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UK court awards £700 mn to HP in late tycoon's fraud case
UK court awards £700 mn to HP in late tycoon's fraud case

France 24

time13 hours ago

  • Business
  • France 24

UK court awards £700 mn to HP in late tycoon's fraud case

A UK court ruled in 2022 in favour of the US technology giant, now known as Hewlett Packard Enterprise (HPE), in a civil case linked to the sale of Lynch's company, Autonomy. Lynch, once dubbed the "British Bill Gates", founded software firm Autonomy in the 1990s. Its $11 billion sale to Hewlett Packard in 2011 also saw him face fraud charges in the United States. HP accused Autonomy of artificially inflating its revenues and growth before the sale and had demanded $5 billion in compensation. "We are pleased that this decision brings us a step closer to the resolution of this dispute," said a spokesperson for Hewlett Packard. "We look forward to the further hearing at which the final amount of HPE's damages will be determined," they added. The further hearing, dealing with matters including interest, currency conversion and whether Lynch's estate can appeal the decision, is scheduled for November. The British court had not yet awarded damages when Lynch was killed along with his 18-year-old daughter Hannah, four friends and the yacht's cook in the sinking of his British-flagged vessel Bayesian in a storm in August 2024. Lynch, 59, his family and guests were on board celebrating his acquittal in the massive US fraud case. The 56-metre (185-foot) yacht was struck by a mini-tornado before dawn as it was anchored off Porticello, near Palermo. Hewlett Packard had recorded nearly $9 billion in write-downs, including more than $5 billion it claimed resulted from accounting manipulations by Autonomy's directors before the sale. But justice Robert Hildyard in the British case wrote in his ruling that "HP's claim was always substantially exaggerated". The initial compensation award had been expected in September 2024, and before his sudden death Lynch had prepared a written reaction to the judgement. The ruling "exposes HP's failure and makes clear that the immense damage to Autonomy was down to HP's own errors and actions", he wrote, adding that the company would consider appealing the decision.

10 things about Palermo ahead of Anglo Palermitan Trophy
10 things about Palermo ahead of Anglo Palermitan Trophy

