A strategy of stripping China out of emerging-market portfolios is fast gaining traction as stock managers seek to

It's June, which means we're celebrating Pride while commemorating the 1969 Stonewall Uprising, the gay

Everton have been given a 10-point deduction after an independent commission found them guilty of breaching the Premier League’s financial fair play (FFP) rules. The club plan to appeal against what they regard as a disproportionate and “unjust” punishment and said they were “shocked and disappointed” by the decision and the sanction. But as it stands, Sean Dyche’s men will drop from 14th to 19th place in the Premier League table and be plunged into greater danger of relegation as they only stay above bottom side Burnley on goal difference. The Toffees become the first English top-flight club to receive such a punishment for falling foul of FFP guidelines. They are just the third club in the Premier League era to be deducted points for any reason: Portsmouth saw nine points taken away for entering administration in 2010 and Middlesbrough were slapped with a three-point deduction for illegally postponing a game in 1997 – both teams subsequently suffering relegation at the end of the season. A statement from the Premier League read: “An independent commission has imposed an immediate deduction of 10 points on Everton FC for a breach of the Premier League’s Profitability and Sustainability Rules (PSRs). “The Premier League issued a complaint against the club and referred the case to an independent commission earlier this year. During the proceedings, the club admitted it was in breach of the PSRs for the period ending season 2021-22 but the extent of the breach remained in dispute. “Following a five-day hearing last month, the commission determined that Everton FC’s PSR calculation for the relevant period resulted in a loss of £124.5m, as contended by the Premier League, which exceeded the threshold of £105m permitted under the PSRs. The commission concluded that a sporting sanction in the form of a 10-point deduction should be imposed. That sanction has immediate effect.” Last month, the Premier League had recommended a deduction of up to 12 points for the Toffees, as they urged the independent commission to impose a severe sanction. Everton responded in a club statement that said: “Everton Football Club is both shocked and disappointed by the ruling of the Premier League’s commission. “The club believes that the commission has imposed a wholly disproportionate and unjust sporting sanction. The club has already communicated its intention to appeal the decision to the Premier League. The appeal process will now commence and the club’s case will be heard by an appeal board appointed pursuant to the Premier League’s rules in due course. “Everton maintains that it has been open and transparent in the information it has provided to the Premier League and that it has always respected the integrity of the process. “The club does not recognise the finding that it failed to act with the utmost good faith and it does not understand this to have been an allegation made by the Premier League during the course of proceedings. Both the harshness and severity of the sanction imposed by the commission are neither a fair nor a reasonable reflection of the evidence submitted. “The club will also monitor with great interest the decisions made in any other cases concerning the Premier League’s Profit and Sustainability rules.” Manchester City face 115 charges for allegedly breaching FFP rules in a case that has not yet been heard while Chelsea could also face charges relating to former owner Roman Abramovich’s reign. Everton had announced a total loss of over £300m for the three-year period from 2019 to 2022, far above the £105m permitted. However, clubs were also permitted additional losses related to the Covid-19 pandemic and infrastructure costs are exempt, meaning there is a grey area in terms of interest payments on the costs of building Everton’s new stadium. Everton contend that that is where the discrepancy lies and that it is a matter of the interpretation of accounting. In addition, Everton had a £200m pre-agreement for a naming rights deal for their new Bramley-Moore Dock stadium with USM, Alisher Usmanov’s company, which they had to abandon after Russia’s illegal invasion of Ukraine in February 2022. Everton have willingly operated under a de facto salary cap since then. The Premier League provided the club with financial guidelines and Everton have a net profit of £28m from the last four transfer windows – the third largest, after Leicester and Brighton, in that time. The Independent has previously reported that an extra layer of political pressure was exerted by the anticipated introduction of an independent football regulator – as laid out by prime minister Rishi Sunak in the King’s Speech earlier this month – with other figures in the sport believing the Premier League is attempting to show the government it can regulate itself. Eyes will now turn to Burnley, Leeds United and Leicester City, who had threatened to sue the Merseyside club for financial losses should they be found guilty of an FFP breach. Read More Watch: Everton CEO responds to Premier League after point deduction Everton vow to fight to ‘unjust’ Premier League points deduction Victor Lindelof: Scoring more goals is next step for Manchester United Sean Dyche: Everton are starting to show belief on the road after latest win Everton edge Crystal Palace in five-goal thriller On this day in 2014: David Moyes appointed Real Sociedad head coach

When describing my ideal nail polish color, there are certain adjectives I use on repeat. “Sheer,” “pearlescent,” and “chrome” are the typical trifecta, but my new favorite descriptor hits the sweet spot between a transparent gloss and opaque, veering towards a matte finish. In one word: “milky.”

