Wolves have accepted a reduced offer worth £48m for striker Jorgen Strand Larsen from Crystal Palace.
Last week, the two clubs reached an agreement in principle over a £50m deal for the Norway international to move to Selhurst Park.
All that was left was for Palace to submit a written offer – and provided the bid was of the value discussed, Wolves would have accepted.
However, as BBC Sport revealed, the offer never arrived as Palace communicated their intention to walk away from the deal, which put the transfer in jeopardy.
Sources claim that Palace’s decision to pause final talks was down to reservations over the total cost of the deal, not concerns over the player.
The impasse in recent days has placed further doubt on the deal.
But with a little over 24 hours to go until the transfer window closes, Palace have now had a new offer accepted worth £43m plus an additional £5m in bonuses – a deal worth £2 less than their original verbal offer.
If the deal goes through, the door could open for Jean-Philippe Mateta to complete his protracted move to AC Milan.
Mateta wants to leave Selhurst Park with the Italian club leading the chase for his signature.
But Palace are unwilling to let the France international go without a replacement.
Cuba’s President Miguel Diaz-Canel has denounced what he called an attempt by his United States counterpart, Donald Trump, to “suffocate” the sanctions-hit country’s economy.
Trump signed an executive order on Thursday threatening additional tariffs on countries that sell oil to Cuba, the latest move in Washington’s campaign of pressure on Havana. The order alleged that the government of communist-run Cuba was an “unusual and extraordinary threat” to US national security.
In a social media post on Friday, Diaz-Canel said that under “a false and baseless pretext”, Trump plans “to suffocate” Cuba’s economy by slapping tariffs “on countries that sovereignly trade oil” with it.
“This new measure reveals the fascist, criminal and genocidal nature of a clique that has hijacked the interests of the American people for purely personal ends,” he said, in an apparent allusion to Secretary of State Marco Rubio, a Cuban American and a known anti-Cuban government hawk.
Cuba, which is suffering rolling electricity blackouts blamed on fuel shortages, was cut off from critical supplies of Venezuelan oil after the US abducted Venezuela’s President Nicolas Maduro and his wife in a bloody military night raid on the capital, Caracas, earlier this month. At least 32 members of Cuba’s armed forces and intelligence agencies were killed in the January 3 attack.
The US has since taken effective control of Venezuela’s oil sector, and Trump, a Republican, has issued threats against other left-wing governments in the region, promising to stop oil shipments previously sent to Cuba.
Cuba’s Foreign Minister Bruno Rodriguez on Friday declared an “international emergency” in response to Trump’s move, which he said constitutes “an unusual and extraordinary threat”.
Venezuela’s government also condemned the measure in a statement on Friday, saying it violates international law and the principles of global commerce.
Reporting from Cuba’s capital, Al Jazeera’s Ed Augustin said Trump’s announcement “is a massive psychological blow”, noting that analysts describe it as the “most powerful economic blow the United States has ever dealt the island”.
Days after Maduro’s abduction and transfer to the US, Trump urged Cuba to make a deal “before it is too late,” without specifying what kind of agreement he was referring to.
In a post on social media, Trump suggested Rubio could become the president of Cuba. “Sounds good to me!” he wrote on his Truth Social platform.
‘There’s no solution’
In Havana, residents expressed anger at Trump’s tariff threat, which will only make life harder for Cubans already struggling with an increase in US sanctions.
“My food is going bad. We haven’t had electricity since 6am,” Yenia Leon told Al Jazeera. “You can’t sleep. You have to buy food every day. There’s no solution to the power situation,” she said.
“This is a war,” Lazaro Alfonso, an 89-year-old retired graphic designer, told The Associated Press news agency, describing Trump as the “sheriff of the world” and saying he feels like he is living in the Wild West, where anything goes.
A man sells vegetables on the street during a blackout in Havana on January 22 [Norlys Perez/Reuters]
Alfonso, who lived through the severe economic depression in the 1990s known as the “Special Period” following cuts in Soviet aid, said the current situation in Cuba is worse, given the severe blackouts, a lack of basic goods and a scarcity of fuel.
“The only thing that’s missing here in Cuba … is for bombs to start falling,” he said.
Meanwhile, Mexican President Claudia Sheinbaum said she would seek alternatives to continue helping Cuba after Trump’s announcement following a decision this week to temporarily halt oil shipments to the island amid heightened rhetoric from Trump.
