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Cargill to sell China protein business to private equity firm DCP Capital
Cargill to sell China protein business to private equity firm DCP Capital
BEIJING U.S. agribusiness giant Cargill has agreed to sell its protein business in China to private equity firm
2023-05-31 13:18
HSBC Returns to Private Banking in India to Tap Growing Wealth
HSBC Returns to Private Banking in India to Tap Growing Wealth
HSBC Holdings Plc said it began private banking operations in India, marking a return to the market as
2023-07-04 16:30
Why is everyone posting MrBeast on Instagram? The $10k giveaway explained
Why is everyone posting MrBeast on Instagram? The $10k giveaway explained
YouTuber and philanthropist MrBeast has become well known for using his wealth to help others and now with his latest giveaway, anyone with an Instagram account could be in with a chance of winning. The American content creator, whose real name is Jimmy Donaldson, has gained a huge following of more the 151 million subscribers sharing videos of his stunts and good deeds. In one recent video, he shared how he gave 1,000 deaf people hearing aids, as well as some additional cash to help them out. Sign up to our free Indy100 weekly newsletter Previously, the star has given away cars and even a private jet worth $2.5 million. Now his new giveaway has got people posting on Instagram, hoping they are the lucky winner. Why are people posting MrBeast on Instagram? As part of his new giveaway, MrBeast is offering to give out five lots of $10,000 to five different followers to celebrate his 25th birthday which he celebrated on 7th May. In an Instagram post, he explained: “It’s my birthday, so I’m giving away $50,000 to 5 followers! ($10,000 each!)” In order to enter the competition, you have 72 hours since it was posted (7 May) to share the post on your story and tag a friend in the comments section and follow MrBeast. MrBeast wrote: “All you have to do is share this to your story and tag someone in the comments! “Also, if you don’t follow me I can’t dm you the money if you win. Winners will be picked in 72 hours, will show proof!” At the time of writing, the post has 21.6 million comments as many people hope to be in with a chance of securing the money. Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings.
1970-01-01 08:00
The lesson Qatar has learned as Manchester United takeover bid enters final stages
The lesson Qatar has learned as Manchester United takeover bid enters final stages
Raine have continued talks with all bidders for Manchester United this week, as the prospective sale of the club enters its protracted final stages. Buyers have been reluctant to give a timescale on when they expect the process to be completed, as so many superficial deadlines have already passed. While most of the focus has been on Sir Jim Ratcliffe and Qatar’s Sheikh Jassim-fronted bid, those bidding for a minority are still in the race. Most notably, no party currently see themselves as out of it, even though the general feeling has been we are approaching the time when the Glazers are moving to “complete”. This confidence is most conspicuous with Qatar, given their camp didn't have that feeling two weeks ago. There was a widespread belief they were out of the race. The so-called “final take-it-or-leave-it” offer changed some thinking, and improved discussion. It is understood that offer is still of a lower overall value than that of INEOS, but the very fact that Qatar upped it at all is viewed as a strategic success for the Glazers. The involvement of Paris Saint-Germain’s Nasser Al Kehlaifi is also instructive, as it displays the Glazers’ intent to get Qatar to up the price. There is a view within industry circles that the United owners have long seen Ratcliffe as a “stalking horse” and that, if they are to actually sell, the intention has been to just gradually move Qatar up to the £6bn valuation. While Ratcliffe has made his valuation clear and can't really go past a certain point, after all, the Glazers are naturally conscious of Qatar's ultimately limitless wealth. It has ensured the process has become "a game", in the words of many sources. It is also why Qatar increasing their offer after the supposed last deadline is seen as a minor strategic victory for the Glazers. At the same time, there remains optimism within the INEOS camp, especially given the range of potential options they are giving the family. Avram and Joel Glazer, who are most attached to the club, could yet stay on. Chris Davidson, an academic expert on the Gulf who is a fellow at Durham University, believes the entire Qatar bid is a highly-calibrated approach that has been influenced by the purchase of Harrods in 2010. Now owned by the Qatar Investment Authority, the flagship department store was sold to Qatar Holdings for a reported £1.5bn. Sheikh Jassim’s father, the then Qatari Prime Minister Hamad bin Jassim bin Jaber Al Thani, actually flew to London to finalise the deal with Mohammed Al Fayed. The senior Jassim said at the time that Harrods would add “much value” to Qatar’s portfolio of investments, especially as a “historical place”, although Davidson points out how the state was derided for overpaying at the time. He believes this has influenced the United takeover process in two ways, both related to the image of the state. One is over the