spending

Premier League clubs are divided over whether to introduce a controversial new ‘salary cap’ prior to next month’s vote on financial regulations, BBC Sport has been told.

The ‘top-to-bottom anchoring’ model – or TBA – would restrict the amount any club can spend on player wages, agents and transfer fees to five times the income earned from broadcasting and prize money by the bottom club in the English top flight.

The approach means that a cap would be imposed on clubs’ spending, regardless of their own income.

TBA is currently being trialled by the Premier League, alongside a ‘squad cost ratio’ (SCR) system of financial control that allows clubs to spend up to a percentage of their total revenues on squad-related costs.

On 21 November the Premier League will meet and vote on whether to adopt either, or both, models, and replace the current Profit and Sustainability Rules (PSR) that allow losses of £105m over a three-year reporting cycle.

Nine of the Premier League’s 20 clubs already have to comply with Uefa’s SCR rules as a result of qualifying for Europe, and some believe it makes sense to align the regulations.

In order to encourage sustainability, Uefa permits participants in its competitions to spend up to 70% of their revenues on their squads, while the Premier League has said it would allow a more generous 85%.

However, BBC Sport has been told that a number of Premier League clubs would only vote for SCR to be implemented if it was accompanied by ‘anchoring’, so that those with the largest revenues did not get too far ahead of the rest, and competitive balance was protected.

This stance has been hardened by the additional money being generated by expanded European club competitions and the Club World Cup.

Last year 16 clubs voted to conduct detailed analysis of TBA, with only Manchester United, Manchester City and Aston Villa voting against.

All three were known to be concerned that being pinned to the revenue of the league’s bottom-placed club would risk putting them at a disadvantage compared to some of their European rivals, who only have to adhere to SCR rules.

At the time, United co-owner Sir Jim Ratcliffe said anchoring would “inhibit the top clubs in the Premier League, and the last thing you want is for the top clubs in the Premier League not to be able to compete with Real Madrid, Barcelona, Bayern Munich, Paris St-Germain – that’s absurd”.

In the 2023-24 season, 20th-placed Sheffield United earned around £110m. So last season no top-flight club would have been able to spend more than a total of £550m on player wages, amortised transfer fees and agents if TBA had been in force.

Meanwhile, a European club generating revenues of £1bn, for example, would be able to spend £700m while still adhering to Uefa’s SCR rules.

Manchester City spent £413m on wages last year, with total revenue of £715m.

Ahead of its meeting next month the Premier League has now sent proposals to its clubs, which reportedly include a suggestion that those in breach of anchoring rules could be punished with a points deduction.

Everton and Nottingham Forest were handed points deductions in 2023 and 2024 as a result of breaching PSR.

Back in February the Professional Footballers’ Association (PFA) issued what the Premier League described as “legal demands” over concerns it had about the impact that anchoring could have on player contracts if introduced.

The league said that the players’ union had been given “multiple opportunities to provide feedback”. The PFA remains opposed to TBA, and has hired barrister Nick de Marco in case it decides to launch legal action.

In 2021 the PFA’s claim that a planned salary cap by the EFL for League One and League Two was “unlawful and unenforceable” was upheld by an independent arbitration panel.

Spain argues NATO funding should address real threats, not arbitrary targets, amidst Trump’s tariff retaliation plans.

The European Commission and Spain’s government have dismissed US President Donald Trump’s latest threat to impose higher tariffs on Madrid over its refusal to meet his proposed NATO target for defence spending.

Trump said on Tuesday that he was “very unhappy” with Spain for being the only NATO member to reject the new spending objective of 5 percent of economic output, adding that he was considering punishing the Mediterranean country.

“I was thinking of giving them trade punishment through tariffs because of what they did, and I think I may do that,” Trump added. He had previously suggested making Spain “pay twice as much” in trade talks.

Trade policy falls under the remit of Brussels, and the European Commission would “respond appropriately, as we always do, to any measures taken against one or more of our member states”, commission spokesperson Olof Gill said in a press briefing on Wednesday.

The trade deal between the European Union and the United States signed in July was the right platform to address any issues, Gill added.

“The defence spending debate is not about increasing spending for the sake of increasing it, but about responding to real threats,” Spain’s Economy and Trade Ministry said in a statement.

“We’re doing our part to develop the necessary capabilities and contribute to the collective defence of our allies.”

