Investors have come to terms with the prospect that President Recep Tayyip Erdogan’s unconventional stewardship of the economy

(Reuters) -Target Corp on Wednesday forecast profit below Wall Street expectations and estimated a drop in sales for the second

VANCOUVER, British Columbia--(BUSINESS WIRE)--May 17, 2023--

The Qatari billionaire Sheikh Jassim bin Hamad bin Khalifa Al Thani has raised his bid for Manchester United by making a fourth and last-ditch offer for the club, which is understood to be closer to £5 billion. The businessman has made a late intervention after the lifelong United fan, and petrochemicals billionaire, Sir Jim Ratcliffe had submitted his third bid which valued United at a higher figure. As with all of Sheikh Jassim’s previous proposals, he is trying to buy 100 percent of the club, where the Glazer family are current majority shareholders. The Qatari has also pledged to clear United’s debt of £536 million and has promised a separate fund directed at the club and the community. Ratcliffe’s most recent bid allowed Joel and Avram Glazer, two of the six siblings whose father, Malcolm, bought the club in 2005, to retain a stake while aiming to complete a takeover in the next few years. The American merchant bank the Raine Group are overseeing the process for the Glazers. There have been three previous rounds of bids, without seeming to meet the Glazers’ valuation, though Ratcliffe had emerged as the favourite to complete a deal. Read More Eddie Howe: Football must learn from my confrontation with fan Dimitar Berbatov warns Harry Kane not to ‘tarnish’ Tottenham legacy by leaving You’re asking the wrong person – Emma Hayes not interested in title permutations

BEIJING Nomura has cut its forecast for China's 2023 gross domestic product (GDP) growth to 5.5% from 5.9%

By Jessica DiNapoli NEW YORK Makers of brand-name household basics like Dunkin' coffee and Schick razors are bulking

By Philip Blenkinsop BRUSSELS The European Commission proposed on Wednesday a reform of customs rules for the surge

A look at the day ahead in U.S. and global markets from Samuel Indyk. The Federal Reserve is

Indonesian authorities have arrested the information technology minister as part of an investigation into a million-dollar corruption scandal linked to the construction of mobile phone transmission towers in remote regions

British car factories will be forced to close with the loss of thousands of jobs if the government does not renegotiate its Brexit trade deal immediately, automaker Stellantis warned on Wednesday.

Tesla Inc. Chief Executive Officer Elon Musk said the electric-car maker will dabble in advertisements, a major shift

Holmes was also ordered to pay $452m in restitution to the victims of the scandal.