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China Remains Embedded in US Supply Chains: Jackson Hole Paper
China Remains Embedded in US Supply Chains: Jackson Hole Paper
China remains embedded in US supply chains even as American firms have taken steps to reduce direct imports
1970-01-01 08:00
New-look Tottenham impress in win at Bournemouth
New-look Tottenham impress in win at Bournemouth
James Maddison opened his account for Tottenham before Dejan Kulusevski ended his goal drought to help the feelgood factor around Ange Postecoglou’s new-look team continue with a 2-0 win at Bournemouth. Maddison had starred in last weekend’s fine victory over Manchester United, but was spotted on crutches and in a protective boot later that same night. A sore ankle failed to stop Spurs’ new number 10 featuring on the south coast and he applied the finishing touch to an excellent team move after 17 minutes while continuing to pull the strings throughout this Premier League encounter. Bournemouth did improve after the opener but Kulusevski was able to clip into the bottom corner in the 63rd minute for his first goal since January to ensure Postecoglou’s side extended their unbeaten run to three matches. Maddison had been a pre-match doubt after he only returned to training on Friday, but he started at Vitality Stadium . After morning sunshine in Bournemouth, the heavens opened by the time referee Tim Robinson blew his whistle and it was a bruising start for Spurs. Destiny Udogie, Maddison and Cristian Romero all received early blows in the pouring rain, but it failed to knock the visitors off their stride and the opener arrived in the 17th minute. Pedro Porro and Yves Bissouma exchanged passes before the latter found Pape Sarr, who spotted Maddison’s late run and the England international was able to scuff his shot into the bottom corner from eight yards. While Maddison’s finish was scruffy, it still represented his first goal for Tottenham since a £40million switch from Leicester. Maddison had been denied by Neto two minutes earlier after a similar move but was running the show despite proving unpopular with the home fans. Sarr was next to go close but his deflected shot was saved after Maddison and Son combined and Spurs’ new captain Son sent a volley wide after 26 minutes. It was Maddison again at the heart of Tottenham’s next chance when Romero produced a fine tackle on Antoine Semenyo and the visitors’ number 10 led the counter-attacker before playing through Richarlison, but he was crowded out and the chance went begging. Richarlison headed Maddison’s corner into the side-netting minutes later, but Bournemouth – also at the start of a new era under Spaniard Andoni Iraola – did finish the first half strongly. Ryan Christie tested Guglielmo Vicario with a low effort and Philip Billing curled wide from 18-yards. The Cherries continued their momentum into the second half with Dominic Solanke firing a dangerous ball across the face of goal and Semenyo curling wide. Postecoglou had seen enough and Richarlison’s frustrating afternoon ended not long after he received a yellow card for a late tackle on Illia Zabarnyi with Ivan Perisic and Pierre-Emile Hojbjerg introduced by the hour mark. Son was now down the middle and the tactical tweak worked a treat with a one-two with Udogie resulting in Kulusevski making it 2-0. Udogie got to the byline and brilliantly cut back for Kulusevski, who flicked into the corner. Kulusevski let out a roar in celebration after his 63rd-minute effort and it was timely for Tottenham. Maddison could have put the game to bed seven minutes later but dragged wide before Perisic survived a VAR call for shoving Max Aarons. A raft of substitutions was followed by another downpour alongside thunder and lightening, but it failed to dampen Spurs spirits with Postecoglou’s side able to continue their promising start with a second consecutive win. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Liverpool lucky with availability of centre-backs this season – Jurgen Klopp Robert Helenius failed drug test before fighting Anthony Joshua, Vada says Eddie Howe admits last season’s battles with Liverpool remain vivid memories
1970-01-01 08:00
Spanish football’s ‘me-too moment’ is a mirror for the entire game
Spanish football’s ‘me-too moment’ is a mirror for the entire game
Right up until the moment that Luis Rubiales took the microphone at the Spanish federation on Friday afternoon, senior figures in Uefa were adamant he would resign. The expectation had even stopped some prominent football officials publicly speaking out. What followed, even for a sport like this, left many involved “speechless”. It says more than any statement, mind, that Rubiales’ “jaw-dropping political speech” – to use the words of one shocked source – probably wasn’t the most consequential moment of the day. All of this will eventually lead to real action, way beyond words or Spanish football. In terms of the most immediate effect, Fifa has now suspended Rubiales for 90 days and ordered him not to contact the player he kissed on the lips after the World Cup final, Jenni