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Uber chief executive laments U.S. trade policy for lackluster IPO

WASHINGTON/NEW YORK ( ) – Uber Technologies Chief Executive Dara Khosrowshahi said on Tuesday the company’s initial public offering last month was hurt by U.S. trade tensions even as he downplayed recent volatility in the stock price.

The comments from Khosrowshahi continue the fallout from Uber’s IPO, which was the most anticipated U.S. listing since Facebook Inc seven years ago but has struggled since going public.

Uber priced shares in its IPO toward the bottom of its target range at $45 and the stock ended its first day of trading on May 10 down 7.6% at $41.57, even as the S&P 500 reversed losses to end in positive territory.

“The timing of our IPO was very much aligned with our president’s tariff wars, the same day,” Khosrowshahi said at an event at the Economic Club of Washington. “So I think we got caught up a bit in the market swirl. And there’s nothing you can do about that.”

Uber shares fell as low as $36.08 but have since rebounded and were trading at $42.21 on Tuesday, down 0.9% on the day.

Employees “have a six-month lockup so nobody in the company cares anyway what the stock prices is now – it’s a bunch of traders,” said Khosrowshahi. “It doesn’t really affect us… We work on building a great enterprise – the market will take care of itself,” he added.

Khosrowshahi addressed the announcement last week of the planned departure of its chief operating officer (COO) and chief marketing officer and he said he will not replace the COO as he organizes Uber “in a bit more of a business unit basis.”

He added they were “tough changes but I think are absolutely the right changes for the next three to five years.”

Khosrowshahi also has the option to buy potentially hundreds of thousands of shares in the ride-hailing fir上海夜生活m at a price well below where the company went public, according to a regulatory filing for Uber’s IPO.

The options highlight how Khosrowshahi is at least partially protected from price swings in Uber’s stock.

Khosrowshahi has options on 750,000 Uber shares that vest gradually and can be exercised at $33.65 per share.

Uber first granted the options on Sept. 5, 2017 with an exercise price of $41.65 per share but this was changed on May 8, 2018, according to the filing. The details were reported earlier on Tuesday by The Information.

An Uber spokesman said the repricing of Khosrowshahi’s option grants was made to shorten the timeline over which they were granted to seven years from 10 years in conjunction with a bonus plan dependent on the company being acquired for or trading at $120 billion. Uber went public at a valuation of $82.4 billion..

There was no material change in the grant’s total value, according to the company’s filing.

“I believe in performance-based pay,” Khosrowshahi said Tuesday when asked about his compensation. “If I do very well for shareholders … that’s a circumstance where I want to be rewarded.”

Khosrowshahi joined Uber in 2017 to replace company co-founder Travis Kalanick who was ousted as CEO.

He was tasked with getting the company ready for its IPO, and convincing investors that he had successfully changed Uber’s culture and business practices after a series of embarrassing scandals over the last two years.

European stocks clock best weekly showing in two months, French shares shine

( ) – European stocks posted their best weekly performance since early April on Friday, aided by strong gains in Paris, against a backdrop of hope among investors that central banks would support global growth with more accommodative policies.

The Bundesbank slashed its growth projections for Germany and euro zone money markets now price in a 60% chance of the European Central Bank cutting interest rates by 10 basis points by year-end, while U.S. job growth slowed sharply in May, feeding expectations of lower U.S. interest rates in 2019.

The pan-European STOXX 600 gained 0.9%, with Paris-traded stocks posting a 1.6% gain. Frankfurt-listed shares rose 0.8%, while their peers in London firmed 1%.

“Investors continue to pile into equities, with the jobs report and subsequent stock rally capping a very good week for equity markets,” Chris Beauchamp, chief market analyst at IG, wrote in a note.

上海夜生活网Sanofi tacked on 4.4% to prop up the French index and European health care stocks, on news it has poached Paul Hudson from Novartis to become its new chief executive later this year.

The STOXX 600’s top performer was Dutch insurer ASR Nederland with a 5.8% rise, after rival Vivat, for which ASR previously made an offer, agreed to be bought by private European life insurer Athora.

Technology shares, broadly sensitive to trade war ructions, starred with a 2% gain. Chinese President Xi Jinping on Friday called U.S. President Donald Trump his friend and said he believed the United States was not interested in rupturing economic ties with China.

The chemicals sector was among Europe’s top performers, rising 1.1%. Belgian chemical and materials maker Solvay gained 2.3%, aided by UBS upgrading its rating on the stock and boosting its target price.

While higher Brent crude futures fuelled energy shares’ 1.2% rise, Polskie Gornictwo Naftowe i Gazownictwo SA led the sector with a 3.5% gain. A unit of the Polish firm bought a stake in the Norwegian King Lear deposit from Total E&P Norge.

Financial services rose 0.8%, with the sector’s gains led by Exor, which added 1.6%. The Milan-listed firm is the top shareholder in Fiat Chrysler Automobiles, which pulled away from an offer to merge with Renault earlier this week.