Spain has more than doubled nominal defence spending from 0.98 percent of gross domestic product in 2017 to 2 percent this year, equivalent to about 32.7bn euros ($38bn).

Defence Minister Margarita Robles said allies weren’t discussing the 5 percent target for 2035 in Wednesday’s meeting because they were prioritising the present situation in Ukraine, but wouldn’t completely rule out a shift in Spain’s position.

Targeted tariffs by the US against individual EU member states are rare, but there are precedents, said Ignacio Garcia Bercero, a senior fellow at the Brussels-based economic think tank Bruegel.

In 1999, the US hit the EU with 100 percent punitive tariffs on products such as chocolate, pork, onions and truffles in retaliation for an EU import ban on hormone-treated beef. But those tariffs excluded Britain, which at the time was still a member of the trade bloc.

The US could impose anti-dumping penalties on European products that are mostly produced in Spain, said Juan Carlos Martinez Lazaro, professor at Madrid’s IE business school.

In 2018, Washington imposed a combination of duties of more than 30 percent on Spanish black table olives at the request of Californian olive growers. Spain’s share of the US market plummeted from 49 percent in 2017 to 19 percent in 2024.

Another option would be moving the naval and air bases the US has in southern Spain to Morocco – an idea floated by former Trump official Robert Greenway – which would damage the local economies through the loss of thousands of indirect jobs.

WASHINGTON — It has been four months since Elon Musk, President Trump’s bureaucratic demolition man, abandoned Washington in a flurry of recriminations and chaos.

But the Trump administration’s crusade to dismantle much of the federal government never ended. It’s merely under new management: the less colorful but more methodical Russell Vought, director of Trump’s Office of Management and Budget.

Vought has become the backroom architect of Trump’s aggressive strategy — slashing the federal workforce, freezing billions in congressionally approved spending in actions his critics often call illegal.

Now Vought has proposed using the current government shutdown as an opportunity to fire thousands of bureaucrats permanently instead of merely furloughing them temporarily. If any do return to work, he has suggested that the government need not give them back pay — contrary to a law Trump signed in 2019.

Those threats may prove merely to be pressure tactics as Trump tries to persuade Democrats to accept spending cuts on Medicaid, Obamacare and other programs.

But the shutdown battle is the current phase of a much larger one. Vought’s long-term goals, he says, are to “bend or break the bureaucracy to the presidential will” and “deconstruct the administrative state.”

He’s still only partway done.

“I’d estimate that Vought has implemented maybe 10% or 15% of his program,” said Donald F. Kettl, former dean of the public policy school at the University of Maryland. “There may be as much as 90% to go. If this were a baseball game, we’d be in the top of the second inning.”

Along the way, Vought (pronounced “vote”) has chipped relentlessly at Congress’ ability to control the use of federal funds, massively expanding the power of the president.

“He has waged the most serious attack on separation of powers in American history,” said Elaine Kamarck, an expert on federal management at the Brookings Institution.

He’s done that mainly by using OMB, the White House office that oversees spending, to control the day-to-day purse strings of federal agencies — and deliberately keeping Congress in the dark along the way.

“If Congress has given us authority that is too broad, then we’re going to use that authority aggressively,” Vought said last month.

Federal judges have ruled some of the administration’s actions illegal, but they have allowed others to stand. Vought’s proposal to use the shutdown to fire thousands of bureaucrats hasn’t been tested in court.

Vought developed his aggressive approach during two decades as a conservative budget expert, culminating in his appointment as director of OMB in Trump’s first term.

In 2019, he stretched the limits of presidential power by helping Trump get around a congressional ban on funding for a border wall, by declaring an emergency and transferring military funds. He froze congressionally mandated aid for Ukraine, the action that led to Trump’s first impeachment.

Even so, Vought complained that Trump had been needlessly restrained by cautious first-term aides.

“The lawyers come in and say, ‘It’s not legal. You can’t do that,’” he said in 2023. “I don’t want President Trump having to lose a moment of time having fights in the Oval Office over whether something is legal.”

Vought is a proponent of the “unitary executive” theory, the argument that the president should have unfettered control over every tentacle of the executive branch, including independent agencies such as the Federal Reserve.

When Congress designates money for federal programs, he has argued, “It’s a ceiling. It is not a floor. It’s not the notion that you have to spend every dollar.”

Most legal experts disagree; a 1974 law prohibits the president from unilaterally withholding money Congress has appropriated.

