Fifa evade technology debate June 28, 2010 FIFA remains defiant in its decision to oppose goal-line technology, despite even Prime Minister David Cameron adding to calls for it to be introduced. Cameron joined the debate after Frank Lampard was denied a goal in Sunday’s 4-1 defeat by Germany when the ball had clearly crossed the line. Fifa blocked any further experiments with [...]
Real sign £20m Di Maria June 28, 2010 ARGENTINA winger Angel di Maria has sealed a £20m switch from Benfica to Real Madrid. The Spanish club confirmed the transfer last night, making him the first arrival since Jose Mourinho was appointed manager. Di Maria, 22, spent three years in Portugal and won the player of the year award last season as Benfica scooped [...]
Luxury hotel focuses on China June 28, 2010 Luxury hotel chain Mandarin Oriental International is planning on almost doubling its international presence in the next three years and sees China as a major focus, the company said yesterday. The hotel investment and management group will grow from about 24 deluxe hotels and resorts currently, to about 42 in the next 36 months, the [...]
French FA chief quits June 28, 2010 FRENCH Football Association president Jean-Pierre Escallettes quit yesterday following France’s World Cup humiliation. France were eliminated at the group stage in South Africa under coach Raymond Domenech amid reports of conflict in the camp. Domenech has since left the post; now Escalettes will resign on Friday at a meeting of the organisation’s federal council.
Greece plans T-bill auction June 28, 2010 GREECE yesterday announced plans to issue Treasury bills in mid-July to cover maturing debt. The move is seen by analysts as a bold but risky test of market appetite as it is Greece’s first auction since securing a mammoth EU and IMF bailout last month. The debt-choked country is not expected to issue longer-term debt [...]
Nordic Investment Bank to hike capital base for projects June 28, 2010 THE Nordic Investment Bank (NIB) said its board has agreed to hike the bank’s capital base by €2bn (£1.63bn)) to better fund projects, especially in the environmental and transport fields. “There are reasons to believe that the demand for long-term financing will remain high in the coming years; also when the current crisis is over,” [...]
Sweden finishes top in the digital economy stakes, with UK in 13th June 28, 2010 SWEDEN has knocked Denmark off the top spot in digital economy rankings. The list, compiled by the Economist Intelligence Unit assesses the prevalence and quality of countries’ broadband and mobile access, based on fibre and 3G connections. The US finished third, with the UK dropping a place to end up 14th – one place ahead [...]
The boss of the world’s number one caterer is drawing up plans to grow June 28, 2010 It is no exaggeration to say that Compass and its chief executive Richard Cousins has elevated the term low-key into something of an art form. A modest three-storey red brick building in Chertsey, Surrey, is home to the biggest caterer in the world. Cousins, a 51-year-old father of two who rarely gives interviews, is the [...]
BT strikes up a footy deal with BSkyB June 28, 2010 BT HAS finalised a deal with BSkyB to offer its subscribers top-flight football next season. The move, which means football fans can watch their teams on BT Vision for the first time, could rock Sky’s dominance of the pay TV market after decades controlling the lion’s share of subscribers. It follows a controversial Ofcom ruling [...]
The age of austerity should not hurt stocks June 28, 2010 A WEEK has passed since the emergency Budget set the UK on a path of fairly aggressive fiscal consolidation. Public spending will be cut in real terms, Vat is scheduled to rise and new rules are in place to ensure that the debt-to-GDP ratio will fall back to more sustainable levels in the coming years. [...]
