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Qatar's Sheikh Jassim withdraws bid to buy Man Utd - reports
Qatari banker Sheikh Jassim Bin Hamad Al Thani has withdrawn a bid to buy Manchester United, the BBC reported on Saturday. Sheikh Jassim's bid was for full control of United and promised to clear the club's debt.
IOC to explore Olympic eSports Games
The International Olympic Committee is looking at creating an Olympic eSports Games, IOC president Thomas Bach announced on Saturday. "I have asked our new IOC eSports Commission to study the creation of Olympic eSports Games," Bach revealed during the opening ceremony of the 141st IOC session on Saturday in Mumbai.
IMF agrees funding boost, extra Africa board seat
The IMF announced Saturday member nations agreed to increase their contributions to the global lender and give sub-Saharan Africa a third seat on its executive board at its first meetings on the continent since 1973. While voting shares were not changed, the IMF agreed to expand its executive board from 24 to 25 members to give Africa another seat.
Africa hears pledges but little action at IMF-World Bank talks
Pummelled by debt, poverty and natural disasters, African nations heard many pledges of support but saw little action at the first IMF-World Bank talks to be held on their soil since 1973. The World Bank has provided nearly $20 billion to Kyiv since the start of the war in late February 2022.
Pfizer cuts earnings outlook on lower Covid-19 drug sales
The US pharmaceutical giant Pfizer sharply scaled back its earnings outlook for the year, blaming lower-than-expected sales of two drugs used to treat Covid-19, the company said Friday. The sharp revision to expected sales of Paxlovid, an oral antiviral drug, and the Covid-19 vaccine Comirnaty sent Pfizer's stock tumbling.
Biden unveils 'hydrogen hubs' in push for 2024
President Joe Biden announced new "hydrogen hubs" across the United States on Friday as part of efforts to boost the economy with green energy ahead of the 2024 election. Biden, who is neck and neck with his likely rival next year, Republican Donald Trump, has made green energy a key part of his "Bidenomics" plan to revive US industry and create jobs.
US health care provider, unions reach strike deal
US health care provider Kaiser Permanente and unions representing tens of thousands of its staff said Friday they had reached a tentative deal to end what was billed as the sector's biggest ever strike.
US auto union warns of more last-minute strikes as Detroit talks drag
The US auto workers union announced Friday no new strike targets, but the group's president said the labor action had entered a new stage involving last-minute walkouts. "We're entering a new phase of this fight, and it demands a new approach," United Auto Workers (UAW) President Shawn Fain said in a webcast briefing.
US banks rise on results, but warn on inflation and wars
Shares of US banks jumped Friday following strong results, but executives cautioned that beneficial industry conditions were moderating and said wars in Ukraine and the Middle East adding uncertainty. "My caution is that we are facing so many uncertainties out there," he said.
AFP
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