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“DeSantis Appointee Organizes Fundraiser in The Villages”

The $13,200-per-couple fundraiser yet again blends official state business and corporate influence with Ron DeSantis’s presidential campaign.

The post DeSantis State Government Appointee Holds DeSantis Fundraiser in The Villages appeared first on The Intercept.

Business

China’s industrial profits decline, worsening economic gloom

BEIJING: Annual profits at China’s industrial firms extended a double-digit decline in the first five months as softening demand squeezed margins, reinforcing hopes of more policy support to bolster a stuttering post-COVID economic recovery.  The 18.8 percent year-on-year slump in profits came on top of the 20.6 percent contraction in January-April, and added to evidence of an economy that was losing steam on many fronts in May including retail sales, exports and property investment as the youth jobless rate scaled a fresh high of 20.8 percent. 
sport

Jeddah to Host Next FIFA Club World Cup

ZURICH: The 2023 Club World Cup will be played in Jeddah, the home city of Saudi champions Al-Ittihad that have signed Karim Benzema, FIFA said Monday. Al-Ittihad will be joined by the six continental club champions — including Champions League winner Manchester City — for the Dec. 12-22 tournament. It will be the last edition in that format before the 32-team version launches in 2025 in the US.
sport

“Vingegaard and Pogacar Battle for Tour de France Victory”

BILBAO, SPAIN: Defending champion Jonas Vingegaard leads the Tour de France out of the Basque port of Bilbao on Saturday on a 21-day adventure crammed with peaks, postcard panoramas and an eye-catching showdown on a massive dormant volcano on the 3,404km route to Paris. The 30 mountains on the route lend Vingegaard of Jumbo-Visma an edge over two-time champion Tadej Pogacar backed by a reinforced Team UAE squad.
Business

Macron finalizes $100bn climate finance accord with leaders in France

PARIS: Wealthy nations finalized an overdue climate finance pledge to developing countries worth $100 billion on Friday and created a fund for biodiversity and the protection of forests, France’s president said, according to Reuters. Emmanuel Macron was speaking at a final panel of a summit in Paris where some 40 leaders, including two dozen from Africa, China’s prime minister and Brazil’s president had gathered to give impetus to a new global finance agenda.
sport

2023 King Salman Club Cup Games to be Held in Three Saudi Cities

RIYADH: The Arabian Football Federation has released the schedule and confirmed the venues for the group stage matches of the 2023 King Salman Club Cup. The Saudi cities of Taif, Abha and Al-Baha will host the tournament, with the matches being played between July 27 and Aug. 12, the federation said on Thursday. Before then, Sudanese club Al-Hilal will face Aymen Sfaxi of Tunisia in a delayed second qualifying round tie on July 4 and 7, the winner of which will join Saudi side Al-Ittihad, Iraq’s Al-Shurta and Al-Taraji of Tunisia in Group A
sport

Allies of Kyiv pledge to hold Russia accountable for invading Ukraine.

LONDON: Western allies on Wednesday promised to make Russia pay for invading Ukraine as governments and private investors met to fund the country’s reconstruction from the ravages of war. The World Bank has put an estimate of $14 billion on Ukraine’s immediate needs to repair the damage caused by the bitter fighting. But a recent study by the World Bank, the UN, the European Union and the Ukrainian government said the wider recovery of the economy would cost $411 billion.
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