New York Cements Itself as the Gold Mining Capital of the World
The momentum has been building for years, but this week made it official: the epicenter of the gold
2023-05-13 21:21
Stock Traders Are Nonchalant About US Being on Cusp of Default
The debt-ceiling standoff in Congress has the US at risk of being unable to pay its bills as
2023-05-13 21:16
Starmer Says Reform Plan Is Blair’s Labour ‘on Steroids’
Keir Starmer said his his mission to reform the UK Labour Party is an “on steroids” version of
2023-05-13 18:55
Charting the Global Economy: US Inflation Cools; BOE Hikes Rates
US inflation showed more signs of moderating in April, giving the Federal Reserve room to pause interest-rate increases
2023-05-13 18:28
Ineos ‘optimistic’ over Man United purchase after increased contact with Raine Group
Sir Jim Ratcliffe has had more extensive contact with Raine Group over the past two weeks than Qatar, creating a positivity within the INEOS bid that they can be the next owners of Manchester United, although it has not yet been communicated who the preferred bidder is. That does leave the way open for a huge Qatar offer that many have long been waiting for, but it would have to be a significant increase on their third-round bid of under £5bn. They would also have to be quick, as it is now expected that an announcement on preferred bidder could come next week. While the nature of this process ultimately comes down to the numbers, there was irritation on the selling side at some of the briefing around the third Sheikh Jassim-led bid, given it was considerably lower than had been anticipated. The Independent has also been told that the Glazers have been giving consideration to the fact any Qatar offer could take six to nine months longer, due to the likelihood that the assessment by the Owners and Directors test would be far longer. The bid comes as the Premier League have sought to tighten regulations on state-linked owners, amid increasing pressure over the subject. The Glazers are also conscious of the fact that, if that happens, and the Qatar deal were to falter, Ratcliffe would be unlikely to come in on a point of principle. As the INEOS group have long pointed out, their offer can lead to a cleaner process. Ratcliffe's group are “optimistic” that, if the takeover process continues smoothly, they would at least have an agreement to buy the club by the summer transfer window. That could leave Erik ten Hag frustrated as regards transfers for next season, given the club would be restricted in what it could do, but with the offset that the future would be much clearer thereafter. Either way, the Glazers' bankers are currently willing to discuss final details with Ratcliffe. The only development that could currently change that is if Qatar come back in with a huge offer, and there is insistence from within the Gulf state they are still in the race. At the same time, discussions with Raine have been minimal, with one source even stating that it was as close as you can get to being “ghosted” in such processes. The prospective takeover of United has been discussed at the top levels of the state, but a number of political issues have complicated the planned purchase, not least the willingness to not be seen to just pay whatever it takes. From the start, Qatar have been insistent they will only buy for the right price. It remains to be seen whether that valuation changes as the possibility of failure looms. Read More What would a Sir Jim Ratcliffe takeover mean for Manchester United Erik ten Hag unsure what funds will be available to strengthen Man Utd’s squad Man Utd fans stage protest against Glazers before and during Aston Villa match
2023-05-13 16:28
Ukraine Latest: Kyiv Hit With Sixth Drone Attack This Month
Russia attacked Ukraine’s capital with drones early Saturday for the sixth time since the beginning of May. President
2023-05-13 15:25
Hunt Says US Debt Impasse Poses Serious Threat for World Economy
UK Chancellor of the Exchequer Jeremy Hunt warned the US debt ceiling impasse poses a serious risk for
2023-05-13 14:18
How BOE Went From Warning About 5% Rates to Closing In on Them
The Bank of England has changed its outlook dramatically since inflation first breached the 2% target in May
2023-05-13 13:51
G7 central banks see need to weigh effects of past rate hikes -BOJ's Ueda
By Leika Kihara NIIGATA, Japan Many central bank governors from the Group of Seven (G7) rich nations appeared
2023-05-13 13:19
Petro Says Colombia Must Respond to High Rates With Tariffs
Colombian President Gustavo Petro urged commercial banks to cut interest rates on loans and added that central bank
2023-05-13 10:25
Yellen to Update Congress on Default Timing Within Two Weeks
Treasury Secretary Janet Yellen said she expects to update Congress within the next two weeks on how close
2023-05-13 09:57
Fed’s Jefferson Says Inflation High, But Policy ‘On Track’
Federal Reserve Governor Philip Jefferson said progress on inflation this year has been “mixed,” but noted that policy
2023-05-13 09:50