Monday's football transfer rumours include Kylian Mbappe, Leroy Sane, Ryan Gravenberch, Marco Verratti, Jeremy Doku, Thomas Partey & more.

The United States and China plan further talks on commercial issues next year, the US Commerce Department said Friday in a commitment to continue...

Australia’s central bank has lifted its benchmark interest rate for a 12th consecutive time to 4.1% and warned further rises could follow

A storm battered Britain, northern Germany and southern Scandinavia for a third day with powerful winds, heavy rain and storm surges that caused floods, power outages, evacuations, and traffic disruptions

Consumer cryptocurrency trading should be regulated as gambling, the treasury committee has urged. In a new report, the committee called for consumer trading in unbacked crypto assets to be treated in regulation as gambling. The cross-party committee of MPs said cryptocurrencies such as Bitcoin are being used by criminals in scams and money laundering. Unbacked crypto assets – often called cryptocurrencies – are not supported by underlying assets, the committee added. They pose significant risks to consumers, given their price volatility and the risk of losses, according to the MPs, who said retail trading in unbacked crypto more closely resembles gambling than a financial service and should be regulated as such. The report said: “We strongly recommend that the government regulates retail trading and investment activity in unbacked crypto assets as gambling rather than as a financial service, consistent with its stated principle of ‘same risk, same regulatory outcome’.” The committee pointed to HM Revenue and Customs (HMRC) figures indicating that around 10 per cent of UK adults hold or have held crypto assets. The MPs also said potential productive innovation in financial services should not be unduly constrained. They said technologies underlying crypto assets may bring some benefits to financial services, particularly for cross-border transactions and payments in less developed countries. A balanced approach should be taken to supporting the development of crypto asset technologies, while avoiding spending public resources on projects without a clear, beneficial use, the MPs said. Harriett Baldwin, chair of the treasury committee, said: “The events of 2022 have highlighted the risks posed to consumers by the crypto asset industry, large parts of which remain a wild west. “Effective regulation is clearly needed to protect consumers from harm, as well as to support productive innovation in the UK’s financial services industry. “However, with no intrinsic value, huge price volatility and no discernible social good, consumer trading of cryptocurrencies like Bitcoin more closely resembles gambling than a financial service, and should be regulated as such. “By betting on these unbacked ‘tokens’, consumers should be aware that all their money could be lost.” The committee is considering central bank digital currencies as a separate piece of work. A treasury spokesperson said: “Risks posed by crypto are typical of those that exist in traditional financial services and it’s financial services regulation – rather than gambling regulation – that has the track record in mitigating them. “Crypto offers opportunities but we are taking an agile approach to robustly regulating the market, addressing the most pressing risks first in a way that promotes innovation.” Read More Crypto rules get final approval to make Europe a global leader on regulation Is my money safe? What you need to know about bank failures Nearly 80% of APP scam cases start online, says UK Finance Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live

By Wayne Cole SYDNEY Asian shares rallied on Monday as China announced new measures to support its ailing

Max Verstappen bounced back from his mistake in qualifying for the United States Grand Prix to put his Red Bull on pole position for today’s sprint race. Verstappen will line up from only sixth place for Sunday’s main event at Austin’s Circuit of the Americas after his quickest lap was chalked off for exceeding track limits here on Friday night. But less than 24 hours later, the triple world champion atoned for his error to seal top spot ahead of Ferrari’s Charles Leclerc by 0.055 seconds for the 19-lap dash to the chequered flag later today. “The last lap was not great but we are still on pole so it shows the car is working well,” said Verstappen, with less than a tenth separating the top-three drivers. “It will be an exciting afternoon with cars close to each other so we don’t know what will happen in the sprint race. Normally in the race we are okay, but this track is demanding.” Lewis Hamilton finished third, seven hundredths behind Verstappen, with Lando Norris and Oscar Piastri fourth and fifth respectively for McLaren. George Russell qualified eighth. It was not all plain-sailing for Verstappen after he spun on the exit of Turn 9 in Q2. Verstappen took too much kerb on the entry to the left hander which sent him onto the grass and into a pirouette. But after he completed a 360-degree spin, Verstappen was able to make it back to his garage and into Q3. Hamilton also survived a hairy moment in the opening phase of qualifying when he nudged the back of Yuki Tsunoda’s AlphaTauri. “Check my front wing,” said Hamilton on the radio. “One of the drivers blocked me and we touched.” Hamilton was able to continue and although the stewards noted the incident, no further action was taken. Daniel Ricciardo, absent from the last five races with a broken hand, out-qualified Tsunoda to progress to Q2 and finish 11th. Tsunoda starts 19th, one place ahead of Logan Sargeant who propped up the order for the second day in a row at his home event. The sprint gets under way at 5pm local time (11pm BST). Read More I can do something wiser with my time – George Russell stops using social media Charles Leclerc snatches pole position after Max Verstappen’s lap was deleted Daniel Ricciardo ready for AlphaTauri return at United States Grand Prix On this day in 2009: Jenson Button crowned Formula One world champion in Brazil FIA to review Qatar GP as ‘dangerous’ temperatures prompt driver complaints Lewis Hamilton and George Russell vent anger on radio after collision in Qatar

Former Olympic skiing champion Bode Miller and his wife, Morgan, received a scare this month when three of their children were hospitalized with carbon monoxide poisoning, Morgan...

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All nine Atlantic City casinos turned a profit in the second quarter of this year, although that collective profit was down more than 20% from a year ago

SAN FRANCISCO--(BUSINESS WIRE)--Sep 5, 2023--