Marketmind: Fed hawks, China tensions keep markets under pressure
A look at the day ahead in European and global markets from Kevin Buckland U.S. policymakers are stealing the spotlight
2023-07-06 12:48
'Couldn't love you more': Country singer Luke Combs and Nicole Hocking welcome second child together
Luke Combs and Nicole Hocking tied the knot on August 1, 2020, after two years of engagement
2023-09-01 20:03
US and Taiwan Agree on Trade Initiative in Bid for Closer Ties
The US and Taiwan agreed to boost trade ties, the first tangible results under an initiative announced last
2023-05-19 05:00
Exclusive: John Kelly goes on the record to confirm several disturbing stories about Trump
John Kelly, the longest-serving White House chief of staff for Donald Trump, offered his harshest criticism yet of the former president in an exclusive statement to CNN.
2023-10-03 05:00
Champions League would be a ‘circus’ if played outside Europe, says Bayern chief
The Champions League risks becoming a travelling circus if matches are taken outside Europe, according to the boss of one of the continent’s leading clubs. UEFA president Aleksander Ceferin hinted in April that a Champions League final could be played in the United States in the future, while sources close to the European Club Association have also spoken favourably about playing a revamped Super Cup in the US in the years ahead. However, the chief executive of Bayern Munich, Jan-Christian Dreesen, gave the idea short shrift at the ECA’s General Assembly in Berlin on Thursday. “For sure we have to develop our tournament, but on the other side my personal view is quite clear. We are not the Cirque du Soleil,” he said. “We have a European championship, and we have to play our matches in Europe.” Dreesen, one of the ECA vice-chairs, also insisted European football did not need to be “afraid” of the rising influence of the Saudi league, with its clubs having spent more than £700million on Europe-based players this summer. “I think we shouldn’t be worried about that,” he added. “We will have to see in the future if it’s sustainable and then we will handle it. And as Nasser (Al Khelaifi, ECA chairman) has said already, we have a fantastic competition, we have this tradition with the European clubs, so we don’t have to be afraid.” UEFA announced a new Memorandum of Understanding with the ECA on Wednesday which included an agreement on how money earned from European club competitions should be split. Solidarity payments to clubs not playing in European competitions will rise from four to seven per cent in the 2024-27 cycle, while there is also a combined 10 per cent uplift in the percentage of revenue set aside for participation and performance. The proportion allocated to clubs based on their historic coefficient and the size of their country’s television market pool will be reduced by the same amount. While the new distribution model has been widely welcomed, two bosses from mid-sized European clubs said the disparity in revenues between domestic leagues was the bigger issue affecting competitive balance across the continent. Celtic chief executive and ECA vice-chair Peter Lawwell said: “Celtic as the champions in Scotland receive just over £3m, if you are relegated from the EPL (English Premier League) you get £140m. “The main factor is the domestic competitions.” Dariusz Mioduski, the president of the management board at Polish club Legia Warsaw, added: “What has been done now with the (European) distribution….doesn’t fix the leagues. It will never fix the problem. “This is the challenge for Europe in the future to look at that because today what you have is an inherent issue in European football where clubs are limited in their revenues to the domestic markets but they have to compete across Europe for talent. “Unless you somehow fix that, or at least address it, the problem will be getting bigger and bigger and there is no way to fix it by sharing more and more money through European competitions, it has to be done through something else.” ECA chair Al Khelaifi was asked whether he expected the three clubs still outside the organisation following the 2021 Super League breakaway attempt – Barcelona, Juventus and Real Madrid – to have returned within a year’s time. Juventus have begun the process of leaving the Super League, but have not yet been readmitted to the ECA. “They (the three clubs) are most welcome back,” Al Khelaifi said. “(They were a group of) three, but now only two. So every six months there’s one less, which is good. They are going slowly, but in the right way.” Earlier in the day, Manchester City chief executive Ferran Soriano was elected as the Premier League’s sole representative on the ECA board. Lawwell and Arsenal chief executive Vinai Venkatesham were appointed to the separate ECA-UEFA Joint Venture board which manages commercial matters related to Europe’s club competitions. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Rory McIlroy: Late birdies glossed over a pretty average day at Irish Open France ready for ‘wonderful’ World Cup opener with New Zealand – Fabien Galthie Johnny Sexton to make Ireland return in World Cup opener with Romania
2023-09-07 20:54
Russia strikes Ukraine's Danube port, sending global grain prices higher
By Pavel Polityuk KYIV Russia attacked Ukraine's main inland port across the Danube River from Romania on Wednesday,
2023-08-02 18:19
'He is an a**h***': Nick Cannon slammed for body shaming 50 Cent on podcast after Vivica Fox opened up about wanting to date rapper again
Nick Cannon's body-shaming remarks about 50 Cent left the rapper's followers dismayed and prompted an outpouring of agony-filled comments on his Instagram
2023-06-14 15:58
Christina Hendricks fans speculate she's on Ozempic as star appears slimmer in Instagram post: 'That’s some weight loss'
Christina Hendricks is the latest Hollywood celebrity to be accused of using the controversial prescription medicine off-label to slim down
2023-07-05 18:39
The best laptop deals for June 2023: Apple's new 15-inch MacBook Air is already on sale
UPDATE: Jun. 9, 2023, 5:00 a.m. EDT This story has been updated with the latest
2023-06-09 17:00
Warzone Golden Plunder LTM Explained
Warzone is adding a brand new limited-time game mode, Golden Plunder.
1970-01-01 08:00
Three cheetah cubs die in India amid sweltering heat wave
Three cheetah cubs born to a big cat brought to India from Africa last year died in the past week in central India’s Kuno National Park
2023-05-26 14:40
Jimmy Kimmel trolls George Santos ahead of House vote on expulsion: 'Have a good time in jail'
Republican Rep George Santos remains defiant as the House will take up a third resolution to expel him
2023-12-01 18:09
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