Automakers and their suppliers gained 0.1%, as a 4.9% fall in German car parts maker Hella following a rating downgrade by brokerage BHF weighed.

Real estate stocks dipped 0.6%, making them the STOXX 600’s only losing sub-sector.

Deutsche Wohnen slid 8.5% after Morgan Stanley downgraded its rating on the German property group to “equal weight” from “overweight”.

The bank cited the risk of rising political involvement in the German residential market. The Berlin Senate proposed earlier this week to impose a five-year rent freeze from January 2020.

Sterling stalls ahead of vote to delay Brexit; dollar ticks up

NEW YORK ( ) – The U.S. dollar gained on Thursday for the first time in a week, albeit modestly, as the pound stalled at lower levels ahead of a vote to extend Britain’s March 29 deadline for exiting the European Union.

The pound was down 0.54 percent at $1.3266 in afternoon American trade as Prime Minister Theresa May piled pressure on rebel lawmakers on Thursday to back her battered European Union divorce deal as parliament prepared to vote on seeking a delay to Britain’s departure that could ultimately derail the process.

A day earlier, the British currency soared nearly 2 percent and reached nine-month highs after lawmakers voted against a potentially 上海夜生活论坛disorderly “no-deal” departure from the EU.

Analysts cautioned against putting large positions on sterling due to lingering uncertainty about Brexit.

“With the uncertainty around (Brexit), it’s not a time … to take sizeable positions. The risk/reward still favors waiting for some clarity,” said Charles Tomes, senior investment analyst at Manulife Asset Management.

The dollar index, a gauge of its strength against six other major currencies, was up 0.22 percent at 96.757. It had fallen overnight, at one point brushing a nine-day trough of 96.385.

The number of Americans filing for unemployment benefits increased more than expected last week, suggesting the labor market was slowing, but probably not to the extent implied by a near-stall in job growth in February.

Other U.S. data showed import prices in February rose by the most in nine months. Still, the inflation trend remained weak as import prices dropped on a year-on-year basis for a third straight month. The data remained supportive of the Federal Reserve’s pledge to be “patient” before raising interest rates.

“In the foreign exchange market overall there’s not a lot of conviction” at the moment, said Tomes. “Volatility is low and people don’t want to put on sizeable positions either way.”

The Australian dollar AUD= fell to its lowest in three days after reports that China and the United States had delayed a meeting to end their trade war. The meeting between President Donald Trump and President Xi Jinping will not occur this month and is more likely to happen in April at the earliest, Bloomberg reported. It was last at $0.7061, down 0.54 percent on the day.

Investors are worried that any escalation in the trade conflict will pummel export-oriented economies like Australia, whose biggest trading partner is China. The yuan was relatively stable in the offshore market, down 0.31 percent at 6.7230.

Goldman Sachs sets targets for Hispanic and black entry-level hires

( ) – Goldman Sachs Group Inc is setting targets for hiring minority groups for the first time as it ramps up efforts to diversify its workforce, according to a memo sent by top executives to employees on Monday.

The Wall Street bank, which last year said it wanted women to make up half of its entry-level workforce, now is aiming to ensure that 14 percent of new analysts and associates in the Americas are Hispanic or Latino and 11 percent of them black, according to the memo, which was seen by .

In Britain,上海夜生活 Goldman Sachs wants 9 percent of its entry-level workforce to be black.

The bank, whose senior executives are primarily white and male, did not set targets for more experienced employees, but is now requiring businesses to interview at least two qualified diverse candidates for each open position.

Goldman Sachs said in the memo it is “nearly there” with the targets it announced last year for campus hiring, and is exploring ways to increase the portion of staff who are lesbian, gay, bisexual, transgender, disabled or veterans.

David Solomon, who took over as chief executive of the bank in October, has been vocal about increasing diversity. He and two deputies sent the staff-wide memo ahead of disclosures on its gender pay gap that are required in Britain.

Last year, Goldman Sachs reported a mean gender pay gap in Britain for its international business of 55.5 percent and a mean bonus gap for the unit of 72.2 percent. Other companies, including HSBC Plc, fared worse.

Goldman Sachs is not alone on Wall Street in its diversity and gender equality campaign. Citigroup Inc has also set goals to have half its global staff to be women, and 30 percent of its staff to be black and Hispanic or Latino in the United States.

China’s Xi touts women’s rights at United Nations, U.S. critical

UNITED NATIONS ( ) – China’s President Xi Jinping told the United Nations on Sunday that all Chinese women have the opportunity to excel, touting his government’s record on women’s rights as the United States slammed Beijing and others for jailing women for their views.

China and U.N. Secretary-General Ban Ki-moon co-hosted a U.N. meeting of world leaders on gender equality and women’s empowerment, raising eyebrows among some western diplomats and human rights defenders in China and abroad.

