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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.

Ardian close to buying Cerberus-owned wind farms in Spain: sources

MADRID ( ) – French investment fund Ardian is close to buying wind farms from Spanish renewables group Renovalia in a 550 million euro ($617.87 million) deal, two sources with knowledge of the deal said, marking a move into green energy where buyer interest is hotting up.

Renovalia has been owned by U.S. private equity fund Cerberus since 2015. Among the assets covered by the deal is Renovalia Reserve, a joint venture between Renovalia and BlackRock, according to one of the sources.

Santander is advising on the sale process, the source said.

Cerberus, Renovalia, Ardian and BlackRock declined to comment.

The deal上海夜生活网 shows renewed investor interest in green energy assets now the threat of subsidy cuts that scared investors away from Spanish renewable assets in 2013 has faded. Also, the cost of wind and solar technology has fallen and governments and companies have stepped up efforts to cut carbon emissions.

Ardian aims to put to work some of a 6 billion-euro ($6.74 billion) fund for investments in Europe with the acquisition of Renovalia’s 420-megawatt portfolio.

Renovalia has 1,484 MW wind and solar assets around the world, including 512 MW under development.

After Spain, Renovalia’s biggest market is Mexico, where it manages 662 MW. It is currently discussing selling this business to Jenner Renewables, a power producer managed by Denham Capital and headed by former Gamesa chairman Jorge Calvet, one of the sources said.

A spokesman for Denham Capital declined to comment.

Renovalia also operates in Hungary, Italy, Canada and Chile.

Other foreign firms moving into the sector in Spain include asset manager Capital Dynamics, whose British arm said on May 1 it had bought around quarter of a 300 MW Israeli-owned solar plant near the Portuguese border, in a deal that valued the plant at about 33 million euros.

Last week, British investment manager Foresight bought a 50-MW plant, with 150,000 solar panels, some 280 kilometers (173.98 miles) further south, near the port city of Huelva.

($1 = 0.8902 euros)

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.

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.

Tottenham made a mistake by selling Walker

Jamie Redknapp couldn’t understand Tottenham’s decision to sell Kyle Walker to Manchester City and he claims that it was “a huge mistake” which just showed that Tottenham is “still a small club”.

Spurs have been struggling this season so far as they are, basically said, out from the title race and Jamie Redknapp thinks that the decision not to raise Walker’s salary showed that Tottenham still has got a “small-club上海夜网 mentality”. He also warned the club that the other players might have similar thoughts as Walker and they will probably want to leave as well.

The former Spurs man spoke about the situation in his old club as he said, according to Sky Sports: “Letting Kyle Walker go in the summer looks like a huge mistake. I thought it was good business at the time but now what it’s has done is set a precedent in the dressing room. It looks to me that the players know what the going rate is.”Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

He continued by adding that there could be a problem with the other players: “Toby Alderweireld is one of the best centre-backs in the world – why has he not signed? Go and give him whatever he deserves. Tottenham have got players anyone in the world would want, but things can quickly slip through your fingers. Once one leaves, then another one. It gives every player an out. They’ve still got a small club mentality there. It’s not changed since I was there.”

Jamie Redknapp, in the end, claimed that he understands that thinking: “These players are well aware of what the going rate is. It’s about going into the England dressing room and seeing a player that plays in your position, knowing he’s getting two or three times what you’re getting a week. It shouldn’t be like that.”

Messi backs Higuain and his importance for the national team

Lionel Messi, the Argentina captain, defended Gonzalo Higuain as he spoke about his importance for the team and that he fully deserves to be part of the team for the upcoming World Cup.

Gonzalo Higuain was criticized multiple times for being unable to perform properly in the major international tournaments – and he was blamed as the biggest reason of Argentina not winning the la上海夜网st World Cup final against Germany. But Lionel Messi, his side’s captain, insisted that there is no reason why to blame Higuain for that and he deserves to be given another chance to prove himself.

