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DAILY NEWS IN ENGLISH

EU fines major banks 1 billion euros over currency cartels The European Commission on Thursday fined five major banks €1.07 billion ($1.2 billion) for collusion in the foreign currency market. The fines would normally have been 10% higher, but was reduced after the banks admitted their involvement. What was revealed EU anit-trust authorities uncovered two separate cartels: Barclays, Royal Bank of Scotland, Citigroup and JPMorgan were find €811 million for trading within the "Forex — Three Way Banana Split" cartel.Barclays, RBS and MUFG Bank were fined €257 million over the "Forex-Essex Express" cartel.The cartels involved 11 currencies, including the US dollar, the British pound sterling, the euro and the Japanese yen.Activities started in 2007 and 2009 respectively and ended in 2012 and 2013 resepectively.Swiss bank UBS does not have to pay a fine as it informed the authorities of the cartels.

Several killed after roof collapse in Shanghai MercedesBenz dealership A building collapse in Shanghai claimed several lives after around 20 people were trapped under the rubble. Over 150 rescue workers raced to pull the survivors to safety from the former Mercedes dealership. At least five people lost their lives in downtown Shanghai after the roof of a large building caved in on Thursday.

Another 14 were rescued in a massive rescue effort which involved over 150 emergency responders and 24 vehicles. The low-rise building in the residential Changning district had been used as a Mercedes-Benz dealership. The building was undergoing renovation when it collapsed at around 11:30 a.m. local time. Chinese officials did not say what the cause of the collapse was. A local resident said she was asleep when her bed suddenly started to shake. She then heard a loud bang. "I thought it was an explosion at first," the woman told the AFP news agency.

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Boris Johnson confirms bid for leadership of Conservative Party Heʼs the third to confirm a bid to succeed Theresa May

At a business conference in Manchester, former British Foreign Secretary Boris Johnson said that he would be standing for the leadership of the Conservative Party.

Britainʼs former foreign minister, Boris Johnson, an influential campaigner to leave the European Union, said on Thursday that he planned to stand as a candidate to replace Prime Minister Theresa May as Conservative leader. May has said she will step down before the next phase of Brexit negotiations although she has not yet put a date on her departure. News Boris Johnson confirms bid for leadership of Conservative Party At a business conference in Manchester, former British Foreign Secretary Boris Johnson said that he would be standing for the leadership of the Conservative Party. Heʼs the third to confirm a bid to succeed Theresa May. Britainʼs former foreign minister, Boris Johnson, an influential campaigner to leave the European Union, said on Thursday that he planned to stand as a candidate to replace Prime Minister Theresa May as Conservative leader. May has said she will step down before the next phase of Brexit negotiations although she has not yet put a date on her departure. Boris Johnson seeks to replace Theresa May as Prime

Minister "Of course Iʼm going to go for it," Johnson said in response to questions from BBC journalist Huw Edwards at a meeting of The British Insurance Brokersʼ Association.

Johnson resigned from the cabinetin July in protest at how May has handled the Brexit negotiations. As one of the more visible faces of the 2016 Brexit campaign, Johnson put forth his proposal to the membership in a speech at the partyʼs annual conference in October where some members queued for hours to get a seat.

The deal Prime Minister May struck with the EU has been rejected three times by the House of Commons, leading to the EU twice granting the UK an extension. The delay has also postponed Mayʼs departure. She announced this week that she would bring it back for a fourth and likely final time in the week beginning on June 3, hoping MPs feel extra pressure to break the deadlock after the two main parties take a drubbing in European Parliament elections. May promised at the third attempt in March to step aside once a Brexit agreement passed through parliament.

Belgian former king ordered to take DNA test over alleged love child A Belgian court on Thursday ordered the countryʼs former king to pay €5,000 ($5,600) a day until he takes a DNA test to resolve whether he is the biological father of a woman who claims to be his daughter. The appeals court in Brussels ruled that King Albert II, 84, conduct the test in the presence of a justice official. The judges said Albert must start paying Delphine Boel the €5,000-per-day fine if he fails to attend the appointment. The former king said he would appeal the verdict at Belgiumʼs highest court. Boel began legal proceedings to be recognized as Albertʼs child in 2013. Her claim first gained publicity afterAlbertʼs wife, Queen Paola,claimed in a 1999 biography that he had a child with another woman while they were married.

DNA tests have already shown that Boel is not the biological daughter of Jacques Boel, a member of one of Belgiumʼs richest families.