“As the Chinese people pursue a happy life, all Chinese women have the opportunity to excel in life and make their dreams come true,” Xi told the meeting on the sidelines of the annual gathering of world leaders at the U.N. General Assembly.

China was criticized internationally for detaining five women who were taken into custody on the weekend of March 8, International Women’s Day, after they planned to demonstrate against sexual harassment on public transport.

While the women were released a month later, they say their status as criminal suspects has stopped them from returning to activism and had a chilling effect on women’s rights groups.

“If you want to empower women, don’t imprison them on the basis of their views or beliefs,” U.S. Ambassador to the United Nations, Samantha Power – a member of President Barack Obama’s cabinet – said in a statement.

Over the past couple of weeks, Power has highlighted 20 cases of women unjustly detained around the world for their beliefs or defense of the rights of others, including Chinese journalist Gao Yu, 71, who was jailed in April for seven years for providing state secrets to foreign contacts.

Xi’s administration has detained hundreds of rights activists in the past two years in what some rights groups say is the worst clampdown on dissent in the Communist-led country for two decades.

“In too many places – from China to Egypt, from Russia to Venezuela – women have been swept up in repressive crackdowns on civil society, and deprived of their universal rights and fundamental freedoms,” Obama said in a statement.

Obama’s former Secretary of State Hillary Clinton, a Democratic presidential candidate, also weighed in on Twitter: “Xi hosting a meeting on women’s rights at the U.N. while persecuting feminists?上海夜网 Shameless.”

Xi said China will do more to enhance gender equality as its “basic state policy” and called on developed countries to “scale up financial and technical assistance to developing countries.” He said China would donate $10 million to the U.N. gender equality body, UN Women, to “support women’s development worldwide.”

Chinese officials have said the country’s achievements on women’s issues are clear and that authorities handled the recent case of the five activists according to law.

Ahead of Sunday’s U.N. meeting the five women said in a letter: “We sincerely hope … President Xi can lead by example.”

China has also faced international criticism for effectively placing Liu Xia, the wife of jailed Chinese Nobel Peace Prize laureate Liu Xiaobo, under house arrest since 2010.

Preview: Juventus – Genoa

Juventus could be judging their return to form perfectly and will continue their pursuit of Serie A leaders Napoli when they host a Genoa side.

Flashscore presents the key facts before the match:

After an indifferent start, Juventus have stormed back into contention and are in a direct fight with Napoli, who are one point ahead. The depth in their squad should help the Champions stave off the injury crisis that currently engulfs them.

Genoa sit just six points above the bottom three, but have found their rhythm in recent matches. The visitors have lost just once in their last eight SA games (W4, D3, L1) and even started the new year with a 1-0 win over Sassuolo.

The hosts have been immaculate at both ends of the pitch (49 goals scored, 15 conceded) this campaign. They have kept 11 clean sheets in SA – more than any other side – and have conceded only one goal in their last 11 games in all competitions.

Their visitors have scored only 16 goals so far – the second-fewest – while drawing blanks in seven of their ten trips in SA. However, they have conceded more than one goal only once in these games (10%).

Genoa haven’t conceded in four SA games on the trot. Another clean sheet will make it the first time they have done so since 1964!Top 5 matches to watch during October’s first weekend Tomás Pavel Ibarra Meda – With a new weekend in European football about to begin, we dive into the Top 5 matches to watch across all the major leagues.After…

Key battles: In the absence of Paulo Dybala, Douglas Costa remains the top bet for Juventus. Can he fill the void?

His task will be tough against Genoa’s rock Ervin Zukanovic, who has made the most interceptions and clearances for them so far.

Stat attack: The last time Genoa won at Juventus in SA was way back in 1991, a run of 14 games without victory (L11, D3).

Missing players

Juventus: P. Dybala (muscle injury), C. Marchisio (groin injury)上海夜生活网, G. Buffon (doubtful), J. Cuadrado (doubtful), B. Howedes (doubtful)

Genoa: F. Migliore (calf injury), E. Zukanovic (suspension), G. Lapadula (doubtful).

Manchester United ease their way through the FA Cup 4th round

Manchester United congratulated themselves with an emphatic 4-0 victory over Ligue 2 side Yeovil Town in the fourth round of the FA Cup. The game certainly was the best present for José Mourinho, who turned 55 on the very same day.

Marcus Rashford opened the score in the 41st minute following a shaky display from th上海夜生活e home team’s defense. Ander Herrera doubled United’s lead in the 61st minute after a well-organized counter-attack. Jesse Lingard also put his name on the scoresheet, making it 3-0, while Romelu Lukaku wrapped up the final 4-0 in favour of the Red Devils during the stoppage time of the game.Opinion: Solskjaer needs patience from Manchester United Tomás Pavel Ibarra Meda – As we enter into one of the most complicated moments for Solskjaer, we believe Manchester United needs to be patient with him.Ole Gunnar Solskjaer…

The big news around the game, however, was the debut of Alexis Sanchez who joined Manchester United from Arsenal a few days ago. The Chilean took part in the build up that lead to the first two goals for his team before getting substituted in the second half.

