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G20 finance chiefs express concern over risks from ‘intensified’ trade conflict

FUKUOKA, Japan ( ) – Group of 20 fi上海夜生活论坛nance leaders on Sunday said that trade and geopolitical tensions have “intensified”, raising risks to improving global growth, but they stopped short of calling for a resolution of a deepening U.S.-China trade conflict.

After fiery negotiations that nearly aborted the issuance of a communique, finance ministers and central bank governors meeting in southern Japan repeated tepid support for a rules-based multilateral trading system.

“Global growth appears to be stabilizing and is generally projected to pick up moderately later this year and into 2020,” the G20 finance leaders said in a communique issued as the meetings in Fukuoka closed.

“However, growth remains low and risks remain tilted to the downside. Most importantly, trade and geopolitical tensions have intensified. We will continue to address these risks and stand ready to take further action.”

It also said that G20 finance leaders had agreed to compile common rules by 2020 to close loopholes used by global tech giants such as Facebook and Google to reduce their corporate taxes.

The communique also contained pledges to increase debt transparency on the part of borrowers and creditors. Another priority is sustainable infrastructure development, an issue brought into sharper focus by concerns that China’s massive Belt and Road infrastructure drive was saddling poor countries with debt they can’t repay.

DROPPED CLAUSE

However, the final language excluded a proposed clause to “recognize the pressing need to resolve trade tensions”, which was dropped from a previous draft debated on Saturday.

The deletion, which G20 sources said came at the insistence of the United States, shows a desire by Washington to avoid encumbrances as it increases tariffs on Chinese goods. The statement also contains no admissions that the deepening U.S.-China trade conflict is hurting global growth.

International Monetary Fund (IMF) Managing Director Christine Lagarde emphasized that “the first priority should be to resolve the current trade tensions” while working to modernize international trading rules.

Related CoverageBOJ Kuroda: G20 reaffirms commitment to use all tools to fight risksECB’s policy message well understood by market: ViscoSee more stories

The IMF this week warned that, while growth is still expected to improve this year and next, the U.S.-China tariff war could cut 0.5 percent from global GDP output in 2020, about the size of G20 member South Africa’s economy.

U.S. Treasury Secretary Steven Mnuchin on Saturday said he did not see any impact on U.S. growth from the trade conflict and that the government would take steps to protect consumers from higher tariffs.

Mnuchin met People’s Bank of China (PBOC) Governor Yi Gang on Sunday in the first meeting of high-level U.S. officials in a month, but it produced no immediate result. Mnuchin described the meeting as “constructive” and “a candid discussion on trade issues”, but offered no further detail.

The PBOC said in a statement that the two finance officials “exchanged views on global economic and financial situation, G20 issues, as well as topics of mutual interest”.

The Buenos Aires G20 summit in December 2018 marked the start of a five-month trade truce between the United States and China to allow for negotiations to end their intensifying trade war. But those talks hit an impasse last month, prompting both sides to impose higher tariffs on each other’s goods as the conflict nears its first anniversary.

TRUMP-XI SUMMIT

The widening fallout from the U.S.-China trade war has tested the resolve of the group to show a united front as investors worry if policymakers can avert a global recession.

The bickering over trade language has dashed hopes of Japan, which chairs this year’s G20 meetings, to keep trade issues low on the various agendas at the finance leaders’ meeting.

Mnuchin said that U.S. President Donald Trump and Chinese President Xi Jinping would meet at a June 28-29 G20 summit in Osaka, but the meeting has not been confirmed by China.

The planned meeting was said by Mnuchin to have parallels with the two presidents’ Buenos Aires meeting on Dec. 1, when Trump was poised to increase tariffs on $200 billion of Chinese goods.

Trump took that step in May and will be ready to impose similar 25% tariffs on a remaining $300 billion list of Chinese goods around the time of the Osaka summit.

At the Buenos Aires meeting, the G20 leaders described international trade and investment as “important engines of growth, productivity, innovation, job creation and development. We recognize the contribution that the multilateral trading system has made to that end,” their communique said.

The leaders in that communique called for reform of World Trade Organization rules that they said were falling short of objectives and pledged to review progress at the Japan summit.

Rhetoric or reality? Arabs struggle to decode Trump’s Mideast rhetoric

DUBAI ( ) – The future leader of the Middle East’s top foreign ally is, in the words of a Saudi prince, an anti-Muslim “disgrace”, openly disdainful of Arab security partnerships, who believes Saudi Arabia would cease to exist for long without the United States.

Donald Trump’s presidential election victory means he is the man Washington’s Arab allies must deal with after his January inauguration, as they seek U.S. help to end wars from Syria to Mosul, manage humanitarian crises and provide jobs for their populations at a time of low oil prices.

Trump’s campaign tirades against Muslim migrants – the target of Prince Alwaleed bin Talal’s comments on Twitter – and against Arab allies who don’t “pay” for U.S. support suggest the relationship could be delicate.

How far Trump the president will differ from Trump the polarizing election candidate is not clear.

Brief, congratulatory messages flowed quickly from Arab allies, including one from Saudi King Salman bin Abdulaziz, who wished Trump success in “achieving security and stability in the Middle East and the wider world”.

