Galatasaray Burak Yilmaz – £35m

Galatasaray have slapped a £35m valuation on Burak Yilmaz in an attempt to scare off Arsenal and other interested clubs. Gunners boss Arsene Wenger is on the look out for more firepower in the summer as Robin van Persie’s goals have not been replaced and the Turkish star is believed to be on his wanted list. Manchester United have also been heavily linked but Galatasaray… Read more

Late payment of salary a crime – Reps

A new bill before the House of Representatives has proposed stiff penalties for employers of labour in both the public and private sectors who fail to pay or delay the payment of workers’ salaries. The bill passed second reading on Tuesday, getting the support of the majority of lawmakers at a session presided over by the Speaker, Mr. Aminu Tambuwal. It also proposes that underpayment… Read more

Yahoo to shut down products

The product shutdowns, which Yahoo announced on its official company blog on Friday, are part of what the company said are regular efforts to evaluate and review its product lineup. “The most critical question we ask is whether the experience is truly a daily habit that still resonates for all of you today,” wrote Jay Rossiter, Yahoo’s executive vice president of Platforms. The announcement represents… Read more

Liverpool report annual loss of £40.5m

Liverpool have reported a £21.8million increase in their debt – now £87.2million overall – and a loss of £40.5million in their annual accounts. A restructuring of their accounting period to align it with the football season means the figures apply to the 10 months between August 1, 2011 to May 31, 2012. They show that although commercial revenue increased, so did the club’s overall liabilities.… Read more

Scientists cure HIV

Researchers say they have, for the first time, cured a baby born with HIV — a development that could help improve treatment of babies infected at birth. There is an important technical nuance: researchers insist on calling it a “functional cure” rather than a complete cure. That is because the virus is not totally eradicated. Still, its presence is reduced to such a low level… Read more

Wenger Unhappy

Arsenal boss Arsene Wenger was far from happy with his side’s performance in either box, but rejected suggestions that Tottenham were now the number one side in north London. “That’s not the impression I got from the game today,” he said on Sky Sports News. “We were not efficient in those decisive zones, not at the back or up front. We were not cautious enough.… Read more

Power projects: NERC to give Nigerians first consideration

The Nigerian Electricity Regulatory Commission has said it is working on a national content regulation that will give priority to Nigerian operators and workers in the power sector. According to NERC, the regulation, billed to be released by the third quarter of 2013, will set out guidelines in which Nigerians will be given first consideration in the areas of project execution, employment, training and technology… Read more