Haye camp deny deal February 7, 2011 BOXING: David Haye’s manager Adam Booth has dismissed the suggestion that the WBA heavyweight champion has been offered a date to fight Wladimir Klitschko on 2 July. “I haven’t heard from their camp since December,” said Booth.
Nadal lands top award February 7, 2011 GENERAL: World tennis No1 Rafael Nadal has been named Laureus World Sportsman of the Year. German Martin Kaymer won the Laureus World Breakthrough of the Year Award after winning the US PGA Championship.
Blatter: Qatar World Cup will be in summer February 7, 2011 FIFA president Sepp Blatter has given the strongest indication to date that the 2022 World Cup in Qatar will be played during the summer. Concerns over extreme temperatures in the Gulf region, which can rise up to 50 degrees centigrade in July, led to suggestions that the tournament could be staged in winter. Despite the [...]
All time high for pension assets February 7, 2011 Pension fund assets in the world’s 13 major markets hit a record high of $26 trillion (£16 trillion) last year, it was revealed yesterday. Assets grew by 12 per cent in 2010, after a 17 per cent rise in 2009. The uptick comes after the downturn in 2008 when assets dropped by 21 per cent, [...]
Trichet praises Eurozone watchdog February 7, 2011 Europe’s new economic super-watchdog was talked up by European central bank president, Jean-Claude Trichet, yesterday. The European Systemic Risk Board (ESRB), of which Trichet is also president, will single out problems bubbling in individual countries if they pose a risk to the wider system, he said. The ESRB will flag emerging problems, he said, although [...]
Consumer credit spikes in US February 7, 2011 American consumers boosted their credit card debt in December for the first time since August 2008, official data showed yesterday. Revolving credit card debt climbed by $3.5bn (£2.16bn), while total credit outstanding climbed $6.1bn, well above the expectations of most economists. “We expect the headline series to increase further in the coming months,” said Barclays’ [...]
AOL splashes $315m to buy the HuffPo February 7, 2011 AOL yesterday announced it has bought fast-growing news source the Huffington Post in a deal worth $315m (£196m). As part of the deal Arianna Huffington, co-founder and editor in chief of the US-based media outlet, will take charge of all of AOL’s editorial content. AOL chief executive Tim Armstrong said the deal gives his firm [...]
Don’t forget the ghost of Bebo past February 7, 2011 YOU can’t blame AOL boss Tim Armstrong for pursuing so-called “transformational” deals: he has little option. Once the undeniable king of the web, the firm is now heavily reliant on subscription revenues from its internet service, which are fast disappearing. The surprise is that almost 4m Americans are still willing to pay an average of [...]
Arianna Huffington set for huge windfall February 7, 2011 THE Greek-born co-founder and editor in chief of the HuffPo – as it is affectionately known – is in line for a huge paper windfall after AOL announced it will buy the firm. While it is unclear exactly how much Arianna Huffington will receive – at least three venture capital firms have interests in the [...]
Vodafone to sell the Nexus S Google phone after deal with Carphone ends February 7, 2011 THE Google-branded Nexus S smartphone will end its exclusive run with the Carphone Warehouse, with Vodafone revealing it will start stocking the handset. Vodafone did not confirm when the handset will be available but it is understood it could be in UK stores as soon as March. City A.M. revealed last year the handset, manufactured [...]