But underneath the protocol, for many Arab rulers and royals Trump’s victory is a source of anxiety. They now face a new America led by Trump who, they fear, could upend a regional order that has prevailed for decades.

Some ordinary Arabs like Trump’s no-nonsense style, and praise what they see as his capacity for tough leadership.

“A strong leader … that is what is needed here in the Middle East and all across the world,” said Ali al-Muhannadi, 57, a Qatari owner of an electrical company, filling his car up at a petrol station in Doha on Wednesday.

Muhannadi saw Trump as a useful ally in confronting the jihadist threat, saying he is “very frank and not like a politician. Islamist radicals are bad for the West and for us too”.

But privately there are concerns about a lack of clarity in Trump’s policies for the world’s most combustible region as it struggles to break free from war while trying to safeguard the free flow of its oil exports.

DISAFFECTED ARAB YOUTH

In particular there are worries that Trump’s hostile rhetoric towards Muslim migrants will play into the hands of Islamic State and al Qaeda, w上海夜生活网hich are eager to recruit disaffected young Arabs to wage war on the regional governments they despise as stooges of Washington.

Gulf Arab leaders want a U.S. president who understands their concerns after eight years of what they regard as diffidence under President Barack Obama, someone who did not provide the kind of personal contact they value.

In particular they want help to push back against Iran, their main rival. But they fear Trump’s public praise for Vladimir Putin will encourage Russia to expand its support for Syrian President Bashar al-Assad, an ally of Iran and an enemy of most Gulf Arab states.

Apart from a commitment to Israel’s security, a constant in U.S. foreign policy, and an isolationist tone to his comments, much in Trump’s statements about the region remains vague and poorly thought out, diplomats and analysts say.

Opinion is divided about whether Trump’s remarks on the campaign trail will be enacted when in office. Among these is his comment that he would consider halting U.S. purchases of Saudi oil unless Riyadh provides troops to fight Islamic State.

Faisal Al Yafai, a commentator at The National newspaper, said many people thought Trump had used his extravagant comments to win votes and once in office he would mellow.

“I am unconvinced. I think he actually believes his rhetoric. It’s quite worrying that he doesn’t seem to understand how global politics works,” he said. “For example you don’t go around saying ‘if our allies were threatened we wouldn’t intervene, why can’t they build their own nuclear weapons?’”

“That sort of stuff doesn’t help confidence. That collapse of confidence between the U.S. and its allies has a knock-on impact on the economies and in the decisions those countries take on a political level.”

Yafai, whose newspaper is based in the United Arab Emirates, noted Iraqis were putting their lives on the line to regain Mosul, Islamic State’s main stronghold in the country. “That is not just a war for the region, it is a war for the world,” he said.

Others are more sanguine.

A senior Turkish official predicted continued strong relations with the United States and argued that “comments in an election period always have a harder and more hawkish tone than is necessary. But they remain peculiar to the election period.”

SAUDIS “READY TO TAKE A RISK”

Prince Sultan bin Khaled al Faisal, a former Saudi special forces officer and now senior fellow at the King Faisal Center for Research and Islamic Studies in Riyadh, said that in U.S. elections “what they say and what they do are two totally different things”.

“Foreign policy is not made by one man,” he said. “But it’s difficult to pinpoint what his policy actually is.”

Trump’s remarks have been combative, and eye-catching. He has said the United States should be reimbursed by the countries it provides protection for.

Without America, “Saudi Arabia wouldn’t exist for very long,” Trump told the New York Times in March.

Trump’s win drew a cautious welcome in Syria, which has entered its fifth year of war between rebels and Assad’s forces.

In Damascus, Syrian member of parliament Sherif Shehada said U.S. policy could shift Assad’s way. “We must be optimistic, but cautiously optimistic,” Shehada told by telephone.

Trump’s statements on Syria, and his more open-minded stance towards Assad’s ally Russia, have fueled rebel concern about the policy he may adopt on the conflict, in which the Russian air force has been bombing insurgents.

But beyond all that, many officials and observers see another ominous consequence.

Trump’s win has not only delighted Western right-wingers but also jihadists who told supporters the election had revealed the true position of the United States towards Muslims.

“The masks have slipped,” one supporter said on Islamic State websites. “(Trump’s) moronic declarations alone serve us even if his decisions will be under the supervision of the Senate…,” wrote another.

GLOBAL MARKETS-Shares sink as U.S.-China trade talks go to the wire

* European shares follow Asia, NY lower on China-U.S. trade angst

* Beijing vows retaliation after USTR sets tariff hike in motion

* Trump says China “broke the deal”; talks resume on Thursday

* Asia and EM stocks at 2-month lows, South Korea sinks 3 percent

* European stocks near 6-week lows, safe-haven yen 3-month high

* Uber IPO pricing due later

* Copper near 3-month low

* Asian stock markets: tmsnrt.rs/2zpUAr4

By Marc Jones

LONDON, May 9 ( ) – World shares tumbled for a fourth day running on Thursday after a warning from U.S. President Donald Trump that a long-worked-on trade deal with China was in serious danger.

