Fifa chiefs make sudden U-turn on technology vow July 19, 2010 WORLD governing body Fifa has backtracked on its pledge to reconsider implementing goal-line technology in the wake of Frank Lampard’s disallowed World Cup strike. Fifa president Sepp Blatter vowed to reopen the debate after Lampard’s legitimate effort was missed by all officials as England crashed out to Germany. Blatter pinpointed tomorrow’s meeting of the International [...]
Games cost trimmed by £27m July 19, 2010 OLYMPICS: London 2012 chiefs have cut £27m from the cost of staging the Games in response to the government slashing public spending. The savings have come from efficiency measures and procurement gains, a report published yesterday revealed. In total the Games will now cost the public sector £9.3bn. Minister for Sport and the Olympics Hugh [...]
Schumacher ‘to vie for 2011 title’ July 19, 2010 FORMULA ONE: Mercedes boss Norbert Haug insists Michael Schumacher is unruffled by his disappointing return to the track and will not walk away. The German seven-time champion is well off the pace in the current title battle, prompting some experts to predict he will abort his comeback. But Haug said: “Michael will concentrate for the [...]
Mayweather won’t be rushed July 19, 2010 BOXING: Floyd Mayweather insists he is in no hurry to fix a long-anticipated super-fight with Manny Pacquiao. The latest deadline for a deal to be agreed passed on Saturday, meaning Pacquiao is free to line up an alternative opponent for his next bout. But the American said: “I’m not interested in rushing to do anything. [...]
Moody’s cuts Irish debt as crisis deepens July 19, 2010 WEAKENED growth prospects and the Irish government’s significant loss of financial strength drove ratings agency Moody’s to downgrade Ireland to Aa2 from Aa1 yesterday. It said the reason for the downgrade was: “The government’s gradual but significant loss of financial strength, as reflected by the substantial increase in the debt-to-GDP ratio and weakening debt affordability.” [...]
American firms to expand recruitment July 19, 2010 PLANS by American firms to add to their payrolls over the next six months have risen to the highest level since January 2008 but service sector firms are still predicting further layoffs. The National Association for Business Economics (NABE) yesterday said that 39 per cent of firms reported increased hiring intentions compared to 18 per [...]
IMF wants $1 trillion in total lending capabilities July 19, 2010 THE International Monetary Fund (IMF) wants to beef up its lending capabilities to $1 trillion (£657bn) to prevent future financial crises. The IMF wants to agree financing deals in advance that will be specially tailored to individual countries, rather than respond to crises with conditional loan packages, the Financial Times reported yesterday. “Even when not [...]
NAHB adds to fears of US housing slump July 19, 2010 FEARS of a double-dip in the US housing market grew yesterday after a key housing index slumped to a 15-month low and expectations of future sales were extremely weak The NAHB index, which measures sentiment on home building, slumped in July to 14 from a downwardly-revised 16 in June, indicating that demand for new homes [...]
Fall in domestic demand to hit China’s imports July 19, 2010 ASIAN powerhouse China is expected to grow its exports by 16.3 per cent in the second half of this year compared to the same period a year earlier, the China Securities Journal said yesterday, citing a report by the country’s State Information Centre. Full-year growth of exports is estimated at around 24.5 per cent. Imports [...]
Tomkins gets £2.9bn offer July 19, 2010 INVESTORS in Tomkins, the automotive and building products group, reacted coolly to a £2.9bn takeover approach from a consortium of Canadian investors yesterday. Tomkins said it was in advanced talks with a team comprising Onex, Canada’s largest listed private equity house, and the Canada Pension Plan Investment Board, a gargantuan savings fund, over an indicative [...]
