EU unveils plan to stop startups from moving to US

 

The European Commission inaugurated a strategy on Wednesday to promote small businesses and assist them to grow in an attempt to keep these companies in Europe.

 

“Startups and scaleups are essential to Europe’s future, driving innovation and sustainable growth, creating high-quality jobs, attracting investment, and reducing strategic dependencies.

 

“Yet, despite the strong foundations, too many still struggle to take ideas from the lab to market or grow at scale within the EU,’’ the commission said at the inauguration.

 

While more startups were founded in the EU than in the U.S., almost 30 per cent of EU “unicorn’’ startups moved their headquarters out of the bloc over the past 15 years, ” the commission, Vice president Stéphane Séjourné, said.

 

According to previous information from the commission, most unicorn startups that grew to be worth more than one billion dollars moved to the U.S.

 

Sejourné said the aim was to seek ways to keep successful startups that were currently in their growth phase and in need of financing in the EU.

The commission envisaged 20 measures to stop companies moving abroad.

 

It focuses on strategic technologies, including artificial intelligence, quantum technologies, advanced semiconductors, biotechnology, clean technologies and energy, defence and space, and robotics.

 

Regulations on insolvency, labour, and tax law are to be simplified, and companies would be able to communicate digitally with government authorities throughout the EU.

 

Improved financing and investment options are to be made available, and access to skilled workers is to be improved.

Gateway Games: Ogun athletes end protest, reopen games village

 

Events scheduled for Wednesday at the 22nd National Sports Festival gradually commenced, nearly four hours behind schedule, following the reopening of the games village at Babcock University by protesting Ogun State athletes, PUNCH Online reports.

 

The athletes had earlier blocked the gates of the games village, leaving several participants stranded in protest over unpaid allowances. They began their demonstration as early as 5:30 am and reopened the gates at 12:43 pm.

 

PUNCH Online gathered that the athletes received payments of N40,000, as promised by Governor Dapo Abiodun, along with an additional N140,000 as their festival allowance.

 

However, the athletes insisted that the agreed allowance was N210,000, calculated at N15,000 per day over a 14-day period.

“We were paid N50,000 this morning, which was the governor’s promise, but to our surprise, they started paying N140,000 as the festival allowance instead of the agreed N210,000,” one of the athletes lamented.

 

Meanwhile, prior to the start of the sports festival, Governor Abiodun pledged cash rewards of N2.5 million for every gold medallist from the state, N1.5 million for silver, and N1 million for bronze medallists.

 

Ogun State currently holds third place on the medals table with 48 gold, 38 silver, and 47 bronze medals.

Gateway Games: Participants stranded as Ogun athletes protest unpaid allowances

 

Athletes representing hosts Ogun State at the 22nd National Sports Festival on Wednesday, left other athletes and officials stranded at the Games Village at Babcock University, as they protested the non-payment of their allowances with two days to the end of the Gateway Games 2024, PUNCH Online reports.

 

In videos and pictures circulated by officials at the games village, buses conveying athletes to different venues of events were stranded as athletes in Ogun tracksuits were seen blocking the gate.

 

It was said that the situation began as early as 5.30am.

 

Ogun athletes blocking buses at the Gateway Games 2024 event venue in protest over unpaid allowance. Photo: Abiodun Adewale

One of the athletes representing Ogun State also confirmed to PUNCH Online that they had held a meeting over the protest last night and proceeded with their plans this morning.

 

According to him, they were yet to be paid and do not know how much the state would pay them in terms of allowances.

Before the start of the sports festival, Ogun State Governor, Dapo Abiodun, pledged a cash reward of N2.5m for every gold medallist from the state, N1.5m for silver and N1m for bronze medallists.

 

The state is third on the medals table with 48 gold, 38 silver and 47 bronze medals.

 

PUNCH Online is still awaiting the reaction of the Ogun State Commissioner of Sports, Wasiu Isiaka, as of the time of filing this story.

Scandal-hit judge steps down from Maradona death trial 28th

 

A key judge in the trial of late Argentine football superstar Diego Maradona’s medical team stepped down on Tuesday, amid a scandal that has thrown the future of the high-profile case into doubt.

 

Julieta Makintach, dubbed the “judge of god,” recused herself after it emerged she had been shooting a racy miniseries about the months-old trial, potentially breaking a string of ethics rules.

 

Maradona died in November 2020, at age 60, while recovering from brain surgery.