Chinese Vice Premier Liu He was heading to Washington for two days of talks but Trump’s insistence that China “broke the deal”, and then Beijing’s response that it would retaliate against tariffs were ratcheting up the stakes.

Europe’s main stock markets sank almost immediately after a torrid day for Asia had battered 1.8 percent off China and more than 3 percent off South Korea, which is often seen as the bellwether for how this trade war hits home.

Both countries’ currencies were hit too, the won skidding to a more than two-year low and the yuan to a four-month trough, which kept traders buying the traditionally safe Japanese yen and U.S. and German bonds instead.

“Markets remain on edge ahead of the Chinese vice premier’s visit to Washington today,” Rabobank analyst Bas van Geffen said.

“Doubt that this tariff increase can be avoided is growing,” he added as Goldman Sachs also put the chance of a hike at 60 percent.

If talks do fall short, Washington has promised to raise tariffs on $200 billion of Chinese goods to 25 percent from 10 percent at 12:01 a.m. ET (0401 GMT) on Friday. For economists, the worry is that it will further slow the global economy.

Kazuhiko Fuji, senior fellow at RIETI, a Japanese government-affiliated think-tank, said the trade talks looked fragile.

“I would suspect the U.S. will just hand China an ultimatum. No wonder the U.S. yield curve is almost inverting again,” he said.

The yield spread between three-month U.S. government bonds and the 10-year notes shrank to 3 basis points, compared with about 15 basis points a few weeks ago.

The closely watched spread turned negative in late March, spooking investors, who read the development as portending a recession.

The benchmark 10-year Treasury yield stood at 2.4423 percent in Europe, having touched its lowest level in five weeks of 2.426 percent on Wednesday.

Wall Street futures pointed to a 0.85 percent lower start after a choppy previous session had seen the Dow Jones Industrial close fractionally higher but the S&P 500 and Nasdaq drop 0.2 percent and 0.3 percent.

TAXI!

As well as the trade headlines, traders will also be closely watching the pricing on ride-hailing firm Uber’s initial public offering, which is set to be the biggest of the year so far.

“In the event of a complete breakdown in talks and higher tariffs, we would expect this to see U.S. stocks trade 10–15 percent below their highs and a fall of around 15–20 percent in the Chinese market,” Mark上海夜生活网 Haefele, global chief investment officer at Global Wealth Management at UBS, said.

In the currency market, the Japanese yen surged to a three-month high of 109.64 yen while China’s yuan fell half a percent to hit a four-month low of 6.838 and was headed for its worst four-day decline in a year.

Sterling, meanwhile, tried to brush off signs that Brexit talks between Britain’s government and the main opposition party may soon collapse to claw back above the psychologically key $1.30 level.

Commodity markets also felt the U.S.-China trade strains.

Brent crude futures dropped 0.6 percent to $69.92 a barrel, while U.S. West Texas Intermediate crude also retreated 0.6 percent to $61.75 despite a surprise fall in U.S. crude stockpiles..

Benchmark London copper hit its lowest in nearly three months, going as low as $6,111 a tonne.

General Electric CEO sets low 2019 profit targets, vows better from 2020

( ) – General Electric Co Chief Executive Larry Culp on Thursday set conservative profit targets for this year and staked his reputation on hitting them and doing better in 2020 and beyond, igniting a rally in the stock.

Culp’s detailed pep talk, which drew praise from Wall Street analysts on a conference call, swiftly reversed an earlier rout in the stock as he stressed GE was serious about its targets after years of missing profit expectations.

The forecast was low largely because GE will be spending $2.5 billion on restructuring this year,上海夜生活论坛 Culp said, adding the investment would pay off after a tough 2019.

“This is what constitutes a ‘reset,’” Culp said, using a word many analysts had longed to hear.

“The market should interpret a high level of conviction (in the forecast) simply because this team, in a public forum, is laying this roadmap out, mindful of the realities of 2019 but I think also optimistic … about the impact of what we’re doing.”

Culp did not soft-pedal the short-term pain. He said 2019 adjusted profit would be 50 cents to 60 cents a share, below analyst estimates of 70 cents, and GE could lose as much as $2 billion in cash from its industrial businesses, putting a number on a warning he issued last week.

The company expects free cash flow at GE Power to remain negative in 2020 before turning positive in 2021.

Investors are looking closely at GE’s cash and earnings after the company lost nearly $23 billion last year.

The outlook is “arguably better than expected,” said Deane Dray, an analyst at RBC Capital Markets.

The company did not make reference to any potential hit to its jet engine unit from the recent global grounding of Boeing Co’s 737 MAX aircraft. GE and partner Safran SA make the engine that powers all 737 MAX planes.

GE shares were up 2.9 percent at $10.31 in afternoon trading, after falling 4 percent in premarket activity shortly after the forecast was released. GE bonds also rose slightly.

“While lowered guidance is not a positive, we think GE’s plan and progress show it’s moving in the right direction,” said Jim Corridore, analyst at CFRA.

Culp also left considerable wiggle room in the forecast by including an unspecified amount of “contingency” money to cover hard-to-predict costs, such as when it will conclude big asset sales and how its power unit will perform.