Hermoso. One of the most striking and important lines of Fifa’s statement announcing Rubiales’ suspension was the directive that he is not allowed contact her or her “close environment”. Four official complaints against Rubiales are now being investigated and they could ultimately see him banned from sport for anything between two to 15 years. “This is the end,” Miquel Iceta, Spain’s minister for culture and sport, told El Pais. “This can’t continue like this.” And yet it went on a bit longer. Iceta's comments were before the farcical late-night statement outlining how Rubiales’ federation would take legal action against the Futpro Union representing Jenni Hermoso, the player he kissed after the World Cup final, while insisting the president “has not lied” through the use of still images in an attempt to show Hermoso had initiated the incident. It felt like a point of no return, if only the latest. That deepens the question over why Rubiales didn’t just resign, although many would point to a total income from the role and connected positions of almost €1m a year. Others would point to a belligerent defiance when “cornered” that sums up his personality. It has similarly led to open comment in Spanish football about how this could be a precursor to a political career. Rubiales’ statements blaming “false feminism” undeniably played into the culture-war sentiment that Spain’s far-right party Vox has long been trying to court. This is what has finally set Rubiales in open conflict with the Spanish squad, after what has really been months of build-up. It has also brought the most significant and symbolic effect. The Spanish squad admirably came together as one, creditably supported by many of their colleagues around the women’s game as well as Spanish clubs and some male footballers, to declare they would not play for the national team while “the current management” remains at the federation. It has been quite a move – and almost the grim inverse of one of midfielder Aitana Bonmati’s supreme turns – for the country’s senior football body to turn the glory of a World Cup win into such a global public relations disaster, which is just about the most generous description. The women’s world champions currently don’t have a team. Going up against your now hugely popular winners is quite the position. The front page of Marca declared it all a “global embarrassment”, which echoes the mood of most of Spain. There are multiple other layers to this, a landmark moment for football as a whole. One of the main arguments has been what a rightful shame it is that the players’ glory has only seen a man’s behaviour being discussed, and that this man is who represents Spanish football on the global stage. It is in some ways both a separate story, though, and one more deeply fundamental to the squad’s achievements. Some of those achievements, of course, are successfully demanding better standards for women’s football that ultimately served their World Cup win. This is where there is a wider context to “little more than a kiss”, as Rubiales so provocatively put it. Even after Spain’s semi-final victory over Sweden, the federation chief was the first figure from the Spanish camp to publicly mention the player mutiny that framed this campaign, talking about “people with resentments” with a similarly provocative tone. It was impossible not to interpret all of this in terms of his own sense of personal vindication for standing by Jorge Vilda and facing down rebellious players, all of which translated into this belligerent triumphalism in the moment of victory. What else does the infamous crotch-grabbing symbolise other than “I’m the man”? And yet it is that very triumphalism that could lead to his downfall, “the end”, as Iceta put it. Those very celebrations have now led to a situation where Hermoso has now said: “I want to make clear that not in any moment did the conversation occur that Mr Luis Rubiales references, and much less that his kiss was consensual. In the same way I want to reiterate how I did in that moment that what happened was not enjoyable. “I felt vulnerable and a victim of aggression, an impulsive act, sexist, out of place and without any type of consent from my part. In short, I wasn’t respected.” Hermoso then spoke about how she, her family, friends and teammates “have been under constant pressure to come out with some sort of statement that would justify the acts of Mr Luis Rubiales”. While Victor Francos, the president of the Spanish High Council for Sport, had echoed the mood of many involved by saying nobody should “put the responsibility for this” on Hermoso, there was still a widespread pride in how she spoke. This is the other side of the shame Spain is feeling at how its football culture looks on the world stage. As regressive as much of the powerbrokers appear, the women’s teams have been pioneers. Spain can be proud of them for much more than winning a World Cup. They are affecting real change. Similarly, a lot of the country has looked at this and decided which side they are on. It is not that of Rubiales or Vilda. An admirable statement from