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The Aston Martin logo is seen on a V12 Vantage car at the company’s factory in Gaydon, Britain, March 16, 2022. REUTERS/Phil Noble/File Photo Acquire Licensing RightsNov 16 (Reuters) - The Aston Martin Formula One team said on Thursday it had agreed on an investment by U.S. private equity firm Arctos Partners in exchange for a minority shareholding. The stake sale values the car racing group at 1 billion pounds ($1.24 billion), a person with knowledge about the matter told Reuters. "They share our vision for our ultra-luxury brand, and they are extremely passionate about the sport and its prospects," Aston Martin Formula One Executive Chairman Lawrence Stroll said in a statement. The F1 team is sponsored by the eponymous British luxury carmaker in which Stroll holds the largest shareholding of over 25%.
Persons: Aston Martin, Phil Noble, Lawrence, French carmaker, Ryan Reynolds, Rob McElhenney, Prerna Bedi, Maju Samuel Organizations: Aston, REUTERS, Aston Martin Formula, U.S, Arctos Partners, Reuters, French carmaker Renault, Alpine, Thomson Locations: Gaydon, Britain, French, Bengaluru
Choppy luxury waters lift Burberry turnaround bar
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +2 min
MILAN, Nov 16 (Reuters Breakingviews) - Stuttering consumer confidence is complicating CEO Jonathan Akeroyd’s attempts to revive Burberry (BRBY.L). Like-for-like retail sales in the quarter to end-September grew a dismal 1% at the UK maker of fancy trench coats, below analyst expectations of 4%. But brands attempting a revamp, like Burberry or Kering’s (PRTP.PA) star label Gucci, are likely to suffer more than rivals. Akeroyd sounded confident that new designer Daniel Lee’s first collection, which was launched in shops in September, will energise shoppers. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Jonathan Akeroyd’s, Gucci, Daniel Lee’s, Lisa Jucca, Neil Unmack, Streisand Neto Organizations: MILAN, Reuters, Burberry, X, Alstom, Thomson Locations: China, U.S
The documentary, which will air this Sunday on “The Whole Story with Anderson Cooper,” exposes an RSF-led campaign to enslave men and women in El Geneina, the largest city controlled by the paramilitary group in Sudan’s Darfur region. Several former Darfuri abductees told CNN that fighters from the RSF and their Arab militia allies hurled racist abuse at them during their captivity. ‘They flogged us with whips’Another woman told CNN she and the female members of her family were raped in captivity for four days. Mohamed Nureldin Abdallah/ReutersCNN also found evidence of the enslavement of males as part of the attack on El Geneina. They felt his biceps because they said they “wanted a strong one,” he told CNN.
Persons: Chad CNN — Mahdi, , ” Mahdi, “ I’d crouch, , Anderson Cooper, , Zohra Bensemra, El Geneina, Wagner —, Khalid, Alex Platt, , Mahdi, abductees, Raghm, ’ ”, , General Mohamed Hamdan Dagalo, Mohamed Nureldin Abdallah, Wagner Organizations: Chad CNN, CNN, Rapid Support Forces, Red Cross, Reuters, Chadian, El, Industrial School, Strategic Initiative, Women, Unit, CNN Rights, Darfur —, Human Rights, Reuters CNN Locations: Chad, West Darfur, El, El Geneina, Darfur, Sudan's Darfur, Ourang, Adre, Russian, Sudan —, Sudan, Horn of Africa, Khartoum,
Britain solves half of its wind power problem
  + stars: | 2023-11-16 | by ( George Hay | ) www.reuters.com   time to read: +4 min
REUTERS/Andrew Boyers Acquire Licensing RightsLONDON, Nov 16 (Reuters Breakingviews) - Maybe UK wind isn’t a busted flush after all. Britain needs 50 gigawatts (GW) of offshore wind by 2030, against 14 GW completed now and around 13 GW in development. It will also increase by 52% for floating offshore wind projects, from 116 pounds per MWh to 176 pounds per MWh. In AR6, offshore wind will also be given a separate funding pot in recognition of the high number of projects ready to participate. The UK aims to deliver 50 gigawatts (GW) of offshore wind by 2030, including up to 5 GW of floating offshore wind.