This was also Mourinho’s 100th game in charge of the Red Devils and his current managerial record for the clubs looks the following: Played 100, Won 62, Drawn 23, Lost 15. Another interesting fact regarding Mourinho’s reign is that Zlatan still remains the highest scoring striker for United under the rule of the Portuguese tactician.

Pardew had only words of praise for Rondon

Alan Pardew, the West Bromwich Albion head coach, insisted that he admires Salomon Rondon for his determination to finish the match despite being involved in James McCarthy’s horrific injury.

The Venezuela international had a collision with the home side midfielder in the second-half of this fixture and it caused a horrible double leg fracture for James McCarthy – Rondon fell in tears after that but he managed to finish the match somehow and in the end, he was really close to scoring the winning goal as he hit the crossbar.

The West Brom manager spoke about this incident and Rondon’s effort as he said, according to Sky Sports: “Salomon was traumatised because he probably heard a break or something, a noise that would have affected him, he’s that kind of person.  I wasn’t sure if he was going to carry on but he got himself together after being affected and, fair play to him, he was the best player on the pitch today. He was awesome for us and it was such a shame he hit the bar at the end.”Top 5 Real Madrid players who are succeeding on a loan Tomás Pavel Ibarra Meda – We need to talk about the Top 5 Real Madrid players who are currently succeeding away from the club and are currently on a…

He also added that they could have won this game at the end of the day: “It’s not often you come to Goodison Park and feel slightly disappointed. We felt we could have won that game. We played well at times, took the lead, frustrated Everton and had them where we wanted them.”

In the end, Alan Pardew claimed that he is also disappointed by McCarthy’s injury: “They only had about two or three chances in the gam上海夜生活e and they scored from one and that got them back in the game. The unsavoury incident in the game, which led to James McCarthy getting a bad injury affected everybody a little bit. I’m disappointed for the lad whose been injured but we’re also disappointed we didn’t get a result.”

Mourinho in the stands for Austria – Serbia

Jose Mourinho was spotted in the stands of the Ernst Happel Stadion for the World Cup Qualifying match between Austria and Serbia.

The English press has speculated about the Portuguese manager’s presence in Austria and initially wrote that ‘The Special One‘ was there to watch one of Sergei Milinkovic-Savic, Andrija Zivkovic, David Alaba or Dusan Tadic.

But now it has been revealed by The Mirror that the real target of Mourinho was Mijat Gacinovic, the Serbian midfielder of Eintracht Frankfurt. Mourinho was probably alerted about the talents of Gacinovic by Nemanja Matic and decided to go watch for himself if the 22-year-old is suitable for Manchester United.Report: If not Italy then where for Mourinho George Patchias – Jose Mourinho all but rules out Serie A return because of his relationship with Inter Milan.Mourinho has been without a job in football management…

Mijat Gacinovic is considered one of the best talents in Bundesliga. He has attracted a lot of attention recently, after the two goals he scored for Serbia in the World Cup Qualifiers ag上海夜生活论坛ainst Moldova and Georgia.

Gacinovic signed for Eintracht Frankfurt two years ago, when the Germans paid €1,25m to FK Vojvodina Novi Sad. The 22-year-old recently signed a new contract with Eintracht, keeping him in Frankfurt until 2021. He can operate both in the central midfield line and on the wing and his current market value is €3,5m according to Transfermarkt.

Reus desperate to stay fit

The Borussia Dortmund star is still on the recovery path to full fitness following a serious knee injury.

Marco Reus is certainly one of the most misfortunate footballers when it comes to health. The forward has had his career completely plagued with injuries and he insists he would gladly give up all of his wealth if that would make his career injury free in the future.

The 28-year-old spent a serious amount of time on the sidelines only to return and tear his cruciate ligament, which will force him off the pitch until the early part of 2018.

Reus has revealed that it has been really difficult to keep a positive attitude after all those injuries, insisting that his girlfriend has been the most important person, who has helped him with his recovery and keeping the right state of mind.Report: Hakimi brace gets the victory for Dortmund George Patchias – Achraf Hakimi scored a goal in either half to secure the victory for Borussia Dortmund.After a draw in the opening game of the Champions…

“The tears came again two or three days later when I went through it again in my mind,” he told GQ

“To be alone, working your way back is the most demanding par上海夜生活网t. I was really fed up after three weeks. It’s a brutal mental test because you always have to work on your own.

“As top players, we earn a lot of money, but sometimes we pay a hefty price with our health. I would give away all the money to be healthy again, to be able to do my job. To do what I love: to play football.”