Yahoo

time15 hours ago

  • Sport
  • Yahoo

10 things about Palermo ahead of Anglo Palermitan Trophy

City face City Football Group sister club Palermo in the inaugural Anglo Palermitan Trophy in Sicily next month. We'll travel to the Renzo Barbera Stadium to play the Serie B side at 20:00 (UK) on Saturday 9 August as we finalise preparations for the 2025/26 campaign. Advertisement The match will be shown live on and our official app for those with a CITY+ subscription. SUBSCRIBE TO CITY+ Ahead of the game, get to know a little more about our opponents… Early years English sailors and shipyard workers in Sicily, as well as politicians and businessmen, helped set up the Anglo Palermitan Athletic and Football Club in 1900. They initially played in white and red shirts as a homage to the Union Flag and changed their name to Palermo Football Club a few years later. The Anglo Palermitan Trophy commemorates the Sicilian club's maiden fixture against a team of British sailors in 1900. Advertisement Home Palermo play at the Renzo Barbera Stadium and have done since 1932. It takes its name from Palermo's chairman in the 1970s – a celebrated era for the club. Fans will commonly call it 'La Favorita' in recognition of its name between 1945 and 2002. Initially built with a running track, that was removed in 1948 meaning the stands around the ground now feel tight to the pitch. With a capacity of more than 36,000, it's been used sporadically for Italy home matches as well as three times in the 1990 World Cup – with Netherlands, Republic of Ireland and Egypt all playing there. Kits Playing in red and blue early on, Palermo chose the striking pink and black base with the change of name in 1907. Advertisement To this day, they remain one of few clubs around the world to wear pink in home matches and have gained something of a cult following around the world thanks to this. Crest Palermo's crest has gone through many changes in their long, storied history. It has been predominantly pink and black, in line with the home kits, since 1921. Many of the iterations have also featured an eagle, which also features on the city's coat of arms. The current design was unveiled in 2019, with the eagle's head pointed in a stylised 'P'. Star names Having gone through a golden period during the 2000s, many of Palermo's most recognisable names are still active or recently retired professionals. Advertisement Uruguayan striker Edinson Cavani, stoic defender Andrea Barzagli and Argentinian creative talents Javier Pastore and Paulo Dybala are amongst those, while the likes of World Cup winners Luca Toni and Fabio Grosso feature in the previous generation. In 2020, the club held a vote for entries into their Hall of Fame – with Italian forward Fabrizio Miccoli earning more votes than anyone else. Miccoli scored 81 times in 179 appearances between 2007 and 2013. Trophies won Having been up and down through the Italian football pyramid, Palermo have had a rollercoaster existence. Thye've been Serie B champions on five occasions, with the first coming back in 1931/32 and the most recent in 2013/14. Advertisement In their early days, they were often winners of the Lipton Challenge Cup which was played between teams from Sicily and the south of the mainland. This meant that the final was often competed for by Palermo and Napoli, who are the current champions of Italy. European history Palermo's glory days in the 2000s saw them feature in the UEFA Cup/Europa League five times between 2005 and 2012. Their best performance came in 2005/06, when they reached the Round of 16 after meeting the likes of Lokomotiv Moscow, Espanyol, Brondby and Slavia Prague. In total, they've played 28 games in European competition and won 13 of them. Advertisement Widespread support As one of Sicily's leading clubs, support for Palermo is often closely associated with a strong sense of identity and pride in the island itself. Many Sicilian immigrants to mainland Italy continue to support the club after moving, while some Palermo fans based in Germany even started their own club in honour of their team back home, named FC Rosaneri. CFG connection 'I Rosanero' became the eleventh member of CFG in 2022 and opened their own City Football Academy just two years later. The historic Sicilian club will become the fourth CFG side that the Manchester City men's first team have faced on the pitch, following previous friendly matches with Melbourne City FC, Yokohama F. Marinos and Girona FC Advertisement Looking to the future… After an eighth-place finish in Serie B last season, Palermo have this summer appointed legendary former striker Filippo Inzaghi as their new manager. Since retiring as a player in 2012, he's turned his hand to management for multiple Italian clubs but will now be targeting a return to the top-flight for his new club. This will be his first home game as Palermo boss, so there will be a great sense of anticipation amongst the home support as well as excitement about the game itself.

Fans left shocked after spotting A-list popstar enjoying a cigarette in Palermo in the background of a TikTok video
Fans left shocked after spotting A-list popstar enjoying a cigarette in Palermo in the background of a TikTok video

Daily Mail​

time16 hours ago

  • Entertainment
  • Daily Mail​

Fans left shocked after spotting A-list popstar enjoying a cigarette in Palermo in the background of a TikTok video

Fans were left shocked after spotting Dua Lipa perched on a pavement in the background of a TikTok video on the weekend. It seems the One Kiss hitmaker, 29, had taken some time away from her Radical Optimism World Tour to enjoy a few days in the Sicilian city of Palermo. Filmed from across the narrow street, the video showed Dua sat down on a pavement relaxing with a glass of wine and a cigarette in the Italian sunshine. The star seemed in great spirits as she chuckled with the person next to her, who was revealed in a later video to be her fiancé Callum Turner, 35. Dua and Callum were also seen putting on a loved-up display as they strolled around the characterful city arm-in-arm, with the singer clad in a white blouse and a pair of denim shorts. Fans however were left stunned after seeing the footage, with many taking to the comments section to express their surprise at how 'normal' the star seemed. They wrote on TikTok: 'And she's just SITTING ON THE SIDEWALK with a glass of wine too! No boujee fancy private table at the best restaurants... ugh I love how she just seems like a chill, normal person unlike a lot of other celebrities at her level of fame'; 'She has the perfect level of fame. Extreme wealth, the face of many million dollar high fashon/ cosmetic brand deals, touring stadiums and yet doesn't get swarmed and stalked while outside she hasn't got parasocial fan bases like ariana, taylor or beyonce etc', 'how's she chilling like everyone i love her'. But others criticised Dua for smoking, claiming the habit could effect her singing career. They commented: 'It's really hard to understand why ppl still smoke, so young too!';'Why do singers smoke?' 'Smoking is destroying her voice but i guess she doesnt care just enjoy the moment', The Radical Optimism tour, which began in May, has so far taken Dua around Australia and back to the United Kingdom, with the Brit rocking back-to-back shows at Wembley Stadium last month. The tour is set to recommence at the start of August, with the Levitating singer embarking on its North American leg before heading to South America later this year. It will conclude on December 5 in Mexico City. Fans however were left stunned after seeing the footage, with many taking to the comments section to express their surprise at how 'normal' the star seemed In the mean time, Dua has been enjoying some time away from the stage with her fiancé Callum. Just a couple of weeks ago they were spotted packing on the PDA during a romantic getaway to the Amalfi Coast, also in southern Italy. They couldn't keep their hands off each other while sharing a passionate kiss in the sun, with Dua flaunting her toned physique in a Polka dot bikini. It came after Dua expressed her excitement about the pair's recent engagement for the first time during an interview with British Vogue. Talking about her future with Callum, she said: 'I'd love to have kids one day. But it's like the constant question of when would there ever be a good time – how it would fit in with my job and how it would work if I went on tour, and how much time out I'd have to take. 'I think it's just one of those things that's going to happen when it happens. I love kids, but I think there's so much more to raising a child than just loving children.' Confirming their engagement, Dua said: 'Yeah we're engaged. It's very exciting. 'This decision to grow old together, to see a life and just, I don't know, be best friends forever - it's a really special feeling.'

