Prince Ali Bin Al-Hussein: Who is the man taking on Sepp Blatter for the Fifa presidency? May 29, 2015 Sepp Blatter, the controversial 78-year-old Fifa president, is hoping to win a fifth term in today's election, but must first beat off the competition from a contender 39 years his junior. With Blatter’s reign mired in corruption scandals, contentious World Cup hosting choices and most recently a sensational series of arrests of senior officials, the Jordanian [...]
Sberbank keeps head above water despite Russia’s woes May 28, 2015 RUSSIA’S largest lender Sberbank kept in the black in the first quarter, managing to report a profit despite the country’s economic troubles. The economy is threatened with a deep and prolonged recession, thanks to low oil prices and Western sanctions imposed over the state’s war with Ukraine. But Sberbank still managed to report a profit [...]
Blatter remains defiant despite engulfing crisis May 28, 2015 DEFIANT president Sepp Blatter refused to quit his position at the top of the scandal-ridden world governing body yesterday as the shockwaves from the Fifa corruption scandal continued to reverberate throughout football. Uefa counterpart Michel Platini demanded that Blatter resign, while failing to rule out further challenges to the 79-year-old’s authority should he win today’s [...]
Fifa president Sepp Blatter resists calls to resign May 28, 2015 Fifa President Sepp Blatter has rejected calls to resign amid the worst crisis in the global governing body's 111-year history. Michel Platini, head of Europe's football governing body Uefa, said he had told Blatter to go "with tears in my eyes", but he had refused. "I said, 'I'm asking you to leave, Fifa's image is [...]
Which country benefits most from economic growth? UK ranks below Ukraine and Russia May 28, 2015 Economic growth is generally considered a positive thing for the people living in that country – it brings jobs, opportunities and usually a higher standard of living. But how much that growth translates into what we can actually experience as improved level of well-being varies from country to country, and it turns out the UK [...]
Fifa arrests: Vladimir Putin backs Sepp Blatter and slams US “meddling” May 28, 2015 Russian President Vladimir Putin has accused the United States of meddling in affairs beyond its jurisdiction by arresting a number of Fifa officials on charges of bribery and racketeering. In a televised statement, Putin described the arrests as "yet another blatant attempt [by the US] to extend its jurisdiction to other states" and a "clear [...]
Fifa arrests: Visa threatens to withdraw sponsorship as pressure increases May 28, 2015 Visa has become the first Fifa sponsor to threaten terminating its support for football's scandal-hit governing body. The financial services giant said "we will reassess our sponsorship" if Fifa does not make immediate changes to its conduct following the arrest of a number of top officials on bribery and racketeering charges brought by the US Department of [...]
Kingfisher profits knocked by foreign exchange volatility, but share price is up nonetheless May 28, 2015 Currency volatility did Kingfisher no favours in the first quarter of 2015, but investors have not been put off. The figures Sales for the company, which owns B&Q, rose slightly by 0.8 per cent to £2.6m during the first three months of the year. Retail profit was also up by 1.4 per cent at £150m [...]
Stronger UK sales lifts car manufacturers as export markets wane May 27, 2015 A SURGE in demand from the domestic market has helped support British car manufacturers, despite a fall in orders from overseas. The number of cars manufactured in the UK in the first four months of this year was 530,505, according to figures released yesterday by the Society of Motor Manufacturers and Traders (SMMT). It is [...]
Day of reckoning for besieged FIFA May 27, 2015 ▪ Seven officials arrested as criminal proceedings brought ▪ The presidential election will take place as planned WORLD governing body Fifa was in unprecedented turmoil last night after a day of drama and intrigue saw seven serving officials of the scandal-ridden organisation arrested in Switzerland on corruption charges. Dawn raids of the five-star Baur au [...]