Persons: Andrew Boyers, Sweden’s Vattenfall, Jefferies, Denmark’s, LCPDelta, Neil Unmack, Streisand Neto Organizations: REUTERS, Reuters, Jefferies, Grantham Research, Thomson Locations: Watchfield, Swindon, Britain, British
At least a few of the incidents had overlapping suspect descriptions: a white man in his 40s or 50s, at least 6 feet tall and weighing between 220 and 300 pounds. In the package that the district attorney sent to Hathaway, there was a grainy surveillance video of one of the previous attacks, which showed a heavyset white man approaching a man sleeping on the sidewalk, spraying him with a large canister and walking quickly away as the man writhed in pain. What kind of person would spray homeless people with bear mace? The answer, Hathaway would later tell the court, was clear: A person who says: “I’m a vigilante justice. I’m above and beyond the law.’”Until 2020, homelessness had not been a primary concern for Marina residents.
Persons: , Carmignani, , Hathaway, , Nathaniel Roye, Ashley Buck Organizations: Marina, Moscone Locations: San Francisco, Marina, Lombard, Chestnut
Will gym stocks be hurt by an "Ozempic effect" similar to the blow that has rocked the medical device and food sector? Stock in Planet Fitness has slipped more than 16% from the start of the year, while Life Time has added roughly 20%. Planet Fitness sunk to a 52-week low in September after the company's board ousted Chris Rondeau as chief executive officer . PLNT YTD mountain Planet Fitness stock. At Life Time, anti-obesity medication is being incorporated into the weight loss programs it offers to members.
Persons: Simeon Siegel, it's, Jefferies, Chris Rondeau, Bahram Akradi, Warren Cheng, PLNT, Cheng, Jeff Zwiefel, Alexander Perry's, Perry, Curtis Harman, Harman, It's, Piper Sandler, Korinne Wolfmeyer, Wolfmeyer Organizations: BMO Capital Markets, ISI, Bank of America, GLP, Wellness, CNBC, Holdings, Nordisk's Ozempic
British Chancellor of the Exchequer Jeremy Hunt during Britain's Conservative Party's annual conference in Manchester, Britain, October 2, 2023. The "Back to Work" plan, billed as a way to help people "stay healthy, get off benefits and move into work", will form part of the Autumn Statement that Hunt will present next Wednesday. Anyone choosing to coast on the hard work of taxpayers will lose their benefits," Hunt said of the "Back to Work" plan. "This sort of language just pushes people away – alienating those who could benefit from support, alienating employers and alienating partners like GPs and voluntary services," Wilson said. Labour said Hunt's plan was "more of the same".
Persons: Jeremy Hunt, Toby Melville, Hunt, Tony Wilson, Wilson, Hunt's, Liz Kendall, Andy Bruce, Susan Fenton Organizations: Britain's Conservative, REUTERS, Institute for Employment Studies, Labour Party, Conservative, IES, Labour, Tories, Confederation, Thomson Locations: Manchester, Britain, British
Companies Iberdrola SA FollowLONDON, Nov 16 (Reuters) - Britain will increase the guaranteed price offered for offshore wind projects in its next renewables auction by 66%, the government said on Thursday, as it seeks to spur more projects after its last auction failed to attract any offshore wind investment. Britain, which is already the world’s second largest offshore wind market after China, is seeking to ramp up its capacity to 50 gigawatts (GW) by 2030 from around 14 GW now, to help meet its climate targets and boost energy security. The offshore wind sector has been hit by surging supply chain and interest rate costs over the past year with some developers cancelling projects, while Britain's last auction yielded no offshore wind projects when the results were announced in September with developer saying the price offered was too low. The government said despite the absence of offshore wind, the last auction had succeeded in supporting other technologies such as solar, tidal and onshore wind projects capable of generating 3.7 GW, the equivalent to powering some 2 million homes. “The real test of that ambition will come when the overall budget for the next auction round is set next year.
Persons: Claire Coutinho, , ” Keith Anderson, ScottishPower, Susanna Twidale, Marguerita Choy Organizations: ” Energy, Thomson Locations: Britain, China
UK insurer Aviva posts 13% rise in nine-month premiums
  + stars: | 2023-11-16 | by ( ) www.reuters.com   time to read: +2 min
A man walks past an AVIVA logo outside the company's head office in the city of London March 5, 2009. REUTERS/Stephen Hird (BRITAIN)/File Photo Acquire Licensing RightsLONDON, Nov 16 (Reuters) - British insurer Aviva (AV.L) on Thursday posted a 13% rise in its general insurance gross written premiums for the first nine months of the year, saying it would continue to return surplus capital to shareholders. Insurers have dealt with issues such as rising inflation and the higher cost of claims by increasing premiums. The life and general insurer, whose main markets are Britain, Canada and Ireland, reported premiums of 8 billion pounds ($9.91 billion), up from 7.2 billion a year earlier. "We see significant opportunities to generate further higher return, capital-light growth in the future as we prioritise these segments."