The Barcelona star spoke about Higuain making the final cut as he said, according to Goal: “Pipa has suffered a lot from criticism and we have talked about it a lot of times. But I think that this time away from the national team has done him good, now he is seeing things in a different light. He has to be [in the team] because he is vital, he is one of the best forwards in the world and he always shows it.” Messi made Di Maria cry during the last Copa America Tomás Pavel Ibarra Meda – During an interview with ESPN Argentina, Angel Di Maria revealed when Messi made him and the Albiceleste players cry with a speech.Lionel Messi was…

Messi also showed his support towards his national team’s coach, Jorge Sampaoli: “Argentina is a big step up. At Chile, [Sampaoli] was not obliged to win every game, here he is. Jorge was judged even before he came to Argentina, a lot of people had written him off before he started working. He has told me on many occasions I am the best player in history.”

In the end, the Argentina international also spoke about his possible comeback to his childhood club, Newell’s: “I have said many times that my dream is to play for Newell’s but I don’t know what will happen; part of that doubt is because of the situation in my country. I have a family and my children come first. I want them to grow up in peace, enjoying a safe life. It is horrible to see the things happening in Argentina, to go out on the street and be killed in an attempted robbery.”

One less headache for Zidane

Real Madrid manager Zinedine Zidane has been unfortunate with continuous injuries and suspensions among his defenders this season, but he has received some good news ahead of their game against Sevilla

Sergio Ramos and Dani Carvajal will both miss Los Blancos’ game on Saturday against Sevilla due to suspensions, whereas centre-back Raphael Varane will be out with an injury as well. In addition, Jesus Vallejo picked up a muscular issue earlier, and was not sure whether the French manager can count on him either.

However, as it turns out Zidane can include Vallejo in Madrid’s squad during the weekend, as the defender has been able to recover from his injury in time, saving some hours of headache for his manager.

According to MARCA, early on Friday morning the forecast didn’t look so great, but he was ultim上海夜生活ately able to join the table for training and Zidane confirmed he’d be available during the coach’s press conference.Opinion: Martin Odegaard is perfect for the Premier League Tomás Pavel Ibarra Meda – Given how much he’s been rejected by Real Madrid, we are convinced that Martin Odegaard is perfect for the Premier League.Martin Odegaard is finally…

As a result, the 20-year-old defender will most likely start the game along with Nacho in the centre of the defense, which will be Vallejo’s fourth game this season, but maybe the most important one yet.

The youngster’s career hasn’t been easy and simple so far in the Spanish capital, as he hasn’t played a whole lot due to injuries, and naturally finding himself low in the pecking order with stars like Varane and Ramos ahead of him. If that’s not enough, Vallejo has also picked up a suspension in the first leg of their Copa del Rey game against Fuenlabrada.

This weekend, with a space in the lineup with his name on it, it seemed he’d have to forfeit an opportunity once again, but in the end Vallejo will come to the rescue, MARCA continues.

After all the unfortunate happenings, Zidane will get a break to at least start two natural centre-backs on Saturday.

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.”

UEFA’s ‘Team of the Century’

In anticipation of releasing the ‘Team of the Year’ next week, UEFA has published a ‘Team of the Century’, putting together the players that featured most in their team of the years this century.

The team features, as expected, both Cristiano Ronaldo and Lionel Messi. Furthermore, the first eleven includes six Spanish players. Moreover, six players that play or have played for Barcelona are in the team, as well as three from Real Madrid.

Real Madrid barely salvages a point at home vs Brugge Tomás Pavel Ibarra Meda – With a shocking brace scored by Dennis, Real Madrid barely managed to rescue a point against Brugge in the second half at home.Real Madrid…

The leader of appearances in ‘Team of the Year’ is Cristiano Ronaldo, with 11 picks in the last 16 years. Lionel Messi follows closely.

Iker Casillas, Carles Puyol, Sergio Ramos and Andres Iniesta all have six appearances, Philipp Lahm, Gerard Pique, Xavi and Thierry Henry have five, while Steven Gerrard has three.

The fact that Spain has six players in the team is easy to explain due to the national team’s successes in the period 2008-2012, when they basically dominated world football, winning two European Championships and one World Cup.

