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Forbes
10 minutes ago
- Forbes
Why Is Newcastle United Struggling So Badly To Take The Next Step?
GLASGOW, SCOTLAND - JULY 19: Newcastle United Head Coach Eddie Howe following the pre-season ... More friendly match between Celtic and Newcastle United at Celtic Park on July 19, 2025 in Glasgow, Scotland. (Photo by Serena Taylor/Newcastle United via Getty Images) This summer was always likely to be a pivotal one for Newcastle United. The Magpies qualified for the Champions League for the second time in three seasons last term, leading many to believe they would strengthen in the transfer window to take the next step. Instead, Newcastle is struggling to even keep hold of its best players. Alexander Isak has made clear his desire to depart St James' Park this summer with Liverpool reportedly interested in signing the Swedish striker. Newcastle had lined up Hugo Ekitike as a potential replacement for Isak, but lost out on the French forward to the Premier League champions. NEWCASTLE UPON TYNE, ENGLAND - MARCH 02: Alexander Isak of Newcastle United celebrates scoring his ... More team's first goal from the penalty spot during the Emirates FA Cup Fifth Round match between Newcastle United and Brighton & Hove Albion at St James' Park on March 02, 2025 in Newcastle upon Tyne, England. (Photo by) On top of this, Newcastle has struck out on many of its top targets this summer. Bryan Mbeumo was linked with a move to the North East only for the Cameroonian to favour joining Manchester United from Brentford instead. Mbeumo would have been an excellent addition on the right side of Eddie Howe's forward line. Joao Pedro was another target for Newcastle. However, Chelsea beat the Magpies to the punch, signing Pedro for a reported $82m when Newcastle could have used the Brazilian to add quality to the forward line. Matheus Cunha was another reported target. He too chose another option, joining Manchester United from Wolves. Owned by Saudi Arabia's Public Investment Fund (PIF), Newcastle is technically the richest club in the Premier League. However, the Premier League's Profit and Sustainability Rules (PSR) have made it more difficult for the Magpies to climb the table and become genuine title challengers. This summer has made that clearer than ever. CHICAGO, ILLINOIS - JULY 23: (EXCLUSIVE COVERAGE) Bryan Mbeumo, Matheus Cunha of Manchester United ... More in action during a first team training session as part of their pre-season tour of the USA at Endeavor Health Performance Center on July 23, 2025 in Chicago, Illinois. (Photo by Ash Donelon/Manchester United via Getty Images) Newcastle might have no choice but to take a Premier League-record fee for Isak from Liverpool and re-invest the money in other areas of its squad. That might be the St James' Park outfit's only way to improve while navigating the obstacles presented by PSR and the financial restrictions put in place by the Premier League. The frustration for Newcastle is that so many of its rivals appear to have strengthened this summer. Liverpool has signed Florian Wirtz and could also snatch Isak from the Magpies. Manchester City has spent the best part of $200m on new signings while Chelsea, Manchester United and Tottenham Hotspur have also been busy. This upcoming season could be a crucial one for Newcastle. Heading into the summer, Howe and the decision-makers at St James' Park were surely plotting how to move forward again. Now, they might be satisfied with merely holding their position in the Premier League table to prevent others from bypassing them.
Yahoo
37 minutes ago
- Yahoo
How Western sanctions reshaped Russia's dairy packaging
The Russian dairy industry has faced profound challenges in recent years, particularly in the packaging sector. The imposition of western sanctions since 2022 disrupted supply chains and restricted access to essential materials and machinery. However, the country's response has been swift and adaptive, with the packaging sector undergoing a remarkable transformation. From initial shortages to near-complete localisation, Russia's experience offers insight into how industries can navigate geopolitical pressures while maintaining production. This article explores the journey of dairy packaging in Russia, focusing on the impact of sanctions, the strategies employed to overcome shortages, and the current state of the industry as it balances resilience with ongoing challenges. The impact of western sanctions on Russian dairy packaging Western sanctions, implemented in response to geopolitical tensions, have had a significant effect on Russia's supply chains, especially in industries reliant on imported raw materials and equipment. The dairy packaging sector was particularly vulnerable due to its dependence on specialised components such as laminated cartonboard, polymer films, inks, adhesives, and aseptic packaging technology—much of which was sourced from Europe and other western countries. Before the sanctions, approximately half of Russia's dairy packaging materials, including aseptic cartons commonly used for milk and juice, were imported. These materials are critical for preserving shelf life, maintaining product safety, and meeting consumer expectations. The sudden restriction on imports led to acute shortages, forcing dairy producers to confront the risk of interrupted production and distribution. Moreover, the packaging machinery itself, such as filling lines and sealing equipment, often required maintenance parts and technical support from western manufacturers. The sanctions complicated access to spare parts and technical expertise, increasing downtime and reducing efficiency. Consequently, many smaller converters and packaging suppliers faced financial strain, while larger companies were compelled to seek alternatives quickly. Strategies for overcoming packaging shortages and localisation efforts Faced with these constraints, the Russian dairy packaging sector embarked on a rapid import substitution and localisation drive. Government agencies, industry associations, and private enterprises collaborated to stabilise supply and support domestic production. This multi-pronged approach included several key strategies: Development of domestic materials: Russian manufacturers accelerated the production of laminated cartonboard and polymer films that could meet food safety and durability