Erling Haaland issues personal welcome to Manchester City's newest signing
Erling Haaland issues personal welcome to Manchester City's newest signing

Yahoo

time5 days ago

  • Sport
  • Yahoo

Erling Haaland issues personal welcome to Manchester City's newest signing

Manchester City striker Erling Haaland has issued a personal welcome on his Instagram account to the club's newest recruit and fellow countryman, Sverre Nypan. The arrival of Nypan marks the latest move in City's continued push to invest in the future of their midfield, with the 18-year-old Norwegian considered one of the most exciting talents to emerge from Scandinavia in recent years. Having been tracked by multiple top clubs across Europe throughout this year, it was Manchester City who ultimately acted most decisively to secure his signature in a deal that reflects both long-term belief in the player and immediate planning. City's strategy for developing young players has often included early first-team exposure, followed by carefully selected loan moves. Nypan's signing fits into that mould, offering Pep Guardiola and his staff another technically gifted option to nurture through in the short term, with the longer-term aim of integrating him more permanently into the senior squad. The player is expected to report for pre-season training with the first team on Monday 28 July, and his potential involvement in the club's friendly against Palermo in Sicily on Saturday 9 August could offer fans a first glimpse at his qualities in a Manchester City shirt. Issuing a personal welcome to 18-year-old Norwegian midfielder Sverre Nypan to Manchester City on Thursday evening, Erling Haaland wrote on Instagram to his fellow countryman, 'Welcome Sverre!' The message from Haaland — Norway's most high-profile football figure and a key face of the Manchester City project — will no doubt be a significant moment for the young midfielder. It not only underscores the pride within Norwegian football circles but also hints at the camaraderie Sverre Nypan can expect within a senior squad that thrives on culture and mentorship. Nypan arrives at the Etihad following a £12.5 million transfer from Rosenborg, a fee that is understood to include no add-ons or future sell-on clauses, signing a five-year contract running until the summer of 2030, and committing his development to City's long-term plan. According to reports, a loan deal is expected for the 2025/26 season, although no destination has yet been agreed. Clubs within the City Football Group — such as Girona — could emerge as frontrunners, depending on the outcome of pre-season assessments. Should no agreement be reached before the end of the summer window, Nypan will remain with City's senior squad. With City facing potential long-term midfield evolution due to uncertain futures of players such as Ilkay Gündoğan and Mateo Kovacic, Nypan could quickly rise through the ranks if he impresses in training and in any minutes offered over the coming weeks.

Man City reveal 2025-26 away kit
Man City reveal 2025-26 away kit

Yahoo

time5 days ago

  • Sport
  • Yahoo

Man City reveal 2025-26 away kit

Manchester City have unveiled their away kit for the upcoming 2025-26 season. The all-black shirt takes inspiration from the club's oldest-known kit, dating back to 1884, while the traditional collar and white trim "merges classic and contemporary". The jersey also features a metallic club crest as a nod to the "timeless essence" of the club. Pep Guardiola's side will wear the strip for the first time on Saturday, 9 August for their pre-season friendly against Palermo in Italy. City believe they have created "a powerful tribute" to their earliest-known kit, but what do you make of it? Choose your verdict here

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