By Matt Tracy Rising borrowing costs made a slight dent in U.S. companies' ability to make interest payments

League One club Reading have been docked three points after failing to comply with an order designed to protect payments to staff. An independent disciplinary commission had ordered the Royals’ ownership to deposit a sum equal to 125 per cent of the club’s forecast monthly wage bill into a designated account by Tuesday. The commission had imposed the order after determining last month that the club had failed to pay player wages on time and in full on or around October 31 and November 30 last year, and on April 28 this year. As a result of those missed payments, the commission docked Reading one point, with a further three suspended, a sanction which has now been triggered by the failure to deposit the funds requested. An EFL statement said: “The EFL continues to acknowledge the negative impact sporting sanctions are having on the football club and remain extremely disappointed and frustrated at the club’s ownership to meet its ongoing obligations under EFL regulations. The League will continue to apply its rules in all circumstances deemed appropriate.” The club released their own statement confirming the activation of the three-point penalty, which concluded: “As communicated to our supporters previously, Mr Dai (Yongge, the club’s Chinese owner) is currently undertaking an ongoing process of seeking sources of stable external investment for the football club, with the aim of mitigating the risk of cashflow complications arising in future.” The latest points penalty means that the Royals fall to 21st position in the League One table. They have won two of their opening six matches but have now lost four points in total which leaves them in the relegation zone. Disillusioned Royals supporters have set up a fan group to protest the running of the club called Sell Before We Dai. And they issued a statement in response to the latest points deduction. The group’s spokesperson Nick Houlton said: “The hard work by the team and others at the club is being undermined by Dai Yongge’s continued failure to resolve the club’s affairs. Today’s announcement is a kick in the teeth for the team, staff and fans alike. “To breach these conditions immediately indicates serious liquidity issues going forward. We urge Dai to step up his search for a new owner and listen to offers. Only last month, the EFL specifically called out Dai Yongge, saying it was extremely frustrated at the consistent failures under his ownership. “Points deductions and transfer embargoes punish fans, not owners. We urge the EFL to concentrate on personally holding Dai Yongge to account for his continued mismanagement of the club. “As for the new season, we now find ourselves in the relegation zone as a result of one person’s repeated failure to manage the club’s affairs properly.” Read More The ex-Premier League player who has set his sights on conquering Mount Everest Reading fail to pay staff and players full salary due to ‘delay in regular funding’ Reading to go part-time after Women’s Super League relegation Harry Maguire’s mother hits out at ‘disgraceful’ criticism of England defender Man Utd punish Jadon Sancho over Erik ten Hag comments Jenni Hermoso among three Spain World Cup winners shortlisted for top FIFA award

Aric Hutchinson claimed that Samantha Miller's death might have been avoidable if the 'negligent' businesses had not overserved Jamie Komoroski

'Oh my God, she would love it. She would lose her mind,' said Brielle Biermann, while discussing how Kim Zolciak would react to her pregnancy

No – celebrities won’t be wearing pajamas at the 2024 Met Gala. Yesterday, Vogue announced the theme of The Costume Institute’s 2024 exhibition at The Metropolitan Museum of Art and the Met Gala motif entitled, “Sleeping Beauties: Reawakening Fashion.” The reveal was met with a myriad of confused individuals online, predicting a display of designer jammies on the red carpet for the famed opening as well as a parade of princesses on the museum steps thinking “Sleeping Beauties” was a reference to the classic Disney animation. Yet, neither are correct. So, if the theme doesn’t call for nighties or knights, what does “Sleeping Beauties: Reawakening Fashion” mean? First, let’s dive into the intention of the exhibit. The new exhibit promises to display 250 archive pieces from the Costume Insititute’s permanent collection, some of which date back 400 years to the Elizabethan period. According to Andrew Bolton, Wendy Yu Curator in Charge of The Costume Institute, the entire exhibit is centered around 50 historical garments, latent and so fragile they can never be worn again – the “sleeping beauties” of the exhibit. The main motivating piece was a Charles Frederick Worth original, an 1877 silk satin ball gown. Each delicate piece, some no longer in their true form, will be reimagined inside innovative casings made to bring the garments back to life. While the inherent movement of each piece is apparent even in a state of stillness, CGI, soundscaping, light projection, the illusion technique Pepper’s ghost, and video animation will be installed to propel these pieces out of their shelling. Just as a 17th century bodice is said to be contextualised next to a modern acquisition, each archival treasure will be juxtaposed with more current designs from lauded creatives like Stella McCartney, Phillip Lim, Yves Saint Laurent, Elsa Schiaparelli, and Christian Dior, all mimicing the same structural concept of its counterpart. Through careful curation, the organic essence of each textile piece will be categorised under three “zones” or sections – land, sea, and sky. By doing this, the idea is to highlight views of the natural world, how perception of these areas has changed, and how they’ve been configured in fashion. In other words, we’ll get to see the evolution of nature and how it’s been developed by industry inventors. Notable pieces by Alexander McQueen like the razor-clam shell dress from the 2001 “Voss” spring/summer collection and the mesmerising butterfly dress from Sarah Burton’s first collection at the fashion house in 2011, will be featured. Overall, “Sleeping Beauties: Reawakening Fashion” intends to dig up tangible pieces of history, some of which were put to rest years ago, to motivate conversation about natural elements and emotion, as well as pay homage to the intimacy between a garment and its wearer with the transformative power of current technology. Based on the aim of the exhibit, we can expect to see the A-listers attending the Met Gala – the annual Costume Institute benefit held on the first Monday in May – in custom-made or revived period pieces that channel all or one of the sections. Designers often collaborate with celebrities to come up with renditions of past runway looks, but this time they’ll most likely be imagining traditional structures, built with organic fabrics and materials. The looks should implement a historical aspect, reminiscing on the evolution of fashion in tandem with conversations and feelings about climate and landscape. We may see a lot of creatives tap figures from Elizabethan times, playing with long and full silhouettes. But one guarantee for the Met Gala every year is stars dressing with absolutely no intention of being on theme. So, who knows maybe someone will show up in their matching PJ set. Read More Met Gala officially announces its 2024 theme Karlie Kloss pokes fun at viral Met Gala 2019 dress: ‘Looking camp right in the eye’ We can’t bash or boast billionaire Kylie Jenner’s brand – yet

"Barbie" and "Oppenheimer" have been such blockbuster movies that their impact appears to be showing up in economic statistics.

Emilia Clarke was thrilled to join the Marvel Cinematic Universe, but a near accident involving Samuel L. Jackson almost sent her reeling.

New arrivals Joao Felix and Joao Cancelo struck their first goals for Barcelona in an impressive 5-0 rout of Real Betis...

How much does it cost to attend the Belmont Stakes?

IRVINE, Calif.--(BUSINESS WIRE)--Sep 21, 2023--

The European Union’s transition to clean energy marked a milestone in May, when solar panels generated more electricity

According to their recent exchanges on social media, Kyle Richards and Mauricio Umansky seem to maintain a friendly relationship