Ginola: Ronaldo still better than Kane

Former PSG midfielder David Ginola says Harry Kane can’t be compared to Cristiano Ronaldo yet

Two of the most fearsome strikers of the world are about to face each other again in Real Madrid and Tottenham Hotspur’s game at Wembley Stadium in the Champions League.

Tottenham superstar Harry Kane cannot be considered at the same level as Real Madrid superstar Cristiano Ronaldo, says David Ginola, GOAL reports.

A lot of speculations have been going around about Kane reaching the same level as the Portuguese, but former France midfielder Gionla says it’s too early to talk about Kane in such heights.

Ginola told talkSPORT: “You can’t compare Harry Kane to Ronaldo…yet.”

He thinks the two players are not even that similar, which makes it hard to draw comparisons.

“Even the qualities are not the same. Ronaldo is about pace – I’m not saying that Harry Kane is slow, but he’s not the same kind of player.”Ronaldo opens up about retirement plans Nedim Maric – Cristiano Ronaldo is still playing at a top-level even at 34 years of age.Juventus is looking to end the 23-year-old drought of not winning…

Kane’s team-mate, Jan Vertonghen spoke highly about the striker, saying he wouldn’t swap the English striker for anyone at the moment.

“Harry for me is one of the best No 9s in Europe, maybe the best. He shows that every week and I wouldn’t swap Harry for any player at the moment.”

However, there are some who disagree with Ginola’s statement. For exam上海夜生活网ple, Steffen Freund said the England striker is a natural “successor” to Ronaldo.

The ex-Spurs winger Ginola also said both players could do great under each team: “You could swap Harry Kane for Ronaldo, obviously, because Ronaldo will do some great stuff for Spurs and Harry Kane will do the same for Real Madrid.”

He said Ronaldo simply works really hard and sends the right message to upcoming prospects, inspiring them put in the work to succeed.

“But, on the other hand, Ronaldo has done so much for the game and he works so hard. All the credit to him because for the last five or six years, even more than that, since he played football, every year he is sending the right message to youngsters – if you want to stay at the top, you need to work really hard.”

Kane has outscored Ronaldo so far this season, with the Tottenham attacker having scored 13 times in just 12 matches, compared to Ronaldo’s 7 goals in 11 games.

Dortmund’s season in danger

Borussia Dortmund have started this season in an incredible form, however the German side can’t seem to keep their performances up

Their emphatic start to the season set club and league records, but it has taken just a few weeks for things to reach a critical point for Borussia Dortmund, GOAL reports.

They have managed to win only 2 out of their last 9 games in all competitions. They are close to elimination in the Champions League, after only drawing against APOEL, and they are about to visit Bayern Munich on Saturday, which will again be a tough game for BVB.

Their start to the season was fantastic: 6 wins out their first 7 Bundesliga matches. In this period, Dortmund scored 21 goals and conceded only 2. It seemed like the club’s new coach Peter Bosz has done a good job putting the team together.

Capitalising on Bayern’s struggles under Carlo Ancelotti, they were touted as title contenders by the media, but their decline has coincided with the Jupp Heynckes-led revival in Bavaria and they have quickly become a club in crisis, GOAL continues.

After being outclassed by Real Madrid and Tottenham, they are no certainties to secure their place in Europe’s top competition over the Cypriot side.Wijnaldum looking to repeat Champions League success Nedim Maric – Liverpool are the reigning winners of the Champions League. However, this isn’t stopping them for aiming to get the glory once again.After a perfect…

With that in mind, staying in the domestic title race will become crucial to ensure their season doesn’t turn into a complete disaster.

Their next game against Bayern could be decisive, as Dortmund was 5 points ahead of Heynckes’ side just a month ago and a defeat now would put them 6 points behind.

Dortmund CEO Hans-Jachim Watzke said to Bild, they’re not a contender to Bayern, even when his side were sitting at the top: “The question is always: what will happen with Bayern? When they recover their form, we have no chance.”

Watzke updated his point with Bayern Munich now on a six-game winning run. He told Sky: “Obviously, once the atmospheric problems between the coach and the team have been resolved, they are stable again.

“If Bayern Munich are stable, then that means they can win everything,” he added.

With that kind of mentality, Dortmund has little to no chance of winning against Bayern. Bad news for the fans, as another loss could see them fall to the point of上海夜生活 no return.

Arrigo Sacchi: Insigne “the perfect replacement” for Neymar

Arrigo Sacchi has given his opinion on who would have been the perfect replacement for Neymar at Barcelona and the former Italy manager indicated Lorenzo Insigne.

Barcelona have lost Neymar to PSG this summer, after the Parisians paid his release clause. The transfer took the Catalans by surprise and ever sine then, they tried to find the perfect replacement for the Brazilian.