Bob Hawke: Longserving Australian prime minister dies at 89 Former Australian Prime Minister Bob Hawke died on Thursday at the age of 89. TheLabor partylawmaker gained a reputation as a transformative and charismatic lawmaker during his time in office. "The Australian people loved Bob Hawke because they knew Bob loved them, this was true to the very end," Labor leader Bill Shorten said in a statement. His second wife said the late politician "died peacefully at home."

She described Hawke as a "great Australian — many would say the greatest Australian of the postwar era."

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European Court of Justice rules Polish arrest warrants can be halted The European Court of Justice (ECJ) ruled against extraditing suspects to Poland on Wednesday if there are "serious and fact-based grounds" to believe the suspect would not receive a fair trial. The ruling concernsa Polish man in Irelandwho claims recent justice reforms in Poland harmed his chances of being treated fairly.

The man is suspected of drug trade. In recent years, Polandʼs ruling Law and Justice (PiS) party has been working to place courts under a tighter control of the executive branch. Among other steps, the parliament now has power to choose members of the National Council of the Judiciary whose job is to oversee judicial impartiality.

More recently, the lawmakers changed retirement age for the Supreme Court judges, which critics believe was aimed at ousting the most experienced judges and stacking the body with government supporters. The Supreme Court and its chief Malgorzata Gersdorf are opposing the move.

Austria bans Muslim headscarf in primary schools The Jewish yarmulke and Sikh patka are not included in the new measure

Geely the car industryʼs rising ʼprofitability starʼ

Austria has passed a law intended to ban Muslim girls from wearing a headscarf in primary schools.

Ferdinand Dudenhöffer from the CAR Center Automotive Research at Germanyʼs Duisburg-Essen University called Chinese auto manufacturer Geely "the profitability star of the worldʼs car industry." A fresh study by the center points out that on average, a Geely car costs just €9,529 ($10,942), but the companysecures a 14.4 percent profit from revenues before tax and interest.

Dudenhöffer says thatʼs a lot more than, say, the profit margins of foreign rivals BMW, Toyota or PSAOpel. The worldʼs largest carmaker, Wolfsburg-based Volkswagen, logs a profit margin of only 8.2 percent, the survey says. Geely is part of the Zhejiang Geely Holding,which also owns Volvo Cars, London EVTaxi and Lotus.The holding has also acquired a 10 percent stake in Daimler. According to the CAR researchers, Geelyʼs rapid rise is based on its successful compact car platform, which it developed together with Sweden-based Volvo.

"What Ferdinand Piëch managed to implement at VW from 1993 with the help of his platform strategyis in a way being copied now by Geelyʼs main shareholder and founder, Li Shufu," said Ferdinand Dudenhöffer, adding that the Chinese were becoming major players in the global auto market.

Austriaʼs parliament has passed a law intended to ban Muslim girls from wearing the headscarf in primary schools, a measure that is likely to be challenged as discriminatory in the constitutional court.

The bill passed with the support of the governing center-right Peopleʼs Party (ÖVP) and the far-right Freedom Party (FPÖ). Almost all of the opposition voted against it. To avoid the impression that it targets Muslims, the text refers to any "ideolog-

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Confusion over missing Saudi journalist in Turkey who ʼvanishedʼ from consulate Turkish and Saudi officials have given conflicting reports on the whereabouts of Saudi journalist Jamal Khashoggi, who has been missing since he entered the Saudi consulate in Istanbul on Tuesday. Khashoggi, a regular contributor to The Washington Post, has been a fierce critic of Saudi Crown Prince Mohammed bin Salman and has criticized Saudi Arabiaʼs policies toward Qatar and Canada,the war in Yemen and a

Rappler CEO Maria Ressa says arrests intended to shut up news site Maria Ressa, founder of the Philippinesʼ online news site Rappler, said the multiple legal proceedings and arrests were all part of the official attempt to shut Rappler up. The former CNN correspondent is facing charges ranging from tax evasion to libel. "I spent most of yesterday running in and out of four different courts," Ressa told DW on Tuesday. "I mean itʼs gone from the ridiculous to the absurd." The latest chargesagainst Ressa and six other directors are for alleged violation of the Securities Regulation Code of the Philippines.

Rappler has been charged with violating constitutional limitations on ownership and control of mass media entities by accepting funds from foreign investor Omidyar Network. Only Filipino citizens can own media entities in the South East Asian nation. "Arrested on Friday. A new arrest warrant on Monday. 8th time to post bail.

