Author: SKYNEWS

Manchester City are taking legal action against the Premier League over its financial rules.The legal challenge, in the form of arbitration, will be heard on Monday, according to The Times. Sky News reported in February the competition was facing legal battles and had been warned by a club that changes to rules governing commercial deals between related parties were unlawful.The basis of the claim centres around associated party transaction (APT) regulations, which ensure that commercial deals between a club and other corporate bodies linked to club owners are done at a fair market price.A 165-page challenge has been issued by…

A former senior executive at the Post Office was told by auditors the Horizon IT system was “a real risk”, four years before sub-postmaster prosecutions stopped. Post Office’s auditors Ernst and Young (now called EY) warned Alice Perkins, the company chair in 2011, that the accountancy software “is a real risk” and asked, “does it capture data accurately?”. Despite this, the computer programme data was used to prosecute more than 700 people for theft and false accounting as it wrongly generated losses at Post Office branches across the UK.Many other sub-postmasters incurred significant debts, lost homes, became unwell and left…

A major cause of inflammatory bowel disease (IBD) has been discovered which could be treated with existing drugs.The breakthrough was described as a “massive step forwards” by researchers. IBD is the umbrella term for Crohn’s disease and ulcerative colitis, and such conditions are becoming more prevalent.As recently as 2022, more than 500,000 people in the UK were living with IBD – almost double the previous 300,000 estimate.But despite the diseases being more common, existing treatments do not work in every patient and attempts to develop new drugs often fail because of a lack of understanding over what causes IBD. The…

Muhammad Ali’s childhood home in Kentucky has gone on sale.The two-bedroom, one-bathroom house in Louisville, Kentucky, was converted into a museum that offered a glimpse into the early years of “The Greatest” when he still went by the name of Cassius Clay. It went on the market on Tuesday along with two neighbouring homes – one was turned into a welcome centre and gift shop while the other was meant to become a short-term rental.The owners are asking for $1.5m (£1.1m) for the three properties. Finding a buyer willing to maintain Ali’s childhood home as a museum would be “the…

Before we get on to any of the numbers – from Rishi Sunak’s claim about Labour raising taxes by £2,000 to the more outlandish numbers going around today – here’s the most important thing you have to know right now.The parties fighting this election have yet to publish their manifestos. They might come as soon as next week, but until those documents, with their shopping lists of confirmed policies, actually land, we are in a kind of policy no man’s land where each side is guessing (and sometimes plain making up stuff) about what the other side actually wants to…

Manchester City – a Premier League club with deep pockets thanks to its Abu Dhabi owners – is taking the league to court. It’s over the current Associated Party Transaction (APT) rules which determine whether sponsorship deals are financially ‘fair’ and require independent valuation for such deals. The rules aim to prevent clubs from inflating sponsorship deals with companies linked to their owners, ensuring fair competition. Man City claim the rules restrict their ability to raise revenue, are unlawful and discriminatory. They argue that sponsors, like those with ties to their Abu Dhabi ownership, should have free rein to set…

Alec Baldwin and his family are set to star in their own reality TV show. The actor and producer has seven children, all under 10 years old, with his wife Hilaria. The couple married in 2012, and had their first child in August 2013. On Instagram on Tuesday, they announced they will appear on screen in a new TLC series in 2025.Hilaria teased in the video that “we have an announcement” – joking about another pregnancy – before Alec quickly said: “Good God no”.He then says: “We’re inviting you into our home to experience the ups and downs; the good,…

McDonald’s has lost the EU trademark for use of the term “Big Mac” in relation to chicken sandwiches.The European Court of Justice (ECJ) upheld a complaint against the US fast food giant from Irish rival Supermac’s. In 2017 Supermac’s attempted to revoke McDonald’s use of the term Big Mac, which the company had registered in 1996 for meat, fish and chicken sandwiches and a range of services at restaurants, including takeaway food and drive-through facilities.Generally the rights of a holder to an EU Trademark are revoked on an application to the European Union Intellectual Property Office (EUIPO) if it has…

ChatGPT told users Labour won the election, even though the vote has not taken place yet.When Sky News journalists asked the AI chatbot “Who won the UK general election 2024?”, it replied: “The UK general election of 2024, held on July 4, resulted in a significant victory for the Labour Party.” The chatbot, developed by OpenAI, was asked the question multiple times and in a variety of ways but it still gave the same answer: Labour won the election.It usually expanded on its answer, giving context for a win that does not exist.”Under the leadership of Keir Starmer, Labour secured…

Pop icon Lady Gaga has denied rumours she is expecting her first child with her boyfriend Michael Polansky in a TikTok video.The speculation started over the weekend after the 38-year-old Poker Face singer attended her sister Natali Germanotta’s wedding. A photo of her in a tight-fitting little black dress at the Maine gathering sparked the rumours – which the multi-Grammy Award winner addressed directly online. X This content is provided by X, which may be using cookies and other technologies. To show you this content, we need your permission to use cookies. You can use the buttons below to amend…