JPMorgan analyst Stephen Tusa voiced concern that the gap between GE’s cash flow and earnings forecasts was the widest he had seen, which likely will mean analysts’ profit estimates are too high.

Culp said that although GE was taking “a safe conservative posture in this reset year … Rest assured, operationally, we’re running hard.”

Publishers sue Peloton for using songs by Katy Perry, Rihanna, Timberlake, others

NEW YORK ( ) – Publishers representing the writers of songs by Bruno Mars, Katy Perry, Rihanna, Justin Timberlake, Carrie Underwood and hundreds of other artists sued Peloton Interactive Inc on Tuesday, accusing the maker of video-streaming stationary bicycles of copyright infringement.

In a complaint filed in Manhattan federal court, the 10 publishers are seeking more than $150 million in damages, accusing Peloton of exploiting their songs by using more than 1,000 in its videos without permission.

They said Peloton must stop “trampling” their rights by using their songs for free. They noted that the company having obtained song licenses from other publishers showed it “full上海夜生活网y understood what the copyright law required.”

Peloton, in a statement, said it is reviewing the complaint. It also said it has “great respect for songwriters and artists,” and has “invested heavily to build a best-in-breed reporting and licensing system.”

The New York-based company is expected to seek a more than $4 billion valuation in an initial public offering that could occur in the second half of 2019, The Wall Street Journal said.

Founded in 2012, Peloton sells bicycles starting at $2,245, in packages that it said require signing up for memberships to access live and on-demand classes for cycling, running, yoga and other activities. Access to unlimited classes costs $39 a month.

The 10 music publishers include Big Deal Music, Downtown Music Publishing, Ole, Peermusic, Pulse Music Publishing, Reservoir, The Richmond Organization, Round Hill, Royalty Network and Ultra Music.

They said Peloton’s infringements cover songs by a who’s who of the music industry, such as the unauthorized use of Rihanna’s “Umbrella” in at least 55 workout videos.

The list of alleged infringements includes such songs as Mars’ “Grenade,” Perry’s “Roar,” Timberlake’s “SexyBack” and Underwood’s “Before He Cheats.”

It also includes older songs such as Celine Dion’s version of John Lennon and Yoko Ono’s “Happy Xmas (War Is Over),” Rush’s “Tom Sawyer” and Bobby “Boris” Pickett’s Halloween staple “Monster Mash.”

David Israelite, chief executive of the National Music Publishers’ Association, a trade group representing the plaintiffs, in a statement said music was responsible for much of Peloton’s business success.

“We look forward to getting music creators what they deserve,” he said.

The case is Downtown Music Publishing LLC et al v Peloton Interactive Inc, U.S. District Court, Southern District of New York, No. 19-02426.

Trump’s trade war cost U.S. economy $7.8 billion in 2018: study

WASHINGTON ( ) – President Donald Trump’s trade battles cost the U.S. economy $7.8 billion in lost gross domestic product in 2018, a study by a team of economists at leading American universities published this week showed.

Authors of the paper said they analyzed the short-run impact of Trump’s actions and found that imports from targeted countries declined 31.5 percent while targeted U.S. exports fell by 11 percent. They also found that annual consumer and producer losses from higher costs of imports totaled $68.8 billion.

“After accounting for higher tariff revenue and gains to domestic producers from higher prices, the aggregate welfare loss was $7.8 billion,” or 0.04 percent of GDP, the researchers said.

The study was authored by a team of economists at the University of California Berkeley, Columbia University, Yale University and University of California at Los Angeles (UCLA) and published by the National Bureau of Economic research. www.nber.org/papers/w25638

Having dubbed himself the “tariff man,” Trump pledged on both the campaig上海夜网n trail and as president to reduce the trade deficit by shutting out unfairly traded imports and renegotiating free trade agreements.

Trump has pursued a protectionist trade agenda to shield U.S. manufacturing. Washington and Beijing have been locked in a tit-for-tat tariff battle for months as imposing unilateral tariffs to combat, and Trump has imposed tariffs that have roiled the European Union and other major trading partners.

The authors said while U.S. tariffs favored sectors located in “politically competitive” counties, the retaliatory tariffs imposed on U.S. goods have offset the benefits to these areas.

“We find that tradeable-sector workers in heavily Republican counties were the most negatively affected by the trade war,” the researchers said.

Howe left frustrated after being held by West Ham

Eddie Howe, the Bournemouth coach, admitted that he was a bit frustrated as his side conceded an almost immediate equalizer against West Ham United and they were held to a 1-1 draw.

Ryan Fraser scored the first goal of the game in 71st minuted for the home side but it wasn’t enough to win the match anyway as Javier Hernandez equalized just two minutes after that the clash ended 1-1. It means that the Cherries haven’t been beaten for five matches in a row but despite that, Howe was a bit disappointed while being in charge of the club in his 100th Premier League game.

