Alstom Charts Cost-Cutting Course to Slash €2 Billion Debt
Alstom SA is cutting jobs and selling assets to shore up its balance sheet after cash-burn concerns wiped
2023-11-15 15:26
US Federal Pension Fund to Exclude Hong Kong Investments
The main US federal government pension will exclude investments in Hong Kong, in addition to mainland China, for
2023-11-15 14:59
India Set for as Much as $1.5 Billion Inflows With MSCI Changes
Indian equities will likely receive a net inflow of $1.5 billion after changes by MSCI Inc. is set
2023-11-15 14:46
England new-boy Cole Palmer: My decision to go to Chelsea is paying off
Cole Palmer believes his impatience is paying off having flourished for Chelsea and earned a first England call-up since leaving all-conquering Manchester City in search of regular football. Part of Pep Guardiola’s treble-winning squad before helping his country win the Under-21 European Championship, a more prominent role at club level looked on the cards this term. Palmer scored in the Community Shield and another in the Super Cup, but made no secret about his desire for regular action after his man-of-the-match display against Sevilla in the European curtain-raiser. It proved his final City appearance and a fortnight later the forward joined the glut of gems being collected by free-spending Chelsea in a deal worth up to £42.5million, signing a seven-year deal. “It happened fast, to be fair,” Palmer said. “I spoke to someone at Chelsea and I was speaking to my dad, but I really didn’t know what to do. “I was just thinking about it for a couple of days, like near enough every minute of the day. “But then I just thought for my career and stuff I have to go and try and get regular game time. “It was a big move for me. I’d never been out of Manchester, not even on loan or anything like that, so to move down there on my own was a big thing. “When I first went down there it was difficult, like staying in a hotel and stuff, but now I have settled in more and I’m enjoying it.” This season always felt important in promising Palmer’s career, especially after a combination of injury and competition restricted him to just seven starts last year. The 21-year-old has already made eight in an impressive beginning to life with the Blues, leading to a first England call-up following some withdrawals from the initial selection for this month’s Euro 2024 qualifiers. “Obviously you know how good of a manager Pep is and he gave me the opportunity and the platform to kick-start my career, so I’ll always be grateful to him,” Palmer said. “Who knows what would have happened if I had stayed. “Maybe I would have played more, maybe not. But I think the decision that I made to go to Chelsea so far is paying off.” Palmer gave short shrift to a question asking him to compare Guardiola with Chelsea boss Mauricio Pochettino when he faced the media for the first time since his England call-up. But he was more forthcoming when it came to his current manager’s ability to develop English talents, as he did with aplomb at Southampton and Tottenham. “A lot of people told me how he is with young players,” Palmer said. “Ever since I went to Chelsea I can see it, so I’m enjoying working with him and excited to carry on working with him. “He has given me the confidence and licence to go where I want on the pitch, where I feel I can use my strengths, so I’m grateful for it.” Palmer certainly does not lack confidence, which was abundantly clear along with his cheeky side in Sunday’s stunning 4-4 draw with City. Footage went viral of the Chelsea forward pretending to listen to his former team-mates on an afternoon when he celebrated his stoppage-time spot-kick equaliser with a nonchalant shrug. “When I saw the ref give the penalty, I just thought ‘it’s my time’,” Palmer said. “I spoke to Raz (Raheem Sterling). He said ‘what’s happening?’ and I was like ‘I want to take it’. “He was like ‘fine’ and then when I put the ball down I just tried to focus on a spot and put it there.” Asked if he felt pressure or nerves, he said: “Not really, to be honest. “I felt I was waiting for a while and obviously I did think about my old club and stuff but after that not really. “It was a crazy game. I did feel a bit nervous before and a bit weird to see everyone from the club I’ve been at for 15 years. “But when the game started it felt normal and it was a good game.” More positive news awaited him when he waded through the myriad of messages on his phone after returning to the Stamford Bridge dressing room. “I got the message near enough straightaway after the match,” he said of his maiden England call-up. “But my phone was