Persons: Stephen Hird, Amanda Blanc, Blanc, Eva Mathews, Carolyn Cohn, Huw Jones, Sherry Jacob, Phillips, Jason Neely Organizations: AVIVA, REUTERS, Aviva, RSA, Reuters, Thomson Locations: London, BRITAIN, British, Britain, Canada, Ireland, Bengaluru
From a health perspective, people in places like the U.S., Canada and Europe eat far more meat, especially red meat and processed meat, than recommended. There’s no question that cutting back on meat consumption could have real and lasting effects. Meat consumption is “orders of magnitude higher” in the U.S. than in low-income countries, and meals are often centered around it. Despite those hurdles, certain interventions can cut meat consumption, research shows. Interventions described as “nudges,” or small choices aimed at influencing behavior, appear to be among the most effective at cutting meat consumption.
Persons: — Preston Cabral, Eugenio Maria De Hostos, Vegans, Keren, Martin Bloem, he’s, Julia Wolfson, , ” Wolfson, Ricardo Morales, Organizations: The Associated Press, NORC, for Public Affairs Research, United, Food and Agricultural Organization, United Nations, Food and Agriculture Association of, University of Oxford, Johns Hopkins Bloomberg School of Public Health, Johns Hopkins University ., Stanford University, of Public Health, AP, Preston Cabral’s, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group Locations: I.S, United Kingdom, U.S, Canada, Europe, Netherlands, Haarlem, Amsterdam
LONDON, Nov 16 (Reuters) - Advent International has signed a deal to buy payments firm myPOS as part of the London-based buyout group's latest push into digital payments, director Fabio Cali told Reuters. The acquisition is expected to value myPOS at around 500 million euros ($542.15 million), two people familiar with the matter told Reuters, speaking on condition of anonymity. The payments sector has had a run of transactions recently. SumUp said last year it had raised 590 million euros in a funding round led by Bain Capital Tech Opportunities. The company is targeting a revenue run rate of 100 million euros this year, one of the people said.
Persons: Fabio Cali, SumUp, JP Morgan, PayPal Zettle, Christo Georgiev, Georgiev, Amy, Jo Crowley, Jane Merriman Organizations: Reuters, Bain Capital Tech, PayPal, House, Thomson Locations: London, Cali, Athens, Europe
The holiday season, which begins with Black Friday at the end of November and lasts roughly until the end of December, is expected to be especially tough for retailers selling discretionary items, executives say. "We are seeing some early Black Friday sales start just now," Barbie maker Mattel's (MAT.O) president and chief commercial officer, Steve Totzke, told Reuters on Monday. "The market for toys has been declining for the whole year," said Florian Sieber, CEO of German toy maker Simba. "We are expecting a good holiday season for Mattel," Totzke said. "We expect to continue to gain share throughout the holiday season."
Persons: Peter Nicholls, Larian, Santa Claus, Barbie, Loo, Isaac Larian, Toymakers, Nic Aldridge, Aldridge, Mattel's, Steve Totzke, Florian Sieber, Simba, Sieber, Totzke, Frédérique Tutt, Jerry Storch, Richa Naidu, Matt Scuffham Organizations: REUTERS, Hasbro, Mattel, Consumers, Euromonitor, MGA Entertainment, Toymakers Hasbro, Reuters, Bandai, P, Global, Storch Advisors, Hudson's, Thomson Locations: London, Britain, Europe, Santa, United States, Loo Wee, U.S
Human Material Loop is making fabric from human hair
  + stars: | 2023-11-15 | by ( Flo Cornall | ) edition.cnn.com   time to read: +5 min
Human Material Loop hopes to transform the fashion industry by turning human hair into a textile. According to Human Material Loop, 72 million kilograms of human hair waste end up in European landfills every year, the equivalent in weight of seven Eiffel Towers. Human Material Loop used hair to insulate this jacket. For Kollar, it’s not simply about wearing a jumper made from human hair for the novelty or sustainability aspect; she argues that human hair is an incredibly durable material. Visser says ultimately the implementation of human hair in our products isn’t simple.