Osasuna spoke of how the applause in the room “represents how far away Mr Rubiales and those who support him are from the majority sentiment of society”. On that, if Vilda’s managerial relationship with the players was complex before, what will it be like after effusively clapping Rubiales after his speech? All of this is why this entire story has had real cut-through, to the extent it has surprised many in Spain. Francos said: “We’re facing the ‘me too’ moment of Spanish football”. It also touches on bigger themes in global football. That is of course if global football snaps out of this apparent paralysis – although the paralysis is part of the point. The silence from some of the most senior people in football has been alarming. Uefa still have no official position on their vice president, although the explanation from those within the organisation is that Rubiales is only there because of a vote from the national federations, that they don’t want to interfere with a member association, and that do they want to cut across Fifa when the global body has opened a case. “The optics are bad if they say nothing,” one source conceded. It sums up the mood of many football figures, who all echoed a description of Uefa president Aleksander Ceferin as “such a disappointment”. Nor has there been any public comment from the Football Association, even though chair Debbie Hewitt was right beside Rubiales in her new role as Fifa president as all of this was happening. Another explanation there is the expectation he would resign and that Hewitt is now likely to be a witness in Fifa’s investigation. There has then been the widespread silence from the men’s game, other than admirable exceptions like Borja Iglesias, Isco, Hector Bellerin and Javier Aguirre. The contrast has already been drawn with how activist women’s players are by contrast, with one agent privately confiding that most male footballers only ever take on a cause if it suits their public relations purposes. “It’s a low bar but how many current men’s players ever talk up?” This is in part why this story has gone well beyond Spain. Football faces a crisis of leadership and vision, that has directly facilitated many existential threats to the sport itself, at least as regards the positive community form we know it from most of its history. Rubiales really reflects a type of man – and it is always a man – that rises to senior administrative roles in football, and doesn't seem to have the foresight, let alone other qualities, to properly serve the game as a whole. It is another vintage example of the sport mirroring society in terms of patriarchal structure, of course, but what is so troubling is how its community values could still be so positive. As the most prominent examples, what has been the response to sportswashing? What has been the response to the corrosive influence of private equity and other forms of a very Western capitalism? What has been the response to multi-club projects and how they distort club identities? What has been the response to the problematic concentration of the vast majority of football’s wealth in the men’s game in western Europe? What has been the response to the destructive erosion of competitive balance? Bar mostly waving all of this through, the most common response has just been to add more games and competitions, so even more money swirls around the top end. It has lamentably become a sport that is only ever exploiting its own immense popularity, rather than using it for the good it could do. And yet that’s the other side of such popularity, and when something spreads among more people like that. Those in charge can lose control of it. The development of the women’s game has led to that more prominent activism previously missing. This multi-layered story may well end up the most emphatic proof of that. It may end up a victory that goes further than the World Cup itself. Read More Spanish FA threatens legal action over Jenni Hermoso ‘lies’ as World Cup kiss row deepens Spain’s World Cup winners refuse to play until Luis Rubiales is removed
1970-01-01 08:00
Ukraine Recap: Kyiv Hopeful on Taurus; Russia’s Azov Sea Shift
Ukraine Recap: Kyiv Hopeful on Taurus; Russia’s Azov Sea Shift
Ukraine’s defense minister said he’s confident Germany will supply his country with Taurus cruise missiles, a controversial potential
1970-01-01 08:00
FIFA Suspends Spain Football Chief Rubiales After World Cup Kiss
FIFA Suspends Spain Football Chief Rubiales After World Cup Kiss
FIFA has provisionally suspended Luis Rubiales, the head of Spain’s football association, from all activities pending a review
1970-01-01 08:00
Liverpool lucky with availability of centre-backs this season – Jurgen Klopp
Liverpool lucky with availability of centre-backs this season – Jurgen Klopp
