Latest news with #European-based
Perth Now
3 days ago
- Sport
- Perth Now
Socceroo brilliance sinks Mourinho in Champions League
Former Melbourne City defender Jordan Bos has had a first UEFA Champions League night to remember in the Netherlands. Having minutes earlier received a yellow card, the Socceroos left wingback set up Feyenoord's late winning goal with a wonderful cross to sink Jose Mourinho's Fenerbahce 2-1 in the first leg of their play-off round. The 22-year-old Bos, who only joined the Dutch giants last month on a four-year deal after two seasons in Belgium with Westerlo, found the head of Anis Hadj Moussa with a long diagonal ball as it ticked over to added time in Rotterdam on Wednesday night (Thursday AEST). It sent his coach, legend of club and country, Robin van Persie and the 52,000 home fans wild ahead of next week's return game in Turkey. Dutch international midfielder Quinten Timber had opened the scoring for the hosts on 19 minutes before Moroccan Soyfan Amrabat equalised in the 86th. Elsewhere, another of Tony Popovic's European-based Socceroos in Daniel Arzani didn't feature in Ferencvaros' 0-0 draw in Bulgaria against Ludogorets. Two-time European champions Benfica, 1991 winners Crvena zvezda, Club Brugge and Kairat Almaty also enjoyed first-leg victories.
Daily Record
4 days ago
- Sport
- Daily Record
Celtic ready to raid Japan again as Adam Obert emerges as another transfer target
Brendan Rodgers is desperate to add to his squad with Jahmai Simpson-Pusey his latest arrival from Man City Celtic reportedly want to add another defender to their ranks this summer in the shape of Adam Obert. The Slovakia Under-21 international – who plays his club football in Italy with Cagliari – is said to be on the radar of Brendan Rodgers with a proposed fee already booted out by the Serie A side reports L'Unione Sarda. The report claims: "The Slovakian defender, on the other hand, is wanted by Celtic, but even the champions of the last Scottish Premier League failed to reach the right figures to reach an agreement. A raise will be necessary to see them leave." The news on the 22-year-old comes fresh off the back of Jahmai Simpson-Pusey's arrival from Manchester City. Although primarily a centre-back, Obert can also play left-back and provide cover for Kieran Tierney. One man who has been a long-term target is Michel-Ange Balikwisha and that remains the case. The Hoops are spinning a number of plates on the transfer front and it will all come down to where they feel they can get best value for money. They've not been strangers to the Japanese market in recent years and Record Sport understands another potential move is still in the offing, while the club are also watching other European-based players in person. Celtic have discovered that one of Kairat Almaty or Slovan Bratislava stand in the way of them and the £40million Champions League jackpot. Callum McGregor and Co kicked off their Premiership title defence at the weekend and it took an 87th-minute winner from supersub Luke McCowan to make sure Flag Day ended in a victory. Post-match boss . He said: 'We will wait until the end of the month, we concentrated on the players that are here and hope to do some business over the period. I am not going to get bogged down on it, we know what we need. We will continue to work to play like we did today. 'I am fed up talking about transfers. We have got to the end of the window, we concentrate on what is here. A lot of work going on behind the scenes to improve the squad. 'There is a long to go in the market. Today is about the players. Throughout preseason, all the staff as well, it's been a good preseason. It's always nice when you get that victory in the first game of the season, it's a victory for everyone. Really pleased.'
Forbes
31-07-2025
- Automotive
- Forbes
Penske-Fox Deal May Address Succession Issues At Indianapolis 500
Fox Corp. said Thursday it is acquiring one-third of Penske Entertainment, including the Indianapolis Motor Speedway and the IndyCar series. The announcement deepens the business ties between Roger Penske, 88, and Rupert Murdoch, 94, the overseer of the Fox empire. The transaction may address looming succession issues at one of the most storied racing revenues in the United States. Fox Sports this year began televising Penske's IndyCar series, including the Indianapolis 500. Terms of the new deal were not disclosed. Penske Entertainment said the deal included 'a multiyear extension' of Fox Sports' media rights with IndyCar. 'This partnership is built on long-standing trust and a shared vision for the future,' Roger Penske said in a statement. Fox 'sees the incredible potential across our sport and wants to play an active role in building our growth trajectory,' he said. The deal comes at a critical time for the Indianapolis speedway and the IndyCar series. Roger Penske agreed in 2019 to acquire the speedway and the IndyCar series from the Hulman-George family, which bought the speedway in 1945. That transaction became final in early 2020. IndyCar and Championship Auto Racing Teams battled for supremacy of U.S. open-wheel racing in the 1990s and 2000s. Eventually, the Hulman-George family won the fight. During that era, the European-based Formula One series raced at the Indianapolis speedway, beginning in 2000. After several years, F1 moved on from Indy but later came back to the U.S. in a bigger way. F1 now has three U.S. races. IndyCar, meanwhile, has struggled to demonstrate it's more than the Indianapolis 500, held annually during Memorial Day weekend. In its first year on Fox, the 500 averaged 7.01 million viewers in 2025, its best showing since 2008. That was better than the almost 6.8 million viewers for the Daytona 500 in February, NASCAR's biggest race, also televised by Fox. But things weren't all joy in Penske land. Two cars owned by Penske, were forced to start from the back of this year's Indy 500 because of a cheating scandal. Penske has used racing to promote his transportation businesses. He's won a lot a lot at the Indianapolis 500 races as a team owner (20, actually). He has also been a winner in NASCAR. Still, given Penske's age, there the question of succession at Indy, both the speedway and the race series. The speedway is close to downtown Indianapolis and comprises valuable real estate. The question is whether the new deal with Fox begins to answer those succession questions. 'We're thrilled to join the IndyCar ownership group at such a pivotal time for the sport,' Eric Shanks, CEO and executive producer of Fox Sports, said in the statement. 'IndyCar represents everything we value in live sports — passionate fans, iconic venues, elite competition and year-round storytelling potential.'
