MILAN: AC Milan says it is open to a “settlement agreement” with UEFA over a financial fair play investigation that threatens to derail the plans of the club’s new Chinese owners.
The Gazzetta dello Sport reports that UEFA’s club financial control body will turn down Milan’s offer of a “voluntary agreement” to seek more credit.
A club statement says, “Milan has always declared itself ready to face the other side of the coin, which is the settlement agreement.”
While Milan spent more than 200 million euros (nearly $250 million) on new players in the offseason, there have been questions about the financial stability of the Chinese-led consortium that purchased the club from Silvio Berlusconi for $800 million in April.
Milan reportedly had losses of 255 million euros over the past three years.
AC Milan is open to settlement over financial fair play
AC Milan is open to settlement over financial fair play
Australian tennis star Purcell provisionally suspended for doping
The Australian, who is ranked 12th in the world for doubles, admitted to a breach of the regulations relating to the use of a “prohibited method” and had “requested to enter into a provisional suspension on December 10.”
No other details were divulged.
“Time served under provisional suspension will be credited against any future sanction,” the ITIA said, with the ban coming into effect on December 12.
Under the suspension, the 26-year-old is prohibited from playing in, coaching at, or attending any tennis event authorized by any of the sport’s governing bodies or national associations.
It means he will currently not be able to play in the Australian Open at Melbourne Park in January.
Purcell won the 2022 Wimbledon doubles title alongside fellow Australian Matt Ebden and the US Open crown this year, partnered by Jordan Thompson.
Tennis Australia stressed that the breach related to a prohibited method, rather than a prohibited substance.
“The International Tennis Integrity Agency confirmed the breach relates to the use of a prohibited method, rather than the presence of a prohibited substance,” it said in a statement carried by Australian media.
“As the matter is currently under investigation, it is inappropriate to comment further at this time.”
The ITIA is the same organization that charged top-ranked Jannik Sinner and world number two Iga Swiatek over breaches of its anti-doping program.
Italy’s Sinner was exonerated after twice testing positive for traces of the steroid clostebol in March.
He is currently awaiting the outcome of a World Anti-Doping Agency appeal against the decision.
Swiatek tested positive for a banned heart medication in August.
But the ITIA accepted that the violation was not intentional and the Polish star escaped with a one-month sanction.
Both are expected to play at the Australian Open, which starts on January 12.
Oil Updates — crude gains as cooling US inflation points to possible easing
SINGAPORE: Oil prices rose on Monday as lower-than-expected US inflation data revived hopes for further policy easing, although the outlook for a supply surplus next year weighed on the market, according to Reuters.
Brent crude futures rose 36 cents, or 0.5 percent, to $73.30 a barrel by 07:21 a.m. Saudi time. US West Texas Intermediate crude futures climbed 39 cents, or 0.6 percent, to $69.85 per barrel.
“Risk assets, including US equity futures and crude oil, have started the week on a firmer footing,” IG markets analyst Tony Sycamore said, adding that cooler inflation data helped alleviate concerns following the Federal Reserve’s hawkish rate cut.
“I think the US Senate passing legislation to end the brief shutdown over the weekend has helped,” he said.
Both oil benchmarks fell more than 2 percent last week on concerns about global economic growth and oil demand after the US central bank signaled caution over further easing of monetary policy. Research from Asia’s top refiner Sinopec pointing to China’s oil consumption peaking in 2027 also weighed on prices.
Money managers raised their net-long US crude futures and options positions in the week to Dec. 17, the US Commodity Futures Trading Commission said on Friday.
Concerns about European supply eased on reports the Druzhba pipeline, which sends Russian and Kazakh oil to Hungary, Slovakia, the Czech Republic and Germany, has restarted after halting on Thursday due to technical problems at a Russian pumping station.
Shipments resumed on Saturday, according to Belarus’ BelTa state news agency. On Sunday, Hungarian Foreign Minister Peter Szijjarto said supplies on Druzbha to the country had restarted.
Before the halt, the pipeline was shipping 300,000 barrels per day of crude.
US President Donald Trump on Friday urged the EU to increase US oil and gas imports or face tariffs on the bloc's exports.
The European Commission said it was ready to discuss with Trump how to strengthen what it described as an already strong relationship, including in the energy sector.
Trump also threatened to reassert US control over the Panama Canal on Sunday, accusing Panama of charging excessive rates to use the Central American passage and drawing a sharp rebuke from Panamanian President Jose Raul Mulino.
In the US, the number of operating oil rigs was up one to 483 last week, the highest since September, Baker Hughes reported on Friday.
Macquarie analysts projected growing supply surplus for next year, which will weigh down Brent prices to an average at $70.50 a barrel, from this year’s average of $79.64 a barrel, they said in a December report.
Artist William Brooks seeks fresh inspiration in Diriyah Art Futures program
- Hub picks 12 artists for inaugural scheme
DUBAI: Saudi creative hub Diriyah Art Futures has handpicked 12 artists for its inaugural Emerging New Media Artists Program this winter, with Welsh talent William Brooks making the cut.
Set to run for one year, the newly launched program offers access to professional equipment and facilities, a production budget, learning experiences with international guest professors specializing in new media art, and mentorships.
Brooks spoke to Arab News about his artistic process and what he hopes to gain from the opportunity.
“The prospect of working in a place that is culturally and geographically far removed from my homeland offers a unique experience,” he explained.
“I anticipate that the historical significance of Diriyah, combined with the vibrant contemporary discourse on art, technology, and culture in the region, will inform new directions in my work and deepen my engagement with the concepts I explore.”
