BOSTON & LOS ANGELES--(BUSINESS WIRE)--Jun 21, 2023--

The Federal Reserve could leave interest rates at peak levels past the point necessary by misjudging oil-market dynamics. Plus, investment newsletter commentary on AI monetization, real estate bargains, and gold-market trends.

NEW YORK U.S. mortgage rates fell for the third-straight week this week to the lowest since late September,

Western Global Airlines LLC founder and Chief Executive Officer Jim Neff bought the cargo airline’s deeply distressed secured

The United Auto Workers union’s tentative agreements with Detroit’s three automakers include a new benefit: two weeks of

ATLANTA--(BUSINESS WIRE)--May 18, 2023--

By Jonathan Stempel NEW YORK New York state's attorney general on Friday said Donald Trump may have fraudulently

The Premier League has been repeatedly advised to establish an independent unit in order to speed up complex financial cases such as those involving Manchester City and Everton, as the planet’s most popular competition could be mired in legal uncertainty for years to come. The Independent has been told a core of clubs have been pressing the argument, but that has so far gone unheeded. The sight of chief executive Richard Masters on Sunday presenting the trophy to City - as the club also became the first champions in that situation to also be facing charges that, if proven, could yet see them expelled from the competition - has again raised questions about the Premier League serving as organiser, regulator, investigator and prosecutor. A number of clubs are understood to be increasingly “furious”, particularly with reports of recent delays to the process. It also leaves open the possibility that all of the Premier League’s key battles - the title, Champions League and relegation - could be settled for this season amid regulatory uncertainty about the future. While City face 115 charges related to Financial Fair Play rules and Everton have been referred to an independent commission for an alleged breach of Profit and Sustainability rules, Masters has previously refused to confirm whether it is investigating Newcastle’s ownership after US court documents from majority owners Public Investment Fund appeared to contradict the Premier League’s “legally binding assurances that the Kingdom of Saudi Arabia will not control” the club. Both City and Everton have strenuously denied any wrongdoing. The key for many others, however, is that it leaves a cloud over everything that happens. A strident view within legal circles is that the nature of cases like those involving City and Everton is so financially complex that it goes beyond general sporting disciplinary issues, and requires specific financial experts involved from the outset rather than just heavyweight legal figures. This is why Uefa and the EFL have two independent bodies, with the continental federation setting up the Investigatory and Adjudicatory Chamber and the English body mirroring that with Club Financial Review Panel and Club Financial Review Unit. Such units both speed up processes but also take discretion away from the boards, ensuring - in the words of the EFL’s own announcement - “consistency and independence”. A number of Premier League club employees have been pointing to this, as the perception grows that City’s strategy is again one of obstruction, just as Uefa figures have spoken about. Several sources describe it as a “mess”, with the competition facing pressure from both sides, but one that was “foreseeable and avoidable”. Some of Everton’s Premier League rivals have meanwhile requested their case be fast-tracked, so that everything can be settled before the end of the season. Should the Goodison Park club go down, the EFL would not be able to pursue the case, although it is understood the commission would continue. An illustration of how this could cause other complications, however, is that if the case did then conclude with Everton being issued with a points deduction, that would not apply in the EFL. It would have to wait until a period when the club returned to the Premier League. As it stands, commissions are appointed to deal with all disciplinary issues in the elite competition. Whereas the panel to form these commissions used to be recommended by the league and approved by the clubs, with the Premier League itself then selecting the individual from that panel for the relevant issue, this was changed in early 2020. A fully independent chair appoints legal and financial experts onto the Judicial Panel, and it will be then up to him to decide who should go on the Commission. It is Murray Rosen KC’s appointment as chair that City are reported to have objected to, due to the fact he is an Arsenal fan. The argument is this process has evolved to become more independent, and a stance within the Premier League has been that the clubs prefer the board to handle various issues. There is increasing debate about that, though, as figures at clubs have become frustrated with proceedings. One counter-argument is that the commissions have always been independent, but what is so important about independent units is that they do investigations and prosecutions. Some Premier League executives have also pointed to how the case of Reading in the EFL was dealt with in a few weeks, whereby the club was issued a second six-point penalty after failing to satisfy a business plan agreed after a historical breach of Profit and Sustainability limits. “You can’t have the same people charging clubs and helping them through processes,” one source said. “It’s obvious.” Beyond that, several sources have spoken of how the Premier League’s legal workload has significantly increased with the case. Some figures in that area have spoken of how it reflects the transformed role of the competition. Whereas it used to almost be a partners’ group whose main business was actually selling media rights, with many historically having boasted of their streamlined team, it has grown into one that has to deal with the most complex legal and financial cases. “It needs specialists and hard-nosed litigators who will scare the hell out of clubs to keep them in line,” was one view. Read More Financial charges cast cloud over Man City's dominance in English soccer Man City’s quest for legitimacy is a battle they may never win Five titles in six years: Are Manchester City destroying the Premier League? Newcastle vs Leicester LIVE: Latest Premier League updates Brighton’s top talents may move on before European challenge – Roberto De Zerbi Bad decisions and poor signings – where has it gone wrong for Leeds?

The prime suspect in the Madeleine McCann case can be tried over a separate string of alleged sex offences in Portugal, a German court has ruled. The decision overrules the northern city of Braunschweig’s state court’s prior ruling that it did not have the jurisdiction, because suspect Christian Brueckner did not live there. The court had argued its supposed responsibility for the case had been based on the suspect’s last residence before he went abroad and subsequently to prison. However, further evidence of a later residence in the neighbouring state of Saxony-Anhalt, where Brueckner was registered as the owner of a property that he kept after going abroad, means it can hear the case. In October 2022, prosecutors charged the 45-year-old – who is currently serving a seven-year sentence for a rape he committed in Portugal in 2005 - in several separate cases involving sexual offences allegedly committed there between 2000 and 2017. Brueckner hasn’t been charged in the McCann case, but he remains under investigation for murder. He has denied any involvement in her disappearance but is believed to have lived in Portugal between 1995 and 2007. He was first named in connection with the unsolved mystery in summer 2020, and officially named as a suspect last year. His yellow and white VW T3 Westfalia campervan was reportedly identified as having been near to the Praia da Luz resort where Madeleine went missing. German prosecutors say telecomms data shows Brueckner received a phone call on 3 May 2007 – the day that Madeleine went missing - near the Praia da Luz holiday apartment. But he reportedly claims to have been miles from the scene with a young German woman. In April 2022, he was jailed for the rape of a 72-year-old woman in the same resort. In total, it is believed he has 17 convictions including burglary, and he has also been linked to other disappearances of children. Read More Madeleine McCann prime suspect case ‘on verge of collapsing’ Detectives searching for Madeleine McCann give update after scouring reservoir Madeleine McCann case: Timeline of the missing child’s disappearance How much has the Madeleine McCann investigation cost? Who is Christian Brueckner? Madeleine McCann suspect and the accusations against him Madeleine McCann suspect ‘said she didn’t scream’ when kidnapped, friend claims in explosive interview

Here's a breakdown of whether or not Heirlooms do any extra damage in Apex Legends.

The Banc of California has agreed to buy PacWest Bancorp in an all-stock transaction, bringing an end to months of speculation about whether PacWest could survive on its own after the failures of three other regional banks this spring

Arsenal are within touching distance of qualifying for the Champions League knockout stages after Leandro Trossard and Bukayo Saka clinched a 2-0...