first_img0Shares0000Manchester City’s 2016-17 annual report reveals that the club’s revenues have grown for a third successive year © AFP/File / SCOTT HEPPELLLONDON, United Kingdom, Nov 8 – Premier League leaders Manchester City announced record revenues of Sh64.2bn (£473.4m) for the past financial year on Wednesday.The figures published in City’s annual report for 2016-17 mark an increase of 21 percent on the previous year’s revenues and represent the third successive year the club’s revenues have grown. City are flying on the pitch as well at the moment, with Pep Guardiola’s free-scoring side eight points clear at the Premier League summit and into the Champions League last 16.“This report is about making sure our fans and our partners can see the true detailed status of every aspect of the club,” said City chairman Khaldoon Al Mubarak in a press release.“What hopefully comes across is that the football organisation and off-field business have the right symmetry and balance to allow us to continue to further strengthen and grow.”Manager Pep Guardiola’s Manchester City are eight points clear at the Premier League summit and into the Champions League last 16 © AFP/File / Oli SCARFFCity, who were purchased by Sheikh Mansour of Abu Dhabi in 2008, remain debt-free.During Sheikh Mansour’s tenure, they have won two Premier League titles, two League Cups and the FA Cup.The club had never previously recorded revenues above £400 million and Al Mubarak said revenue growth was moving “towards the £500 million mark”.Guardiola failed to win a trophy in his first season as City manager, but chief executive Ferran Soriano said the club’s objectives were in line with the manager’s.“We are committed to playing beautiful football and to win,” he said. “Both elements are compatible and the second is a consequence of the first.”Al Mubarak said the nine trophies won by City’s youth teams showed youth development was “a central pillar for the club’s long-term sustainability”.He also paid tribute to City’s women’s team for winning a treble of domestic trophies, calling it an “outstanding achievement”.0Shares0000(Visited 1 times, 1 visits today)last_img read more

first_imgNew Delhi: Suave, articulate and a super strategist, Arun Jaitley was the BJP’s and Prime Minister Narendra Modi’s chief trouble-shooter whose superb four-decade-long political career was cut short by poor health.As the world mourned Jaitley’s death, leaders across party lines remembered how he was a mentor and guide to many. Prime Minister Narendra Modi, in his condolence message, described Jaitley as a “valued friend” whose insights and nuanced understanding of matters had “very few parallels.” Official sources said the Prime Minister spoke to his wife and son who insisted that he does not cancel his foreign tour. Also Read – India gets first tranche of Swiss bank a/c detailsIn his tweets, Modi said: “With the demise of Arun Jaitley Ji, I have lost a valued friend, whom I have had the honour of knowing for decades. His insight on issues and nuanced understanding of matters had very few parallels. He lived well, leaving us all with innumerable happy memories. We will miss him!” In a statement, Congress interim president Sonia Gandhi said: “Jaitley had a long innings as a public figure, Parliamentarian and Minister and his contributions to public life will forever be remembered.” Delhi Chief Minister Arvind Kejriwal tweeted: “Untimely demise of former FM and senior leader Sh Arun Jaitley ji is a huge loss to the nation…” West Bengal Chief Minister Mamata Banerjee also expressed sadness over Jaitley’s demise and said he was a politician who was “appreciated across parties”.last_img read more

