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World - Premier League club in probe over fake HSBC letters: report

Premier League club Watford are under investigation for allegedly submitting forged HSBC bank letters to support Gino Pozzo taking control of the club, British media reported on Monday. The English Football League has launched a probe into documentation submitted to the sport authority by Watford in July 2014, The Telegraph newspaper said. Two letters dated a week apart state Hornets Investment Limited, the club`s parent company, had a bank guarantee of £7 million ($8.6 million, 7.9 million euros) to fund Watford for the upcoming season.

Tuesday, October 25, 2016  01:48


Business - Oil dips on Buzzard restart, Iraq; U.S. crude tests below $50

By Ethan Lou NEW YORK (Reuters) - Oil prices dipped on Monday, with U.S. crude briefly falling below $50 per barrel, on news of the impending restart of Britain`s Buzzard oilfield and Iraq`s wish to be exempted from OPEC production cuts. Iraq`s oil minister Jabar Ali al-Luaibi said the second-largest producer in the Organization of the Petroleum Exporting Countries (OPEC) wanted to be exempt from output curbs as it needed more money to fight Islamic State militants. OPEC hopes to remove about 700,000 bpd from an estimated global supply of 1.0-1.5 million bpd.

Tuesday, October 25, 2016  00:06


World - British MPs recommend retail tycoon Green lose knighthood

British lawmakers on Thursday approved a motion recommending billionaire tycoon Philip Green be stripped of his knighthood following the collapse of department store chain BHS, which cost 11,000 jobs. MPs in the House of Commons unanimously backed the non-binding motion that Green`s knighthood be `cancelled and annulled` after a debate in which they accused Green of stripping BHS assets. When it collapsed in June, BHS had debts totalling more than £1.3 billion (1.6 billion euros, $1.7 billion), including a £571-million deficit in its pension fund.

Thursday, October 20, 2016  15:42


World - Durham council agrees cricket rescue package

Cash-strapped Durham took another step towards remaining a financially viable first-class club after the local council agreed a `rescue package` for the northeast side. Durham had already agreed a £3.8 million ($4.8 million, 4.3 million euros) bail-out from from the England and Wales Cricket Board -- a cash injection that came with the tough conditions of relegation from the First Division of the County Championship and a 48-point penalty at the start of next season. Wednesday saw Durham County Council announce in a tweet that a plan had been agreed to convert £3.74 million in outstanding debt to the local authority into shares in the club`s new structure as a community interest company.

Wednesday, October 19, 2016  14:19


World - New `$1 billion` FA Cup broadcast deal agreed

England`s governing Football Association announced on Monday it had agreed a new overseas broadcast rights deal for the FA Cup worth a reported $1 billion (919 million euros, £820 million). While concerns have been expressed within English football that the FA Cup has become increasingly less important as a football tournament following the rise of the Premier League, this broadcast deal is evidence of the ongoing global popularity of the world`s oldest senior football knockout competition. `This is a hugely significant deal for the FA as a not-for-profit organisation,` said FA chief executive Martin Glenn.

Monday, October 24, 2016  19:45


World - Karius Liverpool`s number one: Klopp

Jurgen Klopp says that Loris Karius is now his first-choice goalkeeper after the young German replaced Simon Mignolet during the Reds` run up the Premier League table. Mignolet will be back in action for Tuesday`s EFL Cup tie against Tottenham Hotspur but the competition has long been used by leading clubs to rest key players. Karius, who joined for £4.7 million ($6.1 million, 5.4 million euros) during the summer, played in pre-season but then broke his hand and missed the start of the new Premier League campaign.

Monday, October 24, 2016  19:23


World - Britain pledges millions to secure Calais border

Britain has pledged up to £36 million to maintain border controls across the channel in Calais and to ensure France`s Jungle migrant camp remains closed following its demolition this week, Interior Minister Amber Rudd said Monday. `Whilst responsibility for Calais lies with the French government, the juxtaposed controls are a vital part of the UK`s border security and are a valuable economic link,` Rudd told parliament. `We will continue to work with the French government to ensure that the clearance operation is full and lasting,` she said, adding that French authorities faced a `huge challenge` in clearing the camp.

Monday, October 24, 2016  19:23


World - Relief, shattered dreams for migrants leaving Jungle

Abbas Hussein Ali from Sudan was one of the first in line as the evacuation of the squalid Jungle refugee camp began on Monday, overjoyed to finally have a chance at a dignified life. Ali, 25, was up before dawn to be among the first to get on one of the buses taking the camp`s estimated 6,000-8,000 occupants to 451 centres across France. After four long months living in squalid conditions in the camp, which has served as a launchpad for migrants desperate to reach Britain, all Ali wants now is `to study.

Monday, October 24, 2016  18:47


World - Stephen Hawking opens British artificial intelligence hub

Professor Stephen Hawking on Wednesday opened a new artificial intelligence research centre at Britain`s Cambridge University. The Leverhulme Centre for the Future of Intelligence (CFI) will delve into AI applications ranging from increasingly `smart` smartphones to robot surgeons and `Terminator` style military droids. Funded by a £10 million (11.2 million-euro, $12.3-million) grant from the Leverhulme Trust, the centre`s express aim is to ensure AI is used to benefit humanity.

Wednesday, October 19, 2016  22:52


World - British artificial intelligence hub opens

A new research centre opened its doors Wednesday at Britain`s Cambridge University to look at the implications -- good and bad -- of artificial intelligence. Professor Stephen Hawking, who was due to speak at the centre s launch later on Wednesday, said: `The rise of powerful AI will be either the best or the worst thing ever to happen to humanity. Making sure AI is used to benefit humanity is the express aim of the Leverhulme Centre for the Future of Intelligence (CFI), funded by a £10 million (11.2 million-euro, $12.3-million) grant from the Leverhulme Trust.

Wednesday, October 19, 2016  19:38

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