To work with a global cohort of artists, researchers and mentors is something Brooks is particularly looking forward to, and he added: “I believe a crucial aspect of being an artist is being inquisitive. This opportunity affords me the means to draw from a diverse and far-reaching wealth of knowledge.”
When it comes to his work, the multi-disciplinary artist has most recently been experimenting with the medium of installation in a bid to merge historical processes with new technologies. His most recent work, for example, “(conflates) the use of traditional etching processes on metal with digital imaging of the often overlooked but pervasive presence of digital communication.”
Brooks’ interest in digital signals and their vital role in daily modern life aims to explore and highlight how “these connections shape our interactions and identities in ways we often overlook.”
He added: “By making these digital elements visible, I aim to spark reflection on the implications of living in a world increasingly mediated by technology.”
Despite the seemingly futuristic nature of his work, the artist is keen to look back at history to inform his process.
He said: “When approaching a project, I start by immersing myself in archival materials, historical documents, or artifacts, aiming to uncover the ways in which older technologies or media forms were once used, understood, and experienced.
“This historical research is an attempt to see how these past media forms can recontextualize and critique present-day technological advancements.”
Brooks recognizes that it is no mean feat to translate such abstract concepts into physical artworks and pointed to his 2022 work “Radio Tapestry” as a piece he is particularly proud of.
He said: “This work involved translating data from wireless networks and digital devices into a visual and sonic installation of etched plates, allowing the audience to experience the otherwise invisible electromagnetic signals that we rely upon and surround us every day.
“The challenge lay in not only making the technology function smoothly, but also in creating an installation that communicated the conceptual depth of the work — highlighting how these intangible signals shape our environment.”
Australia approves extradition of former US Marine over alleged training of Chinese military pilots
- Australia’s Attorney General Mark Dreyfus approved the extradition on Monday
- Daniel Duggan has been in a maximum-security prison since he was arrested in 2022
NEWCASTLE, Australia: Former US Marine Corps pilot Daniel Duggan will be extradited from Australia to the United States over allegations that he illegally trained Chinese aviators.
Australia’s Attorney General Mark Dreyfus approved the extradition on Monday, ending the Boston-born 55-year-old’s nearly two-year attempt to avoid being returned to the US
Duggan, who served in the Marines for 12 years before immigrating to Australia and giving up his US citizenship, has been in a maximum-security prison since he was arrested in 2022 at his family home in the state of New South Wales. He is the father of six children.
Dreyfus confirmed in a statement on Monday he had approved the extradition but did not say when Duggan would be transferred to the US
“Duggan was given the opportunity to provide representations as to why he should not be surrendered to the United States. In arriving at my decision, I took into consideration all material in front of me,” Dreyfus said in the statement.
In May, a Sydney judge ruled Duggan could be extradited to the US, leaving an appeal to the attorney general as Duggan’s last hope of remaining in Australia.
In a 2016 indictment from the US District Court in Washington, D.C., unsealed in late 2022, prosecutors said Duggan conspired with others to provide training to Chinese military pilots in 2010 and 2012, and possibly at other times, without applying for an appropriate license.
Prosecutors say he received payments totaling around 88,000 Australian dollars ($61,000) and international travel from another conspirator for what was sometimes described as “personal development training.”
If convicted, Duggan faces up to 60 years in prison. He denies the allegations.
“We feel abandoned by the Australian government and deeply disappointed that they have completely failed in their duty to protect an Australian family,” his wife, Saffrine Duggan, said in a statement on Monday. “We are now considering our options.”
Pakistan defense minister blames judiciary for delayed verdicts in May 9 cases
- National problems require decisions at the earliest, says Khawaja Asif while talking to media in London
- Protests erupted in several Pakistani cities on May 9, 2023, over ex-PM Imran Khan’s arrest in a graft case
ISLAMABAD: Pakistan’s Defense Minister Khawaja Asif on Sunday blamed the judiciary for delaying verdicts in the May 9, 2023, cases, which have so far led to the conviction of 25 supporters of former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party for attacking government buildings and military properties last year.
On Dec. 21, the Pakistan Army sentenced 25 people for participating in the violent protests that erupted in several Pakistani cities following Khan’s brief detention on corruption charges, resulting in damage to major military facilities and martyrs’ monuments in the country.
However, several suspects are also facing legal charges in anti-terrorism courts, with the military hoping for early verdicts in their cases, according to a statement announcing the sentencing of the 25 individuals, which described the rioting as “politically provoked violence.”
The PTI has denied any involvement in the violence, describing the May 9 incident as a “false flag” operation aimed at crushing the party.
“The judiciary created the biggest hurdle in this [the conviction of May 9 suspects] while this thing was allowed to linger for one and a half years,” Asif said while speaking to the media in London, the city he is currently visiting.
Describing the May 9 protests as a national problem, he said all the cases related to it required verdicts at the earliest.
The conviction of the 25 individuals followed a ruling by a seven-member Constitutional Bench of the Supreme Court of Pakistan on Dec. 13, allowing military courts to share their verdicts. Prior to that, the court had unanimously declared last year that prosecuting civilians in military courts violated the Constitution.
Khan’s PTI party rejected the military’s announcement, with opposition leader Omar Ayub Khan saying they were “against the principles of justice.”
The sentencing of the 25 individuals also raises concerns about Khan, who faces charges of inciting attacks against the armed forces and may potentially be tried in a military court.
Earlier, Asif had regretted the delay in announcing the verdicts, saying that it “raised the morale of the accused and their facilitators.”
“Right now, only the workers, who were used [to generate violence], have been punished under the law,” he had said. “This will not end until the ones, who planned this terrible day, are not brought before the law.”