Mexico became a key supplier of fuel to Cuba, along with Russia, after the US sanctions on Venezuela paralysed the delivery of crude oil to the island.
Sheinbaum said cutting off oil shipments to Cuba could trigger a “far-reaching humanitarian crisis” on the island, affecting transportation, hospitals and access to food. She did not say whether Mexico would cut shipments of oil or refined products to Cuba, which she said accounted for 1 percent of Mexico’s production.
“Our interest is that the Cuban people don’t suffer,” Sheinbaum said, adding that she had instructed her foreign minister to contact the US State Department to better understand the scope of the executive order.
Mexico supplied 44 percent of Cuban oil imports and Venezuela exported 33 percent until last month, while some 10 percent of Cuban oil is sourced from Russia. Some oil is also sourced from Algeria, according to The Financial Times figures.
In November last year, a senior United Nations expert said the long-running US sanctions on Cuba must be lifted as they are “causing significant effects across all aspects of life”.
The US imposed a near-total trade embargo on Cuba in 1962, with the goal of toppling the government put in place by Fidel Castro after he took power in a 1959 revolution. Castro himself was the target of numerous assassination attempts by the US’s Central Intelligence Agency, or CIA.
Alena Douhan, special rapporteur on the negative impact of unilateral coercive measures on human rights, said the “extensive regime of economic, trade and financial restrictions” against Cuba marks the longest-running unilateral sanctions policy in US history.
She noted that there are shortages of food, medicine, electricity, water, essential machinery and spare parts in Cuba, while a growing emigration of skilled workers, including medical staff, engineers and teachers, is further straining the country.
The accumulative effect has “severe consequences for the enjoyment of human rights, including the rights to life, food, health and development”, Douhan said.
SAN FRANCISCO — Katie Porter’s still standing, which is saying something.
The last time a significant number of people tuned into California‘s low-frequency race for governor was in October, when Porter’s political obituary was being written in bold type.
Immediately after a snappish and off-putting TV interview, Porter showed up in a years-old video profanely reaming a staff member for — the humanity! — straying into the video frame during her meeting with a Biden Cabinet member.
The former Orange County congresswoman had played to the worst stereotypes and that was that. Her campaign was supposedly kaput.
But, lo, these several months later, Porter remains positioned exactly where she’d been before, as one of the handful of top contenders in a race that remains stubbornly formless and utterly wide open.
Did she ever think of exiting the contest, as some urged, and others plainly hoped to see? (The surfacing of that surly 2021 video, with the timing and intentionality of a one-two punch, was clearly not a coincidence.)
No, she said, not for a moment.
“Anyone who thinks that you can just push over Katie Porter has never tried to do it,” she said.
“You definitely learn from your mistakes,” the Democrat said this week over a cup of chai in San Francisco’s Financial District. “I really have and I’ve spent a lot of time thinking about how do I show Californians who I am and that I really care about people who work for me. I need to earn back their trust and that’s what campaigns are literally about.”
She makes no excuse for acting churlish and wouldn’t bite when asked about that double standard — though she did allow as how Democratic leader John Burton, who died not long before people got busy digging Porter’s grave, was celebrated for his gruff manner and lavish detonation of f-bombs.
“It was a reminder,” she said, pivoting to the governor’s race, “that there have been other politicians who come on hot, come on strong and fight for what’s right and righteous and California has embraced them.”
Voters, she said, “want someone who will not back down.”
Porter warmed to the subject.
“If you are never gonna hurt anyone’s feelings, you are never gonna take [JPMorgan Chase Chief Executive] Jamie Dimon to task for not thinking about how his workers can’t afford to make ends meet. If you want everyone to love you, you are never gonna say to a big pharma CEO, ‘You didn’t make this cancer drug anymore. You just got richer, right?’ That is a feistiness that I’m proud of.”
At the same, Porter suggested, she wants to show there’s more to her persona than the whiteboard-wielding avenger that turned her into a viral sensation. The inquisitorial stance was, she said, her role as a congressional overseer charged with holding people accountable. Being governor is different. More collaborative. Less confrontational.
Her campaign approach has been to “call everyone, go everywhere” — even places Porter may not be welcomed — to listen and learn, build relationships and show “my ability to craft a compromise, my ability to learn and to change my mind.”
“All of that is really hard to convey,” she said, “in those whiteboard moments.”
“When we say boring, I think what we’re really saying is ‘I’m not 100% sure how all this is going to work out.’ People are waiting for some thing to happen, some coronation of our next governor. We’re not gonna have that.”