And the weekʼs just starting!" Ressa said.

ically or religiously influenced clothing which is associated with the covering of the head." The government said late Wednesday that the patka head covering worn by Sikh boys or the Jewish yarmulke would not be affected because the law refers to head garments that "cover all of the hair or large parts of it." Exceptions are made for head coverings for medical reasons or protection against rain or snow. crackdown on dissent, the media and activists. Khashoggiʼs personal website bore a banner saying, "Jamal has been arrested at the Saudi Consulate in Istanbul!" without elaborating. A Saudi official denied that Khashoggi had been detained inside the consulate. "Mr. Khashoggi visited the consulate to request paperwork related to his marital status and exited shortly thereafter," the official said.

"He is neither in the consulate nor in Saudi custody."

Afghan leader rejects resignation of spy chief, top ministers President Ashraf Ghani on Sunday

urged Interior Minister Wais Ahmad Barmak, Defense Minister Tareq Shah Bahrami, and intelligence chief Masoum Stanekzai to stay in their posts, the Afghan government said.

The three officials submitted resignation letters on Saturday, citing policy differences and a spate of deadly attacks. "President Ghani did not approve their resignations... and gave them the necessary instructions to improve the security situation," a statement from the presidential palace said. The offers to step down followed the resignation of Ghaniʼs national security adviser and close ally, Hanif Atmar, on Friday. Atmar, one of the countryʼs most powerful politicians, has been replaced by former ambassador to the US Hamdullah Mohib.

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Angela Merkel: We need to fight for Europe Populism, Russian election-meddling, Chinese economic power: the list of challenges facing the EU is long, says the German chancellor. In a wide-ranging interview, she set out what Europe needs to do to survive.

The European Union urgently and "without a doubt, needs to reposition itself in a changing world," German Chancellor Angela Merkel said in an interview with daily Süddeutsche Zeitung. "Our achievement of longterm peace is in danger ... if we donʼt manage to define andjustify Europe for the future," Merkel said. "China, Russia and the US are forcing us, time and again, to find common positions."

Her impassioned plea for Europe

Muslim fashion for women exhibition stirs controversy in Germany Muslim head coverings have always been a controversial topic, as they embody so many issues, whether womenʼs rights worldwide or Western prejudice and discrimination against Muslims.

Now that the first exhibition dedicated to fashion consciousness of women in Islam is opening at Frankfurtʼs Museum Angwandte Kunst, the debate surrounding headscarves has been rekindled in Germany.

Titled "Contemporary Muslim Fashions" and first shown at the M.H. de Young Memorial Museum in San Francisco, the exhibition, however, does not aim to answer the numerous political and social questions related to hijabs or burkinis.

"The focus of the exhibition is really fashionable modest dress and what weʼre trying to show in the exhibition is that there is a lot of choice for the mass of Muslim women," said Jill DʼAlessandro, curator of the "Contemporary Muslim Fashions" exhibition in San Francisco.

comes ahead of theEU parliamentary elections, which take place across the bloc from May 23 to 26. Asked about therise of populism in Europe, she said that "it is indeed a time where we have to fight for our principles and fundamental values." She said it was up to "each and everyone of us to treat with care this unique structure that we call the EU." Compromising and being able "to walk in someone elseʼs shoes" were key, she said.

Lucky the lynx killed in car accident

Lucky, a 4-year-old malelynx, was killed on Monday, May 13, when he and the deer he was chasing jumped out onto a state road and were hit by a car. Both animals were killed in the accident. The driver of the car was uninjured. Lucky, who was orphaned as a pup, was one of the first lynx to be resettled in the wilderness ofRhineland-Palatinatein western

Germany. He was a year old when he was released into the Palatinate Forest in the summer of 2016. Release was part of an EU environmental project To date, some 16lynxhave been released in the area, with four more to come. The release was sponsored by the EU Life project, which fundsenvironmental and climate change activities.

France and Italy to celebrate Leonardo da Vinciʼs anniversary together French President Emmanuel Macron has announced a joint French-Italian celebration marking 500 years since the death ofRenaissance artist Leonardo da Vinci. Macron told Italian broadcaster RAI he will host Italian President Sergio Mattarella in the French town of Amboise, where da Vinci died, "in the spirit of reconciliation." Both countries have traditionally claimed the artist, who was born in 1452 in the Tuscan town of Vinci in modern Italy and spent most of his life there.

