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Royal’s Firm Drags Down Abu Dhabi Index After 42,000% Rally
Royal’s Firm Drags Down Abu Dhabi Index After 42,000% Rally
A group of companies controlled by an influential member of Abu Dhabi’s royal family have shed $30 billion
1970-01-01 08:00
COP28’s Al Jaber Gets Pushed Harder for Ambitious Climate Deal
COP28’s Al Jaber Gets Pushed Harder for Ambitious Climate Deal
The United Arab Emirates is coming under increasing pressure to achieve ambitious results when it hosts the COP28
1970-01-01 08:00
China’s Worse-Than-Expected Exports Deal New Blow to Economy
China’s Worse-Than-Expected Exports Deal New Blow to Economy
China is facing pressure on trade as foreign shipments drop off and domestic demand remains weak — and
1970-01-01 08:00
Ultra-Rich Are Betting the Next Big American Sport Is Cricket
Ultra-Rich Are Betting the Next Big American Sport Is Cricket
Anurag Jain has loved cricket his entire life, but after learning how much players made he ditched his
1970-01-01 08:00
IEA Cuts Global Oil Demand Outlook for 2023 as Economy Slows
IEA Cuts Global Oil Demand Outlook for 2023 as Economy Slows
Global oil demand won’t grow as fast as previously expected this year due to the faltering economies of
1970-01-01 08:00
BlackRock, KKR Near Sale of Adnoc Oil Pipeline Stake to ADQ
BlackRock, KKR Near Sale of Adnoc Oil Pipeline Stake to ADQ
BlackRock Inc. and KKR & Co. are nearing a deal to sell their multibillion-dollar stake in Abu Dhabi
1970-01-01 08:00
CQS Explores Selling Parts of $15 Billion Fund Business
CQS Explores Selling Parts of $15 Billion Fund Business
Billionaire Michael Hintze’s CQS is exploring options including selling part of its asset-management business, according to people with
1970-01-01 08:00
Australia Seeks Closer Scrutiny of Pension Funds’ Private Assets
Australia Seeks Closer Scrutiny of Pension Funds’ Private Assets
A government review warned that Australia’s pensions regulator must better identify emerging systemic risks in the A$3.5 trillion
1970-01-01 08:00
NBA Top Shot Creator Dapper Labs Cuts Jobs in NFT Downturn
NBA Top Shot Creator Dapper Labs Cuts Jobs in NFT Downturn
Dapper Labs Inc., creator of the NBA Top Shot marketplace for nonfungible tokens, announced further jobs cuts amid
1970-01-01 08:00
Sarina Wiegman keeping out of discussions over World Cup bonuses
Sarina Wiegman keeping out of discussions over World Cup bonuses
England manager Sarina Wiegman insisted she has not waded into a rumoured row surrounding World Cup bonuses. Wiegman’s side open their campaign in earnest on July 22 when they face Haiti in Brisbane, but they will first take on FIFA world number-seven ranked Olympic champions Canada behind closed doors on Friday at Queensland’s Sunshine Coast stadium. Some reports ahead of England’s arrival Down Under claimed the Lionesses were unhappy with the Football Association about performance-based payments, but Wiegman was adamant it has not been a topic of discussion in camp. “Players haven’t spoken to me about it,” she told Sky Sports. “We’ve been focusing on football and that is what I have seen. “They’re focused on football in meetings. I don’t see any problems. I know that it is something that needs to be solved and I hope for a quick solution. “I am not involved in those discussions. I hope it’s solved quickly before the tournament starts.” Under a new model, players will receive payments directly from FIFA, with amounts increasing the deeper teams go in the tournament. They range from 30,000 US dollars (£23,367) per athlete for the group stage to USD 270,000 (£210,305) allotted to each champion. Previously, it was up to individual national governing bodies to decide how money was allocated. Some federations have agreed to additional payments in 2023, though multiple reports have suggested the FA has no current plans to do the same. The PA news agency has contacted the FA for comment. The Dutch boss, who led England to their first major trophy at last summer’s home Euros, was more forthcoming when asked how her team feels about FIFA’s solution to the ‘One Love’ armband debate that swirled around the men’s World Cup in Qatar last autumn. Captains of the nations involved in the ‘One Love’ campaign, including England and Wales, were threatened with sporting sanctions starting at a yellow card if the rainbow bands were worn, because they would have been a breach of FIFA equipment regulations. The bands were seen as a potent symbol of tolerance in a country where same-sex relationships are criminalised. Instead, FIFA has partnered with the UN to create eight stakeholder-sanctioned armbands that can be swapped out or worn throughout the month-long tournament co-hosted by Australia and New Zealand. Alongside inclusion, the other causes being highlighted are ‘unite for indigenous peoples’, ‘unite for gender equality’, ‘unite for peace’, ‘unite for education for all’, ‘unite for zero hunger’, ‘unite for ending violence against women’ and ‘football is joy, peace, love, hope and passion’. Team captains will also have the option to wear a ‘football unites the world’ armband for the entire tournament, if they do not wish to choose a single cause or support different causes round by round. None directly advocate for the LGBTQ+ community, of which a record number of players in the 2023 World Cup – including some Lionesses – are a part, so the decision has drawn some criticism. Wiegman added: “I think the players are happy with the solution. I think first of all it is good there is a solution ahead of the tournament. “I think that with the armband, the team can have a voice and now it is up to the team what armband they want to wear. I think we are in a really good place with it. “The players will decide and they will live by their values anyway. And we as staff will support them in any choice they make.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Wimbledon final places and world number one ranking up for grabs on day 11 Joe Marler reveals ‘weird encounter’ with Steve Borthwick over England hopes Alice Capsey says England can play even better after levelling Ashes series