Vought told conservative activists in 2023 that if Trump returned to power, he would deliberately seek to inflict “trauma” on federal employees.

“We want the bureaucrats to be traumatically affected,” he said. “When they wake up in the morning, we want them to not want to go to work.”

When Vought returned to OMB for Trump’s second term, he appeared to be in Musk’s shadow. But once the flamboyant Tesla chief executive flamed out, the OMB director got to work to make DOGE’s work the foundation for lasting changes.

He extended many of DOGE’s funding cuts by slowing down OMB’s approval of disbursements — turning them into de facto freezes.

He helped persuade Republicans in Congress to cancel $9 billion in previously approved foreign aid and public broadcasting support, a process known as “rescission.”

To cancel an additional $4.9 billion, he revived a rarely used gambit called a “pocket rescission,” freezing the funds until they expired.

Along the way, he quietly stopped providing Congress with information on spending, leaving legislators in the dark on whether programs were being axed.

DOGE and OMB eliminated jobs so quickly that the federal government stopped publishing its ongoing tally of federal employees. (Any number would only be approximate; some layoffs are tied up in court, and thousands of employees who opted for voluntary retirement are technically still on the payroll.)

The result was a significant erosion of Congress’ “power of the purse,” which has historically included not only approving money but also monitoring how it was spent.

Even some Republican members of Congress seethed. “They would like a blank check … and I don’t think that’s appropriate,” said former Senate Republican Leader Mitch McConnell (R-Ky.).

But the GOP majorities in both the House and Senate, pleased to see spending cut by any means, let Vought have his way. Even McConnell voted to approve the $9-billion rescission request.

Vought’s newest innovation, the mid-shutdown layoffs, would be another big step toward reducing Congress’ role.

“The result would be a dramatic, instantaneous shift in the separation of powers,” Kettl said. “The Trump team could kill programs unilaterally without the inconvenience of going to Congress.”

Some of the consequences could be catastrophic, Kettl and other scholars warned. Kamarck calls them “time bombs.”

“One or more of these decisions is going to blow up in Trump’s face,” she said.

“FEMA won’t be capable of reacting to the next hurricane. The National Weather Service won’t have the forecasters it needs to analyze the data from weather balloons.”

Even before the government shutdown, she noted, the FAA was grappling with a shortage of air traffic controllers. This week the FAA slowed takeoffs at several airports in response to growing shortages, including at air traffic control centers in Atlanta, Houston and Dallas-Fort Worth.

In theory, a future Congress could undo many of Vought’s actions, especially if Democrats win control of the House or, less likely, the Senate.

But rebuilding agencies that have been radically shrunken would take much longer than cutting them down, the scholars said.

“Much of this will be difficult to reverse when Democrats come back into fashion,” Kamarck said.

Indeed, that’s part of Vought’s plan.

“We want to make sure that the bureaucracy can’t reconstitute itself later in future administrations,” he said in April in a podcast with Charlie Kirk, the conservative activist who was slain on Sept. 10.

He’s pleased with the progress he’s made, he told reporters in July.

“We’re having fun,” he said.

The meeting was supposed to be the prelude to the purchase of Finnish icebreaker ships.

But as United States President Donald Trump welcomed Finland’s President Alexander Stubb to the Oval Office on Thursday, he veered into a discussion of the North Atlantic Treaty Alliance (NATO) — and his ongoing feud with one of its members, Spain.

At a NATO summit in June, Spain was the most prominent holdout against Trump’s push to increase defence spending among member states.

Trump has long sought for all NATO members to commit 5 percent of their gross domestic product (GDP) to building up their military assets. But Spain successfully pushed for an exemption at June’s meeting, allowing its expenditures to remain around the previous benchmark of 2 percent.

That resistance lingered on Trump’s mind at Thursday’s meeting, as he discussed the US commitment to NATO with Stubb.

“As you know, I requested that they pay 5 percent, not 2 percent,” Trump said of the NATO members.

“And most people thought that was not gonna happen. And it happened virtually unanimously. We had one laggard. It was Spain. Spain. You have to call them and find out: Why are they a laggard?”

He then mused about taking retribution: “They have no excuse not to do this, but that’s all right. Maybe you should throw them out of NATO, frankly.”

It was a bitter note in an otherwise friendly meeting with Stubb, whom Trump hosted in March at his Mar-a-Lago resort in Florida.

Since his first term as president, Trump has wavered in his public comments about NATO, at times embracing the alliance and, at other moments, rejecting it as “obsolete”.

