expected to arrive in Ukraine.

“There are so many,” Mr. Haidai said of the new recruits. “These are not professional soldiers, but it is still 200,000 people who are shooting in our direction.”

Russia is expected to punch hard, looking to reverse nearly a year of cascading failure. While a renewed attack on Kyiv is now considered improbable, Russian forces will likely try to recover territories they lost last fall. as well as take full control of the Donbas, a key objective of Russia’s president, Vladimir V. Putin.

Military analysts say that one likely scenario would be for Russian forces to swing down from the north and up from the south in an arc, creating a large claw that would cut off Ukrainian supply lines running east and west. That would put villages like Nevske in the direct path of Russia’s likely advance.

For locals it would be a disaster. Out here at the far edge of Ukraine’s offensive, people have not experienced the fruits of liberation the way Ukrainians farther west have. There is still no power or water and the fighting has never subsided. Fields of black unharvested sunflowers are pocked with snow-filled craters, and the area is littered with burned out tanks and unexploded ordinance and mines that frequently kill livestock. Passing through the region, one occasionally comes across their frozen bodies or bones.

In Makiivka, just north of Nevske, five of Ruslan Vasilchenko’s cows have been killed, and those that remain were huddled on a recent day in a tiny barn that had been spackled with shrapnel. There was a burned tank in his garden and two destroyed cars in his courtyard. He said he expected things would get much worse soon.

“Over the last few days, the soldiers have come by to tell us not to leave our homes,” he said.

The first stages of the Russian offensive have already begun. Ukrainian troops say that Bakhmut, an eastern Ukrainian city that Russian forces have been trying to seize since the summer, is likely to fall soon. Elsewhere, Russian forces are advancing in small groups and probing the front lines looking for Ukrainian weaknesses.

The efforts are already straining Ukraine’s military, which is worn out by nearly 12 months of heavy fighting.

Troops say they have tanks and artillery pieces, but not enough of either, and have far less ammunition than their adversaries. Russian forces have also started to field more sophisticated weaponry, like the T-90 tank, which is equipped with technology capable of detecting the targeting systems of anti-tank weapons like the American made Javelins, limiting their effectiveness.

Mostly, though, the challenge comes down to numbers.

“It’s particularly difficult when you have 50 guys and they have 300,” said a 35-year-old infantry soldier named Pavlo, who was struck in the eye with a piece of shrapnel from a rocket-propelled grenade near Bakhmut. “You take them out and they keep coming and coming. There are so many.”

Losses among Ukrainian forces have been severe. Troops in a volunteer contingent called the Carpathian Sich, positioned near Nevske, said that some 30 fighters from their group had died in recent weeks, and soldiers said, only partly in jest, that just about everyone has a concussion.

“It’s winter and the positions are open; there’s nowhere to hide,” said a soldier from the unit with the call sign Rusin.

At one frontline hospital in the Donbas, the morgue was packed with the bodies of Ukrainian soldiers in white plastic bags. In another hospital, stretchers with wounded troops covered in gold foil thermal blankets crowded the corridors, and a steady stream of ambulances arrived from the front nearly all day long.

A military surgeon at that hospital, Myroslav Dubenko, 36, scrolled through photographs of soldiers with ghastly injuries: a lower jaw blasted off, half of a face missing. One soldier was rushed in with his throat sliced open from ear to ear. Dr. Dubenko was able to quickly repair the damage, and the soldier survived.

“In civilian life, you know that no matter how horrible your shift is, it will end sooner or later,” Dr. Dubenko said. “Here, you never know when it will end.”

It not just the influx of soldiers that is consuming doctors; civilians, too, are frequent victims of Russian attacks. For Andriy Drobnytsky, a 27-year-old military doctor, this is part of a deliberate strategy of overwhelming Ukraine’s military hospitals. Last week, a retired prison guard was rushed into the military hospital where Dr. Drobnytsky is deployed, his hand blown apart by a mortar shell that exploded while he was gathering firewood. Dr. Drobnytsky assisted in sewing his hand back together, probably saving his index finger.

“If there are lots of victims, we’ll get distracted by them,” he said. “You just can’t abandon them, right?”

Whether Russia will be able to capitalize on its strength in numbers is an open question. Russian soldiers, according to Ukrainian and Western assessments, are dying in far greater numbers. American officials now estimate the number of Russian troops wounded and killed to be approaching 200,000, an astounding casualty rate.

In his sleeping quarters at a base near Bakhmut, a soldier with the call sign Badger pulled out a cloth bag and dumped its contents onto a cot. Inside were half a dozen knives — one with a hilt made from a deer’s hoof — trophies he said he had taken from the bodies of dead Russian soldiers.

“We also have losses, but they have huge losses,” Badger said. “We’ve wasted them all in huge numbers.”

