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The parents of baby Indi Gregory, who has a rare metabolic disorder known as mitochondrial disease, have fought legal battles in a bid to continue life support for their child. The legal tussle is the latest in a series of similar cases in Britain that saw doctors and parents spar over the treatment of terminally ill children and the respective rights and responsibilities of parents and medical professionals. The campaign group Christian Concern, which is supporting Indi’s parents, said the parents plan to appeal the ruling. The fatal disease has caused progressive brain damage in baby Indi, leaving her totally dependent on life support, according to evidence presented to the High Court in London. Instead, he said continuation of treatment would “perpetuate a high level of pain and suffering” for the baby.
Persons: , Indi Gregory, Robert Peel, Indi, Gesu, Peel, , Justice Peel, Giorgia Meloni, Dean Gregory, Indi's, Organizations: Britain's, Queen's, Italy —, Queen’s, Health Service, Court, Christian Locations: Italy, Britain, Nottingham, London, Poland
The agreement announced on Monday is the first example of a non-EU country accepting migrants on behalf of an EU nation. "I believe it (the deal) could become a model of cooperation between EU and non-EU countries in managing migration flows... I think this agreement features a bold European spirit," Meloni told Il Messaggero daily. Asked about the scheme by two Italian newspapers, Rama said Italy had not been the only EU country to propose such a deal, but he said he accepted Rome's offer as a sign of "gratitude". In the 1990s, Italy took in large numbers of Albanians and Rome is now one of the most solid backers of Albania's EU accession hopes.
Persons: Ursula von der Leyen, Giorgia Meloni's, Yara, Giorgia Meloni, Meloni, Il, Rama, Federico Maccioni, Alvise Armellini, Nick Macfie Organizations: Italian, REUTERS, Rights, European Union, EU, European Commission, La Stampa, Thomson Locations: Lampedusa, Italy, Albania, EU, British, Rwanda, Rome
King Charles III will open a session of Parliament on Tuesday for the first time as monarch, outlining the British government’s legislative priorities as part of a tradition-steeped ceremony that will test his skill at displaying the political neutrality for which his mother, Queen Elizabeth II, was famous. Among those are Mr. Sunak’s plan to exploit more of Britain’s oil and gas reserves in the North Sea. Although the Conservative government argues that it will still meet its net zero targets for 2050, the decision to license more fossil fuel extraction has angered campaigners against climate change — a cause close to the king’s heart for decades. King Charles made his first major speech about the environment in 1970, at the age of just 21, and in recent years has been an increasingly vocal advocate for climate action. In a speech in France in September, he urged the world to “strive together to protect the world from our most existential challenge of all: that of global warming, climate change and the catastrophic destruction of nature.”
Persons: King Charles III, Queen Elizabeth II, Rishi Sunak, King Charles, Sunak’s Organizations: Conservative Locations: North, France
The King's Speech - given by the monarch but written by government ministers - opens the new session of parliament. This is likely to be the last one before the election, which must be held by January 2025, and many policies were aimed at appealing to voters. CIGARETTES AND VAPESThe Tobacco and Vapes Bill will deliver on Sunak's promise made last month to phase out all tobacco sales in England. SOCCER REGULATORThe government plans to set up an independent football regulator, who will be responsible for scrutinising club owners and their financial resources. The new legislation will require owners to ensure fans are consulted on changes to club's badges, names and shirt colours.
Persons: Rishi Sunak, Keir Starmer, Hannah McKay, King Charles, Bill, Andrew MacAskill, Alistair Smout, Elizabeth Piper, Alex Richardson, Barbara Lewis Organizations: British, Labour Party, REUTERS, Conservatives, Petroleum, Markets, Competition, Consumers, SOCCER, Super League, Trans, Pacific, Thomson Locations: London, Britain, England, North, Freehold, Wales, Pacific, Australia, Japan
British Secretary of State for Defence Grant Shapps walks outside Number 10 Downing Street, in London, Britain, October 24, 2023. REUTERS/Hannah McKay Acquire Licensing RightsLONDON, Nov 7 (Reuters) - The British arm of defence firm MBDA has signed a 4 billion pound ($4.92 billion) deal to supply Poland with ground-based air defence systems, the British government said on Tuesday. Britain's Ministry of Defence said the partnership would boost Poland's Narew air defence programme and help bolster European security amid the conflict in Ukraine. "This is another crucial step forward for our historic defence ties with Poland, supplying next generation air defence capabilities to act as a clear deterrent to our adversaries," British Defence Secretary Grant Shapps said. The air defence system would be able to launch missiles at air threats such as cruise missiles and fighter jets at ranges of more than 40 kilometres, the ministry said.
