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Paradise Papers raise Everton ownership queries

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Farhad Moshiri bought a 49.9% stake in Everton in 2016

Everton's biggest shareholder is facing questions over the ownership of the club in the wake of the so-called Paradise Papers leak.

The documents, relating to the financial affairs of some of the world's top business people, companies and well-known figures including the Queen, was released to a panel of news organisations including The Guardian newspaper and the BBC.

Contained within the 13.4 million records were documents relating to Farhad Moshiri and links to Alisher Usmanov.

It is claimed the papers suggest Mr Moshiri was gifted funds by the Russian oligarch to buy a joint 30% stake in Arsenal.

Mr Moshiri sold his shares to Mr Usmanov in February 2016, with the businessman going on to purchase a 49.9% holding in Everton last year.

The claims were seen as raising questions about who actually owns what in which club and whether Premier League ownership rules – which forbid any large investor from having holdings in multiple clubs – have been broken in the process.

:: Corbyn vows to 'come down hard' on tax avoiders

Arsenal's Russian shareholder Alisher Usmanov
Alisher Usmanov has a 30.4% holding in Arsenal

Mr Usmanov and Mr Moshiri have denied any wrongdoing.

The Russian's legal representatives said there were factual errors in the allegations, including claims that the company used to oversee Mr Moshiri's purchase of the Merseyside club in 2016 was owned by Mr Usmanov.

Lawyers for the Iranian-born British investor have said he is independently wealthy – telling BBC Panorama that he funded his football investments himself.

Labour's deputy leader Tom Watson has called on the Premier League to investigate.

The Premier League issued a statement to Sky clarifying its ownership rules, saying it would not disclose confidential information about clubs.

But it added: "The Premier League has wide-ranging rules in the areas of club ownership and finance.

"These include prospective new owners having to meet the Premier League Board and provide extensive detail on the sources and sufficiency of funding they have in place.

"They must also submit information on the financial structure of any proposed investment, and a business plan demonstrating that all liabilities can be met for at least 12 months ahead.

"The League prohibits any club owner or director from having an interest in another club, or the ability to influence another club's policies.

"Should a prospective club owner have previously held shares in a different club, they must provide evidence that they have been divested.

"Only when these and many other rules have been applied, and due diligence completed, will the Premier League Board allow an investment to proceed."

More business news

  • Previous article Microsoft prepares to release Xbox One X
  • Next article US secretary hits back at Paradise Papers claims


Source – News.sky.com

Entertainment

Actor’s son says Spacey groped him in 2008

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Actor's son says Spacey groped him in 2008

PlayNetflix/Kobal/REX/Shutterstock

WATCH Accusations mount against Harvey Weinstein and Kevin Spacey

    Harry Dreyfuss, the son of actor Richard Dreyfuss says Kevin Spacey groped him in 2008, adding another allegation to the mounting claims against the "House of Cards" actor.

    In a guest column published Saturday by Buzzfeed, Harry Dreyfuss said the occurrence took place while his father was rehearsing at Spacey's London apartment for the play "Complicit" at the Old Vic theater. Dreyfuss was 18 at the time. He said he didn't tell his father about the encounter for several years.

    An attorney for Spacey didn't immediately respond to messages Sunday.

    Netflix on Friday cut ties with Spacey after numerous allegations of sexual harassment and assault were leveled against the 58-year-old actor. London police are reportedly investigating Spacey for a 2008 sexual assault.

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    Entertainment

    Larry David criticized for ‘SNL’ Holocaust jokes

    WireAP_0af98ba8561d4a6d9c2bbbb9911b6ac2_12x5_992

    Larry David criticized for 'SNL' Holocaust jokes

    The Associated Press
    FILE – In this Sept. 27, 2017, file photo, Larry David attends the premiere of HBO's "Curb Your Enthusiasm" at the SVA Theatre in New York. David was criticized for joking about dating in concentration camps during the Holocaust during his "Saturday Night Live" monologue on Nov. 4, 2017. (Photo by Charles Sykes/Invision/AP, File)

      Larry David is facing criticism from the Anti-Defamation League and others for joking about dating in concentration camps during his monologue while hosting "Saturday Night Live" over the weekend.