Back near Nevske, soldiers from the Carpathian Sich said they had enough ammunition to hang on for now. One soldier, with the call sign Diesel, showed videos on his phone of the bodies of Russian troops he had killed when they came too close.

As they have since the beginning of the war, the Russians continue to make stupid mistakes, he said. From one dead officer, Diesel said, he took a tablet computer without an access code that had the coordinates of all of their mines and snipers.

In a video he recorded from the front, Diesel approaches a body lying in the snow, his rifle muzzle trained on the Russian’s head.

“Hello,” he whispers after determining the man was dead. “Did you sleep well?”

Filed Under: Uncategorized Military, Russian Invasion of Ukraine (2022), Civilian casualties, Guns, Hospital, Fatalities;casualties, Vladimir Putin, Donbas, Russia, Ukraine, None, World, Defense...

Luxury Goods Retailers Bracing For A Strong Valentine’s Sales Season

February 6, 2023 by www.forbes.com Leave a Comment

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Luxury goods retailers could be headed for a strong Valentine’s sales season if estimates prove accurate. According to the National Retail Federation (NRF), consumer spending in the U.S. may reach as high as $25.9 billion this year on Valentine’s Day gifts ranging from gold jewelry to clothes to fine chocolates.

That would make 2023 the second-best year for sales since the NRF began tracking this data.

Of the nearly $26 billion, roughly 21% is forecast to be spent on jewelry, representing $5.5 billion. Clothing could fetch 19%, or around $5 billion.

LVMH Posts A “Record” Year

Valentine’s is just one shopping event, of course, and even if we were to exclude it, luxury sales would still be very strong at the moment, despite economic headwinds such as persistently high inflation and rising interest rates.

That’s the takeaway from LVMH, which posted what it’s calling a “record” year in 2022. All-time high revenue and profit were recorded in the company’s wine and spirits category, and record revenue was generated in fashion and leather goods. Total revenue for the year stood at 79.2 billion euros ($86 billion), while profit was 21.1 billion euros ($22.9 billion). Both figures were up 23% from the prior year.

LVMH, the world’s largest luxury goods conglomerate with an impressive stable of recognizable brands—including Louis Vuitton, Christian Dior and Tiffany—is often seen as an industry bellwether because of its size and reach. In its annual report, the company said that 2023 was off to a robust start, and it stressed its confidence in its ability to continue the momentum from last year and maintain its global leadership.

China’s Reopening Is Constructive For Luxury Goods

I’m particularly bullish on the luxury goods industry, due in large part to China’s recent announcement that it would lift quarantine requirements for travelers entering the country. Before the pandemic, Chinese tourists were the world’s biggest spenders on luxury items while traveling abroad. European luxury retailers even began hiring Mandarin speakers to service the massive influx of travelers from China.

Three years after the start of the pandemic, the Chinese government is incrementally relaxing its restrictive zero-Covid policies, and I imagine luxury goods retailers couldn’t be happier.

Filed Under: Uncategorized LVMH, National Retail Federation, China, luxury, luxury goods, Valentine's, Markets, ..., counterfeit luxury goods, luxury fashion retailers, counterfeiting luxury goods, preowned luxury goods, tax on luxury goods, resale luxury goods, auction luxury goods, luxury goods & jewelry, japan luxury goods, luxury goods careers

Dell to slash about 6,650 jobs

February 6, 2023 by www.asiaone.com Leave a Comment

Dell Technologies Inc will eliminate about 6,650 jobs, or about five per cent of its global workforce, hurt by falling demand for its personal computers, Bloomberg News reported on Monday (Feb 6).

The company is experiencing market conditions that “continue to erode with an uncertain future,” co-Chief Operating Officer Jeff Clarke wrote in a memo to employees, the report said.

The previous cost-cutting measures, including a pause on hiring and limits on travel, are no longer enough, Clarke said in the memo.

The department reorganisations and job cuts are an opportunity to drive efficiency, a company spokesperson told Bloomberg News.

Dell did not immediately respond to a Reuters email for comment.

Companies from Microsoft Corp to Amazon.com Inc and Goldman Sachs Group Inc have cut thousands of jobs recently to help ride out a demand downturn as consumer and corporate spending shrinks due to high inflation and rising interest rates.

Layoffs in the US hit a more than two-year high in January as technology firms cut jobs at the second-highest pace on record to brace for a possible recession, a report showed on Thursday.

ALSO READ: I’m looking to buy a third property to generate $10k per month rental income: Which $1.5m property is best?

Filed Under: Uncategorized Money, Dell, Job cuts, United States, Employers/Employees, why is gm slashing jobs, dell account executive job description, dell precision 650, dell precision 650 workstation

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