Explainer-Jim Ratcliffe: who is the INEOS founder bidding for Manchester United?

9 days ago KFGO

By Manasi Pathak(Reuters) – INEOS, the company owned by Jim Ratcliffe, a British billionaire and long-time Manchester United fan, has formally entered the bidding process to buy the Premier League soccer club. INEOS Group Limited is a British multinational chemicals company headquartered and registered in London. The BBC reported INEOS generates sales of around 50 billion pounds ($62 billion) and employs more than 26,000 people. INEOS owns French Ligue 1 club Nice, Swiss Super League side FC Lausanne-Sport and works with partner club Racing Club Abidjan of Ivory Coast Ligue One. QSI is currently the owner of French champions Paris St Germain and has a stake in Portuguese soccer club SC Braga.
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Minnesota GOP secretary of state hopeful seeks tighter rules

Crockett acknowledged that state law does not require the secretary of state’s office to review the ballots of each precinct across the state for accuracy — that’s long been the responsibility of Minnesota’s counties. But she suggested that Democratic incumbent Steve Simon should have caught the errors anyway, since counties are required to mail copies to his office. The problem in Roseau and Kittson counties in northwestern Minnesota was that the same vendor neglected to include candidates’ party designations when it printed their ballots. The Minnesota Supreme Court on Monday authorized the two counties to reprint the ballots. The two counties are sparsely populated but voted heavily for Donald Trump in the 2020 election.

3 months ago KFGO

Russia brings Ukraine ‘dirty bomb’ claim to U.N. as West rejects it as false

“We will regard the use of the dirty bomb by the Kyiv regime as an act of nuclear terrorism,” Russia’s U.N. The foreign ministers of France, Britain and the United States rejected Moscow’s allegations as “transparently false” and reiterated their support for Ukraine. “There would be consequences for Russia whether it uses a dirty bomb or a nuclear bomb.”Russia’s defence ministry said the aim of a “dirty bomb” attack by Ukraine would be to blame Russia for the resulting radioactive contamination. U.S. officials said there was no indication Moscow had made the decision to use a dirty bomb or any nuclear weapon. Kyrylo Budanov, Ukraine’s military spy chief, said Russian forces were preparing to defend Kherson city, not retreat.

3 months ago KFGO

Soccer-LaLiga resumes following Spain’s midweek European debacle

(Reuters) – Real Madrid, Barcelona and Atletico Madrid will be back on the pitch for their LaLiga games this weekend, licking their wounds after disastrous midweek performances in the Champions League. For the first time in history Spain had three teams knocked out of the top European tournament in the group stage, as Barcelona, Atletico and Sevilla failed miserably to advance past their groups to the round of 16. “More is learned from one defeat than from 10 consecutive victories,” Ancelotti told a news conference on Tuesday. This season, however, following the big-money signings of Lewandowski, Raphinha and Jules Kounde, a better outcome had been expected. It’s only the second time in 10 years that we are out in the group stage,” Atletico coach Diego Simeone said.

3 months ago KFGO

Motor racing-Red Bull driver rift adds spice to Abu Dhabi finale

The Red Bull rift could bring fresh drama to Yas Marina, the circuit where last year Verstappen won his first title and denied Lewis Hamilton a record eighth in a massively controversial clash. Verstappen has little at stake this time, having wrapped up his second title in Japan last month, but can expect a grilling from the world’s media after leaving his motives a mystery at Interlagos. Perez acidly accused Verstappen of showing “who he really is” in refusing to hand back a place as requested by Red Bull who want the Mexican to end the season second overall. “I am sure that this race will bring back plenty of happy memories from the last 15 years,” said the 35-year-old. The German could join them on the sidelines with Haas widely tipped to announce Nico Hulkenberg alongside Kevin Magnussen for next season.

2 months ago KFGO

Soccer-Premier League talking points

(Reuters) – Talking points from the latest round of Premier League games:HAALAND CONTINUES TO MAKE PREMIER LEAGUE LOOK EASYAfter going three Manchester City appearances without a goal prior to his side’s clash with Tottenham Hotspur last week, it seemed Erling Haaland was human after all. Haaland broke former Manchester United striker Ruud van Nistelrooy’s record of being the fastest player to four Premier League hat-tricks. His 25-goal league haul from 19 matches would have been enough to win the Premier League golden boot in each of the previous four seasons. Dixie Dean’s record of 60 goals scored in a single league season, set in 1928, remains in sight. Everton have had a number of must-win games since the resumption of the Premier League season following the World Cup and lost them all.

5 days ago KFGO

Shanghai food supplier’s books reveal big profits under COVID lockdown

The disclosure by Pang Pang Xiang, which attributed the spike in margins to supply shortages and surging demand during the lockdown, drew criticism from local bloggers and Chinese social media users this week. Among COVID-related buying customers, group-buying contributed to roughly half of its revenue, with a gross profit margin of 74.7%, according to Pang Pang Xiang’s disclosure. Pang Pang Xiang’s sales were impacted by the lockdown, however. Its revenue dropped 15% from a year earlier during the first five months, though gross profit jumped 35% due to higher margins. Pang Pang Xiang said it will use the IPO proceeds for strategic acquisitions to expand market share, and to improve operation efficiency and scale up its business, without saying when the listing will likely happen, or how much it will raise.

3 months ago KFGO

Arabs cheer Morocco as it becomes last Arab team in World Cup

Morocco beat Canada 2-1 to finish top of their group in a stadium thronged with their supporters. In earlier matches they had tied with Croatia and scored a surprise win over Belgium, the second-ranked team in the world. In Qatar, where the home team along with Saudi Arabia and Tunisia have already been knocked out, Morocco now carries the mantle for an Arab world that has cheered victories by Arab teams against some of the tournament favourites. FIFA and Qatar’s World Cup organisers, the Supreme Committee for Delivery and Legacy, did not immediately respond to a Reuters request for comment on the crowding outside the stadium. Morocco’s last World Cup appearance, four years ago, ended in the group stage.

1 month ago KFGO

Exclusive-Twitter exec says moving fast on moderation, as harmful content surges

On Friday, Musk vowed “significant reinforcement of content moderation and protection of freedom of speech” in a meeting with France President Emmanuel Macron. Irwin said Musk encouraged the team to worry less about how their actions would affect user growth or revenue, saying safety was the company’s top priority. The approach allows for more freewheeling speech while cutting down on the potential harms associated with viral abusive content. “He’s encouraged the team to take more risks, move fast, get the platform safe,” she said. On child safety, for instance, Irwin said Twitter had shifted toward automatically taking down tweets reported by trusted figures with a track record of accurately flagging harmful posts.

1 month ago KFGO

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