      David, who is Jewish, noted that disgraced movie mogul Harvey Weinstein, who is at the center of the sexual harassment firestorm gripping Hollywood, is also Jewish before going into jokes about pickup lines in concentration camps.

      The jokes were met with groans and awkward chuckles from the audience.

      Social media was quick to criticize the HBO star. Anti-Defamation League CEO Jonathan Greenblatt tweeted that David "managed to be offensive, insensitive & unfunny all at same time. Quite a feat."

      Representatives for David didn't immediately return a request for comment Monday.

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      World

      Australia gonorrhoea cases surge 63%

      _98628408_ce77dd72-f1e5-479d-839f-68e61dd764d0

      Australia gonorrhoea cases surge 63%

      Image copyright CNRI/SCIENCE PHOTO LIBRARY
      Image caption Gonorrhoea rates have soared 72% for men and 43% for women.

      The number of cases of gonorrhoea in Australia has soared by 63% in the past five years, a new study has found.

      Australian researchers say the rise in gonorrhoea diagnoses was led by an increase in infection in young heterosexual city dwellers.

      However the reasons for the dramatic increase are unclear, researchers say.

      Changes in sexual behaviour or a particular strain of the infection could be behind the rise, researchers told AAP.

      Gonorrhoea can infect the genitals, rectum and throat, and is treatable with antibiotics.

      "Up until recently, gonorrhoea had been uncommon in young heterosexual people living in major cities," said associate professor at the University of New South Wales, Rebecca Guy, one of the study's authors.

      "Rising rates in this group highlight the need for initiatives to raise awareness among clinicians and young people about the importance of testing."

      An annual report on Australia's sexual health was released by the university's Kirby Institute on Monday.

      • First vaccine shows gonorrhoea protection
      • Oral sex spreading unstoppable bacteria

      It found that other sexually transmissible infections (STIs), such as syphilis, had also increased, particularly among Indigenous Australians.

      Meanwhile the number of HIV diagnoses remained steady for a fifth consecutive year at about 1,000 cases.

      Chlamydia was the most common STI in Australia, with nearly 72,000 cases last year. Three quarters of the sufferers were aged 15-29.

      Mostly men affected

      Between 2012 and 2016, rates of gonorrhoea jumped from 62 per 100,000 people to 101 per 100,00 people.

      Rates soared 72% for men and 43% for women.

      The rise suggested "suggests increasing transmission through heterosexual sex", the report said.

      Young people saw the biggest increase, with males aged between 25 and 29, and females aged 20 and 24 experiencing the steepest rises.

      However the majority of cases still affect men.

      In 2016, men experienced three-quarters of the near 24,000 cases of gonorrhoea.

      The rate of infection among Aboriginal and Torres Strait Islander people were also almost seven times that of the non-Indigenous population.

      Gonorrhoea has no symptoms in about 80% of women and 50% of men.

      The World Health Organization warned earlier this year that the disease is rapidly developing resistance to antibiotics.

      What is gonorrhoea?

      Image copyright Getty Images

      The disease is caused by the bacterium called Neisseria gonorrhoea.

      The infection is spread by unprotected vaginal, oral and anal sex.

      Symptoms can include a thick green or yellow discharge from sexual organs, pain when urinating and bleeding between periods.

      However, of those infected, about one in 10 heterosexual men and more than three-quarters of women, and gay men, have no easily recognisable symptoms.

      Untreated infection can lead to infertility, pelvic inflammatory disease and can be passed on to a child during pregnancy.


      Source – bbc.com

      World

      Saudi prince killed in helicopter crash near Yemen border

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      Saudi prince killed in helicopter crash near Yemen border

      Image copyright Getty Images
      Image caption File photo: A Saudi special forces helicopter flying in Riyadh, 2015

      A senior Saudi prince was killed when the helicopter he was travelling in crashed near the border with Yemen, state television reports.

      Prince Mansour bin Muqrin, the deputy governor of Asir province, was travelling with several officials when the helicopter crashed, Al-Ikhbariya news channel reports.