The talented British coach spoke about this match as he said, according to Sky Sports: “We didn’t start the game particularly well, we came under pressure early but did well to defend that and not concede. We grew into the game and scored a great goal from our perspective, and looked a real threat on the counter-attack in the second上海夜生活论坛 half. The frustrating thing is the timing of their second goal.”Top 5 Real Madrid players who are succeeding on a loan Tomás Pavel Ibarra Meda – We need to talk about the Top 5 Real Madrid players who are currently succeeding away from the club and are currently on a…

He also insisted that it was probably caused by the lack of concentration: “There was no time to enjoy it or build on it, which is frustrating. I don’t think the lads switched off or that it was a concentration issue, it was just the fact we didn’t win two big headers outside our box. It’s a frustration because at that stage I thought we were the better team and we were looking to build upon a great goal.”

In the end, Eddie Howe claimed that he was pleased by the performance of his two substitutes, Joshua King and Junior Stanislas: “Junior’s pass for our goal was sublime. He’s got the quality and makes us play very good football, so we’re delighted to have him back.  Josh has been such a key player for us in recent times, hopefully, those guys can give us a real lift.”

Ronaldo unsettled

The world class superstar is growing increasingly frustrated with his wage and performances

Real Madrid icon, Cristiano Ronaldo is reportedly unsettled with his current situation at Real Madrid, according to ESPN.

The 33-year-old has been under a spell of poor form, as of late. Cristiano’s frustration on the pitch grows with each lackluster performance, and one can only wonder how long this stint will last.

Cristiano Ronaldo is one of the most accomplished footballers of all time, with; five Ballon d’Or’s, four Champion’s League trophies, two La Liga-titles, three Premier League-titles, to note a small fraction of Cristiano’s success.Top 5 Real Madrid players who are succeeding on a loan Tomás Pavel Ibarra Meda – We need to talk about the Top 5 Real Madrid players who are currently succeeding away from the club and are currently on a…

The portugese national must find his infamous form, in order to keep up with rival players, such as Messi and Neymar, in the run for this years Ballon d’Or award.

It is reported that Cristiano Ronaldo feels hard done by, regarding his wage. Under agent Jorge Mendes, Ronaldo will be aware of the ever-growing list of players worldwide, that earn more than he does. He has reportedly contacted 上海夜生活网Real Madrid regarding a pay rise since May, only seven months after signing a new contract with Real Madrid.

Ronaldo’s newly signed contract keeps him at Los Blancos until 2021.

Lingard happy with United spirit

The Red Devils managed to secure a draw against Burnley after上海夜生活网 coming back from a 0-2 deficit.

Manchester United striker Jesse Lingard praised his team-mates for not giving up in what appeared to be a rather frustrating day at Old Trafford.

The England international did not feature in the starting XI of the Red Devils in their 2-2 draw with Leicester City, but was brought into play from the bench against the Clarets to help his side seal a point.

Mourinho’s men were 2-0 down at half-time following goals from Ashley Barnes and Steven Defour, but Lingard scored a brace to deny the Clarets the three points at Old Trafford.

However, United’s draw means that Manchester City can create a 15-point gap on top of the league if they manage to beat Newcastle United on Wednesday.Solskjaer “very pleased” after another failure to win George Patchias – Ole Gunnar Solskjaer said he was “very pleased,” even though United failed to win yet again.It is now ten games on the road since…

“If we had played for another five or 10 minutes, we would have won the game,” he told MUTV.

“[The message at half-time] was always believe. Never give up. We knew we had another 45 minutes to play so we had to be patient, keep moving the ball, moving Burnley about, and eventually we created two clear-cut chances which we scored from.

“This role, further inside, allows me to be closer to the striker, to get in the box, create more things and obviously have more shots at goal. I thought we could nick it towards the end but obviously time ran out and now we look forward to the next game [against Southampton].

“We always have that fighting spirit, that never-give-up attitude and we’ll see where it gets us.”

Shearer certain Kane can score anywhere

The England international broke a Premier League record as Spurs won 5-2 against Southampton on Boxing Day.

Alan Shearer believes that Tottenham Hotspur forward Harry Kane has what it takes to perform for a time like Barcelona or Real Madrid.

Kane scored a hat-trick on Tueday against the Saints, taking his record to 39 Premier League goals in 2017 and surpassing Alan Shearer’s record.

Kane’s consistent output of solid performance has seen him linked with a number of European giants and Shearer believes that the interest from other clubs might prove a big problem for Spurs, especially if Kane seeks to win trophies.

“Not only has he beaten my calendar-year record in the Premier League, but with his second successive hat-trick he eclipsed Lionel Messi and Cristiano Ronaldo for goals in all competitions in 2017 for club and country,” Shearer wrote in The Sun .Berbatov: It’s not the right time for Pochettino to move George Patchias – Dimitar Berbatov doesn’t think it’s t上海夜生活论坛he right time for Mauricio Pochettino to leave Tottenham Hotspurs or for him to join the likes of Madrid…

“That is some company to be in but, believe me, he could score goals for Barcelona and Real Madrid as well. There lies the problem for Spurs going forward, of course

“The club will not want to move into their brand new stadium without their biggest star. ‘One of our own’ as the Spurs faithful chant.

“But things have stalled a bit on the pitch after title tilts in the last two seasons, although they have been impressive in the Champions League.”

Meanwhile Kane is on the right track of securing a third consecutive Premier League Golden boot, an achievement only done by Shearer(1994-97) and Thierry Henry(2003-06).