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112/2019 • 17 May, 2019

Why is Italy still the sick man of Europe?

Over the last decade, Italy has often been pinpointed as the "sick man in Europe," a vulnerable economy that is a risk to the European Unionʼs financial stability. Still today, a series of disappointing numbers are alerting analysts to the fact that Italyʼs vulnerability might be increasing.The countryʼs government recently cut its growth forecast for the year from 1% to 0.2%. Eurostat recently confirmed that Italyʼs public debt has reversed its declining trend and has grown almost 1% in 2018, reaching 132.2% of gross domestic product (GDP).

In total numbers, Italyʼs public debt is the EUʼs highest, and with the meager growth forecasted for this year, it is expected to rise. Italy is also currently theonly EU member state in a recession.

But what brought the country to this point? According to Carlo Alberto Carnevale-Maffe, Professor at Bocconi University School of Management in Milan, the situation is actually worse than the government estimates.

He and other analysts expect zero or even negative growth, as internal demand remains low and both public and private investment have dropped.

"Our export is robust, but itʼs the only positive component of our GDP," he tells DW. "And it isnʼt able to bear the weight of the national economy on its own."

Sierra Leoneʼs one month fishing ban achieves little

Up and down Sierra Leoneʼs 400kilometer (249 mile) stretch of coastline, entire villages depend on the sea. Some 8,000 small boats manned by local fishermen go out every day to cast their nets – their catch a vital source of income in what is one of the worldʼs poorest countries. Without the fishermen, Sierra Leoneans would also go hungry – more than four fifths of the population depend on fish as a source of animal protein. But the countryʼs traditional fishing communities have long complained that their catch is drastically shrinking due to overfishing by foreign trawlers.

Giving fish stocks a chance to bounce back In an attempt to counter this, Sierra Leoneʼs government temporarily banned fishing by industrial boats for a month from 1 April.

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Looking beyond streaming services: What comes next?

Streaming services are still viewed as the future of the music industry.

But experience tells us that new things can take over more quickly than expected. What could come after streaming, DWʼs Dina Slanjankic wonders.

A new album from your favorite singer has just been released, so you go the nearest music store and buy it.

Well, thatʼs how it used to be. Today, youʼd more likely stay right at home and stream the whole album to your smartphone within seconds. You can access your music everywhere — at home or on the road, and it doesnʼt really cost you much.Welcome to the modern world! A couple of years ago, the music industry seemed completely lost, with fewer and fewer people

Are German businesses ready to swallow a CO2 tax?

Slowly but surely the German government is bowing to global pressure to introduce a system to price carbon emissions. It was only around two weeks ago that Chancellor Angela Merkel said the government would make some decisions regarding its CO2 policy by the end of the year. Then suddenly on Sunday, it was reported that the economy minister had finally gotten onboard with ideas first proposed by Environment Minister Svenja Schulze. Why the rush? In many parts of the world 2018 was one of the warmest years on record. Germany was no exception to this and its dependence on heavy industry has led to discussions on eating less meat and even the threat of introducing a speed limit on the famous autobahn. Yet despite growing consensus about global warming, paying for carbon dioxide emissions has been opposed by businesses around the world.

German businesses in particular fear extra costs for producing CO2 will hurt their global competitiveness, especially if only certain countries sign up.

Hotel Moments Budapest H-1061 Budapest, Andrássy út 8.

T.: +36 1 611 7000 reservation@hotelmoments.hu www.hotelmomentsbudapest.hu

Indian leaders vow to fight poverty to win over poor voters India is in the middle of a rancorous general election season in which economic development has once again turned out to be a major issue.

In the runup to the polls, political parties across the country have promised schemes to uplift the lot of the nationʼs poor. While the ruling Bharatiya Janata Party (BJP) has tried to present a rosy economic picture, touting its efforts over the past five years to improve the well-being of the underprivileged sections of society, the main opposition Congress party has attempted to portray the BJP as a party for the rich. The BJPʼs manifesto has outlined plans for pulling people out of poverty by promising proper housing by 2022 for those living in mud huts or lacking shelter, and piped water connections to every village household by 2024. The ruling party has also pledged to upgrade rural roads and improve connectivity between Indiaʼs villages and cities.