      The cause of the crash is unknown.

      It comes a day after a major purge of the kingdom's political and business leadership, including several princes.

      The detentions, ordered by an anti-corruption body led by the kingdom's Crown Prince Mohammed bin Salman, targeted dozens of people, including 11 princes, four ministers and dozens of ex-ministers.

      The unprecedented move is seen as an attempt to cement the power of the heir to the throne.

      • Saudi Arabia profile

      Prince Mansour bin Muqrin was the son of another former crown prince.

      His father, Muqrin bin Abdul Aziz, was pushed aside by his half-brother King Salman a few months after he took the throne in 2015.

      The wreckage of the aircraft was found on Monday, the interior ministry says, and a search is under way for any survivors.

      The group was carrying out an aerial inspection of the region when it crashed, it adds.


      Source – bbc.com

      Technology

      Amid booming economy, homelessness soars along US West Coast

      WireAP_22f63e2c6b3441c6bfa733df818d20cd_12x5_992

      Amid booming economy, homelessness soars along US West Coast

      The Associated Press
      In this Oct. 30, 2017 photo, Dave Chung, who says he has been homeless for five years on the streets of California and Washington state, eats a meal before bedding down in a bus shelter in view of the Space Needle in Seattle. Chung says he has been offered shelter many times, but chooses to remain outside due to the living conditions in homeless shelters and conflicts he has with other people. (AP Photo/Ted S. Warren)

        In a park in the middle of a leafy, bohemian neighborhood where homes list for close to $1 million, a tractor's massive claw scooped up the refuse of the homeless – mattresses, tents, wooden frames, a wicker chair, an outdoor propane heater. Workers in masks and steel-shanked boots plucked used needles and mounds of waste from the underbrush.

        Just a day before, this corner of Ravenna Park was an illegal home for the down and out, one of 400 such encampments that have popped up in Seattle's parks, under bridges, on freeway medians and along busy sidewalks. Now, as police and social workers approached, some of the dispossessed scurried away, vanishing into a metropolis that is struggling to cope with an enormous wave of homelessness.

        That struggle is not Seattle's alone. A homeless crisis of unprecedented proportions is rocking the West Coast, and its victims are being left behind by the very things that mark the region's success: soaring housing costs, rock-bottom vacancy rates and a roaring economy that waits for no one. All along the coast, elected officials are scrambling for solutions.

        "I've got economically zero unemployment in my city, and I've got thousands of homeless people that actually are working and just can't afford housing," said Seattle City Councilman Mike O'Brien. "There's nowhere for these folks to move to. Every time we open up a new place, it fills up."

        The rising numbers of homeless people have pushed abject poverty into the open like never before and have overwhelmed cities and nonprofits. The surge in people living on the streets has put public health at risk, led several cities to declare states of emergency and forced cities and counties to spend millions – in some cases billions – in a search for solutions.

        San Diego now scrubs its sidewalks with bleach to counter a deadly hepatitis A outbreak that has spread to other cities and forced California to declare a state of emergency last month. In Anaheim, home to Disneyland, 400 people sleep along a bike path in the shadow of Angel Stadium. Organizers in Portland lit incense at a recent outdoor food festival to cover up the stench of urine in a parking lot where vendors set up shop.

        Homelessness is not new on the West Coast. But interviews with local officials and those who serve the homeless in California, Oregon and Washington – coupled with an Associated Press review of preliminary homeless data – confirm it's getting worse. People who were once able to get by, even if they suffered a setback, are now pushed to the streets because housing has become so expensive.

        All it takes is a prolonged illness, a lost job, a broken limb, a family crisis. What was once a blip in fortunes now seems a life sentence.

        "Most homeless people I know aren't homeless because they're addicts," said Tammy Stephen, 54, who lives at a homeless encampment in Seattle. "Most people are homeless because they can't afford a place to live."

        Among the AP's findings:

        — Official counts taken earlier this year in California, Oregon and Washington show 168,000 homeless people in the three states, according to an AP tally of every jurisdiction in those states that reports homeless numbers to the U.S. Department of Housing and Urban Development. That is 19,000 more than were counted two years ago, although the numbers may not be directly comparable because of factors ranging from the weather to new counting methods.