Persons: Zsofia Kollar, , Kollar, , ” Kollar, Pablo Betancourt, it’s, Higashi, Sanne Visser, There’s, Visser Organizations: CNN, Eiffel, Southwestern, University of the Arts London, London’s Design Locations: Canada, Aconcagua, Argentina, Netherlands, Belgium, Luxembourg, Micronesia, Kiribati, Southwestern United States, Japan
Russia's sole aircraft carrier, Admiral Kuznetsov, has been out of action for years for repairs. AdvertisementIn July, Russian state media reported that Russia's sole aircraft carrier, Admiral Kuznetsov, could return to active service by the end of 2024. AdvertisementYakovlev Yak-38A Yak-38 on the deck of a Soviet aircraft carrier in October 1985. Even the updated Yak-36M, with a longer range and double the payload, was underpowered compared to NATO carrier aircraft. At least four Yak-38s operated alongside other Soviet jets from a base in the country's southwest in 1980.
Persons: Admiral Kuznetsov, , Kuznetsov, Yakovlev, Hawker, Su, Andrei Luzik, Gorhskov, ARUN SANKAR Organizations: Soviet, Service, Kuznetsov, US, Soviets, Hawker Siddeley, , Minsk, US Navy, NATO, Getty, Indian Navy, Mikoyan, Russian, Vikrant, Getty Images, India's Locations: Moscow, Russia, Soviet, Kiev, Soviet Kiev, Afghanistan, India, Delhi, Syria
Food inflation, which had taken over from energy as the main driver of inflation in recent months, also slowed in October. For example, officials look at core inflation, a measure that excludes food and energy prices, because they can be volatile and heavily influenced by international financial markets. Policymakers also track wage growth, one of the stickier aspects of inflation. Price growth in the services sector, which is heavily influenced by companies’ wage costs, slowed to 6.6 percent. Controlling inflation is actually in the hands of Bank of England policymakers who are mandated to return inflation sustainably to 2 percent.
Persons: Rishi Sunak, Huw Pill, Pill Organizations: Bank of England Locations: Ukraine, Britain, Bristol, British
"Mrs Philip Astley, nee Madeleine Carroll", a portrait of the actress Madeleine Carroll by the artist Philip Alexius de Laszlo, is seen on display at Christie's auction house in London, Britain November 15, 2023. NO ARCHIVES Acquire Licensing RightsLONDON, Nov 15 (Reuters) - A portrait of actress Madeleine Carroll, who was considered the first "Hitchcock Blonde", is headed for auction next month, with a price estimate of around $60,000 - $87,000. Hungarian artist Philip Alexius de Laszlo painted the portrait in 1935, the same year Carroll starred in Alfred Hitchcock's spy thriller film "The 39 Steps". The portrait, called "Mrs Philip Astley, née Madeleine Carroll", will be offered at Christie's British & European Art sale on December 14 during its "Classic Week" in London, with a price estimate of 50,000 - 70,000 pounds ($62,285 - $87,200). ($1 = 0.8028 pounds)Reporting by Marie-Louise Gumuchian and Madhurima Dutta, Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.
Persons: Philip Astley, nee Madeleine Carroll, Madeleine Carroll, Philip Alexius de Laszlo, Will Russell NO, Carroll, Alfred Hitchcock's, née Madeleine Carroll, de Laszlo, Peter Brown, Marie, Louise Gumuchian, Madhurima Dutta, Alexandra Hudson Organizations: REUTERS, European, Reuters, Alexandra Hudson Our, Thomson Locations: London, Britain, Hungarian, Christie's
"We are seeing some early Black Friday sales start just now," Barbie maker Mattel's (MAT.O) president and chief commercial officer, Steve Totzke, told Reuters on Monday. "The market for toys has been declining for the whole year," said Florian Sieber, CEO of German toy maker Simba. "We are expecting a good holiday season for Mattel," Totzke said. "We expect to continue to gain share throughout the holiday season." "But it's a reality that there won't be as many toys sold this year as last year."