Published by: Mega Media Kft. 1075 Budapest, Madách I. út 13-14. +36 1 398 0344 www.hotelujsag.hu

buying CDs or LPs. Revenues were in free fall, former major labels were in the red and some musicians had to look out for a second job. The industry was almost dead until the end of the last decade when a new form of music use was born — streaming, which was faster, more innovative and easier to handle. Spotify, Deezer and YouTube brought about a resurrection of the music business and are now the top market players in terms of user bases and revenues.

US blacklists Huawei as Trump declares national emergency

President Donald Trump has declared a national emergency over a perceived espionage threat. US firms could be barred from using foreign telecoms that could pose a threat, a move apparently aimed at Chinaʼs Huawei.

Donald Trump has signed an executive order to stop US companies from using telecommunications equipment made by "foreign adversaries" deemed to pose a national security risk. The order appears to address White House concerns that equipment from Chinese suppliers such as Huawei could pose a threat to US internet and telecommunications infrastructure. The move gives the US Department of Commerce 150 days to draw up new regulations. In a separate action — soon after Trump signed the order — the commerce department added Huawei and its affiliates to its "entity list" of companies considered to pose a risk to either national security or foreign policy interests.

"The president has made it clear that this administration will do what it takes to keep America safe and prosperous, and to protect America from foreign adversaries who are actively and increasingly creating and exploiting vulnerabilities," a statement from the department said on Wednesday.

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Fertility: Sperm also has an expiration date Itʼs not just the motherʼs age that matters

Emirati woman at home with her family after 27 years in a vegetative state Munira Abdulla was 32 when she was involved in a serious car accident thatleft her in a vegetative state. After 27 years in the hospital, the woman, now 60, is at home with her family in the United Arab Emirates (UAE). Her son Omar, whom she had just picked up from school when the accident happened in 1991, said although his mother had awoken from her vegetative state in May of last year, her family had decided to wait until her condition had stabilized before making the announcement on Wednesday.

Omar, who was four at the time and was also injured in the accident, told reporters, "We felt we needed to share the story to give people going through the same or similar experiences hope."

According to new research, menʼs biological clocks are ticking, too.

Older fathers may put their infants — and partners — at risk for pregnancy complications.

Itʼs 8 a.m. on your 35th birthday and your mother has already called you three times. You want to sleep longer, but she persists. You call her back; she answers after the first ring. "Sweetie," she says, out of breath. "I was just in the kitchen making breakfast and — you wonʼt believe this — I cracked open an egg with two yolks inside. Do you know what that means?" Of course you know what it means. According to modern fertility folklore, pregnancy might be on the way. But why

8-year period, where one partner was HIV-positive and undergoing ART and the other didnʼt have the virus.

The couples reported having anal sex without condoms at total of 76,088 times. Doctors found that over the course of the study there was not a single case of in-couple transmission.

Researchers estimated that the ART had prevented 472 HIV transmissions.

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Culture

Right here, right now!

Fatboy Slim comes to Budapest Akvárium Club BRIGHTON BEATMASTER FATBOY SLIM IS COMING TO BUDAPEST FOR HIS LOCAL CLUB DEBUT AT THE FOCAL AKVÁRIUM ON 25 MAY.

doesnʼt your mother ever call your 40-year-old brother with these brilliant fertility revelations? Older male fertility: should we be worried? Most couples trying to conceive (and enthusiastic mothers-inlaw) know that decades of research point to a womanʼs age of 35 as the point in which women may begin to experience age-related pregnancy complications. The scientific interest in women is intuitive — they play the most obvious role in the pregnancy.

HIV drugs stop sexual transmission of AIDS virus, say doctors HIV-suppressing medication could stop sexual transmission of the AIDS virus among gay couples — even if they had sex without condoms. Authors of the study, published in medical journal The Lancet on Friday, presented it as evidence that the spread of HIV could be countered with antiretroviral treatment (ART). Researchers monitored almost 1,000 gay male couple across Europe over an

Leonardo da Vinciʼs rebirth of anatomy

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Leonardo da Vinciʼs anatomy studies could have revolutionized medicine, but they were lost for a long time. The drawings show insights into the human body that were previously completely unknown. Da Vinci first came to anatomy through art. He studied the structure, function and proportions of the body, which he wanted to understand and depict as realistically as possible. The Renaissance no longer sees the body as a shell of the soul, as it was viewed in the Middle Ages, but celebrates the beauty of the human body.

Brighton beatmaster Fatboy Slim is coming to Budapest for his local club debut at the focal Akvárium on 25 May. The veteran of many a festival – Glasto, Exit, Coachella – has played Hungary before but never in the intimate surroundings of a sweaty club.