        — During the same period, the number of unsheltered people in the three states – defined as someone sleeping outside, in a bus or train station, abandoned building or vehicle – has climbed 18 percent to 105,000.

        — Rising rents are the main culprit. The median one-bedroom apartment in the San Francisco Bay Area is significantly more expensive than it is in the New York City metro area, and apartments in San Francisco are listed at a higher price than those in Manhattan.

        — Since 2015, at least 10 cities or municipal regions in California, Oregon and Washington – and Honolulu, as well – have declared states of emergency due to the rise of homelessness, a designation usually reserved for natural disasters.

        "What do we want as a city to look like? That's what the citizens here need to decide," said Gordon Walker, head of the regional task force for the homeless in San Diego, where the unsheltered homeless population has spiked by 18 percent in the past year. "What are we going to allow? Are we willing to have people die on the streets?"

        ———

        With alarming frequency, the West Coast's newly homeless are people who were able to survive on the margins – until those margins moved.

        For years, Stanley Timmings, 62, and his 61-year-old girlfriend, Linda Catlin, were able to rent a room in a friend's house on their combined disability payments.

        Last spring, that friend died of colon cancer and the couple was thrust on Seattle's streets.

        Timmings used their last savings to buy a used RV for $300 and spent another $300 to register it. They bought a car from a junk yard for $275.

        Now, the couple parks the RV near a small regional airport and uses the car to get around.

        They have no running water and no propane for the cook stove. They go to the bathroom in a bucket and dump it behind a nearby business. They shower and do laundry at a nonprofit and buy water at a grocery depot. After four months, the stench of human waste inside the RV is overwhelming. Every inch of space is crammed with their belongings: jugs of laundry detergent, stacks of clothes, pots and pans, and tattered paperback novels. They are exhausted, scared and defeated, with no solution in sight.

        "Between the two of us a month, we get $1,440 in disability. We can't find a place for that," he said. "Our income is (about) $17,000 … a year. That puts us way out of the ballpark, not even close. It might have been enough but anymore, no. It's not."

        A new study funded by the real estate information firm Zillow and conducted by the University of Washington found a strong link between rising housing prices and rising homelessness numbers. A 5 percent rent increase in Los Angeles, for example, would mean about 2,000 more homeless people there, the authors said.

        Nationally, homelessness has been trending down, partly because governments and nonprofit groups have gotten better at moving people into housing. That's true in many West Coast cities, too, but the flow the other direction is even faster. And on the West Coast, shelter systems are smaller.

        "If you have a disability income, you make about $9,000 a year and renting a studio in Seattle is about $1,800 a month and so that's twice your income," said Margaret King, director of housing programs for DESC, a nonprofit that works with Seattle's homeless.

        "So everybody who was just hanging on because they had cheap rent, they're losing that … and they wind up outside. It's just exploded."

        Nowhere is that more evident than California's Silicon Valley, where high salaries and a tight housing market have pushed rent out of reach for thousands. In ever-shifting communities of the homeless, RVs and cars cluster by the dozens in the city where Google built its global headquarters and just blocks from Stanford University.

        Ellen Tara James-Penney, a lecturer at San Jose State University, has been sleeping out of a car for about a decade, ever since she lost her housing while an undergraduate at the school where she now teaches four English courses, a job that pays $28,000 a year. Home is an old Volvo.

        "I've basically been homeless since 2007, and I'm really tired," she said. "Really tired."

        She actually got her start in the high tech industry, before being laid off during the tech meltdown of the early 2000s. Like many who couldn't find work, she went to college, accumulating tens of thousands of dollars in student debt along the way.

        Now 54, she grades papers and prepares lesson plans in her car. Among her few belongings is a pair of her grandmother's fancy stiletto pumps, a reminder to herself that "it's not going to be like this forever."

        Increased housing costs aren't just sweeping up low-income workers: The numbers of homeless youth also is rising.

