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Cheers in Zambia after landmark debt deal
Cheers in Zambia after landmark debt deal
Jubilant lawmakers in Lusaka sang Zambia's national anthem on Friday after foreign lenders agreed to restructure part of the country's debt, a move that entrepreneurs said...
2023-06-23 17:57
Bill Kenwright to stay on as Everton chairman despite supporter protests
Bill Kenwright to stay on as Everton chairman despite supporter protests
Bill Kenwright will stay on in his role as Everton chairman, the Premier League club have announced. Following the departures of chief executive Denise Barrett-Baxendale, chief finance officer Grant Ingles and non-executive director and former striker Graeme Sharp last week, the future of long-serving chairman Kenwright had appeared in doubt. However, Everton owner Farhad Moshiri revealed on Friday morning that Kenwright had accepted his request to remain at the club and help them through a period of transition. The recent board changes came in the wake of numerous supporter protests, with Kenwright, who has spent 19 years in his current role and is understood to have been planning to step down, the main target for fans’ anger. “I wanted Bill to remain as our chairman during this important period of transition for the club and I am delighted that he has accepted my request to do so,” Moshiri said in a statement on the Everton website. “Bill’s knowledge and vast experience will be crucial for us as we look to reset, deliver on external investment and position Everton for a successful future.” Everton also announced the appointment of Colin Chong as interim chief executive and director, while James Maryniak becomes interim chief finance officer. Chong is currently the chief stadium development officer and has been focusing on the move to Bramley-Moore Dock, with Maryniak the club’s director of finance. “In Colin and James, we have two experienced senior club professionals who have agreed to take on enhanced roles on an interim basis, and who we know can and will deliver immediately,” Moshiri said. As part of the changes, majority shareholder Moshiri will also join the board as a non-executive director alongside John Spellman, an experienced chartered accountant and Everton supporter. American investors MSP Capital are close to agreeing a deal to buy a stake in the club, possibly up to 25 per cent. Everton are also facing a Premier League charge for breaching profit and sustainability rules, having made cumulative losses of more than £430million over the last four seasons. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Ireland international Jean Kleyn cleared to represent South Africa Aston Villa captain John McGinn signs new long-term deal England bowler James Anderson admits struggles on ‘kryptonite’ Edgbaston pitch
2023-06-23 17:53
From $830K gifts to hunting expenses: 'Homeless' Kevin Costner's opulent lifestyle exposed amid divorce from Christine Baumgartner
From $830K gifts to hunting expenses: 'Homeless' Kevin Costner's opulent lifestyle exposed amid divorce from Christine Baumgartner
Christine Baumgartner listed the family's monthly expenses, which Kevin Costner had been covering, as exceeding $550,000
2023-06-23 17:52
Saudi Arabia Is Investing $38 Billion to Become a Video-Game Hub
Saudi Arabia Is Investing $38 Billion to Become a Video-Game Hub
The Saudi Arabian government is betting $38 billion on the country’s potential to become the next hub for
2023-06-23 17:48
Futures fall as Powell's hawkish stance sours market mood
Futures fall as Powell's hawkish stance sours market mood
U.S. stock index futures fell on Friday as investor sentiment remained damp due to the hawkish interest-rate outlook
2023-06-23 17:47
Eurozone economic growth slows sharply in June
Eurozone economic growth slows sharply in June
Eurozone economic activity worsened in June to a five-month low, hit hard by a fall in industrial production, a keenly...
2023-06-23 17:45
Kenyan president slams 'unfair' global lending system
Kenyan president slams 'unfair' global lending system
Kenyan President William Ruto does not hold back when describing the global lending system: it is "unfair, it's punitive, it doesn't...
2023-06-23 17:28
JPMorgan Starts Euro Blockchain Payments for Corporate Clients
JPMorgan Starts Euro Blockchain Payments for Corporate Clients
JPMorgan Chase & Co. expanded one of the most high-profile projects to bring blockchain technology to traditional banking,
2023-06-23 17:28
Saudi and Singapore Wealth Funds Join $930 Million Pre-IPO Bet on Anime Giant
Saudi and Singapore Wealth Funds Join $930 Million Pre-IPO Bet on Anime Giant
Kakao Entertainment Corp. has won $930 million from the sovereign wealth funds of Saudi Arabia and Singapore, securing
2023-06-23 17:27
India, UK Regulators Close to Resolving Clearing House Issue
India, UK Regulators Close to Resolving Clearing House Issue
The United Kingdom government has said that Indian clearing houses overseen by the nation’s central bank meet its
2023-06-23 17:22
America Is Divided Over Everything But Chicken: Big Take Podcast
America Is Divided Over Everything But Chicken: Big Take Podcast
Listen to The Big Take podcast on iHeart, Apple Podcasts, Spotify, Terminal. Americans love beef. But more recently,
2023-06-23 17:21
Indian PM Modi to meet CEOs as Washington visit concludes
Indian PM Modi to meet CEOs as Washington visit concludes
WASHINGTON Indian Prime Minister Narendra Modi will meet U.S. and Indian business leaders in Washington on Friday, the
2023-06-23 17:20
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