Ousmane Dembele was brought in to Camp Nou eventually, after long negotiations led Barcelona to pay an initial €105m for the French forward. Bur Arrigo Sacchi feels another player on Barcelona’s shortlist would have been a more suitable replacement for Neymar.Opinion: The上海夜生活论坛 problem isn’t Phil Coutinho, it’s Barcelona Tomás Pavel Ibarra Meda – Now that we are getting to see Phil Coutinho’s best version at Bayern Munich, we can conclude that the problem is FC Barcelona.FC Barcelona…

In an interview with Gazzetta dello Sport, Sacchi said: “Lorenzo Insigne would’ve been the perfect replacement for Neymar at Barcelona. He’s the greatest Italian talent in 10 years.

I don’t think Barcelona are up to the same standard as Real Madrid. Having lost Neymar, Insigne would’ve been the perfect replacement. He is the greatest Italian talent in 10 years and has some genial intuition.”

Sacchi continued, pointing some of the flaws in Insigne’s game: “He just needs to avoid being ‘sneaky’ when he isn’t in the mood to run. When Dries Mertens and Marek Hamsik block the midfielders who can only go via the right-back, he looks back and tries to make preventative blocks instead of trying to snatch the ball. It’s a shame, because tactically he really is wonderful.”

Mbapp\u00e9 revelas he advised Demb\u00e9l\u00e9 to join Barcelona

The Paris Saint-Germain forward believed that Ousmane Dembélé should play alongside Messi.

Kylian Mbappé has revealed that he advised his fellow countryman to leave Borussia Dortmund to join the Catalans. The 20-year-old winger completed a switch from the German Bundesliga to the Spanish La Liga this summer in an initial €105m transfer, which could rise a further €42m based on bonuses.

Mbappé has now stated that he played an active role when it came to convincing Dembélé to take the offer.

“We discussed it and he asked what I thought about it. I told him to go because it is a great opportunity for him,” the 18-year-old striker told Foot Mercato.Drogba tips for Neymar上海夜生活 and Mbappe to win Ballon d’Or one day Nedim Maric – One of the best strikers in the Premier League era talked about PSG’s sensational duo and their chances of winning individual awards in the…

“He can really become a great player playing with Messi and Suarez in attack. He will really progress. His talent is already incredible, but he can still reach a new level.

“That he can fulfill his dreams is what I wish for him. He managed to do it. In addition he is a friend, so it’s all good.

“We have this passion for football. All that talk about prices or whatever, it does not concern us. What concerns us is just on the pitch. We want to play as we have always played since we started in football, both of us in our home cities.

“It’s not a matter of value or principle, it’s just a matter of passion, feeling, that love of the game.”

Neville finds Mati\u0107 transfer ‘strange’

Nemanja Matić has joined Manchester United following a £40 million move from Stamford Bridge.

Gary Neville is positive that Matić will prove a great fit to the Red Devils, but also finds it strange of Chelsea to let such a player go.

Matić was brought to England by José Mourinho in 2014, winning the Premier League title in his debut campaign. He repeated that feat last season under Antonio Conte as Chelsea clinched the Premier League trophy.

Former Manchester United player Neville believes that the Blues might regret their decision to let an experienced and proved member of the team go.

“Michael Carrick’s obviously got one more year but he can’t play every single week so they’ve got to have that player come in and do the same job.” the defender said to Sky Sports.

“I believe Nemanja Matić can do that.Report: Pallister urges United to sign Maddison. George Patchias – Former Manchester United centre-back Gary Pallister has urged his old club to sign James Maddison from Leicester City.Pallister formed the first great defensive partnership…

“United need a holding midfield player. [Morgan] Schneiderlin was let go earlier this year, [Bastian] Schweinsteiger didn’t get a game.

“There needed to be a replacement in there and ultimately I think Matić will fit the bill.

“It’s a strange one for Chelsea to let him go because I thought he was 上海夜网good for them with Kante and I think they need to strengthen.

“So I’m not sure why he’s been let go so they must have replacements in hand.”

Leicester City sign Harry Maguire from Hull City

The central defender is the club’s first summer signing for undisclosed feeWritten by – Nikolay Nikolov, June 15, 2017.

Leicester City have announced their first summer signing- the central defender Harry Maguire from Hull City.

He has agreed on a five-year deal, joining the Foxes for an undisclosed fee (rumored to be in the region of £17m).

Maguire will stay for at least one more season in the Premier League after his former club was relegated and will play in the Championship next season.

“Once I had my eyes on this club, I always wanted to join,” Maguire told lcfc.com.”Kane: Spurs out of excuses after shock Carabao Cup exit Andrew Smyth – Harry Kane concedes that Tottenham only have themselves to blame following a shock Carabao Cup exit at the hands of Colchester Un上海夜生活ited.

”Thankfully I’m here so I can’t wait to get the season started and kick on.”

The 24-year-old made 29 appearances in the Premier League last season, scoring two goals and providing 2 assists. He also made 6 appearances in the League Cup, scoring once.

Besides from being a centre-back, Maguire can also play at the right-back position.

