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2023-05-22 17:18
Morgan Stanley’s Wilson Says US Rally Isn’t Start of Bull Market
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Micron Stock Tumbles as China Says Its Chips Are Security Risk
Micron Technology Inc.’s stock dropped more than 6% after China’s cyberspace regulator said that its products failed to
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Germany Business Gloom in Survey Points to Zero Growth for 2023
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China’s New Covid Wave Set to See 65 Million Cases a Week
China is likely to see its Covid-19 wave peaking at about 65 million infections a week toward the
2023-05-22 15:48
Liverpool thought they’d bought the future – but two wrong moves left them counting the cost
As their soon-to-be former teammates formed a guard of honour on Saturday, there were four presentations in all, two for men in tracksuits, two for those who have distinguished themselves in Liverpool shirts over the last eight years and who wore them at Anfield for a final time. The scorer Roberto Firmino and James Milner, the thirty-somethings who are veterans of over 300 Liverpool appearances apiece, had bowed out as influential substitutes. For the younger duo of Naby Keita and Alex Oxlade-Chamberlain, a watching brief felt sadly fitting. It is how they have spent much of their Liverpool careers: sometimes watching on from the bench, often from the stands. Neither has reached 150 appearances in all competitions, even including outings as a substitute. Keita has started 49 league games since his £52m move, or 26 per cent of those in his five years at Anfield, Oxlade-Chamberlain 46 in six, which is just 21 per cent. This season, the Englishman has played 335 Premier League minutes – just 10 per cent of Liverpool’s – and the Guinean 294, or 8.9 per cent. They have had spells as ever-presents on injury bulletins. They were both omitted from Liverpool’s Champions League squad in the autumn, even if the medical team’s pessimism about Oxlade-Chamberlain proved excessive, eventually rendering him fit but ineligible. “Four legends,” Jurgen Klopp had said, but it felt a generous description. Firmino qualifies; so, too, Milner, an unglamorous and often uncelebrated figure, belatedly got his own banner in the Kop. “Ribena for my men – we ride at dawn,” it read, a fine salute to a teetotaller defined by his physical power, willing spirit and leadership qualities. Liverpool, Klopp feels, will miss his mentality. “He sets a high, high bar,” said his manager. But there were heartfelt tributes and a sense of what might have been. The departing quartet fall into two categories: a pair who realised their potential and a duo who did not. It is not entirely their fault. Oxlade-Chamberlain’s Anfield career can be divided into two, though certainly not at the half-way point. He was electric for three months before suffering a cruciate ligament injury against Roma in the 2018 Champions League semi-finals, the dynamic, explosive attacking central midfielder he had always wanted to be. Though he had a fine 2019-20 season, he never recaptured that zest. Keita’s terrific debut against West Ham in 2018 proved a false dawn. He was sporadically excellent thereafter – by and large, he had an impressive 2021-22 season – but Klopp’s assessment last year that of his first 100 games, 80 of them were “really good” was not shared by many supporters. For some, Keita’s time on Merseyside was summed up by his shot in last season’s Champions League final: skied, it was a missed opportunity. For others, it may be epitomised by the Twitter thread of the five strangest reasons for his frequent absences, from getting hurt walking, to being injured on a plane, to a military coup. There was a farcical element but Liverpool could count the cost of two moves that went wrong. They have never had the margin for error that the Manchester clubs possess in the transfer market. For years, they got nearly all of their major signings correct, sometimes spectacularly. But Keita and Oxlade-Chamberlain cost a combined £87m and will leave on free transfers. Each is in his twenties and, while it was not stated explicitly, was not offered a new deal. Klopp is a master of eloquent compliments, but Liverpool gave up on both. For years, camouflaged by the excellence of their elders, it mattered less than it might have done until, suddenly, it proved crucial. Six years after Liverpool agreed to sign both – they wanted Keita so much they waited a year for him to actually arrive – they were supposed to be the future of Liverpool’s midfield and the future arrived. Liverpool’s many midfielders this season fell