By Pete Schroeder WASHINGTON The chance for persistent inflation to keep interest rates higher and potential losses in

There might be a crisis in the heavyweight division unless the television companies, the promoters, the chancers, the tyrants at the sanctioning bodies, the fixers and the fighters start to realise that they are part of a rich history. The heavyweight division is not a random board game, a place where a good spin can turn the world upside down and a place where all sense of perspective is lost. It is not a game, but it is being run like a crazy game of chance. Tyson Fury, Oleksandr Usyk, Anthony Joshua and Deontay Wilder are circling each other with very little real indication that they will fight each other. In many ways, the crisis point was a long, long time ago. There was a bold claim about six months ago that Saudi Arabian riches would transform the heavyweight division, a claim that over $400m was on the table for the leading four men to meet on one night in two fights. A lot of so-called media were delivered to Riyadh and told the hefty Four Kings would fight, it would be in December, and the heavyweight fairy tale would be complete. The chosen insiders were quick to assure everyone that the money was real, the conviction was real and that it would happen. It fell apart; Fury walked away, Usyk kept busy, Wilder and Joshua are still, in theory, part of a crazy plan. However, even their fight in Saudi in January or February is starting to look more and more like a mirage in that fighting desert. Eddie Hearn, the promoter of Joshua, has not yet ruled the fight out. Usyk’s promoter, Alex Krassyuk, has not yet ruled out a Fury fight. Wilder’s people flew to Saudi to do a direct deal with the promotional company there, so presumably they are still part of the circus. Fury, meanwhile, will fight in Riyadh next month, but his fight with former UFC champion Francis Ngannou is being promoted by another branch of the Saudi government. It is difficult to keep up with this soap opera with blood. Ngannou, incidentally, has never had a single boxing match as an amateur or a professional; his 10 rounds with Fury have recently been given a belt by the WBC. It will not be for Fury’s actual WBC heavyweight title, which I guess is a small mercy. The new Saudi belt, complete with diamonds and gold, is still a belt and that means Ngannou, who is being trained by Mike Tyson, will fight for a WBC belt in his first ever appearance in a boxing ring. Shame on the WBC and their desperate attempt to be relevant. I have no problem with the fight, no problem with crossover events, but the WBC’s decision to award the winner a belt is pathetic. The WBC representative in Riyadh will need sharp elbows to get his face on television, because the Saudi families tend to flood the post-fight ring. Ngannou, incidentally, has been measured to possess the hardest punch in history. It is hard to invent this glorious nonsense. Fury has gone down this route because the money is there, and he is sick and tired of the relentless negotiations for a fight with either Usyk or Joshua. He is, it must be said, not entirely innocent. Although it is hard to blame Fury for going down the Ngannou route, talk of a rematch under mixed martial arts rules is slightly alarming. It is probably harmless chat, but the WBC needs to decide how long they will let their champion loose in the lawless playground of celebrity and crossover fights. There is simply no order, no strict rules, and nobody in a position to call a halt to the anarchy. In the last 12 months, Joshua has fought twice, staying busy and learning with his new coach; Fury has not fought since beating Derek Chisora for the third time last December in defence of his WBC title; Wilder has not been near a ring this year; Usyk stopped Daniel Dubois last month to retain his WBO, WBA and IBF titles. Dubois, incidentally, officially launched an appeal against the decision in that fight, claiming that the fight should have been stopped in Round 5 when he landed what he considers a legitimate body shot. Usyk was instead given nearly four minutes to recover. Krassyuk has ruled out a rematch, insisting that the punch was low and illegal. It means that in 2023, with two champions owning four recognised belts, with a lot of television backing and with a lot of quality contenders, there will be only one world heavyweight title fight. It is crazy and self-harming, and no other sport would survive such idiocy. Boxing has always been in a race against time, a race to get as much money as possible, as quickly and safely as possible, but this decaying state is so bad for business that it will hurt the business going forward. Read More Fans tear apart Tyson Fury over claim that Francis Ngannou poses tougher test than Oleksandr Usyk Watch moment topless Tyson Fury goads Francis Ngannou into taking his shirt off during press conference Sean Strickland shocks Israel Adesanya and MMA world with title win at UFC 293 Eddie Hearn outlines ‘deluded’ plan for Anthony Joshua Tyson Fury urged to highlight Saudi Arabia’s ‘disturbing’ human rights record What is an exhibition fight and how is it different to a professional bout?

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A major bank has recorded a 74% surge in the number of reports of vehicle scams in the first half of this year, with victims losing nearly £1,000 on average. The Ford Fiesta is the most commonly-reported model to feature in vehicle-related scams so far this year, according to Lloyds Bank. Bogus offers of BMWs and Audis also feature heavily among the fake ads, with motorbikes and classic cars also cropping up regularly, it added. There is also a thriving trade in fake ads for parts and accessories, such as alloy wheels, the bank said. According to the testimony of scam victims, vans are also often popular because people are seeking cheap models to be converted in campervans, Lloyds said. The findings were based on analysis of scams reported by Lloyds Banking Group customers during between January and June 2023. This was then compared with the same period in 2022 – and a 74% increase was found. Lloyds said victims are losing an average of £998, with people aged between 25 and 34 being the most likely age group to report being duped. Scams work by fraudsters creating fake posts on social media or online marketplaces to advertise vehicles that do not exist. They will include pictures of genuine cars or vans to convince the unsuspecting buyer that they are genuine. When a potential buyer responds, they will often be asked to make a deposit to “secure” the car, or even sometimes to pay the full amount, alongside excuses as to why the car cannot be physically viewed ahead of the payment being made. The fraudster will often apply pressure-selling tactics, telling the buyer the car is very popular, that they have several other offers, or that the payment must be made by a certain deadline, Lloyds said. Victims may be tricked into sending money via bank transfer. As soon as the payment is made, the buyer will be blocked and the seller’s profile will disappear. Occasionally, a fake address will be provided at which to collect the car, leaving buyers with a wasted trip alongside the financial loss. Ford Fiestas have been highly popular in the genuine sales market. Figures released by the Society of Motor Manufacturers and Traders (SMMT) in August indicated that the Ford Fiesta was the UK’s best-selling used car between April and June. The manufacturer recently ended production of the car at its factory in Cologne, Germany. If you do want to buy something you've found through social media, only transfer funds once the car is in your possession Liz Ziegler, Lloyds Bank Liz Ziegler, fraud prevention director at Lloyds Bank said: “Buying directly from approved dealers is the best way to guarantee you’re paying for a genuine vehicle, and always use your debit or credit card for maximum safety. “If you do want to buy something you’ve found through social media, only transfer funds once the car is in your possession.” Here are some tips from Lloyds Bank to avoid vehicle scams: 1. Fraudsters use social media to advertise vehicles that do not exist. Always do your own research and do not part with any money until you have viewed, and tested, the vehicle in person. 2. Check documents. Always ask to see the seller’s logbook, to verify that the seller is the legitimate owner. 3. The safest way to buy a new or used car is often from well-known, approved dealers. Organisations such as the AA offer specific guidance for buying cars unseen. 4. Low prices and pressure selling tactics are often used to target victims. Question if a deal looks “too good to be true” and compare prices from trusted sources. 5. Always use your debit or credit card when you shop online. This helps to protect your money should something go wrong. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Standard Life confirms plans for pensions dashboard BBC reviews Russell Brand’s time at corporation as YouTube demonetises content BBC removes some Russell Brand content as monetisation suspended on YouTube

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LOS ANGELES--(BUSINESS WIRE)--May 24, 2023--