London (CNN Business) A dozen of Europe's top soccer clubs have agreed to form a breakaway league , producing howls of indignation from the sport's governing bodies, the elected leaders of France and Britain, and legions of their own fans . Why make such an unpopular move? Money, of course. The announcement of the European Super League on Sunday has kicked off a fierce power struggle that could upend the economics of European football. The battle pits the billionaire owners of the league's 12 founding teams, which are among the richest clubs in the world, and Wall Street's biggest bank, against pretty much everyone else. Aleksander Čeferin, president of the Union of European Football Associations (UEFA), told reporters on Monday that the breakaway clubs are "fueled purely by greed." 'Important we stand our ground': Players and fans condemn European Super League "Super League is only about money, money of the dozen, I don't want to … [Read more...] about The breakaway European Super League is all about big money
European union
Politics and economics have come to a head for China, the US and the EU
Verbally, Europe and the U.S. are adopting the same attitude towards China at this point. A few years ago, the European China strategy attributed three roles to China: partner (for example, concerning climate change), economic competitor and strategic rival (considering geopolitical ambitions of Beijing and divergent ideological systems). U.S. Secretary of State Anthony Blinken phrased the attitude towards China as follows: “competitive when it should be, collaborative when it can be and adversarial when it must be.” China has been the main driver of the global economy in recent decades. It played a key role in shaping globalization and provided the West with the opportunity to keep up ultra-loose fiscal and monetary policies due to downward pressure that Chinese labor and products have exerted on global inflation . China first and foremost represented an economic opportunity — geopolitical concerns would be dealt with at a later stage. Later has become … [Read more...] about Politics and economics have come to a head for China, the US and the EU
The Hill’s 12:30 Report – Presented by Facebook – All US adults now eligible for COVID vaccines
Presented by Facebook via GIPHY To view past editions of The Hill's 12:30 Report, click here: http://bit.ly/1M1mIfw To receive The Hill's 12:30 Report in your inbox, please sign up here: http://bit.ly/1Tt4hqN --> A midday take on what's happening in politics and how to have a sense of humor about it.* *Ha. Haha. Hahah. Sniff. Haha. Sniff. Ha--breaks down crying hysterically. The Hill’s 12:30 Report: All U.S. adults now eligible for COVID vaccine | Greece opens to tourists | NASA flies helicopter on Mars | Biden holds bipartisan infrastructure meeting | Rep. Steve Stivers Steven (Steve) Ernst Stivers The Hill's 12:30 Report - Presented by Facebook - All US adults now eligible for COVID vaccines GOP Rep. Steve Stivers plans to retire Former Ohio health director won't run for Senate MORE retires | House to vote on DC statehood | Closing arguments in Derek Chauvin trial | 2024 hopefuls court House conservatives NEWS … [Read more...] about The Hill’s 12:30 Report – Presented by Facebook – All US adults now eligible for COVID vaccines
IEA predicts 5 percent rise in global CO2 emissions from energy this year
The International Energy Agency (IEA) on Tuesday said that global carbon dioxide emissions are expected to increase by 5 percent in 2021, the second largest jump in history. The intergovernmental organization in its Global Energy Review 2021 unveiled the predicted emissions increase, which was previously anticipated following a drop in 2020 amid pandemic lockdown orders and economic slowdowns that decreased production. However, IEA Executive Director Fatih Birol said Tuesday that the agency’s prediction of emissions surging by 1.5 billion tons this year is “a dire warning that the economic recovery from the Covid crisis is currently anything but sustainable for our climate.” ADVERTISEMENT “Unless governments around the world move rapidly to start cutting emissions, we are likely to face an even worse situation in 2022,” Birol noted in a statement along with Tuesday’s report. He added that this Thursday’s Leaders Summit on Climate hosted by President … [Read more...] about IEA predicts 5 percent rise in global CO2 emissions from energy this year
Blinken to participate in G-7 foreign minister meeting in London next month
The U.S. is invited to attend an in-person meeting with the foreign ministers of the Group of Seven (G-7) countries in London next month, the first such meeting in two years. Secretary of State Antony Blinken Antony Blinken Overnight Energy: Treasury creates hub to fight climate change through finance | Sanders, Ocasio-Cortez introduce 'Green New Deal for Public Housing' | Blinken says US falling behind China as global leader on climate change White House defends 'aspirational' goal of 62,500 refugees MORE is expected to take part, although the State Department did not confirm if the secretary will attend virtually or in person. The announcement was made by the British Foreign Minister Dominic Raab during a meeting of Parliament. ADVERTISEMENT The G-7 summit will focus on ensuring equitable access to vaccines, reviving the economy from the COVID-19 pandemic, supporting education for girls in developing countries and tackling climate change. Blinken … [Read more...] about Blinken to participate in G-7 foreign minister meeting in London next month