But seated next to Stubb and Finnish Prime Minister Petteri Orpo, Trump took a decidedly enthusiastic approach to defending Finland, one of the newest members of NATO. It joined the alliance in April 2023, followed by Sweden less than a year later.

Reporters at Thursday’s Oval Office meeting pressed Trump about what he might do if Russia expands its war in Ukraine to other countries in Europe.

In Finnish politics, the spectre of Russian interference looms large: The former Soviet Union invaded Finland in the 1930s, and since Russia launched its full-scale invasion of Ukraine in 2022, relations between the two countries have soured even further.

Finland closed its shared border with Russia in 2024, an international divide that stretches across 1,340 kilometres, or 841 miles.

“What if Russia and Vladimir Putin attacks Finland? Would you defend Finland?” one reporter asked Trump on Thursday.

Trump did not mince words in his reply. “I would. Yes, I would. They’re a member of NATO.”

He nevertheless cast doubt on the prospect of a Russian invasion under Putin.

“I don’t think that’s going to happen. I don’t think he’s going to do that. I think the chances of that are very, very small,” he said, turning to Stubb. “You have a very powerful military, one of the best.”

When pushed to specify how he might defend Finland in case of an attack, Trump offered one word in reply: “Vigorously.”

Those warm remarks offered a stark contrast with his approach to Spain. In the wake of the June NATO summit, for instance, Trump called Spain’s position “hostile” and threatened its economy, pledging to make it pay “twice as much” in tariffs to the US.

“I think Spain is terrible, what they’ve done,” he told reporters, accusing the country of taking a “free ride” at other countries’ expense. “That economy could be blown right out of the water with something bad happening.”

NATO was founded with 12 original members and has since expanded to include 32. Spain joined in 1982. So far, no members have ever been expelled.

Proposition 50 would shift the state’s congressional district lines to favor Democrats. It is Gov, Gavin Newsom’s response to a similar effort in Texas designed to put more Republicans in Congress. The new district lines would override those created by the state’s nonpartisan, independent redistricting commission.

Supporters include Democratic politicians and party organizations and labor unions. Newsom has said that this is a needed step to counter President Trump and to protect Californians. Republicans oppose the measure, arguing that partisan maps would take the state backward.

Overall fundraising

The Times is tracking contributions to one committee supporting Proposition 50 and two committees opposing the measure. Many committees have contributed to these main committees.

How money has flowed in over time

Since the proposal was announced in August, donations supporting the measure have poured in.

Biggest supporters

The Times is tracking contributions to the main fundraising committee supporting Proposition 50, which is controlled by Newsom. George Soros’ Fund for Policy Reform is the top donor with $10 million. House Majority PAC, the second-largest donor, aims to elect Democrats to the U.S. House of Representatives. Labor unions are also major supporters.

The measure has received support from several business executive and philanthropist donors, including Michael Moritz, Gwendolyn Sontheim and Reed Hastings.

Almost 150,000 individuals gave $100 or more. More than $11 million, about 14% of the total raised, came from small-dollar contributors, or those who gave less than $100.

Biggest opposition

The Times is also tracking contributions to two main opposition committees. Most of the money to these groups has come from extremely large contributions from a handful of donors.

Charles Munger, Jr., son of the former Berkshire Hathaway vice chairman, contributed more than $32 million to the Hold Politicians Accountable PAC.

Small-dollar contributions have made up $7,500 of the total raised.

The Congressional Leadership Fund has given $5 million to the Stop Sacramento’s Power Grab committee.

WASHINGTON — Republican and Democratic lawmakers at an impasse on reopening the federal government provided few public signs Sunday of meaningful negotiations talking place to end what has so far been a five-day shutdown.

Leaders in both parties are betting that public sentiment has swung their way, putting pressure on the other side to compromise. Democrats are insisting on renewing subsidies to cover health insurance costs for millions of households, while President Trump wants to preserve existing spending levels and is threatening to permanently fire federal workers if the government remains closed.

The squabble comes at a moment of troubling economic uncertainty. While the U.S. economy has continued to grow this year, hiring has slowed and inflation remains elevated as Trump’s import taxes have created a series of disruptions for businesses. At the same time, there is a recognition that the nearly $2-trillion annual budget deficit is financially unsustainable, and reducing it would require a coalition in support of potential tax increases and spending cuts.

