List of All Articles with Tag 'a'

Beijing is once again trying to have it both ways.

Call it a belated birthday present, perhaps. Sir Jim Ratcliffe turned 71 on Wednesday. For those who have amassed such riches, it is less a question of what others buy them and more what they buy for themselves. And in Ratcliffe’s case, at a cost of £1.3bn, the answer may be a quarter of the club he has supported since he was a child in Failsworth. There are details to iron out and no deal will be finalised just yet but the Manchester United board will vote – though probably not on Thursday – whether to accept Ratcliffe’s offer. The petrochemicals billionaire has already seen off his main competitor: if there was a widespread assumption – one that may have been shared by the Glazer family – that Sheikh Jassim bin Hamad al Thani would dramatically raise a bid that many believed was financed by the Qatari state, it never happened. Ratcliffe has been a triumph of persistence and flexibility, amending his own offer from a majority to a minority stake, negotiating with the Glazers. It comes to something when a man of his wealth feels like the underdog but the outsider has prevailed. While Sheikh Jassim also presented himself as a United supporter and while Ratcliffe had attempted to buy Chelsea, the Ineos co-founder has the feel of the local boy made good. And, at points in the past, a place on a football club board would have felt a reward for many who matched that description. Now the sums are so massive that the motivations become most instructive. Thus far, the questions outnumber the definitive answers. Will United be a trophy asset for Ratcliffe? Perhaps not immediately, given that the Glazers will remain the biggest shareholders, at least in the short term. Is it simply an astute business deal? Not on the face of it, given that Ratcliffe has valued United at around double its market price and Sheikh Jassim felt the Glazers’ demands were outlandish. Yet Ratcliffe has proved he can make money: that 25 per cent could yet yield a profit and the Glazers’ reluctance to walk away seemed to stem in part from a belief the club will be worth more again in the future. The most pertinent issue for many supporters, who have long called for the Glazers to go, is whether it leads to a full takeover; and if so, whether the terms of Ratcliffe’s buy-in ensure it, or merely make it optional. Moreover, the new structure, assuming it is improved, does not necessarily promise the investment United require: with other parties holding 75 per cent of the club, Ratcliffe would have less incentive to put his own money in. The presumption at the moment is that the £1.3bn will largely go to the Glazers, not United. The general sense is the club need the money more than their owners. Sheikh Jassim’s promises will now never be tested but he had pledged to invest more than £1bn; with the need to either revamp or rebuild Old Trafford, any plans to improve the infrastructure the Glazers have neglected will not be cheap. So if Ratcliffe pursues such plans, will the debt – currently at £725m – rise over £1bn? United’s current scope for signings is limited more by Financial Fair Play than anything else, but could he bring an improvement in recruitment? The feeling is that Ratcliffe wants control of the football side of the club, where United’s underachievement has been particularly grievous in the last decade. Would that be beneficial? Given United’s record, it may be welcomed. Ratcliffe’s own record in sport is mixed: Nice are currently second in Ligue Un but their fortunes have fluctuated during his ownership and have been pockmarked by transfer-market missteps. Lausanne have been both relegated and promoted under Ratcliffe’s regime. He bought the most successful outfit in world cycling, then known as Team Sky; since rebranded as Ineos, but they have lost their pre-eminence and appear in an identity crisis. But if his initial emphasis is on the pitch – rather than the commercial side of the business the chief executive, Richard Arnold, oversees – there is an obvious focus on the director of football, John Murtough. Inside Old Trafford, there is already a recognition the team has achieved too little and their record in recruitment has been underwhelming since Sir Alex Ferguson retired. Some nevertheless feel that there is more structure and strategy since Ed Woodward handed over the reins: they can point to a new training centre for the women’s and academy teams, the appointment of Erik ten Hag, and a fine season last year. Yet a stumbling, stuttering start to this season, the struggles of several recent signings and the reality that around £400m has been spent in the last two summers feels ill-timed. Accusations United have overpaid are scarcely new but will it prompt Ratcliffe to seek change behind the scenes? The initial noises are that, despite the team’s slump, Ten Hag is seen as far more of a solution than a problem, though it would be instructive to know if that stance were maintained should the next 10 games bring another six defeats. Shifts in ownership do not always bode well for incumbent managers, whereas the Dutchman has enjoyed the backing of Murtough and the Glazers. Ten Hag always projects an air of confidence and decisiveness but many at Old Trafford could be forgiven for wondering what Ratcliffe’s investment means and what comes next. If it has scarcely helped United that they have lingered in limbo for 11 months, since the Glazers put the club up for sale, a boardroom vote could instead bring about a time of uncertainty. Read More The best in the world? Jude Bellingham sparks debate after latest England masterclass Man Utd set timeline to decide on Sir Jim Ratcliffe offer Manchester United Supporters’ Trust calls for ‘clarity’ in takeover process Man Utd manager fumes at Women’s Champions League format after exit Who will make Gareth Southgate’s England squad for Euro 2024? Michael O’Neill wants Shea Charles to learn from dismissal on frustrating night

Shares have tumbled in Asia following a retreat on Wall Street after big U.S. companies delivered mixed profit reports and Treasury yields added pressure on stocks

Egyptian stocks rallied to fresh highs this week even as tensions escalated in the Middle East, as local

Taiwan Semiconductor Manufacturing Co. projected quarterly revenue ahead of analysts estimates, reflecting expectations for an improved chip market

Hundreds of properties are damaged by floods in the Republic of Ireland, as a rain warning for NI continues.

