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Queen Elizabeth II's funeral cost UK government $200 million
Queen Elizabeth II's funeral cost UK government $200 million
Britain's treasury has revealed that Queen Elizabeth II’s funeral and lying-in-state last year cost the UK government an estimated 162 million pounds ($201 million)
2023-05-19 00:29
Saudi Wealth Fund Takes $15.6 Billion Hit From SoftBank and Tech
Saudi Wealth Fund Takes $15.6 Billion Hit From SoftBank and Tech
Saudi Arabia’s sovereign wealth fund reported a $15.6 billion comprehensive loss for 2022 after the value of its
2023-08-06 23:29
Factbox-As electric cars take off, makers pledge $14.3 billion for US lithium iron phosphate
Factbox-As electric cars take off, makers pledge $14.3 billion for US lithium iron phosphate
By Paul Lienert Interest and investment in lithium iron phosphate (LFP) battery cells and materials, used to power
2023-06-22 13:17
Pilots back wage deal with Lufthansa, averting fresh strikes
Pilots back wage deal with Lufthansa, averting fresh strikes
FRANKFURT Members of the pilots' union VC have voted by a large majority to back a wage deal
2023-08-10 21:27
Regulator must hold football to account over discrimination, says CMS committee
Regulator must hold football to account over discrimination, says CMS committee
Football must be held accountable for how it tackles discrimination by the new independent regulator, a key parliamentary committee has said. In the week where an independent report found evidence of “deep-rooted” discrimination in cricket, the Culture Media and Sport (CMS) committee insists football cannot be relied on to get its own house in order on equality, diversity and inclusion (EDI). It called for EDI measures to be included in a new code for football governance, and for the regulator to have powers to mandate and assess EDI action plans put together by clubs. The Government is committed to legislating for an independent regulator for English football (IREF), with Sports Minister Stuart Andrew telling supporters in Manchester last weekend that it would be one of the first bills to progress after the King’s Speech in the autumn. However, the Government said in its white paper on football governance published in February that it did not believe EDI matters should fall within the immediate scope of the regulator, something which frustrated anti-discrimination charity Kick It Out, particularly given the fan-led review had recommended EDI be in the regulator’s remit. The CMS committee says it is “sceptical” football will come up with suitable collective standards by itself, given the “limited progress” it has observed. A report from the committee, which recommended the Government set up the regulator in shadow form by the end of the year, stated: “We are concerned that the Government has ignored recommendations to include EDI Action Plans for clubs and oversight of these plans within IREF’s remit. “We believe that IREF would be well placed to receive and publish standardised data on compliance with EDI requirements in football, as well as monitoring and enforcing compliance with equality standards through EDI Action Plans. “We recommend that the Government should give IREF the authority to mandate EDI Action Plans as part of its threshold licence conditions for clubs. Clubs’ performances against these Action Plans should be assessed regularly by IREF as part of its routine licence reviews.” Kick It Out chief executive Tony Burnett welcomed the committee’s recommendation and added: “Football has dragged its heels for too long when making the change needed to make it a more welcoming sport. “There is still a lack of diversity in boardrooms, coaching and refereeing, while players and fans suffer from discrimination from the professional game down to grassroots. There has been progress, but a lack of collaboration and few solid outcomes over the past decade mean it’s time for the process to be accelerated. “That is why we endorse the recommendations, already made in the fan-led review, that EDI measures are included in the new Code for Football Governance, and that action plans are part of a club’s licensing conditions. “Placing equality, diversity and inclusion at the heart of football’s governance will help the game grow, therefore safeguarding it for future generations.” The Government will hold roundtable meetings over the coming months to drive forward EDI initiatives across the football pyramid as it continues to engage with the FA, leagues, fan representatives and civil society organisations. The regulator should also set “substantially higher” fan engagement standards rather than accepting existing Premier League standards as the baseline, the committee said. Football’s authorities were also warned to “get their act together” on a new financial agreement between the Premier League, the EFL and the FA, with the new regulator set to be given backstop powers to impose a solution via arbitration if one cannot be reached amongst themselves. However, the PA news agency understands talks over the ‘New Deal For Football’ are progressing well, with regular talks taking place between the three bodies. Read More Football rumours: West Ham delay Declan Rice deal as Pau Torres set for Villa I’d give my other ACL for England to win the World Cup – Leah Williamson Liverpool share first view from very top of new Anfield Road stand Football rumours: West Ham delay Declan Rice deal as Pau Torres set for Villa I’d give my other ACL for England to win the World Cup – Leah Williamson Liverpool share first view from very top of new Anfield Road stand
2023-06-30 14:59
In 'Bidenomics,' Congress delivered a once-in-generation investment — with political promise, peril
In 'Bidenomics,' Congress delivered a once-in-generation investment — with political promise, peril
There are so many dots on the maps they blur into blobs – each one reflecting trillions of public and private dollars flowing in the U.S. in a nationwide investment
2023-08-15 20:28
Fed Will Keep Rates High Thanks to Inflation Fueled by Corporate Greed, Investors Say
Fed Will Keep Rates High Thanks to Inflation Fueled by Corporate Greed, Investors Say
Soaring corporate profits are a big part of the inflation problem, and keeping interest rates high is the
2023-06-12 08:28
Eskom Ramps Up Power Cuts as it Releases Schedule for the Week
Eskom Ramps Up Power Cuts as it Releases Schedule for the Week
South Africa’s state-owned utility Eskom Holdings SOC said it will implement so-called stage 1 power cuts — removing
2023-11-12 21:47
Singapore High Court Grants Injunction Against PM Lee’s Brother
Singapore High Court Grants Injunction Against PM Lee’s Brother
Singapore’s High Court granted injunctions against the estranged brother of Prime Minister Lee Hsien Loong, preventing him from
2023-11-27 19:27
Europe's inflation held steady in August as European Central Bank keeps an open mind on rates
Europe's inflation held steady in August as European Central Bank keeps an open mind on rates
Inflation paused its decline in Europe in August
2023-08-31 17:18
Jefferies Set to Hire Credit Suisse APAC ECM Syndicate Co-Head Chan
Jefferies Set to Hire Credit Suisse APAC ECM Syndicate Co-Head Chan
Jefferies Financial Group Inc. is poised to hire Credit Suisse Group AG’s co-head of Asia Pacific equity capital
2023-06-13 17:25
Biden urges automakers, union to make 'a fair agreement'
Biden urges automakers, union to make 'a fair agreement'
WASHINGTON (Reuters) -U.S. President Joe Biden on Monday called for union auto workers and Detroit's Big Three automakers to come
2023-08-15 01:15