None of those running this time have that political pedigree, or the Sacramento backgrounds of Newsom or Brown, which, Porter suggested, is not a bad thing.
“I actually think this race has the potential to be really, really exciting for California,” she said. “… I think everyone in this race comes in with a little bit of a fresh energy, and I think that’s really good and healthy.”
Crowding into the conversation was, inevitably, Donald Trump, the sun around which today’s entire political universe turns.
But, she said, Trump didn’t cause last year’s firestorm. He didn’t make housing in California obscenely expensive for the last many decades.
“When my children say ‘I don’t know if I want to go to college in California because we don’t have enough dorm housing,’ Trump has done plenty of horrible attacks on higher ed,” Porter said. “But that’s a homegrown problem that we need to tackle.”
Indeed, she’s “very leery of anyone who does not acknowledge that we had problems and policy challenges long before Donald Trump ever raised his orange head on the political horizon.”
Although California needs “someone who’s going to [buffer] us against Trump,” Porter said, “you can’t make that an excuse for why you are not tackling these policy changes that need to be.”
She hadn’t finished her tea, but it was time to go. Porter gathered her things.
She’d just spoken at an Urban League forum in San Francisco and was heading across the Bay Bridge to address union workers in Oakland.
The June 2 primary is some ways off. But Porter remains in the fight.
Many in Hollywood fear Warner Bros. Discovery’s sale will trigger steep job losses — at a time when the industry already has been ravaged by dramatic downsizing and the flight of productions from Los Angeles.
David Ellison‘s Paramount Skydance is seeking to allay some of those concerns by detailing its plans to save $6 billion, including job cuts, should Paramount succeed in its bid to buy the larger Warner Bros. Discovery.
Leaders of the combined company would search for savings by focusing on “duplicative operations across all aspects of the business — specifically back office, finance, corporate, legal, technology, infrastructure and real estate,” Paramount said in documents filed with the Securities & Exchange Commission.
Paramount is locked in an uphill battle to buy the storied studio behind Batman, Harry Potter, Scooby-Doo and “The Big Bang Theory.” The firm’s proposed $108.4-billion deal would include swallowing HBO, HBO Max, CNN, TBS, Food Network and other Warner cable channels.
Warner’s board prefers Netflix’s proposed $82.7-billion deal, and has repeatedly rebuffed the Ellison family’s proposals. That prompted Paramount to turn hostile last month and make its case directly to Warner investors on its website and in regulatory filings.
Shareholders may ultimately decide the winner.
Paramount previously disclosed that it would target $6 billion in synergies. And it has stressed the proposed merger would make Hollywood stronger — not weaker. The firm, however, recently acknowledged that it would shave about 10% from program spending should it succeed in combining Paramount and Warner Bros.
Paramount said the cuts would come from areas other than film and television studio operations.
A film enthusiast and longtime producer, David Ellison has long expressed a desire to grow the combined Paramount Pictures and Warner Bros. slate to more than 30 movies a year. His goal is to keep Paramount Pictures and Warner Bros. stand-alone studios.
This year, Warner Bros. plans to release 17 films. Paramount has said it wants to nearly double its output to 15 movies, which would bring the two-studio total to 32.
“We are very focused on maintaining the creative engines of the combined company,” Paramount said in its marketing materials for investors, which were submitted to the SEC on Monday.
“Our priority is to build a vibrant, healthy business and industry — one that supports Hollywood and creative, benefits consumers, encourages competition, and strengthens the overall job market,” Paramount said.
If the deal goes through, Paramount said that it would become Hollywood’s biggest spender — shelling out about $30 billion a year on programming.
In comparison, Walt Disney Co. has said it plans to spend $24 billion in the current fiscal year.
Paramount also added a dig at Warner management, saying: “We expect to make smarter decisions about licensing across linear networks and streaming.”
Some analysts have wondered whether Paramount would sell one of its most valuable assets — the historic Melrose Avenue movie lot — to raise money to pay down debt that a Warner acquisition would bring.
Paramount is the only major studio to be physically located in Hollywood and its studio lot is one of the company’s crown jewels. That’s where “Sunset Boulevard,” several “Star Trek” movies and parts of “Chinatown” were filmed.
A Paramount spokesperson declined to comment.
Sources close to the company said Paramount would scrutinize the numerous real estate leases in an effort to bring together far-flung teams into a more centralized space.