        A recent count in Los Angeles, for example, found that those ages 18 to 24 were the fastest-growing homeless group by age, up 64 percent, followed by those under 18. Los Angeles and other cities have made a concerted effort to improve their tallies of homeless youth, which likely accounts for some of the increase.

        One of the reasons is the combined cost of housing and tuition, said Will Lehman, policy supervisor at Los Angeles Homeless Services Authority. A recent study by the University of Wisconsin found that one in five Los Angeles Community College District students is homeless, he said.

        "They can pay for books, for classes but just can't afford an apartment. They're choosing to prioritize going to school," Lehman said. "They don't choose their situation."

        ———

        Michael Madigan opened a new wine bar in Portland a few years ago overlooking a ribbon of parks not far from the city's trendy Pearl District.

        Business was good until, almost overnight, dozens of homeless people showed up on the sidewalk. A large encampment on the other side of the city had been shut down, and its residents moved to the park at his doorstep.

        "We literally turned the corner one day … and there were 48 tents set up on this one block that hadn't been there the day before," he said.

        Madigan's business dropped 50 percent in four months and he closed his bar. There are fewer homeless people there now, but the campers have moved to a bike path that winds through residential neighborhoods in east Portland, prompting hundreds of complaints about trash, noise, drug use and illegal camping.

        Rachel Sterry, a naturopathic doctor, lives near that path and sometimes doesn't feel safe when she's commuting by bike with her 1-year-old son. Dogs have rolled in human feces in a local park; recent improvements she's made to her small home are overshadowed by the line of tents and tarps a few dozen yards from her front door, she said.

        "I have to stop and get off my bike to ask people to move their card game or their lounge chairs or their trash out of the way when I'm just trying to get from point A to point B," she said. "If I were to scream or get hurt, nobody would know."

        For Seattle resident Elisabeth James, the reality check came when a homeless man forced his way into a glass-enclosed ATM lobby with her after she swiped her card to open the door for after-hours access. After a few nerve-wracking minutes, the man left the lobby but stayed outside, banging on the glass. Police were too busy to respond so James called her husband, who scared the man away and walked her home. The man, she believes, just wanted to get out of the rain.

        A neighborhood pocket park has become a flashpoint, too: When James took her 2-year-old grandchild there, she saw people injecting heroin.

        "I'm not a NIMBY person, but I just think that we can do so much more," said James, who founded an activist group called Speak Out Seattle last year. "I wanted to do something that was effective, that brought frustrated people together to find solutions. We're spending a lot of money to house people and we're getting a bigger problem."

        The crisis is not limited to large metropolises. In Oregon City, a suburban, working-class town of 36,000 people, the police department this summer added a full-time position for a homeless outreach officer after roughly half the calls concerned trash, trespassing, human waste and illegal encampments.

        The city has no overnight shelters and never had a significant homeless population until about three years ago.

        On a recent fall day, officer Mike Day tromped into a greenbelt across from a strip mall to check on a man he recently connected with a counselor, calmed an intoxicated man and arranged emergency care for a man who was suicidal.

        "How many social workers have you met that go into the woods to follow up with the homeless population and to help with mental health? This is a bit of a hybrid position, certainly, and maybe it's not exactly the role of a police officer – but it's a creative approach to find a solution to the problem," he said.

        The question was, "What can we do differently? Because right now, it's not working."

        ———

        All along the West Coast, local governments are scrambling to answer that question – and taxpayers are footing the bill.

        Voters have approved more than $8 billion in spending since 2015 on affordable housing and other anti-homelessness programs, mostly as tax increases. Los Angeles voters, for example, approved $1.2 billion to build 10,000 units of affordable housing over a decade to address a ballooning homeless population that's reached 34,000 people within city limits.

        Seattle spent $61 million on homeless-related issues last year, and a recent budget proposal would increase that to $63 million. Four years ago, the city spent $39 million on homelessness. Sacramento has set a goal of moving 2,000 people off the streets in the next three years and may place a housing bond before voters in 2018.

        Appeals for money have angered residents who see tent encampments growing in their cities despite more spending.

        "Those are like whack-a-mole because they just sprout up and then they disappear and then they sprout up somewhere else," said Gretchen Taylor, who helped found the Neighborhood Safety Alliance of Seattle in 2016.

