Author: Chief Editor

The United States has expressed concern to India that it was being used to export fuel made from Russian crude, through high-seas transfers to hide its origin, to New York in violation of U.S. sanctions, a top Indian central banker said on Saturday. The U.S. Treasury Department told India that an Indian ship picked up oil from a Russian tanker on the high seas and brought it to a port in Gujarat on the west coast, where it was refined and shipped on, said Reserve Bank of India Deputy Governor Michael Patra. U.S. sanctions on Moscow for its February invasion…

Tottenham lived up to pre-season hype they could challenge for the Premier League title by going top of the table on the opening weekend of the season, but face a truer test of their credentials away to Chelsea on Sunday. Antonio Conte has been heavily backed in his first full season as Spurs boss with the signings of Richarlison, Yves Bissouma, Ivan Perisic, Djed Spence, Clement Lenglet and Fraser Forster in the transfer window. But none of the six new faces started in an impressive 4-1 win over Southampton to underline the strength in depth now on offer to Conte.…

Former Governor of Zamfara, Alhaji Mahmud Shinkafi, says a Tinubu presidency in 2023 will accelerate national growth and development. Shinkafi said this on Friday in Abuja, while accepting his appointment as Chairman, Board of Trustees of a political support group, ‘Tinubu Support Group.’ The News Agency of Nigeria (NAN) reports that Tinubu Vanguard is a flagship support group for the realisation of the presidential ambition of the All Progressives Congress (APC) flagbearer, Sen. Bola Tinubu. Shinkafi said that Tinubu’s track records and pedigree showed that he would propel Nigeria to greatness if elected as president. “Considering what he has done…

Lazio president Claudio Lotito has addressed the rumors involving Manchester United-linked midfielder Sergej Milinkovic-Savic, stating that any prospective buyer would have to spend more than €50 million to sign the player. The Red Devils, who are without Paul Pogba, Nemanja Matic, and Juan Mata this season, have been linked with a move Milinkovic-Savic. With his contract expiring in June 2024, it is believed that the Serbian is as close to leaving the Sky Blues as he has ever been. Manchester United are reportedly focused on completing the transfer of Adrien Rabiot from Juventus at the moment. So, it is unclear whether or…

Manchester United are reluctant to pursue a deal for Chelsea attacker Hakim Ziyech despite manager Erik ten Hag being interested in him, according to the Manchester Evening News. Manchester United have made three significant additions to their squad during the ongoing transfer window. They have signed Lisandro Martinez, Tyrell Malacia and Christian Eriksen for a combined fee of around £65 million. The Red Devils are keen to strengthen their squad further before the transfer window closes this month. The goalkeeping department is an area they are looking to bolster while signing a new attacker is also on the agenda. Ten Hag had reportedly identified…

Bank holidays for queen’s jubilee hit UK GDP in June Output falls 0.6% in June vs forecasts for 1.3% drop UK’s Zahawi says data show resilience, economists see recession  Britain’s economy contracted by less than feared in June, when public holidays had been expected to exert a big drag, although sectors most exposed to a worsening cost of living crisis, like retail and restaurants, struggled. Output for the second quarter as a whole still contracted, however, with Britain expected to enter a long downturn at the end of the year in the face of surging inflation and rising interests rates.…

SoftBank Group Corp’s (9984.T) decision to sell down its Alibaba Group Holding (9988.HK), stake for a $34 billion gain may be aimed at bolstering its finances, but it also underlines how CEO Masayoshi Son has cooled on China tech. Son was formerly one of the sector’s biggest cheerleaders and Alibaba is his most famous bet, immensely profitable and for his fans, symbolic of his foresight and investing acumen. Amid a sharp market downturn, however, Son will reduce his conglomerate’s stake in Alibaba to 14.6% from 23.7% by settling prepaid forward contracts, although the Chinese firm remains SoftBank’s largest asset. “It seems like they’re…

A European bank has agreed to process a payment for the transit of Russian oil through Ukraine, Slovak refiner Slovnaft and another source familiar with the matter said, removing the cause of a stoppage of oil supplies to central Europe last week. The payment, if confirmed by all parties, would be a step toward restoring oil flows to the Czech Republic after a week-long outage and also create conditions for future payments for transit to the region. On Tuesday, Russian pipeline monopoly Transneft said supplies via the Druzhba pipeline had been suspended to the Czech Republic, Hungary and Slovakia since…

Big Pharma spent more than any other industry to lobby Congress and federal agencies this year, a Reuters analysis shows, but is still on course for a major defeat by failing to stop a bill that allows the government to negotiate prices on select drugs. Despite the pharmaceutical industry spending at least $142 million on lobbying efforts, the $430 billion Inflation Reduction Act to change climate, health, and tax policies cleared its largest hurdle last week when Democratic lawmakers passed it in the Senate. The U.S. House of Representatives is also expected to pass it on Friday, allowing President Joe…

Barcelona have to focus on offloading quite a few players in the final few weeks of the transfer window or they could land in big trouble. Barcelona will kickstart their 2022-23 La Liga season when they host Rayo Vallecano at the Camp Nou this Saturday. After finishing second in the 2021-22 season, the Catalans will be looking to challenge for the title this term. They’ve recruited incredibly well in the summer but have a long way to go before they can register all of their new signings. Without further ado, let’s take a look at the top stories involving Barcelona…