For example, CBS has much of its administrative offices on Gower in Hollywood, blocks away from the Paramount lot. And HBO maintains its operations in Culver City — miles from Warner’s Burbank lot.
The tender offer was set to expire last week, but Paramount extended the window after failing to solicit sufficient interest among Warner shareholders.
Some analysts believe Paramount may have to raise its bid to closer to $34 a share to turn heads. Paramount last raised its bid Dec. 4 — hours before the auction closed and Netflix was declared the winner.
Paramount also has filed proxy materials to ask Warner shareholders to reject the Netflix deal at an upcoming stockholder meeting.
Should Paramount win Warner Bros., it would need to line up $94.65 billion in debt and equity.
Billionaire Larry Ellison has pledged to backstop $40.4 billion for the equity required. Paramount’s proposed financing relies on $24 billion from royal families in Saudi Arabia, Qatar and Abu Dhabi.
The deal would saddle Paramount with more than $60 billion of debt — which Warner board members have argued may be untenable.
“The extraordinary amount of debt financing as well as other terms of the PSKY offer heighten the risk of failure to close,” Warner board members said in a filing earlier this month.
Paramount would also have to absorb Warner’s debt load, which currently tops $30 billion.
Netflix is seeking to buy the Warner Bros. television and movie studios, HBO and HBO Max. It is not interested in Warner’s cable channels, including CNN. Warner wants to spin off its basic cable channels to facilitate the Netflix deal.
Analysts say both deals could face regulatory hurdles.
Canadian Prime Minister Mark Carney (2nd R) and Canadian Defense Minister David McGuinty (L), accompanied by South Korean Prime Minister Kim Min-seok (2nd L) and Hanwha Group Vice Chairman Kim Dong-kwan, inspect South Korea’s first 3,600-ton-class naval submarine, named Jang Yeong-sil, during their visit to Hanwha Ocean Co.’s shipyard on Geoje Island in South Gyeongsang Province, southeastern South Korea, 30 October 2025. File. Photo by YONHAP / EPA
Jan. 27 (Asia Today) — South Korea’s Hanwha Group is mounting an unusually broad industrial and technology campaign to strengthen its bid for Canada’s multibillion-dollar next-generation submarine program, extending its proposal well beyond shipbuilding to include steel, artificial intelligence and space-based infrastructure.
Hanwha said Monday that its defense units are offering what it described as a comprehensive “K-defense package” tailored to Canada’s emphasis on local industrial participation and economic offsets under its Canadian Patrol Submarine Project.
At the Korea-Canada Industrial Cooperation Forum held in Toronto on Sunday, Hanwha Ocean and Hanwha Systems signed memorandums of understanding with Canadian partners across five sectors: steel, AI, satellite communications, space technology and electro-optics.
As part of the effort, Hanwha Ocean agreed to cooperate with Algoma Steel, Canada’s largest steel producer. The agreement includes plans to invest about 345 million Canadian dollars to help establish a stable steel supply chain in Canada for submarine construction and long-term maintenance, repair and overhaul work, contingent on winning the contract. Hanwha said the approach goes beyond material procurement by directly supporting local manufacturing capacity.
In AI, Hanwha Ocean and Hanwha Systems signed a three-party MOU with Canadian startup Cohere to jointly develop specialized AI tools for shipbuilding, including production planning, design and manufacturing, as well as submarine system integration and operations. Cohere, which has received backing from companies such as Nvidia and Oracle, is valued at more than $7 billion, according to industry estimates.
Hanwha Systems also reached agreements with Telesat on low-Earth orbit satellite communications and with MDA Space and PV Labs on defense-related satellite and electro-optical technologies. The companies plan to link satellite platforms with Hanwha’s defense electronics to provide secure communications, command and control and data resilience for submarine operations.
The submarine bid has drawn strong backing from the South Korean government. Senior officials, including Presidential Chief of Staff Kang Hoon-sik and Trade, Industry and Energy Minister Kim Jeong-kwan, accompanied the delegation to Canada in what Seoul described as full-scale “sales diplomacy.” The government has designated the submarine project a national strategic export and proposed expanding cooperation to other sectors such as automobiles and hydrogen energy.
Consulting firm KPMG estimated that Hanwha’s proposed industrial cooperation framework could generate more than 200,000 person-years of employment in Canada between 2026 and 2040, a projection seen as a powerful selling point in a country where job creation and regional economic development are key political priorities.