Persons: Peter Nicholls, Larian, Santa Claus, Barbie, Loo, Isaac Larian, Toymakers, Nic Aldridge, Aldridge, Mattel's, Steve Totzke, Florian Sieber, Simba, Sieber, Totzke, Frédérique Tutt, Jerry Storch, Richa Naidu, Matt Scuffham Organizations: REUTERS, Hasbro, Mattel, Consumers, Euromonitor, MGA Entertainment, Toymakers Hasbro, Reuters, Bandai, P, Global, Storch Advisors, Hudson's, Thomson Locations: London, Britain, Europe, Santa, United States, Loo Wee, U.S
REUTERS/Peter Nicholls Acquire Licensing RightsLONDON, Nov 15 (Reuters) - Britain's Supreme Court ruled on Wednesday that the government's scheme to send asylum seekers to Rwanda was unlawful, dealing a crushing blow to Prime Minister Rishi Sunak before an election expected next year. But the top court on Wednesday unanimously ruled that migrants could not be sent to Rwanda because it could not be considered a safe third country. The Rwanda scheme was the central plank of Sunak's immigration policy as he prepares to face an election next year, amid concern among some voters about the numbers of asylum seekers arriving in small boats. Sunak said the government had planned for all eventualities and would do whatever it takes to stop illegal migration. After the ruling, a Rwandan government spokesperson said it took issue with the conclusion that Rwanda was not a safe third country.
Persons: Toufique Hossain, Peter Nicholls, Rishi Sunak, Sunak, Suella Braverman, Robert Reed, Steve Smith, Boris Johnson, Reed, Michael Holden, Alex Richardson, Kate Holton Organizations: REUTERS, European, Human, Conservative Party, United Nations, Thomson Locations: Rwanda, London, Britain, East, Europe, Sunak, Rwandan
CNN —The Israeli military is carrying out a “precise and targeted operation” in Gaza’s Al-Shifa Hospital, according to a statement by the Israel Defense Forces, and Israeli tanks have moved into the hospital complex, a journalist inside the hospital told CNN. “We can see them pointing the guns of the tanks toward the hospital. The Israeli operation is taking place in a “specified area” of Al-Shifa Hospital, according to a statement from the Israel Defense Forces (IDF), which again accused Hamas of continuing to use the hospital for military purposes – claims Hamas and hospital officials have repeatedly denied. A doctor inside Al-Shifa told CNN they were given 30 minutes’ warning before the Israeli operation began. The Israeli statement said, “The IDF is conducting a ground operation in Gaza to defeat Hamas and rescue our hostages.
Persons: Khader Al Za’anoun, , Shifa, , Dr, Khaled Abu Samra, Al Shifa, ” Israel, General Antonio Guterres Organizations: CNN, Shifa, Israel Defense Forces, Palestinian Health Ministry, United Nations Locations: Gaza’s Al, Gaza, Israel, Palestinian, Ramallah
HAVANA (AP) — Until recently, the space was the one-car garage of a private home in Cuba’s capital, Havana. Yet despite their modest setup, their prices are far from affordable, even for a doctor or a teacher, who make about 7,000 Cuban pesos a month (about $28 in the parallel market). Political Cartoons View All 1247 ImagesFor example, one kilo (2.2 pounds) of powdered milk from the Czech Republic costs 2,000 Cuban pesos (about $8). “I retired with 2,200 (Cuban pesos a month or $8.80) last year and I can’t even buy a package of chicken," she said. The novelty is that the small shops like the one in Vedado and bigger bodegas like the “Cuban Costco” are entirely private and accept payments in Cuban pesos.
Persons: ” Ania Espinosa, Espinosa, Ingracia Virgen Cruzata, , Goya, , Pedro Freyre, Akerman, That’s, Freyre Organizations: , Cuban Costco, Akerman Consulting, Miami Law School Locations: HAVANA, Cuba’s, Havana, El, Cuba, Cuban, Vedado, Czech Republic, U.S, Uruguay, Florida, America, Caribbean
"The 2022-23 season saw Manchester City scale new heights and set new benchmarks," City chairman Khaldoon Al Mubarak, said in a statement. "In short, last season saw Manchester City achieve the greatest football and commercial year of its storied history." Commercial revenues accounted for 341.4 million pounds, followed by broadcast at 299.4 million and then matchday at 71.9 million, for a profit of 80.4 million, nearly doubling the previous year's record profit of 41.7 million pounds. Profits also benefited from significant player trading with 121.7 million pounds generated from transfers, up a significant 79.8% over the previous 12 months. On the pitch, manager Pep Guardiola guided City to a third successive Premier League title, an enthralling 2-1 FA Cup final victory over rivals Manchester United, and a first ever Champions League title.