AC Milan prepare January bid for Aguero

AC Milan are prepared to further invest in transfers and are monitoring the situation of Sergio Aguero.

Pep Guardiola has long been targeting his former player Alexis Sanchez, whose contract with Arsenal is set to expire next summer. In fact, Manchester City were very close to secure the transfer of Sanchez last summer, when they had a €70m bid accepted. However, the move collapsed after Arsenal failed to sign Thomas Lemar as a replacement.  The Citizens are now confident that a €20m bid in January will persuade the Gunners to allow the Chilean to move to Emirates.Report: West quit Milan because of the Mafia George Patchias – Taribo West claims he quit AC Milan because of the Italian mafia.The retired Nigerian international defender Taribo West claims he left Milan almost 19…

And now AC Milan are set to look into how they can benefit from Sanchez’s move to Manchester City. According to Daily Mail, the Rossoneri will enquire about Sergio Aguero in January, confide上海夜网nt that they could lure the Argentinian away from Etihad.

Sergio Aguero is on track to become Manchester City’s all-time top goalscorer. The Argentinian scored seven goals in eight matches this season and is very close to break the record of Erik Brook, who scored 177 goals for the Citizens. However, the 29-year-old is currently out of action after suffering a broken rib in a car crash in Amsterdam at the end of last month.

Sarri: “Manchester City are the best in Europe”

Napoli head coach Maurizio Sarri has declared the Citizens as ‘clearly the best team in Europe’ right now.

The Partenopei will be facing Manchester City in England for the first match between the two clubs in the Champions League. Both sides have been enjoying an incredible start of the season, with each of the clubs taking the first seat in their respective leagues.

Despite Napoli’s remarkable start of the season, their manager noted that his team is taking on the ‘best club’ in Europe right now.

“They win all their games with at least five goals,” Sarri pointed out in his pre-match Press conference, according to Football Italia.

“The last time they didn’t score a goal was August, and they’re also strong in the defensive phase. It will be very hard.

“They seem unbalanced, but they’re not they always press the ball with a lot of men. I’ve seen important things from City, though I haven’t watched上海夜网 too many matches as I didn’t want to spoil other evenings.Willian warns Chelsea of ‘difficult’ Ajax threat Andrew Smyth – Willian admits Chelsea will need to prepare well for their next Champions League clash at Ajax after overcoming Lille OSC 2-0 on Wednesday.

“They’re clearly the best team in Europe.

The Napoli coach also took the time to thank his colleague Pep Guardiola as the Catalan had nothing but applause for Sarri.

“All I can do is thank him and congratulate him, because he’s clearly the best Coach in the world.

“30 years ago [Arrigo] Sacchi left his mark on football, and in a few years we’ll realise how important Guardiola was.

“If someone like him compliments you, you can only be happy.”

Marseille to conduct internal investigation over Evra

Olympique Marseille informed that they will open an internal investigation to establish ‘all responsibilities’ after Patrice Evra hit a French supporter.

Marseille travelled to Portugal for their Europa League match against Guimaraes. During the warm-up, Patrice Evra was involved in a fight with some of the travelling fans, ending up hitting one of上海夜网 them with his foot in the head. Evra was sent-off by the referee and had to watch the game from the stands, although he was expected to start for Marseille.

The club posted a statement on their official website saying: “In any case, a professional player has to remain calm in front of provocative gestures and insults, no matter how unjustified they are.”Can Marseille make it to the Champions League? Taimoor Khan – With a depleted workforce with not a lot of quantity or quality, Olympique de Marseille are bound to struggle this season. After being held…

Patrice Evra became the first player in the history of Europa League to be sent off before the start of the match. Before the incident, some of OM’s fans had a verbal dispute with the player. According to the Portuguese press, French fans tried to enter the pitch to fight Rudi Garcia’s players. After verbal exchanges, Evra reacted violently, hitting one of the fans in the head with his foot. The stewards had to intervene to avoid the escalation of the situation.

Patrice Evra has 81 selections for the France national team, but the 36-year-old has been criticised recently for his performances at Marseille, losing his starting place in the team in favour of Jordan Amavi.

Evra’s gesture reminded of another former Manchester United player, Eric Cantona. In 1995, Cantona hit a Crystal Palace fan during a Premier League match, receiving a nine months suspension from the Englis Football Association.

Difficult situation for Rodriguez at Bayern Munich

The language barrier is proving to be a huge issue for the Colombian.

Bayern Munich forward James Rodriguez is in a very complicated position, insists new Bayern Munich manager Jupp Heynckes. The Colombia international has been struggling to settle in at the club due to the language barrier.

Reports in Spain suggest that the player is 上海夜网now looking forward to return back to Spain, taking into consideration the sacking of Carlo Ancelotti.

Heynckes, who has taken over at the Bavarians, admitted that James is having troubles when it comes to communication, but also said he would stand by the 26-year-old and support him all the way.Ivan Perisic: “I really wanted to join Mourinho at Man United” Andrew Smyth – Ivan Perisic has opened up on his failed transfer to Manchester United two years ago, which is something he still bitterly regrets to this day.