Persons: Defence Grant Shapps, Hannah McKay, MBDA, Grant Shapps, Mariusz Blaszczak, Italy's Leonardo, Sachin Ravikumar, Alan Charlish, William James Our Organizations: State, Defence, REUTERS, Britain's Ministry of Defence, British, Airbus, Britain's BAE Systems, Thomson Locations: London, Britain, British, Poland, Ukraine, Poland's
Meloni said the Albanian centres would initially host some 3,000 people when they are due to open in spring 2024. More than 145,000 people have come ashore in Italy so far in 2023, compared with around 88,000 in the same period in 2022. The same source denied Italy would pay any money to Albania to host the centres. Meloni said Italy would build a migrant identification facility at the Albanian port of Shëngjin, and a repatriation centre inland. The main countries migrants have arrived from in Italy in 2023 were Guinea, Ivory Coast and Tunisia, official data shows.
Persons: Giorgia Meloni, Meloni, Rama, Rome, Maurizio Veglio, Angelo Amante, Alvise Armellini, Alison Williams Organizations: European Union, Italian coastguard, Albanian, Reuters, Thomson Locations: Italy, Rome, ROME, Albania, Albanian, Africa, Shëngjin, Guinea, Ivory Coast, Tunisia, Rwanda
China's delegate to the meeting, Vice Minister of Science and Technology Wu Zhaohui, was present on Thursday, his ministry said on Friday. The Chinese technology ministry declined to say why China did not agree to the proposal, which was about AI model testing. British Prime Minister Rishi Sunak chaired Thursday's meeting that comprised "a small group of like-minded senior representatives from governments around the world", Britain said, including the U.S. vice president and the EC president. Some British lawmakers had criticised China's participation in the inaugural AI summit. Sunak told reporters: "Some said we shouldn't even invite China, others said we would never get an agreement with them.
Persons: Ursula von der Leyen, Kamala Harris, Rishi Sunak, Giorgia Meloni, Antonio Guterres, Yoshua Bengio, Mila, Microsoft Brad, Technology Wu Zhaohui, Wu, Oliver Dowden, Sunak, Paul Sandle, Brenda Goh, Alistair Smout, Cynthia Osterman Organizations: Italy's, UN, Quebec AI Institute, Microsoft, Safety, Science, Technology, Bloomberg, U.S, European Union, Thomson Locations: British, SHANGHAI, LONDON, China, Britain, Beijing, Bletchley Park, England, United States, Bletchley, London, Shanghai
So-called frontier AI refers to the latest and most powerful systems that take the technology right up to its limits, but could come with as-yet-unknown dangers. Tesla CEO Elon Musk is also scheduled to discuss AI with Sunak in a livestreamed conversation on Thursday night. One of Sunak’s major goals is to get delegates to agree on a first-ever communique about the nature of AI risks. However, in the same speech, he also urged against rushing to regulate AI technology, saying it needs to be fully understood first. A White House official gave details of Harris’s speech, speaking on condition of anonymity to discuss her remarks in advance.
Persons: Google's Bard, Rishi Sunak's, Kamala Harris, who’s, Elon Musk, Ursula von der Leyen, Yoshua, Sunak, Harris, Biden’s, Jill Lawless Organizations: , British, Safety, U.S, White, Associated Locations: BLETCHLEY, England, London, China, Bletchley
Nairobi, Kenya CNN —When King Charles III touched down for his four-day state visit in Kenya, it seemed inevitable the new monarch would have to grapple with Britain’s legacy of colonialism. But it was also that same year that Mau Mau freedom fighters – originating from the country’s largest ethnic Kikuyu tribe – rebelled against British colonialists. Mau Mau rebels held in a prison camp in Kenya in 1952. The King, accompanied by President William Ruto, receives a guided tour of a new museum dedicated to Kenya's history on Tuesday. The wounds and trauma inflicted during that dark period are still prevalent today, according to Evelyn Wanjugu Kimathi, the daughter of one of the leaders of the Mau Mau uprising, Dedan Kimathi.
