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Chelsea's plans for 60,000-capacity new stadium boosted by council decision

Hammersmith and Fulham Council agreed to use statutory powers to overcome an injunction Monday, January 15, 2018 Chelsea’s £1billion redevelopment of Stamford Bridge has received further backing after Hammersmith and Fulham Council agreed to use statutory powers to overcome an injunction which threatened to derail the project. The west London club were granted planning permission last year to demolish the existing 41,000-seat stadium, replacing it with a 60,000-capacity arena on the same site in plans endorsed by the Mayor of London. Chelsea have been reluctant to place a cost estimate…

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Softbank plans $18bn share sale of its mobile business

Japanese giant Softbank is planning to list its mobile phone business in Tokyo and overseas, according to the Nikkei newspaper. The listing on the Tokyo Stock Exchange and possibly in London aims to raise 2 trillion yen ($ 18bn; £13.1bn). Softbank confirmed in a statement that the share sale was an option, but said no decision has yet been made. If it goes ahead, the stock market listing would be one of Japan’s biggest initial public offerings. The Softbank Group reportedly intends to sell about 30% of the outstanding shares…

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Facebook plans major changes to news feed

Facebook is to change how its news feed works, making posts from businesses, brands and media less prominent. Instead, content that sparks conversations among family and friends who use the site will be emphasised, explained chief executive Mark Zuckerberg on his page. Organisations on Facebook may see the popularity of their posts decrease as a result, the firm acknowledged. The changes will take effect over the coming weeks. “We’ve gotten feedback from our community that public content – posts from businesses, brands and media – is crowding out the personal…

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CES 2018: Kodak soars on KodakCoin and Bitcoin mining plans

Shares in photo firm Eastman Kodak soared nearly 120% after it revealed plans to mint its own crypto-currency, the KodakCoin. The US firm said it was teaming up with London-based Wenn Media Group to carry out the initial coin offering (ICO). It is part of a blockchain-based initiative to help photographers control their image rights. Kodak also detailed plans to install rows of Bitcoin mining rigs at its headquarters in Rochester, New York. Details of this second scheme – which is being branded the Kodak KashMiner – were outlined at…

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Sports 

Football Association adopts 'Rooney Rule' as Martin Glenn outlines 2018 plans

The Football Association will interview at least one applicant from a Black, Asian and Minority Ethnic background for future roles in the England set-up. English football’s governing body will adopt its own version of the ‘Rooney Rule’ implemented in the NFL in 2003. Chief executive Martin Glenn said the move showed the “FA is for all”. “What it will say is the opportunity to have a career beyond playing is something that the FA is serious about promoting,” Glenn told BBC Sport. “The FA wants to become a more inclusive…

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May drops plans for fox-hunting vote

Prime Minister Theresa May has dropped plans to hold a vote on the fox-hunting ban during this parliament. The Conservatives promised a vote on repealing the Hunting Act – which bans the use of dogs to hunt foxes and wild mammals – during the 2017 general election campaign. But Mrs May told the BBC’s Andrew Marr Show there was a “clear message” against it from the public. It comes as the prime minister prepares to reshuffle her cabinet on Monday. In July, shortly after the government lost its majority in…

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Trump and Republicans push 2018 plans amid Wolff book row

Donald Trump and leading members of the Republican party are meeting to thrash out their priorities for 2018. The two-day retreat at Camp David is expected to focus heavily on a strategy before crucial congressional elections in November. It takes place as a row continues between Mr Trump and the author of a new tell-all book about his presidency. The book raises concerns over Mr Trump’s mental health. He called its author Michael Wolff a “total loser”. The Camp David summit begins two weeks before the end of Mr Trump’s…

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