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Siemens Energy Sees Profit in 2024 After Government Intervention
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
Analysis-Santa's sleigh to be lighter as people buy fewer toys
Analysis-Santa's sleigh to be lighter as people buy fewer toys
By Richa Naidu and Aishwarya Venugopal LONDON Santa Claus may not have as much to give this year
2023-11-15 14:17
Thailand to receive $8.5 billion worth of investment from AWS, Google, Microsoft
Thailand to receive $8.5 billion worth of investment from AWS, Google, Microsoft
BANGKOK Thailand will receive 300 billion baht ($8.46 billion) worth of investment from Amazon Web Services, Google and
2023-11-15 14:17
Iron Ore Hits $130 for First Time Since March on China Stimulus
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
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
BofA Global Research no longer expects Fed rate hike in Dec
BofA Global Research no longer expects Fed rate hike in Dec
BofA Global Research no longer expects the U.S. Federal Reserve to deliver another interest rate hike in December,
2023-11-15 13:57
Analysis-As Aussie magnates gatecrash lithium deals, bankers get creative
Analysis-As Aussie magnates gatecrash lithium deals, bankers get creative
By Melanie Burton MELBOURNE Australian mining moguls who have gatecrashed the country's recent international lithium deals have pushed
2023-11-15 13:57
China Property Slump Deepens as Beijing Mulls More Stimulus
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
Many parents don't know when kids are behind in school. Are report cards telling enough?
Many parents don't know when kids are behind in school. Are report cards telling enough?
Nearly nine out of 10 parents believe their child is performing at grade level despite standardized tests showing far fewer students are on track
2023-11-15 13:54
EU Strikes Deal to Curb Methane Emissions in Oil, Gas Supply
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
Cuban private grocery stores thrive but only a few people can afford them
Cuban private grocery stores thrive but only a few people can afford them
Dozens of tiny grocery stores have sprung up around Cuba in recent months
2023-11-15 13:23
Manchester City acknowledge risk of charges after posting record £712m revenue
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
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