 

His seven-person medical team is on trial over the conditions of his home convalescence, described by prosecutors as grossly negligent.

 

After a series of police raids and a one-week suspension of the case, 47-year-old Makintach was on Tuesday accused of violating her impartiality, of influence peddling and even bribery over her role in the documentary miniseries “Divine Justice.”

 

A trailer for the feature was played in court showing Makintach stalking the halls of justice in high heels as grim details of the footballing legend’s demise were relayed.

 

According to a script, the miniseries would follow Makintach as she “reconstructs the death of Maradona and certain painful milestones of his life related to abandonment.”

 

Footage appeared to contain unauthorised recordings allegedly made inside the courtroom, a violation of court rules.

 

Tuesday’s hearing was marked by insults, recriminations, shouting and tears.

 

In a bitter exchange, prosecutor Patricio Ferrari accused Makintach of behaving “like an actress and not a judge.”

 

As the trailer was played, defense lawyer Rodolfo Baque jumped out of his chair to shout “trash!” at the judge.

 

Daughter Gianinna Maradona tried to calm him, before she and Maradona’s former partner, Veronica Ojeda, both began sobbing uncontrollably.

Makintach sat with her head bowed, biting her lip and eventually said she had “no choice” but to recuse herself as one of the case’s three justices.

 

– ‘Dark, ugly and lonely’ –

Her removal is an embarrassment for Argentina’s judicial system and could yet derail a trial being watched by football diehards around the globe.

 

Maradona — considered one of the world’s greatest ever players — died of heart failure and acute pulmonary edema.

 

Those responsible for his medical care face prison terms between eight and 25 years if convicted of homicide with possible intent.

 

The charges relate to their decision to allow him to recover from major surgery at home, and the conditions of his care.

 

Gianinna Maradona has claimed her father was kept in “a dark, ugly and lonely” place and that his carers were more interested in money than his welfare.

 

The court will decide on Thursday whether the trial will go ahead or be scrapped and then restarted.

 

Some of the plaintiffs have called for a new trial, saying they felt proceedings have been tainted by scandal.

 

“Everyone now feels that this is compromised,” said Mario Baudry, the lawyer for Maradona’s ex-partner Ojeda.

 

“It’s healthiest to start over from scratch,” he added.

 

AFP

Eto’o, Adebayor, Okocha play peace match in Somalia

 

Three African football legends – Samuel Eto’o, Emmanuel Adebayor and Jay-Jay Okocha – took to the pitch in Somalia on Tuesday for an exhibition match aimed at restoring the country’s image.

 

The three superstars were part of a FIFA-backed “peace tour” that Somalia hopes will help it once again host international fixtures.

 

Somalia has been in a state of near-constant internal conflict since 1991, and its national team has had to play matches mostly in neighbouring Djibouti.

 

The national stadium in Mogadishu, the capital, was heavily damaged after being used as a base by Al-Qaeda-linked Al-Shabaab insurgents from 2008 and then by African Union peacekeepers who chased them out of the city.

 

It was renovated and reopened for sports in 2020.

 

The arrival of Cameroon icon Eto’o, former Togo striker Adebayor and ex-Nigeria playmaker Okocha for what was billed as the first high-profile match in three decades was labelled “a historic day” by the sports ministry.

 

The three stars led an international team to an 8-4 victory against a team of local players.

 

“We just pray for God to give you guys peace, so that you can build your country,” Adebayor told reporters after the match, adding that the occasion was “beautiful and incredible”.

Security Minister Mohamed Ali Haga described the match as a chance to “change the perception of the world towards Somalia… and show the world that Mogadishu is peaceful and can host other African matches”.

 

Security was tight around the stadium in southern Mogadishu.

 

Hundreds of fans showed up hours in advance of the match, many waving the Somali flag.

 

“This is a great day for me — to watch a player like Eto’o who has inspired me so much — I cannot miss such a great occasion. It is like I’m seated in the Barcelona stadium,” one fan, Mowlid Ali, told AFP.

 

“The game here today is not a simple football match. This match will definitely demonstrate how Somalia is reviving from the war that has ravaged the country for a long time,” added another, Abdirahman Dhere.

 

Somalia has reportedly asked FIFA and Confederation of African Football to re-evaluate its security situation to be able to hold future fixtures.

Delegates from the CAF and Council for East and Central Africa Football Associations were present for the match.

EPL: Arteta has transformed Arsenal, but don’t see him winning league – Mikel Obi

 

Former Super Eagles captain, Mikel Obi, has shared his thoughts on Arsenal’s Premier League title aspirations under manager Mikel Arteta.