The booking represents a major coup for the Akvárium, whose line-up for 2019 also includes John Digweed and Kruder & Dorfmeister. Tickets have not yet gone on sale for Fatboy Slim in the Main Hall of the Akvárium – but keep an eye on theclub’s websiteas they’re bound to sell out in no time. Slim, who successfully shifted from indie to electronica in the 1990s, reignited his career with the hit Eat, Sleep, Rave, Repeat, in 2013. The DJ star is currently playing a series of huge arenas in the UK, from London to Glasgow. Akvárium Klub District V. Erzsébet tér 12

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112/2019 • 17 May, 2019

Diamond League Doha: Dina Asher-Smith wants to avoid World Championships hiccup

European sprint-double champion Dina Asher-Smith will use Fridayʼs opening Diamond League event in Doha to avoid any "curveballs" when she returns for Septemberʼs World Championships. The Briton, 23, is looking to build on her 2018 success, when she won 100m gold in Berlin, then became the first British woman to run under 22 seconds in taking the 200m European title. "I want to have a dry run," she said. "Itʼs a chance to be inside the stadium and experience the climate." How to follow the Diamond League on the BBCBBCʼs 2019 athletics calendarAsher-Smith completes individual sprint double

Danny Cipriani: Gloucester fly-half signs new contract

Gloucester fly-half Danny Cipriani has signed a new contract with the Premiership club. The 31-year-old is believed to have agreed a three-year deal, which could see the England international end his career at Kingsholm. The former Sale Sharks back joined the Cherry and Whites from top-flight rivals Wasps last summer.

Cipriani, who has 16 caps, has been in fine form this season, helping Gloucester to third in the table. After a three-year absence from the national side, he was recalled to Englandʼs squad last summer but has not featured for Eddie Jonesʼ team since Juneʼsthird Test against South Africa.

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Aleksandar Kolarovʼs free kick stunner secures Serbia win over Costa Rica

Johanna Konta wins twice in day to reach quarter-finals

A brilliant second half free kick from captain Aleksandar Kolarov led Serbia to a deserved win over Costa Rica. Serbia were wasteful in front of goal but did enough to secure three vital points in Group E. Another World Cup day, another sublime freekick. If Cristiano Ronaldo’s ice-cold effort tosnatch a point against arch-rivals Spain on day two was the current goal of the tournament front-runner, the Portuguese may have just met his match. Aleksandar Kolarov, take a bow. A combination of poor finishing and sublime goalkeeping had kept the scores level until Serbia’s no.11 produced his moment of magic. Kolarov’s powerful left foot is no secret, but few inside the stadium would have expected such a thunderous strike when the Roma defender stood over a free kick midway through the second half. His shot was unstoppable; a side-footed missile which screamed into the top corner of the Costa Rica net.

Kaylor Navas, who kept his team in the game with several crucial saves either side of half time, was nowhere near it.

Italian Open:

British number one Johanna Konta reached the Italian Open quarter-finals with a 6-2 6-4 win over Venus Williams - her second match of the day.

Konta, 27, came from a set down tobeat world number eight Sloane Stephensbefore overcoming seventime Grand Slam winner Williams, now ranked 50th. Williams was hampered by injury and an assured Konta won in 72 minutes. She will play Czech teenager Marketa Vondrousova or Russian Daria Kasatkina in the last eight in Rome. Williams

received a bye into the third round after sisterSerena withdrewbecause of a knee injury. Wiliams, 38, had won her past three meetings with Konta, including the2017 Wimbledon semifinal. Williams had her right knee strapped and, although she improved as the match wore on, Konta reached the first Premier clay court quarter-final of her career.

Ole Gunnar Solskjaer: Man Utd boss will get financial backing - Ed Woodward Ole Gunnar Solskjaer will get the financial backing to bring success back to Manchester United, says executive vice-chairman Ed Woodward. United finished sixth in the Premier League this season. "The strength of our business means we have the financial resources to continue to provide backing for the manager and creating success on the pitch," said Woodward.

"This as ever remains our number one

goal." Solskjaer took over as caretaker United boss in December following the sacking of Jose Mourinho and the club went on a run of 11 games without defeat, of which they won 10. However, after the Norwegian was appointed on a permanent basis in March, his sideʼs form collapsed and they finished five points off the top four having won only two of their last nine games.