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The Netherlands and Denmark will help create a $1 billion green hydrogen fund for investment in South African

Arsenal have submitted a club-record offer for West Ham captain Declan Rice. The England midfielder has emerged as a target for the Gunners in recent months and a first bid was rejected earlier in June. However, the PA news agency understands a second offer has been lodged that eclipses the £72million Arsenal paid for Nicolas Pepe in 2019. It is believed the new bid, including add-ons, could total £90million and will test the resolve of Europa Conference League winners West Ham. Rice, 24, lifted the trophy in Prague on June 8 before owner David Sullivan said he believed that was the skipper’s last outing for the Hammers. Arsenal finished second in the Premier League last season, with manager Mikel Arteta and football director Edu having identified the players they want to add to once again challenge Manchester City. As well as the record move for Rice, it is understood Arsenal are in talks to land Kai Havertz from London rivals Chelsea and have reportedly launched bids to Southampton’s Romeo Lavia and Jurrien Timber of Ajax. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live

Abu Dhabi National Oil Co. has made a preliminary takeover approach for German chemical producer Covestro AG, people

UK Prime Minister Rishi Sunak faces criticism from within his own Cabinet over plans to pay the European

A growing chorus of investors is buying bonds from certain developed nations where they believe interest rates will

Turkey raised its minimum wage for a second time this year, potentially adding to inflationary pressures making the

India’s Prime Minister Narendra Modi will likely meet Elon Musk today on a visit to the US as

The designated successor to Pirelli & C. SpA Chief Executive Officer Marco Tronchetti Provera is leaving the company,

The Community Shield kick-off time has been brought forward by 90 minutes following fan complaints. The Football Association confirmed on Tuesday that the match between Manchester City and Arsenal at Wembley on Sunday, August 6 would now kick off at 4pm instead of 5.30pm. It said the decision had been reached after “following consultation with our broadcast partners, the local authorities, police, and the competing clubs”. The governing body added: “The decision to move the kick-off time was taken following full consideration of the transport challenges for fans returning to Manchester after the match.” The 1894 group of Manchester City supporters called on fans to boycott the match, with people encouraged to donate to Manchester food banks instead.

Newcastle United are currently £30 million off Internazionale's valuation of Nicolo Barella, as Eddie Howe seeks to make a midfielder their main signing for this summer. That may see the Saudi-owned club turn to AC Milan's Sandro Tonali, although negotiations are ongoing over Barella. Inter Milan ended up paying Cagliari close to £40m all in for Barella and want to make a profit as they face pressure to raise money. That has meant an asking price of close to £80m but Newcastle do not want to go above £50m given the Italian's club situation. Liverpool have been similarly interested in Barella as they feel his energy fits with exactly what they want from a second midfielder to complement Alexis Mac Allister. The Anfield club nevertheless believe the price is currently far too high, with Nice's Khephren Thuram offering a more affordable option. Newcastle are themselves willing to look elsewhere with both Tonali and Chelsea's Conor Gallagher names they have considered. The St James Park club also have long-standing interest in James Maddison and sounded out Leicester City over whether he would be buyable for £45m, which was similar to what they have been willing to put forward for Barella. Leicester currently want almost double that, though, while the player himself is understood to prefer a move south for family reasons. That is why Tottenham Hotspur are now seen as more likelier to sign Maddison, although they similarly remain some way off as regards price.

Manchester City were often described as the best team in the world, even before the Champions League that had long eluded them gave them a greater claim to that title. It was more contentious when their chairman, Khaldoon Al Mubarak, called them “the No 1 football brand in the world”. The alternative argument is that City are not even the leading football brand in Manchester. But at a point when Manchester United is up for sale and the Glazers want $6 billion, it was notable that Al Mubarak described the value of the City Football Group as over $6 billion. The picture he painted in his end-of-season address was of financial and footballing success with some of the world’s best executives, scouts and sporting staff. Certainly that description applies to Pep Guardiola. And yet this could not simply be the celebration of a transformation, a 15-year journey from a team who were in the relegation zone at Christmas a few months after Sheikh Mansour’s takeover to one who demolished Bayern Munich and Real Madrid, to the situation where Erling Haaland signed a contract and told Al Mubarak he would win him the Champions League. “To show you where Erling is going, this is the beginning,” Al Mubarak said. “And the scary part, this is just the beginning for him.” In a way, it is just the beginning for City, too: just not quite in the same respect. Al Mubarak said it was “very frustrating” the treble has come against the backdrop of 115 charges by the Premier League. The Emirati promised a “very blunt” response, but only when the legal process has happened. The question if these are tainted, tarnished titles will linger; perhaps forever, certainly until a case is finally heard. Some might argue there is an irony there. Al Mubarak had claimed Sheikh Mansour has given “passion to the club”; that the Champions League final was just the second game the owner had seen in the flesh might suggest he has a different way of showing it but, with his billions, he has been the architect of a rise. But if sportswashing is intended to launder reputations, City instead find their achievements and character impugned. The issues, however, do not surround the all-conquering 2022-23 season as much as how City got here; how they constructed the platform that took them to such heights and whether the financing that allowed them to build to this point amounted to repeated and deliberate breaches of regulations. On the pitch, City attract admiring glances. Al Mubarak claimed that, at a Uefa dinner the night before the Champions League final, he was asked what was special about City. “The winning mentality,” he replied, and that is not something that can simply be bought. He reflected on the hunger of Haaland, who reacted to his five-goal salvo against RB Leipzig by thinking he should have scored seven or eight, and the humility of the World Cup winner Julian Alvarez. He talked about how City have executives that rival clubs are trying to hire and the excellence of their medical staff. “Unheralded heroes,” he said. There was a point to the praise. There is a misconception that City can call upon a vast pool of players. “We have a high-quality small squad,” Al Mubarak countered. “But it’s not what I think is the perception, which is that we operate with a huge squad; that is not the case.” It is partly Guardiola’s preference but they are operating with around 18 top-class options, some of them very expensive, not a cast of thousands, like Chelsea. “People will throw at us, ‘the biggest spenders’, ‘you have the biggest squad,’” he said. Yet City should have few problems with Financial Fair Play now. “Look at our net spend figures,” Al Mubarak added. In a summer when they signed Haaland, they made a transfer-market profit, partly because of the departures of Raheem Sterling, Gabriel Jesus and Oleksandr Zinchenko, partly because they banked around £50 million by selling four youth-team products to Southampton. There were years of vast outlay. Now City has become a business with revenue streams. “We have a commercial machine that is one of the best in the world,” Al Mubarak said; some may disagree – many of their sponsorships come from the United Arab Emirates, some from companies connected to Sheikh Mansour – but City’s problem is not the present or the future, but the past and how they got here. For now, they have Guardiola tied up for another two years – Al Mubarak said he was “never concerned” before the Catalan extended his contract – an outstanding team and the opportunity to strengthen it. The outlook should be sunny but there are still clouds on the landscape. Read More Man City chairman vows to give ‘very blunt views’ on FFP charges once concluded Saudi Arabia can help Chelsea solve headache — but talks raise more questions than answers Sportswashing is about to change football beyond anything you can imagine

