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World - Chelsea seal huge sponsorship deal with Japanese firm

Chelsea on Thursday revealed The Yokohama Rubber Company Ltd will be their shirt sponsor from next season in a five-year deal which is reported to be the second largest in Premier League history. The west London club, who agreed a 10-year kit deal with Adidas worth in the region of £300 million ($462 million, 412 million euros) in June 2013, said the size of the deal with tyre manufacturer Yokohama Rubber was commercially sensitive. Yokohama Rubber replaces Korean electronic giants Samsung, which has sponsored Chelsea since 2005 in a deal which was re-signed in 2013 and worth a reported £18 million. A Chelsea statement read: `Chelsea Football Club is delighted to unveil The Yokohama Rubber Company Ltd as our new official shirt partner in our largest-ever commercial deal.

Thursday, February 26, 2015  20:58


World - Adviser to Iran president blames `extremists` for rights abuses

An adviser to the Iranian president has admitted that human rights violations are being committed in the Islamic republic, blaming them on `extremist` members of the regime, newspapers reported Thursday. Ali Younessi, a former minister of intelligence who now serves as President Hassan Rouhani`s adviser on religious and ethnic minorities, said Iran `should be able to get rid` of such individuals, media said. `Still now there are many cases of violations in the prisons, the tribunals and elsewhere, where we see the influence of extremist elements which the Islamic republic should be able to get rid of,` Younessi said. As a result, Younessi said, `Iran is held responsible` by the world community and rights groups for human rights abuse.

Thursday, February 26, 2015  19:27


World - Eighteen killed in suicide blast in northeastern Nigeria

Eighteen people were killed when a suicide bomber blew himself up at a crowded bus station in northeast Nigeria on Thursday, while a second bomber was shot dead before he could detonate his explosives, witnesses told AFP. Babagana Kyari, a civilian vigilante, said `at least 18 people, including three women, died... and several others were injured` in an account supported by local resident Ali Dauda. The attack happened after two men arrived the Tashar Gandu motor park on the edge of the town in Borno state, where one detonated his explosives among passengers and vendors, onlookers said. Another blast hours earlier, also at a bus station, killed 17 in the commercial capital of Yobe state, Potiskum, but it was not confirmed as a suicide attack.

Thursday, February 26, 2015  18:33


Business - Oil up near $62 after Saudi comments on demand

Oil rose towards $62 a barrel on Thursday as indications of a coming recovery in demand offset a further jump in U.S. crude stockpiles which underlined currently ample supplies. Crude benchmarks in the U.S. and Europe posted their largest percentage gains in nearly two weeks on Wednesday, supported by remarks from Saudi Arabia`s oil minister, Ali al-Naimi, and a slightly stronger-than-expected Chinese manufacturing survey. Brent crude rose 30 cents to $61.93 by 7.32 a.m. ET, after jumping more than 5 percent on Wednesday. `The comments yesterday, the change of tone from Saudi Arabia, is still an element,` said Olivier Jakob, analyst at Petromatrix, of Brent`s gain.

Thursday, February 26, 2015  12:50


World - Somalia`s al Shabaab say fire mortars at presidential palace

By Feisal Omar MOGADISHU (Reuters) - Somalia`s al Shabaab militants said they carried out a mortar attack on the presidential palace in the capital Mogadishu on Thursday, but there were no immediate reports of casualties. Several landed inside the palace,` Al Shabaab`s military operation spokesman told Reuters. `We are investigating those who are behind the attack and where they were fired from,` said Captain Ali Hussein, a police officer. Somalia is trying to rebuild after two decades of civil war and lawlessness, but persistent attacks in the capital have complicated that effort.

Thursday, February 26, 2015  12:30


World - London shares retreat at open

London shares were flat at the start of trading on Thursday as the Royal Bank of Scotland reported a huge net loss for 2014. The benchmark FTSE 100 index slipped 0.02 percent, or 1.53 points, to 6,933.85 points. RBS, about 80-percent owned by the British government after a 2008 bailout, said losses after tax totalled £3.47 billion last year following a £4.0 billion writedown on Citizens, part of its US operations. Edinburgh-based RBS confirmed that former financial watchdog chief Howard Davies will be its chairman from September, replacing Philip Hampton, who is joining pharmaceutical giant GlaxoSmithKline.

Thursday, February 26, 2015  09:25


World - UK government sells 1% stake in Lloyds bank for £500 mn

The British government has sold a 1.0-percent stake in state-rescued Lloyds Banking Group for £500 million ($769 million, 677 million euros) under plans to return it to private ownership, the Treasury said on Monday. The sale has trimmed the government`s stake from 24.9 percent to just under 24 percent, the ministry said in a statement. Britain still owns a large chunk of Lloyds after bailing it out with £20 billion of taxpayers` cash at the height of the 2008 global financial crisis. The government initially took a 39-percent share of Lloyds and has so far raised almost £8.0 billion selling bits of its holding.

Monday, February 23, 2015  09:03


World - Telecoms group BT raises £1.0bn to help buy EE

British telecoms and TV firm BT has raised about £1.0 billion via a shares sale to help fund its takeover of mobile operator EE, it said Thursday. The company had agreed one week ago to purchase EE for £12.5 billion in a cash-and-shares deal partly funded by a £1.0-billion rights issue.

Thursday, February 12, 2015  18:28


World - Premier League clubs in record £950 mn transfer spend - report

Premier League clubs spent a record £950 million ($1.4 billion, 1.2 billion euros) combined in the 2014/15 pre-season and mid-season transfer windows, according to a report published by financial analysts Deloitte on Tuesday. Although Monday`s deadline day was relatively low key, with Premier League leaders Chelsea`s signing of Colombia winger Juan Cuadrado from Fiorentina the headline purchase, clubs stil spent more on the final day of this particular window -- £45 million -- than they did at the climax of the January 2014 market (£35 million). Nevertheless, the total spent by clubs across the two windows has surpassed the previous highest of £760 million in the 2013/14 season and is a further example of the increased financial strength of leading English clubs, who have benefitted from increased television and other broadcast revenues.

Tuesday, February 03, 2015  11:40


World - London shares fall as BT shells out to fill pension fund hole

London shares were lower in early trade on Friday as index heavyweight BT sank after the telecoms giant revealed the hole in its pension fund has swelled to £7 billion. The benchmark FTSE 100 index fell 29.79 points or 0.44 percent to 6,780.81 points at 9:54 am. `The FTSE is off as it struggles to keep up with the optimism of the eurozone equity indices,` said Alastair McCaig, market analyst at IG. BT shares shed 2.07 percent to 420.20 pence as the company said a new valuation of the pension fund showed that the deficit has swollen to £7 billion from £3.9 billion at the last valuation in 2011.

Friday, January 30, 2015  10:39

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