standards. Investments were made to enhance coating technologies, printing inks, and adhesives compatible with dairy products. Sourcing from alternative markets: Companies expanded procurement beyond traditional western suppliers to include countries less affected by sanctions, such as China, Turkey, India, and the United Arab Emirates. This diversification helped alleviate immediate shortages while domestic production capacity was scaled up. Stockpiling and inventory management: Dairy producers and packaging suppliers increased inventory levels of critical materials to buffer against supply disruptions. This shift improved operational continuity despite unpredictable import timelines. Upgrading local machinery and equipment: Efforts were made to modernise packaging machinery domestically, with some companies developing repair and manufacturing capabilities to reduce reliance on foreign spare parts. By early 2024, these strategies had yielded significant results. According to industry reports, mass-market dairy packaging types had become largely localised, mitigating the worst effects of the sanctions. Many major dairy companies reported a return to stable packaging supplies, although certain specialised formats—such as high-tech aseptic cartons—remained challenging to produce domestically at scale. The current landscape and ongoing challenges in Russian dairy packaging As of mid-2025, the Russian dairy packaging industry stands on a much more secure footing than it did three years prior. The widespread localisation of packaging materials has helped restore supply chains, ensuring that milk, yoghurts, and other dairy products continue to reach consumers reliably. The government continues to prioritise the dairy sector as a vital part of food security, encouraging innovation and investment in packaging technologies. Industry bodies have also promoted standardisation efforts and quality improvements to meet both domestic and export market requirements. Nevertheless, some challenges persist. The production of niche, high-tech packaging remains limited, particularly for aseptic cartons with advanced barrier properties and specialised designs. These formats are critical for extending shelf life and maintaining premium product quality. Importing such materials is still subject to regulatory hurdles and elevated costs. In addition, the price of packaging materials has increased due to inflationary pressures and higher production costs associated with localisation and alternative sourcing. This rise has, in turn, affected the overall cost structure of dairy products. The sector is also adapting to growing consumer demand for sustainability. While efforts are underway to develop recyclable and biodegradable packaging options within Russia, progress is gradual given the current economic and technological constraints. Looking ahead Russia's dairy packaging sector illustrates a compelling case of resilience and adaptation under duress. The sanctions imposed since 2022 exposed vulnerabilities in supply chains, yet the industry's rapid localisation, diversified sourcing, and strategic stockpiling have largely stabilised packaging availability by 2025. While some gaps remain in specialised packaging formats and cost pressures persist, the sector is moving toward greater self-sufficiency and sustainability. This journey underscores the importance of flexible supply chains and domestic capability in a globalised market marked by geopolitical uncertainty. As Russia continues to invest in its packaging technologies and materials, its dairy industry may serve as a valuable example for other sectors facing similar challenges worldwide. "How Western sanctions reshaped Russia's dairy packaging" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
37 minutes ago
- Yahoo
East Anglia THREE offshore wind project achieves $4.8bn financial close
Masdar and Iberdrola have secured £3.6bn ($4.87bn) in financing for the development of the 1.4GW East Anglia THREE offshore wind farm in the UK. Situated off the Suffolk coast, East Anglia THREE will become one of the world's largest offshore wind farms once operational in the fourth quarter (Q4) of 2026. It will generate sufficient clean power for 1.3 million British homes while supporting more than 2,300 construction jobs and maintaining 100 long-term positions throughout its lifespan. The funding package includes contributions from 23 banks and Denmark's Export Credit Agency. This funding will cover a portion of the total project costs, which are estimated to be €5.2bn. The financing facility was oversubscribed by more than 40%, demonstrating lenders' strong confidence in the project's fundamentals and the reliability of its partners. In July 2025, Masdar and Iberdrola announced their co-investment in the East Anglia THREE project, with each company holding a 50% stake and jointly governing the 1.4GW asset. This co-investment aligns with a broader €15bn strategic partnership between the companies established in December 2023 to expedite clean energy initiatives across markets including Germany, the UK and the US. East Anglia THREE benefits from long-term revenue security through a Consumer Price Index-linked contract for difference (CfD) awarded by UK government auctions AR4 and AR6, as well as a power purchase agreement (PPA) signed with Amazon in 2024. Masdar CEO Mohamed Jameel Al Ramahi stated: 'The level and profile of investor interest in this financing deal – the largest we have ever signed at Masdar – reflects our position as a global leader in sustainable finance and investor appetite for high-quality renewable energy assets that deliver impact at scale. 'Today's announcement represents a significant step forward in our partnership with Iberdrola – and in the UK's clean energy journey, supporting the nation in meeting its energy transformation objectives. We look forward to collaborating further with Iberdrola on other gigawatt-scale greenfield projects that will help shape the future of clean energy in the UK and beyond.' The banks involved in the financing of the project include BBVA, HSBC, Santander, BNP Paribas and Siemens Bank. Financial advisors for the transaction were Crédit Agricole CIB and MUFG, while A&O and Shearman provided legal counsel to the borrower. "East Anglia THREE offshore wind project achieves $4.8bn financial close" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
