
China Property Slump Deepens as Beijing Mulls More Stimulus
The contraction in China’s home sales and property investment both deepened in October, a steeper downturn that may
1970-01-01 08:00

Billionaire Lithium Crashers Hamper Australian Deals, Miners Say
Australia’s richest woman and other billionaire entrepreneurs wading into takeover offers threaten to cool enthusiasm over the country’s
1970-01-01 08:00

Many parents don't know when kids are behind in school. Are report cards telling enough?
Nearly nine out of 10 parents believe their child is performing at grade level despite standardized tests showing far fewer students are on track
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Cuban private grocery stores thrive but only a few people can afford them
Dozens of tiny grocery stores have sprung up around Cuba in recent months
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Schonfeld Ends Millennium Partnership Talks, Secures Billions Elsewhere
It was about 5 p.m. in New York on Tuesday when Steven Schonfeld picked up the phone to
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Manchester City acknowledge risk of charges after posting record £712m revenue
Manchester City have acknowledged the Premier League charges facing them risk having a “material impact” on the club, as they posted a league-record revenue figure of over £700million. City earned £712.8m in the year ending June 30, an increase of almost £100m compared to the previous year and far outstripping the £648.4m Premier League record set by Manchester United when their most recent results were announced last month. City’s run to the Champions League final – where they beat Inter Milan 1-0 in June – contributed to total broadcast revenue of £341.4m, including £113.85m just from UEFA. However, the club’s annual report mentioned the 115 charges issued against them by the Premier League in February under the ‘Risks and Uncertainties’ section. “The board acknowledges that there are a number of risks and uncertainties which could have a material impact on the club’s performance,” the report stated. As well as the Premier League charges, the performance of the first team and any future regulatory changes introduced by the Premier League, the Football Association, UEFA and FIFA were also cited as risks and uncertainties facing the club. Introductory statements in the annual report from chairman Khaldoon Al Mubarak and chief executive Ferran Soriano made no reference to the charges. Khaldoon said: “In the aftermath of the UEFA Champions League win in Turkey and the completion of ‘The Treble’ the question I was asked most often, was ‘How do you top that?’ “The answer is by doubling down on the proven philosophies and practices that have brought us this success and to challenge ourselves to continue to constantly innovate in order to achieve new levels of performance both on and off the field. “We will continue to question all the industry norms, we will evaluate our successes and learn from any failures. We will not be afraid to set new goals and develop new strategies that deliver for our club, its communities and stakeholders and especially for the fans.” Matchday revenue was recorded at £71.9m, while profit from player trading was up to over £120m. However, the club’s total payroll costs were just under £423m, up from just under £354m in 2022. That was despite head count dropping from 549 to 520. Read More Jannik Sinner scores first career win against Novak Djokovic in Turin Emma Hayes: Winning Champions League would be fairytale end to time at Chelsea Winter sun will have to wait for Ezri Konsa as he looks to take England chance
1970-01-01 08:00

Treble-Winning Manchester City Nets £713 Million in Revenue
Premier League champions Manchester City Football Club announced record-breaking revenues after its team won three of football’s major
1970-01-01 08:00

Biden, Xi Eye Economic and Military Thaw in High-Stakes Meeting
US President Joe Biden and Chinese counterpart Xi Jinping’s carefully choreographed, much-anticipated sitdown on the sidelines of the
1970-01-01 08:00

Foreign Flows Are Resuming to Saudi Stocks After October Exodus
Foreign investors are snapping up Saudi stocks after last month’s rush for the exit, as investors weigh attractive
1970-01-01 08:00

Oil gains on China economic data, strong demand forecast
By Sudarshan Varadhan (Reuters) -Oil prices rose on Wednesday as China's factory output and retail sales beat expectations, a day
1970-01-01 08:00

Xi Urges More Economic Links With Taiwan Before Biden Talks
Chinese leader Xi Jinping called for boosting economic links with Taiwan just before heading to the US for
1970-01-01 08:00

Top Emitters Vow New Climate Action in US-China Breakthrough
The US and China, the world’s biggest polluters, vowed to step up joint action to tackle climate change
1970-01-01 08:00