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Man Utd stadium regeneration could add £7.3bn to British economy
Man Utd stadium regeneration could add £7.3bn to British economy
by  AFP

A proposed regeneration of the area around Manchester United's Old Trafford stadium could generate £7.3 billion ($9.7 billion) annually to the British economy, according to an economic feasibility study commissioned by the club. United are considering whether to pursue a £2 billion plan for a brand new 100,000-seater stadium or redevelop the existing 74,000 capacity Old Trafford.

Friedkin Group reach deal to buy Everton
Friedkin Group reach deal to buy Everton
by  AFP

Everton announced on Monday that the US-based Friedkin Group has reached an agreement to buy Farhad Moshiri's majority stake in the struggling Premier League club. "Blue Heaven Holdings and the Friedkin Group confirm that they have reached agreement over the terms of the sale of Blue Heaven Holdings' majority stake in Everton Football Club," the club said.

Telegram's Durov announces new crackdown on illegal content
Telegram's Durov announces new crackdown on illegal content
by  AFP

Telegram founder and chief executive Pavel Durov said Monday that the messaging platform had removed more "problematic content", weeks after his arrest in France on charges of failing to act against criminals using the app.

Swedish battery maker Northvolt to slash 1,600 jobs, quarter of staff
Swedish battery maker Northvolt to slash 1,600 jobs, quarter of staff
by  AFP

Sweden's beleaguered electric car battery maker Northvolt said Monday it would cut a quarter of its staff in the country, as it struggles with strained finances and a slowdown in demand. The loss of 1,600 jobs in Sweden comes as electric car sales slump in Europe and the continent lags far behind China in battery production.

UniCredit ups stake in Commerzbank to 21 percent
UniCredit ups stake in Commerzbank to 21 percent
by  AFP

Italian lender UniCredit said on Monday it has increased its stake in Commerzbank to around 21 percent, fuelling speculation that it could seek a takeover of its German rival. Before UniCredit took a stake in the German lender, Berlin had announced that it was looking to sell down its 16.5-percent stake in Commerzbank, citing the bank's improved economic situation.