House Democratic leader Hakeem Jeffries, among those appearing on the Sunday news shows, said there have been no talks with Republican leaders since their White House meeting Monday.

“And unfortunately, since that point in time, Republicans, including Donald Trump, have gone radio silent,” said Jeffries (D-N.Y.). “And what we’ve seen is negotiation through deepfake videos, the House canceling votes, and of course President Trump spending yesterday on the golf course. That’s not responsible behavior.”

Trump was asked via text message by CNN’s Jake Tapper about shutdown talks. The Republican president responded with confidence but no details.

“We are winning and cutting costs big time,” Trump said in a text message, according to CNN.

His administration sees the shutdown as an opening to wield greater power over the budget, with multiple officials saying they will save money as workers are furloughed by imposing permanent job cuts on thousands of government workers, a tactic that has never been used before.

Even though it would be Trump’s decision, he believes he can put the blame on the Democrats for the layoffs because of the shutdown.

“It’s up to them,” Trump told reporters Sunday morning before boarding the presidential helicopter. “Anybody laid off, that’s because of the Democrats.”

Republicans on Sunday argued that the administration would take no pleasure in letting go of federal workers, even though the GOP has put funding on hold for infrastructure and energy projects in Democratic areas.

“We haven’t seen the details yet about what’s happening” with layoffs, House Speaker Mike Johnson (R-La.) said on NBC. “But it is a regrettable situation that the president does not want.”

Kevin Hassett, director of the White House National Economic Council, said that the administration wants to avoid the layoffs it had indicated might start last week, after a Friday deadline came and went without any decisions being announced.

“We want the Democrats to come forward and to make a deal that’s a clean, continuing resolution that gives us seven more weeks to talk about these things,” Hassett said on CNN. “But the bottom line is that with Republicans in control, the Republicans have a lot more power over the outcome than the Democrats.”

Democratic Sen. Adam Schiff of California defended his party’s stance on the shutdown, saying on NBC that the possible increase in healthcare costs for “millions of Americans” would make insurance unaffordable in what he called a “crisis.”

But Schiff also noted that the Trump administration has withheld congressionally approved spending from being used, essentially undermining the value of Democrats’ seeking compromises on the budgets as the White House could decline to not honor Congress’ wishes. The Trump administration sent Congress roughly $4.9 billion in “ pocket rescissions” on foreign aid, a process that meant the spending was withheld without time for Congress to weigh in before the previous fiscal year ended last week.

“We need both to address the healthcare crisis and we need some written assurance in the law, I won’t take a promise, that they’re not going to renege on any deal we make,” Schiff said.

The television appearances indicated that Democrats and Republicans are busy talking, deploying internet memes against each other that have raised concerns about whether it’s possible to negotiate in good faith.

Vice President JD Vance said that a video putting Jeffries in a sombrero and thick mustache was simply a joke, even though it came across as racist mocking as Republicans insist that the Democratic demands would lead to healthcare spending on immigrants in the country illegally, a claim that Democrats dispute.

Immigrants in the U.S. illegally are not eligible for any federal healthcare programs, including insurance provided through the Affordable Care Act and Medicaid. Still, hospitals do receive Medicaid reimbursements for emergency care that they are obligated to provide to people who meet other Medicaid eligibility requirements but do not have an eligible immigration status.

The challenge is that the two parties do not appear to be having productive conversations with each other in private, even as Republicans insist they are in conversation with their Democratic colleagues.

On Friday, a Senate vote to advance a Republican bill that would reopen the government failed to notch the necessary 60 votes to end a filibuster. Johnson said the House would close for legislative business this week, a strategy that could obligate the Senate to work with the government funding bill that was passed by House Republicans.

“Johnson’s not serious about this,” Senate Democratic leader Chuck Schumer (D-N.Y.) said on CBS. “He sent his all his congressman home last week and home this week. How are you going to negotiate?”

Senate Majority Leader John Thune (R-S.D.) said Sunday that the shutdown on discretionary spending, the furloughing of federal workers and requirements that other federal employees work without pay will go on so long as Democrats vote no.

“They’ll get another chance on Monday to vote again,” said Thune on Fox News Channel’s “Sunday Morning Futures.”

“And I’m hoping that some of them have a change of heart,” he said.

Boak writes for the Associated Press.

It is very hard to pinpoint a player’s true value.

The bottom line, like anything, is what someone is willing to pay.

So Woltemade is worth what Newcastle paid for him: £69m.