Jurgen Klopp admitted Liverpool must be “lucky” with the availability of their centre-backs this season as he hinted he was unlikely to add to his options before the transfer deadline. Ibrahima Konate is a doubt for Sunday afternoon’s trip to Newcastle because of a muscular problem and Joe Gomez or Joel Matip could instead partner Virgil Van Dijk at the heart of the Reds’ defence. Nat Phillips is another alternative but Klopp is well aware that a shortage of options and a spate of injuries could spell trouble as he had to get creative with his backline during the 2020-2021 season. A total of 20 different combinations were used during the turbulent campaign and Klopp is keeping everything crossed that he does not have to deal with a defensive crisis in the forthcoming months. “In an ideal world, we have six, seven, eight centre-halves and cover for absolutely everything,” the Liverpool manager said. “No, we need to be lucky with injuries, there is no doubt about that. “I have no doubt about the quality of the boys we have. We have (academy player) Jarell Quansah, a super-talented player, available as well. “In this moment we are covered but it is not dreamland where you can be prepared for absolutely each situation. We had to learn that in the past as well a couple of times. “We will try to do our absolute best to have a squad for next week, a squad for us where we can react on pretty much everything. Is that possible? We will see.” Liverpool were the only side to do the double over a Newcastle side that lost just five times in the Premier League and qualified for the Champions League last season. Despite their rapid improvement under Eddie Howe, Newcastle are on a 13-match winless sequence against Liverpool stretching back to December 2015 – although Klopp is wary of what they will face this weekend. He feels two of their signings in particular this summer were among the shrewdest of any team. The speed they have is really good. Newcastle, since last year at least, they don’t concede a lot but score. So that’s a proper game Jurgen Klopp “Newcastle are an incredibly strong team, qualified for the Champions League, fully deserved,” Klopp said. “Super development under Eddie Howe, I have to say. Eddie is a super coach, a super manager. “Smart business. I don’t want to miss anybody but probably the two standouts in this window: (Sandro) Tonali and (Harvey) Barnes. Really good business. “The speed they have is really good. Newcastle, since last year at least, they don’t concede a lot but score. So that’s a proper game.” While Thiago Alcantara and Curtis Jones are missing once again, Klopp will be able to call upon fellow midfielder Alexis Mac Allister after his red card in the 3-1 win over Bournemouth was overturned. Mac Allister – signed from Brighton in the summer for £35million – was shown a straight red by referee Thomas Bramall after catching Bournemouth midfielder Ryan Christie on the foot at Anfield last weekend. “When I saw the pictures back I was pretty sure that it’s not a red card but that doesn’t mean then immediately that our appeal will be successful,” Klopp added. “You don’t have that a lot of times, that pretty much everybody agrees this is not a red card and should not be a red card. Harsh tackles should always be punished, I absolutely support that 100 per cent. “But it was not a harsh tackle, it was just a touch in the situation. It was a massive relief when I heard that it is overturned. Very good news.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Robert Helenius failed drug test before fighting Anthony Joshua, Vada says Eddie Howe admits last season’s battles with Liverpool remain vivid memories Juanma Lillo says Man City ‘well managed’ as he fills in for Pep Guardiola
1970-01-01 08:00
Germany’s Scholz Rejects Calls for More Spending to Help Economy
Germany’s Scholz Rejects Calls for More Spending to Help Economy
Chancellor Olaf Scholz rejected calls for higher, debt-financed federal spending to boost growth and said Germany is well
1970-01-01 08:00
Century-Old Swiss Watch Dynasty Ends With Scion Selling to Rolex
Century-Old Swiss Watch Dynasty Ends With Scion Selling to Rolex
Over more than a century, three generations of Bucherers built one of the most exclusive watch and jewelry
1970-01-01 08:00
Sogo & Seibu Union Said to Plan Strike if Parent Approves Sale
Sogo & Seibu Union Said to Plan Strike if Parent Approves Sale
Sogo & Seibu Co.’s labor union plans to go on strike if Seven & i Holdings Co. pushes
1970-01-01 08:00
Spain's football federation accuses World Cup winner of lying about kiss from president
Spain's football federation accuses World Cup winner of lying about kiss from president
Spain's football federation has threatened to take legal action against one of the country's star players, Jennifer Hermoso, for her comments about its president Luis Rubiales.
1970-01-01 08:00
Spain’s Rubiales Under Pressure as Women’s Team Refuses to Play
Spain’s Rubiales Under Pressure as Women’s Team Refuses to Play
Pressure is mounting on the chief of Spain’s football association after the country’s World Cup champion Women’s team
1970-01-01 08:00
Charting the Global Economy: Euro Area Activity Retrenches
Charting the Global Economy: Euro Area Activity Retrenches
The contraction in euro area business activity deepened this month, most notably in Germany where the decline was
1970-01-01 08:00
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