He becomes Craig Shakespeare’s first signing as Leicester manager as he also signed a new three-year contract last week.

Maguire could play his first game for Leicester in the Premier League Asia Trophy. The tournament will take place in Hong Kong, starting on 19th of July. Leicester will meet West Bromwich and one of Crystal Palace or Liverpool three days later.

Reliance shares see biggest intraday gain in a decade; rivals hit by disruption fears

BENGALURU ( ) – Reliance Industries (RELI.NS) shares saw their biggest intraday rise in more than a decade on Tuesday, after the company set a target to reach zero net debt in 18 months and vowed to reward shareholders with higher dividends and periodic bonus issues.

Reliance led by Mukesh Ambani, Asia’s richest man, said on Monday Saudi Aramco was to invest roughly $15 billion for a 20% stake in its oil-to-chemicals business, while also detailing plans to launch cut-price home internet services across India next month.

The announcements drove Reliance shares up as much as 12% — its biggest such move since Jan. 14, 2009. The spike has put the company within touching distance of becoming the highest-valued Indian company again. Currently, it trails Tata Consultancy Services (TCS.NS) by slightly more than $1 billion.

Its plans to launch JioFiber broadband services threaten to upend India’s telecom market with offers of free voice calls for life, television and movie streaming and even free TV sets to go with some subscription plans.

Analysts at Kotak Institutional Securities said Reliance “hit all the right chords” with its announcements and upgraded the stock to “Buy” from “Sell.”

Shares of telecom majors Bharti Airtel (BRTI.NS) fell almost 7% before recouping some losses, while Vodafone Idea (VODA.NS) slid as much as 10% as the announcements spurred worries of a repeat of what happened just three years ago when Reliance’s telecom upstart, Jio, burst onto the scene.

Jio, with cut-price data plans, has managed to become India’s top mobile operator by subscribers and No. 2 globally in a span of less than three years. The company, with more than 340 million users, said “half a bi上海夜生活网llion customers” are now within its reach.

Jio’s plans to offer free land-line spell further trouble for state-owned Bharat Sanchar Nigam Ltd (BSNL).

BSNL has been reported bit.ly/2YKMHuz to be under severe financial stress, chasing dues worth 30 billion rupees and delaying some employee salaries. At last count, the public sector telco was the fourth largest with 115.9 million users.

Reliance said customers of its Premium JioFiber services will be able to watch movies in their living rooms the same day these movies release in theaters.

It wasn’t immediately clear how Reliance would offer this and multiplex owner Inox INOX.NS said in a release “producers, distributors and multiplex owners in India have mutually agreed to an exclusive theatrical window of 8 weeks, between theatrical release of a movie and release on any other platform.”

Still, shares of theater operators PVR (PVRL.NS) and Inox fell as much as 8% and 10%, respectively, after trading resumed following a holiday on Monday. Shares in Dish TV India (DSTV.NS) also fell.

As of 0733 GMT, Reliance shares were up about 11%, while the broader market .NSEI was down 0.78%.

Georgia Democrat Abrams rules out U.S. Senate run, says not ‘best’ role

( ) – Georgia Democrat Stacey Abrams, a rising Democratic Party star who narrowly fell short of becoming the first female black U.S. governor, said on Tuesday she would not run for the U.S. Senate in 2020 because it was not “the best role” for her.

“The fights to be waged require a deep commitment to the job and I do not see the U.S. Senate as the best role for me in this battle for our nation’s future,” Abrams said in a video posted on Twitter, adding she would work to ensure the state elected a Democrat to the seat.

Abrams stands at the forefront of a diverse and younger generatio上海夜生活网n of Democratic Party leaders catapulted onto the national stage in last year’s midterm elections, and has been discussed as a possible 2020 White House candidate.

Her profile continued to climb when party officials picked her in February to deliver their response to Republican President Donald Trump’s State of the Union speech.

The 45-year-old former Georgia state legislative leader, demonstrated how Democrats could compete in a Southern state that had been voting reliably Republican. She came closer than any Democrat in years by rallying African-American voters, while drawing stronger support from white voters than Democratic presidential nominee Hillary Clinton in 2016, according to exit polls.

Abrams lost the governor’s race by about one percent of nearly 4 million votes cast in a Nov. 6, 2018 election that drew national scrutiny for voter suppression amid widespread complaints of ballot box irregularities, which Abrams blamed for eroding her margins.

“There’s been a lot of doubt about Georgia’s competitiveness that I think has now evaporated,” Lauren Groh-Warren, who managed Abrams’ 2018 campaign, said in an interview with prior to Tuesday’s announcement.

After her defeat, Abrams founded the voting rights nonprofit, Fair Fight Action, which aims to end state practices that have drawn criticism from national voting rights advocates. These practices range from purges of the voter rolls and stringent rules requiring signatures on mail-in ballots, to exact-match official records.

Such requirements can disproportionately affect minority voters who often favor Democratic candidates.