Gareth Southgate believes England have “hit a sweet spot” a year out from the European Championship but says there can be no let-up as his talented, ever-improving group hunt silverware. Monday’s 7-0 annihilation of North Macedonia means it is a case of when rather than if their place at next summer’s finals in Germany is rubber-stamped. Bukayo Saka sparkled with a hat-trick at Old Trafford as England headed on the road for a home match for the first time since last June’s humbling at the hands of Hungary. The 4-0 Molineux mauling in the Nations League led fans to turn on Southgate, who took that in mind when considering his future after the World Cup. But that low, combined with the frustration of bowing out in the quarter-finals in Qatar, has helped sharpen England’s focus as they look to win next year’s Euros, having lost in the final of the previous edition on penalties. “I think when you look back at last summer, four matches, a couple of them behind closed doors, the need to rotate the squad, need to look at new players, there were a lot of circumstances as we knew at the time around those performances and results,” Southgate said of their Nations League struggles last June. “Post World Cup, I think we’ve hit a sweet spot where there’s a hunger to go further than we’ve been and a desire to keep pushing forward. “But a confidence from the matches that we’ve played and the big nights we’ve been involved with, and the ability that they know they have, so that’s a good place to be. “We have to keep pushing them now because they’ve set a standard in the last four games against different sorts of opponents, different environments, where anything can be possible. “I think they’ve been really good to watch, they’ve been exciting to watch, there’s competition for individual places, there’s competition to get in the squad. “But around all of that there’s a brilliant feel with them as a group and that is what creates a strong team. “I think the crowd have connected with that, the crowd was brilliant from before kick-off tonight.” Saka’s first career hat-trick, a Harry Kane brace and goals from Marcus Rashford and Kalvin Phillips wowed the Old Trafford crowd on Monday night. It was England’s fourth win from four Group C matches – a pool that started with an impressive 2-1 victory against Euro 2020 final foes Italy in Naples. That result set the tone for a side that has steadily built the kind of mentality that means they head into matches expecting, rather than hoping, to win. “100 per cent,” Southgate said. “That’s experiences with their club, but also as a collective because we’ve always had moments where clubs have done well. “But then how do you match that in when Declan (Rice) first played with us. I remember the Nations League semi-final with Holland, it’s the biggest game of his life, he’s still learning his trade and still learning the position. “Now he’s played a European final for us, European final for his club, big nights for us. “The experiences they have together are more important, but you can’t take out the confidence that, if you’re a European champion, as the Manchester City boys arrive here (as), then they’re carrying that into the camp as well. “But what they did, they didn’t come like a load of big shots and say, ‘We’re European champions’. “They got straight on to the training pitch, mucked in, supported the group from the side in Malta, and then they perform (against North Macedonia).” The shared experiences across multiple tournaments and qualification campaigns have also seen players’ caps quietly stack up. Despite not having any centurions, England’s starting line-up against Macedonia was their second-most experienced ever, with the combined 590 caps only beaten by 595 against Algeria in 2010. “We’ve known that accumulating caps is one thing, but accumulating big game experience is another,” said Southgate, whose most-capped player is 84-cap skipper Kane. “And also, the really pleasing thing is that we’ve got a lot of young players with a lot of caps as well. “So, it’s not that this team is just this next summer and nothing else. We want it to be sustainable for England, we want England to be challenging for as long as we can see. “That’s also an important part of what we need to do, so we have to keep bringing young players into the squad, give them a feel of what it means to play in this group and evolve the team as we go. “There’s that competition now and that drives the players. “They’ll listen to what you say as a coach, but if there are other players in your position that you know are hunting you down and after your spot, then that drives your performance.”