 

Mikel stated that while the Spaniard has improved the team, he is unsure if he is the right man to lead them to ultimate success.

 

Speaking on the Gunners’ progress in his Obi One Podcast posted on YouTube on Monday, Mikel acknowledged Arteta’s impact since taking over the club but insisted that Arsenal must move beyond merely competing and focus on actually winning major trophies.

 

“Has he done well for Arsenal? Yes. Has he improved Arsenal? Yes. There’s no doubt about it. Mikel Arteta has improved Arsenal from where they were before he took over.

 

“He’s massively improved the squad, the team, the way they play, and the way the fans want to see an Arsenal team play. He’s massively improved the team,” Mikel said.

 

Despite these advancements, the former Chelsea midfielder cast doubt on Arsenal’s ability to win the Premier League or Champions League under Arteta’s leadership.

 

“Now, is he the guy to take Arsenal to the next level, which is winning the Premier League, the Champions League? I don’t see that. Because it’s not about competing,” he argued.

 

Mikel stressed that Arsenal’s mentality should be about securing trophies rather than just being in the title race.

 

“People talk about competing. Yes, Arsenal need to compete to win. No, Arsenal should be talking about winning the league, not competing to win.

 

“When was the last time Arsenal won it? The Invincibles in 2004? What is it now, 20 years? 21? 22? Arsenal fans keep talking about competing. No. They’ve got to win it. Win it.”

 

Arsenal, currently positioned second in the race for the Premier League title, will be looking to prove their credentials as they push for their first league triumph in two decades.

Chelsea Came from 2 Goals Down to Win at Tottenham

Chelsea Came from 2 Goals Down to Win at Tottenham

Chelsea fought back from two goals down to win 4-3 at London rivals Tottenham to close the gap on Premier League leaders Liverpool to four points.

Spurs, who have blown a two-goal lead for the second time this season after losing 3-2 at Brighton, were 2-0 up after just 11 minutes through Dominic Solanke and Dejan Kulusevski as Chelsea defender Marc Cucurella was forced into a change of boots after slipping for both goals.

Jadon Sancho then got the visitors back into the game in the 17th minute as he produced a wonderful curling low finish off the post from outside the box.

Chelsea midfielder Moises Caicedo then won a second-half penalty as he drew a rash challenge from Yves Bissouma that allowed Palmer to equalise from the spot in the 61st minute.

Chelsea always looked likeliest to win the game and Enzo Fernandez completed the turnaround in the 73rd minute with a powerful near-post volley.

Spurs’ defensive frailties were on display again as Sarr gave away another poor penalty that allowed Palmer to produce a cool Panenka in the 84th minute to extend their lead.

Heung-Min Son pulled a stoppage-time goal back but it was too little too late as Chelsea held on for a fourth straight league win to move second behind Liverpool, who have a game in hand after the Reds’ match against Everton was postponed on Saturday.

Spurs, meanwhile, are heading in the opposite direction with back-to-back league defeats leaving them 11th, seven points off the top four and boss Ange Postecoglou under even more pressure.

Arsenal held to a Draw at Stubborn Fulham

Arsenal held to a Draw at Stubborn Fulham

Arsenal had a late goal disallowed as they missed the chance to close the gap on Premier League leaders Liverpool to four points with a draw against Fulham at Craven Cottage.

Bukayo Saka thought he had given the Gunners all three points when he headed in Gabriel Martinelli’s cross two minutes from time, but the goal was disallowed after the Brazilian was found to be offside during the build-up.

Raul Jimenez, with his sixth goal of the season, put Fulham in front against the run of play when he latched on to Kenny Tete’s ball down the line to fire past David Raya from a tight angle.

Arsenal, looking to capitalise on the postponement of Liverpool’s Merseyside derby against Everton on Saturday, struggled to carve out opportunities from open play in the first half and managed just one shot on target from Saka.

But Mikel Arteta’s side were level within six minutes of the second half after a well-worked corner kick routine saw William Saliba convert Kai Havertz’s knockdown.

It was one-way traffic after that as Arsenal pushed to find a winner but they struggled to break down a resolute Fulham side.

The draw means Arsenal are six points behind leaders Liverpool, having played a game more

How Sports Can Help Boost Nigeria’s Greatness – Obasa

How Sports Can Help Boost Nigeria’s Greatness – Obasa

– commissioner says govt passionate about youth

The Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, has reiterated the importance and benefits of sports to Nigeria.