Persons: King Charles III, Prince William, Charles, William Ruto, , ” King Charles, Queen Camilla, Rachel Ruto, Chris Jackson, ” Charles, It’s, Prince of, Kate Middleton, , Mau Mau, contrition, Ruto, Ian Vogler, ” Ruto, Evelyn Wanjugu Kimathi, Dedan, Kimathi, , we’ll, Victoria Jones, King Charles, Buckingham Organizations: CNN’s Royal, Kenya CNN, Caribbean, Kenyan, Kenyans ”, Getty, British, Kenyan Human Rights, Hulton, Uhuru, CNN, Commonwealth Locations: Nairobi, Kenya, Buckingham, Britain, Commonwealth, Prince of Wales, Mau, Stroud, , British
Where it's being heldThe AI summit will be held in Bletchley Park, the historic landmark around 55 miles north of London. What it seeks to addressThe main objective of the U.K. AI summit is to find some level of international coordination when it comes to agreeing some principles on the ethical and responsible development of AI models. The British government wants the AI Summit to serve as a platform to shape the technology's future. They say that, by keeping the summit restricted to only frontier AI models, it is a missed opportunity to encourage contributions from members of the tech community beyond frontier AI. "By focusing only on companies that are currently building frontier models and are leading that development right now, we're also saying no one else can come and build the next generation of frontier models."
Persons: Rishi Sunak, Peter Nicholls, Rishi Sunak's, ChatGPT, Getty, codebreakers, Alan Turing, It's, Kamala Harris, Saul Loeb, Brad Smith, Sam Altman, Global Affairs Nick Clegg, Ursula von der, Emmanuel Macron, Joe Biden, Justin Trudeau, Olaf Scholz, Sunak, , Xi Jinping, Biden, James Manyika, Manyika, Mostaque, we're, Sachin Dev Duggal, Carl Court Organizations: Royal Society, Carlton, Getty, U.S, Microsoft, Coppin State University, AFP, Meta, Global Affairs, Global Affairs Nick Clegg U.S, Ministry of Science, Technology European, Joe Biden Canadian, Britain, Afp, Getty Images Washington, U.S ., Google, CNBC, Big Tech Locations: London, China, Bletchley Park, British, America, Baltimore , Maryland, Chesnot, U.S, Nusa Dua, Indonesian, Bali, EU
Earlier this year, Florida passed a law requiring public schools statewide to ban student cellphone use during class time. In early October, the British government issued new guidelines recommending that student cellphone use be prohibited in schools nationwide. Such bans typically make exceptions for students with disabilities and for educational uses approved by teachers. Proponents say the bans prevent students from scrolling through social media and sending bullying text messages, reducing classroom distractions. Critics warn that cutting off students from their phones could disproportionately punish those with jobs or family responsibilities — and that enforcing the bans could boost harsh disciplinary measures like school suspensions.
Persons: Organizations: UNESCO, United Nations Locations: Florida, Italy, China
Now, frontier AI has become the latest buzzword as concerns grow that the emerging technology has capabilities that could endanger humanity. The debate comes to a head Wednesday, when British Prime Minister Rishi Sunak hosts a two-day summit focused on frontier AI. In a speech last week, Sunak said only governments — not AI companies — can keep people safe from the technology’s risks. Frontier AI is shorthand for the latest and most powerful systems that go right up to the edge of AI’s capabilities. That makes frontier AI systems “dangerous because they’re not perfectly knowledgeable,” Clune said.
Persons: , Rishi Sunak, It’s, Kamala Harris, Ursula von der Leyen, Google’s, Alan Turing, Sunak, , Jeff Clune, Clune, Elon, Sam Altman, He’s, Joe Biden, Geoffrey Hinton, Yoshua, ” Clune, , it's, Francine Bennett, Ada Lovelace, Deb Raji, ” Raji, it’s, shouldn’t, Raji, DeepMind, Anthropic, Dario Amodei, Jack Clark, , Carsten Jung, Jill Lawless Organizations: British, U.S, European, University of British, AI Safety, European Union, Clune, Ada, Ada Lovelace Institute, House, University of California, ” Tech, Microsoft, Institute for Public Policy Research, Regulators, Associated Press Locations: Bletchley, University of British Columbia, State, EU, Brussels, China, U.S, Beijing, London, Berkeley
rules in governments’ sightsPresident Biden is set to issue an executive order on artificial intelligence on Monday, in his first effort to regulate how U.S. companies develop it and how regulators oversee the technology. The order will create standards for American companies and public agencies. Biden will invoke the Defense Production Act, which lets the president mobilize U.S. industry to support national defense. The order will require companies developing A.I. that “poses a serious risk to national security, national economic security, or national public health and safety” to notify the government when training their systems.