Reuters
29-07-2025
- Business
- Reuters
Rating firms say US tariffs alone will not trigger EU sovereign downgrades
LONDON, July 29 (Reuters) - The sharp increase in U.S. trade tariffs on the European Union will not trigger immediate sovereign rating cuts, but could compound existing pressures, Fitch and other agencies said on Tuesday, while Moody's warned of the effect on exporting firms. One of Fitch's top sovereign analysts, Ed Parker, said the United States' baseline tariff of 15% on imports from the EU was in line with assumptions the rating agency has had since March and therefore did not materially shift its economic forecasts. Nevertheless, the 15% rate is a huge increase relative to the 1.2% rate of last year, he said. "We don't expect the increase in the tariff rate to directly drive EU rating changes on its own, but it could compound existing credit pressures," Parker told Reuters. Smaller European-based agency Scope Ratings and Morningstar DBRS echoed the view, with Scope's head of sovereign ratings, Alvise Lennkh-Yunus, saying the tariffs arrived "against a backdrop of accumulating economic shocks". At a sector level, Moody's warned that "the credit effects will be significant" for companies that export a lot to the United States, depend on complex global supply chains and have limited pricing power in their markets. That includes carmakers like Stellantis ( opens new tab and Volkswagen ( opens new tab, whose ratings Moody's recently downgraded. Large diversified European manufacturing companies like Siemens and ABB generate about 25% of their revenue in the United States. But they tend to follow local-for-local strategies, sourcing at least 80% of their procurement within the U.S. and should be able to pass at least some of the tariff increases on to customers. Uncertainty still remains about key goods such as semiconductors and pharmaceuticals. The pharmaceutical sector amounts to 25% of all EU exports to the U.S., analysts estimate. The exemption of aircraft components meanwhile eases expected tariff-related pressures for Airbus ( opens new tab and MTU Aero Engines ( opens new tab, "which reinforces our already positive outlook for the global aerospace and defence sector," Moody's said. It also said the 15% rate had been broadly in line with expectations it laid out when it cut its euro zone economic growth forecast for the year to below 1% in May. It did not give an EU-wide sovereign view, although it said Ireland, which it rates at Aa3 and has a 'positive' outlook on, was most exposed with total value-added exports to the U.S. accounting for around 8% of its GDP back in 2020.
Free Malaysia Today
29-07-2025
- Business
- Free Malaysia Today
Rating firms say US tariffs alone will not trigger EU sovereign downgrades
At a sector level, Moody's warned that 'the credit effects will be significant' for companies that export a lot to the US. (EPA Images pic) LONDON : The sharp increase in US trade tariffs on the EU will not trigger immediate sovereign rating cuts, but could compound existing pressures, Fitch and other agencies said today, while Moody's warned of the effect on exporting firms. One of Fitch's top sovereign analysts, Ed Parker, said the US' baseline tariff of 15% on imports from the EU was in line with assumptions the rating agency has had since March and therefore did not materially shift its economic forecasts. 'Nevertheless, the 15% rate is a huge increase relative to the 1.2% rate of last year,' he said. 'We don't expect the increase in the tariff rate to directly drive EU rating changes on its own, but it could compound existing credit pressures,' Parker told Reuters. Smaller European-based agency Scope Ratings and Morningstar DBRS echoed the view, with Scope's head of sovereign ratings, Alvise Lennkh-Yunus, saying the tariffs arrived 'against a backdrop of accumulating economic shocks'. At a sector level, Moody's warned that 'the credit effects will be significant' for companies that export a lot to the US, depend on complex global supply chains and have limited pricing power in their markets. That includes carmakers like Stellantis and Volkswagen, whose ratings Moody's recently downgraded. Large diversified European manufacturing companies like Siemens and ABB generate about 25% of their revenue in the US. However, they tend to follow local-for-local strategies, sourcing at least 80% of their procurement within the US and should be able to pass at least some of the tariff increases on to customers. Uncertainty still remains about key goods such as semiconductors and pharmaceuticals. The pharmaceutical sector amounts to 25% of all EU exports to the US, analysts estimate. The exemption of aircraft components meanwhile eases expected tariff-related pressures for Airbus and MTU Aero Engines, 'which reinforces our already positive outlook for the global aerospace and defence sector,' Moody's said. It also said the 15% rate had been broadly in line with expectations it laid out when it cut its euro zone economic growth forecast for the year to below 1% in May. It did not give an EU-wide sovereign view, although it said Ireland, which it rates at Aa3 and has a 'positive' outlook on, was most exposed with total value-added exports to the US accounting for around 8% of its GDP back in 2020.