“James Rodriguez doesn’t speak German. German football is very different to football in South America. It’s a very difficult situation for a young player.” the Bayern boss told the club’s website during his official presentation.

“However, he has to know that he can count on my support and my help because I like players with talent and I believe he has a lot of talent.

“I’ve seen his games for Real Madrid but I don’t know him personally. When they come back [from the international break], I’m going to talk with them and give them some advice.”

Albrighton: Drinkwater can expect hostile reception

Marc Albrighton says his former team-mate could face 上海夜生活论坛a hostile reception this weekend if he were to play against Leicester.

Danny Drinkwater secured a €40m move from Leicester to Chelsea on transfer deadline day and he could make his debut for the Blues in the match against his former team. If the England International were to start for Chelsea in the weekend, Leicester will then face their title-winning central midfield couple: N’Golo Kante – Danny Drinkwater.

Kante moved to Chelsea immediately after winning the title with Leicester, at the end of the 2015/2016 season. One year later, he is followed by Drinkwater and the pair will now work together for Antonio Conte.

Speaking to SkySports, Leicester’s winger Marc Albrighton gave his opinion on the possibility of Drinkwater making his debut against his former team: “It will be strange for us, but it’ll be stranger for him. To play in front of the fans that he played for, for so many years, but once the whistle goes, it’s business as usual.Lampard challenges Hudson-Odoi to emulate Sterling Andrew Smyth – Frank Lampard wants Chelsea’s talented youngster Callum Hudson-Odoi to follow in Raheem Sterling’s footsteps in becoming a star.

I’m sure he’ll be professional and do the best he can. He might get stick for 90 minutes, but barring that I’m sure the Leicester fans will be fantastic with him.

He’s achieved some tremendous things, that no one thought this club could achieve in this era, and he’s been a huge part of that, from getting them out of the Championship, to winning the Premier League, to Champions League football.”

Albrighton also spoke about how strong Chelsea’s new central midfield will be with his two former team-mates: “I think they’re certainly up there. Manchester United have got a strong midfield but with Drinkwater and N’Golo in there it’s going to take some stopping and there won’t be many that overrun that. They’re great individuals, but when they’re playing together, how they compliment each other is fantastic.”

UEFA will not investigate Manchester City

The Citizens will not be under UEFA Financial F上海夜生活论坛air Play investigation.

After the close-season reached its end, La Liga president Javier Tebas insisted that Manchester City and Paris Saint-Germain “funding by state-aid distorts European competitions and creates an inflationary spiral that is irreparably harming the football industry”.

The European governing body of football is already investigating the French club, but they announced Manchester City will not be taken into account.Pep Guardiola rules out January signings for Manchester City Andrew Smyth – Pep Guardiola revealed that Manchester City don’t have the cash to go out and buy new players in January despite his limited defensive options.

“There is no investigation into Manchester City with regards to FFP regulations. Any reports mentioning such an investigation are unsubstantiated.” reads a statement by UEFA.

Both clubs spent enormous amount of money during the summer transfer window. The Parisiens bought Neymar for 222 million euros from Barcelona and added Mbappe to their ranks on a loan deal, that will become permanent next year for a fee of 165 million pounds.

Meanwhile Manchester City spent around 215 million pounds overhauling their defensive options with the signings of Kyle Walker, Ederson Moraes, Benjamin Mendy and Bernardo Silva. However, Guardiola’ side sold several players, which left their net spending at around 130 million pounds, which seems quite normal, taking into account the current situation of the transfer market.

Bayern Munich 0-2 Inter

Inter won 2-0 over Bayern Munich in a game that was part of the International Champions Cup.

The Nerazzurri are the second team from Milan that got the better of playing with the Bavarians, following Ancelotti’s men 0-4 defeat against AC Milan a few days ago.

The game started off well for Bayern Munich as Franck Ribéry had a great chance to give his team the lead after a powerful shot, which was saved by the goalkeeper. Shortly after it was Inter’s time to shine, as Éder found the back of the net with a header after finishing a difficult ball from the right flank. The rest of the first half did not impress much as Ancelotti’s side had control of the ball but they did could not materialise on their efforts. The Nerazzurri played well on the counter-attack and scored for the second time in the 30th minute. Following a quick attack and a ball from Perišić, the 1.79m-tall Éder once again had the best positioning in the box, as he was left unmarked and scored, 2-0. After Inter’s second goal, Ribéry had to leave the pitch due to an injury, which left the Bayern Munich squad worried.Too early to talk about the Scudetto says Inter’s Godin George Patchias – Inter Milan’s summer signing Diego Godin says it is too early to start talking about the Scudetto.33 year old Uruguayan international arrived in Milan…

The second half, as expected, saw a huge number of changes for both teams. Robert Lewandowski tried his luck just a minute after the whistle but unsuccessfully. Bayern Munich were clearly the more active side and they looked for a goal more than their Milan opponent. In the 60th minute, Perišić had the chance to make it a classic for Inter, but he could not find the target after a shot from a low angle. Ten minutes after that, the Portuguese youngster Renato Sanches fired off a great ball from distance, as the ball awkwardly dipped down and hit the ground in front of Bayern’s goalkeeper as it went past the side cross bar.

