US-based investment firm Oaktree Capital Management said on Wednesday it has “assumed ownership” of recently crowned Serie A champion Inter Milan. Inter’s Chinese owner, Suning, failed to repay a loan now worth €395 million ($428 million) that was taken out to help finance the club during the Covid pandemic. In a statement, Oaktree said: “We understand the great responsibility towards the community and the historical legacy of Inter. “We are committed to the long-term success of the Nerazzurri...
THE government has secured a US$37 140 000 loan from the International Fund for Agricultural Development (IFAD) to enhance horticulture production in To access this post, you must purchase a subscription. Please click the button below to visit our subscriptions page to select a package. Subscriptions
Collective bargaining has brought benefits to workers – now it’s being used to improve living conditions and fight rent increasesOn a recent Friday night in San Jose, California, a small group of Spanish-speaking renters sat in the clubhouse of their apartment complex wondering whether the room was bugged. “Let them listen,” said a young man, with a dismissive gesture.They were meeting to strategize about forming a tenants’ association to bargain collectively with their large corporate landlord....
The United States said Monday that arch-enemy Iran sought assistance over a helicopter crash that killed president Ebrahim Raisi, as Washington meanwhile offered condolences despite saying he had “blood on his hands.” The State Department said Iran, which has had no diplomatic relations with Washington since the aftermath of the 1979 Islamic revolution, reached out […]
As the United States raises tariffs on Chinese-made batteries and parts, two Chinese lithium battery parts manufacturers have announced plans to build factories in America, reports Caixin. Capchem Tec
Asian stocks drifted lower while the US dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve’s latest policy meeting to gauge the timing and extent of possible interest rate cuts this year. Japan’s tech-heavy Nikkei edged higher though, driven by chip shares after the Nasdaq hit a record high overnight ahead […]
China has threatened trade with some countries after feuds. They're calling 'the firm' for help
By DIDI TANG Associated Press WASHINGTON (AP) — The U.S. State Department has set up an eight-person team known as “the firm” to provide help to countries cut off from Chinese trade. The team emerged after Washington stepped in to help Lithuania when the northern European country found its cargo shipments to and from China
The U.S. State Department has set up an eight-person team known as “the firm” to provide help to countries cut off from Chinese trade
By DIDI TANG Associated Press WASHINGTON (AP) — Business is good at “the firm.” The eight-person team at the State Department is leading Washington’s efforts to ease the economic blowback for countries targeted by China. It emerged in the scramble to help Lithuania during a spat with China over Taiwan two years ago. Today, “the
From the column: "By upholding its NATO commitments, the U.S. champions multilateralism, democracy, and collective security. This sends a powerful message."
The end of the school year makes it appropriate to review, evaluate and offer observations on the state of high school sports in California. Whether leaders in charge like it or not, they need to hear suggestions and feedback, good and bad, from people without fear of retribution, so let me take a shot. There have been absurd rumors of private schools wanting to form their own media networks outside the CIF, similar to what Notre Dame does at the NCAA level. Others want to keep challenging the...