One of the only reference points publicly available in football to assess valuations is the comprehensive database of website Transfermarkt, which provides transfer data for BBC Sport.

Now there is a catch in this case. Woltemade’s last valuation €30m (£26.1m) was at the start of June.

What happened next? He had a breakout few months.

His last Transfermarkt valuation came a day after winning his first senior cap with Germany.

He then spearheaded Germany’s front line at the Under-21 Euros, winning the Golden Boot and being named in the team of the tournament.

Undoubtedly that would add to his value, but would those exploits add £43m?

Among other players to feature in England’s win over Germany at the Euros, Nottingham Forest signed Omari Hutchinson and James McAtee for a combined £67.5m, while Bayer Leverkusen signed Jarell Quansah for £35m from Liverpool.

Woltemade was the seventh most expensive arrival to the Premier League in the summer.

But of the 26 most expensive new signings by top-flight clubs, Woltemade’s valuation was the lowest on Transfermarkt.

The same website values striker Nicolas Jackson, signed by Bayern on loan from Chelsea, at €50m (£43.5m). Bayern signed Jackson for a £14.3m loan fee with a conditional obligation to buy for £56.2m.

Wissa, 29, who was signed by Newcastle from Brentford in August, joined Eddie Howe’s side for £55m and has a €32m (£27.8m) valuation on the site.

Sept. 26 (UPI) — Core inflation stayed about the same in August, the Federal Reserve said, and personal consumption expenditures had a 0.3% gain for the month.

The personal consumption expenditures price index rise made the annual headline inflation rate 2.7%, which is the inflation over last year, the Commerce Department reported.

The core inflation rate is at 2.9%. It rose 0.2% for the month.

Meanwhile, consumer sentiment fell to 55.1, the University of Michigan said in a survey released Friday. The report was the seventh-lowest on record since 1952.

The pessimism stems from fears of higher inflation, which could get worse. On Thursday, President Donald Trump announced new tariffs on trucks, cabinets and pharmaceuticals.

Americans are now also becoming nervous about the labor market.

“Consumers continue to express frustration over the persistence of high prices, with 44% spontaneously mentioning that high prices are eroding their personal finances, the highest reading in a year,” Joanne Hsu, the Michigan survey’s director, said in a release.

“Interviews this month highlight the fact that consumers feel pressure both from the prospect of higher inflation as well as the risk of weaker labor markets,” she said.

Consumer spending is still going strong. Personal consumption expenditures climbed 0.6% in August from the previous month, the Commerce Department said Friday.

After adjusting for inflation, spending rose 0.4% last month. The personal saving rate, which is personal saving as a percentage of disposable personal income, was 4.6%.

“Recent data show consumers resumed spending over the summer, especially those with higher incomes. And why wouldn’t they? Unemployment is still low, nominal wages are still increasing and asset valuations are near all-time highs,” CNN reported Richmond Fed President Tom Barkin said Friday at an event in Washington, D.C.

Stock market futures rose after the report, while Treasury yields dipped, CNBC reported.

“Net, net, consumers literally hit it out of the park with very strong gains in spending not just for August, but June and July as well,” Chris Rupkey, chief economist at Fwdbonds, told CNBC.

“Summer was the time for consumer revenge spending after hunkering down in retreat from the shops and malls during the uncertainty and fear produced by the White House tariff rollout in April and May.”

A BRITISH man who stabbed his flat mate to death in Portugal has been found after spending more than a year on the run.

William Hunter murdered 22-year-old Elliot Mulligan in an Albufeira apartment in April 2022.

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The 34-year-old was sentenced to spend 18 years behind bars for killing the Liverpool man, but lodged an appeal in 2023.

He was released on bail in April the following year, after reaching the custodial time limit for prisoners on remand.

Hunter immediately breached his bail and fled, leading police on a multi-agency manhunt.

The UK’s National Crime Agency (NCA) said he was arrested by Guardia Civil officers in Alicante on September 15.

Portuguese authorities have sought the killer to be extradited and complete his jail sentence.

In a statement, NCA spokesman Gill Duggan said: “Above all, our thoughts remain with Elliot’s family, who have endured an unimaginable loss and the painful reality that the man responsible had not been held accountable for his violent actions”.

“Our pursuit of Hunter was relentless, driven by a deep commitment to securing justice for those who love Elliot,” he continued.

