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World - Big spending clubs shatter Premier League transfer record

Big spending English clubs have shattered the Premier League`s transfer spending record after the total splashed out reached £880 million ($1.1 billion, 1 billion euros) on Thursday. By 1500 GMT, shortly after Manchester City`s signing of Barcelona goalkeeper Claudio Bravo was confirmed, the Premier League clubs` gross spending in the current transfer window had topped the record of £870m set last year. According to financial services firm Deloitte, the figure is likely to pass £1 billion by the time the current window closes next Wednesday as the 20 top-flight teams make the most of the riches reaped from lucrative new television contracts.

Thursday, August 25, 2016  18:56


World - Scotland reports 97% plunge in oil revenues

North Sea oil revenues for Scotland have plunged, according to official data out on Wednesday that unionists said undermined the case for independence following Britain`s vote to leave the European Union. Revenues fell to £60 million (71 million euros, $79 million) in the 2015-2016 financial year from £1.8 billion in the previous 12 months -- a 97-percent drop due to the dip in oil prices, the data showed. Scotland`s public deficit also rose to £14.8 billion, up from £14.3 billion in the 2014-2015 financial year.

Wednesday, August 24, 2016  18:36


World - Chelsea agree to re-sign Luiz, City clear decks on deadline day

Chelsea agreed terms with Paris Saint Germain to re-sign Brazil defender David Luiz on Wednesday, while Manchester City allowed four players to leave on season-long loan deals as the transfer deadline approached across Europe. Luiz was sold by Chelsea to French side PSG for a world record fee for a defender when he joined the French club for £50 million ($65 million, 58 million euros) in 2014.

Wednesday, August 31, 2016  19:51


World - Chelsea agree terms to re-sign Luiz

Chelsea have agreed terms to re-sign Brazil defender David Luiz from Paris Saint-Germain, the two clubs announced on Wednesday. Luiz was sold by Premier League Chelsea to French side PSG for a world record fee for a defender when he joined the French club for £50 million ($65 million, 58 million euros) in 2014. `Chelsea Football Club and Paris Saint-Germain have agreed terms for the transfer of David Luiz back to London,` a statement on Chelsea`s website read, similar to PSG`s own statement.

Wednesday, August 31, 2016  19:14


World - Chelsea land Fiorentina defender Alonso

Chelsea completed their surprise swoop for Fiorentina`s former Bolton left-back Marcos Alonso for a reported £23 million ($30 million, 27 million euros) on Wednesday. Alonso agreed a five-year contract with the Premier League club as Chelsea manager Antonio Conte turned to the Spaniard after missing out on several other defensive targets. The 25-year-old is Conte`s fourth signing since taking charge at Stamford Bridge, following the arrivals of France midfielder N`Golo Kante, Belgium striker Michy Batshuayi and Portuguese goalkeeper Eduardo.

Wednesday, August 31, 2016  18:33


World - Mourinho gives Schweinsteiger Man Utd warning

Manchester United manager Jose Mourinho indicated to out-of-favour midfielder Bastian Schweinsteiger on Friday that there will be no place for him at Old Trafford this season. The Germany international has two years to run on a reported £190,000-a-week ($251,000, 222,200 euros) contract, but has been frozen out by United`s new manager. Schweinsteiger, 32, has declared he will not join another European club and Mourinho suggested that if he stays, he may not even play in the Europa League or the English Football League Cup.

Friday, August 26, 2016  15:02


World - `No radicalisation` in Australia stabbing death: police

A Frenchman who allegedly stabbed a young British woman backpacker to death while saying `Allahu Akbar` in fact has no sign of radicalisation, Australian police said on Thursday. Twenty-nine-year-old Smail Ayad was expected to be charged with stabbing Mia Ayliffe-Chung, 21, multiple times late Tuesday at a backpacker`s hostel in Home Hill, a rural town in north Queensland state. `We are certainly not ruling anything out but what I can say at this stage there is absolutely no -- and I repeat -- there is absolutely no indication of any form of radicalisation or any particular motive in relation to this matter,` Detective Superintendent Ray Rohweder told a press conference.

Thursday, August 25, 2016  06:03


World - Hamilton faces penalty on return after summer break

Spa-Francorchamps (Belgium) (AFP) - Lewis Hamilton returns to work at the Belgian Grand Prix this weekend knowing he faces the prospect of grid penalties in the next few weeks that could dent his prospects of a fourth world championship. After a four-week break for the European summer holidays, the defending three-time champion seeks his fifth consecutive victory for Mercedes and third at the majestic Spa circuit in the hope of increasing his 19-point lead with nine races to go. The regulations allow drivers five penalty-free changes of six different components before grid penalties of up to 15 places are handed out - a situation that could mean Hamilton starts from the back of the grid in pursuit of his Mercedes team-mate and title rival Nico Rosberg.

Thursday, August 25, 2016  02:35


Business - Dollar General takes the battle to Wal-Mart with price cuts

Dollar General`s shares fell as much as 14 percent on Thursday after the company reported quarterly sales below estimates, blaming aggressive competition, lower food prices and a reduction of food stamp coverage in several U.S. states. Larger rival Dollar Tree Inc also reported lower-than-expected sales, sending its shares down 8.3 percent. Dollar General cut prices by 10 percent on average on about 450 of its best-selling items across 2,200 stores during the quarter, Chief Executive Todd Vasos said on a conference call.

Thursday, August 25, 2016  18:28


World - Indian textile maker Welspun under scrutiny over sheets

NEW YORK (AP) U.S. retailers including J.C. Penney and Wal-Mart are scrutinizing whether sheets Welspun India Ltd. had said were high-end Egyptian cotton were actually cheaper knock-offs, questions that have sent the textile company`s shares plunging more than 40 percent.

Thursday, August 25, 2016  17:16

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