1970-01-01 08:00
Women’s football ‘could be billion-pound industry’ claims Karen Carney
Women’s football ‘could be billion-pound industry’ claims Karen Carney
Women’s football could be a billion-pound industry within 10 years if it gets the right investment now, according to the chair of a new independent review. Former England international Karen Carney’s review panel has called for wide-ranging reform at the elite and grassroots level of domestic football to fully capitalise on the Lionesses’ Euros success last summer. Among the key calls in the review to grow the women’s game published a week before the start of the Women’s World Cup are: The creation of a fully professional environment in the top two tiers, with a minimum ‘salary floor’ in the Women’s Super League from 2025-26, gold standard physical and mental healthcare provision, a world-leading parental leave package and full union representation. A redirecting of some funding from the men’s FA Cup prize pot to support the women’s game. Identification of a new strategic partner to invest in improving the talent pathway and academy structure. A dedicated broadcast slot – possibly Saturday 3pm, if women’s football can be exempted from the blackout period with the support of the football authorities. Carney recognises many of the measures outlined in the review will require significant investment but said: “Women’s football is a start-up business. “If you’re starting something you have to have an influx of money. In 10 years’ time I really do believe this sport could be a billion-pound industry. “But these standards and these requirements for investment are the foundation that will lead us to that point. “I really do think we can make that (investment) back.” Carney said the review’s aim was to introduce minimum standards across all areas of the game, and insisted that even though there were significant cost implications for clubs and the FA in particular, this was not something anyone in the game could afford to ignore. “I have to have every confidence that these recommendations will be implemented and with urgency,” she said. “This should never, ever sit on the shelf, it’s got to stand for something. “Do I want players going on the NHS (to get treatment for injuries)? No. Do I want players to be using bin bags for curtains? No I don’t. “I understand there is going to be a lot of pushback, people saying that it’s a big investment piece, but that’s what is needed now. “In 2011 when the WSL was launched, I bet the same conversations happened then (with people saying) ‘it’s a lot of money we’ve got to find’. “Even I thought that at the time. But that has led us to this point, now we’re further along we need to get to the next point.” An independent women’s football review was recommended in the 2021 fan-led review of football governance, and was commissioned by the Government in September last year. In all the 128-page report, formally titled ‘Raising The Bar: Reframing the opportunity in women’s football’, has produced 10 recommendations, primarily focused on ensuring minimum standards are met on a range of areas. There are some interesting details within it. For example, it calls for a new unit, funded by the Football Association, to research issues affecting female footballers such as the greater prevalence of anterior cruciate ligament (ACL) injuries among women compared to men. It calls for a fully professionalised environment in the top two tiers of the women’s game, including the introduction of a minimum salary in the Women’s Super League by 2025-26 and an increase in contact time between clubs and players in the Championship from eight hours a week to 20 by 2027-28. It also says there should be full union representation for all players in the top two divisions. However, it rejected the idea of a US-style closed format for the top two tiers, something it said was being considered by an FA working group handling the transition of the WSL and Championship to ownership by a new company. The review calls for a redirection of some of the men’s FA Cup prize pot of £20m as a solidarity contribution, in particular to help Women’s Championship clubs meet some of the minimum standards the review sets out. It highlights a lack of investment in the talent pathways, with Carney pointing out the need to “kickstart” progress with a strategic partner. Asked if that could include an organisation such as the Saudi Public Investment Fund, she said that would be a decision for the new company which takes over ownership of the WSL and the Championship from 2024-25. Carney accepted there were “pros and cons” of trying to seek an exemption for women’s football from the Saturday afternoon blackout period but added: “We need stakeholders to have an adult conversation and say ‘how can we help women’s football?’ “At the moment it’s really saturated, the time slots are not really working. I have to say the Premier League have been brilliant, and the EFL, everyone wants to help.” The review also called on the FA to address a lack of diversity in the game, first by auditing the existing workforce and then by creating a workforce strategy. Read More Lionesses bonus row could drag on until after World Cup Lucy Bronze says ‘it’s a shame’ women have to fight for change amid bonus row Let’s be thankful we have sport to escape our country’s bleak reality Lionesses bonus row could drag on until after World Cup Mason Mount echoes iconic Manchester United No 7 in energetic debut Kai Havertz, Declan Rice and Jurrien Timber – this is Mikel Arteta’s Arsenal now
1970-01-01 08:00
How a £10 Billion Tax Trade Unraveled for a Commodities House
How a £10 Billion Tax Trade Unraveled for a Commodities House
When UK regulators fined ED&F Man Holdings for generating billions of pounds of illicit dividend-tax deals, they zeroed
1970-01-01 08:00
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