Persons: Biden
Before Elizabeth could make it to Lake Victoria, word came that her father, King George VI, had died. More than 70 years later, Elizabeth's son, King Charles, will visit Kenya this week on a state visit. Buckingham Palace has said Charles' visit, which begins on Tuesday, will acknowledge "painful aspects of the UK and Kenya's shared history". The colonial administration took hundreds of square kilometres of land that communities in western Kenya had lived on for generations and handed it to British settlers. The British government has not been receptive in the past to requests by the Kipsigis and Talai to discuss compensation.
Persons: Britain's King Charles ', Camilla's, King Charles, Princess Elizabeth, Kibore Cheruiyot Ngasura, Elizabeth, King George VI, Elizabeth's, Ngasura, Charles, Kenya's, Joel Kimetto, , Talai, Aaron Ross, Michael Holden, Alison Williams Organizations: Reuters, Kenyan, British, Foreign, Commonwealth, Development Office, Thomson Locations: Britain's, Kenya, Tugunon, Kericho County, KERICHO, Lake Victoria, Gwassi, London, Buckingham, British, Kericho, Nairobi, Mombasa
ACAPULCO, Mexico, Oct 27 (Reuters) - Looting ravaged the Mexican city of Acapulco after the iconic beach resort was hammered this week by Hurricane Otis, a record-breaking storm that killed at least 27 people and left thousands of residents struggling to get food and water. [1/5]People walk among rubble in the aftermath of Hurricane Otis, in Acapulco, Mexico, October 27, 2023. 'WE WERE LUCKY'Mexican authorities said Otis was the most powerful storm ever to strike Mexico's Pacific coast. To evacuate tourists, an air bridge between Acapulco and Mexico City was being set up on Friday after authorities got the city's battered airport back up and running. Lopez Obrador urged insurance companies to speed up payouts.
Persons: Hurricane Otis, Otis, everything's, Rodolfo Villagomez, Andres Manuel Lopez Obrador, Lopez Obrador, Raul Busto Ramirez, Letitia Murphy, Neil Marshall, Murphy, Quetzalli, we're, Enki, Lopez, Pope Francis, Joe Biden, America Movil, Alexandre Meneghini, Jose Cortes, Diego Ore, Kylie Madry, Laura Gottesdiener, Natalia Siniawski, Dave Graham, Chizu Nomiyama, Bill Berkrot, Sandra Maler, Raju Gopalakrishnan Organizations: Reuters, REUTERS, Central America, LUCKY, Otis, America, Thomson Locations: ACAPULCO, Mexico, Acapulco, Guerrero, Acapulco's, Hurricane, British, State, Mexican, Mexico City, Monterrey, Gdansk
Editor’s Note: This is a version of CNN’s Royal News, a weekly dispatch bringing you the inside track on Britain’s royal family. CNN —When King Charles III visits Kenya next week, he’ll do something no other member of his family has done in the country. Next week’s royal visit will largely focus on the strong connection between the two countries. Kenya holds a special place for the British royal family. Unfortunately, King Charles’ jam-packed schedule during the trip will not permit him to visit the poignant location.
Persons: King Charles III, Charles, Queen Camilla, It’s, Chris Fitzgerald, Kenya’s, Nandi, Jomo Kenyatta, William Hague, , ” Hague, William Ruto, Princess Elizabeth, King Charles ’ Organizations: CNN’s Royal, CNN, Kenya, British, Kenyan Human Rights, Kenyan, Nation, Keystone, Hulton Royals, British Government, Government, State, Commonwealth Locations: United Kingdom, Kenya, Buckingham, Britain, Nazi Germany, Gatundi, Nairobi, Commonwealth, British, Rwanda, Treetops
LONDON (Reuters) - Sanctioned Russian billionaire Mikhail Fridman cannot spend thousands of pounds a month on the upkeep of his London mansion, containing a 44 million-pound ($53.2 million) art collection, London's High Court ruled on Thursday. Fridman took Britain's sanctions office, OFSI, to court after it refused to allow him to spend 30,000 pounds a month to prevent Athlone House, which he bought for 65 million pounds, from falling into disrepair. The 59-year-old also wanted to spend 1,850 pounds a month on communications systems, which Fridman said regulate Athlone House's telephones, IT, lighting, heating and security. The Office of Financial Sanctions Implementation (OFSI) said it had already licensed Fridman to meet arrears and make one-off payments totalling around 1.4 million pounds, plus future payments of 760,000 pounds a year. Athlone House, in north London, was raided by Britain's National Crime Agency in December, which is the subject of a separate legal challenge by Fridman.