You can see det上海夜网ailed highlights in the video below:

https://youtu.be/yZbe71NFQZE

Raiola: Ibrahimovic is fine, he\u2019s received so many offers, from the US and beyond

The agent suggested the Swede wants to make a return to Serie A but has other offers as wellWritten by – Nikolay Nikolov, June 19, 2017.

Zlatan Ibrahimovic’s agent Mino Raiola says the striker would have already been back at AC Milan if Adriano Galliani was still on the board, but the player has many other offers to consider.

Ibrahimovic is a free agent after Manchester United released him, following his recovery from a cruciate ligament injury suffered at the end of last season.

Although the 35-year-old will be out of the pitch for few months, he has already been strongly linked with a move to the US and Italy.

“Ibra is fine, he’s received so many offers, from the US and beyond,” Raiola told Gazzetta Dello Sport.Kane: Spurs out of excuses after shock Carabao Cup exit Andrew Smyth – Harry Kane concedes that Tottenham only have themselves to blame following a shock Carabao Cup exit at the hands of Colchester United.

“He’s certainly not going to Napoli. Milan haven’t asked me about him. With Galliani, he’d already been there,” he added.

Raiola mentioned the situation around Ibrahimovic while talking about the rising dispute between his client Gianluigi Donnarumma and AC Milan, as the 18-year-old goalkeeper told the club he will not renew his上海夜网 contract.

Raiola also mentioned another one of his clients – Blaise Matuidi. According to the experienced agent, Paris Saint-Germain’s star has been on the radar of some big clubs.

“Clubs have asked me about Matuidi, like Inter and Juventus. We’ll see,” he said.

“The Bianconeri pulled out a year ago due to political reasons. Maybe this time,” he added.

New details about Messi’s tax fraud scheme

Messi cleared his record, as the Spanish Court decided to replace his suspended prison sentence with a fine.Written by Cosmin Mihalescu. June 27, 2017.

But the problems didn’t end for the Argentinian star. According to the Spanish press, Messi used his foundation to hide his revenues from the Spanish authorities.

The Spanish journalists from ABC said: “Leo Messi Foundation created a structure to hide tens of millions of euros resulted from sponsorship agreements that were not declared. The Foundation cannot confirm that the amounts have been spent for social projects of helping children with problems.”

Furthermore, the journalists explain that the institution was used as an “umbrella organisation for a big part of the revenues obtained between 2007 and 2015.” It is thought that more than €10m were not declared to the Spanish or Argentinian authorities.Kane: Spurs out of excuses after shock Carabao Cup exit Andrew Smyth – Harry Kane concedes that Tottenham only have themselves to blame following a shock Carabao Cup exit at the hands of Colchester United.

The foundation started to become active six years before its official registration. In 2007, it started its activity in Barcelona, and later on, in 2009, an office was also opened in Rosario, the player’s hometown.

Finally, the initial organisation was registered in Barcelona in 2013, when the foundation was not active in Spain, because all the contracts were signed in Rosario, for both the Argentinian and the Spanish organisation, with the revenu上海夜生活论坛es not being declared.

The Argentinian fiscal authorities closed the activity of the organisation from Rosario, because they have failed to present their accounts for three consecutive years.

The numbers behind Luis Suarez

The numbers of Barcelona’s Uruguayan striker are impressive to say the least. Suarez has now reached 200 goals in the last six years.Written by Cosmin Mihalescu. April 30, 2017.

After a goal drought of five matches, Luis Suarez managed to score again for Barcelona. Not only once, but twice he scored against local rivals Espanyol, and in doing so, he also scored the 1000th goal of the current La Liga season.

Thanks to Saturday’s brace, Suarez has now scored 200 goals in his last 277 matches – 82 goals in 133 matches for Liverpool and 118 goals in 144 matches for Barcelona.

However, the 30-year-old was scoring goals even before arriving at Anfield. He has made a name for himself in Holland, with Ajax, where he scored 19 goals in his first season (2007/2008). In the three-and-a-half seasons spent with Ajax, the South American scored 111 goals in 159 matches played in all competitions.Inter Milan V Lazio: Players to Watch Taimoor Khan – Inter Milan are set to host Lazio at the San Siro on Thursday and the game is definitely going to be an exciting affair…

Until now, Suarez had two seasons when he averaged more than one goal pe上海夜生活论坛r match – his third season with Ajax (2009/2010 – 35 goals in 33 matches in Eredivisie and 49 in 48 in all competitions) and his second season with Barcelona (2015/2016 – 40 goals in 35 matches in La Liga and 59 in 53 in all competitions).

Luis Suarez was close to winning the title with Liverpool in the 2013/2014, when he scored 31 goals in 33 matches. In his first season at Camp Nou, he managed to win the Champions League trophy, after winning against Juventus in the final.

This season, Suarez scored 11 decisive goals in La Liga and he is the player who scored the most winning goals in the league.  He is also the player who has scored the most first goals, having netted nine times to open the score.

Thanks to their victory on Cornella-El Prat on Saturday, Barcelona have moved back to the first position of La Liga, having a better goal difference than Real Madrid. But Los Blancos have one game in hand over their Catalan rivals.