Author: admin@primenews

Tottenham are in talks with “prospective investors” after reporting losses of £86.8m in their 2022-23 accounts, says chairman Daniel Levy. Total revenue increased by 24% from 2022 to a record-high £549.6m, with matchday income reaching a record £117.6m. But they reported a loss for the fourth successive year following the 2022 deficit of £50.1m. Levy stressed the need to “capitalise on our long-term potential”. “To continue to invest in the teams and undertake future capital projects, the club requires a significant increase in its equity base,” he said. “The board and its advisors, Rothschild & Co, are in discussions with…

Luis Rubiales, the former president of the Spanish football federation (RFEF), has been arrested as part of a corruption investigation. He was detained on his arrival in Madrid from the Dominican Republic. He is suspected of receiving illegal commissions when negotiating a lucrative deal to stage the Spanish Super Cup competition in Saudi Arabia. Prosecutors are seeking a two-and-a-half-year jail term for Mr Rubiales, who denies any wrongdoing. After stepping off the plane, he was taken into a black van with several members of the Civil Guard. Police now have 72 hours to question Mr Rubiales, who was in the…

The battle for the future of Disney is about to reach its epic conclusion. After waging a relentless months-long proxy war on the Magic Kingdom’s current leadership, Nelson Peltz and his Trian Fund Management will learn on Wednesday whether they have succeeded in making chief executive Bob Iger and the Disney board bleed. If Peltz emerges successful and secures a board seat for himself and Jay Rasulo, a Disney veteran who previously served as the company’s chief financial officer, it will deal a seismic blow to Iger and the agenda he has outlined to steer the entertainment conglomerate into the future. With only two seats, Peltz and Rasulo would…

Scientists have developed artificial intelligence (AI) to detect invasive Asian hornets, a Devon university says. The University of Exeter said the automated system created by its researchers attracted hornets to a monitoring station and captured standardised images Its system, VespAI, could identify the species with “almost perfect accuracy”, said the university. The institution also said the system had been tested in the Channel Islands. ‘Encouraging’ results Dr Thomas O’Shea-Wheller, from the Environment and Sustainability Institute on Exeter’s Penryn Campus in Cornwall, said the goal was to develop something “cost-effective and versatile”. He also said anyone could use it, from governments…

Rescuers in Taiwan scrambled to free dozens of people trapped in highway tunnels after the island was struck by its strongest earthquake in 25 years Wednesday, killing at least nine and injuring more than 800 others. The powerful 7.4 magnitude tremor shook the island’s east coast, hitting at 7:58 a.m. local time 18 kilometers (11 miles) south of Hualien city and at a depth of 34.8 kilometers (21 miles), according to the US Geological Survey. It was followed by several strong aftershocks with tremors felt across the island, including by CNN staff in the capital Taipei. Taiwan’s National Fire Agency (NFA) said in an update…

When highlighting how the Japanese capital represents the pinnacle of global dining excellence, British chef Daniel Calvert of Sézanne once opted to use a soccer reference. “Tokyo really is the Champions League of cooking,” he said. Well if that’s the case, Calvert’s restaurant in the elegant surrounds of the Four Seasons Hotel Tokyo at Marunouchi has just won the culinary equivalent of the famed European competition, having been acclaimed not only as the finest in Tokyo, but also across all of the region after taking the number one spot at the Asia’s 50 Best Restaurants for 2024 event last week. It’s a remarkable achievement for…

Microsoft committed a “cascade” of “avoidable errors” that allowed Chinese hackers to breach the tech giant’s network and later the email accounts of senior US officials last year, including the secretary of commerce, a scathing US government-backed review of the incident has found. The hack “was preventable and should never have occurred,” says a report released Tuesday by the US Cyber Safety Review Board (CSRB), a group of government and private cybersecurity experts led by the Department of Homeland Security. It was set up by President Joe Biden in 2021 to study the root causes of major hacking incidents. In…

Chinese internet giants are buying back their shares at a record pace, as they try to boost their market value in the midst of a historic stock rout in the world’s second largest economy. Alibaba Group (BABA) announced Tuesday that it had bought back $12.5 billion of shares from the US and Hong Kong markets, representing 5.1% of its outstanding shares, in the fiscal year ended March 31. That would mark the biggest share repurchase by a Chinese tech company in the past year. In the first quarter alone, Alibaba spent $4.8 billion in buybacks, its second biggest quarterly repurchase in history. A share…

Falling chocolate, sugar and jam prices helped food price inflation slow to its lowest level in more than two years, according to new industry figures. Competition between retailers drove prices on some goods down in March, but Easter treats were more expensive, the British Retail Consortium (BRC) said. It said the overall rate at which prices rose had almost halved to 1.3% – down from 2.5% in February. Food price inflation has fallen for 10 months in a row. But overall, food prices are 3.7% higher than they were a year ago, down from 5% in February, the BRC said.…

Two former bankers jailed for rigging interest rates must have their appeal heard by the Supreme Court, senior politicians have said. Tom Hayes and Carlo Palombo were among 37 City traders prosecuted for rigging rate benchmarks Libor and Euribor. They got out of prison in 2021 and the Court of Appeal dismissed a bid to overturn their convictions last week. Conservative Sir David Davis and Labour’s John McDonnell have said they believe the ruling was unfair. Former Lord Chancellor Lord Mackay of Clashfern has also told the BBC he was “deeply concerned” about the basis on which the men were…