        Seattle is initiating competitive bidding among nonprofit organizations for city dollars going toward homelessness programs. It's also pouring money into "rapid rehousing," a strategy that houses people quickly and then provides rental assistance for up to 18 months.

        Like San Francisco, Seattle has started opening 24-hour, "low-barrier" shelters that offer beds even if people are abusing drugs, have a pet or want to sleep together as a couple. But the city's first 24-hour shelter has only 75 beds, and turnover is extremely low.

        A team of specially trained police officers and social workers has also been visiting homeless camps to try to place people in shelter. After repeated visits – and with 72 hours of notice – the city cleans out the camps and hauls away abandoned belongings.

        These efforts are starting to yield results, although the overall number of homeless people continues to swell.

        Nearly 740 families moved into some type of shelter between October 2016 and August 2017, and 39 percent of the people contacted by the new police teams wind up sheltered, according a recent city homeless report. That's an improvement from a 5 percent shelter rate 18 months ago, said Sgt. Eric Zerr, who leads that effort.

        But the approach has its detractors. The American Civil Liberties Union filed a lawsuit alleging the sweeps violate the constitutional protections against unreasonable search and seizure. And a debate is raging about whether the sweeps are necessary "tough love" or a cruel policy that criminalizes poverty in a city with a reputation for liberalism.

        "When a city can't offer housing, they should not be able to sweep that spot unless it's posing some sort of significant health and safety issue," said Sara Rankin, a professor with the Homeless Rights Advocacy Project at the Seattle University School of Law.

        "If someone doesn't have a place to go, you can't just continue to chase them from place to place."

        ———

        Above all, the West Coast lacks long-term, low-income housing for people like Ashley Dibble and her 3-year-old daughter.

        Dibble, 29, says she has been homeless off and on for about a year, after her ex-boyfriend squandered money on his car and didn't pay the rent for three months. Evicted, Dibble says she lived in the back of a moving truck and with several different friends around Seattle before winding up on the streets. She sent her toddler to live with the girl's paternal grandparents in Florida.

        She and her new boyfriend were sleeping under tarps near Safeco Field, home of the Seattle Mariners, when an outreach team referred them to a new shelter. Now, Dibble talks to her daughter daily by phone and is trying to find a way back into housing so she can bring her home.

        With an eviction on her record and little income, no one will rent to her.

        "I've had so many doors slammed in my face, it's ridiculous," Dibble said, wiping away tears.

        Seattle's DESC operates 1,200 so-called "permanent supportive housing units" -housing for the mentally ill or severely addicted who can't stay housed without constant help from case managers, counselors and rehabilitation programs. The nonprofit completes a new building every 18 months and they immediately fill; at any given time, there are only about eight to 10 units free in the whole city – but 1,600 people qualify.

        Among this population, "almost nobody's going to get housing because there isn't any," DESC's Margaret King said. "It doesn't really matter."

        There is so little housing, and so much despair. Nonprofit workers with decades of experience are shocked by the surge in homeless people and in the banality of the ways they wound up on the streets.

        "It's a sea of humanity crashing against services, and services at this point are overwhelmed, literally overwhelmed. It's catastrophic," said Jeremy Lemoine, an outreach case manager with REACH, a Seattle homeless-assistance program. "It's a refugee crisis right here in the States, right here under our noses."

        "I don't mean to sound hopeless. I generate hope for a living for people – that there is a future for them – but we need to address it now."

        ———

        Associated Press writers Janie Har in San Francisco, Julie Watson in San Diego and Chris Weber in Los Angeles contributed to this report. AP photographers Jae Hong in Los Angeles and Ted Warren in Seattle, and AP videographer Manuel Valdes in Seattle also contributed.

        ———

        Follow Gillian Flaccus at https://twitter.com/gflaccus and Mulvihill at https://twitter.com/geoffmulvihill

        Part of an ongoing examination of the homeless crisis along the West Coast.