At club level, Spanish team ha上海夜生活ve also dominated Europe. Since 2000, Real Madrid won the Champions League trophy five times (1999/2000, 2001/2002, 2013/2014, 2015/2016 and 2016/2017) and Barcelona won it four times (2005/2006, 2008/2009, 2010/2011 and 2014/2015).

The new Iniesta

Gremio’s 21-year-old midfielder Arthur Melo has been linked with some of Europe’s biggest clubs, due to his vision and ability to pass the ball

21-year-old Arthur Melo’s talents in the middle of the pitch have earned him early comparisons with Barcelona icon Andres Iniesta and the youngster gained attention from some of Europe’s biggest clubs.

Melo is not famous for his goal scoring exploits or fancy tricks. Instead, his great strength lies in an uncanny ability to spot the right pass and execute plays perfectly, just like Iniesta or Mesut Ozil.

Furthermore, he also has similar physical attributes as the Barcelona idol does, and the 21-year-old is similarly capable of those startling bursts past defenders that the Spanish legend uses to shrug off the attentions of markers.

According to ESPN, Arthur is also learning how to become a more decisive presence in the opposition area.

“I’m a player who likes to have the ball at my feet, and organise play,” he explained to reporters.Ryan Giggs reflects on changing Daniel James Nedim Maric – Daniel James moved from Swansea to Manchester United in an unlikely transfer which raised many eyebrows.A jump from English second division to the senior…

The youngster admitted he and his coach are forcing the midfielder to somewhat transform into an attacking midfielder role, as he has the potential to be the main playmaker of a team.

“As a defensive midfielder I see more of the ball, further back. But as a playmaker Renato is forcing me to get into the area, reach the goal and try to score, as well as thread the ball through,” he said.

“I am also forcing myself to support the attackers and wingers. I think that is where the difference has come, I am trying to get into the area more to feed those up front.”

His potential was noticed by Premier League giants such as Manchester United, Chelsea, and Manchester City. Furthermore, the youngster has also been linked with Atletico Madrid and FC Barcelona.

Gremio, however, are unlikely to let Melo leave easily. The midfielder’s contract will only expire in January 2019, and the Brazilian side will reportedly not consider a bid lower than上海夜生活网 €10 million for the 21-year-old.

Klopp happy that his team did “extremely well”

After a disappointing part of the season, Liverpool managed to win three times in just one week and Jürgen Klopp hopes that it shows that his side are back on the right track.

Liverpool now have got the same amount of points as fourth-placed Chelsea after beating West Ham United 4-1 away from home – and it was their third consecutive win. Jürgen Klopp’s team beat Huddersfield in the Premier League last weekend and they were able to grab a win also against Maribor in the UEFA Champions League. And the biggest star of the last match? Mohamed Salah, who scored twice and he proves himself to be a good signing.

The former coach of Borussia Dortmund and FSV Mainz was, of course, happy with this week as he said, according to ESPN: “It’s a fantastic week. I’m not sure how far Wembley is away from here, but I felt quite different. Now we’ve responded from that really well. We knew after that game at Tottenham that we were上海夜网 bad. Tottenham is always good, but we were the main reason for this result. We wanted to strike back and the boys did that with really nice results.”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…

He decided to give a chance to Saido Mané who was injured for a while: “I decided after one [training] session, but he had another yesterday. Sadio is a naturally fit player — he’s a little machine. When we trained after Maribor — the first session on Thursday — he was a little bit stiff in the beginning and then you could see how he starts enjoying the intensity. That’s why we decided we should try it.”

Jürgen Klopp had only words of praise for his summer signing, Mohamed Salah: “We watched Salah so often, saw him so often. The scouting department was really behind me and wanted to do it even earlier. He was a decision of all of us. We are glad to have him in our team. He’s a real goal threat, an offensive midfield player who plays more as a second striker. Today he had a different position, but he liked it.”

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.

Klopp doubts Southgate’s nomination

Gareth Southgate’s nomination for the national team is quite surprising and Jürgen Klopp thinks that the Englishman is making his own life difficult by not calling up some experienced players.

