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“China’s May Industrial Output Up by 3.5%”

BEIJING: China’s economy stumbled in May with industrial output and retail sales growth missing forecasts, adding to expectations that Beijing will need to do more to shore up a shaky post-pandemic recovery. The economic rebound seen earlier this year has lost momentum in the second quarter, prompting China’s central bank to cut some key interest rates this week for the first time in nearly a year, with expectations of more to come.

Manchester United in talks to grant exclusivity to Qatari Sheikh for $6B+ sale – sources

LONDON: English football club Manchester United is negotiating granting exclusivity to the consortium led by Qatar’s Sheikh Jassim bin Hamad Al-Thani in talks to sell itself for more than $6 billion, people familiar with the matter said on Thursday. While a deal remains uncertain, the development represents a major milestone in the efforts of Sheikh Jassim — the son of Qatar’s former prime minister who is one of the richest men in the Gulf state — to take over the iconic sports brand.

“DP World ILT20 Season 1: A Popular Choice for Cricket Fans”

Dubai: The inaugural edition of the UAE’s DP World ILT20 cricket league made great waves around the world as the Gulf Giants lifted the glittering trophy in the Feb. 12 final at the Dubai International Stadium. The tournament decider was played in front of a packed stadium as the James Vince-led Giants made history by becoming the first-ever champions of the UAE’s T20 league.

Spain and Brazil to hold anti-racism friendly match in Madrid following Vinicius’ abuse.

MADRID: The Spanish and Brazilian football federations presented their plan on Tuesday for a friendly match at the Santiago Bernabeu in March 2024 to combat racism, after global outrage at the abuse of Real Madrid’s Vinicius Junior. The Brazil winger, 22, suffered racial abuse by Valencia supporters in May, provoking worldwide outrage after he squared off with fans in one stand.

Turkey seeks to host football Euros following Champions League final

GENEVA: Turkiye’s quest to host the men’s European Championship is among the great unfulfilled goals in world soccer. Having newly re-elected state President Recep Tayyip Erdoğan sit next to UEFA leader Aleksander Čeferin at the Champions League final in Istanbul on Saturday should only help before Turkiye’s next two tournament bids are put to votes on Oct. 10.

Nelly Korda and Leona Maguire to impress fans at Aramco Team Series – London.

RIYADH: The highly anticipated Aramco Team Series presented by PIF – London has announced the participation of two of the world’s top golf players, Nelly Korda and Leona Maguire. Returning to the iconic Centurion Club, the event, taking place from July 14 to 16, will mark the third instalment of the global golf series.

Thai Companies Eye $36 Million Investment in Saudi Arabia to Strengthen Business Ties

RIYADH: Thai companies are ready to invest a combined $36 million in Saudi Arabia, a senior figure from the Asian country’s business community has revealed as relations between the two nations continue to develop. Sanan Angubolkul, chairman of the Thai Chamber of Commerce, revealed the figure during a meeting of the Saudi-Thai Business Forum in Riyadh, according to the Saudi Press Agency.

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