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        Source – abcnews.go.com

        World

        The Latest: Saudi king swears in new officials after arrests

        The Latest: Saudi king swears in new officials after arrests

        The Associated Press
        FILE – In this July, 23, 2017 file photo, Saudi Crown Prince Mohammed bin Salman poses while meeting with Turkey's President Recep Tayyip Erdogan in Jiddah, Saudi Arabia. Saudi Arabia's King Salman on Saturday, Nov. 11 2017, removed a prominent prince who headed the National Guard, replaced the economy minister and announced the creation of a new anti-corruption committee. (Presidency Press Service/Pool Photo via AP, File)

          The Latest on Saudi Arabia, where several princes and former senior officials were arrested over the weekend (all times local):

          3:15 p.m.

          Saudi King Salman has sworn in new officials to take over from a powerful prince and former minister believed to be detained in a large-scale sweep.

          The official Saudi Press Agency released images Monday of the swearing-in of new National Guard chief Prince Khalid bin Ayyaf al-Muqrin and new Economy and Planning Minister Mohammad al-Tuwaijri.

          Prince Miteb bin Abdullah, who for years had led the National Guard, and Adel Fakeih, who had led the Economy Ministry, were both reportedly arrested as part of a purported anti-corruption probe led by Crown Prince Mohammed bin Salman.

          The arrests began late Saturday. Eleven princes and 38 officials and businessmen are reportedly being held at five-star hotels across the capital, Riyadh.

          ———

          2:15 p.m.

          The company chaired by a detained Saudi billionaire prince is seeking to reassure investors after its stock plunged following his arrest in a purported corruption sweep.

          Prince Alwaleed bin Talal's Kingdom Holding Co. said in a statement Monday that it has the government's "vote of confidence" as it pursues its investment strategy and global business operations.

          Prince Alwaleed is chairman of the company, which has investments in Twitter, Apple, Lyft, Citigroup and hotel chains like the Four Seasons, Movenpick and Fairmont.

          CEO Talal al-Maiman says the company, which manages more than $12.5 billion of investments around the world, is focused on its "unwavering responsibilities" to shareholders.

          The company, which lost 7.5 percent in trading Sunday, made no reference its chairman's arrest.

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          Source – abcnews.go.com

          Technology

          UN weather agency: 2017 set to be among top 3 hottest years

          WireAP_9fd2083294f34b35955ac4d67e588fba_12x5_992

          UN weather agency: 2017 set to be among top 3 hottest years

          The Associated Press
          The sun rises over Frankfurt, Germany, Monday, Nov. 6, 2017. The World Climate Conference with 25 000 people participating starts on Monday in Bonn, Germany. (AP Photo/Michael Probst)

            The U.N.'s weather and climate agency says 2017 is set to become the hottest year on record aside from those impacted by the El Nino phenomenon.

            The World Meteorological Organization says this year is already on track to be one of the three hottest years of all time, after 2015 and 2016, which were both affected by a powerful El Nino effect, which can contribute to higher temperatures.

            Last year set a record for the Earth's average global temperature.

            The warning was timed for Monday's start of the latest U.N. climate change conference, hosted this year by Bonn, Germany. Some 25,000 scientists, envoys, lobbyists and environmental activists have descended on the city for two week of trying to figure out how to turn the goals of the 2015 Paris climate change accord into reality.

            WMO says key indicators of climate change — such as rising carbon-dioxide concentrations in the atmosphere, rising sea levels and the acidification of oceans — "continue unabated" this year.

            It said the global mean temperature from January to September this year was about a half-degree Celsius warmer than the 1981-2010 average, which was estimated to be 14.31 degrees Celsius (57.76 degrees Fahrenheit).

            The five-year average temperature from 2013 to 2017 is more than 1 degree Celsius higher than that during the pre-industrial period.

            WMO says 2017 has been marked by higher-than-average rainfall in places like western China, southern South America and the contiguous United States. It has also been marked by lower-than-average coverage areas for Arctic sea ice.