symbolism of the price. The second is over the idea of giving the impression of some separation, to put more searching questions at a distance. “They’re just calibrating their bid,” Davidson told The Independent. “They could blow anyone out of the water, but they’re calibrated to always be just a little bit around Ratcliffe. "It’s a very different approach. I think this is an example of Qatar learning a lesson they found out the hard way on Harrods, where they were repeatedly pilloried for having overpaid. They really wanted Harrods. It’s a particularly glamorous brand for people from the Gulf. The status it has given them among their Gulf rivals – not so much in the UK – is enormous. They were willing to overpay for that. I’m sure they’d be willing to overpay for Man United, too, but I think this was a case of having learned their lesson.” This then plays into another strategic purpose, which is putting a perceived difference between the bid and the state. It is all the more important given the greater focus on state ownership in sport, especially with Manchester City’s landmark treble victory and Saudi Arabia’s recent escalation in its sporting investments. One of the points that has been made about the Ratcliffe offer is that it would be much quicker and cleaner to do, as there would be no resistance from other clubs, nor human rights-related issues. The Premier League in March updated its Owners and Directors Test to include a new provision based on Global Human Rights Sanctions Regulations in 2020. Qatar has faced huge criticism from groups such as Amnesty and FairSquare, with that debate framing the entire 2022 World Cup. “By calibrating it, it just allows them to hover under the radar of being so obviously a state-backed entity, “ Davidson explains. “If they said ‘right, we want it’ just as they did with Harrods, and did a bid that blew everyone out of the water, it would be pilloried for being an uncompetitive offer that reflects badly on Qatar. It’s an ongoing calibration as far as I can see… enough to win the bid without attracting too much negative attention or too much attention it is ultimately state wealth. “If they calibrate their offer, one of the talking points becomes that it essentially can’t be state backing. Otherwise they’d throw even more of it. It’s clearly a stalking point bidding process.” INEOS are optimistic that is not the case and they have a real chance. Much will depend on how greatly the Glazers actually want to sell, which has remained a huge question throughout all of this. There remains a belief within the club itself that the Glazers’ preference is to just raise enough investment to redevelop Old Trafford but retain control. It is the poor state of the ground that has actually brought them to this point, after all, as it has started to affect revenue. Many in United’s hierarchy have taken note of just how impressive the new Tottenham Hotspur Stadium is, and what a revenue-machine it is for the London club. The current Old Trafford can’t offer that, and it was symbolic that it has been passed over for the Euro 2028 plans. That awareness runs alongside a persistent belief at the top of the game that elite clubs will see their value greatly rise in the years to come, particularly with the evolution of telecommunications and virtual reality technology. One industry source says that the new Chelsea owners were so keen to invest in the club – even for the much-pilloried £600m this season – because they believe they have bought an asset that could soon be worth £9bn for £2.5bn. The Glazers are conscious of this, too. While there had previously been a belief that the market for clubs had bottomed out, and that a sale now could offer a remarkable sum for each of the six siblings, there is also the view that this could just be a bad time to sell. They may miss out on huge future earnings. While this has been discussed among the Glazers, though, nobody really knows what they are thinking. That is especially true of the bidders now, since multiple sources maintain “you never know where you are in the race”. All of this will only become apparent whenever it ends, which is right now as much of an unknown. The hope is it’s this week, but that’s been said before, through multiple weeks. Read More Sheikh Jassim bid still on table as Manchester United takeover tests patience The year that sportswashing won: A season that changed football forever FA Cup final reveals key summer questions for Manchester United Football rumours: Arsenal closing in on Declan Rice for club-record fee Michael O’Neill expects Ethan Galbraith to flourish after Manchester United exit Manchester City’s treble winners arguably greatest ever English team – Joe Royle
2023-06-13 16:43
Who is Jonathan Glazer? Cannes-winning British director
Who is Jonathan Glazer? Cannes-winning British director
Jonathan Glazer, who won the runner-up prize at this year's Cannes Film Festival on Saturday for his Holocaust drama "The Zone of Interest", has made just a...
2023-05-28 03:53
RBC BlueBay Bets BOE Rate Rises Are Overdone and Warns of Crisis Risks
RBC BlueBay Bets BOE Rate Rises Are Overdone and Warns of Crisis Risks
RBC BlueBay Asset Management LLP is betting the Bank of England won’t raise interest rates as much as
2023-07-04 19:47
What time is the Europa League group stage draw today?
What time is the Europa League group stage draw today?