Global Olympic gold medals per capita are at their lowest point since the first modern Olympics in 1896.There are 306 events at the Olympics this summer, with one gold medal per event.1Though an extra gold or two could result from ties. Also, more than one athlete can share a medal in team and relay events, so the number of athletes earning medals is greater than the number of medals in the country-by-country medal table. There are more than 7.3 billion people worldwide. That’s fewer than 42 events for every billion people, and that ratio has been declining since the 2000 Sydney Games, when the Olympics grew to 300 events, up 11 percent from 1996 and 48 percent higher than in 1980.In 2002, an International Olympic Committee report warned that the games were growing too big. “Today, the Olympic Movement must contend with the reality that more sports want to participate in the Olympic Games, more athletes want to compete in the Olympic Games, more people want to attend the Olympic Games, and more media want to cover the Olympic Games,” the report said. As a result, the cost of hosting the games was increasing and some countries were being left out of the running in bids to serve as host, according to the report.The IOC has heeded the report’s warning and pressed pause on the Summer Olympics’ rapid growth rate.2The number of events in the Winter Olympics hasn’t stopped growing, in part because those games are so much smaller than the Summer Games. Population numbers for the per capita numbers in the text and chart are from the U.S. Census Bureau, which has annual estimates since 1950. For Olympics before 1950, I used United Nations 1999 estimates compiled by the Census Bureau for global population in 1850, 1900, 1910, 1920, 1930, 1940 and 1950, interpolating for Olympic years for which an estimate wasn’t available by assuming linear growth between estimated years. Though events per capita were much higher in the first half of the 20th century, everything that surrounded those events has grown, including the number of security forces and members of the media. Also, many more athletes today compete per event, from far more countries, than did then. The number of events has not quite doubled since 1920, but the number of participating athletes is roughly four times higher today and the number of participating countries is about seven times higher.3Media reports put the number of athletes this summer at somewhere between 10,500 and more than 11,000, and the number of countries at 206 or 207; the organizing committee’s media office didn’t respond to a request for a count.The decrease in events per capita has meant more athletes are competing for a chance to win roughly the same number of medals. It also has meant that sports not yet in the Olympics have had a hard time breaking into the games, and when they have, it has usually come at the expense of others, such as baseball and softball. That will change in Tokyo, though, as yet another new Olympic philosophy on growth will bring five new sports into the fold. read more

first_img 0 Now playing: Watch this: Stronger data privacy laws may be coming to the US Post a comment 1:41 Tags In conjunction with the settlement, TikTok said that starting Wednesday it’ll direct younger users to “a limited, separate app experience that introduces additional safety and privacy protections designed specifically for this audience.” The version for younger users doesn’t allow sharing of personal information and puts “extensive” limitations on content and interactions, TikTok said. TikTok also launched a series of safety videos Wednesday aimed at guiding users through the app’s community guidelines, privacy settings and digital well-being tools. As part of the settlement, the app must also comply with COPPA going forward and take down videos made by kids under the age of 13.  TikTok has reportedly surpassed 1 billion downloads on iOS and Android. Joel Saget / AFP/Getty Images Social video app TikTok will pay $5.7 million dollars to settle Federal Trade Commission charges that it illegally collected personal information from children. TikTok, previously known as Musical.ly, lets users record themselves lip-synching to popular music videos and share the clips with friends. The app has reportedly surpassed 1 billion downloads on iOS and Android. The FTC had alleged that the app’s operators violated the Children’s Online Privacy Protection Act by failing to obtain parental consent before collecting personal info on kids under the age of 13, according to a release Wednesday. TikTok also failed to delete that personal information when they received complaints from parents and their children, according to the FTC.”This record penalty should be a reminder to all online services and websites that target children: We take enforcement of COPPA very seriously, and we will not tolerate companies that flagrantly ignore the law,” said FTC Chairman Joe Simons in the release, which noted that this is the larges- ever civil penalty obtained by the commission in a children’s privacy case. Privacy FTC Mobile Digital Media Share your voicelast_img read more

first_imgVolkswagen may offer VW owners in Germany discounts on new cars if they turn in certain old models affected by the emissions scandal that has rocked Europe’s biggest carmaker, German news agency DPA reported on Sunday.Volkswagen is battling the biggest business crisis in its 78-year history after admitting last month it installed software in diesel vehicles to deceive U.S. regulators about the true level of their toxic emissions.The company has said it would recall around 8.5 million diesel vehicles in Europe that contained such software. The special offers would be available only in Germany, where around 2.4 million of the vehicles to be recalled were sold.Incentives for VW owners to buy new vehicles could help ensure that sales remain stable after the scandal and take pressure off VW dealerships to implement fixes quickly.Each German dealership will have to handle an average of 1,100 recalled vehicles, each of which will require at least an hour and a half of work, DPA said. That could result in a long wait for customers.The offer of discounts for new car buyers may focus on the owners of vehicles with 1.6 litre diesel engines, sources at Volkswagen and VW dealerships said, according to DPA. Those models need hardware changes, a more costly upgrade than the software changes needed for other affected vehicles.No decision had been made on the matter yet, DPA quoted a person familiar with the matter as saying.Volkswagen said in response that it was common for Volkswagen and its dealers to consider special offers for existing customers.last_img read more