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LONDON--(BUSINESS WIRE)--Oct 3, 2023--

LONDON The number of instances of greenwashing by banks and financial services companies around the world rose 70%

As Newcastle United prepare for their first Champions League home match in over 20 years, their owners have far bigger plans, that could well supersede Europe’s premier competition for decades. The Public Investment Fund and wider Saudi Pro League are targeting Fifa’s first expanded 32-team Club World Cup, to take place in the USA in 2025, to make a major statement of their football power. Such ambitions would also have the added effect of amplifying the prestige of the revised tournament, especially if the Saudi Pro League’s teams at that point feature an even greater proportion of the world’s best players, so as to make it a rival to the Champions League The next phase of a plan that is both a sporting project and a sportswashing project comes as Uefa have made it clear that Saudi Arabian clubs will not be allowed cross confederations to enter their competitions. Internal and informal discussions about the issue involved arguments over whether allowing such a transcontinental switch would facilitate some form of cost control given the disruptive nature of Saudi spending in the last window, but it was ultimately felt this would be an integration similar to LIV Golf. Uefa would also lose the unique leverage that comes with the Champions League. The ambition from Saudi Pro League clubs and the Public Investment Fund - who own four clubs in the competition - is instead to aim for the Club World Cup and help improve its prestige, as that could ensure a glamorous alternative to the Champions League that eventually supersedes it. While many might sniff at that, the argument is that attitudes will change if it features many of the best players in the world. The circumstances have been further conditioned by tension between Uefa and Fifa over a range of issues, but the riches of the club game have proved a core subject. Fifa president Gianni Infantino has long wanted a competition to rival the Champions League, but one that he feels should benefit the wider football world too. An issue is that any expanded Club World Cup would initially need the major European names to make it lucrative, which is why there had previously been talk of £80m offers to the biggest clubs to participate when the idea was first broached before the Covid crisis interrupted the game. Fifa’s plans at that point had been to fund the Club World Cup with Softbank, whose largest investors for the Vision Fund are the Public Investment Fund, the 80 per cent owners of Newcastle United. Such reports brought fury from many stakeholders, because of the argument that figures of that scale would wreak havoc on the competitive balance within domestic competitions. If Boca Juniors and River Plate got huge money for one edition, as an example, it could ensure no one in Argentina is able to financially match them for a decade. Fifa would argue financial mechanisms still need to be resolved, and that this serves to spread the wealth of the game beyond western Europe. That plan was ultimately shelved as the game came together amid Covid, but has since been revised for the 2025 competition. That Club World Cup in effect replaces the Confederations Cup as preparation for the 2026 World Cup in the USA, but with the aim of making it a valued tournament in its own right. That is why the Saudi Pro League’s financial power could be so key to the project. While some former players within Uefa do back the project for reasons of football purism, there is concern that it could be an “Indian Premier League or Kerry Packer-style” disruption with huge impact. Whatever the outcome, Saudi ambition could give both the country’s clubs and Fifa the glamour for the Club World Cup that both want. It could have huge repercussions for the Champions League, without letting Saudi Pro League clubs in. Read More The Premier League now faces a credibility ‘crisis’ – and latest VAR farce is just the tip Sir Jim Ratcliffe reportedly considering minority stake bid for Manchester United Frank Lampard explains why he is ‘not surprised’ by Chelsea’s struggles PGA Tour have received interest from investors other than LIV Golf Chelsea finally catch a break as Mykhailo Mudryk gets his moment Mauricio Pochettino vows to continue to show belief in Chelsea’s young stars

British drugmaker AstraZeneca on Tuesday said it will pay $425 million to settle product liability litigations related to

A man has been receiving backlash for giving his opinions on parenting, despitehaving no children of his own. Mario Mirante took to TikTok to share a video about what he observed when he watched a mother and her son at a park. “Please watch the whole video before you comment. Thanks,” he captioned the clip, after the original was taken down. “The kid is just playing quietly, not being annoying. I don’t hear a peep from him, he’s just doing his thing on the playground,” Mirante said. “The mom the entire time is on her phone, staring right down at her screen. Doesn’t look up one time.” He explained that as he walked by, he noticed the child sitting on top of the slide. “I hear: ‘Hey mom, watch. Watch, Mom,’” Mirante recalled. “And at the top of her lungs, shrieking like a Velociraptor, this mother screams: ‘One second!!!’” The TikToker claimed the mother yelled so loudly that he stopped abruptly to hear what the problem was. When her child heard his mother scream, Mirante claimed that he looked “terrified” and confused, thinking that he upset his mother. “He wasn’t doing anything wrong,” Mirante said. “Mom never looks up from the screen as the kid goes down [the slide].” Mirante added that he is most definitely “judging” the mother based on what he saw in those few minutes. “When your kid isn’t doing something wrong, or in danger, you probably shouldn’t scream at them. It might have some traumatic effects in the future,” he declared, before asking: “Are you guys that attached to your phones?” @mariomirante Please watch the whole video before you comment. Thanks ♬ original sound - Mario Mirante He explained that his original video was taken down due to the amount of negative comments, with people telling him he shouldn’t judge a mother when he is not a parent himself. According to Mirante, some TikTokers told him that “maybe the mom needs a break and she takes him to the park to get that break” or that the mother could’ve been a single mom. Even content creator Abby Eckel stitched Mirante’s TikTok, explaining in a separate video that he has never experienced being the default parent. “A default parent is typically one who is ‘first in line’ when it comes to caring for children, child-related responsibilities, or home-related tasks,” clinical psychologist Amber Thornton wrote in Psychology Today. “If you have never been the default parent, and you don’t know what it’s like to be constantly needed all day, every day if you’re not the one consistently and constantly regulating your child’s emotional needs while also having to regulate your own, which also likely means that you’re having to relearn how to do that because you weren’t taught that as a child,” Eckel said in her TikTok video. “I think it’s wise if you pipe down.” @itsme_abbye If youve never been a parent, please sit down. ♬ original sound - Marriage & Motherhood Many people agreed with Mirante’s video, while others continued to disagree in the comments section. “I am a single mom, I 100 per cent agree with you. Kids remember who is actually PRESENT with them, not glued to their phone, the TV etc etc,” one commenter wrote. “That feeling of ‘but what did I do wrong?’ will stay with that child for a long time. It can be very damaging,” another comment read. “My kid used to say ‘mom’ every five secs. It was a joke in the family. I’d lose my mind about 2 per cent of the time about it. You just caught a bad moment,” one commenter pointed out. Another person wrote: “I thought the same way as you. And then I became a parent. Until you become a parent, you do not understand the struggle.” The Independent has contacted Mirante for comment. Read More The tyrannical fear of being ‘left on read’ is wrecking romance Bride warms hearts after having 104-year-old grandfather serve as ring bearer at her wedding Mother’s TikTok calling out parenting ‘double-standards’ resonates with women everywhere Schoolboy almost dies from swallowing magnets for TikTok challenge Woman shares honest review of New York City apartment TikTok mom slammed after making 5-year-old son run in 104 degree heat

(Reuters) -The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade

The homes of several journalists who work with NewsClick website have been searched.

ZURICH--(BUSINESS WIRE)--Oct 3, 2023--

LONDON--(BUSINESS WIRE)--Oct 3, 2023--

The Powerball jackpot climbed to an estimated $1.20 billion after no ticket matched all numbers to nab the grand prize during Monday night's drawing.

By Brigid Riley TOKYO The dollar reached fresh 11-month highs on Tuesday, pushing the yen down closer to

BENGALURU India's factory activity expanded at the slowest pace in five months in September but remained solid, with