The Europa League is nearly upon us for the new 2023/24 season, with the group stage draw set to take place in Monaco on Friday. Four British sides will be in the hat: Liverpool and Brighton finished fifth and sixth respectively in the Premier League to qualify for the Europa League, while West Ham won the Europa Conference League to book their spot. Rangers finished runners-up in the Scottish Premiership to reach the Champions League play-offs, but they lost to PSV Eindhoven. For the final time before the competition takes on the new Swiss-system format next season, 32 teams will be split into eight groups of four. Each group will contain one team from each of the four seeded pots, and clubs from the same national league will not be drawn together in the same group. The final will take place at the Aviva Stadium in Dublin on 22 May 2024. Get all the latest football betting sites offers here or sign up to bet365 using The Independent’s unique bonus code by clicking here. When is the Europa League draw? The draw for the group stage will take place in Monaco on Friday 1 September, at 12pm BST. Which clubs have qualified? There were 22 clubs qualified directly for the Europa League group stage, with ten play-offs deciding the remaining places. England: Brighton, Liverpool, West Ham Spain: Real Betis, Villarreal France: Marseille, Rennes, Toulouse Italy: Atalanta, Roma Germany: Freiburg, Leverkusen Austria: Sturm Graz, LASK Azerbaijan: Qarabag Belgium: Union Saint Gilloise Czechia: Sparta Prague, Slavia Prague Cyprus: Aris Limassol Greece: AEK Athens, Panathinaikos, Olympiacos Israel: Maccabi Haifa Moldova: Sheriff Netherlands: Ajax Norway: Molde Poland: Rakow CzÄ™stochowa Portugal: Sporting CP Scotland: Rangers Serbia: TSC Sweden: Hacken Switzerland: Servette What are the Europa League group stage dates? Matchday 1: 21 September Matchday 2: 5 October Matchday 3: 26 October Matchday 4: 9 November Matchday 5: 30 November Matchday 6: 14 December Read More Unai Emery keen for extended European run with Aston Villa How to watch the Europa League group stage draw on TV and online On This Day in 2016: David Luiz returns to Chelsea Rangers fail to qualify for Champions League after thrashing by PSV Eindhoven Football rumours: Tottenham take pursuit of Brennan Johnson to deadline day Premier League leads the way as global transfer spending record smashed
2023-09-01 14:28
Ronald Davis: Pennsylvania trooper arrested for committing mistress to mental facility by 'painting her as crazy'
Ronald Davis: Pennsylvania trooper arrested for committing mistress to mental facility by 'painting her as crazy'
Authorities revealed that Davis was married and had a family in Dauphin County when he started a four-month-long intimate relationship with the victim
2023-09-25 18:44
Barcelona 3-0 Real Madrid: Xavi & Carlo Ancelotti react to pre-season Clasico
Barcelona 3-0 Real Madrid: Xavi & Carlo Ancelotti react to pre-season Clasico
How Xavi & Carlo Ancelotti reacted to Barcelona beating Real Madrid 3-0 in pre-season Clasico in United States tour.
2023-07-30 17:45
Fifa confirms hosts of first 32-team Club World Cup in 2025
Fifa confirms hosts of first 32-team Club World Cup in 2025
The United States will host Fifa’s new, expanded Club World Cup in 2025, football’s global governing body has announced. Fifa president Gianni Infantino confirmed the 32-team tournament on the eve of the 2022 World Cup final. It is set to feature 12 European clubs, including the last three Champions League winners Chelsea, Real Madrid and Manchester City. The USA will co-host the 2026 World Cup alongside Canada and Mexico. The dates for the new tournament have not yet been confirmed, but it is expected to fill the summertime slot left open by the now-defunct Confederations Cup. The European Club Association has backed the plans but the World Leagues Forum expressed concern over the “unilateral” decision of Fifa to place the new event in the calendar. “The Fifa Club World Cup 2025 will be the pinnacle of elite professional men’s club football, and with the required infrastructure in place together with a massive local interest, the United States is the ideal host to kick off this new, global tournament,” said Infantino. The formal launch of the bidding process for the 2030 World Cup has been delayed, with the bidding regulations now not being presented for approval until the next Fifa Council meeting in September or October. The appointment of the hosts by the Fifa Congress has also now been delayed until the final quarter of next year. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
2023-06-23 23:58
Packers injury update is best news Jordan Love has received all season
Packers injury update is best news Jordan Love has received all season
Jordan Love received fantastic news: two of the Packers' top offensive players, Aaron Jones and Christian Watson, will be returning for the Week 4 matchup against the Lions.
2023-09-27 03:27
AmEx names insider Christophe Le Caillec as CFO after Campbell decides to retire
AmEx names insider Christophe Le Caillec as CFO after Campbell decides to retire
Credit card giant American Express Co said on Tuesday Chief Financial Officer Jeffrey Campbell has decided to retire
2023-06-27 20:01