Manchester United have been owned by the Glazers for 13 years. No wonder theyre struggling | David Conn

The Glazers takeover has drained more than 1bn out of United since 2005, not too far off the amount Sheikh Mansour has invested into City At Manchester United, the football clubs multilayered travails, the misery of the manager and the palpable sense of soullessness around Old Trafford are all stark…

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Are You Pound-Proof Yet? The Brexit Endgame Is About to Begin

Time is running out to position for a disorderly Brexit. That’s the chorus growing louder among pound traders and strategists, with Morgan Stanley joining the said to be preparing for a failure to secure an accord on future economic ties with the EU, the European Council meeting in October and…

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Dollar Debt Will Be Elusive to Turkey as U.S. Sanctions Bite

The summer holiday in the bond market may be a long one for Turkey. New dollar issuance, including government and corporate-sector bonds, has dried up, with no sales recorded since April, according to data compiled by Bloomberg. And with corporate-bond losses among the worst in emerging markets amid a plunge…

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Lira Falls to Fresh Record With No Letup in Turkey-U.S. Tensions

The grip of bears on Turkish assets tightened as the nation’s souring relationship with the U.S. added to investor concern over authorities’ inability to put a lid on inflation, sending its currency to a fresh record low and driving up bond yields. The lira plunged more than 3 percent to…

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Dessert Wine Is the New Scotch

Banking on the upswell of interest in digestifs such as amaro and sherry, a growing number of sommeliers in the U.S.—both in fine-dining and more casual restaurants—are hoping to tap into today’s taste for after-dinner drinks with dessert wines.  Looking beyond port, Madeira, and Sauternes, forward-thinking sommeliers are presenting a wider…

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Mark Zuckerberg Tops Warren Buffett to Becomethe Worlds Third-Richest Person

Facebook Inc. co-founder Warren Buffett as the world’s third-richest person, further solidifying technology as the most robust creator of wealth. Zuckerberg, who trails only Amazon.com Inc. founder Bill Gates, eclipsed Buffett Friday as Facebook shares climbed 2.4 percent, according to the

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Putins Soccer Ball for Trump Had Transmitter Chip, Logo Indicates

Russian President Vladimir Putin’s gift of a soccer ball to U.S. President tweeted, “I’d check the soccer ball for listening devices and never allow it in the White House.” It turns out they weren’t entirely wrong. Markings on the ball indicate that it contained a chip with a tiny antenna…

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Trump, Juncker Tout Deal Pulling Back From U.S.-EU Trade War

President Donald Trump and European Commission President Jean-Claude Juncker agreed to suspend new tariffs while negotiating over trade, pulling the U.S. and Europe back from the edge of a transatlantic trade war. The leaders pledged to expand European imports of U.S. liquefied natural gas and soybeans and both vowed to…

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China Begins to Question Whether Its Ready for a Trade War

Xi Jinping vowed to match fell below forecasts last month and economists warnings about a repeat of the market’s collapse in 2015, the last time China saw such open criticism of economic policymakers. “People are going to look back at this year as the pivot point when Xi Jinping overreached…

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1.3bn tidal lagoon project thrown out

TLP claimed no talks have taken place for more than a year and said supporters of the project have vowed to do what they can to make it a reality. How the tidal lagoon numbers crunched Lagoon decision ‘crushing blow’ for Wales Another ‘kick in the teeth’ for Swansea Q&A:…

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Freaked-Out Americans Desperately Seek to Escape the News

Last week, Jen Wrenn, a children’s literacy advocate in San Diego, attended her first political protest after reading about the Trump administration policy of separating small children from their immigrant parents at the border. She had heard Deadline. “A character like Fred takes us back to how we treat each other.”…

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How Canada’s Sacred Cows and 270% Tariffs Set Trump Off at G-7

The Group of Seven ended with an explosion — Donald Trump unloaded on Justin Trudeau and washed his hands of the summit. And he blamed Canadian milk. Trump spent much of the G-7 complaining about Canadian dairy tariffs, mentioning it repeatedly Friday during a leaders’ session on trade, one official…

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