Schroders Plc’s total assets slipped about 0.2% in the third quarter, extending their losing streak after a first-half

SHANGHAI The People's Bank of China (PBOC) is widely expected to leave loan prime rates (LPR) unchanged at

The Bank of Korea is poised to hold its benchmark interest rate steady as it seeks to quell

Turkish firm Karpowership puts the lights back on after the government partially settles a $15m debt.

Trends come and go, but if you had to bet all your chips on one colour never going out of fashion, you can bank on black. And as designers ditch colour in their collections and crave the fluid, liquid lines of fashion’s darkest and most addictive shade, you can embrace mood-boosting monochrome and jet black without any fear of making a fashion faux pas – or bad buy. From a showy shoulder at Balmain – who would have thought that a PVC maxi dress could look even more sultry? …To sexy, slinky sequins at Michael Kors; tailored, long black coats (LBC) at Max Mara, Dolce & Gabbana, Victoria Beckham and Prada, black is more than a shot in the dark this season – and the devil is in the detail. To get the catwalk look, here’s what’s hot on the high street and will make a great first impression… Black blazer Call it the power blazer, Le Smoking, or straightforward tailored trouser suit, this is your wardrobe staple to look sharp. “The trouser suit is an icon of sophistication and confidence,” says Zoe de Abreu, co-founder of Ro&Zo. “A black blazer matched with trousers will be the perfect companion for all occasions, as it transcends perfectly from day to night.” For a dare-to-bare aesthetic, go topless underneath – apart from a sexy black bralette – and accessorise with a cosmic choker or pukka set of pearls. Ro&Zo Black Belted Blazer, £129; Black Pleat Detail Trousers, £109. Reiss Alia Slim Fit Single Breasted Satin Suit Blazer, £268; Alia Flared Satin Waistband Suit Trousers, £178. Showy shoulder “The off-shoulder trend takes on a new dimension this autumn, adding a feminine touch to seasonal wardrobes,” opines de Abreu. She says this trend is elegant and feminine, and can be worn in a range of textures, such as jersey, velvet and Merino wool. Moreover, baring a shoulder is very flattering – the neckline lengthens the neck, frames the face – and is a great transitional, versatile piece with a good measure of va-va-voom. Ro&Zo Black Jersey One Shoulder Top, £49; Ombre Sequin Skirt, £129. Reiss Adele Velvet Off-The-Shoulder Jumpsuit, £178. Luxe lace Ladylike lace has been reimagined with trims adorning jersey and velvet – and it’s made a beeline for the little black dress. Whether a flattering midi dress is crafted from a luxuriously soft jersey that contours your curves, “A delicate lace-tiered hem adds a dramatic finishing touch,” says Karen Peacock, chief creative officer and co-founder, Albaray. Or embellished on the neckline and hemline of velvet, sheer lace channels some vintage charm with the X-factor. In fact, if you’re feeling thrifty, be inspired by ribbon and trim shops and think about sewing a lace trim on an existing black dress for an instant update. Albaray Jersey & Lace Mix Dress, £89. LK Bennett Anouk Black Velvet And Lace Dress, £429. Sparkle Whether you go full-out sequins or dazzle in rhinestones, a sexy shimmer is where it’s at. “For autumn, sequins really capture the essence of festivity, allure and drama,” notes de Abreu. “Sequins are all about adding a touch of glamour to your look, and letting your outfit take the centre stage.” Moreover, “A flattering silhouette is created with a sequin halter top and matching flared trousers,” says Peacock. “Wear together to make a statement, or dress down and style with jeans or a simple T-shirt,” she adds. Next Flutter Sleeve Tie Waist Mini Dress, £60. Albaray Sequin Top, £69; Sequin Trousers, £99 – available mid-October. Long black coat A long black coat may not set your pulse racing, but the LBC took to the runway in its droves, with designers making it a key piece in their collections. And let’s face it, nothing looks more elegant or grown-up than wrapping yourself in wool. Just make sure it’s calf-length or longer. As Peacock puts it: “A sharply tailored black coat is a true investment piece, which is both functional and stylish.” “With the ability to style casually or formally, it will be a go-to during the colder months for years to come.” Next Belted Long Coat, Black, £62. John Lewis Hand Finished Robe Belt Wool Blend Coat Black, £159; other items from a selection Read More How to prep your home for when the clocks go back Menopause campaigner Mariella Frostrup: ‘I look forward to a future where women gradually stop feeling so ashamed’ More girls miss school and college due to their periods than colds, survey finds More girls miss school and college due to their periods than colds, survey finds How to look after your immune system as the weather changes How to protect your plants as the first frosts arrive

TAIPEI (Reuters) -Taiwanese chipmaker TSMC posted a smaller-than-expected 25% fall in third-quarter net profit on Thursday, raising hopes that a