According to Dr. Obasa, sports is an area that should not be downplayed as it has the capacity to make the country greater, enrich the youth and improve businesses across the country.

The Speaker made the remark on Friday evening at the opening of the second edition of the Obasa Games 2024, a platform through which the organisers seek to further unite the youth in Lagos.

Commending Abdul-Ganiyu Vinod Obasa, chairman of Kings Sports International and organiser of the Obasa Games, the Speaker noted that emerging developments in sports prompted the Lagos Assembly’s amendment of the State’s Sports Commission Law to accommodate new areas that are beneficial to the youth.

“I am passionate about football and I have always been a sportsman myself. Sports is an advantage to us in this state and the nation and I am reiterating that it is the future of our youth. Go anywhere in the world; sports has become a huge business,” he said.

Obasa further stressed that sports can help combat crimes and increase youth engagement in activities that boost national growth and development.

“We have realised that government alone cannot provide employment. We have also realised that because of the peculiarities of our nation as well as our advantage in terms of population, we can generate businesses out of sports to move the youth away from crime,” he said adding that Obasa Games will remain sustained.

The Lagos Commissioner for Youth and Social Development, Omobolaji Ogunlende, also commended the organisers of the games pledging the support of the government for such initiatives aimed at growing the youth. He charged the participants to be at their best.

In his address, Abdul-Ganiyu said the success of the first edition of the games gave the impetus to continue and expand the scope.

“This year’s event, featuring football, boxing, table tennis,
chess, and Scrabble, brings together talented athletes
and teams from across the 10 Local Government Areas
and 18 Local Council Development Areas (LCDAs) within the Lagos West Senatorial District.

He said the games were organised to honour the
remarkable contributions and vision of the Speaker for Lagos State.

“His commitment to the development of our state,
his unwavering support for our youth, and his passion for
fostering sports as a vehicle for positive change have
been our inspiration,” he said.

Chairman of the Agege Local Government Area, High Chief Ganiyu Egunjobi, said his council and the Orile-Agege Local Government Development Area decided to partner with the organisers to be a part of the passion that Obasa exhibits for sports.

“Sport has proven to be a cost-effective and flexible tool for promoting peace and development objectives. Sport is also an important enabler of sustainable development,” he said urging residents to always imbibe the spirit of sportsmanship

Ooni of Ife endorsed the 7th edition of the Adron Games

Ooni of Ife endorsed the 7th edition of the Adron Games

On Sunday, October 20, 2024, top real estate firm, Adron Homes and Properties, led by its Chairman and CEO, Aare Adetola Emmanuelking, paid a courtesy visit to the Palace of His Imperial Majesty, Ooni Adeyeye Enitan Ogunwusi Ojaja II, CFR, in Ile-Ife. This visit was to seek the revered monarch’s endorsement for the upcoming ADRON GAMES 2024, scheduled to take place in November 2024 in Ibadan, Oyo State.

 

Following a week of celebratory activities for the Ooni’s milestone birthday, Aare Adetola, also known as Aare Akile Adimula Oodua, commended the Ooni for his unwavering support for real estate professionals in Nigeria. He emphasized Ooni’s significant contributions to sports development, highlighting its essential role in fostering community growth. During the visit, Aare Adetola presented a soccer ball to the Ooni, who showcased his skills with it. A framed official jersey was also gifted to symbolize the Ooni’s endorsement of the forthcoming Adron Games. This event aims to unite sports enthusiasts, real estate firms, and various stakeholders under one roof to participate in a range of indoor and outdoor competitions, with exciting prizes for winners in different categories.

 

The Ooni, through a signed letter, formally endorsed the Adron Games and expressed his intention to attend the event. He encouraged Adron Homes to continue its commitment to sports development, recognizing it as a vital unifying force for youth across the nation, transcending racial and regional divides. He also expressed gratitude to Aare Adetola and his team for their support during the Annual Olojo festival and for celebrating his birthday with generous gifts.

In his remarks, Aare Adetola highlighted that Adron Homes is honoured to collaborate with traditional rulers and contribute to the development of their communities. He extended best wishes to His Imperial Majesty for continued good health and prosperity, expressing hope for many more years of celebratory milestones. Aare was accompanied by several senior executives from Adron, including Adenike Ajobo (MD), Ihuoma (DGSM), Azuru, Emmanuel Oladapo (DAS), and several other key team members.

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