World

Saudi Arabia’s spending is adopting a clear shift in strategy

Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia is moving full steam ahead with its focus on domestic investment — and with that, higher requirements for foreigners coming to the kingdom to take capital elsewhere. The kingdom’s $925 billion sovereign wealth fund, the Public Investment Fund, saw its assets jump 29% to 2.87 trillion Saudi riyals ($765.2 …

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USMNT’s Yunus Musah on potential hire of Mauricio Pochettino: ‘He’ll be able to help a lot’

Prospective new U.S. men’s national team head coach Mauricio Pochettino picked up a major endorsement from midfielder Yunus Musah on Thursday, who expressed his excitement at the potential hire as the team eyes a statement-making performance at the 2026 World Cup on home soil. Musah became one of the first USMNT players to comment publicly on the possibility of Pochettino’s …

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Kamala Harris accepts Democratic nomination for president

Vice President Kamala Harris on Thursday officially accepted the Democratic presidential nomination, vowing to unite the country and bring a practical perspective to the presidency if she is elected in November. “I know there are people of various political views watching tonight,” Harris said in her keynote address on the final night of the Democratic National Convention in Chicago.  “And I want …

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U.S. recession is coming and ‘a few rate cuts’ won’t prevent it: Strategist

An Aldi supermarket in Alhambra, California, US, on Thursday, June 27, 2024.  Eric Thayer | Bloomberg | Getty Images Contrary to what many believe, investment research firm BCA Research sees that the economy is on the cusp of a recession, and the predicted upcoming U.S. Federal Reserve rate cuts will not be sufficient to steer markets out of it. “Every …

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Asia stock markets: Japan CPI, Jackson Hole

A customer shops at a supermarket in Tokyo on Feb. 27, 2024. Kazuhiro Nogi | Afp | Getty Images Asia-Pacific markets were set to open lower on Friday as investors await U.S. Federal Reserve chairman Jerome Powell’s comments at Jackson Hole. In the past, Powell has outlined broad policy initiatives and provided clues about the policy path at Jackson Hole. …

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Champions League 2024-25 format: What to know about league phase, teams, how to watch draw, matchdays

Getty Images It is almost time for the UEFA Champions League draw with the 2024-25 season’s league phase set to be decided on Thursday, Aug. 29. The UCL format has changed so we have broken down everything that you can expect from the new-look European top tier competition. Defending champions Real Madrid have already started the new campaign with continental …

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Canadian rail lockout leaves billions in U.S. trade stranded

Locked out railway workers demonstrate outside of the CN Rail Brampton yard on August 22, 2024 in Brampton ON, Canada.  Ian Willms | Getty Images Canada’s Labor Minister Steven MacKinnon announced at a press conference on Thursday that he had directed the Canada Industrial Relations Board (CIRB) to review his request for binding arbitration and the immediate resumption of rail …

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Cristiano Ronaldo starts YouTube channel, breaks record for fastest to one million subscribers

Getty Images International soccer star Cristiano Ronaldo started his own YouTube channel on Wednesday, and nearly instantly he has gained millions of subscribers. Ronaldo’s channel, “UR Cristiano,” features content of himself and his family. “The wait is over. My @YouTube channel is finally here! SIUUUbscribe and join me on this new journey,” Ronaldo posted on Instagram. Ronaldo’s channel was an …

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