Persons: Lee Smith, Sheikh Mansour, Khaldoon Al Mubarak, Pep Guardiola, Lori Ewing, Toby Davis Organizations: Soccer Football, Premier League, Manchester City, Chelsea, Etihad, Premier, Rights, Manchester City FC Ltd, Broadcasting, Champions League, FA, City, Brand Finance, Real Madrid, Manchester United, Deloitte Football Money League, soccer, Real, Club, Super League, Thomson Locations: Manchester, Britain, Rights MANCHESTER, England, Real Madrid
[1/3] The logo of the International Atomic Energy Agency (IAEA) is seen at the organisation's headquarters in Vienna, Austria, June 5, 2023. Iran's stock of uranium enriched to up to 60% grew by 6.7 kg (14.8 pounds) to 128.3 kg (282.9 pounds) since the last report on Sept. 4, one of the two reports to member states seen by Reuters said. Iran has enough uranium enriched to lower levels for more bombs, but it denies seeking such weapons. Since then the IAEA has narrowed the list of sites to two but little other progress has been made. "The (IAEA) Director General (Grossi) continues to strongly condemn Iran's sudden withdrawal of the designations of several experienced Agency inspectors," it added.
Persons: Leonhard Foeger, Rafael Grossi, John Irish, Toby Chopra, Jonathan Oatis Organizations: International Atomic Energy Agency, REUTERS, Companies Iran, IAEA, International Atomic Energy, Reuters, Governors, Iran's, Thomson Locations: Vienna, Austria, Iran, VIENNA, United States, Gaza, Paris
Climate activist Greta Thunberg set for London court appearance
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: +1 min
[1/2] A police officer speaks to Swedish climate campaigner Greta Thunberg during an Oily Money Out and Fossil Free London protest in London, Britain, October 17, 2023. REUTERS/Clodagh Kilcoyne/File Photo Acquire Licensing RightsLONDON, Nov 15 (Reuters) - Climate activist Greta Thunberg will appear at London's Westminster Magistrates Court on Wednesday charged with a public order offence over an environmental protest in central London last month. Thunberg has become famous as the face of climate activism since she started staging weekly protests in Sweden in 2018, and she now travels around the world addressing crowds at marches and protests. Before her arrest in Britain, she has this year been detained by police or removed from protests in Sweden, Norway and Germany. ($1 = 0.8145 pounds)Reporting by Sarah Young; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
Persons: Greta Thunberg, Clodagh, Thunberg, Sarah Young, Alex Richardson Organizations: REUTERS, London police, Thomson Locations: Swedish, London, Britain, Westminster, Sweden, Norway, Germany
However, the first deportation flight in June 2022 was blocked by a last-minute injunction from the European Court of Human Rights, barring any removals until the conclusion of legal action in Britain. Some in the government have strongly hinted Britain would consider leaving the European Convention on Human Rights if it thwarted the Rwanda scheme. Australia pioneered the concept of holding asylum seekers in offshore detention centres. Denmark has signed a similar agreement with Rwanda, but has yet to send any migrants there. The 27-nation EU is seeking to strike an agreement on how to share out the asylum seekers who arrived on its shores.
Persons: Peter Nicholls, Rishi Sunak's, Boris Johnson, Suella Braverman, Robert Reed, Sunak, Michael Holden, Alex Richardson Organizations: Court, REUTERS, Supreme, European Union, Successive Conservative, RWANDA PLAN, European, of Human, British, Convention, Britain, EU, Commons, Thomson Locations: Rwanda, London, Britain, Ukraine, Hong Kong, RWANDA, Europe, Turkey, Egypt, Australia, Denmark
Manchester City, the Premier League’s dominant team for much of the past decade, announced on Wednesday it had spent more on player salaries last season than any team in British soccer history, paying out more than $500 million as it claimed English and European championships. Cup and its first Champions League title — completing a so-called treble that only one English team had previously managed to do. City now trails only Barcelona in how much it pays its players in salaries, but unlike that Spanish superteam City’s expenditure has not resulted in financial crisis. Instead, City also announced record revenues of 712.8 million pounds, or almost $900 million — another British record — for the year through June 2023. The club’s annual statement also boasted a profit of 80 million pounds, double what it reported a year earlier.
Persons: Sheikh Mansour bin Zayed al Nayhan, City, Pep Guardiola Organizations: Manchester City, League’s, United Arab Emirates, Premier League Locations: Manchester, Spanish, City, Barcelona
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