“Bad policies are a direct result of people not being heard because their votes were not counted,” Abrams said in the video, adding she would continue to fight voter suppression.

Abram’s 2018 opponent, Republican Brian Kemp, ignited further controversy for overseeing the election as Georgia’s then secretary of state. Kemp, who has denied nefarious action, stepped down from his post only after winning the governorship.

Despite her loss, Abrams’ candidacy is widely credited with helping to turn out Democratic voters who enabled the party to pick up a congressional seat in the Atlanta suburbs and come close to wresting a second seat away from the Republican Party.

Occidental Petroleum plans to close Anadarko deal soon after August 8 vote

HOUSTON ( ) – Occidental Petroleum Corp plans to quickly complete its $38 billion purchase of Anadarko Petroleum after the latter’s Aug. 8 shareholder vote, the company said on Thursday.

The earlier-than-expected closing will give the company a head start to evaluate assets that it plans to sell to pay off debt supporting the acquisition, Occidental Chief Executive Vicki Hollub said on a conference call following relea上海夜生活论坛se of the company’s second-quarter results.

Occidental is battling activist investor Carl Icahn, who opposed the deal and launched a proxy fight to remove and replace four Occidental directors over what he called the “misguided” acquisition. That contest is expected to drag on into the fall.

Anadarko shareholders are expected next week to approve a deal that provides a 57% premium to its share price the day before it disclosed acquisition talks.

Hollub said the company would not make a decision on the fate of Anadarko’s stake in Western Midstream Partners until after the closing. She has pledged to raise between $10 billion and $15 billion by the end of 2021 from asset sales to help pay for the deal.

“We’ve got a lot of incoming calls about various things,” the CEO said of rivals’ interest in Anadarko assets. She declined to say what properties would be offered.

It has struck an agreement with Total to acquire Anadarko’s Africa assets for $10 billion.

Occidental this week hedged about 40% of its combined oil production into 2020 to assure shareholders it could make its dividend payments while paying off increased debt from the deal, finance chief Cedric Burgher said.

“The hedges will strengthen our cash flow from operations and provide assurance our dividend is safe,” he said.

Cain, Moore nominations for Federal Reserve seats on track: Kudlow

WASHINGTON ( ) – Top White House officials on Sunday defended President Donald Trump’s plan to name two political loyalists to the Federal Reserve board of governors, brushing aside controversies over their personal lives and qualifications to help run the world’s most powerful central bank.

White House economic adviser Larry Kudlow and acting White House Chief of Staff Mick Mulvaney used appearances on Sunday morning talk shows to defend Trump’s plan to nominate economic commentator Stephen Moore and businessman and former presidential candidate Herman Cain to fill open board seats at the Fed.

“The president stands behind both of those gentlemen right now,” Kudlow said on CNN’s “State of the Union.”

“We have two open seats. The president has every right in the world to nominate people who share his economic philosophy.”

Trump has been highly critical of his handpicked Fed chairman, Jerome Powell, after a series of interest rate increases and other act上海夜生活ions last year that Trump feels have held back an economy that would be otherwise growing like a “rocket ship.”

The rate increases have left the central bank’s target interest rate still low by historical standards, and among monetary policy officials were considered a cautious hedge against a return of inflation in an economy that last year was going faster than expected. Keeping inflation under control is a key mission of the Fed, and higher rates help do so by discouraging borrowing and spending.

But “there is no inflation,” Kudlow said. Instead there was “worry that the central bank is not taking account of a weak world economy, some financial tightening in the marketplace,” and made monetary policy too restrictive.

The Fed said it was weak inflation, weakening global growth, and financial volatility that led it last year to put further rate increases on hold and shift other policies as well.

Still, Kudlow said the president believed that the Fed was fundamentally flawed in its view that at some point very low unemployment will lead to higher inflation.

That idea “has been disproven for decades,” he said. “We believe more people working and succeeding does not cause inflation.”

“President Trump has every right to put people on the Federal Reserve Board with a different point of view,” Kudlow said. “He wants people on the Fed who share his philosophy. It is not a political issue. It is an issue of how do you see the world.”

Cain and Moore have not yet been formally nominated, pending the completion of background checks, and would have to be confirmed by the U.S. Senate.

They will likely face questions about a series of matters, including the allegations of sexual harassment that prompted Cain to withdraw from the 2012 presidential race. He has denied the allegations. His current position with a pro-Trump political action committee has also drawn scrutiny.

Moore, meanwhile, has already been asked by Senate Democrats to produce information and documents about a $75,000 lien that the Internal Revenue Service has filed against him for back taxes. He also was cited for contempt of court in 2013 for overdue alimony and child support payments.

On policy, the two have been criticized as overtly political picks whose views of the economy have shifted based on the party in power, and who critics worry would try to shape monetary policy with Trump’s short-term political interests in mind.

Mulvaney said Cain “would be a great member of the Fed.”