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FRANKFURT The euro zone's top banks may take a hit if their financial clients, such as funds, insurers

Chelsea have announced the appointment of Chris Jurasek as their new chief executive while president of business Tom Glick is set to leave after less than a year in his role. The Blues’ 12th-place Premier League finish in owners’ the Clearlake group’s first season has led to Mauricio Pochettino being named head coach and tasked with improving their on-field fortunes. Further upheaval off the pitch came with the announcement that Jurasek will oversee all business areas at Chelsea and report to the board alongside co-sporting directors Laurence Stewart and Paul Winstanley. “I’m delighted to be joining Chelsea, a club which is loved and followed all over the world,” Jurasek said. “I’m enormously proud to be leading it into the next chapter in its rich history. “We have huge opportunities to grow on and off the pitch and to engage our exceptional fans both in London and wherever they are supporting us from.” Behdad Eghbali and Jose E Feliciano, co-controlling owners, said: “Chris’ skill and expertise will help us to drive the club forward in all areas, particularly in supporting our long-term plans for Chelsea. “Our focus will continue to be on ensuring the club is competitive and sustainable both from a sporting and business perspective, with a talented and ambitious leadership team.” Former Manchester City executive Glick will be exiting the club, having only been appointed last July – although no departure date was announced by the club, who said the former president of NFL franchise the Carolina Panthers wanted “to pursue other opportunities”. Glick will work closely with Jurasek in the coming months to ensure a smooth transition before leaving. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live

Edwin van der Sar has resigned from his position as chief executive at Ajax. The 52-year-old former Manchester United, Fulham and Netherlands goalkeeper, who started his playing career at Ajax, has been on the Eredivisie club’s board of directors since 2012. He was initially director of marketing, then became chief executive in 2016, and had been on a contract running to 2025. Van der Sar told the club’s official website: “After almost 11 years on the board, I am done. “We have experienced wonderful things together, but it has also been an incredibly tough period. I am very grateful for the people I have met and worked with during my second career at Ajax, and what we have achieved and been through together. “I feel the need to take some distance, to get some rest, and to do other things. It doesn’t feel good to take decisions about the future of this wonderful club in the coming period. That is why I have decided to resign.” Van der Sar will transfer his duties to the board from June 1, and it has been requested that he formally remains in his position until August 1. After almost 11 years on the board, I am done. I feel the need to take some distance, to get some rest, and to do other things Edwin van der Sar The announcement comes after a trophyless 2022-23 campaign for Ajax that saw them finish third in the Eredivisie. Prior to that, Van der Sar’s time as chief executive had included the club winning three league titles and two Dutch cups under now Manchester United manager Erik ten Hag, as well as reaching the Champions League semi-finals in 2018-19. Supervisory board chair Pier Eringa said: “We wanted Edwin to stay, but he had made his decision. We have to respect that. “The last season does not reflect the entire period that he has been in charge of Ajax. The club has seen a lot of success, has seen a lot of growth, and gained international exposure. “His tasks will be transferred to the remaining members of the board. Edwin will be available for the transfer and advise until August. We expect to announce a new board of directors after August 1. It’s our ambition to add someone to the board with an Ajax background.” Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Chelsea appoint Chris Jurasek as chief exec with Tom Glick also leaving his role A look at the numbers behind England’s opening partnerships Football rumours: Spurs aim to keep reported Manchester United target Harry Kane

Former Netherlands goalkeeper Edwin van der Sar announced Tuesday he was quitting as Ajax chief executive, after "an incredibly tough period" of more than a decade at...

Qualcomm Inc. is betting the future of AI will require more computing power than what the cloud alone

By Richa Naidu and Eva Mathews Unilever Plc said on Tuesday Chief Financial Officer Graeme Pitkethly would leave

Turkey’s currency weakened to a record low amid concerns about external financing needs, while stocks rallied as investors

Turkey's economy is in a double bind: analysts see its current policies leading to imminent peril and the...

WASHINGTON--(BUSINESS WIRE)--May 30, 2023--

Dozens of reckless racers have chased a 7-pound (3 kilogram) wheel of Double Gloucester cheese down the near-vertical Cooper’s Hill near Gloucester in southwestern England

House Speaker Kevin McCarthy helped secure a debt limit deal -- now he has to secure its passage in the House, with little room for error.

A manhunt is under way to track down a second suspect wanted in connection to a mass shooting that left nine victims – including four children – injured on Memorial Day. The shooting unfolded at about 6.15pm local time near the beach boardwalk in Hollywood, Florida, on Monday as families and friends gathered to enjoy the holiday. Police said that a fight is believed to have broken out between two groups on the seafront, which then escalated into gunfire. At least nine people were injured in the mass shooting, including a one-year-old baby and a 17-year-old. Hollywood Police Department spokesperson Deanna Bettineschi said one victim was in surgery late on Monday while the others were stable. One person has been detained following the incident and a second suspect is now on the run from authorities. He is described as a Black man with dreadlocks who was wearing a black short-sleeve shirt and camo shorts. Chilling video take on the boardwalk shows terrified crowds fleeing the busy boardwalk as the gunfire erupted near a convenience store, a Ben & Jerry’s ice cream store and a Subway sandwich shop. Read More At least nine people wounded in Memorial Day mass shooting at Florida beach Video shows tourists fleeing Miami beach in terror at mass shooting Ron DeSantis news – live: DeSantis facing three new lawsuits as Trump blames him for making Disney ‘woke’