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Brendan Rodgers’ broken relationship with the Celtic board was laid bare after his surprise resignation in an extraordinary statement from major shareholder Dermot Desmond.Rodgers was accused of misleading fans over his contract talks and the club’s transfer business as Desmond claimed the manager’s “divisive” actions “fuelled hostility” toward the board and executive team. Desmond put Celtic’s recent struggles down to “one individual’s desire for self-preservation” with the Scottish champions already eight points adrift of league leaders Hearts after failing to qualify for the Champions League.Amid the backdrop of fan protests, which have called for the board to be sacked, Desmond…

U.S. President Donald Trump and China’s President Xi Jinping shake hands before their bilateral meeting during the G-20 leaders summit in Osaka, Japan on June 29, 2019.Kevin Lamarque | Reuters The mere prospect of a U.S.-China trade deal is enough to send markets higher.On Monday stateside, the S&P 500, Dow Jones Industrial Average and Nasdaq Composite closed at record highs — with the broader market index breaking past the 6,800 level for the first time.And that’s before an agreement has been signed officially.”A lot of the forecasts for technology have been without the benefit of China, so once you can…

Cathie Wood, chief executive officer of Ark Investment Management LLC, during the Federal Reserve’s Payments Innovation Conference in Washington, DC, US, on Tuesday, Oct. 21, 2025. Aaron Schartz | Bloomberg | Getty ImagesArk Invest CEO Cathie Wood on Tuesday pushed back on fears of an artificial intelligence bubble, while flagging the possibility of a “reality check” on AI valuations.Speaking to CNBC’s Dan Murphy on the sidelines of Saudi Arabia’s Future Investment Initiative, or FII, in Riyadh, Wood said that as interest rates begin to rise, “there will be a shudder” in markets.”We are going to reach a moment in the…

Guests enjoy the Fortune Global Forum 2025 Gala Dinner on October 26, 2025 at Diriyah Gate, Riyadh, Saudi Arabia.Cedric Ribeiro | Getty Images Entertainment | Getty ImagesMining executives have welcomed a sharp upswing in investor interest from the Middle East, as Gulf states seek to expand their critical mineral ambitions and take on established global players.Critical minerals refer to a subset of materials considered essential to the energy transition. These resources, which tend to have a high risk of supply chain disruption, include metals such as copper, lithium, nickel, cobalt and rare earth elements.”The interest in rare earths in this…

Diplomacy, when stripped of ceremony and handshakes, is really about leverage. And this week in Kuala Lumpur, Donald Trump appears to have rediscovered the old craft of using pressure to invite cooperation. The US President, now again playing the role of negotiator-in-chief, began his week-long diplomacy tour with ASEAN nations amid high expectations — and low trust. Trump’s advisers are eager to claim victory. Treasury Secretary Scott Bessant declared that the mere threat of 100% tariffs “brought China back to the negotiating table.” It’s classic Trumpian strategy: escalate, intimidate, then negotiate. The logic is familiar — you shake the tree…

LONDON — European stocks were mostly lower on Tuesday as global markets await the U.S. Federal Reserve’s interest rate decision.The pan-European Stoxx 600 was preliminarily 0.3% lower after the closing bell in London, with most major bourses in negative territory. Sectors were mixed; among those in the green was the utilities sector, often seen as a somewhat stable investment amid market volatility, which was up 1%. Mining stocks, which is linked to critical minerals and rare earths, also closed the session 1% higher.Spain’s IBEX 35 index, which has been on a bull run that’s seen it gain almost 40% since…

Chris Sutton insists former Celtic manager Ange Postecoglou is the “obvious choice” to replace Brendan Rodgers at Parkhead.Rodgers quit the Scottish Premiership champions on Monday, just one day after the club fell eight points behind league leaders Hearts following their top-of-the-table clash. Martin O’Neill, 73, has been placed in interim charge and returns to the Parkhead dugout alongside former player Shaun Maloney. Image: Rodgers’ record in his second Celtic spell Sutton also believes his old boss O’Neill can help unite the club, while a permanent return for Postecoglou would then be “a really smart appointment”. Image: Postecoglou won back-to-back league…

Stock photo of a nuclear power plant.Larry Lee Photography | Corbis | Getty ImagesGoogle and American electrical utility giant NextEra Energy announced a partnership Monday to revive Iowa’s only nuclear power plant to meet growing low-carbon energy demand from artificial intelligenceThe Duane Arnold Energy Center, which closed in 2020, could begin operating in early 2029, pending regulatory approval.”Once operational, Google will purchase power from the 615-MW plant as a 24/7 carbon-free energy source to help power Google’s growing cloud and AI infrastructure in Iowa, while also strengthening local grid reliability,” the companies said in a press release.  The Central Iowa Power…

Two HSBC bank logos are displayed on an office building in Mexico City, Mexico, July 25, 2025. Henry Romero | ReutersEurope’s largest lender HSBC on Tuesday beat third-quarter profit expectations as the bank’s net interest income rose while performance of its wealth segment was also robust.The bank’s profit before tax for the three months ended in September was $7.3 billion, down nearly 14% from a year ago due to higher operating expenses, namely from notable items, including legal provisions of $1.4 billion.Here are HSBC’s second-quarter 2025 results compared with consensus estimates compiled by the bank.Profit before tax: $7.3 billion vs.…

President and CEO of Saudi’s Aramco, Amin H. Nasser, speaks during the Future Investment Initiative (FII) in Riyadh, Saudi Arabia October 29, 2024. Hamad I Mohammed | ReutersThink of Saudi Arabia and the first thing that comes to mind might be its massive, oil-derived wealth.While oil continues to drive Saudi Arabia’s economy, the kingdom is now expanding into areas such as artificial intelligence, tourism and sports to diversify its growth avenues.According to Saudi Arabia’s Minister for Investment Khalid Al Falih, more than half — 50.6% — of the Saudi economy is now “completely decoupled” from oil.”This percentage is growing,” Al…