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Remote Work to Wipe Out $800 Billion From Office Values, McKinsey Says
Remote Work to Wipe Out $800 Billion From Office Values, McKinsey Says
Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential
1970-01-01 08:00
Top UK Rolex Retailer Says Demand Strong Even as Prices Rise
Top UK Rolex Retailer Says Demand Strong Even as Prices Rise
Watches of Switzerland Group Plc, the biggest retailer of Rolex watches in the UK, said demand for luxury
1970-01-01 08:00
Lionesses bonus row could drag on until after World Cup
Lionesses bonus row could drag on until after World Cup
England’s players could have to wait until after the Women’s World Cup for the stand-off over bonuses to be resolved, as there is still no sign of a breakthrough in negotiations between the Football Association (FA) and Professional Footballers’ Association (PFA), who are representing Sarina Wiegman’s group. The dispute centres on the squad’s argument that the governing body should supplement the landmark Fifa prize money with extra performance-based payment should the Lionesses get to the quarter-finals. That is largely due to the huge commercial upswing that has come with the team’s progress as well as the precedent set by squads of similar profile in USA and Australia. Their governing bodies have agreed deals in excess of the 60% of prize money guaranteed by Fifa, with both heavily performance-related. The FA were part of a group of federations that worked with Fifa to stipulate a hard percentage that should go directly to players, and The Independent understands that figure will of course be honoured. The players’ representatives have also been told, however, that it might be better for all parties to discuss bonuses after the World Cup as there could naturally be a huge difference in “commercial uplift” depending on whether the team reach the quarter-finals or win the tournament. As an illustration of this, the FA have in the last 10 days put down an offer that reflects the increase in sponsorship revenue from the last year and England’s historic Euro 2022 win. The arguments put forward by the PFA, however, are that this is lacking in transparency and that it would be better for all concerned if it would be settled beforehand. As numerous involved sources have also insisted, it is a situation that would simply “never happen” in the men’s game. “Can you imagine telling them we’ll discuss it when we’re back,” one said. The FA, whose discussions are handled by the commercial team, are pointing to the different dynamics of this competition – especially as it is the first 32-squad World Cup in the women’s game. There is also the issue that Fifa’s 60% stipulation means the prize money from the governing body does not fully cover the travel costs for a hugely expensive tournament, in the manner that customarily happens with such funds. While the FA will of course cover all of that, it is one additional factor complicating discussions over the prospective budget for this World Cup and commercial income. The governing body have attempted to assure the players that they will get fair reward for their contributions, but the PFA naturally want clarity now, especially as commercial income for the team has “skyrocketed” in the last year. The involved parties have been approached for comment although there is a will from all sides that it doesn’t devolve into a briefing war or disrupt a tournament that could yet bring a historic victory for the squad. Fifa’s new stipulations means that every player at the World Cup will be guaranteed at least $30,000, with that drastically increasing the further teams go. The team that lifts the trophy will be guaranteed $270,000 per squad member. Lucy Bronze this week expressed irritation that the situation had not yet been solved. “It is frustrating but I think that’s the way the women’s game has predominantly been. As a team we’ve always been pushing in the background, it’s only been recently that it’s been made more public and people are aware of it, but it’s something we’ve always had to do as players." Read More Lucy Bronze says ‘it’s a shame’ women have to fight for change amid bonus row Ellen White tips ‘proven winner’ Sarina Wiegman to lead England to further glory Talking points as England fly out ahead of Women’s World Cup
1970-01-01 08:00
Coinbase CEO Starts Poll on Whether BofA Is Closing Accounts Transacting With Crypto Exchange
Coinbase CEO Starts Poll on Whether BofA Is Closing Accounts Transacting With Crypto Exchange
Tension between the crypto and banking sectors bubbled anew when Coinbase Global Inc.’s chief executive started a Twitter
1970-01-01 08:00
Google’s AI Chatbot Bard Gets Belated European Release
Google’s AI Chatbot Bard Gets Belated European Release
Alphabet Inc.’s Google released its Bard chatbot to users in the European Union and Brazil, and said the
1970-01-01 08:00
India Considers Banning Most Rice Exports as Local Prices Surge
India Considers Banning Most Rice Exports as Local Prices Surge
India, the world’s biggest rice shipper, is considering banning exports of most rice varieties, a move that may
1970-01-01 08:00
HCL Tech to Buy German Car Engineering Firm for $280 Million
HCL Tech to Buy German Car Engineering Firm for $280 Million
HCL Technologies Ltd. is acquiring a German automotive engineering services company for $280 million to push beyond IT
1970-01-01 08:00
Football rumours: Jordan Henderson weighing up Saudi Arabia move
Football rumours: Jordan Henderson weighing up Saudi Arabia move
What the papers say Jordan Henderson is weighing up a move away from Liverpool, according to the Daily Telegraph. Al-Ettifaq, now managed by former Liverpool captain Steven Gerrard, are reportedly keen on the 33-year-old midfielder but have not made a formal bid. Aaron Ramsey is another international midfielder who has emerged as a target for Saudi Arabia, reports The Sun. But the Wales star, 32, is ready to turn down a big-money move in favour of a return to his first club Cardiff from Nice. Newcastle are reportedly in talks with relegated Leicester over signing winger Harvey Barnes. The Daily Mail says an opening offer of around £30 million is on the cards. Centre-back Trevoh Chalobah could be one of the players leaving Chelsea this summer. The Blues are willing to sell the 24-year-old if they get the right offer, according to the Evening Standard. Social media round-up Players to watch Joao Felix: Manchester United, Aston Villa and Newcastle United are all interested in the 23-year-old Atletico Madrid and Portugal forward. James McAtee: Manchester City have turned down bids around £30 million for the 20-year-old midfielder. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live
1970-01-01 08:00
UAE Calls for ‘Aggressive’ Course Correction on Climate Change
UAE Calls for ‘Aggressive’ Course Correction on Climate Change
The United Arab Emirates will focus on bolstering global efforts to mitigate carbon emissions and make funds available
1970-01-01 08:00
UK Economy Held Up Better Than Expected in Coronation Holiday
UK Economy Held Up Better Than Expected in Coronation Holiday
The UK economy shrank less than expected in May after an additional holiday to mark the coronation of
1970-01-01 08:00
GST: New tax threatens India's booming online gaming industry
GST: New tax threatens India's booming online gaming industry
The industry says it has been blindsided by the government's "catastrophic" tax decision.
1970-01-01 08:00
Barclays, Yes Bank Raise India Inflation Forecast as Prices Jump
Barclays, Yes Bank Raise India Inflation Forecast as Prices Jump
A higher-than-expected India inflation reading in June has prompted some economists to raise their forecasts for consumer price
1970-01-01 08:00
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