Swissquote Ordered by Regulator to Reduce Suspicious Activity
In an annual assessment letter earlier this year, Finma told Switzerland's biggest consumer trading platform to do more to reduce the number of reports it has to submit to the country's money laundering reporting office, according to Swissquote CEO Marc Buerki.
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New York Times
11 minutes ago
- New York Times
Players' union boss says Sheffield Wednesday players could terminate contracts over missed payments
Professional Footballers' Association CEO Maheta Molango has confirmed that the players' union believes many of Sheffield Wednesday's senior players could terminate their contracts following the Championship club's 'serious and/or persistent' failure to pay wages on time. The four-time English champions were meant to pay June's wages on Monday but club owner Dejphon Chansiri decided to pay only the club's under-21 players, as they have the highest value in the transfer market, and a portion of the salaries owed to non-playing staff. Advertisement The Thai businessman has also paid manager Danny Rohl in full, which means Wednesday would get some financial compensation if a rival club came in for the German. Almost everyone else, though, appears to be free to leave. Under FIFA's global rules, players can terminate their contracts if they are paid late for two consecutive months, although they must give 15 days' notice in writing, during which time the clubs can rectify the situation by paying the players what they are owed. Molango, however, clarified that Wednesday's players are probably able to terminate their contracts now under the terms of the standard players' contract used in English football. 'The standard contract foresees certain situations where you would be able to terminate your contract. This is when there is a serious and/or persistent breach. This is what we will be looking at,' he said. 'Unfortunately, Sheffield Wednesday have a pattern of late payments – I think it's the third time in four months. 'We've been in touch with the players. Our role is not to tell them what they need to do, (it is) to give them the tools and say, 'this is what you could do if those criteria are met'. 'Then it is for them to assess what they want to do. I wouldn't take it for granted that just because certain criteria are met, automatically someone just terminates their contract. There are other considerations. 'It's not an easy situation, as you can imagine, because ultimately, you know, people need to be paid.' Ironically, Molango was speaking to reporters at the PFA's pre-season camp for out-of-contract players at a spa hotel near Leicester. 'For me, it's a bit shocking because normally this is stuff you see in other countries I have played in, but not in England,' added the Swiss-born Italian, who enjoyed stints with clubs in England, Germany and Spain. Advertisement 'So, we really want to be strong on that. This is something that we will not tolerate and we will be very much on top of it. It's not a good situation but we hope that somehow there could be a positive resolution to it.' The EFL has already given Wednesday a three-window transfer ban for late payments to players, staff and HMRC, and has charged Chansiri for the late salary payments in March and May. The club has appealed against these sanctions. In the meantime, the South Yorkshire side are up for sale but currently have nowhere to train, as a new pitch at their training ground is not ready to use, and no pre-season fixtures have been arranged. (Steven Paston/PA Images via Getty Images)
Axios
27 minutes ago
- Axios
G/O Media sells Kotaku to Gizmodo owner Keleops
G/O Media has sold gaming news site Kotaku to Keleops, the European media company that acquired its tech news site, Gizmodo, about a year ago. Why it matters: The sale leaves G/O Media with only one remaining property, Black culture site The Root, marking the near-complete unraveling of its once broad portfolio. Zoom in: Kotaku's editorial staff will remain and Keleops plans to hire more senior talent, echoing its approach with Gizmodo, CEO Jean-Guillaume Kleis told Axios. Kleis declined to share the purchase price of the all-cash deal. He said in the short term he had no immediate strategy shifts as he hadn't yet met with Kotaku's editor-in-chief. "I like to trust people, and I know that people in this industry have really good ambitions," Kleis said. "The market is really challenging, but I know they want to do their best." G/O Media CEO Jim Spanfeller told Axios in an email, "We are very happy that we were able to find a great home for Kotaku and its entire staff. We wish the team and Keleops only the best." Zoom out: The move is part of the Switzerland-based company's broader plan to build a tech-focused media portfolio and grow more in the U.S. Keleops launched in 2014 and acquired four French media brands — 01net, Journal du Geek, Presse Citron and IPhon. It's privately held and profitable. Kleis said he could have acquired Kotaku alongside Gizmodo but waited to gain confidence in the business model and U.S. market. Keleops' U.S. monthly audience is up 100% compared to last June and Gizmodo's total audience has grown 400%, Kleis said. It generates more than half its revenue from affiliate deals with partners like Amazon, Apple and Samsung. The rest comes from display ads and branded content. "We expect [Gizmodo] to grow even bigger this year and then next year as well," Kleis said. "That's why we wanted to double down on the U.S. and make another significant acquisition." Between the lines: With the Gizmodo acquisition, Keleops opened a U.S. office in New York and began navigating the new market, Kleis said. One new area was negotiating with Writers Guild of America East for Gizmodo's new contract, which included AI protections. "AI will never replace journalists, especially high-quality journalists," Kleis said. "That's why we're really focusing on experienced people bringing a lot of value to our readers, creating an engaged community." Kleis said new priorities for Gizmodo include live coverage of events and vertical videos on social media. It plans to launch a site redesign in the coming months. The big picture: G/O Media has sold off nearly all of its properties in a series of sales that kicked off in 2023 with Ziff Davis buying Lifehacker and Paste Media acquiring Jezebel and Splinter.
Yahoo
33 minutes ago
- Yahoo
Juventus seal move for Jonathan David
After an extremely long period of contacts and negotiations, Juventus have completed their pursuit of former Lille forward and Canadian international Jonathan David, sealing their first signing of the 2025/26 season. Giovanni Albanese of La Gazzetta dello Sport reports that the Bianconeri have acquired the 25-year-old on a multi-year contract worth €6m per-season, with additional bonuses of €2m. Advertisement David has been the main topic of the transfer market thus far as the well-documented forward was available on a free transfer at the end of the season after deciding not to renew his contract with Lille, ending his five-year stay at the French giants. The clinical finisher had a stellar campaign, ending the season with a total of 25 goals and 12 assists in 49 games-played across all competitions, proving to be a pivotal asset up-top. Hence, the Canadian forward has attracted numerous suitors such as Inter, Napoli, Milan, PSG, Arsenal, Liverpool, Man United, Chelsea, Tottenham, and Bayern Munich. Despite the immense competition for David's signature, the Bianconeri managed to overcome the European giants in acquiring the 25-year-old forward's services, and are now prepared to let attacking pair Dusan Vlahovic and Arkadiusz Milik depart the club to make room in the attacking department. Julian Faustini Ι GIFN