The German manager especially talked about Alex Oxlade-Chamberlain and Daniel Sturridge – these two are not in the England squad and Klopp doesn’t agree with that decision. Southgate’s argument in relation to Sturridge on Thursday was that because he was not playing regularly he could not perform “at his very best” for the national team.

The former manager of Borussia Dortmund shared his thoughts as he said, according to ESPN: “It is not our decision but if Gareth Southgate saw the last few games I think for sure he could have invited all three of them. Gareth makes his decisions, I cannot change that. Both of them would play in other English Premier League teams quite regularly.”

He thinks that Southgate will be in a difficult situation with criteria like that: “If he makes it now like this it could be difficult in the future if he sticks to this plan 100 percent — not for us but maybe for England.”Wijnaldum looking to repeat Champions League success Nedim Maric – Liverpool 上海夜生活论坛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…

Jürgen Klopp also spoke about Sturridge who is finally back from injury for good and he is able to perform at a high level: “Daniel had a few injury problems and was called up [in the past] because he is still the striker everyone thinks about. If he [Southgate] thinks he doesn’t need him I cannot change it.”

And the German coach thinks that Oxlade-Chamberlain has been doing well after his recent transfer: “Ox is coming in a new club and that always needs time to adapt. I think he made big steps since he was here. But, again I cannot call him and say, ‘Please, call him up.’”

Is Klopp right or is the Gareth Southgate’s choice the right one?

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.”

Denis Suarez objectives for next season: To play the maximum possible minutes and be at the World Cup

The youngster talks about his professional career and the determination to succeed at BarcelonaWritten by – Nikolay Nikolov, June 13, 2017.

Denis Suarez isn’t about to let his dream of playing for Barcelona slip away.

Having played already for major teams, such as Manchester City and Villarreal, the Spaniard admits that he had to train hard, in order to find a path to the top.

“[It’s been] very complicated, when I left Celta Vigo for City it was to succeed in football and after two years in Manchester, I moved to Barcelona,” said the midfielder to MARCA.

“I was given two years in which I tried to win a first-team spot. It was only when I did well at Sevilla and Villarreal that they took me back to Barcelona. Now that I’m there, no one is going to push me out. I will fight to the death for many years of success in Barcelona.”

Things were going great for the 23-year-old, until the beginning of 2017 when little by little, he stopped entering the line-ups.

“You always expect everything to go well”.Kane: Spurs out of excuses after shock Carabao Cup exit Andrew Smyth – Harry Kane concedes that Tottenham only have themselves to blame follow上海夜生活网ing a shock Carabao Cup exit at the hands of Colchester United.

“I started playing quite a lot and having more prominence. After the Christmas break I returned to a great level, scoring goals and giving assists, but then my progression was cut back a little,” he said.

“I stopped entering the line-ups”, he continued.

“In the middle of the park there were people of a very high level, but I always look for the positive side of things. I’m at a big club like Barcelona, I see it as the first year of learning and next season I’m going to fight to the death.”

The youngster is currently with the U21 Spanish team for the European Championship in Poland but hopes to be included in the senior team for the World Cup in 2018.

“The objective of next year is to have a good season, play the maximum possible minutes, start at Barcelona and thus be at the World Cup,” he said.

“In Spain, the most difficult position to be selected in is the center of midfield, there are great players and we have many who want to be there. I will do everything in my power.”

U.S., China to relaunch talks with little changed since deal fell…

WASHINGTON/NEW YORK ( ) – The United States and China are set to relaunch trade talks this week after a two-month hiatus, but a year after their trade war began there is little sign their differences have narrowed.

After meeting with Chinese President Xi Jinping in Japan just in late June, U.S. President Donald Trump agreed to suspend a new round of tariffs on $300 billion worth of imported Chinese consumer goods while the two sides resumed negotiations.

Trump said then that China would restart large purchases of U.S. agricultural commodities, and the United States would ease some export restrictions on Chinese telecom equipment giant Huawei Technologies.