Persons: Mikhail Fridman, Fridman, Judge Pushpinder Saini, Fridman's, OFSI, Saini, Sam Tobin, Deborah Kyvrikosaios Organizations: Athlone, Athlone House, Britain's National Crime Agency, Forbes Locations: Russian, Athlone, Britain, Israel, Russia, London, Ukraine
Sunak's speech came as the British government gears up to host the AI Safety Summit next week. Sunak announced that the U.K. will set up the world's first AI safety institute to evaluate and test new types of AI in order understand the risks. At the AI Safety Summit next week, Sunak said he will propose to set up a "truly global expert panel nominated by the countries and organizations attending to publish a state of AI science report." The U.K. has some notable AI firms, such as Alphabet-owned DeepMind, as well as strong tech-geared universities. But there can be no serious strategy for AI without at least trying to engage all of the world's leading AI powers," Sunak said.
Persons: Sunak, Rishi Sunak, Bard chatbot Organizations: Britain's, U.S Locations: British, Bletchley, today's, U.S, China, Britain, Washington, Beijing
Russian billionaire Fridman loses challenge over mansion upkeep
  + stars: | 2023-10-26 | by ( ) www.reuters.com   time to read: +3 min
REUTERS/Sergei Karpukhin/File Photo/File Photo Acquire Licensing RightsLONDON, Oct 26 (Reuters) - Sanctioned Russian billionaire Mikhail Fridman cannot spend thousands of pounds a month on the upkeep of his London mansion, containing a 44 million-pound ($53.2 million) art collection, London's High Court ruled on Thursday. The 59-year-old also wanted to spend 1,850 pounds a month on communications systems, which Fridman said regulate Athlone House's telephones, IT, lighting, heating and security. Athlone House, in north London, was raided by Britain's National Crime Agency in December, which is the subject of a separate legal challenge by Fridman. The Russian billionaire, whose net worth is estimated by Forbes magazine at $12.8 billion, has been subject to British sanctions since March 2022, a month after Russia invaded Ukraine. His designation under Britain's sanctions regime was updated in September to remove a reference to him being a "pro-Kremlin oligarch".
Persons: Mikhail Fridman, Sergei Karpukhin, Fridman, Judge Pushpinder Saini, Fridman's, OFSI, Saini, Sam Tobin, Deborah Kyvrikosaios Organizations: Alfa Group, Russian, Industrialists, Entrepreneurs, REUTERS, Athlone, Athlone House, Britain's National Crime Agency, Forbes, Thomson Locations: Russian Union, Moscow, Russia, Russian, Athlone, Britain, Israel, London, Ukraine
U.S. intelligence agencies released no new imagery or other new evidence to make their case. A spokesman for the Office of the Director of National Intelligence said The Times and intelligence agencies had different interpretations of the video. On Tuesday, U.S. intelligence officials reaffirmed their assessment that Israel was not responsible for the explosion. The evaluation reflected a higher degree of certainty by U.S. intelligence officials that Israel was not responsible for the blast. If the United States gets additional information that would point in a different direction, the official said, intelligence agencies will release it.
Persons: Al Jazeera, Al, Israel, Biden, , Rishi Sunak, ” Mr, Sunak Organizations: Ahli Arab Hospital, New York Times, National Intelligence, Times, Hamas, Health Ministry, Palestinian, United States Locations: Al, Ahli, Gaza, U.S, Palestinian, Al Jazeera, Israel, Jihad, Israeli, United, , Gaza City
American intelligence officials said Tuesday they now had “high confidence” that the blast at Al-Ahli Arab Hospital in Gaza last week was the result of a Palestinian rocket that broke up mid-flight, and that no Israeli weapon was involved in the explosion. Those include how many people were killed or injured when, by the U.S. account, the warhead of a Palestinian rocket landed in the parking lot of the hospital. Last week, U.S. officials said their early intelligence showed that the blast was caused by an armed Palestinian group, rebutting Palestinian claims that an Israeli strike caused the explosion. The evaluation reflected a higher degree of certainty by U.S. intelligence officials that Israel was not responsible for the blast. The declassified assessment provides no specific information on where U.S. intelligence officials think a rocket causing the blast was launched from inside Gaza.