going crazy because I have got some City fans that are my mates and family and all that. “I read it and then like I read it again, so it was confirmed. “I just rang my dad straight away and he was with my mum, so I told them first.” Read More Manchester City acknowledge risk of charges after posting record £712m revenue Jannik Sinner scores first career win against Novak Djokovic in Turin Emma Hayes: Winning Champions League would be fairytale end to time at Chelsea Winter sun will have to wait for Ezri Konsa as he looks to take England chance Incoming Welsh Rugby Union boss vows to ‘turn this round’ after damning review Fin Smith targets England debut next year having caught Steve Borthwick’s eye
2023-11-15 14:25
Siemens Energy Sees Profit in 2024 After Government Intervention
Siemens Energy AG sees a return to profit in the coming fiscal year after a government-led deal boosted
2023-11-15 14:18
Iron Ore Hits $130 for First Time Since March on China Stimulus
Iron ore futures in Singapore touched $130 a ton for the first time since March on an improving
2023-11-15 13:58
Billionaire Lithium Crashers Hamper Australian Deals, Miners Say
Australia’s richest woman and other billionaire entrepreneurs wading into takeover offers threaten to cool enthusiasm over the country’s
2023-11-15 13:57
China Property Slump Deepens as Beijing Mulls More Stimulus
The contraction in China’s home sales and property investment both deepened in October, a steeper downturn that may
2023-11-15 13:57
EU Strikes Deal to Curb Methane Emissions in Oil, Gas Supply
European Union negotiators struck a deal to curb methane releases from fossil-fuel infrastructure and plotted a course to
2023-11-15 13:47
Manchester City acknowledge risk of charges after posting record £712m revenue
Manchester City have acknowledged the Premier League charges facing them risk having a “material impact” on the club, as they posted a league-record revenue figure of over £700million. City earned £712.8m in the year ending June 30, an increase of almost £100m compared to the previous year and far outstripping the £648.4m Premier League record set by Manchester United when their most recent results were announced last month. City’s run to the Champions League final – where they beat Inter Milan 1-0 in June – contributed to total broadcast revenue of £341.4m, including £113.85m just from UEFA. However, the club’s annual report mentioned the 115 charges issued against them by the Premier League in February under the ‘Risks and Uncertainties’ section. “The board acknowledges that there are a number of risks and uncertainties which could have a material impact on the club’s performance,” the report stated. As well as the Premier League charges, the performance of the first team and any future regulatory changes introduced by the Premier League, the Football Association, UEFA and FIFA were also cited as risks and uncertainties facing the club. Introductory statements in the annual report from chairman Khaldoon Al Mubarak and chief executive Ferran Soriano made no reference to the charges. Khaldoon said: “In the aftermath of the UEFA Champions League win in Turkey and the completion of ‘The Treble’ the question I was asked most often, was ‘How do you top that?’ “The answer is by doubling down on the proven philosophies and practices that have brought us this success and to challenge ourselves to continue to constantly innovate in order to achieve new levels of performance both on and off the field. “We will continue to question all the industry norms, we will evaluate our successes and learn from any failures. We will not be afraid to set new goals and develop new strategies that deliver for our club, its communities and stakeholders and especially for the fans.” Matchday revenue was recorded at £71.9m, while profit from player trading was up to over £120m. However, the club’s total payroll costs were just under £423m, up from just under £354m in 2022. That was despite head count dropping from 549 to 520. Read More Jannik Sinner scores first career win against Novak Djokovic in Turin Emma Hayes: Winning Champions League would be fairytale end to time at Chelsea Winter sun will have to wait for Ezri Konsa as he looks to take England chance
2023-11-15 13:23
Schonfeld Ends Millennium Partnership Talks, Secures Billions Elsewhere
It was about 5 p.m. in New York on Tuesday when Steven Schonfeld picked up the phone to
2023-11-15 13:22
Biden, Xi Eye Economic and Military Thaw in High-Stakes Meeting
US President Joe Biden and Chinese counterpart Xi Jinping’s carefully choreographed, much-anticipated sitdown on the sidelines of the
2023-11-15 13:18