Ann McGee, a New Yorker from the borough of Queens, doesn't like the recent sensation she has...

PARIS (Reuters) -French President Emmanuel Macron warned Iranian counterpart Ebrahim Raisi on Saturday about the consequences of delivering drones to

Thousands of people have been evacuated from their homes as firefighters struggle to contain a wildfire tearing through the Spanish Canary Islands. The fire began in La Palma early on Saturday and has already destroyed 4,500 hectares (11,100 acres) of land and at least a dozen homes. Earlier, some tourists were reportedly sent to hospital in Athens, Greece as they arrived in droves at the Acropolis even as the authorities shut the monument's gates between midday and early evening amid a severe heatwave. Kim Adams, visiting from Scotland told Sky News: “It’s quite difficult today, really very hot”. Temperatures in Italy are predicted to climb as high as 49C in Puglia, Sardinia and Sicily next week, as the heatwave gripping Southern Europe shows no sign of abating. Red alerts for extreme heat have been issued in 16 cities across Italy as the Mediterranean country is gripped by blistering hot temperatures. Read More Land temperatures in Spain surpass 60C as deadly heatwave sweeps Europe UK weather: Met Office issues two yellow warnings as Britons brace for ‘unusual’ winds Europe heatwave: Is it safe to travel to Italy, Spain, Greece and Croatia?

Mike Clevinger struck out 10 in seven sparkling innings, and the Chicago White Sox beat the Oakland Athletics 6-1 for a split of the four-game series between two of the worst teams in the majors

Kevin Federline was sued by Los Angeles-based private school West Valley Christian School for non-payment of $15k

Russian president Vladimir Putin said the plane carrying Wagner mercenary chief Yevgeny Prigozhin was blown up from the inside and fragments of hand grenades have been found in the bodies of those killed in the crash. This is the first time Mr Putin commented on the details of the plane crash that killed Prigozhin – the mercenary leader who had challenged his regime and launched a military coup by marching onto Moscow in a dramatic threat to the Kremlin not seen in decades. "Fragments of hand grenades were found in the bodies of those killed in the crash," Mr Putin told a meeting of the Valdai Discussion Club in the Black Sea resort of Sochi, but did not share any details on the type and number of hand grenades that could have been detonated on board. He denied an external influence or targeting of the plane from the outside. "There was no external impact on the plane – this is already an established fact," he said, rejecting assertions by unidentified US officials who said shortly after the crash that they believed it had been shot down. Mr Putin said the head of Russia’s investigative committee had reported to him a few days ago. The private Embraer jet carrying the Wagner leader and the mercenary group’s co-founder along with eight other people crashed north of Moscow on 23 August. All 10 people onboard were reported dead. Mr Putin also suggested that the remains of the passengers, including Prigozhin, should have been tested for alcohol and drugs. He said he thought investigators were wrong to have not carried out these tests on the bodies of those killed in the crash. "In my opinion, such an examination should have been carried out but it was not," he said. The searches of Wagner’s offices in St Petersburg by the FSB found 10bn roubles ($100m) in cash and 5kg (11 pounds) of cocaine, he said. The investigators of the crash have yet to report publicly on the cause. Neither Wagner nor Prigozhin’s family could be reached to comment on Mr Putin’s remarks. Prigozhin had claimed pride in casting Wagner as the world’s most war-hardened fighting force and was known to have carried out Russia’s dirty work in middle-east and Africa. The mercenary fighters waged a brutal battle – dubbed the “meat grinder” – in Bakhmut last year in winter, where they eventually handed Moscow its biggest territorial gain in many months. Just two months before his death, he had accused Mr Putin’s top military brass, defence minister Sergei Shoigu and general staff Valery Gerasimov of incompetence and warned that Russia could lose the war in Ukraine unless it raised its game. The brief mutiny against Russia’s defence establishment posed the biggest challenge to Putin’s rule since the former KGB spy came to power in 1999. According to the leaders in the West, not only did it expose the strains on Russia of the war in Ukraine, it also showed the worsening relations between the Russian president and his long-time stooge. Read More Putin’s ‘punishment battalions’ full of convicts and drunk recruits: ‘They’re just meat’ Wagner succession: Yevgeny Prigozhin’s son ‘set to be next mercenary boss’ Putin orders former Wagner commander to take charge of 'volunteer units' in Ukraine ‘Weak’ Putin killed Wagner mercenary chief Prigozhin, Zelensky says

By Ann Saphir Dallas Federal Reserve Bank President Lorie Logan on Tuesday said she supported leaving the Fed's

Ranking the best goals from gameweek 14 of the 2023 MLS season.