Persons: Israel, Biden, , Rishi Sunak, ” Mr, Sunak Organizations: Ahli Arab Hospital, Hamas, New York Times, Palestinian, United States Locations: Al, Ahli, Gaza, U.S, Palestinian, Israel, Jihad, Israeli, United, , Gaza City
NEW YORK (AP) — The already-alarming proliferation of child sexual abuse images on the internet could become much worse if something is not done to put controls on artificial intelligence tools that generate deepfake photos, a watchdog agency warned on Tuesday. In a written report, The U.K.-based Internet Watch Foundation urges governments and technology providers to act quickly before a flood of AI-generated images of child sexual abuse overwhelms law enforcement investigators and vastly expands the pool of potential victims. If it isn’t stopped, the flood of deepfake child sexual abuse images could bog investigators down trying to rescue children who turn out to be virtual characters. “That is just incredibly shocking.”Sexton said his charity organization, which is focused on combating online child sexual abuse, first began fielding reports about abusive AI-generated imagery earlier this year. It particularly targets the European Union, where there's a debate over surveillance measures that could automatically scan messaging apps for suspected images of child sexual abuse even if the images are not previously known to law enforcement.
Persons: “ We're, , Dan Sexton, , isn’t, Sexton, who’ve, , ” Sexton, they're, David Thiel, Kamala Harris, Susie Hargreaves, ” ___ O'Brien, Barbara Ortutay, Kim Organizations: Internet Watch Foundation, Court, IWF, European Union, Technology, Stanford Internet Observatory, U.S, Associated Press Locations: South Korea, Busan, Spain, London, Providence , Rhode Island, Oakland , California, Seoul
British Prime Minister Rishi Sunak speaks to the media after landing at Ben Gurion international airport in Lod, Near Tel Aviv, Israel October 19, 2023. REUTERS/Ronen Zvulun/File Photo Acquire Licensing RightsLONDON, Oct 23 (Reuters) - The explosion at a hospital in Gaza City was most likely caused by a missile fired from within Gaza, and not by a rocket from Israel, British Prime Minister Rishi Sunak said on Monday. "The British government judges that the explosion was likely caused by a missile, or part of one, that was launched from within Gaza towards Israel," Sunak told parliament. Palestinian officials said 471 people were killed in the blast at Al-Ahli al-Arabi Hospital on Tuesday. Gaza's health ministry blamed an Israeli air strike, while Israel said the blast was caused by a failed rocket launch by militants.
Persons: Rishi Sunak, Ronen, Sunak, Israel, Alistair Smout, Farouq Suleiman, Paul Sandle Organizations: British, Ben, REUTERS, Thomson Locations: Ben Gurion, Lod, Near Tel Aviv, Israel, Gaza City, Gaza, British, Al, Ahli, Arabi, United States, France, Canada
UK 30-year borrowing costs rise to highest since 1998
  + stars: | 2023-10-20 | by ( David Milliken | ) www.reuters.com   time to read: +2 min
A bus passes the Bank of England in the City of London, Britain, February 14, 2017. Ten-year gilt yields were 2 basis point higher on the day at 4.69%, not far off a 15-year high of 4.755% set on Aug. 17. The BoE has raised its interest rate 14 times since December 2021 to 5.25%, but investors think it is now on pause, with only a 13% chance of a rate rise on Nov. 2 after its next meeting. The chances of a further quarter-point rate to 5.5% by March next year stand at around 55%. Reporting by David Milliken; editing by William JamesOur Standards: The Thomson Reuters Trust Principles.
Persons: Hannah McKay, Liz Truss, Jerome Powell, Richard Hunter, Jeremy Hunt, BoE, David Milliken, William James Our Organizations: Bank of England, City of, REUTERS, Treasury, Federal, Interactive Investor, Bank of, Thomson Locations: City, City of London, Britain
The proposed sale of the Premier League soccer team Everton F.C. to a Miami-based holding company has stalled because the firm, 777 Partners, has failed to provide audited financial statements to a British government regulator that must approve the deal. The regulator, the Financial Conduct Authority, delivered its request to 777 Partners this month, according to multiple people with direct knowledge of the approval process, who spoke on the condition of anonymity because they were not authorized to discuss it publicly. If the company does not provide the requested financials or an acceptable explanation, its proposed takeover of Everton — a deal involving hundreds of millions of dollars in assumed debt and a coveted place in the world’s richest soccer league — could fall apart. The missing documents are the most significant complication to date in the effort by 777 Partners to add Everton to the collection of high-profile but financially troubled teams it has acquired over the past two years.
Persons: Everton — Organizations: Premier League soccer, Everton F.C, Financial, Authority, Partners, Everton Locations: Miami, British
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