into three categories: the thirty-somethings, the youngsters and the trio at their supposed peak, in their late twenties. But Fabinho has had an awful campaign and Keita and Oxlade-Chamberlain were bit-part players, making a combined total of seven league starts, none before Boxing Day, none after February, none where they played 90 minutes, only two of which Liverpool won. Without them, it has been a season of makeshift midfields, of problems at the heart of the side. With Thiago Alcantara and Jordan Henderson ageing, perhaps the plan was for this to be the season of Naby Keita: instead it ends with him being released. Liverpool lost the generation game; the next group, whether Stefan Bajcetic, Harvey Elliott or Curtis Jones, all had periods that showed their promise but those who were supposed to represent the present either regressed or simply were not available. A consequence is that much of Liverpool’s summer budget will be devoted to midfielders; with a need to split it to get more than one – which may not have been necessary had Keita flourished and earned a new deal – they won’t get Jude Bellingham. Their outlay could stretch into nine figures; in a sense, they will be looking to regenerate, to shape Klopp’s second side. In another respect, they are seeking to replace Keita and Oxlade-Chamberlain, to find players of the quality they were supposed to show more often. But whether their eventual arrivals are Mason Mount and Alexis Mac Allister or Ryan Gravenberch and Conor Gallagher, the first ability they need to demonstrate is one Keita and Oxlade-Chamberlain have lacked too often: availability. And preferably for at least 50 games a season. Read More Liverpool will still attract top talent across ‘exciting’ and ‘intense’ summer, Virgil van Dijk believes Roberto Firmino ends glorious Liverpool career with imperfect goodbye Jurgen Klopp admits Liverpool have not been good enough for top-four finish
2023-05-22 15:16
Man City’s quest for legitimacy is a battle they may never win
A great was considering the question of greatness. A manager who, even by his own definition, has done the exceptional, accepted he is deemed unfulfilled. Pep Guardiola has reached the stage where his Premier League titles feel routine. In a way, they are: he has five in six seasons. The abnormal has started to appear normal, the extraordinary ordinary. Perhaps the Manchester City manager wanted a greater recognition of the achievement. Or maybe he was reflecting the wider commentary about his reign. “To be considered one of the greatest in Europe we have to win the Champions League, otherwise people will say our time here is not complete,” he said. “There is a part that sometimes can be unfair for the fact you have to win the Champions League to give credit or value to what we have done. It would not be fair to say it’s not extraordinary that what we have done with five Premier Leagues in six. In world football, all managers in the Premier League, the players, sporting directors and clubs, they know how exceptional it is.” It is sufficiently unusual that only two teams have ever previously won five English leagues in six seasons: Liverpool between 1978 and 1984, Manchester United from 1995 to 2001. City have reached points totals neither mustered, but they conquered Europe. The final frontier is also the quest for credit. There is an ongoing battle for a different kind of legitimacy, given the 115 Premier League charges that will be heard, perhaps far into the future. There may be a definitive ruling if some of their funding involved rule-breaking. It may not end the arguments or answer the question if there is an asterisk – or several – attached to this era. City’s place in history is both assured and up for debate. “We don’t need decades to think about how good this was,” Guardiola said. The evidence is apparent on the pitch; City have sustained brilliance for most of the last six seasons. They might yet reach a century of league goals for the third time; they got 99 in a fourth campaign. They already have done one treble, a domestic hat-trick of the Premier League and both cups in 2018-19. They hold the record for points, with 100; the only team to deny them the title in that time, Liverpool in 2019-20, had to start with 26 wins in 27 games. Guardiola has had his travails in Champions League knockout ties but has industrialised the winning of leagues like few others. His 11 in 14 seasons, spread across Spain, Germany and England, speak to the huge talents he has coached, the vast resources he has enjoyed, his considerable prowess on the training ground and his vivid imagination. Most seasons involve tinkering until he finds a formula so potent it leads