But sources familiar with the talks and China trade watchers in Washington say the summit did little to clear the path for top negotiators to resolve an impasse that caused trade deal talks to break down in early May.

White House economic adviser Larry Kudlow said Washington was still waiting for China to make good on what he called a “very, very important” pledge to quickly buy more agricultural products, but said there was no firm deadline for such purchases, or for finalizing an overall deal.

Kudlow underscored the divergent perspectives of the world’s two largest economies. He said the United States was seeking remedies and correctives for what it sees as decades of unfair and illegal trading practices, but that would necessarily clash with China’s push for a fair and equitable agreement.

Those differences could still be overcome in negotiations, Kudlow, director of the White House’s National Economic Council, told an event hosted by CNBC, adding, “It’s not impossible. Where there’s a will, there’s a way.”

U.S. Trade Representative Robert Lighthizer, Chinese Vice Premier Liu He and Treasury Secretary Steven Mnuchin are due to resume talks by phone this week.

Kudlow told reporters the two teams would meet in person in the near future.

The United States is demanding that China make sweeping policy changes to better protect American intellectual property, end the forced transfer and theft of trade secrets and curb massive state industrial subsidies. At stake, U.S. officials say, is dominance of the high-tech industries of the future, from artificial intelligence to aerospace.

“We’ve had a change in atmospherics,” said Derek Scissors, a China expert at the American Enterprise Institute, a business-oriented Washington think tank. “While this is great for markets, the administration has not said one specific thing about how we’re unstuck.”

Scissors, who has at times consulted with Trump administration officials, said that both sides got what they wanted out of the summit — a lowering of the temperature and the avoidance of new tariffs that would have been painful for both sides.

“The pressure for one side to give into the other is diffused right now. I expect this to drag out for months,” Scissors added.

NO FIRM COMMITMENTS

Washington and Beijing appear to have different ideas of what the two leaders agreed in Osaka.

Three sources familiar with the state of negotiations say that the Chinese side did not make firm commitments to immediately purchase agricultural commodities.

One of the sources said Trump raised the issue of agricultural purchases twice during the meeting, but Xi only agreed to consider purchases in the context of a broader final agreement.

Other than a small purchase of American rice by a private Chinese firm, no purchases have materialized. Chinese officials and state media accounts in the past week have emphasized that any deal, including agricultural purchases, is dependent on removal of U.S. tariffs.

“The Chinese have been clear they didn’t promise anything,” said one source familiar with the talks.

“The idea they would give up their main leverage before getting anything doesn’t make sense. I could see them buying some pork and buying some soybeans, but it’s still going to be pennies.”

Trump administration officials have also downplayed the extent of pledges to allow Huawei to purchase U.S. technology products, with White House trade adviser Peter Navarro saying that only “lower-tech” U.S. semiconductors could be made available for sale to the company..

reported last week that the Commerce Department’s export control enforcement staff was told to continue to treat Huawei as a blacklisted entity as the department considers requests for licenses to U.S. firms to sell products and services to Huawei

And Kudlow told the CNBC event that the relaxed rules on sale to Huawei would only be in effect for a limited time.

Chinese officials point out that they only got the United States to concede on Huawei at the Osaka talks, rather than on their other demand, which was removing the existing tariffs.

    So the focus on the upcoming talks will be the scrapping on the tariffs, they say.

A second source said that U.S. tariffs on $250 billion worth of Chinese goods and Chinese tariffs on $160 billion worth of U.S. goods could wind up being “the new normal.”

    One Chinese official familiar with the situation said trade talks would be re-started very quickly, but that there was a “fairly large gap” in the core demands of both countries and it would be a challenge to reach consensus on the toughest issues.

“The negotiating environment is even more severe,” the official said.

Another official said China remained concerned about the presence of hawks in the U.S. team, such as Trump advisor Peter Navarro.

“There are bullies there,” the official said.

The officials spoke to on condition of anonymity.

China’s foreign ministry cited Xi as telling Trump at Osaka that “on issues concerning China’s sovereignty and dignity, China must safeguard its core interests”.