“With thanks to our partners at Merseyside Police and in Spain and Portugal, Hunter is behind bars where he belongs, and where he will remain for a long time to come.”

Detective Superintendent Mark Drew from Merseyside Police said Hunter’s arrest had been a “joint operation”.

“We are committed to working with our partners to capture those that evade law enforcement and bring them to justice,” he said.

“We continue to support Elliot’s family.

“As they finally see justice being done for their tragic loss, we hope that the arrest of William Hunter brings them some comfort.”

Hunter was convicted and sentenced over the brutal murder in 2023, where he stabbed Elliot multiple times in the chest, back, arms and hands.

The two men had been living together when they’d gotten into an argument on April 6 in 2022.

Hunter later launched his savage attack, stabbing Elliot 24 times.

Elliot attempted to flee the luxury flat by jumping from the balcony, walking several metres across the garden before eventually collapsing.

Emergency services were unable to save him, and he was pronounced dead at the scene.

An autopsy of Elliot’s body found he had died from multiple incisive wounds.

Published on
24/09/2025 – 9:33 GMT+2

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Shares in Alibaba rose around 9% in Hong Kong on Wednesday afternoon after CEO Eddie Wu said that he would lift the firm’s AI budget.

The e-commerce giant had already pledged to invest 380 billion yuan (€45bn) in AI-related infrastructure over the next three years, seeking to stay ahead as firms race to develop new models. Wu did not give details on the additional expenditure.

The pledge came as Wu was launching Alibaba’s most powerful AI model during a company conference in Hangzhou, China. The firm’s chief technology officer, Zhou Jingren, said that the Qwen3-Max model contains more than 1 trillion parameters. These are learnt values that determine how the system processes information and makes predictions.

In certain metrics, Alibaba claimed that its Qwen3-Max model outperformed rival offerings like Anthropic’s Claude and DeepSeek-V3.1, citing third-party benchmarks.

“The industry’s development speed far exceeded what we expected, and the industry’s demand for AI infrastructure also far exceeded our anticipation,” Wu said on Wednesday. “We are actively proceeding with the 380 billion investment in AI infrastructure, and plan to add more.”

Stressing that Alibaba must push ahead, Wu estimated that total global investment in AI will exceed $4 trillion (€3.4tn) in the next five years. Chinese rivals such as Tencent and JD.com, as well as US tech firms, have invested heavily in AI over the past year.

Complicating Alibaba’s progress, however, are access restrictions on AI processors from Nvidia.

Last week, China’s internet regulator banned the country’s biggest tech firms from buying Nvidia’s artificial intelligence chips, according to the Financial Times.

The reported ban comes as China seeks to boost its homegrown chip industry and wean itself off dependence on the US.

In August, Chinese firms had previously been advised not to buy Nvidia’s H20, a chip designed specifically for China, with officials in Beijing warning of perceived security risks to national data and systems.

The warning arrived after the US lifted its own ban on the export of H20 chips to China, imposed in April amid a trade spat.

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Slot felt Liverpool “did great business”, given all eight of their signings are aged 25 or under, and the club “should get praise” for the strategy it has adopted.

“I think it is only a compliment that people tell everyone we have spent so much because that tells you the players we brought in are seen as very good players,” explained the Dutchman.

“Some other teams prefer to bring in 27-year-olds because they are ready, but we think we have brought in players who are 21, 22 [and] who are ready.

“I think all the money we have spent we generated ourselves by selling, and by winning the league after we didn’t buy anyone at all.”

Isak did not feature in Liverpool’s 1-0 win at Burnley on Sunday – the first match since he joined the Reds – because he is still short of match fitness.

The 25-year-old trained alone at former club Newcastle, in a bid to force through his switch to Anfield, and needs extra work to get up to speed after missing pre-season.

Isak’s only appearance this season came for Sweden in an 18-minute cameo from the bench in a 2-0 defeat by Kosovo last week.

Slot said he is “100% sure” Isak will not play 90 minutes against Atletico but indicated he will play a part against the La Liga side.

“He [Isak] is part of the squad, so it’s already a Champions League game to look forward to, but if people look forward to his playing time, that could mean that could happen tomorrow as well,” Slot added.

“So the moment he is fit, match fit, [he] can play 90, and then the next step is playing three times in a week 90 minutes.

“And that is what he has to do; scoring goals and doing special things in attack is something he will 100% do. The main challenge he has is to become so fit that he’s first of all ready to do what he did last season.”