‘ FIFA World Cup Bid Fresh Allegations of Qatar Corruption ‘

#AceFinanceNews – QATAR – June 08 – A British newspaper has published fresh corruption allegations against Qatar over its controversial FIFA World Cup bid.

​The Sunday Times newspaper has published new reports accusing disgraced former top football official, Mohammed Bin Hammam, of helping to arrange talks on a gas deal between Thailand and Qatar in exchange for supporting Doha’s World Cup bid.

Another report said Bin Hammam was invited to meet with Russia’s then Prime Minister Vladimir Putin to discuss bilateral relations in sport just over a month before Russia and Qatar won the 2018 and 2022 World Cup bids, respectively.

FIFA is completing a probe into the allegations.

Qatar is coming under mounting pressure over its controversial World Cup bid amid fresh corruption allegations.

Last week, The Sunday Times alleged in a report that Qatar had paid millions of dollars to soccer officials to buy their support for its bid. The newspaper said a total of $5 million was paid by Bin Hammam, the then FIFA executive member for Qatar

Citing millions of emails and other documents, the British daily said Bin Hammam paid up to $200,000 into accounts controlled by the presidents of African football associations. It said documents show Bin Hammam, who was also the former president of the Asian Football Confederation (AFC), paid out the cash to get backing for Qatar’s bid.

The Qatari official is also accused of paying $1.6 million to Jack Warner, the former vice-president of FIFA.

The latest allegations come months after another British newspaper, Daily Telegraph, said Bin Hammam had paid money to Warner through one of his companies.

Last month, FIFA President Sepp Blatter said the International Federation of Football Associations made a mistake by choosing Qatar to host the 2022 World Cup in the summer.

Press TV – Sunday Times – Daily Telegraph – FIFA


8 June, 2014 10:20

#AceFinanceNews – UNITED STATES – June 08 – In the week that the European Central Bank cut its deposit rate for banks from zero to -0.1%, economist Martin Armstrong warns that negative interest rates are coming to the United States, meaning that Americans will be forced to pay just to keep their money in the bank.

In a move described as unprecedented, the ECB became the first central bank in history to cut any main interest rate to negative yesterday, part of a package of measures designed to encourage banks to provide more loans to businesses and households. Many view the policy as a desperate sign of Europe’s faltering economic recovery.

Critics claim that the action will do little to spur growth while threatening to cause inflation and unemployment. While banks in the EU have not indicated whether or not the costs will be passed on to consumers, the New York Times’ Neil Irwin asserts that this is inevitable.

“Banks will most likely pass these negative interest rates on to consumers, or at least try to. They may try to do so not by explicitly charging a negative interest rate, but by paying no interest and charging a fee for account maintenance,” he writes.

What about Americans? Will they also soon be charged by the bank simply for depositing their own money? Yes, according to economist Martin Armstrong.

Armstrong, who is noted for calling the 1987 economic crash to the very day, warns that U.S. banks are preparing a raft of new account fees that will serve as a de facto negative interest rate.



‘ Trade Organisations Representing UK Agricultural Sectors Can Now Apply to Rural Payments Agency ‘

#AceFinanceNews – EUROPEAN UNION (RPA Funding) – June 08 – Trade organisations representing UK agricultural sectors have a fresh chance to apply to the Rural Payments Agency (RPA) for EU funding towards promotion and information programmes for agricultural products.

Producers of one or more of the products listed below can apply for up to half the cost of marketing their goods abroad in a scheme designed to raise awareness and increase sales of EU food products.

The maximum rises to 60 percent for the promotion of fruit and vegetables intended specifically for children in EU schools, and for information on responsible drinking patterns and harm linked to hazardous alcohol consumption.

The application process for the two schemes, one for internal markets (EU countries) and another external markets (rest of the world), is combined. Applicants may apply under either or both schemes but cannot submit a combined application covering both schemes.

Preparation of an application may start at any time of the year provided that the deadlines are respected. It is also essential to take into account any regulatory and other changes which may be introduced.

The next deadline is 30 September 2014.

Applicants are expected to fund at least a 20 percent of the total cost of the programme and can choose either to pay the remaining balance themselves or to finance it by industry levy.

Do you qualify?

Check out Products at this Link: RPA

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#afn2014, #trade, #united-kingdom