to an extended winning run: in past seasons, it has involved an array of false nines, or the transformation of Ilkay Gundogan into a box-crashing, goalscoring midfielder, or using Joao Cancelo as a playmaker full-back, or making midfielders like Oleksandr Zinchenko or Fabian Delph into left-backs. The 2023 surge – and City’s record stands at 12 straight league wins, 16 home victories in a row in all competitions and 24 games unbeaten – owed much to making John Stones a hybrid of midfielder, full-back and centre-back. Cancelo, the great revolutionary, was exiled when Guardiola complained about the “happy flowers” in his team. “How nice and intelligent I was,” he reflected. The Premier League charges for breaching financial regulations may have been a reason why the division’s chief executive Richard Masters ended up presenting medals to City: they helped generate a siege mentality. There were other factors. “To get to where Manchester City are, a lot of things have to align,” noted Frank Lampard, the beaten Chelsea manager on Sunday. “They’ve built this over years [with an] incredible vision of the club. I worked here for a year, I understand the people at the top and how well organised it is and they’ve brought in a great coach and so many great players so they are the benchmark.” Perhaps few arrived as great footballers, though. But Gundogan and Kevin De Bruyne, class acts and big-game players, were especially influential in the run-in. The exponential improvement of footballers under Guardiola’s coaching – Stones, Rodri, Nathan Ake and Jack Grealish are all prominent examples this season – can add a dimension. City are not alone in spending heavily but, in Julian Alvarez and Manuel Akanji, they secured twin bargains in 2022. Then there is the Haaland factor: Erling Haaland’s return of over a goal a game has lent the sense of superhuman prowess. His goal tally and his youth have an ominous element, suggesting City’s superiority could extend for years to come. Haaland could entrench dominance, though it is worth noting the year City cruised to the title was actually 2017-18, when they won by 19 points. “A few weeks ago, Arsenal looked like they might win the league,” noted Lampard. Arsenal were top for 248 days; for the last few weeks of them, it seemed they were intimidated by the idea of City, dropping points even before they were demolished 4-1 at the Etihad. But when the Gunners’ lead stretched to eight points, there were times when City felt a poor result away from losing touch. But the elastic never snapped. “So they bring us to our limits,” Guardiola said. “If we don’t make this run of 12 games in a row winning after making 50 points in the first leg, it would have been impossible.” Arsenal took 50 points in the first half of the season; finish off with two more wins and City will have 52 from the second half. Theirs has been an irresistible response which has lent the feeling of inevitability. It has become City’s extra asset, rendering it harder for anyone to depose them. They will start as overwhelming favourites next season, aiming to become the first team to claim four consecutive English league titles. But there is still the Champions League, still more to prove, still more to win. Read More Five titles in six years: Are Manchester City destroying the Premier League? Man City’s Premier League coronation shows how far their rivals have fallen Pep Guardiola says Arsenal ‘took us to our limits’ and targets Champions League ‘Unstoppable’ Manchester City players have the hunger to win more trophies Frank Lampard reveals Chelsea future ahead of Mauricio Pochettino confirmation Pep Guardiola’s five decisions that won Man City the Premier League
2023-05-22 14:59
China’s Buying a Lot of Commodities From Russia, Just Not Wheat
China’s wheat imports are booming, but one top supplier is missing out: Russia. The Asian nation is on
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A Rare Shift in Crypto Volatility Offers Ether a Boost Relative to Bitcoin
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NatWest to Buy Back £1.3 Billion of Shares From UK Government
NatWest Group Plc has agreed to buy back £1.26 billion ($1.6 billion) of its shares from the UK
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India Removing 2,000 Rupee Note May Spur Gold, Property Rush
India withdrawing its highest value currency notes from circulation may push some consumers to buy precious metals and
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Investors Seek Shelter in Emerging Markets as Recession Risk Hits US
Investors are planning to ramp up bets in emerging markets, according to the latest Markets Live Pulse survey
2023-05-22 14:21