
Diageo ends its 15-year partnership with Diddy following lawsuit
Spirits maker Diageo has cut ties with Sean "Diddy" Combs, ending a lucrative 15-year partnership that recently culminated in a racial discrimination lawsuit.
2023-06-28 01:47

Faraday Future investors commit $90 million in funding
Faraday Future Intelligent Electric has received $90 million in funding commitment from its existing investors, the electric-vehicle startup
2023-06-28 01:18

Bankman-Fried loses bid to toss criminal charges over FTX's collapse
By Luc Cohen NEW YORK (Reuters) -A U.S. judge on Tuesday denied Sam Bankman-Fried's bid to have criminal charges against
2023-06-27 23:51

UK, EU sign delayed financial services pact
Britain and the European Union signed a long-awaited cooperation pact on financial services regulation on Tuesday in a new sign of improving post-Brexit...
2023-06-27 23:18

US new home sales jump in May; median house price falls
WASHINGTON Sales of new U.S. single-family homes surged to the highest level in nearly 1-1/2 years in May,
2023-06-27 22:58

US new home sales post surprise jump in May
New home sales in the United States surged unexpectedly in May, the Commerce Department said Tuesday, reaching the highest rate in over a year despite...
2023-06-27 22:25

US core capital goods orders unexpectedly rise in May
WASHINGTON New orders for key U.S.-manufactured capital goods unexpectedly rose in May, but the prior month's data was
2023-06-27 20:58

Macron under fire from left over latest jobs jab
French President Emmanuel Macron on Tuesday faced accusations of minimising the problems of unemployment after he told the mother of a jobseeker that her...
2023-06-27 20:52

Manchester United expecting record annual revenue as takeover saga continues
Manchester United have projected record annual revenue of up to £640million in the current financial year as the takeover saga surrounding the club rumbles on. United’s owners, the Glazer family, are weighing up offers for the club from Qatari banker Sheikh Jassim and Sir Jim Ratcliffe, the founder of chemicals firm Ineos. The Glazers first indicated they could sell by initiating a strategic review last November but the bidding process has dragged on. Reports have suggested Sheikh Jassim’s bid – which is for 100 per cent of the club – is now the most likely to be accepted. Sources close to the Qatari bid have indicated their eagerness to close the deal, with the summer transfer window now open. Supporters staged fresh protests against the Glazers at Old Trafford on Tuesday as the club launched the kit for next season. Revenue guidance for the current financial year was raised to a record £630m to £640m in the third quarter financial results for the period ending March 31, 2023, which were released on Tuesday. This is driven by record match attendance and matchday revenues. Ticket sales for the 2022-23 season surpassed the previous record set in 2016-17, with 2.4m sold. Global memberships also hit 360,000, which United said was the largest paid membership programme in world sport. Revenue for the third quarter was up 11 per cent on the same period last year. Broadcasting revenue was slightly down on the corresponding period due to the club being in the Europa League rather than the Champions League, but was partially offset by the club’s performance in domestic cup competitions. Cash and cash equivalents are at £73.7m, down from £95.8m in the same period last year, reflecting the investment that has been made in the team. However, the figure is £31m higher than in the second quarter, boosted by money coming in from sponsorship and ticket sales. Summer recruitment will not be affected by the results, according to sources close to the club, with enough cash available to enable United boss Erik ten Hag to invest in the team. The limiting factor is understood to be the requirement to stay within financial sustainability rules.
2023-06-27 20:27

America's 10 Most Beautiful—and Surprisingly Affordable—Places to Live
Great location doesn't equal high real estate prices in these American cities.
2023-06-27 20:27

EU agrees tougher rules on banks
The EU struck a deal on Tuesday to implement internationally-agreed banking reforms intended to avert a repeat of...
2023-06-27 20:18

Salary Story: I Was Laid Off During COVID & Now Make $200k
In our series Salary Stories, women with long-term career experience open up about the most intimate details of their jobs: compensation. It’s an honest look at how real people navigate the complicated world of negotiating, raises, promotions and job loss, with the hope it will give young people more insight into how to advocate for themselves — and maybe take a few risks along the way.
2023-06-27 19:23
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