WHICH TEXT?

There has been no indication the two sides will resume negotiations using a text that had been largely agreed before China backtracked on commitments in early May, prompting Trump to proceed with a long-threatened tariff hike to 25 percent on a $200 billion list of Chinese imports.

Beijing had cut out of that text commitments to make changes to its laws reflecting reform pledges, arguing that this would violate its national sovereignty.

Finding a way around this issue is paramount for talks. Beyond that, there are many other difficult issues to resolve, including the structure of an enforcement mechanism designed to hold the two sides to their pledges.

U.S. demands for curbs to provincial and local subsidies for Chinese state comp上海夜生活anies, access to China’s cloud computing market, agricultural biotech approvals and the scope of China’s agricultural purchases remain divisive issues for the two sides.

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Claire Reade, a former China trade negotiator at USTR who is now a Washington-based trade lawyer with the firm Arnold and Porter, said there was room on both sides to get a deal.

“There are ways to maneuver around the current red flags that have been put in the ground,” Reade said. “Both President Xi and President Trump have to come out of this saying they stood strong, and they in-effect got a win.”

One way for China to avoid the appearance of giving in to U.S. demands is to take some legal steps on key issues before the deal is agreed. That way they can say they’re doing it on their own terms, she added.

Oil climbs on Iran tensions, stocks edge back from seven-week highs

NEW YORK ( ) – Oil prices added to recent gains on Friday on fears any U.S. military attack on Iran would disrupt flows of crude from the Middle East, while a gauge of global stock markets edged back from seven-week highs following a run-up spurred by optimism over monetary policy.

Gold prices rose to near six-year highs. The dollar fell to a three-month low against a basket of currencies.

Central banks have dominated economic news this week, with the Federal Reserve signaling the potential for a U.S. interest rate cut later this year and the European Central Bank hinting at stimulus measures.

MSCI’s gauge of stocks across the globe shed 0.10%, after a day earlier reaching its highest since May 1.

U.S.-China trade tensions were also in focus ahead of an expected meeting between the countries’ two leaders next week at a G20 meeting in Osaka, Japan.

U.S. stocks were supported by news that U.S. Vice President Mike Pence called off a planned China speech that had been initially cast as a sequel to a blistering broadside he delivered in October, a move aimed at averting increasing tensions with Beijing.

“Having an accommodative interest rate outlook is a positive for the markets, but now investors are looking for direction on trade,” said Christopher O’Keefe, portfolio manager at Logan Capital Management in Ardmore, Pennsylvania.

“For the market to meaningfully move forward from here you have to have some positive outcome on trade.”

On Wall Street, the Dow Jones Industrial Average fell 33.84 points, or 0.13%, to 26,719.33, the S&P 500 lost 3.68 points, or 0.12%, to 2,950.5 and the Nasdaq Composite dropped 19.63 points, or 0.24%, to 8,031.71.

The pan-European STOXX 600 index lost 0.36%.

Trump said he had aborted a military strike on Iran because such a response to Tehran’s downing of an unmanned U.S. surveillance drone would have caused a disproportionate loss of life.

Spot gold a上海夜生活网dded 0.8% to $1,399.05 an ounce, surpassing the $1,400 level during the session.

“There is a perfect mix of ingredients for gold’s rush to the top – a weak macroeconomic environment, low bond yields, soft dollar and rising geopolitical tensions,” said Howie Lee, an economist at OCBC Bank.

Oil futures rallied on fears of disruption to flows in the Middle East, which provides more than a fifth of the world’s oil output.

U.S. crude settled up 0.6% at $57.43 a barrel, and Brent settled at $65.20, up 1.2%.

Government bond yields in the United States and Europe rose but remained near record or multi-year lows after the dovish statements from the central banks.

Benchmark 10-year U.S. Treasury notes last fell 17/32 in price to yield 2.0591%, from 2.001% late on Thursday.

The dollar index, which measures the greenback against a basket of currencies, fell 0.44%, falling to a three-month low, with the euro up 0.66% to $1.1366.