History shows financial fair play likely to have teeth, says expert January 23, 2013 ONE of football finance’s leading experts has voiced his surprise at continued scepticism over the willingness of European chiefs Uefa to ban clubs if they break new financial fair play (FFP) rules. Deloitte’s Dan Jones believes Uefa will see through its threat to issue a range of sanctions against teams whose losses exceed allowable FFP [...]
Six Nations turns sour for Ireland as Healy is found guilty of stamp February 13, 2013 PROP Cian Healy will miss Ireland’s next two RBS Six Nations fixtures after being found guilty of stamping on England’s Dan Cole during their 12-6 defeat in Dublin on Sunday. The 25-year-old trod on Cole’s ankle in the 14th minute of the match at the Aviva Stadium after an Ireland maul collapsed, though match referee [...]
Lords add to quota critics January 8, 2013 THE EU would be making a mistake if it made member states hit firms with sanctions based on the gender make-up of their boardrooms, a Lords sub-committee decided yesterday. Baroness O’Cathain, who chairs the Lords Internal Market, Infrastructure and Employment sub-committee, said member countries were better placed than the European Commission to decide appropriate gender [...]
Irrational drugs policies incentivise experimenting with the unknown January 14, 2013 THE UK spends more than any other country in Europe on its drugs policy – 0.48 per cent of GDP according to the European Monitoring Centre for Drugs and Addiction. Yet it has some of the continent’s highest rates of problem drug use. More recently, we’ve also become global leaders in so-called legal highs – [...]
EU tries to force Google change January 10, 2013 SEARCH engine giant Google faces sanctions from Brussels unless it changes the way it presents its search results in Europe. The European Union’s competition chief Joaquin Almunia last night said that he believed Google was diverting web traffic – giving unfair promotion to its own web services. “The strong position they have in the general [...]
Briton jailed for arms deal with Iran January 9, 2013 A BRITISH businessman was yesterday sentenced in Texas to 33 months in prison for selling weapons parts to Iran. Christopher Tappin, 66, from Orpington in Kent, admitted attempting to sell components of Hawk air defence missiles to the country, in violation of international sanctions. He stood to gain just £6,800 from the deal. The sentence [...]
WPP invests in Burma after sanctions end May 21, 2012 WPP yesterday announced it has bought a stake in a Burmese advertising agency just days after US sanctions on the Asian country were lifted. New York-based Ogilvy & Mather, a fully-owned subsidiary of global ad giant WPP, yesterday unveiled the purchase of a stake in Today Advertising, an agency in Myanmar. The firms did not specify [...]
WPP invests in Burma after sanctions end May 21, 2012 WPP yesterday announced it has bought a stake in a Burmese advertising agency just days after US sanctions on the Asian country were lifted. New York-based Ogilvy & Mather, a fully-owned subsidiary of global ad giant WPP, yesterday unveiled the purchase of a stake in Today Advertising, an agency in Myanmar. The firms did not specify [...]
ING agrees to pay $619m fine for violating US state sanctions June 12, 2012 ING Bank has agreed to pay $619m (£398m) to settle US government allegations that it violated US sanctions against Cuba, Iran and other countries. It was the biggest ever fine against a bank for sanctions violations, officials said. US authorities said ING moved $1.6bn illegally through banks in the US from the early 1990s through [...]
Walk-off won’t solve racism, insists Blatter January 6, 2013 WORLD football’s most powerful man Sepp Blatter has urged players not to follow the example of AC Milan’s Kevin-Prince Boateng, accusing the Ghanaian of “running away” and arguing that “this is not the solution”. Boateng led his team-mates off the pitch on Thursday after suffering racist abuse from fans at fourth-tier Pro Patria, prompting the [...]