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            Source – abcnews.go.com

            World

            The Latest: Belgian politician criticizes Spanish govt

            WireAP_ec7bbb4eb2d94fa7b4ee07187c7dc0fe_12x5_992

            The Latest: Belgian politician criticizes Spanish govt

            The Associated Press
            Spokesman of the Brussels Prosecutor's office Gilles Dejemeppe addresses the media in Brussels, Sunday, Nov. 5, 2017. Brussels prosecutors say that ousted Catalan president Carles Puigdemont and four ex-ministers have been taken into custody to start the process of their possible extradition to Spain. (AP Photo/Geert Vanden Wijngaert)

              The Latest on the political crisis in Catalonia (all times local):

              12:35 p.m.

              The leader of the biggest party in Belgium's government says that Spain's governing Popular Party is increasingly harking back to the days of dictator Francisco Franco half a century ago.

              N-VA leader Bart De Wever told VRT network Monday: "You know where the past of the Popular Party is, and ever more its present — and it is Franco, it is repression, it is jailing people because of their opinion, it is the use of violence against its citizens."

              De Wever himself is not a member of the center-right government but he speaks for his party, which is key in the four-party coalition of Prime Minister Charles Michel.

              Belgian judicial authorities will have to decide whether to extradite ousted Catalan leader Carles Puigdemont to Spain. De Wever remained noncommittal on what his party would do if the courts decide to send him back. De Wever has called Puigdemont "a friend."

              "Firstly, it is a judicial decision, and we have to wait for it. So, if there is a decision we will assess the situation," De Wever said.

              "This is not a judicial conflict it is a political conflict. You solve it with dialogue."

              ———

              11 a.m.

              Ousted Catalan president Carles Puigdemont has criticized Spain in his first online comment after being released from custody in Belgium, where he's fighting extradition to Spain for allegedly plotting a rebellion in Catalonia.

              Puigdemont posted Monday on his Twitter account: "Free and without bail." He says "our thoughts are with the comrades unjustly jailed by a state that strays far from democratic practices."

              A Brussels judge released Puigdemont and four close separatist allies Sunday on condition they stay in Belgium and attend court sessions.

              The five fled to Belgium after Spanish authorities sacked them on Oct. 28 for seeking secession for Catalonia. Nine other deposed Cabinet members in the same rebellion case were sent to jail in Madrid, eight of them without bail, while the judge's investigation continues.

              • Star


              Source – abcnews.go.com

              Business

              Voluntary living wage above £10 in London

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              Wage growth is failing to keep pace with the rate of inflation in the UK economy currently

              Around 150,000 workers are to get a pay rise – with those eligible in London now receiving above £10 per hour for the first time, according to the body behind the voluntary living wage.

              The Living Wage Foundation, which sets the so-called "real living wage", said it would go up by 45p per hour to £10.20 in London and by 30p to £8.75 in the rest of the country.

              It said the increases represented a 4.6% rise in the capital and 3.6% elsewhere – above the official rate of inflation currently at 3% – with higher inflation, rising housing rents and transport costs all reflected in the rises.

              The scheme aims to set a pay rate that meets the actual cost of living. Its runs above statutory Minimum Wage and National Living Wage rates – the latter currently standing at £7.50 per hour.

              Mark Carney is the governor of the Bank of England
              Carney sees little rate rise strain

              Any increase will be helpful – especially after the Bank of England raised borrowing costs through an interest rate rise to combat higher inflation last week.

              Living Wage Foundation director, Katherine Chapman, said: "The new rates will bring relief for thousands of UK workers being squeezed by stagnant wages and rising inflation.

              "It's thanks to the leadership of over 3,600 employers across the UK who are committed to paying all their staff, including cleaners and security staff, a real living wage.

              "Great businesses know that, even during these tough times, not only is fair pay the right thing to do but paying the real living wage brings big benefits.

              'Minimum wage is not enough'

              "Nine out of 10 accredited living wage employers report real benefits including improved retention, reputation, recruitment and staff motivation."

              The Foundation said Heathrow was among 150 organisations to have joined its ranks in recent times – the airport's parent firm agreeing to pay all its workers at least the voluntary rate by 2020.

              TUC general secretary, Frances O'Grady, welcomed the new rate but added: "More companies need to sign up. Profits in the UK are at record levels, yet many bosses are still refusing to invest in their staff."

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              Source – News.sky.com